Your Guide to Crypto and Bitcoin Betting
If you are new to this type of betting and you’re looking for a solid guide to help you get set up, then you’ve landed in the right place. We were all beginners once when it comes to cryptos in general and gambling with them. And we understand how you’ll be super excited to back your favorite team or player with crypto.
We also understand how the process might seem daunting and confusing. This is why we have produced this guide to help you on your way. Once you have read through the sections you can then scroll back to the top of the page and sign up at any of our top-rated betting sites.
You might want to read more about crypto casinos in general.
What is Crypto and Bitcoin Betting?
Crypto and Bitcoin betting sites operate in much the same way as online standard currency sportsbooks. The key difference is that instead of wagering with USD for example, you’ll be betting with crypto or Bitcoins. Though it’s quite popular for standard currencies to also be offered alongside cryptos, giving you the option to bet in each.
You’ll make your online sports bets in much the same way as you would with normal cash. As well as benefitting from all the other great things which come with online gambling. Such as instant customer support, low payment fees, exciting bonuses, and great odds.
Crypto betting is becoming more popular because it brings huge advantages over betting with fiat money. Due to the volatility of crypto, you could make significantly more profit from your sports wagers than with standard currencies.
How Bitcoin and Crypto Betting Sites Work?
Choose your crypto wallet
If you are brand new to the wonderful world of cryptos, you’ll need to set yourself up with a wallet. This will be where you’ll store your coins to make transactions with. You have a choice of either online or cold storage wallets. For optimum safety, we’d recommend one of each. You can check out our detailed guide on choosing crypto wallets later on the guide.
Purchase Bitcoins or crypto
There are a number of well-known online exchanges where you can purchase your BTC or cryptos. Some are better than others and will offer more preferential fees and services. Exchanges usually allow you to use your credit or debit card to buy your preferred coin, though some permit payments with eWallets. You can then send your coins back to your crypto wallet, ready for your first deposit to your betting site.
If you need some more in-depth help on this step then you can follow our instructions on how to purchase cryptos online at the bottom of the article.
You’ll need to register your details on your preferred site and this can usually be done in a matter of minutes. It’ll involve creating a username and secure password. Followed by inputting your email address and preferred crypto. You may be sent a secure link to your email address which you’ll need to click on to verify yourself. After that, you can log in and explore your new betting site.
Claim the betting welcome bonus
Once you have signed up, don’t forget to claim the welcome offer. And if there is a no deposit registration bonus, check that this has been credited to your account correctly.
Once you have familiarized yourself with the crypto or Bitcoin betting site it’s time to make that all-important first deposit. You’ll need to link your crypto wallet to your profile, and this is really easy. Head to the cashier section and choose your crypto from the drop-down list. Add in the amount you’ll be transferring and you’ll be presented with a link or QR code. This is your crypto betting site account address. Once you have followed the steps and your account is credited, you can start betting!
Pros & Cons of Gambling with Crypto and Bitcoin
| Low fees|
| Instant withdrawals|
| More generous bonuses|
| Volatility |
| Blockchain payments |
| Bet with different currencies |
| Volatility |
| Regulation |
| Crypto and Bitcoin fees|
| Availability |
Now that we are reaching the end of our guide, it’s a good idea to take a look at the benefits and disadvantages of crypto betting. Just like with anything in life, there are ups and downs and it’s beneficial for you to be aware of all of these. So that you can make an informed choice on what’s best for you.
More about advantages
More about disadvatanges
Which Sports Can I Wager on at Bitcoin and Crypto Betting sites?
The most popular sports that you’ll find offered at crypto betting sites are:
- Ice hockey
- Horse racing
You’ll also be able to wager on a variety of other less popular sports such as:
- Table tennis
These lists are of course not exhaustive and you’ll often find more markets offered. Many betting sites go the whole hog when it comes to sports and offer attractive odds on a range of other sports and events too:
eSports are a huge hit with crypto gamblers around the world. The technological similarities between eSports and cryptos work well together and you’ll be able to bet on all the popular leagues.
These types of sports use computer-generated HD images with RNG results. There are many perks to virtual sports, they feature great odds and there’s no waiting around for matches or races to begin. You’ll be able to place your crypto bets on horse racing, soccer, speedway, tennis, and more.
You’ll often find special deals available around the time of the Grand National, FIFA World Cup, or Wimbledon for example. The Olympics are also an exciting time for crypto sports bettors as well as the Rugby World Cup, US Masters, and the Tour de France.
Political and entertainment
If you like to have a flutter on the occasional big world event then you’ll be able to do so with your crypto. It’s possible to take a punt on who will be the next US president or who will win this year’s X Factor for example.
Crypto and Bitcoin Live Betting
An exciting feature of most sites is the option to place live bets. This means that you’ll place your wager once the game or event has begun. This can also be known as ‘in-play betting’ and usually can be found in a separate section of the crypto or Bitcoin betting platform.
