Bitcoin (1)

Bitcoin Betting sites

Paul Roux

Written by:

Paul Roux,

Last Updated: Aug 08, 2024

If you’ve been on the Internet at all these past, say, five to ten years, you’ve undoubtedly come across the term “bitcoin”. You’ve probably heard that it’s a currency that isn’t tied to any country or bank, or that it can be used to make online betting wagers quietly, securely, and privately. But is any of that true, and if so, how does it work? Is it even possible to have a currency that’s not affiliated with any one country? Is this whole thing just a big scam? Don’t worry – we at BettingSites.CC are here to explain everything!

Website None
Parent Company None/Decentralized
Founded in 2009
Type Cryptocurrency
Popularity in betting sites Medium-High
Fees 0%-10%
Deposit speed Instant
Withdrawal speed A few hours

Top 10 Bitcoin Betting Sites

Best choice

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Up to EUR 300 + 75 FS

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  • Nearly 40 sports to bet on
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4.9/5

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  • EUR 10 Table Tennis Freebet
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Best Bitcoin Betting Sites/Bookmakers

In general, there are two types of betting sites that accept bitcoin – those which are crypto-only (they’re also known as “crypto casinos”, even when they’re more focused on betting than casinos), and those which accept a wide variety of different currencies, including bitcoin! Let’s take a look at a few sites of each category:

Table of contents

Justbit

Justbit Sport SectionJustbit is a crypto-only site which will let you deposit not just with bitcoin, but with a pretty wide array of different alternative currencies – Tether, Ethereum, and so on. Once you do manage to deposit, you’ll gain access to a pretty wide selection of gambling activities, including casino games (the main focus) and sports betting. In terms of the latter, you’ll find over 20 different sports, alongside a few relatively obscure gambling activities like betting on politics (such as elections) or on different TV shows (like X-Factor).

Bets.io

Bets.io sports sectionAnother crypto casino, this one with a much larger focus on online casino than sports betting (offering more than 5,000 different games) – quite ironic given its name, huh? Naturally, just like with any other crypto site, you won’t be able to make a deposit using fiat currencies, only crypto currencies – including Bitcoin! While it’s true that Bets.io primarily relies on its casino section to attract players, its sports betting one is nothing to scoff at, with a very decent selection of sports and a good variety of sports betting bonuses.

FezBet

Fezbet Betting SectionUnlike Justbit and Bets.io, which deal in both crypto and fiat currencies – however, it at times offers exclusive bonuses for depositing in Bitcoin, so we thought it’s worth mentioning it here! Its primary focus is on sports betting, with a specialization in football which sports more than 1,000 different matches to wager on at any given point. If you’re also a fan of casino gaming, then you’re in for some good news, as Fezbet will let you play more than 9,000 different games – including some crypto titles!

20Bet

20bet Casino Review20Bet may not have the most sports or betting markets, but the reason why we’re mentioning it here is that it has some pretty quick withdrawals. Although officially the site lists a wait period of 72 hours, we’ve seen many users claim in review that the withdrawal time when using bitcoin is much lower, only a few hours. We have not been able to verify whether this is true or not for ourselves, but it may be worth looking into just in case you’re someone who is interested in fast and reliable bitcoin withdrawals!

Leon Bet betting sectionLeonBet

A big and very reputable betting site founded all the way back in 2007 – so, practically ancient! In our experience here at BettingSites.CC, most older bookmakers will not accept bitcoin, as it’s a newer payment method that can be difficult to implement unless you’re already starting out with it in mind. As such, LeonBet is one of the very few older betting sites which accepts BTC, allowing you to combine the convenience and privacy of bitcoin deposits with the comfort and security that can only be offered by big, established gambling brands!

B7

B7 Casino ReviewMake no mistake – although this bookmaker has a very strange name that sounds like an airport terminal more than a place where you can bet on football and tennis, it’s actually a very popular and beloved site sporting a great number of different payment methods! That, of course, includes Bitcoin, among many other fiat and crypto options. The reason why B7 is so cool is that it lets you freely mix and match the various payment methods, so that, for example, you can deposit in Bitcoin, but then withdraw in a number of other currencies.

What is Bitcoin and why is popular at online bookmakers?

If you’re reading this, you probably belong to one of two camps – people who are extremely familiar with Bitcoin and looking for some places to gamble with their mined currency, or people who only know the name Bitcoin and want to learn what all the fuss is about. If you belong to the former, then this section won’t teach you much you already know, but if you’re in the latter, stick around! Let’s briefly explore just what Bitcoin is and why so many betting sites accept it.

