- Completely anonymous
- Can be used in countries where online gambling is restricted
- Usually free to deposit with and withdraw too
Betting Sites that take Bitcoin
Many leading offshore sportsbooks have long integrated Bitcoin as a deposit and withdrawal method. Well-known platforms like Bovada.lv, BetOnline and EveryGame actively encourage customers to use Bitcoin, often highlighting its speed and security. To further incentivize crypto use, many offshore sportsbooks frequently offer special promotions for players who deposit with Bitcoin instead of traditional methods such as debit or credit cards.
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Bitcoin is a digital currency, often referred to as a cryptocurrency, introduced in 2008 with its whitepaper and launched in early 2009. It remains the most widely used virtual currency in the world and is accepted by many offshore sportsbooks and casinos globally. Far from its early days, Bitcoin continues to evolve and maintain strong popularity thanks to its speed, security, and ease of use.
One of the major positives to using Bitcoin as a payment method is its pseudonymous nature. Once you’ve created a Bitcoin wallet (required for all Bitcoin transactions), your personal and financial details are not directly tied to your payments, helping to keep them secure and out of reach from third parties.
Another advantage is that many online sports betting sites accept Bitcoin without charging fees for deposits or withdrawals. Far from its early days, Bitcoin has become a well-established payment option, and its adoption in online betting continues to expand into the mid-2020s.
Best Bitcoin Betting Sites
Basically all major offshore betting sites accept Bitcoin. The best Bitcoin betting sites in our opinion are:
BetUS
Founded in 1994, BetUS has had to adapt and keep up to speed with the ever-changing landscape of the online sports betting market. BetUS offers Bitcoin deposits, as well as a range of major card deposits and traditional bank methods, such as bank transfers and various e-payment platforms.
BetOnline
BetOnline is a modern bookmaker and has kept up to speed with the fast-moving cryptocurrency industry, offering a range of great cryptocurrency deposit methods, namely Bitcoin, Bitcoin Cash, and Cardano.
BetNow
Cryptocurrency has become one of the most in-demand payment methods in the online gambling industry. As such, BetNow has positioned itself to ensure bettors get the most access to betting via crypto deposits.
EveryGame
EveryGame may well be an old-school bookmaker, but they’ve kept up to speed with the changing online betting industry. EveryGame allows bettors to deposit and play using various cryptocurrencies.
MyBookie
MyBookie has spent years building a first-rate reputation, which comes off the back of listening to customer demands. Crypto is the most popular deposit method for gambling and MyBookie offers some great crypto payment options, including Bitcoin.
Bovada
Bovada first came online in 1997 and has established itself as one of the premium online sports betting providers to U.S. players. As a part of its continued commitment to its community of players, Bovada offers Bitcoin and a range of other cryptocurrency deposit methods. Bovada is our favorite Bitcoin betting site.
Many Bettors Deposit with Bitcoin
Sports bettors are cashing in with Bitcoin — a worldwide virtual currency and digital payment system making waves globally.
Introduced in 2008 and launched in 2009, Bitcoin was created by an unknown individual or group under the name Satoshi Nakamoto. Bitcoins can be exchanged for other international currencies, products, and services. By the mid-2020s, hundreds of thousands of businesses and vendors worldwide accept Bitcoin as payment, reflecting its growth into a mainstream financial option.
However, sports gamblers around the globe are also tapping into Bitcoin currency as forms of payments, especially on offshore, Internet-based sportsbooks such as Bovada.lv and BetOnline.com.
Here are some advantages sports bettors have when using Bitcoin as a method of payment.
Bitcoin Avoids Third-Party Issues
The Professional and Amateur Sports Protection Act (PASPA), which once restricted sports betting to just a few states, was struck down by the U.S. Supreme Court in 2018. Since then, many states have legalized and regulated sports betting. Even so, a large number of Americans still turn to offshore sportsbooks like Bovada and BetOnline, especially in states where local options remain limited or unavailable.
One challenge with offshore betting is that banks and financial institutions often block deposits tied to gambling transactions due to U.S. banking restrictions. Traditional payments must pass through third-party processors, increasing the chances of delays or declined transactions.
Bitcoin, as a peer-to-peer payment system, allows players to bypass these obstacles by sending funds directly to sportsbooks without relying on banks or intermediaries.
Little to No Fees? Where do I Sign Up?
Everyone hates fees. Whether you’re trading stocks or withdrawing money from a sportsbook account, there always seems to be an extra cost. With Bitcoin’s blockchain system — a public ledger that records all transactions — fees are typically low or even waived entirely by offshore sportsbooks. Instead of losing a cut of your winnings, you usually just cover a small transaction fee that goes toward maintaining the network.
Processing fees are often much lower with Bitcoin compared to traditional payment methods on online sportsbooks. Transaction costs vary depending on network activity, but they are generally minimal and go toward compensating the miners who validate and secure each block added to the blockchain.
Bitcoin Transactions in a Snap
The waiting game is over with the use of Bitcoin. Bettors can now cash out their winnings and receive their funds in just minutes when using bitcoin in the payment process. Traditional bank transfers mean sports bettors may wait days, even weeks before the money is deposited into their accounts. Bitcoin greatly reduces wait times compared to traditional bank transfers. Transactions are confirmed on average every 10 minutes as new blocks are added to the blockchain, and once confirmed, your balance becomes available. In many cases, this means you can receive your funds within minutes instead of waiting days.
Bitcoin Cuts Down Chance of Identity Theft, Fraud
Like any Internet-based business, there is always the chance of dealing with hackers, identity thieves and fraudsters. Bitcoin cuts down that risk exponentially.
Instead of inputting a credit card number, expiry date and security code, Bitcoin users are required to provide their address along with private and public keys. Because Bitcoin is a cryptographic currency system, it makes it more difficult for criminals to hack into accounts and steal personal information. Bitcoin is pseudonymous, which means funds are not tied to real-world entities, rather bitcoin addresses. To heighten security, a new bitcoin address can be granted for each transaction — making Bitcoin by far the safest currency for sports bettors using offshore websites such as Bovada and BetOnline.
Why Players Use Bitcoin as Preferred Payment Method
Once you start using Bitcoin for yourself it quickly becomes apparent why players use Bitcoin as their preferred payment method. We’ve already touched on Bitcoin being anonymous, and this alone is a major factor in online sports bettors using Bitcoin for deposits and withdrawals – you will no longer have gambling sites showing on your bank account transactions.
Another reason for the popularity of Bitcoin is the lack of fees associated with it. If you are a bettor who likes to move your bankroll around several different sports betting sites, the transaction fees can begin to mount up over time. However, so long as you deposit and withdraw the site’s predetermined minimum deposit or withdrawal amount, Bitcoin is usually free to use, leaving you with more money to place wagers with.
Finally, the value of Bitcoin can fluctuate, wildly sometimes, which sometimes works against you, but can often move in your favor when you come to make a withdrawal. Exchange rates tend to be more stable these days, yet it is worth checking a Bitcoin currency converter to see if the currency’s value is moving in one direction or another.
