Best Crypto Betting Sites in 2021
Are you looking to get in on the crypto sports betting experience that’s increasingly becoming popular among online casinos? Cryptocurrencies, such as Bitcoin offer various advantages over traditional FIAT payment methods and suit customers seeking better privacy. However, not all cryptocurrency betting sites you encounter are desirable. It is vital to review each independently and against others to find the best option. Fortunately, the best crypto sites have various hallmarking attributes that distinguish them.
In the next sections, we cover crucial things you should know about cryptocurrency betting sites before signing up. Our review focuses on sports betting and provides information about how to find the best crypto sportsbooks, betting, currency options, pros and cons, among other vital aspects. We also have a list of the best betting websites that accept popular coins, such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dogecoin, etc. However, we recommend reading to the end for more insights about crypto betting.
Best Crypto Sportsbooks for Cryptocurrency Users
What is Crypto Sports Betting?
Crypto sports betting is precisely what the name suggests. Players can bet on their favourite sports and markets using cryptocurrencies. Some operators support cryptos only while others feature various cryptocurrencies alongside traditional credit cards, eWallets and prepaid cards. Generally, it involves depositing and withdrawing using Bitcoin or other supported cryptos. Players have access to a wide range of dedicated casinos featuring sports betting. Many sports betting sites also convert funds to FIAT for betting. None is necessarily better, so it is vital to choose based on your needs and preferences.
How to Bet with Cryptocurrency?
As aforesaid, there are many types of crypto gambling sites. Most are regular casinos that support a litany of payment options, including cryptocurrencies. Some are dedicated to cryptos and process everything, from deposits to bonuses and withdrawals, using cryptocurrency. Betting with cryptocurrency is effortless and requires the following steps:
Get a Wallet
Before you send bitcoin or your preferred currency to the sportsbook, you should have somewhere to store them. Cryptocurrencies require a wallet where you can safely store your funds. Players can choose between digital wallets and hardware wallets. Both are safe, but we recommend digital wallets as they are easier to use and more convenient. Note that wallets store different types of currencies, so your Bitcoin wallet may not have support for LTC or ETH coins
Once you have a wallet, you should get some coins. There are various ways to acquire cryptocurrencies, including mining, trading and buying. For players, buying currencies from an exchange site, such as CoinPayments, is the easiest option. You can purchase Bitcoin for as little as $10 and $20. Every cryptocurrency has a FIAT value at any given point and you can buy with money from your bank, eWallet, or any other financial system supported by the exchange site.
Find a Trusted Crypto Sportsbook
Now that you have coins to bet, it is time to find a reliable gambling site. Not all websites are secure and legitimate. We cover more about choosing the best crypto betting site below. In general, you should join a platform with a valid gambling license, provably fair games, many sports, matches and markets, adequate player data protection and reliable customer service.
There are two ways to deposit crypto to a casino or sportsbook. The easiest is through the cashier lobby on your sportsbook. Simply navigate to deposit section and select your preferred currency. Next, specify the address of your wallet and the number of coins you want to transfer. Alternatively, you can log into your wallet and send the funds to the sportsbook address. Make sure you check the bonus terms and minimum deposit required to claim before sending funds.
The last step is to choose your favourite game and place a bet. Some casinos convert the funds while others allow you to play with crypto. Online players can wager on a wide range of games, including soccer, football, volleyball, rugby, basketball, hockey, cricket, boxing and so forth.
Cryptocurrency Betting Sites
There are many types of cryptocurrency sites and most take after the coin they support. For instance, Bitcoin betting sites are named after their support for BTC payments. On the other hand, Litecoin’s online betting platforms are known to support LTC. Some platforms permit a dozen of cryptocurrencies. However, most can be classified into the following major currencies:
- Bitcoin: BTC is the world-leading cryptocurrency and most websites accept payments in Bitcoin. Some support Bitcoin only and it is daunting to find those featuring other cryptos without including BTC. Even so, not all BTC gambling sites provide a remarkable betting experience.
