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The 8 Best Bitcoin Betting Sites for Sports Betting 2024

Bitcoin betting sites allow punters to wager on their favourite sports using the popular cryptocurrency. In this article, we explain what Bitcoin is, how it works, and which of the best bookies available accept it.

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Best Bitcoin Sports Betting Sites

#1
  • Very highly-rated crypto website
  • Bitcoin payments accepted
  • 100% cashback up to 1BTC Welcome offer
#2
  • Cryptocurrency-friendly site
  • Bitcoin payments accepted
  • Brilliant odds
#3
  • Fast withdrawals through crypto
  • Almost 7,000 slot games available to play
  • Mobile-friendly games
#4
  • Very secure crypto bookmaker
  • Highly rated by users worldwide
  • Customer service is given a very high priority
#5
  • Popular crypto bookie
  • Sports, casino, esports, & virtual sports platforms
  • 100% deposit bonus up to 5 BTC
#6
  • Excellent choice for Bitcoin bettors
  • 46 different sports and over 3,000 casino games on offer
  • 100% up to €/$ 1,000 Crypto welcome offer
#7
  • Wide range of sports & casino betting options
  • Multiple crypto currencies to choose from
  • 100% deposit refund up to 6 BTC
#8
  • Available in both Russian & English
  • Features famous Novomatic slots & new Igrosoft titles
  • Convenient instant-play format
#9
  • Excellent Bitcoin welcome offer
  • 10% daily horse rebate
  • Cash reload bonus
#10
  • Fastest Bitcoin withdrawals
  • Cashback welcome offer
  • Guaranteed rakeback when betting

Bitcoin Betting Sites Reviews – Pros and Cons

Vave

Vave sports betting page

(Source: Vave)

Our top pick for BTC betting is Vave. It is an absolutely brilliant betting site even though it’s only been around since 2022.
The site is cConstantly improving, the operator, and currently you will find offers 35 sports, over 5,000 casino games, and a staggering 841 live table games to play.

Their welcome offer is superb with a 100% cashback up to 1BTC in either sports or casino betting. The minimum you need to deposit is 20 USDT or the equivalent in any cryptocurrency (USDT is a stablecoin equivalent in worth to USD). This means that the offer is really accessible to new, budget-conscious punters.

Vave features weekly leaderboards where punters who stake a certain amount enter a leaderboard, with points awarded for based on their winnings. This gives frequent punters the chance to win up to BTC 0.041 (£842.57 at the time of writing).

Vave are licensed under the Curaçao Gaming Authority as well as being a verified operator with the Crypto Gambling Foundation, which aims to create a more trustworthy, fair and safer crypto gambling landscape.

Pros

  • 100% cashback up to 1BTC welcome offer
  • Great variety of casino and table games
  • Leaderboard competitions with Bitcoin prizes

Cons

  • Could do with more sports
  • Only eight cryptocurrencies available to deposit
  • Markets aren’t that in-depth

GET STARTED WITH VAVE

Ivibet

ivibet

(Source: ivibet)

Ivibet have lots to offer, competing with everyone else when it comes to their range of sports markets and depths.

The only place they seem to fall short is their welcome bonus which is a deposit €10 and receive €150 – still excellent value but not as good as other crypto bookies.

Having said that, other promotions offered by Ivibet are great. There’s also an excellent, tier-based VIP programme that could win you up to €5,000 per month!

Ivibet is licensed and regulated under the Curaçao Gaming Authority which is a common license for crypto.

Pros

  • Large range of sports markets
  • Excellent for VIP players
  • Thousands of slots to choose from

Cons

  • Competitors have stronger welcome

VISIT IVIBET

BC.GAME

BC.game homepage

(Source: BC.GAME)

BC.GAME is an interesting crypto site offering a lot of variety – namely 43 sports, almost 7,000 slot games and 500 live dealer options.

They are renowned for their promotional offers – particularly for ‘Rain’, which randomly rewards members who’ve sent messages in their chat rooms. The chat room feature is unique for a betting site, allowing you to talk to other users and share tips and predictions.

