Best Bitcoin sports betting sites in 2024: Crypto sportsbooks reviewed
Updated:
Have you been spending your time looking for the best sites where you can bet on sports using crypto? If so, then this is for you. As you read on, we're going to be exploring the best sports betting sites that accept the likes of bitcoin, and other cryptocurrencies.
Best crypto sports betting sites in 2024
Found: 28 Bookmakers
Rank | Bookmaker | Bonus | Claim |
---|---|---|---|
1 |
Jackbit |
10% Cashback 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Jackbit website |
2 |
Bombastic Review 2024 |
RISK-FREE BET up to 50 USDT 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Bombastic Review 2024 website |
3 |
1xBit |
BONUS UP TO 7 BTC 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to 1xBit website |
4 |
FortuneJack |
Get a 100% Freebet with Your First Deposit 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to FortuneJack website |
5 |
Gamdom |
15% Rakeback for First 7 Days upon Signup 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Gamdom website |
6 |
WSM Casino |
200% bonus up to $25,000 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to WSM Casino website |
7 |
Coins.Game |
Cash bonus up to $10,000 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Coins.Game website |
8 |
ZixCasino |
350% welcome bonus up to 3000$ 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to ZixCasino website |
9 |
0xbet |
Welcome bonus up to €1000 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to 0xbet website |
10 |
FuturePlay |
100% bonus up to 1 BTC 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to FuturePlay website |
11 |
Sportbet.one |
125% bonus up to $1,000 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Sportbet.one website |
12 |
Win.city |
Welcome bonus up to 4,000 USDT with code MIGHTY30 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Win.city website |
13 |
Gamix |
150% 1st E-sport bonus up to $500 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Gamix website |
14 |
Betpanda.io |
100% welcome bonus up to 1 BTC 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Betpanda.io website |
15 |
Crypto-Games |
200% Welcome Bonus up to 20,000 USDT 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Crypto-Games website |
16 |
Fairspin |
100% welcome bonus up to 100,000 USDT 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Fairspin website |
17 |
Trustdice |
BONUS UP TO 3BTC/150ETH 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Trustdice website |
18 |
Sirwin |
100% bonus up to $500 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Sirwin website |
19 |
Bets.io |
Get up to 15 USDT deposit bonus with bonus code: BETSONLY 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Bets.io website |
20 |
Mystake |
100% BONUS UP TO 500€/$ 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Mystake website |
21 |
96.com |
Get up to 21 USDT risk free bet 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to 96.com website |
22 |
Dexsport.io |
Get Cashback - Become VIP Player 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Dexsport.io website |
23 |
BC.GAME |
BONUS UP TO 5 BTC 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to BC.GAME website |
24 |
Coinplay |
Oracle of champions prize pool 10,000 USDT 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Coinplay website |
25 |
Betswap.gg |
Bet on 100+ sports 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Betswap.gg website |
26 |
Sportsbet.io |
Score BIG with 10% Cashback on ALL Sports bets 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Sportsbet.io website |
27 |
Bitsler |
EXCLUSIVE WELCOME BONUS 200% up to $2000 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to Bitsler website |
28 |
OLE777 |
100% bonus up to 100USDT 18+ T&C apply, BeGambleAware.org |
Bet With Bitcoin Go to OLE777 website |
Top Bitcoin betting sites that we recommend
Updated:
You'll find all the information on the best crypto sportsbooks.
- Overview of the best Bitcoin sports betting sites
- Comparing the top crypto and Bitcoin sports betting sites
- How we test and rate crypto betting sites
- How to pick the best Bitcoin betting site
- How to get started with crypto sports betting sites
- Difference between traditional betting and BTC betting
- Why use crypto at online sportsbooks?
- Drawbacks of betting with crypto
- What are the best sports to bet on using Bitcoin and crypto?
- Is it legal to use Bitcoin to bet on sports?
- Bet with Bitcoin responsibly
- Our verdict on the best crypto betting sites
- FAQ
The number of sportsbooks that accept cryptos, like bitcoin, is continually growing. That makes it harder for punters to identify the ones that offer the best experience, and the best bonuses. Our team of experts is dedicated to finding the best crypto sites and here's a snapshot of what they've undercovered.
