Best Bitcoin Sports Betting Sites
It’s estimated that sports gambling will reach over US$155 billion in the next 3 years. While the world hurtles towards a thriving non-paper economy, we’re seeing more markets opening in the crypto betting industry, with Bitcoin still the king.
The best Bitcoin sports betting sites promise speedy transactions, low fees and a larger collection of sports for your crypto gambling needs. To make our top list of Bitcoin betting sportsbooks, bookmakers must be reliable, licensed and offer good odds.
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How to Deposit and Withdraw
Deposits and withdrawals with Bitcoin are a breeze. But before you get started at Bitcoin betting sites, you need a BTC wallet and coins. It’s not as daunting as it sounds. In fact, it only takes a few minutes to set up your BTC wallet and purchase cryptocurrency.
Once you’ve done that, you can choose a Bitcoin betting site from our top list to start betting at.
Below, we outline how to set up your wallet and start banking at the best Bitcoin sports betting sites 😊.
🙋 Bitcoin Betting FAQ
Frequently asked questions about Bitcoin Betting
Are Bitcoin Betting sites Legal?
While it depends on where you’re located, Bitcoin betting sites are mostly legal. Nobody has yet to be prosecuted for buying or betting with BTC. Just be sure to play at a licensed site from our top list of the best Bitcoin betting platforms.
Are Bitcoin Betting Sites Safe?
Yes. Legitimate and licensed Bitcoin sports betting sites are safe. Cryptocurrencies tend to be far safer than regular payment methods. They don’t share your personal details with anyone else. We check all the sites we recommend for legitimacy and reputation, to ensure you only play at safe crypto sites.
Is Bitcoin Betting Anonymous?
Yes! When you bet with BTC, you don’t need to hand over any bank account or personal information to the sportsbook. You just need an email address and your Bitcoin wallet to transfer and accept funds. Legit bookmakers request ID or other documents before you make a withdrawal, but if they didn’t, we’d question their safety.
Why is Bitcoin betting so popular?
Bitcoin betting serves up a host of benefits. BTC is digital and deposits and withdrawals are peer-to-peer, meaning your transfer times are greatly reduced. There’s no third party, either, to regulate the cryptocurrency. So, your sports bets can’t be traced. For bookies, there are fewer banking expenses, and that filters down to you in the form of better odds.
What is the best Bitcoin betting site?
The team of experts at Crypto Casinos has put together a list of the best Bitcoin betting sites, saving you a whole lot of time. All the sites we recommend are licensed, secure and offer top bonuses and betting markets for your sports betting fun.
Do Bitcoin Betting sites offer bonuses?
Absolutely! You’ll find a variety of bonuses on offer at Bitcoin betting sites. With more crypto sportsbooks hitting our screens, bookies are going all out to offer lucrative bonuses and promotions to get you to sign up and keep betting. Read an offer’s terms and conditions before you redeem it, and you’ll be able to make the best of the Bitcoin bonuses you find.
Can I pay with Bitcoin on all betting sites?
We have listed all the best Bitcoin betting sites for you to use BTC. While there are not as many sites as traditional payment methods, more are added all the time. So, keep an eye on our top list for the latest crypto betting sites and the best bonuses.
Can you play with real money on Bitcoin Betting Sites?
Yes, most of the BTC betting sites on our list also accept fiat money, especially when it comes to the big currencies like USD, GBP and EURO.
Set Up Your Bitcoin Wallet
Think of your wallet like a bank account. With it, you can send, receive and store your crypto. There are a few different types of wallets.
The most popular are:
Software wallet – installed on your computer or mobile device, a software wallet lets you store your BTC offline and offers high levels of security.
Web wallet – you entrust a provider to maintain security protocols and protect your crypto, with everything stored online.
Buy Your Bitcoin
You can purchase BTC from an online digital asset exchange using another cryptocurrency or fiat funds. Be aware of fees attached to your transactions before you even get started at Bitcoin betting sites. Once you’ve confirmed how much BTC you want to buy from an exchange, the crypto funds arrive in your wallet almost instantly.
