Best Bitcoin Sportsbooks & Betting Sites 2023 – Get $5k BTC Free

The Best Bitcoin Sportsbook List 2023

We tested out a lot of Bitcoin sports betting sites, and here we bring you our top 10 bitcoin betting sites for 2023:

1. Lucky Block – #1 Bitcoin Sportsbook in 2023 with deep markets
2. BetOnline – Plenty of Seasonal and Matchday Promos
3. Bovada – Online Bitcoin Sportsbook with Live HD Streaming
4. BC.Game – Great for NFL playoff cryptocurrency betting
5. Everygame – Great for NFL and NCAA football
6. XBet –  Betting site Diverse NFL Markets
7. BetUS – Huge Bonuses for Crypto Deposits
8. MyBookie – Great for Parlay Bets and tips
9. BetNow – Online Sportsbook with Ultra-fast Payouts
10. BUSR – Daily Horse Racing rebates at this crypto betting site

Best Bitcoin Betting Sites USA Reviewed

Let’s take a closer look at 2023‘s 5 best betting websites and sportsbooks that allow cryptocurrencies such as Bitcoin:

1. Lucky Block – #1 Bitcoin Sportsbook in 2023 with Deep Markets

Licensed in Curacao and under the regulation of the Curacao Gaming Control Board, Lucky Block is the best crypto sports betting site for US players Users can perform transactions using fiat currencies, but Lucky Block is primarily aimed at crypto enthusiasts and, as such, allows for deposits and withdrawals using nine coins, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Soldano, and Dogecoin.

Though a newcomer to the crypto betting market, Lucky Block is easily one of the most stylized and well-rounded Bitcoin sportsbooks featured on this list. It’s simple to use, has some great features, and the mobile website works perfectly when betting on the go.

The sportsbook has deep crypto betting markets and covers 30+ sports, with a huge selection of wagering options available and deep in-play betting markets for all of the world’s most popular leagues, including the NFL, NBA, EPL, and MLB. Fancy a break from live sports betting? Lucky Block also has deep esports markets, particularly for NBA2K and FIFA23. Plus, there is a casino with over 6,000 games including a live casino.

Unlike other sites that offer crypto sports betting, Lucky Block incorporates the use of on-site analytics. Click on an upcoming NFL game, for example, to view all the potentially decisive info before placing a wager, including recent performances, in-form players, and historical results.

LuckyBlock has one of the best welcome bonuses around with new players automatically qualifying for a 200% welcome bonus and 50 free spins on Wanted Dead or a Wild at one of the best Bitcoin casinos available online.

The bonus is paid in 10 installments with a maximum of 10,000 EUR available to those who deposit 5,000 EUR (or crypto/fiat equivalent). The offer is valid only on the first deposit made in the casino, with the minimum deposit required 20 EUR.

So for example, a player who deposits 100 EUR will immediately receive free spins and 200 EUR in the bonus bank. And for every €600 you play for (win or loose), you get €20 paid out to your account from the bonus bank, until you have cleared the entire €200.

Bitcoin Bonus
Wagering Requirement
Minimum Deposit
Payout Time

200% Bonus up to 10,000 EUR + 50 Free Spins
6
$20
1 hour

What we like:

• No fees on transactions
• The minimum deposit is $1 or currency equivalence
• No wagering requirement
• Fast registration without KYC
• Incredibly fast payouts
• Live chat available

What we don’t:

• No live-streaming sports

2. BetOnline – Plenty of Seasonal and Matchday Promos

BetOnline is our top pick for betting with Bitcoin in 2023. This betting site carries wagers for more than 20 sports, including all the major US sports leagues, college sports, esports, horse racing, and more. You can also wager on international soccer leagues, rugby matches, and hockey tournaments.

Wagering at this crypto betting site is a seamless experience from start to finish. The platform offers a clean lobby that’s easy to navigate as well as mobile betting apps for iOS and Android. You can add bets to your bet slip with just a click, and there’s a parlay builder tool to help you develop more complex bets.

BetOnline also offers live in-game betting and dozens of prop bets for most matches. The range of bets is hard to beat, and offers many opportunities for enterprising Bitcoin bettors.

BetOnline offers new players a 100% Bitcoin deposit match that’s worth up to $1,000. It comes with a 14X wagering requirement and you must bet on odds of -200 or greater. This crypto gambling site also offers a 25% reload bonus worth up to $250. Plus, you’ll get a 5% boost on all bonus offers when depositing Bitcoin. Use promo code CRYPTO100 to claim your BetOnline welcome bonus today!

