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Betswap Review
YEAR EST. 2022
RATING
7.6
starstarstarstarstar
BOOK SPY
BOOK SPY

The pioneering bookmaker offers players infinite options as a hybrid betting platform, even in comparison with renowned crypto-betting sites. The brand is regulated by Curacao, in a unique setting where we see some kind of law applying to a blockchain bookie. Betswap hasn’t been online for a long time, but it has proven its technological edge throughout the biggest sports events of the past 2 years. When it comes to sports, the only bad thing I can mention is the low odds on secondary leagues or bets. But on the other hand, you can find payouts reaching a dizzying 97.35% on top competitions, and this is not easy to beat. You can find Player Specials for relatively unknown athletes, which is impressive. The tools are accessible and responsive, thanks to the Betbook UI designs. In terms of Web 3.0, this model offers clear pros and cons. In a few words, you have limitless options and zero protection. You can keep holding your money while you bet from your balance, and the algorithm flags or clears you with no risk of human mistakes. Finally, if you choose to transact with FIAT, you enter a grey area where you are unsure where lies the custody of your money and what personal information you should provide. I would recommend it to crypto-savvy bettors.

Betswap is a pioneering betting site that went online in 2022 and proved itself as a reliable decentralized sportsbook on Web 3.0 during the World Cup. One year earlier, the project launched through an ICO, distributing the native token BSGG to investors.

The software is owned by BSGG N.V., which is licensed in Curacao. However, the bookmaker boasts a trustless blockchain approach. They only manage certain aspects of the algorithm maintenance and ensure the token’s burning is working correctly.

This guarantees fair play and removes the responsibility of holding the bettor’s money. Therefore, the regulations will not apply to complaints of betting abuse by players or theft of funds by the company, as all of this is handled automatically through smart contracts.

The company targets players worldwide, with very few restrictions. Players who do not use FIAT transactions are unlikely to be controlled by KYC regulations. So far, the brand is getting good feedback from India, Nigeria, and Brazil.

In our Betswap review, we will examine the sportsbook and give a verdict on the brands’ claims of providing numerous betting markets, live streaming, and fast withdrawals.

Total Score

7.6

Betting Markets 7.7

Odds 7.8

Live Betting 7.9

Reliability 7

Payment Methods 7.7

Withdrawal Speed 8.2

Customer Support 8

Bonuses 7.6

Mobile 7.1

Sportsbook Experience 7.9

Players Rating: (1 Rate) 2.0

How the total rating is calculated

Why choose Betswap
Proven Non-Custodial Crypto Betting
  • 30 Sports
  • Ownership of Your Betting Funds
  • Huge Sports Betting Options
  • Bookings & Corners
  • Full Cash Out
  • Busy e-Sports Section
  • No Winning Limits
  • 24/7 Customer Support

Betswap Sportsbook Review

Fixed-Odds Section

The sportsbook offers up to 30 sports for pre-match betting, with high odds on a number of markets. Soccer has endless options, with up to 600 wagers on top-tier competitions such as the Euro Cup. You can select single and multiple bets ranging from Player to Team Stats and preset combinations.

Best of all, the highest payout on the website is found on these competitions for 1x2 bets, surpassing 97.00%. Some of the local matches in Asian countries have scattered player props among the regular bets.

The same applies to basketball, as we were able to find point bets for a couple of players in the Chinese NBL. There are plenty of other Alternative Lines for Handicaps and Totals. However, hoops fans will have to settle for lower odds between 93.00% and 94.50%, depending on the bet.

Tennis has more stable payouts, constantly hovering around 93.00% for main and secondary bets. The regular Game, Set, and O/U markets are found in a good number of pre-live competitions.

If you like eSports, Formula 1, MMA, or other popular wagering opportunities, you can seamlessly navigate through the fixed-odds section and find your favourite bet. Most of these sports will have special wagers, such as outrights and receive good live coverage.

In-Play Betting

Live betting is the brand’s shining star, providing good quality coverage, betting options, and relatively solid odds. Football maintains an above-average payout in-play with most markets scoring around 94.50% in our tests.

The prices do not drop very much in Live games, with the exception of basketball, which has an 8.50% margin. Still, you will find a huge number of markets and even Player Props in East Asian and Arab competitions.

Tennis offers exciting in-play opportunities with high payouts on secondary bets. Further offerings on the specific ongoing and next Game and Set resemble Fast Markets for tennis.

