Here are the 3 BEST cryptocurrencies for online sports betting in 2024, ranked by transfer fees, speed, and overall simplicity.
Are you wondering which cryptocurrency is best to get into online sports betting? Or just looking for lower fees? We will cover how to save you money as well as quickest options to transfer cryptocurrency into online sports books.
LiteCoin
Overall ease to send, as well as the most cost effective option.
LiteCoin is ranked number one due to its lowest network fees, by far. The last few times I have sent LiteCoin into my Bovada account, the network fees have been $0.05. This is next to nothing compared to Bitcoin, where the network fees were around $37 to transfer the same amount of cryptocurrencies.
Another positive about LiteCoin is that the minimum deposit is extremely low at around $2.50 of LiteCoin on Bovada, making this a great option for lower deposits. For reference, most credit cards have minimum deposit requirements of $25-$100.
If you don’t already have a Bovada account, I recommend setting one up here. I have used this sports betting site for almost 5 years now and have had nothing but good experiences.
Etherium
Another quick way to send cryptocurrencies.
The last time I was looking at sending cryptocurrency to Bovada, I believe the Ethereum fee was around $14. This amount is still pretty high, and likely more than credit card fees, depending on the amount you are looking to deposit. The transfer speed is slightly quicker than Litecoin.
However, I wouldn’t take Litecoin out of the picture. The last time I sent Litecoin, it had hit my Bovada account within 30 minutes, which is comparable to the deposit time of Bitcoin and Ethereum, in my experience.
BitCoin
Fastest way to send cryptocurrencies.
The Bitcoin network fees are not always as high as they are right now. Bitcoin typically always arrives in your account within about 30 minutes of the deposit initiation. So if you have a game starting soon that you’d like to bet on, this is your best option.
The last few times I have looked at sending this specific cryptocurrency, the Bitcoin network fees were about $37, which is relatively high. If the time/money tradeoff is worth it to you, then Bitcoin is the best if you’re in a time crunch.