Bitcoin Bonus
Wagering Requirement
Minimum Deposit
Payout Time

100% deposit match up to $1,000
14X
$10
48 hours

What we like:

• Wager on more than 20 sports markets
• Betting apps for iOS and Android
• Live in-game betting
• $1,000 Bitcoin welcome bonus

What we don’t:

• No live streaming available

3. Bovada – Online Sportsbook with Live HD Streaming

Bovada is another one of the best crypto gambling sites in the USA. This sportsbook offers wagers on the NFL, the NBA, golf, tennis, motorsports, UFC, soccer, college sports, esports, and much more. You’ll also find some unique sports to bet on at Bovada – like beach volleyball, skiing, and skating – that you won’t see at most other Bitcoin sportsbooks.

One of the key things that makes Bovada stand out is that it’s one of the only crypto betting sites that lets you stream live games in HD quality. You can watch everything from football to soccer to racing on your phone or computer to catch all the action no matter where you are. The live stream is also just a click or tap away from your bet slip, so it’s easy to place live in-game bets as you watch a match unfold.

Bovada offers easy payments for Bitcoin depositors. You can get started with as little as $10 and withdraw as little as $10 at a time. Plus, this betting site pays out the same day you make a request in most cases.

Bovada offers new players a 100% Bitcoin deposit match welcome bonus up to $750. It comes with just a 5X wagering requirement and minimum odds of -200. Use promo code BTCSWB750 to claim your welcome bonus today!

Bitcoin Bonus
Wagering Requirement
Minimum Deposit
Payout Time

100% deposit match up to $750
5X
$10
24 hours

What we like:

• Tons of niche sports to bet on
• Bitcoin withdrawals from just $10
• Stream matches in HD
• $750 Bitcoin welcome bonus

What we don’t:

• Not always the most competitive odds for big games

4. Great for NFL Super Bowl Betting

Accepting more than 50 separate cryptocurrencies, BC.Game is one of the best sportsbooks online to bet with cryptocurrency.  With a flexible cashier and robust interface, the bookie has already established itself as a top crypto-friendly brand. BC.Game was established in 2017 by Betby, which operates under a Curacao license.

Players can explore wagering opportunities on over 45 sports, with a 93.56% average payout. You’ll find staples like basketball, football, and tennis, together with niche sports like squash, Gaelic hurling, and water polo. Popular markets to bet on include Player Specials, Asian Handicaps, Cards, and Corners.

BC.Game’s cashier is powered by Changelly, a top non-custodial crypto exchange. As such, players who don’t own crypto can purchase top coins like LTC, ETH, and BTC using Visa, Mastercard, Apple Pay, Google Pay, and Samsung Pay.

This BTC sportsbook online also features a lot of desirable extras, like the social chat feature that allows players to converse on-site. This is also one of the best sites for betting with cryptocurrency in terms of social media presence, with a vibrant Twitter, Telegram, and Discord presence.

Bitcoin Bonus
Wager Requirement
Minimum Deposit
Payout Time

Up to 5BTC
Wagering amount x 1% x 25%
$30 to $150
Up to 1 day

What we like:

• Fast registration
• High Withdrawal Limits
• Transfer Funds Between Users
• Instantaneous Withdrawals

What we don’t:

• Crypto-Only In-game Wallets

5. Everygame – Crypto Sports Betting Site with Excellent Live Betting Feature

Launched in 1996 Everygame is one the most seasoned crypto sports betting site on our list . The site has deep markets on a wide variety of sports including all the most popular sports in the USA for example Football, Basketball, Baseball, and Hockey.

The design of this crypto sports betting site both on the desktop version and mobile site has been well thought out and provides a smooth betting experience. Features on the page such as  the hottest bets and the bet booster slip located on the right of the page by the bet slip are helpful especially if you are placing parlays as it brings up a list of suggested bets that can help boost your overall odds.

Live betting is an essential feature for any top crypto betting site and Everygame provides one of the best live betting platforms.Their multiview features makes it  incredibly easy to follow multiple live games and the most upto date markets.

A generous welcome bonus of upto $750 is waiting for all new users depositing with any accepted methods including Bitcoin. The bonus is split up into your first three deposits with each one being worth a maximum of $250. Everygame promo codes a variety of other promotions including reloads and a weekly NFL pool which is free to enter.

