Introduction – Crypto Sports Betting
We understand that some people may be wary of the whole crypto world. And rightly so. Anything new can be daunting, to begin with.
In short, cryptocurrency’s underlying technology is complex, but the concept of online crypto sports betting is deceptively straightforward.
To get your handle on it, you need a firm grasp on what cryptocurrencies are and how they work.
As the name implies, cryptocurrency is a form of digital currency that is encrypted for security purposes. They are free from the control of any government since they do not use a centralized regulating authority.
It gives them the reputation of being secure, anonymous, and perfect for those wanting to keep their sports betting private.
Legal Stance & Crypto Options
One ongoing discussion around crypto sports betting is whether cryptocurrency is legal. Since the traditional governing financial authorities are not involved, this matter becomes more important.
Much like sports betting in general, the use of cryptocurrencies widely depends on both the specific digital coin in question and the country in which it is being used.
Most people think of Bitcoin when they hear the term “cryptocurrency,” but that’s far from being the only option.
Punters now have access to many high-level and respected crypto options, from Bitcoin and Tether to Ethereum and Litecoin.
We will highlight all the top cryptocurrencies shortly, but first, let’s bring you our top-rated crypto sports betting sites selected by B3tcoin.
Best Online Crypto Sports Betting Brands – Verified & Approved
It’s not hard to find cryptocurrency betting sites, and there are already hundreds of brands to pick and choose from. All this makes the crypto sportsbook market increasingly competitive.
The leading online crypto sports betting brands are responding to the intense competition by supplying an impressive range of bonuses, promotions, and VIP perks.
This helps to attract and maintain members. It’s not unusual to find the bonuses and promotions at crypto sites to dominate traditional online casinos in terms of variety and depth in offers.
See below for our top crypto sports betting options. All reviewed, approved, and ready for you:
Best-Ranked Cryptos for Sports Betting
Uncovering the best-ranked cryptos for your sports betting is not something you should take lightly.
Fortunately, you don’t need to spend days digging through the internet trying to understand which crypto is better than the next.
Our team has put together in-depth guides to the best cryptos being used for betting on sports – a snapshot of those can be found below:
- Bitcoin Sports Betting – Among all cryptocurrencies, this one is by far the most well-known and widely used. In the crypto sports betting market, like in most others, it is the coin you will most frequently encounter. Despite the growing popularity of Ethereum and Litecoin over the past several years, Bitcoin is still the one that people look to first.
- Ethereum Sports Betting – It is second only to Bitcoin in terms of popularity and is frequently encountered by anyone interested in crypto sports betting. Launched in 2015, six years after Bitcoin, Ethereum has also grabbed the world by force. This is in no small part because of its improvements and integration of the trade of NFTs.
- Litecoin Sports Betting – A big community has adopted Litecoin (LTC) since its 2011 release as an open-source crypto. This virtual currency was developed by Google employee Charlie Lee and is modeled on the Bitcoin Core system. Programmers changed the code to fix Bitcoin’s processing speed problems while keeping many of its benefits.
- Dash – The cryptocurrency Dash was initially introduced under the names Darkcoin and XCoin. Launched in 2014, it has many characteristics with Bitcoin and Ethereum, two of the most widely used cryptocurrencies. Dash is similar to Bitcoin, yet it has unique characteristics, such as the popular InstantSend and PrivateSend features.
- Dogecoin – It’s the internet meme coin, and its prevalence is proving that its popularity is no laughing matter. This popular crypto-betting option is one that is both inexpensive and approachable. All jokes aside, Dogecoin is a great digital coin for sports betting on crypto sites and one you should consider.
- Tether – Tether was created with the goal of being a stablecoin with a value that is pegged to the US dollar at all times. Since volatility is typically a danger for cryptocurrencies, this makes it an appealing alternative for crypto sports betting. It acts as a useful method of minimizing your loss exposure when making your first crypto bets.
- Bitcoin Cash – In 2017, a fork from Bitcoin was developed due to differences in opinion about the coin’s future. The need to expand Bitcoin’s capacity and raise the limit on individual blocks was a driving factor, boosting circulation and speeding up transactions. Despite being written by the original author, its popularity has soared.
- Monero – Monero is a digital coin that was launched in 2014. This is a key measure of stability, which is one of the primary reasons bookies now accept this from players. The coin is managed by a community that places a premium on anonymity. One key feature is that its value isn’t based on trade history, staying anonymous and untraceable.
Core Benefits of Betting with Crypto
Betting with cryptocurrencies will bring you many benefits. It’s one of those situations where you start to unravel even more as you start to bet and move your crypto around.
We bring you the core benefits every bettor can enjoy once they open their new crypto account. But as we said, there is much more available to you, and there should be more to come once everything starts progressing in terms of its global legal status.
Keep Your Anonymity
Due to the decentralized nature of cryptocurrencies, users of online crypto sports betting platforms can enjoy complete anonymity if they want.
Keeping your financial dealings confidential and away from your bank and other financial institutions helps you keep your independence. Simply put, it allows you to spend your own money any way you see fit.
Access to Bigger Odds
It’s common for crypto sports betting sites to have substantially cheaper operating costs than their fiat-focused counterparts.
There is less bureaucracy involved with crypto payments since they are processed independently of the traditional banking system.
In turn, there are fewer costs when running the site, so the top crypto betting sites can offer more favorable odds.
Quick & Efficient Payments
Withdrawal times at crypto betting sites are second to none. The crypto betting sites will often handle the withdrawal to your specified wallet address automatically after the request.
As a result, you don’t have to wait around while the provider processes the withdrawal manually. Remember, withdrawals from a typical fiat betting site can take as long as seven business days to complete.
