Best Bitcoin Setting Sites 2023 – Get Free BTC Bonus at Top Bitcoin Sportsbooks

The best Bitcoin betting sites let you wager on football, basketball, and other popular sports using the world’s No.1 cryptocurrency. Betting with Bitcoin offers a number of potential advantages, including the ability to gamble anonymously and claim unique crypto-focused promotions.

Here, we review the 10 best Bitcoin sportsbooks and betting sites in 2023. In addition, our industry expert will cover everything you need to know when it comes to using Bitcoin to place bets online.

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  • Telegram Betting

200% Bonus up to $10,000 + 50 Free Spins

200% Bonus up to $10,000 + 50 Free Spins

  • Over 6,000 games
  • VIP / High Roller Bonuses
  • Free Daily Jackpot Entry
5 Stars Lucky Block
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Terms and conditions apply, 18 and above

200% Bonus up to 1BTC + 50 Free Spins  

200% Bonus up to 1BTC + 50 Free Spins  

  • Newly launched crypto casino & bookmaker
  • World's First Licensed Telegram Casino
  • Anonymous casino, instant withdrawals & VIP bonus scheme
5 Stars Mega Dice
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Get INSTANT 200% deposit bonus up-to 10ETH

Get INSTANT 200% deposit bonus up-to 10ETH

  • Newly launched no KYC Telegram casino & sportsbook
  • Offers $TGC token + unique high roller rewards
  • Play all casino classics instantly via Telegram
5 Stars TG Casino
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Get a 50% Bonus up to $1000 when joining BetOnline

Get a 50% Bonus up to $1000 when joining BetOnline

  • Huge Range of Sports Markets
  • Live In-Game Betting
  • $1,000 Welcome Bonus
5 Stars BetOnline
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T&Cs Apply

75% Crypto Deposit Bonus up to $750

75% Crypto Deposit Bonus up to $750

  • HD Quality Live Streaming
  • Accepts Major Cryptocurrencies
  • Top Parlay Builder
4.5 Stars Bovada
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T&Cs Apply

First deposit bonus up to 180% and 1 BTC

First deposit bonus up to 180% and 1 BTC

  • Wide variety of sports and games
  • Easy betting interface
  • Great odds & weekly bonuses
4.5 Stars USA
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No wagering requirements. T@C's apply. 18+

50% Up To $1,000 Crypto Welcome Bonus

50% Up To $1,000 Crypto Welcome Bonus

  • Massive Progressive Jackpots
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4.5 Stars Everygame
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Bet $1000 and Get $1250 when Joining BetUS

Bet $1000 and Get $1250 when Joining BetUS

  • Biggest Bonus Offering
  • Parlay Builder For Complex Bets
  • 24/7 Customer Support
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T&Cs Apply

Join MyBookie and get a 50% Bonus up to $1000

Join MyBookie and get a 50% Bonus up to $1000

  • Top Contests & Promotions
  • Supports parlays, teasers and if bets
  • $1,000 Welcome Bonus
5 Stars MyBookie
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T&Cs Apply

200% up to $200 Welcome Bonus

200% up to $200 Welcome Bonus

  • Best Reload Bonus
  • In-Play Betting
  • 10% Weekly Rebate on Horse Racing
4 Stars BetNow
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Minimum deposit applied of $10. Maximum bonus is capped at $200. Wager requirements: 20x rollover.
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The Best Bitcoin Sportsbook List 2023

We tested out a range 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. Mega Dice – Top anonymous sportsbook; available on Telegram
  3. TG Casino – Exclusively available via Telegram; up to 10 ETH welcome bonus
  4. BetOnline – Plenty of seasonal and matchday promos; new VIP program
  5. Bovada – Online Bitcoin sportsbook with live HD streaming
  6. BC.Game – Great for NFL playoff cryptocurrency betting
  7. Everygame – Bitcoin sports betting site with several parlay bonuses
  8. BetUS – Huge bonuses for crypto depositors at the sportsbook and casino
  9. MyBookie – Great for parlay bets and tips
  10. XBet –  Betting site with diverse NFL markets and exclusive comps