Bitcoin Bonus
Wagering Requirement
Minimum Deposit
Payout Time

100% deposit match up to $750
8X
$20
24-48 hours

What we like:

• Useful bet booster feature
• Excellent live betting
• Free weekly NFL pool
• Welcome bonus worth up top $750

What we don’t:

• No sports betting crypto specific bonus

6. XBet – Deep NFL Betting Markets

XBet is one of our favorite cryptocurrency sports betting sites for NFL games. This sportsbook lets you not only bet on upcoming games, but also carries tons of prop bets for regular-season matchups and lets you wager live once games are underway. In the off-season, you can place futures bets on the next year’s Super Bowl champion, league MVPs, and more.

XBet also carries wagers for dozens of other sports leagues and has a relatively wide range of esports bets. You’ll find wagers for most CS:GO and League of Legends tournaments at this sportsbook with Bitcoin, plus Starcraft 2. We’ve also found that XBet’s odds for esports are among the most favorable of any betting sites.

XBet offers a handful of bonuses to reward players. For new players, there’s a 100% deposit match bonus worth up to $500. It comes with just a 7X wagering requirement and minimum odds of -200. The sportsbook also offers a 25% reload bonus up to $250 every time you add Bitcoin to your account.

Finally, for crypto betting on horse racing, XBet offers 7% back on every bet at qualified tracks. There’s no promo code required to claim your XBet welcome bonus – just sign up to get started.

Bitcoin Bonus
Wagering Requirement
Minimum Deposit
Payout Time

100% deposit match up to $500
7X
$25
24-48 hours

What we like:

• Supports NFL futures betting
• Wide range of esports bets
• 7% rebate on most horse race wagers
• Welcome bonus worth up top $500

What we don’t:

• Doesn’t offer extra bonuses for Bitcoin deposits

7. BetUS – Huge Bonuses for Crypto Deposits

BetUS offers some of the most lucrative bonuses for those who are frequently cryptocurrency betting. To start, this sports betting site gives new players a 100% deposit match worth up to $2,500 – more than twice the value of most other Bitcoin welcome bonus offers we’ve seen. The wagering requirement is just 10X and there is no minimum odds requirement to worry about.

On top of that, BetUS will give you another 100% deposit match up to $2,500 on your first two account reloads with Bitcoin. After that, players qualify for a 50% reload crypto bonus on every Bitcoin deposit with a 5X wagering requirement. In all, BetUS’s bonus offers can easily top $10,000. This betting site also makes our best high limit sportsbooks list as it allows for high stake bets.

BetUS makes it easy to put your bonus cash to work with a huge range of available wagers. You can bet on more than 22 different sports markets, including all the major US leagues, college sports, and esports. BetUS also accepts parlays and live in-game bets, although the platform doesn’t have live streaming or a parlay builder tool.

The BetUS site is easy to navigate and is designed to be mobile-friendly, making it simple to place wagers from anywhere on your smartphone.

Use promo code SU100CRYPT to claim your BetUS welcome bonus today!

Bitcoin Bonus
Wagering Requirement
Minimum Deposit
Payout Time

100% deposit match up to $2,500
10X
$10
24 hours

What we like:

• 3X $2,500 Bitcoin deposit bonuses
• 50% reload bonus on all additional Bitcoin deposits
• Huge range of sports and parlay bets
• Excellent user interface with mobile-friendly site

What we don’t:

• No parlay builder tools

8. MyBookie – Best Bitcoin Sportsbooks for Parlay Bets

MyBookie is the best crypto sports betting site for placing complex multi-line bets with potentially huge payouts. That’s because the sportsbook accepts not only traditional parlays, but also teasers and if bets for most wagers. You can also customize your parlays with an odds boost to raise the stakes even higher.

MyBookie offers 18 sports markets for betting and is one of the top Bitcoin football betting sites. You can wager on not only the NFL, but also college football, Canadian football, and Aussie rules football. Of course, the platform also carries bets for the other major US sports leagues like the NBA, NHL, and MLB, plus soccer, tennis, golf, boxing, motorsports, and horse racing.

MyBookie says it makes Bitcoin payouts in under 2 days, although in our experience withdrawals only took a few hours. However, keep in mind that all funds must be wagered at least once before they can be withdrawn, and you can only request one Bitcoin withdrawal per week (up to $5,000).

MyBookie offers a 100% Bitcoin deposit match bonus worth up to $1,000 for new players. It comes with a 10X wagering requirement and you must bet on odds of at least -250. You can also claim a 25% reload bonus up to $500 on all subsequent Bitcoin deposits. Use promo code MYB100 to claim your MyBookie welcome bonus today!

