Best Crypto Sportsbooks and Crypto Sports Betting Sites
Sports betting is a big part of the online gambling world, especially with the emergence of specialist sites dedicated to crypto. With so many available, we want to ensure you have the best betting options at your disposal.
Our team of sports betting experts has extensively researched the top crypto betting sites and found the top sportsbooks, each in their own category, matching specialist criteria from odds to bonuses and promotions.
Ready to find the best cryptocurrency sports betting platform for you? Let’s get started.
22Bet – Best Crypto Sportsbook Overall
After careful evaluation, we cannot deny that 22Bet is the best crypto sports betting site with a dedicated sportsbook out there. Launched in 2018 in the sports betting industry, it not only offers a complete collection of online casino games but also an extensive sportsbook with a user-friendly interface and great odds.
22Bet holds a license from the Government of Curacao, ensuring fair terms and play across the platform. There are nine main sports categories available to bet on, each with its own sub-categories, making the selection vast. You can choose from anything from classics like football, tennis, and basketball to the more unique e-sports.
One of the best things that stands out about 22Bet is the generous welcome bonus for users who sign up for the sports book. When you make your first deposit, you’ll receive a 100% match bonus up to $230. There’s also a Friday Reload Sportsbook Bonus, Rebate Bonus, Accumulator of The Day, and more for punters to take advantage of.
GG.bet – Best E-Sports Crypto Sports Betting Site
In the online sports betting world, real sports tournaments aren’t all you can wager on. E-sports is also an emerging and growing market, and GG.bet is the best place for you to explore it. After being founded in 2016, you can choose from some of your favorite competitive video game tournaments and matches on its sleek and simple design.
GG.bet also holds its main license from the Curacao Gaming Control Board, meaning all its odds and services are fair and regulated. Punters can bet on popular sports games like Table Tennis and Football, but there’s also an extremely large selection of e-sports odds, including FIFA, Rocket League, Halo, and Counter-Strike.
Punters can start things off on a high at GG.bet with three fantastic promotions. You can get a free bet on League of Legends based on your initial deposit if that’s your game of choice. If not, there is also a 100%, 150%, and 200% football deposit bonus and a $150 free bet from a $15 deposit on basketball.
Hot.bet – Best Virtual Sports Crypto Sportsbook
The offerings at crypto sportsbooks don’t stop at sports and e-sports. There are also sometimes various virtual events you can place sports bets on. If this is your preferred form of gambling, then Hot.bet’s platform is the place to be. Launched in 2020, it has become a fan-favorite virtual sports crypto-betting platform with a modern and exciting setup.
Unlike real-life sporting events and tournaments, virtual sports include simulated events such as horse racing, soccer matches, and more. Hot.bet has a wide range of markets in sports, esports, and virtual betting. Some of the many virtual sports betting categories you can choose from include Motor Racing, Platinum Houndes, and Dashing Derby.
If you want to start off on a fun note at Hot.bet, you can make the most of the 100% up to $150 sports welcome bonus as a new punter. There are also other exciting ongoing promotions such as a Reload Bonus, Monthly Freebet Tokens, and more.
What You Should Keep in Mind When Selecting a Crypto Sportsbook Site to Bet at
When finding the perfect crypto sportsbook site for you, there are a few things you need to look out for. Luckily, we look at all these things in our extensive casino reviews to help you out:
Reputation
It’s always a good idea to place bets at a crypto sportsbook that other punters approve of. You should consider the reputation of the platform, such as looking at the reviews we provide or even looking up reviews on public forums from individual bettors. You get a good idea of what to expect and whether you can trust the site.
License
Licensing is one of the first things you should check before signing up at any online casino or sportsbook. This is because it easily helps you weed out the bad seeds from the vast selection of options. Crypto betting platforms with a reputable license guarantee that all sectors of the site are fair and regulated, providing you with clear rights and peace of mind.
Security
Your security should be at the forefront of everything an online sportsbook does. It not only guarantees that you won’t have any data breaches or hacks, but you can place bets with complete peace of mind, knowing nothing will ruin your fun. Look for platforms that use SSL encryption technology to protect your personal and financial information.
Payment methods
The whole idea of a crypto betting site is that it allows you to bet with various cryptocurrencies. Therefore, you want to ensure that this is actually the case. Look up the various deposit and withdrawal options and see whether they accept the token you wish to use. Similarly, see if the site also accepts fiat currency if you want to use it from time to time.
Betting markets
There’s no point signing up for a sportsbook if it doesn’t offer your desired betting markets. For example, if you wish to bet on various e-sports tournaments, you don’t want to play somewhere that only offers live sporting event odds. Check out what’s offered on each platform, and sign up for the one that meets your interests the most.
Bonuses
You can’t go wrong with a generous bonus, so see if the crypto gambling site has any that you can make the most of. This includes a sign-up bonus that allows you to try out their betting system and odds. Similarly, it’s always good to have an account with a platform that offers its punters ongoing crypto bonuses and promotions.
