Reliability

Credibility is the first aspect we need to consider. As long as we talk about the most popular and well-known exchanges, we don’t have to fear anything.

The problem arises when local exchanges or those less popular in a given country come into play.

In this case, we first have to check if the exchange has the appropriate licenses and regulations that allow for legal, honest and reliable trading on their exchange between customers.

Liquidity

This is the second, equally important aspect that we need to consider. Liquidity is the popularity of the market.

If it’s a match from the Champions League final, it’s bound to be loaded, and therefore liquidity will be very high because there will be a wide range of exchange odds and amount of money to be matched.

The more liquidity there is, the more opportunities to trade and the more opportunities to make money.

Range of Markets

The range of markets should also greatly interest us. It’s not just about the different types of sports to choose from, but also the variety in one event.

I don’t think anyone likes having only 1 X 2 markets available, do they?

Especially if you want to trade in markets that are not as popular, such as corners, betting on players or both teams to score market.

Commission

Commission charged on a bet is a regular thing. After all, the exchanges must make money if they are not bookmakers and do not take our money, right?

Commissions vary slightly between the various exchanges and range from 2% to 5%.

Sometimes you can get 0% commission, but these are temporary promotions, usually for 30-60-90 days.

Remember, commissions are charged ONLY on winning bets.

Welcome Bonuses

Everyone loves welcome bonuses so we can increase our bankroll.

However, sometimes it’s a clever marketing ploy, but not always, because you can often squeeze everything out of that bonus!

The key thing is to study the terms and conditions of the bonus carefully. So don’t trust the slogans and headlines – go into the full details of the bonus and review them carefully.

Payment Methods

Everyone has their favourite e-wallet on which you frequently transact. And there are plenty of them – Revolut, Jeton, Paypal, Skrill, Ecopayz, Much better, and many more.

However, all of them will not be found on our favourite exchange, so before opening an account, it is worth checking if we will be able to make transactions using our favourite e-wallet.

You should also consider whether the deposit and withdrawal can be made using the same payment method because this may not always be the case.

Usability

The next important factor is the application itself. By usability, we don’t just mean how it is used, but whether all the features fully work.

For example, while trading or betting time is an important aspect, we cannot afford that the application will crash or run slowly.

Finally, the device we are using also matters. There may be problems with using the application on older phones or tablets, so it may be worth investing in a newer device.

Support

Support may not be an obvious factor, but if you find yourself in a situation where you don’t have access to a computer and you’re only left to contact support through an app, it can still be a lifesaver.

So check out how you can contact the support team using the app.

The relevant tab will undoubtedly make things easier.

Betfair Exchange App

The latest Betfair mobile app comes from a company that was once the market leader but is fast declining.

However, you may still use their online betting applications to place back and lay bets. These are compatible with iOS, Android, Blackberry, and other smartphone devices.

What’s more, you can choose from different applications from Betfair depending on whether you want to use the exchange, sportsbook, casino, bingo or arcade.

Welcome Offer

The welcome offer at Betfair Exchange is £100 in free bets. Enter promo code ZBBC01 when opening an account to take advantage of it.

Let us examine how to obtain it and what we need to do.

What do you need to do?

• Place 5 x £10 (or more) single bets on the Sportsbook, each at minimum odds of 1.5.
• The bets must be different. Otherwise, they will not count.

How much can you get?

• After settling your five qualifying bets, you will receive a £20 free bet.
• The process can be repeated up to 5 times, allowing you to get 5 x £20 in free bets.

Betdaq Exchange App

Betdaq is a well-known exchange that is valiantly battling with Smarkets to be the second-best exchange in the world.

We can have no doubts about the first place, but no judgment can be made about the second position on the list.

Betdaq has developed a betting exchange app, making it much easier to operate the markets using a mobile device.

Let’s see what this exchange is famous for and if we can claim a bonus for downloading the Betdaq app.

Welcome Offer

	Betdaq Bonus Description	Betdaq Promo Code:
Exchange	Bet £20 Get £20 – Place £20 first bet on Exchange at odds of 2.0 or greater & get £20 free bet.	BG2020
Exchange	Get Up To £1000 Cashback – Receive your first month’s commission back as cash up to £1000.	DAQBACK
Exchange	Bet £10 Get £10 – Place £10 first bet on exchange at odds of 2.0 or greater and get £10 free bet.	BDQ10
Virtuals	Bet £10 Get £10 – Place your first bet of £10 on Betdaq virtuals and if it loses, get a £10 free bet.	V1010

Smarkets Exchange App

Smarkets is one of the world’s leading sports exchanges. It owes its popularity to its excellent customer service and strong market liquidity.

Both these aspects are being improved daily, making Smarkets even better.

The platform allows you to bet against other members in many sports at excellent odds with impeccable liquidity, even in less popular markets.

So, let’s take a peek at the Smarkets app, which is downloadable for iOS and Android devices.

Welcome Offer

The welcome offer on Smarkets is not the most attractive, which is one of the main aspects that should be improved.

However, it is not all that bad, as we can trade for 60 days for free without any commission.

There is also a second offer available – so take a look at the table and make sure you use the correct promo code when registering.

Smarkets Bonus Description:	Smarkets Promo Code:
Trade with 0% commission for 60 days.	COMMFREE
Get a £20 cash refund	SMK20

Conclusion about Smarkets Betting Exchange

If you have a Betdaq account but haven’t set one up on Smarkets, do so as soon as possible. Smarkets is as strong as Betdaq.

And it owes its strong position to good liquidity and attractive offers even in Esports or other less popular markets.

You may also like: Best cybersport betting exchanges

Moreover, Smarkets deserves recognition among the best exchanges and apps because of the smooth operation of both the website and the mobile app and the improvements we feel are being implemented monthly.

Matchbook Exchange App

Matchbook may not be in the world’s top 3 sports betting exchanges, but it deserves a place just off the podium.

This is because of its intuitive and user-friendly website and mobile app. In addition, Matchbook is famous for its many payment methods and impeccable offerings.

Moreover, live streaming is available, improving Matchbook’s overall standing.

So why didn’t it make it to the top of the list, even though the app performs very well, especially compared to the mobile browser version?

Let’s find out.

Welcome Offer

Matchbook Bonus Description:	Matchbook Promo Code:
£30 Money Back If Your First Bet Loses – Place your first bet at fixed odds of 1.8 or more. If it loses, they will refund your stake as a single free bet.	MATCHBOOK30
0% Commission For 90 Days – Deposit funds using a credit or debit card and get 0% commission on all sports for your first 90 days.	COMMFREE90

Read more: Matchbook Exchange Bonuses

What is the best crypto betting exchange app?

There are not many sports exchanges where cryptocurrencies are available. But at the ones you can, can you be sure they are entirely legal and licensed, and you don’t have to worry about the funds deposited there? 

Reportedly the best exchange that supports cryptocurrencies is 1xBit. But unfortunately, although the Curacao Gambling Authority licenses it, the owner is not fully known.

And on the Internet, we can find many negative reviews from serious traders who report blocked accounts or loss of funds.

Pros and cons of the 1XBIT application

Pros:

• The 1XBIT app allows players to place bets on iOS and Android devices easily and simply.
• The mobile app supports most desktop features, including Betting Exchange and Bet Constructor.
• The live streaming feature works perfectly.
  

Cons:

• The mobile version of 1XBIT supports more than 50 languages, while only 10 languages are available in the app.
• Bad reputation and many reports of negative experiences.
• Low odds & live betting issues.