7 Best Bitcoin Sportsbooks & Crypto Sports Betting Sites [2021]

The Bitcoin sports betting industry is becoming extremely competitive with hundreds of bitcoin betting sites to choose from in 2021. 

In response to the increase in competition, the best bitcoin betting sites are now offering more crypto bonuses and benefits to attract more gamblers and high rollers. 

Bitcoin and crypto sportsbooks have become more attractive due to fast deposits and withdrawals, low fees, and a larger selection of games that can be played using Bitcoin and altcoins. 

In this article, I will explore:

  • The best bitcoin betting sites that are the most trusted and reliable
  • The advantages of betting on Bitcoin over fiat money 
  • How to bet with bitcoin and actually get in the action by getting your first cryptocurrency
Date: 
April 11, 2021
Read time: 
6 minutes

7 Best Bitcoin Sportsbooks & Crypto Sports Betting Sites [2021]

Author: Michael R.
Date: 
April 11, 2021
Read time: 
6 minutes

The Bitcoin sports betting industry is becoming extremely competitive with hundreds of bitcoin betting sites to choose from in 2021. 

In response to the increase in competition, the best bitcoin betting sites are now offering more crypto bonuses and benefits to attract more gamblers and high rollers. 

Bitcoin and crypto sportsbooks have become more attractive due to fast deposits and withdrawals, low fees, and a larger selection of games that can be played using Bitcoin and altcoins. 

In this article, I will explore:

  • The best bitcoin betting sites that are the most trusted and reliable
  • The advantages of betting on Bitcoin over fiat money 
  • How to bet with bitcoin and actually get in the action by getting your first cryptocurrency

The Bitcoin sports betting industry is becoming extremely competitive with hundreds of bitcoin betting sites to choose from in 2021. 

In response to the increase in competition, the best bitcoin betting sites are now offering more crypto bonuses and benefits to attract more gamblers and high rollers. 

Bitcoin and crypto sportsbooks have become more attractive due to fast deposits and withdrawals, low fees, and a larger selection of games that can be played using Bitcoin and altcoins. 

In this article, I will explore:

  • The best bitcoin betting sites that are the most trusted and reliable
  • The advantages of betting on Bitcoin over fiat money 
  • How to bet with bitcoin and actually get in the action by getting your first cryptocurrency

Should one have to make a personal prediction, I’d comfortably believe to see some of these growth numbers [for crypto sports betting sites] multiplied by at least two-fold by the year 2021.

The 7 Best Crypto Sports Betting Sites

Some crypto sports betting sites gaining steam are StakeSportsBet, CloudbetBetOnline1xBitBetflip, and Thunderpick.

  Sportsbook Rating Available in Supported Currencies Welcome Bonus  

Stake

Stake

9.3
BTC, ETH, LTC, and 5 more Exclusive 10% Rakeback using code Visit Stake  Promo Code: MANIAKS

Sportsbet.io

Sportsbet

9.0
BTC, USD, CAD, EUR,  ETH, LTC, and more VIP Promotions Visit SportsBet

Cloudbet

8.9
BTC, ETH, BCH, USDT, and 5 more. 100% up to 5BTC Visit Cloudbet

BetOnline.ag

BetOnline

8.7
BTC, USD, BCH, XRP, ETH, LTC, and more 50% up to $1,000 Visit BetOnline

1xBit

1xBit

8.5
BTC, ETH, LTC, USDT, and 20 more Welcome Package up to 7BTC Visit 1xBit  Promo Code: 1xb_13206

Betflip

8.5
BTC, ETH, BCH, XRP, LTC, and more 555% up to 10,000€ Visit Betflip

Thunderpick

Thunderpick

8.2
BTC, ETH, LTC, XRP, USDT, BCH Up to 500€ Visit Thunderpick

While they all offer cryptocurrency sports betting, they have very different value propositions. Let’s dive in and see how these crypto betting websites compare.

 

1. Stake

Stake is a popular option for Bitcoin betting and crypto sports betting for many reasons, including their neat user interface, and the variety of sports they offer. 

While they do not offer a welcome bonus, they are one of the best crypto sports betting sites around in terms of VIP perks, cashback, and bonuses.

