The chances are you would have already noticed the latest Bitcoin betting sites. The world’s most famous cryptocurrency has impacted almost every aspect of our daily lives, and using a Bitcoin sportsbook is just the latest craze.
But what are the best Bitcoin gambling sites, and are there first deposit welcome bonus free bets available? Do bookies accept Litecoin (LTC), Dogecoin (DOGE), Ethereum (ETH) or any other crypto tokens? Our FAQs section is here to help.
Not all bookies accept Crypto, and Bitcoin sports betting apps aren’t as commonplace as they soon will be. Change is coming, and we forecast that free Bitcoin betting will be everywhere within the next 12 to 24 months. You must be ready for BTC betting by joining the top Bitcoin sports betting sites.
Don’t get caught napping if you want to use Bitcoin online gambling at a bookie like Betus. We aim to ensure you are at the front of the line when bookies when Bitcoin bets become all the rage soon. Using Crypto to wager on sports like the NFL, NBA, and esports betting will surprise some gamblers, especially new players. It may even throw them off their stride. That won’t be the case for those who have read our BTC sports betting article.
The future is here
If you’re already placing bets on horse racing at your BTC sportsbook with Bitcoin using your iOS device, you’re ahead of the curve. If you’re not, we’re here to draw your attention to the fact that using Bitcoin for deposits and withdrawals at online sportsbooks is the future. Sportsbooks are almost always the first adopters of any significant innovation in retail financial technology, and Bitcoin is no exception.
We outline all the significant advantages of using Bitcoin, teach you how to deposit and withdraw Bitcoin from your sportsbook and give you insider tips on how to harness the benefits of Bitcoin at your American bookie successfully. Want the best Bitcoin sportsbooks like BetOnline? You’ll find that information here too.
A Primer on Bitcoin from MyTopSportsbooks
Bitcoin is, in essence, a virtual currency (which many refer to as “the internet of money” or “Bitcoin cash”). Once you become familiar with a few minor details, Bitcoin is just as easy to use as platforms like Neteller or PayPal.
Built on blockchain technology, Bitcoin’s control is beyond any person, entity, or institution’s purview, making it a natural fit for your BTC sportsbook. No banks have any involvement in Bitcoin transactions whatsoever. Read to learn how to bet with Bitcoin.
5 Advantages of Using Bitcoin for Sports Betting
All successful sports bettors find their “edge” over their sportsbook by scrutinizing the tiniest details. “Sharps” shop for the best lines, divide their bets with methodical precision, and use complex mathematical prediction models. They even factor in variables like wind speed and humidity.
If you want to claim an edge like those sharps, you can get it by using Bitcoin sportsbooks. When playing on Bitcoin betting sites, you’ll have anonymity, perfect security, access to huge sign-up bonuses, financial flexibility, and quicker processing times.
Best of all, sports betting Bitcoin features lower fees than conventional banking methods. This is the MyTopSportsbooks Top-5 advantages of using Bitcoin for betting:
1. Sportsbooks Offer Bigger Bonuses on Bitcoin Deposits
Bitcoin sports betting is just as advantageous for your betting platform as for bettors. (Sportsbooks don’t want to deal with third-party institutions — like banks — and their associated fees more than you do.)
To encourage Bitcoin and other cryptocurrencies, sportsbooks offer more enticing bonuses for Bitcoin deposits than with conventional currency – this is the same with reduced juice sportsbooks. In many cases, Bitcoin bonuses are up to 2x bigger. Sign up for a Bitcoin sportsbook, and you’ll be ready to deposit.
Initial Deposit Bonuses
Are you searching for a big deposit bonus? Bitcoin should be your deposit method of choice.
As a rule of thumb, when you deposit via conventional methods (i.e. credit card, bank transfer, PayPal, etc.), your sportsbook will likely cap your bonus. Depending on the site, this could be anywhere from $25-$500 and will usually only match a portion of your deposit.
If you deposit with Bitcoin, the maximum limit tends to be higher (as high as $1,000), and your sportsbook is more likely to match 100% of your deposit. This works at apps like MyBookie on sports bets, parlays, and online casino games.
Bitcoin Reload Bonuses
In addition to sizeable initial deposit bonuses for first-time gamblers, many sportsbooks like sportsbetting.ag offer Bitcoin-specific reload bonuses or promo code. Our research found that bonus offers like Bitcoin reload bonuses came with a significantly higher match percentage than their conventional counterparts.
