If you’re interested in signing up at an offshore betting site but don’t know which betting site banking methods are the most reliable, our short guide should help make the decision a no-brainer. That’s because – no matter which market you’re interested in – Bitcoin (BTC) is the best way to fund your online gambling.
Whether you’re interested in Bitcoin sports betting, Bitcoin casino gambling, or even playing poker and betting on the ponies with BTC, the deposit process is the same. Best of all, Bitcoin deposits transfer almost instantly, and the cryptocurrency is the best way to get same-day payouts.
Add the best sportsbook and casino bonuses to the mix and the fact that there are never any added fees for BTC transactions, and you’ll see why Bitcoin is the number-one option for online gambling worldwide. As long as you join one of these offshore Bitcoin betting sites, you’ll start your gambling career with the biggest edge possible.
The Best Bitcoin Gambling Sites For 2020
|Site Name||Bitcoin Bonus||Payout||U.S.||Join|
|125% Bonus Max $3,750||24-48 Hours||Visit Review|
|300% Bonus Max $9,000||24-48 Hours||Visit Review|
|300% Bonus Max $10,000||24-48 Hours||Visit Review|
|350% Bonus Max $2500||24-48 Hours||Visit Review|
|100% Bonus Max $1000||24-48 Hours||Visit Review|
|400% Bonus Max $4,000||Up To 5 Days||Visit Review|
What Is Bitcoin?
Unless you’ve been living under a rock for the last decade, you’ve surely come across loads of Bitcoin news, and you’ve probably even been paying attention to the daily Bitcoin price reports. Of course, for those who don’t know, Bitcoin is the first of the cryptocurrencies, designed around the blockchain open-ledger concept it originated.
Due to its decentralized nature, Bitcoin is not controlled by banks or governments, allowing BTC to be traded at prices agreed upon only by buyers and sellers. This makes Bitcoin investing extremely attractive, though its utility as a means of trade is even more compelling. That’s why offshore betting sites almost immediately started supporting Bitcoin after it hit the scene in 2009.
Because of the benefits of the cryptocurrency platform and all the perks it offers to online bettors, Bitcoin and gambling go hand in hand. When you use Bitcoin casinos, poker rooms, sportsbooks, and racebooks, you get the best bonus options, the lowest deposit limits, zero transaction fees, and access to same-day payouts. For these reasons, we strongly recommend using Bitcoin for gambling on the Internet.
How To Get Bitcoins
If you don’t already own some BTC, chances are you need a bit of help figuring out where to buy Bitcoin so you can deposit it into your offshore betting account and start gambling ASAP.
While you cannot purchase BTC directly from gambling sites themselves (albeit this is changing with the advent of payment platforms like Zelle, Stellar, and QB Direct), you can buy Bitcoin via any number of exchanges. The most popular site to buy BTC in the US and abroad is Coinbase, though many other reputable exchanges allow customers to trade fiat currencies for BTC.
However, when it comes to where to buy Bitcoin, no matter the exchange service you use, there will be a waiting period involved for first-time buyers. While you will be locked into the Bitcoin real-time price when you make your purchases, it can take up to 10 days before you actually get access to your crypto. For this reason, many gamblers – especially in the USA – need a faster way to acquire BTC.
Zelle-To-Bitcoin Betting Options
Zelle is a banking service that most US-based banks and credit unions support natively. Chances are, if you have a US bank account, you have access to Zelle betting sites and can use the service to purchase Bitcoin.
To do so, you’ll need to open an account at Localbitcoins.com, a private Bitcoin trading exchange. From there, simply find a seller that accepts Zelle, send your funds from your bank account to Localbitcoins’ escrow service using the Zelle Pay service, and wait for the site to release your BTC to you. This process is 100% legitimate, safe, and secure, as BTC sellers have no opportunity to cheat you.
By buying BTC from private sellers, first-time crypto users can get their Bitcoin transferred to their BTC wallets within just minutes instead of days. From there, simply select the Bitcoin deposit option at your gambling site of choice and send your crypto to the address provided. Within about an hour, you can go from having zero BTC to fully funding your crypto casino, sportsbook, racebook, or poker account.
