Bitcoin betting sites accept cryptocurrency payments, thus bringing benefits that outweigh those of traditional bookmakers. Most of their services remain the same, but you can get anonymity, fast transactions, better odds, and exclusive bonuses. Also, they often allow a wider betting range than fiat bookies. Let’s review the best Bitcoin & crypto sports betting sites and cover their benefits. You will also learn how to get BTC most reliably and efficiently.
Top Bitcoin Betting Sites
- BC.Game – Best Overal Bitcoin Betting Site
- N1Bet – Best for Live Betting
- Stake – Best for Cashback Bonus
- Sportsbet.io – Best for Sports Variety
- Crashino – Best for Trying Provably Fair Games
- Cloudbet – Best for Unique Bonus Wagering
- Vave – Best for Crypto-Only Betting
- CryptoLeo – Best for Rapid Crypto Payments
- FortuneJack – Best for eSports
- Nitrobetting – Best for Retaining Anonymity
Best Bitcoin Sportsbooks Reviewed
Crypto sports bettors are on an endless search for the most suitable betting sites. Fortunately, our sportsbook reviews make it simple to find the best one. Just settle down and read what we have prepared, and finding the best crypto sportsbook will be a walk in the park!
1. BC.Game – Best Overall Bitcoin Betting Site
BC.Game is one of the most impressive crypto betting sites on the market. It covers a huge range of sporting events, has excellent markets, and even features a fantastic daily bonus wheel. As a result, it makes it simple for users to grab some free crypto and play for free! Up to 1 BTC is available, and there are no wagering requirements, so it’s the perfect bonus!
The daily bonus wheel is in lieu of a welcome bonus, so although there’s no chance for a huge initial boost, bettors can claim constant bonuses to facilitate continuous play. The sports choice covers the majority of available sports, with each event featuring plenty of prop bet markets. Users looking for something different can also enjoy a crypto casino, meaning there’s one of the most varied gambling selections in the industry at BC.Game.
Of course, privacy is one of the most sought-after features at crypto betting sites. BC.Game provides players with the chance to retain their anonymity. There are no KYC checks when creating an account, however, users may have to complete the process if the site believes they are behaving unlawfully.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| Daily wheel spin | N/A | $10 min deposit | 16 cryptos |
Pros
- There’s the potential to play anonymously with BC.Game
- Each spin of the daily bonus wheel allows for up to 1 BTC to be won
- Sports players can claim regular promotions here
- There are no wagering requirements on the daily wheel spin
Cons
- No traditional welcome bonus is available
2. N1Bet – Best for Live Betting
Sports bettors often ignore live betting due to not fully understanding it. However, it’s one of the best ways to find good value bets, especially when combined with research. So, it’s fantastic to see N1Bet providing users with an excellent in-play betting selection. It makes it simple to place a live bet and has a rapid odds update system. Perfect for anyone looking to discover the best possible wager. N1Bet also provides a 20% matched free bet on the first deposit players make. So, with a risk-free chance available, there’s plenty of opportunity to find good value with N1Bet.
N1Bet features a solid sports betting selection, with most sports, from soccer to volleyball, available. As already mentioned, live betting is fantastic, but there’s also a wonderful selection of betting markets. The prop bet choice is awe-inspiring, making placing a wager with relevant research behind it easy.
There is a KYC policy at N1Bet. Although the site tends to leave crypto bettors alone, it reserves the right to ask for identification. So, users must keep their details ready, but as long as they behave sensibly, they can remain anonymous.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 20% free bet on initial deposit for sports bettors | No Wagering | 0.0001 BTC | 6 |
Pros
- Superb choice of in-play betting options
- Wonderful selection of sporting events
- The free bet doesn’t have any wagering requirements
- Lots of markets available for sports bets
Cons
- The live chat uses an AI bot to initiate a conversation
3. Stake – Best for Cashback Bonus
Although Stake Casino is the site’s name, it still provides fantastic sports betting options to players. However, the cashback is what really makes it worthwhile, with the ability to grab a percentage of net losses great to see. Sports bettors will have a lot to enjoy about Stake Casino.
