Best Crypto Sports Betting Sites 2022

Betting Sites With Cryptocurrency

Want to start crypto sports betting but unsure where to begin? Cryptocurrencies are booming and an increasing number of betting sites are now accepting Bitcoin and variants – but it’s important to sign up with operators that are 100% legit.

Crypto sports betting offers tons of great advantages over using other payment methods to fuel your betting action. If you want to be anonymous and super-safe online, there are few better options to choose – and the same goes if you like to enjoy fast deposits and withdrawals. However, there are a few things you’ll need to be aware of.

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Compare Betting Sites With Cryptocurrency in Canada

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Making a payment with crypto – Get set up for crypto sports betting in a few easy steps

Before you compare crypto sports betting sites, it’s important to pin down which cryptocurrency is the best fit for you, and to familiarise yourself with how crypto payments generally work. Whether you’re using Bitcoin, Exodus, Electrum or another provider, most crypto wallets will have a registration process that looks something like this:

  1. Open an account with a Canada-friendly crypto wallet of your choice and follow the simple registration steps.
  2. Make sure you have a valid photo ID and proof of address to hand to verify your identity.
  3. Connect your bank account to your crypto wallet. You might need to send a small payment across for verification, depending on your provider.
  4. Purchase some cryptocurrency of your choice – and be sure to pick a crypto variant that’s widely accepted by Canadian cryptocurrency betting sites, like Bitcoin, NDAX or Binance.
  5. Register as a new bettor/gamer with your favourite bookmaker, create an account and select crypto as your preferred payment method.
  6. Usually, crypto sports betting websites will ask for a Bitcoin or crypto address, which you’ll need to provide when making any crypto-based deposits or withdrawals. Your crypto wallet should clearly display this address.

Average time of crypto for deposits and payouts – different times dictated by different crypto betting sites

Crypto is a disruptive technology and only the most forward-thinking betting sites and online casinos are likely to accept it. This means deposit and withdrawal times usually rank among the fastest you can get with any modern online betting payment method.

Theoretically, crypto deposits and withdrawals in Canada should take no more than 30 minutes to an hour. However, every crypto betting website will set its own rules and it’s not unknown for bettors to be left waiting anywhere up to two business days when using the slowest sites. Any operator that claims it cannot process crypto withdrawals within this timeframe should be avoided.

You can compare the best crypto sports betting websites and their deposit and withdrawal times using the comparison table on this page. The very best crypto bookies will automatically convert crypto to CAD$ on deposits – and may also offer special bonuses exclusively to their crypto customers.

Crypto verification requirements – get yourself all set up for crypto sports betting

Before you start sports betting with crypto, you’ll need to activate your crypto wallet, as we described earlier. Crypto wallets sometimes differ from one another when it comes to verification procedures, but the process is almost always hassle-free. Typically, you’ll need to follow one or both of the following steps:

  • ID verification: Here in Canada, you’ll usually be asked for photo ID, such as a passport or driver’s licence. Most wallets will leave you waiting no more than a couple of hours for your documents to be verified.
  • Text/email confirmation: You’ll sometimes receive a numeric code via text or email that you’ll need to enter to verify your account. This process is usually painless.

The history of crypto sports betting – a new and exciting development

The history of cryptocurrencies dates back long before Bitcoin and the widespread crypto sports betting of today. In the 1980s, developers long dreamed of digital currencies and anonymous online payment systems, but early attempts at crypto, like Bit Gold and B-Money, never really gained much traction.

It wasn’t until 2008, when Satoshi Nakamoto’s groundbreaking paper “Bitcoin: A Peer-to-Peer Electronic Cash System” was published, that Bitcoin – today’s best-known and most widely-used cryptocurrency – began to be mined.

In 2010, cryptocurrency was traded for the very first time when an anonymous user paid for two pizzas with 10,000 Bitcoins. It was at this point that a monetary value was officially assigned to this emerging technology – but it would be a long time before crypto betting sites would become normalised.

A year later, other cryptocurrencies like Litecoin and Namecoin were introduced as rivals to Bitcoin. Competition exploded for a short time, but a sharp drop in Bitcoin’s value in 2013 sparked alarm among investors, leading to the establishment of BitLicense – a type of cryptocurrency regulation – in 2015.

China banned BTC trading in 2017, but cryptocurrencies continued to grow increasingly popular elsewhere. Bitcoin and crypto sports betting quickly blew up in Canada, some parts of the US and various European countries – where it remains a popular choice for identity-conscious bettors and bookmaker payment methods today.

Crypto to other providers compared – sports betting with crypto explained

One of the top benefits of using cryptocurrency is speed. Crypto sports betting is by far one of the fastest ways to enjoy speedy deposits and withdrawals – which is great for regular bettors.

Another top perk is security. Bitcoin and other cryptocurrencies tend to be encrypted on a blockchain and reliant on unique codes or “addresses” that only senders and receivers of funds have access to. This means that only you and the sports betting cryptocurrency site you use will ever see your transactions. Each crypto address is also further protected by user IDs, passwords and two-factor authentication – making crypto great for anonymity.

