Best Crypto & Bitcoin Football Betting Sites 2024
Football is one of the favorite sports in America among kids and grown-ups, sports fans and bettors. If you also enjoy football events, you may try your luck and place bets on the upcoming matches. Yet, to do this, you need to pick a reliable website and decide on the payment method you’ll use to replenish your account. In recent years, Bitcoin football betting is gaining momentum as cryptocurrencies are fast, secure, and anonymous. We’re here to tell you more about crypto betting and how to use Bitcoin to place bets on football.
Why Switch To Bitcoin For Football Betting?
If you are a newbie to football betting, we advise you to start with crypto sportsbooks right away. However, if you are an experienced American football bettor who uses fiat currencies, we also encourage you not to ignore an opportunity to take your betting experiences to the next level with Bitcoin or different altcoins. We also had hesitations before switching to football betting sites that accept Bitcoin, but we did it and would do it again! Here are the reasons why you should not ignore these innovative betting destinations:
Pros And Cons Of Football Betting With Bitcoin
Of course, it is not all perfect in football betting with Bitcoin, and there are several disadvantages to using cryptocurrencies. However, for us, the benefits of those blockchain-based payment methods still outweigh the few drawbacks they have. Still, it is up to you to decide if Bitcoin or altcoins are suitable for your betting activities. To let your decision be backed by arguments, we will take a closer look at the pros and cons of crypto football betting.
Pros
The seven most essential advantages of crypto sportsbooks are explained below. Their list is not complete, of course, but those are the features that will certainly improve your NFL betting. For us, bettors with over 10 years of sportsbook experience, they appeared to be game changers.
Anonymity And Privacy
With NFL crypto betting sites, you no longer need to feel uncomfortable because your bank knows about your sportsbook activities. Crypto brought anonymity to punters all across the world. As a result, your privacy increased, too. Banks are no longer aware of your bets on American football, as well as other institutions that have access to your financial transactions.
Low Transaction Fees
A big choice of cryptocurrencies available on crypto football betting sites allows players to pay less for their deposits and transactions. Of course, fees are still charged to cover the cost of block confirmations in blockchain, but they are much lower compared to those demanded by banks or e-wallets. The exact sum depends on a selected cryptocurrency, but they can be as low as $0.01, as they are with Solana deposits and withdrawals.
Fast Transactions
The speed of transactions on Bitcoin football betting sites is higher than on fiat ones. Both deposits and withdrawals are processed instantly. The exact time required to process a transaction depends on a selected token and network load, but even cryptocurrencies with the slowest transaction time (like Bitcoin) are faster than fiat deposits or withdrawals. Fast transactions are one of the ways to add dynamics to your betting experience, as you do not need to wait long between a deposit and the time when money is credited to your balance.
No Chargebacks
Chargebacks available for credit and debit card holders are seen by some bettors as fraudulent activity and might be confusing. With Bitcoin and different altcoins available at crypto NFL betting sites, you do not need to worry about chargebacks, as there are none. You always receive what you have deposited, and this sum cannot be refunded. Nonetheless, you can initial a withdrawal transaction at any time, so chargebacks are basically unnecessary.
Global Accessibility
Online crypto football betting is more flexible than fiat one, and, as a result, it is more accessible to bettors from around the world. The number of jurisdictions that allow cryptocurrencies for sportsbooks or at least do not forbid them grows every year. Therefore, crypto betting is a perfect option for you if a traditional sportsbook is restricted in your country of residence.
No Bank Denials
Unlike some traditional payment methods that might be restricted in certain regions or countries, USDC operates on a global scale. This means that bettors from various parts of the world can easily access and use USDC for wagering. Additionally, USDC boasts a diverse ecosystem, including decentralized applications (DApps) and numerous cryptocurrency exchanges, further enhancing its accessibility. Its presence across multiple platforms and exchanges eliminates significant barriers, making it convenient for users to acquire USDC.
Security
Last but not least, it is security that makes many bettors choose American football betting with Bitcoin, as cryptocurrency transactions have several levels of security, and any fraudulent activity or hacking is rarely successful with them. Therefore, we rest assured that our money is well-protected when we have any cryptocurrency on our sportsbook balance. You can feel that confidence, too, if you opt for crypto betting.
