Crypto Betting Sites: U.S. Sportsbooks Accepting Crypto in 2023
As crypto continues to grow in popularity, the best betting sites for withdrawal and deposit options could soon begin to accept it as a valid payment method in the U.S.
Barstool Sportsbook is the only legal crypto betting site in 2023, accepting Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and DASH deposits in Colorado and Virginia.
Our guide to crypto betting sites will introduce you to the world of wagering on sports with crypto.
Best crypto betting sites
- Dedicated mobile apps
- High-end betting platform
- Loads of markets
Deposits & withdrawals
States with crypto betting sites
Barstool Sportsbook users can now deposit and bet with crypto in two states — Colorado and Virginia. Unfortunately, crypto withdrawals are not supported at this time.
Wyoming sports bettors had reason to celebrate on Sept. 1, 2021, when the Equality State became just the second to launch mobile-only sports betting and the first to recognize crypto as legal tender for event wagering.
While crypto is not yet supported by Wyoming sportsbooks, some of the biggest names in sports betting, including BetMGM, FanDuel, and DraftKings, could be among the first to accept crypto as legal tender in the U.S.
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What to look for in a crypto betting site
The availability of features like competitive odds, a high-quality app, valuable bonuses, and secure deposits is crucial for selecting from active crypto betting sites. Here's what you should look for before getting started.
Bonuses and promotions
The best sportsbooks offer giant welcome bonuses and attractive ongoing promotions. Look for deposit match bonuses and risk-free bets when picking a new betting site — but be sure to read the terms and conditions of these offers carefully.
Whether you are placing bets using cryptocurrency or USD, we recommend line shopping when possible. While most crypto betting sites may offer similar odds, your long-term success as a bettor will depend on your ability to find the best lines consistently.
Check out our odds comparison tools to see how sportsbooks in your region stack up against one another.
Crypto deposit and withdrawal limits
In sports betting markets with sportsbooks that accept crypto, deposit and withdrawal limits vary. Some legal U.S. sportsbooks may set minimum deposit and withdrawal requirements slightly higher than those laid out for more traditional forms of payment.
Due to its decentralized nature, crypto withdrawals are processed almost instantly by crypto betting sites in other regions. Speedy payouts are a must for sports bettors, and this especially rings true for crypto and its fluctuating nature.
Bet types and sports available
Like all sportsbooks, the top crypto betting sites offer a large selection of betting options for all major sports. Whether you’re all about the NFL point spreads or prefer to live bet esports, the crypto sportsbook you choose should suit your betting needs.
Cryptocurrencies like Bitcoin and Ethereum are based on blockchain technology that makes transactions easy to process and guarantees a level of security and anonymity not possible with most other deposit options. But while crypto offers exceptional protection for online transactions, it remains vital to know who you are doing business with online. That's why Covers only recommends legal, regulated sportsbooks in the U.S.
If you bet on sports regularly, you're going to want a crypto betting site that's not only safe, reliable, and enjoyable but one that employs a customer support staff that's quick to tend to your needs. Sportsbooks featuring 24/7 live chat, phone, and email support are best, and a helpful FAQ section is always a bonus.
The pros and cons of betting with crypto
Crypto deposits and withdrawals are typically processed immediately. Sports bettors wary of sharing their personal banking details will enjoy the anonymity that accompanies crypto transactions.
Unfortunately, sports betting with crypto is limited to one sportsbook and two states in 2023. What's more, only crypto deposits are supported at this time.
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How to start betting with crypto
Like e-wallets, crypto offers security and anonymity when funding a sports betting account. However, it is important to closely monitor the value of the cryptocurrency you are using, which could be subject to significant fluctuations. One of the key concerns for sports bettors using crypto for the first time is to factor in its current value and avoid inadvertently making wagers that will break your bankroll.
Here’s how to start betting with crypto:
Select a sportsbook
Visit the App Store or Google Play store to check out the crypto sports betting apps in your region. We recommend downloading a few mobile apps to see which sportsbooks offer you the best user experience. After comparing betting lines and promotions and reading some reviews, you'll be ready to register.
Registering with a crypto sportsbook is as easy as creating an account with a betting site or app that supports other payment methods. Expect to share your name and address and be asked to confirm you are physically located in a state that regulates your chosen sportsbook.
Claim a bonus
Sports betting sites that accept crypto offer enticing promos for first-time users. Risk-free bets and deposit match bonuses are the most common types of welcome offers found in the U.S. If you have a promo code, be sure to enter it when prompted. Very rarely will you be able to claim this bonus after completing your registration.
If you already have a crypto wallet, topping up your sportsbook account with crypto is nearly as easy as using credit cards, e-wallets, or other sportsbook deposit methods. Although crypto deposits involve a few additional steps, funds are instantly available in your betting account.
To transfer Bitcoin, Ethereum, or another accepted cryptocurrency, you'll be required to copy the deposit address (a series of letters and numbers) from the sportsbook and paste this unique code to your wallet or crypto exchange. Double-check the address for accuracy before sending your crypto to your betting account.
For the fastest deposits, transfer your crypto from a wallet. Deposits from a crypto exchange may take longer to process.
With your crypto safely in your sportsbook account, you now have the ammo you need to start placing wagers. Be sure to research your bets thoroughly before locking them in.
Covers' how-to-bet guides are excellent resources for new bettors and those in need of a quick refresher.
With the volatile nature of crypto, timely withdrawals and speedy payouts are hugely important. Always check your crypto's current worth before withdrawing your winnings, as you may unknowingly be forfeiting a large percentage of your bankroll.
Some crypto betting sites may limit how much you can withdraw at any one time, so consider this before pulling from your betting account.
More payment and betting resources
If the crypto learning curve is too steep for your liking — or if you'd simply prefer not to bet on sports with your Bitcoin or Ethereum — you'll have plenty of other options. Most legal betting sites offer some combination of PayPal, Skrill, Play+, Visa, Mastercard, and online banking.
Refer to the following guides for a more in-depth analysis of available payment options in legal U.S. sports betting markets.
Crypto betting sites FAQs
Yes. Barstool Sportsbook accepts crypto as payment in Colorado and Virginia. Wyoming could be the next state to feature a crypto sportsbook as it has explicitly legalized crypto sports betting.
Currently, the Barstool Sportsbook is the only legal sportsbook to accept crypto payments in the U.S.
It is legal to deposit crypto into a sports betting account in Colorado, Virginia, and Wyoming.
Cryptocurrencies like Bitcoin and Ethereum take advantage of blockchain technology, which makes them safe and secure for applications like crypto sports betting.
Crypto gambling is growing in popularity due to the secure nature of cryptocurrencies. Crypto gambling can also be conducted anonymously, and deposit and withdrawal transactions can be processed promptly.
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Jeff has been reviewing sportsbooks and covering North American sports betting full-time since 2021. The former NHL prospects writer has crafted over 100 reviews and guides for the Covers community and has been sweating his own picks for over a decade.