Customer support
No matter how good a sportsbook is, there’s always a chance you might encounter some problems. In case this ever happens, you want to ensure there is helpful customer support that can resolve the issue quickly. Look out for crypto gambling sites that have 24/7 live chat and responsive email options for when you have a query that needs answering.
Anonymous Sports Betting With Crypto
One of the main reasons people are starting to bet with crypto on sporting events rather than fiat currencies is due to its anonymity. These betting platforms don’t usually require you to sign up with personal information, and you may not need to go through a KYC policy that involves submitting some form of ID.
In regards to sports betting, there are three main cryptocurrencies that punters like to bet with: Bitcoin (BTC), Monero (XMR), and Tether (USDT).
Bitcoin
Bitcoin is one of the main cryptocurrencies that is used on sports betting platforms due to the fact all of its transactions are pseudonymous. This means that none of them are linked to singular punters with private information but rather to public wallet addresses. It’s very widely accepted by the main crypto sportsbooks for this reason and makes anonymous betting very capable.
Monero
Monero is another private and anonymous cryptocurrency, especially when you’re using it to place bets on your preferred markets. This is because it uses advanced cryptographic methods such as ring signatures and stealth addresses. These things make it harder to track individual punters. The only downfall is that it isn’t as widely accepted as Bitcoin, so you might need to find a specific sportsbook to bet with it.
Tether
Tether is another popular coin like Bitcoin that is used across the board on most crypto sportsbooks. It’s a stablecoin that’s pegged to the US dollar’s value, allowing punters to enjoy less volatility, unlike other cryptocurrencies, but still be able to place bets anonymously. While the transactions are still linked to a blockchain offering an element of privacy, it might not be as anonymous as other coins like Monero.
Tips for Anonymous Sports Betting With Crypto
If anonymity is the main thing you’re looking for in a crypto or Bitcoin sports betting site, there’s more you can do other than simply deposit crypto. Here are some additional tips for anonymous sports betting with crypto:
Create anonymous accounts
Most of the time, sports betting platforms that focus on cryptocurrency as a payment method won’t ask for your personal information when signing up for an account. However, if you encounter a site that does, you can avoid providing it with your personal information by creating pseudonyms and not filling out all the unnecessary fields.
Use a VPN
For an additional layer of privacy, you can use a VPN when placing bets at any sportsbook. It will hide your real IP address which can give away your location and instead provide you with a dummy one. This stops the site or any potential hackers from accessing your real-life location and giving you the anonymity you’re looking for.
Utilize private wallets
Not only does taking precautions on the actual sportsbook matter, but you should also do the same with your cryptocurrency. By placing the coins you wish to deposit and the coins you win into a private wallet, you don’t have to go through extensive identity verification. The only thing is that you need to remember your login information or your funds may be lost forever.
Avoid KYC platforms
KYC involves providing online casinos and sportsbooks with some form of identification or proof of address to prove that you are who you say you are. This obviously makes it difficult to remain anonymous, so it’s best to find a sports Bitcoin betting site that doesn’t have a KYC process. This is much more common when you’re gambling with cryptocurrency.
Read up on privacy features
You never know how much information a betting site or sportsbook platform gets from you or your account, so it’s always good to see what privacy features it has in place before signing up. Check out the terms and conditions or privacy policy, which states how the site protects your data, ensuring you can place bets and wagers anonymously.
How to Bet With Crypto
Betting with cryptocurrency isn’t difficult, and there are just one or two more steps required compared to depositing funds with fiat currency. All you have to do is follow the process below, and you can place bets on your preferred tournaments and matches:
- Compare the different cryptocurrency sportsbooks available online and choose the one that best suits you. Ensure it has a good reputation and license, includes the right sports betting markets, and protects your data.
- Sign up for an account at the sports betting site you’ve chosen. Enter the relevant details required to receive an account, creating pseudonyms if you wish to remain anonymous.
- Deposit cryptocurrency into your account. Choose the coin you want to use and get the deposit address from the site. Use this address to transfer the crypto from your wallet into your account.
- Check the available betting sports markets on your chosen sportsbook. Go through the various available events such as sports, e-sports, and virtual sports. Filter through the selection until you find the tournament with the best competitive odds for your funds.
- Place a bet on the event you’ve chosen. Enter how much you wish to wager and then wait for the event to take place. The sportsbook will then show you how much you’ve won or lost at the end of the event.
- If your bet won, you can now withdraw your winnings. Head to the withdrawal section of the sportsbook, enter how much you wish to cash out, and follow the rest of the instructions.
The Pros and Cons of Crypto Sportsbooks
There’s a lot to love about crypto sportsbooks, and that’s because they come with a wide range of benefits. However, they also come with various downfalls you may need to consider as well:
Pros:
Privacy
One of the main advantages of using a crypto-based sportsbook is that there is a much higher level of anonymity and privacy compared to the usual online casinos and online betting sites. This is because they often provide the option to sign up for an account without entering any personal information, and they sometimes don’t require you to go through a KYC process.