Best Bitcoin Betting Sites USA Reviewed

Let’s take a closer look at 2023‘s 10 best betting websites and sportsbooks that allow cryptocurrencies such as Bitcoin:

1. Lucky Block – #1 Bitcoin Sportsbook in 2023 & Available on Telegram

Lucky Block - a top Bitcoin betting site

Lucky Block has held a Curacao license since 2022 and is a crypto-only sportsbook. It provides rapid Bitcoin transactions, zero KYC hassles during registration, and is available to use on Telegram. If you are looking to anonymously wager on sports using Bitcoin, this is the best place to do it. The only downside is that US-based customers will need to use a VPN to gain access.

When it comes to sports betting, Lucky Block provides much the same features and markets as you would expect to find at a native US sportsbook. This includes team logos for all the major league teams and a huge range of betting markets encompassing standard lines, futures, and live betting. Regular and Same Game Parlays are also available – add enough legs to your bet slip, and Lucky Block will automatically boost the value of your wager.

Live betting is a particular highlight. Lucky Block is a new sportsbook, so the in-play graphics are above average; select live streaming is available for the more obscure sports markets and esports, and you can view in-depth team/player statistics before and during games.

Besides Bitcoin, there are dozens of other cryptos that players can use to transact on the site, including Ethereum, Dogecoin, and Litecoin. Transaction speeds are rapid, with withdrawals usually taking minutes to land in your account, and charges – except for very light mining fees – are almost non-existent. Sign up with Lucky Block today to claim a 200% deposit match welcome bonus.

Bitcoin Bonus Wagering Requirement Minimum Deposit Payout Time
200% Bonus up to 10,000 EUR + 50 Free Spins 6x per 10% $20 1 hour

What we like:

  • No fees on transactions
  • Access the platform via Telegram
  • Live sports betting and streaming are available
  • Interact with blockchain via Metamask and trust wallet
  • Rapid, completely anonymous Web 3 deposits and withdrawals

What we don’t:

  • No live-streaming sports

2. Mega Dice – Top Anonymous Sportsbook

Mega Dice sports

Introduced in 2023 and granted a license in Curacao, Mega Dice has rapidly cemented its position as a top-notch sportsbook in the field. It is the first sportsbook to harness Telegram robots to bring online casino gaming to over 700 million users on the messaging app. Players just need to go to, click “Start,” and then fund their accounts using crypto.

There are around 30 sports to wager on in total, including US staples like basketball, football, ice hockey, and baseball, plus international sporting events, such as Gaelic football, snooker, and rugby. Esports fans will also enjoy the site since it has dozens of markets, including FIFA and NBA2K, plus select live streaming of games each day. A stacked casino featuring thousands of slots and popular table games is also available at the click of a button.

The cashier allows for a diverse range of payment options but is especially appealing to crypto enthusiasts due to its acceptance of more than eight cryptocurrencies. These include Bitcoin, Dogecoin, Litecoin, and Ethereum. Additionally, crypto transactions do not incur any fees, and the payout process is exceptionally fast, often finalized within seconds. Should you encounter any issues when banking or betting, live chat support is available around the clock.

Newcomers to Mega Dice can claim a 200% deposit match worth up to 1BTC. Casino players can also look forward to 50 free spins on select slots. For ongoing customers, additional promotions are available. These include weekly reload bonuses and a loyalty scheme. To stay updated on the platform’s latest promos, make sure to follow Mega Dice on X.

Bitcoin Bonus Wagering Requirement Minimum Deposit Payout Time
200% Bonus up to 1BTC + 50 Free Spins 6x per 10% $20 1 hour

What we like:

  • Instant payouts
  • Fully anonymous gambling
  • Speedy registration with no KYC
  • A diverse range of sports
  • Excellent esports markets
  • Live chat available

What we don’t:

  • No horse racing

3. TG Casino – Huge 10 ETH Welcome Offer

tg casino - bitcoin sports betting site

The newest bitcoin sports betting site to make the list, TG Casino is licensed in Curacao and operates exclusively on Telegram. Using the anonymous messaging app, players can wager on 25+ sports markets and transact rapidly using Bitcoin, Ethereum, Litecoin, BNB, Doge, and several other coins.

