Sports betting in cryptocurrency (bitcoin, ethereum) and TOP 5 best bookmakers for betting

In ancient Greece, bets were made on the Olympics and gladiator battles. The history of bookmakers began a long time ago and still remains relevant, because now this niche has migrated to the Internet, which allows you to place bets without leaving your home. At the same time, bookmaker systems are being improved and developed using modern technologies.

We have collected sports betting in cryptocurrency (bitcoin, ethereum) and the TOP 5 best bookmakers for betting for our readers. Using digital coins in betting is convenient, profitable and safe . It is important to understand how bookmakers that support such currencies differ and understand how they work.

Cryptocurrencies and bookmakers, two types of companies

Altcoins continue to gain popularity. When using them, you get anonymity, the commissions are ridiculous and transactions are protected. All these benefits are received by clients of bookmakers that support cryptocurrencies. But there is one nuance; they need to be distinguished by an important feature :

1. Bookmakers with deposits and withdrawals in cryptocurrency - in fact, they are no different from ordinary bookmakers. For convenience, their organizers are adding new methods for depositing and withdrawing funds. At the same time, the company remains centralized and all the problems inherent in such projects remain.
2. BC on the blockchain - if the project is created on its own blockchain or through a popular platform, this guarantees the integrity of transactions. The system is decentralized, increasing security. No one manages the clients’ funds, and they receive winnings through smart contracts, which guarantees their receipt.

Naturally, it is better to give preference to the second option. Blockchain technology is assessed by every expert as the future of the Internet. She is promised a great future in absolutely all areas. The most important thing is that you will be able to avoid false accusations from the administration and long periods of “knocking out” winnings from your balance.

Sportbet

A foreign bookmaker that offers clients to top up their account through a crypto wallet address. To make a deposit on the Sportbet website, a QR code is used, which will allow you to transfer money from the player’s account to the bookmaker’s balance.

Sportbet bookmaker has several cryptocurrencies:

• Bitcoin (BTC);
• Litecoin (LTC);
• Ethereum (ETH);
• Tether (USDT);
• Tron (TRX);
• Ripple (XRP);
• Allsportscoin (SOC).

The bookmaker also offers betting fans to purchase Bitcoin through the internal service BTCXE .

The only disadvantage of Sportbet is that the site does not have a Russian-language interface. Domestic users can only use the English version.

On topic: Manchester City became part of the Chiliz sports exchange and released its fan token $CITY

Why are bookmakers offering cryptocurrency bets attractive?

The first and most important advantage is safety. When the bookmaker is based on a blockchain, funds are distributed through smart contracts. No one can interfere with their execution. When opening a bet, a contract is created under which all conditions are established in advance and, depending on the outcome, the client either wins and receives the winnings, or loses. There can be no other options.

It is important to know where and how to exchange cryptocurrency in order to profitably and conveniently replenish your balances and receive payments from bookmakers.

There are some nuances, for example related to high volatility. Perhaps after replenishing your balance, the coins will fall in price and you will lose something. However, in recent years they have only become more up to date, so this feature is best considered as an advantage. Other advantages:

• deposits and withdrawals occur anonymously, no personal data is required to be entered, and it is almost impossible to track transactions;
• all transactions are carried out instantly. There is no hold, as soon as the event takes place, the winners are immediately determined, to whose accounts the winnings are sent;
• BC clients on the blockchain are guaranteed to receive payments, this is included in smart contracts, there will definitely be no problems or accusations that you were allegedly trying to deceive someone;
• cryptocurrencies are gradually becoming more expensive, their rates are rising, and at the same time their holders are getting richer. While you are spinning coins on bets, your bank will automatically increase;
• despite the fact that unlicensed bookmakers are prohibited in the Russian Federation, when using cryptocurrencies you do not violate anything, because digital coins are not money;
• Cryptocurrency networks have the lowest commissions, so you won’t be ripped off completely when depositing or withdrawing.

Decentralization, on the one hand, looks like a clear advantage, but it also has negative sides. For example, support that will not always be active, and may not exist at all.