Note: Zelle is restricted to those with US-based bank accounts only. For international users, there are several other instant payment apps and options to facilitate quickly purchasing BTC from Localbitcoins and other exchanges.
Online Betting QB Direct Deposits
Offshore betting sites have long sought to streamline how to buy Bitcoin and various supported altcoins for first-time crypto users. Zelle was the first such service on the block(chain), but many of the top online gambling operators are now employing a new service called QB Direct.
QB Direct can be used to purchase BTC directly from various sites, although the first gambling sites to use the QB Direct payment platform have implemented it for Litecoin (LTC) purchases at launch, with Bitcoin support coming soon.
Sites like Roaring 21, Cherry Casino, and CasinoMax all allow their customers to make crypto deposits using Litecoin via a simple QB Direct deposit form. Just use your normal credit or debit card to purchase LTC from your gambling operator through QB Direct, and you’ll have your Litecoin – and any enhanced crypto bonuses you select – credited to your account in seconds.
Types Of Offshore Betting Sites Accepting Bitcoin
There are several Bitcoin offshore betting sites operating online, and all the services listed here encourage their members to use the Bitcoin cryptocurrency. For online gambling, Bitcoin has so many perks that it really doesn’t make much sense to use any other funding method.
All of the most trusted online gambling sites accept Bitcoin as a matter of course. For funding accounts at the best Bitcoin casinos, USA and international players have several excellent options to choose from, as all the sites we recommend are licensed and operate legally within the industry.
When you want to play real-money online slots, online blackjack, online roulette, and all kinds of other RNG and live dealer casino games, you can fully trust the best Bitcoin online casinos listed here.
Many of the top bitcoin gambling sites are in fact premium offshore sports betting sites full to the brim with US and international leagues, teams, and players. From typical betting lines like straights, spreads, and totals to more granular fare like player and team props, futures, specials, and even parlays, Bitcoin sports gambling gives you access to all the odds you can imagine – and some you probably even can’t!
Bitcoin betting platforms allow you to bypass lengthy deposit times so you can wager on tonight’s games immediately. You no longer have to risk missing out on a valuable line because your traditional deposit took too long to clear. With BTC gambling, USA bettors and international punters can wager on what they want, when they want.
Bitcoin Poker Sites
We cover two of the most trusted and reputable offshore poker sites in the business, and they both enthusiastically support Bitcoin deposits. These poker rooms offer real-money cash tables and tournaments where you can play against other players in real-time.
With full multi-table support, you can play multiple poker cash tables at once or you can opt for small-scale Sit ‘N’ Go poker tournaments for medium-sized payouts. For those interested in large-scale online poker, many BTC-friendly sites host enormous tournaments that feature thousands of players all competing for grand prizes worth hundreds of thousands of dollars!
Horse racing betting is offered by several of the best Bitcoin gambling websites, and these books – called offshore racebooks (or, less commonly, offshore OTBs) – allow the avid horseplayer access to races being contested all around the world.
The best operators in the industry feature daily races at tracks from the USA, Canada, Mexico, England, Ireland, the Middle East, Australia, Japan, and more. If you’re a fan of the ponies, Bitcoin gives you the fastest way to wager right out of the gate!
Mobile Bitcoin Betting Sites
Once you learn how to invest in Bitcoin and use BTC for your legal offshore gambling needs, chances are that you’ll manage your crypto funds in a Bitcoin app on your smartphone or tablet. You don’t need a desktop or laptop computer to buy, sell, or transfer BTC.
In much the same way, you don’t need a desktop or laptop computer to enjoy your favorite online gambling sites, either. The BTC casinos, poker sites, and sports betting sites listed here support full mobile betting options, all without the need to download any dedicated apps from the App Store or Google Play.
As long as you have a reasonably current iPhone or Android device, you can buy BTC, transfer it to your site of choice, and make real-money bets all through the safety and security of your mobile browser (Safari, Chrome, Firefox, etc.). With mobile Bitcoin betting, your mobile device is your bank and your bookie, all in the palm of your hand!
