Sportsbook | Types of Sports | Types of Bet Markets | Crypto Payment Options | |
---|---|---|---|---|
Sportsbook | Types of Sports Soccer, Basketball, Tennis, and 60+ more | Types of Bet Markets 1x2, Handicaps, Totals, Odd/Even, Double Chance, Prop Bets | Crypto Payment Options BTC, ETH, USDT, USDC, BNB, LTC, DOGE, SOL, ADA, DOT, AVAX, SHIB, MATIC, ATOM, LINK, FTM, GRT, KLAY, FLOW | |
Sportsbook | Types of Sports Soccer, Tennis, American Football, and 35+ more | Types of Bet Markets 1x2, Handicaps, Totals, Odd/Even, Double Chance, Prop Bets | Crypto Payment Options ADA, ALGO, AVAX, BCH, BNB, BRETT, BTC, DAI, DASH, DEGEN, DOGE, DOT, ENA, EOS, ETH, FTM, JPY, ETH, LINK, LTC, MATIC, POL, PAXG, PONKE, SHIB, SOL, TON, TOSHI, TRON, UNI, USDC, USDe, USDP, USDT, XLM, XRP, ZCASH, ZEC | |
Sportsbook | Types of Sports Soccer, Tennis, Racing, and 50+ more | Types of Bet Markets 1x2, Handicaps, Totals, Odd/Even, Double Chance, Prop Bets | Crypto Payment Options BTC, LTC, ETH, BCH, DOGE | |
Sportsbook | Types of Sports Soccer, Tennis, Basketball, and 14+ more | Types of Bet Markets 1x2, Handicaps, Totals, Odd/Even, Double Chance, Prop Bets | Crypto Payment Options USDT, ETH, BTC, LTC, TRX, XRP, BNB, SOL, DOGE, TON, USDC, XLM, BCH, TUSD, PAX, DAI, ADA, AAVE, UNI, GRT, SUSHI, BAT, MKR, YFI, MANA, SNX, COMP, LINK, BAND | |
Sportsbook | Types of Sports Soccer, Boxing, Basketball, American Football, and 27+ more | Types of Bet Markets 1x2, Handicaps, Money Line, Totals, Tie | Crypto Payment Options BTC, ETH, LTC, BCH, DOGE, XRP, MATIC, SHIB, SOL, XLM, USDT, TRC, USDC |
How much you can win per bet depends on the betting event and market that you’re participating in. A crypto platform rarely assigns a uniform maximum bet for your wagering options. So, the highest possible win is the decimal odds for the event multiplied by the maximum wager.
The speed of transactions is nearly instant for all the casinos listed, provided you use cryptocurrencies. The only factor influencing the timing is the current level of congestion on the blockchain network.
Crypto Betting Site Meaning
By choosing any of the platforms that we have recommended above, you’ll be able to:
- Bet using crypto. Many crypto platforms allow you to keep your funds in multiple cryptocurrencies, all of which you can use for wagers as well. Because of their varying prices in relation to their fiat equivalents, you’ll have a greater bet range.
- Enjoy micro-bets. This additional live gaming feature allows you to make small wagers based on real-time events.
- Avoid conversion fees. There’s no need to convert the funds into an accepted fiat currency, so you get to keep more of your deposits and winnings.
The acceptance of cryptocurrency isn’t the only thing to look forward to. You’ll be able to wager and enjoy additional betting possibilities when you use a crypto-betting site.
How to Choose a Crypto Platform
As the popularity of online sports betting grows, so does the demand for available crypto gambling platforms to supply the events and markets for users. While their availability has helped encourage these online bookmakers to offer competitive odds, it has also made it more complicated to thoroughly assess them.
So, if you want to find the best Bitcoin sports betting platform for you, create a system that ensures that every option is judged fairly. This starts by having a set of criteria by which you’re going to rank each crypto betting site.
Licensing and Regulation
An e-gambling license is something that any serious online crypto gambling platform will have. It legitimizes their operations, ensuring that the services offered do the following:
- Promote user protection. Reputable crypto betting sites follow strict regulations that have been created to retain bettors. These addresses various dimensions of safety, such as data protection, age restrictions, and more.
- Ensure fair play. With so many crypto betting sites out there, how do you know that the one you went with isn’t just going to disappear overnight? The licensing body ensures that won’t be the case by taking a thorough look under the hood.
- Answer to a higher authority. All reputable Bitcoin betting sites answer to a higher authority, and disputes that have not been resolved between the sports bettor and the platform are escalated to them.
