MyTopSportsbooks Bitcoin Betting Guide
Looking to bet with Bitcoin? As Bitcoin surges in popularity and relevance, the number of sportsbooks offering Bitcoin as a payment option has exploded. With larger bonuses, increased speed, and higher levels of anonymity, it is easy to see why. This guide will show you everything you need to know about signing up with and using a great Bitcoin betting site.
In this article, MyTopSportsbooks guides the best and safest Bitcoin sportsbooks, outlining why it’s important to use a safe Bitcoin sportsbook, such as Betus.
We even explain why sportsbooks offer Bitcoin and what’s in it for them.
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What are the best Bitcoin gambling sites for the NFL and other American Football now that Bitcoin sports betting has finally arrived? Is free Bitcoin betting and online crypto gambling available when beginners make the first deposit, and how do you get your share? Can you wager on horse racing? This article provides the answers to those questions and more.
The top Bitcoin-only sportsbooks, BTC betting apps, and offshore sportsbooks that now accept Bitcoin allow members to bet in Bitcoin. Members can place Bitcoin bets on the website or iOS smartphone app. But what are the best Bitcoin sportsbooks? Are Bitcoin casinos table games available, or sports only? Is League of Legends esports betting available?
Read on to learn more about how you can bet with Bitcoin safely and learn the best Bitcoin sports betting sites.
BTC sports betting
While some Bitcoin-only sportsbooks and BTC sports betting apps are safe, their limited track record and relative ease of set-up make them a target of unscrupulous operators. The number of defunct Bitcoin sportsbooks, like BitBook.biz and BetVip.com, is, unfortunately, growing every day.
This can make selecting a Bitcoin sportsbook a difficult process. When these sportsbooks decide to cease trading, it happens so quickly and often leaves customers without any recourse to recover funds.
Most Trusted and Reliable Bitcoin-Equipped Sportsbooks
Offshore Bitcoin sportsbooks, on the other hand, with proven track records of years in business that now accept Bitcoin deposits, are the safest to trust. These online sports betting Bitcoin apps were some of the first online, with some having track records of 20+ years operating.
We’ve listed the best options below to guide you through the world of Bitcoin-equipped sportsbooks.
Bovada’s international reputation precedes it. An industry leader in all areas, Bovada was one of the first sportsbooks to accept Bitcoin deposits and provide Bitcoin withdrawals.
This page answers questions relating to this famous bookie and the world’s most popular Crypto token, above the likes of Dogecoin (Doge), Ripple and Dash. You should know how long the Bovada Bitcoin deposit takes. It’s instant, by the way. Does Bovada payout in Bitcoin? You bet. What are the fees for using Bovada withdrawal for Bitcoin? Zilch.
Bovada’s minimum Bitcoin deposit is $20, while the maximum is $5,000. Bovada’s withdrawal limit is $3,000 per transaction. The Bitcoin interface within Bovada is top-notch, making the process of depositing, betting, and withdrawing with Bitcoin seamless.
There are no fees for Bitcoin withdrawals and deposits at Bovada. The Bovada Bitcoin withdrawal process is one of the best around. Many of the Bovada Bitcoin exclusive offers can even be withdrawn quickly after use but remember to read the wagering requirements.
Remember, Bitcoin isn’t exclusive to Bovada, and you can find some of the other options listed below.
Bitcoin is the currency of the internet age; it knows no boundaries or geographic constraints. SportsBetting.ag celebrates this and erases all restrictions for its clients who deposit in Bitcoin.
SportsBetting.ag processes deposits 24/7 and processes withdrawals during regular business hours from Monday to Friday. If a withdrawal is requested during regular business hours, SportsBetting.ag clients will have their Bitcoin wallets credited within 24 hours, which is lightning-fast compared to most traditional currency withdrawals.
The maximum deposit with Bitcoin at SportsBetting.ag is a whopping $25,000 when signing up online. The minimum deposit is $20. Every bettor is entitled to one free Bitcoin withdrawal per month.
BetOnline is heavily involved in the world of cryptocurrency; not only do they accept Bitcoin, but they also offer crypto deposits in Ethereum (Eth) and Litecoin (LTC) on a range of sports, often offering crypto bonus offers like a free bet or other popular betting bonuses.
Bitcoin withdrawals at BetOnline take 48 hours and are usually processed in a much shorter time frame. Our research found that the withdrawal process took under 60 minutes if requested during regular business hours. Deposits are processed faster, and the Bitcoin you transfer to the site will be available in your account in two hours or less.
BetOnline’s maximum Bitcoin deposit is $25,000, and the maximum withdrawal is $10,000. When you withdraw at BetOnline, the online sportsbook charges a standard 2% fee. This fee applies to all currencies and withdrawals; it is not specific to Bitcoin.
GTBets subjects Bitcoin bets, deposits, and withdrawals to the same rules as their traditional financial methods to ensure their client’s safety and security. This includes identity verification, and all GTBets users must provide documentation (e.g. valid state/government photo ID) before receiving a withdrawal and making their sixth deposit.
