10 Best Crypto & Bitcoin Betting Sites 2023
Reviewed by
Brock P., Ty S., Anthony P., Andreas A.
Avaliable Countries
Avaliable Cryptocurrencies
Avaliable Countries
Avaliable Cryptocurrencies
Crypto & Bitcoin [1] betting sites use cryptocurrency to facilitate betting among players. These sites offer user anonymity, low transaction fees, security, and guarantee true randomness.
Therefore, to help you find the best crypto & bitcoin betting site, we have reviewed a list of the 10 best sites. We also have some vital factors to consider while choosing the best crypto-betting sites.
Sounds interesting? Read on to learn more.
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DepthCrypto!
Best Brands
10 Best Bitcoin & Crypto Betting Sites in 2023
- BetOnline —— Overall Best Crypto & Bitcoin Betting Site in 2023
- Stake.us —— Best Crypto & Bitcoin Sites For Football
- Cloudbet —— Best Crypto & Bitcoin Betting Site For Competitive Odds
- BetUS —— Best Crypto & Bitcoin Betting Sites For Live Sports Analysis and TV Shows
- Bovada —— Best Crypto & Bitcoin Betting Site For Horse Racing
- Sportsbet.io —— Best Crypto & Bitcoin Betting Site For Combination Betting
- Fortunejack —— Best Crypto & Bitcoin Betting Site For User-Friendly Mobile Gambling
- mBitcasino —— Best Crypto & Bitcoin Betting Site For BTC Games
- Lucky Block Casino and Sportsbook —— Best Crypto & Bitcoin Betting Site For Anonymous Gambling
- Xbet —— Best Crypto & Bitcoin Betting Site For Table Games
Our 10 Best Bitcoin & Crypto Betting Sites in 2023 Reviewed
Here are detailed reviews of our best 10 crypto & bitcoin betting sites in 2023;
Stake
- 9.6
General Information
Stake.us was founded in 2017 by Matt Leibowitz and Dan Silver. It is licensed by Curacao eGaming for operation.
The casino features thousands of games from top software providers like NetGame and Microgaming.
The payouts at this reputable casino are processed fast. You can make crypto payments via Bitcoin, Litecoin, Ethereum, USD coin, Tether, Bitcoin cash, Dogecoin, ApeCoin, Ripple, etc.
Year founded
2016
Cryptocurrencies
BTC, BCH, LTC, ETH
Languages
Chines, English, Spanish
Licence(s)
Antillephone License Validation
Anonymity
Stake.us does not require much information from players when registering. However, you will need to complete KYC level 1 to make your first deposit. You can change your information later down the route.
For instance, Stake.us reserves the right to ask for KYC documentation from players for regulatory reasons.
Reputation
Stake.us has gained a high reputation, especially for players who want to wager on football, as it carries football bets from a wide range of leagues.
It is also widely known for providing a safe and reliable crypto & Bitcoin gambling experience. Furthermore, most games offered are provably fair, ensuring random outcomes.
Prons and Cons
Pros:
- Lifetime Rakeback
- Provably fair games
- Effective customer support
- Over 130 cryptocurrencies
- Very competitive odds
- Secure with 2-factor authentication
- Wide selection of bets on global football leagues
Cons:
- No available reload bonuses
- Limited information about fees, payouts, and restrictions
- No welcome bonuses
15% lifetime Rakeback on all wagers using exclusive promo code
BetOnline
- 9.35
General Information
BetOnline was founded in 2004. It is well-known for its variety of pre-game and live crypto sportsbooks.
You can make crypto deposits via Bitcoin, Litecoin, or Ethereum.
BetOnline offers special Crypto $ Bitcoin bonuses. For instance, instead of offering a big-one time welcome bonus, players get bonuses every time they deposit with Bitcoin.
When you make crypto withdrawals, BetOnline casino pays out in minutes with no withdrawal fees other than what is charged by the blockchain.
