Last updated on: November 4th, 2022
Bitcoin Sports Betting Sites
Betting at legal online sportsbooks with Bitcoin(BTC) has never been as easy or as worthwhile as it is now. Betting with Bitcoin at legal sports betting sites comes with many different advantages, specifically the speed, wide-ranging deposits, and bonuses. Bitcoin has become the top online sports betting transactional method because of those advantages, meaning that every top legal online sportsbook offers BTC as a deposit and withdrawal method.
Of course, legal sports betting sites have been around for much longer than Bitcoin(2009), so other payment options exist. Those transactional methods include credit and debit cards, money orders, and other cryptocurrencies, but they have all been passed by Bitcoin for many reasons. Throughout this synopsis we will go over why Bitcoin is so much more popular to use when betting on sports, what its benefits are, and how to both deposit and withdrawal Bitcoin from online sportsbooks.
Are Bitcoin Sportsbooks Legal?
It 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. You purchase the crypto via the exchange, and then you can send it to your wallet.
3. Send the crypto to your wallet, in the amount that you plan on depositing.
4. Go to the sportsbook of choice, choose Bitcoin as your deposit method, and begin the deposit process. You will be given an address to deposit into. Copy the address. Then go back to your 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. This almost never takes longer than a minute, and very rarely takes longer than 10 minutes.
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.
Nothing is more exciting than betting on NFL action, especially when deposits happen almost instantly through Bitcoin’s quick proceccing time. With Bovada, bettors have the best oppertunities with a legal sportsbook that acepts all Bitcoin payments, and has betting odds for every single NFL game for the regular and post season. With a depsoit maximum of $5,000, bettors never have to worry about their bets being limited, and the book allows two Bitcoin depsits a day, up to $9,500 each. When placing wagers from a Bitcoin deposit on Bovada, bettors have the funds fast enough to live bet on the Cheifs attempting a classic Mahomes comeback.
- $5,000 Max Deposit
- Easy To Use
- Instant Deposits
- No Fees
- Bigger Bonuses
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.
- Big Bitcoin Bonuses
- Fast Payouts
- Bonuses For New And Returning
- Mobile Betting No Download
- Available In Most States
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.
- 25% Reload Bonus
- Odds For All Major Sports
- Fast Bitcoin Payouts
- $1,000 Bitcoin Bonus
Deposit Limits For BTC Sportsbooks
Depending on the sportsbook, there are different limits for how much a player can deposit into their account with Bitcoin. As the most common and secure cryptocurrency on the market, all of the books that offer crypto have BTC available for same-day transactions. The main commonality between legal Bitcoin sportsbooks is that they are secure and charge no fees for any BTC deposits. The limits per transaction for all of these books can be found below:
- Bovada – $10 min / $5,000 max
- BetOnline – $20 min / $500,000 max
- MyBookie – $20 min / no limit for max
- SportsBetting – $20 min / $500,000 max
- XBet – $20 min / no limit for max
Limits For Bitcoin Withdrawals
Even though Bitcoin is the most efficient way to bet on sports at online legal sites, there are still limits to the amount that can be deposited for a single transaction. These limits vary based on the sportsbook but every site has a minimum and maximum for how much can be requested. The limits for these single transactions can be found below:
- Bovada – $10 min / $9,500 max
- BetOnline – $50 min / $100,000 max
- MyBookie – $25 min / $50,000 max
- SportsBetting – $50 min / $100,000 max
- XBet – $25 min / $50,000 max
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 60% of its value in the last year. The current price of one bitcoin is about $23,000.
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|
What Is The Most I Can Withdraw From A Sports Betting Site Using Bitcoin?
The maximum withdrawal amount is set individually by each sportsbook and the process for how the money leaves the bankroll varies as well. For betting with Bovada, there are limits for individual and weekly payouts. They allow a maximum of $9,500 to be withdrawn every 1-15 minutes and a total of $180,500 to be deposited weekly. Bitcoin withdrawals at Bovada offer the largest payout options, with the other cryptos at Bovada having a weekly max of $2,500 at the current time. The standard limits for the other online sportsbooks offering Bitcoin can be found below:
What States Allow Bitcoin Sports Betting
There are legal sportsbooks in all 50 states that allow depositing with Bitcoin and other cryptocurrencies. The exchange sites that are used to purchase and hold crypto are regulated in the US and allow bettors to send the crypto directly to an online sportsbook with no banking or fees involved in the sportsbook transaction. There are currently zero states that do not have any online sportsbooks that accept Bitcoin, with SportsBetting having the most crypto options at 17 and accepting all 50 states.
Bitcoin Withdrawal Maximums By Sportsbook
|Sportsbook:||BTC Withdrawal Maximum:|
Legal Mobile Betting With Bitcoin
Bitcoin is the most efficient payment method for legal sports betting because the currency can be purchased, deposited into a sportsbook, used to bet on game lines, and request payouts from a mobile device. While legal sportsbooks like Bovada or BetOnline do not have downloadable apps at this time, they can be accessed from the mobile browser of a smartphone and used for all legal betting steps. Betting with Bitcoin is simple on mobile and each sportsbook has optimized their site for all mobile device betting with the cryptocurrency in the US.
Best Mobile Devices For BTC Betting
- Apple iPhone
- Samsung Galaxy
- Samsung Flip Z
- Motorola Moto G
- Google Pixel
Crypto Exchange Sites For Buying Bitcoin
Buying Bitcoin only takes a few minutes from state-regulated exchange sites that sell, trade, and buy crypto. These sites can be accessed from a mobile app and only charge small fees for every Bitcoin purchase. Most of these exchange sites are also fully functioning crypto wallets to store any Bitcoin that was not sent directly to a legal sportsbook. These sites come in handy when bettors want to cash out their bankroll because any winnings for legal Bitcoin sportsbooks can be sent directly back to the exchange site’s wallet to be cashed out.
Best BTC Exchange Sites
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.
Funding Sportsbook With Bitcoin With Cash App
One of the easiest ways to fund betting wallets with bitcoin is by using the popular money transfer app Cash App. Cash App allows users to purchase bitcoin directly from the app and fans can easily transfer these coins into sportsbook wallets with a few clicks. Bitcoin creates a crypto wallet address for users, allowing for a fast and easy method to transfer funds to and from sportsbooks using this address. Additionally, fans can purchase and sell bitcoin directly from the app and send funds to their banks easily as well. This makes it easier for players to collect their winnings with bitcoin and transfer it into regular US currency and deposit it into bank accounts.
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:
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.
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.
Is It Safe To Use Bitcoin To Fund My Online Sportsbook Account?
Do Bitcoin Sports Betting Sites Charge Any Fees To Use Cryptocurrency?
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.