BC.GAME also offers the possibility of buying and selling Bitcoin directly from their site. They even trade their own cryptocurrency called BC Dollar (BCD), which is used to give awards from promotions. The welcome bonus is a matched bonus of 270% in your first deposit, 300% in your second, 330% in your third, and 360% in your fourth.

BC.GAME is licensed and registered to operate under the Curaçao Gaming Authority, which means that they are perfectly safe and legitimate to use.

Pros

  • Amazing welcome offers
  • Incredible range of sports and casino games
  • Chat rooms for punters.
  • Crypto trading

Cons

  • Can be complicated to navigate.
  • Weak FAQ section

VISIT BC.GAME

TrustDice

Trustdice sports betting

(Source: TrustDice)

Regarded as one of the best crypto betting sites in the world, TrustDice has it all. Offering 50 sports, 11 esports, and over 2,000 casino games, you’ll be spoiled for choice. It is also worth mentioning that TrustDice they have their own branded an interesting Dice game created by TrustDice which could land you some huge prizes if you win.

Once entering the site, you’ll be greeted by a brilliant welcome offer which you can claim on your first three deposits. The bonuses are as follows, and you’ll have 7 days to use them after each deposit.

  • First deposit: 100% cash bonus of up to $30,000 / 1 BTC + 25 free spins (minimum deposit 0.0003BTC)
  • Second deposit: 75% cash bonus of up to $30,000 / 1 BTC (minimum deposit 0.0004 BTC)
  • Third deposit: 50% up to $30,000 / 1 BTC (minimum deposit 0.0005 BTC)

TrustDice are fully licensed by the Curaçao Gaming Authority and even have the highest rating from any crypto casino on Trustpilot, with a score of 4.7/5.

Pros

  • Amazing welcome bonus
  • Huge variety of sports
  • In-depth esports page

Cons

  • Short time frame to spend your deposit bonus
  • Casino choices are smaller
  • Only licensed in Curaçao

OPEN A TRUSTDICE ACCOUNT

Cloudbet

Cloudbet sports betting

(Source: Cloudbet)

One of the more experienced Bitcoin betting websites, Cloudbet have been around for 10 years, and they are highly acclaimed.

Though their selection of 29 sports, five virtual sports, and over 3,000 casino games isn't the most expansive on our list, they make up for this through in-depth markets and their Loyalty Rewards Club.

Cloudbet are awarding a whopping 100% matched bonus of up to 5 BTC welcome offer, which is a frankly a massive amount. The 0.001 BTC minimum, equivalent to €24 is great, and is small enough to be worthwhile for most punters too.

The main catch is that you’ll need to play casino games to accumulate points, which are required to unlock and fully benefit from the offer. You’ll have 60 days to do this.

Cloudbet are licensed to operate as a crypto betting site by the Curaçao Gaming Authority, a common licence amongst crypto bookies. You can deposit using a variety of currencies, but Bitcoin is the default setting.

Pros

  • 100% matched bonus of up to 5 BTC
  • Loyalty Rewards Club
  • Great odds

Cons

  • Not as many sports available
  • Points needed via gameplay to claim welcome bonus
  • The Homepage is somewhat cluttered

CLAIM UP TO 5 BTC WITH CLOUDBET

Rolletto

Rolletto-Home-Page

(Source: Rolletto)

A massive sportsbook by any metric, Rolletto offers a mind-boggling 46 different options – ranging from traditional sports to esports, politics and entertainment. The immense variety can also be seen in the casino section with almost 4,000 casino games to choose from.

Rolletto boasts a wide variety of promotional offers, including four separate welcome bonuses. The welcome offer for crypto users is a 250% bonus for your first deposit; your deposit must be equivalent to between 20 €/$ and 1 000 €/$ in Bitcoin.

Like many of their competitors, Rolletto is licensed under the Curaçao Gaming Authority.