Year Founded
2004
Cryptocurrencies
BTC, LTC, ETH
Languages
English
License(s)
Gaming and Gambling Control Board
Anonymity
BetOnline allows players to register without disclosing their identity. You only require an email address to sign up.
However, it does not provide any time for anonymity to gamblers when playing games or making deposits and withdrawals.
Reputation
BetOnline has a strong reputation for offering a secure online crypto-gambling environment. It secures your transactions to prevent loss and hacking.
The casino is also licensed and operates within all legal bounds. This ensures you play safely and have fun without worry.
Pros and Cons
Pros:
- Unlimited 100% deposit welcome bonus
- Massive live betting options
- 35% reload bonuses on all crypto deposits
- Available on mobile and desktop
- 24/7 customer support
- A wide range of outstanding games
- Fast payouts
Cons:
- Only accepts three cryptocurrencies
- No Bitcoin betting. It will convert your crypto deposits to USD
50% Welcome Bonus up to $1,000 on the first deposit
Cloudbet
- 9.35
General Information
Year founded
2013
Cryptocurrencies
BTC, BCH, ETH, USDT, LTC, USDC, DOGE, PAX, DASH, PAXG, DAI, and LINK.
Languages
English Russian Turkish Indonesian Chinese (Simplified)
Licence(s)
Curacao eGaming
Anonymity
Reputation
Pros and Cons
Pros:
- Highly competitive odds
- Anonymous gambling
- Fast payments
- Provably fair games
Cons:
- No fiat banking options
- No exclusive games
- Limited contact information
- Slow customer support
100% welcome bonus of up to 5 bitcoins
BetUS
- 9
General Information
BetUS was founded in 1994. It provides betting on various sports, including esports games, with highly competitive odds for big games. It also has one of the best live betting platforms worldwide.
This betting site is well known for its TV production. For instance, it features well-produced sports analysis shows.
Although it only supports cryptocurrencies, BetUS has lucrative bonus and promotion offers. Crypto & Bitcoin withdrawals at BetUS are fast, and no extra fees are charged.
Year Founded
1994
Cryptocurrencies
BTC, BCH, LTC, ETH
Languages
English
License(s)
Curacao iGaming Authority
Anonymity
Reputation
Pros and Cons
Pros:
- Fast payouts and withdrawals
- BetUS provides insight and analysis for wagers
- Ongoing crypto bonus
- Lucrative sign-up bonuses
Cons:
- Only accept BTC, ETH, BCH, and LTC deposits
125% first deposit bonus up to $3,125
Bovada
- 9.2
General Information
Bovada was founded in 2011. It stands out for gamblers who want to bet on horse races. For instance, the racebook covers hundreds of major horse tracks in the United States and worldwide.
This betting site accepts several major cryptocurrencies, including Ethereum and Bitcoin. It also has massive bonus and promotion offers, with friendly wagering conditions.
Deposits and withdrawals are fast, and there are no extra fees charged.
Year Founded
2004
Cryptocurrencies
BTC, BCH, ETH
Languages
English, Chinese, Spanish
License(s)
Not Available
Anonymity
Bovada betting site allows players to gamble with complete anonymity. You do not require your name to register.
Reputation
Although Bovada’s odds are not the best, it has gained a high reputation for offering more features, such as a wide selection of horse races and fast payouts.
Pros and Cons
Pros:
- Massive selection of horse races to wager on
- Fast payouts with no extra fees
- Lucrative welcome bonus with friendly wagering terms
Cons:
- Lack of reload bonuses for crypto deposits
50% welcome deposit bonus up to $500.
Sportsbet.io
- 9.65
General Information
Sportsbet.io is one of the best crypto & Bitcoin betting sites for gamblers who want to play combination bets. For instance, it offers several featured wagers like 4-3-Free and Free-6-6 that provide huge payouts for winning bettors. You can win up to $100,000.
