Crypto Betting

Cryptocurrencies sneaked into our lives and went mainstream without notice. Today, they have disrupted many industries, and the trend is not abating. The technology behind them, blockchain, continues to grow and facilitate innovations day and night. Crypto betting is one of the products of blockchain technology. Online sportsbooks started testing crypto betting as early as 2013, only three years after Satoshi Nakamoto invented Bitcoin. Over time, blockchain betting has showcased numerous benefits that have made it attractive to almost all industries. dappGambl brings you this informative piece on crypto betting with an inclination toward crypto sports betting.

crypto betting
crypto betting

Best Cryptocurrency Betting Sites Right Now

dappGambl’s experts assessed numerous crypto sports betting sites and picked the best ones for you. So stick with our recommendations if you’re confused about finding the best Bitcoin Gambling sites today.

  1. Recommended by our Experts
    BC.Game Casino BC.Game Casino Review
    4.9/5
    • Personalised bonus offer
    • Provably Fair Games
    • Low House Edge
    Summary

    With a wheel of fortune offering up to 1 BTC each day, this is a site that will instantly grab your attention. A massive crypto selection along with provably fair games makes this a premium selection.

    Accepted Currencies
    bch-icon bitcoin-icon dogecoin-icon eos-icon ethereum-icon litecoin-icon tether-icon tron-icon usdc-icon xrp-icon ada-icon dot-icon bnb-icon
    Main Features
    • Personalised bonus offer
    • Provably Fair Games
    • Low House Edge
    Blockchain tron logo
    Customer Support
    Email Live chat
    Licences
    Curaçao (CGCB)
  2. Sportsbet.io
    4.1/5
    • 24/7 Support
    • 24/7 Live Chat
    Summary

    When it comes to online gambling services, Sportsbet.io is widely regarded as one of the finest thanks to its lightning-fast service. It also offers boundless entertainment options and an honest wagering environment. There are hundreds of games for casino players to take advantage of. The sportsbook on Sportsbet.io is so extensive that it takes several minutes to go through most of them.

    Accepted Currencies
    Bitcoin-icon ethereum-icon tether-icon tron-icon litecoin-icon xrp-icon ada-icon dogecoin-icon bnb-icon dash-icon
    Main Features
    • 24/7 Support
    • 24/7 Live Chat
    Blockchain tron logo
    Customer Support
  3. Wagmi Casino Wagmi Casino Review
    3.8/5
    • Crypto Casino
    • NFT Casino
    • Outstanding VIP Program
    Summary

    Gambling has become even more fascinating with the entrance of the WAGMI casino. The operator, designed by crypto enthusiasts for crypto lovers, supports a vast selection of popular digital coins and grants customers a layer of anonymity. Through offering frictionless gameplay, incentives, a loyalty program, and its own NFT collection, the 2022 launched operator shines over its rivals. Continue reading to discover all that WAGMI Casino has in store for you.

    Accepted Currencies
    BTC-icon ETH-icon DOGE-icon XRP-icon ADA-icon
    Main Features
    • Crypto Casino
    • NFT Casino
    • Outstanding VIP Program
    Blockchain tron logo
    Customer Support
    Email
    Licences
    Antillephone Licence Validation Curacao
  4. Metaspins Casino Metaspins Casino Review
    4.3/5
    • Live Casino
    • Top Bonus
    • Crypto Casino
    • wagerfree bonus
    Summary

    Metaspins Casino is a very newly-established site in the crypto casino market. It allows players to use pure cryptocurrency to play games, yet they could also use fiat currency to purchase crypto through the site. It’s owned and operated by Metaspins N.V and has a license from the Government of Curacao. This brand-new site is looking to provide a different approach to the world of crypto gaming.

    Accepted Currencies
    BTC-icon BCH-icon ETH-icon DOG-icon USDC-icon
    Main Features
    • Live Casino
    • Top Bonus
    • Crypto Casino
    • wagerfree bonus
    Blockchain tron logo
    Customer Support
    Email Live chat
    Licences
    Curaçao (CGCB)
  5. Playfina Casino Playfina Casino Review
    4.5/5
    • Many cryptos available
    • VIP
    • Generous welcome bonus
    • Fast Withdrawals
    Summary

    Playfina hasn’t been on the market for long, so it doesn’t have a huge name attached to it. It’s owned and operated by Dama N.V, which means that despite it not having a big reputation, the company behind it is very well known. The license for Playfina is provided by the Government of Curacao, which is a solid license. Carry on reading to see everything that Playfina offers for crypto players.

