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Bitcoin Betting Sites for UK Bettors

bitcoin betting sites

The emergence of cryptocurrencies has shaken up the world. To some, they offer seamless cross-border payments and to others, they are safer by design. They can also be cheaper, faster, or just more convenient for many. Bitcoin (BTC) stands tall among all coins. Now, notably, cryptocurrencies are not accepted by any UKGC-regulated casino. As such, your only option is to find Bitcoin betting sites that serve the international market including the UK.

So, for the UK punters looking to use BTC as a payment method, we have put together this guide to Bitcoin sports betting that will allow you to find good options. All of these are UK bookmakers without GamStop, so you don’t need to worry about that self-exclusion programme on any of our recommendations.

All Bitcoin Bookmakers in the UK

Top Bitcoin Bookmakers For UK Punters

All right, now it’s time to summarise the different platforms we mentioned in the list above. Here, we are going to break down the core features and the key highlights, to give you an insight into the platform. Keep in mind that we also have detailed reviews on all of these best Bitcoin sportsbooks that you can read for more information, such as pros and cons.

1
freshbet betting site not on gamstop

FreshBet Betting Site

100% Up to £500

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FreshBet is the top Bitcoin sportsbook for UK punters. First of all, it has quite generous promotions for betting enthusiasts, a 3 + 1 free bet promo, a 155% crypto welcome bonus, a 100% matched deposit bonus on your first deposit on the sportsbook wallet that can go as high as £500, and a 10% loyalty bonus for all members.

The platform covers all markets, provides highly dependable odds, and offers a user-friendly interface to find your favourite leagues and place bets on them. There are all the features available here that you’d expect on a modern sportsbook such as live scores and live streaming of ongoing tournaments. All in all, FreshBet is one of the best ways to place bets and win big.

2
donbet betting site not on gamstop

DonBet Sportsbook

Sports Welcome Bonus 120% Up to €600

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DonBet Bookie is a good option for those who don’t wish to compromise on either quality or quantity. It boasts an amazing selection of sports markets and industry-leading features such as live scores, accurate odds, and even live coverage of the ongoing leagues (only the most famous ones). All of that makes DonBet one of the finest BTC gambling sites available to UK punters out there.

The user experience and mobile optimisation of the platform are also aspects that we loved. The customer support staff is friendly, prompt, and reliable. The sports-specific bonuses are also pretty lucrative.

3
Goldenbet sportsbook UK

GoldenBet Betting Site

100% Deposit Bonus up to £500

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GoldenBet Sportsbook is another excellent platform for UK-based punters. It has some of the most generous perks and daily bonuses, an impeccable list of sports markets to bet on, and top-notch platform features. Anyone looking for betting sites with Bitcoin will find GoldenBet to be a worthy contender among all of the other recommendations we have here.

The key highlights of this sportsbook include the coverage of pretty much every sporting event in the world and the above-average accuracy of odds in major leagues and tournaments (particularly football and tennis). You can also place your bets on highly reliable outright odds here for future leagues and winners.

4
cosmobet betting site not on gamstop

CosmoBet Betting Site

150% Up to €1000

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Cosmobet Bookie is a compelling choice among sportsbooks, presenting a range of enticing features for UK punters seeking reliable odds. With a flat 20% cashback on all crypto deposits, progressive betting that amplifies winnings from 5% to an impressive 100%, and a bonus structure rewarding every third bet with a free fourth one, CosmoBet stands out as a platform that values its users. It makes betting with Bitcoin easy for anyone.

Notably, the sportsbook boasts a substantial 150% match bonus, extending up to £1000, furthering its appeal as an excellent venue for placing bets in the UK. Accepting major payment methods, including Bitcoin and credit cards, CosmoBet caters to punters of diverse preferences and all types.

5
velobet betting site not on gamstop

VeloBet Betting Site

Welcome Sports Bonus 150% Up to €1000

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VeloBet betting site is our last option. The sports betting section here is full of all the perks that you would need. It has fast updating real-time odds and a live score functionality. The bet slip here is quite fast. It’s a leading Bitcoin betting platform for UK punters from every angle. As one of the more modern and sleek platforms out there, it certainly doesn’t disappoint when it comes to covering all leading game markets and ensuring a good user experience.

The platform encompasses a vast array of international sporting events, spanning popular titles such as football, basketball, tennis, volleyball, American football, table tennis, golf not on GamStop and Formula 1. Whatever your sporting preference, VeloBet ensures comprehensive coverage, providing odds that cater to a diverse range of interests. Renowned as a premier international bookmaker, VeloBet distinguishes itself with an exceptional payment interface, simplifying the processes of depositing funds and withdrawing winnings.

Main Features Of Sports Betting Sites That Accept Bitcoin

There are several distinguishing features of Bitcoin-accepting bookies available to UK players. They can be broken down into sets of pros and cons. And that’s precisely what we’ve done. This will help you make an informed decision. We will cover the five advantages first and then talk about the three potential deal-breakers that you need to be aware of.

