This page is dedicated to the best Bitcoin betting sites. Discover which bookmakers accept Bitcoin, how to obtain the cryptocurrency, fund your gaming account, and withdraw any winnings safely.
The best online Bitcoin bookmakers
| 🥇 22bet | 5/5 | Up to €122 on the 1st deposit | €1 | / | Wide variety of sports bets, cryptocurrency support, no live streaming | Visit the site |
| 🥈 LSBet | 4.5/5 | Up to €100 on the 1st deposit | €10 | / | Good odds, wide selection of events, lack of dedicated mobile app | Visit the site |
| 🥉 Emirbet | 4/5 | Up to €150 on the 1st deposit | €20 | / | Intuitive interface, accepts Bitcoin, customer support can be improved | Visit the site |
| 🏅 Gratowin | 4/5 | Up to €200 on the 1st deposit | €10 | / | Generous bonuses, exclusive games, limited betting options | Visit the site |
| 🏅 7Signs | 4.5/5 | Up to €500 on the 1st deposit | €20 | / | Attractive design, numerous bonuses, high wagering requirements | Visit the site |
What is Bitcoin?
For those unfamiliar with the world of cryptocurrencies, let’s start by explaining what Bitcoin is. In 2009, an individual or group under the pseudonym Satoshi Nakamoto developed the software that gave birth to the first cryptocurrency in the world. After an initial low-profile period, the revolutionary potential of Bitcoin began to gain global attention.
But how does it actually work? It is a form of money that is neither issued nor guaranteed by any central bank. Bitcoin is based on a protocol called Blockchain and uses peer-to-peer technology. Every transaction is public and recorded in a distributed database, accessible to anyone who owns a wallet. The system operates through a pair of cryptographic keys: a public one, which serves as an address to send or receive payments (similar to an IBAN), and a private one, which authorizes transactions (like a PIN code).
In summary, transactions are visible, but the identity of users remains anonymous. This payment method has gained increasing popularity, exploding in recent years. The demand for cryptocurrencies pushed the value of Bitcoin to rise by over 1,700% in 2017 alone, the same year it was also introduced into the futures market. Although the price of Bitcoin is subject to fluctuations, the general trend over time has been strongly positive.
How to use Bitcoin betting sites
Now that we’ve clarified what Bitcoin is, let’s explore how to use this cryptocurrency for online betting. Once a few key concepts are understood, you’ll be ready to use Bitcoin to bet on your favorite sport or on virtual events like football and other simulated sports.
Unlike traditional currencies, there is no physical “piece” of Bitcoin. For this reason, it is essential to create and set up a secure and reliable digital wallet. The next step will be to obtain the Bitcoins to store in your wallet. Once again, there are various options available, which we will explore in more detail later.
Opening an online wallet
If someone asked you to picture Bitcoin, you would probably imagine a golden coin with a B-shaped symbol. This representation is symbolic: cryptocurrencies exist only in digital form. To buy, sell, and manage Bitcoin, you need a digital wallet, which is essential for all operations. There are several free software and websites that allow you to create a wallet, often accompanied by mobile apps. The more advanced software may be complex for beginners, so it’s recommended to start with simple web wallets. Among the most popular are BitPanda, Blockchain.info, Gemini, and Bitquick. Some wallets, like Coinbase, may have restrictions on using Bitcoin for online betting.
How to obtain Bitcoin
You can’t buy Bitcoin through a traditional bank or regular ATM. However, there are several ways to get this cryptocurrency, and the easiest is to buy it through one of the many online exchanges. The sites mentioned above also function as exchange platforms and allow you to purchase Bitcoin using traditional currencies. The only downside is that a fee is usually applied to each transaction. These platforms also allow you to receive payments in Bitcoin. Alternatively, there are peer-to-peer services like LocalBitcoin, which connect users interested in exchanging cryptocurrencies directly with each other, even in cash.
Managing your Bitcoin wallet
A Bitcoin wallet is an encrypted file, accessible only through a private key. This means there is no centralized entity that holds your funds. There are several solutions for storing the wallet: you can keep it online, which is convenient but more vulnerable to hacker attacks, or make offline backup copies, saving them on external devices, USB sticks, or even in the form of a paper wallet, meaning printing two QR codes on paper. Even if someone gets hold of your offline wallet, they cannot use it without the access key. For this reason, it is essential to carefully guard your password and never share it: if lost, the wallet would no longer be recoverable.
