The forward surge of cryptocurrency betting sites continues to push on, with more online bookmakers and casino sites making cryptocurrencies, like Bitcoin more available. With the use of currencies like Bitcoin and Ethereum becoming more of a trend, you are bound to see more betting platforms offering deposit and withdrawal services that accept these cryptocurrencies, but what’s to say they can be trusted?
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Well, fortunately, this is where our team comes in.
Countless hours of research and sifting through crypto betting sites has enabled us to come up with a collection of betting sites that offer the best platforms. However, deciding whether or not if a platform can be trusted is just one of the many factors we consider. In fact, we also take a look at the bonuses they offer, how user friendly they are, their country restrictions, deposit and withdrawal limits and much more.
What is Bitcoin?
Bitcoin is considered a cryptocurrency(a digital asset) that was invented in 2008. Although there is some confusion as to who actually put this invention into motion, Satoshi Nakamoto is a name that gets recognition. This digital currency was made with there being no need for any intermediaries, banks or administrators and instead is purely a peer-to-peer network. All transactions are verified by network nodes which record all payments of bitcoin in what’s called a blockchain.
Bitcoins can be exchanged for products, other currencies and services alike.
How to Use Bitcoin to Gamble Online
When the time comes to make a deposit or withdrawal with Bitcoin, there is no need to panic as it is a fairly straightforward process. More often than not, when you are wanting to use Bitcoin as your preferred payment option you will be using a cryptocurrency betting site. What this means is that cryptocurrencies like Bitcoin are the only accepted payment options. Below are
- Head to your desired bookmaker or online casino and log in.
- Following this, go to the deposit section which can usually be found on the Account tab and select deposit.
- Now, you will want to select Bitcoin as your chosen deposit method and choose how much you wish to deposit.
- Finally, you are ready to complete the transaction.
Top 3 Bitcoin Betting Sites
The whole reason you arrived on this page is to see what are currently the best Bitcoin betting sites available. Well, you can find out all you need to know below.
If you’re looking for a crypto sportsbook with plenty of sports betting markets, great customer support and an excellent reputation. Then SportsBet may be the one for you.
- Great sports coverage
- Accepts Bitcoin and many other cryptocurrencies
- Exciting promotions
Stake is a simple Bitcoin sportsbook that aims to give its customers everything they could ever need. So, if you want to take advantage of their simple registration process, diverse betting options and live betting features – head to their site today.
- Great VIP rewards
- Instant Bitcoin withdrawals
- Plenty of live betting options
888sport is one of the few mainstream traditional sportsbooks to currently accept Bitcoin as a deposit option. If you fancy placing a punt on one of the many covered sports by 888sport then register an account today!
- Accepts Bitcoin and many other payment types
- Great odd prices
- Rewarding Bitcoin promotion
The Advantages & Disadvantages of Bitcoin
When it comes to trying to decide which payment method is best for you, it is always a good idea to summarise the advantages and disadvantages that they have to offer. This way, you can see what is good and bad with a particular form of payment. Below we have highlighted all the pros and cons that Bitcoin has to offer.
- Speedy deposits and withdrawals
More often than not, using Bitcoin to place both deposits and withdrawals at crypto sports betting sites can be completed instantly. If they are not completed instantly, then you will only have to wait a couple of minutes for your crypto deposits to be completed.
- Safe and secure
By far one of the most potent advantages of using Bitcoin is the safety that comes with it. The reason behind the immense security of Bitcoin comes down to its multiple security features. What’s known as the Blockchain is where all transactions are kept recorded and stands strong against all types of security breaches.
- Extra fees
Unfortunately, extra fees are something you can not avoid when using Bitcoin cash or any other type of electronic cash. You will often find that you are being charged between 2% and 3% for each transaction.
The Alternatives to Bitcoin
For all the plusses that Bitcoin has to offer, there will still be many of you that will want to use an alternative payment option. One that offers a more traditional form of payment, or simply one that just suits your needs more. Below, you can find a selection of the best alternatives to using Bitcoin as your preferred payment option.
An e-wallet that seems to be following in the successful footsteps of PayPal, is the younger brother Neteller. Founded in 1999, Neteller arrived just one year later than PayPal and is owned by the world-renowned Paysafe Group. Neteller is widely accepted across various UK sports bookmakers and hit the limelight when it recorded processing over 80% of online gambling payments. Like PayPal, Neteller is not accepted as a valid deposit method when claiming certain promotions and offers. But, customers can use it to make standard deposits and withdrawals.
- An extra layer of protection with no need to show bank details to bookies
- Small or zero transaction fees
- Synonymous with the online gambling industry
- Deposits are not eligible for various promotional offers
Boku is probably the most preferred payment method available when it comes to pay-by-phone methods. Founded in 2009, Boku has been providing punters with a convenient and safe payment method of transaction. Boku can only be used to make deposits and there is a maximum deposit amount set at £30. Customers pay for these deposits by either loading funds on to their pay as you go tariff or via their phone contract. The verification of payments is achieved by a one of code being sent to the mobile phone.
