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As online betting continues to evolve, punters seek new and inventive ways to enjoy wagering. One of the biggest current trends is crypto sports betting. Not only do these sites offer maximum security, but they also feature above-average bonuses in terms of the reward that you’re receiving. 

Finding crypto bookmakers with these types of bonuses can take a lot of time though. That’s where our expert team steps into play. We managed to do thorough research and found the best bookmakers where you can claim crypto casino bonuses and take advantage of all the perks. Claim your bonus and start your crypto-gambling adventure!  

Are Crypto Sports Betting Sites Legal?

Before you even think of registering at a blockchain sportsbook online and claiming rewarding bonuses, you might be asking if these sites are legal. The answer will depend a lot on your country and the type of license a sportsbook has. 

You can bet with cryptocurrency on a blockchain sportsbook, as long as the sports betting site has a valid license for the country you are located in.

For example, if a certain blockchain sports betting site has a license from Curacao and wants to operate in the UK, it must also obtain a license from the UK Gambling Commission. 

These laws represent the so-called country restrictions. That’s why you can come across betting sites that own multiple licenses to cover more areas. Some of our featured bookmakers have this setup. This just adds extra legitimacy to the operator, as it meets the standards in multiple countries. 

Speaking of restrictions, it’s worth noting that every BTC sportsbook has a minimum age restriction. Depending on the laws in the jurisdiction, the age requirement can be 18 or 21. 

How Does Crypto Sports Betting Work?

Time to see how the process of crypto wagering actually works. As the name itself suggests, players use cryptocurrencies to bet, instead of fiat methods like credit and debit cards, e-wallets, or prepaid vouchers. A few of the most accepted currencies of this type are: 

• Bitcoin
• Ethereum 
• Litecoin
• Tether
• Dogecoin
• TRON
• Cardano 
• Bitcoin Cash 

If you want to wager at the best crypto sportsbooks, you need to complete a few steps. They are as simple as ABCs:

1. Check out our featured crypto sportsbooks and compare their features 
2. Choose a betting site that meets your preferences and register an account 
3. Choose a cryptocurrency and make a deposit 
4. Place your bet 

To deposit with your preferred cryptocurrency, you’ll have to connect your wallet to the sportsbook. All crypto sports betting sites will give you an address or a QR code. You can either type the address manually or just scan the code to transfer the crypto. 

Keep in mind that every blockchain sportsbook has a minimum deposit amount. When you’re transferring funds, you can’t deposit an amount lower than the one specified in the banking policies. 

That’s it. Once you make your deposit, you can place both pre-game and live bets.

Types of Crypto Bookmakers

Thanks to the fact that crypto betting is expanding, there are now several types of bookmakers offering cryptocurrencies. Their goal is to ensure that all of your preferences are met and your expectations are exceeded. 

Full Crypto Betting Sites

First up, there are the standard online crypto sports betting sites. They operate on a simple principle – you register an account, deposit via crypto, and place pre-game and/or live bets. Several bonuses are up for grabs. As for the available sports that you can wager on, some of them are: 

• Football
• Basketball
• Combat sports 
• Tennis 
• Handball
• eSports 
• Cricket 

Native Crypto Betting Sites

These are websites that have native tokens and use them as the main currency when it comes to bonuses and payouts. 

Hybrid Betting Sites

Hybrid betting sites allow both Bitcoin sports betting and FIAT betting. They come in two shapes. First, they can accept both cryptocurrencies and fiat methods. Thanks to that, you’ll have multiple options for depositing and withdrawing money. 

Secondly, the cryptocurrency sports betting site may not accept fiat methods but will allow you to purchase crypto via the platform itself. In this scenario, you’ll likely be able to use credit or debit cards only. You purchase crypto via the blockchain sportsbook and then, use the assets to bet on sports. 

Live Crypto Betting Sites

Just as the term itself suggests, these platforms allow you to bet on live events. The event can be anything from football and basketball to cricket and eSports tournaments. Each second can have an impact on the outcome and you’ll need to be fully involved in the action.

