Web3 Sportsbook FAQs

📌 What is a web3 sportsbook?

👉 A web3 sportsbook is a sports betting site that allows playing to connect via the blockchain using a wallet such as MetaMask or Trust Wallet. This means that players can transfer their funds directly from the wallet into the web3 sportsbook, without any third-party intervention. It also means that personal data is not required to move funds, unless specifically required by the crypto sports betting site.

📌 Do web3 sportsbooks require KYC?

👉 In theory, a web3 sportsbook should not require players to share their personal information. Many web3 sportsbooks are decentralized, meaning that they allow players to remain anonymous when depositing, betting, and withdrawing funds. However, some web3 sports betting sites do request KYC verification due to licensing and compliance issues.

📌 Do web3 sportsbooks have live betting?

👉 When you register for a web3 sportsbook, you can be sure to find all the features of a premium sports betting site, including live betting. As live betting is a standard, any reputable site will have over 10,000 live matches per month on a wide range of sports.

📌 Do web3 sports betting sites only accept cryptocurrency?

👉 Due to the decentralized nature of web3 sportsbooks, most platforms will only accept crypto as a payment. This allows players to connect with their MetaMask or other wallet, then move funds quickly between their personal wallet and betting account. However, there are some sportsbooks that have web3 connectivity, as well as traditional sign-up methods. Thus, they may also include fiat payments in USD, EUR, CAD, GBP, and other real-money currencies.

📌 Are web3 sportsbooks licensed?

👉 Some web3 sports betting sites hold licenses from jurisdictions such as Curacao, while others do not. The issue of licensing is complicated with web3 sportsbooks and casinos because a major part of complying with licensing regulations is gathering of personal data. For example, Curacao license holders are required to complete a KYC check on any players depositing or withdrawing more than a total of 2,000 Euros. In the world of web3 betting, online reputation and reviews from existing players is more important than the license that is held.

📌 What is the best web3 sportsbook?

👉 Our experts have ranked Moonbet as the best web3 sportsbook after a review of over 20 platforms. The reason we have chosen Moonbet as the best crypto sports betting site is due to its wide range of available sports, a great live betting platform that includes streaming, good betting limits for small and large players, and a VIP bonus system that rewards bettors. You can learn more about why we consider the best web3 sportsbook to be Moonbet in our review.

📌 What is the best web3 sports betting bonus?

👉 There are a number of great web3 sportsbook bonuses available. Ranging from deposit bonuses to free bets, each site has its own crypto sports betting bonuses. To learn more about how you can benefit from these betting bonuses, check out our web3 sportsbook bonus review page!

One of the favourites for our experts is the Housebets deposit bonus, giving up to 180% of the first deposit and going all the way to 300% by the third bonus. 

📌 What is a white label web3 sportsbook?

👉 A white label web3 sportsbook is when you license a ready-made platform from a supplier that includes blockchain and betting technology. A white label crypto sportsbook offers a number of huge advantages than building your own, including saving time and money during the development process.

If you would like to learn more about starting your own crypto betting site, then check out our white label web3 sportsbook reviews!