In the last few years, the betting community has been blessed with a much better, more private, and safer way to make bets on the internet, and that is to do it via crypto. While there are various cryptocurrencies that people can use to make bets online, the most popular way to do it is still with the cryptocurrency that started it all, Bitcoin.
Where to get Bitcoin for betting?
There are various places to get Bitcoin, as it is the most popular cryptocurrency out there and the one that another crypto is usually measured by in value. Because there are a lot of places to get it, some are better than others. For example, many Bitcoin sportsbooks might offer you to exchange your fiat currency for Bitcoin on their site, but the rates here are usually a bit higher than at other places.
The best way to get Bitcoin is to purchase it from a reputable crypto exchange site or a crypto broker, as they will usually have decent rates and fast delivery. You will need a crypto wallet to receive crypto from these places, but making one is not that difficult.
What wallet should you use for Bitcoin Sportsbooks?
There are a couple of variants when it comes to crypto wallets, and every variant has some benefit over the other, but something that most people will agree with is that security is often better than convenience, especially if you are stashing a big number of Bitcoin on your crypto wallet. With that said, here are some recommended wallets if you want to get into Bitcoin sportsbooks:
- Blockstream Green Wallet – a cloud-based wallet that is very simple to use. You can easily transfer Bitcoins to and from your favorite sportsbooks. Since it is a multi-signature wallet, it is much safer than other web-based wallets.
- BRD – a mobile wallet, which is also known by its app name Breadwallet. It is available for both Android and iOS and it is very easy to use. It does not run on third-party software, and as it is a standalone app, it provides additional security for your Bitcoin compared to other mobile apps.
- Electrum.org – is both a desktop and a mobile app. If privacy is your number one priority, then this wallet does that best. It uses a multi-signature feature, and it is perfect for the “cold store” for your unused Bitcoin on a computer that stays offline.
- Trezor.io – a hardware wallet that you can carry around with you. It is extremely safe, and it costs about $70 on Amazon. This type of wallet is compatible with all kinds of platforms, and you can use it on your computer, phone, laptop, tablet, and whatever can read it and enable its interface, perhaps even some watches. For security, this is the best option, but it might be a bit annoying to look for a physical wallet each time you want to make a transaction.
There are many other wallets out there, but be careful, as not all of them will allow their use for gambling purposes. The best example of this is Coinbase, as using it directly for gambling purposes on a gambling or betting site is going to get your wallet shut down, which will make you lose all of your coins. Even if crypto is based on anonymity, Coinbase and other wallets that do not wish to associate themselves with gambling track the Bitcoin addresses of known gambling sites, and if you make any kind of trade with such site, your account gets deleted forever.
Is Bitcoin sports betting in USA legal?
Betting with Bitcoin is currently not illegal in any US state, which is fantastic. The same goes for the rest of the world, and as there are not any laws that might even consider Bitcoin betting illegal, you do not have to worry about anything.
Of course, there might still be certain betting options that are illegal in the USA no matter what kind of currency you would use, such as cockfighting, dogfighting, street racing, and many other illegal sports which you should never bet on anyway. You will almost never find these illegal sports on a known Bitcoin sportsbook, and if you do by some chance, you should notify the authorities.
Read Also: How to use Bitcoin for betting
What are the best Bitcoin-only sportsbooks?
There are various crypto sportsbooks out there, but if you are interested in the ones that only offer Bitcoin as their crypto option, you might want to check out some of these.
Using Bitcoin to gamble at this site is relatively easy, and you will have access to quite a lot of options. Sportsbook betting includes pretty much all the popular sports leagues such as the NBA, MLB, NCAAB, NHL, and many more. Besides the sportsbooks, you can also dabble in live betting as well as casino games.
Just like the site’s name suggests, you can use your Bitcoin to bet on pretty much any sport out there. The site is quite easy to navigate, and registering is extremely easy as well. Next to sportsbooks, you will have access to casino games, both virtual and ones with live dealers.
With a name as good as Betonline, it would be quite a letdown if the site did not have much to offer. Luckily, it is one of the best betting sites out there, as it offers to bet from sports to betting in casino games.
What are the other best Bitcoin sports betting sites?
While the sites that allow only Bitcoin to be used are not that bad, the ones that have more options are usually much better. Not only because they will usually have more sports, esports, and casino games at their disposal but also because the community is bigger, which means that there are always more wagers and better odds.
The first site where you can enjoy some of the best crypto bettings is Sportsbet.io. It offers pretty much everything one would want when they start betting with their Bitcoin. From traditional sports betting, you can expect any sport that you can think of. Whether you want to bet on soccer, basketball, hockey, golf, horse racing, or any other majorly popular sport, you will find various wagers available for each match or event in those sports.
Traditional sports betting is not the only thing you will find here, as you can also enjoy some virtual Bitcoin sportsbooks too. Virtual sports cover pretty much the same sports as regular betting, but instead of using real matches, they are played in a virtual environment based on the statistics of players. It is pretty much like putting 2 AIs to play a game on your Playstation, but instead of watching the match, you just see the end results. It is something new, and if your knowledge of the matchups is vast, betting can get you quite far.
Esports is also a thing on this site, as they offer various titles to bet on, such as League of Legends, CS: GO, Dota 2, Valorant, Wild Rift, Call of Duty, and many others. Considering that e-sportsbooks are not that big of a thing yet, having any kind of esports betting on Bitcoin betting sites is better than nothing.
Of course, if you would like to take your mind off sports betting, there are also some casino games that you can dabble around in. Sportsbet.io has both virtual and live casino games that you can check out, and trying these out from time to time always feels good if you are on a bad betting spree.
If you are looking for a site that offers a large number of options when it comes to sportsbooks, esports betting, as well as casino games, then Thunderpick.com is the place you are looking for. Not only that it has a large number of options for you to bet on, but it also has rewards and promotions for its players every day.
Betting on this site feels quite rewarding, even if you are doing it in smaller amounts. While it might not have the same number of wagers as its competitors, the bonus rewards should be enough to keep you coming back from time to time.
One of the oldest platforms when it comes to gambling with crypto is Cloudbet, and it is a site where you will find pretty much anything when it comes to betting. Of course, it might not have big bonuses and rewards as big as some of its competitors, but since it offers such a huge number of sports, esports, and casino games to bet on, in both virtual and live forms.
When it comes to sports betting, you will find all kinds on FortuneJack.com. There are hundreds of wagers available when it comes to soccer, basketball, tennis, and a few others, and other sports usually have a dozen wagers at the time. It is not the biggest sports betting site out there, but it is certainly worth checking out.