Bitcoin (BTC) is the leading cryptocurrency in operation today. Despite being more commonly associated with online casinos, there are some UK betting sites which offer Bitcoin as a payment method. Payments are processed via a peer-to-peer network, with Bitcoin being available to buy and sell legally. Despite still being new to many, Bitcoin offers a secure and convenient way to add funds to your betting account. This page will outline the best Bitcoin betting sites in the UK today. Meanwhile, we will also explain how to use this option when it comes to Bitcoin sports betting, including its advantages and disadvantages in comparison to e-wallets and other options.
Here’s a snapshot overview of the top 5 online bookies for Bitcoin etting in the UK:
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Sportsbet.io is a specialist cryptocurrency betting site that was founded in 2016. The bookie’s aim is to offer a fun, fast and fair betting site, with punters being attracted because of their sports coverage, 24/7 support, fast payouts and ongoing promotions. The bookie has named Australian cricket legend Brett Lee as a brand ambassador, while it is also the official betting partner of Arsenal FC.
Sportsbet.io also delivers when it comes to both in-play and virtual sports betting, with acca boost, pulse betting and build a bet features adding to the overall user experience. Casino games from software providers including Microgaming, Play’n GO and Evolution Gaming are also available.
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Betway has long been one of the biggest bookies in the UK. Sponsoring West Ham United, PSG eSports, Leicester City and Brighton & Hove Albion, Betway attracts new customers thanks to its sports coverage, live betting/streaming opportunities and competitive odds. The bookie is also one of the few to accept payments via BTC and other cryptocurrency.
Betway also has a dedicated eSports betting platform, where bets can be placed on CS:GO, League of Legends, Dota 2 and a host of other games. Elsewhere, Betway offers 24/7 support to both desktop and mobile punters, while cash out is available on many pre-match and in-play markets.
Payments at 888Sport are accepted using Bitcoin via Skrill, making the top bookie all the more appealing. 888Sport was founded in 2008, quickly becoming one of the most popular betting sites in the UK. A generous welcome bonus awaits new customers, worth £30 in free bets, while bets can be placed on over 30 different sports. 888Sport is licensed and regulated by the Gambling Commission.
888Sport is easy to use on both desktop and mobile, with a good number of promotions being available to existing customers too. 24/7 customer support is available via telephone, email and live chat, while a fantastic online casino also awaits players.
Founded in 2001, NetBet is fully licensed and regulated by the Gambling Commission. NetBet became the first UK licensed operator to accept Bitcoin payments in 2016, with deposits using this method starting at £10 and taking under 30 minutes. NetBet also delivers a host of promotions, catering for both new and existing customers.
Bets can be placed on 25+ sports, with odds being competitive across the board. A results page provides large amounts of information surrounding sporting events, while cash out, bet maker and statistics features only add to the bookie’s appeal. NetBet is associated with BeGambleAware and GamStop, helping to promote online gambling responsibly at all times.
Founded in 2012, EnergyBet is licensed in both the UK and Malta. Offering a generous welcome bonus up to £50, EnergyBet is one of the few betting sites to accept Bitcoin, which is available up to a maximum deposit of £1,200. Meanwhile, EnergyBet is also a leading operator when it comes to live betting, with 16 different sports having been found at the time of writing this page. Esports is also big business at EnergyBet, with markets being available on CS:GO, Dota 2, Valorant and more.
An efficient mobile app is available to iOS and Android users, while the bookie has won a host of industry awards over the years. Despite not offering any live streaming, EnergyBet meets the needs of most betting customers when it comes to features, with cash out and live chat support being available. EnergyBet also offers bets on entertainment and politics, such as award shows, TV programs and elections.
The number of betting sites accepting Bitcoin is growing fairly quickly. However, we do simply not recommend each and every one. In order to meet our strict criteria, Bitcoin sports betting sites must perform well in the following areas:
Before you sign up with a Bitcoin betting site and start processing payments in this way, there are a number of factors to consider. So, in order to ensure that you get the most out of Bitcoin and remain safe at all times, consider the following points:
Bitcoin makes it possible to make payments at any time, anywhere. However, users must ensure that their wallet remains secure at all times. It is your responsibility to keep your wallet secure. This can be achieved by ensuring that software is up to date, keeping login details safe and regularly backing it up. Meanwhile, punters may have to verify their wallet through the KYC process.
The price of Bitcoin can be volatile. It can increase or decrease within a short period of time, meaning that it is risky to store Bitcoin indefinitely. Prices fluctuate due to liquidity and its relatively short history.
Bitcoin transactions cannot be reversed. Refunds can only be processed by the individual receiving funds. As such, be sure to only operate with trusted bookmakers, who have developed a good reputation over a number of years.
Despite some claims, Bitcoin payments are not anonymous. Each transaction is stored on a network, meaning that all can be viewed publicly. While your identity remains unknown, this again demonstrates just how important it is to protect your privacy at all times.
The UK government still treats Bitcoin as a foreign currency, meaning that it is largely unregulated. When Bitcoin is exchanged for pounds, no VAT will be required, however profits and losses made are subject to capital gains tax. It is no one else’s responsibility but your own to ensure that you comply with laws in this area.
