Bitcoin sportsbook: Best BTC Betting Providers & Bookmakers 2022 In Comparison

Bitcoin sports betting is a comparatively new trend, but there is every indication that the digital currency will be used by more and more users in the future. This is mainly due to the enticing properties of this payment method, because transactions with Bitcoin are particularly secure due to the anonymity, can be processed quickly and only cost a micro amount.

In this guide, we will show you where you can already place Bitcoin sports bets today, what advantages this has for you, but also what needs to be taken into account. In addition, we present Bitcoin betting providers that are reputable.

This Bitcoin betting provider list is not complete, as we have not included those Bitcoin betting providers that we are suspicious of. We will also go into the question of particularly lucrative Bitcoin sports betting bonuses in more detail. We will also go into the question of particularly lucrative Bitcoin sports betting bonuses in more detail.

Advantages:

• Bitcoin is more anonymous than other payment methods: no personal details are required to create a Bitcoin wallet. Even for the transaction itself, you only need to provide the two cryptographic keys. Your data is thus well protected and cannot fall into the hands of hackers.

• Transactions with Bitcoin are fast: It usually takes only a few minutes for the transaction to be confirmed by the network. By voluntarily paying a slightly higher transaction fee, you can ensure that your transaction is processed preferentially.

• There are only very small fees: With many betting providers, deposits and withdrawals are free of charge. In the Bitcoin network itself, a transaction is already possible for a fee of a few cents.

• The value of Bitcoin can rise: Bitcoin has proven to be a serious alternative to the euro, dollar and other currencies in recent years. More and more users trust the cryptocurrency and invest in Bitcoin, which is reflected in rising prices. Therefore, your Bitcoins purchased today could be worth many times their original price in the near future.

Disadvantages:

• The Bitcoin exchange rate is very volatile: Just as Bitcoin can increase in value, large losses in value are also possible. So there is a certain risk due to price fluctuations, which are much stronger than for currencies regulated by banks.

• There are faster payment methods: A Bitcoin transaction has to be confirmed several times by the network until it is considered verified. Since a new block is only created about every 10 minutes, this can occasionally take a while.

• A wallet is required: For betting customers who already use Bitcoin anyway, this is not a real disadvantage, because these users will also already have a wallet. However, if you don’t own any Bitcoins yet, you will first need to create a wallet and buy Bitcoin. This can be quite complicated in some circumstances. Trustly sports betting, for example, can be done without any additional effort. PayPal bets also work without any time delay.

Btc sportsbook

The days when you first had to visit a bookmaker in persona to bet on a soccer match or other sporting event are long gone. Modern fans place their sports bets online, which has other advantages besides round-the-clock availability. For example, betting customers can receive attractive bonuses and benefit from particularly good odds. You can find out where you can get particularly good conditions in our reviews.

When we evaluate online bookmakers, however, the payment methods offered also play an important role, because it is of course important that customers can deposit and withdraw money quickly and, above all, securely. So far, there are not very many reputable sports betting providers where Bitcoin sports betting is possible. We have specifically looked around for Bitcoin betting providers. By clicking on the relevant Bitcoin betting provider, you will be taken to the corresponding review or you can also register directly with the betting provider and then pay sports bets with Bitcoin.

Since Bitcoin had a rather dubious image not so long ago, because the cryptocurrency, which is considered anonymous, was also frequently used for payments in the so-called darknet, this method is not yet offered by many online bookmakers. The negative reputation has turned out to be largely unfounded, because meanwhile more and more reputable companies are also investing in the cryptocurrency, and transactions with Bitcoin are partly considered to be more secure than the classic bank transfer or other common payment methods of fiat currencies.

Bitcoin also enables people in totalitarian systems to network and send and receive money without government regulation. Bitcoin makes users independent of banks and their intervention in the currency system and ensures that no personal data can fall into the hands of the wrong people when making online payments. Another reason why there are not very many Bitcoin betting providers yet is the legal situation, which was unclear for a long time.

Best bitcoin sportsbook

The creators of Bitcoin created the alternative currency in part to be independent of government regulatory systems. Therefore, payments with Bitcoin were wrongly regarded as “semi-legal”. However, it is now clear that Bitcoin has established itself as a serious payment alternative. The coin is also used by large online stores, and has long been out of the legal gray area. Therefore, we firmly expect that the possibilities for Bitcoin sports betting will also increase in the future and that more and more bookmakers will offer this payment method.

