Bookmakers accepting Bitcoin & Crypto
Many bookmakers now accept crypto payments, but not all do. Here’s where you can bet using Bitcoin:
As more and more people choose to bet on cryptocurrency, there are many new online bookmakers that accept only Bitcoin bets. They’re leading the way and want to take their share from the Bitcoin market. We can also add to them those betting websites that accept deposits and withdrawals with cryptocurrencies and, in particular – Bitcoin.
The cryptocurrency-based online bookmakers are taking a huge risk since the cryptocurrency may collapse at some point in the future. However, if this happens, the crypto bookmaker will have to close down. However, if something goes wrong with the cryptocurrencies and there is a decrease in cryptocurrency value, players can still deposit and withdraw using other deposit and withdrawal methods. The main difference between a Bitcoin bookmaker and a standard one is that the former has lower fees.
Advantages and disadvantages of Bitcoin bets
The advantages and disadvantages of Bitcoin betting are unique, so let’s look at both.
- They protect your anonymity
- Payments are made only in US dollars.
- You can place your bets on the following options:
- They only accept cryptocurrency payments or bitcoin.
- If the Bitcoin price collapses, so might those websites.
Fast & Anonymous Sign Up?
Since the crypto blockchain technology is used for Bitcoin bookmakers, the currency accepted by these websites is based on fiat currency. However, standard bookmakers offer more payment options.
The main difference between bitcoin and regular bookmakers is the sign-up process. Bitcoin betting websites don’t require players to submit a lot of personal information, which makes them more anonymous than standard bookmakers. However, this could also be an inconvenience because you might end up with a bitcoin-only bookmaker who is trying to scam you. Legit companies offer a standard verification procedure that users follow before being able to bet or withdraw money from their account. This prevents scammers from stealing your winnings or taking advantage of your bets by offering fraudulent products and services.
Are Bitcoin betting websites reliable?
All Bitcoin betting websites are reliable. If a company has a serious intention to develop its services in this industry and provide professional service, it will have a license for online gambling.
Bitcoin bookmakers that offer other currencies besides bitcoin are more reliable than ones that only accept bitcoin payments. This is because if the price of cryptocurrencies drops, there may be fewer crypto bookmakers and crypto casinos left. However, other websites will continue to operate.
Are Bitcoin bookmakers legit?
Bitcoin bookmakers are legal, as they are licensed by the government. You can find information about their licences in the footer of their sites. We advise you to avoid illegal Bitcoin gambling bookmakers. Some betting websites only accept cryptocurrencies as payment, but are regulated and licenced by gambling commissions. They monitor their activities, including payouts.
Do standard bookmakers accept Bitcoin as a form of payment?
Yes, there are online bookmakers that allow you to deposit and withdraw money using different methods, including Bitcoin.
What are the best bitcoin betting sites?
We recommend taking a look at our list of online bookmakers that accept Bitcoin.
Can I really stay anonymous when I bet with Bitcoin?
Your anonymity is guaranteed when you pay through cryptocurrencies.