    Accepted Currencies
    USD-icon Bitcoin-icon Ethereum-icon Litecoin-icon BCH-icon Tron-icon XRP-icon Cardano-icon BNB-icon Tether-icon
    Main Features
    • Many cryptos available
    • VIP
    • Generous welcome bonus
    • Fast Withdrawals
    Blockchain tron logo
    Customer Support
    Email Live chat
    Licences
    Antillephone Licence Validation Curacao
  6. CloudBet Casino CloudBet Casino Review
    4.9/5
    • Popular casino
    • Sportsbook with eSports
    • Some of the best odds
    Summary

    CloudBet Started out as just a Bitcoin casino and since then has expanded to include a range of cryptocurrencies. A huge welcome bonus and fantastic casino games makes CloudBet a top name in crypto gaming.

    Accepted Currencies
    bitcoin-icon bch-icon ethereum-icon tether-icon usdc-icon dogecoin-icon litecoin-icon pax-icon dai-icon link-icon ada-icon bnb-icon dash-icon shib-icon dot-icon zcash-icon xrp-icon tron-icon
    Main Features
    • Popular casino
    • Sportsbook with eSports
    • Some of the best odds
    Blockchain tron logo
    Customer Support
    Licences
    Curaçao (CGCB)
  7. Thunderpick Casino Thunderpick Casino Review
    4.1/5
    • Esports
    • Sportsbook
    • Up to $500 welcome offer
    Summary

    There’s never a dull day at Thunderpick casino. Over 3000 games are available to play, paired with great rewards and bonuses for players using Bitcoin and other cryptocurrencies. Here is everything you need to know about the operator.

    Accepted Currencies
    Bitcoin-icon Ethereum-icon DogeCoin-icon Litecoin-icon Tron-icon Tether-icon XRP-icon BNB-icon
    Main Features
    • Esports
    • Sportsbook
    • Up to $500 welcome offer
    Blockchain tron logo
    Customer Support
    Email
    Licences
    Antillephone Licence Validation Curacao
  8. Bets.io Casino Bets.io Casino Review
    4.5/5
    • Daily Cashback
    • 89 live casino titles
    • crypto rewards
    Summary

    An award winning Bitcoin casino gives players one of the best selections there is. More than 3,000 games are combined with top class bonuses to give crypto players an amazing experience.

    Accepted Currencies
    bitcoin-icon bch-icon ethereum-icon xrp-icon litecoin-icon dogecoin-icon tether-icon ada-icon tron-icon bnb-icon usdc-icon
    Main Features
    • Daily Cashback
    • 89 live casino titles
    • crypto rewards
    Blockchain tron logo
    Customer Support
    Live chat
    Licences
    Curaçao (CGCB)
  9. Fortune Jack Casino Fortune Jack Casino Review
    4.9/5
    • Generous welcome bonus
    • Popular games
    • Easy site navigation
    Summary

    With almost a decade of experience, Fortune Jack is a casino that’s well regarded on the market. Excellent crypto payment options are combined with elite casino games to make this a wonderful casino choice.

    Accepted Currencies
    bitcoin-icon litecoin-icon dogecoin-icon ethereum-icon zcash-icon tron-icon tether-icon usdc-icon dash-icon
    Main Features
    • Generous welcome bonus
    • Popular games
    • Easy site navigation
    Blockchain tron logo
    Customer Support
    Email Live chat
    Licences
    Curaçao (CGCB)
  10. Bitsler Casino Bitsler Casino Review
    4.1/5
    • Many cryptos available
    • Quality Casino Games
    • Esports
    • sports betting
    Summary

    Bitsler is a crypto casino owned and operated by Oyine N.V. This is a Curacao-based company with an Antillephone Curacao license and players have a lot to enjoy with some of the best game selections available on the market. We’ve taken a deep dive into what’s offered by Bitsler Casino.

    Accepted Currencies
    BTC-icon ETH-icon XRP-icon DOGE-icon BNB-icon ADA-icon ETC-icon BCH-icon EOS-icon XLM-icon DASH-icon -icon
    Main Features
    • Many cryptos available
    • Quality Casino Games
    • Esports
    • sports betting
    Blockchain tron logo
    Customer Support
    Email
    Licences
    Antillephone Licence Validation Curacao
crypto-betting

What Is Crypto Sports Betting?

