Crypto Betting Sites
These days it’s hard to avoid cryptocurrencies, especially when it comes to online gambling. Many payment providers now refuse to process transactions connected with gambling, so in Germany you can no longer use payment methods such as Skrill, Neteller, Ecopayz or Ezewallet to deposit at sports betting sites. Neteller and Skrill still work at licensed providers in Germany, but the restricted betting offer and fixed limits make these options less attractive. More payment options at betting sites are likely to disappear in the future, which makes getting to grips with cryptocurrencies all the more relevant, if you haven’t already.
Which Crypto Betting Sites Are Recommended?
There are now crypto sports bookmakers like sand on the beach, but we don’t recommend all of them – many crypto betting sites don’t even hold a licence. Here we present a few crypto betting sites that we’ve tested thoroughly:
1
All-Rounder
Legzo
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excellent reputation
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96% – 98% odds payout rate for bigger leagues
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200% up to €200 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 further crypto deposit options
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withdrawals via e-wallet and crypto within a few minutes
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fast verification
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withdrawals to bank account within a few hours
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no fees
2
Alll-Rounder
Leon.bet
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odds payout rate up to 99%
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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 reachable around the clock in German
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betting limits for bigger events are 5 to 6 figures
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e-wallet withdrawal time only 10 – 30 minutes
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bank withdrawals are often carried out on the same day
3
All-Rounder
Fresh Casino
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200% bonus up to €200 via Wett-Bonus.net with bonus code “WETTBONUS”
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deposits with the e-wallets Jeton and MiFinity possible
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96% – 98% odds payout rate for bigger leagues
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good reputation
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withdrawals via e-wallet and crypto within a few minutes
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withdrawals to bank account within a few hours
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fast verification
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Bitcoin and further crypto deposit options
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no fees
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40 sports to bet on
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good VIP programme
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many bonus promotions for existing customers
4
Best Odds
Spinbetter
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odds payout rate up to 99%
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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 reachable around the clock in German
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betting limits for bigger events are 5 to 6 figures
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e-wallet withdrawal time only 10 – 30 minutes
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bank withdrawals are often carried out on the same day
5
Top Newcomer
55Bet
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high betting limits up to €80,000
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daily withdrawal limit of €10,000
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e-wallet deposits with Jeton and MiFinity possible
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new customer bonus of 100% up to €200
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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 around clock
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fast withdrawal within 3 hours via e-wallets and crypto
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only the most necessary documents are required to verify the player account
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fast verification in a few minutes
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good 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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Via the Asianodds tool you can always grab the best odds and put more money on a game
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.The odds payout rate at 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 as well as withdrawals
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Withdrawals within a few minutes
7
Insider Tip
Wettenlive
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100% bonus up to €500, which can be wagered simultaneously on sports betting and casino!
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large betting offer with up to 96% payout ratio
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verification only required at a total withdrawal of €2000
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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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good player protection – all limits can be set without contacting support!
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no fees for deposits and withdrawals
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German-speaking live chat support from 07 -23
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over 40 sports to bet on
Where Do I Buy Crypto Currencies?
Before we go further into cryptocurrencies, it’s worth understanding how to acquire them. Buying cryptocurrencies has become much simpler in recent years and is now far more user-friendly, with various ways to buy Bitcoin, Ethereum, altcoins and stablecoins. That said, we advise against buying via the “Buy Crypto” button at bookmakers, since it often redirects you to external platforms such as Moonpay, which charges a 4.5% processing fee for credit card payments and 1% for bank transfers. You should also stay away from Coinbase, a very well-known provider, since it charges 3.99% for credit card payments plus 1.49% in trading fees. For buying cryptocurrencies, we recommend: Binance – it charges 1.8% for debit/credit card payments, €1 for bank transfers, and nothing for P2P deposits. We’ll list further providers for buying cryptocurrencies here soon.
Which Cryptocurrency Should I Buy Bitcoin, Ethereum, Altcoins or Stablecoins?
When choosing a cryptocurrency to buy – Bitcoin, Ethereum, various altcoins or stablecoins – several factors come into play. Bitcoin holds the leading position among cryptocurrencies, but we recommend against using it for gambling. The main reason is Bitcoin’s significant volatility, which can cause abrupt price changes. We also see Bitcoin more as an investment asset than a means for gambling. Imagine Bitcoin’s value rises 20% within a week – not a rare occurrence – while you simultaneously lose your gambling stake: that’s a double financial loss. So which cryptocurrency makes a suitable alternative? We clearly recommend using Tether or a similar stablecoin.