Sportsbook Features

If you want to take advantage of the impressive Live betting section, you will find streaming very useful. Betswap provides video coverage for most major events, local leagues, and eSports for free. All you need is an account.

Bet Builder is another highly abundant tool, and you will find it on most types of matches as well. You can use the Full Cash-Out. The platform aims to provide Betslips sale and purchase P2P. This feature is not implemented yet. Furthermore, it is clearly stated that you cannot do so without going through the website.

You cannot request a bet, but we haven’t seen limits on the amounts we were placing. This renders tools like VIP or Request Bet obsolete. In addition, the token’s whitepaper mentions that the project aims to establish an exchange betting platform. This means players will put their own bet and odds and it will be matched peer-to-peer.

The most notable features that are missing are Auto/Partial Cash Out and Quickbet, although the platform is quick to accept stakes.

Using Web 3.0 on Betswap

The bookmaker has a native crypto token, which acts as an investment opportunity for its holders as its value fluctuates in the marketplace. You can also provide DeFi liquidity to the token and betting site. Note that these tools are for advanced crypto users, and you might lose significant money if you do not know how to operate a DeFi wallet and its functions.

Besides the BSGG tab on the left side panel, you can also see the Staking and Airdrop tabs. Both features are outdated and only operational for early users of the platform who want to cash out their funds.

Nonetheless, as the name suggests, Betswap has a dedicated swap where players can track the coin’s price, provide liquidity or burn their tokens in a collective effort to boost BSGG’s value and users’ profits.

As a hybrid betting site, it also provides a traditional design and some options for FIAT deposits. This is where it gets a bit complicated. If you want to deposit with cards or e-wallets such as PaysafeCard or UPI in India, you will need to provide KYC information and give some sort of custody of funds to the company and third-party wallets.

All the transactions with FIAT and the crypto swapping need either an on-ramp or a payment processor. But if you keep your Web 3.0 connected and hold your crypto assets on it, you can use the advanced features to the max and keep ownership of your funds without risking their confiscation. However, you will be paying all the network and service fees.

Finally, we recommend you learn about smart contracts if you were to fund with certain tokens, as this might be the bookie’s strongest point. Some tokens will allow you to bet by transferring the crypto to the website. Smart contracts are how you avoid sending money and perform wagers from your secure wallet.

Other Info

You can set the website to 12 languages, including Turkish and Korean. 7 currencies are also available, with the possibility for Brazilians, Indians, and Filipinos to transact with their local money.

The blockchain betting site has worked on optimizing the website for all connected devices, as it wants to set an example of technological advancement. There are no native applications, which makes sense as application platforms might restrain the website's flexible regulations.

You can contact Customer Support any time of the day through their Live Chat, on their email, or by talking to mods on Discord and Telegram.

Betswap Info
Website
www.betswap.gg
Year established
2021
Online Since
2022
License Holder
BSGG Labs N.V.
Address
Zuikertuintjeweg Z/N, Willemstad, Curacao
Operating License
Curacao
Bookmaker Type
Asian, European

Betswap Deposit Methods

  Charge Min. Deposit
VISA Third-Party Fees $10  
Mastercard Third-Party Fees $10  
PayPal Third-Party Fees $10
Paysafecard Third-Party Fees $10
Bitcoin Blockchain Fees No Minimum  
Ethereum Blockchain Fees $10  
Bank Wire Third-Party Fees $10  
Astropay Third-Party Fees $10  
Google Pay Third-Party Fees $10
Tether Blockchain Fees $10  
USDC Blockchain Fees $10  
Tron Blockchain Fees No Minimum  
UPI India Third-Party Fees $10  

Betswap Withdrawal Methods

  Min. Withdrawal Time
VISA No Minimum 2-5 Days  
Mastercard No Minimum 2-5 Days  
Bitcoin 0.00032837 BTC 1-5 Hours Processing  
Ethereum 0.00603997 ETH 1-5 Hours Processing  
Bank Wire No Minimum 2-5 Days  
Astropay No Minimum up to 24 hours  
Tether $20 1-5 Hours Processing  
USDC $20 1-5 Hours Processing  
Tron 168.79 TRX 1-5 Hours Processing  
UPI India No Minimum 2-5 Days  
Betswap Pros
  • Few Country Restrictions
  • 30 Sports
  • 600 Football Markets
  • Asian Markets
  • Player Props in Many Sports
  • Cards & Corners
  • Bet Builder in Most Matches
  • Live Streaming
  • Full Cash Out
  • eSports Section
  • Diverse Payment Options
  • No Winning Limits
  • 24/7/Live Chat
Betswap Cons
  • Curacao license
  • Low Live Odds
  • No Quick Bet
  • No Partial/ Auto Cash Out
  • No Edit Bet
  • Limited FIAT Deposits
  • Possible KYC Requirements
  • Network and 3rd-Party Fees
  • Requires Advanced Crypto Knowledge
  • No APK Software
More information about Betswap