So, no matter how great a sports betting site may be, not having a license is a deal breaker.
Reputation and Reviews
There may be a lot of crypto sports betting sites out there nowadays, but the world of online betting is still very small. The reputation of a bookmaker tells users what to expect when interacting with the platform and services. For example, if a certain online gambling site is known for great odds, then this reflects the general sports betting experience of its users.
We also looked at verified reviews to see what sports fans and punters are saying about them right now. If there’s any negative feedback, how is it addressed and resolved? It’s a given that there will be issues with any crypto betting platform from time to time, but how they respond can make all the difference.
Betting Markets and Odds
It’s necessary to have a lot of sports options, allowing bookmakers to reach a greater number of crypto bettors. Even though most bettors go for football and other popular sports, having eSports and virtual sports is also necessary.
However, as important as having many options for sports may be, it’s not sufficient for an excellent sports betting experience. When selecting the best crypto sports betting site, you should put a greater focus on:
- Betting markets. The markets refer to the ways that you can set your wager on an event. The most common in any crypto betting site is the outright or the 1x2, depending on the rules of the game. However, a comprehensive sports betting platform will also cover totals, double chance, and prop bets, among others.
- Betting odds. The odds define how much you can get if you win the wager. For the decimal format, 2.00 odds on a crypto sports betting platform means you’ll double your money.
In short, the best crypto sports betting platforms will have a lot of betting options with great returns for a win.
Mobile Betting Experience
Nowadays, mobile compatibility isn’t just a luxury for Bitcoin sports betting sites. Given how much of the market prefers to use mobile devices, it’s now a necessity. The best platforms in the crypto gambling space are expected to respond to this demand. In doing so, they can provide users with highly convenient access to various sports betting markets.
When selecting from the available platforms, how can you be sure that the crypto betting site will provide a good mobile betting experience? Try to answer these questions:
- Is the online gambling platform generally easy to navigate?
- Are all the functions and features on the desktop version available on mobile as well?
- Should I choose to do so, will I get the full Bitcoin betting experience even if I never use the desktop version?
For the best crypto sportsbooks today, the answer is yes for all these three!
Security and Privacy
Using crypto betting sites entails potentially giving personal and financial information to comply with KYC procedures. Therefore, the platform that you choose should be completely trustworthy and be able to protect your data. Here are a few things that you should look for:
- Encryption. Any crypto betting site is expected to provide end-to-end encryption, ensuring that no intercepted data will be readable.
- Protection against unauthorized access. There are many ways that the best Bitcoin betting sites prevent unauthorized persons from gaining access to your account. This can include firewalls, two-factor authentication, and passwordless signups.
- Fair and transparent policies. We also took into account the existing protocols that they have for data collection and retrieval. For example, what are the grounds for requiring account verification?
Apart from encryption, we don’t require any particular technology. Instead, we look into the overall impact of the implemented security measures on the security of crypto bettors.
Supported Cryptocurrencies
The best Bitcoin betting sites, such as those mentioned in this post, will have a larger market thanks to their superior services. To experience the sports betting opportunities on the platform conveniently, there should be a lot of safe payment options, such as:
- Bitcoin
- Ethereum
- Litecoin
- Tron
- Ripple
- Dogecoin
- Tether
- USD Coin
If the betting site doesn’t cater specifically to crypto bettors, there should be cards, eWallets, bank transfers, and voucher codes.
But even if the platform is only capable of supporting crypto transactions, sufficient variety should still be displayed. The most obvious way that this is demonstrated is through the cryptocurrencies supported. However, having the option to use a debit or credit card to buy digital coins on the crypto betting websites is a huge plus.
Bonuses and Promotions
It is completely up to the crypto sportsbook to decide which kind of promotions will be offered. While we don’t expect the top Bitcoin betting sites to offer everything under the sun, there should be more than one type of promotion available. Just like with traditional betting sites, you may see these bonuses in their crypto counterparts:
- Welcome bonus. Provided for crypto bettors who have just joined the site.
- Deposit match bonus. Gives you a bonus based on your deposit amount.
- No-deposit bonus. Promotions that provide a bonus without requiring the user to deposit money into crypto betting sites.
- No-wager bonus. Bonuses that you can choose to withdraw right after receiving them.
- Free bets. Bonus money that you can use in specific odds markets, as outlined in the promotion’s terms and conditions.
- Odds boosts. Increases the odds for the market so that you get more for your win.
- Acca boosts. Boosts your win by a certain percentage when you create accumulator bets.
- Cashback. Gives you back a portion of your net losses.
