Best Formula 1 Crypto Betting Sites in 2024

Reviewed by

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Omar Fejzagić, Andy M., Kathleen M., R.R.H., Brian Nibley

Available Countries

+236

Available Cryptocurrencies

1
2
3
+43
Stake
Sports Rating
9.48
Not Available in
Visit Stake
See other choices

Available Countries

+236

Available Cryptocurrencies

1
2
3
+43

18+ Only - Gambling in your location may be forbidden – “you are responsible”.
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Intro

Welcome to the realm of Bitcoin Formula 1 betting sites. On these platforms, the excitement of high-speed racing meets the modern-day financial marvel that is cryptocurrency.

The outline of this comprehensive guide dives into the heart of this fusion between the racetrack and the blockchain:
 

  • Discover the compelling advantages that betting with cryptocurrencies brings 
  • Learn what to look out for when selecting a reputable crypto Formula 1 betting site
  • Go through all the steps to make your first Formula 1 bet with Bitcoin

So, buckle up and get ready to get started on a venture that combines the best of both worlds into a seamless betting experience.

Best Sites

1.

Stake

Sports Rating 9.48
Not Available in
Not Available in United States
9.48
Bonus: 
Exclusive 10% Lifetime Rakeback using code MANIAKS
Description: 

Stake is a popular option for betting crypto on sports and casino games for many reasons, including their neat user interface, and the variety of sports/games they offer.
While they do not offer a welcome bonus, they are one of the best crypto gambling sites around in terms of VIP perks, cashback, and bonuses.

Stake sportsbook screenshot

General Information

Year founded: 
2017
Cryptocurrencies: 
Bitcoin
Ethereum
XRP
Dogecoin
Bitcoin Cash
Litecoin
TRON
EOS
Binance Coin
Tether
Languages: 
English
Spanish
Russian
French
German
Portuguese
Finnish
Indonesian
Korean
Polish
Turkish
Vietnamese
Chinese (Mandarin)
Hindi
Licence(s): 
Curaçao

Anonymity

Stake doesn't require much information when registering. To complete your first deposit, you will be required to complete KYC level 1, which means you will have to share basic information such as name, DOB and residential address. This information can be changed later down the route.

Like most of its competitors, for regulatory reasons, Stake reserves the right to ask for further KYC documentation to confirm your identity and location. However, Stake is known to be privacy-friendly, and most players won't ever need to complete this step.

Reputation

Stake offers and recommends activating 2FA (2-factor Authentication), which continues to establish itself as the new normal for a secure log-in method.

Pros and Cons

Lifetime Rakeback.
Pros Description (Normal): 
By using our exclusive code "MANIAKS" when registering, you will receive 15% rakeback on all of your wagers, forever.
Great reputation.
Pros Description (Normal): 
Perfect player reviews across the internet and forums
Two-factor authentication.
Pros Description (Normal): 
Use this rare feature to keep your account secure
Provably fair games.
Pros Description (Normal): 
Verify the results of some of their games
Great customer service.
Pros Description (Normal): 
The support will resolve your issues promptly and in many languages
Large crypto variety.
Pros Description (Normal): 
Deposit with more than 130+ cryptocurrencies
Lots of betting odds.
Pros Description (Normal): 
Bet on more than 100 different outcomes on major events
Casino games for everyone.
Pros Description (Normal): 
1,021 games available, including 16 exclusive to Stake.com
Active community.
Pros Description (Normal): 
Players are interacting with each other in 8 languages. You won’t feel alone!
High return to player.
Pros Description (Normal): 
RTP reaches 99% for some games
Awesome promotions.
Pros Description (Normal): 
Frequent and attractive promotions, including a chance to win a Lamborghini Huracan Evo
Cons Title (Bold): 
Sports betting odds.
Cons Description (Normal): 
Other sportsbooks may offer better odds on major events
Cons Title (Bold): 
Limited information.
Cons Description (Normal): 
Restrictions, fees and payout details hard to find
Cons Title (Bold): 
No welcome bonus.
Cons Description (Normal): 
But this is how they manage to provide instant payouts and awesome promotions
Not Available in United States
2.

