Best Bitcoin & Crypto Betting Sites in 2025

Crypto betting is cool, convenient and reliable… if you know what to do. But, if you make a wrong move, you could risk losing all your funds to scammers, sending coins to the wrong address, or getting hit with various fees.

So, how do you get Bitcoins? Well, there are a few ways to go about it: through cryptocurrency exchanges, peer-to-peer (P2P) platforms, or brokers.

Cryptocurrency exchanges

These are online platforms where people trade cryptocurrencies. Buyers and sellers meet on these platforms to trade coins.

There are many exchanges out there, like binance.com or bitfinex.com. When choosing one, consider three things: whether it’s allowed for citizens of your country, the exchange rate, and the methods of depositing funds. The more options, the better.

Crypto exchanges can be both peer-to-peer (P2P) and non-P2P.

• Peer-to-Peer (P2P) Exchange: implies that transactions are made directly between two individuals. The exchange in this case acts as a guarantor of the security of transactions. It controls that both parties fulfill their obligations. For this, it receives its percentage, which the seller pays. The percentage on each exchange may vary.
  Examples of P2P crypto exchanges include LocalBitcoins and Paxful.
• Non-P2P Crypto Exchange facilitates transactions itself. Users place orders to buy or sell cryptocurrencies, and the exchange matches these orders internally or with liquidity providers. These exchanges typically offer a more traditional trading experience with features like market orders, limit orders, and order books.
  Examples of non-P2P crypto exchanges include Binance, Coinbase Pro, and Kraken.

Each type of exchange has its own advantages and disadvantages. P2P exchanges can offer greater privacy and flexibility, but may have higher risk due to the need for trust between users. Non-P2P exchanges offer more liquidity, advanced trading features and regulatory compliance, but may require users to go through identity verification processes.

You should choose the type of exchange that suits their preferences and requirements.

You may be asked to provide a username, email address and password. You may later be required to provide passport details to verify your identity. This process is known as KYC (Know Your Customer) and is designed to prevent fraudulent use of the exchange service.

However, you can opt out of KYC, but this will limit the amount of money you can spend through the exchange.

The key here is not to fall for a scam. Here is a short checklist to keep your money safe:

1. Choose a trader with a high percentage of executed orders, preferably over 98%.
2. Look for sellers with a high number of executed orders. The more the better.
3. When transferring money to a bank card, check once again that the recipient’s name corresponds to the name specified in the checkout field.

What are the potential risks?

• You may come across fake exchange platforms. Sometimes hackers make a complete copy of an existing exchange with an identical design, but register it in a different domain zone or change the letter in the URL of the search engine to another similar one.
• You may meet a fraudster who will get the money and try to escape. The exchanges try to make sure that there are no such scams, but they still happen.

Cryptocurrency Broker

Cryptocurrency brokers act as intermediaries between users and liquidity providers (exchanges, market makers or other liquidity sources). They fulfill users’ orders by finding the best available prices from these sources. Brokers usually do not show users the order book and do not allow direct interaction with other users.

Some crypto brokers are regulated and require user verification, while others may provide more anonymity.

Thus, the main difference between crypto brokers and exchanges is how orders are executed and where the liquidity comes from. Non-P2P exchanges have their own order matching and order book systems, while brokers obtain liquidity from external markets. Both types have their advantages and disadvantages, and users choose based on their preferences for trading style, anonymity, and features.

What are the potential risks?

• It is possible to run into a fake broker. People send money or cryptocurrency, but receive nothing in return. As a result, the site closes and the scammers leave with the money. To avoid getting into such a situation, read reviews of brokers on the Internet and use the services of those who have been working for several years.
• Another risk is to make a transfer error, send cryptocurrency or money to the wrong address, in which case you will lose your funds and no one will be able to help you complete the transaction.

How to purchase Bitcoins

Now that we’ve dealt with the theoretical part, let’s move on to the main thing: a step-by-step guide on how to buy Bitcoin:

1️⃣ Choose a Crypto Exchange

Choose a reliable and trustworthy crypto exchange (or broker). Be sure to check the reviews and reputation of the platform. Exchanges that we can recommend include Coinbase, Binance, Kraken, Bitstamp and some others.