The welcome bonus at Stake rotates regularly, but a 200% matched bonus of up to $1,000 is often available. The wagering requirements typically stand at 40x, which is a bit higher than other sites on the market. Stake also has fantastic sporting events and markets, ensuring sports players can find whatever they want to wager on. The cashback promotion is also outstanding, so even after a bad week, users can claim some extra funds back.
Stake has superb customer support in place. Live chat and email are available, so there are plenty of ways to get in touch. One minor downside is the KYC policy. Bettors must verify their identity before they can play. So, anonymity isn’t possible with Stake. It’s disappointing for crypto bettors as privacy is a big part of the crypto community.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 200% up to $1,000 | 40x | $20 min deposit | 8 cryptos |
Pros
- The welcome bonus regularly rotates, so provides a variety of choices
- Excellent cashback promotion is available
- Top-class sports betting events and markets
- Provides outstanding crypto casino games
Cons
- KYC is a requirement at Stake Casino
- Some withdrawal methods have fees attached
4. Sportsbet.io – Best for Sports Variety
The name is a bit of a giveaway, but Sportsbet.io has one of the most incredible sports selections on the market. There’s genuinely almost every possible sport available here. It makes it excellent for users who love finding good value on niche options. There are also some superb payment choices, which are perfect for crypto players.
Users can enjoy a massive range of different sporting events with Sportsbet.io. There are many sports available on this site, which is fantastic for bettors with less prominent tastes. The markets also offer impressive options, so the bet selection is amazing. Although it’s mainly a sportsbook, some casino games are also here. Unfortunately, there are no welcome bonuses here, which is a disappointment. Providing more sports promotions would be a positive addition, but Sportsbet.io focuses mainly on its bet features.
Sportsbet.io provides fantastic customer support to users. It provides fast answers to issues, and the operatives are helpful. Unfortunately, Sportsbet.io has one major problem for crypto bettors. There’s a KYC policy here, so bettors may have to complete verification to use the site. It’s unfortunate as many crypto players prefer to remain private when betting.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| No welcome bonus | N/A | 0.0005 BTC min deposit | 11 cryptos |
Pros
- KYC isn’t a requirement straight away, so there is the possibility of anonymity
- Many different sports betting choices are available
- Great choice of different cryptocurrencies
- Players can try crypto casino games
Cons
- Players are unable to claim a welcome bonus at Sportsbet.io
5. Crashino – Best for Trying Provably Fair Games
There are so many fantastic sports betting choices at Crashino, but it also offers some impressive other options. Crypto is synonymous with innovation, and one of the biggest examples is provably fair games. Crashino has a great choice of provably fair options, which is highly valuable. It fits perfectly for sports bettors, as with sensible research and strategy, users can increase their chances of winning. It offers something different from other sports betting sites, helping Crashino to stand out.
Despite the excellent provably fair titles, sports are what people really come for. Crashino has exceptional sporting events covering the NFL, NBA, NHL, soccer, and more. There are also great betting markets, making finding good value easier with effective research. Crashino also has an impressive welcome bonus, although mainly geared toward casino betting.
Fortunately, Crashino doesn’t require bettors to complete the KYC process. As a result, there’s the ability to play anonymously at Crashino. It’s excellent to see this option, as crypto users prefer to bet privately.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 100% up to $200 and 300 free spins | 40x | $10 | 10 |
Pros
- Crashino doesn’t require players to complete KYC
- Some superb provably fair casino games
- The sporting events and betting markets are high-quality
- There’s a great welcome bonus in place
Cons
- The wagering requirements are above the market average
6. Cloudbet – Best for Unique Bonus Wagering
Cloudbet is one of the most well-known crypto-betting sites in the industry. What’s helped it to stand out is its innovative wagering system. It makes Cloudbet more interesting and unique than other sportsbooks. It’s also much easier to understand, which is always a positive factor.
Before getting to the wagering, the welcome bonus itself is substantial. Bettors can claim a 100% matched bonus to a maximum of 5 BTC. It’s one of the biggest available and very appealing to users. The wagering requirements work by releasing portions of the bonus as players complete the wagering. So, bettors don’t have to complete the whole process before accessing the bonus. It’s extremely innovative and provides something different to users. Additionally, Cloudbet delivers a wonderful choice of sports, featuring almost everything anyone could think of. It also adds a comprehensive selection of betting markets, ensuring players can easily find the best bet for their needs.
