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 bonuses. Also, they often allow a wider betting range than fiat bookies.Let’s review the best bitcoin betting sites and cover their benefits. You will also learn how to get BTC most reliably and efficiently.
Top Bitcoin Betting Sites
Best Bitcoin Sports Betting Platforms Reviewed
Heavily featured website shines brightly through the screens, bringing sports betting action. The highlights remain at the top of the page, while the sports stay on the left side, offering betting markets 24/7. Nevertheless, the extensive crypto support and welcome bonus remain the platform stars.
Boasts a well-studded bonus section that includes a weekly raffle and tournaments. It offers its services via a well-designed platform that supports live betting. Its well-categorized sports section and support for the six-odds format make it a force to be reckoned with.
Inadequate bonuses are a significant drawback, but the sportsbook makes up for it with its betting features. It hosts esports alongside other mainstream options like football, tennis, basketball, baseball, etc. Furthermore, bettors have many popular cryptocurrencies to make payments with.
It is easy to mistake Crashino for a casino. However, the betting site features a full-fledged sportsbook that brings hard-to-find events from lesser-known leagues. It is a fantastic platform for monitoring a game’s progress and placing wagers during gameplay.
The newest marketplace feature offers exclusive purchase rights to items like free spins. The sportsbook features a decent number of sports with extensive live betting. It does not provide live streaming services for the games but stays updated with current standings.
- BC.Game opens its doors with a 180% match bonus in BCD, the in-house crypto equivalent of 1 USDT. The welcome package continues with the fourth deposit, which offers a 140% deposit match. Furthermore, the bonus has no restrictions on withdrawals and no limited time.
- Stake does not offer a welcome package for its sportsbook. It is disappointing, but the bookie quickly picks up with the weekly raffle and tournaments.
- Sportsbet ditches the welcome package for its sports bettors. The platform has a few offers for casino players, but the sportsbook section has regional and league-based deals. You can compete in the Grand Slam for a guaranteed win.
- Crashino’s bonus deals begin with Premier League risk-free bets. Then there’s the 100% multi-bonus, 3+1 NBA free bet, and 100% insurance.
- Cloudbet’s casino players can get up to 5 BTC on their arrival. However, sports bettors can count on loyalty rewards and zero-margin sports bets for comfort.
- BC.Game offers the best deals for sports bettors. Also, you don’t need a bonus code to unlock the offer.
BC.Game, Stake, Sportsbet, Crashino, and Cloudbet accept cryptocurrency payments in varying degrees. The popular ones are Bitcoin, Ethereum, Litecoin, USDT, Dogecoin, BSC, Cardano, Ripple, Tron, etc. However, transaction fees at BC.Game are higher than at other sportsbooks. Stake might not have the same number of cryptocurrencies as BC.Game, but it is the next best option. The sportsbook features more payment methods than the others.
General Information & Security
Cloudbet launched in 2013 and is available in English. It is a licensed sports betting operator under the Curacao government with an outstanding reputation.
Stake came online in 2017 and is available in over a dozen languages, including English, Deutsch, Spanish, French, Indonesian, etc. It runs its services with a license from the Curaçao government and has an excellent reputation among sports bettors.
BC.Game debuted in the same year as Stake, but it supports more languages, including Italian, French, Filipino, Spanish, Portuguese, etc. The bookmaker holds a sublicense CIL pending the approval for the master gaming license. In addition, it ranks highly among sports bettors and has an excellent reputation.
Sportsbet.io launched in 2016 under the Yoho Group, with license and regulation from the government of Curacao. Its supported languages include English, French, Spanish, Deutsch, Portuguese, etc. Furthermore, its awards and partnerships speak highly of its reputation.
These sportsbooks feature several tools for optimum security. They use the secure socket layer technology (SSL) for data encryption when communicating with the platforms. In addition, the bookmakers maintain the confidentiality of any information you share.
These sportsbooks may accept cryptocurrency payments, but they are not entirely anonymous. Wallet transfers may offer some privacy regarding how you spend money. Nevertheless, you will complete the KYC procedure per anti-fraud laws.Crashino does not require KYC for its players. Hence, you can maintain complete anonymity on the platform. The only information in your account is the one you used to open it. In the meantime, the following are the typical documents needed for KYC:
- Identity card
- Proof of residence and geolocation data
- Financial records
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.
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.
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:
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.
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:
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.
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 that maintain regular sessions on their platforms. 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
|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:
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.
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.
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.
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.
The lower transaction charges and platform maintenance allow crypto betting sites to offer higher 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.
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 lawsLetting 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 unrivaled 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.
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.
What types of sports can I bet on with Bitcoin?
You can bet on any sport, provided it is available on the BTC sportsbook.
How do I make a deposit and withdraw my winnings with Bitcoin?
You can fund the account by sending BTC to the bookie’s wallet address. Conversely, you can withdraw by sending your wallet address to the bookmaker for payment.
What are the fees associated with using Bitcoin for sports betting?
The primary charges are mining or gas fees. Apart from that, the transactions are often free.
How can I ensure the security of my Bitcoin transactions when placing sports bets online?
Make sure you don’t reveal your wallet’s passcode. To send funds, legitimate bookies will only need your address.
How can I manage my bankroll when betting with Bitcoin?
You can set session limits or stop losses.
What is the process for claiming bonuses and promotions when using Bitcoin for sports betting?
Bonuses often come after fulfilling the deposit requirements. On the other hand, promotions may only require you to play games.
How do I contact customer support if I have issues with my Bitcoin sportsbook or betting account?
Customer support is often available via live chat and email. Some bookmakers support telephone calls.
Are there any restrictions on using Bitcoin for sports betting in my country or region?
Bitcoin is not regulated in many countries, and the same applies to BTC sports betting. Check your local laws to confirm.