Why you should bet using stablecoins at Housebets
Everything you need to know about stablecoins and why you should bet using stablecoins at Housebets.
Cryptocurrency is one of the greatest discoveries ever, as it has created numerous financial opportunities for people.
One such financial opportunity is the crypto gambling industry. This is not different from the normal gambling market, but it allows bettors to bet, using cryptocurrency.
Initially, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) were the most popular choice among players.
However, due to the volatility of these coins, bettors are now turning to stablecoins as a means of payment for their iGaming activities.
As a result, we look at why Stablecoin betting is popular and why you should choose it as a means of payment at Housebets.
What are Stablecoins?
Stablecoins are cryptocurrencies whose value is tied to real-life commodities. The commodity here could be another currency or financial instrument. In a nutshell, Stablecoins' market value is determined by external commodities that are real. Some of these commodities include fiat currency, real estate or gold.
According to Investopedia, Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC), which has made crypto investments less suitable for everyday transactions.
What are the benefits of Stablecoins in Cryptogambling?
Stability
One of the major reasons why Stablecoins are beneficial in Cryptogambling is the stability it offers.
Unlike other cryptocurrencies, Stablecoins are less volatile. As the name suggests, Stablecoins are stable, meaning you don’t have to worry about fluctuations in the crypto market when you use Stablecoins as a payment method for sports betting at Housebets.
Fast Transactions
With Stablecoins, transactions are seamless and fast because they allow P2P transactions, thereby eliminating the long process of depositing and withdrawing funds using your bank account. Not only that but transactions can also be done without filling out unnecessary forms.
Privacy
With Stablecoins, your identity can remain anonymous, which lessens your chances of getting your information infiltrated by hackers because all you need is your public and private keys to execute a transaction.
Security
Unlike fiat currency, which leaves your card and bank details exposed, Stablecoins shield you from that.
Stablecoins allow you to send, receive and store your coins safely without providing sensitive information since you only need to provide your private and public keys.
Best Stablecoins to choose from at Housebets
Tether (USDT)
Arguably the most popular Stablecoin is Tether (USDT). It is pegged to the U.S. dollar at a 1:1 ratio and backed by gold reserves.
It is widely accepted as a means of payment on many crypto-powered betting platforms, including Housebets.
Originally known as Realcoin, the Tether stablecoin was officially released in 2014 and was one of the earliest stablecoins.
USD Coin (USDC)
This stablecoin was created by an entity called Circle, composed of multiple well-known figures in the crypto world.
It launched in 2018 and has since been one of the top Stablecoins in the crypto market because it offered an alternative to USDT.
Some other Stablecoins include
TrueUSD (TUSD)
PAX Gold (PAXG)
How to bet using Stablecoins at Housebets
Housebets is one of the licenced crypto-powered betting platforms that accept a variety of Stablecoins as a form of payment, guaranteeing easy transactions and instant deposits.
To bet using Stablecoins at Housebets:
- Register and log into your Housebets account
- Click on the deposit icon
- View and select your preferred stablecoin
- Click on Deposit
- Input the amount you would like to deposit
- Copy the wallet address and transfer the amount from your wallet.
- You will receive the amount in your account immediately.
- From there, you can start betting.
Why should you choose housebets?
Housebets has some of the best offers on the site and amazing bonuses including, a 200% welcome bonus and a chance to pre-mine $1M of tokens. Also, you get to enjoy easy transactions. You can deposit into your account with any preferred currency of your choice with a fast payout option on winnings.
There is a wide range of casino games to choose from. In the sportsbook section, you can also bet on live events, tennis, American Football, Soccer, Basketball, and other sports.
How do I bet on Housebets?
To bet on Housebets.com. Open an account, and deposit any of your preferred currency into your account. And as simple as that, you can go to the Casino or Sportsbook section to start betting.
So what are you waiting for? Go to Housebets.com and start playing. Create your account today and start betting.
