Sports betting with crypto currencies such as Bitcoin, Etherum and more March 2023
Where can I bet with Bitcoins?
Do you want to use Bitcoins or another cryptocurrency for sports betting and casino games? No problem. BONUS.DIRECT has found the best crypto casinos and crypto betting operators in the market for you. You can sign up with these crypto bookies and crypto casinos without any risk. All crypto/Bitcoin bookmakers are reliable and secure. You can find the most important information summarised right here.
The best crypto sports betting and casinos - for your crypto sports betting bonus
200 % up to 1.000 $ Bonus
+ 10.50 $ No Deposit Offer - BONUS Code: BONUSDIRECT
3500 € Welcome Package + 200 Freespins
in 4 Steps
1000 € Welcome Package
in 3 steps
Welcome Bonus up to 7 BTC
in 4 steps
100 % up to 500 €
+ 200 FS & 1 Bonus Crab
What are cryptocurrencies?
Cryptocurrencies is a very complex topic. Simply put, it is a digital currency that functions as a medium of exchange. In June 2021, over 10,000 different crypto currencies had already been traded. In order to be able to record the assets of an owner, databases (blockchains) are used. Due to the cryptography used, the term “cryptocurrencies” makes much more sense. The most popular digital currency for sports betting is Bitcoin.
Many digital currencies have a specific purpose reserved for a project. Several others like Bitcoin, Ethereum and other crypto currencies are now even used as a payment method for purchases in a store or for buying things on the internet.
In order to store a so-called “coin”, a wallet is used. This is also required when depositing or withdrawing at a crypto casino or betting operator, so we’ll have a look at this topic in more detail later on.
Which cryptocurrencies can you bet with?
The best-known and most valuable crypto currency is still the Bitcoin (BTC). With a market capitalization of currently nearly 400 billion US dollars, Bitcoin is well ahead of their constant competitor “Ethereum”. It's also possible to place a crypto bet with Litecoin, Tron, Ripple or Binance Coin as well. Meanwhile, Solana is also one of the digital currencies that can be used with a crypto sports betting or casino operator.
Often, big crypto currencies like Bitcoin or Ethereum are necessary for purchasing smaller currencies. This is done in exchange for the more popular digital currencies. In general though, Bitcoin is by far the most commonly used for sports betting and casino games. This also stems from the fact that many betting operators and casinos prefer Bitcoin to the other digital currencies.
|Bitcoin (BTC)||Ethereum (ETH)|
|Litecoin (LTC)||Bitcoin Cash (BCH)|
|Solana (SOL)||Dogecoin (DOGE)|
|Tron (TRX)||Tether (USDT)|
|Ripple (XRP)||Binance Coin (BNB)|
|Cardano (ADA)||Stellar (XLM)|
|Dai (DAI)||Monero (XMR)|
How does depositing at bookies or online crypto casinos work?
Many people today are interested in “digital currencies”. However, people realize quickly that purchasing and managing digital coins requires a lot of know-how.
There are also some differences when making a deposit at a crypto bookie or casino. It’s not uncommon for players to see a QR code that displays the recipients address. After the QR code is scanned, the user is automatically forwarded, and payment has to be made with the required crypto wallet. As a rule, payments to crypto betting or casino operators must be confirmed several times, so the process might take several minutes. The deposited amount is then usually credited within a few seconds.
Many crypto bookies and casinos offer numerous crypto currencies, and you can also make a deposit using a credit card or standard e-wallet. So if you don’t hit if off with crypto currencies immediately, you can also use other well-known payment methods.
How do you bet with Bitcoin and cryptocurrencies?
Betting with cryptocurrencies is basically the same like any other normal bet. The wager can be placed quickly and easily by entering the amount. It's important to note that some operators do not use euros or US dollars. If crypto currencies must be specified for the placed crypto bet, then converting into euros should always be made so that the placed bets are not extremely high. Crypto betting professionals have already informed us of this situation. Our TIP: When placing your first bet, check the currency your bet is set in. This also applies to casino games. For example, you can pay in Bitcoin at Stake.com, but still bet in EUROS/Dollars.