Available sports betting markets include all of the US major leagues, plus dozens of Eurocentric sports, including soccer, rugby, and cricket. The market selection runs deep. Expect to find regular game lines (moneyline, spread, total points), plus a huge selection of prop betting options and futures for the biggest sporting events. The live betting arena is slick and modern, with plenty of statistics on hand to help you create smarter wagers.

In addition to the sports wagering options, TG Casino features an in-built casino with hundreds of games from the industry’s top developers, including Hacksaw Gaming. When playing at the casino, players can also transact using $TGC, which is the platform’s own token. $TGC works on a buyback scheme and goes up in value in accordance with the casino’s profits.

Sign up with TG Casino today to claim a huge welcome offer that’s worth up to 10 ETH.

Bitcoin Bonus Wagering Requirement Minimum Deposit Payout Time
200% up to 10 ETH 40x 0.0001 BTC Instant

What we like:

  • Wager anonymously on Telegram
  • Rapid withdrawals
  • Low minimum deposit of just 0.0001 BTC
  • 5 ETH welcome bonus
  • Huge range of sports/markets

What we don’t:

  • High rollover requirement on welcome bonus

4. BetOnline – Plenty of Seasonal and Matchday Promos

BetOnline Homepage

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, which features live streaming 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 of up to $1,000. It comes with an achievable 14x wagering requirement, and you must bet on odds of -200 or greater. You can also claim a 25% reload bonus worth $250. Plus, you’ll get a 5% boost on all bonus offers when depositing Bitcoin. Use the BetOnline promo code CRYPTO100 to claim your 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

5. Bovada – Online Sportsbook with Live HD Streaming

Bovada homepage

Bovada is another of the best crypto sports betting sites in the USA. It offers wagers on the NFL, the NBA, golf, tennis, motorsports, UFC, soccer, college sports, esports, and 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 why Bovada compares well against other bookies is that it’s one of the only crypto gaming 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 make deposits and withdrawals for 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 of up to $750. It comes with just a 5x wagering requirement and minimum odds of -200. Use the Bovada promo code BTCSWB750 to claim your welcome bonus today!

Bitcoin Bonus Wagering Requirement Minimum Deposit Payout Time
75% 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

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Best BTC 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:

Bitcoin Sportsbook Welcome Promotion Number of Sports Markets In play 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
Mega Dice 200% Bonus up to 1BTC + 50 Free Spins 30+ Yes Satoshis $1 1 hour
BetOnline 50% deposit match up to $1,000 27 Yes Satoshis $10 48 hours
TG Casino 200% up to 10 ETH 25+ Yes Satoshis 0.0001 BTC Instant
Bovada Bitcoin deposit match up to $750 21 Yes Satoshis $10 24 hours
BC.Game First deposit bonus up to 180% and 1BTC 35 Yes Satoshis around $5 1 hour
Everygame 50% deposit match up to $1,000 17 Yes Satoshis $20 48 hours
BetUS Bet $1,000 and get $1,250 for new players 22 Yes Microbitcoin $10 24 hours
MyBookie 50% deposit match up to $1,000 18 Yes Satoshis $25 48 hours
BetNow 200% deposit match up to $200 10 Yes Microbitcoin $20 24 hours

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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 and ranking the top Bitcoin sportsbooks:

sports lens rating stars

  • 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. Our team checks the offers listed on each platform and assesses the terms and conditions to present only the best promos with achievable terms.
  • 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. For example, MyBookie has a terrific parlay builder to 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 rapidly. Nowadays, dozens of reputable online sportsbooks have Bitcoin as a payment option, and there are many new sportsbooks that are explicitly geared toward crypto gambling. These include the likes of Lucky Block and Mega Dice.

In 2022, cryptocurrency 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 Bitcoin Betting Sites

Crypto wagers accounted for approximately 30% of the total betting volume in quarter one of 2023, meaning the future looks bright for Bitcoin sportsbooks.

Players seem to enjoy the increased anonymity and faster transactions when betting online with Bitcoin, as well as the higher bonuses on offer for crypto deposits. The latter is 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.