It features a selection of over 40 impressive sports leagues and has a wide selection of prop bets on most matches. Withdrawals are instant and free.
One drawback, however, is that Sportsbet.io has relatively few bonuses and promotion offers.
Year Founded
2016
Cryptocurrencies
BTC, BCH, LTC, ETH, USDT, TRX, XRP, SOC
Languages
Chinese, English, Deutsch, French, German, Japanese, Portuegues, Spanish, Tiếng Việt, Thai, Turkish, Vietnamese
License(s)
Curacao
Anonymity
Sportsbet.io allows players to create accounts, deposit funds, and bet anonymously.
Reputation
Sportsbet.io works in partnership with over 100 gaming providers. Most of these developers have an impressive history of offering high-quality games.
The casino also guarantees gamblers provably fair games and 100%
Pros and Cons
Pros:
- Combo bets with huge payouts
- Fast payouts
- Supports a wide selection of cryptocurrencies
- Anonymous gambling
- Intuitive interface
Cons:
- Lack of deposit bonuses
$50 free bet every week
FortuneJack
- 8
General Information
FortuneJack is a Curacao-licensed online betting site that was founded in 2014. It is well-known for its well-designed, sleek design desktop site that is entirely compatible with mobile devices.
The site features a variety of high-quality pre-games and live dealer games powered by top providers like XPG and BetGamesTV.
Year Founded
2014
Cryptocurrencies
BTC, BCH, LTC, ZEC, DOGE, XMR, ETH, TRX, DASH
Languages
English, Japanese
License(s)
AntillePhone N.V.
Anonymity
FortuneJack offers online gambling anonymity to players. For instance, you only need your phone number and email address.
Reputation
Fortunejack is rated 4.4 out of 5 stars on Trustpilot, with over 500 reviews. It is, therefore, considered one of the best Crypto & Bitcoin betting sites worldwide.
Pros and Cons
Pros:
- Well-designed and intuitive mobile interface
- Anonymous gambling
- Friendly wagering conditions
- Multiple supported cryptocurrencies
- Over 2000 games
Cons:
- No phone customer support
- No fiat currency supported
110% welcome bonus plus 250 free spins
mBitcasino
- 8.55
General Information
mBitCasino is a top crypto & Bitcoin betting site founded in 2014. It has over 1000 on-demand games from giant software providers like Pragmatic Play and BestSoft Gaming.
Although this site is slot-focused, it provides a wide range of other BTC games like poker, dice, roulette, and dice, among others. You can also gamble on live dealer games.
This betting site is licensed for operation by Curacao eGaming and is encrypted with SSL (Secure Socket Level).
Year Founded
2014
Cryptocurrencies
BTC, BCH, ETH, LTC, DOGE, USDT, XRP
Languages
English. Deutsch
License(s)
Curacao eGaming
Anonymity
mBitCasino allows players to sign up without providing personal information. You only require an email address to sign up.
Reputation
One area that mBit Casino has a high reputation in customer service satisfaction. Although email response is slow, the support is professional, effective, friendly, and adequate.
Pros and Cons
Pros:
- Supports multiple cryptocurrencies
- Optimized mobile app
- High withdrawal limit of up to 100BTC
- Massive welcome bonus scheme
- Fast payouts
- Adequate customer support
Cons:
- Slow email customer support response
- Lack of provably fair games
- No FAQs section
75% welcome bonus up to 1BTC + 75 free spins.
Lucky Block
- 8.15
General Information
Lucky Block was founded in 2021 and launched the online casino and sportsbook website in 2022.
It is widely known for its anonymous gambling experience. Players can quickly sign up thanks to the seamless registration process that does not require personal documentation or email verification for a KYV procedure.
The site has a simple and intuitive design focusing on functionality rather than glamour. Also, customer support is responsive and available 24/7.