Currently, about 1% of sports betting is made in cryptocurrencies, of which more than 80% is the share of bets in Bitcoin, Ethereum and Litecoin. This is not a small number considering how big the market is. Many experts are confident that the numbers will soon change dramatically.

CryptoBets

A decentralized sports betting exchange that works on the betting principle. The winnings are equal to the losing bank's share. Cryptocurrency transactions occur using smart contracts.

There are several cryptocurrency coins on the exchange:

• Bitcoin;
• Litecoin;
• Bitcoin Coin;
• Ethereum.

When working with digital currencies, the Cointeller crypto wallet is used.

How to choose a bookmaker for betting?

When you are looking for a quality service (whether for betting or not), you need to evaluate each option based on many factors. Just as in the case of regular bookmakers, offices on the blockchain are different. Before you register or place large bets, you should compare them based on the following factors:

• favorable odds;
• support for smart contracts;
• user-friendliness of the interface;
• security levels;
• bonus program;
• privileges and gifts;
• choice of sports;
• available cryptocurrencies;
• types of sports betting;
• responsiveness of support.

While there are few cryptocurrency bookmakers, verification will not take you much time. Don’t chase big bonuses if the bookmaker loses in all other respects. The factors presented must be taken into account together.

In general, it is better to register on the best sites (presented below) and try to place bets, because you will definitely receive payments from them anyway. Without personal experience it is pointless to draw conclusions.

Crypto Sportz

Another betting exchange for football, basketball, hockey and e-sports. There are no bets on events in politics or culture. Unlike the previous resource, here you can choose a draw as the outcome of the match or predict the total in the game.

There is only one cryptocurrency available in Crypto Sportz – Ethereum. The site is not very convenient for domestic players, since there is no access to the Russian version.

Commission for transactions is 5%.

How to top up your account with a bookmaker in cryptocurrencies?

Reliable bookmakers that use blockchain do not work with fiat money at all. Therefore, in order to use them, you will first have to obtain cryptocurrency. In general, the replenishment procedure is no different, you go to your personal account, select the desired currency and press the button:

In our case, these are Bitcoins. Sports bets are accepted there. After clicking the Deposit button, the system generates a wallet address to which you need to send coins. Now you can log into your wallet and make a regular BTC transfer:

For those who do not use cryptocurrency wallets, exchangers help. Bestchange helps you find reliable exchangers with favorable rates. Go to the main page, select the direction of exchange (for example, from Qiwi to Bitcoin) and a table appears where reliable sites are collected:

You have already received the BTC address for transferring funds to your account at the bookmaker, so you can immediately fill out the form. In it you only need to indicate the payment details and the amount (in our case, this is a Qiwi wallet):

After creating an application, you will receive a wallet number where you need to transfer money. As soon as the administration of the exchanger receives the funds, Bitcoins will be instantly sent to the specified address, i.e. to an account in BC. Typically, this takes no more than a minute, so you can start betting on sports right away.

BC 1xBet

It is not a decentralized blockchain-based bookmaker, but it allows clients to deposit and withdraw money using cryptocurrency. To work with digital currencies, the BC 1xBet website uses the Crex24 . The exchanger works with the following cryptocurrencies:

• Bitcoin;
• Litecoin;
• Dogecoin;
• Dash;
• Ethereum;
• Ethereum Classic;
• Monero;
• ZCash;
• NEM;
• Bitcoin Cash;
• DigiByte.

When replenishing, a multi-character account number and a QR code are used, which can only be read through the mobile application of the exchanger.

The minimum amount when making a deposit is the equivalent of 50 rubles.

The bookmaker will automatically convert the money and credit it to your account in cryptocurrency. Funds are credited to your game balance instantly. Commissions depend on the rules of the crypto exchange service.

TOP 5 bookmakers for betting on Bitcoin or Ethereum

Over the past few years, many bookmakers with cryptocurrency support have appeared. Almost all large and well-known companies have started accepting BTC, BCH, ETH and other altcoins.