Unfortunately, Cloudbet requires players to complete KYC when signing up. As a result, bettors must provide documents to complete the registration process. As expected, Cloudbet has industry-leading customer support, which ensures issues are resolved effectively.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 100% up to 5 BTC | Bonus released as players play | 0.001 BTC min deposit | 18 cryptos |
Pros
- Cloudbet has fantastic sports, eSports and betting markets
- Massive welcome bonus of up to 5 BTC
- Superb choice of cryptocurrencies
- Some of the most innovative wagering requirements
Cons
- Players must complete KYC to create an account
7. Vave – Best for Crypto-Only Betting
Vave stands out from many other crypto sportsbooks by purely featuring crypto betting. Unlike other sites, there are no hybrid payment methods here. So, it is a blockchain-only betting site. It certainly helps it to provide a complete crypto experience with rapid and secure payment methods.
Although seeing a crypto-only site is excellent, players still want access to high-quality betting options. Fortunately, Vave isn’t a disappointment. It has a top-class choice of sports, with eSports part of the selection. The inclusion of eSports is great to see, especially due to the link between crypto and eSports. There are also some superb betting markets, making it easy to find the right wager. Users looking to boost their bankroll can also do so with Vave. The welcome bonus is a 100% matched bonus of up to 1 BTC. While the 40x wagering requirements are slightly high, the bonus is still impressive.
There’s no KYC with Vave, making it excellent for crypto bettors who value privacy. It matches up even better due to Vave being a pure crypto sportsbook. Playing without completing the verification process ensures users don’t have to worry about stolen details.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 100% up to 1 BTC | 40x | 20 USDT | 8 |
Pros
- Players can claim up to 1 BTC as a 100% matched bonus
- There’s no need to complete KYC to start playing with Vave
- Lots of different markets to complement the sports and eSports choices
- Crypto-only so there are no issues with fiat
Cons
- The welcome bonus has quite high wagering requirements
8. CryptoLeo – Best for Rapid Crypto Payments
CryptoLeo is one of the newest sites on the market, but it’s built up a fantastic reputation quickly. Part of its top-notch reputation is due to its rapid crypto payment processing. Bettors don’t have to wait long to claim payouts, so access to winnings is fast. However, the withdrawal limits are slightly low, which means significant wins may take a few days to complete.
The sport selection at CryptoLeo is fantastic. Bettors can enjoy access to various sports, including Soccer, NFL, NBA, MLB, NHL, Golf, Tennis, and more. As a result, almost every player can find the sport they want. The markets are also superb, allowing users to find the best wagers and the top value. CryptoLeo also features over 4,000 crypto casino games, providing another way for bettors to gamble. Having the choice available is great, as many players enjoy variety. Unfortunately, there’s no welcome bonus at CryptoLeo currently. However, this may change as it updates its bonus structure. All promotions have wagering requirements of 40x.
Unfortunately, there is a KYC request when creating an account at CryptoLeo. So, bettors must verify their identity as part of the sign-up process. It removes anonymity, an issue for crypto players who want to retain their privacy.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| No Welcome Bonus | 40x | $5 | 11 |
Pros
- Rapid processing of crypto payments
- Superb sportsbook is in place
- More than 4,000 crypto casino games
- Excellent choice of cryptocurrencies
Cons
- There’s no welcome bonus available to new players
9. FortuneJack – Best for eSports
FortuneJack offers bettors an incredible selection of sports. However, crypto players often have a different desire regarding the sport choice. Crypto and eSports share a common link as they have often provided help to each other in terms of mainstream acceptance. FortuneJack sticks to this tradition by offering one of the most impressive eSports selections on the market. Any gamblers searching for a top choice of video game betting can discover it here.
There’s also an incredible welcome bonus at FortuneJack, as players can claim up to 6 BTC as a 100% matched deposit. It’s great to see the bonus set at this level, and the 30x wagering makes it even more impressive. Many sporting events are also available, with top-class markets, ensuring a fantastic betting choice for crypto users.
