The rise of cryptocurrency has transformed the way we think about money, investments, and digital transactions — and it’s reshaping the world of online sports betting too. With the increasing popularity of Bitcoin and other digital currencies, more bettors are seeking fast, private, and user-friendly ways to fund their sportsbook accounts.

Two popular payment apps that have gained significant attention in recent years are Cash App and Venmo. In this article, we'll explore how these apps can be used to buy and send crypto, especially for funding betting accounts on crypto sportsbooks like Bet105, a platform built for speed, privacy, and sharp bettors.

Why Use Cash App or Venmo for Crypto?

Before diving into the benefits of using Cash App and Venmo for cryptocurrency transactions, let's first understand what these apps do.

Cash App is a mobile payment service developed by Square that allows users to send and receive money, as well as buy and sell Bitcoin. Founded in 2013, Cash App has become a popular platform for peer-to-peer transactions and cryptocurrency trading.

Venmo, on the other hand, is a mobile payment service owned by PayPal that allows users to send and receive money. While Venmo doesn't directly support cryptocurrency transactions, users can use it to fund their accounts on cryptocurrency exchanges or platforms that support Venmo.

Advantages of Using Cash App and Venmo for Crypto

Using Cash App and Venmo for cryptocurrency transactions offers several benefits.

When it comes to buying and selling cryptocurrency, convenience, security, and ease of use are essential. Here are some advantages of using Cash App and Venmo for crypto transactions:

• Convenience: Both Cash App and Venmo offer user-friendly interfaces that make it easy to buy, sell, and manage cryptocurrency.
• Security: Both apps provide a secure environment for transactions, with robust security measures in place to protect user accounts.
• Ease of use: Cash App and Venmo offer simple and intuitive interfaces that make it easy for beginners to get started with cryptocurrency transactions.
• Fast transactions: Both apps enable fast transactions, allowing users to quickly buy and sell cryptocurrency.

Using Crypto Wallets for Sports Betting

Once you've purchased crypto through Cash App or Venmo, the next step is using it to bet online safely, quickly, and without restrictions. This is where crypto wallets become essential.

Crypto wallets act as the bridge between your payment app and your sportsbook account. After buying Bitcoin or other supported cryptocurrencies, you’ll need to move your funds to a self-custody wallet or send them directly to your sportsbook’s deposit address — in this case, your Bet105 crypto wallet.

Why are crypto wallets important for sports betting?

• Speed: Transactions from wallet to sportsbook are often confirmed within minutes, allowing you to fund your account and place bets without delay — especially useful for live or in-play betting.

• Privacy: With no KYC requirements on Bet105, your crypto wallet lets you maintain full control of your identity and financial data.

• Global Access: Crypto wallets aren’t tied to a single country or banking system, so you can fund your sportsbook account from anywhere in the world.

• No Bank Interference: Since transactions don’t go through a bank, you avoid flagged deposits, declined transactions, or payment blocks often associated with gambling.

There are two main approaches to using wallets for sports betting:

1. Use a custodial wallet (like Cash App’s built-in BTC wallet) to send crypto directly to your sportsbook’s deposit address. This is the fastest method, but you have limited control and slightly higher privacy risk.

2. Transfer your crypto from Cash App/Venmo to a non-custodial wallet (like Exodus, Electrum, or Trust Wallet) first, and then deposit to the sportsbook. This adds a layer of privacy and wallet security, which many sharp bettors prefer.

To deposit into Bet105:

• Log in and copy your unique Bitcoin or stablecoin deposit address.

• Open your wallet and send the desired amount.

• Funds are typically credited after one blockchain confirmation.

Pro tip: For those betting frequently or in high volume, consider using stablecoins like USDT or USDC. They eliminate price volatility while still offering the same speed and privacy benefits.

Whether you’re betting pre-game or live, using a crypto wallet streamlines the process and gives you full control over your funds — a critical edge in sharp, real-money sports betting.

