Best Crypto Sports Betting Sites: Which is the Best? -

With Crypto sports betting interest growing and the pressure of regulation and KYC checks bearing down on punters, we have taken a look at the best options currently available.

So far, we’ve narrowed down three options of interest. They’re just getting started and the up-and-coming gambling review is likely to push punters their way so it’s worth checking them out ahead of time. Much like the early stages of betting online, being an early adopter could be an advantage…

Notice: crypto-related gambling is not always regulated by UKGC. Never deposit more than you can afford to lose, act responsibly.

What is Crypto Sports Betting?

As the name suggests, sports betting has now moved to the blockchain. Punters are able to place bets on their favourite sports via crypto sportsbooks and betting exchanges. To many, this will no doubt looks like a ‘double gamble as cryptocurrency values are extremely volatile. However, if a punter is willing to take the risk of betting, it’s highly likely they’ll take the risk of sports betting with cryptocurrency.

As a word of caution; it’s important you learn about currencies and blockchain technology before you get started. Failing to do so may see you lose money on the currency itself. However, there is a chance you could benefit too. Just make sure you know what you’re getting into here!

Why Bet With A Crypto Sportsbook or Exchange?

Here are a few of the main reasons that people are looking to use Crypto sports betting sites:

Anonymity and Privacy: Crypto transactions often provide greater privacy compared to traditional banking methods, allowing users to place bets without revealing personal information.
Fast Transactions: Cryptocurrency transactions are typically processed much faster than traditional banking methods, enabling quick deposits and withdrawals.
Lower Fees: Many crypto transactions come with lower fees compared to credit cards or bank transfers, making it a cost-effective option for bettors.
Global Access: Cryptocurrencies are not bound by national borders, allowing users from different countries to access betting platforms that might otherwise be restricted.

The Best Crypto Sports Betting Sites for UK Customers?

At the time of publishing, these are our three selections. However, it’s important to note that this is a fast-changing environment with some companies ploughing huge sums of money into new platforms and development. It’s not supposed to be a final or exhaustive list.

BetDex

BetDex look like the strongest contenders to make changes in the sports betting landscape. They are are an innovative betting exchange that offer both fiat currency and cryptocurrency as an option for depositing.

Those that uses betting exchanges such as Betfair, Matchbook and Smarkets will find a familiar layout. Currently they offer 5 sports to bet/trade on however they adding more as liquidity grows on the platform.

BetDex are looking to disrupt the market with some very promising features:

Winner Welcome Policy
Low Commission (3% on Net Profit Only)
No Premium Charges or Stake Limiting
Strong Liquidity – The BetDex EcoSystem
Simple Deposit and Withdrawal Process

If you are looking for an alternative to the traditional betting exchange or sportsbook model, BetDex is looking like the place to look at. It is an innovative exchange that is welcoming winning bettor.

Click Here To Read Our Full BetDex Review

CASOBET

As an early cryptocurrency sportsbook, CASOBET accepts players from many countries, including the United Kingdom. You are able to deposit with over 10 different cryptocurrencies, receive bonus promotions, process instant withdrawals and contact them directly through live chat if there is a problem.

This product is designed for recreational users who enjoy casino gaming and sports betting through a sportsbook model. While the over-round margins are relatively high, making long-term profitability unlikely, it serves as a viable option for those facing difficulties with UK bookmakers.

The focus is clearly on recreational bettors and casino enthusiasts. For professional bettors or punters seeking long-term wins, BetDex appears to be a more suitable alternative.

BETFLIP

First established in 2019, BETFLIP has a wide range of crypto sports betting and eSports options. You’re able to register extremely quickly without intrusive checks, make use of a VPN whilst betting and deposit with 9 different cryptocurrencies.

BETFLIP is mobile phone compatible and there are no fee’s to deposit. Being a sportsbook it’s targeted at recreational users so we are unsure about restrictions if you should beat the house!

STAKE

Stake are one of the more well known cryptocurrency sites due to their sponsorship of many online influencers and celebrities. Some of their sponsored celebrities include Drake and UFC fighter Israel Adesanya.

Again there is not much here for the serious sports bettor looking to win long term. Stake aims the majority of its advertising at bringing in recreational and casino bettors.

Is Crypto Sports Betting Safe?

When it comes to Cryptocurrency sportsbooks and exchanges there are some key considerations:

Volatility: Cryptocurrencies are known for their price volatility, which can lead to significant fluctuations in the value of your holdings, affecting your betting budget.
Regulatory Uncertainty: The legal status of cryptocurrencies varies by country, and changes in regulations can impact your ability to use them for betting.
Security Risks: While blockchain technology is secure, the platforms and wallets used for crypto transactions can be vulnerable to hacking and fraud.
Lack of Consumer Protections: Unlike traditional banking systems, crypto transactions often lack the same level of consumer protection, making it harder to recover funds if something goes wrong.
Complexity and Technical Challenges: Using cryptocurrencies requires a certain level of technical understanding, which can be a barrier for some users and lead to mistakes or losses.

Crypto sports betting provides a distinct solution to UK consumers who are faced with problems regarding affordability, intrusive checks and restrictions. However, you’ll need to weigh that against the potential risks for your own personal situation. Either way, depositing no more than you are comfortable losing is a good idea.