There are a lot of people across the world that hold Shiba Inu tokens. This cryptocurrency has increased significantly in popularity thanks to the large community that supports it. Online gambling bookmakers know that offering cryptocurrencies like Shiba Inu as a way to make deposits and withdrawals is what a lot of online gamblers want.
The Shiba Inu cryptocurrency
The Shiba Inu token (SHIB) is a dog meme token that is similar to Dogecoin. It operates on the Ethereum blockchain and is now very popular. In 2020, the Shiba Inu (SHIB) token was launched with a supply of one quadrillion. Some of the supply was provided to the founder of Ethereum, Vitalik Buterin. Other SHIB tokens were sent to India for Covid-19 relief.
Today, the market capitalization of the Shiba Inu token is in the region of $27 million. The SHIB token even managed to surpass the market capitalization of the Dogecoin for a period of time. Like all crypto tokens, the value of the Shiba Inu fluctuates regularly. But over time it has appreciated in value.
Why you should use Shiba Inu for Sports Betting
All cryptocurrencies like the Shiba Inu operate on a blockchain network. Blockchain technology is a decentralized ledger where transactions take place anonymously. Transactions on a blockchain are very secure as they have to be verified by a number of different computer nodes. It is almost impossible to hack a blockchain platform.
You can usually bet anonymously when you use Shiba Inu at an online bookmaker. Most of the betting sites that accept Shiba Inu will not ask you to provide a lot of sensitive information or have to go through a lengthy verification process.
Gamblers across the world are concerned about providing their sensitive personal information to online bookmakers. A database of customers for an online bookmaker is very valuable to a cybercriminal. They can sell this information for a high price on the black market.
Although not many online bookmakers are breached by cybercriminals, it is always a possibility. You do not want your sensitive personal information to end up in the wrong hands because this could leave you open to identity theft and other criminal activities.
Most cybercriminals are not going to try and hack a blockchain because this is almost impossible to do. Everything is decentralized and has to be verified by different computer nodes which means that it is extremely secure.
Betting deposit and withdrawal transactions are normally very fast when using Shiba Inu. The fees for transactions tend to be low but there is a “gas” fee to pay when making Shiba Inu withdrawals. At the time of writing, the gas fees on the Ethereum network are high. But the Shiba Inu token is available on other blockchain platforms that have lower gas fees.
It is not usual for an online bookmaker that accepts Shiba Inu as a method for deposits and withdrawals to charge any fees for transactions. Some will do this though. As soon as a deposit is confirmed by the associated blockchain, your online bookmaker balance will increase by the deposit amount.
Our recommended list of Online Bookmakers that accept Shiba Inu
More and more online bookmakers are now accepting Shiba Inu as a way to make deposits and withdrawals. Unfortunately, not all of these betting sites are good. Our expert team at AZBookmakers.com has tested many of the gambling sites that accept Shiba Inu and the very best are included in our recommended list.
Our team will verify that the online bookmaker has a valid license. You will never find a betting site in our recommended list that is unlicensed gambling site. If you bet with an unlicensed gambling site then you are very likely to run into a lot of problems. The biggest of these problems will be that they refuse to pay you your winnings.
By betting with a licensed gambling site you can complain to the licensing authority if you experience any difficulties. The online bookmaker will not want to lose its license so you are more likely to get your issue resolved fast. There is no higher authority with an unlicensed gambling site.
Our team also checks the range of sports and markets offered by the bookmaker, their security arrangements, their support, whether these bookmakers require verification and a lot more. Here is our list of recommended Shiba Inu gambling sites: