FAQs
Frequently Asked Questions
How is DGbet different from other popular sportsbooks?
Traditional sportsbooks mandate you to first deposit money into their platform before you can place any bets. Also, withdrawal of your winnings is at their sole discretion, so there's always a risk of them banning you without any explanation. DGbet is a 100% decentralized crypto sportsbook built atop public blockchains. So, unlike traditional platforms your funds always remain in your custody. Only your wagered amount gets locked into our transparent & secure smart contracts. Once the underlying event is resolved no one can stop you from withdrawing your winnings.
What is a Crypto Sportsbook?
It's an online platform where you can place bets on various sporting events using cryptocurrencies, instead of traditional currencies (USD, EUR, etc). Cryptocurrencies provide faster transactions, enhanced privacy and global access and hence is a superior alternative to traditional modes of payment.
Can I bet on sports using traditional money?
Our platform operates solely with cryptocurrencies. If you’re new to crypto, you can easily convert your traditional money into crypto through our recommended exchange partners. Check our Shop Crypto section in the navigation bar for various options. Make sure you have a self-custodial crypto wallet set up, before making the crypto purchase.
Which cryptocurrencies and blockchain can I use to place bets?
DGbet is built on three blockchains: Polygon, Gnosis and Chiliz. You can use USDT, wxDAI and wCHZ tokens respectively on these chains to place bets. However, one would also need the native currency of these chains - POL, xDAI and CHZ respectively - to pay for the network fees. Most of our users use Polygon blockchain, and have USDT and POL currencies in their wallets.
How do I login and deposit cryptocurrency into my account?
We support the use of all major non-custodial crypto wallets such as MetaMask, Coinbase wallet, Trust wallet, etc. To login you need to simply connect your wallet to our platform and that's it! There's no tedious sign-up process. Since we are a decentralized sportsbook, there's no need to deposit any funds before you can start placing bets.
Are my transactions secure on this platform?
Yes, betting on DGbet is extremely safe. We use audited smart contracts to execute all operations on-chain. This ensures that all transactions are completely trustless and scope for manipulation is eliminated. Blockchains are cryptographically secure by design and are hack-resistant.
When can I withdraw my winnings in cryptocurrency?
If you have won, withdrawal is available within ~30 mins of match end time. You can withdraw your winnings anytime without the fear of it getting lapsed. To withdraw, login and go to "My Bets" section. Search for your won bet. Click on the “Redeem" button and approve the transaction in your wallet to instantly receive the winning amount (aka payout). You will receive the winnings in the same cryptocurrency as you used to place the bet.
Is there a minimum deposit or withdrawal amount?
Not at all. We don't have any restriction in terms of minimum or maximum amount you can wager or withdraw. Not to mention that we cannot restrict any user or game individually. So, you can always operate without worries. That's the power of decentralization and trustless smart contracts.
Are there any bonuses or promotions?
Yes! We offer several exciting rewards and contests for every player, including loyalty programs, combo boosts, dual token drops, etc. You can find all the active rewards under the Promotions section. For new users we have special rewards, so don't forget to check them out.
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