Bitcoin is, in essence, digital currency. It exists entirely on the Internet, and isn’t tied to any one country. Traditional currency is typically controlled by an institution (for example, the American dollar and the US Treasury), a centralized organ that very carefully monitors the supply and value of the currency. These organs are responsible for making sure that the specific currency they’re in charge for doesn’t skyrocket in value or lose too much of it, and they do that by, for instance, printing more or less bills depending on the level of inflation.

Bitcoin, however, does not have such organ. Instead, its value lies entirely in what people are willing to pay for it, which in turn has led from 10,000 bitcoin being enough for two pizzas to just one bitcoin costing over €60,000. Its value has risen because people are simply willing to pay more for it, and there’s no institution to regulate that price. Okay, that’s not the full picture – the fact of the matter is that the amount of Bitcoin that can exist in the world is very limited. If someone burned a bunch of dollars like the Joker from “The Dark Knight”, the Treasury can just print more, but once all Bitcoin have been mined, that’s that – and the vast majority of them already have been. As such, supply has decreased, demand has skyrocketed, and thus, so has the value of bitcoin.

But what is this “mining”, anyway? Well, bitcoin obviously doesn’t operate on the honor system – you can’t just say you have 50 bitcoin and make it so. You need a system to ensure everyone is playing fair, something that can monitor all transactions and make sure that each bitcoin out there is in its proper place. But you can’t just make a server somewhere to monitor that without centralizing the currency, so instead, a ton of individual users have each contributed some amount of processing power to a sort of shared server known as the ‘blockchain’ which is responsible for monitoring all transactions. That way, no one user is in charge of Bitcoin as a currency – and furthermore, by dedicating resources to the blockchain, you’ll be rewarded with some Bitcoin of your own. This process is known as ‘mining’, and it’s how new bitcoin come to be (though the process of mining has become slower and slower as time goes on due to the limited amount of coins yet to be mined).

Phew! That probably made your head hurt, huh? No need to sweat the details – all you need to remember is that Bitcoin is a currency that only exists on the internet, no one can manipulate or control, and yet everyone can monitor to ensure fair play. This makes it incredibly appealing for online gambling, as it means you can place a deposit anywhere in the world with no country or authority having the power to block the transaction.

Ups & Downs of using Bitcoin for online betting.

PROS:

  • Availability – Although they aren’t many, there are some countries that do not support Visa or MasterCard, or which will impose high fees for bank transfers. Furthermore, there are a ton of countries which will only accept some payment methods, but not others – which means that if your preferred payment option is, say, Neteller, you may not be able to use it even if the site supports it just because of where you live. Bitcoin, when supported, is universally and globally available, meaning that it’s very reliable.
  • Security – It’s always possible to hack into any payment method – chances are, many of us have experienced having our credit card information stolen. Bitcoin, however, is practically impossible to hack into without having the proper wallet key (which realistically only you, the person who created the wallet, should have). In fact, bitcoin is so secure that there are many cases of people who lost their key and have now found it impossible to retrieve the crypto stored inside! Needless tot say, this is a big boon when it comes to a potentially risky venture like online betting.
  • Privacy – Let’s be honest here for a second – banks generally don’t look kindly upon online gambling, to the point where some countries will lower your credit score if they catch you engaging with online bookmakers. So, how can you dodge that? Well, bitcoin deposits are anonymous as far as your bank is concerned – they can see that you used your card or bank account to purchase bitcoin, but not what you spent them on later. Therefore, your gambling hobby will not be held against you.

CONS:

  • Inconvenient – Crypto is a digital currency, which means that it can only be used online. In order to use it in the real world (like, say, to buy groceries or pay your bills), first you’ll need to sell your coins in exchange for your native currency. You can do that via dedicated websites or through physical ATMs that can be found in many cities, but unfortunately, the process can be inconvenient and leave you with additional fees which you weren’t anticipating.
    Slow withdrawals – Bitcoin is considered to be a very slow crypto – which means it can often take several hours for the blockchain to calculate everything and approve the transaction. This is because bitcoin was never intended to be quite as big as it ended up being, and so with thousands of people trying to run transactions at the same time, the pre-existing blockchain is having trouble keeping up. Obviously withdrawing via bitcoin won’t be anywhere near as slow as withdrawing via card (which can take days), but it’s still much slower than using most other cryptos.

 

Bitcoin betting sites by sports

Football betting

Football bettingWhether you’re betting with cash, bitcoin, or beer caps, chances are you’re doing that betting on football! It’s the world’s most popular sport by a decent margin, so it’s really no wonder why so many people who have chosen to place bets with crypto have gravitated towards it! While practically all betting sites will let you wager on the big football leagues (for example, Champions’ League, Bundesliga, or Premier League), what makes football betting cool is that you can also wager on a bunch of smaller games from around the world!

