Best Crypto Betting Sites

As the internet continues to evolve and more aspects of daily life become available online, it’s no surprise that cryptocurrencies took off as they did. When the first cryptocurrency was released in 2009, no one could have thought that today there would be hundreds of variations. They are being used as payment methods for many different online industries and the sports betting market is no different.

Not only can you use cryptos to pay for your Starbucks now, but you can also use it in online sports betting. Crypto betting has seen a rise in the last few years, with many crypto betting sites. However, knowing which crypto sports betting sites are trustworthy to play at as a crypto player remains a vital question. There are a wide range of crypto sportsbooks and gambling sites that you can access, the best of which we have listed below.

Cryptocurrencies

Cryptocurrencies are a form of digital currency that is maintained by decentralized blockchains. The system uses cryptography to maintain it instead of a central authority like a country or bank. This allows people worldwide to buy, sell or trade cryptocurrencies. 

Bitcoin was the first crypto to be created in 2009, but there have since been many others introduced to the market. Not only do investors invest in these currencies, but people can also use them as a payment method. The danger with cryptocurrencies is that they’re highly volatile, and the value of crypto can drop in a second. 

However, with its popularity soaring in recent years, these drops are almost always followed by a rise, whether slow or fast. When betting with cryptos, it’s very important to keep in mind that its value can change as you bet. It’s crucial to remember that all transactions are final due to the nature of cryptos and the smart contracts they use.

A benefit of using cryptocurrencies is that payments are almost instant, and if you use a reputable sports betting exchange platform, they are very secure. You can also keep a crypto wallet separate from your gambling bankroll to ensure you don’t gamble above your limit.

Top Four Cryptocurrencies

While there are many cryptocurrencies on the market, we looked at which can be considered the top four. These cryptos are not only popular on a global scale but are also both safe and easy to use. You will find that many offshore sportsbooks will offer these payment platforms to their players.

Bitcoin

Bitcoin might be one of the most volatile cryptos, but it also remains the key pillar of the crypto industry. It has the most investors and keeps a strict limit on its coins of 21 million. This helps drive up the interest in the digital currency and is widely recognized as the most popular crypto.

Bitcoin offers not only instant payouts but also anonymous payments, as the system runs on a decentralized network and so your money never comes into contact with external financial institutions. There is a BTC transaction fee, but it’s extremely low and barely noticeable compared to the card or bank fees. The offshore sports betting industry has especially embraced Bitcoin sportsbooks and is an extremely popular deposit option.

The majority of crypto depositors at this stage are using Bitcoin to complete their crypto transactions. This includes both Bitcoin and Bitcoin Cash, and you can check out our list of the best Bitcoin betting sites if that is what you are interested in. 

Ethereum 

Following close on the heels of Bitcoin, Ethereum is the second-largest digital currency. It has recently done an upgrade that reduced the amount of ETH in the system, providing more value to its remaining digital coins. Ethereum has managed to outperform Bitcoin in the last year in price gains. It was also one of the first cryptos to introduce smart contracts, allowing faster and more secure transactions.

It’s also known to have innovative technology that allows for better integration into apps and other platforms. Most online sportsbooks accept Ethereum as a payment method, making it an easy option when you start betting.

Litecoin

Litecoin was introduced in 2011 and is derived from Bitcoin’s source code. While it doesn’t have the same market value as Bitcoin and Ethereum, many top online casinos offer it. Litecoin provides the same features that Bitcoin does, making it very easy to use. Since it doesn’t share the same level of fame as Bitcoin, it’s also often cheaper and easier to procure than Bitcoin.

Litecoin offers fast withdrawals, secure encryption software, anonymous payments, and more to its customers. It is steadily climbing to one of the top cryptocurrencies in the market and is adopted by many online sportsbooks. 

Tether

Tether is another favorite in the market, as it is both widely known and used. Unlike the other cryptos we mentioned, Tether is backed by a fiat currency, namely USD. This allows the crypto coins’ value to be more stable, and it won’t see the same drops that other cryptos experience. It also benefits from offering extremely low to no transaction fees than when wagering in Us dollars.

USDT, Tether’s coin, thus enjoys the same stability as the dollar but offers fewer fees and faster payments than betting in the fiat currency. It’s a great option for betting online, and many sportsbooks offer it as a banking method to bettors.

