Pros

• Highly competitive odds with chances to maximize profits.
• High-level security and anonymity using bitcoin and other crypto options.
• Availability of these services to a wide range of regions.

Cons

• Very few promotional offers for new customers.
• Commission rates may be very high and uncomfortable.

Reliability

Every betting platform must be able to meet a reliable status that automatically attracts gamblers.

To meet this level of reliability, betting brands seek certification and licensure. This way, you as a trader can verify how trustworthy their services will turn out to be.

Platforms without certificates and licenses already expose the possibility of running an illegal service: so run from it.

To make further confirmations, you can also check other customers’ reviews. Bettors make other players aware of their experience by giving online reviews.

Take your time to read these reviews. Some of the negatives around a brand are primarily seen in customers’ comments and feedback. 

Liquidity

When we talk about liquidity in exchange, we are not referring to anything about water. Instead, it refers to the amount of money available for any bettor to make profitable wagers to bag a reasonable profit.

As usual, an exchange must involve another bettor that will trigger the bet. So, the liquidity comes from the potential stake from each of the bettors. 

Liquidity is a reason for you to be sure there is enough money in a gambling exchange. And realistically speaking, even the top brands experience occasional liquidity shortage which would result in partially matched or unsuccessful wagers.

But it should not be a norm because it will cause you frustration in the long run. Hence, it is important to check that an exchange has good liquidity. 

Range of Markets

When picking a betting exchange, one thing to always remember is the platform’s range of markets.

This covers the whole arrangements of sports and other entertainments the platform has for you.

Even though you may be interested in just one sport, make sure the platform has a variety of other sports. This way, you get to try other entertainments when you are bored. 

Commission

Crypto sports betting exchanges are known for many lovely things but the commission. Instead of seeing this as a disadvantage, it is understandable that these services generate little profits from the commissions.

You may enjoy as low as 0% to 5% commission rate on winning trades. It would be best to avoid the advances of some greedy sites that charge highly significant charges. 

There are no imposed regulations on the percentage rates of commission in a betting exchange.

Yet, you can still find generous exchange software and apps that offer as low as 2%. At the very least, ensure to find services with a considerable commission rate. 

Welcome Bonuses

Surprisingly, crypto, including the bitcoin sports betting exchange, also gives its customers promotional offers and bonuses.

They go as far as providing bonuses for new players, which is a significant aspect of a good exchange.

In addition, some exchanges directly hand out no deposit bonuses, free bets, deposit bonuses, birthday gifts, and many more. 

We advise that bettors ready to start trading easily go for platforms with sign-up offers. It is an opportunity to start making real money without actually risking extra.

However, make sure to confirm the site’s wagering requirements on their bonus offers. This gives the chance to verify the genuineness of the promotions and the general betting brand. 

Payment Methods

Banking is another crucial aspect of any online platform dealing with real money.

Even more, you will have to consider the type of exchange you will need since you will be using crypto for payments.

Apart from the highly secure form of crypto currency and bitcoin, you will still need to confirm whether the platform is reliable and safe.

That way, you can guarantee the safety of your money. 

Usability

The usability simply implies how exactly the platform looks and performs.

Hearing this alone makes it essential that you find the best sports betting exchange with a responsive and simple website or app.

The platform’s colourings, designs, and mobile optimization must be sleek and controllable, even for the least tech-savvy person. 

Support

The best customer support team readily assists bettors in making the best decisions on their website.

We highly prioritize platforms that include various customer support options, including a phone line, email, and a live chat medium.

To add to it, these services must be available 24/7. Their availability is needed all the time. We don’t see any reason they shouldn’t be available 24/7. 

Fairlay Exchange

Fairlay is one of the few groups of sports exchanges that offer genuine crypto gambling options. Since Fairlay came to the limelight in 2013, it prioritized Canadian players, offering them an enjoyable real money trading session.

On the downside, Fairlay disappoints crypto lovers with a limited range of available cryptocurrencies, only including Bitcoin. However, we still expect a better upgrade from Fairlay. 

Exbet.Io

Exbet started operation in late 2020 and has already dominated the hearts of many sports gamblers.

The brand also accepts very few crypto payments, mainly bitcoin, and appears to be one of the best Canadian traders. Let’s have a visual picture of what Exbet has got for players.

Sportsbet.io

Sportsbet started operating in 2016 with the motive of giving bettors the best online crypto exchange options in the industry.

It is one of the top platforms with official partnerships from some of the biggest European football clubs. Without further ado, let’s take an overview of this world-class exchange.

Tru.bet

Tru.bet is an early exchange for professional players seeking to play the best peer-to-peer crypto betting exchange.

After launching their major services in 2021, Tru.bet has since then continued to dominate with exclusive trading operations. Canadian players are no exception here. 

Rollbit

While there are already a handful of good decentralised crypto betting exchanges in the market, Rollbit makes quite an extraordinary space for bettors and traders.

Still new to the online gaming environment, Rollbit made its debut in 2020 and has grown excellently into a licensed crypto betting platform.

The brand boasts of operating using four of the fastest blockchain payments, including Bitcoin, Ethereum, Solana, and Litecoin.

Degens

Degens is another top exchange platform that prioritizes its markets based on the Ethereum economy.

If you feel your betting exchange is limiting its services to an extent, Degens is here for you.

The brand encompasses everything from your traditional bookie to an exchange. With just one click, everything will be delivered to your doorstep.

Is There a Bitcoin Betting Exchange? 

Yes, in fact, there are numerous Bitcoin betting exchanges worldwide. To be safe, it would be better to go for licensed exchanges. 

How To Choose The Best Crypto Betting Exchange?

From our review, we listed eight crucial factors to consider when choosing a suitable betting exchange for your endeavours.

You can take another look at the review and draft those criteria. 

What Is The Best Crypto Betting Exchange?

Naming the best crypto exchange will be pretty tricky as they all come with different top features. However, you can navigate through our recommended list and make your pick.