2️⃣ Sign up on the platform of your choice

Now you need to make an account on the selected exchange. You may be asked to verify your details – for example, provide proof of identity, your full name, date of birth, place of residence, etc. This is necessary for security purposes – this is how platforms fight fraud. If you do not want to disclose the data, then you can try to find peers who are willing to sell you cryptocurrency directly without the verification process.

3️⃣ Top up your account

Fund your account on a cryptocurrency exchange. If you don’t have cryptocurrencies yet, you can do so using fiat currencies (e.g. dollars or euros). Depending on the platform, you can do it via bank transfer, credit card, PayPal and other payment methods.

4️⃣ Find Bitcoin

On the crypto exchange, find the section for trading Bitcoin (BTC) and select the purchase method. There are usually two main options:

• Market Order: Buying Bitcoin at the current market price.
• Limit Order: Set your own price to buy Bitcoin and wait for the price to reach that level.

5️⃣ Confirm Purchase

After choosing the purchase method and setting the necessary parameters, confirm your request to buy Bitcoin. Make sure you check all details before confirming.

6️⃣ Storing Bitcoin

After the transaction is completed, Bitcoins will be credited to your account.

Where to store cryptocurrency

Once you’ve bought a cryptocurrency, you need to store it somewhere. You have too ways to go:

• Leave your Bitcoins on the exchange.

Many cryptocurrency exchanges provide internal wallets where you can store your crypto funds. This is a good option if you plan to actively trade, but not so convenient if you intend to engage in crypto betting.

•  Open a crypto wallet.

It’s a tool similar to a bank account for traditional currency, but designed to manage digital assets – i.e. store, send and receive cryptocurrency.

We must warn you: storing cryptocurrency on an exchange can be less secure than on a wallet. The exchange may close down, then your cryptocurrency will disappear with it. Also, hackers often make attempts to hack exchanges.

What is a crypto wallet?

A cryptocurrency wallet is a program that stores public and private keys, not the coins themselves.

• The public key is the address of the wallet anyone can see. It is the public key that is used to send coins when transferring from one wallet to another.
• The private key is also an address, but it acts as a password and from the coins on the wallet. It can be compared to a mailbox key: everyone can put a letter inside, but only the one who has a key to the box can get it out. Therefore, the main task of the user is not to lose and keep the private key secret. If someone steals the private key to the wallet, they will be able to enter it and withdraw all the coins.

Cryptocurrency wallets can be categorized as either ‘hot‘ or ‘cold.’ Hot wallets maintain a constant internet connection, while cold wallets, on the other hand, do not have an internet connection and only connect briefly for a few seconds when a transaction is being executed. In simple words, hot wallets are the apps on your device while a cold wallet is a device that looks like a flash drive.

A crypto wallet is the most convenient option for storing Bitcoins if you are going to engage in crypto betting.

How To Bet With Bitcoin or Other Cryptocurrencies

Suppose you figured out where and how to buy cryptocurrency. It’s time to move on to the most interesting: what we are here for – sports betting.

On most sports betting crypto platforms, even at Tether betting sites, the process of sports betting with BTC or other coins is relatively straightforward. As soon as you find a great sports betting Bitcoins site, you can register there, claim some bonuses like a welcome bonus, and make a deposit.

Here are the steps to follow for Bitcoin betting:

1️⃣ Choose a crypto wallet

You can opt for a cold, hot, mobile tool – the main thing is that it must meet all your requirements. Most popular crypto wallets support Bitcoin. We can recommend Electrum, Trust Wallet, Exodus, and Trezor.

2️⃣ Get Cryptocurrency

Buy Bitcoins on an exchange or from a broker, and transfer them to your crypto wallet for the convenience of using cryptocurrency on a crypto sports betting site.

3️⃣ Find a Bitcoin Sportsbook

Not all bookmakers accept Bitcoin. So make sure you choose a crypto betting site for your gambling. You can use our list as a guide to select the best Bitcoin betting sites.

