Best Bitcoin Betting Sites 2021: Top Sites for BTC Betting!

Introduction to Bitcoin Betting

The digitization of most of the casinos and the introduction of cryptocurrencies to the world complemented each other. Both of the leading domains have since become synchronous with each other to the point that online casinos have been using cryptocurrencies as the primary modes of finance. Being one of the most popular altcoins, Bitcoin is a common choice of payment for online gambling. Bitcoin betting is one of the leading modes of gambling on crypto-based betting sites. The leading bitcoin betting site come in with a huge diversity of gaming options and payment methods, which vary in slight factors.

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The gaming variety is also full of options for the players who wish to do online gambling, and even online cryptocurrency sports betting is available on online sports betting sites (there is a massive sportsbook list of platforms to pick from). Through the expansion of the industry, individuals can enjoy playing casino games online from the comfort of their homes, with a long list of international online casinos and cryptocurrency betting sites to choose from. The perks offered by online casinos include a welcome bonus and other lucrative offers. A welcome bonus is a staple on most betting websites.

Why Use Bitcoin for Betting?

betting with BTC at any digital casino is much more beneficial and advantageous for gamblers, and there are a few reasons that contribute to the rising popularity of betting with Bitcoin. These benefits include key factors such as crypto transactions, reliability, and both the speed as well as the simplicity that they achieve the process with. Some of the points of convenience are listed below:-

1.Convenience

The comfort and ease of access for cryptocurrency betting sites are simply better in comparison to the traditional betting sites. Crypto betting platforms can s wide open as cryptocurrency be accessed from around the world without having to physically go to the casinos to play table games on site. Further to the commuting aspect, now the possibility of playing at any crypto casino is wide open as cryptocurrency sports betting websites and gambling sites can be chosen from any global option. 

As the mode of currency is entirely decentralized, there are no unwanted delays in most of the cases, and the transfers are reliable. Another factor for convenience is the provision for getting perks such as match deposit bonus, welcome bonus, crypto casino no deposit bonus, etc. 

2. Anonymity

Being anonymous by design, bitcoin, or any other betting crypto-asset comes with an inherent layer of anonymity which was simply not the case in any fiat currency. In the case of fiat currencies, the money would be transferred from the bank or the card of the user, and the details of the payment made or withdrawn from the licensed betting sites would be discoverable by the bank and service providers. 

Bitcoin has rid of this element as the wallet addresses, even when public, can be relatable to some extent. This can come in especially handy when one does not aim to convert the crypto asset to fiat as they can then remain anonymous.

3. Speed

Some of the leading cryptocurrency betting sites offer instant payments, while transfers within 24 to 48 hours as a service have become common across the industry. This increased speed and efficiency of the transfers do not depend on business days (as fiat transfers) as the blockchain technology has the most attractive service delivered through its architecture of the nodes.

How Does Bitcoin Betting Work?

Betting with Bitcoin works in a similar fashion as fiat money without the drawbacks of the latter. This kind of betting essentially considers bitcoin or any other altcoin supported as the mode of payment without having to deal with the assets that are backed by any nation. The users have various options for depositing money for crypto gambling at the chosen betting site across all the betting options through the balance deposited in the account at the betting sites through crypto-assets like bitcoin. Most of the lending platforms tend to offer more than one cryptocurrency, and bitcoin cash (BCH) is also one of the listed options at major bitcoin gambling sites.

Is Bitcoin Betting Legal?

Betting with Bitcoin has been debated at length for the nature of its operations, and the legality of the betting against bitcoin for anonymous betting is no size fits all as each of the regions has its own set of regulations that affect the operations and availability of Bitcoin gambling sites. Generally, the geographic locations or nations where the use of cryptocurrency and Bitcoin online betting are legal, betting with Bitcoin tends to be legal in those places. 

A few select platforms or best crypto betting sites might have different regulations in each of the regions they are present in. It is always a good approach to do thorough research about the legality of crypto gambling sites for one’s local region before trying to invest money in crypto betting websites.

Tips for Betting on Bitcoin

Although most of the games and aspects of bitcoin betting are similar to betting online with fiat money, there are a few points that must not be overlooked while going through betting sites. These factors can be based on various aspects of BTC betting, such as the nature of the crypto assets, the expertise that one might have in dealing with best BTC betting sites, the reliability of the platform, the details of the transfer, and other policies of the betting sites that might come into play. Some of these would be the following:- 

Keep an Eye on The Price

Since Bitcoin is an altcoin, its value fluctuates in relation to the fiat currencies, and the market is highly volatile. It is important to always keep an eye or pay attention to the respective value of the asset while dealing with online casinos. A sudden rise or dip in the price of bitcoin might result in a less profitable bottom line or diminish the value of returns. The exchange between altcoins to continue gambling without losing value can be a good alternative for the experts. 

