Cryptocurrency Betting Guide [2020]

Best suited crypto sports betting sites and casinos for Ethereum, Bitcoin Cash, Ripple, Litecoin, Stablecoins, and more altcoins

Cryptocurrency Betting leverages Bitcoin Sportsbook and Casino advantages.

Of course, all Cryptos benefit worldwide access, higher bonuses/promotions, and limitless transaction amounts.

On top of that, choosing the right cryptocurrency can provide lower fees, faster transfer as well as reducing or increasing your exposure to Crypto Market volatility.

Crypto Betting will improve the advantages you’re looking for. Let’s see how!

Cryptocurrency Betting with Ethereum, XRP, Stablecoin, and more Altcoins

left-quote If the cryptocurrency market overall or a digital asset is solving a problem, it’s going to drive some value. right-quote

The Best Cryptocurrency Betting Site for most punters

 

I encourage newcomers to Crypto Betting to read our full article. However, advanced crypto folks familiar with cryptocurrency features might go faster. Indeed, Stake.com is one of the best Cryptocurrency Betting Site. It checks most of the boxes in the Sportsbook and Casino area. Stake is a must-try for Crypto Bettors.

First, it has a great reputation and its crypto bettors’ feedback is excellent. To illustrate, our Stake review provides links to its Trustpilot rating stars and its official thread on BitcoinTalk Forum. Both show how players appreciate Stake.

Secondly, it leverages a large majority of Crypto Betting Advantage since users can hold balances in Bitcoin, Ethereum, Litecoin, XRP (Ripple), Bitcoin Cash, EOS, Tron, and Dogecoin there. In addition, Stake supports deposits through most Altcoins and Credit Cards.

Finally, Stake provides a great VIP program and exciting promotions for both sports punters and casino players.

Stake.com

Excellent reputation

Crypto and Credit Card 

Sportsbook and Casino

Stake.com

Excellent reputation

Crypto and Credit Card 

Sportsbook and Casino

Balances on Cryptocurrency Betting sites

First, we divide Crypto Betting Sites into two categories, regarding if they hold balances in local currencies (like US dollars) or Cryptocurrencies.

Local currency Balances

Bet on Betonline  with a Local Currency Balance

On the one side, those who hold players’ balance in Fiat Money.

Either you deposit with Credit Card, Bank Transfer, or Cryptocurrencies, your money is directly converted in USD (dollars). Of course, placing bets as well as receiving winning is made in USD.

I recommend playing on such sites if:

  • You want to reduce your exposure to Cryptocurrencies volatility

or

  • You are willing to place your bets in local currencies (USD, Euro, etc.)

However, at the withdrawal time, you can choose to receive the money in cryptocurrency.
And it is a piece of cake. To explain, you just have to enter your withdrawal amount and your cryptocurrency address. They will do the conversion and send your cryptos!

 

To illustrate, here are the Cryptocurrency Betting Sites to play with a USD balance  (US dollars):

Cryptocurrency Balances

 

On the other side, some Crypto Betting Sites keep players’ funds in Cryptocurrencies.

It means that you have one balance per cryptocurrency. Then, you can switch from one crypto to another when you place a bet. The Cryptocurrency Betting site credits winnings to the balance used for the bet.

I prefer these sites because I see my Cryptocurrencies as a good investment. So, I want to maximize my exposure to Bitcoin, Ethereum, and other altcoins fluctuations. (This is my opinion, it is not financial advice)

 

Stake.com has a Cryptocurrency Balance

To hold balances in Cryptocurrencies, I recommend the following sites: Stake.com, Cloudbet.com, or FortuneJack.com.

Finally, Sportsbet.io holds balances in both Cryptocurrencies and Local Currencies. It is a great site if you want both worlds at once!

Cryptocurrency Betting Advantages

 

When you choose the right crypto, you increase Crypto Sportsbook Advantages (and reduce disadvantages).

