Best Crypto Betting Sites Compared
Crypto betting is gaining traction among US bettors due to fast deposits, quick withdrawals, and minimal fees. Here’s a comparison of the top betting sites that accept cryptocurrency, focusing on the minimum deposit amounts, withdrawal times, fees, and welcome bonuses for new users.
| Betting site | Payment method | Minimum deposit | Withdrawal times | Fees | Welcome bonus |
|
Cloudbet
| Bitcoin, Ethereum, Litecoin | None | 24 hours | Vary (based on network congestion) | Matched deposit bonus up to 5 BTC for new users |
|
Stake
| Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, Bitcoin Cash, Tron, Ripple and more | None | Up to 24 hours | Minimal (vary based on currency) | 250,000 gold coins and 25 free Stake Cash |
|
Xbet
| Bitcoin, Ethereum, Litecoin, Dogecoin, Solana, Bitcoin Cash, Binance Coin, Tether, Cardano, or Shiba Inu. | $20 | 48 hours | None | 50% match up to $500 for new players |
If you’re looking to explore the best options for online sports betting, there are a variety of best online sportsbooks that cater to a wide range of preferences and provide excellent bonuses, fast payouts, and a solid betting experience. Many of these sportsbooks accept popular payment methods, such as crypto, making it easy for users to deposit and withdraw with ease.
For those seeking the latest in betting technology and fresh opportunities, checking out
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can give you access to the newest platforms offering innovative features and great welcome bonuses. These platforms often feature unique betting options and the latest payment methods to provide a cutting-edge experience.
How to Deposit with Crypto at US Betting Sites
- Choose Your Cryptocurrency:
Most US betting sites accept popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others. Choose the cryptocurrency you wish to use for the deposit based on the site’s accepted currencies. If you don’t already have a cryptocurrency wallet, create one. You can use a software wallet (like Exodus or Trust Wallet) or a hardware wallet (like Ledger or Trezor) for higher security.
- Find the Deposit Page on the Betting Site: Access your betting account by logging in with your username and password. Once logged in, find the banking section (often labeled as “Deposit” or “Cashier”) on the site.
- Select Cryptocurrency as Your Deposit Method: On the deposit page, select the cryptocurrency you wish to use. The available options will typically include Bitcoin, Ethereum, Litecoin, and others.
- Copy the Site’s Crypto Address: The site will provide you with a unique wallet address where you’ll send the cryptocurrency. Copy this address or scan the QR code provided. Some sites require you to enter a memo or tag for processing, so ensure you enter any additional information if needed.
- Initiate the Transfer from Your Wallet: In your crypto wallet, find the option to send funds. Paste the copied address (from the betting site) into the “To” or “Recipient” field of your wallet. Specify the amount of cryptocurrency you wish to deposit. Be sure to verify the amount and any network fees that might apply.
- Confirm the Transfer:
Double-check the wallet address and the amount before confirming the transaction. Once verified, confirm the transaction.
- Wait for Confirmation: Crypto transactions typically take a few minutes to an hour to process, depending on the currency and network traffic. Once confirmed, your deposit will appear in your betting account. You may receive a confirmation email or notification.
- Begin Betting:
Once the deposit is processed, you’re all set to place bets and start using your crypto funds.
How to Withdraw with Crypto at US Betting Sites
- Login to Your Betting Account:
Use your credentials to log in to your betting site account.
- Go to the Withdrawal Section:
Navigate to the cashier or banking section, where you will find the withdrawal options. Choose the cryptocurrency you wish to withdraw. Common options include Bitcoin, Ethereum, and Litecoin.
- Enter the Withdrawal Amount:
Enter the amount of cryptocurrency you wish to withdraw. Some sites may have a minimum or maximum withdrawal limit for crypto. Double-check the amount you wish to withdraw, and make sure it matches your intended amount.
- Provide Your Crypto Wallet Address:
You’ll be asked to provide a wallet address where the funds will be sent. Open your wallet and copy your receiving address. Paste the wallet address into the withdrawal page on the betting site.
- Confirm the Withdrawal:
Ensure all details, including the wallet address and withdrawal amount, are correct. Many sites will offer you a chance to review the information before proceeding. Once everything looks good, confirm your withdrawal. Some betting sites may require you to enter an additional security code or use two-factor authentication (2FA) for added security.
- Wait for Processing:
Crypto withdrawals typically process within 24 hours, but this can vary depending on the site and the cryptocurrency used. For example, Bitcoin withdrawals might take a little longer during times of network congestion. Most sites will not charge withdrawal fees, but network fees may apply, which are separate from the betting site fees.
