How BTC Betting Works – Best Bitcoin Sportsbooks Listed

Bitcoin betting is getting more popular as the days go by. It’s quite similar to regular betting where players use fiat-based currencies for their wagers. Of course, keep in mind the fact that there are multiple distinctions between the two as well.

Sportsbooks offer better and drastically bigger promotional offers on Bitcoin deposits. This is very natural as there’s no longer a middleman involved, in the form of a bank. Sportsbooks don’t want them involved any more than you do. Statistically, Bitcoin betting sites have bonuses that are double the size of traditional bookmaker promotional initiatives. Specifically, Initial deposit bonuses are drastically higher, the company is more likely to match a hundred percent of your Bitcoin deposit because the maximum limits are higher with digital currency. The same could be said about the reload bonuses.

Deposits with Bitcoin can never be rejected as there’s no third party involved which makes the experience as anonymous as one pleases. The only time you’ll have to reveal some information about yourself is when you buy Bitcoin on an exchange. Your sportsbook does not receive any of your financial details when you send Bitcoin to them. Which is a huge perk of BTC betting.

One of the biggest advantages of using Bitcoin is the fact that there are no commissions, unlike fiat-based payments enforced by banks, credit cards, or e-wallets. The only thing you have to pay for is the transaction fee when you are withdrawing your digital coins, which has nothing to do with any sportsbook as it is a financial operation dependent on your cryptocurrency.

Top 3 BTC-Friendly Betting Sites

Many sportsbooks have joined the wave of cryptocurrency boom in the last decade. As of now, it has become a standard of sorts to cater to the digital market as well. This is why you will find that the best Bitcoin betting sites always try to integrate cryptocurrency users into their demographic. Many of them offer both fiat and digital coins as depositing options. The sites that we have included in our top three list have mastered and carved a specific element of gameplay and have adapted their policies on promotions and sports betting to better apply to the needs of a modern-day gambler in the digital age. These are the sites that are best at doing so

  • CloudBet
  • Stake
  • Thunderpick

They have eloquent design and a very easy to grasp depositing system for cryptocurrency users. They don’t just accept Bitcoin, their list of digital coins is quite extensive and gets longer every day as the market for it progresses. As a bonus, all of these sites also have casino sections filled with the newest slots and card games. These BTC betting sites are aware of the modern trends of the industry, therefore it’s no surprise that they offer a huge catalog of electronic sports bets as well.

TOP CHOICE

Cloudbet

Year Established

2013

100% Up To 5 BTC

Get Bonus

Licence

Tech Provider

Coins

Processing Time:

Instant

Cloudbet crypto bookie specializes in sports and eSports betting. Check 20+ sports, 10+ eSports and claim a 100% first deposit bonus!

ThunderPick

Year Established

2017

5% Up To $500

Get Bonus

Licence

Tech Provider

Coins

Processing Time:

Instant

Grab up to €500 as a bonus on ThunderPick! Sign up within seconds and bet on nearly 30 different sports with 5 cryptocurrencies!

Stake

Year Established

2017

200% Up To $1000

Get Bonus

Licence

Tech Provider

Coins

Processing Time:

Instant

With more than 40 different sports and eSports for betting, Stake crypto bookmaker has one of the best odds. Join the race, win $1,000,000!

Note that CryptoBetting may be compensated when you click the link. Visit our affiliate disclosure page for more details.

CloudBet

cloudbet sportsbook logo

Sports: 44

Coins: BTC, BCH, ETH, USDT, and 5 others

Bonus: 100% on deposit

License: Curacao

This site has a simple yet intriguing design which makes it easy to use. The list of sports is very long including some of the most popular activities like basketball, soccer, tennis and many more. However, you can also see that they offer bets on MMA, handball, snooker, floorball, and other nontraditional sports activities.

The list of promotional offers is just as extensive, the site has a welcome bonus that matches your capital 100%, To qualify for a Cloudbet welcome bonus, you must make a minimum deposit of 0.01 BTC. Reload and cashback bonuses are very popular on online Bitcoin betting sites.

“Mega Match Mondays” is another popular promo which is a 50% reload bonus that goes up to 25 BTC, one needs to make a minimum deposit of 1BTC to qualify for this offer. Cloudbet likes to keep its users engaged, this is why there are multiple holiday tournaments and championships as well. At the moment Cloudbet Maddens championship is taking place where one can win up to five thousand dollars equivalent to Bitcoin. If basketball is your choice of betting activity, by all means, check out this initiative and reap the benefits of it.

On CloudBet live betting is available, which is terrific news for all the players. They like to reward active users of the site, this is why you can collect loyalty points on the site, which you can use to exchange for benefits.

Sign Up on Cloudbet Here!