Crypto sportsbook

Most online bookmakers offer a sports betting bonus, because the competition in the industry is big and many users get an incentive to register with the respective sports betting provider. Such a bonus is usually available at the Bitcoin betting provider as well. This is usually also granted when the cryptocurrency is used as a deposit method. In individual cases, it may even be that the bookmaker offers a special Bitcoin bonus. After all, it is also an advantage for the betting provider if the customer uses Bitcoin or another cryptocurrency to top up his betting account.

Unlike payments by credit card or bank transfer, the bookmaker is not exposed to the risk of fraud here, because transactions with Bitcoin cannot be reversed. So once the money is received, the bookie can be sure that it cannot be booked back. This alone is a good reason to reward bitcoin sports betting with an additional bonus. Regardless of which deposit method was used to receive the bonus, as a rule, neither bonus credits nor the winnings made with them can be paid out immediately.

After all, the Bitcoin betting provider grants you the bonus so that you can subsequently deal with its betting offer and place corresponding sports bets. The bonus is therefore kept in a separate bonus account and is not available for withdrawal. Once you have generated the turnover specified by the bookmaker with sports bets, the bonus balance is moved from the bonus account to the real money account. Now you can dispose of it in full and have it paid out if you wish.

Best bitcoin sports betting sites

You can dispose of the funds in your real money account even before the bonus conditions are fulfilled. However, if you request a withdrawal before the turnover requirements are fully met, the bonus is usually removed from your betting account. Therefore, it makes sense to wait with the withdrawal until the bonus can be paid out as well. In order for you to actually receive a financial benefit from the bonus, we definitely advise you to familiarize yourself with the turnover requirements at the Bitcoin betting provider in advance. This way, you can plan your bets accordingly, fulfill the conditions quickly and have the money paid out afterwards.

Bitcoin sportsbooks

Cryptocurrencies work with so-called blockchain technology and, unlike the fiat currencies we are familiar with, have a decentralized structure. Therefore, no central body is needed to regulate the amount of coins and verify transactions. This is done jointly by the entire network, in which every user has access to all information. If individual participants in the network fail, this does not affect the availability and reliability of the bitcoin.

New transactions are processed in so-called blocks, which are then joined together as a chain. By participants of the network providing computing power to find valid hash values for new blocks, the transactions are verified. Bitcoin was the first cryptocurrency in 2009 and remains the most widely used today. Since Bitcoin has long proven to be a convenient, reliable and secure means of payment, Bitcoin is popular among internet users. Many betting customers also prefer Bitcoin over the classic deposit methods.

This has not escaped the notice of bookmakers, which is why more and more of them offer deposits and withdrawals via Bitcoin wallets. In order to be able to deposit with Bitcoin at sports betting providers, a betting account is required on the one hand. This can be opened online in an uncomplicated manner. For the deposit, the customer can then choose from various methods, including Bitcoin. Now the user still needs a so-called Bitcoin wallet.

Best crypto sportsbook

Those who already use the cryptocurrency for other payment transactions will already have such a wallet.

If no wallet is available yet, it can be opened online with a few details. The deposit is now made by specifying how much you want to deposit into your betting account. The Bitcoin betting provider will then provide a wallet address to which the customer only has to send his coins to complete the deposit. After the Bitcoin network has confirmed the transaction, the deposited funds appear on the betting account and can be used to place sports bets.

Best bitcoin sports betting

In order to be able to pay with the cryptocurrency at the Bitcoin betting provider, you must of course first own Bitcoin. You then store them on a so-called wallet, which you can create free of charge at various providers. Even more secure than storing the means of payment on an online wallet is managing it on so-called hardware or paper wallets. But even with an online wallet, Bitcoin can be used quite securely if you make sure that your own computer or mobile device is well protected from hackers.

At so-called crypto exchanges on the Internet, you can buy Bitcoin and other cryptocurrencies with euros or US dollars. Depending on the payment options offered by the trading platform, payment is made by bank transfer, credit card or via another payment provider. As soon as the crypto exchange receives the money you paid, it sends the corresponding amount in Bitcoin to the wallet address you specified. Here you can now dispose of the coins and pay for sports betting with Bitcoin, among other things.