Not only are the actual sportsbooks private, but cryptocurrency as a payment method can be anonymous, too. Based on the type of coin you use, the transactions made from your wallet to the Bitcoin sportsbook are usually built on a blockchain. These are transparent but never share any of your personal details, and make it near impossible to be hacked.
Low fees
A concern many punters have with mainstream sportsbooks and online casinos is that they require you to pay fairly high fees whenever you make a deposit or a withdrawal. This can take away from the fun of playing on these platforms because you end up spending more than you want in the end.
If you look at sportsbooks that offer cryptocurrencies as payment methods, you can often see that they have lower or no fees at all. This makes it a much more desirable payment method for deposits and withdrawals because you get the most out of your funds and end up saving more in the long run.
Bet anywhere
Back in the day, you could only place bets on sporting events at your local bookmaker or on a site on your PC. This made it difficult if you want to place a bet on a tournament that’s happening while you’re out or at work. Luckily, technology has changed, and especially with the emergence of crypto sportsbooks, you can bet wherever you are.
Most crypto betting sites come with their own downloadable app for your phone or tablet. If not, they are easily accessible via any iOS or Android device. This means you don’t have to worry about if you’re going to be out and about during a particular event, you can now place your bets anywhere.
Bigger bonuses
The most exciting thing about signing up at any online casino or sportsbook is the bonuses and promotions you can take advantage of. However, sometimes, they can be a bit underwhelming and run out before you feel like you’ve even used them. Luckily, crypto sportsbooks have the ability to offer bigger bonuses, making your time there even more fun.
There’s often an exclusive welcome bonus with a certain number of free bets available for new punters who have signed up for an account. You may also notice other ongoing or weekly promotions available specifically for punters who bet using cryptocurrency.
Faster payouts
When your bet is lucky enough to win, you most likely want access to your winnings as quickly as possible. However, when you use fiat currency, your withdrawal method might mean you have to wait a while for it to hit your account. For example, bank transfers can sometimes take up to 10 working days.
When you use cryptocurrency like Bitcoin, you can receive your payouts faster than almost every other payment method. Most of the time, the withdrawal is completely instant, and your funds will be in your wallet immediately. In some cases, it can take up to an hour, but this is much quicker than a few days.
Cons:
Lack of regulation
One of the biggest drawbacks of betting using cryptocurrency is that it’s a payment method that is hardly regulated. Unlike fiat currencies that go through banking authorities, there is very little regulatory oversight. This makes players feel slightly more concerned about the security of the transactions and whether their rights are protected.
The best thing to do when placing bets using cryptocurrency is to choose a sportsbook you can trust and one that focuses on fair play and gambling. This doesn’t get rid of the lack of regulation regarding crypto, but it protects you as a punter a bit more.
No chargebacks
If you choose a reputable sportsbook to bet at, you shouldn’t come across many issues. However, sometimes you might have made a mistake and want your money back when you’ve made a deposit. If you use fiat currency, you can often request a chargeback through your bank or online wallet, but this isn’t possible with crypto.
When a crypto transaction has been confirmed on the blockchain, you can’t ever reverse it. This makes it hard if you ever want to open a dispute with a sportsbook, and it can lead to losing a lot of money if they don’t want to give it back.
Crypto price volatility
Many punters are skeptical about using cryptocurrency due to how volatile they are. When you use a fiat currency, the value rarely fluctuates significantly, which means you know how much you’re spending or winning. With crypto, the value of the coin you’re betting with can change dramatically in a short amount of time.
This can negatively affect the bets you place because how much you may potentially win can change between the time of placing the bet and winning it. It can be a positive if it goes up, but if it goes down, you will be left feeling disappointed.
Frequently Asked Questions About Crypto Sports Betting Sites
Still have some questions about crypto and Bitcoin sports betting sites? Check out our frequently asked questions below:
What’s the most secure sports betting site?
There is no singular answer for the most secure sports betting site, and it can be down to personal opinion. However, we believe that 22Bet is the best and most secure platform for punters to use.
Is crypto gambling legal?
Yes, crypto gambling is legal. Just ensure you are using a reliable sportsbook and that it is allowed to operate in your country of residence.
How can I use Bitcoin for sports betting?
You can use Bitcoin for sports betting in the same way as any other cryptocurrency. All you need to do is sign up for an account, deposit your Bitcoin, and choose how much you wish to bet on the sports event of your choice.
Can you spread bet cryptocurrency?
Yes, you can spread bed cryptocurrency through sportsbooks that offer this option.
Which betting sites accept Bitcoin?
There are many Bitcoin betting sites you can choose from. Some of the most popular names include 22Bet, GGbet, CloudBet, and BitStarz.