A minor downside to FortuneJack is the presence of a KYC policy. So, users must complete the verification process before creating an account. Anyone looking for anonymity can’t find it here, so private players may want to look elsewhere. However, the customer service is outstanding, so any issues players have can find a resolution without too much trouble.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 100% up to 6 BTC | 30x | $20 min deposit | 9 cryptos |
Pros
- There’s a superb eSports selection at FortuneJack
- The welcome bonus is one of the most substantial available
- FortuneJack has a fantastic loyalty scheme
- Excellent sports betting is available here
Cons
- There is a KYC policy in place
10. Nitrobetting – Best for Retaining Anonymity
Nitrobetting isn’t one of the better-known crypto sportsbooks on the market. Although it has an excellent reputation with players, it’s not widespread yet. However, it is one of the few crypto sportsbooks which allows players to remain anonymous even with a KYC policy. As a result, bettors can enjoy the high levels of safety the site provides while retaining their personal and financial privacy. It makes Nitrobetting an extremely appealing betting site.
The overall experience at Nitrobetting is absolutely fantastic. The sports betting choice is peerless, ensuring users can always find the best bets, covering many events and boundless markets. It also offers an excellent welcome bonus for sports players. With 25 mBTC as a matched deposit and just 17x wagering requirements, it provides a solid bonus with a low barrier to entry. There are also fantastic crypto casino games for bettors who want a different betting opportunity.
KYC isn’t too much of a problem with Nitrobetting. Although there is a policy in place, as long as users don’t behave suspiciously or break the law, Nitrobetting doesn’t tend to ask for verification. Additionally, even if players do have to complete the process, using crypto payments ensures banks can’t track what is happening with payments. As a result, financial privacy is always available.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 100% up to 25 mBTC | 17x | 0.0005 BTC | 1 |
Pros
-
- Financial privacy is a guarantee with Nitrobetting
- As long as bettors behave legitimately complete anonymity is possible
- There’s an excellent welcome bonus with Nitrobetting with low wagering requirements
- Nitrobetting has an excellent choice of sports with superb markets
Cons
- Suspicious behaviour may require a KYC check
Top Bitcoin Betting Sites Compared
| Operator | Bonuses | Wagering | Payments | Reputation | Pros | Cons |
|---|---|---|---|---|---|---|
| 180% deposit match | Wager – free | 18+ cryptos | Licensed, high reputation | Extensive betting markets, Many crypto payment options | Transaction fees, 6-hour checks for transactions |
| 50% up to $200 | Wager – free | 6 cryptos | Licensed, high reputation | Players can use multiple cryptocurrencies on a single account, Licensed, high reputation | Withdrawal limits are pretty low |
| $75k weekly raffle | Wager – free | 19 cryptos | Licensed, high reputation | Live streaming for esports, Licensed, high reputation | Only live chat available, No mobile app |
| None | Nil | 11 cryptos | Licensed, high reputation | Extensive in-play events, Partnership with popular clubs | Weak customer service, No welcome offer |
| 100% multi bonus | None | 12 cryptos | Licensed, high reputation | Live streaming is available, Well-designed platform | Few crypto methods, Few promotions |
| None | Nil | 12 cryptos | Licensed, high reputation | Extensive live betting market,Fast payment options | No live streaming, No mobile app, Restricted in most major currencies |
| 100% Cashback up to 1 BTC | 5x | 8 cryptos | Licensed, high reputation | Wide range of markets for sports, Great VIP program | No mobile app |
| N/A | N/A | 10 cryptos | Licensed, high reputation | Superb live chat and other support options, Licensed, high reputation | The overround is quite high |
| 100% of your stake as FREEBET | Wager – free | 12 cryptos | Licensed, high reputation | Lots of accepted cryptocurrencies, Licensed, high reputation | KYC required, No mobile app |
| 100% up to 25 mBTC | 17x | 1 cryptos | No license | Good option for US bettors, Longstanding trusted operator | Only Bitcoin supported |
Factors to Consider Before Selecting a BTC Sportsbook
Here are a few things to know when selecting a BTC sports betting site.
Secure Crypto Payments
Your details remain private, and there is no need to share them during transactions. A wallet address or QR code is all you need to make deposits and withdrawals. As a result, you can keep all sensitive information to yourself.