Explanation of Stablecoins:
Stablecoins are cryptocurrencies designed to maintain constant price stability. They achieve this by pegging their value to external reference points such as traditional fiat currencies (e.g. US dollar, euro) or other tangible assets (e.g. gold). Unlike cryptocurrencies such as Bitcoin and Ethereum, which can swing significantly in price, stablecoins offer a more stable alternative thanks to their peg to real-world values. Their stable pricing leaves little room for speculative gains, but it does ensure reliable financial transactions.
Overview of Known Stablecoins:
The cryptocurrency market is constantly evolving, and new stablecoins may emerge. Below you’ll find information on some established stablecoins, which offer price stability by pegging their value to reliable external reference points 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 capitalisation among stablecoins. It ranks directly behind Bitcoin and Ethereum in the list of cryptocurrencies by market capitalisation and is offered by most gambling providers that accept cryptocurrencies.
- 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 among the top cryptocurrencies by market capitalisation.
- Binance USD (BUSD): A stablecoin issued by the cryptocurrency exchange Binance, which is likewise pegged to the US dollar.
- Paxos Standard (PAX): Another stablecoin pegged to the US dollar, known for its high regulatory compliance, but less common at betting sites.
- TrueUSD (TUSD): Like other dollar-pegged stablecoins, TUSD stands out for its transparency and legal safeguarding.
- Dai (DAI): Dai differs from other stablecoins in that it is backed by a variety of cryptocurrencies and managed via smart contracts on the Ethereum blockchain. Dai is likewise pegged to the US dollar and is among the leading 20 cryptocurrencies by market capitalisation.
What Do I Need to Consider With Stablecoins?
When using stablecoins, keep in mind that they run across different blockchain platforms such as Ethereum, Tron and Solana. For example, if you want to use USDT as an Ethereum-based ERC-20 token at a crypto sports betting site such as Bitubet, you need to use the same network when transferring from a digital wallet or cryptocurrency exchange to avoid losing your stablecoins. Here’s a list of some prominent stablecoins and their supported networks:
- 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 further networks.
- USD Coin (USDC) is offered primarily and most widely on Ethereum as an ERC-20 token, but also on Algorand, Solana, Stellar and Tron.
- Binance USD (BUSD) is found mainly on the Binance Chain and Binance Smart Chain as a BEP-2 and BEP-20 token and is likewise available on Ethereum as an ERC-20 token.
- Dai (DAI) is found 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 is also available on further networks such as Tron and Binance Chain.
- Paxos Standard (PAX) is predominantly offered on Ethereum as an ERC-20 token.
When I Have Bought Cryptocurrencies, How Do I Send Them to the Betting Site?
We’ll use the crypto exchange Binance as our example here. Sending cryptocurrencies from an exchange like Binance to another provider takes several steps, and it’s important to proceed precisely and carefully to avoid mistakes that could cost you your cryptocurrencies. Here’s a detailed breakdown that walks through the process step by step:
Introduction
Before you begin, make sure you are registered and verified at 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
Access Your Binance Account
Log in: Log in to your Binance account. Use your login credentials and make sure your connection is secure. Security check: You may need to complete two-factor authentication (2FA) to gain 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.
Determine recipient address: Log in to the betting site you want to send to, and navigate to the area where your cryptocurrency is displayed with the deposit and QR code. Copy address: Copy the exact recipient address. Make sure the address is correct and valid for the chosen cryptocurrency.
Initiate Transfer on Binance
Navigate to send: Go back to your wallet on Binance and select the “Send” (“Withdraw”) option for the chosen cryptocurrency. Insert address: Paste the previously copied recipient address into the corresponding field. If you use the Binance app, you can click the second icon next to the address bar and simply scan the QR code at the betting site with the camera. This will fill it in automatically. Select network: Choose the appropriate network. It is crucial that you choose the correct network, as sending via the wrong network will result in the loss of your cryptocurrency. Enter amount: Enter the amount you want to send. Check the transaction fees and the remaining amount after deduction of fees.
Review and Confirm Transaction
Review details: Carefully review all details of the transaction, including the recipient address, the amount and the network. Confirmation: Confirm the transaction. You may need to confirm your identity again via two-factor authentication.
Transaction ID: After the transaction has been sent, you will receive a transaction ID or a hash. Keep this for your records. Check status: You can check the status of your transaction 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 they were sent to the wrong address. Avoid phishing: Watch out for phishing attempts and make sure you are on the genuine website of Binance and of the recipient. Network selection: Be especially careful when choosing the network and make sure that both Binance and the recipient support the same network.
