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Bitcoin betting sites & bookmakers that accept Bitcoin deposits

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Table of contents
Meet our author
Betting expert Elizabeth Winnie

Through a ranking system and serious and consolidated standards, we make a point of evaluating the best authorized betting sites in Australia. This information will not only allow you to have access to the best bonuses, but also to the best conditions to make the best sports bets online.

If you want to bet with Bitcoin but don't know where to start, this guide is for you. Below, we explain how Bitcoin top betting sites work and talk about the basics you need to know about them. By reading this guide, you will learn how to deposit/withdraw at Bitcoin crypto bookmakers and you will be able to place your first wager using BTC in a very short time by choosing a sportsbook from the list below.

Bitcoin general info. What is Bitcoin

Bitcoin - is a digital currency invented in 2008. Its purpose is to establish a payment system independent of the banking system. There is no central authority (e.g., Central Bank) controlling this system. Bitcoin uses a digital and encrypted database called the "blockchain". All transfers take place on this database and sender/recipient identities remain confidential. New Bitcoins are generated by users through a method called "mining" and anyone can join this system using a wallet. Bitcoin brand new bookmakers are sportsbooks that accept payments made using this digital database and pay with the same database: they are no different in terms of their functioning (i.e., betting markets and/or wagering rules).

Best Bitcoin betting sites in Australia

There are many Bitcoin betting sites that accept Australian players, but there are also many things to consider if you want to play on the best of them. In order not to waste your time, we have evaluated all the Bitcoin betting sites in the market according to the needs of Aussie players and identified the best ones: you can see them in the list below. We recommend that you visit all the Bitcoin betting sites listed here and choose the one that best suits your needs.

  • Cloudbet
  • Bc.Game
  • Mystake
  • Thunderpick
  • N1 Bet
  • Katsubet
  • Bitstarz
  • Betchain
  • 1xBit
  • Fortune Jack

How to deposit via Bitcoin

To start playing on Bitcoin betting sites, first of all, you need to own BTC. The easiest way to do this is to get a wallet and use an exchange site. To explain this process as simple as possible:

  1. Start by downloading a digital wallet that you can use to store Bitcoin. There are many wallets on the market that you can download for free, and you can choose any of them. We recommend choosing a beginner-friendly wallet with mobile support: wallets like Electrum, Mycelium, and Exodus would be a good choice.
  2. Choose an exchange site and become a member. In this regard, you can choose freely, but we recommend you choose big platforms such as Binance, Coinbase, and HitBTC. Exchanges are marketplaces that bring together crypto holders and people who want to buy them. For example, someone who owns Bitcoin offers their BTC for sale on the exchange, and anyone can buy them using Fiat currency and traditional payment methods. This means that you can buy any amount of Bitcoin via exchanges using your credit card, for example. In this regard, we recommend that you decide according to your budget, but purchasing 0.20 - 0.50 BTC will be a good choice for a start.
  3. Open the wallet you downloaded and see your blockchain address: it's a string of letters and numbers, and you can think of it as your IBAN. Go back to the exchange site and transfer your purchased Bitcoins to this address. In about an hour, the transfer will be completed, and your Bitcoins will be credited to your wallet.

Once you have done this, choose one of the Bitcoin betting sites and become a member: we strongly recommend that you choose from the list we shared above. The process will be much simpler after that:

  1. Open your account page, click the "deposit" button, and select Bitcoin from the available options.
  2. When you do this, you will see the blockchain address of the betting site.
  3. Open your wallet and transfer any amount of BTC to this address.
  4. The transaction will be completed in about 20 minutes. That's all: now you can start trying your luck.

How long do Bitcoin payments take

This is a question that does not have a definite and clear answer. Contrary to popular belief, Bitcoin transfers are not instant. This is due to a security problem called "double spend", and to solve this problem, each transaction needs multiple confirmations from miners. A transaction is completed usually after two or six confirmations, and each confirmation takes approximately 10 minutes. This means that a Bitcoin transfer will take between 20 and 60 minutes.

This also applies to payments you send to (or come from) Bitcoin betting sites. Most merchant payments are completed after two confirmations and gambling payments are also considered in this category. For this reason, you can expect Bitcoin betting sites to complete their payments within an average of 20 minutes.

However, all these times are valid for ideal conditions. Bitcoin transfers can take much longer than usual due to different reasons such as hash rates, spam attacks, and network load. Simply put, the technology that Bitcoin uses can confirm a maximum of 7 transactions per second. If more confirmation requests are received than this figure (more than seven transactions per second), transaction fees will increase, pending requests will be placed in a queue, and the transaction will take longer than usual to complete. According to available records, the longest Bitcoin transfer ever took 6 hours and 2 minutes to complete. (In case you were wondering, the shortest Bitcoin transfer was completed in 2 minutes.)

Under normal circumstances, you can expect your payments (deposits & withdrawals) made at Bitcoin betting sites to be completed within a maximum of half an hour. But keep in mind that there are different factors that can affect the processing time. For example, having a pending wagering requirement may also extend the payment period.

Deposit limits for Bitcoin payments

Bitcoin is not subject to any transfer restrictions, unlike other payment instruments (e.g., banks). There are 21 million BTC in the market, and if you have them all, you can send them all at once. The deposit limit is limited to the BTC in your wallet – other than that, the blockchain does not restrict you in any way.