1. BC.Game - Up to $220,000.
2. Lucky Block - 200% up to €25,000.
3. MyStake - 100% up to $/€500.
4. Sportsbet.io - Up to $/€40 in free bets.
5. Jackbit - 100% of first bet back if it loses.
6. Cloudbet - Up to 5 BTC.
7. Stake - 200% up to $3,000.
8. Bitsler - 200% up to $2,000.
9. Betpanda.io - 100% up to 1 BTC.
10. Velobet - Make 3 bets and get 4th Free.
Overview of the best Bitcoin sports betting sites
As you read on, we'll be sharing all that you need to know about these popular sport betting sites:
-
1. BC.Game
Established in 2018, any BC.Game review will tell you this operator is exceptional. The range of sports and the number of cryptocurrencies accepted, along with 24/7 customer support, all go into making this the number one crypto site.
As a previous sponsor of the Argentinian football team and winner of the Best Crypto Casino in 2022, this is a bitcoin sportsbook that comes with an outstanding reputation. Added to this is the fact that it has a Curacao operating license, meaning that you can bet here with peace of mind.
What we really like about BC. Game is the huge opportunity for in-play betting. Every month, there are 8,000 live events to get in, covering football, basketball, tennis, and more.
At BC.Game, we have to say that we've found an exceptional welcome bonus. Spread across your first four deposits, there's the chance to claim a whopping $220,000.
There are also plenty of ongoing offers that change over time. There's also an attractive VIP program that offers cashback and exclusive giveaways.
We're impressed with range of sports markets that BC.Game has to offer. There are betting options on all the sports that you expect to find at a quality sportsbook.
BC.Game accepts an impressive range of cryptocurrencies. As well as bitcoin and ethereum, you can also use at least another 50, such as BNB, SHIB and DOGE.
Overall, this is the best crypto and bitcoin sportsbook. This is down to the range of sports, the attractive odds, and the range of payment methods. Here's what our experts have to say about the BC.Game site:
When looking at bitcoin gambling sites, there's no denying that BC.Game is the best. The range of betting options is exceptional and you can bet with virtually any crypto around.
- Advantages
- Accepts 50+ Cryptocurrencies
- 45+ Sports
- 24/7 Customer Support
- Instant Withdrawals
- Limitations
- Customer Support English Only
- Bigger Focus on the Bitcoin Casino
-
2. Lucky Block
Lucky Block is another top operator that offers a mix of casino and sports betting. Established in 2022, this site has quickly grown in popularity, and become a destination for crypto sports bettors.
If you explore any Lucky Block review you'll see that this is a site with an outstanding reputation. With a Curacao license, players can be sure that they're playing at a safe and secure site. The brand's reputation is further boosted by its sponsorship deal with former UFC world champion, Michael Bisping.
When it comes to the welcome bonus here, the focus is on casino fans. There is the chance to claim a 200% matched deposit up to $25,000, but there is no exclusive sportsbook offer.
Something that impressed us here was the great range of sports to bet on. All the basics are covered, such as football, cricket, rugby and baseball. Beyond these, there's also esports betting to explore.
You'll find an impressive range of leagues, tournaments, and competitions across the board. The odds may not be the best, but they are well within industry averages so we can't fault this.
The live betting section is impressive, with a range of options to choose from. It's good to see that these bets are spread across all sports rather than being restricted to one or two.
As you'd expect the cryptos accepted include bitcoin and ethereum, but you can also use a range of others.
If you're looking for a sportsbook that will accept bitcoin, and other crypto, you will find that Lucky Block is one of the best. With a great range of sports to bet on, and all the major cryptos covered, you can't go wrong.
Here's a look at what our experts are saying about the Lucky Block site:
Lucky Block is on one of the top bitcoin sportsbooks. With dozens of sports and esport betting options, there's plenty to keep you entertained.