Of course, the following advantages are site-dependent, but apply to any crypto:

anonymous

Anonymity

Play without providing your identity, credit card, or bank number

Worldwide acces

Accessibility

Cryptocurrency Betting available anywhere

icon Bonus

Bigger Bonus

Best bonuses of the market for Crypto Bettors

Higher limits

Deposit and withdraw without limits

In contrast, transfer swiftness and fees vary with Cryptos. At the same time, the volatility dramatically changes depending on the cryptocurrencies you use.

Factors to consider when choosing the best cryptocurrency for Betting

 

When it comes to Cryptocurrency Betting, I want to remind you of two important things.

 

Do not gamble with money that you can’t afford to lose

First, don’t gamble with money that you can’t afford to lose. It is the fundamental rule of gambling, and it is obviously true with Cryptocurrency Betting.

Secondly, I encourage you to implement a Crypto Betting Strategy according to your Investment Plan.

Of course, if you come to Cryptocurrency Betting only for its advantages, there are many ways to limit your exposure to crypto’s volatility.

We already saw the first way, using the Cryptocurrency Betting Sites that hold balances in local currencies.

Besides, Stablecoin Betting minimizes your exposure to cryptocurrencies. Indeed, Stablecoins are cryptocurrencies backed on USD. To illustrate, 1 Tether keeps worth 1 USD.

Stablecoin Betting with Tether is available on: 

That being said, I think that most Crypto Bettors are cryptocurrencies believers and blockchain enthusiasts. So, we must have a Crypto Betting Strategy that protects our cryptocurrency investments.

Personally, I already hold cryptocurrencies, including Bitcoin, Ethereum, and ChainLink. When I need to deposit on Crypto Betting Site, I buy new coins with a fiat currency. It is a way to increase my crypto holdings progressively since I keep some balances and my winnings in Cryptos.

Cryptocurrency Investment Strategy

Of course, it is fine to use your crypto holdings to make deposits. Especially if you want to gamble with a part of your profits. Otherwise, you have to implement a Cryptocurrency Betting Strategy that protects your crypto investments.

Lower fees

 

Cryptocurrencies have very low fees. Indeed, you can transfer millions with Ethereum for less than a $5 fee.
However, a $5 or even a $1 fee is a significant amount when you make a $20 deposit.

Bitcoin used to have the biggest fees, while Ethereum smart contracts usage keeps ETH fees higher than other cryptocurrencies.

Save Deposit and Withdraw Fees

For this reason, if you are about to make small to medium deposits, altcoins are a wise choice.
Above all, Litecoin, Bitcoin Cash, Monero, and Dogecoin have transaction fees lower than $0.03.

In particular, Ripple (XRP) fees are lower than $0.002.

Finally, some sites like Betonline which only accept Bitcoin or Bitcoin Cash and hold balances in USD. I’m used to buying Bitcoin Cash to deposit there, while I withdraw with Bitcoin. So, I save fees and receive my winnings with my favorite coin!

Faster transactions

 

Cryptocurrencies provide fast transactions.

However, Crypto Betting Sites wait for a predefined number of confirmations before crediting your balance. One confirmation is one block added to the blockchain.

So, depending on the cryptocurrency block time and confirmations required, some deposits are faster than others.

To illustrate, here is an estimation of deposit times on Stake.com based on average crypto block times and the number of confirmations required.

Crypto Betting Deposit Time on Stake.com

As you can see, EOS, Tron, and Ripple Betting are the fastest way to deposit (less than a minute).

Ethereum Betting has a deposit time of around 3 minutes there.

For Litecoin Betting and Dogecoin Betting, you can expect between 5 and 15 minutes for deposit times.

Cryptocurrency Betting Offering

 

Let’s explorer the main cryptocurrencies allowing Crypto Betting.

If you need to get on of these, our guide shows how to buy these Cryptocurrencies in a couple of minutes.

 

Ethereum Betting

Ethereum is the second-largest cryptocurrency market capitalization, behind Bitcoin. The cryptocurrency generated by the Ethereum platform is Ether.

This blockchain went live in 2015 and can execute smart contracts. To keep it simple, it allows running decentralized applications.
For this reason, many cryptocurrencies and blockchain projects, including decentralized finance (DeFi), rely on the Ethereum platform.