- Receive Your Funds:
Once the withdrawal is confirmed, the funds will be transferred to your wallet. Depending on network speed, this can take anywhere from a few minutes to an hour.
- Verify and Use Funds:
After the funds are received, you can verify them in your wallet. You are now free to use the cryptocurrency elsewhere or exchange it for fiat currency if needed.
Crypto Fees
When using cryptocurrency to deposit or withdraw at US betting sites, there are several types of fees to consider. Typically, the betting site itself may not charge fees for deposits or withdrawals, but
network fees
(also known as
miner fees) are common. These fees are determined by the blockchain network of the specific cryptocurrency you are using, not by the betting site.
- Transaction Fees: Most cryptocurrencies have network fees (also called “gas fees”), which are paid to miners for processing transactions. These can vary depending on the currency used and the network congestion.
- Deposit Fees: Many US betting sites do not charge fees for crypto deposits. However, certain platforms may add a small fee for processing.
- Withdrawal Fees: Some sportsbooks may charge a withdrawal fee for crypto, though many do not. If charged, it typically covers transaction processing.
- Conversion Fees: If a site requires you to convert your cryptocurrency to fiat for betting, you might incur an additional fee for the conversion.
| Fee type | Cryptocurrency example | Description |
|
Transaction fees
| Bitcoin, Ethereum
| Fees paid to miners; varies with network congestion
|
|
Deposit fees
| All major coins
| Generally, no fees for deposits, but some sites may charge
|
|
Withdrawal fees
| Bitcoin, Litecoin
| Some sites charge a small fee; often none for crypto withdrawals
|
|
Conversion fees
| Bitcoin, Ethereum
| Fees may apply for currency conversion on some sites
|
Crypto Bonuses
Many US betting sites offer attractive bonuses to players who use cryptocurrency as their payment method. These
betting promotions
are often larger than traditional deposit bonuses and can be claimed easily when depositing with digital currencies like Bitcoin, Ethereum, or Litecoin.
Best Crypto Betting Apps
For those looking to enhance their experience with top-rated sports betting apps, the best options offer smooth navigation, reliable odds, and convenient mobile access. Whether you’re after the latest bet app for quick plays or the overall best sports betting app for diverse betting markets, these guides highlight excellent choices for betting on the go.
CoinPoker
CoinPoker stands out as a top-tier poker app for cryptocurrency bettors, offering a user-friendly platform with instant withdrawals powered by crypto. Players can enjoy a wide range of poker games, including high-stakes options and daily tournaments with prizes. The app offers a generous
150% deposit bonus up to $2,000, unlocking in stages as you generate rake. Known for its excellent customer service and strong security features, CoinPoker provides an excellent experience for both new and seasoned players.
Betpanda.io
Betpanda.io is a unique app offering a massive
100% bonus up to 1 BTC
with no minimum deposit requirement. The platform supports a wide range of cryptocurrencies, including Bitcoin and Ethereum, and allows for anonymous gambling without the need for KYC checks. Betpanda.io is integrated with the Bitcoin Lightning Network, ensuring fast and fee-free transactions. It also features a broad selection of casino games and sports betting options, making it ideal for crypto enthusiasts.
Instant Casino
Instant Casino delivers a fast and secure betting experience, with withdrawals processed instantly. Players can enjoy a wide variety of slots, table games, and live dealer options. The app offers a unique
10% weekly cashback
promotion, which is wager-free and can be withdrawn without restrictions. Despite not offering a welcome bonus, the app caters to high-stakes players, making it an attractive option for VIP bettors.
How Does Cryptocurrency Work?
Cryptocurrency is a digital or virtual currency that relies on cryptographic technology to secure transactions and manage new units’ creation, making it a decentralized payment method. Transactions are recorded on a public ledger called the blockchain, which operates independently of traditional financial institutions. Users can buy, sell, and transfer cryptocurrencies like Bitcoin, Ethereum, and Litecoin using wallet addresses. These wallets are either software or hardware-based, keeping a user’s crypto assets secure and accessible.
Cryptocurrency payments provide high transaction speed and security, but they can be subject to value volatility. Once transferred, these payments are typically irreversible, offering a high level of trust in transactions but requiring care when sending funds.
How to Create an Account / Register with Crypto
To get started with cryptocurrency:
- Choose a Crypto Wallet: Select a wallet type that suits you, such as a mobile app, desktop wallet, or hardware wallet. Wallets like Coinbase, MetaMask, and Trust Wallet are popular for beginners.
- Register and Secure Your Wallet: Follow the wallet provider’s instructions to set up an account, if applicable, and create a strong password and backup phrase to secure your wallet.
- Buy Cryptocurrency: You can purchase crypto through exchanges like Binance, Coinbase, or Kraken. Link your bank account or use a credit/debit card if permitted, and buy your preferred cryptocurrency.
