Getting started with Bitcoin Sports Betting
Whether you’re an avid follower of the Premiership who enjoys a flutter on your favourite team from time-to-time or a big fan of horse racing, you have an exciting selection of places where you can choose to bet on popular sports online.
Right now, the biggest thing in the online gambling industry is Bitcoin sportsbetting, and it allows people who own Bitcoin and other major cryptocurrencies to place wagers on a range of sports markets, including football, rugby, tennis, greyhounds, boxing, and more.
Thanks to Cryptocomparer, you can locate the best and most popular sports betting sites in a heartbeat.
We’ve rounded up a thoroughly-vetted collection of Worldwide Bitcoin sports betting sites where you can have a flutter on everything from tennis to golf using one of the world’s most-accepted cryptocurrencies.
Because we’ve reviewed each of the Bitcoin sportsbook brands on our website, you can save valuable time in carrying out the research yourself, and avoid joining any disreputable or unfair operators.
We’ve taken into consideration many factors, including how many markets are available to bet on, what payment methods are accepted, the pay-out speeds, customer service, welcome offers, promotions, and licensing and regulation.
However, the list of cryptocurrency-friendly sports betting sites that we recommend is somewhat of a moveable feast as we’re always on the lookout for fresh and exciting new options that our readers can discover. So, be sure to bookmark this page if you want to be one of the first to know about the latest Bitcoin sports betting launches.
We also examine and rate Bitcoin casinos, lotteries, and poker sites. Therefore, if you enjoy online betting in general, don’t forget to check out our other recommendations.
As we always aim to be unbiased with our reviews, we point out both the pros and cons of each site so that you can consider what aspects of Bitcoin sports betting are least/most important to you, and decide which site suits you best.
Bitcoin Sports Betting Q&A
With Cryptocomparer at your disposal, you’ll be able to identify a sports betting site that offers your preferred cryptocurrencies both quickly and easily. But we appreciate that you might have some questions which you’d like the answers to before you pick a site and sign up as a member.
Below, we’ve included a list of FAQ which will hopefully give you the information that you require.
Q. How do I find a fair site to join?
A. To make sure that you only entrust your cryptocurrency with reputable operators, we recommend that you look for evidence of a gambling license. You can usually find this in the terms and conditions.
Other indications of an operator’s fairness include a clearly-explained fair play policy, published pay-out rates and withdrawal processing times, and online player reviews.
Q. Is it as easy to bet with Bitcoin as it is with real money?
A. Yes, it is! While many popular worldwide sports betting brands still accept payment in Euros and GBP via e-wallets, credit and debit cards, and online bank transfers, sites that allow you to make deposits and withdrawals using popular cryptocurrencies are just as easy to use.
One of the first things that you’ll need to do (if you haven’t already) is download a Bitcoin e-wallet to your mobile or PC. N.B., wallets that use two-factor authentication are the most secure.
Next, head over to a trusted cryptocurrency exchange to purchase the required amount of BTC, which will then be credited to your wallet.
The final stage is to visit the Cashier or Banking page at your chosen Bitcoin sports-betting site and click the Deposit button to add funds from your wallet to your sports betting account.
Q. Is betting with Bitcoin legal?
A. Most Bitcoin sports betting sites are licensed to take bets from players who live in locations where it is legal to bet online. However, you should always check the terms and conditions to ensure that you are allowed to open an account. For example, US-facing sites are often unable to serve punters from the UK.
Q. What kind of markets can I bet on?
A. The number and variety of markets that you can bet on at Bitcoin sports betting sites differ from site-to-site. The most popular sports such as Premier League, NBA, NFL, NHL, and horse racing are the most commonly found. But some operators also offer more niche sports-betting markets such as MMA, water polo, hurling, and bandy.
eSports like Counter-Strike: Go, League of Legends and Defence of the Ancients can also be enjoyed at some Bitcoin sports-betting sites.
Q. Do Bitcoin sports-betting offer welcome packages?
A. The majority of Bitcoin sports betting sites offer some form of new-player incentive. However, these are subject to change, so it’s always best to check the Promotions page of any sites that take your interest before you consider signing up.
In our experience, you can get up to 5 BTC when you make your first qualifying deposit at some of the best-known brands.
Q. Can I play anonymously?
A. If you’re keen to protect your identity and personal details, a Virtual Private Network like IPVanish can cloak your online activity from your ISP and make you less prone to being hacked. But, the sports-betting site may still ask you to give them your full name, address, and date of birth to comply with their legal requirements.
Q. Can I bet with other cryptocurrencies?
Although a higher proportion of Bitcoin sports betting, lotteries, casinos, and poker sites accept Bitcoin, there is an increasing number that let you bet using other cryptocurrencies such as Ethereum, Litecoin, and Ripple.
Q. What’s the minimum bet size?
A. Usually, the minimum wager that you can place at online sports betting sites is 1 mBTC (or 0.001 BTC), and the same amount often applies when making a deposit to your sports betting account.