- Ethereum: ETH is another popular coin, second only to bitcoin. It gained popularity for introducing smart contracts and features in virtually all platforms that support cryptos, except for BTC-only websites. Ethereum is also significantly cheaper than bitcoin, making it a decent option when looking to get started with cryptocurrency betting.
- Litecoin: LTC works more like Bitcoin and is one of the first cryptos to emerge. There are many Litecoin sites and the coin provides some of the fastest transactions. Speedy payout is one of its greatest selling points but LTC is equally secure and popular.
- Bitcoin Cash: Known as a fork of BTC, Bitcoin Cash was designed to increase block sizes, allowing more transactions and scalability. It has increasingly become popular since it was created in 2017 and is cheaper than BTC.
- Dogecoin: DOGE or Dogecoin was released in 2013 and has retained popularity among online users. It is another option when looking to play with crypto. Dogecoin is also free of traditional transaction fees.
- Other: There are more than a dozen reputable cryptocurrencies and hundreds more available in the market. We recommend sticking to the stable currencies mentioned above. Other top cryptos include Ripple (XPR), Binance Coin (BNB), Cardano (ADA), Polkadot (DOT) and Tether USD (USDT), Monero (XMR) and many more.
How to choose a Crypto Sportsbook
Finding a cryptocurrency sports betting site shouldn’t be a problem, as many online casinos allow popular coins. Nonetheless, gamblers must focus on finding a trusted option that suits their betting style. Here are the top aspects we review to find the best sportsbooks:
Many online operators accept cryptocurrencies and all claim to have the best offers. It is important to stick to websites with a legitimate gambling license from a credible agency. Some of the popular licenses you’ll encounter include:
- UK Gambling Commission (UKGC) license
- Curacao eGaming License
- Malta Gaming Authority (MGA) license
- Alderney Gambling Control Commission (AGCC) license
You can find other independent casino licenses from the USA, Canada, Australia, Asia and several other regions with fully regulated gambling industries. Simply make sure the website has a valid license from any of the above agencies.
Although sports betting relies on professional match outcomes, it is still vital to choose platforms certified for fair play, especially if the website also provides casino games, virtual sports and fantasy sports. Any game that uses a software or random number generator (RNG) can be rigged to benefit the casino, so players should choose platforms with games independently audited by reputable firms in the industry, such as eCOGRA and iTech Labs.
Security and Privacy
Safety is another crucial aspect of review when playing online. You should review the terms of service to determine if the casino has any measures to protect player data from third parties. More importantly, you should choose operators with the latest SSL certificates and antivirus, secure payments and technical support. We also review the sportsbook track record for breach history and player complaints.
Some brands focus on the most popular games, while others offer a one-stop betting shop featuring all major tournaments and matches. We fancy operators that have a wide range of games, including horse racing, football, volleyball, basketball, tennis, golf, racing, boxing and other popular disciplines. Some platforms also have a casino lobby featuring virtual sports bets, slots, blackjacks, racing games, roulettes, poker and so forth. You can explore virtual games as you wait for sports matches.
Bonuses and promotions are the highlight in most online casinos and offer players the chance to place more bets. Crypto sportsbooks offer a myriad of promotions, including welcome packages for new players, deposit bonuses, refunds, special gifts, VIP programs and more. We cover more about crypto sportsbook bonuses in the promotions section below.
Issues are bound to arise when betting online. Log-in and account problems, delayed deposits/withdrawals, live betting glitches, and bonus ambiguity are a few common challenges that make exceptional customer service a vital aspect of review when joining online casinos. Players should choose sites with multi-channel support, including 24/7 live chat, email, phone support, elaborate FAQs, forums, blogs, news and on-site descriptions.
It is essential to find a sportsbook compatible with your device if you fancy playing on the go. Most online sites are fully optimized for Android and iOS smartphones and tablets. Some have a dedicated app that customers can install but most are browser-based. Both options are great and down to personal preferences.