Crypto Betting

Before looking at how we will evaluate the best crypto betting sites, it’s important to know the different types of crypto bets. This form of gambling has evolved to include not only the sports sector but also other sectors. The various crypto options and crypto markets that you can choose from includes the following:

Sports

Sports remain king in the gambling world, as it’s still largely regarded as the favorite market to bet on. Bettors can wager on a variety of sports markets, ranging from NBA betting and NFL betting to NHL betting and MLB betting. There are many online sportsbooks, and most of them offer Bitcoin, if not several other cryptos- as well.

Sports betting has become more prevalent in the US since the PASPA federal law was declared unconstitutional in 2018. This allowed many states to start offering sports betting to bettors and revolutionized the gambling community.

However, due to the UIGEA federal law, some card companies or states still don’t allow transactions between you and an online gambling service provider. Cryptos is one of the best solutions to this problem, as it acts as an intermediary. The best cryptocurrency sports betting platforms will allow you to wager in a smooth manner and give you a wide variety of sports betting options. Expect there to be more crypto sportsbooks added within the sports betting industry as the years progress.

Entertainment

While this is a newer form of gambling than sports gambling, it is starting to pick up steam. Bettors can now bet on factors exclusive to the entertainment industry. This includes betting on upcoming movies, actors, the Grammys, or any other event related to the entertainment sector. The possibilities are endless.

It allows bettors another avenue of betting, especially if they don’t have much knowledge of sports. Instead, you can bet on how well a movie will do, whether Hollywood will cast an actor or actress in the sequel movie or more. Betting on this sector for entertainment purposes can be an enjoyable pastime. 

Politics

The US has had some exciting times in its politics in recent years, including the election, and bettors gained new opportunities to bet thanks to that. While there has been a history of betting on politics, it has especially boomed in the last few years.

This form of gambling is great if you’re heavily interested in politics and know your way around the game. You can bet on current political occurrences, who the next president will be, or international events. Political gambling isn’t limited to American politics, as you can also bet on European or global politics.

Sports Betting Apps

Crypto sports betting apps are starting to make their mark on the market and there are plenty of cryptocurrency sports betting sites that have them within their portfolio. They work through a peer-to-peer blockchain network, and the system uses smaller smart contracts to govern the network. These smart contracts are tied back to the overall Ethereum network and are thus not run by a centralized server. This decentralized network allows for greater anonymity and security.

It offers another platform for bettors to follow the gambling market and their bets, as it’s a safe, secure, and convenient platform to use. It doesn’t allow interference from third parties, and you can make your bets using these platforms. As with most apps, rewards or prizes won can be exchanged for in-app features, benefits, skins, or credits. Some apps even allow you to exchange your rewards for real-world currencies.

Common Elements of the Best Cryptocurrency Betting Sites

When looking for a trusted crypto betting site, there are several factors to keep in mind. There are hundreds of crypto betting sites, so it can become quite overwhelming to try and do the proper research on each real money betting site. We did it for you, looking at several criteria to find the best crypto betting sites.

Licensing and Security

For an online gambling website to be secure, they need to use data encryption software. We always look to ensure that the betting site uses SSL encryption or a similar level of encryption software. This higher level of security protocols ensures that your data is safe and secure behind several firewalls and that your payment portals remain secure.

We also look if the site is licensed. With crypto betting sites, they are often not as strictly regulated as other sportsbooks due to cryptocurrencies being decentralized blockchains. This means there are many unlicensed crypto sites out there, and some are unfortunately quite shady. 

However, many are licensed and thus regulated by the licensing authority. Being licensed offers another level of security to bettors. It means that the betting site needs to follow all gambling legislation, and you can also report the online platform to the licensing authority. 

The US has seven states that provide online gambling licenses. These states are Michigan, West Virginia, Connecticut, Pennsylvania, Nevada, New Jersey, and Delaware. However, these states only provide licenses to sportsbooks and betting websites located in the state to bettors located within the state borders. 

There are also offshore licenses, meaning another country licenses the online platform. Malta, Curacao, Panama, and Costa Rica are just some of the offshore licenses you’ll encounter.

Compatibility

When we look at a website’s compatibility, we consider whether it’s accessible on any device. These devices include desktops, tablets, and smartphones. It needs to use HTML5 elements and offer a user-friendly interface as a web-based platform.

A user-friendly interface, in our opinion, means that it’s easily navigable and that the website offers certain tools to make navigating the site easier. These tools include navigation bars like the header and footer, tabs to select different sports, a search bar and filters.

