You bet on cryptocurrency permeating the mainstream and have done pretty well for yourself. Now you can use your crypto gains on legitimate sportsbooks. Bet with Bitcoin and your other favorite coins on football, soccer, baseball, fights, and more.
How to Get Started with Bitcoin Sports Betting
If you’d like to start sports betting with cryptocurrency, there are a few methods you can use:
- Bet directly with cryptocurrency using a sportsbook that accepts crypto
- Load the BitPay Card and use at your preferred sportsbook, app, or on-premise betting location
Place Bitcoin Sports Bets Directly from a Crypto Wallet
Many legitimate sportsbooks and betting organizations allow you to place bets directly from your crypto wallet. What may have seemed inconceivable just a few years ago is now a reality. Take your favorite coins, choose your bets, and profit. In order to place your bets and store your winnings, you will need a safe and secure crypto wallet. The BitPay Wallet uses industry-leading security features and is a non-custodial wallet. This means you, and only you, have access to your funds.
How to Place Sports Bets Using Cryptocurrency
- Get a crypto wallet
- Buy your preferred coins (you can use a credit card to buy crypto in the BitPay app)
- Pick your online sportsbook that accepts cryptocurrency
- Place your bets
Heads up: The legality of online sports betting varies from state to state, and the federal law prohibiting such gambling across state lines is still applicable.
Bet on Sports with Bitcoin Using the BitPay Card
An alternative way to bet with cryptocurrency is to use the BitPay Card. It acts just like any other debit card and can be used with all sportsbooks that accept Mastercard. Instead of pulling funds from your bank account, you load up the card from any compatible crypto wallet within the BitPay app.
Use the BitPay Card to place bets with your favorite online sportsbooks and betting apps like FanDuel, Draft Kings, or BetMGM. Load or spend up to $10,000 per day with the card. You can even take cash out from any ATM to use at casinos or in-person betting locations.
The only crypto card for high stakes betters
Bet Smart, Safely and Responsibly
All of the same common sense rules apply when you’re sports betting with cryptocurrency. Follow these easy rules to ensure a safe and responsible betting experience.
- Never give your wallet keys to anyone. The BitPay Wallet is non-custodial, meaning that no one other than yourself will have access to your wallet. Even BitPay can’t access your wallet.
- Only bet what you’re willing to lose.
- Set your betting limits and stick to them.
Bonus: Bitcoin Gambling
Did you know in addition to making sports bets, you can also play for your favorite card games and games of chance with crypto? Read our complete guide to Bitcoin gambling and crypto casinos.
FAQs about Bitcoin Betting
Is betting with crypto safe?
Placing sports bets with cryptocurrency carries the same risk and odds as betting with cash.
Is betting with Bitcoin and other cryptocurrency legal?
The legality of using cryptocurrency to fund bets varies from region to region. You should check your local laws before betting with cryptocurrency.
What sports can I bet on with cryptocurrency?
Buy cryptocurrency then bet on any sport or stat you enjoy! Where legally available, football, soccer, baseball, hockey, or even curling are all sports you can place bets on.
What cryptocurrency can I use to place sports bets?
Cryptocurrency accepted directly from online sportsbooks may vary. BitPay supports Bitcoin, major alt coins, tokens, and stable coins. We are constantly evaluating and adding new coins. Currently we support Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), XRP (XRP), Dai (DAI), Binance USD (BUSD), USD Coin (USDC), Wrapped Bitcoin (WBTC), Pax Dollar (USDP), and Gemini Dollar (GUSD).