Buying Bitcoin with Cash App: Step-by-Step

Step 1: Download and Set Up Cash App

• Download Cash App from the App Store or Google Play
• Create an account using your email or phone number
• Link your debit card or bank account

Step 2: Verify Your Identity

To access Bitcoin features, you’ll need to verify your identity:

• Provide your full name, date of birth, and the last four digits of your Social Security number
• In some cases, you may need to submit a photo ID
  

Step 3: Add Funds to Your Cash App Balance

• Tap the Banking tab on the home screen
• Select Add Cash and enter the amount you want to add
• Confirm the transaction

Step 4: Buy Bitcoin

• Tap the Investing tab
• Select Bitcoin
• Tap Buy and enter the amount you want to purchase
• Confirm your purchase with your PIN or Touch ID

Sending Bitcoin from Cash App to Bet105

Step 1: Enable Bitcoin Withdrawals

• Tap the Bitcoin tab
• Select Enable Withdrawals and Deposits
• Follow the prompts to verify your identity, if you haven’t already

Step 2: Send Bitcoin

• Tap the Bitcoin tab
• Select Send Bitcoin
• Enter the amount you want to send
• Paste your Bet105 Bitcoin wallet address
• Confirm the transaction

Note: Always double-check the wallet address before sending. Crypto transactions are irreversible.

Buying and Sending Crypto with Venmo

Step 1: Set Up Venmo

• Download Venmo from the App Store or Google Play
• Create an account or log in
• Link your bank account or debit card

Step 2: Verify Your Identity

To use crypto features:

• Go to the Crypto tab
• Follow the prompts to verify your identity by providing necessary information

Step 3: Buy Crypto

• Navigate to the Crypto tab
• Choose the cryptocurrency you want to buy (e.g., Bitcoin)
• Enter the amount you wish to purchase
• Confirm the transaction

Step 4: Send Crypto

• Go to the Crypto tab
• Select the cryptocurrency you want to send
• Tap the Transfer Arrows icon
• Choose Send
• Enter the recipient’s wallet address (your Bet105 deposit address)
• Confirm the transaction

Note: Ensure the wallet address is correct. Sending crypto to the wrong address can result in loss of funds.

Alternatives to Cash App and Venmo for Crypto Transactions

While Cash App and Venmo are popular options for cryptocurrency transactions, there are several alternatives worth considering. One option is cryptocurrency exchanges like Coinbase or Binance, which offer a wide range of cryptocurrencies and advanced trading features. 

Another option is peer-to-peer marketplaces, which connect buyers and sellers directly. Additionally, some cryptocurrency wallets like Blockchain Wallet or Edge Wallet offer built-in exchange features, allowing users to buy and sell cryptocurrency directly within the wallet. Other options include platforms like PayPal, which has expanded its services to include cryptocurrency transactions, and specialized crypto payment apps like BitPay. Each of these alternatives has its own strengths and weaknesses, and users should research and compare them to find the best fit for their needs.

Some popular alternatives to consider:

• Cryptocurrency exchanges: Coinbase, Binance, Kraken
• Peer-to-peer marketplaces
• Crypto wallets with exchange features: Blockchain Wallet, Edge Wallet
• Specialized crypto payment apps: BitPay, Coinbase Commerce
• Online platforms: PayPal, Gemini

Tips for First-Time Crypto Users

• Start Small: Begin with a small amount to familiarize yourself with the process
• Double-Check Addresses: Always verify the recipient's wallet address before sending
• Be Aware of Fees: Both apps may charge fees for buying and sending crypto. Review these before confirming transactions
• Use Secure Networks: Avoid public Wi-Fi when conducting crypto transactions
• Enable Security Features: Activate two-factor authentication and other security measures provided by the apps

Security Measures to Protect Your Crypto Assets

When dealing with cryptocurrency, security is of utmost importance. To protect your crypto assets, it's essential to take several measures. First, use strong and unique passwords for your accounts, and consider enabling two-factor authentication to add an extra layer of security.

Additionally, keep your software and apps up to date, as updates often include security patches and fixes. It's also crucial to be cautious when using public Wi-Fi networks, as they can be vulnerable to hacking. Furthermore, consider using a hardware wallet to store your cryptocurrency offline, providing an extra layer of protection against online threats. By taking these measures, you can significantly reduce the risk of your crypto assets being compromised.

Some additional security measures to consider:

• Use a reputable antivirus software to protect against malware
• Regularly back up your wallet and private keys
• Use a secure internet connection, such as a VPN
• Monitor your accounts regularly for suspicious activity
• Consider using a multisignature wallet for added security