Year Founded
2021
Cryptocurrencies
BTC, ETH, LTC, BNB, XRP, DOGE, USDT, ADA, BCH, TRX
Languages
English, French, Italian, Spanish, Czech, Hungarian, Japanese, Norwegian, Portuguese, Slovak, Turkish, Chinese, German, Russian, Arabic, Finnish, Indonesian, Korean, Polish, Romanian, Thai, Vietnamese
License(s)
Curaçao eGaming
Anonymity
Lucky Block casino and sportsbook support anonymous gambling. You do not need to provide personal documentation for KYC verification.
Reputation
The Lucky Block casino and sportsbook has a high rating in online betting reviews because of impressive coverage, anonymous gambling, user-friendly interface, and sharp odds.
Pros and Cons
Pros:
- Lowest minimum deposit of $1
- Wide selection of payment methods
- Fast payouts and withdrawals
- Seamless registration process
- Anonymous gambling
- High roller/VIP bonus
Cons:
- Restricted in the UK
- The 15% cashback is not among the best bonuses
15% cashback first seven days after signing up
XBet
- 8.95
General Information
Xbet has been in operation since 2014. It is well known for offering a wide selection of exciting table games like blackjack, roulette, craps, war, and baccarat.
This betting supports a wide range of crypto payment options. Payouts are fast, and there is no withdrawal fee.
Year Founded
2014
Cryptocurrencies
BTC, BCH, LTC, ETH
Languages
English
License(s)
Government & Laws of Curacao in the Netherlands Antilles
Anonymity
Xbet allows gamblers to bet anonymously. You only require an email address to sign up, and you can gamble anonymously if you are using crypto or Bitcoin.
Reputation
Xbet has a high reputation for offering all your favorite table games, such as blackjack, roulette, baccarat, casino war, triple edge poker, red dog, and three-card rummy.
Pros and Cons
Pros:
- A wide selection of table games
- Live dealer table games
- Ongoing lucrative crypto reload bonuses
- User-friendly and intuitive interface
Cons:
- Slow payouts
- The welcome bonus is limited to $500
Xbet has been in operation since 2014. It is well known for offering a wide selection of exciting table games like blackjack, roulette, craps, war, and baccarat.
The Best Betting Sites Comparison
| Crypto & Bitcoin Betting Site | Available Sports | Welcome Bonus | Accepted Crypto | Minimum Deposit |
|---|---|---|---|---|
| BetOnline | Football, Basketball, tennis, baseball, boxing, darts, rugby, hockey, golf, auto racing, cricket, snooker, martial arts, and volleyball | 50% Welcome Bonus up to $1,000 | Bitcoin, Ethereum, and Litecoin | $10 |
| Stake.us | American Football, Aussie Rules, Baseball, Basketball, Boxing, Cricket, Darts, Football, Futsal, Golf, Handball, Ice Hockey, MMA, Motor Sports, Politics, Rugby, Snooker, Table Tennis, Tennis, Volleyball, Cycling, Horse Racing, and WWE | 15% lifetime Rakeback | Bitcoin, ETH, LTC, Ripple, Dogecoin, Bitcoin Cash | 0.0001198BTC |
| Cloudbet | Tennis, football, eSports, Basketball, and more | 100% welcome bonus of up to 5 bitcoins | BTC, ETH, USDT BCH, DASH, USDC, LINK, PAX, PAXG, LTC, DAI, and DOGE | 0.01 BTC |
| BetUS | Golf, Football, Tennis, Boxing, and Basketball, among others | 125% welcome bonus up to $3,125 | Bitcoin | 0.0001198BTC |
| Bovada | Basketball, tennis, baseball, soccer, and hockey, among others | 50% welcome deposit bonus up to $500 | Bitcoin, Ethereum, Tether, Litecoin, and Bitcoin Cash | $20 |
| Sportsbet.io | Soccer, Basketball, Tennis, American Football, Table Tennis, Cricket, Boxing, Darts, Floorball, Handball, Ice Hockey, Rugby, Rocket League, Snooker, and Volleyball | $50 free bet every week | Bitcoin, Ethereum, Litecoin, Tether, Tron, Ripple, Cardano, Dogecoin, Binance Coin, Binance USD, and AllSports | 0.0005 BTC |
| Fortunejack | Soccer, Basketball, and tennis, among others | 110% welcome bonus plus 250 free spins | Bitcoin, Dash, Litecoin, Ethereum, Tether, Tron, USD Coin, and ZCash | 0.002 BTC |
