Best Bitcoin Betting Sites

Bitcoin is the most popular cryptocurrency in the world. As such, it’s also the most widespread and used in many industries, especially those that operate online.

Online sportsbooks started expanding their lists of payment methods several years ago, adding Bitcoin to them, as it proved to be a safe, secure, affordable, and fast option for depositing and withdrawing funds.

However, not all sportsbooks that accept BTC are right for you, so we’ve decided to make an ultimate list of the best bitcoin sports betting sites. Read on. 

Best Bitcoin Sports Betting Sites – The Ultimate List

Our team of experts has created a list of the top BTC sports betting platforms for Canadian customers. Feel free to check it out and select the website that meets your needs.

We’ve tested each of them, and we’ve even written Bitcoin sportsbook reviews for them, where you can learn more about their respective bonuses, available sports, betting markets, payment options, security, and more.

If you’re new to Bitcoin sports betting and want to learn how to make your first BTC deposit, please continue reading our guide.

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Making a Deposit on Best Bitcoin Sportsbooks

Before choosing one of the sports betting sites that accept Bitcoin, you need to learn how deposits work.

To make a BTC deposit, you first need to obtain a Bitcoin. If you already have it, please skip this section and read how the actual deposit process looks. If not, take a look at the following steps:

1. Get a wallet – First of all, you need to pick a wallet where you can store your Bitcoins. They are usually free and can be installed on your PC or mobile device.
2. Obtain BTC – Buy Bitcoin on a cryptocurrency exchange or ask someone to send it to you (for example, you can ask your employer or client to pay you in BTC).

Once your BTC wallet has been filled with “digital gold,” here’s how you can make a deposit with it.

1. Select an online betting platform from the list on this page.
2. Find the option to register and fill in the form to open an account.
3. Once you’ve verified your account, find the Cashier page.
4. Select Bitcoin as a preferred payment method.
5. Enter the amount you’d like to deposit.
6. Scan the QR code with your wallet to make the transaction (alternatively, you can copy the platform’s wallet address and manually send BTC to the betting site).

Bookmaker Bitcoin Withdrawal – How to Cash Out BTC Quickly

If you want to withdraw your money from an online sports betting site by using Bitcoin, read the following step-by-step explanation carefully.

1. Go to the Cashier page on the site.
2. Select Bitcoin as a preferred withdrawal method.
3. Enter the amount of money you’d like to withdraw.
4. Enter your wallet address.
5. Confirm the transaction.

Even though BTC deposits are quick, you might have to wait a bit more when making Bitcoin withdrawals, as even the best Bitcoin sportsbooks need to review the withdrawal request, and that takes time. The withdrawal pending time is usually between one and five business days.

Advantages and Disadvantages of Using Bitcoin

Many people who are customers on betting sites agree that Bitcoin is probably one of the best payment methods at the moment. However, it’s not perfect, as it comes with a couple of disadvantages. Let’s check out some of the major pros and cons of using BTC for online betting.

Pros

• Bitcoin has low fees – You don’t have to pay fees for intermediaries processing your transactions since all transactions are peer-to-peer.
• Bitcoin transactions are fast – Although Bitcoin is not the quickest method out there, it’s still much quicker than most other options, as it requires up to a couple of minutes to be processed.
• Bitcoin is one of the most secure payment methods – it’s impossible to hack Bitcoin or tamper with it since it’s built by using decentralized technology.

Cons

• Bitcoin is volatile – The price of BTC often changes by a lot, so you must learn when the best time to deposit and withdraw is.
• Bitcoin is not available on all sportsbooks – Many betting sites still don’t accept BTC as a payment option.

Final Thoughts

To sum up, Bitcoin is on its way to becoming the number one payment method on many online sports betting platforms. If you have BTC, you’ll be able to make quick and effortless deposits and withdrawals at minimum fees.

Please examine our list of the best Bitcoin bookmakers to learn more about them and pick the one that meets your needs.

FAQ

• Are there any good Bitcoin Cash sportsbooks?

  Bitcoin Cash is an entirely different currency to Bitcoin, and it’s much less popular than BTC. However, there are still several sportsbooks accepting BCH, and some of them might even be on our list. Please read our Bitcoin sportsbook reviews to learn more.

• What are the best Bitcoin bookmakers for me?

  We’ve selected the best ones on this page. However, since each betting site is unique, it’s up to you to pick the one that suits you the most.

• How to find the best Bitcoin soccer betting sites?

  All sites on this page offer soccer, among many other sports. In other words, no matter which site you select, you’ll be able to place wagers on the most popular sport in the world.