Bitcoin Betting Sites
Find out about the Bitcoin betting sites available in your country. Find free Bitcoin betting offers and get information about the best BTC betting sites.
Bitcoin Betting Sites
Bitcoin has grown massively over the past few years and you can deposit using BTC and other cryptocurrencies at a growing number of online betting sites.
Thanks to its massive growth in value, the inherent online privacy benefits, enhanced security and constant presence in the media, the use of Bitcoin has increased at a rapid rate. This means that it is available as a deposit and withdrawal option at many sports betting sites.
As more online gambling sites add Bitcoin to their list of banking options it is important to determine which of them offers the welcome bonuses, customer service and longevity that you need to feel safe and secure.
At BonusBets.com we have compiled all the information you need to get started on your Bitcoin betting journey, including a list of recommended betting, how to place your first Bitcoin bet, the legality of crypto gambling and our insights into betting exchanges.
We’ll also give you all the information you need on finding a Bitcoin betting site as new sportsbooks launch, plus we'll tell you how to get free Bitcoin bets, how to access exclusive sign up offers and more.
Best Bitcoin Betting Sites
When it comes to selecting the best Bitcoin betting sites it is easy to be tempted by the largest bonus offer, however, we recommend looking a little deeper than that.
When it comes to Bitcoin bets you are gambling with a very valuable asset and this means you want a betting site that has a reputation for fair play, offers great odds, offers quick and guaranteed withdrawals, and is able to answer any questions may have.
Choosing a betting site that excels in these key areas will ensure that over the long run you will be able to develop a relationship with them which in turn can lead to better promotions, special offers and the kind of VIP treatment you deserve.
To get you started, here are some of the best Bitcoin sites that we have reviewed:
Not only do these betting sites offer great Bitcoin promotions and speedy payouts but they have proven to meet all the other requirements for an excellent long term sports betting partnership that we listed above.
We will continue to give you our unbiased thoughts and reviews on new Bitcoin betting sites and add to this list those who we feel will best serve you and your betting needs.
BTC Betting Sites
Once you’ve found a betting site accepting Bitcoin, it is quick and easy to deposit in BTC. The betting site reviews and betting guides found here at BonusBets.com will tell you everything you need to know about joining a new betting site. As a quick guide, the steps below will allow you to transfer Bitcoin into betting funds:
- Log in to your betting account (we’re assuming you have an account with a betting site where Bitcoin is accepted)
- Go to ‘My Account’ and from the Banking or Deposit page, select Bitcoin as the payment method you would like to use.
- Go to your Bitcoin wallet and tap the send/request button.
- Add the address provided by the bookmaker you are betting with, then add the amount you would like to transfer to your betting account.
- Click on ‘Send Funds’ and your Bitcoin funds will instantly be added to the balance of your betting account.
Withdrawals are much the same, but in reverse, and by using Bitcoin, you’ll receive your winnings in your BTC wallet straight away.
Should you want to withdraw any winnings, the reverse process of withdrawing funds is also a quick and easy process, and you can transfer money from your betting account back to your Bitcoin wallet in seconds.
Bitcoin Overview
For those who are new to the world of Bitcoin and decentralised currencies, it is important not to become overwhelmed by the terminology and concepts you hear bandied about. At the end of the day, it is simply another asset that you can buy and own, much like any stock or investment.
When you buy shares in a company your interaction with that investment is only online through your investment app, think of Bitcoin the same way. You use your regular cash to buy Bitcoin which is stored in a wallet or on an exchange till you decide to sell it. At which point the value of the sale is redeemed to your bank account in the currency of your choosing. Simple.
Once you get to grips with the basics of Bitcoin and get over its rapidly increasing market value, you will see that it offers several other benefits based on the technology that underpins it:
- It offers incredibly low-cost transactions with no additional or hidden fees
- It offers some of the highest levels of online anonymity possible
- It is hack-proof thanks to it being stored on the blockchain
- It offers near-instant withdrawals when cashing out
- It allows for cross border transfers without foreign exchange interference
It is these additional benefits that have made Bitcoin the ideal banking option for online gambling and sports betting. With the approval of Bitcoin by gambling regulators, it is beginning to receive mainstream approval that will see its adoption expand exponentially.
How to Bet With Bitcoin
Placing your first bet with Bitcoin may feel daunting but trust us, it is a simple process that you will master in minutes.
Follow these 5 easy steps and you will be a Bitcoin betting pro in no time:
- First, you will need to open a Bitcoin wallet and fund it using your credit card or direct bank deposit. This will now make you the proud owners of your first cryptocurrency.
- Then you will need to join your selected sports betting site. Be sure to check what bonuses are available to maximise your returns when making your first deposit.
- Access the Cashier, select Bitcoin as the Deposit method and copy the “Bitcoin address” they provide. This is just the account you need to pay your Bitcoin deposit into.
- Now open your Bitcoin wallet and send the desired amount to the “Bitcoin address” supplied by the sportsbook.
- Bet on your favourite team or event using the credits and bonuses in your sports betting account.