- Advantages
- 24/7 Customer Support
- Free Withdrawals
- 15+ Esport Betting Options
- Limitations
- 30+ Restricted Countries
- More Casino Promotions
-
3. MyStake
MyStake is also one of the best bitcoin sportsbooks. Established in 2020, this is an operator that has proven hugely popular with gamblers around the world. Taking a look at our MyStake review will reveal exactly why.
With an Anjouan license, what has really added to the growth of this gambling website is its choice of sponsorship partners such as the Canadian legend, Drak, Everton football club, and UFC.
This site also boasts an attractive welcome bonus where new punters can claim a 100% matched deposit up to $500. Alongside this, there are ongoing offers such as 10% cashback and an impressive VIP program.
Betting activities here cover 30+ sports. While all the usual additions are present, you can also wager on the likes of futsal, stock car racing, and billiards. The likes of Call of Duty and Rocket League also ensure that major esports are catered for.
While we're big fans of all that's on offer here, you won't find many crypto options. While there is a range of e-wallets and card options, crypto is restricted to ethereum and bitcoin.
While there may be limited deposit and withdrawal methods, MyStake still deserves its place on a list of the best crypto sportsbooks. It's live betting options and a huge range of football markets alone see to that.
When it comes to our experts, this is what they have to say about the MyStake site:
The range of betting markets at MyStake is beyond impressive and this is a sportsbook that we thoroughly recommend.
- Advantages
- 15,000+ Monthly Live Events
- 24/7 Customer Support
- 400+ Football Markets
- Limitations
- No Mobile App
- Odds Less Competitive
-
4.?Sportsbet.io
Dating back to 2016, this crypto sportsbook has continually improved its offerings, making it one of the best operators around. With a wide range of betting options, any Sportsbet.io review is a positive one.
Here there is a Curacao license. What's really impressive though is the massive range of sponsorship agreements. These include the likes of Newcastle United, Imperial esports team, and FIBA WASL.
It has to be said that the welcome bonus isn't the most generous that we've come across. While $40 of free bets is still worth claiming, it feels lacking when compared to other sportsbooks.
With 40+ sports to bet on, you can be sure that Sportsbet.io covers all fans. With all of the basics covered, you'll also find the likes of beach volleyball, squash, esports, and virtual sports.
We were impressed with the odds on offer here. The best of these can reach 97% when betting on the major football leagues. With fixed odds bets and live options too, there's something for everyone.
When it comes to making a crypto deposit or withdrawal, there are 11 options here with all the major ones covered.
For us, the one thing really missing here was live streaming. While we could place live bets, we would have much preferred this if we could see the action unfolding.
Overall, this is a bitcoin sportsbook that impresses. There's plenty of action to bet on, and the virtual sports are a real plus.
What do our experts have to say about the Sportsbet.io site?
With attractive odds and an array of sports to bet on, Sportsbet.io is well worth exploring.
- Advantages
- Fiat Currency also Accepted
- 40+ Sports to Bet On
- Fast-loading Site
- Limitations
- Limited Welcome Bonus
- Limited Live Betting Options
-
5. Jackbit
Launched in 2022, Jackbit is a relative newcomer to the world of crypto sports betting. However, it has quickly established itself as a major player. A look at a Jackbit review reveals what this operator has got right so far.
With an Anjouan license, it's clear that Jackbit is looking to spread across as many borders as possible. While there are no notable sponsorship deals at present, we have no doubt that this is set to change.
We were impressed by the betting markets on offer. At the time of logging in, there were literally thousands, with football dominating (800+) and American Football a close second (750+). We enjoyed betting on over/unders and accumulators while we visited the site.
The bonus for new customers offers a 100% refund on your first bet if it loses. The ongoing promotions are lacking a little, but there's still the chance for free bets and 10% cashback.
Of course, the number of sports to bet on is a significant factor when looking at betting sites that accept bitcoin and other crypto. The good news is that Jackbit has more than 40 to choose from. Fans of esports can also explore top titles such as Dota 2 and League of Legends.
As you'd expect from one of the best crypto sportsbooks, there are numerous deposit and withdrawal methods to choose from. These include: Bitcoin, Ethereum, Litecoin, Doge, Tether, Bitcoin Cash, Ripple.
