Legal Bitcoin Sports Betting In 2023
We teach US gamblers how to bet on sports legally in the United States using Bitcoin cryptocurrency.
Legal Bitcoin gambling extends to online sportsbooks. With Bitcoin sportsbooks, bettors have access to sports betting lines from around the world. Sports betting is a billion-dollar industry worldwide.
Bettors can combine their sports fandom and knowledge with gambling to profit off something they already love.
Legal Bitcoin betting is possible through these exclusive sportsbooks. Each of the sites listed in this guide are operating legally within the industry. They accept players from all over the world and feature special bonuses and promotions for Bitcoin users.
Here we deliver information on the best Bitcoin sports betting options. Many online sports betting sites exist, but not all accept Bitcoin. You will find plenty of useful information regarding Bitcoin sports betting, including the available betting lines, how the sportsbooks operate and how the popular cryptocurrency fits into it all.
Is Bitcoin Sports Betting Legal In The US?
The same laws apply to Bitcoin sports betting as all to other types of online wagering. US law makes it illegal to own or operate an online sportsbook in the United States. However the laws do not make the act of placing a wager illegal, nor do they have any jurisdiction of international sportsbooks operating overseas.
Best Online Bitcoin Sportsbook For THe Year 2023
Bovada Sportsbook & Casino
Up To $750 In Bitcoin Bonuses
Bovada is our go-to Bitcoin sportsbook for USA residents. They offer a strong selection of betting lines, odds, and game lines comparable with the Vegas bookmakers. They also have a nice array of wagering options, and they accept Zelle-to-Bitcoin funding to make it even easier to use Bitcoin for betting online.
Bovada's base of operations is located in Costa Rica, a legal gaming district that grants them the ability to serve US-based Bitcoin gamblers over the web. They've been the top name in online gaming for over a decade and continue to hold that spot with superior customer service.
New players can claim up to $750 in Bitcoin bonus money for sports betting and up to $3,750 in Bitcoin casino bonuses.
Accepts USA players from most states
Additional bonuses when using Bitcoin
Over a decade of top-rated service
One of the first sportsbooks to start accepting Bitcoin - so they know what they are doing
Known for fast, efficient payouts
Only US, Mexico and Brazil players accepted
Residents of DE, MD, NJ, NV, NY not accepted
Top Rated USA Online Sportsbooks Accepting Bitcoin
The following list of sportsbooks all accept Bitcoin and are brands we consider to be the most trusted and leaders in the industry. They all offer same day payouts via BTC and offer huge welcome bonuses and ongoing perks to keep loyal players happy. And unlike a lot of the fly by night Bitcoin sportsbooks on the web, these sites are actually legally authorized and hold the industry's most respected certifications.
So with all the choices out there, just make sure you use a little common sense and don't get taken for a ride by some rogue site just just because they offer Bitcoin deposits and payouts. All the big sites accept it these days and to be totally honest, there just isn't much upside to playing with some of the lesser known sites that don't have a proven track record for being fair and honest.
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How TO Bet On Sports With Bitcoin - A Video Tutorial
Are Bitcoin Sportsbooks Legitimate?
Yes. The Bitcoin sports betting sites listed in this guide are all safe, legal, and legit. Each site is overseen by a respected international gaming commission and is regularly audited by recognized industry watchdogs. This holds sportsbooks accountable and creates a fair, bettor-friendly environment.
Do These Sportsbooks Offer Any Special Bonuses Or Perks?
Yes, all online gambling sites typically offer some very generous promotions to new players. It's how they compete with one another for your business. In addition most of the sites we recommend offer extra bonuses for using Bitcoin. Some even double their standard offer.
Are Bitcoin Sportsbooks Generally Safe To Use?
Yes. The cryptocurrency is inherently secure by its design. Transactions are processed through the blockchain by Bitcoin miners. The only information required for transactions are the digital addresses associated with the user and the casino.
Online sportsbooks already have their own security protocols in place, including data encryption and SSL to keep your information and connection secure. And we only recommend the biggest and most trusted sportsbook brands on our website which should give players the peace of mind knowing that they won't get stiffed.
Are BTC Deposits Anonymous?
Yes. When making a deposit into a Bitcoin sportsbook, all you need to enter is your wallet address and the address of the legal Bitcoin casinos you want to deposit with. Bitcoin transaction data is stored in the blockchain, but the only bits of information saved are the aforementioned digital addresses and the amount sent. Anonymity is a valued aspect of Bitcoin sports betting sites, though you must remember to use your real, verifiable personal information when setting up your account.
How Long Does It Take For Bitcoin Deposits To Get Confirmed On The Blockchain?
Bitcoin is the preferred transaction method at many online sportsbooks (even ones that are not Bitcoin exclusive). Online sports betting sites encourage using Bitcoin because it is the fastest transaction method regarding processing times. Once you issue a Bitcoin deposit, it has to be verified by a miner in the blockchain. This process usually takes a few minutes, meaning deposited funds will be available soon after making the deposit.
The blockchain can become bogged down with pending transactions and this can delay processing times, but there are enough miners to account for this. Withdrawals operate in exactly the same way. Payouts will be sent to your digital wallet address and will be available as soon as the transaction details have been verified by a miner.
It's important to note that some sites will deposit the funds into your real money balance after only 1 confirmation, while others may make the funds available after 5 confirmations. It varies from site to site.
How Long Do Bitcoin Deposits And Payouts Take?
Bitcoin is often the most recommended currency form for online gambling transactions. This is partly due to the speed of Bitcoin transactions. Once you have entered in your digital wallet information and sent off your deposit to the Bitcoin casino, your deposited funds should be available shortly after, if not instantly.
