Bitcoin Betting Sites: Your Search Ends at this List

Understanding Bitcoin

Bitcoin is a virtual currency founded in 2009 by an anonymous developer or a group of developers with the name Satoshi Nakamoto. Known as the first cryptocurrency, Bitcoin was designed to act as a form of payment not controlled by any person, entity, or country. It's also a peer-to-peer cryptocurrency that allows users to trade digital currency with one another without involving a central authority.

Bitcoin uses a decentralized blockchain to record every transaction. While the blockchain is similar to the bank's ledger, it's spread across the entire network. This means that no third party controls it, and anyone can be part of it.

Bitcoin also uses the proof of work algorithm to validate transactions and add new blocks. The algorithm has a transaction speed of 7TPS, with new blocks added every 10 minutes. Moreover, miners have to solve complex hashing problems to add a new block to the blockchain. In return, miners receive Bitcoins for the work done.

Choosing the Best Bitcoin Sportsbook

Choosing a reputable Bitcoin betting site is important for both newcomers and experienced crypto bettors. The right betting site not only ensures safe, secure, and anonymous transactions but also offers valuable bonuses, high betting odds, and a range of sports. When selecting the right BTC bookie, you should consider the following:

Payment Speed

Quick Bitcoin deposits and withdrawals allow you to place bets and cashout winnings without delays. While Bitcoin transactions are super-fast, you need to check the bookie’s processing times. Start by checking if the deposits are processed instantly. After that, check the withdrawals to ensure they are processed within 0-24 hours.

Payment Security

Secure transactions play a significant role in ensuring your Bitcoin funds are safe all the time. For this reason, you should only pay attention to Bitcoin sports betting sites that prioritize the safety of your funds. Check if the betting site has implemented robust security measures such as 128-bit and 256-bit SSL encryption.

Banking Fees

Low transaction fees save you money, making Bitcoin betting more cost-effective. While Bitcoin transaction fees are lower than fiat currencies, some sportsbooks may charge extra fees for deposits and withdrawals. Check these fees to ensure they are zero or negligible. That way, you will have more money to bet with and withdraw.

Withdrawal Limits

The withdrawal limit is a crucial factor that you shouldn’t overlook. Low withdrawal limits are beneficial for bettors who make small transactions. On the other hand, high withdrawal limits are ideal for high rollers who make large transactions frequently. Check these limits to ensure they blend perfectly with your budget.

Bitcoin Betting Bonuses

Betting bonuses increase the amount of BTC and time spent on betting, enhancing your overall betting experience. Pay attention to sportsbooks that treat bettors to a range of bonuses, including free bets, no deposit bonuses, match deposit bonuses, and cashback bonuses. You should also read bonus terms to ensure they are transparent.

Variety of Sports

A great selection of sports and betting markets keeps the betting experience exciting and engaging. To this end, you should prioritize sportsbooks with a diverse selection of sports such as Boxing, Basketball, Football, Golf, and Horse Racing. Besides, you should check the betting odds to ensure they are among the highest in the market.

How to Bet with Bitcoin

The most exciting thing about Bitcoin betting is that anyone, including novice bettors, can do it without facing difficulties. Below is a step-by-step guide on how to get started:

Step 1: Purchase Bitcoin

The first thing you need to do is purchase BTC from cryptocurrency exchanges. Ensure you buy your BTC from secure and reputable exchanges to avoid losing money to scammers. Among the most trusted cryptocurrency exchanges include Crypto.com, Binance, Gemini, and Kraken.

Before you buy your BTC, you need to register an account with cryptocurrency exchanges. The account creation process is simple and includes submitting details like full name, email address, password, and country. Most platforms also require you to verify your account by uploading a passport/government-issued ID.

Once your account is ready, you can transfer some funds using accepted payment methods. Most Bitcoin exchanges accept payment methods such as e-wallets, cryptocurrencies, and credit/debit cards. After funding your account, buy the BTC coins you want and transfer them to your preferred BTC wallet.

Step 2: Sign Up at a Bitcoin Betting Site

Setting up a betting account is pretty simple. You first need to select a reputable BTC bookmaker. Fortunately, we have found the best sites for you, and you only need to select one from our list. When selecting the best sportsbooks, we considered key features such as licensing, security, user reviews, promotional offers, and sports selection. After selecting the sportsbook you want, you can sign up using these steps:

1. Click on our link to visit the sportsbook’s official website.
2. Find the "Register/ Sign Up" button on the homepage and click on it. In the sign-up form, fill in personal details like email address, full name, phone number, and date of birth. You will also need to provide a secure password.
3. Accept the sportsbook's privacy policy and terms and conditions. You will also need to tick the box confirming that you are of legal age to gamble.
4. Verify/confirm your betting account. This includes confirming the email address or phone number used to register an account.