However, they do not offer all the benefits of the blockchain, but only convert currency. Therefore, if you decide to bet on sports in crypto coins, then it is better to give preference to these projects:

Bookmaker Onehash

Bookmaker Onehash. Let's start with the most unusual project, which combines several areas of gambling. In the sidebar you can select sports, e-sports, gambling and other bets. There is a Russian version, but not all sections have been translated. However, the interface is simple and user-friendly:

To open a bet, the user only needs to indicate their BTC wallet address. While not many events are being added here, the developers have a lot to work on, but bets are accepted and they are very easy to place, and most importantly, they are completely anonymous. All you need to fill out is your email.

The project started back in 2013, there is no minimum deposit, and in order to receive a payment, the amount must be more than 0.005 BTC . Use betting, slots, betting on politics and other functions. After registration, each newcomer is provided with a +100% bonus to replenishment.

The odds are calculated from the volume of bets on the reverse outcome of the game, so they are constantly changing (until the start of the game). 24/7 support, in the top menu there is a “Guide” button, when you click on it, you will receive tips on the page you are on. Although everything is intuitive, especially in Russian.

Reviews about bookmaker Onehash are only positive, there is a system of promotional codes, you can add your events to the system, filters for searching for events, a detailed history and much more. Unusual online games for Bitcoin deserve special attention. For example, you can promote a cryptocurrency slot:

The bank for payments is accumulated at the expense of bets of the losing side, the coefficient depends on the accumulated pool. There are additional bets and interesting games, but when it comes to sports betting, there are not many options. Users from all over the globe register; many do not like that only Bitcoins are accepted.

Bookmaker Cloudbet

Bookmaker Cloudbet. In the niche of crypto bookmakers, this is a leader who has been operating since 2013. Here you can deposit and withdraw funds only in two cryptocurrencies – Bitcoin and BitcoinCash. In addition to sports betting, it offers its own casino, often holds promotions, has a loyalty program and the interface is available in Russian.

Registration takes no more than a minute; you only need to provide your email and date of birth, after which your email must be confirmed. The design is in black and orange style, with the main menu at the top and events listed in the sidebar. Everything is in its place, users of any other bookmakers will be comfortable.

The office works exclusively with cryptocurrencies, registration is open to residents of all countries, there are several language versions. Additional security features are available in your personal account. Stands out with constant promotions and bonuses. Now you can get:

• 25% cashback;
• every Tuesday free spins for a deposit;
• 20% to winnings every Wednesday;
• 100% replenishment every Thursday;
• 100% bonus on first deposit;
• 1000 free spins are up for grabs this weekend.

Most of the bonuses are provided for casino clients. It features many games - video poker, slots, jackpot games, virtual sports and much more:

We consider the Cloudbet service only as a bookmaker, so we will not delve into gambling. The line is shown in Asian and European format, otherwise everything is the same as in other bookmakers. There are just under 20 categories, the choice is modest, but there is a LIVE betting mode, all popular sports are here:

The painting is good, more than a hundred markets are offered for the main football matches, and sometimes there are original bets. The odds are also decent. You can use the site from a mobile device, the design is adaptive. The site has a lot of useful information, announcements, descriptions of betting strategies:

Reviews about this bookmaker are rare, while blockchain offices are not yet in demand. While studying the information, we came across comments from people who complained about long payments, which is very strange, given their processing through smart contracts. In general, the reputation is good, the winnings will definitely be withdrawn.

Bookmaker 1xBit

Bookmaker 1xbit. It has been operating since 2007, has a Curacao license, but the resource is blocked on the RuNet. The name is similar to the popular competitor 1xBet, the most interesting thing is that these bookmakers have one owner. Why do they need two projects? It's simple, 1xBit is a crypto bookmaker, which allows you to use the site from all over the globe.

Unlike its more popular brother, there is a lot of attention paid to privacy. Registration takes place in a couple of clicks, you don’t need to upload any documents, there is no verification. Fiat money is not used here at all; the balance can only be replenished with altcoins from this list:

• Bitcoin Cash;
• Bitcoin gold;
• Bitcoin;
• BitShares;
• Bytecoin;
• Dash;
• DigiByte;
• Dogecoin;
• Ethereum Classic;
• Ethereum;
• FunCoin;
• GameCredits;
• Litecoin;
• Monero;
• NEM;
• ZCash.