Use Your Knowledge of Esports

Bitcoin betting also has a lot of options for sports betting on betting sites that support crypto. Any existing knowledge or insight might help any bettor to win big on the casino or even help make a better guess which might not be possible for all of the people that are part of the betting pool on the latest bitcoin betting sites. 

Watch the Fees

In some cases, an online casino might charge withdrawal fees which can also affect the winnings which one can withdraw from the platform. Bitcoin Betting sites don’t always charge a fee, but in some cases, online casinos accept withdrawals at a limited rate. Transactions might be restricted if a fee is absent. Paying attention to the fees before investing would certainly be useful for the ones who are confident with their bets at games or events. 

Compare Odds

The odds play an important role while choosing from the best bitcoin betting websites due to two key elements. Not every online casino would have the same provably fair best crypto games, and the payout rates would also differ. While this is not a dealbreaker, it can offer insights about the odds one can expect at the crypto betting sites. 

Sports betting options are usually free from this issue as the outcome of the event would not be decided by the betting site in any conceivable manner. Some platforms have been known to show the odds at the time of making crypto bets. 

Use a Reputable Bitcoin Betting Site

Reliable bitcoin betting sites always tend to be the ones that are reputable and are known to deliver a good experience for the players of the modern gambling world. The repute of a bitcoin betting site or any crypto gambling can be determined through third-party review sites or other platforms. The experience of other users would show some details about the process and what one can expect while choosing to do esports betting. 

Choose a Suitable Bitcoin Wallet

Getting the details right is always paramount for a great experience, and the same is applicable to the process of dealing with major sports events and sports betting crypto options at a bitcoin sportsbook. While all bitcoin wallets would be able to store the asset, not all would be supported by the platforms, and it is recommended to choose a hot wallet that is compatible with the selected bitcoin sportsbook and the features or the characteristics of the crypto wallet match the desires of the gamblers. While dealing with other assets like bitcoin cash, it is better to consider a multi-currency wallet. 

Check Your Local Laws

Going past the local laws and regulations would not be advised and could turn out to be quite cumbersome. It is always recommended to consider the legality of BTC betting on live dealer games, cryptocurrency slots, and other options. Even if bitcoin bookmakers and crypto sportsbooks are legal in a region, the list of crypto sportsbooks supported would not be the same, and visiting the sites of most crypto casinos would confirm the restrictions and availability of the platform. 

Know the Risks Involved

Similar to gambling with conventional methods, there are a bunch of risks that are involved with any crypto bet. The odds of winning, the payout rate, the wagering requirements, the loss of value on the cryptocurrency, the ability to withdraw from the casino, or sending the money to the wrong bitcoin wallet address are only some of the risks which are associated with a bitcoin bet. 

Players should always understand all the risks that are involved before they start gambling on any alleged best bitcoin sportsbook or best bitcoin casino. While the perks like welcome bonuses surely seem enticing, they can often come with criteria and requirements that can be hard to match for a mere chance of getting a welcome bonus.

Basics of Bitcoin Betting

Money line

The money line is one of the most common ways to wager on sports crypto betting. This popular betting choice is popular among new, recreational, and seasoned bettors alike, and it’s one of the most straightforward methods to place a sports wager because you’re only betting on whether the team will win or lose.

Odds The Shark’s Moneyline Betting Guide will go through the various types of money line bets available, why and how a crypto sportsbook would present the odds, and how the money line varies from other betting alternatives such as point spreads and totals for such sports.

Point Spread

With a bitcoin spread bet, a trader decides whether they believe the price of bitcoin will rise or fall, and profits or losses are made based on whether their forecast is true. The bigger the price change, the higher the trader’s profit or loss when the deal is concluded. This bet shall be placed carefully by the beginners due to the intricate details required for the same.

Parlays

Next would be parlay bets which are getting more and more popular with each passing moment. These bets are present on most of the popular games, majorly sports, where the bettors can be a part of a unit of the bettors making the same bet which would combine their total value and enable a bigger win. One can consider it as a good option for new users to decide based on the general consensus of the group betting with crypto.

