Bitcoin is not physical currency. There are no actual bills or coins. It is a kind of digital or electronic currency that is referred to as cryptocurrency.
It became the first decentralized cryptocurrency upon its inception in 2009. This means that no institution controls it.
Unlike most currencies that are based on gold or silver, Bitcoin is essentially based on math.
Like regular currencies, it can be used to purchase things electronically online. The value of Bitcoin also fluctuates.
Getting Bitcoin is a relatively simple process. You can get started by visiting Bitcoin.com.
Once you have purchased Bitcoin you can use it at a rapidly growing number of businesses around the world including many international betting sites. You can check our recommended crypto betting sites here.
Bitcoin isn’t the most widely accepted payment method for online betting but more and more bookies are beginning to accept it and offering Bitcoin sports welcome bonus promotions.
Since it is also a currency (physical or not), you can use BTC for purchasing any goods or service, Bitcoin betting included.
And if you know what you are doing, it is a very easy, safe, and secure process: Betting sites that accept Bitcoin value your privacy and offer unmatched deposit & withdrawal speeds.
But more importantly, a Bitcoin bookmaker can offer much higher and competitive odds, due to the advantages of the blockchain technology.
At Bitcoin betting sites you are practically anonymous so a personal limit on your account can’t be made. And even if there was a small probability you could always open a new account, unlike with a regular bookmaker. In this context you can say Bitcoin bookmakers are bookies that don’t limit accounts.
And that’s why the number of Bitcoin bookies grows day by day: We may be looking at the future of sports betting and online gambling.
In this article, we will talk about bookmakers that accept Bitcoin in general and give you a list of the best Bitcoin betting sites.
To save you the trouble of finding them, we already picked the best Bitcoin sports betting websites for you. Our picks cover almost all of the sports out there, so if you are only looking for the best Bitcoin football betting sites, for example, you can still use this list or even bitcoin cricket betting.
Nearly all of our picks will offer you a free Bitcoin betting bonus too, so you can start playing with an advantage. Complete your registration and start playing today – good luck!
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How and Why Should You Use Bitcoin for Sports Betting?
Those who appreciate privacy will love the fact that no personal information is attached to Bitcoin wallets. Transactions are also instant which means that Bitcoin sportsbook deposits are almost immediately credited to your betting account. Moreover, Bitcoin matched betting transactions are secure and fees are very low.
This is also the case for withdrawals: A bitcoin bookie will complete all withdrawals in an hour maximum. If the bookmaker Bitcoin runs entirely on the blockchain, this gets much better: All transactions (deposits and withdrawals) will be instant and automatic.
Making a Bitcoin bookmaker deposit is just as easy as depositing using other methods. Simply sign into your bitcoin betting site and select the “deposit” option. Follow the instructions and click on “bitcoin” when prompted for a payment method. After a few more clicks the process is complete and you should immediately have the funds in your betting account. The process works exactly like this in almost all cryptocurrency gambling sites.
In other words, you are not forced to use blockchain transfers even if you prefer using Bitcoin. Best Bitcoin betting sites provide support for Fiat currencies and traditional payment methods too, so you can still use e-wallets & cryptocurrencies together and combine the best of both worlds.
Even if your bookie doesn’t accept bitcoin you still have a way to deposit bitcoin. Some eWallets such as Neteller allow you to fund their eWallets using bitcoin. You can then use the eWallet to deposit into your betting account.
As an alternative to Bitcoin, you could always try one of our recommended Ethereum betting sites.
Is it Safe to Use Bitcoin for Sports Betting?
Using bitcoin for betting is absolutely safe. Users don’t even have to transmit any personal or financial information over the internet. Just be sure that the online betting Bitcoin website is secure and that they encrypt data. You should also avoid using unsecured internet connections.
We mentioned that Bitcoin bet sites that run entirely on the blockchain offer instant transactions. This feature also provides unmatched security. Let us explain: A traditional bookmaker has a “physical” server and all of the financial decisions are taken by “humans”.
