US online sportsbooks offer crypto bonuses to encourage bettors to fund their accounts with Bitcoin, Litecoin, and other crypto deposit methods. Depositing with crypto has tremendous advantages, so any US sports bettor should consider the option. The volatility of the market might scare bettors away, but the pros and cons should be weighed.
Our guide to US online crypto bonuses gives bettors the information they need to make a good choice. We provide a glossary of terms, plus a list of the common crypto deposit options you’ll encounter. We discuss the advantages of crypto bonuses while describing how to deposit and withdraw cash with cryptocurrencies. Let’s start with the pros and cons.
Pros and Cons of Crypto Deposits and Bonuses
- Crypto Bonuses are the Biggest: Online bookmakers save on transaction fees with crypto, so they offer bigger bonuses for crypto than they do for credit cards and bank transfers.
- Safer and More Secure: Deposits and payouts have greater safety and security when using crypto. Blockchain technology assures both privacy and transparency. You’re anonymous, so identity thieves can’t steal your information.
- Faster Payouts: Because verification is simpler, crypto payouts happen much faster than credit card withdrawals. You’ll have the money within hours if not minutes.
- Bigger Payouts: Sportsbooks offer huge withdrawal limits for crypto payments. Two of our featured bookmakers offer $50,000 payouts per day.
- Market Volatility: One huge drawback is the volatility in the crypto markets in 2023. It’s a bit of a gamble to use Bitcoin right now, which adds another layer of gambling to your sports betting bankroll.
US Online Sports Crypto Bonuses and Deposit Methods
| SPORTSBOOK | BONUS | CRYPTO DEPOSIT METHODS |
| BetUS Sports | $3125 | Bitcoin, Litecoin, Ethereum, Bitcoin Cash |
| MyBookie.ag | $1000 | Bitcoin, Litecoin, Ethereum, Bitcoin Cash, BNB, Solanta, Tether, Cardano, Shiba Inu, Dogecoin |
| Bovada Sports | $750 | Bitcoin, Litecoin, Ethereum, USD Tether, Bitcoin Cash, Bitcoin SV |
The Top US Online Sportsbook Crypto Deposit Methods
Those are the major arguments for and against crypto deposits. If you decide to make a crypto deposit and accept crypto bonuses, the new question to answer is which cryptocurrency to use. Bitcoin is the most famous, but several of the altcoins improve upon Bitcoin in speed, flexibility, and usefulness. Here’s the rundown.
Bitcoin Deposits (BTC)
- Original and most well-known cryptocurrency
- Widely accepted at US online sportsbooks
- Offers fast and secure transactions
- Can be used for both deposits and withdrawals
Litecoin Deposits (LTC)
- Launched in 2011 as a faster and cheaper alternative to Bitcoin
- Uses a different hashing algorithm than Bitcoin
- Accepted by some US online sportsbooks for deposits and withdrawals
Ethereum Deposits (ETH)
- Created as a platform for decentralized applications and smart contracts
- Accepted by some US online sportsbooks for deposits and withdrawals
- Uses a different blockchain technology than Bitcoin
Bitcoin Cash Deposits (BCH)
- Forked from Bitcoin in 2017 with larger block sizes for faster transactions
- Accepted by some US online sportsbooks for deposits and withdrawals
- Offers faster transaction speeds than Bitcoin
Bitcoin SV Deposits (BSV)
- Forked from Bitcoin Cash in 2018 with a focus on scalability and stability
- Accepted by some US online sportsbooks for deposits and withdrawals
- Offers faster transaction speeds and lower fees than Bitcoin.
Dogecoin Deposits
- Created as a meme-inspired cryptocurrency
- Accepted by some US online sportsbooks for deposits and withdrawals
- Known for its low transaction fees
Online Sports Betting Cryptocurrency Glossary
| TERM |
DEFINITION |
| Bitcoin | A decentralized digital currency that can be used for online transactions without the need for intermediaries such as banks. |
| Bitcoin Bonus | An incentive offered to users who make a deposit or place a bet using Bitcoin as their payment method. |
| Bitcoin Cash | A cryptocurrency that is a fork of Bitcoin and designed for faster and cheaper transactions. |
| Bitcoin Exchange | A platform that allows users to buy, sell, and trade Bitcoin for other cryptocurrencies or fiat currency. |
| Bitcoin SV | A cryptocurrency that is a fork of Bitcoin Cash and aims to increase the block size limit to enable greater transaction throughput. |
| Bitcoin Wallet | A digital wallet used to store, send, and receive Bitcoin. |
| Blockchain | A decentralized digital ledger that records all Bitcoin transactions. |
| BTC Reload Bonus | An incentive offered to users who make a deposit using Bitcoin as their payment method for the second or subsequent times. |
| BTC Sportsbook | An online sportsbook that accepts Bitcoin as a payment method for placing bets. |
| Cryptocurrency | A digital asset designed to work as a medium of exchange that uses cryptography to secure transactions and control the creation of new units. |
| Crypto | Short for cryptocurrency. |
| Crypto Address | A string of characters used to send and receive cryptocurrency. |
| Crypto Bonus | An incentive offered to users who make a deposit or place a bet using cryptocurrency as their payment method. |
| Crypto Exchange | A platform that allows users to buy, sell, and trade cryptocurrency for other cryptocurrencies or fiat currency. |
| Crypto Wallet | A digital wallet used to store, send, and receive cryptocurrency. |
| Dash | A cryptocurrency that aims to offer faster and more private transactions than Bitcoin. |
