Best Crypto & Bitcoin Sportsbooks

Why Is Using Bitcoin on Sportsbook Companies Your #1 Option?

You’ve probably heard some hype about Bitcoin sportsbook companies and want to know if they are worth your while.

Even though crypto has made it to the mainstream, many people still don’t know much about it.

However, we firmly believe that once you register with a reputable sportsbook company and play with cryptocurrency, you’ll never want to use a ‘conventional’ site again.

Below, we outline a multitude of reasons why this is the case.

Fiat’s value continues to decline annually

Fiat currency is a form of legal tender propped up by the government that issues it.

Its value is determined by various factors, including interest rates, money supply, and economic supply and demand.

Examples of well-known fiat currencies include the U.S. Dollar and the Euro.

Hyperinflation, a term that describes rapid, out-of-control price rises in an economy, is one of the biggest downsides of fiat.

When the Federal Bank of St. Louis took a close look at inflation recently, it discovered something concerning.

In 1983, the bank placed the U.S. Dollar’s value at 100; fast forward to 2021, and this number had plummeted to 37.

In layman’s terms, the dollar’s purchasing power is just 37% of what it was in 1983

Even worse, wages haven’t risen anywhere near as quickly in the intervening period.

In fact, since the end of the 1970s, wages have increased by under 1% annually, a percentage that’s significantly below inflation.

Ultimately, holding on to fiat will only make you less wealthy in the long run.

Why do we keep using fiat?

Fiat currencies ensure governments retain control of their respective economies.

Banks also love fiat because they have immense power over its usage too.

It is time for us to move away from fiat, and crypto is the future of money.

Proponents of crypto point out that it can act as a hedge against inflation, ensuring you retain a reasonable degree of purchasing power.

Privacy

Depositing money on sportsbooks is often a real pain.

Realistically, you can’t use your debit/credit card or deposit via a bank transfer.

Those who have an occasional bet on a sportsbook quickly understand that banks often have a low tolerance for this process.

If a sportsbook transaction appears on your bank statement, you’ll encounter real problems if you ever look for a loan.

For instance, the bank will likely reject a mortgage application solely because you used a betting site once or twice.

It only takes occasional use of such sites for the above to happen.

Cryptocurrency changes the game because it keeps banks in the dark.

The decentralized nature of digital assets means you can use them without the oversight of the financial industry.

In other words, when you deposit crypto on sportsbooks, your bank will never know.

Your bank statement shows no such transaction, meaning you can enjoy yourself off the bank’s radar.

The value of cryptocurrency could rise significantly

Historically, Bitcoin is subject to substantial peaks and dips, and its trajectory is often unpredictable.

Yet, there’s little question that holding on to a well-known digital asset could yield rich rewards in the long run.

Even though the market cap of all cryptocurrencies has burst through the $1 trillion mark, this figure represents only a tiny fraction of what it could achieve.

According to Forbes, the world’s combined wealth is well above $400 trillion, meaning crypto’s value has probably only started to swell.

In comparison, fiat’s worth and usefulness continue to recede at an alarming rate.

Even if you seldom use sportsbook companies, by registering and playing with BTC, you might find your balance growing without much effort.

Full control over your money

Not only does cryptocurrency act as a hedge against inflation, but it also keeps control of your money firmly in your hands.

With no bank interference, things suddenly get a whole lot easier.

Crypto is widely adopted

When the cryptocurrency market was developing, most people knew about Bitcoin and nothing else.

However, times have changed, with dozens of other digital currencies now grabbing headlines.

Now that crypto is firmly in the mainstream, people realize its versatility and know it has many uses outside of online playing.

Digital assets are welcome in many nations, despite not being legal tender.

However, in September 2021, El Salvador broke the mold by officially declaring Bitcoin as legal tender.

This is likely only the beginning, with rumors suggesting Panama, Paraguay, Brazil, and others may eventually do the same.

The crypto shield

Cryptocurrency enables you to make transactions on sportsbooks freely.

Unfortunately, it is a very different situation when you try using fiat on sportsbooks.

For instance, in Britain, a regulation introduced in April 2020 caused chaos because few people knew about it.

They used credit cards to make their first deposits on sportsbook companies, only to find their bank accounts were frozen.