The best offers have a growing reputation among players and the betting community. If players are complaining and leaving negative reviews, you should see this as a red flag to avoid the sportsbook. Similarly, you should stay away from companies with past breaches and issues with player payouts.
Crypto Sportsbook Bonuses & Promotions
There are many bonuses players can claim online. Each provider has a unique set of promotions, so you should review existing offers before joining. Here are some of the common sportsbook bonuses you’ll encounter online:
As the name suggests, this bonus is offered to welcome new players, making their first deposit with the sportsbook. The welcome offer is available for new members only and designed around the first couple of deposits. In most cases, it is free cash you can use to wager on sports events.
This is another bonus for new members on the sportsbook. However, it is often triggered by a sign-up instead of the first deposit. It is a risk-free bonus that players receive to get started with sports betting without depositing anything to the casino.
Operators offer various reload bonuses and temporary promotions designed around the deposit. Once you claim the sign-up and welcome offer, you can search for reload bonuses to get free betting money every time you make another deposit to the casino. Most are a percentage of the deposit made.
The cashback bonus is awarded for lost wagers and one of the popular offers on casinos. You can claim a percentage of your bet amount, or even the entire stake when you lose a series of bets.
Some operators have VIP clubs and membership reward programs that offer bonuses for achieving various milestones on the site. Players can ascend levels, unlocking free bonuses, higher cashback rates, and customized promotions.
Many bitcoin betting sites reward members for spending more time playing BTC games. The rewards come as small mBTC payments, also known as a satoshi. Players can accumulate their bitcoin faucets and spend them on the sportsbook options.
There are several bonuses and promotions, including birthday and anniversary gifts, and match-specific bonuses. Other offers include happy hour deposit match, weekend reload match, boosted odds, multi-bet bonuses and many more. However, there’s always a price when claiming sportsbook bonuses, so it is vital to read the terms and conditions focusing on the following features:
- Eligibility: This includes the minimum deposit required, minimum cashback limit, eligible players (new accounts, VIP, etc.), and duration within which the promotion is active.
- Wagering Requirements: Also known as playthrough requirements, or turnover, wagering is the most crucial component of bonus terms. It refers to the number of times/total amount, you must bet/accumulate, using the bonus before you are allowed to withdraw your winnings.
- Betting Limits: This has to do with the minimum odds, minimum and maximum wager, maximum winnings and other restrictions.
- Expiry: Once you claim a bonus, you have a limited time to complete all wagering requirements and convert funds before it expires. Some bonuses expire within 24 hours, while others can take up to 30 days.
Pros and Cons of Crypto Betting vs. Traditional Betting
- Secure deposits and withdrawals
- Near-instant withdrawals
- Earn bitcoin and other cryptos playing online games
- Lucrative bonuses and promotions
- Coin value could go up by the time you withdraw
- Increased privacy and anonymity
- Low transaction fees
- Not many brands support crypto
- Some sites convert funds to FIAT
- Currency value could go down by the time you withdraw
- Requires a wallet and exchange services
Do All Betting Sites Accept Cryptocurrencies?
No. Cryptocurrencies are quite popular across online casinos and sports betting sites. However, not all operators allow crypto payments. You should check the cashier section to determine if the betting shop accepts cryptocurrencies. Note that some sites accept Bitcoin-only while others accommodate a wide range of altcoins. What’s more, not every crypto site is legit, so make sure you join a trusted gambling platform. That said, the majority of online operators don’t permit crypto payments and those that do focus on Bitcoin.
We have come to the conclusion of our crypto sports betting sites review and hope you found enough to get you started soon. Our rating features some of the best crypto sites offering sports betting options but you are free to find other platforms. The goal is to stick to secure, reputable brands with a valid license and matches from the most popular disciplines, preferably sites hosted in your country. However, there’s no harm in betting on sites from trusted international brands if they offer better odds, security and gambling experiences.