Fast Transactions
Cryptocurrency payments are secure, but they are also fast. Their speeds are markedly quicker than what you would get with traditional Fiat options. Moreover, it takes a few minutes to confirm a transaction in cryptocurrency. Deposits run like the wind. Withdrawals are a bit behind, too, as the money will appear within minutes. The only thing holding you back would be the casino’s approval.
VIP Programs, Bonuses, and Promos
Even high rollers expect to benefit from their investment in a BTC sportsbook. You should know that these sites have unique approaches to rewarding their players. While they are generally good, some outdo others. Think about the welcome bonus, but continue. Look for the benefits of playing regularly on the site. That is how you get the best out of the best.
Restricted Countries
It is easy to mistake crypto sportsbooks for being universally available in all regions. However, that is not the case. Crypto payments may be universally available, but online betting is not. First, you must confirm that your local laws allow online betting. Then, you can look for a BTC sportsbook licensed to offer services in your region. Check the list of restricted countries to make sure yours isn’t on it.
Low Crypto Transaction Fees
Cryptocurrency transactions are not entirely free. Some BTC sportsbooks will require players to include the gas fees when depositing into their accounts. Hence, you should always check the payment options.
Equitable Deposit & Withdrawal Limits
We often don’t want to spend much when starting at a new BTC sportsbook. As a result, those that favor lower deposits are more attractive. Players can taste the experience without spending much. A similar thing, but in reverse, applies to the withdrawals. There should be a reasonable limit to how much players can withdraw from their accounts.
Diverse Selection of Crypto Betting Markets
Here is where the spice of a BTC sportsbook lies. Moreover, we place bets on sporting events in the crypto betting markets. The better the market, the better the experience and opportunities. This consideration goes beyond considering the quantity. You must also consider the quality of the featured betting markets.
Reputation and Trust
Reviews make it easy to spot a reliable platform. While you shouldn’t rely solely on them, they often point the light in the right direction. That is because they contain the real experiences of other players. A BTC sportsbook that is recommended by many certainly has a good reputation. Then, you can confirm other features like licenses, certificates, and endorsements.
Sports, Lines, and Odds Available
You have your favorite sports and odds you prefer to put on your betting slip. However, there is no fun in being limited when you can explore other sports and lines. The best BTC sportsbooks try to cover as many sporting events as possible, but you must run through them.
Good Betting Features & Resources
You will be on your way to getting the best BTC sportsbook with the above factors. Nevertheless, your considerations will only be complete with the features and resources listed. Analytics, statistics, live streaming, cash out, and other features are available on betting platforms.
Why use Bitcoin for Sports Betting?
You are missing out on some essential benefits if you are not using Bitcoin for sports betting. The following are a few:
Immediate Payouts
Bitcoin helps players escape the bureaucracy of manual processing. Some BTC sportsbooks automatically attend to a withdrawal request, provided you write down your wallet address. Even so, you can count on the quick transaction speed of Bitcoin to get you payouts in minutes.
Anonymous Transactions
Your wallet address reveals nothing about you, and no one can see your details. You can use this feature to keep your transactions anonymous and only show what is needed to process payments.
Better Betting Odds
Cryptocurrencies bring lower overheads to bookmakers. As a result, they can free up cash to offer better odds to the players. That is why you will likely find better betting odds on a crypto site than in a fiat casino.
Which Cryptocurrencies Are Accepted for Online Betting?
Bitcoin is the most common cryptocurrency used in online betting. However, we have had many additions over the years. The popular ones include the following:
- Ethereum
- USDT
- Solana
- Litecoin
- Cardano>
Bitcoin holds the most value among cryptocurrencies. It is a compelling option, but relatively slow transaction speeds have put others ahead. Ethereum users have a proof-of-stake consensus. It is more affordable, and the transaction speed fits quick payments.USDT draws its strength from stability, as it is tied to the US dollar. Most players prefer to bet with stablecoins, and USDT often tops that list. It is the most viable option if you want stability in your transaction values. Cardano’s cross-chain capabilities make it a top choice for those who love interoperability. Ada might be more affordable than BTC or Ethereum, but it pulls ahead with its ability to work on different blockchains. Litecoin offers lower transaction fees and speeds. It is an improvement over Bitcoin’s infrastructure and brings many helpful upgrades.
