Bitcoin celebrated its 10th birthday on 2019, but it’s only been in more recent times where it’s really taken off and become a more accessible method of currency. The cryptocurrency is slowly working its way into the mainstream and is starting to make its mark in gaming. We list and analyse the best bitcoin betting sites in this article. Find all you need to know about betting with the cryptocurrency...
Bitcoin Betting Sites - October 2022Below the updated list of betting sites accepting bitcoin as payment method.
You’ll also find that many bookmakers are now offering brilliant offers for making a deposit with Bitcoin.
However, that’s continually developing and more and more sites will begin to accept it over the next year.
Head to our bookmakers page for all our most recommended betting sites, with full reviews and all the deposit and withdrawal methods available to view.
How To Bet With Bitcoin?Online bookmakers are starting to welcome Bitcoin as a method of deposit, but where can you play with Bitcoin and is it worthwhile? Betting with Bitcoin isn’t a difficult process but there are a few more steps than if you were to simply deposit £20 with your debit card.
The first thing you need to do is set-up a Bitcoin wallet. There are a number on the market, but only particular walkers are accepted by bookmakers. Always check which wallets are accepted by your bookie of choice.
These essentially operate as your bank account, allowing you to transfer Bitcoin to and from your betting account.
Once you’ve created your account and added Bitcoin into your wallet. From there you need to sign up to a betting site accepting BTC and go to make a deposit as normal.
In the case of betting with Bitcoin you’ll need to find your Bitcoin address from your bookmaker.
Once you have achieved that, you then need to head to your wallet and essentially send money as you would with PayPal. Once complete you’ll have funds in your betting account to place bets!
Why Bet With Bitcoin?Betting with Bitcoin is growing in popularity but is still one of the lesser used methods in comparison to the likes of debit and credit card.
There are a number of reasons why people are playing with Bitcoin though. It’s quick and generally considered much safer than debit and credit card as users aren’t communicating any of their bank details with the bookmaker.
You’re essentially transferring bankroll anonymously and bookmaker transfers also don’t appear on your bank and credit card statements, something which can be frowned upon by some card providers.
Bitcoin Safety & SecurityAs we’ve mentioned there are a number of security benefits of depositing and withdrawing with Bitcoin.
First and foremost, the anonymous transaction will leave no trace of your bank details with the bookmaker and therefore if the bookmaker themselves were hacked, there would be no knock on effect of your details being stolen.
Of course, bookmakers are among the most secure sites on the planet anyway, so there really is nothing to worry about but Bitcoin really does offer that added peace of mind.
The peer-to-peer transferring really does add that extra level, just as many people like to gamble with eWallets for that reason.
Bitcoin Betting RegulationsBitcoin is essentially a virtual currency and therefore whenever you use it, the regulation of the particular country you’re betting from will be in place.
Of course for many of our customers that will be the UK, so all Bitcoin deposits, withdrawals and gameplay will operate in like with UK and EU gambling legislation.