Keep Your Crypto Safe
Never share your private key. Ever. And always keep it somewhere safe. If you forget your key, you won’t be able to access your Bitcoin ☹.
There are two main ways to store your crypto:
Online – provides quick access but may be vulnerable to attacks.
Offline – methods include paper wallets, a USB stick or an external hard drive wallet that you keep in your possession.
Now you’re ready to sign up to a Bitcoin betting platform and start betting on your favourite markets.
How to Deposit at Bitcoin Betting Sites
- Choose a Bitcoin sports betting site from our top list of bookmakers.
- Register an account and verify your details.
- Head to the banking options and choose Deposit.
- Choose Bitcoin as your preferred payment option.
- Link the sportsbook crypto address to your Bitcoin wallet and confirm the transaction (double-check the address before you confirm. Once your Bitcoin is gone, you can’t get it back).
- Transactions should take just a few minutes or less.
- The funds will reflect in your sportsbook account and you’re ready to start betting.
How to Withdraw Your Funds
- Head over to the Bitcoin betting site’s cashier.
- Enter the amount you want to withdraw.
- Enter the site’s wallet address and confirm your transaction.
- Your withdrawal should take around 10 minutes to complete.
Remember to take note of any withdrawal processing fees the bookmaker imposes so you’re not surprised when your transaction takes place.
On the whole, depositing and withdrawing with Bitcoin is much faster than using methods like a credit card, bank transfer and even certain e-wallets. Best of all, you can deposit and withdraw without the need to choose two different methods.
Advantages vs. Disadvantages
Bitcoin betting continues to soar in popularity for all the right reasons. Here are the main benefits of betting with BTC rather than fiat money:
Speedy transactions – with millions of bettors around the world trying their luck on sporting events, the ticker for events moves fast. Bitcoin betting sites offer up speedy user interfaces and transaction times to make sure you never miss out on the action.
Anonymous banking – cryptocurrencies are safe from the taxman, so you want your data to be as secure as possible at Bitcoin betting platforms. Bitcoin sportsbooks don’t require a ton of personal information, and your Bitcoin transactions are anonymous, so you can bet with peace of mind.
High security – safety and reliability are a big deal when playing at online Bitcoin betting sites. We only recommend the best Bitcoin sports betting platforms that are licensed and use additional security measures to keep your crypto safe.
Support for other cryptocurrencies – right now, hundreds of cryptocurrencies are traded around the globe, so there’s a need for sportsbooks to support a variety of digital currencies to cater to different customers.
With that in mind, there are just two things we want to point out. They’re not really downfalls of Bitcoin betting sites, but points we want you to keep in mind when you play with Bitcoin.
The small number of Bitcoin betting sites – while Bitcoin sports betting platforms are on the rise, there are still more fiat sportsbooks around. But our team has compiled a top list of the best crypto sportsbooks to help you find the perfect platform for your BTC betting.
The volatility of cryptocurrencies – profitability is an advantage of Bitcoin betting, but crypto can be volatile. The value of your BTC can plummet suddenly, resulting in losses. To avoid this, monitor the BTC value and make informed betting decisions.
The Importance of a License
Bitcoin is completely deregulated and anonymous. When it comes to online sports betting, you need to check the rules and laws of where you live. In most cases, it’s completely legal to play at Bitcoin betting sites.
But it’s important that you only play at licensed sportsbooks. Traditional online bookmakers are held to high standards of accountability. They must meet KYC requirements and their licenses hold them to stringent measures.
Bitcoin may be anonymous and deregulated, but a legit Bitcoin betting site will have a license – and you’ll find them here at Crypto Casinos. A sportsbook with a license means you don’t have to stress about unreliable withdrawals or not getting your hands on your winnings.
A license ensures the Bitcoin sportsbook isn’t going to go bankrupt anytime soon. It means you can play at a site that offers world-class security measures, on top of Bitcoin’s security, to keep your funds safe. The sportsbooks we list have a proven history of reliability, superior customer service and sound financial planning.