Live betting is super exciting and also allows you to see how well a particular match is playing out, before making a bet. If you are wary of placing a future bet then live betting could be right up your street. The number of markets offered for this style of betting is phenomenal too, so you shouldn’t have a problem finding something to wager on.
Many betting sites will also allow you to watch a simulated stream as games play out. Whilst others offer you the chance to watch a live HD stream by logging into your account. Often you can view multiple games at the same time if you have bets spread over several markets.
A cash-out is a feature unique to online sports betting and allows you to settle a bet whilst the event is live. Cash-out options will often pop up on your mobile device or desktop if you are watching a live stream. Or you’ll get an email or SMS notification. A cash-out will let you settle your bet before the result of the bet is known. Giving you slightly reduced odds, which is a good thing if it looks like your bet wont come in, or a straight refund of your stake.
Cash-outs allow you to retain some of your potential crypto winnings or save your initial stake when it looks like your bet will lose.
Bitcoin and Crypto Betting Bonuses
As we see crypto betting becoming more and more widespread, the cryptocurrency bonuses are getting better too. Once upon a time it was difficult to get a devoted sports deal, but not so now. Often the terms of betting bonuses can be more stringent than casino deals, so please be sure to always carefully read the smallprint.
Here’s a selection of what you could get your hands on at the top crypto and Bitcoin betting sites:
- Welcome offers
- No deposit sign-up deals
- Free bets
- Risk-free bets
- Deposit bonuses
- Reload bonuses for multiple uses
- No wagering bonuses
- Loyalty & VIP programs
- Bet insurance
- ACCA bonuses
As the popular sporting events approach you’ll often be able to join in on some special promotions. Whether it’s the Superbowl, Grand National, or World Cup for example. You’ll be able to choose from enhanced odds, two-for-one deals, free bets, and parlay betting options.
Which Cryptos are Accepted at Betting Sites?
Bitcoin is of course the world’s most popular coin and it’s the first choice for many crypto fans. And at one point it was the only crypto, which is hard to believe as there are now over 20,000 different cryptos in circulation with new ones being produced regularly.
The most popular cryptos that you’ll be able to wager with are:
At larger betting sites you’ll find other cryptos supported too:
- Bitcoin Cash
- Binance Coin
- USD Coin
- Ripple (XRP)
Another great feature of crypto and Bitcoin betting is that you can often wager with different types of coin. This means that you aren’t restricted to just LTC for example. You can deposit with ETH, DOGE, and LTC and use each crypto for different sports bets. The larger betting sites cater very well for this and you’ll easily be able to keep track of each separate balance on your account. BC.Game for example offers payments in 80 different cryptocurrencies!
Crypto and Bitcoin Mobile Betting
The majority of bettors place their crypto bets using their smartphones. It’s the fastest way to enjoy sports betting and you can quickly keep a check on your bets, changing odds, and watch live streams. The larger crypto and Bitcoin betting sites have dedicated apps that you can download directly from their sites, or via Google Play, or the Apple Store.
If an app isn’t available then there’s no need to miss out on the mobile fun. Most betting sites are mobile-friendly, meaning you can access their services through any mobile browser on any device, no matter the operating system. Each of our featured sites works effectively on Windows, iOS, Android, and Blackberry smartphones and tablets.
And because mobile crypto and Bitcoin betting is so popular there are often exclusive bonuses and promos to claim if you sign up with your mobile device.
How to Choose the Right Crypto and Bitcoin Betting Site
We know how difficult it can be to make your mind up about the best betting site for your needs. You’ve probably already got a good idea of what you’re looking for, but bear in mind that not all sites are equal. This is why we have put together the following essential factors to consider when making your choices:
A rookie mistake to make is creating your account and depositing to then discover that the site does not accept players from your country. You might think that you can then make a withdrawal and back out. But if your country is restricted by the betting site’s terms, then sometimes you will not qualify for a refund. A quick search of the FAQs or general terms and conditions will reveal whether you are permitted to sign up or not.
If you prefer playing using a VPN then some sites will allow this, whilst others won’t. If you do so at one of these sites then you may find your winnings and bonuses confiscated. A chat with customer support or checking over the small print will save losing out in the long run.
This goes without saying and you’ll find that any of our top 5 rated crypto and betting sites have already been extensively vetted for safety. But there are platforms out there that operate without a gambling license or without providing the very basic safety features. Which could leave you open to identity theft or worse.
Sporting markets & features
You’ll want to choose a site that offers a wide range of sporting markets, this will ensure plenty of choice and will keep you entertained for longer. It’s also a good idea to check out the odds and compare these with other sports betting sites. As well as getting some info on what types of bets are available. Such as money lines, over/under, prop, or parlays.
