Crypto sports betting is an innovative way to place a wager on your favorite team or player. Over the years, crypto sports betting has become massively popular in the United States, with the market comprising a substantial portion of all gambling in the country.
In today’s article, we will explain what crypto betting is, how it works, and what the best crypto betting sites are. We will guide you through everything you need to know to place your own crypto wager with a trusted and respected sportsbook!
(T&Cs/wagering requirements apply)
Bovada
Bovada is a top-tier sportsbook for crypto bettors, supporting Bitcoin, Ethereum, and Bitcoin Cash. It offers a massive variety of sports to bet on, including NFL, NBA, MLB, eSports, and even niche markets like political betting. Live betting and streaming are available for many events, which gives bettors a dynamic and engaging experience.
The site offers competitive odds, real-time in-game betting, and fast crypto withdrawals, making it a preferred choice for both recreational and serious bettors. Bovada also runs special promotions targeting crypto users, further enhancing its appeal.
The only downside is that Bovada is restricted in certain regions, meaning some international bettors might need a VPN to access the site. But for those who can access it, Bovada offers one of the most comprehensive and user-friendly crypto sports betting experiences.
Pros | Cons |
---|---|
Huge variety of sports and markets | Georestricted in some regions |
Live betting and streaming for major events | Higher-than-average vig (juice) on odds |
Exclusive promotions for crypto bettors |
(T&Cs/wagering requirements apply)
BetOnline
BetOnline offers one of the most comprehensive crypto sports betting platforms, with support for Bitcoin, Ethereum, Bitcoin Cash, and USDT. The sportsbook covers a wide range of sports, from traditional football and basketball to UFC, eSports, and even virtual sports. They also provide live betting and streaming options for major events, adding to the excitement.
BetOnline’s crypto banking system is fast and efficient, with low fees for deposits and withdrawals. The platform provides users with regular promotions and bonuses, and the sportsbook is designed to offer a seamless experience across both desktop and mobile devices.
However, BetOnline’s odds are sometimes less favorable compared to other sportsbooks, and there is a lack of advanced betting tools. Despite these drawbacks, it remains a solid choice for crypto sports bettors, especially those who want a large variety of markets and live event options.
Pros | Cons |
---|---|
Wide range of sports and events | Odds not as competitive as some competitors |
BTC, ETH, BCH, and USDT accepted | No loyalty rewards for crypto users |
Live betting and streaming available |
(T&Cs/wagering requirements apply)
BetWhale Casino
BetWhale offers a unique crypto-only sports betting experience, focusing on Bitcoin, Ethereum, and USDT for all transactions. While still a newer player, BetWhale offers a decent selection of major sports like football, basketball, eSports, and soccer. It supports live betting and gives bettors access to updated odds in real-time.
With no KYC required for most crypto deposits and withdrawals, BetWhale offers a fast, anonymous betting environment. The betting interface is clean and easy to use, ideal for both new and experienced bettors who prefer using crypto exclusively.
Despite its strong features, BetWhale’s limited sports coverage and lack of advanced features such as live streaming and detailed stats could hinder its growth. Still, it’s a solid pick for crypto bettors looking for privacy and simplicity.
Pros | Cons |
---|---|
BTC, ETH, and USDT support for betting | Limited sports markets |
Fast, anonymous crypto transactions | No live streaming of events |
Live betting on major sports |
(T&Cs/wagering requirements apply)
Wild Casino
Wild Casino is a solid option for crypto sports betting, especially for those who want to wager with Bitcoin, Ethereum, and USDT. The platform features a wide array of sports markets, including football, basketball, baseball, tennis, and more, with live betting options for major events. Wild Casino offers competitive odds, and the use of crypto ensures fast deposits and withdrawals, making it an attractive choice for sports bettors who want to avoid traditional payment methods.
The site’s sportsbook is easy to navigate, with user-friendly features like live scores, odds tracking, and in-game betting options. It also provides generous crypto bonuses, allowing players to maximize their potential wagers. The mobile experience is responsive, so bettors can easily place wagers on the go.
However, Wild Casino’s sportsbook is limited compared to other major betting platforms, and there could be more market variety. Still, for those seeking an entry-level experience in crypto sports betting, Wild Casino provides a reliable and convenient option.
Pros | Cons |
---|---|
Fast deposits and withdrawals with BTC and ETH | Limited sports markets |
Competitive odds on major sports | Smaller selection of niche sports |
Generous crypto-specific bonuses |
(T&Cs/wagering requirements apply)
SuperSlots
SuperSlots is an emerging site in the crypto sports betting space, offering a modest sportsbook with Bitcoin and Ethereum support. The sportsbook includes a good variety of major sports such as football, basketball, soccer, and eSports. SuperSlots also accepts USDT, making it accessible for players who prefer stablecoins.
