While the availability of Bitcoin bookies may be limited compared to traditional sports betting sites, the increased popularity of this cryptocurrency is a relatively recent development. For sports bettors residing in countries with heavily regulated online gambling, Bitcoin (and other cryptocurrencies) offer a secure and convenient option for both deposits and withdrawals. A prime example of this is the United States, where many bettors have turned to cryptocurrencies as a solution to the restrictions imposed on traditional banking methods.
Below is our hand-picked list of best Bitcoin bookmakers:
- Fast withdrawals
- Impressive live betting
- Anonymity
- Not many bonuses
- Sharp lines
- Graphical interface top-notch
- Odds and lines are friendly
- 24/7 customer support
- Fast payout options
- No LoonieBet app
- Many country restrictions
- Mobile App
- ESports
- Good reputation
- Quick payouts
- Live betting
- Odds are sharp
- Minimum bet is high, one might argue
- No phone support
- Juicy sportsbook
- Accepts crypto
- Sign-up offers are generous
- Limited withdrawal options
- No live streaming for sports
- No mobile app
- Fast sign-up process
- Encourages using crypto
- Generous bonuses
- User-friendly interface
- Limited deposit and withdrawal options
- No live streaming
- High rollover requirements
- Restricted in some countries
One fully successful deposit.
Card deposits have a 7 days wait period.
Minimum Withdrawal $100. Bitcoin $25
Time frame is 2 days approximately;
At least 1x rollover for deposit and all rollover from bonuses redeemed;
One withdrawal per week per method;
SMS Phone and/or Personal documents verified;
Sports and Casino withdrawals are limited to $10,000 per week (Bitcoin: $5,000 and Bank Wire: $5,000)
- Generous Bonuses and Promotions
- User-Friendly Interface
- Competitive Odds
- High Rollover Requirements
- Limited Payment Options
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- Huge slot selection
- Big limits
- Crypto preferred
- Rec-friendly odds
- No mobile app
- Some slots are laggy
- Limited Payment Options
- USA restricted
- Crypto friendly
- US Friendly
- Quick payouts
- Good reputation
- Website needs update
- Small selection of slots
2. Wagering Requirements: Bonuses are subject to wagering requirements, which specify the amount of money that must be wagered before a withdrawal can be made. Wagering requirements vary depending on the bonus and can range from 5x to 15x the bonus amount.
- Wide range of options for sports, casino
- Generous bonuses ($2.5 when signing up)
- Competitive odds and lines (rare!)
- Encourages crypto
- In business since 1994
- Strict terms and conditions for bonus offers
- Limited live streaming options
You will receive a 125% bonus on your qualifying first deposit.
125% sports bonus, up to $2,500, 10X rollover
In order to receive a bonus you must use the promo code JOIN125 in the cashier while making your deposit.
This promotion is non-transferable.
Sports bonuses can only be used in the sportsbook, casino freeplays in the casino.
BetUS reserves the right to alter or amend the terms and conditions of this promotion at any time without notice.
Please see BetUS’ general rules for additional terms and conditions regarding bonuses
In the United States and Russia, the prevalence of restrictive laws surrounding online gambling has led to a growing number of sports bettors embracing Bitcoin as a preferred deposit and withdrawal option. The US government has long imposed hurdles for online betting operators, even jailing some associated with offshore sportsbooks. This, along with the government’s tendency to control citizens’ money and leisure activities, has led many bettors to opt for the security and freedom provided by Bitcoin bookies.
Despite opposition from American banks and some government officials, the use of cryptocurrencies as a deposit option for online gambling sites continues to grow in popularity and credibility. Bitcoin, in particular, offers a level of safety and security that is unparalleled in the world of online sports betting. With decentralized transactions and the inability to seize Bitcoins, the currency has changed the landscape of the industry.
However, it’s important to exercise caution and conduct thorough research when choosing a Bitcoin bookie. Unfortunately, there have been cases of bookmakers disappearing and leaving their clients with financial losses. Trusting a reputable and trustworthy bookmaker is crucial to a positive sports betting experience with Bitcoin.
Bitcoin Deposits and Withdrawals
As an expert in the field of cryptocurrency and sports betting, it is important to understand how Bitcoin bookies operate. These sites allow customers to place wagers on their favorite sports using Bitcoin, a popular cryptocurrency. The best Bitcoin sportsbooks aim to provide customers with a simple and user-friendly experience by displaying BTC bets in dollars, which helps protect them from the volatile price fluctuations that cryptocurrencies can experience.
To deposit Bitcoin on a sportsbook, customers must first purchase the cryptocurrency with a credit card on an exchange such as Coinbase or Kraken. This purchase is instant, and once the Bitcoin is acquired, it can be transferred to the sportsbook’s crypto wallet address. Bitcoin transactions typically take only a few seconds to 20 minutes to show up on a bookie and cost only a few cents in fees.