Additionally, Bitcoin reload bonuses are usually available every time you re-up, not just intermittently or seasonally, like traditional deposit methods. They can be used in almost every sports event. As a whole, Bitcoin reload bonuses are far superior.
Keep reading for more on the best crypto sportsbooks for sports, virtual sports and crypto casinos. We haven’t even scratched the surface of the best Bitcoin sports betting sites and providers.
2. Deposits with Bitcoin Will Never Be Rejected
How long does a Bovada Bitcoin deposit take? And what happens if your Bovada Bitcoin deposit isn’t showing up? If you’ve been betting on sports for any time, you’ve likely had some transaction, be it a deposit or withdrawal, rejected by a third party. It is, unfortunately, within the rights of a third party that oversees your money to restrict your transactions. If you give money to an intermediary, they often have the express right to block transactions with an online bookmaker.
Credit card companies (especially if you’re in the US) prefer not to deal with sportsbooks and the blurry legal ground they rest on. Many sportsbooks house their centers of operation offshore and store their bettors‘ funds in a multitude of banks across the world. Details of this sort will raise the eyebrows of any square financial institution; this is where Bitcoin comes in handy.
Protect your privacy
As mentioned previously, no single party can control Bitcoin transactions. Consequently, Bitcoin transactions do not have to pass through any third party. The authorized transactions—purchases, withdrawals, or deposits—is only subject to the mathematical proofs of the blockchain.
Arbitrary restrictions imposed by a bank or credit card company will never factor into a Bitcoin transaction. You can acquire, hold, and spend Bitcoin in whatever manner you see fit, with a guarantee of anonymity; this is a benefit you won’t get with traditional payment methods.
3. Bitcoin’s Security Is Top-Notch
A common question from readers is, “Is Bitcoin a gamble?” We always make it clear that it’s engineered with financial security in mind and has built-in protections against identity theft, fraud, and malicious third-party infringement. The only time you’ll ever have to give away any part of your identity is when you purchase Bitcoin at an exchange. When you send Bitcoin to your sportsbook, your sportsbook does not receive any of your personal financial information.
If you’ve ever felt uncomfortable providing a sportsbook with personal information (i.e. a copy of your utility bill, a driver’s license, etc.), then Bitcoin is the payment method for you. Sportsbooks will never require you to verify your personal information to match your bank account when you use Bitcoin; you only need a unique Bitcoin address and private key. No more phoning your bank, credit card company, or sportsbook customer service. No more inconvenience! With Bitcoin, you only give your sportsbook a cryptographic protocol.
All the sportsbooks we recommend are of the highest quality. We pride ourselves in only pointing you to sportsbooks that you can rely on for safety, efficiency, and seamless overall user experience. That said, it’s impossible to know what’s going on internally at a sportsbook; things can often change very quickly.
Take control of your security.
We have had to block sportsbooks for failing to maintain a reputation for consistent customer service and financial safety. Financial criminals target any online location where money changes hands, including sportsbooks. Credit card and bank information can be exploited if it falls into the hands of dangerous actors.
With Bitcoin, you are not sending sensitive information across the web, and hackers can’t subvert a Bitcoin transaction. If security concerns are paramount for you, Bitcoin should be your currency of choice over fiat currency.
4. Bitcoin Transactions Have Lower Fees
Are you sick of traditional banking and credit card fees? Handling fees, currency conversion fees, transfer fees, escrow fees, and a host of other hidden costs are part and parcel of dealing with a third-party intermediary. As we mentioned, using Bitcoin means you don’t have to pay for third-party oversight. Instead, you have to pay only one fee: the miner’s fee.
What exactly is a miner’s fee? As discussed, the “blockchain” confirms transactions on a public ledger; nodes within the network verify and authenticate Bitcoin moving around. This takes a vast amount of computer power, and those who keep the Bitcoin network functioning are called “miners.” As an economic incentive, a tiny portion of Bitcoin from every transaction is given to the miners. This is the “miner’s fee.”
It is important to note that no miners receive any part of your personal information, and the blockchain automatically divides up the mining fee among many unrelated parties.
The sender is always responsible for the miner’s fee and generally decides how much it will be. (The higher the miner’s fee, the faster the transaction will be processed.) So when you send Bitcoin to your sportsbook, you will be responsible for covering this small fee.