As you can now see, the only minor deviation from how you would bet on an event using fiat currency is the way in which you fund your account. Once your account has been funded it is all about weighing the odds, backing the right outcome, and trusting your team to bring home the victory.
Is Bitcoin legal for Betting?
Given the decentralised nature of Bitcoin whether it is legal or not was up for debate before. The idea was for the digital currency to allow its holders to use it as they pleased regardless of whether the local government approved of it or not.
However, the amount of attention Bitcoin has garnered in the mainstream media has led to several gambling jurisdictions taking firm stances on the use of Bitcoin and other cryptocurrencies for gambling.
These stances vary widely based on which country you discuss with American gambling sites not allowing its use at all on one side and Great Britain making it legal across the country on the other.
For your own peace of mind, we recommend speaking to a local legal expert to determine exactly where your country falls on the Bitcoin approval spectrum and then make the choice that best suits your needs.
Bitcoin Sports Betting Bonuses
Given the rush to gain traction in the Bitcoin betting market punters are seeing incredible value in terms of the number and value of the Bitcoin sports betting bonuses currently on offer. On average, the bonuses for Bitcoin can be from 25% up to 50% larger than those offered by the same betting site to bettors using Euros, Dollar or Pounds Sterling.
When it comes to claiming a Bitcoin bonus, we recommend familiarising yourself with the full terms and conditions of the offer. This will ensure that you understand any betting limitations, playthrough requirements and minimum deposit limits needed to maximise your return on your investment.
Bitcoin Bonus Codes
Here at BonusBets.com, we work closely with betting sites and sportsbooks around the world to provide readers with the biggest free bets and the best sign up offers.
You’ll find free BTC betting offers on these pages, with exclusive bonus codes and promo codes which will unlock offers such as free Bitcoin when you deposit with a new bookmaker, deposit bonuses for using Bitcoin or other cryptocurrencies, or refunds on losing bets when you use BTC.
Bitcoin Betting Exchanges
Given the success of betting exchanges such as Betfair, it’s no surprise to see a demand for Bitcoin betting exchanges, and you can now find a growing number of Bitcoin betting exchanges.
If you’re not familiar with how a betting exchange works, they basically allow you to place bets against each other, rather than betting against a bookmaker, which is the case with a traditional sportsbook.
At a betting exchange there are two types of punters:
- Back bettors – those who bet support the outcome of an event by wagering on it.
- Lay bettors – those who bet against the outcome of an event by wagering against it.
Simply put, a lay bet is betting on something to not happen. A practical example of this would be in a football match between Arsenal and Chelsea a ‘back’ bet would be staking Arsenal to win, while a ‘back’ bet would be to stake Chelsea to lose.
Unlike traditional bookmakers, a betting exchange doesn’t mind if you win, as the outcome of a bet doesn’t affect the exchange itself.
Just like with any Bitcoin transaction, placing bets on a BTC betting exchange is instant.
Betting exchanges are great alternatives to a traditional sportsbook, and gives you a much a different betting experience, often with exclusive markets, and the chance to back or lay a selected at a bigger price than a bookmaker would offer you. On this page we’ll give you information on the Bitcoin betting exchanges available to you where can deposit using BTC and other cryptocurrencies.
Bitcoin betting exchanges are one of the fastest-growing niches in the online sports betting arena, and many betting exchanges offer better odds and payouts on lay bets, making them a great way to cash in even more on the value of your Bitcoin.
Bitcoin Betting Sites in the United Kingdom
Bitcoin is becoming a big deal with punters in the United Kingdom. As online betting in the UK is very well regulated, online betting sites must hold a gambling commission licence in order to accept UK-based players. When it comes to BTC, any bookmaker operating in the UK and accepting Bitcoin will indicate on their website or app that they hold a valid licence from the UK Gambling Commission.
On this website you’ll find details of UK betting sites accepting Bitcoin.
Bitcoin Betting Sites FAQs
Can you bet on Bitcoin?
Betting with Bitcoin is one of the fastest-growing markets in the sports betting industry. Not only do you have the chance to win a very valuable asset but you benefit from the speed, security and low costs of transacting on the blockchain.
Which betting sites accept Bitcoin?
A number of online bookmakers allow you to deposit and bet Bitcoin, including 1xBit, Betwinner, PNXBet, 1xBet and MELbet.
Is it illegal to gamble with Bitcoin?
While certain countries have placed limitations on local casinos and betting operators from receiving deposits via Bitcoin there are no regulations that stop punters from betting at offshore sites using the cryptocurrency. We recommend reading our reviews of the best Bitcoin bookmakers to help you decide where to bet next.
Is Bitcoin the only cryptocurrency accepted at online sportsbooks?
No, it is not. While Bitcoin was the first gambling cryptocurrency there are not many cryptos available to bet with. We have handy guides for you on betting with Litecoin, Ethereum, Dogecoin, Ripple and many others.
Can I use Bitcoin to bet on sports?
Yes. A number of online bookmakers accept Bitcoin and other cryptocurrencies as a payment method to deposit and bet with. Some betting sites, such as 1xBit, operate in a number of countries and exclusively use crypto such as Bitcoin.