It’s important to keep in mind that Bitcoin trades to 12 decimal places, while traditional currencies only trade to two decimal places. Bitcoin betting sites often convert cryptocurrency to dollars and may impose minimum and maximum deposit and wager amounts. However, the process is quick, easy, and cost-effective.
Many bookmakers that accept Bitcoin offer generous deposit bonuses, often up to 200%, and occasionally give free bets as a thank you to customers who use cryptocurrency. With the use of Bitcoin becoming more and more prevalent in the online betting industry, it’s likely that we will see more sportsbooks adopting this currency in the future. It’s a convenient and secure way for bettors to place their wagers, and its popularity only seems to be growing.
What makes Bitcoin a preferable choice over debit or credit?
Despite the increasing regulation and legalization of online gaming on the state level, many banks still restrict or hold transactions that they suspect may be funding an online betting account.
The vast majority of online betting enthusiasts in the United States have experienced rejected or scrutinized deposits in recent years, with some people encountering this issue on a regular basis, which can disrupt their pastime or profession. Furthermore, credit card rejections or blocks are becoming more frequent over time. Bitcoin does not require a third-party transaction facilitator such as a bank or PayPal, making it a game-changer for online players.
Comparing Cryptocurrency to Other Deposit Methods for Sports Betting
Cryptocurrency betting offers both benefits and drawbacks when compared to traditional deposit options.
One of the main advantages of using cryptocurrency such as Bitcoin is the decentralized nature of the network, which allows users to act as their own bank. Additionally, the registration process is not required to access the network, and the transactions can be made anonymously. However, it’s important to note that cash deposits without third-party involvement are usually not accepted on crypto sports betting sites.
On the other hand, the lack of customer support in Bitcoin’s network is a major drawback. Also, transactions that are sent to the wrong address are irreversible and have no recourse for the player or sportsbook. Furthermore, buying Bitcoin with a credit card or bank account comes with higher transaction fees than regular banking transactions.
Despite the higher transaction fees, Bitcoin fees are still preferred over those charged by banks and credit card issuers. It is worth noting that Bitcoin transactions usually take a few minutes to clear, so instant clearance is not always possible.
Can I Buy Bitcoin with My Credit Card?
While the methods for purchasing Bitcoin may differ across countries, credit cards are a widely used option, with transaction limits typically ranging from $100 to $200, although this can vary depending on the website. Online exchanges are the most common means of buying Bitcoin, where the process essentially involves converting a local currency into Bitcoin. Alternatively, Bitcoin ATMs are available in some countries, allowing for in-person purchases and issuing a code for sending Bitcoin to your digital wallet.
The Benefits of Betting with Cryptocurrency
The increasing popularity of cryptocurrency in the betting world can be attributed to several advantages it holds over traditional currency. In the following discussion, we will explore some of the key benefits of using cryptocurrency in the sports betting and gambling industries.
- Exclude banks from the process – If you use regular money to bet on sports, you may have some problems. Banks don’t like online sports betting and casinos. People have said that their bank accounts were frozen after they used their credit cards to deposit money into online betting sites. But if you use cryptocurrency, you don’t need to involve the banks, and you won’t have to explain things to them or worry about your accounts getting frozen.
- Security – Cryptocurrency is safer than traditional currency when betting online. When you sign up for a crypto betting site, you only need to give your wallet information, not your personal information. This means you’re less likely to have your identity stolen because you’re not giving out personal details. Also, once you’ve made a transaction with cryptocurrency, it’s permanent and can’t be changed or canceled. This makes cryptocurrency more secure and less risky to use.
- Transaction speed – Standard sports betting websites and casinos that use traditional currency are limited by financial regulations. This is why these sites can be slow and inefficient when you try to place bets, make deposits, or withdraw your winnings. On the other hand, while cryptocurrency betting sites are usually regulated, the regulations are less strict and easier to follow. Some of the top crypto sports betting sites don’t have limits on deposits and withdrawals, which is unusual for traditional betting sites. With cryptocurrency, you can also receive your winnings almost instantly because the blockchain technology is very fast.
- Privacy – One advantage of betting on sports with cryptocurrency instead of traditional currency is that your betting activity can be kept private. Banks and financial institutions usually disapprove of sports betting and online casinos, and even minor usage can lead to mortgage rejections. Keeping your sports betting hobby private from banks is better, and this is where cryptocurrency excels.
- Less restrictions – Betting on sports with cryptocurrency has an added advantage of allowing bettors from countries where sports betting is restricted to participate. However, it’s important to follow local laws and regulations. Some of the best sports betting sites accept users from almost any country worldwide. With a cryptocurrency wallet and a Virtual Private Network (VPN), you can bet on sports online from anywhere in the world, giving you a wide range of options.