Stake crypto sportsbook interface

Pros of Stake

  • Perfect reputation. I could find very few complaints at online crypto betting on Stake, and all of them were resolved promptly. Stake takes care of their customers. A strong sign of a legit Bitcoin sportsbook.
  • Easy registration. Enter your username, password, and email address, and you’re ready to bet with bitcoin. 
  • Social crypto betting. They have an active public chat and forum. Also, punters can decide to make their bets public for anyone to see.
  • Depth of lines. You'll find a lot of crypto betting options for each game.
  • Live events. 20k+ live events per month are available.
  • Perfect support. 24/7 Live support that will resolve all your problems. This is why Stake is considered one of the best Crypto sites for sports betting.
  • Instant withdrawals. Really. Betting cryptocurrency has never been this easy.
  • Huge VIP perks. Stake constantly launches new promotions and pours bonuses for its most active players.
  • Neat design. The design is simple and modern - one of the must-haves for the best bitcoin betting site.
  • Exclusive casino games. Stake offers low house edges casino games of their own, which you won't find when sports betting with Bitcoin on any other website.

Cons of Stake

  • Welcome bonus. Stake doesn't offer a welcome bonus for the first crypto bet. They stay away from bonus hunters and favor regular players through their VIP program and promotions. 
  • Geo restriction. This site is unavailable for sports betting with crypto from the US, Australia, and the Czech Republic.

Sports Available​

Alpine Skiing, American Football, Aussie Rules, Bandy, Baseball, Basketball, Biathlon, Boxing, Counter-Strike, Cricket, Cross-Country, Cycling, Darts, Dota 2, Electronic Leagues, Floorball, Formula 1, Gaelic Football, Gaelic Hurling, Golf, Handball, Ice Hockey, King of Glory, MMA, Motorcycle Racing, Politics & Entertainment, Rocket League, Rugby, Ski Jumping, Snooker, Soccer, Stock Car Racing, Table Tennis, Tennis, Volleyball, Waterpolo.

Crypto Betting Bonuses

VIP Perks and promotions. No welcome bonus.

Currencies available for deposit

BTC, ETH, LTC, BCH, DOGE, XRP, TRX, EOS

Restricted Countries 

United States, United Kingdom, Australia, France, Netherlands, Italy, Portugal, Czech Republic, Poland, Slovakia.

Crypto Sportsbook Rating: 9.3/10

 

Did you know? Stake also ranks 1st in our list of the 7 Best Bitcoin Casinos.

 

2. SportsBet

SportsBet is a great sports betting site that accepts Bitcoin and many other cryptocurrencies. The only major flaw of SportsBet is that they do not allow US, Australian, or Estonian punters for cryptocurrency betting.

Sportsbet bitcoin sports betting site

Pros of SportsBet

  • Perfectly legal. Sportsbet does excellent from a legal standpoint. A great sign of a legit BTC betting site.
  • Excellent reputation. You won't find any complaint online that hasn't been solved by their support. That’s how the best crypto betting websites treat their players.
  • Neat design. They surely have thought a lot about it to please the players. Betting crypto becomes even more enjoyable with a good user experience.
  • Efficient support. Sportsbet offers 24/7 live support. From my experience with this crypto site, the support agents are clearly well-trained and efficient.
  • Massive sponsorships. Sportsbet is the main partner of the following football clubs: Southampton FC (English Premier League), Watford FC (English Championship), and Flamengo (Brazil Serie A). It is the main betting partner of Arsenal FC (English Premier League) as well. This is also why they are considered as one of the best crypto sportsbooks around.
  • Interesting promotions. Sportsbet often comes up with fancy, exclusive promotions to keep us entertained while we bet bitcoin.
  • Fiat accepted. In the event you would want to deposit fiat over BTC betting, for example, Sportsbet accepts payments with Visa, Mastercard, MuchBetter, Ecopayz, Paysafecard, and more.

Cons of SportsBet

  • Welcome bonus. Just like Stake, Sportsbet doesn't offer a welcome bonus for the first bitcoin bet and rather focuses on offering great promotions.
  • Not anonymous. You may have to prove your identity to withdraw your funds.
  • Geo restriction. Restricted to players from many countries.

Sports Available​

Soccer, Basketball, American Football, Tennis, Table Tennis, Boxing, Cricket, CS:GO, Darts, Dota 2, Floorball, Handball, Ice Hockey, Rocket League, Rugby, Snooker, Volleyball.

Crypto Betting Bonuses

SportsBet runs various promotions on a regular basis. Check them out and make sure to opt-in if you want to participate.

Currencies available for deposit

BTC, USDT, ETH, LTC, XRP, TRX, ADA, SOC, EUR, USD, CAD, INR, BRL

Restricted Countries

United States, United Kingdom, Australia, Germany, Netherlands, Estonia.

Bitcoin Sportsbook Rating: 9.0/10

 

3. Cloudbet

Cloudbet is a crypto sports betting website launched in 2013. Since then, Cloudbet has expanded its games and sportsbook categories to include every international sport imaginable. Betting with crypto has never been this interesting.