Crypto sports betting is essentially exactly what it suggests. It’s betting on sporting events using cryptocurrency. Lots of crypto players have made the moves into betting on sports, such as soccer, NFL, NBA, MLB, and pretty much every other sport that’s out there on the market.

It works basically the same as standard sports betting. Players choose the stake that they want to wager, choose their bet and then place it. The only real difference at first glance is that instead of using fiat currency, they use cryptocurrency. There are a few things that people should know when playing with crypto though:

  • There are thousands of different cryptocurrencies, but most sites only accept the most well known
  • Most digital currencies are highly volatile. This can have an impact on profit and loss
  • If you make a mistake when transferring your crypto you will lose it forever, so you have to be very wary when entering information

How To Find The Best Crypto Betting Site?

Finding the best crypto betting site can be a difficult task. There are some important factors that you have to think about. Fortunately, we’re here to make it a slightly easier task. The main factors that you need to look into are as follows:

Does the Crypto Betting Site support your country?

If you want to play at a crypto betting site, it’s vital that it is covered in your country. If it’s not, then it is a risk to play there. While there are some ways around the geolock issues, it does leave you open to having funds confiscated if you’re found out. So, it is vital to play only within accepted jurisdictions in order to protect yourself as much as possible.

Trustworthiness

If a site isn’t trustworthy, then you wouldn’t want to play there. It’s quite a simple concept really. If a crypto betting site has a bad reputation or a record of treating players unfairly, then you should definitely avoid it.

Payments

Knowing which payment methods are accepted is vital. Will you be able to play using your chosen crypto or will you have to convert it to a different coin? How fast are payments processed, are there fees included? These are all important questions that you need to ask before you sign up to play.

Is the Crypto Betting Site end-to-end Crypto?

This might be confusing if you’re not well versed in the world of crypto. It basically means that the site allows players to directly play using their crypto. There is no need to use exchanges and the funds aren’t converted into fiat in order to play the different games.

Selection of bonuses

The bonuses and promotions that are available at different sportsbooks is hugely important. If you want to boost your bankroll then you will want the best bonus possible. What’s also excellent about crypto sportsbooks is that some might offer faucets, which are essentially free bets on a regular basis. Checking the terms and conditions is also important to make sure you know what you are claiming.

Sports offering

This is perhaps the most vital one. If you want to bet on golf and it’s not offered, then what’s the point in signing up? Make sure that your chosen sport is available before you sign up to play.

Support team

Customer support is an important part of modern service. This doesn’t just apply to crypto sportsbooks, it applies to everything that you use. Make sure that the support team is a good one, that way if you have any issues you can easily get them resolved and get back to enjoying your experience.

How Do We Select BTC Sportsbooks - Factors To Consider

With all the different factors that need to be looked at when choosing a crypto sportsbook, it can be difficult to keep track. That’s why there are a few different areas that we look at closely to make sure that you get the best sportsbook experience possible. We cover these areas in our reviews to make it easy for you to learn which site is best for you.

Restricted Countries

There are lots of sites out there that restrict which customers can use their services. A lot of this is to do with the different laws that are enacted across different countries. So, to make sure that it stays within the confines expected of its regulatory license it means some players will be unable to access the site. We make sure to cover this aspect of the site and provide the information needed to allow you to know whether you can play at a site or not.

Reputation and Trust

A good reputation is important to us. If we recommend a site that doesn’t behave in a fair way to players, it means that our reputation will take a hit. We don’t want that, so we take a lot of notice when it comes to the reputations of the sites that we review. If they have a bad reputation with players then we make sure that we cover it. That way when you use our site you know that you can trust what you read.

Sports, Lines, and Odds Available

When you’re betting on sports you need to have certain things available to you. The first is the different sports that are offered. If the sports you want to bet on aren’t available then the site isn’t for you. But, it’s not just about the sports. If the right markets are also unavailable then it means you can’t place the bets that you want either. On top of that, if the odds offered are of poor value, then it also means the site isn’t worth playing at. We cover all of these aspects so that you’re fully aware of what you’re signing up for.

Anonymous Sports Betting

Some players want to be able to bet anonymously. Not all sites offer this service, so it’s important to check whether it is available or not. We make sure to be clear if a site offers anonymous play or whether it has KYC rules in place.