If that wasn’t bad enough, banks took their sweet time when it came to lifting these restrictions.

At this point, banks threatened customers with further action if they tried to make any further deposits of that nature.

With cryptocurrency, you don’t have to worry about this scenario when using a reputable sportsbook that accepts crypto.

Steer clear of geo-restrictions

There are a few countries that prohibit any form of gambling.

It is extremely difficult to use a conventional sportsbook company should you live in one of these locations.

One reason is that it is challenging to hide the usage of fiat money.

However, if you pay for a reputable Virtual Private Network (VPN), you can register on crypto sportsbooks and avoid being caught.

With a VPN, it becomes possible to remain anonymous online due to the protected network connection it creates.

When you use crypto on sportsbooks, you also enjoy a significant degree of anonymity.

Ultimately, you can adopt the strategy outlined above to play on sites no matter what the laws state in your country.

In some cases, end-to-end cryptocurrency sportsbooks even accept users from nations where playing with fiat or digital currency is prohibited.

Disclaimer

The content we’ve written above is for informative purposes only.

At CryptoManiaks, we have not, and never will, condone activity that is against the law.

If you try to gamble illegally and get caught, you can expect grave consequences.

Suppose you live in the United Arab Emirates; if you’re found guilty of gambling illegally, you could spend up to 24 months in prison.

Also, Bitcoin sportsbook companies that accept users from countries where playing is illegal are seldom trustworthy.

If they find out where you live, take your funds and close your account, you’ll have to accept it.

Breaking the law is no laughing matter, and we take no responsibility or liability if you go ahead and suffer the penalties.

Please don’t say we didn’t warn you!

Rapid payouts

Those who have used conventional sportsbook companies know all about the pain of waiting for a payout to go through.

The banking system and its bureaucracy is the main reason.

A relative absence of regulation with crypto sportsbooks means they have a major advantage.

Don’t think this means a complete lack of regulation; bodies such as the Curaçao Gaming Authority do a fine job keeping things in order.

Yet, you still have the advantage of fast payouts because of a scarcity of red tape.

In any case, cryptocurrency is usually associated with superior transaction speed.

High deposit and withdrawal limits

The transaction limits imposed by traditional sportsbooks are an issue if you’re a high roller.

You might find that it’s possible to deposit a lot of money but discover that taking out similar sums is impossible.

This is because plenty of sportsbooks implement strict limits on the amount you can withdraw.

They may even ask you for additional information to make things as hard as possible.

Another standard sportsbook trick is to close winning players’ accounts or implement restrictions on the amount they can play.

At this stage, you’re lucky if you can make plays worth more than a couple of bucks.

With less red tape, sportsbooks accepting cryptocurrency are free to permit substantial withdrawal sums and quite often do.

Remarkably, some sites don’t bother imposing withdrawal limits.

Due in part to greater competition, such sites are also less strict regarding restrictions and bans for being successful at playing.

Contemporary

Some fiat-accepting sites also allow you to use Bitcoin.

However, this is nothing but window dressing as issues such as slow transaction speed and low withdrawal limits plague such sites.

Once you factor in the poor design and low-quality customer support, it becomes clear that you can usually do better.

Sportsbooks accepting crypto are designed with the modern gamer in mind and provide a vastly superior user experience.

If you want great design, genuinely helpful customer service, and worthwhile bonuses, it is time to give these crypto sites a try.

Choosing the Right Bitcoin Sportsbook: Things to Consider

You probably deem a few factors more important than others when reviewing which sportsbook that accepts Bitcoin to use.

We recognize that every user is different, so we analyze multiple aspects of the sportsbooks accepting Bitcoin we review.

The following are among the most applicable.

Available sporting events

If you love sports playing, sportsbooks that accept crypto provide you with everything a fiat-accepting sportsbook does and potentially more.

Whether you like golf, tennis, or eSports, these modern sites have you covered.

Additionally, there are more markets to play on than you can count, so use your crypto wisely!

When it comes to playing on sports, it is all about getting the best odds if you want to win in the long run.

We recommend checking out a few of the crypto sportsbook platforms on our list and comparing their markets.

By doing so, you’ll possibly find that one site is the #1 for value odds.