Tennis betting

Tennis BettingMost people are quite happy with betting on football, but some prefer a more intimate experience – and the one-on-one tennis matches may just be precisely what they’re looking for! The good thing about tennis is that you never need to wait too long for another major international championship to happen, whether that’s the ATF, WTA, the varions national Open leagues, or, what else, Wimbledon! As you can imagine, being able to place wagers on any of these tournaments using bitcoin is just as simple and straightforward as it is when betitng with any other payment method!

Esports betting

EsportsGiven the fact that bitcoin is an e-currency, it only stands to reason that we should mention betting on e-sports! In all seriousness, although these two things are mostly unrelated to each other, the fact remains that they’ve followed a very similar trajectory: existing mostly as niches that very few betting sites entertained as anything more than a novelty, until they suddenly exploded and became extremely common at bookies around the globe! Right now, it’s downright trivial to use bitcoin in order to wager on matches for Dota 2, Counter-Strike, Overwatch, or much more niche games like WarCraft 3 or Injustice 2!

American football betting

Rugby BettingWhen we said earlier that football is the most popular sport in the world, that came with a tiny caveat – it never quite managed to take over the US the way it has Europe, South America, and Africa. Not to worry, though! Americans have their own football, and one that they love just as much as your average European enjoys their own sport! Every year, nearly 2/3 of the US population sits down to watch the Superbowl, and, as you can imagine, that comes hand in hand with a whole lot of sports betting! Bitcoin has always been crazy popular in the US, so it really shouldn’t shock anybody that a decent number of NFL wagers are placed precisely this way.

Bitcoin betting by type

New betting sites

New Betting SitesBitcoin may have existed for fifteen years by the time we’re writing this, but it has only recently started emerging within the realm of online bookmakers! Brand new sites are far more likely to accept this payment method than ones which have been operating for decades, so this is a logical place to start your bitcoin betting journey! Here are a few sites which have only opened their doors this year:

Crypto betting sites

Crypto Betting SitesIt’s always nice to find a regular bookmaker which also lets you place deposits using bitcoin, but it’s even nicer when the site is built from the grounds up specifically to support crypto currencies rather than fiat ones! These “crypto casinos” aren’t quite as common as they were a few years ago, but you can still find plenty of them out there, including:

Betting Apps

Betting AppsDespite the fact that you need a computer to mine crypto (including bitcoin), most people don’t actually use their computers to spend it – instead, they use dedicated bitcoin apps on their phones! With that in mind, it’s really no wonder why so many would prefer to make wagers with bitcoin from their phones, right? Well, if you’re among them, have no fear! There are plenty of bookmakers that offer dedicated mobile apps (either downloadable or playable through your browser), such as:

How to bet with Bitcoin?

1

Create a Wallet

If you already have a bitcoin wallet you can skip this step. However, if you don’t already have one, you should look into creating a BTC wallet – there are many services that can assist you in this!

2

Buy Bitcoin

With your wallet all set up, you will next need to buy some coins which you’ll be using for your deposit. Again, many services which support the creation of wallets will also let you buy coins directly from them with your credit card.

3

Place a Deposit

Navigate to the betting site you wish to use and then go to the banking section. After that, go to the banking section and use your bitcoin to deposit!

4

Make Your Bets

Once your bookmaker deposit has cleared, you’ll see the bitcoin gone from your wallet and now reflected into your bookie account. You can now freely use them to place wagers!

Bitcoin taxes

Making a bitcoin transaction from one wallet to another should be free – there is no cut that a company is taking (like they would with Visa or PayPal for instance) because no company is behind bitcoin, it’s all decentralized. As such, the overwhelming majority of online bookmakers will not charge you a cent in fees when you withdraw in bitcoin, and the ones who will try are probably out to scam you.
With that said, that doesn’t mean you won’t be paying any fees at all. Ultimately, bitcoin is an online currency, and if you wish to use it in the physical world, you’ll first need to sell it. This means that, after you have already withdrawn your bitcoin winnings, you’ll need to use a third party service to sell them into your native currency. That process can be pricey, and can cost between 5% and 10% of your sum – but alas, it’s unavoidable if you wish to actually make use of those winnings.

Bitcoin global coverage

Bitcoin is available globally. No, we don’t mean “it’s available in most countries except a few” – if people live somewhere, anywhere, then they can pay with bitcoin! That’s the big benefit of a decentralized currency that isn’t tied to any one nation, government, or reserve. Anyone can use it for anything they like.