Payout and Withdrawal Speeds & Terms

When you make a withdrawal, you want to get fast access to your money. If you don’t, then it can make it an annoying process. Especially if you need the money for something. As well as that, if there are fees placed on deposits and withdrawals, then it can eat into your potential profits. We cover all payment terms to make sure that you know what you are signing up for.

VIP programs and Bonuses

Everyone loves a bonus. That’s why we go over the different bonuses, promotions and VIP programs that are available. Not only do we cover the specifics of what the bonuses offer, but we also go over the different terms. This makes sure that you are aware of what you have to do in order to get the most from your bonuses, and whether the bonus is a fair one.

How to Bet on Sports with Cryptocurrencies?

Betting on sports using cryptocurrency is actually quite a simple process. As long as you know the basics of using crypto then you should be able to sign up and start playing within minutes. The simple steps to start playing are as follows:

Step 1: Download a Crypto Wallet

Step 2: Buy Crypto

Step 3: Sign Up for BC Game

Step 4: Deposit Crypto

Step 5: Place a Bet

How To Bet With Bitcoin?

Betting with Bitcoin is essentially very easy for players to get started with. Apart from the deposit and withdrawal process it is the same as betting with fiat. All you need to do is make your deposit to your favored betting site account, then you can start betting just like you would with a fiat betting site.

Should You Use Bitcoin on Betting Sites?

There is absolutely nothing wrong with using Bitcoin at a crypto betting site. The only thing you need to be aware of is the current price of Bitcoin. This will allow you to understand exactly what your stake is worth and can then set your budget accordingly. You should also use the amount of Bitcoin you have available to set your budget in conjunction with the BTC price.

What’s your favorite Bitcoin Sportsbook or Bookmaker?

There are a lot of fantastic Bitcoin sportsbooks on the market. However, the one site that really stands out to us is Stake. As a complete package this is the site we feel offers the best overall service. Despite our belief, you should still use our sportsbooks and betting site reviews to find the best site for your needs.

Pros of using Bitcoin on Betting Sites

  • Fast withdrawal speeds
  • Easier division of stake size
  • Lower transaction fees
  • Higher levels of security
  • Potential for price volatility to increase profits

Cons of Wagering with Bitcoin

  • Potential for price volatility to decrease profits

Popular Cryptocurrency for Betting

Bitcoin dappGambl Bitcoin Sports Betting

Bitcoin was the first crypto to be used in sports betting. It’s the largest crypto by market cap and has grown in popularity so much that many people think cryptocurrency only refers to Bitcoin. Stake.com, Cloudbet, and Sportsbet are some providers offering Bitcoin sports betting.

Ethereum v dappGambl Ethereum Sports Betting

Ethereum is the second-largest digital currency by market cap. It has also penetrated online casinos already. Since the Ethereum network supports dApps and smart contracts, Ethereum sports betting ranges from simple online sports betting to dApp-based sports betting powered by smart contracts.

You can find Ethereum sports betting at, Wild Casino, Sports-betting Casino, and MyStake Casino.

XRP dappGambl Ripple Sports Betting

XRP is one of the cryptocurrencies that has been at the centre of attention in the past two years. Not just because the company is battling the SEC but also due to the multiple benefits it comes with. Ripple sportsbook gives users an opportunity to wager on the largest sports leagues worldwide, such as NBA, WNBA, and WTA. Users can also place bets on football, basketball, golf, hockey, tennis, and even martial arts. Betway, FortuneJack, and Betnomi are good ripple sports-betting platforms.

Cardano dappGambl Cardano Sports Betting

Cardano sports betting is very new. You may not find many websites that currently support Cardano sports betting, but like Bitcoin, Ethereum, and Ripple, you can be sure that the digital coin’s popularity in sports gambling is rising fast. Cardano sports betting introduces fast transaction speeds giving gamblers a chance to quickly fund their accounts and withdraw their profits in lightning speed. Transactions are also relatively affordable, making it a good choice for gambling. Cloudbet, BC.Game, and Sportsbet.io are some

DOGE dappGambl Dogecoin Sports Betting

The popular meme coin, Dogecoin, has grown beyond the joke that founded it and found meaningful use cases. Dogecoin sports betting works by letting players wager on their favourite sports using the DOGE. Your stake is secure because the Dogecoin blockchain network is safe, immutable, and can’t be hacked. DOGE deposits are secured through a proof of work consensus mechanism that makes them safe and relatively faster than fiat gambling as there is no need for a central authority. Sign up with Stake.com, Thunderpick casino, or 22Bet to enjoy seamless Dogecoin sports betting.