Users remain anonymous and can not only place bets on sports, but also have fun in a virtual casino or poker. Live dealers, various slots, and e-sports are available. Games from popular operators, all draws are conducted using cryptocurrencies.

It doesn’t matter whether you win in bets or in the casino, the payment is made without commission, instantly. In rare cases there are delays, the minimum amount is only 0.001 BTC. The administration constantly holds sweepstakes and promotions. Clients receive cashback, a first deposit bonus of up to 1 BTC, there are express trains of the day and much more:

It is important that bonuses for BC and casino users are separate. It is more convenient to place bets from a mobile device; 1xBit has an official application. The support is responsive, however, reviews sometimes say that no one solves the problems.

In general, the bookmaker’s office is excellent, although it is prohibited in the Russian Federation. The site is high-quality, you can maintain a balance in different cryptocurrencies and receive payments instantly. Plus, you remain anonymous. The limits are high, you can place really large bets, however, it is better to test the service first.

Bookmaker Sportbet

Bookmaker Sportbet. An American bookmaker where you won’t even be able to select Russia when registering. It is closed for our compatriots, but is available to residents of many other countries.

Its history begins in 1996, the office is located in Costa Rica, this is one of the projects of the 5Dimes holding, which already inspires confidence. Mostly Americans come here, so the main currency of the site is USD, and the site only works in English.

Players from Russia and Ukraine are not accepted. To make a deposit, you need not only to register, but also to confirm your real data. After clicking on the link from the letter, a login is generated; you should write it down, otherwise you won’t be able to log into your account later. Replenishment is possible in two ways:

Bitcoins are most often used, but the cryptocurrency is immediately converted to the US dollar. The minimum replenishment amount is $25, the maximum is $10,000. Withdrawal is also possible via Bitcoin or check. In the first case, the minimum wage is $50, in the second, $1000. Let's return to the site interface. The main page is just a cover; in your personal account everything is not so colorful:

The site contains expert forecasts, statistics, and a lot of other information. By default you will see American odds, but you can change them. Bets open in the Parlay section. There are several bonuses and gambling is also offered. Regular and LIVE casinos with live dealers are available:

All games are played in dollars, just like sports betting, but withdrawals are available in Bitcoins, which are calculated at the current exchange rate. There is a mobile version and several bonuses - 50% on the first deposit, 20% cashback. Only Americans can withdraw winnings by checks; the rest have only the second option - Bitcoin.

None of the companies presented is licensed; we recommend using only honest and trusted bookmakers that are officially authorized in Russia.

Opening bets in cryptocurrency through bookmakers is no different from using regular money. Deposits are made, coupons are filled in, and funds are withdrawn in the same way. For bookmaker fans, the transition to blockchain projects will seem unnoticeable, and at the same time, they will receive a lot of different advantages.

Bookmaker Betmatch

Bookmaker Betmatch (scam project). Decentralized blockchain bookmaker from developers from the company RevelDevelopment . Here, users bet against each other using cryptocurrency. Social betting and blockchain are combined here, all transactions are carried out through smart contracts, which guarantees fairness and high security.

Third parties cannot interfere with the operation of the system. 100% winnings will be paid to the user if the bet wins. In addition, the project has the following advantages:

• instant deposits and withdrawals;
• high limits;
• meager commissions;
• modern and convenient design;
• Bets are available from mobile devices;
• has its own token;
• you can place bets without any commission at all;
• LIVE bets available;
• Russian language support.

This is a new project with great prospects. Social betting with transparent statistics is also used here. Player profiles are open, you can always see who bet on what and how much. The money of the losers is distributed among the winners, in accordance with their bets (as a percentage).

