Last updated on: June 27th, 2022

Bitcoin Sports Betting Sites

Not every sportsbook is equal and sign up with Bitcoin sports betting sites to realize why. The promotions and Bitcoin sports betting bonuses expand past any local book. The transaction times between depositing and withdrawing are almost nonexistent. With the popularity of Bitcoin in 2022, sports betting with BTC keeps getting easier. Using Bitcoin to fund your sportsbook account allows for higher transaction limits. Almost every legal online sportsbook accepts Bitcoin or some other form of cryptocurrency. Signing up at Bitcoin sportsbooks will allow you to see the benefits.

Are Bitcoin Sportsbooks Legal?

USA Players AllowedIt is definitely legal to bet on sports using Bitcoin to fund your betting account. International online betting sites that offer Bitcoin betting are not located within the US, making them unaffected by American legislation. This means that in all 50 states regardless of the state’s individual regulation, there are no legal ramifications for betting on sports at these online sportsbooks. This allows you to legally bet on whatever betting line is available as well as wager on the sports using whatever deposit and withdrawal method is available, which includes Bitcoin.

Online sportsbooks also offer bonuses for players who use Bitcoin as their deposit method as well. Bitcoin is one of the fastest ways to collect on your winnings and the cryptocurrency is accepting in many countries as well. Betting on sports with Bitcoin as your deposit method is legal and there is no risk of prosecution if you choose the cryptocurrency as your banking method.

How Bitcoin Sports Betting Sites Work

Bitcoin is intimidating to many prospective users, but it is incredibly easy to set up, use, and take advantage of the bonuses that come with it. Every transaction made with Bitcoin is stored on the blockchain, which adds another lay or security for the player and the sportsbooks involved. Players also benefit that there is no central bank involved when making a deposit with Bitcoin, unlike with credit and debit cards, which means the transaction won’t get flagged or rejected by the bank.

Steps To Fund A Sportsbook Account With Bitcoin

1. Set up a Bitcoin wallet: A cryptocurrency wallet does the same thing that physical wallets do, hold the currency. Cryptocurrency, and Bitcoin, in particular, are stored in the crypto wallet.
2. Set up an exchange account: An exchange account is used to acquire cryptocurrency. Once the currency is bought, transfer it to the wallet.
3. Find the receiving address: When using crypto, either depositing or withdrawing, the receiving party will have an address. Go to the sportsbook of choice, choose Bitcoin, and copy the address. Then go back to the Bitcoin wallet.
4. Sending the Bitcoin: In the wallet, click “send” and paste the sportsbook’s address to direct where the Bitcoin will go. Enter the amount to deposit and confirm. The process should go very quickly and the account will get credited extremely quickly.

Sportsbooks That Accept Bitcoin

The best sportsbooks out there all accept Bitcoin as a sportsbook deposit method. In fact, Bitcoin has quickly made itself the most popular way for users to fund their sports betting account. Below you will find three of the top sports wagering outlets that accept Bitcoin along with any promo codes the individual sites are currently advertising for players that use the cryptocurrency as their preferred method of payment.

#1

Bovada Sportsbook

Best Sports Betting Odds For March Madness Bettors

With March Madness right around the corner, now is the best time for Bitcoin betting fans to sign up and place action with Bovada. Bovada is known as one of the top March Madnessand Bitcoin sportsbooks around. They offer great bonuses and have a very high $5,000 deposit maximum. In addition, Bovada also allows patrons to withdraw up to $9,500 two times a day so long as they are using Bitcoin as the same deposit method. Players will have NCAA Tournament betting lines for the game result, prop bets, and already have futures bets for the next March Madness Tournament. The best place to bet on March Madness with Bitcoin is at Bovada.

Rating: 5 Star Rating

  • $5,000 Max Deposit
  • Easy To Use
  • Instant Deposits
  • No Fees
  • Bigger Bonuses

BitcoinVisaMastercardAmerican ExpressZelle

#2

BetOnline Sportsbook

Best Bitcoin Promos

BetOnline is home to some of the best Bitcoin promotions on the market. Players can deposit using Bitcoin and get a 100% deposit match bonus on their first-ever deposit. This is valued at up to $1,000. This means betting fans who deposit using Bitcoin can double their initial deposit and have even more money to wager on their favorite sports. To access this bonus simply use promo code CRYPTO100 The bonuses do not stop with newcomers either, as returning betting fans can use promo code CRYPTO35 and see a 35% deposit match every time they reload their betting account. This means every single time players go to fund their betting wallets and place action at BetOnline, there will be the option to use this bonus. This is also valued at up to $1,000.