Bitcoin Bonus
Wagering Requirement
Minimum Deposit
Payout Time

100% deposit match up to $1,000
10X
$25
48 hours

What we like:

• Lots of odds boosts
• Wide range of soccer leagues
• Generous bonus deals
• Very fast Bitcoin payouts

What we don’t:

• Limited to one Bitcoin withdrawal per week

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Best BTC Sports Betting Sites Comparison

Now that you’ve read more about the top BTC betting sites, let’s see how these platforms stack up against one another:

Sportsbook
Welcome Bonus
Number of Sports Markets
Live Betting
Bitcoin Denomination
Minimum Deposit
Payout Time
Lucky Block
200% Bonus up to 10,000 EUR + 50 Free Spins
32
Yes
Satoshis
$1
1 hour

BetOnline
100% deposit match up to $1,000
20
Yes
Satoshis
$10
48 hours

Bovada
100% Bitcoin deposit match up to $750
22
Yes
Satoshis
$10
24 hours

BC.Game
100% deposit match up to $1,000
35
Yes
Satoshis
around $5
1 hour

Everygame
100% deposit match up to $500
17
Yes
Satoshis
$20
48 hours

XBet
100% deposit match up to $500
21
Yes
Microbitcoin
$25
24-48 hours

BetUS
100% deposit match up to $2,500
22
Yes
Microbitcoin
$10
24 hours

MyBookie
100% deposit match up to $1,000
18
Yes
Satoshis
$25
48 hours

BetNow
100% deposit match up to $500
10
Yes
Microbitcoin
$20
24 hours

BUSR
150% deposit match up to $2,500
17
Yes
Microbitcoin
$100
5-7 days

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How We Select the Best Bitcoin Betting Sites

When comparing online sportsbooks that accept Bitcoin, there are a lot of different factors we consider. Here are some of the most important things we look for when choosing the top Bitcoin sportsbooks:

Secure Bitcoin Payments

For us to recommend a sportsbook, we need to be absolutely sure that payments to and from the site are absolutely secure. All of the sites we reviewed use top-tier encryption and other measures to ensure payments are safe.

Fast Deposits & Withdrawals

One of the key advantages to using crypto at a sportsbook to wager on sports is that Bitcoin payments are fast. So, we look for Bitcoin betting sites that can deliver payouts in under 48 hours in most cases. Some of the leading sports betting sites, like Bovada and BetUS, can pay out the same day you request a withdrawal.

Bitcoin Bonuses & Promos

Many crypto sports betting sites offer bigger welcome bonuses and exclusive promotions for players who deposit Bitcoin. These can add up to a lot of money – for example, BetUS offers new players up to $2,500 in free cash.

Low Bitcoin Banking Fees

The top betting sites won’t charge extraneous fees when you deposit and withdraw Bitcoin. In fact, most of the sites we reviewed don’t charge any deposit or withdrawal fees at all when using Bitcoin.

Fair Deposit & Withdrawal Limits

Minimum deposit and withdrawal limits can be an unnecessary barrier to betting on sports. Top sites that accept Bitcoin keep deposit limits low – typically under $25 – and let you withdraw as little as $10 at a time.

Wide Range of Bitcoin Betting Markets

The range of sports you can bet on and the types of wagers you can place are also major considerations in our sportsbook reviews. We prioritize Bitcoin sportsbooks that offer wagers on all the major US leagues, plus college sports, horse racing, and esports.

Good Betting Features & Resources

The best Bitcoin sportsbooks do more than just take wagers and make payouts. They also give you tools like calculators and parlay builders, plus offer analysis and insights into upcoming games to help you wager. For example, MyBookie has a terrific parlay builder that can help you create custom bets.

The Recent Growth of Bitcoin Sports Gambling

Since 2018 the number of Bitcoin sports gambling sites has continued to increase at a rapid pace. Nowadays, almost all reputable online sportsbooks have Bitcoin as a payment option, and many new sportsbooks that have been launched in the last two years are explicitly geared toward crypto gambling.

In 2022 crypto betting increased by over 35% from the previous year, and 2023 is likely to see a similar increase. If this trend continues, it will not be too long before the majority of online gambling is done via cryptocurrency.

Future of BTC Sports Betting Websites

The future looks bright for Bitcoin sportsbooks. Players seem to enjoy the anonymity and fast transactions when betting online, as well as the higher bonuses on offer for crypto deposits thanks to the decrease in banking charges incurred by the sportsbook. Cutting out banking regulatory bodies also means that the majority of crypto sportsbooks are able to offer their services to players in all corners of the globe, so it certainly doesn’t seem like bitcoin sportsbooks will be slowing up any time soon!