Crypto Betting and Gambling Sites

Hybrid gambling sites don’t only refer to platforms that accept fiat and crypto. Sometimes the term refers to websites where you can bet with crypto, but not just on sports. Casino games are also in the mix. You don’t need a separate account. One account covers both the sports betting and the crypto casino sections. Special bonuses are also in play here. 

Crypto Betting Exchanges

Lastly, we have crypto betting exchanges. These platforms feature a unique concept. Yes, you bet on sports with cryptocurrencies, but you’re not up against the sportsbook itself. Instead, you wager against other players on the same event. The one whose bet selection is a winning one takes the prize. 

Types of Crypto Sportsbook Bonuses

Betting on cryptocurrency websites comes with a few perks. One of them is the fact that you can claim several types of bonuses and promotions. They can make your betting experience much better and enhance entertainment to the maximum. 

There are two main types of bonuses up for grabs at the best crypto betting sites: deposit bonuses and no deposit bonuses. Deposit bonuses come in the form of welcome packages and match bonuses. No deposit bonuses can be free bets, cashback/rakeback, or bonus funds. 

Welcome Bonus

The welcome bonus is the first promo you’ll come across at your chosen BTC sportsbook. To claim it, you must make your first deposit. Unlike the rest of the bonuses, signup offers aren’t regular promos. They are available to new players only and you can’t claim them more than once. 

Usually, crypto betting sites will match your first deposit and give you extra funds to bet with. In some cases, they might even throw a free bet in the mix. 

There’s no denying the fact that this is the most rewarding bonus at a blockchain sportsbook. However, it’s good to remember these bonuses also have several terms and conditions. These include: 

• Minimum deposit 
• Wagering requirements 
• Minimum odds 
• Sports and bet types eligible
• Maximum bet 
• Maximum bonus 
• Validity period 

Match/Reload Bonus

Next, we have match and reload bonuses. The difference between the two is that the first one will reward you on your first deposit of the day. Reload bonuses are available for your further deposits. Just as the name itself suggests, the crypto sportsbook will give you bonus funds once you make the required deposit. 

Unlike signup offers, these two bonuses are regular promotions. Usually, you can claim them weekly. 

Free Bets 

Free bets are arguably the most loved sports betting bonus. A free bet is usually a no deposit promotion. In some cases, you simply need to open a crypto sports betting account to receive a free bet. In other cases, you can get the free bet as a reward for leveling up in their loyalty program. 

The best part about a free bet is that you’re not using your own money to form a bet slip. However, you’re in play for a real money reward. The standard terms and conditions here include: 

• Eligible sports betting categories
• Maximum bet 
• Maximum win 
• Minimum odds 
• Validity period 

Cashback

A cashback bonus redeems some of your lost or wagered amount on sports betting over a certain period. Cashback offers can be offered daily, weekly, or monthly. The percentage you receive back depends on two things – the policies of the crypto bookmakers and your status in the loyalty program. 

Bonus Cash

Bonus Cash is often mixed with welcome offers. Why? Punters who register at crypto sports betting sites receive it right after they create an account or after they make their first deposit. 

Loyalty Programs and Bonuses 

Loyalty programs are a mix of deposit and no deposit bonuses. Here’s how they work. Every loyalty program has a certain number of levels. To reach the new level, you need to collect complimentary points. To do so, you must wager real money. Each crypto sports betting platform has a certain exchange rate. In most cases, it’s 100:1. 

That means that for every $100 that you wager, you receive 1 point. Some of the benefits that crypto sports betting loyalty programs offer are: 

• Better cashback percentages 
• Higher withdrawal limits 
• Bonus money on levelling up 
• Free bets 
• Faster withdrawals 
• Access to VIP tournaments 
• VIP support 
• Account managers 

Bonus Terms and Conditions

Every bonus at every blockchain sportsbook has its own terms and conditions. They’re important because they set the rules of play. If you want to claim a certain promo, use it and withdraw its winnings, you must meet all T&Cs. The list below features the most common terms that you will come across when claiming a certain reward:

Minimum deposit – Applies to deposit bonuses. The minimum amount that you need to deposit to be eligible for the promotion.

