Have you ever wondered what it’s like to be a sportsbook and set your own odds? Thanks to the decentralised bookmaker and exchange Betswap, you can give it a try.
Betswap Sportsbook
Betswap is unique! Switch between a bookmaker and a betting exchange
Betswap is revolutionizing the sports betting industry. Not that there is anything exceptional about the betting exchange – the oldest ones have been around for years, but Betswap is the first decentralised betting exchange running on the Ethereum layer 2 blockchain. It is a decentralized autonomous organization (DAO), so it is not regulated and managed centrally. Bettors especially praise the instant money transfers and the fact that no identity is required.
Bonuses
Don’t look for bonuses at Betswap, it would be pointless. After all, it’s primarily a P2P betting exchange, so it wouldn’t even make sense. Bonus hunters and interesting promotions may not flourish here, but Betswap has completely different advantages. If bonuses are your main interest, check out our sportsbook reviews, you’ll find many great and easy to get bonuses there.
Registration
Setting up a new account is a piece of cake. And it’s lightning fast. It takes just two minutes to register. Just fill in the short registration form that opens, when you click on the “Sign Up” button in the header of the website, or you can register via Metamask or other crypto wallets (via WalletConnect protocol). If you choose to sign up through the registration form, you only need to provide the following information:
- login name
- password
After you fill in the necessary information and confirm the terms of use, you will receive an activation link to the email you entered. Please be patient, as the verification email may take a few minutes to arrive. Once you click on the confirmation link, your account is active and you can log in and start betting.
General information about Betswap
In 2022, Betswap kicked off a revolution in sports betting with the first decentralized peer-to-peer betting exchange built on blockchain. BSGG Labs N.V., a company incorporated under the laws of the island of Curacao, is behind the operation of Betswap. Only time will tell what impact, if any, the Betswap project will have on the transformation of online betting. However, we can already say that this is an interesting experiment that we want to be part of. At the top right of the website, you will notice a button to switch between the bookmaker and the betting exchange. So, if you want to bet the way you’re used to, keep switching to bookmaker mode. The betting exchange is more complicated. Unless you understand the value of the odds perfectly and you are a long-term profitable bettor, who devotes a substantial part of the day to betting, you’d better avoid the exchange or you’ll soon lose money. Think of the exchange as a marketplace that allows bettors to bet against each other for lower fees than those offered by traditional bookmakers. So you can not only bet on the event happening (a back bet – what you know from the bookmaker), but you can also bet on it not happening (a lay bet). This works by offering the market the odds you are willing to go for in this bet. You essentially become a bookmaker yourself. The most famous betting exchange in the world is Betfair, which you can access through the sportsbook Sportmarket.
Benefits and features (pros & cons)
Pros
- Bookmaker + betting exchange in one
- Instant payments via crypto wallet – Betswap doesn’t keep your money
- No customer authentication (KYC) required – Betswap runs on blockchain
- Cryptocurrency and FIAT (US Dollar) can be used
- Opportunity to use Betswap tokens (BSGG token)
- Large selection of esport titles
- 24/7 online support
Cons
- There is still insufficient liquidity on many markets on the stock exchange
- No entry or reload bonuses available
- The only accepted FIAT currency is USD (need to have AstroPay)
- Small range of sports and markets to bet on
- It is not a bookmaker, so it does not offer live streams
Betting markets
- 🥅 Sports: Football, Tennis, Basketball, Ice Hockey, American Football, Aussie Rules, Baseball, Cricket, Rugby, Volleyball
- 🎮 Esports: Arena of Valor, Counter-Strike, Dota 2, eBasketball, eFootball, HALO, Kings of Glory, League of Legends, Mobile Legends, Starcraft 1, Starcraft 2, Rainbow Six, Valorant
- 📽️ Specials: –
Mobile betting and app
It’s clear that most bettors nowadays use their mobile phones for their hobby and many bookmakers try to meet these demands by developing their own mobile apps. If you are one of the enthusiastic app users, we must disappoint you. Betswap doesn’t have its own mobile app yet. However, that doesn’t stop you from betting via your mobile phone. In fact, the website is fully responsive, which means you can happily place your bets from your mobile or tablet.
Money deposit and withdrawal
Not surprisingly, cryptocurrencies play a major role here. However, if you prefer FIAT currency, there is the US dollar available to deposit and withdraw via AstroPay. Cryptocurrencies supporters have many more options. After logging in to your account, click on the wallet next to your avatar and choose from the three blockchain standards (BEP-20, ERC-20 and TRC-20) and then select a cryptocurrency. Depending on the standard you choose, you have a choice of USDT, BUSD, BNB, ETH, USDC and TRX. Of course, you can also purchase cryptos with FIAT, via the payment gateways Onramp and Onramper.
- E-wallets: Astropay
- Cryptocurrencies: USDT, BUSD, BNB, ETH, USDC a TRX
Contact
Need help with a problem? There’s nothing easier than contacting support via online chat. The button to contact an operator is located at the bottom of the screen. Live chat support is available 24 hours a day.Other ways you can communicate with support are Telegram, Discord or email. It’s up to you what you prefer. However, if you need the fastest response, email won’t be the right choice. The wait for a response can stretch to several hours. You can also find a lot of general information about how Betswap works and about your betting account in the FAQ section, which can be accessed by clicking on the relevant section in the footer of the site.
- Online chat
- Telegram
- Discord
- E-mail: support@betswap.gg
- FAQ section
Specifications
©️Owner |
BSGG Labs N.V. |
🗓️Established |
2022 |
🖥️Devices |
Desktop, Mobile website |
📜License |
Curacao |
🎲Products |
Sports betting, betting exchange, online casino |
📺Live streams |
Not available |
💲Currencies |
US dollar or cryptocurrencies |
🗨️Languages |
English |
💳Payment methods |
|
👩💻Support |
|
💰Welcome bonus |
Not available |
Frequently asked questions
1️⃣ How does the Betswap betting exchange work?
The exchange operates on different principles than a bookmaker. The bettor has the option to place a bet as at a bookmaker (BACK) or to offer his own odds on the event not happening (LAY). Thus, the bookmaker does not act as an intermediary on the exchange, it is a P2P trade between bettors.
2️⃣ Can I bet at Betswap like at a regular bookmaker?
Yes, you can. Just switch to the bookmaker and you can place bets as you are used to from other bookamkers.3️⃣ Under what license does Betswap offer its services?
The international site is operated by BSGG Labs N.V. under a gaming license from the island state of Curacao.Don’t miss:
Source: betswap.gg
Michael Cermak
Discussion, comments and your experiences
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