Betcoin sportsbook review
Overall Rating
75 %
Betcoin Overview
This Sportsbook is over 10 years old – it was launched in 2013. In a way, that made me view the platform in a positive light, leading me to create an account. Subsequently, I found that the platform meets the regulatory compliance requirement, as it's licensed by the Government of Curaçao.
Play Responsibly
Key Facts We Discovered About Betcoin
- Public chat for sports bettors and casino players to discuss 24/7
- Gamebtr software with a wide range of sports and betting markets
- Modern user interface that’s easy to interact with
- High-quality real-time animation for live games
- Impressive reputation based on existing bettor reviews
The platform prioritizes live betting, as the live section is the default when you visit the website. You can switch to Prematch to wager on upcoming games.
An important detail to note here is that the operator features over 100 sports for betting. I’ve not found such an extensive count at many alternative sportsbooks.
Given these factors, I have given it a high 4-star rating out of 5.
This rating reflects the platform’s user experience, regulatory compliance, and sports betting options, but also considers various other aspects that influenced my overall assessment, which you’ll learn about as you continue reading.
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Pros
- Up to 10 popular crypto coins
- 100+ sports and eSports betting categories
- More than 300 betting markets for top sports
- Fast withdrawals under 2 hours
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Cons
- Difficult bonuses for sports betting
- No dedicated responsible gambling page
My User Experience on Mobile App and Website
At first, I wasn’t pleased that the operator didn’t have an app. If you’re particular about mobile betting like me, you’ll feel the same way. However, after testing the site mobile site on my iPhone, I must say it’s well-engineered.
From my first visit to when I wrote this review, I had no challenges navigating the mobile site. It has animation-like features, such as tabs and other elements that move stylishly as you switch sections.
You’ll notice it easily when you check the menu.
However, the aspect of the mobile site that boosted my experience was the double bottom tab. It’s pretty standard now for betting sites to have a bottom tab on mobile, but I’m yet to find two anywhere else besides this site.
The first features the Prematch and Live betting pages, while the second allows switching to general sections such as Casino, Sports, public chat, and main menu. Thanks to these features, my user experience on the mobile site was one for the record.
My Registration Experience
Creating my account took less than 3 minutes. If you call that fast, I agree, and here are the steps I took:
1. Launch the website and click “Sign Up”:
On the homepage, I tapped the red “Sign Up” button on the top right.
2. Enter details:
As the form requested, I had to enter my username, date of birth, email, and password.
3. Provide referral code:
If someone refers you to the site, this is where to enter their code. However, I didn’t have any, so I skipped.
4. Accept the terms and conditions:
For this step, I simply clicked the box to confirm I’m 18 years old and accepted the site’s T&Cs. Then, I clicked “Register” at the end.
5. Confirm email and finalize:
I was sent a Verify Email message. All I had to do was open my inbox and tap the button to confirm my email. Once done, I was officially registered.
Betcoin is an exclusive crypto sports betting platform. In other words, you can’t use fiat methods on the website. While accessing the payment options, I found that it’s only possible to buy coins with fiat via MoonPay.
How many cryptocurrencies does it have? Well, I counted 10: BTC, BCH, ETH, LTC, USDT, DOGE, SHIB, XRP, DASH, and XMR. That’s quite an impressive range, and I was able to deposit and withdraw with any.
- What’s even more commendable is that the site doesn’t have deposit limits. I tried a deposit using Bitcoin, and there was no minimum or maximum specified.
- However, this isn’t the case for withdrawals, as there’s a flat $5 minimum (equivalent in any crypto you use), although there’s still no maximum limit set.
The operator doesn’t set a specific fee for transactions. Instead, here’s what the platform says: Please keep in mind that there will be a blockchain fee associated with the transfer that your transaction will need to cover.
Indeed, I had to pay network fees for some transactions, but the rate was minimal.
When I made my BTC deposit, I got the funds in my wallet instantly. There was no delay. Meanwhile, my first withdrawal was via USDT, and it took about 55 minutes to receive the credit.
- To be fair, the site states that payouts can take up to 2 hours.
How Was My Deposit Process?
When I logged into my account, I had to deposit to start betting. If you’re familiar with how the process works at other crypto sportsbooks, you’ll have zero challenges with that on the site.
Check out the steps I followed below:
- Click wallet: I found a yellow wallet icon at the top of my dashboard, and I began by tapping it.
- Select cryptocurrency: From the 10 different coins the site features, I went for BTC.
