By now, anyone with an internet connection has heard of Bitcoin and other popular altcoins like Ethereum, Bitcoin Cash, Litecoin, Dogecoin, and others.
However, some people still need to learn that you can bet on sports with Bitcoin and other cryptocurrencies when you sign up with one of the many online sports betting sites you will find in our guides.
Below, we will discuss our favorite sites that accept digital currencies, Bitcoin bonus options, and other ways you can fund an online sportsbook account.
Which Online Sports Betting Sites Accept Cryptocurrency?
To bet with crypto, you must look outside the state-regulated sportsbooks and at some of the fastest-paying online sports betting sites that have serviced the USA since the early 2000s.
Digital assets have revolutionized the international gambling industry by offering a currency standard for fast transactions that can be purchased with any form of currency from around the world. The best online sports betting sites that accept crypto can be found with licensed and regulated online sportsbooks operating outside the US.
Our favorite online sportsbook, Bovada, accepts Bitcoin, Tether, Ethereum, and Litecoin. Other popular sites like BetOnline and SportsBettingAG accept the above cryptocurrencies and more.
Bitcoin Bonus Options
To encourage new players to deposit with Bitcoin, online sportsbooks typically up their welcome bonus for those depositors. It is not uncommon to see a deposit match bonus over 100% for Bitcoin and other altcoin deposits.
Like a traditional welcome bonus, crypto bonuses are tied to rollover requirements that must be met before you can withdraw the bonus funds. Some players choose to opt out of the welcome bonus due to rollover requirements, and with sports bettors, those requirements can be more challenging to reach unless you bet a lot.
We typically suggest skipping the bonus if you just want to bet on a few games; however, if you like to bet a lot, you would be a fool for not accepting a welcome bonus, as it will boost your bankroll.
How To Fund An Online Sportsbook With Bitcoin
Funding an online sportsbook with Bitcoin is a straightforward process that offers privacy and efficiency between the player and the site.
To begin, you’ll need a Bitcoin wallet containing the desired amount of cryptocurrency. On the sportsbook’s website, navigate to the cashier’s page and select Bitcoin as your payment method. Most sportsbooks provide you with a unique Bitcoin address or a QR code.
You can then use your Bitcoin wallet address to send a predetermined amount to the sportsbook wallet address. The transaction will be recorded on the blockchain. Once confirmed, your account on the sportsbook will reflect the deposited funds, allowing you to start wagering on your favorite sports events.
It can take up to 24 hours before your account will reflect the new balance in USD. However, most transactions take 10 minutes and an hour before your account reflects your new balance.
Using Bitcoin for sports betting offers speed and security, making it a preferred choice for many online sports bettors.