Ethereum average block time is lower than 20 seconds. Its transaction fee is currently about $2.5.

Ethereum Betting is very popular. To illustrate, many Dapps, which are applications running on the ETH platform, allow gambling.

When it comes to Ethereum Sports Betting, most sites welcome Ethereum Punters.
Read the  reviews of my favorite ones:

Best sites for Ethereum Betting on sports or casino:

Ethereum Betting on Betcoin.ag (accepts all players except from USA, Australia, United Kingdom, Russia, Belarus, Kazakhstan, Ukraine)
Ethereum Betting on Betonline.ag (accepts player from US, and All over the world except France, UK, and Australia)
Ethereum Betting on Bookmaker.eu (accepts Players from all around the world)
Ethereum Betting on Cloudbet.com (accepts all players except from US, UK, Hong Kong, and Singapore)
Ethereum Betting on FortuneJack.com (accepts Players from all around the world)
Ethereum Betting on Sportsbet.io (accepts player from All over the world except USA, UK, and Australia)
Ethereum Betting on SportsBetting.ag (accepts player from US, and All over the world except France, UK, and Australia)
Ethereum Betting on Stake.com (Accept Players from anywhere except United States France and Netherlands)

Stablecoin Betting

 

A Stablecoin is a cryptocurrency backed on the US dollar. It means that one coin is constantly worth one US dollar.

Among stablecoins, Tether (USDT) is more used.

Stablecoin Betting

USDT-ERC20 transactions take place on the Ethereum platform.
For that reason, transaction fees and block time are the same as Ethereum transactions.

Stablecoin Betting is a great way to leverage Cryptocurrency Betting advantages with limited exposure to market volatility.

 

Best sites for Stablecoin Betting on sports or casino:

Ethereum Betting on Bookmaker.eu (accepts Players from all around the world)
Ethereum Betting on Cloudbet.com (accepts all players except from US, UK, Hong Kong, and Singapore)
Ethereum Betting on Sportsbet.io (accepts player from All over the world except USA, UK, and Australia)

 

Also, you can deposit Tether (USDT), DAI, TrueUSD (TUSD) as well as USD Coin (USDC) on Stake through its integrated exchange. So, the best place for Cryptocurrency Betting through Stablecoin deposits is Stake.

Ripple Betting

Ripple is the name of the society that operates XRP cryptocurrency.

On the contrary to other cryptos, a ‘centralized’ blockchain powers XRP transactions. For this reason, a part of the crypto community considers that XRP is not a real cryptocurrency.

That being said, thanks to its infrastructure, Ripple provides almost instant transactions with the lowest fees. XRP is definitely an efficient manner to move funds from one place to another.

Best sites providing Ripple Betting (both sportsbook and casino):

Ripple Betting on Betcoin.ag (accepts all players except from USA, Australia, United Kingdom, Russia, Belarus, Kazakhstan, Ukraine)
Ripple Betting on Betonline.ag (accepts player from US, and All over the world except France, UK, and Australia)
Ripple Betting on Bookmaker.eu (accepts Players from all around the world)
Ripple Betting on Sportsbet.io (accepts player from All over the world except USA, UK, and Australia)
Ripple Betting on SportsBetting.ag (accepts player from US, and All over the world except France, UK, and Australia)
Ripple Betting on Stake.com (Accept Players from anywhere except United States France and Netherlands)

Bitcoin Cash Betting

 

First, Bitcoin Cash (BCH) is a hard fork of Bitcoin that took place in 2017.

What does it mean?
At some point, a group of Bitcoin developers disagreed on how the protocol should evolve. So, they decided to split and go their own way by increasing the size of the blocks.

Bitcoin and Bitcoin Cash blockchains have the same blocks (and transactions) before the hard fork (August 1, 2017). At this time, Bitcoin holders were credited with the same amount of Bitcoin Cash.

That’s why Bitcoin Cash Betting is so popular.

But, they are two different cryptocurrencies (and blockchain) since August 1, 2017. And each one has its rate.