When you win a prize, someone manually checks it and approve the payout. Moreover, when you make a withdrawal request, another “human” must approve it too. All of these take time and bring several security problems with them.
Bitcoin bookies that run entirely on the blockchain do not work like that. Bookmakers that accept Bitcoin do not have “human workers” and a physical server. The entire operation runs on the blockchain, which means every user that holds a copy of the blockchain is also a host for the website of the Bitcoin bookmakers.
The owners of the Bitcoin betting sites deposit the payout to the blockchain before the event starts – in this regard, the blockchain acts like an escrow account. And when you win your bet, the blockchain automatically makes the payment, without an “approval”.
That’s why bookmaker withdrawal Bitcoin operations are instant and live Bitcoin football betting is more advantageous: Place your live bet, win, and get paid in seconds. Traditional football betting cannot offer you this.
Are there any Bitcoin Fees for Deposits and Withdrawals at Bitcoin Bookmakers?
Most Bitcoin bookies do no charge any fees for deposits but many will charge for withdrawals. Bitcoin betting sites have different practices in this regard. The only bitcoin fees that you may be forced to pay for online betting Bitcoin deposits are for currency conversions and sometimes a small transaction fee will also be applied to your bet with Bitcoin deposit.
As can be guessed, best Bitcoin bookmakers do not ask a fee for any of the financial transactions. However, note that there will always be a transaction fee at bookmakers that accept Bitcoin, and that’s the fee of the blockchain. The only exception is the Bitcoin free bet offers, as they are credited to your account directly and not by using the blockchain.
That’s right – the blockchain itself has a fee for all transactions and it is impossible to skip this commission: Even the best BTC gambling site cannot avoid it. So, in a way, free Bitcoin betting does not exist: If you are making a transaction over a blockchain, you will always pay a fee.
However, this fee is very low and dynamic – its amount depends on how busy the blockchain is. Sometimes it drops so low, several Bitcoin free bet opportunities arise. In general, however, all Bitcoin bookmakers will ask for this fee.
How to Make Deposits and Withdrawals At Bitcoin Betting Sites?
The deposit and withdrawal processes at Bitcoin betting sites are pretty much the same any other deposit method. Log into your bitcoin sportsbook and go to the banking section. Click on “Deposit” and follow the instructions. You will need to enter a bit of information like the deposit amount and any promo codes that may apply.
Select “bitcoin” when prompted for a payment method and continue following the instructions until the process is complete. You should find the funds instantly credited to your betting account.
If we give a quick example:
- All users of the blockchain has an address. This consists of several numbers and letters; you can think of it as an IBAN address. You have one and all betting sites that accept Bitcoin have one.
- You must use a digital wallet to make a transaction over the blockchain. These are free programs and they are usually a part of the Bitcoin best betting apps. Download and install one – you will see your address in this wallet.
- To make a gambling sites Bitcoin deposit, visit the banking section described above. When you pick BTC as the deposit method, the address of the bookmakers Bitcoin will appear.
- The rest of the process will happen in your wallet. Open it, determine the amount you wish to send, and enter the address of the Bitcoin betting websites. The whole process will finish in 5 minutes or so.
Withdrawals are just as fast and easy. Making a withdrawal at gambling sites Bitcoin is very similar to making a deposit, but this time you give your own blockchain address instead of using the site’s address. Sign into your bitcoin betting site and go to the banking section where you will click on “Withdraw”. Enter the required information and choose “bitcoin” as the payment option.
It is important to double check the bitcoin payment address so that the funds are correctly sent. Also, due to the fluctuation in bitcoin value, you need to complete these transactions in a given period of time. The value of the cryptocurrency is not determined by the sports betting sites that accept Bitcoin, but they must use the most up-to-date value.
What are the Best Betting Sites that Accept Bitcoin?