Pros

  • Amazing welcome offers
  • Many offers and promotions
  • Huge range of sports and casino games
  • Mini-games, wheels, and more

Cons

  • Crypto welcome offer can only be used for casino
  • Weak FAQ section

VISIT ROLLETTO

FortuneJack

FortuneJack homepage

(Source: FortuneJack)

Licensed in Curaçao, FortuneJack is a well-established crypto-based betting site – particularly with regards to its casino page, which was set up in 2014. Following the success of the latter, a sportsbook was added more recently, along with further casino options. The highlight of the site lies in the amazing promotions and offers, with a welcome bonus for your first four deposits.

Although the sportsbook is relatively new, they still offer 24 sports to bet on – some of which have exceptionally in-depth markets. The casino offers a massive 2,901 casino games.

FortuneJack offers a loyalty programme for frequent bettors, where players get greater rewards the more they bet. Finally, deposits and withdrawals can all be done directly through crypto. Uniquely, FortuneJack also offers the option to buy and trade crypto straight from the site.

Pros

  • Brilliant welcome offers and promotions
  • Vast variety of casino games
  • Multiple crypto currencies to choose from
  • Crypto trading, selling, and purchasing

Cons

  • Sportsbook is weaker than casino page.
  • Website can be slow at times

VISIT FORTUNEJACK

Jackbit

Jackbit Homepage

(Source: Jackbit)

Jackbit was founded in 2022 and is still in its infancy as a bookmaker., having only being founded in 2022. They are currently operating with a Curacao Gaming Authority licence.

Even though they’ve just started out I can see that the site is improving, reflecting the operator'’s top-notch quality to offer their best service. Their extensive list of 46 sports is a sign of this dedication, as well as their selection of over 6,000 slots and over 200 live casino games.

You'll also be able to find several great offers ranging from sports to casino, with an exciting ‘Jackbit Tournament’ coming soon. The only drawback is the lack of any welcome offers; however, the regular promotions and great odds should still be reason enough to join.

Pros

  • Extensive sportsbook and casino pages
  • Great promotions and offers
  • Livestreaming is available
  • Superb in-play betting
  • Multiple crypto currencies accepted.

Cons

  • No welcome offers available
  • The site isn’t very user-friendly

VISIT JACKBIT

Bitcoin Betting Apps

Do you enjoy – or even prefer – betting on the go? Here are our top three Bitcoin betting apps to help you get started.

Vave

Vave App

(Source: Vave)

It’s another top spot for Vave, who offer a great app to complement their desktop site that incorporates the same variety, promotions, and features.

To install the app on either Apple or Android, you’ll need to download the app Vave Casino. Once that’s done, you must install and APK on the app. It’s slightly complex and Vave will be there at every step of the process to provide support.

Pros

  • Accessible worldwide
  • As good as the website
  • Available on Android and iOS

Cons

  • Installation can be time-consuming
  • Slower loading times

BC.GAME

BC.GAME App

(Source: BC.GAME)

BC.GAME is another crypto site who has successfully entered the world of mobile app betting. Their app is just as good as the website and it’s a great way to continue betting on the go.

Pros

  • Great promotions
  • Well-designed app
  • You can register an anonymous account

Cons

  • Not as fast as the website
  • Promotional offers

TrustDice

TrustDice App

(Source: TrustDice)

Rounding off our list of top Bitcoin betting apps, TrustDice offers a great app with rivals the desktop version with a clean, sleek layout. The app is clean, sleek and offers a great alternative to the web version.

Pros

  • Amazing welcome bonus
  • Cool original games
  • You can register an account without KYC

Cons

  • You can only view a few markets at a time while scrolling. Limited market view while scrolling
  • Buttons are slightly small

How To Choose the Best Bitcoin Betting Sites

MARKETS AVAILABLE
When it comes to cryptocurrency sports betting sites, you might find that the amount of available markets is a bit limited when compared to others, especially when it comes to more niche options. However, you can rest assured that you’ll find all the main sports available.

Having said this, it is also common to find enhanced betting markets for particular sports, such as esports and virtual sports, which seem to generate more interest among those users who place crypto bets.