Cloudbet crypto sportsbook interface

Pros of Cloudbet

  • Best odds. Cloudbet seems to offer the best odds in the crypto sports betting industry. This is one of the first things many punters look for when searching for the best cryptocurrency betting site.
  • Great experience. You should find it super easy to set up your preferences and find your favorite games.
  • Modern design. The atmosphere of the site is very pleasant.
  • Many cryptocurrencies accepted. Apart from BTC, ETH, BCH, USDT, USDC, PAX, DAI, PAXG, LINK are also available.
  • Large range of sports. You’ll find 35 sports available for crypto betting on Cloudbet. That’s more than most sites.
  • Configurable currency. Bet with BTC, mBTC or Satoshi. It’s up to you!
  • Great support. The live chat is available 24/7 and is very helpful.
  • Regular promotions. Lots of promotions on a regular basis. You shouldn’t get bored anytime soon.
  • Languages. The site is translated into 19 languages.
  • Excellent casino. For the fans out there!

Cons of Cloudbet

  • Crypto bet only. No fiat support.
  • Questionable reputation. I have found many old complaints about Cloudbet. Nowadays, Cloudbet seems to do much better at solving customers’ complaints.
  • Unclear VIP program. Although Cloudbet offers a VIP program, you can’t participate in it unless you’re invited by a VIP manager.

Sports Available

American Football, Arena of Valor, Aussie Rules, Badminton, Bandy, Baseball, Basketball, Boxing, Counter-Strike, Cricket, Cycling, Darts, Dota 2, FIFA, Floorball, Golf, Handball, Ice Hockey, King of Glory, MMA, Motorsport, NBA2K, Politics, Rainbow Six, Rocket League, Rugby League, Rugby Union, Snooker, Soccer, Table Tennis, Tennis, Volleyball, Waterpolo.

Cryptocurrency Betting Bonuses 

100% Welcome Bonus up to 5BTC

Currencies available for deposit

BTC, ETH, BCH, USDT, USDC, PAX, DAI, PAXG, LINK.

Restricted Countries

United States and its territories, United Kingdom, Hong Kong and Singapore.

Bitcoin Sportsbook Review: 8.9/10

 

You may also like our other resource for sports, casino & poker gambling.

 

4. BetOnline

BetOnline is one of the most popular crypto sports betting sites for US players, even though it’s accessible almost worldwide. 

Since it launched back in 2004, BetOnline has built itself a reputation for being one of the few sports betting sites accepting Bitcoin from US players.

Betonline crypto betting site

Pros of BetOnline

  • Events available. Lots of sports and live betting events are available.
  • Accepts many cryptocurrencies. Apart from BTC sports betting, you can deposit funds with lots of other cryptocurrencies, including BCH, XRP, ETH, LTC, and more.
  • Available almost worldwide. Although it focuses primarily on US players, BetOnline also welcomes punters from pretty much all over the world.
  • Solid bonuses. Plus exclusive bonuses when betting with Bitcoin.
  • Customer support. Proven track record of customer support, which is available via chat and call 24/7.
  • Sports, Casino, Poker. BetOnline is your all-in-1 website for bitcoin betting.

Cons of BetOnline

  • Old fashioned website. BetOnline doesn’t have the most user-friendly website for crypto betting out there.
  • No BTC betting. You can’t directly bet with Bitcoin on sports, as BetOnline will convert your crypto deposits to USD -- and back when the time comes to withdraw your winnings.

Sports Available

Baseball, Basketball, Football, Golf, Hockey, Soccer, Tennis, Aussie Rules, Auto Racing, Boxing, Cricket, Darts, Handball, Martial Arts, Pool, Rugby League, Rugby Union, Snooker, Futsal.

Cryptocurrency Betting Bonuses 

50% welcome bonus up to $1,000, 100% first-time crypto deposit bonus, and many more! Find more bonuses here

Restricted Countries

United Kingdom, Australia, France, and a few more.

Bitcoin Sportsbook Review: 8.7/10

For more insights, you can read the full review of BetOnline by my fellow CryptoManiak R.R. Hauxley.

 

5. 1xBit

1xBit was launched back in 2016 and is one of the highest-rated cryptocurrency sports betting sites due to its extensive list of games, promotions, and languages.

1xBit is not only one of the best Bitcoin sports betting sites around in terms of betting options -- it’s also anonymous, and the only sports betting crypto site that accepts deposits with more than 20 cryptocurrencies.