Selecting the Right BTC Bookie
In recent years, Bitcoin sports betting has gained immense popularity among sports fans as it provides a novel way to place bets online. By using Bitcoin, users can access a secure and decentralized platform to place bets on their favorite sports events. However, the vast number of options available can make choosing the right Bitcoin sports betting site a daunting task. To make an informed decision, here are some key factors to consider when selecting a Bitcoin sports betting site:
Reputation and Reliability
When selecting a Bitcoin sports betting site, it’s crucial to prioritize sites with a strong reputation and proven track record of reliability. To assess a site’s reputation, you can review its online ratings and reviews. A trustworthy site should have a valid license, excellent customer support, and employ advanced security measures to safeguard your personal and financial information. These factors ensure that you can bet on sports events with peace of mind, knowing that you’re placing your bets on a reliable platform.
Sports and Markets Offered
Each Bitcoin sports betting site offers a distinct selection of sports and markets for users to bet on. To optimize your betting experience, it’s essential to select a site that offers the sports and markets that interest you. In addition, you should consider the various betting options available, such as in-play betting, live streaming, and odds formats, to ensure that you have a variety of choices to pick from. By carefully evaluating the range of sports, markets, and betting options, you can select a Bitcoin sports betting site that meets your specific needs and preferences.
Bonuses and Promotions
To lure new customers and retain existing ones, the majority of Bitcoin bookies sites offer a range of bonuses and promotions. It’s vital to choose a site that provides attractive bonuses and promotions, including welcome bonuses, free bets, and loyalty programs. However, before committing to a particular site, it’s critical to carefully review the terms and conditions of these bonuses and promotions. By doing so, you can ensure that the bonuses and promotions meet your needs and are fair and transparent, avoiding any potential complications or misunderstandings. Thus, selecting a Bitcoin sports betting site that offers the most lucrative and transparent bonuses can enhance your betting experience and potentially increase your winnings.
- A no deposit bonus is a type of bonus that players receive immediately after creating an account, without having to make a deposit. Although the amounts are usually modest (ranging from $20 to $50), they can be beneficial in allowing players to kickstart their online sportsbook experience. With this type of bonus, players can familiarize themselves with a new sportsbook without risking their own funds, making it an excellent option for those who are new to online sports betting.
- A deposit bonus is a type of bonus that players receive upon making their first deposit, and it typically involves a percentage match up to a specific amount of money. For example, MyBookie offers a 50% deposit match up to $1,000, which means that players must deposit $2,000 to receive the full bonus amount. However, most sportsbooks require players to fulfill a wagering requirement before they can withdraw their bonus funds, usually around 10x the bonus amount. This type of bonus is an excellent opportunity for players to boost their bankroll and increase their chances of winning big, while also encouraging them to remain loyal to the sportsbook.
- A reload bonus is a type of bonus that rewards players who make additional deposits beyond their first deposit. Like the deposit bonus, it typically involves a percentage match up to a specific amount of money. For instance, MyBookie offers a reload bonus of 25% up to $500, subject to a 5x wagering requirement. This bonus is a way for bitcoin bookies to show appreciation to their loyal players and keep them engaged in the platform. By taking advantage of this type of bonus, players can increase their bankroll and potentially maximize their winnings without having to risk too much of their own funds.
- A rebate bonus is a type of bonus that provides players with a percentage of their losses as a form of cashback. The percentage of the rebate offered can vary depending on the sportsbook, with most typically ranging from 8% to 12%. For example, MyBookie provides a rebate bonus of 7% on horse race betting, meaning that if a player loses a certain amount while betting on horse races, they can receive 7% of their losses back as cashback. This bonus is a unique way for bitcoin sportsbooks to reward their players and provide them with a safety net for losses. By taking advantage of a rebate bonus, players can reduce the impact of their losses and continue to enjoy their online sports betting experience.
- A risk-free or free bet is a type of bonus that enables players to place a wager without the fear of losing the entire bet amount. If the bet placed using the bonus loses, players can receive the amount wagered back in the form of site credit. This type of bonus provides players with an opportunity to try out a new bitcoin bookie and experiment with new betting strategies without risking their own funds. It’s important to note that the amount received back as site credit is typically subject to certain terms and conditions, such as minimum odds and expiration dates. Nevertheless, risk-free or free bets are an excellent way for players to increase their chances of winning without having to bear the full risk of their bets.
Best Bitcoin Bookies FAQ
Can Users Expect Fees for Transactions on BTC Sportsbooks?