Aside from the presence of the promotions, assess their quality. Are the terms worth it for the reward that you can get? More importantly, are the conditions written clearly, leaving no room for interpretation? A lot of trusted crypto betting sites may also have a loyalty and/or VIP program where you can get even more rewards!
Customer Support
Having reliable support reduces any negative experience that the customer may be having with the platform. For example, if the crypto betting site doesn’t have the most user-friendly interface, then expert agents will be able to fill in the gap by directing the client to where they need to go. Reliable customer support also helps with the following:
- Promoting a secure and regulated environment. Any potential issue with the site can be relayed by the users, reducing the platform’s security blind spots.
- Serving in the frontline. Apart from the user interface, the customer support team helps create a lasting impression with potential new signups.
- Resolve issues. For example, if someone is having trouble transferring money from the crypto wallet, the customer support agent can forward the concern to a qualified expert or solve the issue themselves.
So, how are these achieved? With the top crypto betting options, we expect the availability of live chat and email support. This way, the user will always have reliable ways to get help and resolve their issues.
Having a comprehensive help center is also a huge plus here. Not only does it allow bettors to get answers to their queries quickly, but it also helps the customer support team focus on more complicated cases.
Responsible Gaming
The top crypto betting websites should also help bettors adhere to responsible gambling principles by providing information, access to organizations, and/or tools to help them manage their gambling activities. Such tools may include the following:
- Limit setting. Some platforms allow you to determine how much you can deposit and lose in a certain time period. A crypto betting site may even set notifications on how long you’ve been playing or log you out automatically.
- Cooling-off period. A cooling-off period lets you take a break from gambling and focus on other great things in your life.
- Permanent self-exclusion. If you believe that having access to a gambling site will not be good for you, you may also permanently exclude yourself from accessing one. We see this as by far the most common responsible gambling tool offered.
When available, you normally have to contact the customer support team via chat or email to activate any of these features. However, there are also some crypto sites that let you do it on your own through the platform itself.
Fiat vs. Crypto Sports Betting Sites
Will Bitcoin sports betting truly benefit you? In terms of sports betting options, they may be exactly the same; however, taking out your crypto wallet to use for online gambling can come with a lot of perks. To give you an idea, please refer to the table below:
Crypto Betting Sites | Traditional Betting Sites | |
---|---|---|
In what currencies can you bet? | Crypto Betting Sites Possibly both crypto and fiat. With crypto platforms, you have more options in terms of how you can transfer your money for betting. | Traditional Betting Sites Fiat currencies only. This will be limited to the currencies supported by the platform. So, if the crypto betting site doesn’t support BRL and you are from Brazil, you may lose money from currency exchange every time you transfer or bet. |
How long do transactions take to process? | Crypto Betting Sites They’re nearly instantly. With crypto transactions, there aren’t any intermediaries that can delay the transfer of funds. | Traditional Betting Sites Transactions can take as long as 5 days. Some fiat payment methods, such as bank transfers, require many checks and can only be processed during working days. |
Are you required to provide your personal details? | Crypto Betting Sites Not necessarily. Unless your activity triggers red flags according to their anti-money laundering policies, you may be able to bet anonymously. | Traditional Betting Sites Yes. Many non-crypto online sportsbooks even require your information before you cash out for the first time. This is also known as a KYC (Know-Your-Customer) policy. |
How accessible is the crypto gaming platform? | Crypto Betting Sites Very accessible. Since cryptocurrencies and crypto wallets can be used everywhere, you’ll be able to fund your account and place bets no matter where you are in the world. | Traditional Betting Sites May not be accessible. The availability of fiat payment methods is based on your location; you may not be able to bet if you’re out of funds. |
What kind of live betting features can you access? | Crypto Betting Sites Everything in fiat sportsbooks and more. Crypto-betting sites let you make microbets, which are small-scale wagers that let you place fractional bets on specific real-time events. Since blockchain-based transactions have low fees, there’s still a financial incentive for crypto sportsbooks to offer this. The use of oracles (third-party data providers for blockchain) in live betting also provides transparency on live odds adjustments. | Traditional Betting Sites You get the basics. While fiat live betting features have worked for a while, they don’t represent the best of what online gambling can bring today. There’s also zero transparency on how the live betting odds are determined, |
How safe is your money in it? | Crypto Betting Sites Very safe. Platforms based on smart contracts are not prone to fraud because the smart contracts themselves can’t be altered and are verifiable. This means that your funds will be securely locked until certain conditions are met. | Traditional Betting Sites Safe, but it could be better. Fiat sportsbooks have strong security features, but any vulnerability can spell disaster for users. |
Trends and Innovations
Crypto betting sites are the next great step in the world of sports betting, making the following innovations accessible to the market:
- Smart contract-based betting. This eliminates human error while ensuring that the payouts are disbursed once the contract conditions are met.