Litecoin dappGambl Litecoin Sports Betting

Litecoin is one of the major digital coins today. It ranks at position 20 in market cap as of writing this and has been adopted by various sportsbooks to facilitate betting. Suppose you were wondering why Litecoin, the virtual currency has five to ten times faster transaction speed than fiat, making it reliable and effective in sports betting. Bettors can easily fund their accounts in time, even on short time limits, and wager on their favorite sports. Our top-ranking sportsbook, Stake.com, has you covered when it comes to Litecoin sports betting. XBet, Casobet, and BC.Game are also reliable.

Binance Coin dappGambl Binance Coin Sports Betting

Binance coin is the latest crypto to enter the world of sports betting. It’s the native coin issued by the popular Binance Exchange. Anyone who hasn’t heard about Binance must definitely be living under a rock! As one of the world’s top utility tokens, Binance coin offers a unique chance for gamblers to bet on different sports. It’s also easy to transact between Binance exchange and your sportsbook when it comes to binance coin sports betting. Get an account with Bitcoin, Rocketpot, or Betfury to get started now.

BCH dappGambl Bitcoin Cash Sports Betting

Gamblers can legally fund their sportsbook accounts with Bitcoin cash and use it to wager. Bitcoin cash is a permission-less open network released in 2017 as a fork of Bitcoin. Unlike Bitcoin, it handles larger volumes of transactions per second, which in theory means that bitcoin cash sports betting facilitates quick payments in and out of your trusted sports betting site. Remember to go through the terms and conditions of your sports betting provider to make sure you’re using bitcoin cash in tandem with their policies. To start, consider signing up with MyStake, Thunderpick, or Cloudbet casino.

Solana dappGambl Solana Sports Betting

Solana, popularly referred to as the “Ethereum killer,” is well-known for its super fast and low-cost payment solution. In addition, Solana sports betting assures gamblers of a safe and fair wagering environment. Although most Solana sports betting sites are legal, we recommend double-checking their reputation before settling on one. Don’t also forget to compare additional features of each sports book such as user-friendliness and customer support. Most importantly, the Solana sports betting platform you select should have your favorite sports options. Crashino, Betfury, and BC.Game are some excellent options to start with if you want to get started with Solana sports betting.

Stellar dappGambl Steller Sports Betting

Released in 2014, Stellar shares a lot of similarities with XRP Ripple. It’s a payment network created to facilitate easy transactions between everyone, including people that are not eligible to own traditional bank accounts. Stellar’s super-fast and cost-effective transactions give it an upper hand in sports betting over Ethereum, whose gas fees can primarily affect transaction costs. Lumen is its token, and that’s what gamblers use for sports betting. The crypto has enormous growth potential, meaning, apart from stellar sports betting winnings, users can also make a profit when the value of the crypto rises. Bitcasino, Duelbits, and Foggy Star are good options for Steller sports betting.

USDT dappGambl Tether Sports Betting

Popularly known by its symbol USDT, Tether is a stable coin derivative of the US dollar. Unlike other cryptos, it’s been created to always stay at a value of $1 at all times. This makes it more stable than other digital coins that suffer from cycles of burst and crash due to unexpected volatility. Due to its stability, tether sports betting is becoming one of the most popular crypto betting methods. In addition, the ability of gamblers to deposit and withdraw funds seamlessly without fear of sudden wild negative price swings is giving other digital coins a run for their money. Tether is also one of the largest cryptos by market cap, with more than $30 billion daily trading volume. If you’re looking to get started with Tether sports betting, you may consider, SportsBet.io, Cloudbet and 22Bet.

Which Exchange To Use For Crypto Betting?