GEOGRAPHICAL RESTRICTIONS
There’s a difference between online gambling sites which accept cryptocurrency payments and crypto betting sites which focus solely as crypto betting portals. The first kind might impose geographical restrictions on Bitcoin betting, as it depends on whether or not they are licensed to accept these payments from a player in a particular country or not. With crypto betting sites, restrictions such as these are non-existent, as deposits and withdrawals can not be traced back to a single location due to the whole system being decentralised.

Regardless of the type of betting site you’re dealing with, we still always recommend checking whether there are any country restrictions in place beforehand to be on the safe side.

BETTING SITE REPUTATION & TRUSTWORTHINESS
As with other online bookmakers, always check that your chosen site is properly licensed to operate, and is allowed to accept players from the country you are residing in.

You will probably find that many crypto betting sites may possess a licence issued by the Curaçao Gaming Authority - this is normally a good indication. However, the possession of other licences will help prove the trustworthiness of the site even further. For a detailed comparison of crypto betting sites, check out our crypto betting comprehensive guide.

VIP SCHEMES AND BITCOIN BONUS PROMOS
Finding VIP schemes at Bitcoin-specific sites might not be an easy task - however, it helps to know where to look for them. Unfortunately, VIP programmes at non-specific betting sites that accept Bitcoin as an alternative payment method don`t usually offer welcome or deposit bonuses for Bitcoin users.

Pros and Cons of Betting with Bitcoin vs Traditional Betting

Advantages of Betting With Bitcoin

There are many benefits to using this popular cryptocurrency to bet – we've listed the main ones below.

  • Speed. A very obvious advantage to Bitcoin betting is how fast deposits and withdrawals are processed to and from your betting account, often in just a matter of minutes.
  • Security. A second advantage of betting with cryptocurrencies is that, as we covered above, they are encrypted, anonymous, and highly secure. This is largely down to the blockchain technology through which they operate.
  • Flat transaction fees. With traditional fiat currency, fees are normally calculated as a percentage of the transfer. This means that the amount of fees increases as the amount of the transfer increases. This is not the case with crypto payments on online gambling sites, which remain flat.
  • Massive promotional offers. If there’s one thing which Bitcoin gambling sites do well, it’s a promotion. Famous for their welcome bonuses, some bookies give you up to 5 BTC in matched bets, which is over €100,000 worth of bitcoins. Many bookies also offer leaderboards, prize pools, and other daily, weekly and monthly prizes.
  • Trade Bitcoin while you bet. Talk about a one-stop-shop - some bookies give you the opportunity to trade your Bitcoin on site, allowing you to invest, store, and sell your funds. This is especially useful if you don’t plan to hold onto your coins for long.

Disadvantages of Betting with Bitcoin

  • Volatile value. Everyone who invests in crypto knows that the value of a coin could change drastically at any second. A big win could actually mean nothing if the value goes down to lower than what you bought your funds for. Of course, the reverse is true with a positive increase in value.
  • Restricted in some countries. One major drawback is that Bitcoin gambling sites won’t be available in certain countries. The best way to legally access these sites is through using a VPN. (VPN usage may vary among betting platforms, so it’s important to review the terms and conditions of each site. Additionally, local laws and regulations regarding online gambling and cryptocurrency usage should be considered before engaging in any betting activities.)
  • No Chargebacks. Some bookies have a no chargeback policy which means that punters won’t be able to dispute deposits, meaning once you make a deposit, you’ll have to withdraw it the way you normally would. This aims to prevent money laundering.
  • Currency conversion fees. To get Bitcoin you’ll need to buy it, and often times this involves changing your currency to BTC, which in turn will likely carry costs. Make sure you find a site which will give you the best possible rates.
  • Unlicensed betting sites. Avoid unlicensed crypto betting sites, of which there are unfortunately many online, for the sake of your own safety, only sign up to licensed operators. Rest assured that every recommendation listed above holds a valid licence and is secure to use.

Is Bitcoin Legal?