However, you should also analyze the variety of sports and markets available to ensure the site has everything you need.

Is it an end-to-end crypto Sportsbook?

Not every sportsbook that allows you to use crypto is end-to-end, which makes a big difference.

Keep reading to learn why you could lose money by making the wrong choice.

Conventional Sportsbooks

It is folly to believe that traditional sportsbook companies which happen to permit crypto are useful.

Cryptocurrency might go into your account, but it certainly doesn’t stay there.

The site instantly converts it into fiat and turns it back into crypto when you withdraw.

In essence, at no stage do you ever have the chance to use cryptocurrency on such sites.

If that isn’t enough to put you off the process, you also pay deposit and withdrawal fees.

Therefore, if you believe BTC’s value will increase, you must use an end-to-end cryptocurrency sportsbook instead.

The benefits of end-to-end Bitcoin Sportsbooks

As the name suggests, end-to-end sportsbook with cryptocurrency enable you to deposit, withdraw, and conduct all transactions via digital currency.

As a result, your balance is shown in cryptocurrency, so you could profit if its price rises but lose money if the price falls.

Also, most high-quality sportsbooks accepting crypto enable users to play with more than one digital coin.

Look for the following features if you plan to use end-to-end crypto sites:

• Anonymous play

• Quick deposits and withdrawals

• A relative absence of transaction limits

• Unfortunately, some sportsbooks with BTC fail to provide the above, so we invite you to go through our reviews to find the ones that do.

What kind of bonuses are on offer?

Regular users of sportsbook companies know that there is an array of different bonuses on offer.

To properly analyze bonuses, we have created three separate subsections.

Welcome bonus

It is standard practice for crypto sportsbooks to provide a welcome bonus for new players.

Such sites work hard to convince you that they’re doing you a favor.

The 100% bonus, where the site matches your first deposit, is a prime example.

In this case, the BTC sportsbook awards you $200 if you deposit $200, so your starting balance is $400.

Sadly, it is inevitable that there’s a planet-sized catch involved!

Some sportsbooks accepting crypto force you to play at least 30 times your deposit before you’re allowed to withdraw ANY money.

So, if you deposit $200, your money is trapped in the account until you play with the equivalent of $6,000.

Therefore, barring a lucky win, it is virtually certain that you’re waving goodbye to that money.

This is why it makes sense to focus on a site’s VIP package or the quality of its promotions.

VIP package

Big players at casinos expect preferential treatment in the form of upgraded accommodation, sports tickets, and free meals.

While crypto sportsbooks can’t replicate the above, they can implement VIP programs to ensure players return for more.

The standard of these rewards programs helps to separate the best sites from the rest.

Many sites use points reward systems where players earn a point for every dollar they spend on a site.

Once you reach 1,000 points, you receive $10 cash back with no other strings attached.

Such a program automatically rewards individuals who spend a lot of money on a sportsbook platform.

Other examples of VIP programs include giving players a special customer service agent and bonuses on special occasions such as birthdays.

Unfortunately, certain crypto sportsbook companies fail to offer the value provided by a high-quality VIP program.

Ultimately, if VIP rewards are important to you, it is best to check out our cryptocurrency sportsbook company reviews to discover the top-ranked sites in this regard.

Are the promotions worth your time?

Don’t focus solely on the number of promotions a site offers; the quality is far more important.

Sites that provide a constant stream of promotions are often guilty of diluting the quality.

In fact, conventional sportsbooks usually have little interest in spending time and effort on worthwhile promotions.

Instead, they offer bonuses with many stipulations that are almost impossible to benefit from genuinely.

These days, cryptocurrency sportsbooks blow their old-fashioned counterparts out of the water when it comes to promotions.

The result of better rewards is a vastly improved user experience.

Payment options

No matter how many games, bonuses, or features Bitcoin sportsbooks offer, they’re not worth your time without payment variety and reliability.

Apart from transaction speed and limits, our team’s reviews also look into the different digital assets one can use.

Withdrawal speed

In general, if you use Bitcoin, you will benefit from incredible transaction speeds.

Some cryptocurrencies can process thousands of transactions every second, though not all have this capability.