- Transfer Funds: To fund your wallet, complete a transfer from the exchange to your wallet’s public address. Copy and paste the address to avoid errors.
- Transact with Crypto: You can now use your wallet to send payments or receive funds, often by entering a wallet address and confirming the transaction.
Cryptocurrency History
In 1998, Wei Dai introduced b-money, a theoretical system for digital currency that was widely cited as a precursor to modern cryptocurrencies. However, it wasn’t until 2008 that the foundational technology behind cryptocurrencies emerged with the publication of the Bitcoin whitepaper by the mysterious figure Satoshi Nakamoto. Bitcoin was launched in 2009 as the first decentralized cryptocurrency, utilizing blockchain technology to enable peer-to-peer transactions without the need for intermediaries like banks.
Bitcoin’s early years were marked by slow adoption and use primarily within niche communities, including cryptographers, tech enthusiasts, and people looking for anonymous transactions. However, its price began to rise in the early 2010s, attracting attention from investors and mainstream media. This growth also inspired the development of other cryptocurrencies, such as Litecoin (2011) and Ripple (2012), each offering distinct features and improvements over Bitcoin’s initial design.
The real tipping point came in 2017, when cryptocurrencies gained massive public attention, driven by a surge in Bitcoin’s price and the advent of Initial Coin Offerings (ICOs). The ICO boom allowed many new digital currencies to enter the market, although this period also saw its share of scams and market volatility. Despite challenges like regulatory hurdles, scams, and occasional market crashes, the interest in cryptocurrencies persisted.
Pros and Cons of Betting with Crypto
Pros and Cons
- Enhanced Privacy
- Low Fees
- Quick Transactions
- Exclusive Bonuses
- Volatile value
- Limited Support
- Complexity
How Safe Is Crypto for Online Betting?
Cryptocurrency can be safe for online betting if used carefully. Follow these tips to maximize safety:
- Stick to Regulated Operators: Use licensed betting platforms with established reputations.
- Secure Connection: Always use a secure, private internet connection to protect your data.
- Enable Wallet Security: Activate two-factor authentication (2FA) and safeguard your wallet’s private keys.
- Monitor Exchange Rates: Be mindful of price volatility and transfer amounts accordingly.
- Use Trusted Wallets: Opt for reputable wallets with good security features.
- Check Transaction Details: Double-check all wallet addresses before confirming transactions to avoid errors.
How We Rate Crypto Betting Sites
When evaluating crypto betting sites, we follow a strict process to ensure that only the best operators make it onto our list. Here are the five criteria we use to assess and rate these sites:
Security is paramount when it comes to online betting. We make sure that a site is fully licensed to operate in the states where it accepts bets. In the US, it’s crucial that operators hold a state-issued license to be legally compliant. Furthermore, we prioritize the security measures in place, such as SSL encryption technology, two-factor authentication, and robust data protection practices to keep your personal and financial information safe.
The flexibility of payment methods is another key factor in our rating system. We look for crypto betting sites that offer a variety of options for depositing and withdrawing funds. No transaction fees, fast processing times, and multiple options for both deposits and withdrawals are crucial. We also consider the limits on deposits and withdrawals to ensure that they are reasonable and accessible to all types of players.
A great welcome bonus can make a significant difference when starting your online betting journey. We carefully review and test each site’s bonus offers to ensure they are worth your while. This includes risk-free bets, matched deposit offers, and free spins. We make sure to check the fine print to verify that the bonuses are easy to claim and have fair terms and conditions.
4. Game and Betting Market Variety
The variety and quality of games or betting markets are essential. We assess whether the site provides a wide selection of betting markets, including popular sports like football, basketball, and baseball. For online casinos, we focus on the availability of games from top-tier software providers. A high-quality, diverse selection ensures that players can enjoy their betting experience to the fullest.
Excellent customer support is crucial for any betting platform. We test customer service channels, such as live chat, email, and phone support, to ensure that players can get help quickly when needed. Sites that offer 24/7 support, quick response times, and knowledgeable staff receive higher ratings. Customer support is especially important in cases of transaction issues or questions regarding bonuses and payouts.
Best Crypto Alternatives
When looking for alternatives to crypto for online betting, several options are available. Here, we compare three popular alternatives to cryptocurrency: Credit Cards, ECheck, and PayPal. Below, we compare their waiting times, fees, and usability.
- How It Works: If you’re looking for a reliable and widely accepted payment option,
Credit Card betting sites
offer a secure way to fund your account.Credit cards like Visa, MasterCard, and American Express offer a straightforward process, requiring you to input your card details into the payment gateway.