Bitcoin Cash’s average block time is about 10 minutes, while its transaction fee is lower than $0.01.

Bitcoin Cash is the best way to send money to a Crypto Betting Balance held in USD that only accepts BTC and Bitcoin Cash deposits. It saves significant transaction fees.

For example, when I bet on Betonline or Bovada, I buy Bitcoin Cash on an exchange, and I send it to the site.

Best sites for Bitcoin Cash Betting (both sportsbook and casino):

Bitcoin Cash Betting on Betcoin.ag (accepts all players except from USA, Australia, United Kingdom, Russia, Belarus, Kazakhstan, Ukraine)
Bitcoin Cash Betting on Betonline.ag (accepts player from US, and All over the world except France, UK, and Australia)
Bitcoin Cash Betting on Bookmaker.eu (accepts Players from all around the world)
Bitcoin Cash Betting on Bodog (accepts Players from Canada, India, and Latin America)
Bitcoin Cash Betting on Bovada.lv (accepts Players from USA)
Bitcoin Cash Betting on Cloudbet.com (accepts all players except from US, UK, Hong Kong, and Singapore)
Bitcoin Cash Betting on FortuneJack.com (accepts Players from all around the world)
Bitcoin Cash Betting on Sportsbet.io (accepts player from All over the world except USA, UK, and Australia)
Bitcoin Cash Betting on SportsBetting.ag (accepts player from US, and All over the world except France, UK, and Australia)
Bitcoin Cash Betting on Stake.com (Accept Players from anywhere except United States France and Netherlands)

Litecoin Betting

 

Litecoin Betting

Litecoin is an open-source fork of Bitcoin launched in 2011. In technical details, both are very close.

The Litecoin network generates blocks every 2.5 minutes. Its transaction fee is lower than $0.02.

Litecoin Betting is a great way to get low fee deposits. Depending on the number of confirmations required, Litecoin deposits can be fast too.

Once again, Stake is great for Litecoin Betting.

Besides, I recommend Sportsbet for Litecoin SportsBetting and FortuneJack for Litecoin Gambling (Casino and Sports Betting).

Best sites for Litecoin Betting (both sportsbook and casino):

Litecoin Betting on Betcoin.ag (accepts all players except from USA, Australia, United Kingdom, Russia, Belarus, Kazakhstan, Ukraine)
Litecoin Betting on Betonline.ag (accepts player from US, and All over the world except France, UK, and Australia)
Litecoin Betting on Bookmaker.eu (accepts Players from all around the world)
Litecoin Betting on FortuneJack.com (accepts Players from all around the world)
Litecoin Betting on Sportsbet.io (accepts player from All over the world except USA, UK, and Australia)
Litecoin Betting on SportsBetting.ag (accepts player from US, and All over the world except France, UK, and Australia)
Litecoin Betting on Stake.com (Accept Players from anywhere except United States France and Netherlands)

Monero Betting

 

Monero Betting

Monero is an open-source cryptocurrency providing enforced privacy. It ensures that all transactions are untraceable.

In other words, Monero is totally anonymous, while most cryptocurrencies are pseudonymous. Indeed, with cryptos, you don’t know who sent money, but you know from what address it comes from and where it goes.
On the contrary, no outside observer can tell the source, amount, or destination of a Monero transaction.

For Monero transactions, the average block time is about 2 minutes, and the fee is lower than $0.05.

FortuneJack is the best place for Monero Betting for both Casino games and Sports Betting.

Also, you can deposit Monero on Stake through its integrated exchange.

Dash Betting

 

Dash comes from a fork of the Bitcoin protocol launch in 2014. Initially named Xcoin, it was rebranded as Darkcoin and then as Dash in March 2015.

Its average block time is 2.5 minutes, and transaction fees are currently lower than $0.01.

Best sites for Dash Betting (both sportsbook and casino): Betcoin.ag, Bookmaker.eu, and FortuneJack.com.

 

Also, you can deposit Dash on stake through its integrated exchange.

