- What a Bitcoin sportsbook is.
- How to place a bet with Bitcoin.
- What are Bitcoin betting apps available?
- What are some anonymous betting sites with Bitcoin?
Top Bitcoin Sportsbooks
When choosing the best Bitcoin betting site for you, there are a few main things that you should pay close attention to. You should make sure that the Bitcoin betting exchange has a good range of sports betting options, additional betting functions, and good odds for the sports you like, such as football odds. These are just a few of the most important aspects of a sportsbook website. You can turn to Bitcoin sportsbook reviews if you struggle to research these elements.
A Bitcoin bookmaker review will display all the information you need about the bookie you are researching. Some of our picks for the best Bitcoin sports betting sites include 22bet, 1xBet, and Parimatch.
Claim Your Bonus when You Place a Bitcoin Deposit
When using Bitcoin for sports betting on the leading operator sites, you will get plenty of promotional offers and bonuses to use several sports betting options. These bonuses range from welcome rewards to free bets, cash, matched deposit bonuses, and no minimum deposit bonuses. You can claim these promo offers directly from the operator’s website on their “Promotions” page. These proposals frequently change, providing new players and existing bettors with more reasons to stay with the site.
How to Use Bitcoin to Bet Online
Bitcoin is by far the most trusted and reliable form of Cryptocurrency. If you’ve leapt into the world of cryptocurrencies, then the likelihood is that you have gone with Bitcoin. The good news is that you can now use your stored Bitcoin to bet. This whole process is straightforward. Select Bitcoin as your preferred payment method when you register with a site. The online Bitcoin bookie will take you through a step-by-step guide to paying with Bitcoin when you make a deposit.
|👍 Minimum Deposit:||BTC 0.00001|
|% Processing Fee:||No Fee|
|⏱ Transaction Speed:||3-40 Minutes Transaction Times|
|🆓 Largest Free Bet:||Bovada: 50% up to $250 MyBookie: 100% up to $1000 in Free Bet Mbet: Up to 5m₿ in Risk-Free Bet in Horse Racing|
|📱 Dedicated app:||Yes|
|🌍 Supported in:||Albania, Andorra, Argentina, Barbados, Belarus, Bermuda, Colombia, Estonia, French Guiana, Gabon, Georgia, Germany, Gibraltar, China, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kosovo, Kyrgyzstan, Lithuania, Malaysia, Maldives, Malta, Mauritius, Netherlands, Nigeria, Panama, Paraguay, Peru, Singapore, Slovenia, Switzerland, Tanzania, Tunisia, Ukraine, United Arab Emirates, United Kingdom, Uruguay|
|💯 Best Bitcoin Betting Site:||Parimatch|
|⏩ Fastest Bitcoin Bookie Withdrawal:||Vbet|
|⭐ Best Bitcoin Bookie Deposit:||Winabet365|
|🔝 High Deposit Limits:||22Bet|
|🔁 Betting Exchange and Bitcoin:||MyBookie|
|🎁 Best Bitcoin Bonus:||Bovada|
What is Bitcoin?
On a basic level, Bitcoin works the same way as an E-wallet like PayPal or Neteller. The customer buys a Bitcoin (or a partial amount of Bitcoin) and adds it to their unique digital wallet. When a client creates a digital wallet, he can indefinitely store a newly bought Bitcoin. This purchased Bitcoin is worth a specified value. This value can change quite frequently depending on the Cryptocurrency market. For example, more frequent buying of Bitcoin means that its value drops. While the Bitcoin market can be unstable, online betting is fast and reliable.
Making a Deposit with Bitcoin
Each betting site that accepts Bitcoin has its specific deposit procedures. In general, one can use Bitcoin on these sites quite easily. To place a deposit with Bitcoin, head to your account page, look for the “Deposits” button, and follow the link. Select your Cryptocurrency payment method and select Bitcoin. You then need to enter an amount to give the online bookie. Most online sportsbooks will then send you a link. Enter this link into your digital Bitcoin wallet and send the Bitcoin payment.
Making a Withdrawal with Bitcoin
Withdrawing your funds with Bitcoin is a little easier than depositing money. When you have earned enough for a payout, you can head to your account page and click “Withdraw.” Choose the Bitcoin payment method again and enter the amount you wish to withdraw. The money should be sent directly to your digital Bitcoin wallet within a few working days.
One of the best features of using Bitcoin for online betting is that it never charges fees. All online sports betting with Bitcoin should be entirely free of costs for both depositing and withdrawing. But, if a site says it condemns any fees for using Bitcoin, you should use another bookmaker for your online sports betting practices. Neither the site nor your digital Bitcoin wallet website should charge you any fees.
Countries that Accept Bitcoin for Sports Gambling
As Bitcoin is one of the most well-recognized (if not the most well-recognized) cryptocurrencies currently available, many countries accept it as some form of currency. The likelihood is if your country generally allows online gambling and agrees with the use of Bitcoin, then the chances are high that you will be allowed to use Bitcoin for online betting. Some of the largest countries that accept Bitcoin for online betting include Japan, the USA, France, Canada, Malta, and the UK.
