Bitcoin Sportsbooks + Sports Betting Sites
Bitcoin has taken the online sports community by storm, becoming one of the most trusted banking methods across all sportsbooks. Bitcoin is an online currency created in 2009 that is maintained by a peer-to-peer network rather than a centralized banking institution. The currency is completely electronic, and the system is a whole in anonymous. This means that there is an extra level of security when it comes to divulging your personal information. Online sports betting sites process these transactions securely and instantly apply or transfer Bitcoins into your account.
The use of Bitcoins is highly recommended for US players in particular due to banking laws that can complicate financial transactions from time to time. The majority of the best online US sports betting sites now refer to themselves as Bitcoin sportsbooks with the widespread acceptance of the currency. You can read more about your state’s individual laws by visiting one of our State Sports Betting pages, but for now, we can give you a breakdown of how deposits and withdrawals work when using Bitcoins.
Current Sports Betting States
- Arizona
- Arkansas
- Colorado
- Connecticut
- Delaware
- Illinois
- Indiana
- Iowa
- Louisiana
- Michigan
- Mississippi
- Montana
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Oregon
- Pennsylvania
- Rhode Island
- South Dakota
- Tennessee
- Virginia
- Washington
- Washington, D.C.
- West Virginia
- Wyoming
Making Bitcoin Deposits At USA Online Sportsbooks
Your first deposit at a Bitcoin sportsbook can be completed in a few easy steps. You will need a Bitcoin account, though if you have an existing Bitcoin wallet you will not need to create a new one. From there, the entire process will only take a few moments and you can be off to wagering on your favorite sporting events. Below we have provided an easy step-by-step tutorial on how to make a Bitcoin deposit.
- Login to your preferred online sportsbook. Some of the top recommended sites are BetOnline, Bovada, and SportsBetting. Once logged in, select the Cashier button.
- Go to the Deposit section and select Bitcoin from the deposit options
- Specify the amount that you would like to send to your sportsbook account, and click the Next button. The cashier will provide you with the sportsbook’s Bitcoin wallet address.
- Visit the Bitcoin site and send the previously specified amount of money to the book. Within 30 minutes or less, the money will be credited to your account and you can begin wagering!
What Are The Bitcoin Deposit Limits?
Each online sportsbook that you visit will have limits set on the amount of money that you can deposit via Bitcoin. Bovada, SportsBetting, and BetOnline all have a $20 minimum and $5,000 maximum on Bitcoin deposits. 5Dimes, on the other hand, requires a deposit of at least $25, but generally allows multiple deposits of up to $10,000 to be made. By speaking to customer service, many sports betting sites will allow these limits to be adjusted based on your needs.
How Do I Request A Bitcoin Withdrawal?
Bitcoin withdrawals are just as easy to request as Bitcoin deposits. When you want to withdraw your funds from a sports betting site, all you have to do is go to the Cashier section of the book and choose Bitcoin as your method of choice. They’ll provide the withdrawable funds you have in your account there in the Cashier section. You’ll have to fill out some basic information, like your wallet address, first and last name, and some pertinent security information. From there, it takes some time to process the request. Depending on the sportsbook you use, there are certain times that payout requests are processed. After everything has been checked out, your Bitcoin account will be funded within 24-48 hours.
Which Sportsbooks Support Bitcoin Withdrawals?
Below, we’ve compiled a list of the best sportsbooks that use Bitcoin for both withdrawals. We’ve also pulled together their fees, min/max requirements, how often you can request a Bitcoin withdrawal, and how long it takes to reach you. These are all sports betting sites available in states that allow sports betting to US residents and are safe, legal, and easy to use.
Bovada
- Fees: Bovada provides one free payout per month, but after that, charges a $50 processing fee for every subsequent withdrawal made in the same 30 day period.
- Processing Time: Bovada takes anywhere from a few moments to several hours to process the request, which can be made at any time of the day. Once it is processed, your withdrawal will reach your Bitcoin wallet within 2-6 hours.
- Min: $20
- Max: $9,500
SportsBetting
- Fees: SportsBetting charges 2% of your total payout as a processing fee. Once every 30 days, SportsBetting provides a $50 waiver to be used to cover processing fees. In order to have the $50 credit applied, your payout must be made on a Friday prior to 1 pm EST.
- Processing Time: It can take up to 24 hours to process a payout request, and another 48 for the funds to reach your account.
- Frequency of Withdrawal: No Restrictions on the frequency of withdrawals
- Min: $20
- Max: $5,000
BetOnline
- Fees: BetOnline charges a 2% processing fee for Bitcoin users. The 2% is assessed on the total amount of the requested payout. Once every calendar month, BetOnline waives its fees.
- Processing Time: It can take up to 24 hours to process a payout request, and another 48 for the funds to reach your account.
- Frequency of Withdrawal: No Restrictions on the frequency of withdrawals
- Min: $20
- Max: $5,000
