Bitcoin (BTC) Gambling Guide For 2024
When it comes to online gambling deposits, Bitcoin (BTC) is the granddaddy of them all. Once BTC hit the scene back in 2009, it fundamentally changed the way online betting sites function on the financial end. Bitcoin gambling deposit methods offer enhanced privacy, world-class security, and are 100% guaranteed to go through on time, every time.
The benefits of online gambling with Bitcoin don’t stop there. In addition to taking the headache out of the deposit process itself, Bitcoin gambling banking also gives users better deposit and withdrawal limits, increased online betting bonuses, and access to same-day payouts. So while Bitcoin is still a new concept for many gamblers, our BTC gambling guide takes the “cryptic” out of crypto!
Why We Love BTC For Gambling
The Downsides
Overall Ranking For BTC
Best Online Bitcoin Gambling Sites For December, 2024
There are several advantages to using Bitcoin for your online gambling action, not the least of which are instant deposits and same-day payouts of your winnings, extremely secure transactions, and the chance that your BTC can even grow in value while it is sitting in your online gambling account. Buying BTC is easier than you may realize, and further down on the page we provide some good tips, tricks, and insight about where to buy BTC for online gambling.
Several of these BTC-friendly gambling sites offer additional VIP rewards program memberships for gamblers who use Bitcoin to fund their account and payout their winnings. Some sites offer enhanced BTC bonuses, higher betting limits, and exclusive access to using additional altcoins such as BSV.
- All
- Casino
- Poker
- Sports
Bovada Sportsbook 4.7
Bovada Casino 4.6
MyBookie Sportsbook 4.5
Cafe Casino 4.5
Bovada Poker 4.4
Slots LV Casino 4.4
BetOnline Sportsbook 4.2
Best Online Bitcoin Casinos For 2024
The first online gambling venues to start accepting BTC were the major international casino sites. They saw the Bitcoin future bearing down, and because BTC allowed these sites to give players a better, more secure, and more reliable way to make online gambling deposits despite the UIGEA banking regulation, it was only a matter of time before every notable online casino site hopped on the bandwagon.
For the best Bitcoin gambling, United States residents can choose any of the sites featured here to play real-money casino games online – safely and privately – without breaking any laws.
With Bitcoin casino gambling, you’ll also get enhanced casino bonuses and access to same-day payouts, making the hundreds of RNG electronic casino games and live-dealer casino tables at these venues that much more inviting.
Bovada Casino 4.6
Cafe Casino 4.5
Slots LV Casino 4.4
Best Online Bitcoin Sports Betting Sites For 2024
Sports betting has become incredibly popular since the US PASPA law was overturned in May 2018. But even as domestic US sportsbooks are popping up in numerous states, none of these venues can compete with the tried-and-true online sportsbooks that Americans have been gambling with for decades.
Also, domestic books aren’t even proper Bitcoin betting sites, as they support zero crypto deposit methods! If you want Bitcoin sports gambling, offshore is the only option. But it’s also the best sportsbook option, period.
Simply put, overseas online sportsbook sites offer more US and international sports markets, thousands of daily odds, custom prop builder tools, and all the Bitcoin sports betting and Bitcoin eSports betting you can handle. All the best offshore betting sites accepting Bitcoin are safe and legal to use for players aged 18 and up.
Sportsbooks often embrace crypto funding options more so than some of the casinos we are members at, so you'll also find alternatives to BTC such as Tron online gambling options, as well as Litecoin, Ethereum, Cardano, Shiba Inu, and many more. The specific options will vary by betting site.
Bovada Sportsbook 4.7
MyBookie Sportsbook 4.5
BetOnline Sportsbook 4.2
Best Online Bitcoin Poker Sites For 2024
All the online poker rooms we recommend are certified Bitcoin poker sites, as each operator fully supports the Bitcoin cryptocurrency. Bitcoin offshore poker allows players to get their accounts topped off quickly and reliably so they can join any cash table, Sit-N-Go poker game, or online poker tournament ASAP.
These events are available around the clock, but they’re on the clock, too, and most poker players can’t afford to wait for traditional deposit methods to clear.