Sportsbet

Sports Rating 9.11
Not Available in
Not Available in United States
9.11
Bonus: 
Win 1,000,000 USDT in the Million-Dollar Challenge!
Description: 

Sportsbet offers a superb sportsbook as well as a nice assortment of casino games. Their three core principles are Fun, Fast, and Fair.

General Information

Anonymity

While you can register on Sportsbet with just an email address, they reserve the right to require KYC and will lock your account if you provide inaccurate information.

Reputation

Sportsbet has an excellent reputation among gamblers. They respond quickly and fairly to complaints.

Pros and Cons

Not Available in United States
3.

Cloudbet

Sports Rating 9.25
Not Available in
Not Available in United States
9.25
Bonus: 
100% Welcome Bonus up to 5BTC
Description: 

Cloudbet is a sports-focused gambling site that also offers casino games. The site offers a wide selection of games and sports to bet on. 

General Information

Anonymity

Cloudbet offers anonymous play. The site is also very secure with SSL and two-factor authentication.

Reputation

Cloudbet has received some complaints about slow payouts and poor service. Most of the complaints they have received were quickly resolved. 

Pros and Cons

Not Available in United States
4.

BetOnline

Sports Rating 9.48
Available in
Available in United States
9.48
Bonus: 
50% Welcome Bonus up to $1,000
Description: 

BetOnline is an online casino with higher than average betting limits. It offers sports betting, poker, casino, esports, and lots of bonuses throughout the year.

General Information

Anonymity

BetOnline does not offer anonymity. You must provide your country, postal code and phone number just to open an account. 

Reputation

BetOnline has a fair reputation depending on who you ask. They offer a wide variety of betting options but there are also many complaints against them.

Pros and Cons

Play on BetOnline
5.

1xBit

Sports Rating 5.58
Not Available in
Not Available in United States
5.58
Bonus: 
Promo Code: 1xb_13206 Welcome Package up to 7BTC
Description: 

1xBit Casino is a famous cryptocurrency gaming platform, for its sports betting and diverse casino options. It focuses on sports betting rather than casino games and goes beyond traditional gaming, to specialised bets such as forex and financial predictions. 

Players will find a multitude of crypto payment options through its strategic currency exchange partnerships. While it doesn’t offer FIAT payment options, it is a preferred choice for enthusiasts seeking both sports betting and casino entertainment.

General Information

Anonymity

1xBit casino prioritizes anonymity through its registration process and use of innovative technologies. Users can easily create accounts by providing basic information such as email and creating a password. Additionally, fund transfers through cryptocurrencies and blockchain are anonymous and fast, eliminating waiting times and enhancing security.

Reputation

1xBit Casino has a solid reputation in the crypto-gambling sphere and this is linked to its exclusive use of cryptocurrencies for payments. However, there is limited information on its ownership, which creates a level of uncertainty among some players. Despite these concerns, it holds a positive status in the gaming market.

Pros and Cons

Not Available in United States
6.

Betflip

Sports Rating 2.45
Available in
Available in United States
2.45
Bonus: 
111% up to €1500 or 1 BTC
Description: 

BetFlip is a crypto casino site that also offers an impressive sportsbook. The site offers several crypto deposit options as well as eWallet deposit options.
Betflip players can benefit from bonuses on their first 10 deposits with a  €10 or equivalent minimum deposit.

General Information

Anonymity

Betflip registration only requires an email, username and password but personal information is required to claim bonuses, and they reserve the right to request a KYC. The site reserves the right to check your identity prior to processing payouts and to hold withdrawals until your identity is verified. 

Reputation

BetFlip does not have a good reputation, with most review sites rating them as bad.

Pros and Cons

Play on Betflip

F1 track, F1 car, F1 driver and a load of crypto coins

 

Kickstart Your Engines: Your Gateway to Formula 1 Betting on Crypto Platforms

An image of a long path with a stack of coins at the end, and an F1 flag
 
Formula 1 betting and cryptocurrencies are quite the power duo, much like a well-tuned engine on a sleek chassis. 

If you want to merge these two fast-paced worlds, here’s a simple guide to get you started on the best Bitcoin Formula 1 betting sites.
 

