BetOnline now accepting Doge and other alt coins
Several years ago online sportsbooks began to use Bitcoin as a method to transfer funds back and forth. BTC was a godsend for betting companies and players due to the ease of use and low costs. Now, with cryptocurrency becoming a bit more 'mainstream', industry leader BetOnline offers 10 different cryptocurrencies for players.
It all started with Bitcoin (BTC) and eventually many online sportsbooks started using Ethereum (ETH) and a few offered LiteCoin (LTC). But now, BetOnline.ag is offering players the opportunity to use Dogecoin (Doge), Chainlink (LINK), Tether (USDT), and USDC, in addition to their already robust platform accepting BTC, ETH, Bitcoin Cash, LTC, Ripple (XRP) and Stellar (XLM). The online betting giant looked into more types of crypto fund transfers at the request of players and appears to have met the challenge, especially with the addition of the extremely popular Dogecoin.
Where many sportsbooks try to make it easy to send money and difficult to receive it, BetOnline offers transfers to the sportsbook in all of the crypto currencies above and payouts are done via BTC, ETH and five other altcoins, though we've been told all will be available shortly for withdrawal. And don't look now, but BetOnline is also working on adding Cardano (ADA) and Binance Coin (BNB) soon
One form of crypto that is particularly interesting for players who may be skeptical of digital currency or worried about the vast fluctuation in value of some coins, is USDC. This 'stablecoin' is directly tied to the U.S. dollar and there is little to no fluctuation in it's price. USDC is issued by regulated financial institutions, backed by fully reserved assets and is redeemable on a 1:1 basis for US dollars. This altcoin is also governed by Centre, a membership-based consortium. So, for players who have had trouble shifting to digital currency, BetOnline provides the one option that is easy to understand and makes sense to everyone.
Head to BetOnline.ag to get started using cryptocurrency with one of the leaders in the online gambling industry. All of these cryptocurrency option are also available at their sister site, SportsBetting.ag and in casinos they manage. For those who love the technical aspect of playing online, the use of so many altcoins at such a highly rated sportsbook is a blessing.