How to Deposit and Withdraw With Bitcoin at a Sportsbook

• Deposit in Bitcoin at most of these books and you get a bigger welcome bonus than the same book pays on a card. Two break that pattern. BetOnline pays the identical offer either way, and BookMaker.eu’s card bonus edges out its crypto one.
• The book charges you nothing to deposit Bitcoin. The Bitcoin network still charges a miner fee to confirm the transfer, and the book neither sets that fee nor always covers it.
• A Bitcoin withdrawal is the fastest way to get paid at every one of these books, ahead of a card, a check, or a wire.
• Regulated apps mostly still don’t take Bitcoin. DraftKings is the lone exception, in four states, and it converts your coin to cash on arrival. Want a Bitcoin balance you actually hold and bet from? Offshore is where that product exists.

None of what follows is a blockchain explainer. You either hold Bitcoin already or you’re about to buy some for exactly this purpose. What you need is the bonus math, the payout clock, the network fee that lands on top, and the one deposit mistake that costs you the whole transfer.

BetNow pays the most for a Bitcoin deposit. BookMaker.eu pays out the fastest. The other four sit in between, and all six take the coin on their own cashier pages today.

The bonus column is each book’s Bitcoin-specific offer, not its standard sign-up bonus, and it is what a Bitcoin depositor receives on a first deposit. These are sportsbooks available to bettors in most states. They are never legal in the way a state-licensed app is legal, never US-licensed, and never regulated by a state gaming commission.

BetNow tops the list on bonus size alone. Its 125 percent Bitcoin welcome bonus caps at $2,500, more than three times Bovada’s crypto offer and ten times BetOnline‘s flat $250. Ready to move? Open an account, pick Bitcoin in the cashier, and the bonus applies to your first qualifying deposit automatically.

Once your wallet is funded, Bitcoin is the shortest of the sportsbook deposit methods these six books offer. Four steps, and only one of them can cost you money.

Step 1: Get Bitcoin Into a Wallet You Control

If you don’t hold any Bitcoin yet, buy it first through a crypto exchange or a crypto-purchase app. It has to land in a wallet you control, or in an exchange balance you can send out from. A balance stuck on an app that can’t send to an outside address does you no good here.

Step 2: Open the Cashier and Choose Bitcoin

Sign in at the book and head to the cashier or banking page. Pick Bitcoin from the deposit list, then enter the amount in dollars or in BTC, depending on how that cashier asks for it.

Step 3: Send to the Address or QR Code the Cashier Gives You

The cashier generates a one-time deposit address or QR code for that transaction. Copy it exactly, or scan the code, and send from the wallet you funded in Step 1. Send to the wrong network or the wrong coin, a Bitcoin Cash address instead of a Bitcoin one, and the deposit is gone for good with no way to reverse it. It’s the only step here that can cost you the entire deposit.

Step 4: Wait for Network Confirmations, Then Check the Balance

The Bitcoin network has to confirm the transaction before the sportsbook credits it, so a deposit doesn’t always show up the second you send it. Once the required confirmations clear, the balance appears in the cashier and you can bet it.

Bitcoin Deposit Limits and Fees

The deposit minimum and the bonus-eligible minimum are two different figures at some of these books. MyBookie’s cashier takes a Bitcoin deposit from $20, but its Bitcoin bonus needs $50 to qualify. Everygame takes $25, and its Bitcoin bonus also needs $50. BetNow’s own Bitcoin page states a $40,000 maximum, while its general banking page lists a higher ceiling for higher customer tiers. The table below shows straight deposit limits. Bonus terms are a separate question.

That fee column is what each book charges itself, and at all six it’s zero. The Bitcoin network’s own fee still applies on top of it.

A Bitcoin deposit buys you a bigger bonus at four of these six books, because crypto costs a sportsbook less to process than a card network does. BetNow, MyBookie, Everygame, and Bovada all pay more in dollars for a Bitcoin deposit than for a card deposit. The other two break the pattern. BetOnline pays the same 50 percent up to $250 however you fund, and BookMaker.eu’s 25 percent card bonus beats its 20 percent crypto bonus at the identical $500 cap.

Bovada is the cleanest comparison, because its card and crypto offers share one structure. Both are a straight deposit match with the same 5x rollover on deposit plus bonus, differing only in percentage and cap.

A $300 deposit at Bovada draws $150 in bonus on a card and $225 in Bitcoin. That extra $75 is not free money. Both versions carry the same 5x rollover on deposit plus bonus, measured against a bigger starting figure. The card version wants $2,250 in graded sports wagers before the money is withdrawable. The Bitcoin version wants $2,625. You wager an extra $375 to collect an extra $75.