1. Choose a Crypto Formula 1 site from our list

Select a site from our curated list of the best Bitcoin gambling sites. It's your first step into the circuit of crypto Formula 1 betting.
 

2. Open an account

Just like a pit stop, creating an account is swift and straightforward. Fill in the necessary details, and you're ready to roll.
 

3. Buy crypto

Purchase your crypto fuel from reliable exchanges like Binance or Kraken. It's advisable to avoid platforms like Coinbase, which may not be gambler-friendly.
 

4. Prepare your Bitcoin

Before you race ahead, ensure your Bitcoin is ready in a non-custodial or hosted wallet, securing your funds like a well-guarded garage.
 

5. Check your account’s deposit address

Every racer needs a track. Your track here is the deposit address, a unique cryptographic code akin to a public key. Verify it meticulously to ensure a smooth ride.
 

6. Deposit and start Formula 1

Deposit your Bitcoin into your account and gear up. You're ready to experience the race and place your bets on the best Bitcoin Formula 1 betting sites.
 

7. Withdraw your winnings

Victory lap time! Withdraw your winnings back to your wallet. Like how a racer takes their trophy home, take your winnings with pride.

Each of these steps is a lap towards the finish line, ensuring a seamless merge onto the track of Formula 1 betting with crypto. 
 

Finding Your Race Track: Choosing the Right Crypto Formula 1 Betting Site

Diving into Formula 1 betting with Bitcoin is a fun twist to enjoying the races. Here's a guide to help you pick the right crypto Formula 1 betting site among the best crypto sports betting sites.
 

Diverse payment and cryptocurrency options

A good site has many ways to deposit money. Look for sites that accept different cryptos and add new ones often. Some sites also accept regular money, which is good if you want more options.
 

Speed and limits of withdrawals 

Bitcoin is fast, but some sites may slow down your withdrawals with extra checks. Make sure the site you pick doesn’t keep you waiting for long. Also, check the site’s withdrawal limits to ensure they meet your needs.
 

Offerings of the crypto Formula 1 site

Pick a site that gives you many ways to bet, not just on Formula 1 races but other sports or games. This way, you can enjoy different betting options all in one place.
 

Geo-friendly crypto Formula 1 sites

Make sure the site you pick allows players from your country. You don't want any trouble with your funds. Check the site’s rules to ensure they welcome players from your area.
 

Establishing site reputation

Look for secure sites with a good reputation. Check if they have a license and look for reviews from other players to know what to expect.
 

Bonanza of promotions, bonuses, and VIP perks:

Good sites offer bonuses and promotions. Check the site’s offers and understand the rules. VIP programs are also good as they offer more rewards.
 

Customer support efficiency:

Good customer support is essential. Look for sites with fast, friendly, and helpful support. You can ask them questions before you deposit to see how they respond.
 

Prioritize end-to-end crypto Formula 1 sites:

End-to-end crypto sites let you bet and withdraw in crypto. Other sites change your crypto to regular money, which can have fees. 

Sticking with end-to-end crypto sites for a full crypto experience is better.
 

Why Venture into Crypto Formula 1 Betting Sites?

Formula 1 has always been about pushing the limits of speed and technology, a trait it shares with the innovative realm of cryptocurrencies. 

Bitcoin Formula 1 betting sites embody this synergy, presenting a novel and engaging way for fans to elevate their race day excitement. 
 

Navigating geo-limitations

One of the early roadblocks you might encounter in online betting is geographic restrictions. Traditional betting platforms often have rigid regional limitations.

However, Bitcoin Formula 1 betting sites tend to be more tolerant, some even VPN-friendly. 

This isn’t a green light to sidestep local laws - adhering to legal guidelines is paramount. 

A casual reminder: always ensure you’re within your jurisdiction's legal boundaries of online betting.
 

Accelerated transactions and generous limits

One of the crucial factors of online betting is the time it takes to process transactions. Crypto transactions, on the other hand, are known for their speed. 

Whether depositing or withdrawing funds, cryptocurrencies like Bitcoin and Litecoin offer a near-instant transfer service

Furthermore, many top crypto Formula 1 sites remove the speed bumps by having higher or no limits on transaction amounts, making your betting experience smoother.
 