1xBit BTC betting site

Pros of 1xBit

  • Welcome bonus. Welcome Package up to 7 BTC (Use the promo code “1xb_13206” when registering). 
  • Anonymous betting. Full anonymity is at the center of 1xBit's efforts to become one of the best bitcoin betting sites.
  • Easy registration. One-click registration and easy account setup.
  • Range of events. Incredible number of events available to bet on, including: weather, Cristiano Ronaldo's possible coming out, nobel prizes, and many more. Anything you can bet on, 1xBit offers it.
  • Accepts 26 cryptocurrencies. That's more than any other crypto sportsbook out there I know.
  • Multicurrency accounts. You can switch accounts to play with up to 21 cryptocurrencies.
  • Multilingual. The website is available in 60 languages.
  • Solid partnerships. A lot of major brands publicly promote 1xBit, including CoinMarketCap, which shows credibility. 
  • Worldwide VPN access. 1xBit takes the position to accept players from anywhere in the world. If you're located in one of the restricted countries, you should be able to use a VPN if you want to bet crypto on 1xBit.

Cons of 1xBit

  • Questionable reputation. 1xBit has faced numerous complaints online, which they haven't always publicly resolved. Though this can be balanced by the size of their customer base. 
  • User experience. The user interface and overall usability are way less pleasant than Sportsbet's or Stake's. 
  • Geo restriction. US and UK punters may struggle to access the platform.
  • Lack of information. It’s unclear where 1xBit operates from and whether or not they are licensed, as they choose not to disclose these details.

 

CryptoManiaks Tip: After you have created your account, link your email address to it. That is mandatory to recover your account if you lose your credentials. Plus, in order to claim bonuses offered by 1xBit, go to My Account / Account Settings and make sure the option “take part in bonus offers” is enabled.

Sports Available

Popular Sports: Football, Tennis, Basketball, Ice Hockey, Volleyball, Table Tennis
Other sports: Alpine Skiing, American Football, Badminton, Bandy, Biathlon, Bicycle Racing, Billiards, Boxing, Chess, Crickets, Darts, Figure Skating, Floorball, Formula 1, Futsal, Gaelic Football, Golf, Greyhound Racing, Handball, Horse Racing, Horse Racing AntePost, Hurling, Lottery, Martial Arts, Motorsport, Poker, Politics, Rugby, Ski Jumping, Skiing, Snooker, Toto, Trotting, Trotting AntePost, TV-Games, UFC, Weather.

Cryptocurrency Betting Bonuses 

Welcome package of up to 7BTC, available for your 4 first deposits! Read the bonus terms & conditions. Use the promo code “1xb_13206” when registering.

Currencies available for deposit

BTC, LTC, DOGE, DASH, ETH, XMR, ZEC, XEM, DGB, BTG, BCH, ETC, BTS, XVG, QTUM, STRAT, XRP, EOS, USDC, TUSD, PAX, USDT, LINK, OMG, BAT, TRX

Restricted Countries 

United States, United Kingdom, Australia, South Africa, Netherlands, Cyprus, and a few more.

However, 1xBit should let you play from anywhere if your IP address shows that you are playing from one of the supported countries, which can be achieved by the use of a VPN.

Bitcoin Sportsbook Rating: 8.5/10

 

6. Betflip

Betflip launched in 2019 and is one of the newest Bitcoin sports gambling sites available. Although Betflip is not yet the most trusted bitcoin sports betting website, I couldn’t find or hear about any complaints about them. 

Despite their recent launch, they definitely have competitive odds and bonuses and are one of the best Bitcoin sportsbooks accepting US and UK players.

Pros of Betflip

  • Welcome package. Although I’m not fond of spreading the welcome package between the first 10 deposits, their first deposit bonus only is better than most bitcoin sportsbooks out there.
  • Lots of bonuses. Aside from the welcome package, Betflip offers a long list of bonuses for crypto sports betting.
  • Variety of sports. Most sports that are available for betting online are available for crypto betting on Betflip.
  • Competitive odds. Betflip offers as good odds as Stake and Sportsbet.
  • 24/7 live chat. Help is never far away.
  • Available worldwide. Almost worldwide to be transparent, but that’s still a rare commodity these days.
  • Provably fair games. For the casino amateurs out there.

Cons of Betflip

  • Lacks promotions. Betflip offers great bonuses but fails to offer promotions that stand out. You won’t have the chance to win a lamborghini or participate in leaderboards and seasonal promotions.
  • Play with EUR. You can deposit with many cryptocurrencies, but you can’t bet on sports with BTC; your crypto deposits will be converted into EUR automatically.
  • New Bitcoin sportsbook. Betflip is a new bitcoin sportsbook; although I couldn’t find any complaint about their behavior, they still lack a solid reputation to be the safe place to bet bitcoin.