Rating: 5 Star Rating

  • Big Bitcoin Bonuses
  • Fast Payouts
  • Bonuses For New And Returning
  • Mobile Betting No Download
  • Available In Most States

VisaMastercardBitcoinEtheriumWire Transfer

#3

MyBookie Sportsbook

Odds For All Major Sports

MyBookie is a major draw to betting fans all over thanks to the many odds available at the sportsbook. With its acceptance of Bitcoin, crypto bettors log on every day and use Bitcoin to place action on sorts from the NBA and NFL to collegiate NCAA sporting events. MyBookie has odds for everything betting fans can think of. This includes major events like the Wimbledon to smaller events like the cornhole championships. Betting on your favorite sports team using Bitcoin is made easy at MyBookie. MyBookie also encourages Bitcoin users, offering a $1,000 bonus for betting fans using promo code MYB100. This gives a 100% deposit match on all first-time Bitcoin betting fans. This is free money to be used to bet on all your favorite sports.

Ratings: 5 Star Rating

  • 25% Reload Bonus
  • Odds For All Major Sports
  • Fast Bitcoin Payouts
  • $1,000 Bitcoin Bonus

VisaMastercardBitcoin

Rank Sportsbook Bonus Offer Play Now
1 Bovada Online Sportsbook 50% Up To $250 Read Review Visit Bovada!
2 BetOnline Online Sportsbook 50% New Member Bonus!Read Review Visit BetOnline!
3 MyBookie Online Sportsbook 50% Up To $1,000 Read Review Visit MyBookie!
4 BetUS Online Sportsbook 100% Up To $2,500 Visit BetUS!
5 Xbet Online Sportsbook 100% Up To $300Read Review Visit Xbet!
6 Sportsbetting Online Sportsbook 50% Up To $1,000 Read Review Visit SportsBetting!

Betting On The Price Of Bitcoin

Price Of Bitcoin Between July, 1 2022 and January 1, 2023

  • Over $40,000 +155
  • Under $45,000 -210

Aside from just being able to bet on sports with Bitcoin, you can even bet on the price of Bitcoin throughout the year and during a specific time frame. In this example, you can bet on if Bitcoin will end the year over or under the $40k mark. Bitcoin does have some room to grow to reach that mark according to experts, but has lost 40% of its value in the last year.

Bonuses At Bitcoin Sportsbooks

Nearly every sportsbook offers some sort of promotion for depositing users, but the promotions for Bitcoin users are much better. Offshore sportsbooks offer significant bonuses on all Bitcoin deposits, but first-time deposit bonuses reign supreme. Bovada’s sportsbook in particular, is known for its offer of a 75% first-time match followed by three 50% matches for deposits into their sportsbook using Bitcoin. Additionally, some sites have sportsbook bonuses for life that allow you to keep utilizing the promotions even after your first deposit. Standard banking options will be rewarded, but there are no promotions that can beat what is offered from sports betting sites accepting Bitcoin.

Bitcoin Sportsbook Bonus Codes

Sportsbook: Bonus: Bonus Code: Percent Bonus: Visit:
Bovada Bitcoin Welcome Bonus BTCSWB750 75% Visit Bovada
BetOnline Crypto Reload Bonus CRYPTO35 35% Visit BetOnline
BetOnline 1st Time Crypto Bonus CRYPTO100 100% Visit BetOnline
SportsBetting 1st Time Crypto Bonus 100CRYPTO 100% Visit SportsBetting
SportsBetting Crypto Reload Bonus 35CRYPTO 35% Visit SportsBetting
BetUS 200% Crypto Sign Up Bonus JOIN200 150% Sports Bonus + 50% Casino Bonus Visit BetUS
BetUS 100% Crypto Sports Bonus SU100CRYPT 100% Visit BetUS
BetUS 200% Crypto Bonus FIRST200 150% Sports Bonus + 50% Casino Bonus Visit BetUS
BetUS 100% 1st Crypto Sports Deposit Bonus RU100CRYPT 100% Visit BetUS
BetUS 100% Crypto Sports Bonus on 2nd/3rd Deposit 100CRYPTO2X 100% Visit BetUS
BetUS 20% Cash Bonus on Crypto Deposits RU20CASH 20% Visit BetUS

What Is The Most I Can Withdraw From A Sports Betting Site Using Bitcoin?