The maximum deposit in Bitcoin at GTBets is $5,000. Their minimum deposit amount is $35. Free withdrawals in Bitcoin are available at GTBets once every rolling 30-day period. Additional withdrawals are allowed weekly, subject to a 5% fee. However, this fee maxes out at $60 for Bitcoin withdrawals.
Unlike other BTC sportsbooks, GTBets allows you to withdraw via an alternate method if you deposit in Bitcoin.
Though the site’s name evokes old-fashioned bookmakers, MyBookie.ag is no Luddite and is readily equipped to serve Bitcoin-loving clients.
Maximum Bitcoin deposit and withdrawal limits are equal. They are both fixed at $10,000. At the longest, deposits will take one to two days to confirm. Often, Bitcoin deposits are verified in a much shorter time frame.
Withdrawals take a little longer, however, and are only processed during regular business hours from Monday to Friday. Once a withdrawal is processed successfully, bettors will receive their funds within one week. Keep your eyes peeled for their free bets too.
*Were you surprised not to see DraftKings, FanDuel, Cloudbet or BetMGM in our Top 5? Those brands are not yet available for sports bettors in all 50 states. It’s not even close. The brands we chose offer much better coverage around the United States and can offer you more competitive odds and higher betting welcome bonuses, reload bonuses and rollovers because they are not spending money on TV advertising or lobbying efforts.
4 Reasons Why Using Safe Bitcoin Betting Sites Is Important
If you don’t research when choosing from the various Bitcoin betting sites, you risk sending money to bad actors. There are many sportsbooks with unreliable banking, payouts, and withdrawals. Hundreds of online sportsbooks have encountered bankruptcy and solvency issues in the past (which was one of the motivating factors behind this site, to begin with). There are four main reasons you should use a safe Bitcoin cash sportsbook, like Betonline.
Thankfully, we have, once again, researched for you. Every Bitcoin betting site we recommend above not only accepts Bitcoin but also has a long, proven history of reliability, sound financial planning, and top-notch customer service. Given their upstanding reputations, we are confident that these sportsbooks are safe options for your money and your Bitcoin.
1. No Risk of Losing Your Money
Our readers often ask, “Is Bitcoin a gamble?” but blockchain speaks for itself. The level of security offered through crypto is built into the system. The sportsbooks we recommend will convert your BTC into USD at the time of deposit; they convert USD back to BTC at the time of withdrawal. Not only are you protected against Bitcoin’s volatility this way, but you’re protected from any Bitcoin hacker targeting your sportsbook.
Everyone’s heard the horror stories of Bitcoin exchanges and crypto exchanges being hacked. When you store Bitcoin via a “hot wallet” (one that lives on the internet), it’s possible that hackers can get access to all the Bitcoin on the wallet and drain all the funds. Bitcoin’s security might be infallible, but this doesn’t apply to wallets themselves. If you’re using a Bitcoin-only sportsbook, there’s no guarantee that they are taking the proper security precautions to protect your Bitcoin; improper storage, even with the best intentions, can be disastrous. If a Bitcoin-only sportsbook gets hacked, it’s possible you could stand to lose all your BTC.
When you place Bitcoin bets with a traditional sportsbook, and they convert it to USD, your funds are 100% safe. There’s nothing for hackers to get their hands on this way. If security is your chief concern, as it always should be, traditional, full-service sportsbooks are your best option. Leave the chance to your sports bets themselves.
2. More Betting Options and Better Odds
Because they don’t have the long history and experience of established books, Bitcoin-only sportsbooks don’t offer bettors the same bets and odds that traditional books do. Bitcoin-only sportsbooks tend to have fairly drab lines; they don’t offer lines on more obscure leagues and sports, and there aren’t as many betting options for sporting events.
If you want a wide range of multiple bets, other bets, live bets, or sharper odds, there’s no question your best option is a traditional sportsbook with expert oddsmakers. There’s no substitute for experience when offering full-service betting options, which is why we recommend sportsbooks that have integrated Bitcoin instead of solely focusing on it.
3. Quicker Payouts and High Standards of Accountability
Traditional sportsbooks pride themselves on quick withdrawal times and the ability to be held accountable if they fail to meet these rigorous standards. Brand-new, Bitcoin-only sportsbooks often don’t abide by these same standards of quick payout. Their financial and customer service departments aren’t as fully developed, well-rounded, and staffed as traditional books. Of course, this means that delays in withdrawal are regular and expected. In traditional Bitcoin betting sites, you do not have anything to worry about.
4. Top-Notch Customer Service
This plays a huge part in the customer’s betting experience, regardless of if they are gambling on sport, in-play, esports betting or earning a promo code.
The sportsbooks we review have fully developed client service for first-time bettors and experienced gamblers. Whether you prefer to contact customer service via email, phone, or live chat, traditional sportsbooks have covered you. Because of the size and relative newness of Bitcoin-only sportsbooks, they do not offer the same full-serve customer service.
Further, their response times are often delayed. Stick with a traditional sportsbook integrated with Bitcoin if you want a guarantee of prompt customer service. The team can also help with everything from cryptocurrency betting on top-rated competitions like the NBA, issues with a mobile app, different sports, the sign-up bonus, and even changing your currency to and from US dollars.