Futures

Futures are the banking options that allow the users to bet without possessing the bitcoin for gambling. These bets are not limited to VIP users who play online but can also be used for more bitcoin bonuses based on the smart contract. These are not among the common bets on BTC gambling sites and are more novel in their availability.

Props

Props are some of the most unusual bets for any sportsbook, and finding a casino to play online might be more challenging than other bets. Prop bets can deliver a great bitcoin betting bonus through wins, and they are based on the occurrence of a few of the particular events during the game. These are different from the bets that are placed on the outcome of the sportsbook event. Props are also some of the more unusual bets which might be present on a thorough and diverse sportsbook.

Live Bets

These are the bets which one has to play online while engaged in the BTC sportsbook. Live bets are based on the ongoing aspects of the match and can change at any moment. Live bets are some of the bets which are more common for esports cryptocurrency betting than other sports such as NBA, Baseball, Gold, etc.

Bitcoin Betting Vs Regular Betting Experience

The gambling experience through crypto sportsbook or conventional betting can be quite different and can often determine if the user would turn out to be a frequent gambler who would visit the site or not. These experiences can differ greatly as the distinct steps make one more convenient than the other. 

Apart from the players who were utterly unable to compete with the changing times were individuals who did not play online. The availability of the options is also abundant on the bitcoin betting sites as online platforms do require less physical architecture. Options include bitcoin bonuses and promotions such as a sign-up bonus, first deposit bonus, a welcome bonus, etc.

Pros and Cons of BTC Betting

Pros Cons
One can bet bitcoin from around the globe and play online without having to visit the casino to start betting. Some of the sites might be restricted in regions where bitcoin betting is legal that can hamper usage. 
The list of games, sports betting options is plentiful on any online sportsbook for placing bets.  The associated minimum deposit funds on some sites’ bitcoin needs might turn out to be an obstacle in some of the cases. 
The list of promotions such as deposit bonus, welcome bonuses, match bonus, bitcoin bonus, etc., are highly enticing and can offer a huge possibility of a free win from a free bitcoin betting.  A lack of complete understanding of all the processes for getting a bonus or making a transfer can lead to a difficult process. 
The transfer of payments is quick as well, which was not always certain for the transfer of money using traditional banking options.  The initial process of buying crypto, if one does not have it for the deposit bonus, would be a substantial added step before trying the luck at winnings. 

Points to Consider While Searching for the Best Bitcoin Betting Sites

The gamblers who wish to play online would have to take a few factors into consideration before starting to bet on the popular sports along with other bitcoin users. These factors might contribute to the overall experience, rate of winnings, deposits, and withdrawals, etc.

Do They Have the Right Licensing and Regulations in Place?

Licensing and regulations play a key role in the functioning of any casino of the gambling industry. Having regulations also makes the platforms more accountable. The local regulations and policies might differ from region to region, and this affects the casino in terms of the bonus as well. 

Are Bitcoin Deposits and Withdrawal Limits Fair

The minimum and maximum limits on the deposits and withdrawals also form a crucial thing to consider in a casino after one goes on to buy bitcoin. The limits can be based on various elements such as time durations (per week, per month, etc.), and these need to be considered. In most cases, withdrawals tend to have more limits, while deposits come in like a loose cannon. 

Do They Have Quick Player Support?

Bitcoin users can expect support for quick players on a handful of online crypto casinos, albeit no one would be the best platform. A quick player is a digital tool that can help in streaming online feeds of games such as best crypto poker etc. A quick player can also be linked to the crypto platforms that have online exclusive games and slot machines that often deliver free spins as a bonus to bring in more players. 

Do they Have Additional Cryptocurrency Payment Methods?

While not all of the casinos have the facility for both fiat and crypto assets, some of the platforms which enable the users to bet on sports using the benefits of bitcoin do have the option to use alternative methods of payment. These additional modes of payment might include other cryptos as well, such as ETH, XRP, LTC, BCH, CAD, etc. 

In rare cases, the features of gambling sites have included the provision to buy cryptocurrency directly from their live betting sites without having to access a reliable cryptocurrency exchange to buy bitcoins from outside the website.

Do they Have Betting Resources for Beginners?

Leading platforms have several resources for beginners which can help them get familiar with the ins and outs of gambling on the respective casinos before empowering them to make a crypto bet on a regular basis. These resources can include detailed instructions, a guide for responsible gaming, and tutorials as well for their service.