Rollover multiples across the six run from 5x at Bovada to 12x at Everygame and BookMaker.eu, and most attach some form of maximum-bet limit while the bonus is live. Bovada holds sports wagers to 50 percent of the deposited amount until the bonus clears, the most specific such rule of the six.

How Fast a Bitcoin Payout Actually Lands

Bitcoin pays out faster than anything else these six books offer. Two clocks are running, though, and most write-ups quote only one. The first is the book’s own processing window, the time staff take to review and approve your withdrawal request. The second is the Bitcoin network’s confirmation time, which no sportsbook controls. Mashing the two into a single figure is how sportsbook payout speed gets oversold.

Compare that with a paper check from the same books, which takes 3 to 15 business days to reach you by courier. A bank wire isn’t much quicker, often a week or more.

What a Bitcoin Transaction Costs You

“No fees” on a Bitcoin deposit or withdrawal means the sportsbook is charging you nothing of its own. The transfer still costs something. The Bitcoin network pays a fee to the miners who confirm it, priced by how congested the network is at that moment, and the sportsbook has no hand in setting it.

Whether a book eats that network fee on a withdrawal or passes it to you splits the six. Bovada charges nothing itself but notes that miner fees are possible on top of its own zero. BetOnline lists Bitcoin withdrawals as free on its fee schedule, while several other coins on that same schedule carry a stated BetOnline fee. MyBookie, Everygame, and BookMaker.eu each state a flat zero with no exception noted. BetNow charges nothing on either side of the transaction.

The network fee is a small flat cost that doesn’t scale with the size of the transfer. Against a $1,000 deposit it barely registers. Against a deposit near a book’s minimum it’s the same few dollars, and it takes a much bigger bite. Fund close to the floor and expect that fee to matter far more, proportionally, than it does on a big transfer.

Yes, if you already hold Bitcoin and you’re depositing a meaningful amount. Less clearly if you’re starting from zero with a small deposit in mind.

Two advantages hold up under scrutiny, and neither is a vague appeal to privacy or novelty. The bonus is bigger at four of the six. The payout beats a check or a wire at all six. If the coin is already sitting in your wallet, that’s enough to use it.

The case against is just as concrete. A Bitcoin balance parked between a deposit and a withdrawal rides the coin’s own price. Send $300 today and it can be worth more or less than $300 the day it clears back out. A card or bank balance holds its dollar value from the day you deposit to the day you cash out. That swing is a cost or a windfall a card depositor never takes on.

There’s no chargeback on Bitcoin either. A card deposit gone wrong, an error, a dispute, a stolen card, can be reversed through your bank. A Bitcoin deposit sent to the right address can’t be undone by anyone once the network confirms it, the sportsbook included.

If you don’t hold Bitcoin yet, using it adds a step most card depositors skip. You open an exchange account, buy the coin, and usually pay a small purchase fee to do it. On a large deposit, the bigger bonus swallows that setup cost easily. On a first deposit near a book’s $20 or $25 minimum, it doesn’t. Buying Bitcoin for the first time to save a few dollars in fees on a $20 deposit, then carrying price risk for it, is a wash at best.

The verdict. Worth it if you already hold Bitcoin and you’re depositing $200 or more, where the bigger bonus and the faster payout outweigh the price risk every time. Not worth setting up from scratch for a first deposit under $50, where the exchange fee, the extra step, and a few days of price exposure can erase the whole advantage over just using a card.

A licensed sportsbook’s cashier is built to a state gaming regulator’s know-your-customer and anti-money-laundering rules, and those rules want funds traceable to a verified bank account or card in the account holder’s own name. A Bitcoin transaction carries no identity link of its own. That keeps it outside most state cashiers by rule rather than by choice.

DraftKings is the closest thing to an exception. In early 2026 it announced crypto-to-cash funding in Illinois, Kentucky, New Hampshire and Vermont: a third-party service converts the customer’s crypto to dollars before the deposit reaches DraftKings, which never accepts or holds cryptocurrency itself. Massachusetts, DraftKings’ home state, barred the method by rule in December 2025.

That conversion mechanic is the whole difference between DraftKings’ four-state product and every book in the table above. Legal sports betting apps turn Bitcoin into cash on arrival. The six offshore books let you hold and bet an actual Bitcoin balance. If that’s the product you want, offshore is where it exists, and not because of a loophole.

1. Six of the seven sportsbooks we review take Bitcoin. BetNow, MyBookie, and Everygame lead the Bitcoin sportsbooks on bonus size, and BookMaker.eu pays out the fastest.
2. The bonus is bigger at most of these books and the payout beats a check or a wire, but the network fee and the price risk on a held balance still cost you something.
3. Regulated apps stay closed to Bitcoin outside DraftKings’ four-state conversion product, so those six offshore books remain the only place to hold and bet an actual Bitcoin balance.