4️⃣ Sign up with the crypto betting site

Register on your chosen sports betting site by following their signup process.

5️⃣ Top up your account at the Bitcoin sportsbook

Select the “Deposit account” option (or similar) on the sports betting site and select the cryptocurrency for the deposit. Copy the address from the site and paste it into your wallet. Then enter the deposit amount, check the details and send your money.

6️⃣ Place the Sports Bets

After the money appears on your gaming account, you can start your crypto sports betting. Select the sporting event or match you are interested in, place a bet and confirm it.

Also, do not forget about bonuses – they can significantly boost your bankroll. If you decide to use bonuses for betting, carefully read the wagering requirements – most bonuses need to be wagered.

7️⃣ Withdraw Your Winnings

If luck is on your side and your bet wins, you can request a withdrawal to your crypto wallet. The procedure is the opposite of making a deposit: open your cryptocurrency wallet (or your exchange account), copy the address from it, and paste it into the casino’s withdrawal section. Double-check the details, confirm the transaction, and wait for the funds to arrive.

If you are looking for sportsbooks that accept altcoins, the procedure will be the same for you. Also, some legit crypto betting sites allow you to buy cryptocurrencies right from the platform – this is very convenient.

Crypto Betting Markets & Games

Each Bitcoin betting website’s team determines which sports will be included in the list. According to our practice, good bitcoin bookmakers offer a vast selection for players. Usually, you can find sports, esports, and virtual sports to bet with Bitcoins.

Among sports activities, you may find the following ones:

• Football;
• Boxing;
• Basketball;
• Hockey;
• Tennis;
• Golf;
• MMA;
• Baseball
• Cricket
• Table tennis

Among esports activities, you will be able to bet on the following ones:

• Rocket League;
• League of Legends;
• Dota 2;
• CS: GO;
• Call of Duty;
• Valorant;
• DraftKings

Live Bitcoin Betting Sites

Live bets are bets you can place not before the game but during it. It is enjoyable and gives you much more adrenaline. Many Bitcoin betting sites offer both types of bets, but if you are looking for live ones, in particular, we recommend you check the offers before registering.

In addition, live betting increases your chance of winning. When you place bets before a game, you don’t know how things will turn out – whether some critical players will get injured, the team’s mood, and so on. After analyzing all the moments during the game, you can bet much more accurately.

Main Bitcoin Sports Betting Odds

Newcomers to the world of sports betting might find deciphering the betting odds a bit of a puzzle. Crypto betting sites and their odds presentation can differ significantly, with three prevalent formats to choose from: American, Decimal, or Fractional odds. This may sound confusing, but don’t worry – we’ll help you understand how to interpret betting odds and what to expect when it comes to payouts.

What Are Betting Odds?

Odds determine the probability of an outcome for each side of an event. Sports betting odds are usually explained in a “number to number” format, with a less favorable outcome displayed before a more favorable one.

For example, if you see the odds of 3 to 1, this means that you are three times more likely to lose than you are to win.

The Main Types Of Sports Bets

American (Moneyline) Odds

Let’s break down Moneyline odds first. They are also called American because they are popular in North America.

So, all American odds make up a baseline of $100. They uniquely represent the favorite (a plus (+) sign) and the underdog (with a minus (-) sign).

Positive American Odds (+) indicate how much profit you can make on a $100 bet. For example, +200 means you can win $200 on a $100 bet. In turn, Negative American Odds indicate how much you need to bet to win $100. For example, -150 means you need to bet $150 to win $100.

However, this system is quite flexible and can be easily adapted to bets of different sizes.

Knowing how American Odds work, you can calculate the potential profit from winning. For positive odds, the formula is: (Bet Amount * Odd) / 100, and for negative – (Bet Amount / Absolute Value of Odd) * 100.

So, if you bet 0.05 BTC at odds of +136, your potential profit would be 0.068 BTC if your bet wins ((0.05 BTC / 100) * 136 = 0.068). If you bet 0.08 BTC at odds of -172, your potential profit would be approximately 0.04651 BTC if your bet wins ((0.08 BTC / 172) * 100 = 0.04651).

