Reviewing the Best Bitcoin Betting Sites
The top-rated Bitcoin betting platforms vary widely in their features and offerings. When this cryptocurrency is your preferred payment method, it’s crucial to find the optimal platform for your needs. To save you the trouble of examining each site, the below list is the ideal shortcut. Here are the best bookmakers that incorporate Bitcoin:
Stake.com – Leading Crypto Bookmaker with Generous Limits
- No Maximum Deposit
- Low BTC Deposit
- Competitive BTC Rates
- Bitcoin Withdrawal Fee
- Can’t Buy Bitcoin On Stake.com
Stake.com is known for being one of the main supporters of Bitcoin, ensuring players can enjoy the flexibility and convenience of using this currency type. Of course, as one of the best Bitcoin betting sites around, it offers more than attractive BTC rates.
Here, you can make deposits from as little as 0.0001198BTC, which is around $5, making it ideal for the most casual bettors. The good news for bigger players is that there is no maximum deposit, allowing you to add as much as you like to your Stake.com wallet.
As for withdrawals, you can make withdrawals starting from 0.00005981BTC (around $2.50). However, with a fee of 0.00009583BTC (approximately $4), you’ll be better off waiting to have slightly more winnings. Fortunately, this fee is great as it applies to much larger ones too.
At Stake.com, you can count on getting full use of your BTC, as the site gives you access to several social features, VIP promotions, and betting types. You should note however that you will have to have a Bitcoin stash ready for use, as you can’t buy the currency at their site.
BC.GAME – Crypto-Based Welcome Offers
- Buy Bitcoin On-Site
- Bonuses Available for BTC Deposits
- No Maximum Bitcoin Withdrawal
- High 0.002BTC Minimum Withdrawal Requirement
- Smaller Sportsbook for BTC Betting
BC.GAME has built its name as being one of the top betting destinations for those using cryptocurrencies. Not only does it offer many of the top features for sports bettors and casino players, it has no minimum deposit requirement, meaning you can input as little or as much crypto coins as you want to play at any given time. There is, however, a withdrawal minimum requirement (again, no maximum), meaning you’ll need at least 0.002BTC in your account before you can make a withdrawal. That is a lot steeper compared to that of Stake.com.
The biggest draw for Bitcoin fans is BC.Game’s generous welcome offer, which increases depending on how much you deposit. With your first deposit, for example, you can claim a 180% matched deposit bonus. There are then deposit bonuses for big deposits, and a loyalty program that allows you to bet and withdraw in BTC. Thus, you can count on extending the value of your initial funds to the max at BC.Game.
Of course, BC.Game can be limited in terms of its sports teams coverage, so if you’re looking for the widest range of sports betting options where you can bet with Bitcoin, head over to 22Bet.
22Bet – Use Crypto with Ample Sports Betting Options
- Low Minimum Bitcoin Deposit
- Instant Bitcoin Deposits
- Less Than 24hr Withdrawals
- Must Match Deposit to Withdraw Bitcoin
- Cannot Accept Bonus with Bitcoin
22Bet is recognised as one of the best betting sites online for its large sports coverage, wide number of markets supported, as well as its sheer choice in payment options – with Bitcoin being one of them. It’s a suitable option for those who don’t want to sacrifice betting variety due to their payment preferences.
It is important to keep in mind that you cannot accept the welcome bonus with a BTC deposit here though, so you’ll need to make an initial deposit with another method and wait for your next deposit to use your Bitcoin funds.
As for the minimum deposit, you’ll need to put in at least the equivalent of €1, and to withdraw you must at least match your initial deposit. There are no maximum withdrawal limits or deposits for cryptocurrency, which will be key for larger winnings. Crypto transactions with 22Bet can take up to 24 hours; that’s not instant, but it’s certainly not a slow method compared to other traditional methods.
How Does Bitcoin Betting Work?
You have become acquainted with the best Bitcoin betting sites. However, before you start using cryptocurrency for your sports bets, it’s essential you understand how Bitcoin betting sites work in full. As you’d expect with Bitcoin, a little more work is involved compared to using a debit card or bank transfer. Here’s a breakdown of the process:
1. Set up a Bitcoin Wallet
The first step is to set up a digital wallet that will store your Bitcoin, called a Bitcoin wallet. This is an essential process, since it’s this wallet that will let you buy Bitcoin, save it up, spend it, or convert it back into fiat currency.