Cryptocurrency Betting Bonuses

Betflip offers a welcome package worth 555% up to €10 000 + 500 free spins on your first 10 deposits. You have to deposit at least 20€ (or equivalent in other currencies) to be eligible. 

The package is composed of degressive deposit bonuses:

1st Deposit Bonus 100% up to €1000 / 1 BTC or euro equivalent in other currency + 100 Free Spins

2nd Deposit Bonus 90% up to €900 / 1 BTC or euro equivalent in other currency

....

5th Deposit Bonus 60% up to €600 / 1 BTC or euro equivalent in other currency +100 Free Spins

10th Deposit Bonus 10% up to €100 / 1 BTC or euro equivalent in other currency + 300 Free Spins.

Currencies available for deposit

BTC, ETH, BCH, XRP, LTC, DOGE, DASH, TRX, ZEC, EUR, USD, RUB

Restricted Countries

Betflip is available to players from pretty much worldwide. You may not be able to use the platform if you reside in countries such as Algeria, Iran, North Korea, and a few more.

Bitcoin Sportsbook Rating: 8.5/10

 

Are you willing to bet on sports with Ethereum, instead? Check out the 5 best Ethereum betting sites right now

 

7. Thunderpick

Thunderpick is a rising Bitcoin sports betting site.

Thunderpick is quickly rolling out new features and improvements. Also, your account remains anonymous if you stick to using cryptocurrencies.

Thunderpick crypto sportsbook

Pros of Thunderpick

  • Fast withdrawals. 15 minutes on average.
  • Gamified experience. Thunderpick makes sure to satisfy gamers with leaderboards, ranks, and an overall experience they are familiar with.
  • Fiat accepted. You can also deposit using Visa, Mastercard, Skrill, and more.
  • 24/7 live chat. Get help at any time.
  • 7 languages. English, German, Russian, Turkish, Portuguese, Spanish, Chinese.
  • Decent Bonus. Up to 500 Euro deposit bonus using the code “CRYPTOMANIAKS” + 5% bonus for new users on their first deposit.

Cons of Thunderpick

  • No reload bonuses. They say they will add this feature soon.

Sports Available

Baseball, Basketball, Martial Arts, Football, Ice Hockey, American Football, Tennis, Volleyball, CS:GO, Dota 2, League of Legends, and more coming up.

Restricted Countries

United States, United Kingdom, France, Netherlands, Poland, Sweden, Denmark, and a few more.

Bitcoin Sportsbook Rating: 8.2/10

 

Wanna bet on games such as CS:GO, DOTA 2, League of Legends, Overwatch, Starcraft 2, and more? Check out our list of the 5 best Bitcoin eSports betting sites.

 

Selecting Your BTC Sportsbook - 6 Factors To Consider
 

Your specific location, financial situation, and other reasons may mean that the best BTC betting site may not necessarily be the best for you specifically.

You might need specific conditions to make the bitcoin betting experience enjoyable or even possible where you live and in what financial situation you happen to be in.

If you want to bet crypto -- first think about the factors below. Determine what you are looking for, write down your answers, and consider each result in how it applies to you.

Which factor is more important to you, and why? 

Take time to plan and then register for your three best bitcoin betting websites. 

Experiment with them before settling on one or two -- that way you’ll be able to switch between the bitcoin betting sites that are the most enjoyable or profitable for you.

 

1. Restricted Countries

The most important factor when it comes to BTC betting is if you can even bet bitcoin on sports from where you’re located.

If you’re a US based customer, then you’ve seen why your best option is BetOnline, since that’s one of the few BTC betting sites that are from the US

Other betting sites that accept Bitcoin, like Stake, are better for residents of the UK or EU or other worldwide countries where Stake has legal rights to operate. 

So be sure to check that first, and then go have fun!

 

2. Reputation and Trust

After you’ve found the best bitcoin betting sites that are legal for you to play in your area, you should then look into the site's reputation.

Sportsbet and Stake, for example, are fully licensed under the laws and regulations of Curacao -- which is a country known for being gambling-friendly.

In fact, that’s the case for most crypto betting sites available for you to play online. 

Therefore, since they are all legally similar, it is very important to consider their reputation and customer care, since that’s where they may be different in ways that will affect your enjoyment and any profits you happen to win.

When looking into their reputation, ask yourself how they resolve public disputes. 

Also, consider how they communicate on public forums with their customers and what people say and write about them on and off these forums.