Fractional odds

Fractional odds might not be as widespread in the United States (the format is especially popular in the UK), but you can still come across them on some American Bitcoin betting sites.

They’re typically displayed in a clear format, using a dash like 2-1 odds, a colon like 2:1 odds, or a slash like 2/1 odds. Fractional odds represents the relationship between profit and the original rate. For example, 2/1 means that if you win your $100 bet, you will receive $200 in profit.

In order to calculate your potential winnings just follow this simple formula: multiply your bet amount by the fraction. For instance, if you bet 0.05 BTC on 8/7 odds, your potential winnings would be approximately 0.05714 BTC ((0.05 BTC * (8/7) = 0.05714). If your initial bet is 0.08 BTC with 7/10 odds, your payout would be approximately 0.056 BTC ((0.08 BTC * (7/10) = 0.056).

Decimal Odds

Decimal Odds are the most common format in the betting world. Decimal odds show the potential winnings including the original bet.

They’re typically represented by a whole number followed by a two-place decimal. For example, if the bet is $100 at odds of 2.0, the potential win is $200 ($100 stake + $100 profit).

Calculations are quite simple: multiply your bet by Decimal Odd. Thus, for a 0.05 BTC bet at odds of 2.74, the potential winnings will be 0.1375 BTC (0.05 BTC * 2.74 = 0.1375), while for a 0.08 BTC bet at odds of 1.45, it will be 0.116 BTC (0.08 BTC * 1.45 = 0.116).

Now that you’ve got the hang of reading odds, it will be easy for you to calculate your potential payout. Choose the top crypto betting site, study the odds, and make your best bets!

🔗 See Also: Crypto Betting Guides by Coin

• Bitcoin Cash Betting Sites – BCH betting platforms with fast payments and low fees.

• Cardano Betting Sites – Try betting with ADA on secure and scalable sportsbooks.

• Dash Betting Sites – Explore Dash-powered bookmakers with instant transactions.

• Dogecoin Betting Sites – Bet with DOGE and enjoy fun, fast-paced crypto gambling.

• Ethereum Betting Sites – Top ETH betting sites for DeFi fans and smart contract users.

• Litecoin Betting Sites – LTC betting sites with low-cost, high-speed withdrawals.

• Monero Betting Sites – Bet fully anonymous with XMR – no KYC, no tracking.

• Ripple Betting Sites – XRP betting with blazing-fast deposits and trusted sportsbooks.

• USDT Betting Sites – Stable and safe Tether betting with zero crypto volatility.

Best Bitcoin Sportsbooks & Crypto Sports Betting Sites – FAQ

➤ ⚽ Is crypto sports betting legal and safe?

Crypto sports betting is legal in many countries and is generally safe if you use licensed, reputable crypto sports betting platforms. Always check the regulations in your region and pick a platform with a strong reputation.

➤ ⚽ How fast are deposits and withdrawals on crypto sportsbooks?

Crypto transactions are usually processed in minutes, not days. Bitcoin, Ethereum, Litecoin, and other coins are supported, with near-instant deposits and quick payouts (after approval).

➤ ⚽ Are there fees for depositing or withdrawing with Bitcoin?

Most Bitcoin sports betting sites don’t charge internal fees, but you may pay a small miner’s fee. Always check the platform’s terms before making a deposit or withdrawal.

➤ ⚽ Which cryptocurrencies can I use for betting?

Besides Bitcoin, most crypto sportsbooks accept Ethereum, Litecoin, Tether (USDT), Bitcoin Cash, Ripple, and more. You can even use stablecoins to avoid volatility.

➤ ⚽ Can I Use Lightning Network for Bitcoin Betting?

A few cutting-edge platforms support Lightning deposits for instant, ultra-low-fee payments. Check if your chosen site mentions Lightning compatibility.

➤ ⚽ Are VPNs Allowed on Bitcoin Betting Sites?

Some crypto sportsbooks allow VPNs, especially for privacy-focused players. But always check the terms of service – a few sites may restrict VPN usage.