Bitcoin gambling has taken off in a big way over the last couple of years and The Game Haus is hot on the trail of any new and exciting brands that can facilitate this service.
Before you begin your Bitcoin adventure, there is some essential info that you need to know first, and that is exactly what we will provide today. We will show you the signup process, how to make payments, the best methods for using Bitcoin at your chosen iGaming site and more.
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Special games for Bitcoin and other cryptocurrencies are available
The majority of casinos and sportsbooks only accept fiat currencies
How to sign up with Bitcoin
Before you can think about making deposits and withdrawals at
Bitcoin gambling sites, you need to get hold of some of this valuable currency. Given that Bitcoin doesn't take on any physical presence, you are going to need a digital method of holding it.
This is done by opening a Bitcoin wallet, which may need to be done independently or it could come as part of a package—depending on how you choose to get hold of this currency.
Wallets are held in either a hot or cold format.
Hot wallets are like an online digital account that you can access easily and from there, you're able to make transactions. Cold wallets are kept offline and are more like storage devices that nobody can attempt to hack or manipulate.
There are several ways to get Bitcoin into your wallet and we are going to break down the five most popular methods right now.
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1. Cryptocurrency exchanges
These exchanges are familiar territory for anyone who has experienced basic trading online; it is essentially a marketplace where you can buy and sell digital currency.
To begin trading, you simply set up an account at your chosen exchange and you will even get a Bitcoin wallet in which you can store your new currency.
Once your new account is up and running, you will add a regular funding method such as a bank account and use this to buy your first haul of Bitcoin or other chosen cryptocurrency.
2. Brokerage firms
Traditional investment companies are often keen to expand their offering by allowing clients to trade Bitcoin. You can set up an account by providing the necessary details on the brokerage firm's website or possibly their mobile app, and then instruct them to make a trade on your behalf. Note that you will need your own wallet to facilitate any
crypto gambling
transactions.
3. PayPal and other popular payment services
You can purchase Bitcoin via the PayPal website or app as long as you have an account running with this brand. The same can be said for other similar products such as
Venmo betting sites.
Select the crypto area from your PayPal account and choose the amount of Bitcoin that you would like to buy. After passing the necessary identity checks, you will then have Bitcoin ready and waiting in a designated area that acts as a crypto wallet.
4. Bitcoin ATMs
You can't physically take Bitcoin out of a cash machine, but you can go to a Bitcoin ATM and pay cash in to have the equivalent amount of Bitcoin sent to your crypto wallet. It is fast and easy to get currency moving in this way but do expect to pay higher fees.
5. Peer-to-peer networks
If you would like to trade Bitcoin with your fellow crypto enthusiasts, then you can create an account at one of the popular P2P exchanges and agree on a price with one of the other members. While fees are low using this method, you will need your own crypto wallet in order to complete transactions and you must make sure that the site is reputable with safeguards in place to protect against fraudulent members.
Our favorite Bitcoin betting sites
Using Bitcoin gambling sites
To start using Bitcoin to fund the gaming action at any one of the Bitcoin gambling sites you'll find on this page, just follow these simple steps.
Find the perfect place to play
There are several different options for you to choose from in pursuit of your next Bitcoin sportsbook or casino site. If you aren't sure which one works best for you, then check out our reviews to give you the essential info. Once you have narrowed down your search, click on the brand’s banner and head straight to their site.
Create an account
Getting an account up and running shouldn't take long and will only require you to share a few details. Once the account is verified, you will have full access to everything that the brand has to offer and can navigate the site freely.
Add funds
Now that you have your account open and have had a chance to look around your new Bitcoin site, it's time to get some funds into your account. Head over to the cashier area and select how much you would like to deposit.
The operator's crypto wallet address will be displayed and you can head back to your own wallet to make the transaction. As soon as they confirm the payment has cleared, the funds will appear in your account.
Play games
The Bitcoin that now sits in your new player account is available for you to spend on any of the fantastic games that are on offer. Your balance will be constantly displayed so you can keep an eye on exactly how much you have left.
Withdraw your winnings
Any real cash winnings that you achieve while playing crypto gambling games will be added to your balance, and provided that it is not part of any ongoing promotional credit, you'll be able to withdraw it as you wish.
Just head back to the cashier area and select how much you would like to withdraw. When prompted, provide your wallet address and the operator will make the necessary arrangements.
Placing a bet at a Bitcoin gambling site is much the same as the method used at regular casinos and sportsbooks.
Your account balance will show exactly how much Bitcoin you have available to use and you can bet up to this amount on any of the games you wish to play or bet on. Bear in mind that there may be individual limits available at the brand of your choice.
Bitcoin betting options
The markets available at some crypto gaming sites are phenomenal and the selection can sometimes outweigh regular sportsbooks.
You can check out the variety of bets by visiting your chosen site and looking through the list of events and specific markets that are on offer. You can also find e-sports betting at some brands.
