Some of the world’s most forward-thinking online sportsbooks now offer crypto deposits and withdrawals.
This is great news for bettors that prioritize safety and security. It means you do not need to type your credit card details on a web form and you do not have to deal with intermediaries like Western Union, PayPal, Skrill or Neteller.
Crypto is the safest way to fund your sports betting account, as it is a direct transaction between you and the sportsbook operator. No middlemen get involved in the process, and you only need to provide your wallet address to receive a payout.
Additional Benefits of Crypto Sportsbooks
- Crypto is the quickest withdrawal method at an online sportsbook. The funds should be with you in 15 minutes or less after the payout request is approved. That is a lot quicker than an e-wallet, a wire transfer, an e-check or a check in the mail.
- There is a level of anonymity involved in crypto, which appeals to many bettors. You can use it to send money across borders effortlessly, and you can keep your winnings away from the banking system, which may bring tax advantages.
- Sportsbooks like receiving crypto, because it is cheaper for them. They do not need to pay handling fees, conversion fees and so on. To encourage crypto deposits, they provide larger bonuses for anyone that uses crypto as opposed to a fiat method.
Best Crypto Sportsbooks
The best crypto sports betting sites are BetUS, BetOnline and MyBookie. They provide a broad selection of cryptocurrencies for you to use.
You will also find a great deal of information on those sites about how to purchase crypto and fund your sports betting account.
Cryptocurrencies offered include Bitcoin, Bitcoin Cash, Litecoin, Ether and some smaller altcoins. You funds will be converted to USD immediately, so you do not need to worry about fluctuations in a cryptocurrency’s value.
Crypto Sportsbooks FAQs
What are the benefits of using crypto sportsbooks?
Crypto is the safest deposit and withdrawal method available at an online sportsbook. It is also the quickest way to receive your winnings when cashing out from an online sports betting account online. Sportsbooks prefer receiving crypto than credit card deposits, so they generally provide better bonuses to crypto users as an incentive.
Will my account balance decrease if the cryptocurrency crashes?
You do not need to worry about your account balance decreasing if your chosen cryptocurrency goes down in value at most online sportsbooks. Your deposit will be instantly converted to USD when you make the deposit, and you can then cash out at a later date at whatever the current value of the cryptocurrency is. That is not the case at a pure crypto sportsbook like Nitrogen, where you actually bet in BTC.
Which sportsbooks accept crypto?
Some of the world’s best online sportsbooks accept cryptocurrency deposits, including BetUS, MyBookie and BetOnline. You can use Bitcoin or an altcoin for deposits and withdrawals, making the entire process, smooth, safe, quick and easy. Check out our reviews of those safe betting sites and choose which one most appeals to you.
What cryptocurrencies can I use for online sports betting?
The most commonly accepted cryptocurrencies at online sports betting sites are Bitcoin, Litecoin, Bitcoin Cash and Ether. Additional cryptocurrencies you might find offered include ADA, XRP and stablecoins such as Tether and USDC. The list of cryptocurrencies will be displayed in the cashier section when you make a deposit or a withdrawal.
How much does it cost to use crypto at online sportsbooks?
Online sportsbooks do not charge you for making cryptocurrency deposits and withdrawals. You will need to pay a network fee for sending funds on the blockchain, but the best online sportsbooks will often cover those fees for deposits above a certain amount. It is often cheaper to use crypto than to go for a wire transfer or a paper check by courier.
What are the disadvantages of using crypto at sportsbooks?
You will have to pay a network fee for sending funds on the blockchain, but it will be cheap at certain times, and some sportsbooks cover the fee. It can also be a little slower than a credit card deposit, but it is the fastest withdrawal method, and it is also extremely secure and convenient, while you generally get better bonuses if you use crypto.
What is the best crypto sportsbook?
There are lots of high-quality crypto sportsbooks to choose from, but we rate BetUS, BetOnline and MyBookie as the top three. They all offer quick, secure deposits and withdrawals, and you will find competitive odds on many different sports. They have online casinos and racebooks too, and you can conduct all your banking via crypto.
Does BetUS accept Bitcoin deposits?
Bitcoin is one of the most popular deposit options at BetUS, and it can also be used for very quick, safe withdrawals from America’s favorite sportsbook. If you use crypto for your first deposit, you will receive a crypto sports bonus worth up to $2,500, along with a large casino bonus. You can also choose from a few altcoins if you do not want to use Bitcoin, and it accepts more traditional deposit methods too.
Can I use crypto for deposits at MyBookie?
MyBookie is one of the best crypto sports betting sites on the market. It accepts Bitcoin and several other cryptocurrencies for deposits and withdrawals, which makes banking with MyBookie very secure. Check out our MyBookie review to learn more about deposits and withdrawals, safety features, the quality of the lines and the odds, and general information about the company.
Can I make a crypto deposit at BetOnline?
Crypto is one of the most popular deposit options at BetOnline, as it is quick and secure, and it provides better bonuses. It is also available as a withdrawal method, and it is the quickest way to get paid out after you secure a winner at BetOnline. You will find detailed instructions about how to set up a crypto wallet, how to buy crypto, how to send crypto to your sports betting account and how to make a crypto withdrawal.
How do you bet with crypto on NFL?
You need to sign up with a reputable sports betting site that accepts crypto, such as BetOnline, MyBookie or BetUS. You can then set up a crypto wallet, buy crypto – Bitcoin, Litecoin, Bitcoin Cash and Ether tend to be the most commonly used cryptocurrencies for sports betting – and send it to the sportsbook, where it will automatically be converted to USD. Visit the football section, place your bets, and the winnings will be paid is USD in your account balance, but you can withdraw using BTC, LTC, BCH, ETH or another cryptocurrency.