 

Altcoin Betting through integrated exchange services

 

When it comes to Altcoin Betting, there are hundreds of cryptocurrencies based on blockchain technology. However, you can’t use most of them for Crypto Betting.

First, Bookmaker is the site accepting the most coins. But, keep in mind that your balance is held in fiat currency there.

Then, Crypto Betting Sites with a built-in exchange feature are interesting for unsupported Altcoins.

To illustrate, Stake lets players deposit with most Altcoins through its exchange service.

First, select your crypto to deposit with and the crypto to receive. For instance, you can deposit Chainlink and receive Ethereum.
Then, Stake will propose an exchange rate. Choose the amount to deposit and validate; the site will make the conversion for you and credit your player account with a Crypto you can Bet with.

On the poker scene, the skyrocketing room GGPoker allows Altcoin Betting, including Ethereum Betting, through Coinpayment.

Credit Card (US Dollar, Euro)

 

Those who don’t have cryptocurrency yet may ask how to get started with Crypto Betting.

First, we made a crypto beginner guide to get Crypto in six (6) minutes.

Secondly, the fastest way to start both getting Crypto and to begin Cryptocurrency Betting is to deposit with a Credit Card. In particular, Players buy a Cryptocurrency through a third-party service that sends the funds directly to its Crypto Betting Balance.

Indeed, Cloudbet, Sportsbet, and Stake let players credit their balance through Moonpay third-party services.

Credit Card Betting

Moonpay accepts Visa, MasterCard, Bank transfer from EU/UK, and some virtual cards, including Apple Pay. It sells Bitcoin, Bitcoin Cash (BCH), Dogecoin (Doge), EOS, Ethereum (ETH), Litecoin (LTC), Tron (TRX), Tether (USDT), and Ripple (XRP).

Finally, you can deposit with credit cards on all Cryptocurrency Betting Sites that hold balances in fiat currencies: Betonline, Bookmaker, Bodog, Bovada, and SportsBetting.

Even if you won’t get crypto in the first place, you’ll still be able to withdraw your winnings using Crypto.

Conclusion about Crypto Betting

 

I hope this article gave you a better understanding of the different cryptocurrencies features. Surely, Cryptocurrencies Betting helps reduce fees, wait, and limitations.

While it may be true that choosing the right Cryptocurrency leverages these advantages, picking the right Crypto Betting Site is crucial.

We made in-depth guides and reviews that present key information

 

The last word about EOS, Tron, and Dogecoin Betting, which are popular in the cryptocurrency community.

Stake.com is the best cryptocurrency betting site for these altcoins because it can hold balances with EOS, TRX, and DOGE.

FAQ

 

Is it legal to gamble with Cryptocurrency?

 

Cryptocurrencies are legit in most jurisdictions.

So, unless there are online gambling restrictions in your country, Crypto Betting is legal.

 

Is Cryptocurrency a good investment 2020?

We don’t give financial advice. This is my personal opinion, do your research before investing.

In my opinion, we are in the early stages of blockchain technology and cryptocurrencies. It offers amazing perspectives.

For that reason, I keep investing a reasonable part of my funds in the best cryptocurrencies.

What is Crypto Gambling?

 

Crypto Gambling is online Gambling using Cryptocurrencies.

The best cryptocurrency betting sites provide Ethereum and Crypto Sports Betting, Casino,  or Poker. 

Crypto betting sites bring new Provably Fair games, including Dice and Crash.

And Ethereum Betting on Dapps is very popular too.

How do you use Cryptocurrency for Sports Betting?

 

First, you have to register on the best crypto betting site.

Secondly, you send cryptocurrency to your player account.

Then, it works like Online Betting. Select your games and place your bets with Crypto or local currency, depending on how your balance is held.

After the game, your winnings are credited to your balance.

John Durand

About John Durand

I am 38 years old and I have been a professional poker player for 8 years. Sports and technology are my passions. See my Full Bio. I write Poker Room and Sportsbook reviews for Bet1coin.com as well as blog articles.

If you liked this page, using our links is the best way to reward us. Contact me at [email protected].