Bet on Different Sports
Plenty of Bitcoin bookmakers feature over 50 different sports, giving you tons of betting variety. We make sure that the Bitcoin betting platforms we recommend offer the top sports for your crypto betting needs. Popular markets include:
Football – the best Bitcoin betting platforms offer betting on top leagues, including the English Premier League, Serie A, La Liga and all the big tournaments.
Basketball – basketball is quickly gaining popularity in Asian markets, with the NBA being the most popular league on the globe.
Horse racing – having a flutter on the ponies is a popular pastime no matter where you live, and more Bitcoin sports betting sites cover both domestic and international events, including top races like the Dubai World Cup.
Cricket – from the Indian Premier League to the big T20 competitions, cricket fans can enjoy all the betting action at the top Bitcoin betting sites.
Tennis– the tennis calendar boasts four Grand Slams a year, and for BTC punters, this means never missing out on your chance to place an array of bets on the best Bitcoin sports betting platforms.
Boxing – another popular pastime with punters, we’re seeing more Bitcoin betting sites adding boxing to their list. Now, you can bet on your favourite combat sportsmen (and women) whenever there’s a match.
Mixed Martial Arts (MMA) – whether you can’t get enough UFC action, or you’re into dabbling with different martial art events, you can now bet with BTC on fights held every month – if not more often.
Global events – from Wimbledon to the FIFA World Cup, the huge Rugby tournaments and of course all the cricket action, you’ll find all sorts of ways to bet at Bitcoin betting sites – sometimes even live during the event.
What Bonuses are Available?
Bitcoin sportsbook bonuses are an excellent way to help your bankroll swell right out the gate. All the best Bitcoin betting platforms that we recommend offer a multitude of generous promotions to incentivise you to sign up and keep betting.
The most important thing is to take note of a bonus’s terms and conditions, along with wagering requirements and any limits on odds when using bonus funds.
Here’s a look at the most common online bookmaker bonuses.
Match deposit bonus – the most popular online bonus by far, match deposit bonuses are often rewarded when you make your first deposit at a sportsbook. For example, the Bitcoin bookie may offer a 100% match deposit bonus, giving you double the funds to bet with.
Free bets – Bitcoin betting sites like to reward punters with free bets to wager with. You can’t withdraw bonus funds, but anything you win off the free bet is yours to keep.
Bet credits – these are bonus funds the sportsbook adds to your account for you to bet with, but you can’t withdraw the credits, only any winnings you make from them.
Backup bet– this is a risk-free bet. With this promo, you make a wager according to the Bitcoin betting site’s terms of its promotion and if your bet loses, you get your stake back.
Bet & get – there are a few Bitcoin sportsbooks that reward you for making your first real money wager by giving you free bets. For instance, bet a certain amount and get a certain amount in free bets.
What other cryptocurrencies can I deposit with?
Bitcoin betting sites are the most popular around. Bitcoin holds the highest value and is the most accepted cryptocurrency the world over. It’s a good starting block, but remember there is the issue of volatility, so you might want to hedge your bets with other options.
The best sites on our top list of Bitcoin betting sites also accept other cryptocurrencies. Here’s an overview of the most popular.
Bitcoin Cash – since its split from Bitcoin in August 2017, Bitcoin cash has gained traction. It may be a separate entity from Bitcoin, but it’s widely accepted at the top Bitcoin sports betting sites and offers an alternative that’s just as safe as Bitcoin.
Ethereum – Ethereum is the second-most popular crypto after Bitcoin. While some sportsbooks don’t yet accept ETH, you’ll find that the major bookmakers on our list are happy for you to fund your account with this option.
Litecoin – think of Litecoin as Bitcoin’s clone, with a few other benefits. It offers faster transfers and makes use of a different encryption method. It also offers lower fees. It’s a fast-rising option in the sports betting arena and we’re finding it’s accepted at more and more Bitcoin betting sites.
These are the most popular and widely accepted crypto at sportsbooks, but there are plenty of options to look into. If you do a little homework, you’ll find bookmakers that accept a list of different cryptocurrencies to suit your betting needs. Just make sure the site you choose is licensed and above board.
Be aware that some Bitcoin betting sites convert your BTC into fiat funds to bet with, and then back to BTC when you’re ready to withdraw your winnings.