About Bitcoin Deposits
Depositing with Bitcoin is simple, but for first-time users, there can be some hurdles, as you must acquire BTC before you can transfer it to your favorite offshore betting site. Above, we covered the best ways to do this (Coinbase, Zelle, Localbitcoins, etc.). Once you have your BTC, however, it couldn’t be easier to get it sent over to your site of choice.
Simply log in to your account at any of the top bitcoin gambling sites, go to the Deposit page, and select the Bitcoin option. From there, you will enter the amount of BTC you intend to transfer and will receive your site’s Bitcoin wallet address. From your own BTC wallet, enter this address in the recipient field, add the requisite funds, and kick off the transfer.
There are no added fees when depositing with BTC, and the transaction should take just a few minutes to clear. That’s literally all there is to it, but if you have any further questions about depositing with Bitcoin, please don’t hesitate to contact your site’s customer service representatives.
About Bitcoin Withdrawals
When it’s time to withdraw your winnings, all the most reputable sites allow you to pull out your funds in BTC. However, in order to do so, you must first deposit using Bitcoin. As long as you do that, you’ll be able to get your winnings paid out ASAP, often in as little as two hours or less.
There is a caveat, of course, and that is that you must have an active Bitcoin wallet to collect your online gambling payouts. Just as depositing with BTC requires you to send your crypto to your betting site’s Bitcoin address, you must have a BTC address to receive crypto payouts. And that means that you must have a Bitcoin wallet.
Fortunately, these are free and easy to set up, and as long as you go with a reputable software or hardware Bitcoin wallet, your money is will always be in good hands: yours!
Same-Day Payouts With Bitcoin
As stated, Bitcoin and other supported cryptocurrencies (i.e. altcoins like Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar, etc.) are the only funding methods that support same-day payouts. If you want your money in your hands quickly and safely the same day you request it, BTC/crypto is the only option.
This alone makes Bitcoin the most compelling way to gamble over the Internet, as many players need their winnings to supplement their incomes, pay their bills, and fund their other hobbies.
Once you receive your BTC from your betting site, you have several ways to convert Bitcoin to USD (or any other national currency you normally use). In America and many other countries, you can use an exchange like Coinbase or sell your BTC on Localbitcoins. Additionally, many international exchanges will convert BTC to fiat currency for a small fee, allowing you to deposit that money directly into your bank account.
However, you can also use a Bitcoin ATM, which lets you withdraw cash from electronic Bitcoin machines the same way you would pull money out of your bank account. The choice – and the money – is all yours!
Bitcoin Bonus Options
Every offshore betting site we recommend gives members added perks for depositing with Bitcoin. Thus, if you want to maximize your bonus, Bitcoin is absolutely the best banking option of all funding methods on offer.
For example, the Bovada Bitcoin bonus – one of the best in the business – will boost your sportsbook bonus from $250 to $750, and that’s par for the course. Meanwhile, other top sites like CasinoMax, Roaring 21, and Café Casino all offer Bitcoin casino bonuses that add literally thousands of dollars to your account.
Unfortunately, online casinos are no longer in the business of offering Bitcoin no-deposit bonus options to new members. That means that in order to take advantage of any Bitcoin sign-up bonus, you must first make a qualifying deposit using the cryptocurrency.
Nevertheless, the value proposition of Bitcoin bonuses is unrivaled at all the best offshore gambling sites, making every member a potential high roller.
Stellar Bitcoin Alternative
If you’re a crypto investor and don’t want to spend your Bitcoin to fund your offshore gambling, several of the top online betting sites accept Stellar Lumens as an alternative.
Stellar, like BTC, is a cryptocurrency platform, and the tokens used for trading – or, in this case, funding your online betting account – are called Lumens. Lumens have the ticker symbol XLM, and as of Q3 2020, Stellar has a $2 billion market capitalization. This is the 14th highest market cap out of all the thousands of existing cryptocurrencies.
The first major online betting sites to accept Stellar Lumens for deposits are BetOnline and SportsBetting AG. That said, other operators are sure to follow suit as each is constantly expanding their crypto stables to make depositing as easy as possible.
Bitcoin Gambling Sites FAQs
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