The short answer is yes – Bitcoin and other cryptocurrencies are entirely legal to use. While cryptocurrency is a payment system still in its infancy, the digital platform is a legitimate way to send and receive money. Think of cryptocurrency as a new version of PayPal, and you won’t be too far off from how it works and why it is legal.

PayPal started as a payment processor for government-backed currencies, like the British pound, and revolutionised how people could use their money. Now, cryptocurrency has brought a new financial technology advancement to the market and is itself causing another disruption within the industry. Today, even PayPal has joined the cryptocurrency expansion, allowing users to purchase, sell, pay with, and receive cryptocurrency!

If you found PayPal to be a trustworthy and legal form of financial transactions over their 20+ year history, knowing that PayPal supports crypto should put your mind at ease. This legitimate status also extends towards general sports betting sites that accept Bitcoin.

So long as you are betting with a UK-licensed site and one that accepts blockchain currencies, then there is no restriction on Bitcoin deposits whatsoever.

Popular Sports to Bet on with Crypto

There are now many Bitcoin bookmakers to choose from, with varied sports betting options ranging from the traditional to the niche. Nowadays, crypto-focused sportsbooks have caught up with traditional rivals – having many similar features, odds and promotions.

Football

Football is by far the most popular sport in the world, so it’s no surprise that Bitcoin football betting enjoys the same success. There is one thing that sets the latter apart in particular: Fan Tokens. What are these tokens, you ask? Well, they’re a way to interact with your favourite clubs, even allowing you to take part in some decision-making.

Esports

Fine wine and cheese, Xavi and Iniesta, esports and Bitcoin betting – all three are brilliant pairings and can be found extensively in most bookies. Betting on esports is superbly popular, and the digital nature perfectly complements that of Bitcoin. Every one of our bookmakers offer hundreds of markets on a wide variety of esports and popular events.

Live Betting with Bitcoin

At this point, if a bookie doesn’t offer live betting options they’re frankly falling behind.

Vave Top Events

(Source: Vave)

Live betting with Bitcoin works in exactly the same way as pre-match betting, also offering bet boosts and other promotions. You’ll also find great markets and competitive odds at any of the sites we’ve listed above.

Livestreaming

One of the best additions to an operator, livestreaming really gives punters an extra edge, allowing you to actually see what you’re betting on. Watching the action unfold in real time can help you make more accurate predictions and therefore more successful bets, too.

Possibly the best Bitcoin livestreaming bookie is Rolletto with a brilliant in-play betting experience all round, enhanced by the streaming option.

While this feature isn't available across all leagues and sports, Rolletto offers an impressive array of options. You can choose from select matches in football, basketball, tennis, snooker, hockey, rugby, baseball, and esports.

To activate this feature, all you need to do is select ‘Live’ from the top bar and click on the TV screen on the top-left of the screen.

Rolletto App

(Source: Rolletto)

STREAM WITH ROLLETTO

Bitcoin Betting Exchange

Looking to spice up your betting style? Why not try out a betting exchange?

You may be thinking, what’s a betting exchange?

Basically, instead of betting against a bookie, you’re betting against other punters. In this way odds can shift to be higher or lower, and cashing out before a match even starts could actually yield positive results. If you want to know more about this exciting way to bet, check out our exchange betting guide to get the full picture.

If you’re searching for a crypto-specific betting exchange, look no further – we’ve got the top choice for you! Sportsbet.io is an excellent platform with an amazing selection of crypto deposit options to choose from.

Sportsbet.io Featured Events

(Source: Sportsbet.io)

BET WITH SPORTSBET.IO

If you still want to place regular bets, you can do so as Sportsbet.io offers fixed odds betting as well. For an added bonus, if you prefer betting on the go, they have their own dedicated app too! Here are the main aspects to keep a look out for.

Pros

  • One of the best Bitcoin betting exchanges
  • Offers fixed-odds betting as well
  • Takes safer gambling very seriously

Cons

  • Restricted in some countries and regions
  • Exchange not offered on every sport
  • Not many promotional offers

Things to Consider When Betting With Bitcoin

To get started betting with Bitcoin (BTC), the first thing you need to sort out is your crypto wallet, which is essentially cryptocurrency’s version of a bank account. You'll need it to exchange, buy or sell your crypto, monitor your betting bankroll (for example) and pay for services, such as topping up your account at your chosen betting site.

