Anonymous Crypto Sports Betting
Verification processes are rather unpleasant for players that need to access most bookmakers. To get verified, you have to provide an operator with personal details like your ID, address, bank information, card pictures, and sources of income. Regulatory bodies that track gambling behavior become intrusive to the common better. For this reason, many players are running to privacy-friendly bookmakers.
Anonymous sports betting lets you bet without having to share your personal information. In addition, with the rise of cryptocurrencies, more anonymous bookies are rising. Cryptos enable efficient, cost-friendly, and secure transfers without betting sites relying on third-party payment authorization. With anonymous betting sites, you can complete a transaction with peer-to-peer methods.
Advantages of Anonymous Sportsbooks
Anonymous casinos and sportsbooks often have no license or offshore licenses. This is because foremost regulatory authorities require personal information. Contrarily, offshore permits do not require this information. The more relaxed regulators are, the more bettors can benefit from gambling. Here are the main advantages of anonymous sports betting.
Privacy
Anonymous sportsbooks do not require identification documents like ID cards, proof of residence, and passports. In addition, they do not also require age verification. You do not have to provide any personal details, and this lets you familiarize yourself with the bookmark and decide to explore without any information provided.
Faster Registration Process
With an anonymous sportsbook, the registration process is easy. You can set up an account and sign up with a few clicks. The only requirement needed is a valid email address. Most bookmarks let you type in your email and play even before verifying the email or document review.
Crypto Payments
About all offshore gambling sites accept cryptocurrencies. Transactions are almost instant, but it varies on the cryptocurrency. Despite this, the best crypto bookmakers support faster payments, giving you a more flexible option.
Crypto Bonuses
A significant benefit of crypto bookies is the bonuses. Crypto-friendly anonymous bookies offer generous welcome bonuses, payouts, and promotions. This is because crypto transactions generally have lower transaction costs than conventional ways. This makes them convenient and more flexible for users.
Which Are the Best Anonymous Cryptocurrencies?
It is no doubt that cryptocurrency and anonymous betting go hand in hand. This makes them more convenient to verify the regulations the gambling industry gets. For this reason, crypto gambling could be the next big move the iGaming industry takes.
Most cryptocurrencies are transparent, including Bitcoin and Ethereum. This means that once a transaction is complete, the wallet addresses of the part involved are private. For example, if you give out your Bitcoin address to receive a payment, the person can access the transactions you make and the addresses of both parties.
Cryptocurrencies are private, provided you do not compromise your wallet information. However, to fix this problem, some non-transparent blockchains are being developed.
Privacy Coins
This is a common term used to describe non-transparent blockchains. The most popular non-transparent cryptos are Zcash and Monero. Dash offers a private transfer option if you are looking for privacy. Transactions with private coins do not leave a trace, and all parties’ addresses are disclosed.
This is possible due to the advancement of cryptographic enhancements developed by privacy coins. Despite this, it is still dicey whether privacy coins can be compromised. If you are looking for privacy, consider gambling with these non-transparent blockchains.
Decentralized Transactions
Another significant factor to consider is that the only way of trading fiat currency with cryptocurrencies is through centralized blockchains regulated at a high rate. This could probably mean that they might require personal data soon.
However, some blockchains have decentralized transactions that are hard to regulate and not controlled by a single body. This means that you can trade on the platforms with total privacy. However, you can enable anonymous transactions with decentralized exchanges.
Types of Anonymous Sports Betting Sites
In the last years, gambling authorities have imposed some strict rules. In addition, many countries are setting up new regulations, geographical limitations, and high tax rates, negatively impacting bookmakers. Consequently, they offer poor payouts, limited offers, and promotions. Several types of anonymous sports betting sites include:
Offshore License Bookmarkers
Small countries improve their GDP by developing good rules for gambling brands operating from their jurisdiction. They are safe, legal, and have fewer demanding standards than other brands. The most popular offshore licenses include Curacao, Costa Rica, and Panama.
Independent Bookmakers
Some bookmarkers choose not to have any authority regulating them. They are both high risk and high reward for more daring players. They also offer some of the best odds and bonuses, but no one can help you if anything goes wrong. You are left at the mercies of the bookie.
Crypto Bookmakers
All bookmakers that accept cryptos are either independent or offshore. However, not all offshore or separate casinos are crypto-friendly. Due to their decentralized nature, you can enhance your privacy at a significant level.
Is Anonymous Gambling Safe and Legal?
Bookmakers that accept anonymous betting often have an offshore license that is not strict on players or the betting site. The answer to no one and offer the most benefits. While this is a good thing, the chances of getting scammed are high as there is no regulating authority. Disputes can easily be overlooked, and you may have difficulty when caught in that situation.
However, this does not mean all anonymous gambling sites are scammers. Offshore and independent bookies allow you to bet anonymously, but they might require personal details if they suspect any illegal activity.
Even though offshore licenses are small companies, they are legal; you are not likely to worry about legal complications. In addition, transactions with crypto are untraceable, and your winnings will not be taxed.
Conclusion
Anonymous bookmakers are ideal for players who want to keep a low profile. Besides the privacy, anonymous sportsbooks provide you with the flexibility to explore them without providing any data besides your email. Before getting into crypto betting, remember to familiarize yourself with crypto gambling. More regulatory frameworks make it essential to consider privacy when gambling online.