| mBitcasino | Sports betting, casino games, video poker, lottery, and live dealer games | 75% welcome bonus up to 1BTC + 75 free spins | Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tether, and Dogecoin | 0.00035 BTC |
| Lucky Block Casino and Sportsbook | Football, Basketball, hockey, tennis, esports, volleyball, and American football, among others | 15% cashback first seven days after signing up | Bitcoin, Ethereum, and Litecoin, among others | $1 |
| Xbat | NCAA Football/Basketball, MLB, Golf, Tennis, MMA, Boxing, Motor Sports, Aussie Rules, Cycling, Rugby, Volleyball, and Hockey | First deposit bonus of up to $500 plus a $10 casino chip | Bitcoin | $45 |
How to Choose The Best Crypto & Bitcoin Betting Sites
There are many factors to consider while choosing the best crypto & bitcoin gambling site. Here are some of the vital factors:
The company’s background
You need to look into the betting site’s background if it is available. For instance, check the internet for negative or positive reviews.
The online crypto & bitcoin betting community can help you learn if a betting site engages in fraudulent activities and behaviors.
Licensed companies
Choose a Crypto & bitcoin betting site licensed by a reputable gambling regulatory body like Curacao or Malta.
Playing at a licensed betting site allows you to get rid of the risks of encountering scammers and fraudsters.
Customer reviews
Reading feedback posted by other gamblers who have previously used a particular crypto-gambling site can give you a great idea of what to expect from that particular casino.
According to most customer reviews, many gambling websites treat their customers unfairly and are untrustworthy. Therefore, you must keep a keen eye on these websites.
Fast and simple transactions
Payout times and simplicity are possible problems with online betting sites. This is especially true of complex withdrawals made via bank transfer or cheque, which take 5-10 days.
Therefore, choosing a crypto & bitcoin betting site that supports fast and simple transactions is vital.
Secure Cryptocurrency Deposits
Crypto deposits must be secure and safe for gamblers to trust online betting sites.
So, choose a crypto-betting site with a history of protecting gamblers’ funds and taking deposit security seriously.
Speed of Deposits & Cashouts
One of the advantages of online crypto-gambling sites is that they process deposits and withdrawals almost instantly.
Most betting sites reviewed in this article process payments in minutes, although some can take several days.
Bonus & Promotion Variety
Bonuses and promotions increase your betting capacity and significantly impact your winning possibility. So, look for a crypto betting site that rolls out a variety of bonuses and promotions regularly.
However, you should check that these bonuses have friendly wagering terms and conditions.
Crypto Transaction Fees
Depositing and withdrawing crypto from online casinos incurs blockchain fees. However, the betting site itself should not charge any additional fee.
All the best betting sites reviewed in this article do not charge deposit or withdrawal fees for the supported cryptocurrencies.
Crypto Deposit & Withdrawal Limits
The crypto deposit and withdrawal limits can vary from one betting site to the other. Gambling beginners want to choose a betting site with a low minimum deposit. Most of the casinos reviewed in this article allow players to deposit as low as $5.
Choosing a betting site with a low minimum withdrawal limit and a high maximum withdrawal limit is also vital.
Variety of Crypto Betting Games
Since playing betting games is the main activity for online gamblers, the best crypto & bitcoin betting sites should give you access to many gaming options.
Besides, the best betting site offers games from top software providers, and playing them will provide an outstanding betting experience.