Check out if the crypto or Bitcoin betting site supports your preferred coin. If you’d like to wager in multiple coins or with fiat currencies too, then you should confirm this before signing up. Payment fees can be nasty little surprises too, as well as extensive withdrawal processing times. If you like to keep a large balance on your betting account for when the price market improves, then will you be permitted to withdraw this in one hit?
If bonuses are important to you then keep an eye out for a decent welcome offer. Also pay attention to the quality and quantity of the rest of the promos. A VIP/loyalty program is also a good way to score ongoing rewards for your sports bets. Check out the wagering requirements of bonuses and other terms to see if you’ll be getting value for your crypto.
If you plan on betting throughout the smaller hours of the night, then be sure that your crypto site offers 24/7 customer support. A healthy range of FAQs are also a good sign, as well as fast email response times and instant live chat. Customer support is really important especially if you are a beginner. There’s nothing worse than getting frustrated and not being able to get some real-time assistance.
Safety at Crypto and Bitcoin Betting Sites
When compared with regular sportsbooks, crypto and Bitcoin sites are much safer. This is due to the fact that you won’t need to share the majority of your personal and financial data with a crypto site. Making it impossible for hackers to get access to your details and carry out identity theft.
When sports betting with traditional currencies, we often hear of certain banks and financial companies not allowing this. Gambling can also affect your ability to borrow money and obtain mortgages. But with crypto betting, there is no trace of your transactions on your bank statements. And whilst some banks refuse to process transactions or accept winnings from online gambling sites, crypto betting prevents the likelihood of any of these things happening to you.
Two Factor Authentication (2FA) is also a popular service offered by crypto betting sites. It allows you to make secure logins and payments where you can opt to receive a secure code to your mobile phone, reducing the risk of fraudsters getting into your account.
How We Select the Best Bitcoin and Crypto Betting Sites
We’ve put plenty of time and thought into how we rate crypto and Bitcoin sports betting sites. Collectively, our team has many years of expertise in the area. Several of us have worked directly in the sports gambling industry and many of us are also active crypto bettors. So you can be guaranteed an expert and fair opinion at all times.
We have a rigorous process in place for when we carry out our reviews. And we ensure that we sign up to sites ourselves so that we can bring you as honest an overview as we possibly can.
We also take the following factors into account, which ensures that we analyze every aspect of the site to provide you with all the factors before you sign up:
- Security – Security and reputation are paramount when it comes to any online betting site. Our first step in any review process is to examine the gambling license validity. And we also make sure the platform features encryption security as well as supporting 2FA for your added safety.
- Available sports – Most crypto and Bitcoin betting sites cater to all of the popular markets such as football, tennis etc. But we also like to see if other sports are on offer, ensuring that you have a good selection to choose from.
- Odds – This is a super important element and will be the deciding factor for many of you when it comes to choosing the perfect betting site. We rigorously check and compare odds to ensure their competitiveness for both live and future bets.
- Bonuses & promotions – This of course goes without saying and we always check out which bonuses and deals are on offer for sports bettors. Whether these will offer you good value for your crypto and also if the terms are fair. We update this information regularly so that you’ll always have access to the latest crypto betting bonuses.
- Payments – We carefully analyze each site’s cashier processes and make deposits and withdrawals with various coins. Taking into account the withdrawal speeds, ease of the process, fees, and the number of supported cryptos.
- User-friendliness/customer support – We understand that not everyone is a crypto or sports betting pro so it’s important that we review sites based on their user-friendliness. Particularly when it comes to newbies who are just starting out. We also test the customer support and base our ratings on quality, response times, and accessibility.
- Betting features & resources – Great betting features will help make your sessions more enjoyable and easy too. Many sites offer one-click bets, live streaming, and masses of historic stats to help you make an informed betting choice. And we take each of these factors into consideration when making our final rating of a site.
The 5 Most Reputable Crypto and Bitcoin Betting Sites
We have put our heads together here at cryptocasinos247 and after lengthy discussions, we can reveal our top-rated betting sites. You can be sure that each of these recommended platforms is fully licensed and 100% safe for you to enjoy.
If you’d like to read the full review for each site then you can click on the relevant section to find out more.
FortuneJack (FortuneJack Review) is a name synonymous with trustworthiness and safety. The platform has been around for a while and has made quite the name for itself already with its crypto casino. Recently FortuneJack took the next step in crypto entertainment and now offers a rewarding sportsbook.
You can place your bets on many different markets from NFL, NHL, and soccer. There’s also eSports betting and virtual sports too. There are huge max payouts to benefit from, great odds, and expert customer support. This crypto betting site accepts payments in BTC and 7 other coins including DASH and ETH. There are no fees for your payments either.
Right now FortuneJack is offering a no-deposit sign-up deal and a selection of generous welcome offers. As well as cashback and regular free bets.
