
With security and accessibility at its core, it is no wonder that more of you are starting to check out the perks of the Bitcoin betting scene.
We’ve done all we can to provide you with a complete look at how BTC betting works, including insight into the legal side of things. Plus, along the way, we’ve broken down the key attributes that help to set BTC betting sites apart from the pack. You can stick around to find the best betting sites available in July, too.
There is no set law in place that directly prohibits or legalizes crypto betting on a global scale. Instead, you’ll find that the laws and legislation surrounding BTC betting will vary based on your current location.
A number of igaming authorities will now offer licenses to legitimate Bitcoin casinos and sportsbooks, confirming that they have been externally vetted and deemed legal to operate under the igaming header. Access to these licensed platforms will still be prohibited in places like the US; however, in other territories, you may well be able to bet on your favorite sports using Bitcoin today.
Although it is legal to own, purchase, and send in most areas of the world, Bitcoin is still not viewed as legal tender in most areas. However, the security, anonymity, and availability of this digital asset have led to an increased demand for BTC betting sites. You’ll find that we have filled the banners on this page with top BTC betting sites that are deemed legal in your area.
So, although still not the “norm”, there is no doubt betting opportunities are available, and Bitcoin is here to stay. Could we be witnessing the future of the igaming scene?
The first thing you’ll need to consider is whether BTC betting sites are even legal for you to access. This will vary for all of you and can be a little daunting to figure out at first. With this mind, we’ve made sure that we highlight a few of our favorite BTC betting sites in the banners on this page that can be enjoyed by you specifically.
Next, you’ll need to consider whether you already have Bitcoin or if you’ll need to find yourself a sportsbook that allows you to purchase Bitcoin with fiat online. Of course, if you are a long-term HODLer, you’ll simply be able to copy your wallet address and send it over to your sports betting account within a matter of minutes.
That said, you also need to take gas and mining fees into consideration. Dogecoin transactions cost less than 10 cents in most cases, while BTC can climb upwards of $2 depending on blockchain congestion. If you’re a low roller, Dogecoin sports betting is a solid option.
If you’ve spent any amount of time around cryptocurrencies, you’ll know that anonymity is a big thing, too. However, it is important to understand that you will still need to pass relevant security checks before you can create your account. This means that your account and identity aren’t completely anonymous at a legal BTC betting site, but your transaction history will be.
Speed is another factor. If you want a shot at truly near-instant withdrawals, you’ll want to use altcoins over Bitcoin. Litecoin betting is an obvious pick – LTC is about four times faster than BTC because it generates new blocks every 2.5 minutes (Bitcoin takes 10 minutes).
After confirming that you are able to legally visit and bet at a Bitcoin betting site, you’ll also want to review the current crypto betting bonus on offer. Usually, these welcome promotions are turned into packages, allowing you to enjoy a sizable deposit match, a no-deposit match, and even free spins for the online casino as part of a “mega” deal. With such huge promos on the cards, it can be easy to fall into the trap of depositing more than you can afford. We have also found instances where playthrough requirements are significantly higher than the average online sportsbook. That said, the terms are clear and the bonuses are legitimate – it is just a case of figuring out whether it suits your playing style.
Long gone are the days of solely being reliant on traditional banking methods. Now, you’ll find a number of top platforms that allow you to use your digital assets to fund and wager your online betting experience. In this table, we offer a snapshot of what to expect from sportsbooks with BTC and traditional banking methods.
| Bitcoin Betting Sites | Traditional Sportsbooks |
|---|---|
| (Almost) anonymous transactions | Traceable transactions |
| Enhanced security through the blockchain | KYC and verification checks are a legal requirement |
| Huge welcome bonuses and ongoing promotions | Competitive promotions and fair bonus terms |
| Not legalised globally | Must obtain legit licensing to operate legally |
As you can already see, BTC betting sites have plenty of positives. In some instances, many will already outshine traditional betting sites. However, we’re now going to break down the fundamentals of any top-performing Bitcoin betting site in July
Security: We already know that you’ll have the enhanced security of the blockchain to help keep your BTC deposits and withdrawals safe. However, you’ll also want to make sure that your account remains impenetrable throughout.
With this, you’ll find that our reviews are packed with information on specific licenses, the encryption technology used, the verification checks performed, and whether any safer gambling tools are provided.
Accessibility: When it comes to accessing your account, promotions, and betting opportunities, accessibility matters. As things stand, we haven’t come across too many BTC betting sites that have dedicated mobile apps available; however, all of them can still be accessed through your mobile browser.
