Bitcoin Betting or How to Bet With Crypto?

How to bet with cryptocurrencies

Betting and bookmaking have long since become a great source of income for some people. Sports games, casino games, video game competitions – whatever you usually bet on, you can also do it with Bitcoin. How? This guide is dedicated to Bitcoin betting: we will find out how exactly to bet using crypto, and what are the best websites for it.

How to Bet With Bitcoin: Step-by-step guide

If you want to make a bet using Bitcoin or any other crypto, be prepared to take a few extra steps, e.g. creating of wallet. All the rest is the same as if you were making a regular online bet. So, how to start betting with crypto?

  1. Create a crypto wallet (desktop, mobile, or web – chose whatever fits you best).
  2. Buy BTC or the cryptocurrency you want to use. If you want to buy Bitcoin with a credit card instantly, use Changelly service: it allows you to purchase crypto instantly and with the lowest fees on the market.
  3. Register on a betting website.
  4. Go through the verification procedure, if necessary.
  5. Transfer crypto to your account.
  6. Make a bet using crypto. 

Before trying your luck and making a bet with crypto we recommend to research different crypto betting platforms. We will be reviewing the best ones in this article. Please note that even though many platforms support a variety of different cryptocurrencies, 80% of bets are made with Bitcoin, so it is the primary currency on the majority of such websites. 

Top 5 Bitcoin Betting Platforms

What can you bet on with crypto? Well, most crypto betting platforms focus on sports. However, no matter what your passion is – TV series, casino games, video games – you will always find a website where you can make a bet on it and come up with your own predictions for it.

Given the peer-to-peer nature of Bitcoin, you can bet on almost anything. Here is a small selection of the most popular things you can bet on with Bitcoin:

  • Sports (live and virtual), football, baseball or basketball, and many others – you can bet on any sport with crypto.
  • Cyber Sports (video games). Bitcoin is becoming an increasingly common phenomenon in the field of electronic sports betting. Whether you want to put your crypto on CS: GO, LoL or World of Tanks, there are sites where you will find everything you need. 
  • Casino. There is a wide range of online casinos that accept Bitcoin. You can play almost all the games available in a regular casino, from poker to blackjack, from bingo to lottery games.
  • Politics. Some websites allow you to bet crypto on the results of elections and major polls around the world.
  • Economy / Stocks. You can speculate on economic indicators and various stocks using crypto.
  • Weather. There are even websites that allow you to bet on weather with Bitcoin. Can you predict a rainfall? Feel free to bet on it!
  • Online games and lotteries. Well, this one is obvious: if you can play lottery with real money, then why not do it with crypto?

Let’s go over the largest and most reliable crypto betting websites. 

1. Cloudbet

The platform was founded in 2013 and has quickly become a real hit. It features both an online casino and betting website, and it even also provides a lot of valuable information for crypto enthusiasts. What are the reasons to bet with crypto on Cloudbet?

  1. Anonymity. The website does not control the transfer of funds, which gives the user complete freedom. Customers are protected from personal information disclosure by the bookmaker. Registration on the site takes minutes, and submission of personal data is not mandatory.
  2. Low commissions. Conventional payment systems withdraw money for transactions. But payments in Bitcoins allow you to avoid unjustified expenses.
  3. Speed. Withdrawing funds to a bank card often takes several hours or even days. Cryptocurrency transactions are instant. Bitcoins are transferred to your wallet account immediately after winning and are instantly available for further operations. You will not have any problems with the withdrawal of funds to your wallet.
  4. Reliability. Cloudbet has been in the market for more than 5 years and has established itself as a reliable and responsible service. The customer support team is available 24/7, so feel free to ask them any questions that arise. 
  5. Generous bonuses. After registration, new customers immediately receive a 100% deposit bonus of up to 5 BTC. In addition to this, Cloudbet Casino has daily promotions that allow you to take less risk and win more.
Cloudbet interface
Cloudbet interface

2. BetOnline

BetOnline is one of the most prevalent crypto betting sites in the US despite the fact that it’s open around the world. Since its launch in 2004, BetOnline has gained a reputation for being one of the few Bitcoin sports wagering sites that offer decent client security and the full legislative compliance of a US casino. 

Why is this betting website highly recommended?