Crypto Betting Resources
The best crypto & bitcoin betting site gives players access to various gambling features and resources.
Therefore, you must choose a casino with simple tools for managing funds and easy-to-navigate lobbies.
Privacy
You need to choose a crypto-betting site that guarantees adequate privacy. For instance, it should protect all the players’ personal information.
The best bitcoin gambling site should also allow you to gamble anonymously.
Transparency
Transparency is another factor to consider when choosing the best crypto-betting site. For instance, the best betting site should make all your completed transactions available.
International acceptance
Cryptocurrency has a worldwide payment system free of governmental or bank control. Therefore, no matter where you are located, the best crypto & bitcoin betting site should accept bitcoin or any other cryptocurrency without state and institutional control.
Bitcoin Gambling vs. Regular Online Gambling
This digital era has seen Bitcoin gambling rise in popularity.
Currently, BTC betting sites have more to offer than traditional online betting sites. However, they have a few drawbacks you should be aware of.
Check the table below to understand the difference between BTC gambling sites and traditional online betting sites:
| Feature | Bitcoin Gambling Sites | Traditional Online Gambling Sites |
|---|---|---|
| Payout times | 2 minutes BTC | 24 hours bank transfer |
| Bonuses | Higher and regular bonuses | Lower bonuses |
| Transaction fee | No withdrawal fee charged | Withdrawal fee charged |
| Privacy | NO KYC for some Bitcoin betting sites and minimal KYC for others | Legally obligated to apply the KYC account verification process |
The Benefits of Bitcoin Betting
Here are the benefits offered by the best crypto & bitcoin betting sites:
1. Fast payouts
Crypto & Bitcoin betting sites are well known for offering speedy withdrawals. For instance, most of the sites reviewed in this article process withdrawals immediately after the cash-out request are made.
This is unlike traditional online betting sites that take 3-5 working days (sometimes longer) to process withdrawals.
2. Anonymous Gambling
Most Crypto & Bitcoin betting sites do not ask gamblers to upload any KYC documents or provide personal information.
You can create an account, make deposits, and subsequently gamble anonymously.
3. Bigger bonuses
Another reason you should use crypto & bitcoin betting sites is that they often offer bigger welcome and deposit (reload) bonuses than traditional betting sites.
You can claim up to $30k in Bitcoin bonuses.
4. Lower house edges
Most crypto & bitcoin betting sites operate with a smaller resource allocation. So, they provide more competitive house edges to gamblers than traditional betting sites.
The Rise of Crypto Betting
Blockchain and crypto technologies are developing at an incredible speed. Every day, more and more options for using crypto in practice arise.
Betting is one of the most vital industries this crypto and blockchain technology has penetrated.
For instance, with the current global betting industry exceeding $40B per yea [3], almost 50% of the transactions are contacted with bitcoins. And we can only expect the trend of crypto betting to get more solid in the future.
Currently, we already have many betting sites that accept BTC, ETH, LTC, etc., and the number of such betting operators will only grow in the future.
The Bitcoin Betting Strategy Guide
Here are the three common bitcoin betting strategies that you can use to maximize winnings:
1. Martingate Bitcoin Betting Strategy
This strategy states that when you experience a loss, you should immediately double the size of your next bet. For instance, by repeatedly doubling the next bet after losing, you will theoretically even out with a winning bet at some point.
It has a near 100% success rate and is based on probability theory, with one big assumption that the gambler has enough crypto to make it to the winning payoff.
2. The Inverse Martingale Betting Strategy
The Inverse Martingale strategy is the exact opposite of the Martingale bitcoin strategy. For instance, it allows the gambler to increase their stake while on a winning streak but not during a losing streak.
However, you must reset your bet to the original amount if you lose.
3. The D’Alembert Bitcoin Betting Strategy
D’Alembert bitcoin strategy has a similar betting strategy to Martingale‘s. For instance, player reduces their bet when they win and increase them with every loss.