User review on one of the crypto sportsbooks
Source: Trustpilot

 

Of course, I already researched the reputation of each of these best crypto betting sites I listed -- so that you don’t have to do it yourself, but if you want to double-check, then please do!

You can also check if the crypto sportsbook you choose works with a 3rd party organization to control their behavior, such as an ADR (Alternative Dispute Resolution) service.

These types of services help the customer see that the site is focused on having a great reputation.

For example, Stake works with the crypto gambling foundation, a 3rd party regulator which ensures that players receive what they signed up for: fairness, responsible gaming, and privacy. 

crypto gambling foundation
Source: The Crypto Gambling Foundation

 

Lastly, take into account how long each crypto sportsbook has been operating. 

Best bitcoin betting sites that have been around for longer show that they have a good enough reputation to keep people coming back and that they care for their existing customers in a way that makes their existing customers also keep playing. 

BetOnline, for example, has been around since 2004. That’s two decades of reputation building.

The other BTC betting sites on my list have only been around since 2014 or later -- which gives BetOnline a whole decade of additional experience in customer care and reputation building.

Now, though these companies are younger, they make up for it with strong customer service and great promotions as they try to win customers and build their reputation.

 

3. Sports, Lines, and Odds Available

While most crypto sports betting sites offer similar sports, some of them offer exclusive sports to bet on. 

But, to be fair, it’s rare to find exclusive sports available for betting on any sportsbook these days, since Bitcoin sports gambling sites know which sports people want to bet crypto on. 

However, not all crypto sportsbooks offer the same depth of lines and odds competitiveness for each event.

Stake and Sportsbet both have a clear advantage compared to other sports betting bitcoin sites because they offer a depth of lines, competitive odds, and a great variety of sports. 

 

4. Anonymous Sports Betting With Bitcoin

Perhaps the best benefit to BTC sports betting sites is that they offer you the ability to play anonymously.

If you deposit and withdraw only in cryptocurrencies, then you’ll be able to remain anonymous to the best bitcoin sportsbooks and their reporting habits.

Remaining anonymous has the benefits of keeping you in control of your ID and identity, giving you more financial privacy, and keeping your BTC sports betting from anyone who might disapprove or prohibit you from playing. 

If these benefits sound good to you, then strongly consider 1xBit or Betcoin -- which are all great bitcoin sports betting websites that also offer anonymous options.

 

5. Payout and Withdraw Speeds & Terms

Once you’ve selected a platform you trust to bet with cryptocurrency, make sure it has the payout speeds and terms you need when cashing out your winnings. 

Stake and Sportsbet offer super quick withdrawals. This way, if you win big with a crypto bet, you can cash out your profits right then and there and transform them back into something stable like a stable coin or fiat. 

This helps if crypto is fluctuating, so you can cash out fiat or stable coins without risking losing value.

Keep in mind, though, that some bitcoin betting sites may put a cap on your maximum weekly withdrawal, monthly withdrawal, or daily too.

If that happens, and if the crypto sportsbook you chose is trustworthy, you can relax and withdraw the maximum amount allowed each week until all your winnings are withdrawn.

Do keep in mind that crypto values fluctuate often 

So if you win big and are restricted to one withdrawal a week, by the time you withdraw everything, crypto may have made it worth less (or more) than it was at the time of you winning big. 

 

6. VIP programs and Bonuses

If you’re the kind of person who enjoys a good time at a crypto betting site, then an important factor for you is to select one with a great VIP program and lots of entertaining promotions.

Stake’s VIP program is excellent. You can check for yourself how amazing their VIP program is.

Stake crypto sportsbook's VIP program

If you’re a newcomer to sports betting with bitcoin who just wants to test the waters, then 1xBit offers some of the best welcome bonuses.

Their “Welcome Package” goes as high as 7 BTC (when you register just use the promo code “1xb_13206”). They also offer cashback to their casino players. 

Also, if you prefer to use something besides BTC or ETH for crypto bets, they also accept 25 other cryptocurrencies, incl. BTC, ETH, LTC USDT, PAX, OMG, LINK, and many more.

 

How To Bet With Bitcoin

To start betting with Bitcoin, follow these 4 steps. 

  1. Find some trustworthy sports betting sites that accept Bitcoin bets.
  2. Find a reputable and gambling-friendly cryptocurrency exchange (list below). 
  3. Buy some Bitcoin and send it over to your best bitcoin sportsbook. 
  4. Enjoy, and bet with Bitcoin!

Note that some crypto betting sites offer to buy Bitcoin and other cryptocurrencies directly from their platforms. 

That’s the case of Stake, for instance. 