Step 3: Deposit Bitcoin Funds

Transferring BTC funds to your account is also straightforward. You only need to head to the cashier section and select Bitcoin as your deposit method. After that, copy the wallet address provided by the betting site. Make sure the wallet address is correct to avoid sending BTC funds to the wrong recipient.

Log in to your BTC wallet account and copy and paste the sportsbook’s wallet address. After that, enter the BTC funds you want to transfer and authorize the transaction. BTC transactions are instant but may take a couple of minutes in case of network congestion. Keep in mind there is a small processing fee that can be as low as $0.5- $0.9.

Step 4: Place Your Bets

You can place the first BTC bet by clicking on the “Sports” tab and selecting the sports and betting markets you want. The best Bitcoin sports betting sites have a variety of sports for you to choose from. You can pick from popular sports like Tennis, Horse Racing, Soccer, and Basketball.

The betting markets are also diverse but may vary from one sport to another. For example, Football has markets like totals, match winners, odds/even, GG/NG, and correct scores. Pick the market you want and enter the amount of BTC you want to bet with. Finally, click on the “Confirm Bet” or “Place Bet” button.

Step 5: Withdraw Your Winnings

To make a withdrawal, head to the withdrawal section and select Bitcoin as your payment method. After that, enter the amount of BTC to withdraw and provide the Bitcoin wallet address where you want to receive your funds. Ensure the Bitcoin wallet address is correct to avoid losing funds.

Lastly, submit the withdrawal request and wait for your funds. Bitcoin withdrawals are typically instant but may take several minutes or hours due to the sportsbook's processing times. There is also a small processing fee that depends on several factors, like data volume.

Benefits of Bitcoin Betting

Using Bitcoin for sports betting comes with several benefits. Unlike traditional payment methods, Bitcoin offers fast, secure, anonymous, and low-cost transactions.

Faster Transactions

Bitcoin's blockchain technology enables quicker transactions than traditional banking methods. The transactions typically take a few minutes, while those of traditional banking methods take 1-7 banking days. This makes Bitcoin the ideal payment method for sports bettors who want to place bets and access winnings promptly.

Lower Transaction Costs

While Bitcoin transaction fees depend on several factors, like data volume and demand, they are generally lower than traditional banking methods. They can range from $0.5-$0.9, lower than traditional banking methods, which charge up to 2.5%. With lower fees, you can rest assured of saving on transaction costs.

Enhanced Privacy and Anonymity

Bitcoin doesn't need you to provide personal details to complete transactions. All you need is a Bitcoin wallet address, and you will be good to make deposits and withdrawals. This provides the highest degree of privacy and anonymity.

High Security

Bitcoin is a decentralized, peer-to-peer cryptocurrency not owned by any entity, individual, or country. This means no third parties are monitoring your transactions. Bitcoin transactions are also SSL encrypted, protecting financial transactions from scammers.

Essential Features of Bitcoin Betting Sites

The presence of Bitcoin doesn’t mean that a sportsbook is good. You need to go beyond and check essential features that ensure a safe and enjoyable betting environment.

The important features you need to pay attention to include:

Bonuses and Promotions

Bonuses and promotions provide extra funds, allowing you to place bets with free money. Start by checking if the Bitcoin betting website offers attractive welcome bonuses such as free bets and match deposit bonuses. After that, check if you can claim ongoing promotions like no deposit bonuses, reload bonuses, and cashback bonuses. These bonuses not only increase your playing time but also allow you to win real money.

Range of Sports and Games

A diverse range of sports and betting markets allows you to pick from many betting options, increasing engagement and satisfaction. The best Bitcoin sportsbook should cover all popular sports, including Soccer, Golf, Baseball, and Rugby, Basketball. The sportsbook should also offer high betting odds and a range of betting markets.

Payment Speed and Fees

Fast transaction times ensure quick deposits and withdrawals. Ensure the sportsbook’s banking department is efficient, allowing you to place bets and access your winnings immediately. Moreover, the processing fees should be low, allowing you to save on transaction costs. If possible, prioritize betting sites with zero processing fees.

Customer Support

A responsive and helpful customer support team ensures a seamless betting experience. Pay attention to BTC betting sites that solve issues around the clock via multiple support channels like live chat, email, and phone.

Licensing and Security

A licensed and regulated betting site ensures fair play and a secure betting environment. Prioritize sportsbooks that operate with licenses granted by well-known licensing bodies such as UKGC, MGA, and Curacao. These authorities oversee sportsbooks’ operations, helping in maintaining their integrity.