As mentioned earlier, bitcoin is just beginning to gain acceptance as a sportsbook deposit method so there aren’t all that many bookies that take bitcoin yet. However, we can still offer you top Bitcoin gambling sites. Start by taking a look at the list of top Bitcoin betting sites above.
Some of the Bitcoin top betting sites include Fortune Jack and 1xBit. 1xBet, Cloud Bet, and Sportsbet.io also allow bitcoin sportsbook deposits and bookmaker withdrawal Bitcoin transactions. So, we can say that they are the best Bitcoin football betting sites too.
Is Bitcoin Good for BTC Bookmakers Bonuses? What are the Best Bitcoin Bonuses?
Deposits using bitcoin are a great way to qualify for sports betting bonuses, such as a Bitcoin free bet bonus. Bitcoin betting site offers are as good as “regular” bookmakers and you can get lots of advantages. Bitcoin betting deposits at 1xBit are eligible for 1 BTC in bonuses while Fortune Jack will give you up to 20 mBTC as a bitcoin deposit bonus. These websites are also among the best Bitcoin bookmakers.
There is as much as 5 BTC worth of bonuses up for grabs at Cloud Bet and 100 EUR in betting bonuses waiting for you at 1xBet. Want something a bit bigger? How about the 30 EUR free bet bonus that you can get at Sportsbet.io? As we said, there are lots of Bitcoin betting site offers to use and we already picked the best of them.
Our picks for the best BTC betting sites also support bookmaker Bitcoin withdrawal operations, so you can make all of your transactions with Bitcoin.
Check out the BTC bookmakers database and promotions section at Gamblingjudge.com to find more great BTC betting sites.
Are Some Countries Banned from Using Bitcoin And BTC Betting Sites?
One of the things that some governments don’t like is the fact that bitcoin can be used anonymously and has the potential to be used for money laundering. With that said, only Iceland(check here our Iceland betting sites), Vietnam, Kyrgyzstan, Ecuador, Russia (here’s our list of Russian betting sites), and China ban the use of payment provider.
So, if you live in one of these countries, you won’t be able to use gambling sites that accept Bitcoin. Ironically, some of these countries allow you to place a bet on “regular” bookies. But due to local laws, you cannot use crypto bookmakers.
Can Bitcoin be used in the UK?
Yes. You can use it for betting in the UK. In fact, there are already lots of BTC bookmakers in this country: The United Kingdom is filled with Bitcoin sports betting UK websites.
13 of the 93 recommended bookmakers for the United Kingdom as listed by Gamblingjudge.com are bitcoin betting sites and most of them offer valuable bonuses for such betting deposits. We have the largest Bitcoin betting UK website database and we can offer you dozens of BTC betting sites.
What are the Advantages and Disadvantages to using Bitcoin for Betting?
Bitcoin transactions are fast and easy. On top of that, users can enjoy their anonymity and using this currency to bet with is safe and secure. Users aren’t strapped with too many fees and those that are levied against them are quite small compared to other payment methods.
Bitcoin has a few drawbacks such as fluctuations in value. Because many bookmakers still don’t accept bitcoin payments, users have fewer choices when they want to find a trusted sportsbook. New independent bookmakers understand the many benefits of making payments with Bitcoins and most of them are offering the possibility to use Bitcoins or other cryptocurrencies for deposits and withdrawals. It is also relatively new and many people don’t know enough about it while others simply don’t trust it. The lack of a central authority to control its value can be seen as both good and bad.
Overall, the concept of “crypto betting site” is still new and not too many players are aware of the advantages of crypto bookmakers. Blockchain sports betting has the potential to change this industry but it still needs time. You may also want to check our Dogecoin betting guide and the best Dogecoin betting sites in 2021.
Time will tell whether or not bitcoin will continue to gain traction. In the meantime, this cryptocurrency has its fair share of users who swear by it.
Frequently Asked Questions
Yes. You can choose one of our recommended casinos and start playing today
Unfortunately, bitcoin deposits are not an option at Betfair.
One of the main reasons is privacy, both for the casino owner and the players.
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