- No extra fees
- An extra layer of security
- Can be linked with Neteller accounts
- No need to enter bank details
- Low maximum deposit limit
- Does not accept withdrawals
- Can not be used at all betting sites
One of the newest additions you can find available at most online betting platforms these days is the Apple Pay option. Launched in 2014 by Apple, Apple Pay is a digital wallet/online wallet that is available to all Apple iPhone, iPad and Apple Watch users. Apple Pay is an incredibly convenient form of payment as deposits can be made instantly, while transactions are verified by a fingerprint or a personal code.
- Instant deposits
- Very convenient
- Bank details remain anonymous
- Not a valid withdrawal method
Mobile Bitcoin Gambling
Bitcoin itself is just an example of how advanced technology has become, so it makes sense that the majority of Bitcoin gambling is done via mobile devices. The time of having to access your favourite online bookmaker or online casino via your desktop is far behind us, as now the majority of sites either offer a mobile app or a fully optimised mobile site. Whether you choose to use a mobile app or an optimised mobile site, you will not have to download any extra files or register extra accounts.
Many bettors worry that they will be missing out on key features and/or betting options when using a mobile app but this is far from the case. As in fact, many Bitcoin betting sites offer customers exclusive mobile device features. For example, Intertops offers customers exclusive mobile bonuses that can not be claimed via the desktop.
Bitcoin is a convenient way of adding funds into your betting account and this is only emphasised when you combine this with a mobile wallet, which makes adding funds into your accounts far quicker and easier. Any of the sites you find recommended on our site, are mobile and tablet device accessible.
Bitcoin Bonuses & Offers
Bitcoin betting sites continue to grow in popularity in the sports betting industry and it is no surprise with the advantages that they offer. Due to the increase in popularity within Crypto sports betting, more and more Crypto betting sites are offering exclusive bonuses for customers using Crypto Currencies like Bitcoin. The great thing is, with the Bitcoin sports betting industry becoming more competitive, online betting sites will have to continue to add exclusive promotions to ensure they remain a viable choice.
Like when claiming traditional promotions, Crypto bonuses will have their very own terms and conditions which we heavily advise reading. You will find important information on how to claim your desired promotion, such as; minimum qualifying deposit, withdrawal fees, maximum deposit bonus, minimum odds, traditional deposit method restrictions and much more.
Just like online sportsbooks, there is a huge range of online casinos that accept deposits and withdrawals made with Cryptocurrencies. Another similarity that is shared with Bitcoin sportsbooks and Bitcoin casinos is the rapid growth. More and more online casinos are accepting Cryptocurrency deposits and withdrawals which is great news for Cryptocurrency users as there is plenty of benefits. Bitcoin casinos like any other casino offer a wide range of casino games, that include; video slots, progressive jackpots, traditional table games, instant wins and scratch cards.
Bitcoin casinos are also able to offer their customers promotions that contain larger amounts of bonus funds than that found at traditional casinos.
Comparing Bitcoin Cash With Fiat Money
Before we get started, for those of you unaware fiat money or fiat currency is what we all use on a daily basis, paper cash what we consider the traditional currency.
To start off this comparison, we begin with the security that using our regular currency betting sites offers. Online betting sites that accept our normal currency are typically much more regulated than that of Crypto betting sites. One of the reasons for this is because digital currencies are still up and coming, while all the major online sports betting platforms already accept fiat money. These traditional betting sites are properly licensed and stick to the regulations set by the KYC/AML, while online bitcoin betting platforms can get by without being properly licensed.
One area in which betting sites accepting Bitcoin cash can trump traditional platforms is when we take a look at bonuses and offers. Online Bitcoin sportsbooks usually offer bigger and better Crypto bonuses simply because using Crypto Currencies saves them money. Due to the way the Cryptosystem works, Crypto sportsbooks do not have to worry about chargeback fees or large payout fees.
Another positive aspect of using sportsbook providers that accept Bitcoin cash comes down to the superior accessibility they offer. Since gambling is a highly controversial activity, there are countless countries that do not allow any sort of gambling and one way in which they base customers locations from, is via their bank account details. Bank account details are required when setting up accounts with the majority of sportsbook providers and they can determine your location with this information. Whereas, with Bitcoin sites, deposits and withdrawals made with cryptocurrencies can come from anywhere allowing customers to use sites from within restricted areas.
Bitcoin Betting FAQ’s
Is sports gambling safe to do with Crypto Currencies?
Yes, sports gambling is safe to do with crypto currencies. However, that is not to say that it does not come with a variety of risks, just like when using fiat money. No matter the gambling site you use – Traditional or Bitcoin – you have to make sure it’s one you can trust. Look for certified licenses, partnerships with the likes of Gamstop & ECOGRA.
Are Crypto Gambling Sites legal?
Yes, betting with digital currencies like Bitcoin is completely legal just like using normal money.
How to choose the Best Crypto Gambling Sites?
First of all, you need to make sure that you choose a site that is properly licensed and regulated to ensure your personal details and money is safe. After this, it purely comes down to what you want from your gambling operator. Consider aspects, such as; promotions, sports markets, betting odds, payment options and features.