It’s important to point out that just because bitcoin is accepted from anywhere doesn’t mean that any bookmaker will accept you as a player as long as you deposit with it. Ultimately, all betting sites have a list of countries they accept players from, and if you don’t live in one of them, you simply won’t play there. What we’re referring to are situations where, for example, players from Germany and from Nigeria are both accepted at an online bookmaker, but the former can deposit with Revolut and the latter can’t due to territory restrictions. In this case, both players will be able to deposit with bitcoin without the aforementioned restrictions.

New bookmakers accepting Bitcoin

New Betting SitesWe’ve given you plenty of examples of bookmakers that accept bitcoin throughout this article, but ultimately, all of these bookies already exist as of the time of writing this article. How about all the sites that will launch after it already goes live? We can’t just keep coming back and adding them by hand, that wouldn’t be practical! But no worries, we don’t have to – because below you’ll find an automated table that will automatically display the latest bookmakers that accept bitcoin!

Recently reviewed Bitcoin betting sites
Casino name Rating Bonus License Launched Min Deposit Min Withdrawal
Lucky Pays 4.0 100% Up to €777 + 77 Free Spins Costa Rica 2024 €20 €25
LegendPlay 4.0 100% Match up to €250 N/A 2022 €10 €10
Wildsino 4.1 100% up to EUR 100 Curacao 2024 €10 €10
Wonaco 4.1 100% up to EUR 100 Curacao 2024 €10 €10
Slots Palace 4.0 100% up to EUR 100 Curacao 2020 €10 €10
Cazimbo 3.8 100% Match up to €100 N/A 2021 €10 €10
Boom Bet 4.1 100% up to EUR 500 Curacao 2024 €20 €40
BC Coin 4.0 100% up to EUR 500 Curacao 2024 €20 €40
Cawino 4.1 100% up to EUR 100 Curacao 2024 €10 €10
TrivelaBet 4.0 100% Mixed Sport ComboBoost Curacao 2024 €20 €50

Frequently Asked Questions

Yes, bitcoin is one of the safest payment methods out there. Due to the way the system works, with the blockchain recording every transaction, there’s no chance of a ‘misfire’ where you lose your money but it never arrives at its recipient either.

Yeah, loads of them! Granted, many older sites will not accept bitcoin – some will, but most will stick to older methods like credit cards. However, most online bookies founded in the last few years will accept bitcoin without any issues whatsoever.

Most sites will not charge you a fee for withdrawing with bitcoin. However, if you wish to convert your coins into your native currency (euro, dollars, etc), you will need to sell them through a third party service. Those services will often charge you with a fee that can go as high as 10%, although fees this high are pretty rare.

That depends on the site’s own policy. Crypto casinos will typically let you deposit and withdraw using whatever combination of currencies you like (although some will still lock you into using the one you deposited with). As for mixed bookmakers, you might as well flip a coin. Some will let you mix and match, while others will make you stick to your lane, so to speak.

No, not at all. All bitcoin transactions are final, and once they’re done, they’re done. This means that if you make a deposit at an online bookmaker with bitcoin and it turns out that the bookie is fake and fraudulent, there is absolutely no way to receive a refund for the transaction.

Bottom line

At the end of the day, bitcoin can be extremely valuable for two reasons. First and foremost, there’s privacy. All bitcoin transactions are public, but no wallets have any names associated with them – which means that nobody can associate your own bitcoin spending with your real self. Obviously we don’t encourage you to hide your gambling for nefarious reasons (such as trying to get around restrictions due to gambling addiction), but at the same time, you deserve the right to privacy in this era of constant online surveillance, and bitcoin is a great way to get that.
The second reason is that bitcoin is globally available. Not every country will support Neosurf, Skrill, or eZeeWallet, but if the particular bookmaker supports bitcoin, chances are they will support it around the world. So, by making a bitcoin wallet, you can rest easy knowing that any online bookie which accepts bitcoin (and operates in your jurisdiction) will take your money, and that can be very reassuring when researching your next site!

Expert opinion

Paul Roux est le responsable du contenu et l'éditeur de BettingSite.cc, où il apporte son expertise à la scène française des paris sportifs. Ancien journaliste ayant travaillé dans les principaux médias français, la passion de Paul pour le sport le pousse à produire des histoires captivantes, des articles perspicaces et des analyses détaillées sur les bookmakers. Sa connaissance approfondie du journalisme et de l'industrie des paris sportifs lui permet de fournir un contenu de haute qualité adapté aux passionnés et aux parieurs en France.