Stake

stake sportsbook logo

Sports: 38

Coins: BTC, ETH, LTC, DOGE, BCH, XRP, TRX, EOS

Bonus: 200% up $1000

License: Curacao

Much like Cloudbet this BTC online betting site has a very good design and the basic infrastructure of the site is eloquent. It’s easy to navigate and pleasing to look at. The list of available sports is quite extensive. It includes well-known and less popular sports. There’s something for everyone here. Not to mention the esports options on the site which are just as many as the regular sports department. Stake doesn’t even differentiate between the two. One can find tournaments of their favorite video games listed alongside soccer or tennis championships. Stake has fully embraced the newly established electronic sports world.

The site is very functional not only because of its great design but also because of the choices of how the upcoming or in-play matches are laid out on this Bitcoin betting site. You won’t need to scroll endlessly, you can find the perfect wager by using the filter option by which the games are categorized.

The promotional offers on the site are just as impressive. The sportsbook does not give any temporary promotional incentives. Every 24 hours, one can claim two “free cash” bonuses, other offers are for casino users as the site has an extensive casino section as well.

Stake also has daily promotional offers like the NCAA Bonuses Special, which one can use to win three dollars or its Bitcoin equivalent in bonus for every three points one’s chosen team scores. With the NCAA March Madness Half Time Insurance on Stake BTC online betting site, you can get a massive cashback as well. If you prefer Baseball “MLB 9th Innings Payout” might be a perfect fit for you as you can win up to 100 dollars or its equivalent in BTC, if you bet on the winning teams on all MLB matches, and if they lead at the beginning of the ninth inning. Active consumers of the site get discounts, incentives, and tournaments.

Sign Up on Stake Here!

ThunderPick

thunderpick sportsbook logo

Sports: 29

Coins: BTC, ETH, LTC, BCH, XRP, USDT

Bonus: 5% up to $500

License: Curacao

The dashboard of this online Bitcoin betting sportsbook is eye-catching and informative. The categorization of the various games takes the form of a list that can be scrolled through to identify particular championships or tournaments. For example, if we go to the football section on Thunderpick, we can see that the dashboard is loaded with numerous matches that warn customers about the game’s stakes through the use of odds.

Technically there are no bonuses on the platform, and there are no deposit bonuses anywhere on the site. Multiple giveaways, on the other hand, occur regularly.

As a member of the site’s VIP club, you’ll get exclusive gifts and discounts that aren’t open to regular users. They will normally only participate in the BTC betting site’s daily giveaways. The best part about these promotional deals is that you don’t have to follow any particular conditions to take advantage of them. There is always a limit on how much a daily consumer will bet. The maximum for VIP members of the platform is higher than the norm. This improves your chances of winning more money.

Sign Up on Thunderpick Here!

Other Bitcoin Betting Sites – Our Recommendations

We have already given you information about our top three picks of Bitcoin-friendly sportsbooks. We would like to follow up with you on this matter and give you additional information about four more betting sites where you can have a great Bitcoin betting experience.

BetFlip

Coins

Deposit Bonus

111% up to $1500

Get Bonus

Licence

Sportsbet.io

Coins

Deposit Bonus

Changes Every Month

Get Bonus

Licence

Arcanebet

Coins

Deposit Bonus

100% up to $30

Get Bonus

Licence

Note that CryptoBetting may be compensated when you click the link. Visit our affiliate disclosure page for more details.

BetFlip

betflip sportsbook logo

Sports: 27

Coins: BTC, LTC, ETH, BCH, DOGE

Bonus: 111% up to $1500

License: Curacao

By comparison of categorization, we would say the site is more similar to Cloudbet as it has distinctive sections for every service and product they provide to their consumers. but with its slick and modern design, one gets reminiscent of Stake. We would say as much that Betflip is kind of a mixture of the previously mentioned Bitcoin betting bookies. Unlike Stake, they have gone in the opposite color palette and have opted for a lighter look and feel for the interface of the site, with the use of white, blue, and yellow.

The promotional offers on Betflip are quite extensive. It is an important aspect of any sportsbook. Fortunately, this is a business that provides a range of bonuses to its clients. One can start with a 111 percent First Deposit Bonus of up to 1500 dollars or its Bitcoin equivalent, which you can use to wager on any of your favorite sports. To qualify for this bonus, you must first register and deposit at least 10 dollars or its crypto equivalent in the Sports Bitcoin Bet section. Since incentives are never enough, BetFlip Casino offers a generous Welcome Package that includes bonuses on the first ten deposits. Yes, the first ten depositors will receive bonuses right away. In addition to the cash bonus, they offer five hundred free spins on their casino section which will allow you to win big without putting any money on the line.

Sign Up on Betflip Here!