Poker gambling using Bitcoin is fast, comes with increased BTC bonuses, and lets all players go all in all the time. If you’re ready to play right now and want access to the best online poker, Bitcoin is the easiest way to ante up. Talk about Texas Hodl ‘Em!
Bovada Poker 4.4
How To Make Bitcoin Gambling Deposits
Once you’ve bought your BTC and want to move it into your favorite gambling site, it’s the easiest deposit method to use. The process is simple, straightforward, and guaranteed. Bitcoin betting deposits can never be interrupted, intercepted, or otherwise delayed.
- Follow any link here to a legitimate Bitcoin online gambling operator and click the “Sign Up” or “Join” button.
- Enter in all required information as prompted. Remember, Bitcoin gambling is not anonymous, and all the top sites use industry-best KYC (Know Your Customer) protocols to protect your identity and your bankroll from unauthorized gambling.
- Select the Bitcoin option from your site’s deposit menu. You can also choose an optional BTC deposit bonus at this time.
- Copy down your site’s Bitcoin sending address.
- Using your Bitcoin exchange account or private Bitcoin wallet, select the “Send” option and paste the above address into the appropriate line.
- Enter in the Bitcoin amount you’d like to deposit and submit the form.
How To Claim Bitcoin Gambling Payouts
When it’s time to collect your winnings, Bitcoin allows you to claim same-day payouts. Remember, BTC and other supported crypto gambling options are the only banking methods that come with guaranteed same-day withdrawals.
- Navigate to your betting site’s cashier page and select Bitcoin from the crypto withdrawal menu.
- Open your exchange-based or private BTC wallet, select the “Receive” option, and copy down your Bitcoin receiving address.
- Back at your gambling site, paste the above BTC address into the recipient field.
- Enter in the amount of BTC you’d like to pull out.
- Submit your withdrawal request.
Bitcoin Gambling Bonuses for December, 2024, Transaction Fees, Wallets And Tips
Understanding Bitcoin Gambling Bonuses And Promotions
All the best online gambling operators offer valuable betting bonuses to new and returning members. When you accept a bonus, Bitcoin (and other supported cryptocurrencies) give players the best possible perks, as these are often worth 2-3 times more than bonuses attached to traditional deposit methods (i.e. Visa, Mastercard, bank wire, etc.).
All bonuses at the gambling websites we recommend come with fair, easy-to-meet rollover requirements (aka playthrough requirements), making them ideal for casual players and serious gamblers alike.
Remember: Bonuses are market specific. For example, a Bitcoin casino bonus applies only to online casino games, a Bitcoin sports betting bonus can only be used in the sportsbook (and racebook, where applicable), and a Bitcoin poker bonus is exclusively for online poker play.
Always be sure to accept the Bitcoin sign-up bonus or Bitcoin reload bonus that corresponds to the type of gambling in which you participate most often.
Bitcoin Transaction Fees And Speed Of Gambling Deposits
At all the top Bitcoin gambling sites, sports betting sites, and poker sites, Bitcoin transactions – as well as other crypto transactions – come with no added fees. Because there are no Bitcoin gambling fees, online gambling Bitcoin transfers let players get more – and bet more – for their money. Similarly, because BTC payouts have no added fees, you get to keep more of what you win!
That said, there are Bitcoin blockchain fees to be aware of. These are not charged by your BTC betting site but are instead built into the Bitcoin platform itself. These crypto fees are reasonable (albeit somewhat higher than the native fees for many other cryptos), but they do vary depending on the current Bitcoin value and market trading volume.
All BTC blockchain fees are clearly listed before you finalize your deposits and withdrawals.
Bitcoin transaction times typically take 30-60 minutes for deposits and may take up to three hours for withdrawals. Withdrawals often take only 30-60 minutes, but if your payout is particularly large, the gambling site may have to manually review and approve your request.
Best Bitcoin Wallets For Online Gambling
When gambling offshore, Bitcoin wallet solutions are highly recommended over keeping your BTC on the exchanges themselves. Bitcoin software wallets are the best option, as these are available as apps for iPhone, iPad, and Android (making them even more convenient for mobile online gambling).