To play the contrarian slightly, it is likely that sooner or later regulatory bodies do catch up with some of these offshore sportsbooks that accept Bitcoin and begin to demand increased KYC procedures, etc. in order to stamp out things like money laundering and perhaps to increase taxable income within their country’s borders. But, for the minute, enjoy betting online with crypto for what it is: a fast, anonymous, potentially lucrative way to bet from anywhere on the planet.

Benefits of Using a Bitcoin Sportsbook

There are several key advantages to crypto betting as opposed to cash. Below we have listed a few of the main benefits of sports betting with crypto.

Fast Withdrawals

The number one reason to use Bitcoin to bet on sports is that Bitcoin payments are instantaneous. This means that when you’re funding your account, you can start betting right after making a deposit. When requesting a withdrawal, you can get paid out in 24-48 hours in most cases. Some online sports betting sites, like MyBookie and Bovada, offer same-day payouts in Bitcoin.

That’s a big difference from how payouts work with US dollars. In many cases, when you request a withdrawal to a debit or credit card or to your bank account, you could be waiting days to receive your money.

Decentralized Network

Bitcoin operates on a decentralized blockchain network, which lends an extra layer of security to all of your transactions. Since all deposits to and withdrawals from a sportsbook with Bitcoin are visible on the Bitcoin blockchain, there’s never a question of where your money is or how much was paid out. That keeps your sportsbook more accountable and increases trust in the payment process.

Anonymous Deposits

Another advantage of betting cryptocurrency is that it’s completely anonymous, unlike a bank account or credit card transfers. That’s a huge benefit for any sports bettors who want to stay anonymous, and it increases the safety of playing with an offshore sportsbook – which isn’t legal in most US states.

Investment Potential

Bitcoin is used by many people as an investment – after all, the price of the coin has mostly gone up since it was first created 10 years ago, and many experts believe it could be worth even more in the future. When you are crypto sports betting and get paid out in Bitcoin, you can stay invested in the coin even as you wager. There’s never a need to cash out your Bitcoin to US dollars and potentially miss out on returns.

Extra Bonuses

Many Bitcoin sportsbooks offer extra bonuses for players who deposit Bitcoin as opposed to dollars. For example, MyBookie gives all Bitcoin bettors a 5% boost on top of their existing deposit bonuses. At BetOnline, Bitcoin deposits qualify for a 100% deposit match welcome bonus, while cash deposits only qualify for a 50% match.

Bitcoin Betting Bonuses

A key thing to look for when searching for the best bitcoin sportsbook is a generous welcome bonus. Many of the top crypto sportsbooks offer welcome bonuses and ongoing promotions for players who deposit Bitcoin. These bonuses can add up to a lot of money. In this next section, we take a look at the types of bonuses on offer at the best bitcoin sportsbooks:

Matched Deposits

Every Bitcoin sportsbook featured on this page provides a matched deposit welcome bonus, ranging from XBet’s 50% up to $500 to BetUS’s 100% up to $2,500, and everything in between. BetOnline’s 50% up to $1,000 welcome offer, for instance, means that – at the high end – you can deposit $2,000 and get $1,000 in free bets.

Reloads

This promotional offer is quite widespread and works similarly to the deposit match welcome offer. Effectively, the sportsbook will match your subsequent deposits up to a percentage. At MyBookie, for instance, you can use the Reload promotion to get an additional 25% added to your deposit, so deposit $100 and get $25 in free bets, and so on.

Free Bets

Not as common at offshore bitcoin sportsbooks as we might like, nonetheless, free bets do occasionally make an appearance during pivotal moments of a sporting season: the NBA Finals, Soccer World Cup, Super Bowl, etc. Here, the betting site will allow you to bet on a line free of charge and keep the winnings up to a capped amount.

Risk-free Bets

More commonly found at Bitcoin sportsbooks are risk-free bets. Here, you can wager a pre-determined amount on a select line, and, should the bet fail, you get the value of the stake back. BetOnline, for instance, offers risk-free bets of up to $25 on both the live betting and prop wagering markets.