Bitcoin Deposits and Withdrawals

Using Bitcoin to make deposits and withdrawals at online betting sites offers a variety of benefits, including speed, minimal fees, security, and privacy. Below is a step-by-step guide on how you can make Bitcoin deposits and withdrawals:

How to Deposit with Bitcoin

1. Create a Bitcoin wallet: The first step to making a Bitcoin deposit is to acquire a Bitcoin wallet. This will help you store your BTC funds. You can acquire one from reputable platforms like Exodus, Electrum, and Coinbase.
2. Purchase BTC: You can buy BTC from cryptocurrency exchanges. Among the most trusted ones include Crypto.com, Gemini, and Binance.
3. Log in to your betting account: Once logged in, head to the deposit section and select Bitcoin as the deposit method.
4. Transfer BTC funds: In the deposit section, copy the Bitcoin wallet address provided by the Bitcoin sports betting site. You need to be accurate when copying the receiver’s address to avoid transaction errors. Log in to your Bitcoin wallet account and copy and paste the receiver’s wallet address. Lastly, enter the BTC you want to send and authorize the transaction.

How to Withdraw with Bitcoin

1. Head to the withdrawal section and select Bitcoin as your payment option.
2. Enter the amount of BTC funds you want to withdraw. After that, enter the Bitcoin wallet address where you want to receive funds.
3. Confirm the transaction. Bear in mind that some Bitcoin betting sites may require you to undergo KYC verification when making the first withdrawal.
4. Wait for your funds: Bitcoin withdrawals usually take a few minutes.

What is the BTC Withdrawal Speed?

Bitcoin withdrawals are typically processed within a few minutes due to the efficiency of the Bitcoin network. However, some factors, such as network congestion and site processing timeframes, could affect the withdrawal speed.

Are There Any Fees I Need to Know About?

Bitcoin transactions usually have lower transaction fees compared to traditional payment methods. The fees depend on several factors like data volume and demand but can be $0.5-$0.9. There are also processing fees for sportsbooks that vary from one site to another.

Bitcoin VS Other Cryptocurrencies for Sports Betting

Bitcoin is by far the most popular cryptocurrency, with over 200 million BTC holders globally. In this section, we will compare it to other digital currencies regarding speed, fees, security, volatility, and acceptance:

• Transaction speed: While Bitcoin transactions are generally fast, other cryptocurrencies such as Tron and Monero offer faster transactions. Bitcoin has a TPS of 7, while Tron has 2000 TPS.
• Acceptance: There are more than 200 million BTC owners globally. This wide acceptance and large user base make Bitcoin a preferred choice for many sports bettors. While other cryptocurrencies, such as Cardano and Ethereum, are known for their smart contracts, Bitcoin remains the most trusted virtual currency.
• Transaction fees: Although Bitcoin’s transaction fees are generally low, other digital currencies, such as Tron, Ripple, and Litecoin, offer lower transaction fees.
• Security and privacy: Bitcoin's decentralized blockchain and advanced SSL encryption make it one of the most secure digital currencies. However, other cryptocurrencies, such as Monero, have enhanced privacy features that make transactions untraceable.
• Market volatility: Bitcoin's price can fluctuate quickly, impacting betting outcomes. However, it's more stable than other cryptocurrencies, such as Dogecoin.

Popular Sports to Bet on with Bitcoin

The best Bitcoin betting sites don't disappoint when it comes to sports selection. Whether you like fast-paced sports such as Basketball or traditional sports such as Horse Racing, the sportsbooks have got you covered. Below, we discuss the 5 most popular sports you can bet on with BTC:

Basketball

Known for its fast-paced gameplay, Basketball attracts millions of fans globally and a significant amount of bets at online sportsbooks. Our featured Basketball Bitcoin betting sites cover top leagues like the NBA, Euro League, Liga ACB, BSL, and BBL. You can choose from Basketball betting markets such as match winners, totals, odd/even, and futures.

Football

Football, also known as Soccer, remains the most popular sport, with billions of fans worldwide. The sportsbooks listed in this Bitcoin betting guide cover a variety of events, including Serie A, La Liga, Bundesliga, and the English Premier League. The Football betting markets are also plentiful and include 1X2, totals, handicaps, correct scores, and odd/even bets.

Baseball

Baseball is another popular sport that dominates most Bitcoin sports betting sites. From MLB Bitcoin betting to NPB betting, KBO betting, and LMB, Baseball has something for everyone. You can place Baseball bets such as moneylines, over/under, run lines, and prop bets.

Horse Racing

Horse Racing has been around for centuries, and it's still popular among crypto bettors. You can try your Horse Racing betting strategies on renowned races such as the Epsom Derby, Kentucky Derby, and Melbourne Cup. You can also place a variety of bets, such as quinella and trifecta.

E-Sports

E-sports betting has increased in popularity in the past few years, especially among the new generation of crypto bettors. E-sports Bitcoin betting sites offer a range of games, including Overwatch, League of Legends, Valorant, Dota 2, and Fortnite. These games come with plenty of markets like totals, futures, and match winners.