Whether you are new to Bitcoin or have long been using the cryptocurrency, it is important to only register with a betting site that offers this method of payment legally. In the UK, this means being licensed and regulated by the Gambling Commission, the leading authority controlling gaming laws.
The Gambling Commission logo will be displayed at the bottom of Bitcoin betting sites where applicable, making it easy to decipher which bookies are regulated where you live and which are not.
Meanwhile, Bitcoin betting sites use independent testing agencies to confirm that activity is fair and safe, such as eCOGRA. Betting sites solely operating using Bitcoin, and other cryptocurrencies, can operate from any country, which is one of its selling points. However, be sure to look at the reputation of an operator before signing up. T
he sites listed on this page all legally offer Bitcoin as a method of payment.
As with any payment method, Bitcoin comes with both benefits and limitations for betting customers. So, before buying and selling Bitcoin, let’s look at its main advantages and disadvantages:
Using Bitcoin is actually relatively simple, however it does take some time to get your head around. In order to help you on the way, we have put forward the following step by step guides surrounding depositing and withdrawing funds at betting sites using Bitcoin:
A host of Bitcoin wallets are available online today, acting as a storage platform for your Bitcoin keys. Be sure to keep your wallet secure at all times, keeping your login details safe and regularly carrying out backups. Be sure to open a wallet with a respected and trustworthy provider.
Purchasing Bitcoins is also simple, with thousands of outlets being available. Look into the prices on offer, similarly to how you would view an exchange or interest rate at a bank. Keep in mind that purchasing Bitcoins with one provider does not mean that you are limited to sticking with it for good. Bitcoin purchases can be made at as little as 0.00000001 BTC.
Enter your betting account and locate the cashier page. Select Bitcoin as your preferred method of payment, before entering the amount you wish to deposit. Your bookie will then generate an address where you should send your payment. Copy this address and enter it on your Bitcoin wallet page. Deposits via Bitcoin will often be instant, however bettors may have to wait up to 30 minutes for payments to be processed. When making your first deposit on a Bitcoin gambling site, take into account the first deposit bonus terms.
Withdrawals can also be processed using Bitcoin. The process is very similar to when depositing funds in fact. Again, punters must generate a Bitcoin address, before entering it on the withdrawal page. Withdrawals using Bitcoin will vary in their processing times, depending on the specific bookie. Funds will appear in your Bitcoin wallet once processed, which can either be used to spend online or transferred back to your bank account.
If you are not 100% convinced by what you have read concerning Bitcoin on this page, it is well worthwhile looking at the alternative payment methods available at UK betting sites. The table below breaks down the most popular options available to punters today, keeping in mind that a credit card can no longer be used at online sportsbooks:
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Betting bonuses specific to new customers using Bitcoin are hard to come by, especially in the UK. The betting sites recommended on this page all offer some form of welcome offer, however many fail to state in their terms and conditions as to whether deposits made using Bitcoin are eligible. So, be sure to look at the bonus terms in full before signing up and depositing, while it may well be worth contacting the bookie for yourself. We will update this section upon Bitcoin betting bonuses from safe bookies being introduced.
Bitcoin is the most popular cryptocurrency around, with an increasing number of bookies having introduced it as a payment method. While there are a number of unregulated Bitcoin betting sites, punters can rest assured that we only recommended trusted operators. Depositing and withdrawing funds using Bitcoin is both quick and convenient, with an increasing number of punters having turned to cryptocurrency. So, be sure to check out our recommended Bitcoin betting sites for yourself.
Before you can start wagering using Bitcoin, punters must first open and add funds to their wallet. Having done so, create an address and enter it at the time of depositing on your betting site. Bitcoin prices change regularly, which will impact how much you generate when depositing. Before you buy Bitcoin, be sure that you find a Bitcoin sportsbook that meets your needs.
All that is required when depositing funds on a betting site with Bitcoin is your key. As such, your name or details are not made public. However, each and every Bitcoin transaction is available to view on a public system, meaning that Bitcoin is never completely anonymous.
Yes. While regulation surrounding Bitcoin is still something of a grey area in the UK, the Bitcoin betting sites recommended on this page are all 100% legal. When betting using Bitcoin, be sure that you are doing so with a bookie that is licensed and regulated by the Gambling Commission.
Cryptocurrencies, including Bitcoin, is one of the safest methods of adding funds to your online betting account. However, it is ultimately your responsibility to ensure your safety.
Bitcoin is still relatively new, especially in comparison to other methods of payment. The number of bookies accepting Bitcoin is growing slowly, so be sure to keep a close eye on this page for updates.
Bitcoin Cash is a cryptocurrency that was created in 2017 as a fork of Bitcoin. Bitcoin Cash processes transactions quicker, trading on digital currency exchanges such as Bitstamp and Coinbase.
James is a freelance writer who specialises in the world of sports and iGaming, producing engaging and accurate content for online publications, including news articles, reviews, press releases and social media marketing.
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