Bonus Comparison at the Best Bitcoin Sportsbooks

Let’s take a look at the Bitcoin welcome bonus offers at each of the top 10 best crypto betting sites:

Sportsbook
Bitcoin Welcome Bonus
Promo Code
Wagering Requirement
Lucky Block
200% Bonus up to 10,000 EUR + 50 Free Spins
N/A
6x per 10%

BetOnline
100% deposit match up to $1,000
CRYPTO100
14X

Bovada
100% Bitcoin deposit match up to $750
BTCSWB750
5X

BC.Game
5 BTC + Up To 180% 1st Deposit Bonus
NEWBONUS
Amount x 1% x 25%

Everygame 
100% deposit match up to $500
INSIDERS
8X

XBet
100% deposit match up to $500
Not required
7X

BetUS
100% sportsbook deposit match up to $2,500
SU100CRYPT
10X

MyBookie
100% deposit match up to $1,000
MYB100
10X

BetNow
100% deposit match up to $500
BN100
15X

BUSR
20% deposit match up to $500
WELCOME20
5X

Is Bitcoin Betting Legal in the US?

Whether or not Bitcoin betting is legal depends on what state you’re in. Around 27 states have legalized online sports betting, and wagering with Bitcoin is legal in most of these states. However, some states limit what betting sites are allowed to operate, and the legal sites may not accept Bitcoin.

In these states and in states where online sports betting & bitcoin betting isn’t legal, you can still wager on sports with an offshore betting site. Offshore betting sites aren’t legal to bet within the US, but enforcement has historically been lax. Most offshore betting sites accept Bitcoin for deposits and withdrawals, and top crypto sports betting websites like the ones we reviewed are generally quite safe.

Most Popular Sports to Bet on with Crypto

Using crypto to bet on sports has never been easier and bettors have a multitude of options on what Bitcoin sportsbooks to use. The top sports betting sites that accept cryptocurrency usually offer 25+ sports, and some even have more than 50. But below, we will look at a few of the most popular sports and bet types available at crypto gambling sites.

NFL Crypto Betting

Football is the most popular sport in the USA and continues to grow in popularity around the globe, and the NFL is the premier football league in the world. Popular wager types on the NFL are the moneyline, spread betting, prop bets, and parlays.

NBA Crypto Betting

Betting on the NBA with crypto is simple and convenient. The most common bets for NBA are betting on the outright winner, spread betting, and totals.

NHL Crypto Betting

When it comes to NHL and hockey betting, the most popular forms of crypto bets are puck lines, outright winner, and prop bets.

UFC Crypto Betting

The UFC (Ultimate Fighting Championship) is the most famous mixed martial arts competition and has the biggest names in the sport. When betting on UFC with crypto, the most popular bets are the moneyline, round betting, and total rounds.

MLB Crypto Betting

The increased options presented by crypto gambling have prompted many more baseball fans to bet on their favorite sport. The most widely used bet types on baseball are the runline and totals

Crypto Cricket Betting

The top Bitcoin sportsbooks that offer crypto cricket betting have a myriad of different lines on cricket matches. The most popular bet types depend on if it is a test match, a one-day match, or a twenty20 match.

Bitcoin Betting Apps

Many of the best betting sites now offer mobile apps and mobile-friendly sites so you can place bets from your smartphone. These apps offer the same features as you’d find on a desktop, and in some cases they can provide an even more seamless betting experience.

For example, with the MyBookie mobile site, you can simply tap on wagers to add them to your bet slip instantly. You can also make deposits and request a Bitcoin withdrawal using sportsbooks’ mobile betting apps.

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Bitcoin Denominations at Online Sportsbooks

Bitcoin is available in several different denominations, which is necessary since 1 Bitcoin is worth more than $50,000.

The most common denomination you’ll see used by sports betting that has Bitcoin as a payment method is the Satoshi, which is worth one-one hundred-millionths of a Bitcoin – or around $0.0005 apiece. This is the smallest denomination of Bitcoin available.

Some Bitcoin sportsbooks like BetNow and BUSR instead use millibitcoins, which are worth one millionth of a Bitcoin – or around $0.05 apiece.

Where to Buy Bitcoin for Betting

If you want to start using cryptocurrency to bet but don’t already own Bitcoin, you will need to buy coins before you can make a deposit. The easiest way to get Bitcoin is to use a cryptocurrency exchange. Crypto exchanges let you change US dollars for Bitcoin at the current exchange rate for a small fee. Many top options even let you buy Bitcoin with a credit or debit card.

We recommend using eToro to buy Bitcoin for betting. eToro makes it easy to set up a new exchange account in minutes and you only need to deposit $50 to get started. Even better, eToro charges a low, fixed fee of just 0.75% for changing USD to Bitcoin – a bargain compared to some other Bitcoin exchanges.

What are the Pros & Cons of Bitcoin Betting vs Traditional Betting?