Bitcoin Betting Bonuses

The best Bitcoin sports betting sites have lined up attractive bonuses for both new and existing players. Whether you like rolling with welcome bonuses, free bets, no deposit bonuses, or cashback bonuses, the sportsbooks have got you covered.

Below are the 5 popular bonuses you can claim:

Match Deposit Bonuses

A match deposit bonus dominates most BTC sportsbooks. This bonus is usually awarded as a welcome bonus and matches your first BTC deposit by a certain amount. For example, a 100% match deposit bonus will double your first BTC deposit. So, if you make the first deposit of 0.002BTC, you will get a bonus of 0.002BTC.

No Deposit Bonus

A no deposit bonus is another appealing incentive that you can receive without making any BTC deposit. You can receive a no deposit bonus by registering an account or completing tasks such as downloading a mobile app. While this bonus is usually small, it's a great way to place bets without risking your cash.

Free Bets

A free bet is the equivalent of bonus spins at casino sites. As the name suggests, a free bet bonus allows you to place a bet without spending your own funds. You can get a free bet right away after registering an account or after losing your first bet.

Cashback Bonuses

Cashback bonuses are designed to return part of your losses during a given period. To be eligible, you need to place bets and lose a certain amount of money. If you lose, the Bitcoin sports betting site will return a percentage of the net losses. For example, you may receive 20% of your losses.

High Rollers

High roller bonuses are among the most lucrative rewards that can significantly boost your betting potential. As the name implies, the bonuses are designed for high rollers who make huge deposits and big bets. While bonuses provide extra funds, they usually come with terms and conditions. Among the most common terms are expiry dates, eligible sports, maximum win, wagering requirements, and minimum deposit. You can make the most out of the bonus by complying with all the bonus terms.

Expert Tips for Betting at Bitcoin Sportsbooks

While Bitcoin betting is simple, you need to apply some tips to avoid incurring huge losses. Some of the helpful tips include:

Tip 1: Bankroll Management

Bankroll management involves setting aside the amount of BTC funds you want to spend betting on sports. You can, for example, set a daily, weekly, or monthly wagering budget. If you exhaust the amount set aside, you shouldn't add more until the next wagering period. This betting strategy will help you avoid significant losses.

Tip 2: Take Advantage of Bonuses and Promotions

Bitcoin sports betting sites have bonus systems that reward bettors with attractive bonuses. You can claim these bonus offers and enjoy betting on sports without digging deeper into your pockets. Furthermore, you need to understand how each bonus works to make the most out of it.

Tip 3: Research Sports and Teams

Before playing the first BTC bet, research the different sports and understand how they work. For instance, if you want to bet on Football, you need to understand how it's played and the different teams and markets to bet on.

##Tip 4: Diversify Your Bets Bet diversification is a betting strategy that helps in maximizing your winning potential. The strategy involves placing an accumulator bet across different sports. This not only spreads your risk but also increases your chances of winning.

Tip 5: Stay Updated with the Latest Sports News and Trends

To be a smart bettor, you need to be aware of what is happening in the world of sports. For example, knowing the latest football signings can help you make informed betting decisions.

Tip 6: Play Responsibly

Bitcoin betting should be enjoyable. If you think betting is getting out of hand, you can take a break. You can also use responsible gambling tools provided by the sportsbook. These tools include self-exclusion and setting limits like deposit limits, wager limits, and loss limits.

Pros and Cons of Bitcoin Betting

Bitcoin remains the most widely accepted and trusted cryptocurrency. Sports bettors love Bitcoin because it provides fast and anonymous transactions. Its appeal also lies in secure transactions and low processing fees.

Bitcoin also has some pitfalls you need to keep in mind. Its value can fluctuate significantly, impacting betting outcomes. Furthermore, Bitcoin doesn’t have a central body that regulates it.

Pros:

• Low processing fees
• Faster transactions
• High level of security
• Anonymous betting

Cons:

• Bitcoin is volatile
• No central authority
• Transactions are irreversible

FAQs

Is betting with Bitcoin safe?

Yes, betting with BTC is 100% safe. However, you need to make sure the sportsbook you join is safe and secure. Check if the site operates with legitimate licenses and the SSL encryption it has implemented to protect user funds.

Where can I buy BTC for sports betting?

You can buy BTC from reputable cryptocurrency exchanges such as Kraken, Binance, Gemini, and Coinbase.

Which sports can I bet on with BTC?

You can enjoy different types of BTC betting, including Football betting, Super Bowl Bitcoin betting, UFC Bitcoin betting, and CS:GO Bitcoin betting.

Where can I bet with BTC?

You can start betting with Bitcoin by joining our recommended sports betting sites. Start by reading our honest Bitcoin sportsbook reviews to ensure you join the right site.

Are Bitcoin withdrawals instant?

Bitcoin transactions are generally faster, with withdrawals taking 0-10 minutes. However, some factors, such as sportsbook processing times and network congestion, could prolong withdrawal times.