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Sign up today with Crpyto.com Sports to get in the action on event trading. Users can take advantage of the contracts before the start of the Super Bowl.
Crypto.com Sports is one of the newest prediction markets to enter the scene. New users can sign up with their crypto offers, which grant them up to 1 BTC in rewards. The reward amount is a surprise on signup. To claim the reward, you must trade at least $500 within your first 30 days of having a Crypto.com account.
My 3 Favorite Things About Crypto.com Sports
- Play with more than 350 supported cryptocurrencies
- Choose simple “yes or no” outcomes
- NFL and CFB positions available
Where I Would Most Like To See Crypto.com Improve
- Less cumbersome method to participate in Crypto.com’s sports trading
My Verdict on Crypto.com Sports
Crypto.com sports trading is a cool and interesting alternative to sports betting. I spent a few hours fiddling with it and enjoyed the structure and simple nature of how it all works.
I especially appreciated how easy Crypto.com makes its sports trading platform for people who may not be familiar with jargon, odds, and other sports terms. Instead, Crypto.com Sports offers simple “yes’ or “no” contracts. For example; you can select whether you think the Chiefs will win their upcoming game, with “yes” and “no” valued at specific prices, and a success would earn you $100.
The Crypto.com app is already polished and seamless for iOS and Android devices, and the sports trading section is built right into it. I got right into the swing of things within a few minutes on the app. The desktop site is equally easy to use. I consider it a benefit of a company that’s already intrinsically online.
My only gripe with Crypto.com Sports is the requirement to set up a USD Account to deposit into and buy cryptocurrency or contracts from. It’d be nice to have an easier or less cumbersome method to participate in Crypto.com’s sports trading. You can use a credit or debit card, but they charge a 2.99% fee.
All in all, I liked the promise of what Crypto.com sports trading offers. Read on for a detailed review of the platform.
Crypto.com Sports Sign Up Bonus
You might be wondering whether Crypto.com has a welcome bonus. The answer is kinda-sorta. There’s no specific Crypto.com Sports welcome bonus. Instead, you can claim the general Crypto.com offer, which gives new users a chance at up to 1 BTC worth of rewards.
It’s a good enough reason to sign up if you’re interested in cryptocurrency (Bitcoin specifically), though I’d like to see a Sports-specific welcome offer from Crypto.com in the future to incentivize customers to try it out.
Crypto.com promo code | Coming Soon |
Crypto.com welcome offer | Win up to 1 BTC worth of rewards |
Crypto.com Sports promo code | No code available |
Crypto.com Sports welcome offer | TBD |
Crypto.com Sports Events Contracts – An Easy Breakdown
Disclaimer: Just like at real money sportsbooks, there is never any guarantee of winning. In fact, you should probably expect to lose. Responsible sports players do. They play only for entertainment.
A Sports Contract is a selection of an outcome. These are structured in a simple “Yes” or “No” format. At the time of writing this review, the major available contracts were on Super Bowl winners and major college football games. Here’s a look at the available Super Bowl contracts as I tested Crypto.com Sports.
Each outcome has an attached price, which is the amount I’d have to pay to buy the “position,” as Crypto.com Sports calls it. Every contract pays the same amount if it results in a win: $100.
How do you place an event contract?
Buying a contract is simple. I started by hovering over the outcome I wanted to select—in this case, the Chiefs winning the Super Bowl.
The price showed as soon as I hovered over the “Yes” outcome with my cursor. All outcomes do this, so it’s easy to see what the price of a given choice will be. After I clicked on the price, this window appeared.
I could type in a quantity for the contract. In other words, if I typed in “3,” I would be buying three of the same contract for triple the price and triple the potential return.
To complete the transaction, I was required to create a USD Account.
Crypto.com accepts credit cards for cryptocurrency purchases, but there’s a 2.99% fee. The benefit here is that those purchases are usually instant, but the USD account option charges no fees.
How do you win an event contract?
The format of event contracts at Crypto.com Sports makes winning extremely easy to understand. Each contract is formatted like a question, such as “Will the Chiefs win the Super Bowl?” Since you buy a position of either “Yes” or “No,” all you need to do to win is see if you answer correctly.
Let’s use the contract I placed above as an example. If I bought one position on the Chiefs, “Yes,” to win the Super Bowl at $36.49. If the Chiefs emerge victorious and win the Super Bowl, I get $100 for selecting the correct outcome.
If the Chiefs didn’t win the Super Bowl, I would lose, receiving no return.
If I bought multiple “Yes” positions and the Chiefs won, I’d get $100 for each position.
What makes this different from traditional sports betting?
Event contracts don’t compare to sports betting beyond the concept of picking a potential outcome to hope for.
First and foremost, contracts have a set price. You can’t choose how much you’re paying. The only option you have is to buy multiples of a single position. Even then, the price stays the same; you just pay for it a number of times equal to the positions you buy (three positions equals three times the cost, for example). Sports betting is different in that you can choose how much to wager on a given set of odds. Even contracts at Crypto.com Sports are more rigid in their structure.
The second major difference is that you can sell your position after purchasing it. This can have two benefits. One is that you can recoup some of your money by selling a position that seems less likely to win now versus when you bought it. The more positive angle is that a position could go up in price and earn you a slight return, even if it’s not the full $100 you’d receive with a full win.
One final difference to keep in mind (at least for now) is that Crypto.com event contracts are currently available for professional and college football but no other sports. I imagine Crypto.com will start to offer more in the future, but this point is worth considering if you wish to make predictions on other markets. They aren’t yet offered at Crypto.com. Sports.
Where is Crypto.com Sports trading legal?
Sports Event Trading from Crupto.com is available in the United States and regulated by the Commodity Futures Trading Commission. This means you can buy positions from any US state at the time of this writing.
Available Markets To Trade
Crypto.com Sports currently offers football markets. The NFL and NCAAF are the main offerings, though the latter’s season just ended when I wrote this review.
Right now, that’s all Crypto.com has to offer. This is far from a huge blow, however, considering it’s a new-ish product the company is testing out. I can only imagine Crypto.com has plans to widen the scope of Sports Event Trading in the future, pending the platform’s success.
What’s missing from the library?
The simple answer here is that there’s a lot missing from the Crypto.com Sports library.
The real answer has much more context to it. Sure, I didn’t find NBA, NHL, MLB, PGA, or any other markets offered outside of football. However, the product is very clearly in its early stages and trying to prove itself as a viable alternative to formal sports betting.
If you’re eager to participate in predictions for other sports while waiting for Crypto.com to release more options, you can try other DFS and prediction platforms like Fliff, Sleeper, or ParlayPlay.
Bonuses, Promotions, and Special Offers
Note: Crypto.com Sports does not offer its own welcome bonus. This offer is for Crypto.com’s overall app and site.
The Crypto.com welcome bonus offers up to 1 BTC in rewards. The reward amount is a surprise. To claim it, you must trade at least $500 within your first 30 days of having a Crypto.com account. I couldn’t test the full bonus because my review budget was $20, and I wasn’t about to shell out $480 more to see what my reward was. Still, the promise of a reward for trading on the app is intriguing, especially if you plan to use your cryptocurrency to use the Sports section of the app.
Other missions are available for various prizes, including pools of cryptocurrency, tickets to major sporting events, and more. Check the “Missions” section of the app when you sign on to see what offers are available.
Other missions are available for various prizes, including pools of cryptocurrency, tickets to major sporting events, and more. Check the “Missions” section of the app when you sign on to see what offers are available.
Website and App Experience
Two words to describe the Crypto.com website: no frills. This is a good thing, especially for a new concept. The desktop site is simple and effective, with clear options and an intuitive design.
The image above sums it up nicely. Clicking the “Open Positions” button took me to see my current contracts. Clicking an outcome brought me to the page to buy the contract and type in how many I wanted. It was all very simple and easy.
Did I like the app?
My experience with the app was more or less the same. It’s not any different from the desktop site other than the platform it’s on. The mobile app has more options, as it’s the formal Crypto.com app and not a specifical Sports Event Trading app. If you’re not already interested in Crypto.com, this could presumably feel muddled. From my perspective, the app was fine for someone who is only interested in the Sports section. It’s clearly listed in the top navigation menu, and it’s easy to ignore the other stuff.
The app also has a section dedicated to Missions (and their corresponding promotions). While there are no Sports-specific promotions, the Missions can be a nice way to get chances at additional cryptocurrency or other prizes. These mostly hinge on your participation in other aspects of the app, though, so I wouldn’t consider them a draw unless that appeals to you.
