Are you looking for crypto sports betting software? If yes, we have got you all covered here in this blog!
Crypto integrated sports betting allows punters to place bets on sporting events, leagues, and tournaments with the use of cryptocurrency. This type of betting allows you to bet in a transparent and secure manner. With the integration of blockchain technology in sports betting, you will get the advantage of a credible and reliable betting experience. The process of betting begins with a crypto sports betting event, league, and tournament.
Most of the crypto sports betting exchange software offers great odds, offers, and jackpots that enable users to offer great benefits to players. With the blend of Bitcoin and cryptocurrency, sportsbook software solutions offer punters a secure, safe, and competitive experience that is hard to find. The sports betting industry has been becoming robust and attractive enough to keep players intact and interested for a longer duration.
In this blog, we are going to discuss the major aspects of crypto sports betting software services, including key features, benefits, costs, and so on.
What is Crypto Sports Betting Software?
Crypto sports betting software is a betting software that integrates cryptocurrency as the method of transaction instead of real cash. It offers more convenience to users by making the entire platform faster, more flexible, and more secure. It is a decentralized sports betting software that integrates blockchain technology, recording every transaction in a very secure manner. This Software allows users to monitor their bets and keep track of their winnings seamlessly and efficiently. You can bet on your favorite sporting event or league that offers the great convenience and security of cryptocurrency.
Features of Crypto Sports Betting Software Development
The blockchain sports betting software offers numerous high-quality features, benefiting sports betting enthusiasts. Take a look at the below-mentioned features-
Blockchain Anonymity
As per the blockchain protocols, it keeps all its sports betting users anonymous and leaves no trackable money trail like other regular sports betting methods. It also offers utmost privacy by keeping the bets unidentified and the personal banking details safe from hackers.
Two-factor Authentication
This verification procedure adds more security to your online account. Signing in with the username or password allows you to add your mobile number for an extra layer of security. It decreases the chances of cyber attacks as your details are vulnerable to online hackers.
Extra Money Bonuses
Traditional bookies and sports betting sites started this trend to provide bonuses to users at the time of signing up. By continuing the trend, bitcoin sports betting software offers much higher bonuses and amounts for smaller wagers as well to attract more users.
Betting All Over the World
There are various places where betting is not legalized. As per the market stats, traditional betting is more prone to corruption from hackers and bookies. Cryptocurrency sports betting has provided people with a bigger world to work in and also the freedom to place bets without prosecution.
Low Transaction Fees
Efficient and faster withdrawals are the main features of crypto eSports betting. It provides a better way of submitting and sending cash to offshore bookies. It is faster than you think and includes a straightforward and painless procedure to transfer the funds back to fiat.
Benefits of Crypto Sports Betting Software Solutions
Here is the list of benefits of web3 sports betting software that you must be aware of:
Increased privacy
With the integration of blockchain technology, each and every transaction and bets are recorded in a safe manner.
Immutable data
Crypto sportsbook software allows you to keep punters’ data safe and secure because of the blockchain’s immutability.
Faster transactions
Our crypto-based betting software allows you to process faster and more seamless transactions without any technical hindrances.
Direct connection
There is no intermediary involved in the process of crypto-based betting software and there is a direct contact between the bookie and punters.
Accurate betting odds
Our decentralized sports betting software takes care of real-time stats, scores, and analytics of sporting events, helping punters make informed betting decisions.
Development Process Of Crypto Betting Software
Here is the list of steps that we follow to develop end-to-end crypto decentralized sports betting software from scratch:
Market Research
The first and foremost thing we do is market research which involves knowing your competitors, target audience, market trends, and dynamics. In this phase, we ensure to gather market dynamics to target the market effectively and efficiently.
Innovative UI/UX Design
After the research, we ensure to design innovative and creative design that caters to the demands and preferences of the target market. We leave no stone unturned to make it more intuitive and engaging for users, keeping users retained for longer.
Development
Once we are done with the design, we aim to create a reliable crypto betting software that aims to offer engaging and reliable betting experiences. We ensure to integrate the best and tech-advanced technologies, tools, and tech stack to offer a seamless and uninterrupted betting experience.
Testing & QA
After the successful crypto iGaming solution development and design, we aim to test the quality and performance of the crypto integrated betting software. With the help of integration, functional, and performance testing, we aim to remove all the bugs, glitches, technical errors, and faults of the software solutions.
Launch & Maintenance
With the help of top-notch digital marketing campaigns, content marketing strategies, and tools, we ensure to launch your platform in the market, along with maintenance services. We also provide timely updates and upgrades so that you stay ahead of the curve or competition.
The Cost of Crypto Betting Software Development
When it comes to the estimation of the development cost of a crypto casino software, the foremost factor to keep in mind is the nation where it is being developed. Other than that, for developing a sports betting script, you have to choose the platform like Android or iOS, the number of games involved in the app for placing bets, attributes, functionalities, UI & UX design, etc.
The development cost of a crypto sports betting app with advanced features and functionalities is around $20,000 to $40,000. It may go up depending on the complexity of your project.
Here is the list of the factors affecting the overall cost of the development:
- Experience of the development company
- Complexity of the features
- Location of the developers
- Design or interface
- Testing and QA
Why Choose BR Softech for Blockchain Sports Betting Software Development?
We hope you have all the necessary information required before investing in cryptocurrency betting software. In this blog, we have covered all the important elements significant for crypto sports betting app development, including features, challenges, development cost estimation, its future, etc.
If you are interested in blockchain Sports Betting software development, hire a sports betting app development company, BR Softech. Dealing with these cryptocurrencies is not easy, and it is rewarding for both the user and service provider, that is why it will be good if you take the services of our experienced and skilled developers.
Frequently Asked Questions
Q.1 Is cryptocurrency beneficial for Sports betting software?
Ans. Cryptocurrency is extremely beneficial for sports betting software development as it offers faster and safer transactions to all bettors worldwide. Unlike the traditional method, bitcoin casino software provides a reliable and credible platform that maintains the safety and security of the user’s personal information.
Q.2 How much does it cost to develop crypto betting software?
Ans. The cost to develop online crypto-based sports betting software is around $50,000 to $70,000. This development cost is not fixed and hence differs depending on different factors such as the location of the developer, level of features, graphics, customer support, testing, and marketing.
Q.3 What are the different types of sports betting cryptocurrencies?
Ans. There are different types of cryptocurrencies used by bettors worldwide. However, the most common crypto for sports betting includes Ethereum, Litecoin, and Bitcoin Cash.