Potential growth in crypto balance value

Crypto market dynamics could add extra excitement to your betting. 

The value of cryptocurrencies can soar or plummet based on market conditions, potentially altering the value of your winnings (except for stablecoins like USDC and Tether). 

It's like having a race within a race, where your crypto balance is on its track.
 

Maintaining privacy

Unlike traditional transactions, betting with cryptocurrencies on Formula 1 or opting to bet on sports anonymously provides a layer of privacy since these transactions are not reflected in your bank statements

It's a discreet avenue to fuel your love for Formula 1 betting or other sports wagering adventures.
 

Embracing modern betting platforms

Crypto Formula 1 betting sites often have their fingers on the tech pulse. With sleek interfaces, intuitive design, and integrated mobile apps, they deliver a user experience as modern and cutting-edge as the F1 cars themselves.
 

Crypto’s edge over fiat

Fiat transactions often feel like driving a sedan in a race full of supercars. 

Cryptocurrencies, the new kid on the block, bring a relaxed, modern vibe to the betting scene. It's about being part of something innovative and contemporary.
 

Autonomy in your betting ventures

Crypto transactions require no middleman. This autonomy allows for a direct, unimpeded pathway between you and your chosen Bitcoin Formula 1 betting site. 
 
 

The Flip Side of Crypto Formula 1 Betting Sites

Diving into Formula 1 betting with crypto is fun, but comes with some bumps. Here’s a peek into what to expect.
 

Navigating the regulation gray area

Crypto Formula 1 sites often sit in a legal gray spot because there's little regulation. Betting on unlicensed sites can be risky. Some sites get a Curacao license, which is easier to get. 

Like other crypto areas, trust in a site comes from its good past behavior. Picking reputable platforms is vital for safe betting.
 

Facing the irreversibility of transactions:

Crypto transactions are fast and cheap. But, they are final. A small mistake in typing your deposit address can send your money to the wrong place.

And you can’t get it back. So, being very careful when handling crypto transactions is a must.
 

Seeking resolution during disputes:

Crypto transactions skip the banks. This is cool, but it also means if something goes wrong with the site, getting help is tougher. It's wise to pick platforms known for good customer support.
 

Gaining basic crypto literacy:

Stepping into crypto can be scary. You need to know the basics to manage your funds safely

The first step to easy deposits and withdrawals is learning how to handle cryptocurrencies.
 

Bracing for crypto's financial whirlwind:

Crypto values can shoot up or drop quickly, sometimes in hours or days. This change in value is part of the deal when betting with crypto. 

Being ready for this financial ride is part of the crypto betting scene.
 
     

Our Rigorous Review Process for Crypto Formula 1 Sites

When scouting the best Bitcoin Formula 1 betting sites, our dedicated team of expert reviewers dives deep to ensure you get the real deal. Here’s a peek into our meticulous review process:
 

Registration

The registration lane is where our exploration begins. We assess how straightforward and user-friendly the sign-up process is on each crypto Formula 1 betting site.
 

Depositing

Next, we steer through the deposit process, evaluating the range of cryptocurrencies accepted, mainly focusing on Bitcoin and Ethereum for Formula 1 betting sites.
 

Formula 1

Now, onto the race track! We scrutinize the Formula 1 betting experience, the odds offered, and how well the site caters to F1 enthusiasts.
 

Customer support

Every pit stop needs a responsive crew. We test the customer support for responsiveness, knowledge, and the range of communication channels available.
 

Withdrawal:

Speeding through the withdrawal process, we check how fast and smooth it is to cash out your winnings, ensuring a seamless transition from the betting track to your bank.
 

Feedback from real players

Lastly, we tune into the voices of the community. Real player feedback is invaluable, giving us a glimpse into the user experience from the grandstand of the best Bitcoin Formula 1 betting sites.

Each stage of our review process ensures that you're geared up for a smooth, enjoyable betting ride when you hit the track for Formula 1 betting with Bitcoin. 
 
 

Exploring Varied Betting Avenues at Top Crypto Formula 1 Sites

The best crypto sports betting sites offer a playground for other sports betting opportunities. 

Here’s a glimpse..
 