- Copy deposit address: Next, I copied the Bitcoin wallet address generated on the next page. There’s also an option to use a QR code if you find that more convenient.
- Send the funds: For this step, I opened my crypto wallet and transferred Bitcoins to the site deposit address.
- Confirm the payment: I finally switched to the website to check my deposit. My balance read the exact amount of BTC I sent, so all was good.
How Did I Place a Bet?
Moving on, it was time for me to make my first bet and the whole thing wasn’t difficult.
This is how I went about it:
- Visit the sports section: From the left tab, I found the “Sports” option and clicked on it.
- Choose a category: The site features different sports, so I had to browse the categories and select one to bet on.
- Click on odds: While browsing the events in my selected sports category, I clicked on odds to make my bets.
I made 5 picks, and they accumulated on the betslip. - Place bet: I found the betslip at the top of the sports interface, clicked on it, and entered the amount I wanted to bet.
- Submit bet: First, I reviewed my picks, confirmed all was okay, and then tapped “Pay in” to submit the wager.
My Experience with Withdrawing Winnings
When it was time to withdraw, I still didn’t find the process challenging. If you get to this stage, however, there’s one crucial thing to do. You’ll have to visit your profile and set your primary currency. I didn’t find the option to choose a coin on the payout page, so the crypto betting platform went with my default choice.
Nevertheless, it wasn’t a hassle, and with that handled, here’s how I withdrew my winnings:
- Click wallet: Again, I tapped the yellow wallet icon at the top of my dashboard.
- Switch to withdraw: The default tab was a deposit, so I had to click on withdraw, which was third on the row.
- Enter wallet address and amount: The site provided two fields for me to enter my crypto wallet address and the amount I wanted to cash out. This was pretty straightforward.
- Submit: At the end of the payout page is a blue “Submit” button. Therefore, after entering the necessary details and confirming all was good, I clicked “Submit” to finalize.
As mentioned, the withdrawal time is 0 to 2 hours, and I received mine in under 60 minutes. This is general for all crypto coins.
Sports Betting
Betting Market – Over 100 Sports
I was able to bet on a huge range of 100+ sports categories. If you’re wondering how it’s possible for the site to support such a high count, it’s because the operator uses Gamebetr software. Gamebetr provides 120+ sports and eSports options to sites that use its services.
With such a high count, I wasn’t surprised that the operator features all top sports and also options that I never knew were possible to bet on. I found the ever-present soccer, basketball, tennis, baseball, handball, ice hockey, and volleyball. Then, I was also able to wager on snowboarding, short track, rowing, surfing, archery, and chess — unbelievable, right?
Odds
While I applaud the range of sports, I believe the platform’s odds competitiveness can improve. If you bet on top sports like basketball and soccer, you get margins between 5% and 7.5% margins. In other words, payouts when you win range from 92.5% to 95%. Since the margins are under 8%, I still rate them as fair. However, they’re not overly competitive, as I’ve reviewed some crypto sportsbooks with as low as 4% margins.
The odds are in decimal format by default, but the site also supports fractional and American. To adjust the format, I had to visit my account settings and select the Sportsbook tab.
I believe it’ll be more convenient if the site places the switch button directly on the sports betting interface.
Range of Bets
On a scale of 1 to 5, I’ll give its bet types a 6 – if possible! If you think I’m exaggerating, you can visit the sportsbook and confirm firsthand.
During my review, I found that the site supports as many as 300+ betting markets for top sports events.
I’ll illustrate with a popular soccer match I analyzed on the crypto sportsbook.
Here’s the rundown of the available bet types:
- Match: 59
- Totals: 55
- Handicaps: 22
- Halves: 106
- Minutes: 36
- Combos: 38
That’s 315 in total, and it’s clear that it covers all the main options. Interestingly, when I checked an NBA game, I found 363+ markets, which is even higher. So, the site’s betting range merits all the accolades it gets.
Live Betting and Streaming
Live betting on the website was quite an enjoyable process. If you visit the site’s sportsbook section, it loads default to the live betting section. I was impressed by how the events are arranged per sport, and I was able to wager on 20 to 100+ markets depending on the stage of the game. The operator highlighted the top markets, which made things easier.
Unfortunately, the site doesn’t support live streaming. However, there’s a pretty impressive live animation for ongoing games you can follow while wagering. Plus, the site displays real-time statistics, which I found insightful.
eSports Betting
Games – Over 15 Esports
The eSports section is just as impressive as that of traditional sports. If you’re interested in this section, you get over 15 games to bet on. I found all the top titles, including League of Legends, Dota 2, Counter-Strike, King of Glory, Valorant, Call of Duty, and eFootball.
