Best Bitcoin Betting Sites
Bitcoin is one of the world's most popular cryptocurrencies. As the demand for Bitcoin has grown, more and more online betting websites have allowed punters to place their sports bets using this online currency as their preferred payment method.
There are now a large number of online sportsbooks that specialise in Bitcoin betting. This page will tell you everything you need to know about Bitcoin and which bookmakers in your country will allow you to place bets using this cryptocurrency.
What is Bitcoin?
Bitcoin is a decentralized digital currency that was first created in 2009.
Each Bitcoin is a computer file. Bitcoins are stored in a 'digital wallet', either on a computer or on your smartphone.
Bitcoin transactions are verified by network nodes through cryptography. Bitcoins can be transferred via peer-to-peer networks, with each transaction recorded in a public list called the blockchain.
Bitcoin are becoming almost as accessible as the more traditional currencies. You can purchase coins on Bitcoin exchanges and you can accept Bitcoin as payment for services or products. Bitcoin betting is on the rise and the number of Bitcoin betting sites will only grow.
Some have been critical of Bitcoin for its use in illegal transactions. Most, however, see this cryptocurrency as an investment, and as it's become more mainstream, Bitcoin betting sites are growing in demand.
Bitcoin Betting Sites
Over the past few years, the number of online betting websites that now allow Bitcoin as a payment method has increased and we think that number is only going to keep increasing.
It's hard to pick the best online betting sites that accept Bitcoin, as this is such a new field. As soon as we pick the site we feel is best for Bitcoin users, a new brand may pop up who could jump straight to the top of the Bitcoin betting ranks. If you want to start betting with Bitcoin right now, the best thing to do would be to shop around and find a brand that suits your needs best.
Once you’ve found your ideal Bitcoin betting site, getting your bets on is quick and easy. Thanks to Bitcoin’s decentralized aspect, you do not have to worry about restrictions on your bets. Deposits and withdrawals are instant and you won't need to share any personal details with your chosen brand.
Online Betting With Bitcoin
As we mentioned above, there are a number of perks that come with placing your sports bets with Bitcoin.
Withdrawals and deposits that can take up to 24 hours to process with traditional betting sites happen instantly when you use Bitcoin. Crypto betting also offers more privacy, as no personal details need to be exchanged.
As Bitcoin betting is currency non-specific, it opens up the possibility for some punters to place bets with online sportsbooks that would otherwise be inaccessible.
There are, however, definite drawbacks to betting with Bitcoin. The main problem being availability. While this field is growing rapidly, Bitcoin bookmakers remains in the minority compared to their traditional counterparts.
Regulation issues may complicate matters further for online betting in some countries. There's also the lingering doubt about the value of Bitcoin and the fluctuations in the market.
The majority of punters will always prefer to use more traditional payment methods, such as debit cards or bank transfer, or popular e-wallets such as PayPal.
How to Deposit via Bitcoin
Once you have signed up with a crypto-friendly bookmaker, making a deposit with Bitcoin is straightforward. Just follow these steps...
- Log in to your bookmaker account
- Go to the deposit page and select Bitcoin as your preferred payment method
- Next, go back to your Bitcoin wallet (Coinbase, for example) and click on the ‘send/request’ page
- Enter the recipient’s address (this will be the address provided by the betting site when you selected Bitcoin as your payment method), then choose the amount of money you would like to deposit
- Click on ‘Send Funds’
That's it. You're done!
The transaction is almost instant. Once you’ve seen the confirmation screen, the money transferred should be available in your betting account.
Bitcoin Free Bets
To entice new customers into betting with their brand, many bookmakers run welcome offers that feature free bets. Crypto bookmakers are the same, and there are plenty out there that are offering free Bitcoin bets to new customers.
In addition to new customer welcome bonuses, the best betting sites often run special offers for both new and existing customers. These could be in the form of money-back specials, enhancements on certainly high-profile sporting events, and of course free bets.
Some of these special offers are only available for a short period of time. They may also require you to use a specific payment method, which could include Bitcoin.
Bitcoin Promo Codes
To qualify for these welcome offers, brands often ask new customers to sign up using certain codes. This code can be referred to as a bonus code, referral code, promo code, voucher code or coupon code. Whatever term a brand uses, this code is usually used in connection with a free bet offer, often for new customers.
Often, there is no requirement to enter a promotion code. However, by omitting this stage of the registration process, you may miss out on free bets when joining a new betting site.
Head to the Promotion Codes section of our website to see what code you'll need to sign up with any given bookmaker. We've covered plenty of Bitcoin bookmakers and crypto-specilists in our promo code section and many are running welcome offers for users who sign up with our exclusive code.
Other Cryptocurrencies
Here's a list of the most commonly used cyrptocurrencies on online betting websites...
- Bitcoin
- Ethereum
- Litecoin
- Dogecoin
- Polkadot
- Ripple
- Solana
- Tether
- OMG
- TrueTSD
- TRON
- ZCash
- USD Coin
- QTUM
- Bitcoin Cash
- Bitcoin Gold
- DigiByte
- Monero
- Chainlink
- Bitshares