Football

Kick off your betting adventure beyond the F1 track with some football action. Whether it’s NFL or college football, a field of bets awaits.
 

Soccer

Feel the global pulse by diving into soccer betting. From the English Premier League to the World Cup, the goals and the bets keep coming.
 

Basketball

Switch gears and jump onto the court. BTC basketball sites provide a slam dunk experience in betting on the NBA, NCAA, and more.
 

Baseball:

Hit a home run in the betting arena with some baseball action. The bases are loaded with numerous betting options.
 

Boxing:

Step into the ring and bet on your favorite boxing matches. It’s a different kind of adrenaline rush.
 

Live streams:

Stay on the pulse with live streams. Witness the action unfold in real time, enhancing your betting experience.
 

In-play betting:

React on the fly with in-play betting. As the game dynamics change, so do your betting opportunities.
 

Mobile betting

Take the betting excitement on the go. Mobile betting ensures you’re never far from the action, whether you're betting on Formula 1 or trying your luck with other sports.
 
 

Upsides and Downsides of Crypto Formula 1 Betting Sites

Steering into the world of Formula 1 betting with Bitcoin is like gearing up for a new race. 

Before we hit the gas, let's understand the vehicle we're driving – Bitcoin, and how it maneuvers on the Formula 1 betting track.
 

What is Bitcoin, how does it work?

Bitcoin is your digital currency, a cryptocurrency that operates on a decentralized network called blockchain. 

It's like your racing car in the digital financial world, running on a track where no single entity, like a bank or government, controls the race.
 

Pros of using Bitcoin on Formula 1 sites

  
  • Speed: Bitcoin transactions race through at high speeds, ensuring your deposits and withdrawals don’t lag
  • Lower fees: You'll find fewer pit stops in the form of transaction fees, making your betting ride smoother
  • Privacy: With Bitcoin, your financial pit stops remain discreet, keeping your betting journey under wraps

 

Cons of using Bitcoin on Formula 1 sites

 
  • Price fluctuation: Bitcoin’s value can change like a car’s speed, which may affect the value of your deposits or winnings
  • Learning curve: Understanding Bitcoin is like learning to drive a new racing car, it might take some time to get accustomed
  • Limited acceptance: Not all Formula 1 betting sites accept Bitcoin, so your choice of tracks might be limited

 

Final Thoughts on Crypto Formula 1 Betting Sites

As we navigate the betting circuit, crypto Formula 1 sites emerge as an excellent option for avid bettors and Formula 1 enthusiasts

These platforms shift the gears of traditional betting, injecting a fresh dose of speed, privacy, and lower fees, courtesy of Bitcoin's prowess. 

The features offered are like a thrilling race day itinerary, from the ease of registration to the rush of in-play betting. 

While the crypto terrain may have its share of bumps like price volatility, the finish line rewards us with a spirited and modern betting arena. 

Frequently Asked Questions

How can I use Bitcoin Formula to bet on Formula 1 races?

To bet on Formula 1 races using Bitcoin, select a reputable crypto-betting site, create an account, deposit Bitcoin, and place bets on your preferred races.  
 

Where can I find the best Bitcoin Formula 1 betting odds?

You can find the best Bitcoin Formula 1 betting odds on the sites on our list.  
 

What is the difference between bitcoin and fiat currencies?

Bitcoin is decentralized, while fiat currencies are government-issued and controlled. Bitcoin transactions can be more private and usually have lower fees than fiat transactions.  
 

What are the risks of using crypto?

Using crypto carries risks like price volatility, lack of regulation, and potential loss of funds due to hacking or user error.  
 

What are the benefits of using crypto?

Crypto offers benefits like lower transaction fees, faster transactions, increased privacy, and a degree of autonomy from traditional financial systems.  
 

How do I know if a Bitcoin Formula 1 betting site is safe and secure?

Ensure the Bitcoin Formula 1 betting site has robust security measures, a good reputation, and is licensed by a reputable gaming authority.  
 

Written by

Tamara T.

Tamara is an entrepreneur and content specialist. She is passionate about gambling and cryptocurrency world, having worked on different casino and crypto writing projects. Tamara is also interested in legislation, investments, and DeFi.

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