Bitcoin is the cryptocurrency, and a Bitcoin wallet is similar to a bank account or eWallet that lets you make transactions. The wallet is where you’ll store your private keys (passwords which prove you own the Bitcoin that you do). Technically this wallet doesn’t store the Bitcoins themselves, but rather the authorization keys that then access your Bitcoin currency through the blockchain technology.
What Types of Bitcoin Wallets Are There?
There are three types of wallets:
- Hardware Wallets: These are secure devices that store your authorization keys offline, like Ledger or Trezor.
- Software Wallets: These are computer programs that you install on your laptop, phone, or other device. They give you convenient access to your Bitcoins.
- Web Wallets: Similar to software wallets, you once again can access your Bitcoin accounts, only this time via a web-based browser.
What are the Most Popular Bitcoin Wallets?
Picking the right Bitcoin wallet for you will boil down to preference. You will also want to investigate considerations like security, ease of use, and the actions you can take with the wallet. Popularity is also a factor, since popular bitcoin wallets are more likely to be accepted as a payment option at betting companies. With betting in mind, for example, these are going to be the most popular Bitcoin wallets for you:
- Coinbase Wallet
- Bitcoin Core
- Electrum
- Mycelium
- Samourai Wallet
Keep in mind that there are some multi-use wallets that also allow you to manage your Bitcoin and other cryptocurrencies, like Skrill. The best betting sites with Skrill support are, therefore, also going to allow you to pay with Bitcoin, although you may need to convert the money through the app first.
2. Select a Bitcoin-friendly Bookmaker
Choose a bookmaker that has Bitcoin as an eligible payment option. You can select one of the Bitcoin betting sites listed above, if you don’t know where to start.
3. Deposit Bitcoin into your Betting Account
Visit your chosen bookmaker’s deposit page and select Bitcoin as the payment method. You’ll be provided with an address to transfer Bitcoin from your wallet to your bookmaker account. The deposited amount will either stay as Bitcoin or be converted into a fiat currency.
4. Withdraw Your Winnings in Bitcoin
In the bookmaker’s withdrawal section, enter the amount to withdraw and the address of your Bitcoin wallet. Confirm the withdrawal. Transaction times can vary, but they are usually faster than traditional methods like bank transfers.
Keep in mind, betting with Bitcoin requires an understanding not just of sports markets, but also cryptocurrency transactions. The Bitcoin market is a volatile one, and the value of your betting balance can fluctuate significantly as a result.
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The Reasons to Use Bitcoin Bookmakers
Bitcoin is regarded as one of the best payment methods for online betting. Why is this the case? Well, here are five reasons behind the rise in Bitcoin betting sites:
When matched against traditional payment methods, Bitcoin transactions offer a higher degree of anonymity. If you wish to keep your betting activities private, cryptocurrency is the way to go.
Generally, Bitcoin transactions benefit from lower fees than traditional banking methods. This is particularly the case for international transactions. The result: it can be more cost-effective for long-term bettors.
Bitcoin transactions are often processed with notable speed. This means quicker deposits and withdrawals. If you want to bet on a certain shift in odds with in-play betting, a rapid deposit through Bitcoin could do the job.
The blockchain technology behind Bitcoin is known for its high security. This lowers the risk of fraud and unauthorised transactions, delivering a secure way to both deposit and withdraw funds.
Bitcoin is a global currency. It’s not tied to any specific country or banking system. This makes it ideal for international bettors who may face restrictions or lack of options with traditional currencies.
Track the Latest Bitcoin Prices to Aid Your Betting
Knowing the latest Bitcoin prices isn’t essential to the mechanics of using Bitcoin betting sites but the overall value of the cryptocurrency you’re using definitely plays a bit role. With the variance in the value and fluctuations, it’s possible that your bankroll can grow or reduce before you’ve even placed a wager. With that in mind, here’s how the latest BTC prices are shaping up.
