Bitcoin betting sites have grown hugely in popularity and availability in recent years, meaning you can use cryptocurrency to bet on your favorite sports.
The benefits of crypto sports betting are plentiful: higher limits, greater anonymity, faster withdrawals, and more. This guide will review the best crypto betting sites for 2024, and help you understand how to get involved with Bitcoin sports betting.
Bitcoin Casinos with Instant Withdrawals
Take a look at the features at 10 of the best crypto casinos with instant withdrawals:
- Gamdom – Overall Best Bitcoin Sports Betting Site
- BC.Game – Claim Multiple Deposit Bonuses and Place Crypto Sports Bets 24/7
- Stake.com – Recently Added Crypto Sportsbook with Great Soccer Coverage for BTC Sports Betting
- Melbet – Crypto Betting Site with 200% Welcome Bonus
- 1XBit – Top Crypto Sportsbook Bonuses
- Bombastic – New Crypto Sportsbook with 35+ Markets and Esports Betting
- Cloudbet – Generous Welcome Bonus and 35+ Sports for Bitcoin Betting
- Weiss – Exciting Crypto Sports Betting Site with Exclusive Telegram Feature
- Velobet – Top Crypto Betting Site with no KYC and Instant Withdrawals
- FortuneJack – Lightning-Fast Bitcoin Sportsbook Offering 100% Bonus & 10% Weekly Cashback
How Does Crypto Sports Betting and Bitcoin Sports Betting Work?
Bitcoin sportsbooks enable you to wager Bitcoin, Ethereum, and other popular cryptocurrencies instead of US dollars.
This means that bettors who are bullish about cryptocurrencies can bet without cashing out their investments. You can deposit Bitcoin, bet with Bitcoin, and withdraw winnings in Bitcoin.
Other than the change in currency, sports betting with Bitcoin works the same way as online betting with fiat. Crypto bettors receive the same range of betting markets and the same odds as fiat bettors.
Crypto Betting Sites vs FIAT Betting Sites Comparison
Below we have outlined the major differences and similarities between crypto sports betting sites and traditional sportsbooks:
| Feature | Crypto Betting Site | Traditional Betting Site |
| Currency | Crypto – Bitcoin, Ethereum, etc | Fiat – USD, EUR, etc |
| Transaction Fees | None or lower | Usually charge for crypto |
| Transaction Speeds | Faster due to blockchain technology | Varies depending on chosen payment method |
| Bonuses & Promotions | Unique & generous using cryptocurrencies | More standard using fiat currencies |
| Betting Options | Wide range of crypto betting options available | Wide range of sports betting options available |
| Accessibility | Crypto wallet & crypto betting account | Widely accessible depending on regional laws |
| Regulation | Less regulated | Heavily regulated |
| Security | More secure due to blockchain technology & anonymity | Usually charge for crypto |
| Anonymit | Fully anonymous | Not anonymous; requires identity verification |
| Volatility | High, so value of your bet can fluctuate | Low, so value of your bet remains stable |
Pros and Cons of Crypto Betting Sites
Cryptocurrencies like Bitcoin have opened up many possibilities within online gambling, such as anonymity, fast registration process and instant withdrawals. In comparison, traditional online sportsbooks can often take up to 48 hours to approve a withdrawal.
Here is a summary of the pros and cons of betting with Bitcoin and crypto.
Pros:
- Players can keep their identity private at all times
- The registration process takes seconds rather than hours or days
- Instant withdrawals
- Substantial bonuses and promotions
- Fewer restrictions & global access
Cons:
- Cryptocurrency value can be highly volatile, affecting bettors’ funds if prices fluctuate drastically
- Requires having a crypto wallet
- Less industry oversight/regulation
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Recent Growth of Sports Betting with Cryptocurrency
The growing popularity of crypto sports betting is there for all to see in the form of a variety of eye-watering statistics, such as 6 billion separate crypto bets being made in 2022 alone.
Greater transparency, security, and efficiency are driving people away from established sportsbook titans to newer Bitcoin bookmakers. Around 30% year-on-year growth demonstrates the rise of the sports betting crypto scene, and that looks set to continue in the coming years.
Crypto gambling market statistics estimate the crypto gambling market size to be around $250 million. BTC accounts for around 73% of all crypto gambling transactions, which highlights the importance of finding the best Bitcoin betting website to suit your needs.
Best Crypto Betting Site for Sports Coverage
Most top Bitcoin sportsbooks should provide a wealth of betting opportunities – both in terms of separate sports and markets – but there are some that truly excel in this area. As a rule of thumb, you should be looking for at least 30 top sports from any crypto betting site worth its salt.
As the official partner of world-renowned Italian soccer club AC Milan, Gamdom certainly fits the bill in this regard. Live streaming, competitive odds and healthy betting lines make it the perfect home for crypto sports betting.
What is the Best Wallet for Crypto Betting Sites?
When it comes to engaging in crypto betting, having a secure and reliable wallet is crucial to ensure the safety of your funds and facilitate seamless transactions. Here are some factors to consider when choosing the best Bitcoin wallet for sports betting:
- Robust security measures, such as two-factor authentication
- Compatibility with the cryptocurrencies supported by your chosen betting site
- User-friendly interface
- Fast transaction speed
- Low fees to maximize your betting profits
Taking these factors into account, here are some of the best wallets for crypto and Bitcoin online sports betting:
- Ledger Nano S: Known for its top-notch security features and support for a wide range of cryptocurrencies.
- Trezor: Offers robust security measures, ample offline storage capability and a user-friendly interface.
- Coinbase Wallet: With its user-friendly interface and mobile compatibility, Coinbase Wallet is a convenient option for managing your crypto funds and engaging in crypto betting on the go.
Best Crypto Betting Site – Our Verdict
In summary, we have ranked and reviewed the very best Bitcoin sports betting sites with a core focus on sportsbook markets, odds, bonuses, and ongoing promotions.
Get started with the best site for sports betting with crypto – BC.Game – in just 30 seconds by providing the platform with an email address and a password.
After depositing $10 or more, BC.Game account users have access to dozens of sports and competitions, including the NBA, NFL, Premier League and even eSports, most of which come with hundreds of individual betting markets, both pre-game and in-play, and industry-leading odds.
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