NFT Bookmakers
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AZ team
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Non-fungible tokens, or NFTs, are currently a hot topic in the tech and gaming industries. While NFT gambling and bookmakers are gaining attention due to the recent surge in NFT ownership, you may wonder whether NFTs can be used for deposits or wagers. At this time, direct deposits using NFTs are not widely supported by online bookmakers. However, NFTs can often be converted to cryptocurrencies, such as Ethereum, which many bookmakers accept. As the industry evolves, the integration of NFTs in gambling platforms is likely to expand.
| Highest odds for betting | Sportsbet.io |
| Big variety of betting markets | MyStake |
| Best welcome bonus | Velobet |
Velobet – 9.5/10 rating
⚽ Great range of betting markets
👔 Owner: Santeda International B.V.
📅 Established: 2023
🌎 GEOs: Canada, New Zealand, Finland
🏛️ License: Comoros
Banking
Min. deposit: $20
Max Monthly Withdrawal: $15,000
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- New bookmaker with high odds
MyStake – 9/10 rating
⚽ Casino and sports betting
👔 Owner: Santeda International B.V.
📅 Established: 2020
🌎 GEOs: Chile, Norway, Mexico, Brazil
🏛️ License: Comoros
Banking
Min. deposit: $10
Max Monthly Withdrawal: $15,000
Withdrawal time: up to 24 hours
Advantages
- Over 6000 slots
- Generous welcome bonus
- Accepts crypto payments
Sportsbet.io – 8.5/10 rating
⚽ High sports odds
👔 Owner: mBet Solutions N.V.
📅 Established: 2016
🌎 GEOs: Brazil, Japan, Greece, Italy
🏛️ License: Curaçao
Banking
Min. deposit: $5
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Advantages
- Accepts players from many countries
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Betonline – 8.5/10 rating
⚽ Accepts players from many countries
👔 Owner: Imion Limited Casinos, Termas del Arapay Management S.A.
📅 Established: 2004
🌎 GEOs: USA, Canada, Australia
🏛️ License: Panama
Banking
Min. deposit: $20
Max Monthly Withdrawal: No limit
Withdrawal time: Up to 24 hours
Pros
- Many cryptocurrencies available
- 24/7 live chat
- Mobile app
NFTs Defined
The best way to define an NFT, for those who are unsure, is as a unique digital asset. You are undoubtedly aware of how simple it is to duplicate digital assets like pictures. However, an NFT verifies who owns the digital asset.
Similar to cryptocurrencies, a blockchain network underpins NFTs. An NFT has a distinct digital signature that is stored in a record on a blockchain when its creator “mints” their creation. This facilitates the process of verifying ownership. Indeed, an NFT can be copied, but a blockchain will demonstrate that there is only one true owner.
Right now, the value of an NFT is entirely arbitrary. While some NFTs are worth millions of dollars, others are only worth a few hundred dollars. An NFT of co-founder Jack Dorsey’s original tweet on Twitter sold for about $3 million.
A common misconception is that NFTs are merely digital art. This isn’t true. An NFT can be created from a wide variety of files, including JPG images, MP4 video clips, MP3 audio clips, and more.
Are cryptocurrencies and NFTs different? Indeed, they are. Because an NFT is non-fungible, it is unique. Numerous people can own cryptocurrencies like Bitcoin, and their value is the same.
Exchange NFTs for cryptocurrency
Every NFT has a distinct worth. Anyone can trade an NFT for cryptocurrency on platforms such as OpenSea.io. At some online cryptocurrency bookmakers, the cryptocurrency can be used to deposit funds and place wagers after a trade is completed.
Currently, you are unable to use a good-value NFT to deposit money with an online bookmaker. However, you could use the money for online gambling if you were to exchange the NFT for cryptocurrencies or fiat money (such as the US dollar).
You might be able to use your ownership of an NFT for online gambling in the future. Although it is not currently feasible, someone will probably find a way to accomplish this. For instance, is it possible for an NFT owner to trade their digital asset for a gambling voucher?