Your crypto betting bonus – this can be particularly high and appealing
Which bookmakers have the best crypto sports betting bonuses? This question can be answered easily as many betting operators offer a high crypto betting bonus. Similar to well-known welcome bonuses or free bets with conventional bookies, crypto bonus offers also have different turnover requirements. The bonus amount received must be turned over several times. It is also important to pay attention to minimum odds for most crypto betting bookies.
A crypto sports betting bonus is especially interesting for high rollers. Since crypto bookmakers often offer very high limits, the betting bonus can be used to place a very high bet right from the beginning, without any limitations. A crypto betting or casino operator can also be an advantage due to crypto cashback offers or VIP programs. Due to the fact that higher stakes are placed, you can quickly move up in a loyalty program and receive many more promotions, which are also usually paid out in cryptos.
Crypto no deposit Free Bets, is that possible?
Yes, it is! At BONUS.DIRECT you frequently get offers from our betting and casino partners. The Free Bet from Stake.com, is very popular and can be used for both casino and sports betting. The crypto no deposit Free Bet offer is targeted towards new customers. We often have offers for existing crypto customers that clearly stand out from the standard betting bonus in the market. To do this, submit a bonus request in your BONUS.DIRECT account and you’ll get great crypto promotion with crypto promo codes or a direct crypto betting bonus for your online betting account. From time to time, we also have no deposit betting codes available as well as no deposit casino offers from our crypto partners. These can be found in your BONUS.DIRECT account. Other advantages include a cashback on a crypto credit card or free spins in a crypto casino. The number of these promotional offers via crypto sites is very extensive and customer-friendly.
Are crypto casinos and crypto bookies reliable?
In order to confirm the reliability of a crypto casino or bookie, you should take a look at their gaming license. Most of the popular crypto bookmakers and casinos have a gaming license, so everything is done right, and even large winning amounts won’t cause any problems.
In addition to the capacity of having a gaming license, you should also pay close attention to security. Website encryption, secure deposit and withdrawals of cryptocurrencies should definitely be available. Especially how fast deposits and withdrawals take place in the Crypto Space(as it's called under professionals in the Crypto World) are advantages that betting pros and casino high rollers appreciate.
We have tested various bookies and crypto casinos and are therefore highly recommended. Furthermore, our betting and casino partner "Stake" is sponsor of the Formula 1 Team Alfa Romeo.
Betting offers and other options for Bitcoin and other cryptocurrencies
When selecting the right crypto bookie, make sure that betting offers, and related betting options are all available.
With most crypto betting operators, the selection is so large where it becomes too much. We couldn’t find a difference between crypto operators and known betting portals during our test. Bets on the German Bundesliga, 2nd German Bundesliga, several European top leagues like the Premier League, Ligue 1, Primera Division or Serie A are possible on each match day. Crypto bets on the World Cup are also offered in the betting line-up from known crypto bookmakers. In addition to betting on football, you can also bet on basketball, Formula 1 and tennis with crypto currencies. Betting on the NHL, NBA or NFL and many other sport events are also available with crypto. Particularly in America, large amounts in Bitcoin or other crypto currencies are wagered on NFL. Our partner Stake.com has received millions of bets on the 2022 Superbowl with Bitcoins. Esports bets are also often paid in Bitcoin, Ethereum and more. Betting turnover at big esports tournaments with crypto providers have now also reached several millions.
When looking at betting options, the betting offer is quite identical to the betting offer from other major betting operators. In addition to the classic 1X2 bet, a crypto bookie also offers other betting options and special bets. Here you can also find popular betting classics such as, Over/Under bets, handicap bets, result bets, will both teams score Yes/No, corner kicks, fouls and many other bets are offered for each match. The special bets list with crypto operators are extremely extensive and therefore also recommended for betting pros. With crypto betting, you can find bets of your liking everyday. Additionally, they also offer various interesting amateur leagues for sports betting.
In terms of extras and additional features, crypto betting websites are in no way inferior to other popular betting operators. Many crypto bookies already have a bet configurator available. This is where you can put together your own bet, which can lead to higher betting profits if you make good use of your sports betting expertise. In addition, there are several crypto cash-outs offered for various sport events, which is where sports betting fans get the opportunity to redeem their bets earlier for events such as the World Cup, European Football Championship, DFB Cup, Formula 1, bets on basketball and many other events.
