Bitcoin Betting Site Reviews 2018
Bitcoin + betting = blast.
Instant withdrawals, very low fees, and no territorial restrictions—what’s not to like?
Look no further if you’re searching for a great Bitcoin betting site to lay wagers on!
My colleagues at BitcoinPlay and I selected the very best places to wager on sports using cryptocurrencies by checking their markets, interface, reputation, and security.
Below you can find the best Bitcoin betting websites and see the sweet perks they bring to the table.You can also check out our case study spreadsheet where all the data collected from our research is packed neatly.
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The natural bond between Bitcoin and online bookmakers didn’t go unnoticed for long as many bookies were quick to adopt the new fintech.
We were quick to review the best Bitcoin betting sites.
Bitcoin is ideal for online betting. It reduces service costs and allows sportsbooks to be more generous with their odds and bonuses, while punters don’t have to pay hefty fees to retrieve their earnings.
How Are the Best Bitcoin Betting Sites Ranked?
It’s not difficult to find bookmakers accepting Bitcoin, but sorting through them is considerably more challenging.
The biggest issue is the lack of regulations. While “decentralized online currency” is an awesome concept that adds to the appeal of Bitcoin, some guarantees before you hand your crypto assets over to an unknown entity are also nice to have.
Normal online sportsbooks are regulated heavily by the authorities of their respective jurisdictions, but virtually no country has any meaningful legal framework surrounding Bitcoin and altcoins, let alone betting with them.
That’s where we come in.
The Review Process
Our review process follows steps similar to those outlined in the main Bitcoin casino review structure:
- We sign up – We create accounts on all Bitcoin gambling sites, and dedicated bookmakers are not an exception. In addition, we carefully check the time it takes between creating a username and placing the first deposit, paying special attention to any documents or verifications that might be necessary.
- We deposit – One of the main advantages of Bitcoin is that you can deposit quickly and safely without passing through any intermediaries. Still, some bookmakers are accepting Bitcoin faster than others.
- We bet – Of course, the best Bitcoin betting websites must be judged based on their live coverage, markets, and odds. We check all these in detail by placing bets, canceling wagers, playing real-time, and creating advanced combinations.
- We withdraw – Once a Bitcoin betting site has been examined thoroughly (usually the process takes three to six weeks) and once our reviewers get lucky and win a wager or two, we withdraw. This step is crucial for all types of online gambling, but with Bitcoin it is usually smooth sailing.
- We check reputation – Bitcoin sportsbook Reddit threads, Bitcoin forums and other review sites can be very revealing about the best places for quality cryptocurrency betting. Our review process is extensive enough to allow us to collect all relevant data about how the sportsbook has performed throughout the years.
Additional QA Checks
These are the main criteria we take into consideration, but the reviews also cover aspects like deposit bonuses, customer service, and interface.
Moderate welcome bonuses with reasonable requirements are better than bombastic offers that nobody can realistically claim.
Quick and polite customer support is a must for any modern business, particularly one that handles multiple transactions and, potentially, a lot of money.
Since we are reviewing Bitcoin betting sites, the interface is crucial for a pleasant experience and smooth wagering. Quick-loading sites with easy navigation can make all the difference when it comes to live bets.
We also check mobile apps wherever available and place wagers through mobile devices to see how responsive the site is. Our philosophy is that if you want to be the best Bitcoin sportsbook, you’d better deliver a top-notch mobile experience.
At the end, you’ll learn with great ease and safety where it’s OK to wager on sports using crypto assets.
Top 5 Bitcoin Betting Websites
Now that you know the criteria we use to review Bitcoin betting sites, let’s list some of the best names. All of the below entries have excellent, responsive layouts, quick payments and withdrawals, and a decent selection of markets.
Before we start, you should know that this list is in no strict order. The differences between these bookmakers are so tiny that the first or the last entry might qualify as the best Bitcoin betting site, depending on your preferences.
We focus mostly on the betting side of these Bitcoin websites, mentioning only in passing any casino games they might be offering.
For a more in-depth look, browse the full versions of the reviews we have here on BitcoinPlay.net.
Established in 2013, Cloudbet is without a doubt one of the Bitcoin gambling industry leaders. Its reputation is unblemished, the site is very intuitive, and the betting possibilities are aplenty.
Cloudbet’s sportsbook allows bets on all major and minor sports from basketball to badminton with the widest selection of live betting, as well as dozens of additional market specials. Besides betting, Cloudbet offers Bitcoin poker, slots, roulette, and 65 live-dealer casino tables.
The best part is that Cloudbet will hook you up with a welcome bonus of up to 5 BTC based on your first deposit. Right now, the minimum bet amount at Cloudbet is 0.001 BTC—great for smaller players, but for high-rollers, the maximum can rise to around 36 BTC for major leagues.
If you need to reach their customer support, you can use email and live chat, but there’s no phone support. Overall, Cloudbet is an excellent Bitcoin betting platform for players of all levels and preferences.
2. Nitrogen Sports
When it comes to Nitrogen Sports, many Bitcoin Reddit threads, as well as our reviewers, agree that this is one of the best if not the best Bitcoin betting platform. Nitrogen has been operating since 2013 and has attracted hundreds of thousands of players from all over the world. It offers markets on any sport you can imagine, from football to golf and even—check this out—eSports.