Ultra-Fast Ways to Withdraw and Deposit Bitcoin

Nowadays, withdrawals from the casino are completed within 24 to 48 hours, and these can be as quick as instantaneous for a few cases. The deposits are usually instant as well, among other features, and they also tend to be faster than withdrawals in some cases for the bettors.

Top Bitcoin Welcome Package Offers and Promotions

The list of regular promotions or any ongoing bonus package should come into consideration as these form the primary and security features of wagering bitcoins. A bonus can be disguised as any of the perks or promotions for cryptocurrency, such as a deposit bonus, welcome bonuses, boost bonus, and other perks associated with a service. A bonus code to register would also bring in perks for the new users before even making a transaction at some cryptocurrency sites accepting bitcoins.

The Widest Range of Bitcoin Betting Markets

Hybrid casinos and international websites have now become some of the largest markets for live betting, bitcoins, using bitcoin to invest, deposit or pay, etc. These markets are usually flooded with users, and this ensures a large prize pool and inflow of money that would keep casinos afloat and deliver more and incentives. It is crucial to keep an eye out for the ideal sites across the entire range.

Lock Tight Security

Trading or betting online comes with the inherent risk of cyber security, and the players must always consider the level of safety sites are maintaining to have a secure environment for the bettors to wager and make a transaction in. Customers of any casino shall always look for industry-standard security practices such as SSL encryption and a 2FA (two-factor authentication) which would also be a part of the benefits of the service offered.

Reliable Customer Support

Reliable customer support helps with everything ranging from how to register to every cash-out, and the customer support of any casino is something that ought to never be overlooked. Getting started with bitcoin at any platform would not be just without a responsive customer support team or perhaps in case of any issue that one might run into, albeit related to games or self. A lack of good experience with customer support can often reveal a lot about the Bitcoin betting website, which should be considered before making the deposit.

Bitcoin Betting Guide: Things To Know Before BTC Betting!

While not all details can be learned in a single moment, there are some highlights that shall be known before putting wagers (or making a deposit) on modern slots or any games using bitcoins.

How to Start With Bitcoin Betting?

If you are new to Bitcoin but like the idea of trying out something different for additional revenue, then betting with BTC will definitely pique your interest. The best bitcoin betting sites are fast, reliable, and quick to navigate. BTC betting isn’t as complicated as it may seem. Here’s how you can get started:-

Choose a Bitcoin Wallet

The process would start by making use of the advantages of various online bitcoin wallets. Players shall look for wallets that allow them the right usage for their purpose and must also support the preferred casino website.

Choose a Bitcoin Sportsbook

After selecting the wallet, the next step would be to select from a majority of leading online sportsbooks or casinos. The best option would be to check all the available choices in order to select the ideal website.

Access the Cashier

Once the wallet and sportsbook have both been selected, users shall log into their account with the website and find the option to pay. From the deposit or pay section, players can add money to their accounts with the online casino.

Wager and Win

The now deposited funds in the account at the gambling site can now be used to make a wager or bet with bitcoin from the plethora of options that online crypto platforms provide to the users.

How to Place a Bet Using Bitcoin? 

The list of all the games and sports events is shown on the homepage of most casinos. Users can simply click on the game where they want to bet and then select from the various iterations of the game that are available. In the case of live dealer games, the users can choose the tables based on the entry price. 

Where to Place Bets With Bitcoin?

The bets placed on the casino become a part of the liquidity of the brand, and only when a player wishes to cash out from the website would the pool be affected. In case the users lose the bet, the money is forfeited into the treasury of the house.

Bitcoin Betting Rules

The rules and advantages of betting with BTC are similar to conventional betting options. The rules of the game are largely the same, but the addition of cryptocurrency has introduced a new layer of details. The rules of dealing with crypto include the internal policies of the brand or a casino that also calls for a close look before registering to make a deposit. 

For instance, some websites have a minimum value for betting in sports or casino games. Another rule that has been frequently observed in the industry is that individuals can only withdraw the winnings through the same format and medium used for deposits. This rule is maintained to restrict money laundering. 

Deposits and Withdrawals at Bitcoin Betting Sites

Deposit Process

The process of making a deposit on a crypto gambling site has many benefits, and it starts with selecting the right platform for playing and transactions. The users shall select a cryptocurrency wagering website and go through the registration process to become one of the members. Once this has been done, the next step would be to connect the bitcoin wallet with the cryptocurrency website and do the transactions, making deposits.

