Bitcoin Betting Sites – A Payment Method For The Future

Are you ready to leap into the future and win big? We have just what you need – a revolutionary new sports betting and gambling payment method. Cryptocurrencies are becoming an increasingly popular payment method among sportsbook players. And there is a good reason for that. With Bitcoin at your disposal, you can make lightning-fast deposits. Also, those transactions are cheap and reliable. It is no wonder why many popular betting sites decided to accept crypto as a payment method.

No doubt, you will feel like a king with this new deposit method. The main part of online betting is fun, and with cryptocurrencies, you will get just that. So if you’re ready to spin, stake, and play to win, don’t wait around – hop on board the Bitcoin wagon today. Read this article and learn how to get and where to store your cryptocurrencies.

Editors’ Choice: Top Bitcoin Betting Sites

Although it is revolutionary, this method has not yet been accepted by all online sportsbooks. At the moment, only Curacao-licensed brands can accept Bitcoin as a payment method. Here are our favorites among online betting sites. Each of them is good enough to be your favorite.

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Bitcoin Betting Sites

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A Brief History and Impressive Growth of the Popularity of Bitcoin

The first crypto block was mined in 2009, but the idea of cryptocurrencies was not particularly new at that time. However, in March 2009, the first decentralized cryptocurrency entered the virtual world, and the world was ready for a revolution! That was the first currency that wasn’t related to any state or any other entity because Bitcoin was just Bitcoin. Nobody could predict and influence the growth and possible depreciation of this or any other blockchain virtual currency.

It’s interesting to note that cryptocurrencies get their name from the word ‘cryptography.’ A type of encryption used to verify and track transactions in the virtual market. In this article, we’ll mainly look at the history and rise of Bitcoin and the best Bitcoin sportsbooks that have our recommendation.

Who is Satoshi Nakamoto, and is the Legend About Him Valid?

Bitcoin Deposit Method

The whole story and urban legend began to spread far back in 2007 when the Bitcoin project actually started. A year later, three men (Neal King, Vladimir Oksman, and Charles Bry) completed and submitted a patent grant application. It was classified as a strictly confidential application in the field of encryption. None of these people has acknowledged any relation to the mythical being called Satoshi Nakamoto, who’s supposed to be the creator of the idea of Bitcoin and the whole blockchain movement.

There’s still no answer to the question of who Nakamoto is and whether he’s real or a fictional person. His existence and wealth are speculated, as it’s assumed that he currently owns about 980,000 Bitcoins. His wealth in December 2017 was estimated at 19.7 million USD in Bitcoins.

Where Can You Use Bitcoin and Other Cryptocurrencies?

Although there are many cryptocurrencies and new ones appear every day, the most famous cryptocurrency currently is undoubtedly Bitcoin. People have accepted and loved this cryptocurrency for the simple reason that transactions through Bitcoin are fast, safe, and secure. Today Bitcoin can be used as a legitimate payment method. Many online shops and services accept Bitcoin and other cryptocurrencies as means of payment.

Many well-known and popular online shops and sellers accept this payment method and consider it equal to traditional methods such as payment cards (debit and credit), and e-wallets (Skrill, PayPal, Neteller, etc.). Therefore, if you plan to use your hard-earned Bitcoins, all you need to do is find crypto-friendly websites that accept cryptocurrencies as a payment method.

The selection is large when discussing high-quality sportsbooks and online casinos that accept cryptocurrencies as a payment method. In particular, there are crypto-only sportsbooks. Also, an increasing number of traditional online sportsbooks have also included at least some cryptocurrencies in their offers as a deposit and withdrawal method.

The advantages of depositing via cryptocurrencies in online sportsbooks are diverse. Still, first of all, we should mention that these transactions are completely anonymous and can’t be tracked by third parties. That means that the bettors don’t have to share their personal and financial information or even disclose their identity. The downside of the crypto deposit method is the fact that complete anonymity comes with specific problems. For example, underage betting, which is prohibited by law in all countries in the world.

As we have already mentioned, more and more sportsbooks and online casinos start to accept Bitcoin and other cryptocurrencies daily. So, we at BET-EXPERTS.COM compiled a list of the best sportsbooks that accept cryptocurrencies as a payment method.