Cons
As for the cons, there are some, of course. They mostly do not influence your betting experience directly. Still, it is good to consider the other side of the coin to understand how to act to minimize their impact if you decide to enjoy online crypto football betting.
Legal And Tax Implications
As cryptocurrencies are not legal in some jurisdictions, customers of BTC football betting destinations might face certain legal issues or tax implications depending on their country of residence. Some countries require you to pay taxes from your cryptocurrency winnings, while others don’t. However, if Bitcoin and other altcoins are not restricted by your government, this drawback will not impact you much.
Lack Of Recourse
Irreversibility of transactions for cryptocurrencies is probably one of the major cons of live Bitcoin football betting, as a wrong address or network will make your deposit or withdrawal lost. However, this drawback can be easily eliminated by yourself. From our side, we always double-check the address and ensure that the network matches it.
Volatility
Both fiat money and cryptocurrencies experience price changes from time to time. However, cryptocurrencies are more volatile, so they can experience price drops or rises more often. Therefore, we advise you to select more stable coins (USDT, XRP, or LTC) when you decide to keep your balance and do not withdraw for quite a long time. With cashouts soon after the winnings, any supported coin will work fine, and your winnings will not be affected by market volatility extremely fast. To minimize risks, consider converting your winnings from any token into USDT, USDC, or even fiat soon after withdrawal completion.
Lack Of Regulation
Indeed, cryptocurrencies are not controlled by any state, so the lack of regulations might stop some bettors from using them for their sportsbook activities. With the best Bitcoin NFL betting sites, this drawback is minimized, as top websites are often licensed by a respectful gambling authority that provides regulation and secures customer protection.
Limited Adoption
Even though Bitcoin football betting sites are available for players from different countries, they are not as common as fiat sportsbooks. Therefore, depending on your country of residence, your choice of cryptocurrency-friendly betting venues might be somewhat limited. Nonetheless, cryptocurrency adoption grows steadily, and we can see more and more crypto or mixed (both fiat and altcoins accepted) websites.
How To Start Bitcoin Football Betting
Now, when you know all the pros and cons of Bitcoin NFL betting and see the positive impact of crypto sportsbooks on your betting experience, we can imagine your desire to start enjoying it. We had similar feelings, too! Use our step-by-step guide below to ensure you spend minimum time between finding a trustworthy website and your first bet.
1
Find A Reliable Site
In this guide on the best NFL crypto betting experience, we offer you a shortcut and allow you not to spend hours searching for a worthy sportsbook, as we have already done thorough research for you. Thus, you can select any of the betting destinations listed above and start the registration process. If you still would like to surf hundreds of online operators to find the most suitable one for yourself, you can refer to a list of crucial features that should be taken into consideration when selecting a reputable sportsbook. It is provided further in the article.
2
Check Accessibility
If a website is restricted to your country, you will most probably get a message about this as soon as you try to access it. However, in cases when Bitcoin football betting seems to be accessible at first glance, it is still a good idea to look through its terms and conditions and ensure that your country is not on the list of restricted jurisdictions. Otherwise, you may face issues with payments and verification later.
3
Register And Deposit
When accessibility is checked, you can create your account. Press the Register button and fill in all the required information. Usually, it is an email address, username, and password (make sure to make it strong to have your funds secured). As soon as your account is created, head to the Deposit section and select a suitable cryptocurrency. The finest crypto American football betting sites have 5+ tokens to choose from. Copy the generated address for the selected network and insert it in your crypto wallet along with the deposit sum.
4
Get Your Bonus
As soon as your deposit is credited to your balance, you will be offered a chance to claim a welcome bonus. You can activate it before your first bet is made. Please note that all sign-up bonuses have certain wagering requirements that should be met before you are able to withdraw the winnings.
5
Play And Withdraw
After those easy steps (that normally take us 5-10 minutes to complete), you can choose your favorite football league, find a desired event, and start placing bets at crypto football betting sites. Those can be your single or multiple wagers per football match. If you were lucky to have correct predictions, your winnings will be credited to your balance shortly after the event is over. You can then withdraw them to your crypto wallet.
