Every day, right after I’ve docked my laptop at the desk in my Cube and brewed an inadequate and disappointing K-cup coffee (which is no blow to the work environment at SBL – every K-cup coffee is inadequate and disappointing), I log into every major online sportsbook and check their deposit and withdrawal menus for changes.
Normally there is nothing to report and everything goes as usual.
But every once in a while, on the rarest of occasions, something big happens behind the scenes and we have a variety of new bet funding options to choose from.
And when that happens, it’s my job to make sure you know all about it.
In particular, sister sites MyBookie Sportsbook and Xbet Sportsbook have significantly expanded their range of crypto options for sports betting.
Previously, sites were relatively conservative in their crypto libraries, with only Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple making the cut. Now, however, both venues have upped their games significantly.
At the time of writing this article (and probably a few days before, to be honest) you can now make deposits and request withdrawals with the following just-added altcoins at MyBookie AG and Xbet AG:
These six new crypto betting funding methods bring the total number of cryptocurrencies supported by both sides to 10.
But why not 11?
Well, unfortunately, all of this comes at a price (possibly not inconsiderable):
MyBookie and Xbet have dropped support for Ripple (XRP).
While XRP remains a viable crypto gambling option and is still backed by BetOnline and SportsBetting AG, the ongoing dispute with the SEC – and the fact that Ripple is still not listed on major US crypto exchanges (which it is in the generally making it harder to acquire than other popular cryptocoins) – has caused bettors to lose interest in the asset.
Just because these six new cryptos (or rather, new cryptos for you if you’re a member of either book) are available doesn’t mean they’ll all be compelling.
However, for us, at least two of them are worth switching, regardless of the crypto option you used: Solana and Cardano. Both are Proof-of-Stake (PoS) coins with established stake pool models and large historical returns.
So you can make profits on top of your winnings.
However, Tether isn’t 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 options available. Binance Coin (BNB) is a decent option as a top 5 cryptocurrency, but if you’re using BNB, you might as well just use Bitcoin or Ethereum.
Regardless, more options are always better, and both MyBookie and Xbet have effectively doubled down on their banking menus.
So buy in, bet big and double your bank!