Crypto betting providers
Nowadays, it's hard to avoid cryptocurrencies, especially when it comes to online gambling. Many payment providers now refuse to process transactions related to gambling. In Germany, it is therefore no longer possible to use payment methods such as Skrill, Neteller, Ecopayz, or Ezewallet for deposits with sports betting providers. Although Neteller and Skrill are still usable with providers licensed in Germany, these options are less attractive due to the limited betting offer, fixed limits, and betting tax to be paid. It is expected that further payment options will be discontinued by betting providers in the future, making the exploration of cryptocurrencies all the more relevant, if it hasn't happened already.
Which crypto betting providers are recommended?
Crypto sports betting providers are now a dime a dozen. But not all are recommended. Many crypto betting providers don't even have a license, we'll introduce you to some crypto betting providers here that we've tested in detail:
1
All-rounder
Legzo
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excellent reputation
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no 5% betting tax for German customers
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96% – 98% odds ratio for major leagues
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200% up to 200 Euro sports betting bonus for new customers with bonus code "WETTBONUS"
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Deposits with the e-wallets Jeton and MiFinity possible
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Bitcoin and other crypto deposit options
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Payouts via e-wallet and crypto within minutes
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fast verification
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Payouts to bank account within a few hours
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no fees
2
All-rounder
Leon.bet
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Odds ratio up to 99%
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no 5% betting tax for customers from Germany
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E-wallet deposit methods such as MiFinity, Neteller, Skrill and Jeton available!
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Prepaid payment methods Paysafecard and Cash2Code can be used
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extremely many betting markets available
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Live chat support is available 24/7 in German
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Betting limits for major events are 5 to 6 figures
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E-wallet withdrawal time is only 10 – 30 minutes
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Bank withdrawals are often processed on the same day
3
All-rounder
Fresh Casino
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200% bonus up to 200 Euros via Wett-Bonus.net with bonus code "WETTBONUS"
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no 5% betting tax for German customers
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Deposits with the e-wallets Jeton and MiFinity possible
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96% – 98% odds ratio for major leagues
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good reputation
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Payouts via e-wallet and crypto within minutes
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Payouts to bank account within a few hours
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fast verification
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Bitcoin and other crypto deposit options
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no fees
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40 sports to bet on
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good VIP program
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many bonus promotions for existing customers
4
best odds
Spinbetter
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Odds ratio up to 99%
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no 5% betting tax for customers from Germany
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E-wallet deposit methods such as MiFinity, Neteller, Skrill and Jeton available!
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Prepaid payment methods Paysafecard and Cash2Code can be used
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extremely many betting markets available
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Live chat support is available 24/7 in German
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Betting limits for major events are 5 to 6 figures
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E-wallet withdrawal time is only 10 – 30 minutes
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Bank withdrawals are often processed on the same day
5
Top Newcomer
55Bet
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high betting limits up to 80,000 Euros
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daily withdrawal limit of 10,000 Euros
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E-wallet deposits with Jeton and MiFinity possible
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New customer bonus of 100% up to 200 Euros
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no 5% betting tax for players from Germany
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many cryptocurrencies are offered as deposit methods
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permanent 5% cashback bonus
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Live chat available 24/7
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fast withdrawal within 3 hours via e-wallets and crypto
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only the necessary documents are required to verify the player account
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fast verification in a few minutes
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great player protection – many limits can be set without contacting support!
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over 30 sports to bet on
6
best odds
Asian Connect
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Access to Piwi247, PS3838, Orbit Exchange, 3et, Penta88, Singbet and Pinnacle
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Skrill, Neteller, as well as Bitcoin and Tether as deposit methods
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With the Asianodds tool, you can always grab the best odds and bet more money on a game
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The odds payout for the bookmakers in Asian Connect's portfolio ranges between 96 and 98%!
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Winners and arbitrage bettors are welcome.