Deposit to your online betting account with Bitcoin
We’ve understood what Bitcoin is, how the system works, and how to create a wallet to buy and manage our cryptocurrency. We’re now ready to make our first deposit on a betting site that accepts Bitcoin. For example, the operator listed below allows secure and reliable Bitcoin payments.
Best site
22Bet
Welcome bonus up to €122
- Generous welcome bonus
- Reliable bookmaker
- Cryptocurrency support
Visit the site
Our team has prepared a simple guide to walk you through the process, which you’ll find below. Just log in to your operator account and follow the instructions to complete a standard deposit. Among the payment options, click on the Bitcoin logo to begin the process. At this point, you’ll need to choose your deposit amount — note that you must select the amount in the traditional currency supported by the site.
This is where an external service acts as a mediator, processing the transaction and converting the cryptocurrency into the traditional currency to complete the operation. As a general note, you can buy or manage Bitcoin using services like Neteller, a widely used e-wallet in the world of online betting.
How to deposit Bitcoin on betting sites.
Here are the steps to top up your betting account simply and securely.
- Log in to the bookie. Log in to the betting site and go to the deposit section.
- Click on Bitcoin. Click on the Bitcoin logo among the available payment methods and start the deposit process.
- Choose the amount to deposit. A form will appear where you’ll need to enter the amount to deposit, expressed in the local currency supported by the site.
- Confirm the operation. The final step of the deposit is the confirmation of the transaction, managed via the integrated mediation service.
- Place your bets. The funds will be successfully credited to your betting account and will be immediately available for placing bets.
As you can see from the steps outlined above, the process has been optimized to be extremely simple and easy to complete. The final deposit is made in fiat currency and requires an intermediary. Therefore, anonymity is not preserved, and there is no risk of money laundering, making the transfer very similar to a traditional deposit.
Three methods explained in detail
As previously mentioned, alongside the method involving Neteller, PayPal, or other intermediaries, there are also alternative approaches, some more or less known. However, it should be noted that, in the case of regulated bookmakers, it is almost always necessary to use an intermediary that converts Bitcoin into traditional currency. Below are some of the main methods to use, manage, or purchase Bitcoin.
DEPOSIT VIA FIAT CURRENCY
Many regulated international operators require user identity verification and transaction traceability. For this reason, it is often necessary to use an intermediary that converts Bitcoin into fiat currency to allow betting. This process is adopted as a security measure and for the prevention of money laundering.
PEER-TO-PEER TRANSFER
It is also possible to transfer cryptocurrencies directly between two wallets. Every transaction is tracked and made public by the Blockchain. The process involves three elements: the sender’s wallet address (input), the amount transferred, and the recipient’s wallet address (output). However, regulated betting sites currently do not support this payment method.
PURCHASE OF BOOKMAKER CURRENCY
An alternative and less common method involves exchanging Bitcoin for tokens or chips from the bookmaker. This way, bets are placed directly in cryptocurrency, without conversion to fiat currency. This approach is typical of operators that specialize exclusively in cryptocurrencies. However, these are platforms not always regulated or authorized by the relevant authorities.
Withdraw sports betting winnings with Bitcoin
If you wish to withdraw your betting winnings in Bitcoin from a betting site, it is generally necessary to use a platform that converts cryptocurrency into traditional currency. Some bookmakers support e-wallets compatible with Bitcoin that offer this service automatically and securely.
How the withdrawal process works in detail
Let’s look at the process in detail. By following the bookmaker’s step-by-step instructions, the withdrawal process is quite simple. First, access the withdrawal section of your betting account. Just like you did for the deposit, click on the icon associated with the Bitcoin method.
At this point, the request will be handled by a mediation service that will convert the cryptocurrency into traditional currency and credit it to the selected e-wallet. Processing times may vary: some services process the operation within one business day, while in many cases the transfer happens almost instantly.
Are there bonuses on Bitcoin betting sites?
In a way, Bitcoin betting sites are currently a… bet within a bet, since the world of cryptocurrencies is a new and still unexplored realm, not only for seasoned bookmakers but also for new emerging platforms. As a result, it is not always easy to find bonuses dedicated to those who choose this payment method.
As always, it is essential to check the terms and conditions to verify whether bonuses are also valid for deposits made in Bitcoin. For now, we’ll highlight the available betting bonus on one of the best Bitcoin betting sites. It’s a solid offer, with fair conditions and an easy rollover.
LSBet
Up to €100 on the 1st deposit
- Minimum odds 1.50
- Rollover 5x
- Validity 14 days
Visit the site
The operator mentioned above is an excellent betting site and, in addition to betting, also offers many other gaming opportunities: besides sports betting, it includes a casino section with slots, roulette, and other games. Always remember to carefully read the terms and conditions of promotions to verify if the welcome bonus is also available for those who deposit in Bitcoin.