Also, the website should be visually appealing, making it easy to see what features are and to enjoy the platform you’re betting on. Some betting platforms even offer a mobile app bettors can download from the App Store or the Google Play Store. Having an app makes it easier for bettors to access their platform and make bets, so we can always appreciate it when we find a betting site that offers an app.

Sport Selection

When looking for the best crypto betting sites, we look for one that offers a wide selection of sports you can bet on. That doesn’t just mean the big leagues like NFL, NHL, MLB, and NBA, but also slightly less popular sports including golf, rugby, or cricket.

Having a wider range of betting options allows for more leeway in how you spend your bankroll. It allows you to branch out to other sports and look for the best odds between the different matches on the site. We thus also look for sites that offer the best odds.

Not only do we look for a wide sports selection, but it’s always better to have a casino section as well. Online betting sites don’t have to be limited to a crypto casino or a sportsbook, and they can offer both. Offering a casino section offers you a break from sports betting to make casino bets with your chosen crypto. You can spin the reels or roll the dice while making crypto bets and there are plenty of online casino games that you can access when playing on cryptocurrency casinos. Online casino players will be familiar with the various crypto casino games that can be found on these online casinos.

Bonuses

Since bonuses are the incentive offered to bettors to lure them to the betting site, we consider it one of the most crucial elements of the best crypto betting sites. Many different bonuses are available, like the welcome bonus or monthly bonuses. These tend to be the most generous promotions that you will come across as they are often more valuable than regular promotions. The crypto betting sites should offer more than just a crypto welcome bonus, as it ensures the players and bettors remain loyal to the online platform. VIP programs often offer an extra incentive for bettors to remain at one site, as they get extra benefits and bonuses for being loyal players.

There are several types of bonuses you can find at crypto betting sites. The most frequently found one is a matched deposit bonus. You receive bonus funds up to a specific amount if you make the minimum deposit required. These bonus funds can range between 50% to 500% of your deposit, ensuring you have enough funds to test the gaming platform.

There are also no deposit bonuses often given as a reward to bettors for signing up with the platform. These rewards are usually a lower amount, between $5 and $25, and they have higher restrictions. Bettors can use these bonus funds to place their bets without risking their bankroll in the process. 

Another bonus that’s often seen is the risk-free wager. While bettors need to make a deposit to claim this bonus, their first bet up to a specific amount is risk-free. Being risk-free means that if your bet results in a loss, you’ll be credited your bet amount back. Essentially, you can either win the bet or receive your money back as if you never made a bet.

Another popular promotion is free bets. Free bets are much like the casino bonus free spins, where you receive bet tokens with a set value. These bet tokens or credit can be used to make bets and sometimes are even wager-free. However, if they’re wager-free, it often means that the initial bonus amount will be subtracted from your winnings before the withdrawal.

We also look to see if their bonus terms are fair and not too restrictive. Fair bonus terms mean lower wagering requirements and minimum deposit limit, higher winnings cap, and longer bonus expiry periods. Claiming any one of these exclusive bonuses is perfect for both experienced and casual players and our list of crypto gambling sites you access to the best betting site bonuses.

Payment Methods

Since we are looking at the best crypto betting sites, we first consider what cryptocurrencies are available and what crypto payment options are at your disposal. The best sites offer not only Bitcoin and other popular cryptos but also the less well-known cryptocurrency payments. Having access to different virtual currencies on the gambling platform makes it possible to play and bet at the site regardless of your virtual currency. 

Some crypto betting sites also offer an exchange platform that allows you to exchange your fiat currency into cryptocurrencies. Having access to this type of exchange platform is great for players new to the crypto gambling scene and who might not have crypto under their name yet. Otherwise, the payment portal will link with your crypto wallet, allowing you to deposit and withdraw your funds.

Due to the nature of cryptos, we look for sites that have fast withdrawal speeds, taking at most 24 hours. Most cryptocurrency withdrawals or deposits within minutes, but online betting platforms also have processing times. The online gambling service provider needs to approve your withdrawal request during this processing period.

If it’s not an exclusive crypto betting site, we also look at what other payment methods they offer. These payment methods should include Visa and Mastercard, Paypal, and other e-wallets and bank transfers. If it’s a US-based sportsbook, it might even offer a Play+ card or PayNearMe, where you can complete transactions at affiliated establishments like CVS or 7-Eleven.

Customer Service

An important element that is often not given enough thought is the customer support service of an online betting platform. When you have a query or problem, you need to be able to easily reach a support agent that can help you with a solution. This means we look for good and effective customer service at the betting sites. Features like 24/7 live chat, a support email, or a support phone line are all factors we evaluate when looking at this section. This helps to improve the overall customer experience.

