The Best Crypto Betting Sites 2024

If you’re looking for the best crypto betting sites, they’re yet to arrive in the US, but we’ve covered all the information you need to know before they do. Cryptocurrencies have exploded in recent years, revolutionizing the financial landscape. They’ve become an increasingly popular option for online transactions, including certain types of betting sites located outside the US.

Cryptocurrency Sports Betting Explained

Cryptocurrencies aren’t currently an option at sportsbooks in the US. It is only since 2018 - when PASPA was overturned - that states have been able to push through legalization for online gambling itself. Using cryptocurrencies comes with a whole other set of regulatory and compliance challenges since they operate without a central authority. 

Nonetheless, cryptocurrencies can be used in other areas of online gaming, like at the best US sweepstakes casinos. We've already reviewed the available options and selected the best crypto sweepstakes casinos for you.

This is a positive sign that other iGaming platforms, like traditional online sportsbooks, will offer cryptocurrency as a payment method sometime in the future. 

Additionally, online betting sites around the world have navigated the regulatory complexities and begun accepting cryptocurrencies. So, it is not out of line to say that this could be the future of US sports betting.

The Best Crypto Betting Alternatives 2024

While there are no crypto sportsbooks, these operators accept a wide variety of payment methods.

What Are Cryptocurrencies?

Cryptocurrencies are digital currencies that, unlike fiat currencies, do not operate through a central authority like a government or a bank. Instead, they run on a decentralized network through blockchain technology. 

Over the past decade, crypto has skyrocketed in value, developing into an increasingly popular investment and payment option. Many businesses, including online betting sites, now accept crypto as a payment method. 

Bitcoin is considered the first cryptocurrency, having since become incredibly valuable, but many other coins, such as Ethereum, Ripple, and Litecoin, have been introduced and surged in popularity in recent years.

Why Choose a Cryptocurrency Sportsbook?

Cryptocurrencies are known for having the fastest withdrawals. Unlike traditional payment methods that complex banking systems can delay, crypto transactions bypass these and go directly from a platform to the player’s wallet through blockchain networks. Therefore, as soon as a sportsbook has processed your withdrawal, it’ll be in your wallet within minutes. 

Another benefit is the anonymity and privacy of cryptocurrencies. Bettors do not have to disclose sensitive financial information, and transactions will not appear on your bank statement. No personal information is connected to your wallet’s address. It is the perfect option for those who want to keep their betting confidential. As a decentralized currency, no bank or financial institution can freeze your account or block any betting transactions.

Cryptocurrencies provide a high level of security because they operate on blockchain technology. Transactions are encrypted and spread across multiple networks, which makes them nearly impossible to hack. Additionally, it is an international method since it is not tied to a specific country’s currency. There’s no need to change currency or pay any conversion fees. Generally, there are also lower fees involved compared to traditional payment methods. 

How To Deposit & Withdraw With Crypto Sports Betting Sites Will Look

Although cryptocurrencies aren’t available at US sportsbooks currently, they are available at sweepstakes casinos and at betting sites hosted in other countries. That means we have a decent idea of what the deposit and withdrawal process would look like in the future. It is a little more complex to use cryptocurrencies compared to other online payments, but the benefits they provide can be worth it.

1. Buying crypto

First off, you’ll have to purchase a cryptocurrency to start using it. Popular cryptocurrencies, like Bitcoin and Ethereum, can be bought with fiat currencies through exchanges like Coinbase, Binance, or Kraken. After this, you should move your crypto to a digital wallet for safety and so that you can start using it. Some operators will allow you to skip this step by buying directly from the market and sending it to them.

2. Choose a sportsbook.

While right now there are no sportsbooks that deal in crypto, you can still get familiar with what the top US sportsbooks have to offer since it's safe to assume that they'll be the first to introduce crypto as a payment option. To help you with this, we offer a helping hand. You can see our top US sportsbook recommendations as well as individual reviews for each of them and see if any of them would fit you.

3. Log in or sign up for an account.

After you’ve chosen a sportsbook, you can either log into an existing account or create a new one. If you create an account, you’ll have to provide personal information such as your full name, date of birth, email address, and sometimes your phone number. Many sportsbooks also ask for additional information, like your SSN, driver’s license, or utility bill, to confirm your identity and age. This is required of them by the law. I prefer to complete the verification at this stage, as it makes it easier to use the platform.

4. Deposit funds.

If you already have a sportsbook account, you can check under deposit or cashier if cryptocurrency is supported for payments. Right now, they are not. But once it happens, popular cryptocurrency options like Bitcoin or Ethereum will be offered. Usually, the sportsbook will provide you with a unique crypto address for your deposit. 

Then, you’ll need to access your crypto wallet and send funds by pasting the sportsbook’s crypto address as a receipt before entering the amount you want to deposit. Crypto transactions typically take a few minutes to process, and then you can start betting and exploring your sportsbook. What remains to be seen is who'll cover the "gas" fees or, to put it in simple terms, transactional fees. We'll have to wait and see about this one.

5. Withdraw your winnings.

When it comes to withdrawals, it'll be pretty simple. All you'll have to do is go to the withdrawal section on your sportsbook and select your preferred cryptocurrency. You’ll be asked to provide your cryptocurrency wallet address and enter your withdrawal amount. As soon as the sportsbook has processed your withdrawal, it will be in your wallet within minutes. 

Can I Claim Bonuses Using Cryptocurrencies?

Currently, US sportsbook bonuses cannot be claimed with cryptocurrencies. However, this may change in the future, as seen in the global betting scene. Some betting sites have dedicated crypto bonuses for their users, which could be likely for US sportsbooks.  

Full List of Betting Sites That Accept Cryptocurrencies

At the moment, there are no US sportsbooks that accept cryptocurrencies for betting, but there are other options you can explore. US sportsbooks offer various payment methods, so you’re sure to find one that suits you. Check out the available sportsbook payment methods and find the one that works for you.

How Does Cryptocurrency Compare To Other Payment Methods?

Check out how crypto compares to some of the more traditional methods below:

Why Should You Trust Us?

At WSN, we put ourselves in the shoes of the bettor, delving into each sportsbook and assessing the user experience. Our insights and opinions are our own, providing authentic and accurate content. This is engraved in our ratting method.

Our team’s expertise has grown alongside the development of the betting industry. We use this deep knowledge to examine each sportsbook in depth, examining its strengths and weaknesses and how it compares to competitors. We’ve assessed the deposit and withdrawal process at over 100 sportsbooks, so we know all the ins and outs of betting payments. Based on this, we can confidently recommend the best betting sites for each payment method.