- Crypto-exclusive promotions. Sportsbooks are now trying to attract crypto bettors with such promotions, the most common of which are large deposit matches on crypto deposits.
- NFT-based sports betting. You may win NFTs from events and wagers. Some sports betting sites even allow you to deposit NFT into your account.
- Connecting the crypto wallet to the sportsbook. These are passwordless signups with a crypto upgrade! They allow you not only to create an account tied to the wallet but also to make deposits and withdrawals more easily.
As the industry develops, we expect to see more innovations incorporated into new and existing sports betting sites.
How to Deposit with Crypto
You can use crypto wallets like MetaMask and Trust Wallet to make a sportsbook deposit. Assuming that you’ve already set up and funded either wallet, proceed with the following steps:
- Select the cryptocurrency that you want to deposit.
- Copy the sportsbook’s wallet address.
- Paste it on the send page of your wallet.
- Enter the amount that you want to transfer.
- Wait for the confirmation.
This entire process will only take a few minutes. Then, you’ll be able to wager on any of your preferred betting markets. Good luck!
Conclusion
As you see, wagering using cryptocurrencies has a lot of benefits and modern features that couldn’t be found at traditional betting sites. It’s especially convenient for those who have only just started betting on sports. They can make micro-bets in crypto without risking too much money.
Besides, if you take into account the possibility of special bonuses for crypto players, fast transactions, safety, anonymity and accessible minimum and maximum limits, it seems that cryptocurrencies were destined for sports betting. However, there’s one drawback in this bright picture – many sportsbooks still don’t accept crypto.
Fortunately, we’re covering your back by putting together a list of the best crypto sportsbooks. Choose any of them and be sure that you will have a good time!
FAQ
What should I look for in a good crypto sportsbook?
When choosing which of the available crypto gambling sites you should use, consider the following factors:
- Licensing
- Reputation and user reviews
- Betting markets and odds
- Mobile betting experience
- Security and privacy
- Supported cryptocurrencies
- Bonuses and promotions
- Customer support and responsible gambling
These are the most basic factors that should be considered for a safe and seamless betting experience. However, you should also think about other things that are important to you too. For example, if you like watching live football matches, you should choose a Bitcoin betting site with a live streaming feature and partnerships with football leagues.
Are sportsbook bonuses worth claiming?
It depends on the crypto betting bonuses that you’re talking about. Whether or not a bonus is worth your time will depend on various factors, such as:
- The actual reward that you can get. A 100% deposit bonus is always more attractive than just 10%.
- Whether or not it’s aligned with your sports betting activities. This is a non-issue for promotions like cashback, where you may already be eligible without actively participating. However, free bets on football events may not have a lot of value for someone who prefers betting on basketball.
- Fairness of the terms. High wagering requirements can make a bonus not worth it if you only bet on major sporting events. The same goes if the odds needed are too high to meet the turnover requirement.
Even if a bonus meets all your standards for these 3 factors, make sure it’s from a crypto sports betting site.
How can I verify if a crypto sportsbook is safe and legitimate?
When assessing how safe an online betting site is, look into three things: what the crypto betting site claims about itself, what others say about it, and your first-hand experience. At the most basic level, any sports betting platform must have a reputable license and use certain technologies such as SSL/TLS encryption. The payment methods supported should also be secure.
Overall, the claims that the Bitcoin sports betting platform makes must be aligned with the general experience of users. Any stark difference can be flagged as a security and legitimacy issue. After all, it is dangerous to trust any institution that can’t keep true to its word.
What are the benefits of using cryptocurrency for sports betting?
Bitcoin sports betting sites provide benefits that you won’t see on purely fiat gambling platforms. At the surface level, Bitcoin and other cryptocurrencies expand the options that sports bettors have for transferring their money. Crypto transactions are also faster, making them great for those who want to know exactly where their money is.
You can even benefit from sudden price fluctuations! When converted to fiat, the value of your crypto win can also grow over time.
Can I bet on live events at most crypto sportsbooks?
Yes. Bitcoin betting sites have a lot to gain by keeping the odds offered on the market as long as possible. Therefore, through live betting options, they rake in more vig from users. If you’re interested in live sports betting markets, you don’t have to look further than a sportsbook’s home page. It has become the norm to put them there so that last-minute wagers can easily be placed.