Author: Dean Carr
Last Updated: May 3, 2022
The rise of crypto sportsbooks is a trend that we anticipate continuing over the coming years, with offshore sportsbooks in particular embracing the payment method.
There are a number of brands that now accept crypto as a vaild payment method from both offshore casinos and sportsbooks, with BetOnline being one of the major players. The site now supports 17 different crypto coins to make deposits from after adding Polygon MATIC to its portfolio.
Polygon is a layer two scaling solution that runs alongside the Ethereal blockchain, while MATIC is the network’s native cryptocurrency that is used for staking and fees, amongst other activities. It is the sixth crypto option that has been added to BetOnline in the last two months and more are expected to arrive.
The most popular option so far for crypto bettors is Bitcoin at this moment in time and there are plenty of excellent Bitcoin betting sites out there. However, Polygon MATIC also looks so be a strong alternative.
It is similar to other popular coins such as Cardano, Solana and Avalanche, with Polygon allowing for staking, which means you can earn free MATIC coins and earn some passive income on top of your sports bets. The platform also comes with faster transaction times and lower transaction fees than some other options like Bitcoin and Ethereum.
From the start of 2021 to 2022, Polygon MATIC enjoyed a 300% increase in value from $0.36 to $1.44, suggesting that this is a cryptocurrency that is here to stay.
BetOnline is one of the top betting sites available to players in the United States and those who sign up today can claim an exciting welcome offer featuring a 50% matched deposit bonus of up to $1,000.