Home Payment processors Sports betting in New York is not an option for crypto users!

Sports betting in New York is not an option for crypto users!

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Sports betting in New York is not an option for crypto users!

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Four New York sports betting operators: DraftKings, Caesars, BetRiversand FanDuel will go live on Saturday at 9 a.m.

20% Deposit match up to $ 1,000

You must be 21 and over to participate. The T & Cs apply.

Five other operators are putting the finishing touches on their applications ready to go online in the first quarter of 2022.

This is great news for local sports fans. Indeed, if you are 21 years or older and within state limitsyou can use our New York Sports Betting Promotional Codes and registration links to get started. However, before you do, we need to talk about cryptocurrencies. There is no doubt that Bitcoin, Ethereum, and other major cryptos have changed the way we think about transactions.

Decentralization certainly has the power to change the way we pay for goods and services. There is a good chance that cryptos will be useful for online sports bettors in the future. However, they are not useful at this time.

To put it plainly: NY’s licensed online betting apps do not accept crypto. Therefore, if you find a sport bets it does and it claims to be a legal New York betting site – chances are it isn’t.

Risk-free bet up to $ 1,000

You must be 21 and over to participate. The T & Cs apply.

NY Legal Online Betting Sites Do Not Accept Cryptos

We’re not saying that DraftKings and BetMGM won’t accept Bitcoin in the future, but the point is, they don’t at this time. So, again, if a site only accepts crypto deposits and claims to be licensed in New York, it doesn’t.

Each US sports betting site approved by the New York State Gambling Commission will only accept US dollars. This means that you can make deposits and withdrawals using these methods:

  • Visa
  • MasterCard
  • To discover
  • Pay Pal
  • Play +
  • Payment

All of these payment processors are secure and highly reputable. Therefore, you should have no reservations about their use, even if you are a die-hard crypto fan who believes decentralization is the future. The reality is that only offshore and unlicensed New York betting sites accept crypto because it allows them to circumvent local laws.

However, not only do they run the risk of being shut down, but you put yourself at risk if you use them. They are not responsible to any regulatory authority, which means the software could be unsafe, the odds might not be fair, and your payments might not be guaranteed. By contrast, licensed sports betting operators in New York City must adhere to strict rules.

These rules guarantee you a safe, fair and high quality service. So while you might think crypto payments are the way to go, they are not in this case. None of the licensed operators in New York, such as FanDuel Sportsbook New York, currently accept Bitcoin, so be sure to avoid any sportsbook that tells you otherwise.

Risk-free bet up to $ 1,000

You must be 21 and over to participate. The T & Cs apply.