The project works on several components. They are responsible for various things - the betting line, odds, user interface, etc. The developers have done a great job, you understand this even when you visit the site for the first time. Beginners are offered a detailed FAQ here, but so far only in English:

All transaction data is uploaded to its own blockchain, and the blocks end up in the Ethereum network. This is a real bookmaker on the blockchain, which also uses its own XBM token (belongs to the ERC20 standard).

If you place bets in XBM, there will be no commission at all. These coins can also be leased to other users and earn small interest on this.

There are plans to distribute coins between active users and sports analysts. To start placing bets, you will need to go through the most common registration. After this, you need to deposit Ethereum through a smart contract and top up your balance. Beginners receive +100% to their first deposit.

Try making your first bet, it's not that difficult. There are still minor bugs in the service, but the administration is actively working on it. Bets are accepted on various events, there is e-sports.

There are plans to add many functions, now this is the most interesting blockchain bookmaker that has been created recently.

What is Bitcoin?

The history of this currency began in 1983, when David Chaum, a member of the Department of Computer Science at the University of California at Santa Barbara, thought about how to combine the anonymity of payments and their transparency for all market participants. He proposed an algorithm for use that allowed a confidential transaction between two buyers, but communicated this fact to everyone.

In 1997, Briton Adam Back invented a mechanism that can be called the prototype of cryptocurrency. He used the Hashcash security system, which allows you to very quickly verify the authenticity of even the longest transaction.

A year later, Nick Szabo began developing the decentralized monetary system Bit gold. The scientist worked in this direction for seven years, but never achieved his goal.

All these developments were used by Satoshi Nakamoto - a person or group of people united under this pseudonym. It was Mr. Nakamoto who presented the first version of the Bitcoin wallet to the public in January 2009 and organized the launch of the system .

The basis for transactions with the new currency is the blockchain system. The creators of Bitcoin developed a database that stores all completed transactions in the form of blocks of information. A mathematical algorithm connects the blocks to each other so that if the contents of one of them change, changes will have to be made to the next block, and then to the entire chain.

Copies of the database are stored in Bitcoin wallets that users create for themselves . With the help of a wallet, each of the completed and confirmed transactions is recorded in one of the blocks, which is attached to the general chain.

Miners play the main role in the operation of the system - they create new blocks from transaction records. The mining process, so named by analogy with mining, requires solving a number of complex mathematical problems. For each block created, miners receive a reward in the form of a commission from transactions or a newly created Bitcoin system.

The system gradually developed, and in February 2011 the Bitcoin rate reached $1 . Then it began to grow rapidly, and in May of the same year, Bitcoin was already being sold at $28. By August 2011, other cryptocurrencies had emerged . This happened because the Bitcoin community rejected some proposals to modernize the system. Accordingly, ideas had to be implemented in our own projects.

In December 2022, the cryptocurrency rate reached a historical level of $20,000

Now, probably only lazy people haven’t heard of Bitcoin. In December 2017, the cryptocurrency rate reached the historical mark of $20 thousand. However, this was followed by a sharp drop. At the time of publication, the rate was $9130.8.

How to withdraw money from cryptocurrency bookmakers?

Receiving winnings is similar to the deposit procedure. You can receive crypto to your wallet (where to get a Bitcoin wallet address) or use exchangers. In the withdrawal section you only need to indicate the amount and wallet number:

Altcoin users need to enter their address, and if you have never used cryptocurrencies, go to BestChange monitoring. There you need to choose the opposite direction, for example, Bitcoins and Yandex.Money. In the same way, a list of exchangers appears, sorted by the most favorable rate:

Choose any of them and proceed to filling out the form. Here you will need to indicate where you want to receive the money. Just indicate the wallet number; other fields do not always appear:

After creating an application, the exchange office issues a cryptocurrency wallet address to which you need to order a payment from the bookmaker:

Then everything is simple, Bitcoins are sent to the exchanger’s account, converted into rubles (other currencies) and sent to the user. Usually the operation takes only a few minutes, much depends on the chosen direction of exchange.

BC 1xBit

A completely decentralized bookmaker. Although the company is offshore, it accepts domestic users. The site has a Russian-language interface, so there will be no problems with navigation.