However, Bitcoin betting sites may have their own limitations. The most common example of this is the minimum deposit limit. A Bitcoin sportsbook can accept a minimum deposit of 0.01 BTC, for example. That doesn't mean you can't send less BTC than that to that sportsbook's wallet: there's nothing stopping you from doing that. However, that sportsbook may choose not to add it to your balance unless you send at least 0.10 BTC. Bitcoin betting sites have different minimum deposit limits, and we strongly recommend that you learn about them before making a transfer.

You don't have to worry about maximum deposit limits: None of the Bitcoin betting sites have a maximum limit. There will always be a limit on the minimum BTC you can send, but there is no limit for the maximum amount. If you want, you can even send 100 BTC at once: Bitcoin betting sites will not object to this. However, if you want to play really high stakes, we would like to remind you of two things:

  • At the time of this guide, 1 BTC was worth 21,793 USD. If you are really ready to deposit 1 BTC and above, first contact the customer representatives of Bitcoin betting sites and find out what perks you can get. Bitcoin betting sites love high-roller customers and offer special bonuses to them. Remember that if you deposit large amounts, you can get special benefits for it.
  • Another thing you should not forget is that Bitcoin betting sites have maximum payout limits. You can see what this limit is in terms and conditions of use, but in general, we can say that it is 1,000,000 AUD. In other words, no matter how much you earn with your bet, you will not be paid more than this limit – you forfeit the rest. Therefore, take this maximum payout limit into account when determining your deposit and bet amounts.

Withdrawing from your betting account to Bitcoin

Withdrawing money from Bitcoin betting sites is very easy and practical: all you need is a digital wallet. This wallet will allow you to obtain the blockchain address you will give to Bitcoin betting sites. To explain simply:

  • Open your account page, click the "withdraw" button, and select Bitcoin from the listed options.
  • On the next screen, you will need to enter the amount you want to withdraw and your blockchain address. You can see this address by opening your wallet.
  • Finalise the transaction: your payment will arrive in your wallet in an average of 20-30 minutes.

Before requesting withdrawal from Bitcoin betting sites, make sure that there is nothing that can prevent it. For example, having an active wagering requirement may result in your request being denied.

Bitcoin payment fees

Fees of Bitcoin payments are dynamic and constantly decrease or increase based on different factors. We mentioned above that Bitcoin can make up to 7 transactions per second. Bitcoin payments also have "peak hours", during which more than seven transaction requests are created per second. These requests are placed in a queue and users are given a choice: if you are ready to pay more fees, you will be ahead of the queue, so your request will be processed first.

This causes Bitcoin fees to increase during peak hours and decrease during other hours. It is impossible to give fixed fees for the same reason. How much fees you pay for your transactions on Bitcoin betting sites depends on what time you make the transaction and how busy the blockchain is.

In general, we can say that payment fees can be as high as 50 AUD during peak hours. In other hours, this figure can be as low as 0.20 AUD –0.30 AUD. We recommend making transfers to Bitcoin betting sites early in the morning or late at night: this way you can get as low fees as possible.

Another piece of advice we can give is to use a wallet that lets you set the fee freely. In this way, you can increase the transfer speed by accepting to pay a little more fee than usual. Popular wallets like Electrum and Exodus support this feature.

Another important point for Bitcoin betting sites is that it is crucial to know clearly how much will be deposited into your account before completing the transaction. For example, let's say you are sending 0.10 BTC to a site with a minimum deposit limit of the same amount. After the fee deduction, your transfer will drop to (for example) 0.08 BTC, which will not be reflected in your balance as it is below the minimum limit. Therefore, do not forget to add the fee to the amount you want to deposit: this way, you can always transfer the exact amount you want to your account at Bitcoin betting sites.


Which betting site can I deposit with Bitcoin?

You can bet using Bitcoin on many sites such as Cloudbet, Bc.Game, BitStarz. The number of Bitcoin betting sites is increasing day by day and cryptocurrencies other than BTC are also supported. Since they do not have to use the infrastructure of banks, Bitcoin betting sites can accept members from almost every country, including Australia, and allow them to make payments without any problems.

How do you gamble BTC?

Once you have a wallet and BTC, choose one of the Bitcoin betting sites and become a member. Transfer any amount of BTC to the site's blockchain address using your wallet. Once you have an active balance, you can place bets as usual. Choose an event, choose a betting option, and place your wager: your winnings will be credited to your active balance from where you can withdraw, for example, to your bank account.

How do you gamble with cryptocurrency?

This is no different than gambling with fiat currencies (e.g., Australian dollars). The difference with Bitcoin betting sites is that the payments are made over the blockchain. Other than that, there is no difference in terms of wagering: after depositing your account on the gambling site, you can gamble as usual with your active balance. Your wagers will be deducted from your active balance and your earnings will be transferred to your real balance.

Which website is best for betting?

There is no single site that is "best" at everything. Each of the Bitcoin betting sites is better than the others in a different feature and you should take this into account when choosing. In other words, we recommend that you review multiple sites and choose the one that best suits your needs. It is not possible for a single site to be the best at everything.