Given the market’s competitive nature, sportsbooks accepting crypto understand the need for speed, and some offer virtually instantaneous withdrawals.

We check out the sites that offer the fastest withdrawal speed and outline any potential problems you’ll face.

What are the withdrawal limits?

Traditional sportsbooks continue to annoy users by preventing them from withdrawing reasonable sums of money at once.

It is standard for such sites to keep withdrawal maximums to $10,000 per week, and this is the best-case scenario!

The above might seem okay until you hit a five-figure payout, only to discover that you can’t spend your money for weeks.

Luckily, most reputable Bitcoin sportsbooks have no issue allowing you to take out potentially huge sums.

Indeed, we know of a few sites that don’t bother implementing a maximum limit!

With this in mind, you know that a gigantic win can be transferred in moments.

Cryptocurrency choice

The number of digital coins available is in the thousands and growing rapidly.

Sadly, the majority of these digital assets will fail.

As a result, you shouldn’t expect crypto sportsbook platforms to offer you the option to use dozens of digital assets.

Regardless, highly rated sites permit the use of BTC, ETH, and several other cryptos with mainstream exposure.

Is it legal to Play in your country?

Many nations still view gambling as an illegal activity.

Yet, individuals living in one of these locations register with sportsbooks with Bitcoin and play despite the ban.

Top-rated sportsbooks that accept BTC support users in the vast majority of nations where playing on sports markets or casino games is legal.

When you try to register with such reputable sites from a prohibited country, they make it clear that it’s impossible to join.

Alas, low-grade Bitcoin sportsbook platforms seize upon this mistake and gratefully accept users from every country.

It is an easy way for them to make money since they can place the blame solely on the user.

Upon your initial deposit, such companies seek account verification and keep your cash after shutting your account down.

Some eager gamblers hide their location with a VPN to bypass geographical restrictions.

If a legitimate sportsbook that accepts BTC discovers you’re from a country on its prohibited list, it will shut down your account but return your money.

Before you breathe a sigh of relief, remember that your actions could get you into legal trouble!

Is the Bitcoin Sportsbook reputable?

Once you make BTC transactions, there is no way to reverse them, a fact that’s a blessing and occasionally a curse.

All it takes is one minor error when sending crypto for you to lose it forever.

This is also the case if you register with a dubious BTC sportsbook that steals your cash.

BTC is decentralized, meaning there are no intermediaries such as banks, brokerages, or exchanges to complain to if something goes wrong.

Consequently, you should pay special attention to the reputation of sportsbooks accepting crypto.

Apart from doing your own research, read our reviews to see if you can trust the sites you’re interested in using.

We don’t just play on Bitcoin sportsbooks to give you our first-hand experience, we also ask real users for their opinion.

By the time we’re finished, we will tell you everything you need to know about the reputation of each site we cover.

Customer support

Never underestimate the importance of a high-quality customer support team.

If the sportsbook accepting crypto fails in this regard, you’re left floundering if there’s a problem with your account.

Whether you have an issue with a game or a withdrawal, you’ll feel better with a trained customer service agent on the case.

Our team investigates the general standard of customer service on every site we review.

We speak to different agents on the site, analyzing their level of skill, helpfulness, and general demeanor.

The Caliber of Playing Selections Offered by the Bitcoin Sportsbook

The sportsbook that accepts BTC sphere is hotly contested, and only sites that offer a superb range of sports and markets will succeed.

Our reviewers have gauged the quality of the sports markets on offer, and you can use this information to make an informed decision on the site you choose.

What Sporting Events & Markets Does The Bitcoin Sportsbook Offer?

Sports lovers will be delighted to know that the best cryptocurrency sportsbooks cater to almost all their needs.

When reviewing sportsbooks with crypto, we investigate the different sports and markets available, not to mention the available odds.

After all, if you fail to get the best value prices, you significantly reduce your chances of profiting in the long term.

Below are five of the most popular sports available on crypto sites, along with bullet point lists of common markets.

The best eSports markets

The electronic sports market has attained legitimacy amongst the public.

With a massive audience, eSports are lucrative to the point that elite players can earn a small fortune.

eSports consists of world-class video gamers testing their skills in specific leagues.