- Waiting Times: Deposits are nearly instant, but withdrawals can take several days as many casinos do not offer credit card withdrawals, especially for US users.
- Fees: Generally, credit card payments come with no extra fees for deposits, but some casinos may charge for withdrawals.
- Usability: Credit cards are convenient and widely accepted, making them a popular choice. However, they require personal information, which some users prefer to avoid for privacy reasons.
- Comparison: While crypto transactions are anonymous and faster, credit card payments offer a well-established method, though they are less convenient when it comes to withdrawing.
- How It Works: ECheck payments involve transferring funds electronically from your bank account directly to your casino or sportsbook account. This method requires you to input your bank’s routing and account numbers.
- Waiting Times: ECheck deposits can take 3-5 days before funds are available in your betting account. Withdrawals can also take several days to process, making it a slower option.
- Fees: There are typically no fees for making ECheck deposits, though there may be small fees for withdrawals depending on the site.
- Usability: While it provides a direct transfer from your bank account, it requires sharing more personal financial information. It’s also not as widely accepted at online betting sites as crypto is.
- Comparison: ECheck payments are slower than crypto transactions, with a lengthy processing time. They also require more personal information, which makes them less private than crypto.
- How It Works: PayPal is an e-wallet service that allows you to deposit and withdraw funds from your betting account using your PayPal account. Many players prefer using PayPal for its fast and secure transactions, making
PayPal betting sites
a popular choice for online betting.
- Waiting Times: PayPal deposits are instant, and withdrawals typically take 1-2 business days, which is faster than ECheck and often on par with crypto in terms of withdrawal speed.
- Fees: PayPal generally doesn’t charge for deposits but may charge fees for withdrawals, especially if currency conversion is involved. Some casinos may also charge for withdrawals.
- Usability: PayPal is a highly trusted and user-friendly payment method that doesn’t require sharing personal banking details. It’s accepted by many online betting sites globally.
- Comparison: PayPal offers a balance between convenience, speed, and security. It’s faster than ECheck but slower than crypto, and it involves some fees for certain transactions.
Conclusion
Crypto is rapidly gaining ground as a preferred payment method in the world of online betting, particularly for those looking for fast and secure transactions. While cryptocurrencies offer advantages like anonymity, low fees, and instant withdrawals, they come with some challenges, especially for beginners or those in jurisdictions with unclear regulations. The good news is that there are plenty of reputable, licensed gambling sites in the US offering secure and convenient payment methods such as PayPal, Visa, and Play+, which provide an excellent alternative to crypto without the risks of volatility or limited availability.
Explore trusted gambling sites that support secure payment methods and find the best operators through our in-depth reviews at TheGruelingTruth.com.
Crypto Betting FAQs
💰 What are the advantages of using crypto for online betting?
Crypto offers several benefits for online betting. It provides fast transactions, low fees, and enhanced privacy since many cryptocurrencies allow for anonymous transactions. Cryptocurrencies like Bitcoin and Ethereum are also widely accepted, making them convenient for many bettors. Additionally, withdrawals can be processed instantly (depending on the platform), and some sites offer crypto-exclusive bonuses or promotions.
🔒 Are crypto betting sites safe to use?
Yes, crypto betting sites can be safe to use, provided they are licensed and regulated. Look for platforms that use SSL encryption, two-factor authentication (2FA), and clear privacy policies. Licensed sites that are regulated by respected authorities ensure that your funds and data are protected. However, as with any online service, it’s essential to do your research and only use trustworthy operators.
⏱ How long does it take for crypto withdrawals?
Crypto withdrawals are typically instant or can take up to 24 hours, depending on the site’s verification procedures and blockchain congestion. While traditional payment methods like bank transfers or e-wallets might take a few days, crypto transactions are generally processed much faster. However, ensure the platform you use has a fast withdrawal process to avoid unnecessary delays.
⚖️ Is it legal to use crypto for betting in the US?
The legality of crypto for betting in the US depends on the state you are in. While some states have legalized crypto for gambling purposes, others have more stringent regulations. As of now, regulated crypto betting is allowed in several states, such as New Jersey and Pennsylvania. It’s crucial to always check the local laws of your state before using crypto for online betting.
💸 Can I claim bonuses using crypto as a payment method?
Yes, many betting sites offer exclusive bonuses for crypto users. These bonuses can include welcome bonuses, free spins, and deposit matches. Some sites even offer higher percentages or extra rewards for depositing with cryptocurrencies like Bitcoin, Ethereum, and others. However, be sure to read the terms and conditions to check if there are any wagering requirements or restrictions when using crypto for bonuses. Several sites also run special promotions for crypto bettors, so always look out for these deals to maximize your rewards.
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