Differences between Bitcoin betting and traditional currency betting
Online betting with Bitcoin represents a completely unique way to play. At first glance, filling out a football bet slip or placing a wager on basketball might seem the same, but using a cryptocurrency can radically change the gaming experience: the thrill of betting is combined with the excitement tied to the fluctuating value of the digital coin itself.
Bitcoin is a decentralized currency, but generally considered secure and reliable. However, it is subject to a high degree of volatility compared to traditional currencies, which means that between the time you place a bet and the time you withdraw your winnings, your profit may have gained value. But beware: just as it can increase, the value can also decrease. It is, in every sense, a “bet within a bet.”
| Feature | Bitcoin betting | Traditional currency betting |
| Stability | High volatility, unstable value | Value guaranteed by central banks and public institutions |
| Risks | Possible big profits but also rapid losses | Lower risk of fraud and hacking |
| Fees and speed | Fast transactions with low fees | Withdrawal times depend on banking circuits |
| Technology | Underrated but promising technology | Institutionally supported and consolidated |
Traditional currencies do not offer this kind of dynamism. On the other hand, it’s important to note that handling Bitcoin requires some technical skills and minimal experience, which we hope this guide has helped build. Moreover, the stability of traditional currencies reduces risks related to value, as they are backed by financial institutions and regulatory bodies.
Another aspect to consider is that with traditional currencies you can directly spend your winnings, without needing a conversion service. It may seem like a simpler and more direct choice. In the end, the decision is yours: the important thing is to have fun consciously and safely.
Useful tips for using cryptocurrencies safely
Bitcoin is not just a new form of currency, but an ongoing experimental evolution. For this reason, it’s essential to be properly informed and take the right precautions before using it. The first step is to secure your Bitcoin wallet. Just like a physical wallet, it must be protected from unauthorized access.
Digital wallets offered by online services can be very convenient, but in the past, they have proven to be more vulnerable to cyberattacks. To reduce risks, it’s important to regularly update your software and keep only funds for immediate use online.
| Tip | Description |
| Protect your privacy | Use software like BitLaundry to anonymize your wallet balance. Never share your private key and use encryption measures. |
| Your legacy | Take preventive steps to avoid losing funds in case of unexpected events. Plan how to grant access to your Bitcoins. |
| Cold Storage | The safest solution for storing Bitcoin is cold storage: a QR code printed on paper or saved offline, for example on a USB stick. |
| Don’t store them in online wallets | Online wallets are exposed to cyberattacks. Keep only small amounts online and protect the rest offline to avoid losses. |
| Keep wallets separate | Avoid using the same wallet for savings and daily expenses. Separating funds ensures more security and organization. |
To store savings or larger amounts, it is preferable to use cold storage solutions: offline devices like USB sticks, or printed backups with QR codes. Always keep both the wallet and its backup encrypted. Unlike an account managed by a third party, in this case, losing your password can mean losing your funds forever.
It is therefore advisable to keep a physical copy of your password in a safe place, like a secure box. To protect your funds in case of unforeseen circumstances, consider leaving clear instructions with a trusted person. Lastly, remember that Bitcoin transactions are immediate and irreversible: always be sure before confirming a payment.
Some information about Bitcoin: history and future outlook
The history of the most famous cryptocurrency is now well known. In 2008, Satoshi Nakamoto published the Bitcoin protocol on The Cryptography Mailing List, then released the first version of the client software the following year. He collaborated with other developers to expand the project before stepping back in 2010, handing over the lead to Gavin Andersen.
| Currency name | Bitcoin |
| Code | XBT or BTC |
| Founding year | 2009 |
| Creator | Satoshi Nakamoto |
| Users | Approximately 5.8 million |
| Maximum supply | 21 million Bitcoins |
| Current value | Check the exchange rate |
| Regulatory authority | Decentralized (no central authority) |
To this day, the real identity behind the pseudonym Satoshi Nakamoto remains a mystery. Bitcoin’s value has continued to grow over time, despite significant fluctuations. In 2012 it was worth about $13, and by the end of 2016, it had surpassed $850. In December 2017, the Chicago Board of Trade began to allow trading of futures contracts on the cryptocurrency, further fueling investor interest.
