Every day, right after docking my laptop at the desk in my cube and brewing some inadequate and disappointing K-Cup coffee (which is no knock on the work environment at SBL – all K-Cup coffee is inadequate and disappointing), I log in to every major online sportsbook and check their deposit and withdrawal menus for changes.
Usually, there’s nothing to report, and everything is business as usual.
But every now and then, on the rarest of rare occasions, something big happens behind the scenes and we get a host of new bet funding options to choose from.
And when that happens, well, it’s my job to make sure you know all about it.
Previously, the sites were relatively conservative in their crypto libraries, with only Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple making the cut. Now, though, both venues have upped their games considerably.
As of the time of this writing (and probably a few days prior, to be honest), you can now make deposits and claim payouts with the following just-added altcoins at MyBookie AG and Xbet AG:
With these six new crypto bet funding methods, that brings the total number of cryptocurrencies supported by both sites to 10.
But why not 11?
Well, unfortunately, all this has come at a (potentially not insignificant) cost:
MyBookie and Xbet have dropped support for Ripple (XRP).
While XRP remains a viable crypto gambling option and is still supported by BetOnline and SportsBetting AG, the ongoing kerfuffle with the SEC – and the fact that Ripple is still unlisted by the big US crypto exchanges (making it generally more difficult to acquire than other popular crypto coins) – has caused waning interest in the asset from bettors.
Now, just because these six new cryptos (or, rather, new cryptos to you if you’re a member at either book) are available for use, that doesn’t mean they’re all going to be compelling.
For us, though, at least two of them are worth making the switch for, regardless of the crypto option you’ve been using: Solana and Cardano. Both of these are Proof-of-Stake (PoS) coins with established stake pool models and great historical returns.
So, you know, you can get winnings on top of your winnings.
That said, Tether isn’t all that compelling unless you really have a use case for stablecoins, while Dogecoin and Shiba Inu are memecoins that don’t have the investment potential of any of the other available options. Binance Coin (BNB) is a decent option as a top 5 cryptocurrency, but if you’re going to use BNB, you might as well just use Bitcoin or Ethereum.
Regardless, though, more options is always better, and both MyBookie and Xbet have effectively doubled their banking menus.
So buy in, bet big, and double your bank!