The concept of Bitcoin Betting Exchanges may seem new, but it’s been there for a while. So what is a Bitcoin Betting Exchange? In answering the question, we need to realize that these are two separate words combined. Bitcoin Betting + Bitcoin Exchange. So can we safely define Bitcoin Betting Exchanges as Bitcoin Betting sites with an exchange? Well, that sounds right, but that is not it. Bitcoin Betting Exchanges are very similar to Bitcoin betting sites, except that players bet against each other for the exchanges. Gamblers wager against the bookmaker who adds a spread or margin on every bet generated in traditional sportsbooks. That makes traditional sports betting naturally more expensive to players than Bitcoin sports betting exchanges. Some of the leading Bitcoin Betting Exchanges in the market are:

  • Fairlay: Top liquidity Bitcoin Betting Exchange
  • BetBTC: High Odds Bitcoin Betting Exchange
  • Betmoose: Create your own Bets
  • BetOpen.co: Multi-lingual Bitcoin Betting Exchange
  • Bookmaker.EU: US Accepted Bitcoin Betting Exchange

Pros and Cons of Cryptocurrency Sports Betting

Pros

  • Speedy transactions.
  • Straightforward transactions.
  • Higher payment limits.
  • Privacy and security.
  • Low or zero transaction charges.

Cons

  • Less regulation.
  • The market can get wildly volatile.
  • Transactions are irreversible.

Crypto Betting Sports Leagues

Soccer is the most popular sport across the globe. It’s estimated that the European football league alone generates over $30 billion a season. So we will focus on the top crypto betting football sports league.

Champions League: This is Europe’s top-notch football league made up of the top 32 European soccer clubs from their country leagues. Winners get automatic eligibility for the next season.

English Premier League: Popularly known as EPL, this league comprises 20 teams; 17 from the leading 17 of the previous season and 3 new teams that have been promoted. It’s considered the most income-generating football league in Europe.

Spanish La Liga: Most commonly going by the name La Liga, this is the leading club football tournament in Spain. The team selection is similar to that of EPL. Sports betting sites offer tens of options for wagering on La Liga.

Bundes Liga: The German Bundes Liga is the leading football tournament in Germany. It’s overseen by the German Football Association and follows the same 20-team format as EPL and La Liga.

French Ligue 1: French Ligue 1 is the highest football competition in France, just like Bundes Liga for Germany and La Liga for Spain. The main participating teams include Paris Saint Germain, Monaco, Marseille, Olympique Lyonnais, and Lille Olympique Sporting Club.

Italian Serie A: Finally, we have the Italian Serie A, comprising 20 teams and administered by the National Professionals League Serie A. AC Milan, Inter Milan, Roma and Juventus are among the most popular teams in this league.

Types of Sports Bets

You’re going to come across many types of sports betting, so you got to understand them from the onset. The wide variety of sports betting methods is one factor that makes it enjoyable. We chose the most common types of Sports bets you should know.

Money Line Bets: This is the simplest and most common. It’s a zero-sum bet. For example, if you’re placing your bet on AC Milan, you only get paid if they win. You go home with nothing if they lose.

Point Spread: This bet allocates a margin to a team’s chances of success. For example, a margin of -8 means your team must win by at least 8 points. The opposing team would have a +8 margin, meaning it must win or lose by not more than 8 points.

Over/Under (Totals): This is also called the point total sports bet or over/under. They are effortless; a bettor wagers on whether a total combined score by both teams will go under or over the set point total.

Parlay Bets: Commonly referred to as multi-bets in crypto sports betting. Parlay bets only win when every leg or bet makes up the parlay win. Meaning, if only three out of a four-legs from parlay win, you are losing the entire bet. Parlay bets are attractive as they require small amounts of bets yet carry enormous rewards for the winner.

Prop Bets: Prop bets are usually not directly tied to the final game outcome. For example, a bettor can wager on the performance of one player as opposed to the entire team. This is called player prop. We also have a game prop, where one can bet on a specific event that may happen during the game, such as the first team to score.

Growth of Crypto Sports Betting

Crypto sports betting is one of the fastest-growing markets in the betting world. There are a lot of different reasons for this, which is partly linked to how quickly the crypto world is growing. But added to this, sports betting is without a doubt something that is growing at a fast rate. With crypto betting sites appearing much more often, it means that crypto sports betting has also seen a lot of growth.

How Much Is Bitcoin Betting Expected to Grow?

It’s hard to quantify exactly how much Bitcoin betting will grow. This is because it’s a subset of the overall sports betting market. But, with the overall sports betting market expected to see a 10.3% growth by 2030, it would be safe to assume that Bitcoin sports betting would see a larger level of growth.

This is because although Bitcoin betting is a subset of sports betting, it’s also one of the newer aspects of the market. As such, it will increase its market share of the overall sports betting market during this time. From there the prediction would be that Bitcoin betting would make up a larger portion of the market in 2030 when compared to now. So, with the overall market seeing a 10.3% growth, Bitcoin betting would see a higher level of growth in relation to the overall market.