The only thing that we'd like to change at Jackbit is the colour scheme on the site. While the black is standard, the greens and purples can sometimes clash and make things hard to read.
Despite this, Jackbit is still a bitcoin sportsbook that we rate highly. The sheer number of markets make this a must for an sports fan.
When it comes to our experts and what they're saying about the Jackbit site:
The Jackbit sportsbook offers an exciting betting journey for newbies and experienced punters alike.
- Advantages
- 40+ Sports
- 10,000 + In-Play
- 800+ Football Markets
- 24/7 Customer Support
- Limitations
- No Mobile App
- Few Ongoing Promotions
-
6. Cloudbet
Cloudbet was established all the way back in 2013. It has, over the years, had more than one revamp and has become one of the best bitcoin sportsbooks around.
When you take a look at a detailed Cloudbet review, you can see that this operator has a Curacao license. It also has a trustworthy reputation.
The welcome bonus here is attractive, offering a 100% match up to 5 BTC. The only downside here is that the bonus isn't released all in one go. Instead, it hits your account in stages. While there is a loyalty scheme, we couldn't see any other ongoing sportsbook promotions.
The range of sports to bet on is impressive, with more than 20 to choose from. There are popular sports like football and baseball, and slightly quirkier ones such as floorball and pesapallo. There's a good range of in-play betting opportunities but we have seen better odds offered at the other sportsbooks that we've explored so far.
When it comes to making deposits and withdrawals, you can use cryptocurrencies including: Bitcoin, Bitcoin Cash, Ethereum, Tether, USD Coin.
Overall, Cloudbet offers a solid sportsbook that is well worth exploring. There's plenty to keep punters entertained, but we'd like to see sharper odds at times.
Here's a look at what our experts are saying about the Cloudbet site:
Cloudbet is a first rate crypto site that offers sports that you won't find anywhere else.
- Advantages
- 5 BTC Welcome Bonus
- 20+ Sports
- Fast Withdrawals
- Limitations
- Bonus Released in Increments
- Less Competitive Odds
-
7. Stake
Take a look at any Stake review, and you'll see that this bitcoin operator is a powerhouse in the industry. Established in 2017, it has gone from strength to strength.
Alongside the Curacao license, what adds to the credibility of this sportsbook are the major sponsorship deals it has formed. They cover the likes of Drake, UFC, Everton FC, Davies Cup, and so many more.
The sign-up bonus here offers a 200% match up to $3,000. We also like the fact that there's a weekly raffle. The more you wager, the more tickets you get and there's a top prize of $75,000.
There are more than 40 sports to bet on at Stake. All major leagues and tournaments are covered across a range of sports.
When it comes to the crypto that can be used at the Stake sportsbook, these include: Litecoin, Bitcoin, Ethereum, Tron, Ripple, Bitcoin Cash, Tether.
While there's plenty of choice here, we'd love to see Dogecoin being added as this is increasing in popularity.
When you look at what crypto sports betting sites offer, what there is at Stake is certainly attractive. This is a sportsbook that we're big fans of thanks to juicy odds and a healthy sign-up bonus.
Want to know what are experts are saying about the Stake site?
The Stake Sportsbook should 100% be part of your betting journey. With great odds and a host of sports, this is one of the best we have seen.
- Advantages
- Fast Registration Process
- 24/7 Customer Support
- Weekly $75k Giveaway
- Limitations
- No Mobile App
- Limited Live Streams
-
8. Bitsler
Launched in 2015, Bitsler has been around long enough to ensure that its offerings are exceptional. A quick look at a Bitsler review reveals that the site has a Curacao license and is proven to be fair.
We were impressed with initial bonus here. There is the chance to claim a 200% match, up to an impressive $2,000. With ongoing promotions, these tend to change according to the events taking place. Right now, you can find promotions linked to the Euros and T20.
We're fans of the VIP program here. As you wager and build up your XP, you unlock new levels. Each level comes with its own benefits, such as new promotions and cashback.
There's plenty going on when it comes to sports to choose from. Of course, you can bet on football, but you'll find that there are more than 40 sports to choose from. Across the board, there are more than 100 bet types, such as match winner and spreads.