Your sportsbook, such as Cloudbet, will absorb the fee when you withdraw your sports-betting winnings. These fees are minimal and significantly less than those involved with conventional currency.
Bitcoin Has Lower Minimums and Higher Maximums
As mentioned above, the lack of traditional banking costs and third-party involvement with Bitcoin gives sportsbooks more flexibility in their minimum and maximum deposit and withdrawal amounts. When bettors use Bitcoin, their sportsbook does not have to pay fees on deposits, either small or large.
Our research found that, on average, deposit minimums are 50% lower with Bitcoin. Similarly, we found that maximum deposits are, on average, 100% higher when using Bitcoin.
5. Bitcoin Transactions Are Faster
Whether depositing or withdrawing from your sportsbook, using Bitcoin guarantees the fastest payouts.
If you request a check or bank transfer, many things can go wrong and slow down the process. Between backups at your sportsbook and extra scrutiny by your bank’s security department, going through a bank can frequently take over two weeks.
Don’t want to wait? Use Bitcoin. We found that the average confirmation time for a Bitcoin deposit was 4-6 minutes, and most sportsbooks will let you begin betting before your transaction officially cements itself on the blockchain.
Need for speed
In our trials, the longest wait time for deposit confirmation by a sportsbook was 40 minutes. Keep in mind this is still much faster than going through a bank.
Bitcoin withdrawals are not as fast as deposits, but they are still swift compared to traditional banking methods. Our test runs took between 1 to 48 hours. The most common withdrawal time was four hours, which is very rapid by all standards. Withdrawing via regular currency often takes more than 300 hours from start to finish.
Bitcoin Sportsbooks Common Features
Before choosing a site from our list of safe Bitcoin sportsbooks, you should focus on the fine print details. Each site is slightly different on things like in-play betting and crypto deposits, and those differences may render one better suited to your needs than the rest. But when it comes to Bitcoin, they also share certain similarities across the board, including Bitcoin (BTC) to US Dollars (USD) conversion at your sportsbook.
All the Bitcoin online betting sites and mobile apps we recommend convert Bitcoin to USD instantly upon deposit. Additionally, they will switch your USD into Bitcoin at the withdrawal time. Safe Bitcoin sportsbooks do this to protect you from Bitcoin’s volatile price action.
“Miner’s Fees” and Your Responsibility
When we stipulate that Bovada Bitcoin withdrawals and deposits have no fees, we do not include “miner’s fees” in our payment options. As our definitive Bitcoin guide outlines, “miner’s fees” are always the sender’s responsibility.
So they’re your responsibility during deposits and the sportsbook’s responsibility during withdrawals. Keeping this in mind will enhance your betting experience.
Will Safe Bitcoin Sportsbooks Place Betting Restrictions on You?
Not the ones we recommend. Some safe Bitcoin sportsbooks may place betting restrictions on you, but none of the ones in our top-five list does so. Every Bitcoin sportsbook we advocate will allow Bitcoin users to freely wager on the NFL, NBA, MLB, NHL, NCAAB, NCAAF, and even on live betting markets, just like any other bettor.
How to Use Bitcoin at Sportsbooks
Depositing and withdrawing with Bitcoin can seem complicated at times. We’ve got your back as we outline the subtleties and nuances of the entire process of Bitcoin sports betting.
It is important to note that every sportsbook we recommend on our top 5 list will convert your Bitcoin to USD after your deposit. As a result, you will place all your bets in USD. When you withdraw your winnings, your winnings will be converted back to Bitcoin from USD and sent to your Bitcoin wallet. This protects bettors from Bitcoin’s volatile price action.
Please read the terms and conditions before finalizing. What are the withdrawal limits and minimum deposit? Is crypto gambling allowed when qualifying for your betting bonuses? What are the wagering requirements on the range of sports available before you can withdraw? The T&Cs are a great way to get the information you require.
Bet on Super Bowl with Bitcoin
At any of the sportsbooks, you can use Bitcoin to bet on the Super Bowl. While you can start Bitcoin betting anytime, the Super Bowl is a great time to do so. That is because you can double up on your crypto bonuses. Bitcoin deposits often have increased welcome and reload bonuses, and many sportsbooks play into the betting frenzy around the Super Bowl by offering great deals.
Also, many sports betting markets, rollover bonuses, and competitive odds are available during the Super Bowl. It is like no other time. The prop bets are everywhere, the Moneyline is hot, and the over/unders are expertly selected. Making a bitcoin Super Bowl bet is a great way to get in fast and ensure you have enough funds to enjoy as many bets as you would like during the big game.
