Benefits of using Bitcoin for Sports Betting


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Cryptocurrencies surged into the mainstream last year, and are definitely here to stay as a digital investment. Major banks and companies are accepting cryptocurrencies like Bitcoin as a payment method, and this will only continue to grow as the world shifts towards an increasingly digital payment system. Other popular cryptocurrencies like Ethereum, Bitcoin Cash, and Litecoin are also accepted at most sportsbooks, and don’t be surprised if more tokens are added to that list in the near future. 

It was only a couple of years ago when offshore sportsbooks first started offering its customers the ability to bet on sports with Bitcoin. Now, it’s everywhere. You won’t find an online sportsbook that does not accept it, and the benefits for both sides are clear. First, transactions are nearly instant and very easy, so whenever you want to withdraw some funds, you can do so in seconds. Second, there aren't any additional fees with Bitcoin, since you are sending it directly to an anonymous wallet key. Finally, unlike the dollar, Bitcoin has an ever-fluctuating price attached to it. While it’s value can certainly go down, there may be a good chance that your balance and wins will be worth more than they are today in the long-run. Offshore sportsbooks are offering incredible incentives and bonuses if you use Bitcoin as well. Sportsbooks can save on their own fees by eliminating third parties like banks or credit card providers, and so are more incentivized to get their players to sign up for a Bitcoin account. You’ll find that a lot of the bonuses are extremely generous, sometimes even doubling the amount of bonus offers compared to when you deposit fiat currencies. 

Top Bitcoin Sportsbooks

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YouWager was previously know as First Fidelity and began accepting online sports bets in 1999. They’re known as a sportsbook who caters to both experienced players and as well as those who are occasional sports bettors.

If you bet with any of the cryptocurrencies available for use you’ll be pleased to know that YouWager accept over 15 different forms of Crypto. Besides Bitcoin, you can use brands such as Litecoin, Bitcoin Gold, Ripple, Dash, Ethereum, ETC, Paxos, Zero, Stellar, Tether, Qtum, RLC, Zcash, and several others. Most players including us play with Bitcoin and I personally have not played with the lessor know ones. If you decide to use any of less used forms of Crypto please make sure you do your research and find out if they’re are a good fit for you.

Bonuses at YouWager are among the best in the industry. If you’re not currently a member with YouWager and decide to register with them, you’ll be privy to some great bonus plans. On your first Crypto deposit of $100 - $300 you’ll receive a 100% free play bonus. Deposits between $301 -$1000 will get you a 110 % bonus and there are several other welcome bonuses based on the amounts you deposited and the rollovers you choose. There’s also re-load bonuses ranging from 10-35% and as mentioned YouWager accepts a wide range of cryptocurrencies, so no matter which crypto you invest in, chances are YouWager will honor it on its website.

Limits for deposits using Crypto are a $20 minimum and $2,000 maximum. Any payouts requests made Monday through Saturday will be processed by the end of that business day. When using Crypto YouWager does not charge a fee. The minimum payout you can request is $50 and the maximum amount is $10,000. If your depositing with fiat currencies there are also some nice bonus options. To learn more you can Visit YouWager and check them out, or our review is a good read.

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If longevity counts, then Betonline is at the top of the class; being launched in the mid 1990’s says a lot for this top-rated online sportsbook. Betonline has some great bonus plans for both fiat and crypto currencies, but since this is about Crypto we’ll concentrate on that. BetOnline is a popular offshore sportsbook and casino that allows users to deposit to their accounts a large number of different cryptocurrencies. The site accepts Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Chain-link, Dogecoin, Ripple, Stellar Lumens, Tether, and of course fiat currencies. 

Crypto is the fastest of all other methods of depositing funds into your account and getting your payments is equally as fast. When you make your first Bitcoin deposit at BetOnline with Promo Code Crypto100, you will receive a 100% bonus up to $1000, as well as a 35% reload deposit bonus each time you add more Bitcoin to your funds. When betting with Bitcoin, you also receive a 5% bitcoin boost every time you deposit more Bitcoin to your account.

F.Y.I. on the 5% Bitcoin boost Betonline does state in their terms that the boost is for a limited time, so we can only say at the time of this writing that it is in effect. If you’d like to see their other bonus and promotion plans and learn more about Betonline you can read our review, or visit Betonline for more information. 

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MyBookie is without a doubt one of the best offshore sportsbooks which accepts cryptocurrencies. Using Bitcoin, Bitcoin Cash, Litecoin, and Ripple are the fastest and easiest ways to deposit funds into your account and just as easy when you request a payout. MyBookie has 100% acceptance rate on Crypto deposits and limits as high as $10,000; payouts are processed within 24 hours.

If your new to MyBookie you’ll receive a 100% welcome bonus when you sign up and make your first Bitcoin deposit. MyBookie also has a Crypto Rewards program. You’ll accumulate crypto into your account each time you add funds with a credit card; in fact, with each credit card deposit MyBookie will add 10% of it to your Crypto Rewards balance. Once your first Crypto deposit of $50 or more is accepted your rewards will be released as cash to you and you’ll be able to bet on anything you like.

MyBookie also offers a Crypto Re-Load bonus, which adds 15% of your deposit to your account. MyBookie makes using Crypto not only easy, but profitable and in case you’re wondering, Mybookie also has great bonuses and rewards using fiat. Not matter if it’s cryptocurrencies, or just good ole USD, MyBookie is a great place for Sports betting, Casino games, and Horse betting. For more information you can go to MyBookie directly, or read our review.

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BetUS is an old timer by online standards. BetUS started operating in 1994 on a Dutch Island called Curacao, they are regulated, fully licensed and because they were one of the first offshore accepting sports bets they are they are considered innovators in online sports betting.

We choose BetUS as one of our top 5 sportsbooks for several reasons. They provide very good customer service, now we do say that about all 5 sportsbooks on our website, but believe me, we’ve bet at a lot of offshore sportsbooks and they don’t all have good customer service. Their analysis and odds are always current, betting options are plentiful and BetUS has some pretty good bonus plans for bettors who use both fiat currencies and those of us who like to use cryptocurrencies. BetUS accepts a variety of Crypto including Bitcoin, Litecoin and Ethereum.

Depositing with Bitcoin is one of the fastest ways to make deposits and collects your winnings and there are special bonuses for players using crypto. They start off with a 200% when using any form of Crypto that they accept. When you make your first Crypto deposit with $100 or more you can get a bonus of up to $2,500. Use code JOIN200 and you can collect up to $1,875 as a sports bonus and up to $625 as a casino bonus. They also have several other bonus options in both the sportsbook and casinos for your first Crypto deposit. BetUS also has a re-load, or re-up bonus of 2005 with code FIRST200 and they split it up the same was as with the welcome bonus we just mentioned. There are terms that must be followed as with any bonus and the conditions are displayed prominently, no small print here.

If you would like more information on BetUS please read our review, or visit their website. Betus is really a good place to bet. 

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Betting on sports has never been more secure now that most offshore sportsbooks have the means to accept not only Bitcoin, but most other types of Cryptocurrencies as. Using Crypto is a win, win situation for you and the online sportsbooks; and for one reason, safety.  They know they will register more members because many sports bettors were uncomfortable putting their private financial information online. As a sports bettor you don't have to be concerned about others trying to hack into your bank account, or credit cards. Now, with the dawn of Bitcoin, you won’t have to. It's like we said, it's a win, win situation. Remember there are always terms and conditions that come with bonuses and all online sportsbooks have them. Please be sure to read them.