No matter what crypto you favour, this is sportsbook that has you covered. There are more than 30 to choose from, including: Bitcoin, Ethereum, Ripple, Litecoin, Dogecoin, Shiba Inu, ADA, DAI, Tether.
Of course, no sportsbook can be 100% perfect, and our only real problem at Bitsler was the lack of horse racing.
This crypto bookmaker deserves it's place on our list of the best bitcoin sportsbooks. The number of sports to choose from is impressive, and equally impressive are the number of currencies that can be used.
When it comes to our experts, here's what they have to say about the Bitsler site:
The Bitsler sportsbook has everyone covered, no matter their crypto of choice.
- Advantages
- 100+ Bet Types
- 10 Level VIP Program
- 30+ Cryptocurrencies
- Limitations
- No Mobile App
- Country Restrictions
-
9. Betpanda.io
Another bitcoin site worth exploring, Betpanda.io sportsbook has been around since 2023. This makes it a relatively new operator, but a look at a Betpanda.io review shows how quickly it has established itself. With a Costa Rica license and top-level SSL, you can be sure that this is a site that can be trusted.
For the welcome bonus, you can claim a 100% match up to 1BTC. However, beyond this, it seems that promotions are lacking for sports fans, with the focus being more on casino players.
There are more than 30 sports to bet on, and all major leagues and events are covered. The thing to be aware of here though is that average margins are around 7%, and this is a little on the high side.
When it comes to the cryptos accepted, there are 10 here. These include: Shiba Inu, Dogecoin, Bitcoin, Ethereum.
Overall, this is a crypto sportsbook that deserves its place on our list. It's worth bearing in mind that this operator is still new, and it has delivered a great experience in a short space of time.
With our experts, this is what they have to say about the Betpanda.io site:
A newcomer to the crypto gambling scene with the potential to top our list in the future.
- Advantages
- Fast Registration
- 1BTC Welcome Bonus
- 30 + Sports
- Limitations
- Few Ongoing Promotions
- High Margins
-
10. Velobet
This is another crypto site that is relatively new. Launched in 2023, any Velobet review shows how this operator has got off to a great start, and is developing an impressive reputation.
The welcome bonus here isn't the most generous, with it being restricted to a free bet. However, you'll find plenty of ongoing promotions for existing customers, and these are usually focused on big sport events taking place at the time.
Every type of sport is covered here, and there's also an impressive showing when it comes to esports. What we really liked was the fact that there are 10,000 live streams each month. The slight downside here is that the in-play odds, with a median of 93%, is a little below average.
With payment types, Velobet has a good mix of crypto and fiat currencies. With the former, you can use: Bitcoin, Litecoin, Ripple, Tether.
While the major cryptos are covered, what's really lacking are the likes of Ethereum and Dogecoin.
This is a site that has achieved a great deal very quickly. We look forward to watching this site develop and aim for a place at the top of our list.
Here's the take of our experts and what they're saying about the Velobet site:
Velobet has made a grand entrance to the world of crypto sportsbooks. This is a solid platform with an exciting future.