Bitcoin deposits and withdrawals are among the fastest around
Bitcoin deposits and withdrawals are usually completed faster than any other payment type and you shouldn't be waiting for long to see funds enter and leave your Bitcoin gambling account.
Deposits are instant and as soon as you have instructed your wallet to send the funds, they should appear over at the casino or sportsbook within a couple of minutes.
Withdrawal timeframes
There are two important aspects to consider when looking at withdrawal times. Firstly, the operator will have their own internal processes to follow and this means your payment won't be processed until the brand has followed its own protocols. This will usually happen very quickly as crypto sites often pride themselves on initiating withdrawals within a very short time frame.
Once this process is complete, it is then down to the blockchain to make the necessary transfer. This should only take a few minutes to happen.
If your funds have not arrived back in your account within a few hours after the brand’s advertised processing time, then contact them to request that they look into it.
Standard Bitcoin gambling timescales and limits
Maximum deposit
Often unlimited
Minimum deposit
Usually $10 (equivalent)+
Maximum withdrawal
Often unlimited
Minimum withdrawal
Usually $10 (equivalent)+
Deposit times
Instant - A few minutes
Withdrawal times
A few minutes - A few hours
Bitcoin-accepting sportsbooks and casinos
There are many different sportsbooks and casinos that accept payment in Bitcoin and various other cryptocurrencies. Some will accept fiat currencies as well, so you can decide how you would prefer to fund your account.
The best way to find a safe and secure Bitcoin gambling site is to take a look at the banners on this page and check out our reviews.
One of our favourite brands currently available is stake.com, as they offer loads of benefits for crypto customers including valuable promotions, such as the current 200% deposit match up to $1000 and 10% Rakeback offer with the code ADDBONUSCODE. They also have loads of games and betting markets to discover.
Our favorite gambling site bonuses
Simple Bitcoin wallet verification
The concept of crypto payments is continuously evolving as this method is still very much in its infancy. While there are some products available that skirt the recommended guidelines and allow customers to use their products without any proof of identification, the majority will require a copy of a government-issued ID card or passport.
It is a simple process that is often quicker to complete than with many other payment platforms.
A brief history of Bitcoin
Bitcoin has been around since 2009 and was created as a payment method independent of governments and central banks. Transactions are fast and incredibly secure thanks to the blockchain being maintained by users rather than a middleman.
Bitcoin has its critics and the value of this currency has soared and plummeted over the years, causing sceptics to say it is too volatile. Despite this, millions of people across the world are showing their faith in this payment method by continuing to trade and use it.
The invention of Bitcoin went on to inspire many other digital currencies that are now available to use at casinos and sportsbooks.
How Bitcoin gambling compares to other providers
As a method for funding your favourite gambling site, there are many positive aspects that help Bitcoin stand out head and shoulders above the competition.
You can still access all of the fantastic games and betting markets that regular currencies permit, but with the added benefit of specific titles that can only be used by Bitcoin and other crypto.
Many customers choose to use this payment platform as it offers the highest levels of security. Payment times are also super fast compared to bank transfers, for instance.
Alternative payment method providers for crypto betting
Three essential Bitcoin gambling facts
Some Bitcoin gambling sites will only accept cryptocurrencies, but there are hybrid brands that will allow you to use both crypto and fiat.
You will need a crypto wallet to make deposits and get any winnings sent back to you.
Bitcoin deposits are considered to be one of the fastest and safest deposit methods
Bitcoin gambling sites are among the best in the business
If you have never tried Bitcoin or other cryptocurrencies, then the idea can seem a little daunting at first. However, you can rest assured that Bitcoin casinos and sportsbooks make it incredibly simple to complete transactions and get you up and running in record time.
Any of the BTC gambling sites you see here on this page have been reviewed and assessed by our team of experts to ensure that you will get the best entertainment and safest iGaming environment, so that you and your money will be protected at the same time.
Bitcoin gambling FAQ
✨ What is the best type of currency for online gambling?
There are several currency options facing you as an online gambling enthusiast. You can opt for fiat currencies that include dollars and sterling, for example, or opt for Bitcoin gambling sites and others that accept cryptocurrencies.
➕ How do I buy Bitcoin?
Before you are able to use a Bitcoin gambling site, you will need to have some of this currency in your possession first. Our guide will show you how to get started and what the benefits are.
❤️ Do you have to be over 18 to buy Bitcoin?
There are various things that you need to know before you embark on your Bitcoin gambling adventure and our guide to this top product will show you all of the essential details.
✨ What makes a crypto gambling site legit?
A legit crypto gambling site is licensed, offers provably fair games, has positive reviews, and provides robust customer support.
✨ Can I gamble anonymously with Bitcoin?
Yes, many Bitcoin gambling sites offer anonymous gambling options, allowing you to play without sharing personal information.
✨ Are there bonuses for Bitcoin gambling?
Absolutely, Bitcoin gambling sites offer various bonuses, including welcome bonuses, deposit matches, and free spins, specifically for cryptocurrency users.
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