The simple fact of the matter is that whether it’s enhanced bonuses or online anonymity, netizens are likely to get a lot more out of sports betting with crypto sportsbooks than they are by ignoring them altogether. However, there are drawbacks, too. Hence, in this next section, we assess the pros and cons of betting using crypto.

Benefits of Bitcoin Betting Sites

From financial privacy to superior bonuses, take a look at the biggest advantages to sports betting with crypto below:

1. Financial privacy

Many of the best Bitcoin betting sites can offer total privacy if you deposit using cryptocurrency, and some can even keep you completely anonymous. This means that you can keep your online gambling activity hidden from banks, credit rating agencies, and other unwanted prying eyes.

2. Low fees & Faster Transaction Speeds

Bitcoin sportsbooks don’t tend to impose fees – and even when they do, they are minuscule in comparison to the types of fees charged at traditional sportsbooks for credit card deposits/withdrawals, etc. Further to this, transferring your cash using Bitcoin (and other cryptos) is a lot faster than when using fiat currencies, with withdrawals often taking less than an hour (compared to 24-72 hours when using cards/transfers, etc.).

3. Play from Anywhere in the World

Due to the strict regulations that face every online gambling site in the modern landscape, it can be tough for sportsbooks to gain licenses in every country, globally. This means that a particular sportsbook may struggle to offer fiat banking options to you in your country of residence. Betting using crypto eliminates this potential issue since players can transact using bitcoin internationally.

4. Superior Bonuses

Because making deposits using crypto eliminates credit card and chargeback fees, it’s common to see better welcome bonuses on offer for those who deposit using bitcoin. Take Bovada Sportsbook, for instance: here, the fiat sports welcome bonus is $250 while the crypto sports welcome is $750.

Drawbacks of Bitcoin Betting Sites

Despite the obvious advantages of using crypto when betting at online sportsbooks, there are a number of drawbacks too. To give our readers a balanced understanding, we’ve included a list of potential cons below:

1. Lack of Regulation

When you transact using fiat currencies online, the sportsbook has to stick to KYC/AML regulations, meaning authorities are better able to follow and regulate the money stream from your account to the sportsbook and back again.

Depositing and withdrawing using crypto makes it much harder for your local regulatory authority to track the movement of your funds. To be clear – each site featured on this page is 100% safe and verified, so the lack of regulation shouldn’t be an issue. Taking a punt on another crypto sportsbook, however, could cause problems. It could be tough to get your money back should that site be proven to operate without a license or hold out on pay-outs, etc.

2. No Chargeback

If ever a player should feel hard scammed out of funds when using credit/debit cards at online sportsbooks, it’s usually possible to request a chargeback to reclaim your lost cash.

Betting using bitcoin, on the other hand, eliminates the ability to recoup via a chargeback since crypto transactions are largely unregulated. It’s easy to avoid issues by sticking with the sites listed on this page since you won’t ever need to claim a chargeback.

3. Volatility

Bitcoin is a volatile currency, meaning its value has the potential to shoot up and down rapidly in line with general market sentiment.

On the one hand, this could work out really well for a bettor: if you were cashing out or depositing coin at the peak of Bitcoin’s powers in late-2021, for instance, 1 BTC equated to over $60,000. At its lowest, however, 1 BTC was worth just $16,788 early in 2022. In short, it pays to keep an eye on the markets when betting using crypto – and we appreciate that not every online gambler has the time/inclination to do this.

Using a Bitcoin Wallet

In order to hold Bitcoin before making a deposit to a betting site or to receive payouts, you’ll need a Bitcoin wallet. A Bitcoin wallet is a lot like a bank account, but for Bitcoin – it’s a safe place where you can store your cryptocurrency and a hub for making payments.

There are dozens of different Bitcoin wallets available for you to use. We recommend eToro’s Bitcoin wallet because it offers excellent security and a user-friendly interface. With the eToro wallet, which is available for iOS and Android, you can take your Bitcoin with you wherever you go and easily transfer money to and from a crypto sportsbook.

Other Crypto Betting Methods

Bitcoin isn’t the only cryptocurrency you can use to wager on sports. Many top crypto betting sites also accept altcoins like Ethereum, Dogecoin, Litecoin, and Bitcoin Cash. MyBookie, for example, even accepts deposits in Stellar or USD Coin.

Some of the advantages of using a crypto sportsbook are also true for these other cryptocurrencies. For example, any cryptocurrency offers anonymous payments, investment potential, and fast deposits and withdrawals.