Maximum bonus – The maximum bonus amount that you can receive. If you cross that threshold, the crypto sports betting site will only transfer the max specified amount.

Minimum odds – The minimum odds of your bet selection while using the bonus.

Types of bets – Type of bet applied to the bonus. It can be single, combo, multi-bets, etc. 

Wagering requirements – Amount that you need to bet at the blockchain sportsbook before you can cash out bonus winnings. You calculate it by multiplying the requirements with the bonus you received. For example, if a bonus has a wagering requirement of 35x and you received 100$, you will need to wager 35×100$ = 3500$.

Wagering contribution – Not to be mixed with wagering requirements. This represents the exchange rate for loyalty points. In some cases, $1 real money bets can have a 100% contribution. In other cases, every $1 real money bet may have a 50% contribution. If that’s the case, you’ll need to stake $200 to reach the threshold of 100:1 exchange. Contribution may depend on the sports betting category.  

Validity period – Timeframe in which you need to meet all bonus T&Cs, including wagering requirements. 

Eligible sports – Available sports on which you can bet with the bonus (ex. Only football, only eSports, etc.) The restriction may even apply to a certain competition like the Euros or the World Cup. 

Eligible payment methods – Apply to deposit bonuses only. Available payment methods that you can use to claim the bonus. Certain blockchain sportsbook sites may restrict the likes of Neteller and Skrill. 

Country restrictions – The blockchain sportsbook may offer a bonus to residents of a certain country. That doesn’t mean that punters from other countries are eligible to claim it. 

How to Choose a Blockchain Sportsbook

Choosing the right blockchain sportsbook can make a huge difference for you. The best betting site can provide you with more generous bonuses, better odds, and faster withdrawals. If you want to manually check whether a certain platform is secure and a good fit, here’s what you should pay attention to:

Read Reviews

First and foremost, read reviews about the crypto sports betting sites you’re checking out. This includes both expert and player reviews. We offer transparent and honest expert reviews where we’ll give you all the information about the operator. Player reviews will tell you what’s the general experience of other bettors at the blockchain sportsbook. Both are important as they’ll let you know how well the sportsbook treats its clients. 

Check the License and Security

There’s no point in registering at a blockchain sportsbook if the site own a valid license. To check this accreditation, you just need to go to the bottom of the home page. Bookmakers are required to display their licenses at the bottom. Double-check the license at the authority’s website to make sure it is valid. Then, see if the SSL certificate is valid and whether the site implements responsible gambling policies. If it does, you can move to the next step. 

eSports Betting Options

If you want to bet on eSports, make sure to look specifically for sportsbooks offering this option. You might come across crypto eSports betting sites with dedicated promos and products tailored to your preference.

Available Betting Markets

The math with crypto sports betting is very simple. The more betting markets are available, the better. And we’re not just talking about the sports on which you can place a bet. We’re also talking about the available bet types and the option of placing both pre-game and live bets. You should have as many options as possible. After all, the preferences of every punter are different. The job of the blockchain sportsbook is to meet the requirements of all bettors. 

Bonuses and Promotions

There are two features you should check when looking at the bonuses and promotions. First, the bonuses must be rewarding, ongoing, and applicable to your favourite sports. Secondly, their terms and conditions must be achievable. There’s no point in claiming a bonus that you won’t be able to use to the fullest. For example, if the wagering requirements are crazy high, you’ll have a hard time withdrawing bonus winnings. 

Available Cryptocurrencies and Related Policies 

Crypto sports betting sites should have as many cryptocurrencies as possible. When checking their banking policies, pay attention to the processing period and the potential fees. Since cryptocurrencies are optimized for online use, both deposits and withdrawals should be instant. For FIAT payments, a 24-hour timeframe is also acceptable. 