Popular games include Counter-Strike: Global Offensive (CS:GO) and League of Legends (LOL).

If you’ve never bet on eSports before, you might be surprised to see markets similar to traditional sports, including:

• Match winner

• Tournament winner

• Handicap

• First to

• Number of maps

Before you decide to play on esports, remember that information is power, so find as much relevant data as possible.

This is why we have included a quick overview of five great games available on sportsbooks with BTC .

Rainbow Six: Siege

Developed by Ubisoft in 2015, Rainbow Six: Siege is now regarded as one of the top esports games.

It is a standard First-Person Shooter (FPS) game where each team consists of five players who attack or defend.

With over 50 operators to choose from, players are spoiled for choice.

Experienced gamers understand the strategy involved in selecting an operator, which is similar to DOTA 2 and League of Legends.

Unlike FPS games such as Call of Duty, one can destroy the terrain in Rainbow Six: Siege.

From a tactical perspective, it is an interesting way to achieve your objectives.

Call of Duty

Sometimes called CoD, Call of Duty is regarded as a legendary First-Person Shooter (FPS) game.

When played competitively, Call of Duty involves two teams competing against one another across several game modes, such as:

• Hardpoint: Each team receives points for each second they’re in control of the important ‘hardpoint’ area

• Domination: Each team aims to control three static objectives (marked by flags) and receives points for maintaining their hold of the flags

• Search and Destroy: In this attack versus defense scenario, attackers plant and detonate bombs at one of the two available sites, while defenders must stop them

There is a specific Call of Duty League comprised of the best players in the world.

DOTA 2

DOTA 2 is a multiplayer online battle arena (MOBA) game where you can select from 100+ characters.

It follows the standard esports format with two teams of five players competing against one another.

The aim of the game is to invade the opposing team’s territory to destroy their “Ancient,” a huge structure which is located within their base.

Few esports games are as widely played and watched as DOTA 2.

With 30 teams involved, The International is the #1 DOTA 2 event and takes place annually.

League of Legends

Released in 2009 by Riot Games, League of Legends (LOL) remains among the most played esports MOBAs.

In competitive LOL, each team (with five players each) tries to destroy the base (Nexus) of their opponents.

There are over 130 playable characters, each of which has unique attributes.

Throughout the game, players must finish challenges to boost their character’s power and give their team an edge.

The League of Legends World Championship takes place each year with teams competing to win the Summoner’s Cup, a trophy that weighs 70 pounds!

FIFA

FIFA Football has been a major esports game since it featured in the first edition of the World Cyber Games in 2001.

The fact that players from all over the world engage in regional tournaments is no surprise, given the popularity of soccer.

The winners of these events qualify for Regional Playoffs as part of the FIFA Global Series.

One issue with the game is relying on AI to control 10 of the 11 players on the pitch since FIFA is a one-person enterprise.

Even so, the global appeal of soccer means FIFA should enjoy at least its current level of popularity for the foreseeable future.

Essential information when Playing on virtual sports

Unlike real sports, where the competitors decide the outcome, virtual sports events rely on a random number generator (RNG) to determine the result.

When playing on virtual sports, please note that you see the same outcome as everyone else watching.

The sportsbook that accepts Bitcoin is unable to fix the result because the algorithm used is entirely random.

You’ll quickly find that virtual sports markets seem familiar because they replicate their real sports counterparts.

Since the ‘competitors’ never feel exhausted, sportsbooks with Bitcoin have the option to offer events every few minutes.

As a result, you have hundreds of playing opportunities daily.

What virtual sports are available to Play on?

Bitcoin sportsbooks know how popular these events are and are continually expanding the available sports.

These include darts, basketball, and soccer.

Once you place your play, the event begins with everything decided completely at random.

As there is no form or other factors to consider; winning or losing is purely down to chance.

There are greyhound races every 60 seconds, with cricket fixtures usually occurring every four minutes.

As long as you play within your limits, you might find that watching virtual sports is a fun way to spend some time.

What are the most common virtual sports markets?

Those who play on real sports will recognize all of the markets available in virtual sports.

In general, the markets are more simplistic, but certain sports offer a surprising number of options.