However, Bitcoin sports betting is one of the best options for betting because the value of Bitcoin is more stable than the value of most altcoins. In addition, when crypto betting, you have more options for what platform to bet with – almost all major sportsbooks accept Bitcoin, whereas not every platform accepts other cryptocurrencies.

The only real downside to using Bitcoin is that making transactions over the Bitcoin blockchain can be expensive. An average Bitcoin transaction costs $10 – this fee is charged by the Bitcoin network itself, not your betting site. So, you’ll pay this charge both when you make a deposit and when you request a payout. Other cryptocurrencies, like Ripple and Litecoin, have much lower blockchain transaction fees.

How to use Bitcoin for Sports Betting

Ready to start wagering with a sportsbook? We’ll show you how to get started with BetOnline, which offers a huge range of betting markets, a seamless desktop, and mobile experience, and a $1,000 welcome bonus for new players.

Step 1: Create a Bitcoin Wallet

The first thing you need to do to do when BTC betting is to set up a Bitcoin wallet. We recommend using eToro’s free mobile wallet, which you can set up in seconds. Just head to eToro’s website to download the app and create your wallet account.

Step 2: Buy Bitcoin

Now that you have a wallet, you can use eToro’s cryptocurrency exchange to buy coin to add to your Bitcoin sportsbook. You can buy as little as $50 worth of Bitcoin, and eToro has some of the lowest transaction fees of any major exchange.

Just click the ‘Cryptocurrency’ tab in the eToro dashboard to find Bitcoin, and then click ‘Trade.’ Enter the amount of Bitcoin you want to buy and click ‘Open Trade.’ 

Step 3: Sign Up for BetOnline

Now that you own Bitcoin, it’s time to move over to BetOnline. Head to the betting site and click ‘Join’ to open a new sports betting account. In the registration box that appears, enter your name, email, phone number, and password.

Step 4: Select Your Deposit Method

The next step is to deposit Bitcoin into your new BetOnline betting account. To get started, select ‘Cryptocurrency’ as your deposit method and then select Bitcoin. Then enter the amount (in US dollars) that you want to deposit.

Step 5: Send Bitcoin

Once you’ve chosen Bitcoin as your deposit method, BetOnline will display the number of Bitcoin you need to send based on your selected deposit amount and the wallet address where you can send it. Copy this wallet address into your Bitcoin wallet to initiate your deposit. Once you send the funds, they should appear in your BetOnline account instantly.

Step 6: Start Betting at your Bitcoin Sportsbook

With your sports betting account funded, you’re ready to start cryptocurrency betting. Head to the BetOnline lobby to see popular bets, or choose a specific sports league to see all upcoming games. When you find a wager you like, simply click on it to add it to your bet slip. Then decide how much you want to wager and click ‘Place Bets’ to make your first bet with crypto.

Read More About Crypto Casinos in Our Guides

Conclusion

Crypto betting sites make it easy to wager on your favorite sports using cryptocurrency instead of dollars. That comes with advantages like ultra-fast deposits and withdrawals, complete anonymity, and even exclusive bonus offers.

Ready to get started with the best BTC sports betting platform? Lucky Block Sportsbook offers diverse sports markets to wager on with Bitcoin and has some of the most competitive odds. In addition, they have rapid payouts with Bitcoin taking only around 1 hour. Get started today!

FAQs

How do you use Bitcoin for sports betting?

You can use Bitcoin to bet on sports just like you would use US dollars. Just sign up for a sportsbook that has crypto betting and make a deposit in Bitcoin. Then choose a wager and place a bet in Bitcoin.

Can you bet on sports with Bitcoin?

Yes, you can bet on sports with Bitcoin. Many top online sportsbooks accept Bitcoin and other cryptocurrencies for deposits with no fees.

What is the best Bitcoin sports betting site?

We think BetOnline is the best BTC betting site in 2023. This crypto sportsbook offers more than 20 sports markets, live in-game betting, a seamless user experience, plus,a 50% Bitcoin deposit match welcome bonus. It’s also one of the best Ethereum sports betting sites as well as multiple other cryptocurrencies

Is it legal to bet with Bitcoin?

Bitcoin sports betting is legal in some states, but not others. Around 27 states have legalized sports betting, and many of these allow online Bitcoin sportsbooks. In other states, offshore sportsbooks accept Bitcoin.

What sportsbooks accept Bitcoin?

Some of the best betting sites that accept Bitcoin include BetOnline, Bovada, MyBookie, BetUS, and XBet.

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