Bitcoin may be a globally accepted cryptocurrency, but it’s still illegal in many countries. Bitcoin sports betting sites are also not available everywhere. In most cases, countries that ban online gambling also prohibit BTC gambling, and we have some of them on the list below.
Mobile Betting with Bitcoin
Using your mobile device is one of the easiest and most convenient ways to place a bet in 2023. A whole range of sports betting options is right at your fingertips within just a few seconds. Many of the top BTC sports betting sites have dedicated apps for mobile forms of betting. These BTC sportsbook apps are straightforward to use. All you need to do is head to the Android or iOS App Store and find the Bitcoin betting apps you want to download. These apps are often found completely free of charge.
BTC Live Betting
Many leading BTC betting sites give their players a range of additional betting options. The best Bitcoin betting sites frequently host an extensive range of live betting options on their website. These live betting options (often called “In-Play” betting events) allow players to place bets on live games. Throughout the live in-play game, bookmakers provide the results and scores in real time as they happen throughout the match, race, or play.
Alternatives to Using Bitcoin for Online Betting
While Bitcoin is an incredibly unique and convenient form of payment for depositing and withdrawing money on online sportsbooks, it is not the only option. There are many alternatives to using Bitcoin for online betting.
Some of the most popular payment methods featured on online bookmaker sites include card payment options (usually VISA and MasterCard), E-wallet payment methods (Primarily PayPal and Neteller), Ukash, and bank transfer options. Various bookmaker reviews indicate the advantages and disadvantages of each option. For example, some Ukash betting sites and PayPal bookies charge fees.
How to Stay Safe with Bitcoin
Just as with every form of online payment, your details must always remain safe and secure. The last thing you want is your details to leak online while using a betting site. It is why almost every top operator makes users fill out a 2-step authentication form before they use Bitcoin as a payment method. Similarly, most top digital wallet providers will ask you to fill out a 2-step authentication form. It ensures that your details cannot be easily hacked or stolen.
Keeping Your Information Private
Along with the aforementioned 2-step authentication and verification system put in place by most operators and digital wallet providers, many online bookies also use state-of-the-art encryption software to ensure that all your information is safe and secure while using the site. These preventative firewalls protect your personal and banking information against any online threats. You can rest easy knowing that your data is safe when using the best Bitcoin sports betting sites.
Bitcoin Betting Exchange
Besides Bitcoin sports betting sites, you may also come across BTC betting exchanges. While most bettors confuse them for sportsbooks, they are very different. Unlike bookies, betting exchanges take bets between players, which cuts commission fees. That way, they often have much better odds than even the best Bitcoin betting sites in the industry.
How does a Bitcoin betting exchange work? Have you ever bet at Betfair? While it doesn’t accept cryptocurrencies, all BTC betting exchanges work similarly. You’re essentially backing and laying odds against others instead of spreading your money against a bookie. Bitcoin betting exchanges are still few and far between, but they allow you to bet on sports and prediction markets on various blockchains and protocols that can lead to massive payouts.
New Bookmakers that Accept Bitcoin
While many leading online betting sites accept Bitcoin currently available on the market, some bettors may prefer to use a new online bookmaker website. Unfortunately, not many new bookies accept Bitcoin as a valid payment method.
One promising new bookmaker that does allow Bitcoin for deposits and withdrawals is MansionBet. When looking for a new online bookie to use, you should make sure that it is fully legal and legitimate before registering with the site. When it is safe, you trust the website with your personal and banking information.
Factors We Consider While Choosing Bitcoin Betting Sites
We consider many factors when we review and rate the best Bitcoin betting sites. Our expert team thoroughly checks the betting sites, ensuring you get a comprehensive overview of each. Below you can see which factors we rate the highest when reviewing Bitcoin bookies.
Reputation and Trust
Cryptocurrencies are still relatively unknown for many bettors, and that’s why some are hesitant to join Bitcoin sportsbooks. We constantly check their reputation and trust among bettors online, reading honest user reviews that can tell much about the bookie. Then we check if they align with our opinion and rate the sportsbook on our pages.
Sports, Lines, and Odds Available
The number of early lines, sports, markets, and odds is a significant factor in our BTC betting sites reviews. It’s not just a question of quantity but quality too. A good BTC bookmaker should have plenty of available lines on major and niche sports, valuable odds, and great markets.
Anonymous Sports Betting with Bitcoin
Anonymous betting is one of the top advantages of Bitcoin payments at betting sites. Unlike fiat money payment methods, cryptocurrencies are anonymous. We always make sure the betting sites we review have Bitcoin on the list, which translates to anonymous bets.
Payout and Withdraw Speeds & Terms
All cryptocurrencies, including Bitcoin, boast the fastest deposit and withdrawal times. However, some sports betting sites can limit that with a mandatory review period. We only list BTC sites that pay instantly so you can have your winnings back right away.