Wallets

When it comes to Bitcoin wallets, there are a number of types available. Some are downloadable, either as a mobile app or a desktop client, while others run on a browser. When you have settled and activated the wallet you want, you're good to go! Be sure to keep your wallet safe and secure, and back it up regularly with encrypted access and any other available security measures.

There are many wallets to choose from – some may offer different rates or features. Knowing how the wallet you opt in for operates is vital – for example, the popular virtual wallet Revolut offers a great rate of exchange, but you won’t actually own the cryptocurrency.

Instead, Revolut buys the Bitcoin itself and gives you the right to use it, which could be a bit less secure as technically you aren’t the owner. Sites and apps such as Binance and Coinbase will give you ownership of the funds but may be more complicated to use, especially for punters who are new to crypto gambling.

Fees

Bitcoin does apply fees for transactions to the network, but these are minor and tend to fluctuate. They also help to maintain the decentralised blockchain that keeps the whole service working smoothly.

Checking the fees just before you make a deposit could be a handy way to make sure you don’t end up paying too much. Alternatively, periodically checking transaction fees, waiting till the price drops, and depositing then is also a great option.

Security

When it comes to security, we are pleased to say that Bitcoin ticks some important boxes. Firstly, cryptocurrencies are, by their very nature, encrypted and secured within the blockchain. The latter employs miners to work together to encrypt the transactions that take place on the network. Keeping these payments hidden allows for anonymity online for all parties involved.

Moreover, crypto is decentralised with servers all over the world – there are over ten thousand nodes keeping track of all the transactions processed on the system. This means that if something were to happen to one of the servers or nodes, others can simply step in and pick up the job, maintaining constant security. This makes Bitcoin (as well as other cryptocurrencies) a great option when betting online.

How To Deposit Using Bitcoin and Other Cryptocurrencies

Typically, depositing with Bitcoin is extremely easy and can be achieved in three steps.

  • Log in to the bookmaker of your choice and head over to the deposit page, where you can select Bitcoin (or another cryptocurrency) to make your payment. You will need to have a Bitcoin wallet to do so.
  • Enter the amount of money you wish to deposit, just as you would if you were making a debit card transaction. Be careful to note the minimum deposit amounts.
  • Confirm your transaction to complete the payment.
Now, you’re free to bet on what you wish!

Keep in mind that some bookies may charge a deposit fee if the funds are small, or in some cases if they’re large. Fees may vary from one operator to another, which is why we’ve included a breakdown in the below table.

BookmakerTransaction fees
VaveNo Fees
ivibetNo Fees
TrustDiceNo charges
Cloudbet3-5% to the final amount
FortuneJackVary between payment method
JackBitNo Fees
JustBitVary between payment method and region

Setting Up a Wallet

First of all, there are a variety of crypto wallets to choose from. If you're still new to all this, we suggest Coinbase, as it’s user friendly and favourable with its exchange rates.

It’s important to note that there are three different types of wallets: hosted wallets, non-custodial wallets and hardware wallets. We suggest having a hosted wallet to use for the crypto betting sites you choose to sign up with – it’s also the easiest one to set up.

  • Sign up to a crypto platform or exchange. For the sake of this example, we’ll use Coinbase.
  • Deposit funds into your wallet. In the centre of the image below, you can see a row of transfers made, the total account balance, and the ‘Add cash’ option in blue alongside each payment made.
  • Exchange that money for Bitcoin. For Coinbase you’ll need to Hit ‘Buy and Sell’ and proceed from there.
  • Transfer the bitcoins you’ve bought to your betting account by navigating to the deposits page. Select Bitcoin as a payment method and follow the steps as instructed by the site.
Coinbase asset overview

(Source: Coinbase)

How To Withdraw With Bitcoin

Withdrawing funds in Bitcoin is similar to doing so with other payment methods. Just make sure to confirm that the destination wallet is yours before proceeding with the payment.