What Makes a Legitimate Bitcoin Sportsbook?
Sportsbooks and crypto casino games are always looking to improve their standing in the sports betting market by enhancing their functionality and serviceability. Consequently, the best sportsbooks and online casino apps started offering Bitcoin betting to their clientele around 2014. But it wasn’t only the quality sportsbooks that sought to carve out a Bitcoin niche.
Other “Bitcoin-only” sportsbooks also started popping up on the internet. But you won’t find any of these on our recommended sites. These “Bitcoin only” sportsbooks are less reliable than traditional sportsbooks, and none of them meets our exacting standards for what constitutes a safe Bitcoin sportsbook.
Sportsbooks must be licensed and held to high standards of accountability for their clientele. Because the traditional sportsbooks deal with fiat currency and must work in tandem with banks, meeting KYC and AML requirements, their licenses subject them to much more stringent requirements than Bitcoin-only sportsbooks.
Many Bitcoin sportsbooks have some kind of license. A “license” for them means a lot less than it does at a traditional sportsbook. Even some of the biggest Bitcoin sports betting sites have dubious licenses that are difficult to decipher and understand.
The sites we advocate are the ones that score the highest on our meticulously crafted safety metrics. Unless a sportsbook has a long history of outstanding dependability, we will not back it, Bitcoin-equipped or otherwise. The following list only includes safe, mainstream sportsbooks that have adopted Bitcoin as a payment method. Please don’t risk making bets like Parlays at another site, regardless of the perks, as it may be dangerous.
Bitcoin Sportsbooks Key Advantages
If you are familiar with the sportsbook sign-up process and betting on sports, starting a Bitcoin wallet will come as second nature. Like online banking, you need an account, a secure password, and money to buy and sell. It’s no different than using Amazon or eBay. Check out all the benefits of our guide to Bitcoin sports betting.
However, what you’re buying and selling is currency instead of goods. Once you have a digital wallet, which can be attached to a bank account or credit card, you’re ready to bet using Bitcoin. Note that because Bitcoin can be transferred very quickly and in large increments, sportsbooks often incentivize using the cryptocurrency.
Storing Bitcoin & Cashing Out
In the same way that you may have an account where you can buy and sell stocks or engage in online banking, there are lots of reputable digital wallets available. You sign up for a free account and use it to buy, sell, or hold whatever currency you like. This is where you can convert Bitcoin to dollars or vice versa and move money from one institution (bank, credit card, currency) to another.
If you send a payment, you go to the wallet, indicate where your money is going and how much of it, and hit send. If you request cash, it lands in the wallet after giving simple instructions. You can transfer it to your bank or use it as a holding place.
A Superior Product
If you are attracted by efficiency, Bitcoin is perfect for you. The blockchain is incredibly safe because multiple people verify each transaction, it is very fast, and user-friendly online betting sites love Bitcoin bettors.
If you get a last-minute tip on a game and want to put serious cash into it, moving money around using credit cards or wires takes time and can be capped. Bitcoin transfers are faster and not limited. Being able to act when opportunity calls is vital to successful sports betting. Read on to learn how to use Bitcoin to place bets on sports, esports, and virtual sports at the best crypto sportsbooks.
Next Steps of Bitcoin Betting
You’ve made the plunge — congrats! Using Bitcoin to fund your sportsbook will make things easier and heavily reward you. But what strategies should you use to make your bets winners? What information do you need to know about various wagers? What are your options when it comes to betting?
Getting a few bucks down is exciting, but the real fun is winning, and our resources can help you accomplish that goal. Get the answers before you start betting with Bitcoin.
Learn more about Bitcoin gambling in the USA
You should know as much about blockchain sports betting before trying it out. Betting with Bitcoin is great, but it requires your full attention. If you still have some questions relating to Bitcoin sports betting, there is further reading you can do to increase your understanding.
Your favorite betting platform’s FAQs page is a great source of information on placing a Bitcoin sports bet or helping you better understand Bitcoin gambling websites that can handle your BTC bets. BTC gambling sites are on the rise, but getting one, you can rely on it’s always easy.
We hope you enjoyed our article and now have an answer to the question, what is the best Bitcoin sportsbook? Will you use an offshore bookie or go with one promoting itself as the best Bitcoin gambling site in the USA? Your next move and Bitcoin bet could be crucial.
Use live chat for more on Bitcoin bets.
Still can’t find what you’re looking for on the best Bitcoin betting site’s FAQ page concerning sports betting with Bitcoin. Then, contact your Bitcoin sports betting site’s customer support team. They are there to help around the clock and are both friendly and knowledgeable.
You can get in touch by phone, email, or live chat. We always suggest the latter option, knowing the live chat feature is the quickest way to get an answer to your Bitcoin sports betting sites queries.
You can ask the team anything relating to the subject. Are safe sports betting with Bitcoin available on that app? What is the best Bitcoin wallet for online gambling, and what are their BTC gambling rules? They can also help with what to do if your Bovada Bitcoin deposit isn’t showing up and how to stop your Bovada account from being hacked.