Rocketpot (Rocketpot Review) blasts into our top 5 for many reasons. Even though the site is quite new its sportsbook is unrivaled when it comes to the range of markets and odds. You’ll scoop a 100% up to 1 BTC bonus match up for your first deposit and you can then make every sports bet count with both loyalty and VIP programs. Where you’ll be able to enjoy tailored bonuses and rich rewards.
You can make your wagers in a variety of cryptos including BTC and ETH. Payments are incredibly safe and the site has excellent capabilities when it comes to mobile use. As for the range of markets, these are diverse with popular sports and lesser well-known options too. Odds are consistently competitive and the site has a great interface that is suitable for those brand new to crypto betting.
BetUS (BetUs Review) is America’s number one favorite sportsbook, and it also accepts players from many other corners of the world. This crypto and BTC betting site has a solid reputation and has been operating for over 25 years. Its sportsbook is seriously impressive. With more than 100 markets which include UFC, MMA, NHL, NFL, and NBA. As well as eSports, horse racing, soccer, cricket, tennis, etc. Live betting features heavily and you’ll be able to watch the action unfold through your mobile or desktop.
BetUS without a doubt offers supremely good bonuses and promos to crypto bettors. The new player sports welcome offer is superb with 300% up to $7,500 available on your first 3 deposits. After this, there are many reload bonuses, exclusive sports tournaments, and a loyalty program for sports bettors only. With up to $500 in free bets, special tournaments, and VIP customer support.
This (BC. Game Casino Review) top-rated betting site serves you with a huge sportsbook with more than 50 different markets. These cover all the popular leagues from around the world with eSports and other political bets available. Odds across the board are very competitive and the unique interface allows for simple betting in a safe and secure environment.
Payments are accepted with 80+ different cryptos including stablecoins and altcoins. There’s masses of choice and you can also use NFTs at BC.Game. It’s easy to see how this platform has won many awards since it was launched in 2017. One-click betting is enabled here and the live betting facility supports cash-outs with attractive odds.
There are a multitude of welcome offers available to crypto bettors which will reward each of your first deposits to the value of 250%. BC.Game then offers a huge variety of regular promos with sports lottery, free bets, and great tournaments.
If you love promos and bonuses (Stake.com review) then you will feel right at home on this well-regarded betting site. It is packed with 100+ different markets and also offers bets on popular eSports leagues. The odds are always good here and Stake aims to settle bets as quickly as possible.
The platform partners with popular premier league clubs as well as being the official betting partner for the UFC. This means that you will get access to special deals with exclusive odds. Stake also goes one step further and offers HD live streaming of NFL games, to your mobile or desktop.
Bonuses are never-ending for crypto and BTC sports bettors. With guaranteed payout deals, double winnings on NFL, $5,000 weekly prize draws, split decisions, and a rich VIP program. Every single one of your crypto sports bets will count towards your VIP progress tier. You can get your hands on tickets to top sporting events, tailored bonuses, and many odds booster deals.
- Is it legal to bet with crypto and Bitcoin?
The majority of times, yes. But this can change depending on your own country’s rules on sports betting. We’d always advise checking these out first. Though some platforms will allow you to play using a VPN if you are in a restricted country.
- What are the most popular sports betting markets at crypto and Bitcoin sites?
These are soccer/football (Premier League), American football (NFL), NHL, NBA, and Tennis.
- Which cryptos can I use for sports betting sites?
Bitcoin is the most accepted but you will also be able to choose from LTC, DOGE, BCH, ETH, TRX, and USDT at the majority of sites.
- What is the best Bitcoin betting site?
This all depends on your preferences as an individual player though we can recommend any of our top 5 rated sites as safe bets.
- Can I withdraw in crypto?
Absolutely, most sites will allow you to deposit, bet and withdraw your winnings in crypto.
- Which is the most profitable sport to bet on with crypto?
Football and basketball can bring in some decent wins due to their predictability. But ultimately the amount of your wager, odds, and type of bet also factor considerably into profitability.
- Can I place crypto and Bitcoin sports bets on my mobile?
100%! Most betting sites can be accessed with a range of mobile devices, whether this is your smartphone or tablet.
- Can I claim welcome offers at crypto and Bitcoin betting sites?
You will find that any decent betting site will offer a complete new player welcome package. These are often made up of deposit bonuses which you can then use on a range of bets.
- How do I place a sports bet with crypto?
Once you have deposited at your chosen betting site you can find your favorite sport and place a bet on a game just as you would with standard currencies. Once the bet has been settled you’ll then be able to withdraw your wins, if the bet was successful.
- Is it safe to bet on sports with crypto?
It is extremely safe and no different from placing bets with standard currencies. However, you should always check out the legitimacy of the site you are betting on. Starting with its gambling license and security credentials.