John Ford | November 3, 2023 | Updated on: November 3rd, 2023
Bitcoin sports betting sites have become more attractive thanks to their fast payouts, lower fees, and a wide range of sports betting options. We, however, understand that finding a reliable and secure crypto sports betting site is not easy, which is why we’re here.
Our expert team scoured the digital landscape to uncover the best Bitcoin betting sites that offer cutting-edge technology and a wide array of sports markets.
In the following sections, we’ll explore the key features, bonuses, and unique offerings of these platforms. So, get ready to embark on a thrilling journey through the world of Bitcoin sports betting.
Best Crypto & Bitcoin Sportsbooks in 2023
How to Use Bitcoin for Sports Betting
Betting with Bitcoin offers several advantages, such as increased privacy, lower transaction fees, and faster transactions. Here’s a step-by-step guide on how to use Bitcoin for sports betting:
1. Get a Bitcoin Wallet
To safeguard your bitcoins, you’ll require a Bitcoin wallet. Bitcoin wallets come in various types, encompassing hardware wallets, software wallets, and mobile wallets. Select a trustworthy wallet that aligns with your requirements and preferences.
2. Acquire Bitcoins
You can obtain bitcoins through various methods, including:
- Buying from a cryptocurrency exchange: Sign up for an account on a cryptocurrency exchange such as Coinbase, Kraken, Binance, or Bitstamp. Link your bank account or credit card to purchase bitcoins.
- Peer-to-peer (P2P) trading: Use platforms like LocalBitcoins or Paxful to buy bitcoins from other individuals.
- Bitcoin ATMs: Some locations have Bitcoin ATMs where you can purchase bitcoins with cash.
3. Transfer Bitcoins to Your Wallet
Once you have purchased bitcoins, transfer them to your Bitcoin wallet for added security.
4. Choose a Bitcoin-Friendly Sportsbook
Not all sports betting websites accept Bitcoin, so you’ll need to pick one from our recommended list or find a sportsbook that does. Ensure that the sportsbook is reputable and has a good track record.
5. Create an Account
Register for an account on your selected sportsbook, which generally includes furnishing personal details and completing identity verification.
6. Deposit Bitcoin
After creating your account, look for the deposit or cashier section. Select Bitcoin as your deposit method. The sportsbook will provide you with a Bitcoin address or a QR code. Use your Bitcoin wallet to send the desired amount to this address or scan the QR code.
7. Wait for Confirmation
Bitcoin transactions require confirmations on the blockchain network. The number of confirmations needed varies but typically ranges from 1 to 6. You may need to wait for these confirmations before your deposit is credited to your sportsbook account.
8. Place Your Bets
Once your account is funded, you can start placing bets on your favorite sports events just like you would with traditional currency. Make sure to understand the betting options and odds offered by the sportsbook.
Where to Buy Bitcoin and Other Cryptos for Sports Betting
You can buy Bitcoin and other cryptocurrencies for sports betting from various sources, including cryptocurrency exchanges, peer-to-peer platforms, and Bitcoin ATMs. Here are some popular options:
Cryptocurrency Exchanges
Cryptocurrency exchanges are the most common and straightforward way to buy Bitcoin and other cryptos. Some popular exchanges where you can purchase cryptocurrencies include:
- Coinbase: A user-friendly platform that’s ideal for beginners.
- Kraken: Known for its security features and wide range of supported cryptocurrencies.
- Binance: Offers a wide selection of cryptocurrencies and trading pairs.
- Bitstamp: One of the longest-standing exchanges with a good reputation.
- Gemini: Offers a regulated and compliant platform for US users.
Peer-to-Peer (P2P) Platforms
P2P platforms allow you to buy Bitcoin from individuals directly. Some well-known P2P platforms include:
- LocalBitcoins: Facilitates peer-to-peer trades in your local area.
- Paxful: Offers a wide range of payment methods for buying Bitcoin from other users.
- LocalCryptos: Allows users to buy and sell cryptocurrencies using a variety of payment methods.
Bitcoin ATMs
Bitcoin ATMs are physical machines that allow you to buy Bitcoin with cash or credit/debit cards. You can find Bitcoin ATMs in various locations. Websites like CoinATMRadar can help you locate Bitcoin ATMs near you.
Online Wallets and Services
Some online wallet and service providers, like Blockchain.info and BitPay, offer options to purchase Bitcoin directly within their platforms.
Cryptocurrency Brokers
Cryptocurrency brokers, such as eToro, offer a simple way to buy and trade cryptocurrencies. However, they may not always allow you to withdraw your crypto to external wallets, which may limit their use for sports betting.