Another possibility to buy Bitcoins online are the so-called exchange platforms. Here, the trading rate is not set by the operator of the platform, but determined by the users themselves. You can create an offer with just a few clicks by specifying the amount of Bitcoin you would like to purchase and the price in euros you are willing to pay for it. If an exchange partner is found who would like to enter into this trade with you, the trade is concluded.

Alternatively, you can also filter the offers already available on the platform according to your individual criteria and thus find a suitable dive partner. Regardless of whether you prefer a crypto exchange or an exchange platform, you should always make a point of buying Bitcoin exclusively from reputable providers. Since transactions with Bitcoin cannot be reversed, it is usually almost impossible to get back the lost coins in case of fraud. Meanwhile, several large providers have established themselves, where strict security measures are in place, so that you can buy Bitcoin and often other cryptocurrencies there without hesitation.

Bitcoin sports betting sites

In order to bet with Bitcoin, a few steps are required. If you want to use the cryptocurrency as a stake for sports betting, you need to own Bitcoins for it, of course. Buying Bitcoin is possible online at the so-called crypto exchanges or on exchange platforms.

Bitcoin is rarely traded offline because transactions cannot be reversed, which involves a certain risk when buying the coins privately. Therefore, the payment method of choice for private offline purchases is usually cash. In our table, we have listed several bitcoin betting providers. Which of these bookmakers you ultimately choose depends on your individual requirements. While some bettors, for example, attach importance to a particularly high bonus, others find it important that bets are also offered on a certain fringe sport. Still other users only want to register with bookmakers that offer round-the-clock customer service.

In our sports betting provider reviews, we have taken a close look at the different advantages and disadvantages of the tested providers, so that you can use these reports to make a good decision as to which of the tested Bitcoin bookmakers is best for you personally. Even if you use Bitcoin as a deposit method, you can get a new customer bonus in most cases. Before depositing, pay attention to whether the Bitcoin betting provider automatically credits the bonus to its customers or whether you might need a bonus code.

Sportsbook bitcoin

The Bitcoin betting provider will provide you with a wallet address for your deposit, to which you can send the desired amount. The deposited funds will then be credited to your betting account usually within a few minutes, depending on how long the Bitcoin network takes to verify your transaction. Below we have clearly listed the individual steps that are required for placing Bitcoin sports bets once again:

• Create Bitcoin Wallet & Buy Bitcoin

• Find Bitcoin betting provider & register there

• Make a deposit with Bitcoin, using bonus if necessary

• Use credit as stake for sports betting

Crypto sportsbook list

Modern online bookmakers either offer their customers a free sports betting app for the popular operating systems or have optimized their website for use with mobile devices so that it automatically adapts to the changing requirements. This way, the complete betting offer can be used on the go, and users can place their desired bet with just a few clicks, even on the road, in the soccer stadium or in the sports bar.

Since not every customer always stores sufficient funds in the betting account, the common deposit methods are also supported in the mobile version.

Bitcoin sports betting is therefore possible on the go, provided you have a wallet app from which you can initiate the deposit even without a computer. Such apps can be downloaded for free from various trusted providers.

Since mobile Bitcoin deposit allows you to top up betting funds even spontaneously, you can also easily register with several Bitcoin betting providers and then always deposit spontaneously where you get the best odds for the bets you are planning. This way, if you win, you will get more money out of it, which will pay off in the long run.

Bitcoin bookmakers

Transactions with Bitcoin are considered very secure because they can only be carried out by those who have the corresponding cryptographic keys to the coins. Personal data is not disclosed during the transaction and therefore cannot fall into the hands of hackers. Since information such as the name or even account data is not even transferred during deposits and withdrawals with Bitcoin, this method is considered much more secure compared to credit card payments or bank transfers. However, it must also be said that thanks to high security standards, the other two payment methods are also considered safe by experts, provided that it is a reputable Bitcoin betting provider. Of course, Bitcoin sports betting is only as secure as the Bitcoin betting provider.

Just like with all other deposit methods, you should therefore make sure that the Bitcoin betting provider you choose has a valid sports betting license. In addition, the experiences that other customers have had with the bookmakers in question are helpful. For example, if there are many negative reviews, it usually makes sense to refrain from governing with the respective provider and opt for another alternative instead. A reputable Bitcoin betting provider pays strict attention to the security of its customers and attaches importance to encrypted data transmission. This prevents sensitive information from falling into the wrong hands.