Which crypto bookie has the best betting odds?
Betting odds also play an important role with a crypto bookmaker since it represents the possible profit amount. If you want to place a crypto sports bet, then you should also pay attention to the odds calculation. Many crypto bookies are on the same level. Of course, there differences with betting odds between different betting options, but they are rather small. It’s not uncommon to have high betting odds advertised for an important sporting event which would benefit the sports betting fan.
For example, 1xbit is worth taking a look at because they often offer a great 1xbit bonus and also offer the best betting odds in the market. Rabona and Reloadbet are also just as good. These betting portals offer crypto bets and also offer their customers really good betting odds.
Cloudbet is also known for having high odds and an extensive range of sports betting and virtual slot machines. Cloudbet calls itself the “No. 1 for Bitcoin sports betting”. If you don’t have cryptocurrency currently available in your wallet, you can also make a deposit with a credit card or other common payment methods.
Crypto operator Stake definitely belongs on this list. Just recently, the popular Canadian rapper “Drake” promoted the gaming portal. During a live stream, the rapper wagered several Bitcoins worth one million US dollars. The loyalty and VIP program from this crypto platform is one of the best in the casino and sports betting world. You get a lot of crypto cashbacks and also crypto betting promo codes with no turnover requirements. It’s definitely worth opening a betting account with this operator. Open an account here
You can also bet bigger amounts with these betting partners without being limited right away. Here, betting pros can also let off steam with insider betting tips. The crypto world is simply different, but this goes for sports betting and casino friends too.
How do I buy cryptocurrencies?
In order to make a deposit at a crypto casino or betting operator, real crypto currencies are required. Many trading exchanges often only offer a Contract For Difference (CFD), which is like a bet on the rise or fall of a currency.
In order for it to work at a crypto bookmaker or casino, real crypto currencies must be purchased. This can be done easily and fast with many online crypto trading companies. Bitcoin, Ethereum, Ripple and countless other digital currencies can easily be exchanged for euros or US dollars. Other currencies can also be traded for Bitcoin, Ethereum, etc. However, since this is only interesting for investors and has no meaning for gaming and betting, let’s leave that out.
Sign up with a reliable online crypto exchange. There are several well-known crypto exchanges, but the best ones are:
How payouts with cryptocurrencies work: A guide
A crypto withdrawal process is much easier than making a deposit. That's because you've already set up your crypto account and crypto wallet, and you already understand how sending and receiving digital currencies works. The hard part is practically done.
Here is a clear guide on how crypto payouts work in online gaming:
If you are able to make a withdrawal, you should then go to the operator's payout section. This is where it’s important to select in which form the payout should be made. It should be noted that many crypto betting operators and casinos only offer your initial deposit method as a withdrawal. This means: if you deposited with Bitcoin, a payout is only possible with Bitcoin.
In order to payout your winnings, you’ll now need the wallet address. This can be found easily and quickly by opening the wallet and clicking on “Receive”. Now the wallet address is displayed, which must be specified in the gaming operator's payout form. Additionally, the amount that you wish to transfer to your wallet must be entered.
After this process is completed, the requested amount is automatically transferred from the your betting or casino account to the specified crypto wallet. Most crypto online bookmakers and casinos need 2-4 hours to release the withdrawal. Once this is done, it will only take 5-60 minutes for the payout to arrive on your personal wallet (varies depending on the crypto currency).
Do betting profits have to be taxed with Bitcoin?
If taxes apply in the respective country, the betting operator is responsible for this. In our tests, we found that none of the betting operators passed the tax on to the customer (as is the case with other operators). This is an advantage for the customer, as the betting profits are higher as a result.
For tipsters, this means that they don't have to worry about their winnings being taxed or the 5% betting tax. But since the requirements for this topic can change at any time, we ask that you make additional inquiries in your home country, just to be on the safe side.
When it comes to the taxation of crypto profits, i.e. speculative profits made purely from the purchase and sale of crypto currencies, other tax laws apply that vary from country to country. Here, too, we recommend that you obtain detailed information in advance.