1xBit is a crypto bookmaker associated with the more famous bookmaker 1xBet. True, unlike its counterpart, attention is paid to increased confidentiality. All transactions take place anonymously using the blockchain.

When depositing and withdrawing from an offshore bookmaker account, a large list of crypto exchangers is available:

• LocalBitcoins;
• Crex24;
• NovaDAX;
• Coincheck;
• BTCExchange;
• Bitonic;
• BitQuick, etc.

The minimum when making a deposit or paying out earned funds is 1.00 mBT.

Money is credited to your account instantly, and commissions depend on the selected exchanger. Such platforms allow you to work with many popular digital currencies:

• LocalBitcoins;
• Crex24;
• NovaDAX;
• Coincheck;
• BTCExchange;
• Bitonic;
• BitQuick, etc.

For new users, 1xBit offers a welcome bonus upon registration for making the first deposit – 7 BTC. We are talking about the amount of $95,000.

Betting in cryptocurrency, is it not dangerous?

While people are afraid to use digital coins, the volume of cryptocurrency bets is not high. However, interest is fueled. What makes you worry? A possible fall in the exchange rate, many do not understand this and simply do not want to get involved, they are afraid that the state will impose some restrictions. These are all excuses; digital coins are the future:

Cryptocurrency is gradually becoming more expensive, developing, and the scope of its application is expanding. Nowadays, bets on Bitcoin or Ethereum are rarely made; the direction is relatively young. A few years will pass and this will become quite commonplace. Because using altcoins in this niche is much more convenient.

Onehash

Another office that allows bettors to work with cryptocurrencies. The bookmaker's main focus is sporting events in the USA. However, bets on leading European tournaments are also found here. For example, for top football championships:

1. La Liga;
2. Bundesliga;
3. Premier League;
4. Serie A;
5. Ligue 1.

Popular events in basketball, hockey or tennis are also available. Special attention was given to eSports. There are large markets for various eSports disciplines here. Bookmaker Onehash accepts Bitcoins for payment. You can top up your account through any cryptocurrency wallet that has Bitcoin.

The minimum bet amount is 0.001 BTC. To pay out earned funds, the account must have at least 0.005 BTC.

In addition to standard bets, bookmaker clients can bet on the end-of-day rate of Bitcoin or Ethereum. Onehash is not entirely convenient for Russian-speaking players. The site is only partially Russified. If the sections are presented in Russian, then the markets are available in English.

Advantages and disadvantages of betting on Bitcoin

Bitcoin rate bets

Fluctuations in the value of Bitcoin cause no less excitement, and predicting its ups and downs can also be a way to make money.

Players bet on which way the Bitcoin exchange rate will change against the dollar over a given period of time, and the essence of the game is simple:

• The first player bets on price increases.
• The second player makes a similar bet on a depreciation.
• If after a given period of time the Bitcoin rate has increased, then the first player takes the winnings, which are the sum of the two bets made, taking into account the deduction of the service commission. If the exchange rate falls, then the second player gets the spoils.

An unlimited number of players can participate in bets. The total amount of bets will be distributed among all participants who were able to correctly determine the movement of the exchange rate in calculated proportions to the amount of their bets.

The exchange rate can only move in two directions. For cryptocurrency experts, this is an opportunity to increase their capital by 100% or more with a risk of 50%.

If all players have chosen the same bet rate, the game is automatically canceled and the bets are returned to the owners. The same measures are taken if the cost of the course has not changed.

Services that allow you to place bets on the Bitcoin rate:

• VTSVET;
• Bitcoin Betting (bitcoin betting);
• Bazabet;
• Betfair.

You can also make one-time bets on the growth of Bitcoin, when the bet is made for a long period of time and is tied to some significant date. For example, the Bitcoin rate on December 31, 2021.

conclusions

In the civilized world, cryptocurrency is used as a way to accumulate capital. In post-Soviet countries, free money is most often used to buy foreign currency or gold, but bitcoins are gradually gaining popularity. Bookmakers accept bets for cryptocurrency, and so far there is no apparent reason not to trust this method of payment in betting.

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