Pros and Cons of Crypto Betting vs. Traditional Betting

Crypto betting sees a lot of pros when compared to traditional betting. It means that crypto players can achieve a lot more with their time than a standard sports betting player.

 

Pros

  • Crypto betting allows for faster withdrawals compared to traditional betting
  • Stake division is a lot easier with crypto betting
  • Blockchain tech can offer more innovations than fiat betting
  • Profits can increase if the market shifts upwards
  • Allows for anonymity and protection from ID fraud

 

Cons

  • Market volatility can lead to decreased profits if the market shifts downwards

Crypto Betting Sites Comparison

Casino
Rating
Bonus
Features
Payments
Banking
Licenses
CloudBet Casino
Cloudbet Casino Review Visit Casino
4.9/5
100% matched deposit bonus of up to 5 BTC!
  • Popular casino
  • Sportsbook with eSports
  • Some of the best odds
bitcoin-icon
bch-icon
ethereum-icon
tether-icon
usdc-icon
dogecoin-icon
litecoin-icon
pax-icon
Min Deposit:
-
Max Withdrawal:
-
Curaçao (CGCB)
Sportbet
Sportbet Casino Review Visit Casino
4/5
Shared House Profits
  • Provably Fair Games
  • Shared House Profits
  • Sportsbook
EOS-icon
bitcoin-icon
ethereum-icon
tether-icon
litecoin-icon
Min Deposit:
-
Max Withdrawal:
-
BC.Game Casino
BC.Game Casino & Sportsbook Review Visit Casino
4.9/5
180% up to $400!
  • Personalised bonus offer
  • Provably Fair Games
  • Low House Edge
bch-icon
bitcoin-icon
dogecoin-icon
eos-icon
ethereum-icon
litecoin-icon
tether-icon
tron-icon
Min Deposit:
10
Max Withdrawal:
00
Curaçao (CGCB)

Advantages of Using a Crypto Betting Site

When you first start using a crypto betting site, you will be astounded by what is available to you. There are a lot of different benefits available that makes it massively valuable to players. It’s beyond the standard simplicity that crypto offers, there are a lot of added bonuses that make it a much better choice to bet with crypto.

Fast Withdrawals

Withdrawals are much quicker when using crypto. It ensures that you’re able to get access to your funds a lot faster. With a traditional betting site, your fiat funds can often take up to 5 working days to be available. Crypto payments are much faster. They are usually available instantly, but if the blockchain is busy then this can sometimes be up to an hour. But even an hour wait is much better than 5 working days.

Decentralized Payments

Decentralized payments have a lot of benefits to users. Although it would almost require a full article on its own to cover everything that decentralization offers, the most important aspect is self-custody. You’re in charge of your own funds. No more relying on banking institutions who use your money to make profits and try to govern how you spend your money. You are in charge of what your funds do.

Anonymous Deposits

Anonymity is another huge benefit to crypto betting. Being able to remain anonymous means that you are protected from two main things. Firstly, you’re much less likely to be a victim of ID fraud. With banking requiring full KYC regulations, it means your details can be accessed. With anonymous deposits it ensures that your details are kept private and you can’t be the victim of fraud.

Secondly, it means that your bank can’t put any flags on your account for usage. If you’re playing with crypto it means that when you place a bet the bank will be unaware of it. So, they can’t block you for a loan or mortgage based on your usage.

Higher Bonuses

Higher bonuses can be offered using crypto. This is due to there being the ability for sites to generate their own crypto through staking and other methods. They can also potentially offer their own tokens, which will then make it even easier for higher bonuses to be offered. For players that like to give their bankrolls a shot in the arm, this is an excellent benefit.

What Cryptocurrencies Can You Use?

There are a lot of crypto tokens out there at the moment. Although there are a lot of different ones available, there are some that are offered almost everywhere. So, while you can find other cryptocurrencies to use, these are the main ones that are available at pretty much all sites.

  • Bitcoin
  • Litecoin
  • Dogecoin
  • Monero
  • Ethereum
  • XRP Ripple

Crypto Betting Bonuses

Crypto bonuses can be claimed at most crypto betting sites. They are available in a number of different forms. The main one is with a matched deposit bonus. This is when you deposit some crypto and then receive that amount on top as a matched bonus. There will then be wagering requirements that have to be achieved before the bonus can be withdrawn.