Customer Support

Creating a loyal customer base is only possible if the blockchain sportsbook has an effective support team. Apart from being responsive, support should have multiple contact channels. We’d argue that live chat is the most important channel, followed by email, phone, and social media. A FAQ section is a must too, as this is where you’ll find answers to many of the most commonly asked questions about the sportsbook. 

Mobile Compatibility 

Finally, crypto sports betting sites must be optimized for mobile use. That way, you’ll enjoy better accessibility when placing bets. You can wager on events from the comfort of your home or on the go. Having apps is a much better solution, but HTML5-powered websites will also do the trick. 

Best Coins for Online Crypto Sports Betting

These days, there are over 2,000 cryptocurrencies on a global scale. Although the general idea is for a blockchain sportsbook to have as many crypto options as possible, it’s impossible to feature them all. Moreover, some assets are far more popular than others. A few of the top-used currencies are: 

• Bitcoin (the most popular cryptocurrency in the world) 
• Tether (a stablecoin whose value sits around $1) 
• Litecoin (allows lightning-fast withdrawals) 
• Bitcoin Cash (spin-off from Bitcoin that shares similar features) 
• Dogecoin (uses similar technology as Litecoin) 
• Binance Coin (extremely low transaction fees) 
• USDC (next-level security and efficiency)
• Monero (known for its focus on anonymity)

Choosing the Right Cryptocurrency for Sports Betting

As you can see, you’ll have plenty of methods to choose from to participate in crypto sports betting. If you’re just starting with betting and are looking for a cryptocurrency, what are some of the parameters that’ll help you choose the right one? Here’s what you should consider. 

1. Volatile currencies vs stablecoins – A volatile cryptocurrency means that the value of the currency changes each day. Bitcoin is a prime example of that. On the flip hand, a stablecoin has a fixed value. Tether is the most popular stablecoin and its value is always close to $1. 

2. Fees – Cryptocurrencies may feature fees, depending on the exchange that you’re using. Research which exchanges and which currencies have the smallest fees.

3. Trading volume – If a cryptocurrency has a high trading volume, it means it’s commonly used. The more popular it is, the more crypto sports betting sites will accept it. Hence, you’ll have more flexibility with both deposits and withdrawals.

4. Security measures – Check what types of wallets you can use at the exchange where you’re trading crypto. Additionally, make sure that security factors such as 2FA are enforced. This way, your funds will always remain safe. 

5. Read the white paper – the white paper of a cryptocurrency will tell you the goal of the currency itself. The more detailed the white paper is, the more trustworthy it becomes. Not having a white paper is a strong signal of a fraudulent currency.

6. Anonymity – Crypto sports betting sites can offer a better level of anonymity. There are more and more sportsbooks and no KYC casinos available in this new crypto gambling era.

Bitcoin Sports Betting Pros & Cons

Every payment method is subject to advantages and disadvantages. There’s no such thing as perfection. Crypto sports betting is no exception to this rule. You’ll face a few pros and cons when using them. The good news, as you’re about to see, is that the pros outweigh the cons by a huge margin. 

Pros

• Lightning-fast transactions
• Next-level online security 
• Multiple currencies up for grabs 
• Eligible for bonuses and promotions 
• Easy to use via mobile devices 

Cons

• Volatility can cause price fluctuations 
• Connecting crypto wallets may be complicated for beginners 

Crypto Bonus Offers FAQ

Q. Why should I choose cryptocurrencies over FIAT to deposit and withdraw?

A. Cryptocurrencies are far more efficient for both types of transactions, especially withdrawals. Cashouts with cards come with a processing period of up to 5 business days. Crypto cashouts are usually instant. These assets offer much greater security, as well. 

Q. Do crypto sports betting sites offer anonymity? 

A. When you deposit and withdraw at crypto sports betting sites, you’ll enjoy a certain level of online anonymity. That way, your security is increased to the next level. 

Q. Which crypto sports betting sites are the best?

A. Our team of experts compiled a list of the best online betting sites with cryptocurrencies. You’re more than welcome to browse it and choose one that matches your personal preferences. 

See all our sportsbooks and crypto casino reviews!