The transaction has to be verified by miners in the blockchain and this usually does not take long. Sites often will say your funds will be available within 24 hours as a sort of safety net, but they should be available within an hour. The same can be said regarding payouts. Online gambling sites promote Bitcoin as the fastest transaction method, and it's the only way to get same-day payouts from most reputable operators.
Can I Buy Bitcoin With PayPal?
At the end of 2020, PayPal gambling came to life when PayPal announced its support for Bitcoin and other cryptocurrencies. Users have been waiting years for this, and now that BTC PayPal support is here, that means that you can easily purchase Bitcoin using a service you already know, trust, and rely on regularly.
For sports betting purposes, there’s a snag to be aware of: At launch (Q3 2020), you are not able to send any BTC purchased with PayPal to external Bitcoin addresses. This means that sports bettors should wait on using PayPal’s new crypto-buying feature until that limitation is removed and stick with traditional exchanges for the time being.
Still, once PayPal allows outgoing transfers, you should absolutely use the service. At that time, to buy BTC with PayPal, simply log into your PayPal app, navigate to the crypto marketplace section, and select the Bitcoin option. Then, just enter in the amount of Bitcoin you’d like to buy and submit the form. After your BTC is credited to your PayPal account, you’ll be able to send your digital currency to anyone in the world, including legal online sports betting sites.
Going forward, on the off chance that regulators specifically prevent PayPal from approving outgoing transfers to legal online sportsbooks, you can still use PayPal to buy BTC. However, once you receive your funds, just transfer them to another exchange (Coinbase, Kraken, etc.) or a Bitcoin wallet before then sending them to your online bookmaker of choice.
Is Zelle The Fastest Way To Get Bitcoin?
Though Bitcoin deposits are fast at online sports betting sites, acquiring that BTC in the first place not only take time, but be a little confusing for some players. Most US Bitcoin users purchase their cryptocurrencies at buy-in sites like Coinbase, with the process taking up to 10 days to clear on your first purchase. When you want to bet on tonight’s ballgame, that’s not a very timely option. Using Zelle gambling deposits can get rid of that initial waiting period.
Fortunately, you can use Zelle to buy Bitcoin almost instantly. If you have an online or mobile bank account, you likely already have access to Zelle, which is a Venmo-like instant-pay service.
How Do I Convert My Bitcoins Into USD Cash?
There are multiple ways to convert your Bitcoin into real cash. One way is to sell your Bitcoins to a registered cryptocurrency vendor. These sites operate similar to eBay or another online marketplace service. All parts of the transaction are conducted between you and a buyer. Another method is an exchange service where you list the volume you wish to sell, the type of cryptocurrency, and how much you are trying to sell it for (i.e. Bittrex, Kraken, or Coinbase). The exchange service will take care of the rest for you.
Peer-to-peer trading marketplaces present another venue for cryptocurrency exchange, only these allow the possibility of Bitcoins being traded for goods and services. For example, someone could post a wish list of items they want from a site that does not accept Bitcoin.
The buyer would purchase those items and have them sent to the seller’s address in exchange for Bitcoin. In this instance, the peer-to-peer exchange site is more of a mediator between the two parties.
New for 2022: PayPal now supports Bitcoin buying, with selling and trading functions to be launched in the future. This means that you will likely be able to request your BTC payouts to be sent directly to your PayPal app sooner than later. Once credited to your PayPal account, you can then convert that Bitcoin to fiat currency (USD, CAD, etc.).
Are There Any Bitcoin Sportsbooks That Accept USA Players?
Yes. There are Bitcoin online sports betting sites that accept US players. In some cases, players from certain states are not permitted to access the sites, but there are alternative sites that accept residents from all 50 states.
What Kind Of Betting Lines Are Available?
When looking for a sports betting site, bettors want options. Our Bitcoin online sportsbooks have betting lines from sports and leagues from around the world. Some of the more popular betting lines are from the United States’ NFL, NBA, MLB, NHL and NCAA.
You can find betting lines from various football leagues, basketball leagues, soccer leagues and more. Most reputable sportsbooks also have betting lines from outside sports like eSports, darts, boxing/MMA, among others.
When Are Betting Lines Updated?
Betting lines are updated throughout the day depending on the site. Because lines can change at any time, be sure to place your wagers as soon as you come across any odds you like.
What Wagering Types Are Available?
Once you have deposited Bitcoin into your sportsbook account, you can begin placing wagers with your Bet Slip. Bettors can place regular point spread bets, or they can bet on the money line, place an over/under bet or prop bet. You have the option of placing single bets or combining the action with parlay bets. The different wagering types create an interesting sports betting environment that mixes things up for frequent bettors.
Are There Any Tips For Gambling With Bitcoin In 2023?
Yes. Experts suggest it is always better to use a downloadable Bitcoin wallet as opposed to an online version. You also have the option of having more than one BTC wallet. When purchasing Bitcoins, it is better to deal with an experienced seller that has a positive reputation (this is with peer-to-peer exchanges).
If you are using a cryptocurrency ATM, be sure to see if it has favorable reviews. Never use the same digital wallet address more than once. Most wallets automatically generate a new address for you with each transaction. If not, it is a good preventative measure to avoid hacks or other forms of fraud.
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Additional Main Sections On Our Website
Legal Betting Online - This is our homepage which is the main hub and entry point for everything we offer on the site. It's a general overview on the legal online gambling climate in the United States.
Legal Online Sports Betting - This section is a great resource for USA players who want to learn about the legalities of betting online sports in the United States.
Legal Online Casinos - This section of our website caters to casino players and offers all kinds of casino related articles.
Legal Online Poker - Poker players can learn about recent developments regarding the online poker climate in the US. We also rank and review all of the poker rooms that still accept American players.