Withdrawal Process

The withdrawal process is similar to the deposits in many ways. Once logged in, the players can go to the payment section and click on withdrawals. The follow-up would be to enter the wallet address to send the bitcoin and the amount to be withdrawn. 

Wagering Requirements of Online Betting Bitcoin

While this is not applicable on all websites, some do have a wagering requirement that is to be met if one wants to get various perks on the casino. Wagering requirements can also be a criterion in determining the eligibility for the first, 2nd, 3rd, and up to 4th match bonus. 

The lower range of the requirement can be expected to be as low as 10x for some leading platforms, while it can be as high as 70x on other casinos. These requirements have the potential to further diminish the number of users who are eligible for the bonus. The total bet required to fulfill this can be considered as the sum of the bonus amount and the product of the initial deposit times the wagering requirement. 

Is It Worth to Bet with Bitcoin?

betting with BTC on online casinos and other sites has its own risks and issues. However, most of the benefits outweigh the cons. Such as:-

Users Remain Anonymous

Anonymity is a big concern to some users and the growing trend of censorship has shown the advantages of new and accepted cryptocurrencies. The transactions done with crypto are much more private, which serves as a great benefit.

Instant Transactions

The growing popularity and infrastructure of altcoins and other methods for online payments have resulted in a seamless integration of the currencies with the websites. This implies instant and quick transactions between the parties, adding more convenience to the process.

Great Bonus Offers

In order to attract more users, online casinos offer great promotions as well as great bonuses like a welcome bonus. The list of regular promotions includes welcome bonuses, first match bonus, boost bonus, and more bonuses. The options to get free bets or free spins for slot machines are also commonly observed bonus offers. 

Competitive Bitcoin Betting Odds

The platforms which have provably fair games and sports events provide gamblers with competitive odds where the reliability can be verified. Dealing with a large user base enables the casinos to provide a hefty bonus, particularly the welcome bonus, and a large user base also results in more eyes on the odds.

Vast Selection of Games

Not being limited by the size of physical casinos, their online counterparts have made partnerships with various game providers. This results in a phenomenon where most of the casinos have a plethora of games to choose from and try one’s shot at the winnings using the accepted cryptocurrencies.

Amazing Site Designs and Animations

The growth of their endeavors has enabled the casinos to invest heavily in the gaming experience. Leading platforms tend to have an engaging graphic design with a crisp and fluid interface. This results in seamless navigation across the casino with a lag-free gaming experience.

Future Scope of BTC Betting

As more and more nations and regions around the world start to accept cryptocurrencies and legalize gambling, the market for bitcoin betting is bound to grow manifolds from its current stature, as grand as it may be at the moment. The rise in the prices of bitcoin in the past few weeks has only suggested a stronger presence of the asset as the world prepares to transition towards decentralized finances. As the traditional casinos (that had no welcome bonus) are no competition for bitcoin betting, they can grow exponentially.

Conclusion

Bitcoin betting is one of the fastest-growing industries with little to no competition. Interested users have a huge variety and diversity of options to choose from. The options for various aspects can range from live betting games to table games, convenient payment methods, to promotions for the customers. The casinos which take bet on bitcoins for deposits come with fast transfers for making a deposit or choosing to withdraw. 

Customers can register on the platforms and start using the service and the features through cryptocurrency within a few minutes over a secure medium. The majority of casinos have options for modern slots as well, which attracts a large number of users. Low to no fees (in some cases) provided added benefits for this type of gambling on top of the bonuses and perks.

FAQs

Is It Safe to Place Bets With BTC?

Yes, BTC bet placed on a reliable and licensed casino is safe, and the majority of them also work on proof of stake algorithms. Users are advised to choose a reputed platform for playing.

Are Bitcoin Sportsbooks Legal In the US?

The legality of the sportsbooks might vary from place to place. Although yes, there are some bitcoin sportsbooks that can be accessed by US residents.

Is Bitcoin the Only Crypto Accepted at Sportsbooks?

No, most of the cryptocurrency platforms tend to support multiple cryptocurrencies, which can add to the convenience of the website’s experience.

Are There Transaction Fees When Betting With Bitcoin?

Transfer fees are not charged by every platform, but some do take a small percentage, especially for the process of cashing out from the casino.

Can Anyone Use Bitcoin to Bet Online?

Individuals who are of legal age and possess bitcoin can choose from any online casino, make a bitcoin deposit and start gambling through the welcome package of any preferred site by clicking on Sign up or Register.

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