Advantages of BTC Betting Sites

First of all, we will talk about the pros of these platforms. All of these platforms share some key features that make them better than typical UK-based bookies you can find online. Here are these features:

Anonymity and Privacy

All of these platforms make it quite easy to sign up. For example, signing up on FreshBet only requires your name, email, username, and password. You will also choose your country and currency. And once you’re verified, you can make your first deposit. These sportsbooks with no ID-verification are really good for those who want to get in on the action without any delays. Withdrawals will trigger relaxed KYC checks.

Global Accessibility

Whereas a bunch of UK-based bookies are limited to serving the local market only, these are international sportsbooks serving entire continents – like all of Europe, for example. The perks of worldwide betting don’t end at more availability. But as the competition is high in this domain, the bonuses and features are also generally better than what you will find on sportsbooks limited to a specific region.

No Interference from UKGC Institutions

One thing that we like about all major betting sites outside the UK is their freedom from the clutches of the UKGC. The UKGC makes it impossible for a UK-registered bookie to accept BTC payments or credit card payments. Furthermore, all platforms under the UKGC must also be part of the GamStop self-exclusion programme. None of that applies to these international betting sites and you can use any credit card on VeloBet and disregard GamStop entirely on GoldenBet, and so on.

Faster Withdrawals and Lower Transaction Costs

Compared to the world average and more specifically, the average speeds of UK-based bookmakers, these offer significantly faster withdrawals and much lower transaction costs – especially on cryptocurrencies like Bitcoin. Bitcoin is an inherently faster mode of payment even when transacting across continents. Whereas e-wallets, which are pretty fast as well, might charge their own fees and have lower exchange rates, cryptocurrency transactions on these platforms offer a cheaper withdrawal experience.

Innovative Betting Options

Between strictly licensed bookies like those under the UKGC and these international bookies, which ones do you think are more open to adding more innovative features to their platforms? Of course, it’s these international sportsbooks. They offer new payment methods, more bonuses, and introduce new markets. It’s also very likely that they will add more user-friendly features to win over their competition.

Negative Sides Of Bitcoin Bookies

So far, we’ve been talking about what’s so good about these BTC betting sites based outside the UK. Well, as it turns out, there are their fair share of drawbacks that you must keep in mind before you register and start betting.

Lack of Regulation

The lack of regulation from a strict regulatory body like the UKGC – the exact thing that gives them some superpowers and more creative control – can be a double-edged sword and hurt the punters. For example, they can be pretty unfair in their terms, introduce new terms altogether, and pull out any welcome offers without notice. This is a risk that you have to take when you bet on non-UKGC bookmakers.

Risk of Irreversible Transactions

Bitcoin and other cryptocurrencies are popularly known as a one-way highway. Once you send crypto to an address, there’s no way to get it back in case it makes it into a different account or the amount is higher than you wanted to send. These irreversible transactions are a major threat to your financial security. Any other payment method from PayPal to debit cards will allow you to raise a dispute and get your money back because those are centralized.

Exchange Rate Risks

Lastly, there’s also a risk of paying more than you expected or getting less than you expected due to cross-border exchange rates. Though many of these websites offer the pound as a main currency, it’s not rare for them to revert to their default currency, which is often the euro, and charge a lower exchange rate than the market value, thus incurring a net loss on your deposit or withdrawal transaction.

How To Use Bitcoin For Sports Betting?

Bitcoin is a digital-only asset that’s only controlled by the blockchain behind it. As such, it’s an immutable and permissionless mode of transaction that requires no intermediary to facilitate transactions from one wallet to another. Here are the steps to get started:

Time Required: 10 Minutes
Tools Required: Internet
Supply Required: No
STEP 1

Create a Bitcoin Wallet

First of all, you will need to create a Bitcoin wallet. The higher the security you want, the lower the convenience or user experience will be. This starts at the most secure method – hardware wallet to software wallets safeguarded with 12-word seed phrases and finally to wallets you have on exchanges like Binance, the least secure but the most convenient of them all.

STEP 2

Acquire Bitcoin

Once you have a wallet with a unique address, it’s time to get some BTC. Buy BTC off an exchange or use a peer-to-peer service to get paid directly in your wallet.

STEP 3

Deposit Bitcoin into a Betting Account

Now that your wallet is reflecting your BTC amount, you can open the banking section of the casino and choose Bitcoin from the deposit methods. It will show a BTC address and a QR code. You can use either to transfer BTC from your wallet to the casino’s.

STEP 4

Place Bets Using Bitcoin

Deposits are not instant and are subject to “confirmations” that happen over time, depending on the network’s speed and congestion. Once confirmed, the BTC deposit will appear in your cash balance at the casino. Play with the BTC as you would normally play with any other currency.

STEP 5

Withdraw Winnings in Bitcoin

Once you have winnings that you need to withdraw, go to the banking page and choose the BTC withdrawal. There, add your address and the withdrawal will be processed. Again, it can take some time.