Stake's Buy Crypto option

If your favorite BTC betting site does not offer this option, here are the best options to buy Bitcoin today. The reason why we recommend these exchanges for crypto betting is because they have no policy against the use of their website for gambling purposes, as opposed to most crypto exchanges out there.

 

For more information about your options, visit this page.

Once you have Bitcoin, you need to become comfortable storing, sending, and receiving your Bitcoin. BTC gambling can be tricky.

That’s why we created some awesome resources to get started:

 

The Recent Growth of Bitcoin Sports Gambling

Bitcoin sports betting sites have flooded the market during the last 5 years, adding to the exponential growth of the industry as a whole.

Some staggering statistics were published, documenting some thought-provoking numbers across the Bitcoin sports gambling industry as a whole.

These statistics complement the underlying potential of the rapidly growing cryptocurrency sports betting platforms.

 

How Much Is Bitcoin Betting Expected to Grow?

Should one have to make a personal prediction, I’d comfortably believe to see some of these numbers multiplied by at least two-fold by the year 2021.

Bitcoin has already proven to be a chosen currency to be used with most platforms offering slot games and online table games as their primary income, and it seems that sports betting is following these trends closely.

 

Pros and Cons of Bitcoin Betting vs. Traditional Betting

We’re living in a digital age that’s taking betting to the digital world too. 

An online BTC sportsbook has much more to offer than a traditional online sportsbook. But there are a few drawbacks.

Let’s examine all of them.

 

Benefits of Bitcoin betting sites

The benefits of Bitcoin betting sites are all thanks to innovations in crypto: financial privacy, low fees, fast payouts, the option to be anonymous, and more.

Let’s take a look at these benefits.

 

Benefit #1: Financial privacy.

Some of the best Bitcoin betting sites like Stake and 1xBit offer partial to full privacy thanks to cryptocurrency payments -- privacy that can even be anonymous if you do it right. 

Some online crypto betting sites will offer privacy only if you deposit and withdraw Bitcoin and other cryptocurrencies. 

Such financial privacy keeps your activities hidden from your banks, credit rating agencies, and let’s be honest, your spouse/husband too, so you can bet bitcoin in peace. 

Financial privacy at a Bitcoin betting site = financial freedom. 

Freedom to do what you want with your hard-earned money -- since, after all, it is your money.

 

Benefit #2: Low fees

Traditional sportsbooks can burden you with heavy fees: credit card fees, deposit and withdrawal fees, etc.

Online betting sites accepting Bitcoin bets have a strong advantage here over traditional betting sites. 

Transferring Bitcoin and other cryptocurrencies saves a lot of money and time when compared to other options like SWIFT, ACH, and other methods. 

In fact, a recent study showed that transfer fees with Bitcoin and crypto could be as much as 90% less than traditional bank transfer fees. This is a big advantage of the bitcoin betting sites.

 

Benefit #3: Play from anywhere

The gambling industry is under strict regulations. 

Sportsbooks must obtain licenses for each country, pay fees, taxes and report suspicious activities to each of them, etc. 

If they accept players from a restricted country -- one for which they haven’t received an authorization to operate as a bookmaker -- then they might receive heavy sanctions (and go bankrupt or at the very least kick off those players).

Traditional betting sites will block you because of where your credit card or bank transfer is coming from in order to avoid these sanctions and avoid kicking you off later.

But crypto betting sites offer deposits and withdrawals in cryptocurrencies -- which can come from anywhere. 

This allows some of them, like 1xBit and Betcoin, to operate anonymously and accept players worldwide.

Just to be safe, you might need to use a VPN to access their site in order to bet bitcoin, depending on your location. 

Reminder: some online bookmakers will accept your deposits but withhold withdrawals once they notice you’re from a restricted country. Always read each sportsbook’s terms and conditions before making a bitcoin bet so you don’t make a deposit that you’ll never get back.

 

Benefit #4: Bigger, better bonuses

Best bitcoin betting websites generally offer better, bigger, and more frequent bonuses than traditional online betting sites. Why? 

Cryptocurrency helps them save money on deposit and payout fees, chargeback fees, and more.

Because of that, the best bitcoin betting sites pass on some of these savings to you in the form of frequent bonuses and promotions and other methods that help you in the end.

Good for everyone. Betting with cryptocurrency has never been this popular.

 

Drawbacks of Bitcoin betting sites

All new technologies have drawbacks.

There are risks involved when using an online crypto sports betting site. 

Read through them and decide if the risk is acceptable to you.

 

Drawback #1: Lack of regulation

The most popular online sportsbooks are fully licensed and stick to KYC/AML regulations.