The only difference with Martingale is that you will only decrease or reduce your bet size by a unit.
Buying Guide For Betting Sites
Withdrawing Winnings at Bitcoin Betting Sites
Withdrawing winnings is every gambler’s favorite part. Betting sites that accept Bitcoin deposits will also allow you to withdraw Bitcoin.
Bitcoin withdrawals are processed instantly or within 24 hours. This adds excitement to online bitcoin betting.
It is also cheap to withdraw Bitcoins from crypto betting sites. For instance, you are only charged a blockchain fee while withdrawing Bitcoin.
Besides, Bitcoin betting sites allow you to withdraw more winnings per transaction. Again, most sites have no withdrawal limit if you make deposits exclusively with BTCs.
Identity Protection and Taxes with Bitcoin Gambling
BTC is based on decentralized blockchain technology. This comes with several advantages in terms of protecting the gambler’s identity.
For instance, BTC betting transactions are either pseudonymous or anonymous (do not have personal-identifying information).
Besides, BTC betting sites do not report the gambler’s name or winnings to the IRS. For instance, it is the player’s responsibility to report their winnings to the IRS. Otherwise, they will not know you have won.
Bet on Super Bowl with Bitcoin
There are many perks when you bet on the Super Bowl with BTC. So, Super Bowl is one of the most incredible ways to get started with Bitcoin betting.
It will allow you to make more bets with all the over/under, lines, and props leading up to and during big games. Players can rely on using BTC bonuses to keep up the betting.
Besides, BTC betting sites provide Super Bowl-specific specials. For instance, if you have already cashed in on your BTC welcome bonus, you can keep your betting flowing with these seasonal specials.
Conclusion
The best Crypto & Bitcoin betting site makes it fun and easy for gamblers to play their favorite online casino games.
This article has ranked and compared the best crypto betting sites you should consider now. For instance, the top sites should offer a wide variety of gambling games, huge bonuses, an intuitive interface, fast payouts, and support a wide selection of payment options.
Based on our review, the overall best crypto & bitcoin betting site was BetOnline.
Join today to enjoy the best online gambling experience.
FAQ
Is it safe to play sports bets with crypto?
Placing sports bets with crypto is similar to placing bets with fiat funds. So, it is safe to place bets with crypto.
Most betting sites use crypto for making deposits and withdrawals. They then convert the value of your crypto into fiat. So, when you place bets, you are placing in the converted fiat value.
However, you should be careful while making crypto deposits because crypto transactions can not be reversed.
Is it legal to play sports bets with crypto?
Cryptocurrencies, just like fiat funds, are simply a funding source. Therefore, if it is legal to place bets with fiat currency in your country, then it will also be legal to place bets with crypto.
Why do gamblers love crypto sports betting?
Crypto sports betting allows gamblers to make deposits and withdrawals with incredible speed and lower transaction costs. They also have more bonuses with friendly wagering terms.
However, you should always double-check your crypto address while making a bitcoin bet, so you do not lose your crypto funds due to human error.
What is the best Crypto & Bitcoin wallet for online betting?
The best bitcoin wallet for online gambling is either:
- A secure cold wallet like a USB wallet that you can comfortably hook up to your PC.
- A secure hot wallet that you have complete control over on your computer or phone.
These secure bitcoin wallets allow you to quickly deposit and withdraw crypto to and from your favorite betting site.
How do Bitcoin transactions function?
Bitcoin transactions function similarly to other digital wallets you have used. For example, you only need to click “Send” or “Receive” when using Paypal. This is the same with Bitcoin.
For instance, whenever you want to send BTCs, you must input your bitcoin wallet address and the amount you want to transfer.
On the other hand, when receiving BTCs, you have to specify the wallet address the payment is coming from, and it will be confirmed within seconds.
The key benefit is that bitcoin transactions take only a few seconds.