In most cases, depositing at Bitcoin-only sportsbooks comes with zero transaction fees for bettors. However, some sportsbooks that accept both fiat and cryptocurrency may levy a small commission fee. When it comes to sending bitcoins to other bitcoin addresses, there are usually minimal fees, typically just a few cents per transaction. In some cases, there may be no fees at all. Choosing to pay a nominal fee can expedite the transaction process and result in faster processing times for the bitcoins to arrive at the intended address.
What Does MBTC Mean in the Context of Bitcoin Sports Betting?
At some sportsbooks or other platforms where users hold a balance in bitcoins, they may come across the term ‘mBTC’. This refers to the metric system, where the ‘M’ stands for milli, indicating that the unit is one thousandth of the base unit. Essentially, mBTC is a way of expressing smaller denominations of bitcoins to facilitate transactions more easily.
Does Bitcoin Provide Anonymous Transactions?
In the world of online sports betting, privacy and security are top priorities for users. As a result, more and more bettors are turning to Bitcoin sportsbooks, which offer better identity protection and security compared to traditional sportsbooks.
One of the key advantages of using Bitcoin sportsbooks is that transactions don’t require personal information or confirmation of identity. This means that bettors can place bets and withdraw winnings without having to disclose sensitive personal information, which can potentially be compromised in the event of a data breach.
In addition, Bitcoin transactions on sportsbooks are protected by blockchain technology, making it difficult to trace transactions back to specific users. This enhances users’ privacy and security, making it an attractive option for those who want to keep their betting activities private.
While Bitcoin transactions on sportsbooks aren’t entirely anonymous, there are measures that bettors can take to increase their privacy and security. For instance, using anonymous wallets or employing mixing services can obfuscate transactions and make it more difficult to trace them back to specific individuals.
It’s important to note that using Bitcoin sportsbooks also offer benefits beyond just privacy and security. Bitcoin transactions on sportsbooks are generally faster and cheaper compared to traditional payment methods, making it more convenient for bettors.
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How Bitcoin Gambling Affects Tax Obligations?
In recent years, the use of Bitcoin for gambling and other online activities has increased significantly. While this form of currency offers certain advantages such as anonymity, fast transactions, and lower fees, it’s crucial to understand the potential tax implications.
It’s worth noting that the tax laws surrounding Bitcoin and other cryptocurrencies are still evolving, and there may be differences in how different countries or jurisdictions treat Bitcoin gambling. In the United States, for instance, the IRS treats Bitcoin as property rather than currency, and gains or losses from Bitcoin transactions are taxed as capital gains or losses.
Moreover, it’s important to keep accurate records of Bitcoin transactions and gains/losses from gambling activities. This can be challenging given the decentralized nature of Bitcoin and the lack of oversight from financial institutions. However, failing to keep proper records can result in penalties or legal issues in the future.
If you’re unsure about the tax implications of Bitcoin gambling or dealing with a large number of bitcoins, it’s strongly recommended to consult a tax professional. A qualified tax professional can provide guidance on how to comply with tax obligations, minimize tax liability, and avoid legal issues.
Can you legally wager with Bitcoin?
Bitcoin sports betting legality varies across states in the United States. As of 2021, approximately 27 states have legalized sports betting, with many of these states also allowing online sportsbooks to operate. This includes online sportsbooks that accept Bitcoin as a form of payment.
However, there are still states where sports betting, including Bitcoin sports betting, is illegal. In these states, offshore sportsbooks may accept Bitcoin from bettors.
It’s important to note that the laws governing Bitcoin and sports betting are still evolving, and it’s recommended to check the laws in your state or country before placing any wagers using Bitcoin. Furthermore, it’s crucial to use reputable Bitcoin sportsbooks that comply with regulations and licensing requirements.
What sports can be bet on with Bitcoin?
Bitcoin sports betting offers a wide range of betting options for sports enthusiasts, with a growing number of sportsbooks accepting Bitcoin and other cryptocurrencies. In addition to the top US professional sports, such as football, basketball, hockey, and baseball, Bitcoin sportsbooks offer a variety of betting options for international sports, including soccer, cricket, rugby, and more.
One of the benefits of using Bitcoin for sports betting is the increased privacy and security it provides. Bitcoin transactions are encrypted and secure, ensuring that personal and financial information is protected. Additionally, Bitcoin sportsbooks often offer fast and easy deposit and withdrawal options, making it convenient for bettors to manage their funds.
However, it’s important to note that the laws governing Bitcoin and sports betting vary by jurisdiction, and it’s crucial to use reputable and licensed sportsbooks to ensure a safe and legal betting experience. When choosing a Bitcoin sportsbook, it’s recommended to consider factors such as the site’s reputation, licensing, bonuses and promotions, betting options, and customer support.