This is because fiat currency circulates between parties. The funds go through banks, financial institutions, and governments. 

Running a fiat-based, unlicensed betting site is difficult for these reasons. Authorities will end up noticing.

Operating exclusively with cryptocurrencies, on the other hand, makes it easier for BTC sportsbooks to operate without a license -- for now (this may change in the future).

Unlicensed bookmakers do not report to any third party or government. 

Therefore, risks that they act unfairly or conduct an exit scam if a user made a bitcoin bet is also increased.

To sum it up: stick to one of the licensed betting sites accepting crypto from my list.

And if you play in an unlicensed bitcoin sportsbook -- which I don’t recommend unless you want to bet with bitcoin anonymously, double-check its reputation before you deposit funds and even then try not to deposit more than you’re able to lose.

 

Drawback 2: No chargebacks

Traditional sportsbooks can only operate by accepting deposits via credit card or other traditional fiat methods.

Therefore, they must also deal with chargebacks imposed upon them by financial third parties. It’s part of the system. 

If you feel you’ve been scammed, you can always request your credit card provider to perform a chargeback, allowing you to recoup your funds.

But when you place a bitcoin bet, you can’t request a chargeback since there is no financial intermediary or system in place to make that happen -- and there might never be.

One of the advantages of Bitcoin and cryptocurrencies is that all transactions are permanent, without any 3rd party involved. 

Source: SciShow YouTube Channel

 

But that means you need to be more responsible and careful when sending your crypto, because you cannot get it back.

This is why choosing a licensed BTC betting site becomes even more important.

 

Drawback 3: Crypto price volatility

Bitcoin has a reputation for being volatile. 

Source: coinmarketcap

If you bet $10,000 worth of BTC and win $2,000, it won’t feel like much of a win if the price of Bitcoin sinks so much that your withdrawal is only worth $5,000.

This is a risk that simply cannot be avoided at this time. 

The good news is that you may also be betting with 3x more than your initial deposit was worth.

Betting on sports with Bitcoin is like multiplied gambling, or hardcore gambling.

Perhaps in a decade, the price of Bitcoin will be more stable, but right now it isn’t.

Only bet bitcoin with an amount you’re okay with seeing go up, down, and sideways in terms of value. That way you’ll be more comfortable playing and have more fun too.

 

What’s Your Best Bitcoin Sportsbook?

That’s it! Those are my deeply researched and vetted bitcoin betting sites.

They should cover all the major countries you might be from, risk tolerances, options (such as anonymity), reputation, and other factors that will affect your safety and enjoyment of bitcoin betting. 

So which ones made the top of your list? Are there any from this list that you might have your eye on? It’s time to make your first bitcoin bet!

What do you think about my 7 best crypto betting sites? Have you tried one (or many) of them? 

Let me know in the comments what are your top bitcoin betting sites!

 

More Awesome Resources:

 

FAQ

Is it safe to place sports bets with crypto?

Yes. Placing bets with crypto is the same as placing bets with fiat funds. Most sports bet sites even convert the value of your crypto into fiat so that when you place bets you’re placing in the current fiat value. 

These sites will use crypto mainly for deposits and withdrawals. That’s where you need to be careful and always double-check the address you are sending and receiving from -- since crypto transactions cannot be reversed.

Is it legal to place sports bets with crypto?

Yes. Placing sports bets with crypto is no different from placing sports bets with fiat funds. If it’s legal for you to place sports bets with fiat in your country, then it will be legal to place sports bets with crypto too.

Cryptocurrencies are simply another funding source.

How to place bitcoin sports bets?

Easy: find a site where you can legally play. Deposit your funds while double-checking the address. Then, after you win, withdraw your funds to the crypto address of your choice -- again making sure to double-check the address so your funds aren’t lost.

How to choose the right crypto sportsbooks?

The right crypto sportsbook for you must allow you to play there legally. After that, it’s a matter of choosing one that meets your needs: do they allow deposits and withdrawals in the crypto you prefer? Do they have the bonuses and VIP levels to keep you playing? Are there withdrawal limits within your needs?

Why do gamblers love crypto sports betting?

Betting on sports with crypto allows punters to move their funds into the site and off the site with greater speed, lower costs, and often with more bonuses too. Just make sure to double-check the crypto address when you make a bitcoin bet so you don’t lose your funds to human error.

Posted by Michael R.

Michael is an entrepreneur who has been deeply involved in the cryptocurrency industry since early 2014. He joined Cryptomaniaks as a cryptoanalyst, helping to create accurate and digestible content.

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