Steps To Withdraw Winnings From Bitcoin Sportsbook

All of the sportsbooks we have mentioned have a streamlined withdrawal process. They also try to process the payment as soon as possible. Here are the step-by-step instructions to invoking a withdrawal request and getting paid in your BTC wallet:

  • Access Your Betting Account: Once you’ve used up the welcome bonus, it’s time to withdraw your winnings. Go to your account and open the cashier section.
  • Go to the Withdrawal Section: Here, choose to withdraw and you will find a list of all available methods. Bitcoin will most likely be the first method.
  • Choose Bitcoin as the Withdrawal Method: Choose Bitcoin as your withdrawal method. This will open up additional options.
  • Enter Amount and Wallet Address, Confirm, and Wait: Here, fill up the fields for the amount you want to withdraw and your own wallet address. Confirm the details and proceed. You might need to wait for blockchain confirmations.

Bonuses You Might Encounter At Bitcoin Betting Sites

Bitcoin sportsbooks tend to have some of the most generous promotions ongoing at all times. During our research, we found four types of Bitcoin bonus options that are especially common and quite amazing. Here they are:

Bitcoin Sports Welcome Bonus

These sites provide matched deposit bonuses of anywhere from 100% to 200% on your first BTC deposit. These are crypto welcome bonuses actually, and apply to deposits made using any of the accepted cryptocurrencies. If you’re using Bitcoin, you can use these offers easily. Note that you need to top up your sports wallet for this, not the casino wallet.

Deposit Matches

Next up we have matched deposit bonuses that are not part of the sports welcome bonus. This means that you can get them multiple times, sometimes twice a week! These are also matched deposit bonuses of around 100% and carry their own terms and conditions, such as what are the minimum odds that will count toward the wagering requirement for the bonus. Always read all matched deposit terms before you make a deposit.

Free Bets

Most of these platforms offer a 3 + 1 free bet. This basically means that after you place three bets, the fourth one is free. This is not a promotion limited by any time frame, meaning you can use it as many times as you want! The free bets also have some terms – such as which wagers will count toward the first three bets and which odds you can bet on using the fourth free bet.

Loyalty Rewards

Lastly, we also noticed that these sportsbooks offer some of the best loyalty rewards. Mostly, these are weekly cashbacks of 10-15% on the net cash losses that you incur throughout the week. There’s always an upper cap on how much cashback you can get using this. You might need to get in touch with the support to get your cashback calculated and credited, it’s not always automatic.

Alternatives To Betting Sites That Accept Bitcoin

Bitcoin isn’t the only convenient option available at non-UKGC international sportsbooks offering their services to the UK audience. In fact, you can use some of the fastest and most convenient payment methods on these platforms. Here are guides to these platforms:

Popular Questions About Sportsbooks That Accept Bitcoin

How Do I Deposit Bitcoin into a Sportsbook?

First, you need to make a BTC wallet and purchase some BTC. This can be done through centralised exchanges, decentralised exchanges, or peer-to-peer marketplaces. Once you’ve made the purchase and the BTC shows up in your wallet, you fully “own” it and can now transfer it to someone else. Go to the sportsbook’s cashier section and choose Bitcoin from the deposit options. Use the provided address or the QR code to make your transfer from your BTC wallet to the casino’s BTC wallet.

Are Bitcoin Transactions on Sportsbooks Instant?

No. Technically, neither your wallet nor the receiver’s wallet have any pending times. But the network itself that facilitates all Bitcoin transactions has a certain “speed” that depends on how many people are mining Bitcoin at a given time. If fewer people are mining or if there are a lot of transactions ongoing at a time, the network gets congested. This causes delays. Generally, you might need to wait several minutes until your transaction has one or two “confirmations” on the block explorer.

Do Sportsbooks Offer Bonuses for Bitcoin Deposits?

Yes. Sportsbooks that accept BTC transactions are cryptocurrency casinos. They cater to a predominantly crypto-friendly player base. Incidentally, they extend generous bonuses and promotions to cryptocurrency users all year round, including welcome offers, reload bonuses, and matched deposits on any crypto deposit you make.

Is Bitcoin Betting Legal in the UK?

The UKGC doesn’t allow betting platforms under its regulation to offer cryptocurrencies such as Bitcoin as a payment method. That being said, the international casinos we have discussed today are based outside the UK and they do serve the UK market using their own licence. As such, you’re free to use Bitcoin to make deposits and withdrawals on these platforms.

Is Bitcoin Betting Safe and Secure?

Yes. Bitcoin transactions undergo confirmations on the blockchain (it’s a public ledger that cannot be changed by any bad actors). As such, BTC transactions are more secure than bank transactions that are facilitated by servers that can be hacked into. Bitcoin uses distributed computing of a kind, popularly called decentralisation, to host the transaction history on thousands of nodes or devices all over the world, making any attack improbable and impractical.

Can I Convert Bitcoin Winnings to Fiat Currency?

Yes. Bitcoin can be converted to and from fiat quite easily. You will need to make an account on a centralised exchange that offers to buy and sell crypto. Once you make an account and do the necessary KYC, you can transfer your winnings to your wallet on this exchange and sell the BTC to get pounds that you can transfer to your bank account. Note that it’s also possible to liquidate Bitcoin directly using peer-to-peer marketplaces, the rates are more favourable there.