Their minimum betting amount is 0.001 BTC. On the other hand, the maximum amount depends on various factors like sport, league, etc. Depositing and withdrawing funds usually take under an hour, in some cases even under 10 minutes. Additionally, the Nitrogen customer support is available via email and ticketing system. Regardless of the method, you will receive a fast and helpful response.
Finally, Nitrogen is 100% anonymous, and the sign-up process doesn’t ask for any personal information, not even your email.
If you start browsing through Bitcoin sportsbook Reddit threads, a name that will regularly pop up is Sportsbet. This betting operator is a relatively new player in the industry, but it has already become quite popular. Sportsbet has a modern and clean look, an extensive sportsbook with competitive odds, and various types of bets. The two favorite options on the website are virtual sports and player props betting.
Furthermore, withdrawal times are under 15 minutes in most cases, but it can take longer in some instances. Sportsbet has the standard minimum bet amount of 0.001 BTC, while the maximum varies.
To register on the website, you need to provide your email address and date of birth.
Finally, Sportsbet has live chat and email support available 24/7. As a result, reaching them won’t be a problem.
1xBit is a spin-off sportsbook from the regular betting site 1xBet, which has been providing casino games like Bitcoin dice and slots, as well as sports wagering, since 2007, but the Bitcoin side of their business has been around for just a couple of years.
While we are not the biggest fans of 1xBit’s design and interface, some users may be fine with it. However, our personal opinion of it is that it’s too cluttered and overwhelming.
Besides this remark, 1xBit offers all standard sports-betting features, like various types of bets, all possible sports and leagues, fast payments, live-chat customer support, and so on.
Furthermore, it offers a 100% first-deposit match bonus of up to 1 BTC. Also, 1xBit has a dedicated Android mobile app for the ultimate mobile betting experience.
Finally, unlike some previous entries on this list, 1xBit accepts many other cryptocurrencies besides Bitcoin.
mBit is a four-year-old sportsbook that is fully licensed by the Curacao Gaming Commission. It has a beautiful design with minimal clutter. Additionally, mBit offers competitive odds, an extensive list of their types of bets, and markets on almost every sport. You will even be able to place bets on eSports events.
Besides these features, you can claim a welcome bonus of up to 50 mBTC, depending on your first deposit.
If you have any problems with the platform, you can contact the customer support service via live chat and email. However, some users managed to get a response by reaching out to them over mBit official social media accounts.
It should be noted that some users have reported difficulties withdrawing funds. However, we cannot attest to that, as we had no problems whatsoever.
If we were to highlight only one characteristic of mBit sportsbook, then that would be its simplicity and ease of use.
One more thing: recently mBit opened its doors for Ethereum gambling. So if you have some ETH laying around, you can wager it as well.
Bitcoin sports betting is an excellent pastime that might boost your finances a bit, but it’s certain to increase your heart rate when the game you wager on begins.
Some Bitcoin sportsbooks lack the strict licensing regulations of fiat bookies, but this is bound to change in the coming years, when legislators figure out (hopefully) the best way to regulate the cryptocurrency market as a whole. When that happens, a bet on Bitcoin bookies will become an even safer endeavor.
In the meantime, feel free to browse through our extensive reviews. Also, don’t hesitate to try out the top websites we have listed here. They rank high among the best Bitcoin betting sites for many reasons, with reliability and security being among the most crucial ranking criteria.
Q: Are fiat currency bookmakers accepting Bitcoin?
Q: How do I acquire Bitcoin?
A: The fastest way to obtain Bitcoin is through a Bitcoin exchange where it can be bought using fiat currency. But don’t confuse a Bitcoin exchange with a Bitcoin betting exchange; the former is a place to trade cryptocurrencies, the latter is a betting exchange that works with Bitcoin.
Q: Can I trust Bitcoin betting sites?
A: There are several factors that determine whether a Bitcoin betting site is trustworthy, but the two main things are longevity and good reputation. Also, sites that have been around for a few years are obviously not aiming to rake in quick profit and run with it. With this in mind, checking our reviews gives an excellent idea about the site’s reputation.
Q: What are the benefits of Bitcoin anonymity?
A: Staying anonymous while betting online offers many benefits, but these two are the most significant ones: First of all, some governments have restrictions on sports betting, so staying anonymous can help bypass them. Secondly, many online gambling operators misuse personal information and sell it to advertising companies; being anonymous protects you from this.
Q: How does a Bitcoin betting exchange work?
A: A BTC betting exchange is the go-to betting format for many online gamblers. Instead of betting against the house, you’re directly facing another user. Additionally, there are two sides to the betting exchange, “back” and “lay.” To back means that you are betting on a bet’s outcome to happen. To lay means that you want the opposite to happen.
Q: What is eSports Bitcoin betting?
A: eSports or electronic sports are competitions between players or teams in certain video games. Almost identically as traditional betting, these events have matches, clubs, and individuals you can bet on. While eSports have been around for quite some time, they only recently became available on the Bitcoin betting sites and turned out to be an instant success.
Q: How is sports betting on Bitcoin bookmakers any different than regular online sportsbooks?
A: It isn’t, really, but Bitcoin grants pseudonymity and is not money, legally speaking. As a result, these two factors allow players from countries like the US, where sports gambling is still largely illegal, to wager safely.