The withdrawal time should be quite fast as no banks are involved, and the process itself is entirely online, saving you both time and money. Once you receive your bitcoins in your wallet, you will be able to exchange them for other cryptocurrencies or back to a fiat currency.

As we mentioned with deposits, some bookies add a fee when making crypto transactions. Luckily these are less common when withdrawing, but you may still encounter a few there are still some bookies charging to process your crypto deposit. who have them.

BookmakerTransaction fees
BC. GAME0.1% Withdrawal fee
JazzSports Fee for transactions under $50

History of Bitcoin

Contrary to popular belief, Bitcoin was not the first cryptocurrency ever invented. It was, however, the first to be popularised, and is nowadays the most well-known.

From its humble beginnings all the way back in 2008 Bitcoin.org was born, and 2009 when the genesis block was mined for 50 bitcoins, the currency has risen substantially over the years. The first notable transaction took place in 2010, when 10,000 BTC were used to buy two pizzas – oh, how times have changed since then!

The coin continued to grow and in 2014, the cryptocurrency sponsored the Super Bowl. A year later, Barclays became the first UK bank to accept Bitcoin deposits. By 2016, UK bookmakers began to accept crypto for the first time, and while plenty of operators still don’t accept the currency, the list of those that do is constantly expanding.

Cryptocurrency has seen some major setbacks throughout the years. The Chinese government noticed huge sums of money leaving the country due to Bitcoin, and in 2017, they banned its use. As a result, the market price halved.

Despite this, crypto mining and selling became enormous in China and the currency reached its peak in 2021. The government responded by declaring all cryptocurrency illegal, leading to a market crash. Since then, the market has recovered, but only just.

That being said, Bitcoin has made many major strides in the right direction, and the industry in general will surely bounce back as more markets adopt it into mainstream business.

Who Created Bitcoin?

Bitcoin was created by Satoshi Nakamoto, who, in 2008, published a research paper outlining the blueprint for a peer-to-peer digital currency.

Not much else is known about Nakamoto, leading some to believe that it’s just a pseudonym for an individual or group of programmers.

Satoshi and programmer Hal Finney recorded the first BTC transaction the following year at a cost of 10 coins.

Satoshi’s Bitcoin wallet is also a mystery, filled with 1.1 million bitcoins in his account – the coins haven’t moved in over a decade. If he, or they, were to sell them today, they would rake in $28.5 billion. Truly mind-boggling.

What Is the Value of Bitcoin?

That’s a tough question. As with every cryptocurrency, Bitcoin is incredibly volatile and can fluctuate rapidly in value. As of today (13/9/23), 1 BTC is equivalent to $26,211.30. It’s a pretty hefty amount, but nowhere near its peak of €57,253.03 back in November 2021.

But the true value is found in investing. When buying Bitcoin, the aim is normally to wait until the coin is worth more and then sell it. The value of your Bitcoin could increase or decrease at any moment, giving you further profits or losses.

How Much Bitcoin is Left?

The main feature of Bitcoin, which makes it so valuable, is that it's a finite resource.

So far, 18.6 million bitcoins have been mined – this may sound like a lot, but in comparison to other currencies, it's minuscule. To put it into perspective, there is currently £4.6 billion in circulation in the UK. Bitcoin is capped at 21 million coins, but it's speculated to take another 120 years to mine as the rate at which coins are mined is halved every year.

The figure doesn’t even include ‘lost’ coins. We’ve all heard horror stories of people throwing away thousands of bitcoins stored and forgotten in old hard drives, losing them forever.

Alternatives to Betting with Bitcoin

Altcoins

The word ‘altcoin' stands for ‘alternative coins' – the most popular of which include Litecoin, Ethereum, and Dogecoin. These cryptocurrencies are similar to Bitcoin, but offer different price points, volatility, speed, transaction fees – and even meme potential! Our altcoin betting guide will get you started on the right foot with everything you need to know.