Bookmakers accepting bitcoin

The general terms and conditions should also state that the bookmaker will only use customer data for a narrowly defined purpose and will not pass it on to third parties without the customer’s consent. In order not to fall for dubious online bookmakers, you should make sure when choosing your Bitcoin betting provider that it has a sports betting license issued by an EU member state. This binds the bookmaker to strict regulations and ensures that winnings are paid out reliably.

Moreover, if contrary to expectations, there are serious conflicts with the Bitcoin betting provider, you can contact the regulatory authority, which will then review the case and intervene if necessary.

Online bitcoin sportsbook

Since bitcoin is not regulated by any authority or other body, its price fluctuates much more than we know from the euro, dollar or other fiat currencies. The price fluctuations can be both an advantage and a disadvantage for users. On the one hand, it can happen that the paid out coins are worth significantly more than they were at the time of deposit, on the other hand, of course, it is just as possible that the Bitcoin exchange rate drops and you receive significantly less Euros upon payout than you originally invested, even if you actually made a profit with your Bitcoin sports bets.

Bettors who use Bitcoin for other payment transactions apart from sports betting and permanently store coins in their wallet are generally relaxed about the fluctuations in the exchange rate. They think in the long term and usually assume that Bitcoin will gain a lot of importance in the next few years and thus also increase in value. Short-term losses in value are therefore not a problem for these users. For many other users, however, the euro is still the decisive currency, even if they pay their sports bets with Bitcoin.

These users would like to avoid losses due to a falling Bitcoin rate. For them, it is advantageous if the betting account is managed in euros, regardless of the selected deposit method. Here, the money is then converted into euros directly after the Bitcoin deposit and only converted back into Bitcoin at the then current rate before a payout. Thus, despite the digital means of payment can ultimately be calculated in euros.

Best bitcoin sportsbooks

Since bitcoin is not regulated by any authority or other body, its price fluctuates much more than we know from the euro, dollar or other fiat currencies. The price fluctuations can be both an advantage and a disadvantage for users. On the one hand, it can happen that the paid out coins are worth significantly more than they were at the time of deposit, on the other hand, of course, it is just as possible that the Bitcoin exchange rate drops and you receive significantly less Euros upon payout than you originally invested, even if you actually made a profit with your Bitcoin sports bets.

Bettors who use Bitcoin for other payment transactions apart from sports betting and permanently store coins in their wallet are usually relaxed about the fluctuations in the exchange rate. They think in the long term and usually assume that Bitcoin will gain a lot of importance in the next few years and thus also increase in value. Short-term losses in value are therefore not a problem for these users. For many other users, however, the euro is still the decisive currency, even if they pay their sports bets with Bitcoin.

Best crypto bookmakers

These users would like to avoid losses due to a falling Bitcoin rate. For them, it is advantageous if the betting account is managed in euros, regardless of the selected deposit method. Here, the money is then converted into euros directly after the Bitcoin deposit and only converted back into Bitcoin at the then current rate before a payout. Thus, despite the digital means of payment can ultimately be calculated in euros.

Best btc sportsbook – Are there any fees?

Bitcoin betting providers are also popular because the transaction fees are very low. To be more precise, users can decide for themselves how much money they want to pay the network for carrying out the transaction. Usually, a few cents are enough to ensure a quick execution of the payment process.

The fee paid for the transaction goes to the so-called miners, who use their computing power to ensure that the transactions can be processed and attached to the blockchain as a new block. When paying out the balance on the betting account, the Bitcoin betting provider usually also pays a standard amount of a few cents as a transaction fee. This may be deducted from the amount paid out, but due to the small amount it does not really matter.

Whether further fees are charged for deposits and withdrawals depends on the individual bookmaker and its conditions. In most cases, the deposit is free of charge, and often no fees are charged for the withdrawal either. A transaction with Bitcoin is considered confirmed when it has been verified several times by the network. This is usually the case after about ten minutes.

The higher the mining fee voluntarily paid by the user, the faster the corresponding transaction is processed by the miners. Since deposits are fast and can also be made via smartphone, spontaneous sports betting with Bitcoin is also no problem, for example, if you want to quickly place a live bet during half-time of a soccer match.