- Advantages
- 10,000 + Lives Matches Monthly
- 40+ Sports
- 24/7 Customer Support
- Limitations
- In-Play Odds Low
- Low Withdrawal Limits
Comparing the top crypto and Bitcoin sports betting sites
When choosing a crypto sportsbook, its vital to know just how deposits and withdrawals work. Here's a look at the best sites, the speed of moving funds, any fees involved, and any limits that apply:
Deposit Times, Fees & Limits
Betting Site | Deposit speed | Free | Limits Min/Max |
---|---|---|---|
BC.GAME |
Instant |
$10–$100,000 |
|
LuckyBlock |
Instant |
0.0001BTC–Unlimited |
|
Mystake |
Instant |
$10–$100,000 |
|
Sportsbet.io |
Instant |
0.25mBTC–Unlimited |
|
Jackbit |
Instant |
No Limits |
|
Cloudbet |
Instant |
$10–Unlimited |
|
Stake |
Instant |
0.0005BTC–Unlimited |
|
Bitsler |
Instant |
$1–Unlimited |
|
Betpanda.io |
Instant |
No Limits |
|
Velobet |
Instant |
No Limits |
Withdrawal Times, Fees & Limits
Betting Site | Withdrawal speed | Free | Limits Min/Max |
---|---|---|---|
BC.GAME |
Up to 1 Hour |
0.001181 BTC–Unlimited |
|
LuckyBlock |
Up to 1 Hour |
0.0002 BTC–Unlimited |
|
Mystake |
Up to 1 Hour |
$50–$7,500 |
|
Sportsbet.io |
Up to 1 Hour |
0.25 mBTC–Unlimited |
|
Jackbit |
Up to 1 Hour |
$10–$50,000 |
|
Cloudbet |
Up to 1 Hour |
0.0001 BTC–Unlimited |
|
Stake |
Up to 1 Hour |
0.0005 BTC–Unlimited |
|
Bitsler |
Up to 1 Hour |
0.0006 BTC–Unlimited |
|
Betpanda.io |
Up to 1 Hour |
160 μBTC–Unlimited |
|
Velobet |
Up to 24 Hours |
$10–$2,000 |
How we test and rate crypto betting sites
When we test crypto betting sites, we go through an extensive process to ensure that this is thorough and accurate. Here's a look at the method we follow with online gambling sites:
-
Review By Experienced writer
We use one of our expert writers to spend time exploring sites for at least two weeks. They place bets and have a fully immersive experience before they start to write. Our writers all have at least 10 years experience when it comes to sport betting options, and they explore the likes of customer support, crypto options, user experience, responsible gambling tools , bonuses, and odds. They'll also consider the types of bets accepted, maximum withdrawals and the in-play options available.
-
Panel Review
Our panel will then review our expert's findings. They will test the site and then provide a rating out of 5. There will be a close inspection of what the original writer has provided to ensure that nothing has been missed.
-
Further Testing
With the first review and our rating in place, we ask our other experts to test the sites for the first time. We take their feedback into consideration, as well as the rating they provide.
-
Ongoing reviews
We revisit sites on a regular basis to ensure that the information we provide is up to date.
How to get started with crypto sports betting sites
-
Buy Bitcoin or other Crypto
You can buy crypto from reputable exchanges such as Coinbase and Binance. It just takes a debit card and proof of ID to go ahead and buy. Be sure to carry out your own research when choosing a crypto exchange - you need to be sure that the one used is reliable and that your transaction will complete.
-
Set Up a Crypto Wallet
Options include mobile wallets, hardware wallets, and desktop ones. Be sure that the wallet you choose is secure and uses features such as two-factor-authentication.
-
Create a Bitcoin Sportsbook Account
Take a look at the best sites that we have listed and then create an account. Thanks to the nature of crypto, many sites do not insist on following the KYC policies that you'll find elsewhere so registering is quick and easy.
-
Deposit Bitcoin/Other Crypto
Go ahead and make your deposit. Your first of these will usually unlock a bonus. When you head to the banking section, you need to choose the crypto that you want to use. You will then be given a secure wallet address where you can transfer it to.
-
Place your Bets
With your bitcoin deposited, you can then start to explore the sports that you want to wager on. First decide on the event you want to place your money on and look at the betting markets that suit you best. Just be sure to gamble within your means.
Difference between traditional betting and BTC betting
Traditional Betting | Bitcoin/Crypto Sports Betting |
Deposits and withdrawals are with fiat currencies like GBP. | Crypo, such as bitcoin, ethereum etc are used. |
Payments are made with debit cards and ewallets. | There is the need to use digital wallets |
KYC is followed to confirm identity. | Little identifying information is required. |
Withdrawals can take as long as seven days. | Withdrawals are usually an hour or less. |
Fiat currencies tend to be stable. | Crypto is volatile and values can change fast. |
Why use crypto at online sportsbooks?
Here's a look at some of the key advantages that bitcoin and other crypto have to offer:
Security advantages
With crypto, transactions are encrypted to a level where security is almost guaranteed. It's almost impossible to decode a transfers' private key meaning that your funds are safe and secure.