Top Bitcoin Betting Apps 2023
Many avid fans cherish the ability to grab their smartphones and effortlessly wager on upcoming events. Throughout the year, numerous mobile betting applications have emerged, offering downloadable apps that greatly simplify this process. Here are some of the top Bitcoin sportsbooks offering mobile downloadable applications:
Tips on Choosing the Best Bitcoin Betting Site in 2023
Choosing the best Bitcoin betting site requires careful consideration of several factors to ensure a safe and enjoyable experience. Remember to thoroughly research and test the betting site’s features and services before depositing and betting with real money. It’s also advisable to start with a small deposit to assess the site’s reliability and performance. Here are some tips to help you make an informed choice:
Best Bitcoin Betting Bonuses 2023
| Bitcoin Sportsbook | Bonus | Promo Code |
| BetOnline.ag | $1000 | BET1000 |
| Bovada | $750 | BTCSWB750 |
| MyBookie | $1000 | MYB50 |
What Sports Do the Best Bitcoin Betting Sites Offer?
The sports offerings on Bitcoin betting sites can vary significantly from one platform to another. The best Bitcoin betting sites often provide a wide range of sports and events to cater to the diverse interests of their users. Here’s an expansion on the sports you can typically expect to find on these platforms:
- American Football: You can bet on the NFL, college football, and other American football leagues and events.
- Football (Soccer): Soccer betting is one of the most widely bet on sports, with betting options available for various leagues, tournaments, and international matches.
- Basketball: Coverage of the NBA, college basketball, and other international basketball leagues is common.
- Baseball: Major League Baseball (MLB) and other baseball leagues are frequently offered.
- Hockey: The NHL and other major hockey leagues are popular options.
- Boxing: Major boxing matches, title fights, and undercards.
- MMA (Mixed Martial Arts): UFC events and other MMA promotions.
- Tennis: Tennis enthusiasts can bet on major tournaments like Wimbledon, the US Open, the Australian Open, and the French Open, as well as various other ATP and WTA events.
- Golf: Coverage of golf includes major tournaments like The Masters, the US Open, The Open Championship, and the PGA Championship, along with regular PGA Tour events.
- Auto Racing: Motor sports like Formula 1, NASCAR, and various other racing series are usually available for betting.
- Emerging Sports: Some Bitcoin betting sites may offer opportunities to bet on emerging or niche sports and events that are less mainstream, like esports (eSports betting), darts, snooker, or even competitive video gaming.
Supported Cryptos at Bitcoin Betting Sites
The cryptocurrencies supported at Bitcoin betting sites can vary from one platform to another. While Bitcoin (BTC) is the most accepted cryptocurrency for sports betting, many betting sites have expanded their offerings to other cryptocurrencies. The specific cryptocurrencies supported will depend on the betting site’s policies and market demand. Here’s a list of some of the popular cryptocurrencies you might find at Bitcoin betting sites:
- Bitcoin (BTC): The original and most widely accepted cryptocurrency for sports betting.
- Ethereum (ETH): The second-largest cryptocurrency by market capitalization, Ethereum is increasingly supported by betting sites.
- Litecoin (LTC): Known for its faster transaction times, Litecoin is a popular choice for sports bettors.
- Bitcoin Cash (BCH): A Bitcoin fork that offers larger block sizes, allowing for quicker transactions.
- Ripple (XRP): Although less common, some betting sites accept XRP for sports betting.
- Cardano (ADA): ADA is a cryptocurrency known for its focus on smart contracts and sustainability.
- Stellar (XLM): Stellar is used for fast and low-cost cross-border transactions and is occasionally supported by betting sites.
- Dogecoin (DOGE): Originally created as a joke, Dogecoin has gained popularity and is accepted by some betting platforms.
- Tether (USDT): A stablecoin pegged to the value of the US dollar, USDT provides stability against crypto market volatility.
- Binance Coin (BNB): BNB is the native cryptocurrency of the Binance exchange and is supported by some betting platforms.
Pros & Cons of Betting with Crypto
Betting with cryptocurrencies like Bitcoin offers several advantages and disadvantages, and it’s essential to consider both sides before deciding to use crypto for your betting activities. Here are the pros and cons of betting with cryptocurrencies:
| Pros | Cons |
| Anonymity and Privacy | Price Volatility |
| Lower Transaction Fees | Lack of Regulation |
| Fast Transactions | Limited Adoption |
| Global Accessibility | |
| Security |
Bitcoin Betting USA FAQs
Yes, you can bet on sports with Bitcoin. Many online sports betting sites accept Bitcoin as a payment method.
Several betting sites accept Bitcoin, including well-known platforms like BetOnline and Bovada.
Bitcoin betting can be legitimate, but it’s essential to choose reputable and licensed betting sites. Ensure that the site you use complies with relevant regulations.
To bet on sports with Bitcoin, follow these steps: Get a Bitcoin wallet, acquire Bitcoin from an exchange, deposit Bitcoin into your betting account, place your bets, and withdraw your winnings to your wallet.
The legality of gambling with Bitcoin in the US varies by state. Some states allow it, while others have specific regulations against online gambling. It’s essential to check the laws in your state or jurisdiction to ensure compliance.