For another layer of security, you can use a Bitcoin hardware wallet, though these encrypted USB devices come with a bit of a learning curve and a few added steps when moving BTC into and out of your gambling account.
We do not recommend using Bitcoin paper wallets for online gambling, as these are strictly for long-term offline cold storage.
- Bitcoin Software Wallets – Atomic, Electrum, Exodus, Mycelium
- Bitcoin Hardware Wallets – Ledger Nano S, Ledger Nano X, Trezor One, Trezor Model T
Bitcoin Deposit Method Tips And Tricks
If you choose the Bitcoin deposit method at any online casino, sports betting site, or poker room, there are a few “best practices” to be aware of. Bitcoin tips and tricks are a dime a dozen, of course, but we’re specifically discussing the cryptocurrency’s utility as a bet funding/payout option first and an investment avenue second.
As such, these are the top Bitcoin strategies to employ when using BTC for your legal online gambling activities:
- Buy Bitcoin when the average price is trending at a weekly or monthly low. Don’t get too carried away trying to nail the absolute lowest Bitcoin value before buying in, because it’s impossible to predict the future BTC price with any real accuracy. It’s enough that you simply don’t buy at or near the Bitcoin all-time high (ATH).
- Make your Bitcoin betting deposit when the average price of Bitcoin is similarly low. As a rule, you want to deposit your Bitcoin such that you’re able to deposit the most BTC as compared to your initial USD investment. If you deposit when the BTC value is high, you’ll deposit less Bitcoin, which greatly impacts the value of your bankroll when the market dips (and has a less desirable positive effect when the market spikes).
- Make sure your Bitcoin gambling deposit is credited in mBTC, not USD. When making BTC deposits, all the best online gambling sites let you credit your account in either mBTC (aka milliBitcoin) or USD. If you choose USD, you will not be able to see gains on your Bitcoin betting balance when the market goes up. Of course, if you deposit in USD, you won’t lose any bankroll value when the price of Bitcoin goes down. It’s a gamble, but gains are the goal!
- Pull out your Bitcoin betting winnings when the BTC average value is trending low. As with buying and depositing Bitcoin, you should make sure to claim BTC payouts when the market price is down. This lets you pull out more BTC for your equivalent “dollar” winnings, which gives you bigger potential gains on your Bitcoin holdings. You should do this no matter what initial deposit method you used, crypto or otherwise.
- Consider a different crypto payout method when requesting online gambling payouts. If you want to withdraw in BTC, you can do so anytime. However, BTC isn’t always the crypto with the best recent performance or potential. If you think a different cryptocurrency is about to pop off – and your site supports that crypto – it might be a good idea to withdraw your payouts using the altcoin in question.
- Mind the Bitcoin speeds and fees, as some other withdrawal methods may offer better value. As stated above, BTC transaction times and native BTC blockchain fees are among the highest in the industry. Only Ethereum is slower and more expensive to use. As such, to maximize your bankroll (and/or if immediate potential gains are less important), choose a betting crypto like Litecoin, Ripple, Cardano, or Stellar. These are faster and cheaper across the board, letting you keep more of what you win.
- Withdraw your Bitcoin to a private BTC wallet instead of to an exchange. Unless you plan to immediately convert your BTC payouts to another crypto currency that isn’t supported by your gambling operator, move your BTC into a private wallet off the major exchanges. Bitcoin exchange wallets do not give you full custody of your keys and are less secure than private wallets (see above).
- Report all Bitcoin transfers on your federal and/or state income taxes. This cannot be overstated. It is absolutely critical to report all crypto trades and transactions on your income taxes. Remember, just like gambling winnings, Bitcoin gains are not tax exempt. Nor is crypto a sort of legal “tax shelter.” As long as Uncle Sam gets his house take, you’ll get to keep the rest of yours.