The crypto betting experience is straightforward, with quick deposits and withdrawals, and it offers users an easy sign-up process. It’s an ideal platform for casual bettors who prefer the convenience of crypto transactions over traditional banking options. SuperSlots also runs regular promotions, often targeted at crypto bettors.
The sportsbook lacks advanced features like live streaming and more specialized betting markets. For a more dedicated sports betting experience, bettors may find SuperSlots lacking in variety and options.
Pros | Cons |
---|---|
BTC and ETH accepted for sports betting | Limited sports markets and events |
Quick and secure crypto withdrawals | No live streaming of events |
Regular promotions for crypto users |
(T&Cs/wagering requirements apply)
Ignition Casino
Ignition Casino is one of the leading platforms for crypto sports betting, offering an excellent experience for Bitcoin and altcoin users. With a wide range of sports to bet on—including NFL, NBA, MLB, and NHL—Ignition offers live betting and competitive odds on major events, making it a strong contender for sports enthusiasts. Crypto withdrawals are quick and generally free of fees, which is a huge plus for players.
The sportsbook is paired with a modern and responsive interface, providing real-time updates on live events and odds. Bettors can place bets in just a few clicks, and the overall betting experience is smooth and efficient, especially for mobile users.
However, Ignition lacks live streaming for most events, and its sports markets may not be as extensive as some larger platforms. It’s an excellent choice for those who want a simple and user-friendly crypto sports betting experience.
Pros | Cons |
---|---|
Wide range of sports available | No live streaming of events |
Fast crypto deposits and withdrawals | Smaller selection of niche sports |
Real-time updates for live betting | |
(T&Cs/wagering requirements apply)
Café Casino
Café Casino offers a modest sportsbook that supports Bitcoin, Ethereum, and USDT for sports betting. While not as extensive as some major sports betting platforms, Café Casino covers football, basketball, baseball, and soccer, among other popular sports. Players can make quick crypto deposits and enjoy seamless payouts.
The platform provides betting bonuses aimed at crypto users, and the interface is simple to navigate. However, Café Casino does not offer live betting or streaming, which can limit the in-play experience for users who want to bet during live events. The betting options, while solid, might seem too limited for players used to larger sportsbooks.
For casual bettors seeking quick, easy bets with the advantage of crypto transactions, Café Casino is a decent option, but it lacks the features expected by serious sports fans.
Pros | Cons |
---|---|
Quick BTC, ETH, and USDT deposits/withdrawals | No live betting or streaming options |
User-friendly interface for beginners | No niche sports or esports |
Solid selection of major sports markets |
(T&Cs/wagering requirements apply)
Slots LV
Slots LV provides a fairly robust sports betting platform with Bitcoin, Ethereum, and USDT support. It offers a variety of popular sports, including NFL, NBA, UFC, and eSports. The platform also features competitive odds, with options for in-play betting during events.
Sports betting bonuses for crypto users are frequent, and payouts are generally processed quickly, with minimal fees. However, the sportsbook lacks some of the advanced tools seen on larger platforms, such as live event streaming or detailed analytics. The interface is easy to use, making it suitable for new sports bettors.
Although the sports markets are fairly standard, and the site doesn’t offer some premium features, it is still a solid option for crypto enthusiasts looking for a straightforward betting experience.
Pros | Cons |
---|---|
Supports BTC, ETH, and USDT for betting | Lack of in-depth betting stats or analytics |
Solid sports market coverage | No dedicated sports betting app |
Mobile-responsive sportsbook |
(T&Cs/wagering requirements apply)
El Royale
El Royale offers crypto sports betting with Bitcoin, Ethereum, and other cryptocurrencies, although its sportsbook is relatively limited in comparison to larger sites. It covers football, basketball, baseball, and tennis, and crypto bettors benefit from fast deposits and withdrawals.
Though it lacks live betting and streaming, El Royale’s crypto promotions are worth mentioning, as they often provide better value for players who prefer using digital currencies. The platform’s focus is more on casino games, so sports betting doesn’t feel as prominent.
For casual bettors who want quick access to crypto deposits and prefer a smaller sportsbook, El Royale is a convenient option. However, serious sports bettors might find it lacking in depth and variety.
Pros | Cons |
---|---|
BTC, ETH, and crypto support | Limited sports markets |
Quick and easy crypto transactions | No live betting or streaming |
Solid sportsbook for major sports |
(T&Cs/wagering requirements apply)
Red Dog Casino
Red Dog Casino is a newcomer to crypto sports betting, with Bitcoin, Ethereum, and USDT available for deposits and withdrawals. While the sportsbook is fairly basic, it does offer odds on popular sports like football, basketball, and tennis, and its crypto banking features are solid, allowing for fast transactions.