This will completely depend on the online sports betting site you use. If you are using Bovada then there is no limit. When it comes to sites like BetOnline, the maximum amount you can withdraw at one time is $100,000.

Bitcoin Withdrawal Maximums By Sportsbook

Sportsbook: BTC Withdrawal Maximum:
Bovada No Limit
BetOnline $100,000.00
MyBookie $50,000.00
Xbet $5,000.00
BetUS $5,000.00
SportsBetting $100,000.00

Customer Service At Bitcoin Sportsbooks

When betting on sports with Bitcoin, it is possible that questions or concerns may arise – no matter how reputable the site. As such, the leading Bitcoin sportsbooks will offer several ways to get in contact with customer support. Many have toll-free numbers that can be dialed in order to reach agents that speak English, Spanish, French, and other languages depending on your needs. You can also send a quick email, but the preferred contact method for most bettors is live chat. Just visit the site you are interested and click “contact us” to see all of the available options.

Ways To Wager At Bitcoin Sportsbooks

Bitcoin sports betting sites will allow you to gain full access to their sports betting platform, with all of the standard wagering options. Bitcoin sportsbooks accept straight bets (spreads, totals, moneyline), parlays (teasers, round robins), if bets, action reverse, futures, and many more. All of the leading sites also offer comprehensive betting guides in case you are unsure about a particular wagering type. They also will each come with different betting limits, which is set by bookmakers depending on the sport or event.

Betting Markets

American sports are the heart of all legal sports betting sites, but there are generally over 1000 lines every day on Bitcoin sportsbooks. The betting markets include popular leagues like NFL, MLB, NHL, NBA, and NCAA, but you will also find much more. Being that Bitcoin sports betting sites want to capture the widest range of sports fans, international sports and smaller markets will also be available. This of course depends on the sportsbook, but here are some of the sports and betting categories you might find:

Football Basketball Baseball
Hockey Cricket Soccer
Politics Entertainment MMA
Wrestling Snooker Futsal
Tennis Golf  

Live Betting At Bitcoin Sports Betting Sites

Live betting is a feature that has come standard across online sportsbooks. All of our recommended sites allow for live betting, which ranges from in-play betting (as the action is unfolding) to live betting (during commercial breaks and timeouts). Using Bitcoin for a sports betting site won’t improve your live betting access but it can definitely allow you to cash out quicker after making that quick buck. Decide situations like if the next drive will result in a score or if a player will miss a 3-pointer, and you will see your Bitcoin sports betting site account balance increase in no time.

FAQ

Is It Safe To Use Bitcoin To Fund My Online Sportsbook Account?
Yes, absolutely. Bitcoin is backed by blockchain technology which makes it virtually hackproof. You can also be sure to avoid any hassles with banks when making your transaction. You payments can then be processed faster which means your deposits and withdrawals are almost instant.
Do Bitcoin Sports Betting Sites Charge Any Fees To Use Cryptocurrency?
Most of them do not. For example, if you are using Bovada to place wagers on sports through the use of Bitcoin, the site will not charge you any fees. However, when you go to exchange your Bitcoin to real money, exchange providers may charge you a fee. This is totally dependent on the exchange provider and not the online sportsbook itself.
How Fast Do Online Sportsbooks Process Bitcoin Deposits And Withdraws?

Bitcoin transactions are processed incredibly fast by online sportsbooks. The transactions, which sportsbooks do not charge any fees for, are very quick because they do not have to go through any central banking institutions. Another reason that Bitcoin transactions are so quick is that they have no risk of being flagged by the Unlawful Internet Gambling Enforcement Act (UIGEA). That law does not govern legal offshore sportsbooks because they are based in other countries, but payments made through a central bank occasionally get stopped, which is why it is so convenient that Bitcoin does not go through a central banking system.

How Do I Turn My Bitcoin Payout into USD?

Since Bitcoin is one of the quickest ways for bettors to deposit and receive their payouts it is widely accepted at many sportsbooks. For US citizens converting Bitcoin won at a sportsbook into USD is quite simple. First, bettors will have to set up an exchange and afterward a digital wallet to trade Bitcoin for US currency, which should have been already done when depositing. Once the Bitcoin is traded, you’ll select the bank or PayPal account you want the funds deposited in.