- Do not cash out your Bitcoin. We repeat: Do not cash out your Bitcoin. Sure, if you have bills to pay and supplement your income with legal online gambling, you’ll want to cash out regularly. But unless you absolutely have to, don’t convert your Bitcoin to USD anytime soon. Bitcoin investment is almost certainly going to pay out much better than your online gambling wins over the long term, and hodling on for dear life is the best gamble you can make in the crypto market.
What Is Bitcoin Crypto-Currency?
Bitcoin is the world’s very first cryptocurrency, launched publicly in 2009. Bitcoin is sometimes denoted with the symbol ₿, though it’s most commonly listed with the Bitcoin stock ticker designation of BTC (and may be further broken up as mBTC, or milliBitcoin, especially when used for online gambling). As the first ever crypto coin, BTC was also the first crypto to be supported by the best online gambling sites.
Bitcoin operates on a highly energy-intensive and complex proof-of-work (PoW) algorithm, which has actually proved one of its biggest drawbacks as the crypto market has evolved over the years. While this makes it incredibly secure – Bitcoin is quantum-hacking-resistant! – it also makes it slow and expensive compared to more modern crypto coin gambling deposits (such as Bitcoin Cash deposits, Litecoin deposits, Cardano deposits, etc.).
Nevertheless, Bitcoin is considered the gold standard crypto coin, and it has by far the largest market cap of any other crypto platform. As of Q4 2021, the entire Bitcoin market is valued at over a trillion dollars, while the BTC price is hovering between $50,000 and $60,000 per coin.
Where To Buy Bitcoins To Use For Online Gambling
Before you can gamble with Bitcoin at any legitimate online casino, online sportsbook, or online poker site, you must first buy Bitcoin. For new users, this can seem daunting or intimidating, but it’s really quite easy.
In fact, if you’re looking for how to get Bitcoins, there are actually several different ways to do so:
Commercial Bitcoin Exchanges
The best and fastest way to buy Bitcoin is to use a commercial crypto exchange (Binance, Bittrex, Coinbase, Coinbase Pro, Kraken, etc.). These sites make Bitcoin investing and Bitcoin trading simple and straightforward. However, new exchange members will have to wait for up to 10 days before they can send Bitcoin off-platform to online gambling sites, making this a slower deposit method for those who want to bet right away.
Cash App-To-Bitcoin Method
If you’re a Cash App user, you can actually use Cash App to buy Bitcoin without any lengthy exchange wait times, and you can then send your BTC to your online gambling site more or less immediately. For Bitcoin sports betting, this is a great option, as it means you won’t miss out on tonight’s game or this weekend’s big matchup.
Zelle-To-Bitcoin Method
Similar to the Cash App Bitcoin option, US residents can use Zelle to buy Bitcoin via a private crypto exchange. While this requires coordination between buyers and sellers and is not automated like typical exchanges, it’s worth the effort when you want to get Bitcoin ASAP to make online gambling deposits.
Note: The Bitcoin real-time price is going to be slightly higher when buying BTC at an online crypto exchange.
Mining Bitcoin For Free BTC
Bitcoin mining used to be a legitimate and fun way for individuals to earn free Bitcoin by using their personal computers to verify BTC blocks. However, as BTC has aged, mining has become mostly inaccessible. You can still mine Bitcoin, but the competition from million-dollar data centers makes it much less compelling today.
Bitcoin FAQ's
Bitcoin Gambling FAQ's
Yes!
Bitcoin is legal and safe to use for all lawful transactions, including as a deposit and withdrawal method at the best online gambling casino, sportsbooks, and poker rooms.
We think so.
However, whether you should buy BTC specifically for online gambling instead of another crypto asset that your betting site supports is less clear and more dependent on your personal needs and expectations.
Remember, BTC is much better than typical deposit methods and payout options, but it’s not necessarily the best crypto gambling banking method for everyone.
Bitcoin is the most widely accepted online betting crypto deposit method, but several altcoins are now also accepted at almost all reputable Internet betting sites.
These include Bitcoin Cash, Ethereum, and Litecoin.
Many sites even support a menu of other coins in addition to the above.