Red Dog Casino is a newcomer to crypto sports betting, with Bitcoin, Ethereum, and USDT available for deposits and withdrawals. While the sportsbook is fairly basic, it does offer odds on popular sports like football, basketball, and tennis, and its crypto banking features are solid, allowing for fast transactions.
Pros | Cons |
---|---|
Supports BTC, ETH, and USDT for sports betting | Limited sports coverage |
Fast crypto withdrawals | No live betting or streaming |
Crypto-specific promotions |
What Is Crypto Sports Betting?
Crypto sports betting is a form of sports wagering where players use cryptocurrency such as Bitcoin, Ethereum, or USDT instead of traditional fiat currencies. The sportsbooks that offer such betting options are usually not regulated in any state in the United States, but rather operate in overseas jurisdictions.
They tend to offer competitive odds because of the lower overhead, and the fact that they have access to a better overall taxation regime means that they can consistently offer good and value-added betting opportunities. Another area where crypto sportsbooks stand out is when it comes to the speed of transactions, which are generally quicker and easier.
Although crypto sports betting is straightforward, you still need to have a minimum degree of understanding of how cryptocurrencies work and how sportsbooks offering these payment options are set up.
How Does Crypto Sports Betting Work?
Crypto sports betting functions similarly to traditional platforms like DraftKings or FanDuel. Just like conventional sportsbooks, crypto betting sites feature oddsmakers who set the lines and offer thousands of betting markets across popular sports and events.
The primary distinction lies in the currency used. Instead of wagering with US dollars, you fund your account using cryptocurrency, most commonly Bitcoin, Ethereum, or USDT, because of these currencies’ popularity and overall stability.
This fundamental change brings several advantages, including faster transactions, lower fees, and often more competitive odds due to reduced operational overhead, as well as access to a wider choice of oddsmakers in the first place.
When placing a bet, some crypto sportsbooks let you wager directly in digital currency, while others may display your balance in USD or another fiat equivalent for convenience. In the latter case, conversion to crypto typically happens only when depositing or cashing out.
Many sportsbooks will allow you to deposit directly in your preferred cryptocurrency, which will facilitate deposits and cashouts and make it easy for you to collect any winnings and focus on the betting action itself.
How Do I Set Up My First Crypto Betting Account?
Getting started with crypto sports betting is easier than you think. The first thing to do is to pick a recommended website that you can trust. Just follow CoinTrust’s step-by-step guide to get started with the exciting world of crypto sports betting in no time.
- Pick a trusted crypto sportsbook: The first thing to do is to look up a crypto sportsbook that you think you can trust. This is easier when you choose from CoinTrust’s list of pre-approved sportsbooks that we have examined in detail to bring you the best possible experience.
- Set a crypto wallet: The next step is to set up your crypto wallet. Just go with a trusted wallet. There are two types – hot and cold, where you store your crypto online and offline, respectively. For small amounts, you can go with great hot wallets such as MetaMask and Trust Wallet, but if you are a professional handicapper, you may want to look into cold storage options such as Trezor Model T.
- Deposit by choosing crypto as your preferred option: Once you are all set up with your choice of website and the wallet you are going to use, all that remains to be done is for you to head to the cashier section and deposit with your preferred crypto method. Enter the wallet ID of your crypto wallet, and you will be prompted to confirm the sum you wish to deposit into your account.
- Check for exclusive crypto bonuses: Before you start betting, depending on what your goals are, you may also check out the available bonuses. Oftentimes, crypto sports betting bonuses are much more generous than their traditional counterparts, offering plenty of wiggle room when you are only starting to play and a lot of fresh funds to plow into your favorite sports events!
Advantages of Crypto Sports Betting
- Great Odds: Because crypto sportsbooks generally have fewer taxes to worry about, they will offer better general odds. This means that you can get far better odds for certain games and matches if you shop around crypto sportsbooks as opposed to traditional fiat platforms.
- Fast Transactions: While payments may often get bogged down, crypto makes them run even faster. Bitcoin, Ethereum, USDT, and other crypto tokens will be transacted in a matter of seconds, and they usually have much lower fees (if any at all) compared to traditional payment and banking methods.
- Better Privacy: Overall, crypto sportsbooks achieve a better level of privacy, which is what some players prefer. However, it’s a common misunderstanding that by betting in crypto, you will remain completely anonymous – you still need to comply with AML and KYC procedures that the best sportsbooks (crypto or otherwise) would expect.
- More Generous Bonuses: Crypto sportsbooks have an established track record for providing you with the very best bonuses – they are sizeable, usually very easy to clear, and definitely make for a worthwhile way to start your sports betting experience.
Types of Crypto Betting Sites
When we talk about types of crypto betting sites, we mean the type of cryptocurrency that is predominantly used or the website has been designed with in mind. To be perfectly frank, these days, all crypto sportsbooks offer a mix of supported currencies. We will cover them now.