Best Bitcoin Betting Bonuses
Bitcoin betting bonuses come in different forms. One might be more appealing to you than the other. All the same, let’s explore the types you can get.
Matched Deposit Bonus
Deposit bonuses are often the most common because of their value. Bookies that offer them double your deposit or give out money according to a specific advantage.
Free Bets
You can get risk-free bets to wager on events of your choice. Free wagers are available for new and returning players, and the best Bitcoin betting sites often offer them. They will help you manage your bankroll while still playing with real money.
No Deposit Bets
Although less frequent than matched deposit offers, no-deposit bets can start a betting session on a new site. They do not require funding. Instead, they come after registration, whether you fund your account or not.
VIP Rewards and Loyalty Clubs
The best Bitcoin betting sites offer VIP rewards to players who maintain regular platform sessions. These benefits often start as points you can later convert to cash rewards or something else. Also, you can get higher bonuses and cashback if you are part of the loyalty club.
Top Bitcoin Betting Bonuses 2023
Here are the best Bitcoin betting bonuses for 2023:
- BC.Game: Match bonus up to 240% for the first four deposits
- Crashino: 100% Multi Bonus
- Cloudbet: 100% match bonus up to 5 BTC
| Sportsbook | Bonus | Promo Code | Wagering |
| Lucky Block | 15% cashback for 7 days | No code needed | None |
| BC.Game | Matched deposit of 180-240% on first four payments | No code needed | 40x |
| Cloudbet | 100% deposit match up to 5 BTC (casino only) | No code needed | 40x |
| Winz.io | 100% deposit match up to $500 + $20 risk-free bets | SPORTS | None |
| BetOnline | 100% matched deposit bonus of up to $1,000 (crypto only) | CRYPTO100 | 14x |
Benefits of Crypto Betting Sites
The following benefits are available on crypto betting sites:
Financial Privacy
We know that credit card payments determine your credit scores. With cryptocurrency, you can maintain privacy and spend your money as you like. There is no need to worry about providers seeing how much you spend.
Fast Transactions
Cryptocurrencies can handle transactions within a minute. Hence, you will have blazing speeds when moving funds to and from your betting account. Such a rate is absent from traditional platforms that use fiat currencies.
Decentralized Payments
There is no central authority to control and regulate your payments. The structure relies on nodes spread across the blockchain. As a result, you will enjoy the ease of decentralized payments.
Low Fees
Crypto transactions may have mining fees but are often lower than fiat options. Regarding the latter, you may pay a substantial amount plus maintenance fees.
Play from Anywhere
Crypto betting sites have a wider global reach because the payments are not geographically bound. You can play from anywhere, provided your local laws allow online betting.
Bigger Bonuses
The lower transaction charges and platform maintenance allow the offer of higher crypto sportsbook bonuses. They can easily give away the money they saved to attract and keep more players.
Drawbacks of Crypto Betting Sites
Crypto betting sites could be better. Here are some drawbacks to be aware of when using them:
Lack of Regulation
Some platforms that support cryptocurrency are unregulated and unlicensed bookies. That is because of the loophole in offering decentralized payments. Always run thorough checks before sending money to any platform.
No Chargebacks
Cryptocurrency payments are irreversible. That is a significant disadvantage if you send it to the wrong address or provide the incorrect address to the bookmaker.
Crypto Price Volatility
The crypto market is a volatile one. You could start betting at a particular market value and get a payout at a lower value. Hence, most players opt for stablecoins to counter this drawback.
Is Crypto Betting Legal?
Cryptocurrencies sit outside conventional regulation because they are not regarded as securities like fiat currencies. That leaves little room for crypto betting sites to run their services without restrictions. However, they are still subject to the online betting laws of the region. Some regions, like some states in the United States, have tight regulations on online betting. Others have an outright ban on the practice. Hence, the legality depends on the local laws. Crypto betting is legal, provided the operator holds a reputable license. However, accessing the site depends on your local law & letting your guard down, and betting illegally exposes you to losses. You are not under the protection of your local authorities, and there is no one to hold the site accountable.