Sportsbet.io

sportsbet sportsbook logos

Sports: 29

Coins: BTC, LTC, ETH, USDT, XRP, TRX

Bonus: Changes every month

License: Curacao

The site’s design is clean and simple, with dark tones for increased productivity. It is very simple to place bets on the platform. Select your favorite sport at the top of the dashboard, and the platform will automatically display a list of active games grouped into leagues or tournaments, depending on the nature of your sport. On this BTC online betting site soccer is organized into leagues. You can also sort the games by their time of occurrence; for example, you can choose between in-progress games, games that will be played in the next 24 hours, or games that will be played in the future.

Sportsbet.io offers promotions to its sportsbook and casino customers. In this analysis, we will only cover current sports fan promotions, such as the multi-master deal on basketball matches during March and esports-based intense deals. Both of these offers have an end date, as do all of their offers. So get it while it’s all new and fresh.

Sign Up on Sportsbet Here!

ArcaneBet

arcanebet sportsbook logo

Sports: 20

Coins: BTC

Bonus: 100% up to $30

License: Curacao

This Bitcoin betting site has a clear and colorful design combined with high functionality. Much like previously mentioned bookies, this one has an extensive casino section as well. It offers wagers on a variety of sports starting from soccer to Waterpolo.

The promotions on the site are rather interesting. There’s a special welcome bonus for sports betting activities. It’s a 100% bonus that goes up to 30 euros or its Bitcoin equivalent. To take part in this bonus you just need to use the code “arcane30” and then enjoy your winnings.

A 15% cashback bonus is another promotional feature of the site. You can play or bet as much as you like as the wagering requirement for this promo is just 1x. You may withdraw at any time on Arcanebet, but if you do, your entire bonus balance will be confiscated if you have not yet completed the rollover.

The online Bitcoin betting site also has a VIP club where the members get exclusive features like a dedicated account manager and the promotions specifically customized for the club members.

Sign Up on Arcanebet Here!

The Absolute Best Bitcoin Sportsbook

Cloudbet

Coins

Deposit Bonus

100% Up To 5 BTC

Get Bonus

Licence

Note that CryptoBetting may be compensated when you click the link. Visit our affiliate disclosure page for more details.

How To Deposit & Withdraw BTC on Sportsbooks

You’ll need to have information about yourself when doing any kind of financial activity with Bitcoin. This includes depositing, buying, and withdrawing. One needs to do this so that one’s transaction can be authorized. This may be a unique QR code or a very long link with many letters and numbers specifically generated for you. If so you ought to copy it from the e-wallet of your choice and paste the link into the blank space once the sportsbook of your choice demands so. Since most wallets have very high-tech security in place, one will need to go through a few steps on any of the Bitcoin online betting sites before one is finished with this process.

Deposit

Depositing your assets with Bitcoin on sportsbooks is an easy and uncomplicated process. On all of the sites, we have discussed one needs to follow a simple procedure to successfully make a deposit. We are going to give you a step-by-step guide on how to do so.

All you need to do is click on a few buttons and it will be a matter of a few seconds.

  • Firstly verify your account on your chosen platform using an email
  • Click on the payment options on the homepage or go to your account profile
  • In those categories look for and then click the “Deposit” symbol
  • Copy the address and paste it into the payment window

Withdraw

Simply click on your username, which is usually located in the top right corner of any BTC betting website, to withdraw your funds. Then pick withdrawal, which will take you to the transaction phase page you were searching for.

All you have to do now is enter the number of BTC you want to withdraw and the destination address.

FAQ on Bitcoin Betting

Can you bet with Bitcoin?

Yes, You can. Even though Bitcoin is not a legal tender, it is still widely used in certain communities and industries. The sportsbook and casino industry is divided on this topic as some of them do let you use their services with Bitcoin, while others don’t and only take fiat deposits. Blockchain-based platforms, as previously mentioned, may provide advanced layers of protection that other betting platforms do not. Esports Bitcoin betting with Bitcoin is becoming more common, and Bitcoin is the most commonly accepted cryptocurrency for esports bets. In the virtual world, esports betting and cryptocurrency have a partnership that connects the two evolving industries. Because of the virtual currency’s encryption, ease, and transparency, crypto esports betting is gaining popularity among those who enjoy betting on both traditional sports and esports.

How do you use Bitcoin for sports betting?

The first move is to sign up for a Bitcoin wallet on Bitcoin’s official website. You’ll either have to buy coins from other users or mine your own. You’ll be able to deposit Bitcoin into your online sportsbook account once you’ve completed this phase. Select Bitcoin as your banking method in your online sportsbook’s deposit portion. A web address will be given for you to log into your Bitcoin wallet. Put this address in your Bitcoin wallet, along with the sum you want to send.