There are also free spins that can be awarded deposits. These are valued at low amounts, you might get 300 free spins at 0.000001 BTC for example. Any winnings that you get from these free spins will then have wagering requirements applied to them.

The final most common bonus is free crypto faucets. These are essentially somewhere you can go every day, or sometimes every hour, and claim a small amount of free crypto to play with.

Crypto Betting Apps

There are plenty of top class crypto betting apps on the market right now. Some of our favorites are as follows:

  • Cloudbet. This is a top class crypto betting site. There are lots of sports available and a fantastic welcome bonus too.
  • Stake. Stake offers solid sports betting choices, excellent markets and has some superb bonuses and promotions available.
  • Fortune Jack. This is a well known site that is massively popular. It has everything you need from a sports betting site and has one of the best interfaces around.

Where to Buy Crypto for Betting?

There are some excellent crypto exchanges available currently. It can be difficult to choose the best one for your needs. Our guide helps you to choose which is right for you, but our two favorite exchanges at the moment are as follows:

  • Binance
  • Coinbase

Best Crypto Wallets for Sports Betting

There are a lot of great wallets that can be used to store your crypto. If you’re struggling with making the choice, then you can find our guide to crypto wallets right here. On top of that, here are some of our favorite choices:

  • Trezor One
  • MetaMask
  • Coinbase
  • Ledger Nano X

Final Thoughts

Crypto sports betting is a fast growing method to bet on sports. As such, it can be hard to keep up with all of the different developments. By checking through our guide you can get up to speed with everything that you need to know about crypto betting sites. It makes it quick and easy for you to enhance your knowledge and become a crypto betting expert. If you want to start sports betting with your crypto, then our guide is the perfect place to start!

FAQs

Can you use crypto for sports betting?

As long as you’re playing at a crypto sportsbook then you will be able to use cryptocurrency to bet on sports. Sites that accept fiat currency also accept crypto in the modern world, so it’s likely that a large proportion of sites will accept crypto.

Which betting sites accept Bitcoin?

There is a massive selection of different betting sites that accept Bitcoin.

What is the best crypto betting site?

This all depends on what you want the most from your crypto betting experience. There are a lot of different sites out there that can make it difficult to choose the best one. Use our guide to help you choose the best one for you.

Is Cryptocurrency Betting Legal?

In most jurisdictions, cryptocurrency betting is completely legal. However, in some, it’s prohibited. So, it is important to double-check before you play in order to make sure.

Is it safe to bet with cryptocurrency?

It is completely safe to bet with cryptocurrency. As long as you carry out the right safety procedures then you will be kept safe and secure when betting with crypto.

How do I use Bitcoin for sports betting sites?

It depends on the site that you use. At some sites you will need to send the deposit using your Bitcoin wallet in order to start playing. At others you will have to purchase the Bitcoin through an exchange that is linked to the site. It’s important to check this before you sign up so you sign up to the right site.

Is it legal to place a bet using Bitcoin?

Yes it is, as long as it’s allowed within your jurisdiction.

Which bookies are based on crypto betting platforms?

There are a lot of different bookies that have a crypto betting platform in place. It’s up to you to check out which ones are available and offer the service that you require.

Why do people love crypto sports betting sites?

There are a lot of different reasons why people love crypto sports betting sites. They’re more flexible, offer faster withdrawals and some of the more innovative features of the blockchain are available. It makes them very appealing to players.

Which is the best crypto betting exchange site?

This all depends on your own requirements and the jurisdiction that you are playing in. If you check the site then you can easily find out whether it’s right for you.

How to choose the right crypto sportsbooks?

The best way to choose the right crypto sportsbook is to check through our guide. This will allow you to easily find out the best way to find the very best crypto betting sites.

Eugene Abungana
Written by Eugene Abungana verified symbol Investment Analyst, Financial Analyst, and Institutional Trader
124 Articles

Eugene is an investment analyst, MQL developer, financial trader and an expert in blockchain technology. He is a graduate in economics and holds additional studies in sustainable retirement investments. In addition, he has a background in literary journalism and experience in private fund management, institutional trading, and online broker setup. Eugene is a specialist at breaking down complex finance and investment topics into a simple read for everyone.

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Reviewed and Fact Checked by Will Wood , Crypto Gambling Expert