In basketball, you can play on the points total or spread, whereas the following markets are available in soccer:

• Winner

• Final score

• Double Chance

• Scorer of the first goal

• Asian handicap markets

In certain cases, players who play on sportsbooks with Bitcoin prefer the different experience these events provide compared to real sports.

If you’re interested in discovering the upsides and downsides of virtual sports, keep reading!

Virtual sports advantages

• With several hundred daily events and associated markets, you’re spoiled for choice

• There is no chance that reputable Bitcoin sportsbooks will fix the result

• You can play freely, safe in the knowledge that factors such as weather, form, and injuries have no bearing on the event

• In certain sports, there are events every 60 seconds

• No individual has an advantage because there’s no skill required to win

Problems with virtual sports

• As the outcome is random, there’s no way to gain an advantage

• Over time, you’ll lose money because the sportsbook that accepts cryptocurrency has a house edge

• With so many events each day, it is possible to lose massive amounts of money quickly

• At present, crypto sportsbooks still offer far more markets for real sports

• While virtual sports can be entertaining, they pale in comparison to the excitement generated by real sporting events

Pros and Cons of Utilizing Bitcoin on Sportsbooks

Using BTC for playing could be challenging, especially for newcomers.

If you are ready to use Bitcoin for playing, then you should know more about this method of payment.

Overview of Bitcoin

Bitcoin is a digital currency operating without the control of financial or state authorities.

This is the result of peer-to-peer cryptography used by BTC transactions.

Additionally, all bitcoin transactions are kept on servers all around the globe and recorded by a public ledger.

Servers are also known as nodes and anyone with a computer can create them.

However, a consensus about who owns coins is made cryptographically across these nodes, without the inclusion of a bank or any central organization.

The network broadcasts every BTC transaction and transfers it from one to another node.

Going forward, miners will collect these transactions and add them to the blockchain.

Pros of Using Bitcoin

Be sure to check some pros of using Bitcoin for playing.

Another benefit of Bitcoin is privacy.

Those who use Bitcoin are not required to give private information.

This ensures that no one knows who made a purchase.

Bitcoin is secure.

When using Bitcoin for playing, you don’t need to unveil personal information.

This ensures full security and prevents identity theft.

It is not possible to change BTC transactions upon processing.

Transactions with BTC are quick.

BTC transfers are prompt whether you make local or international transactions.

This is possible thanks to the direct transfers from user to sportsbook, without interference of central bank.

Bitcoin works as a decentralized option.

Your Bitcoin account cannot be easily hacked or frozen by a bank.

This is because of the fully decentralized system behind BTC and absence of regulatory authority.

Users have a complete control over their funds and transfers.

Drawbacks of Utilizing Bitcoin

Don’t hesitate to learn more about Bitcoin playing cons.

Bitcoin is unpredictable.

BTC has been facing scalability problems.

Moreover, the BTC framework is incomplete.

Bitcoin transactions are untraceable.

If you make a payment to sportsbook, you don’t have to reveal personal information.

Nevertheless, each transaction stays on the blockchain enabling users to check the balance of public BTC addresses.

Notwithstanding its anonymity, Bitcoin is also associated with criminal activity.

Operators have already created tools to monitor BTC transactions and suspicious activities.

Bitcoin is volatile.

Bitcoin’s price is subject to regular ups and downs.

Fluctuation is caused by the limited number of Bitcoins and the growing demand for them.

Its volatile nature doesn’t make it a perfect option for savings.

Final Thoughts on Finding the Best Bitcoin Sportsbooks

Cryptocurrency is arguably the most exciting thing ever to happen for bettors.

It often gives you a chance to play anonymously, meaning no oversight from the banking system.

Although you have a fabulous choice of sportsbooks with Bitcoin, some are far better than others.

Given that it is a nascent industry with lax oversight, there are sadly lots of shady operators.

Therefore, we aren’t satisfied until we uncover everything there is to know about each Bitcoin sportsbook we visit.

The ensuing reviews look into a site’s reputation, payment methods, withdrawal speed, and betting options, among other things.

In our humble opinion, crypto is the currency of the present and future, with a wide range of benefits when used on sportsbooks.

Therefore, we invite you to read our reviews and determine which BTC sportsbooks meet your criteria.