Tournaments
If you visit the eSports page on the website, you’ll find the number on the “All eSports” icon. It boasts 430+ tournaments. From my research, here are the games with the most tournaments:
- League of Legends: 190+
- Valorant: 99+
- Counter-Strike: 65+
- Dota 2: 10+
With such a wide range, I didn’t miss vital eSports competitions while betting here.
Odds
From my calculations, eSports odds align with the standard in the betting industry. If you wager on 2-way markets, the average margin is 8% to 8.5%. Meanwhile, for 3-way markets, it’s up to 15%. When I adjusted the odds format via my settings, it also reflected on the eSports page.
Live Betting and Streaming
On the website, I was able to wager on ongoing eSports games. Interestingly, there was a Stream section when I clicked on each event, and the links came directly from Twitch. So, you won’t miss any of the 2 live options if you join the crypto sportsbook.
Betting Bonuses and Promotions
Based on my first-hand checks, Betcoin falls short when it comes to promotions. If you sign up as a new bettor, you won’t get a welcome bonus, as the site only has one for casino players.
Below are the few bonuses I found:
- Lambo Moon Parlay Bonus
- Sports ROI Hall of Fame
- Random Chat and Social Media Bonuses
- VIP Rewards
1. Lambo Moon Parlay Bonus
Description: Place parlays each win and earn a free bet
How It Works:
- Place an exceptional parlay bet
- Win the bet
- Get a free bet bonus
Experience: I never got to claim this bonus since the site awards it randomly to only one player who wins an exceptional parlay bet weekly. Based on my checks, an exceptional wager implies one that’s difficult to win.
2. Sports ROI Hall of Fame
Description: Get up to $100 if you top the leaderboard
How It Works:
- Place relatively high wagers to beat the current leader on the board
- Take over the first position
- Receive $100 in bonus funds
Experience: Again, I didn’t land this bonus as it’s challenging. When I checked, the current leader had a 14047.34% wager, and it was outright impossible for me to beat it and rank number one.
3. Random Chat and Social Media Bonuses
Description: Enjoy random bonuses by following the operator’s community
How It Works:
- Frequently visit the operator’s public chat section
- Follow the crypto sportsbook on social media
- Watch out for exclusive bonus offers
Experience: This bonus is all about chance since it’s awarded randomly. I had to follow it on Facebook, Twitter, Instagram, and TikTok to keep tabs. While I confirmed some bettors regularly get free bets and other perks, luck didn’t shine on me.
4. VIP Rewards
Description: Earn rewards for loyalty
How It Works:
- Constantly place bets and gather loyalty points
- Climb the VIP tiers for a higher status
- Claim exclusive bonuses and other perks based on your rank
Experience: As a new bettor, I was in Bronze III Level, and there were 19 tiers to climb to reach the highest Master rank. Nevertheless, as I reached Bronze II and others, I got lossback, betback, and rakeback bonuses.
Limits
The site sets quite affordable limits for wagering on sports.
- If you want to submit a bet, the lowest stake is $1.
- Meanwhile, the maximum is a significantly high $15,000.
While impressed with the max betting limit, I noted that the highest possible winning across all sports is $40,000. Additionally, I didn’t get responsible gambling tools to manage my personal betting limits.
How Did I Connect with Customer Support: A Step-by-Step Process
Reaching out to the sportsbook’s customer support service was pretty straightforward. If you have a question or inquiry, you can easily tap the Live Chat option on the menu. It’s my favorite channel, and you’ll appreciate it, too, if you want prompt responses.
When I launched the chat, I was connected to a bot.
However, the bot features 2 options: Talk to a Human or Create a Support Ticket.
- As I tapped the first, I was asked to enter my name and email before connecting to a human agent.
- If you go for the support ticket option, you’ll contact the site via email. So, expect replies from the support email.
Besides that, there’s also the Support Center with articles and guides.
License and Security – Is Betcoin Safe & Legit?
Yes, I can say that the site is safe and legit. If the platform wasn’t legit, I don’t think it would survive 10+ years in the crypto gambling niche. But it’s not only about the duration.
- The site boasts a license from the Government of Curaçao, which is notably renowned in the betting space.
- While reviewing the site, I confirmed it runs on SSL technology to encrypt data. However, that’s pretty regular, and almost all online platforms have it.
- What stood out for me in terms of security was support for 2FA, which I was able to activate via my profile settings.