  • On BetOnline, various sports and live betting options are available. 
  • Aside from BTC, you can use BCH, XRP, ETH, LTC – and that’s only the tip of the iceberg. 
  • Accessible around the world. Despite the fact that it works mostly with the US users, BetOnline additionally invites punters from all over the world (Canada, UK, and so on). 
  • High rewards when betting with Bitcoin. 
  • Excellent customer security (the support service is available via live chat and phone). 
  • A lot of gambling games are available (poker, blackjack, and slots). 
BetOnline interface
BetOnline interface

3. OneHash

Unlike fixed-odd wagering platforms where your rewards are determined by the odds set by the experts, the sum you win in a OneHash wager is dictated by the pool that was accumulated preceding the occasion. Every winner gets a pay out from that pool according to their stake in it. 

New players can receive a welcome bonus that can be worth up to 1 BTC depending on the deposit sum. The reward is opened each time you make a wager: the sum unlocked is attached to the payout coefficient of the bet. 

OneHash also specializes on mutual bets. That implies you can just wager on a solitary occasion at once, with wagers on outright results being by far the most popular and gathering the biggest pools. You can also bet on such things as the number of goals/points in a game. The minimum sum you can bet on Bitcoin sports betting is 0.0001 BTC.

Competitive advantages of OneHash include:

  • Mutual betting available;
  • User-friendly, clear interface;
  • Bets can be made without account creation;
  • English, Spanish, Portuguese, Russian, Mandarin Chinese, and French languages are supported;
  • 24/7 customer support is available.
OneHash interface
OneHash interface

4. Nitrogen

Nitrogen is great in terms of anonymity: the user doesn’t need to create an account. However, its rewards and special offers are considerably more restricted than those of its rivals. The site offers a free wager that can be added to your betslip when concluding your wagers. There’s also a monthly parlay jackpot. 

There are three classes of wagers: heavyweight, middleweight, and featherweight, depending upon the value of the stake. The best seven players from each leaderboard split the assets put aside from the parlays. 

Nitrogen support betting on various live sports, allows players to bet on esports, so you can try your hand at CSGO Bitcoin betting, or go for any other mainstream video game. The minimum bet you can place is 0.0001 BTC, while the highest one depends on the event. 

If you decide to register on the website, Nitrogen Sports recommends you to apply an extra layer of security to your record by utilizing a two-factor verification program like Google Authenticator. All clients have one free withdrawal every week. The minimum withdrawal amount is 0.001 BTC, and the payments are instant. 

Advantages of Nitrogen:

  • Anonymous betting is possible;
  • A huge selection of sports;
  • Free deposits and withdrawals;
  • Monthly competitions and jackpots.
Nitrogen interface
Nitrogen interface

5. 1xBit

Remember we mentioned betting on weather? If you’re interested, register on 1xBit! This website is the leader for the number of betting options as the options they offer extend far beyond sports. There are over 1,500 bets available!

Each time you put down a wager on 1xBit, you acquire extra bonuses. The number depends on your stake and the odds of your wager. You can exchange these points for money or promotion codes with free wagers, a list of which can be found on the website. 

The welcome deposit bonus can be as high as 1 BTC. 1xBit additionally offers a variety of special bet promotions. This Bitcoin betting website also offers P2P wagers on single occasions without the requirement for a bookie to cover the bet. You can make single, accumulator, and system wagers, or any kinds of popular bets. We advise you to check out the 1xBit’s Advancebet limited time offer.

Advantages of 1xBit:

  • Huge selection of betting options;
  • Generous bonuses;
  • A lot of cryptocurrencies are supported;
  • Unique betting types are available;
  • Mobile app for iOS and Android.
1xBit interface
1xBit interface

Summary 

With a cryptocurrency betting platform, you can multiply your crypto riches in a couple of clicks. There’s a myriad of betting options available, and the best websites provide great bonuses for newbies. So, if you are feeling lucky, try a crypto betting platform – at the very least, it is sure to be a fun experience.

Before you register and deposit your hard-earned crypto funds, do your own research so as to ensure that the platform you have chosen is reliable and fair!

Disclaimer: The opinion expressed in this article is not investment advice: the reviews are provided for informational purposes only. Every cryptocurrency investment and betting in particular carries some risk, so you should always make your own research prior to registering on cryptocurrency betting platforms. 

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