Access in Restricted Countries
Crypto betting sites clearly have many benefits for gamblers, from privacy and better odds to lightning-quick payments. But one other key feature is based on access in restricted countries.
It is a well-known fact that some countries are yet to legalize online sports betting. The use of cryptocurrencies is one way for those people to access trusted crypto betting sites.
Crypto Betting on Sports, Esports & Virtual Sports
Let’s clear one point up when betting with cryptocurrencies. You don’t lose out on any betting opportunities or bonuses. It may seem straightforward, but it’s a useful fact to know.
You can still bet on all the major and minor sports leagues, along with all the various betting markets.
In addition to the usual sporting calendar, you can find esports and virtual sports at the bigger crypto betting sites we approve of here at B3tcoin.
- Sports – Bet on all the top sports, from the NFL to the Baseball and the NBA. Major leagues like the English Premier League, minor leagues, cups, and tournaments. Online crypto sports betting platforms deliver all the expected betting markets and competitions across the full sporting calendar.
- Esports – Esports shows no sign of a downturn in terms of wagering and popularity. If anything, it will continue on its meteoric rise with more events and pros coming to the top level. Some of the best crypto betting sites provide all you need in esports.
- Virtual Sports – Virtual sports took the iGaming scene by storm and continue to appeal to punters in between sports betting and casino gaming. It’s often seen as the ideal balance point if you ever want to pass the time between betting on sporting events.
Crypto Management
If you intend to bet on sports with crypto for the long term, we recommend thoroughly understanding the full process first.
You should know how to manage crypto, from purchasing your preferred cryptocurrency to storage and movement via crypto wallets.
B3tcoin is here to walk you through each stage. We have useful guides on how to buy bitcoin and help you choose the right Crypto sportsbook for you and your cryptocurrency.
Crypto Wallets
Similar to a wallet or purse for cash, a bitcoin wallet stores your digital currency. Which wallet you go for will determine how discreet your finances can be.
Private keys typically accompany wallets. Having one of these keys means you, or anybody else in possession of it can spend your bitcoins.
That’s why it’s so important to keep your wallet’s private keys safe while considering the safety of your money. Here are the five most popular types of crypto wallets:
- Mobile – stored and managed on your mobile device.
- Desktop – stored and managed on your PC or laptop.
- Hardware – a device that attaches to your computer.
- Cloud-based – a simple browser-based wallet.
We talk about the best crypto wallet options in greater detail via our in-depth guide. For now, here is a little taster on what we believe to be the top-rated wallets for crypto sports betting:
- #1 Choice: Blockstream
- Mobile-First: BRD
- Top Privacy: Electrum
- Beginner-Friendly: BRD
Understanding the Crypto Exchange
Everyone who wants to get in on the action of crypto sports betting must first master the art of buying crypto by themselves.
They can do this through cryptocurrency exchanges. A cryptocurrency exchange is an online marketplace where fiat cash can be traded for digital currency to use on your bets.
The best crypto markets are those that are convenient for the average user, provide a high level of security, and accept a variety of deposit methods.
The dynamics of the cryptocurrency market dictate that each exchange uses its own pricing mechanism and platform.
Top Exchanges for Crypto Sports Betting Sites:
- Coinbase
- Kraken
- Binance
“Several bitcoin exchanges also employ centralized systems and user accounts, which is something to keep in mind.”
Crypto Exchange Basics
The first thing you’ll need to do when getting into the cryptocurrency market is to find an exchange where you can trade your money for digital coins.
To those just starting out, we always highlight the need to choose a safe, user-friendly exchange.
The availability of an integrated wallet is another important feature to look for in an exchange platform.
When purchasing on an exchange without a wallet, the buyer must have a wallet of their own. Brands like PayPal are great when you are first starting out in this area.
Our Quick Guide to Betting with Crypto
We aim to get you betting and enjoying the best crypto betting sites in the shortest time possible. First, we want to give you the confidence to buy, manage, and bet with your preferred cryptocurrency.
Although we have many more tips and strategies to help you along the way, we have outlined the basic process you will go through each time.
- Choose one of our reviewed and approved crypto sports betting brands.
- Decide on which sportsbook-friendly crypto exchange you wish to use.
- Buy your preferred cryptocurrency and send it to your sportsbook account.
- Start betting and enjoy the crypto sports betting experience.
Finding the Best Crypto Betting Sites
To provide an objective review, our team of professionals reviews each crypto betting site in depth. The following list includes the most important characteristics we look for while determining the best crypto betting sites.
- Popular Crypto Payment Options
- All the Top Sports Betting Markets
- Friendly Bonuses & Promotions
- Customer Support
- Licensing & Fairness
Betting Smarter with Crypto
Whether you bet with crypto or fiat currency, you need to bet smart to enjoy sustained profits. What you do with the money counts, which is where B3tcoin can help you.
We go into all this in more detail, but for now, these fundamentals can help you bet smarter.
Finding Value Bets
Take the time to research and explore the betting options available before the event begins. Simple moneyline and 1×2 bets are useful, but you can find much better odds on player/team markets.
Try to find a balance between betting value and realistic situations for improved profits.
Understanding Odds
The odds format depends on the crypto sports betting site, so you may find decimal, American, or fractional odds. Understanding how to read odds helps you to search for and place bets confidently.
The plus point is that you can choose your preferred odds format on most sites.
Popular Sports Bets
Access to popular bets allows you to have a full 360-degree view of the event you are betting on. You want quick and easy betting markets and advanced options that bring alternative betting lines.
Variety helps you find the correct bets and bigger profits in the long run.