Betting with Bitcoin vs PayPal vs Debit Card: A Comparison
You have a feel for the positives of using Bitcoin, but how does it stack up against other payment options? Although there isn’t a table big enough to cover all alternatives, we have settled on two to compare it against: PayPal and debit card. PayPal betting sites are among the most popular for digital wallets, while traditional debit cards are an everlasting feature across bookies.
| Bitcoin | PayPal | Debit card | Skrill | |
|---|---|---|---|---|
| Deposit Fees | Usually between 0 to 2% | Free | Usually free. Small fee for international payments | Free |
| Deposit Minimum | Equivalent of $5 to $20 depending on site. | $5 to $10 minimum | $5 to 10 minimum | $5 to 10 minimum |
| Deposit Maximum | No limit | $5000 or equivalent per day maximum | Varies, usually $2000 to $7000 per day. | Varies, Skrill limit is 5000 USD/EUR/GBP per day |
| Withdrawal Fees | Free | Free | 0 to 2% processing fee | 0 to 5% processing fee |
| Withdrawal Minimum | Usually the equivalent of $10, but varies | £10 minimum | $5 to 10 minimum | $10 minimum |
| Withdrawal Maximum | No limit | $5000 or equivalent per day maximum. Limits change based on account type. | Varies. Ex: Bet365’s limit is £20,000 | $5000 or equivalent per day can be processed by Skrill for |
| Deposit Transaction Speeds | Few Minutes Max | Instant | Domestic: Instant International: 1 to 3 Business Days | Instant |
| Withdrawal Transaction Speeds | Usually between 30 mins to 2 hours | Instant | 1 to 5 Business Days | Instant to 3 days |
| Security | High. Blockchain technology supplies strong security and reduces fraud risk. | High. Features fraud protection and encrypted transactions. | High. Typically incorporates bank-level security measures and fraud protection. | High. SSL technology, 128-bit encryption, VeriSign certified. |
| Bonus eligibility | Often eligible for bonuses and promotions. | Certain bookmakers may exclude PayPal users from some bonuses. | Typically eligible for all bonuses and promotions. | Typically eligible for all bonuses. May need to verify to apply. Exclusions apply. |
No payment method is perfect, but one of the greatest perks of using Bitcoin is the freedom you often get with maximum deposit and withdrawal limits, as well as the fact that you won’t be missing out on any major bonuses.
Getting Started with Bitcoin Betting
Are you convinced that Bitcoin is the right path to take with your betting journey? While cryptocurrencies don’t have the same mainstream coverage as, say, debit cards, there are still numerous Bitcoin betting sites available – and the number continues to steadily grow.
This guide has provided you with a list of the top Bitcoin betting sites. Now, it’s all about comparing the pros and cons of each, testing out each platform, and deciding which best matches your tastes and requirements. Either way, select one of the Bitcoin bookies highlighted on this page, and you’re already in a strong position.
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Bitcoin Betting Sites FAQ
₿ Why isn’t Bitcoin more prevalent across major bookmakers?
Although a fair number of Bitcoin betting sites exist, a lot of major bookmakers don’t yet offer it as a payment option. One of the reasons for this is the slower adoption of cryptocurrencies in mainstream finance. Another is the general volatility experienced by Bitcoin.
🚨 Is it illegal to gamble with Bitcoin?
Gambling with Bitcoin is legal. At least, that’s the case when betting in jurisdictions where online gambling and cryptocurrencies are both allowed. Be sure to consult local laws if you’re unsure about the rules in your area
🔒 Is it safe to use cryptocurrency when betting?
As long as you are using reputable and secure platforms, yes, cryptocurrency is safe to use. In fact, Bitcoin in particular is known for its high security standards through blockchain technology. Although to answer it in a different way, remember that cryptocurrencies are volatile, which means their value can drop – and that’s something to keep in mind.
👛 What Bitcoin wallet is the best to use?
The “best” Bitcoin wallet is dependent on your specific needs and preferences. Mobile wallets like Mycelium provide added accessibility, for instance, while hardware wallets such as Ledger Nano X/S deliver robust security.
📰 Why is Bitcoin the most popular cryptocurrency for bookmakers?
The popularity of Bitcoin is primarily down to its widespread recognition and adoption. Its established reputation makes it trustworthy with punters. Additionally, Bitcoin’s global accessibility and low transaction fees make it an attractive option for all parties.