At the end of 2017, Bitcoin nearly reached $20,000, before falling to $12,000 and closing the year at $14,600. Later, media attention faded and new cryptocurrencies like Ethereum and Litecoin began gaining popularity. From 2020 onward, Bitcoin’s value experienced new peaks and drops. Between the end of 2024 and the beginning of 2025, it reached a new all-time high of over €90,000.
Cryptocurrency volatility and fluctuations
One of the major risks associated with Bitcoin is volatility. But what exactly do we mean by volatility and fluctuation? In simple terms, volatility measures the price variation of an asset over a specific period. The higher it is, the riskier it is to hold that asset, as its value can change quickly.
For example, Bitcoin has an average volatility index of 4.60%, while major traditional currencies like the euro or dollar range between 0.5% and 1%. Unlike fiat currencies, Bitcoin is a decentralized algorithm and not a currency issued by an institution. Its supply is limited to 21 million, making it immune to inflation caused by money printing. With growing global adoption, its value is likely to continue increasing in the long term.
Is Bitcoin the future of betting?
As we’ve seen, Bitcoin fits well within the online betting industry. Fast deposit and withdrawal times, no fees or taxes, and greater protection of financial privacy make it particularly attractive, especially for live bettors or those using international platforms.
Some jurisdictions, such as Curaçao, the Isle of Man, and the United Kingdom, have already recognized cryptocurrencies as legal payment methods for online gaming. Other authorities, including the Spanish Gambling Directorate and the Malta Gaming Authority, have also shown openness to this type of innovation. Although regulations vary from country to country, the global trend seems to be moving toward gradual acceptance.
Several independent studies have shown that the use of Bitcoin involves a lower risk of money laundering compared to traditional payment methods. For this reason, many industry experts consider cryptocurrencies to be an important part of the future of online betting, thanks to their efficiency, transparency, and security.
Alternative payment methods for betting
If this guide hasn’t completely cleared your doubts about the use of cryptocurrencies for deposits and withdrawals on betting sites, don’t worry — it’s normal to have some reservations. However, we hope the information provided has given you a clearer and more reassuring overview. It’s also important to consider your betting style. For example, if you prefer to deposit small amounts, note that some sites do not accept small Bitcoin deposits, while other solutions do.
If for any reason Bitcoin betting sites don’t meet your needs, there are many alternative methods that are just as secure and widely used globally. From digital wallets to traditional payment systems, here are some of the most popular options:
- PayPal
- paysafecard
- Visa
- Skrill
- Neteller
- Apple Pay
- Mastercard
- Maestro
- HiPay
- Sofort
- Bank transfer
Bitcoin betting: a unique approach to online gaming
In this guide, we’ve thoroughly analyzed the world of sports betting with Bitcoin, an innovative payment method that is quickly gaining ground in the online gaming industry. Thanks to its distinctive features — fast transactions, low management costs, and maximum privacy — Bitcoin offers a different and potentially freer experience than traditional methods.
Since its launch in 2009, Bitcoin has come a long way and is now adopted in many industries. In light of this growth, we expect to see increased global regulation and the adoption of Bitcoin by more and more operators in the online betting market.
FAQ
What are the best Bitcoin betting sites?
The best Bitcoin betting sites include operators like 22Bet, LSBet, Emirbet, Gratowin, and 7Signs. They all support secure cryptocurrency deposits. Remember that in some cases, a compatible e-wallet is needed to make deposits and withdrawals.
Are there sites that accept direct Bitcoin deposits?
Yes, some international bookmakers allow direct Bitcoin deposits. Others require the use of an e-wallet or conversion service to turn the cryptocurrency into fiat currency.
Is Bitcoin accepted everywhere as a betting payment method?
The availability of Bitcoin as a payment method depends on the regulations of the country where the bookmaker operates. However, internationally, more and more platforms are integrating cryptocurrencies into their payment systems.
Can you use Bitcoin for free on betting sites?
You cannot get Bitcoin for free on betting sites. To place bets, you must own cryptocurrency and, if required, convert it into fiat currency to complete transactions.
How do you deposit Bitcoin on a betting site?
You can deposit Bitcoin using three main methods: by converting it into fiat currency via an e-wallet, through peer-to-peer wallet transfers, or by purchasing internal bookmaker currency (tokens or chips) where supported.
Are Bitcoins subject to taxes?
Bitcoin taxation varies from country to country. In many jurisdictions, profits from cryptocurrencies may be taxed as capital gains. Always check local tax laws or consult a tax advisor.
Can Bitcoin be used for virtual betting?
Yes, you can use Bitcoin to bet on virtual events, such as football, horse racing, and other simulated sports. Just choose a site that supports both cryptocurrencies and virtual betting.