To play the contrarian slightly, it is likely that sooner or later, regulatory bodies will catch up with some of these offshore sportsbooks that accept Bitcoin and begin to demand increased KYC procedures, etc. This will happen in order to stamp out things like money laundering and perhaps to increase taxable income within a country’s borders.

However, for the moment, at least, 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 wagering 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, transactions take between 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 your transactions. Since all deposits/withdrawals on Bitcoin sportsbooks are visible on the 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 transfer. 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.

Investment Potential

Many people invest in Bitcoin – after all, the price of the coin has mostly gone up since it was first created ten 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.


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.

Best Bitcoin Sportsbook on Telegram

Telegram bots do everything from checking emails and converting file formats to letting users play games with friends. What wasn’t possible yet was playing online casino games – until Mega Dice recently launched on the messaging app. So, it’s not only the best online casino on Telegram but the only one.

Sure, other casinos will likely follow in Mega Dice’s footsteps. But with a 1BTC match deposit bonus, payments via numerous cryptocurrencies, and thousands of games, this Bitcoin casino is a tough act to follow. There’s no KYC, too, so the Mega Dice onboarding process is super smooth.

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 BTC 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%
Mega Dice 200% Bonus up to 1 BTC + 50 Free Spins N/A 6x per 10%
TG Casino 200% up to 10 ETH N/A 40x
BetOnline 50% deposit match up to $1,000 CRYPTO100 14x
Bovada 75% Bitcoin deposit match up to $750 BTCSWB750 5x
BC.Game 1 BTC + Up To 180% 1st Deposit Bonus NEWBONUS Amount x 1% x 25%
Everygame  50% deposit match up to $1,000 CRYPTO1K 8x
BetUS 200% deposit match up to $5,000 JOIN200 15x
MyBookie 50% deposit match up to $1,000 LENS 10x
BetNow 200% deposit match up to $200 CRYPTO200 15x

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 several of these states. However, some states limit what betting sites can operate within their borders, and even then, the greenlit sites may not accept Bitcoin.

In these states and in states where online sports betting & bitcoin betting aren’t legal, you can still wager on sports with an offshore betting site. Offshore betting sites aren’t necessarily legal in the US, but enforcement has historically been lax. Hence, 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.


Football is the most popular sport in the USA and continues to grow in popularity around the globe. 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.


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


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


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


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 events to wager on are test matches, one-day matches, and twenty20 matches.

Bitcoin Betting Apps

Many of the best Bitcoin 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.BetOnline Sportsbook Mobile App Lobby

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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 make an initial deposit of $50. Even better, eToro charges a low, fixed fee of just 0.75% for changing USD to Bitcoin – a bargain compared to 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 of 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. Bitcoin withdrawals often take 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. 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 turn out to operate without a license and hold out on payouts, etc.

2. No Chargeback

If ever a player should feel 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.eToro Crypto Wallet

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 register with BetOnline, a platform that offers a huge range of betting markets, a seamless desktop/mobile experience, and a $1,000 welcome bonus.

Step 1: Create a Bitcoin Wallet

The first thing you need 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.

eToro Cryptocurrencies

Step 2: Buy Bitcoin

Now that you have a wallet, you can use eToro’s cryptocurrency exchange to buy coins 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.’ Buy Bitcoin on eToro

Step 3: Sign Up for BetOnline

Now that you own Bitcoin, it’s time to move 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.BetOnline Sign Up

Step 4: Select Your Deposit Method

The next step is to deposit Bitcoin into your new BetOnline betting account. Select ‘Cryptocurrency’ as your deposit method, and then select “Bitcoin” before entering the amount (in US dollars) you want to deposit.

Betonline deposit

Step 5: Send Bitcoin

Once you’ve chosen Bitcoin as your deposit method, BetOnline will display the number of Bitcoins you need to send based on your selected deposit amount. It will also display 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.

BetOnline sign up confirm payment

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.


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Conclusion: The Best Bitcoin Sportsbook

Cryptocurrency 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 sign up 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, players can sign up via Telegram and play on the move. Click the link below to sign up at Lucky Block today.


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