Bitcoin
Bitcoin is the obvious choice when placing a crypto sports bet. The currency is well-established, and it offers a lot in the way of security, depend ability, and accessibility. This is why the bulk of crypto sports betting is actually facilitated by Bitcoin.
Ethereum
With its smart contracts, Ethereum is able to achieve not only price stability but also lower any transactional fees that may be charged to players. Ethereum is generally worth less than Bitcoin, but it’s still one of the most stable cryptocurrencies out there, and it has a steady following among crypto sports bettors.
Tether
USD Tether is a unique cryptocurrency called “a stablecoin.” The currency is the only one that has a specific value, tied to the value of the US dollar, it means that one unit of USDT is worth one unit of US dollar. The kicker is that Tether still uses all the advantages, such as speed, privacy, and lower fees, enjoyed by other cryptocurrencies, and has become an increasingly popular method with crypto sports betting enthusiasts.
There are, of course, other cryptocurrencies that are popular at sports betting sites, and those may include Monero or even Dogecoin. You are free to use any supported currency, even the $TRUMP or $MELANIE tokens if you choose to, but it’s generally advisable to stick with the best-established cryptocurrencies in the sector.
Tips for Getting Started with Crypto Sports Betting
So, how do you actually get started with crypto sports betting? As we have mentioned earlier, it pays off to pick a trusted website. Let’s start there.
- Pick a site you can trust: The first thing is to go to a website that you can trust. There are many dependable crypto betting sportsbooks these days, whether this is Bovada, BetOnline, or some other reputable bookmaker.
- Think about what cryptocurrency you want to play with: Many players will instinctively go for Bitcoin, but you may also be tempted to explore USDT, which is a stablecoin – one Tether is worth one US dollar, which is very handy.
- Learn to shop around for odds: Getting involved with the world of crypto sports betting may seem daunting at first, but remember to bring the best lessons from traditional sports betting with you – compare odds and bet on the best selections available to you at any given time across platforms.
- Beware of attacks against your crypto funds: It’s important to be very selective about how you use your crypto wallet. Make sure that you do not keep too much money in “hot storage” and always be wary of attacks against the sportsbooks – sometimes hackers may try to hijack the domain, however briefly, and dupe you into depositing money! This sounds a little much to get used to, but good internet habits are built over time.
- Bet on the sports you enjoy only: Much like with general betting, crypto sports betting follows the same logic – to have the biggest impact on your game, you ought to stick to those sports selections that you cherish and understand.
Is Crypto Sports Betting Even Legal?
Yes, in general, there is no law that explicitly prohibits crypto sports betting for players. While it may be difficult to justify hosting a crypto sportsbook yourself, and particularly in the United States, the fact is that most of these websites operate offshore and are, in fact, licensed there.
Many of the best crypto sports betting sites have been around for more than two decades now, giving them a proven track record of responsibility and trust. So far as their legal status is concerned, crypto sportsbooks are universally available across jurisdictional boundaries.
The only instance when a crypto website is pulling out is when an existing local regulator orders it to. Does this affect you as a player? Well, not really, because you can play legally on any website and sportsbook you choose.
Wrapping Up: Immerse Yourself in the World of Crypto Sports Betting
Crypto sports betting provides sports fans with plenty of maneuverability and opportunities they can explore on their own. The fact that you can access competitive betting markets, and at arguably better odds than traditional oddsmakers, is enticing.
Although there is a technical threshold that you need to cross in order to make full good use of crypto sports betting, billions of dollars are being wagered this way every year, indicating that adoption has soared and that onboarding is easy enough for mass adoption.
All told, picking the right crypto sportsbook can really help up your sports betting game in general, bringing you value that you did not know existed before.
FAQs
What Is Crypto Sports Betting?
Crypto sports betting is a form of sports wagering where the stakes you use are denominated in a popular cryptocurrency, such as Bitcoin, Ethereum, USDT, or something else. The core principles of the activity are the same – the bookmaker sets the odds; you place a bet.
Is Crypto Sports Betting Safe?
Yes, crypto sports betting is generally safe, but you also need to make sure that you are playing with trusted websites to begin with. Make sure to stop by CoinTrust’s list of recommended websites to always choose a trustworthy bookmaker.
Are the Odds Fair Like Crypto Bookmakers?
Not only are odds fair, but they also tend to be slightly better. Crypto sportsbooks often face lower taxes, which allows them to plow a lot back into making their offers more attractive.
Can I Get a Sports Bonus if I Bet on Crypto?
Yes, absolutely. Crypto sports betting bonuses are even better and bigger than traditional bonuses and they provide you with a lot of value.
Do I Have To Pay Tax on Crypto Winnings?
Yes, much like regular sports betting winnings, you will need to pay tax on winnings generated through crypto sports betting. To find out more, you should best check with your local tax law.