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24/7 Live Chat Support
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No maximum on Skrill and Neteller deposits and withdrawals
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Withdrawals within a few minutes
7
Insider tip
Wettenlive
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100% bonus up to 500 Euros, which can be wagered on sports betting and casino at the same time!
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large betting offer with up to 96% payout
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Verification only necessary for a total withdrawal of 2000 Euros
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Withdrawal within 10 minutes for Mifinity and cryptocurrencies
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up to 6500 betting options per match
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great player protection – all limits can be set without contacting support!
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no fees for deposits and withdrawals
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no 5% betting tax for German customers
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German-speaking live chat support from 7 am - 11 pm
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over 40 sports to bet on
Where do I buy cryptocurrencies?
Before we dive deeper into cryptocurrencies, it's important to understand how to acquire them. Buying cryptocurrencies has become much simpler and more user-friendly in recent years. There are various ways to buy cryptocurrencies like Bitcoin, Ethereum, Altcoins, and Stablecoins. However, we advise against buying through the 'Buy Crypto' button on bookmakers, as you are often redirected to external platforms like Moonpay. Moonpay charges a processing fee of 4.5% for credit card payments and 1% for bank transfers. You should also steer clear of Coinbase, a very well-known provider, as it charges 3.99% fees for credit card payments and an additional 1.49% in trading fees. We recommend the following provider for buying cryptocurrencies: Binance – With a 1.8% fee for debit/credit card payments, a €1 fee for bank transfers, and no fee for P2P deposits. More providers for buying crypto will be listed here soon.
Which cryptocurrency should I buy: Bitcoin, Ethereum, Altcoins, or Stablecoins?
When choosing a cryptocurrency to buy – whether it's Bitcoin, Ethereum, various altcoins, or stablecoins – there are several factors to consider. Although Bitcoin holds the leading position among cryptocurrencies, we advise against using it for gambling purposes. The primary reason for this is Bitcoin's significant volatility, which can lead to abrupt price changes. Furthermore, we consider Bitcoin more of an investment asset rather than a means for gambling. Imagine the value of Bitcoin increases by 20% within a week – an event that's not uncommon at all – and you simultaneously lose your gambling stake. The result would be a double financial loss. So, which cryptocurrency would be a suitable alternative? We clearly recommend using Tether or a similar stablecoin.
Explanation of Stablecoins:
Stablecoins are cryptocurrencies that aim to ensure constant price stability. They achieve this by pegging their value to external benchmarks such as traditional fiat currencies (e.g. US Dollar, Euro) or other tangible assets (e.g. gold). Unlike cryptocurrencies like Bitcoin and Ethereum, which can be subject to significant price fluctuations, stablecoins offer a more stable alternative thanks to their peg to real-world assets. The advantages of stablecoins lie in their stable pricing, which leaves little room for speculative gains but ensures reliable financial transactions.
Overview of well-known Stablecoins:
The cryptocurrency market is constantly evolving, and new stablecoins may emerge. Below you will find information on some established stablecoins: Stablecoins offer price stability by pegging their value to reliable external benchmarks such as fiat currencies or physical assets.
- Tether (USDT) : As one of the most widely used stablecoins, Tether pegs its value to the US dollar and has the largest market cap of any stablecoin. It ranks directly behind Bitcoin and Ethereum in the cryptocurrency rankings by market cap and is offered by most gambling providers that accept cryptocurrency.
- USD Coin (USDC) : This widely used stablecoin, pegged to the US dollar, is issued by a consortium backed by Circle and Coinbase. USDC is consistently ranked among the top cryptocurrencies by market cap.
- Binance USD (BUSD) : A stablecoin issued by the cryptocurrency exchange Binance, which is also pegged to the US dollar.
- Paxos Standard (PAX) : Another stablecoin pegged to the US dollar, known for its high regulatory compliance, but less common among betting providers.
- TrueUSD (TUSD) : Like other dollar-pegged stablecoins, TUSD is characterized by its transparency and legal backing.
