The boom of the internet came with a flood of websites and developer creations for various subcultures and activities that were once offline. One of these industries was sports.
Over the years, the sports industry had been growing steadily, especially since gambling and sports betting were mostly legal and widely popular. As more and more companies migrated to the internet, the sports betting scene quickly followed and has been growing steadily since.
This is where the All Sports (SOC) coin comes in. Because of the migration of the sports industry onto the internet, the advent of cryptocurrencies and e-wallets added a whole new dimension to the pastime. While people can use their fiat currencies online, cryptocurrencies allow people to bet where other currencies can’t.
However, because of the natural volatility of betting, not all crypto is viable as a currency depending on where it’s used. The All Sports coin aims to minimize the number of currencies needed to gamble in various places by giving players a unified currency that they can use wherever SOC are accepted.
Here’s how you can start using All Sports to bet.
Before using All Sports to bet on sports betting sites, one of the most important things to take note of is that it can only be bought using a select number of cryptocurrencies. Some that can be used are bitcoins (BTC), Tether (USDT), and ether (ETC). Thankfully, there’s a large number of crypto exchanges online that you can use to convert your fiat cash into crypto. This leads to the first step to start using All Sports coins for betting. You need to set up an account at an exchange of your choice.
Once that’s done, the next thing to set up (if you don’t have one already) is an online wallet where you can store your crypto. It’s best to pick a wallet that can hold multiple crypto coins and isn’t dedicated to just one so that you can store your BTC/USDT/ETC, fiat, and SOC together in one place.
When you’ve got your wallet and crypto exchange account ready, you can start buying SOC with your crypto straight from your exchange’s currency wallet. Just don’t forget to move your crypto to your wallet when you’re finished so you can avoid any potential security breaches. If you want to know what’s the best wallet for you, check out the different types of crypto wallets here.
If you’ve ever bet on a sports betting site with a crypto coin before, this next step should be easy. All you have to do is open your chosen sports betting site and deposit the crypto into your account as you would with any other crypto. Depending on the site, wallet, and exchange you use, the methods may differ.
One of the easiest ways to start sports betting and a good place to use your SOC is on Sportsbet.io where everything’s been customized for easy, convenient use.
Next, just pick the sport you want to bet on and start placing your bets. It’s the same as betting on sports offline or with any other currency. Every sportsbook has its own way of making bets, so the instructions depend on your chosen site. If you want to sell your SOC back to crypto, just follow the reverse of what you did on your chosen exchange.
Because SOC is a crypto coin and exists mostly online, it doesn’t have a regional lock and can be used where some currencies can’t. Unlike fiat currencies, you can use it anywhere as long as the sportsbook is part of the All Sports platform.
Another advantage of SOC is that it’s designed specifically for sportsbooks. This means that unlike other crypto coins (which can be restricted depending on where you use them), as long as the sportsbook is available on the All Sports platform, you can use it wherever. Since crypto coins work on blockchain technology, you don’t have to worry about a third party handling your funds.
Additionally, the SOC platform is completely community-open. This means that all users (e.g. platform, users, developers) can create content and upload them freely. The content can range from prediction games to sports-related games.
Betting on sportsbooks has never been so easy. All Sports promises maximum ease of use and convenience for all its users, old and new, so start betting now. Once you give SOC a try, the odds of you sticking with it are pretty high.