VIP Programs and Bonuses
The best BTC betting sites on our list have massive bonuses and excellent VIP programs. You could say they have offers you can’t refuse. Bonuses and promos play a big part in our reviews. A good bookie should be generous, giving players free bets even higher for VIPs.
Consumer Reviews and Issues
User reviews can tell us the difference between good and bad Bitcoin betting sites. While checking the online reputation of the best Bitcoin betting sites, we read accurate user comments and reviews. We then weigh them up against our thoughts and see if they match.
Why do we take a look at Bitcoin bookies? It is accepted worldwide, allowing you to fund your account with it everywhere you go. While it’s still mostly banned worldwide, many countries don’t have a legal framework that makes BTC legal.
The blockchain always takes a transaction fee when you use Bitcoin at betting sites, but it’s so tiny it’s forgettable. Unlike credit cards, deposits, or bank transfers which can be costly, one of the best advantages of joining Bitcoin betting websites is the fast and almost fee-free transactions.
Are Bitcoin Betting Sites Legal?
That’s the million-dollar question, isn’t it? It all depends on how cryptocurrencies are regulated around the world. You’ll find significant differences from one jurisdiction to another. If the legislation in your country regulates online gambling and cryptos, you won’t find a problem. But, in countries such as Russia, where both are banned, you won’t be able to bet on Bitcoin sports betting websites.
While you can use a VPN to access international bookies, it’s better to obey the laws. Regulations around the world often change, which might be the case with Bitcoin. The way things are going right now, Bitcoin betting websites are getting increasingly more attractive to governments and bettors worldwide.
Is Using Bitcoin for Online Betting Worth It?
Using Bitcoin for sports betting has its fair share of advantages and disadvantages. There is plenty to love about this particular payment method, but there are also plenty of elements to dislike about using the payment option.
An Overview of Using Bitcoin on Online Bookmakers
In summary, using Bitcoin for online betting is convenient, if not with a somewhat challenging market surrounding it. There are plenty of things to persuade bettors to use the method and plenty to dissuade them. But in general, online sports betting with Bitcoin is safe, secure, and still one of the most convenient and unique ways to bet. Hopefully, this detailed rundown of using Bitcoin for online betting has given you all the information you require to make your own informed decision about the payment platform. Below is a list of things that you should know about betting with Bitcoin:
Things to know about Bitcoin:
- Many countries, such as the USA, Canada, the UK, France, and Malta, accept Bitcoin for online betting.
- There are many benefits to using Bitcoin for online betting, such as a high level of convenience, a lack of fees, and increased anonymity.
- The popular sports betting options that accept Bitcoin include football, American football, baseball, golf, and horse racing.
- Some alternatives to Bitcoin are available, such as VISA and MasterCard debit card and credit card options, PayPal and Neteller Ewallet options, and bank transfer options.
- Some of the most popular and reliable online sportsbooks that accept Bitcoin include MyBookie, Bovada, Nitrogen Sports and 22Bet.
Reliable, safe, and secure are all the perfect words to describe the Bitcoin betting experience. Bitcoin, on the whole, is a great payment option for 2023 online betting. Modern betting requires modern payment options, and Bitcoin provides this in heaps. Head to one of our recommended sites today to use Bitcoin for all your online betting needs.
Frequently Asked Questions
How do you use Bitcoin for sports betting?
Bitcoin can be used for online sports betting deposits and withdrawals. It is how money is transferred between the sportsbook and your Bitcoin account. Just select Bitcoin as your preferred payment method and choose the option to use Bitcoin when you go to deposit or withdraw funds from your online sportsbook account. You will need to account with an online digital Bitcoin wallet provider first and buy Bitcoin before you can use it for online betting. When depositing and withdrawing money using Bitcoin, you will get a link to copy it into your digital wallet.
How to buy Bitcoin for sports betting?
One can buy Bitcoin on several official Bitcoin wallet sites. Some of the most popular platforms to buy Bitcoin include Robinhood, Square Cash, Coinbase, and Binance. Make sure you research your chosen Bitcoin buying site before purchasing any Bitcoin to ensure that it is safe and reliable.
What makes the right Bitcoin sportsbook?
A good Bitcoin sportsbook should have wide-ranging betting options and odds and be completely legitimate, legal, and trustworthy.
What is the best BTC betting site?
How do I deposit Bitcoin into a sportsbook?
How do you make a withdrawal from a sportsbook using Bitcoin?
all of these factors. If you are unsure of the best site, head to one of our sportsbook reviews to find the best one.
Which Bitcoin sites accept payouts from betting sites?
The best BTC betting site must have great odds, many sports betting options, and 100% legitimacy and reliability. Many online operators share many characteristics regarding these determining factors, making it difficult to choose a definitive “Best” one. Ultimately, the best BTC betting site is tailored to your preferences and wants.