The Increasing Popularity of Sports Betting with Bitcoin
More people have realized the potential of using BTC for sports wagering. The unrivalled speed of transactions and security are ahead of traditional fiat payment options. Also, we have lower charges and a higher probability of finding better odds. In the coming months, BTC usage in online staking will increase. That is also partly due to the growing number of bookmakers supporting BTC payments.
What is the Projected Growth of Bitcoin Betting in the Future?
Bitcoin holds over 40% of the market, towering above other cryptocurrencies. It might be slower than the recently developed options, but it remains a reliable crypto. Hence, it is one of the most popular cryptocurrencies for sports bettors. The global sports betting industry is growing at an annual rate of 8.83% (CAGR). Also, the adoption of cryptocurrencies for betting is growing. With over 190 million users worldwide, bitcoin sits atop the rest. The introduction of regulations will reduce the associated risks of Bitcoin betting. We have some ideas from the US government and other governments worldwide. Bitcoin’s declining value in 2022 made many sports bettors seek better alternatives. However, the cryptocurrency is recovering, surpassing $20,000 in mid-January 2023.
Bitcoin Betting vs. Traditional Betting: Weighing the Advantages and Disadvantages
Bitcoin and traditional betting sites differ in how they offer their services. You might have some similarities, like betting markets, odds, and sports, but the final execution is different. The first and primary difference is using cryptocurrencies, something you cannot find on traditional sites. Pros of Bitcoin betting sites
- Financial privacy
- Low charges
- Quick payouts
- Reasonable transaction limits
Cons of Bitcoin betting sites
- The cryptocurrency market is volatile.
- Prevalence of unregulated platforms
- Inability to reverse payments
Pros of traditional bookies
- Mostly licensed
- They use regular payment options.
- They are more common.
Cons of traditional bookies
- Slow payout speeds
- Lower bonus deals
- Lack of private financials
Bitcoin sports betting offers faster transactions with lower charges. Also, you will reap other benefits of cryptocurrency payments, like anonymity and the ability to place microbes. Market volatility and fewer regulations still hold Bitcoin sportsbooks back. Hence, many players still show reservations about fully embracing them. Even though there are fewer drawbacks, crypto-betting platforms are far ahead of traditional payment methods. The payments are swift and considerably faster than credit cards and bank transfers.
The Best Mobile Apps for Bitcoin Sports Betting
Convenience has become the hallmark of sports betting, and what better way to enjoy it than with your smartphone? Mobile apps are the way to go if you want the freedom to bet on sports anywhere. Therefore, more bookmakers are adopting a mobile approach for their platforms. Players can easily sync with their crypto wallets for payments. Then, they will not be restricted by location when betting on games. The security remains top-notch.
Where to Buy Crypto for Betting?
You can only get cryptocurrencies from an exchange or via wallet swaps. The former offers a more robust platform with more cryptos. However, you must consider transaction fees and the supported payment options. The user interface should be simple enough, and the exchange should host your desired cryptocurrency. Lastly, consider the platform’s security before making a purchase.
How to Bet on Sports with Bitcoin?
Follow the steps below to bet on sports with Bitcoin:
Step 1: Choose a Site & Create an Account
Pick from our best sports betting sites and create an account. You may need to provide details like a username, email, and password.
Step 2: Deposit Crypto
The second step is to fund your account with your choice of crypto. Head to Payments or Deposits and select the option you want. Then, copy the site’s wallet address and send the required amount from your crypto wallet.
Step 3: Choose Sporting Market
Click the “Sports” button and find the one you prefer. View the available markets and pick an odd.
Step 4: Place Sports Bet
The best Bitcoin sports betting sites have numerous odds. Browse them and select the one that suits you. Then, click it to add it to your betting slip, and set the amount. You can add more bets to your slip.
Conclusion
Bitcoin sports betting has room for exponential growth, especially with Bitcoin’s recent recovery in the crypto market. The efficiency places it ahead of traditional sportsbooks. Hence, we expect it to evolve into a mainstream option in online betting. Consider the license of any BTC bookmaker before you register. You can pick from our list to get started. Nevertheless, keep your login details safe and do not provide more than your wallet’s address when requesting payouts.
In case you’re interested in betting with other cryptocurrencies, you might also want to read about Ethereum crypto betting sites and how & where to bet with Ethereum.