Maintaining anonymity and privacy
When you use bitcoin or other cryptocurrencies, you can act with anonymity. This is one reason that punters opt for crypto as a payment method.
Enhanced betting experience
It's widely accepted that using bitcoin makes the sportsbook experience that much more enjoyable. That's thanks to the fact that transactions are instantaneous, fees are lower, and there are great crypto bonuses up for grabs.
Decentralization
The decentralized nature of bitcoin and other crypto means that you're always in control. Banks, governments, and other official bodies have no involvement in your transactions.
Drawbacks of betting with crypto
It's only right that we also explore some of the drawbacks associated with using crypto at a sportsbook. Let's take a look now:
Regulatory challenges
While many are drawn to the decentralized nature of the likes of bitcoin, this also means that there is limited regulation. While systems are secure, there is still a risk that users can become victims of fraud, with little recourse.
Irreversibility of crypto transactions
Unlike with card transactions, once a crypto transaction has been recorded on the blockchain, it is irreversible.
Volatility of crypto transactions
You can't have escaped the news surrounding wild fluctuations in the value of bitcoin in particular. The reality is that the value can change massively in the space of hours so you can never be sure just how much your winnings are worth.
What are the best sports to bet on using Bitcoin and crypto?
When you join a bitcoin and crypto sportsbook, you'll be amazed by the number of sports that you can bet on. Here's a look at some of the most popular:
Football
This is the most popular sport around the world. You'll find that at crypto football betting sites all major tournaments are covered as well as all domestic leagues. The nature of the game, with results changing in the blink of an eye, make this sport exciting to wager on.
eSports
Esports have explode in popularity, with the top esports betting sites covering games such as FIFA, COD, and DOTA2. Some of the bets you can place on esports include match winner, total kills, first blood and Props.
UFC
With a wide variety of bet types, such as method of victory, round bets, and prop bets, UFC bookmakers are hugely popular. The fast pace of this sport makes it a perfect match for the instant deposit that crypto offers.
Virtual Sports
Whether its football, horse racing, rugby or any other sport, virtual sports betting sites offer a range of betting markets. You'll find many of bet types that you would on live sports, such as winner, each way, accumulators, and over/under.
Cricket
Another hugely popular bitcoin betting sport, cricket has a range of markets to get involved with. With both national and international competitions, online cricket betting sites offer a broad range of choices.
Basketball
With basketball, the results can change in seconds and that's why this sport is so exciting to bet on. The best NBA sites offer great odds, and the use of bitcoin ensures that this sport has global appeal. While the NBA is hugely popular, and probably the best known market, there are numerous exciting international leagues to bet on such as the EuroLeague, Spain's LIGA ABC and Germany's BBL.
Is it legal to use Bitcoin to bet on sports?
Yes, it is legal to use bitcoin to bet on sports. When it comes to traditional betting, there are stringent rules and regulations in place. Operators must comply with these to secure a license and to operate lawfully.
Governments don't recognise bitcoin and other crypto as legal tender. That means that it doesn't fall under the usual controls, allowing people to access gambling sites from around the world. There may well be further regulation in the future, but right now there is nothing to say bitcoin can't be used for betting.
Bet with Bitcoin responsibly
When you wager on sports you need to gamble responsibly. When looking at the sites to use, be sure that they have clear guidance on how to do this, and that they signpost people to organizations that can assist if gambling does become a problem.
Responsible sportsbooks will have tools in place to help, such as deposit limits and self-exclusion options.
Gambling may be becoming a problem if you notice a change in behaviour. It could be that you're feeling anxious, chasing losses, or neglecting your responsibilities. If this is the case, reach out to the likes of GamCare who can offer help and support.
Our verdict on the best crypto betting sites
That brings us to the end of our look at the best crypto betting sites. As we've seen, there are numerous operators out there and it's important to play at the ones that keep you safe, and also offer a great user experience.
The sites that we have highlighted offer a range of betting markets, the best in security, and some attractive bonuses and promotions. Take the time to explore these and find your favourite.