PayPal

The original payment alternative and still one of the best, PayPal is accepted almost anywhere. You would be hard pressed to find a bookie that doesn’t accept this payment option as a way of making safe and secure and anonymous transactions online.

Apple Pay

Apple Pay is a mobile payment system that allows users to deposit and wager at an online betting site with thumbprint or eye recognition security software. The funds can be taken directly from the bank account of your choice, and you can even get lucrative deposit promos for using the service. Make sure that your betting site of choice accepts this type of payment, though, as it isn’t as widely available as PayPal.

Trustly

Trustly is another widely accepted and super secure option that can fund all of your sports betting activities. It offers numerous benefits and perks to its users – not least, a lack of additional costs, and the ability to wire funds to and from your bank account onto a betting site without having to register your details belonging to the former.

NFT Betting

The term NFT stands for ‘non-fungible token' and uses the cryptocurrency Ethereum to track the ownership of digital items, from video games to artwork to songs. The NFT platform gives people a digital investment into items that can go up or down in value, but do not have a reliable or known value until it is sold.

NFTs can provide a good way to support artists and designers you like directly, which is typically the point of owning such an item. If you personally like a digital item or an artist, that gives your investment value to you, no matter the real-world price.

Betting on Bitcoin

Another alternative that punters enjoy is financial Bitcoin betting.

Financial betting is like placing a football wager on the stock market or other commodities. You are not purchasing the stock; instead, you are placing a bet on whether it will move the way you predicted. This turns the stock market into an interesting punter's game. To help you out even further, we’ve cobbled together a list of the 10 best financial betting sites for your reference.

Right now, betting on Bitcoin has become more exciting than ever as the coin continues to fluctuate on a daily basis. Although it’s harder to predict what will happen, bookies will provide better odds-on-betting options.

Best Bitcoin Betting Sites FAQs

What are the best betting sites that accept Bitcoin?

While every one of our above recommendations makes for a brilliant choice, Vave, Ivibet, and BC.GAME are the pick of the bunch.

Is it legal to bet with Bitcoin in the UK?

Bitcoin’s popularity has not passed the United Kingdom by, and the number of Bitcoin bettors is constantly increasing. However, while it is not illegal in the UK, there are no crypto bookmakers which are licensed by the UKGC.

Which is the most trusted Bitcoin gambling site?

All sites listed at the top of this page have been licensed and regulated by the Curaçao Gaming Authority, but Vave is still our top choice as it is a member of the Crypto Gambling Foundation.

Is betting with Bitcoin anonymous?

Yes – BTC allows for anonymous transactions, which also applies to cryptocurrency betting sites.

Is betting with Bitcoin legal?

Yes, BTC and other crypto are perfectly legal payment options for betting. We highly recommend only using licensed bookmakers.

Is Bitcoin betting safe?

There are a number of factors that keeps trading in Bitcoin safe, so yes, cryptocurrency betting is perfectly securely if done correctly.

Do transactions come with fees?

Yes, there are fees when using Bitcoin for betting – usually around 2-3%.

Are there other digital cryptocurrencies?

Yes, many. Just a few of these would be Litecoin, Namecoin, Peercoin, Dogecoin, Ethereum, Tether, and Zcash. On the Binance crypto platform, they offer an in-house cryptocurrency called the Binance Coin, which is a great crypto and marketplace all in one.

How long do Bitcoin withdrawals take at online sports betting and casinos?

For a standard Bitcoin withdrawal, it will take up to 20 minutes to complete the transaction. If there is any additional processing required by the bookmaker or casino, such as an account review, responsible gambling check, or a customer due diligence check, then this will take more time. You can always contact the bookmaker and casino to request the status of the withdrawal if you are experiencing a delay.

Conclusion

Bitcoin is a genuinely intriguing option for sports punters, and one that you should definitely consider using. While not all online bookmakers accept crypto payments just yet, we fully expect that to change over the next few years despite the industry suffering a significant blow in 2022. Be sure to check back here for any future updates and more betting tips!

NG

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