| Decentralized | A system that operates without a central authority or control, such as a government or financial institution. |
| Dogecoin | A cryptocurrency that started as a joke but has gained popularity for its low transaction fees and fast transaction times. |
| Ethereum | A decentralized platform that enables the creation of smart contracts and decentralized applications. |
| Private Key | A secret code used to access a cryptocurrency wallet and authorize transactions. |
| QR Code | A two-dimensional barcode that can be scanned to quickly and easily transfer cryptocurrency. |
| Crypto Supply | The total amount of a cryptocurrency that exists and can be traded. |
| Litecoin | A cryptocurrency that is a fork of Bitcoin and designed for faster and cheaper transactions. |
| Market Value | The current price of a cryptocurrency multiplied by the total number of coins or tokens in circulation. |
| Ripple | A cryptocurrency designed for fast and low-cost international money transfers. |
| Smart Contracts | Self-executing contracts that automatically enforce the terms of an agreement using blockchain technology. |
| Wallet Address | A unique identifier used to send and receive cryptocurrency from a wallet. |
How to Make Crypto Deposits at US Online Sportsbooks
To make a deposit using crypto payments at an online sportsbook, read the following steps. You’ll be making sports bets with a fully funded sportsbook account within a few minutes. If you don’t have a crypto wallet or an account at a crypto exchange, the first deposit will take 30 minutes to an hour.
- Log In or Sign Up: Log in to your account and visit the Cashier page. If you don’t have a sportsbook account yet, sign up at your chosen online bookmaker.
- Choose a Crypto Method: From there, choose a crypto payment method, such as Bitcoin (BTC), and enter the deposit amount.
- Find QR Code and Wallet Address: The sportsbook cashier page provides a wallet address and QR code to scan with your mobile device. If you’re using an Android or iOS device, scan the QR code.
- Copy the Wallet Address: If you’re using a desktop computer, simply copy and paste the wallet address into the exchange’s site platform.
- Confirm at the Blockchain: After the deposit is confirmed on the blockchain, which usually takes less than 15 minutes, your funds will be available in your sportsbook account.
How to Use Crypto for Withdrawals at Online Sportsbooks
Crypto withdrawals are a bit different than deposits, so follow these steps to cash out your winnings using a crypto payment method. Once you’ve made a few crypto deposits and withdrawals, the whole process will be easy for you.
- Log In: Sign in to your online sportsbook account.
- Cashier Page: Visit the cashier page and find the payout methods list.
- Choose a Crypto Method: Select Bitcoin or another crypto method as your preferred withdrawal method and type in the amount that you want to withdraw.
- Public Wallet Number: Type in the public wallet number when prompted and confirm the withdrawal request.
- Wait Patiently: A short verification process takes place and the casino should send your winnings within 24 hours, sometimes within an hour.
- Check Pending Time: If uncertain, check the pending time on the cashier page as most legit online sportsbooks display a pending time on payout requests.
Crypto and Bitcoin Bonuses Online Sportsbook FAQ
Is it safe to place sports bets with crypto?
Yes, but you must find the right online crypto sportsbook. Don’t deposit in the first crypto sportsbook that appears on Google. Read online sportsbook reviews, visit sports betting forums, and read Reddit discussions about crypto sportsbooks. Don’t give too much weight to any single review or a single poster’s comments, but get an idea of the consensus on crypto sports betting sites.
Once you find a trusted online sportsbook that supports crypto, you’ll be playing at one of the safest sports betting sites online. Using crypto deposits and withdrawals protect your transactions much more than using credit cards, web wallets, or bank transfers.
How do I place Bitcoin sports bets?
Sign up at a crypto online sportsbook. Log in to your account and send Bitcoin from your crypto wallet to your player account. Once that happens, you should be able to make Bitcoin bets on sporting events anytime day or night.
When you make a first-time deposit at an online sportsbook, you’ll receive a Bitcoin bonus. This involves bonus money most of the time but might include a free sports bet. At the moment, free $25 sports bets seem popular. Accept these offers. They might not always win but they give you one extra chance to win your Bitcoin sports bets.
What is the best sports betting site using cryptocurrency?
Our recommendation is BetUS. Not does it have one of the best welcome bonuses for US sports bettors, but it also has an online racebook and online casino. Bettors can wager using Bitcoin, Litecoin, Ethereum, or Bitcoin Cash.
Bovada is another excellent US online sportsbook that supports crypto deposits and withdrawals. Bovada has an online sportsbook, racebook, online casino, live casino, and poker sites. Bovada Sports also has more crypto deposit methods: Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Bitcoin SV, and USD Tether.
If you want a sports betting site with the most cryptocurrency payment methods, try MyBookie. While MyBookie’s welcome bonus isn’t as big as BetUS’s bonus, it supports deposits using 10 different cryptos: Bitcoin, Litecoin, Ethereum, Bitcoin Cash, USD Tether, BNB, Solanta, Cardano, Shiba Inu, and Dogecoin.