Bitcoin sportsbook: Best Bitcoin sports betting & bookmakers 2024 in comparison

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

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

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

Advantages:

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

• Bitcoin transactions are fast: it usually takes just a few minutes for the transaction to be confirmed by the network. By voluntarily paying a slightly higher transaction fee, you can ensure that your transaction is processed first.

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

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

Disadvantages:

• The Bitcoin price is very volatile: just as Bitcoin can increase in value, it can also lose a lot of value. There is therefore a certain risk of price fluctuations, which are significantly greater than with currencies regulated by banks.

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

• A wallet is required: For betting customers who already use Bitcoin, this is not a real disadvantage, as these users will already have a wallet. However, if you do not yet have any Bitcoins, you must first create a wallet and buy Bitcoin. This can be quite complicated. Trustly sports bets, for example, can be placed without any additional effort. PayPal bets also work without any time delay.

1. 1. Reputable Bitcoin sportsbooks 2024

The days when you had to visit a bookmaker in person to bet on a football match or other sporting event are long gone. Modern fans place their sports bets online , which, in addition to the 24/7 availability has other advantages. For example, betting customers can receive attractive bonuses and benefit from particularly good odds. You can find out where you can get particularly good conditions in our reviews.

payment methods offered also play an important role, because of course it is important that customers quickly and, above all, deposit and withdraw money safely . So far there are not very many reputable sports betting providers where Bitcoin sports betting is possible. We specifically looked for Bitcoin betting providers. By clicking on the corresponding Bitcoin betting provider you can go to the corresponding review or you can register directly with the betting provider and then pay for sports bets with Bitcoin.

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

Bitcoin also enables people in totalitarian systems to network and send and receive money without government regulation . Bitcoin makes users independent of banks and their interventions in the monetary system and ensures that online payments no personal data can fall into the hands of the wrong people. Another reason why there aren’t particularly many Bitcoin betting providers is that legal situation that was unclear for a long time.

The creators of Bitcoin created the alternative currency, among other things, to be independent of state regulatory systems . As a result, payments with Bitcoin were wrongly viewed as “semi-legal”. However, it is now clear that Bitcoin has established itself as a serious payment alternative. The coin is also used by large online shops and has long since left the legal gray area. We therefore firmly expect that the options for Bitcoin sports betting will increase in the future and that more and more bookmakers will offer this payment method.

1. 2. Can I get a Best bitcoin sportsbook bonus?

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

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

Ultimately, the Bitcoin betting provider gives you the bonus so that you can then familiarize yourself with their betting offer and place appropriate sports bets. The bonus is therefore held in a separate bonus account and is not available for withdrawal. Once you have generated the turnover specified by the bookmaker with sports bets, the bonus balance is transferred from the bonus account to the real money account. You can now use it to its full extent and have it paid out if you wish.

You can use the balance in your real money account even before the bonus conditions have been met . However, if you request a withdrawal before the wagering requirements have been fully met, the bonus will usually be removed from your betting account. It is therefore advisable to wait with the withdrawal until the bonus can also be paid out. In order for you to actually receive a financial advantage from the bonus, we strongly recommend that you familiarise yourself with the To familiarize yourself with the wagering requirements of the Bitcoin betting provider , you can plan your bets accordingly, meet the conditions quickly and then have the money paid out.

1. 3. How can Crypto sportsbook bets be placed?

Cryptocurrencies work with so-called blockchain technology and, unlike the fiat currencies we know, are decentralized. There is therefore no need for a central authority to regulate the number of coins and verify transactions. This is done jointly by the entire network, with every user having access to all information. If individual participants in the network fail, this has no impact on the availability and reliability of Bitcoin.

New transactions are processed in so-called blocks, which are then put together as a chain. Transactions are verified when participants in the network provide computing power to find valid hash values for new blocks. Bitcoin was the first cryptocurrency in 2009 and is still the most widely used today. Since Bitcoin has long proven to be a practical, reliable and secure means of payment , Bitcoin is popular with Internet users. Many betting customers also prefer Bitcoin to traditional deposit methods.

This has not gone unnoticed by bookmakers, which is why more and more of them are offering deposits and withdrawals via Bitcoin wallets. In order to be able to deposit with Bitcoin at sports betting providers, a betting account is required. This can be easily opened online. The customer then has various methods available for depositing, including Bitcoin. Now the user needs a so-called Bitcoin wallet.

Anyone who already uses the cryptocurrency for other payment transactions will already have such a wallet.

If you don’t have a wallet yet , you can open one online with just a few details . The deposit is then made by specifying how much you want to deposit into your betting account. The Bitcoin betting provider then provides a wallet address to which the customer now only needs to send their coins to complete the deposit. After the Bitcoin network has confirmed the transaction, the deposited balance appears in the betting account and can be used to place sports bets.