Customer Support

Support channels
Email, Live Chat, Telegram
E-mail
support@betswap.gg
Support languages
English

Betswap Betting

Min. Bet
$0.01
Type of odds
Decimal

Betswap Odds

Overall
94.50%
Football
95.50%
Basketball
93.00%
Tennis
93.20%

Betswap Login

Services
Bet Builder, Cash out Full, Live Streaming
Websites Languages
Chinese English French German Italian Japanese Korean Portuguese Russian Thai Turkish Ukranian Vietnamese
Restricted Countries
Afghanistan, Australia, Colombia, Cuba, Iran, Iraq, Ivory Coast, Liberia, Lithuania, Netherlands, Saudi Arabia, Sudan, Syria, UAE, UK, USA
Currencies
Bangladeshi Taka, Bitcoin, Brazilian Real, Ethereum, Euro, Indian Rupee, Nigerian Naira, Philippine Peso, US Dollar
Platforms
PC, Mobile, Tablet
App
No
Software
Proprietary
Products
Betting, Casino, E-Sports, Games, Live Casino
Esports
CS:GO, Dota 2, FIFA, League of Legends, Rocket League, Valorant, Starcraft II, King of Glory

Betswap Sports & Markets

Sports
American Football, Australian Football, Badminton, Baseball, Basketball, Boxing, Cricket, Darts, Entertainment, Field Hockey, Football, Formula 1, Futsal, Handball, Ice Hockey, MMA, Martial Arts, MotoGP, Motor Sports, Olympic Games, Politics, Rugby, Snooker, Table Tennis, Tennis, US Sports, Volleyball, 3x3 Basketball
Additional Betting Selections
Alternative Handicap Basketball, Alternative Handicap Tennis, Asian Bets, Cards, Corners, Players points basketball
FAQ
Q: Is Betswap safe and legit?

The company is regulated in Curacao. This means that it isn’t completely independent and has some sort of accountability towards its product. The technology, while it opens the door to many illicit activities, still gives you the highest security for your funds, including a non-custodial wallet.

Q: Which are the Betswap-restricted countries?

The website is accessible worldwide, but the bookmaker mentions some restrictions in its terms and conditions. These are mainly in the US, the UK, and UAE, in addition to countries on the international financial embargo list, such as Iran and North Korea.

Q: What payment options can I use?

The bookie provides payments from local and international banks and e-wallets, with transaction limits of €10-€1,000. Its prized payments are crypto transfers, stablecoin smart contracts, and connecting the Web 3.0 wallet to avoid using funds other than your current bet.

Q: Should I invest in BSGG?

The token has lost significant value since its ICO price, going through the crypto bear market. This means that the token’s price today is low, and you can buy some if you believe in the technology. DeFi investors can also take a look at the BSGG dashboard and perform extra tasks. Be very careful while attempting to fund the token, as these are tools reserved for financial experts.

Q: Is there a Betswap app?

There is no native app for iOS or Android devices, but the mobile site is quick and responsive. You can create a web app and access the bookie through a private window from the settings of any updated browser.

Q: How long do Betswap withdrawals take?

Crypto withdrawals might take up to 5 hours to process, while FIAT transactions can take anywhere between 1 to 5 days. The best method would be the use of smart contracts to avoid actual deposits and withdrawals.

Q: Where can I file a complaint against the bookmaker?

You can find 24/7 customer service on the website, talk to moderators on Discord and Telegram, or ultimately file a complaint with the Curacao licensing board. You must manage your expectations since you will find great technical support, but you cannot hold the bookie reliable for other matters as the algorithm guarantees fair play.

person

About: Betswap

2/10

Very complicated website. I tried to deposit but I noticed there were no e-wallets available. Also, some payments come with transaction fees. Better stay away!! 

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10 May 2024 Oliver (**.***) country

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