Customer Support
Crypto.com has two primary avenues for support: an FAQ/Help Center and a live chat.
First off, accessing support has one too many steps as far as I’m concerned. You must click your account, then Settings, then scroll down to the “Support” section and choose either Help Center (which opens a new window) or Contact Support, which launches the chat.
I found the FAQ to be very helpful overallThe Help Center doesn’t have a dedicated “Sports” section, but I’m hoping Crypto.com adds it in the future. Instead, I just searched “Sports” and clicked the first result, which was a long and very detailed overview of Sports Event Trading and how it worked. A lot of the intricacies of the platform are explained in layman’s terms, and I was generally very happy with the quality of the page.
Method | Does Crypto.com have it? | How usable is it? |
---|---|---|
💬 Live chat | Yes | Iffy; I got a response quickly but when I asked my actual question the team took minutes to reply |
📱 Phone | No | N/A |
No | N/A | |
❓ FAQ | Yes | Robust and searchable—a great first stop for help with common issues |
How quickly did I get a response?
I tested the live chat option and had a slightly more mixed experience than with the Help Center. I had to jump through a few hoops before I could contact an agent. I intended to ask whether I can buy Cryptocurrency with a credit/debit card and then use it to buy positions in Sports Event Trading.
First, I clicked the categories I thought best fit for my question: Crypto Purchases, then Debit & Credit Card. The bot gave me a list of instructions on how to buy crypto with a card, which was helpful, but not exactly the information I was seeking. Next, I clicked “I need further assistance.” I got a generic message saying:
“Hello, this is the General Support team at Crypto.com. Go ahead and ask your question, we’re here to assist!”
I asked my question, then waited for a response. And waited. And waited some more. As of this writing, I typed in the question 10 minutes ago and am still seeing the three dots indicating an agent is typing. I’m hoping they respond by the time I finish this review. Note that I also tried starting over, turning off ad blockers and other plugins, reloading my browser, etc. Nothing worked.
My experience using Crypto.com Sports
My total time on Crypto.com totalled about two hours. This included signing up, verifying my identity, testing out the platform, exploring positions, downloading the app, and testing customer support.
The only major barrier to entry for some is the required Know Your Customer verification. I was required to upload a photo of my government ID and send a quick recording of my face via a third party app. It took maybe two minutes overall, so it’s not too cumbersome. You’d find similar practices at real money betting sites, too.
Did I feel safe using the site?
I have reviewed dozens of online platforms in my time as a writer, and that includes a lot of sketchy and suspect sites that made me hesitant to share my information. Crypto.com, on the other hand, felt like one of the single safest places in terms of protecting my data. Note that I can’t speak to the quality of crypto wallet security, as I don’t peddle in that space, but the general security features were excellent, exceeding my admittedly high standards.
A few features led me to make these claims. First, the sign up process was rigorous. I had to verify both my email and phone number for the app and the desktop site, separately. I also had to set a passcode, which Crypto.com’s app had me enter whenever I opened the app or whenever the app was moved to the background and I went to resume browsing in it. It also did a Face ID check in addition to requesting the passcode.
The sign-up process also requires identity verification, which gave me some extra peace of mind.
How does Crypto.com Sports compare to other top trading platforms?
Crypto.com Sports isn’t the only platform blazing this new alternative to sports betting. Here’s how it compares to its top competitors.
Trading Platform | Markets Offered | Deposit Methods | Can you sell your positions early? |
---|---|---|---|
Crypto.com | Sports (NFL, CFB) | Debit Cards, Bank Transfer, BTC, USD | Yes |
Kalshi | Sports, Politics, Economics, Culture, Climate, Financials | Debit Card, Bank Transfer, Crypto (USDC) | Yes |
Polymarket | Sports, Politics, Crypto, Pop Culture, Science, Business | Debit Card, USDC | Yes |
If you’re still on the fence about Crypto.com Sports…
- Consider its availability across all the US
- Download the app—it is well-designed and seamless
- Take a look at the Sports section—it’s incredibly simple and doesn’t bog you down with jargon
- It’s worth a try if you already plan to buy Crypto, as it has many options and coins to purchase