1. 4. Btc sportsbook – How Does It Work?

pay with the cryptocurrency at the Bitcoin betting provider , you must of course first own Bitcoin. You then store these on a so-called wallet, which you can create for free with various providers. Even safer than storing the means of payment on one Online wallet is management on so-called hardware or paper wallets. But Bitcoin can also be used quite safely with the online wallet if you make sure that your own computer or mobile device is well protected from hackers.

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

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

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

1. 5. Get started with the Best bitcoin sports betting sites step by step

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

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

In our sports betting provider test reports, we took a close look at the different advantages and disadvantages of the tested providers, so that you can use these reports to decide which of the tested Bitcoin bookmakers is best suited for you personally. Even if you use Bitcoin as your deposit method, you can still receive a new customer bonus in most cases . Before making a deposit, pay attention to whether the Bitcoin betting provider automatically credits its customers with the bonus or whether you may need a bonus code.

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

• Create a Bitcoin wallet & buy Bitcoin

• Find Bitcoin betting providers & register there

• Make a deposit with Bitcoin and use the bonus if applicable

• Use credit as stake for sports betting

1. 6. Best crypto sportsbook With Your Mobile Phone Or Tablet PC

Modern online bookmakers either offer their customers a free sports betting app for the most common operating systems or have optimized their website for use with mobile devices so that it automatically adapts to changing requirements. This means that the entire betting offer can also be used on the go, and users can place their desired bet with just a few clicks while on the go, in the football stadium or in the sports bar.

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

Bitcoin sports betting is therefore also possible on the go, provided you have a wallet app from which you can make the deposit without a computer. Such apps can be downloaded free of charge from various trustworthy providers.

Since mobile Bitcoin deposits give you the opportunity to If you want to top up your betting balance spontaneously, you can also easily register with several Bitcoin betting providers and then always deposit spontaneously where you get the best odds for the bets you have planned. This way, you get more money out of it if you win, which will pay off in the long run.

1. 7. How reputable and safe are Bitcoin bookmakers?

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

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

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

Should, contrary to expectations, serious conflicts arise with the Bitcoin betting provider, you can also contact the regulatory authority , which will then investigate the case and take action if necessary.

1. 1. 1. What about price fluctuations?

Since Bitcoin is not regulated by any authority or other body, its price fluctuates significantly more than the Euro, Dollar or other fiat currencies. The price fluctuations can be both an advantage and a disadvantage for users. On the one hand, it can happen that the coins paid out are worth significantly more than they were at the time of deposit, on the other hand, it is of course just as possible that the Bitcoin price falls and you receive significantly less euros when you pay out than you originally invested, even if you actually made a profit with your Bitcoin sports bets.

Betting customers who use Bitcoin for other payment transactions outside of sports betting and who permanently store coins in their wallet usually take a calm approach to price fluctuations. They think long-term and usually assume that Bitcoin will become significantly more important in the next few years and therefore also increase in value. Short-term losses in value are therefore not a problem for these users. For many other users, however, the euro is still the decisive currency, even if they pay for their sports bets with Bitcoin.

If possible, these users do not want to have to accept any losses due to a falling Bitcoin price. It is an advantage for you if the betting account is maintained in euros, regardless of the deposit method you choose. Here the money is then converted into euros immediately after the Bitcoin deposit and only converted back into Bitcoin at the current rate before a payout. Despite the digital means of payment, you can ultimately pay in euros.

1. 1. 2. What about price fluctuations?

Since Bitcoin is not regulated by any authority or other body, its price fluctuates significantly more than the Euro, Dollar or other fiat currencies. The price fluctuations can be both an advantage and a disadvantage for users. On the one hand, it can happen that the coins paid out are worth significantly more than they were at the time of deposit, on the other hand, it is of course just as possible that the Bitcoin price falls and you receive significantly less euros when you pay out than you originally invested, even if you actually made a profit with your Bitcoin sports bets.

Betting customers who use Bitcoin for other payment transactions outside of sports betting and who permanently store coins in their wallet usually take a calm approach to price fluctuations. They think long-term and usually assume that Bitcoin will become significantly more important in the next few years and therefore also increase in value. Short-term losses in value are therefore not a problem for these users. For many other users, however, the euro is still the decisive currency, even if they pay for their sports bets with Bitcoin.

These users would prefer not to incur any losses due to a falling Bitcoin price. It is an advantage for them if the betting account is managed in euros, regardless of the chosen deposit method. The money is then converted into euros immediately after the Bitcoin deposit and only converted back into Bitcoin at the current rate before a withdrawal. This means that calculations can ultimately be made in euros despite the digital means of payment.

1. 8. Sportsbook bitcoin – Are there fees?

Bitcoin betting providers are also so popular because the transaction fees are very low. More specifically, users can decide for themselves how much money they want to pay the network to carry out the transaction. Usually, a few cents are enough to ensure that the payment process is carried out quickly.

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

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

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