In general, if you want the easiest bet funding method regardless of the site you choose, go with Bitcoin. However, other cryptos may prove more efficient, faster, and cheaper, and some may even have better short-term and medium-term investment potential.
No.
While you can use PayPal to buy Bitcoin right through the PayPal app itself, you cannot actually do anything with that Bitcoin.
PayPal Bitcoin support is limited to buying and selling within the PayPal ecosystem exclusively. In other words, Bitcoin PayPal support is only useful for BTC investing and cashing out to USD.
That said, you can now buy BTC with PayPal on Coinbase, where you can also use the popular P2P app to purchase many other cryptos and send them wherever you please.
No.
As with the PayPal-Bitcoin scheme, you can only use Venmo to buy Bitcoin and sell Bitcoin. You cannot trade it or send it off-platform.
Although this limitation may change in the future, for now, you should not buy any cryptocurrency with Venmo that you actually intend to send to any external wallet address, including those used by the best online gambling sites.
Very well, thank you!
To use Bitcoin at any reputable online gambling site, the first step is to convert USD to Bitcoin via any commercial exchange.
From there, you simply transfer your Bitcoin to the online betting operator of your choice, credit your account in mBTC or USD, and place your bets!
Bitcoin gives you the best limits, the best bonuses, and access to same-day payouts at every site we recommend.
General Bitcoin FAQ's
Because new Bitcoins are mined every time the network processes blocks of transactions, the number of BTC is growing constantly.
At the time of this writing (Q4 2021), there are approximately 18,900,000 BTC in existence (and fewer in actual circulation).
Every 10 minutes, 6.25 new Bitcoin are added to the global supply.
The current live Bitcoin price today is about $63,500 (October 2021).
This is very near the BTC ATH of $66,880 or so, which it reached on October 20, 2021. As such, new crypto gamblers may want to wait for a small dip before buying.
Of course, given the volatility of crypto in general and Bitcoin in particular, this BTC price could be dramatically lower – or higher! – by the time you read this.
Always base your Bitcoin purchases on weekly or monthly average prices and buy lower than higher when at all possible.
If you’re interested in how to make money with Bitcoin, Bitcoin mining might be something you’ve read about and are considering.
However, it’s basically too late to mine BTC that in earnest.
If you’re curious about the process, there are plenty of Bitcoin mining tutorials out there, but the cost of setting up a BTC mine is almost never worth the payout.
If you want free Bitcoin, the best way to get it is by claiming your online gambling payouts in BTC.
Not for individuals.
Early on, when Bitcoin first hit the scene back in 2009, mining was possible – and profitable – for all the small fish out there.
However, to competitively mine Bitcoin today – that is, to actually make a decent profit doing so – you’d have to invest tens of millions of dollars into a state-of-the-art data center.
And even then, profits would be minimal.
The Bitcoin network is so resource intensive that fewer than 10 global data centers mine 95% of all remaining BTC.
Yes, of course.
Crypto crashes are always inevitable, and anyone that tells you otherwise is lying to you.
That said, even when BTC crashes – over and over and over again – you can always count on it to hit and surpass its previous all-time high in relatively short order.
When BTC crashes next time, the best move isn’t to dump your holdings, it’s to buy more Bitcoin.
Far from it!
Bitcoin is not only not dead, it’s still the most sought-after and popular cryptocurrency asset in the world.
While many crypto insiders believe that BTC’s utility is limited (i.e. it doesn’t support many newer-generation crypto blockchain concepts like smart contracts, NFTs, and so on), it will likely always be regarded as the gold standard.
And gold, as we all know, still reigns supreme even as most of the world’s “monetary value” is represented by non-gold-backed fiat currencies.
Most projections state that the total possible number of BTC will be mined by the year 2140.
However, by just 2030, 97% of all BTC will have been mined.
The latter will likely happen in your lifetime, of course, which means that the immediate effects of scarcity will make the price of Bitcoin go way up.
Many crypto analysts believe a reasonable Bitcoin price projection is $1 million to $3 million per coin by 2030, with some pegging the value at up to $5 million per coin.
By 2140, there’s no telling how much BTC will be worth.