To enjoy user-friendly gambling with Bitcoin, you must do it through the best crypto sports betting sites. The steps below explain how you can use the best crypto-betting sites to place bets.
How Do You Deposit Bitcoin at a Sportsbook?
- Enter your login information.
- Click on the “deposit” or “cashier” section.
- Choose Bitcoin as your method of deposit.
- Enter the amount of Bitcoin (converted to USD) that you wish to deposit.
- Double-check for any Bitcoin bonus codes. If a bonus code is required, make sure to enter it correctly.
- Click “deposit” once you have decided how much you want to deposit.
- A screen will present a unique transaction ID, the amount you chose to deposit (converted to Bitcoin), the Bitcoin crypto exchange rate, a Bitcoin address, and a scannable QR code.
- Either scan the QR code or copy/paste the address into your Bitcoin wallet.
- Enter the amount of USD or Bitcoin (whichever method your wallet uses) you want to deposit. Be certain that this amount matches what is presented on the corresponding screen in your sportsbook.
- Your wallet client will present you with the betting options to send a high or low miner’s fee. We recommend sending the higher one, as it will get your funds to your sportsbook quicker.
- Sometimes the price of Bitcoin will change between when you send your deposit and when your transaction is confirmed. If the price goes down, you will take a minor hit in the amount you have available to bet with. If the price goes up, you will have more available credit.
- As we mentioned earlier, nearly every sportsbook that we review will convert your Bitcoin into USD upon deposit. As a result, your ensuing bets will be placed in USD. But you will still be able to withdraw in Bitcoin.
- They will send you a confirmation email when your deposit is verified in your sportsbook.
- After receiving the confirmation email, refresh the page, and you will be ready to begin betting. Your balance will be visible near the top of the page when you log in to your sportsbook.
- As we mentioned, the deposit process usually takes between 4-6 minutes. The maximum time it will take is 40 minutes. If you encounter any hiccups, contact your sportsbook’s customer service department.
How Do You Withdraw Bitcoin from a Sportsbook?
The process of withdrawing Bitcoin from a sportsbook cashier into your Bitcoin wallet is much the same as the deposit process.
Follow these steps:
- Enter your sportsbook’s “cash out” or “withdrawal” section.
- Click “Bitcoin.”
- Enter the amount converted to USD you would like to withdraw from your sportsbook.
- You will be taken to a page with a unique transaction ID number, the amount (converted to USD) you plan to withdraw, the Bitcoin exchange rate, and a blank box for your Bitcoin address.
- Enter your Bitcoin wallet client, and copy/paste the Bitcoin address to the sportsbook to which you should send the funds. Bitcoin transactions are immutable once underway, so double-check that your address is correct.
- Click “confirm.”
- Your sportsbook will take you to a new page, informing you that your Bitcoin withdrawal is underway.
- Sometimes, the price of Bitcoin will change between the time you withdraw and the time it takes to receive the funds. If the price goes down, you will take a minor hit in the amount you receive. However, if it goes up, you will receive more Bitcoin.
- Some sportsbooks charge a flat withdrawal fee, regardless of your selected payment method. Should you be charged a withdrawal fee, it will not have anything to do with Bitcoin itself; instead, this money goes towards the high costs of running a secure, reliable e-commerce platform.
- It will take between 1-48 hours for you to receive your Bitcoin.
- Once you receive your Bitcoin, your sportsbooks will notify you via email.
Word of Caution: Avoid Bitcoin Exchanges
We recommend always using a Bitcoin wallet to send funds to your sportsbook instead of a Bitcoin exchange. Wallets, unlike exchanges, are not subject to “anti-money-laundering” and “know-your-customer” regulations that Bitcoin exchanges must follow. If you use a wallet, sending Bitcoin to your sportsbook will go without a hitch.
We have seen reports of online exchanges, such as Coinbase, restricting Bitcoin transactions with sportsbooks. While exceedingly rare, there are reports of online exchanges freezing their customer’s accounts if they try to send funds to an online sports betting site.
If you do decide to send Bitcoin from an exchange to your sportsbook, you don’t risk losing your Bitcoin forever. You only risk the exchange freezing your account, requiring you to transfer your Bitcoin to a separate wallet to complete the desired transaction. Avoid this hassle by setting up a Bitcoin wallet from the get-go.