Sportsbooks that accept Bitcoin:

How to Buy Your Cryptocurrencies?

What is asked as the first question is how to get your Bitcoins, Litecoins, Moneros, and other cryptocurrencies. Since the beginning of cryptocurrencies, one of the main ways to obtain them has been so-called mining.

To fully understand how Bitcoin mining works, you first need to know the basics of blockchain technology. The technology acts as a public digital ladder for every transaction ever made. It records every transaction in the database. Additionally, the same database is copied and sent to every computer in the network.

To ensure that this virtual ladder is verified and updated, every computer in the network communicates with each other and cross-checks to see if all copies are valid and correct. These procedures publish and allow each transaction and thus make cryptocurrencies decentralized from every financial intermediary, such as a bank.

In addition to this rather complicated and sometimes expensive way of obtaining cryptocurrencies, there’s one much simpler way. You can purchase your Bitcoins. Our recommendation is always to make sure to buy your cryptocurrencies on licensed and regulated online exchange platforms.

The exchange platforms are made to be user-friendly. So even the users without experience in buying cryptocurrencies don’t have problems when purchasing. The most famous and respectable exchange platforms globally are Coinbase, Kraken, Bittylicious, and Coin Corner. All these exchange platforms will provide you with a similar service, although we prefer the Coinbase exchange because it’s very efficient and safe to use.

Once you complete your transactions and buy Bitcoin or another cryptocurrency, it’s time to store them somewhere before you start using them in one of the preferred sportsbooks or online casinos.

The Best Places to Store Bitcoins

To buy and own Bitcoin and other virtual currencies, you need to have a Bitcoin wallet. These wallets are special programs that allow users to access and use cryptocurrencies. There are two types of Bitcoin wallets, called HOT (online) and COLD (offline) wallets.

Online wallets are less secure because codes, so-called private keys, are stored on devices connected to the internet. On the contrary, offline wallets are almost 100% secure. However, there’s always a chance of human error. If your private password gets lost, in that case, you will lose your Bitcoins. Despite all that, we recommend storing smaller BTC amounts in hot wallets. In contrast, more significant amounts of Bitcoin and other virtual currencies you should store in cold (offline) wallets due to greater security.

Before you decide which e-wallet to use, you need to know which of them are the best and most popular crypto wallets on the market. There are five types of crypto wallets, and all of them have their pros and cons.

Since sports betting is a very specific discipline that sometimes requires players to quickly move their money from one account to another, we believe that the best combination is to have one hot wallet for everyday use and one cold one on which you can deposit your winnings.


There are indeed many advantages of using cryptocurrencies as a deposit method in sportsbooks today. With this deposit and withdrawal method, players don’t need to disclose their personal and financial data since Bitcoin transactions are entirely anonymous.

Also, there are no transaction fees, and the transactions themselves are swift and efficient. After all, there’s no middle-man between your Bitcoin wallet and your sportsbook. All in all, we believe that Bitcoin and other cryptocurrencies are the future of the sports betting industry.

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  • What’s the safest way to store Bitcoin?

    As we have already mentioned, there are several possible solutions, and none of them is perfect, so it’s best to combine hot and cold Bitcoin wallets and, that way, try to protect your funds in the best possible way. This is because there’s still no perfect way to store and save Bitcoin.

  • How much is Bitcoin worth?

    The most intriguing thing about Bitcoin and other cryptocurrencies is the fact that their value fluctuates. Depending on the current interest in a particular virtual currency, its value rises and falls.

  • Will Bitcoin crash again?

    No single person in the world can give the correct and argument answer to this question. Many people speculate and gamble with their life savings, but it is pretty hard to predict how will value of Bitcoin move in the near future.

  • How to buy Bitcoin?

    To buy Bitcoin or any cryptocurrency, you’ll need a crypto exchange where buyers and sellers meet to exchange dollars or other FIAT currencies for coins. There is a vast number of exchanges out there, but as a beginner, you’ll want to opt for one that balances ease of use with low fees and high security, such as Kraken or Coinbase.

  • What is Ledger?

    Ledger wallets are hardware cryptocurrency wallets made by Ledger, a company headquartered in Paris, France. This is one of the most popular hardware wallets in the world currently. Hardware wallets are much safer than online wallets, and it is recommended to have one.