- Dai (DAI) : Dai differs from other stablecoins by being backed by a variety of cryptocurrencies and managed via smart contracts on the Ethereum blockchain. Dai is also pegged to the US dollar and is among the top 20 cryptocurrencies by market capitalization.
What do I need to consider with Stablecoins?
When using stablecoins, you should consider their use on different blockchain platforms such as Ethereum, Tron, and Solana. For example, if you want to use USDT as an Ethereum-based ERC-20 token with a crypto sports betting provider like Bitubet, it is essential to use the same network for transfers from a digital wallet or cryptocurrency exchange to avoid losing the stablecoins. A list of some prominent stablecoins and their supported networks includes:
- Tether (USDT) was originally implemented via the Omni Layer protocol on the Bitcoin blockchain and is now also available on Ethereum (as ERC-20), Tron (as TRC-20), EOS, Algorand, Solana and other networks.
- USD Coin (USDC) is primarily and most widely offered on Ethereum as an ERC-20 token, but also on Algorand, Solana, Stellar and Tron.
- Binance USD (BUSD) is mainly found on the Binance Chain and Binance Smart Chain as a BEP-2 and BEP-20 token and is also available on Ethereum as an ERC-20 token.
- Dai (DAI) is primarily and first and foremost on the Ethereum blockchain as an ERC-20 token.
- TrueUSD (TUSD) is accessible on Ethereum as an ERC-20 token and also available on other networks such as Tron and Binance Chain.
- Paxos Standard (PAX) is predominantly offered on Ethereum as an ERC-20 token.
Once I've bought cryptocurrencies, how do I send them to the betting provider?
For this example, we'll use the crypto exchange Binance: Sending cryptocurrencies from an exchange like Binance to another provider is a multi-step process. It's important to proceed precisely and carefully to avoid mistakes that could lead to the loss of cryptocurrencies. Here is a detailed article explaining the process step by step:
Introduction
Before you start, make sure you are registered and verified on Binance and that the provider you want to send to accepts cryptocurrencies. Also check whether both platforms support the specific cryptocurrency you want to send.
How to send cryptocurrencies to a betting site
Accessing your Binance account
Log in: Log in to your Binance account. Use your login details and make sure your connection is secure. Security check: You might need to complete a two-factor authentication (2FA) to get access to your account.
Check portfolio: Go to your 'Wallet' or 'Spot Wallet' to check your existing crypto holdings. Choose cryptocurrency: Select the cryptocurrency you want to send.
Find recipient address: Log in to the betting site you want to send to and navigate to the section where your cryptocurrency with the deposit and QR code is shown. Copy address: Copy the exact recipient address. Make sure the address is correct and valid for the chosen cryptocurrency.
Start transfer on Binance
Navigate to send: Go back to your wallet on Binance and select the 'Withdraw' option for the chosen cryptocurrency. Paste address: Paste the recipient address you copied earlier into the corresponding field. If you are using the Binance app, you can click the second icon next to the address bar and simply scan the QR code from the betting provider with your camera. This will automatically fill it in. Select network: Choose the appropriate network. It is crucial that you select the correct network, as sending via the wrong network will lead to the loss of your cryptocurrency. Enter amount: Enter the amount you wish to send. Check the transaction fees and the remaining amount after deducting the fees.
Review and confirm transaction
Check details: Carefully check all transaction details, including the recipient address, amount, and network. Confirmation: Confirm the transaction. You may need to re-verify your identity using two-factor authentication.
Transaction ID: After sending the transaction, you will receive a transaction ID or hash. Keep this for your records. Check status: You can check your transaction status on Binance or use the transaction ID in a blockchain explorer to track its progress.
- Double-check: Always make sure the recipient address is correct. Once sent, cryptocurrencies cannot be refunded if sent to the wrong address. Avoid phishing: Be wary of phishing attempts and ensure you are on the genuine Binance and recipient website. Network selection: Be extra careful when selecting the network and ensure both Binance and the recipient support the same network.