While providing multiple support channels and helpful support agents is important, it’s equally vital that they have an extensive FAQ section. If you have a summon question, you can often find the answer in their FAQ section without contacting the agents. It’s a faster method of finding information, and we look for well-organized, comprehensive FAQ sections. It’s even better if the site also offers tutorials, as it helps new bettors or even experienced bettors understand how to bet on different sports.

Good customer service also means that the betting site should offer responsible gaming tools. Responsible gaming tools can be used to ensure you limit your gambling activity and bet safely. It includes tools like personal limits such as betting or deposit limits, as well as session limits, reality check, cool-off periods, and self-exclusion. We believe these tools are extremely important to ensure online gambling remains an entertainment activity and doesn’t become a problem.

Benefits of Crypto Betting

Betting at a crypto betting site has plenty of benefits. It’s a fast withdrawal method, allowing withdrawals that can often take just a few minutes. It’s also completely anonymous, and no transaction history can be traced. There are many crypto-exclusive promotions offered even by online sportsbooks that don’t offer crypto payment methods exclusively. 

You can use cryptocurrencies from anywhere globally, as it’s not linked to any one country. Having no centralized authority means no matter your fiat currency, you can bet at an online sportsbook or casino. There are hundreds of cryptos to choose from, offering something for bettors new and old to the scene.

Since cryptos allow for fast withdrawals, you can even take advantage of the price drops and gains by withdrawing when the value is higher. With instant withdrawals, you can be sure what you withdrew at the moment is what you will get. 

You can also make it easier to keep your gambling bankroll separate from your other funds, making it easier to see your available funds to bet with. This is done by creating a separate crypto wallet for your gambling bankroll.

How to Deposit and Bet with Cryptos

When you want to start betting online with cryptocurrencies, there are some steps you have to follow. 

• Step 1: Create your crypto wallet. Crypto wallets are used to store cryptocurrencies and keep them safe against cyber attacks. These wallets can be downloaded online or stored on a “physical wallet” like a flash drive.
• Step 2: Change your fiat currency to cryptocurrency. You’ll need to use an online exchange platform like Luno, Gemini, etc. Make sure to use a reputable platform and create your profile on it. You can now choose how much of your fiat currency you want to convert to crypto by accessing your profile.
• Step 3: Register with one of the sites on our list of the best crypto betting sites. We’ve identified these sites as the best and offer a top gaming experience. You’ll need to enter your details in the appropriate fields to register.
• Step 4: Register your crypto wallet in the cashier. You can access the cashier section through your account. By clicking on deposit, you can choose your crypto and link your crypto wallet with your account.
• Step 5: Make your first deposit. After your wallet is linked, you can now make your deposit through the cashier’s deposit section. Simply enter the amount you want and click deposit. However, please note if you want to claim a welcome bonus, whether there are any deposit requirements before depositing.
• Step 6: Copy the public hash address. The public hash is a series of numbers and letters that the betting site will provide you with that you need to use to confirm your payment. Confirming the transaction is done by logging into your crypto wallet and pasting the address, and confirming the transaction.
• Step 7: Make your bet. Now that the transaction is confirmed, you should see the funds within minutes in your betting site account balance. You can now head over to the sports betting section and make your first bet.

The Best Crypto Betting Sites

Betting with cryptos has become a big part of the online gambling industry, and many crypto gambling sites have popped up through the years. Crypto betting is not only common among sports bettors but also in other forms of betting. It includes bets made about events in the entertainment industry and political world, just like most online gambling sites. 

However, with cryptocurrencies essentially being decentralized blockchains, the regulations surrounding them aren’t as strict. The lack of regulation means that there are many crypto betting sites that aren’t regulated and can offer shady services to bettors.

That’s why it’s important to ensure you always play at trustworthy crypto betting platforms, which we have listed here. You can play with Bitcoin, Ethereum, Litecoin, Tether, or virtually any other crypto. While you should always keep in mind the volatility of cryptos and their market value, you can also be sure of several benefits. These benefits include fast, secure, and anonymous payments. It also means you can play from almost anywhere in the world.

We have looked at several key aspects of crypto betting sites and evaluated their common elements to find the best sites to play at. We look at their licensing, compatibility, sports selection, bonuses, banking methods, and customer service. These common elements are used to compare the different betting sites and to compile our list of the best crypto betting platforms. So have a look now and see which one is the best fit for you.