On top of this, today’s tech-savvy cryptocurrency community is so tightly-knit, any potential hacks are likely to be identified and shut down immediately. Add to this the fact that the top crypto sports betting websites listed in our comparison use Secure Socket Layer (SSL) encryption to protect customer data and you’re looking at some seriously impenetrable layers of security.

Top sports betting bonuses

As cryptocurrencies are a disruptive technology often derided by the media for their volatility and limited market regulation, some bettors might feel apprehensive about crypto sports betting. We totally understand that you might feel more at home with other online betting payment methods, but in reality, cryptocurrency betting is actually one of the safest ways to gamble online.

Blockchain technology and state-of-the-art encryption keep all crypto transactions safe and anonymous, and online betting operators are doing their bit, too. All of the best crypto sports betting websites rated and reviewed by Wetten CA go through a series of rigorous tests, meaning all those listed in our comparison are 100% safe and legit. We’ll only ever recommend crypto betting websites that are properly licensed and regulated in your region. What’s more, we’ll only ever award the highest ratings to those that use SSL encryption to protect your data and take other additional measures to ensure your safety.

Crypto sports betting FAQ – your biggest questions answered

Can I get a cryptocurrency bonus?

Many of the crypto-friendly bookies in our comparison offer amazing bonuses to Canadian players. Sometimes, these bonuses might offer more favourable terms to bettors who put down a qualifying deposit using Bitcoin or another cryptocurrency – so be sure to check and compare!

Do I need to use the same deposit and withdrawal method for crypto sports betting?

This is always down to your preferred crypto betting platform. Some operators may require you to use the same banking method for deposits and withdrawals in order to qualify for a bonus, while others may support crypto for deposits but not when you try to cash out. Always review each crypto sports betting operator’s payment T&Cs carefully before deciding which is the best fit for you.

Can I convert my crypto balance into real cash?

Yes – many of the top crypto sports betting sites will immediately convert any crypto deposits made into CAD$, and the same goes when it comes to winnings. Most crypto sports betting websites will still expect you to play in your local currency and offer easy support to enable you to do this.

Why has my crypto sports betting operator blocked my account?

There are literally tons of reasons a bookmaker might block your account, so you might need to delve into your preferred operator’s T&Cs for this one. The most common reasons usually include:

  • They believe they have detected fraudulent or suspicious activities
  • You have not completed a verification process within a stipulated time limit
  • They believe you could be a minor or using an incorrect ID

If ever you encounter any problems with any of the crypto sports betting operators recommended on our site, contact their customer service team for assistance. Many of the best bookies offer 24/7 customer support.

Can I use crypto on online casino games?

More often than not, yes. There is no specific rule here in Canada stipulating that cryptocurrencies cannot be used for online casino gaming, so if your preferred crypto sports betting operator offers casino games, chances are you can play them with crypto. Just be sure to check their individual game T&Cs first.

Conclusion – Our final thoughts on crypto sports betting

Whether you’re switching from PayPal betting sites or traditional debit card operators, or you’re completely new to betting online, there are lots of reasons we’d recommend signing up with a crypto betting website. Most notably:

  • Sports betting with cryptocurrency usually allows you to enjoy faster deposit and withdrawal times
  • Betting using crypto allows you to stay super-safe online
  • Cryptocurrencies are anonymous if you are concerned about your identity

In all, crypto sports betting is an excellent all-round option for both beginner and experienced bettors – just be sure to choose an operator that’s properly licensed and regulated in your region.

Enjoy online betting with these top providers

Crypto sports betting FAQ

🤔 Is crypto sports betting legal?

When looking for a sports betting site you can trust, the first thing you need to determine is whether the operator is properly licensed and regulated in your region. Here in Canada, there are tons of bookmakers that accept cryptocurrencies, but that doesn’t necessarily mean every betting site you’ll find is 100% legit. Check out our comparison of licensed operators today.

❓ Which bookmakers accept crypto?

Cryptocurrencies like Bitcoin, Ethereum and Polygon are growing in popularity across Canada – even in the online betting and casino market. Discover the best bookmakers in Canada that accept crypto today with Wetten CA’s trusted operator reviews. We’ll help you pin down a crypto-friendly operator that properly meets your betting habits and needs.

🔒 Are crypto casinos safe?

Cryptocurrencies are relatively new, so it makes total sense that many online bettors and casino gamers might feel a little dubious about their legitimacy. Volatility and regulation often rank highest among common concerns, but cryptocurrencies also present investors with some amazing opportunities, and are increasingly widely accepted by trusted online betting sites. Find your perfect crypto bookmaker with Wetten CA.

🏒 Can I place sports bets with Bitcoin?

Whether you’re using Bitcoin, Doge or Ethereum, there are dozens of amazing betting sites out there that support cryptocurrencies – but do any allow you to physically place sports bets using crypto? Here at Wetten CA, we closely scrutinise and review the best betting sites in Canada that support crypto and other alternative payment methods. Find a sports betting site that meets your needs today.

🏇 Which Bitcoin horse betting sites are best?

If you’re looking for the best betting site in Canada for horse betting, it’s important to compare what’s on the market and weigh up which operators best suit your betting tastes. These days, more and more online casino and sports betting sites are accepting cryptocurrencies, but which crypto betting site is best for the horse racing niche? Find out at Wetten CA.

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