Restricted Countries
Like any crypto sportsbook, Betcoin aims to serve bettors from all around the world. If you’re familiar with online gaming regulations, you’ll know that it varies from country to country. So, since the operator is regulated in Curaçao, it’s unavailable in locations where the jurisdiction’s gambling laws don’t apply.
From my findings, while reviewing the platform’s terms of service, you can’t create an account if you’re in any of the below countries:
- United States of America (including USA dependencies, military bases, and territories), Australia, Belarus, Belgium, Ivory Coast, Cuba, Curaçao, France, Italy, Liberia, Netherlands, North Korea, Portugal, Spain, Sudan, Syria, Turkey, United Kingdom, Russia, Ukraine, Kazakhstan, Aruba, Bonaire, St. Maarten.
What Do Player Reviews Say?
I explored the site’s reputation from reviews on Trustpilot and found that the site scores 4.2 out of 5.
It appears I’m not the only bettor who appreciates the site’s offerings. If you analyze feedback from other user reviews, you’ll confirm that they also hold the operator in high esteem.
Why does the platform have such a good reputation? As I read the user feedback, I noted that the main contributing factors were
- Diverse selection of sports
- Good UI
- Fast payouts
- Responsive and friendly customer staff
Having tested the platform first-hand, I can confirm that the upsides are valid.
Commitment to Responsible Gambling
As an expert bettor, I know the importance of staying safe. If the operator commits to responsible gambling, I’m afraid it doesn’t emphasize it. The reason is that the website has no dedicated responsible gambling page.
I had to explore the Support Center to get details.
Based on my checks, the site only supports cooling off/time breaks and self-exclusion.
- To activate any, you’ll have to message the customer support team.
I searched my profile and settings sections and found no options to implement limits on my deposits, wagers, losses, and sessions.
Did I Have any Problems Playing on Betcoin?
Yes, initially, I had an issue accessing the sports betting section. If you visit the site and check the sports tab, you’ll find 4 options:
- Gamebetr Sports
- Gamebetr Sports Live
- Betcoin.ag Sports
- eSports
That of eSports is quite clear, but I easily mistook the Sports sections. After adequately checking them, I found that both are distinct in interface and available options. For context, it was via the Gamebetr Sports page that I found the over 100 categories for betting.
However, I was able to stake on any section, and the sportsbook processes the betslips the same way. So, you can also go with any you want if you find yourself at the same crossroads as I did. In my opinion, it’s best for the operator to combine both to avoid confusing new users.
Comparison
Why Did I Rate the Betcoin Crypto Sportsbook 4.0?
Three factors that were decisive in my 4/5 score are:
- Range of sports and bet types
- Payout speed
- Reputation
The platform is reputable and legit, has a wide range of betting options, and cash out quickly when you win; what else can you ask for?
My 4/5 rating is close to its score on Trustpilot, and Casino Guru also assigns a very high 9.1/10 rating for this operator.
Final Verdict
Do I Recommend Betting at Betcoin? Yes, I do! If you need a crypto sportsbook where you can literally bet on any sport, this is a place for you.
Thanks to software from Gamebetr, the operator offers more than 100 sports categories and 300+ betting markets. It’s challenging to find an alternative site that beats such a count.
- What didn’t impress me during my review were promotions and responsible gambling.
Although there are no regular sportsbook bonuses you can count on the VIP club to claim rewards.
Additionally, there are several third-party tools you can use to control your gambling if you don’t mind the inconvenience.
- All in all, the key drawbacks of the platform are manageable.
When you compare the cons against the upsides, the latter weighs more without question, and you can anticipate optimal sports betting with cryptocurrency.
What is the Minimum Deposit at Betcoin?
There is no minimum deposit! Regardless of the coin you use, you can fund your account with any amount you want.
How Long Does the Withdrawal Take?
The site’s withdrawals have a standard processing time of 0 to 2 hours. However, from my first-hand experience, you can usually receive your money in a shorter time.
Can I Place Anonymous Bets on Betcoin?
Yes, you can bet anonymously on the platform since it uses cryptocurrency and blockchain technology. Note that you may need to complete KYC verification before withdrawing winnings.
Other Recommended Sportsbooks
A pro gambling writer since 2015, immersed in the world of crypto since 2016, Will built up a wealth of knowledge and experience in both crypto gambling and crypto betting, making him one of the most prominent voices in the industry. His high-quality reviews have been featured on prominent gaming platforms, making him a trusted authority in the field.
Nationality
British
Lives In
England
Facts Checked by Josip Putarek