For the most part, the transition over to mobile play is pretty smooth. Provided you have access to your own Bitcoin wallets on your smart device, you can freely login, deposit, bet, and withdraw within a matter of minutes.
Bonuses: As briefly discussed, the betting bonuses found at a BTC betting sites are often packed together as bonus bundles. This means that you can pick up perks for your first, second, third, and even forth online deposit.
We have found that the very best manage to create a blend of quantity and quality by ensuring that terms are competitive and minimum qualifying limits are in reach. Of course, you can always expect higher maximum limits to be attached with your BTC bonuses, too.
Betting opportunities: The betting opportunities available at a Bitcoin betting site can soon separate the best from the rest. As you would imagine, all major leagues and sports are covered, including the NFL, NHL, NBA, and MLB. However, we’ve seen a huge spike in esports betting opportunities and niche sports across the BTC betting world, too.
Not only will you find a stream of sports covered, but betting opportunities extend far beyond the standard moneylines, spreads, and totals. Nowadays, you will find that you can bet on things like the next map winners, first touchdown scorers, and even enjoy the betting experience in play.
Support: In the early days of BTC betting, support was a bit of a sticking point. Due to the issues surrounding legitimacy and legal betting with Bitcoin, we found that support was often disregarded and considered as a secondary requirement.
Now, you’ll find that the best BTC betting sites have live agents ready and waiting to answer your questions as quickly and reliably as possible. Alternatively, you may find that the team can be accessed through an on-site form or you can even make use of some in-depth FAQs.
Fees: As we found with Ethereum betting sites, additional fees may be charged. This was particularly prevalent in the early stages of BTC betting sites, long before any sponsorships and partnerships were formed.
Now, however, the very best are limiting the amount of extra fees applied to your deposits and withdrawals. Obviously, all transactions will need to pay gas as part of the transactional process anyway; however, it helps to find yourself a site that allows you to take home all of your winnings.
That should have just about covered the key features of a BTC betting site. Now, we want to make sure that you are armed with enough knowledge to help get the most out of your experience.
It may be a tad biased, but we would definitely suggest starting your search with our comparisons. In the banners on this page, we’ve highlighted our favourite places to bet using Bitcoin that are all legal in your area. From here, you can click on the links within these reviews to take you over to the site and get started.
We filter through the terms and conditions, picking out anything that we consider relevant to your sports betting experience. However, these are all subject to change. So, before you dive in, we would always recommend getting familiar with the fine print first.
Many top BTC betting sites will allow you to purchase Bitcoin through a third-party payment provider after joining using your fiat. However, the fees applied will far outweigh those of many top exchanges. As you need to have your own wallet anyway, we would suggest purchasing your Bitcoin before getting started with a BTC betting site.
It is crucial to understand the volatility of cryptocurrency before you start placing your bets. The market is forever fluctuating, meaning your latest bets and potential wins could sky-rocket or crash to the ground at any moment. This added level of volatility is worth knowing before you send any funds over and place any sizable bets.
It may seem like an obvious one, but it helps to stick to what you know before you test strategies on unknown sports and fixtures. The BTC betting scene is forever evolving, so you’ll want to make sure that you have the fundamentals (deposits, building bets, unlocking promos, and withdrawing) down before you start to mix up your betting activity, too.
Armed with all of this knowledge, we suspect you’ll be eager to check out our comparisons and begin searching for your perfect BTC betting site. This step-by-step guide should help to get things moving for you.
Although yet to be globally accepted, there is no doubt that Bitcoin is growing in popularity and accessibility. In turn, BTC betting sites keep opening their virtual doors – our job is to research and review the best Bitcoin betting sites to find you the most compatible experience possible.
To get started, you can check out the banners on this page. Here, you’ll find our latest picks of legal BTC betting sites available in your area. When taking advantage of our comparisons, just remember to consider the terms of any promotions, the unique features, and betting opportunities, as well as the volatility of Bitcoin before getting yourself started.
Bitcoin betting sites work in a very similar way to any other online sportsbooks you may have come across. Of course, you’ll make use of BTC to deposit, bet, and withdraw instead.
As with any crypto transaction, you will send BTC to and from your own wallet to and from your chosen BTC betting site through the blockchain.
Absolutely. One of the many appeals of BTC betting sites is the sheer volume and size of the promotions available. You can check out the banners on this page for some of our latest picks.