You might be content with your current Bitcoin betting platforms, but there’s always room for something fresh and exciting. Whether you’re a regular Bitcoin bettor or just dipping your toes into crypto wagering, the latest Bitcoin betting sites offer a wide range of advantages. Let’s look into some of these newcomers below.
Best New Bitcoin Betting Sites 2024
What Defines a New Bitcoin Sportsbook?
In simple terms, a new Bitcoin sportsbook is a betting platform that not only accepts Bitcoin but is also a recent addition to the market. At GOSUBETTING, we consider a site “new” if it has been around for less than two years.
These emerging Bitcoin betting platforms are mostly crypto-centric, allowing you to both deposit and wager in Bitcoin. Others might accept both cryptocurrency and fiat money though, while some may only allow Bitcoin deposits but convert them to USD for betting. We’ve found something for everyone.
How to Select a New Bitcoin Betting Platform
Sure, you can use our site to pick a new Bitcoin sportsbook based on attractive bonuses alone, but we recommend a more comprehensive approach. Our team has invested significant effort in not just identifying but also rigorously reviewing these new crypto betting platforms to give you a well-rounded view.
Key Considerations Include:
Regulatory Compliance, Security Measures, and Licensing
We only endorse secure platforms and adhere to safe practices. While not all Bitcoin betting sites have formal licenses, the presence of Provably Fair technology is a strong indicator of reliability. Many of these platforms also offer a range of tools to promote responsible betting, especially when using cryptocurrencies.
Diverse Gaming Options and Mobile Compatibility
Why limit yourself to games from a single provider? One hallmark of new Bitcoin betting sites is their extensive betting opportunities from live games to esports and other popular sports betting options, these new platforms offer a wide array of choices. Rest assured, the top new Bitcoin betting sites will provide a good mobile experience as well.
Balanced BTC Bonuses You Can Trust
While most crypto betting platforms offer BTC bonuses, the newest Bitcoin betting sites are no exception. But a large bonus isn’t the only telltale sign of a top-notch site. It’s crucial to balance the welcome bonus against its terms and conditions. At GOSUBETTING, we prioritize platforms that offer reasonable bonuses with transparent conditions, even if the bonus amount isn’t the highest in the market.
Cutting-Edge Features for a Modern Experience
Beyond bonuses and basic features, we expect new BTC betting sites to offer the latest and greatest in gaming technology. This includes innovative betting opportunities and a mobile-friendly interface. We won’t settle for anything less than the most advanced features, and neither should you.
Why Choose New Over Established Bitcoin Betting Sites?
One common question we encounter is, “Aren’t older, more established betting sites better?” While it’s true that long-standing platforms have built trust, they aren’t necessarily superior. New BTC betting sites may lack a long track record, but our team extensively researches and reviews the developers and operators behind these platforms.
If we recognize their quality work from other projects, we can confidently predict the new site’s future success. In short, don’t discount new platforms, they often bring fresh and exciting features to the table.
Let GOSUBETTING Guide You to New Bitcoin Betting Platforms
If you’re considering joining a new Bitcoin betting site, allow GOSUBETTING to assist you. We offer a range of helpful insights to help you make an informed choice and enjoy a smooth start on these new crypto betting platforms. From detailed reviews to insider tips, we’ve got you covered.
Trustworthy Reviews You Can Count On
At GOSUBETTING, we don’t just list new Bitcoin betting sites, we rigorously evaluate them to ensure they meet our high standards. We use these platforms as others do to see how they work the same way you would before joining.
In short, this enables us to provide an independent and straightforward review that you can trust. We also offer a Deposit Guarantee. This is our mark of approval that we are proud of and bettors can always trust in.
Your Gateway to Reputable New Bitcoin Betting Sites
By now, you should have a comprehensive understanding of how we operate at GOSUBETTING. We are committed to guiding you if it is your first Bitcoins betting experience or if you want to consider a newly released platform.
Guide to Selecting the Best Bitcoin Betting Site
Still on the fence about which Bitcoin betting site to choose? Here are a few of the aspects to look at before getting started:
- Sports and Markets: Evaluate the range of sports offered, from soccer and tennis to esports and horse racing. Also, consider the variety of betting markets available for these events.
- Competitive Odds: Look for platforms that offer favorable odds. For example, Lucky Block stands out for its excellent odds across multiple events.
- Bonuses: A good platform will offer enticing bonuses. A betting site, for instance, that offers a 200% matched deposit bonus as a welcome gift is a good start.
- Swift Withdrawals: Top-tier sites should process withdrawals quickly. You’ll want platforms that excel in this aspect.
- Privacy Measures: Given the anonymous nature of blockchain, look for platforms that uphold your privacy.
- Customer Experience: We recommend sites that provide an excellent user experience, from account creation and depositing to betting and withdrawal.
- Cryptocurrency Options: Check whether the platform works with the currencies that you intend to use. Taking note of these aspects will help you to choose a good Bitcoin betting site for you.
Featured New Bitcoin Betting Site
BC.Game Welcome Bonus
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Our Evaluation Criteria
While we’ve touched on what we look for in new Bitcoin betting sites, it’s worth noting that our team uses these platforms. This hands-on approach enables us to assess how these sites treat their players, offering you an unbiased perspective in our reviews.
Continuously Updated Listings
A “new” Bitcoin betting site won’t stay new forever. As platforms mature and prove their reliability, we continue to monitor their performance. Our list of recommended sites is regularly updated to include emerging platforms that meet our stringent criteria.
Supported Cryptocurrencies
The range of accepted cryptocurrencies varies among different sportsbooks. However, some commonly supported cryptocurrencies include:
- Bitcoin: Universally accepted, with transaction times averaging 10-20 minutes.
- Dogecoin: Known for its quick 1-2 minute transaction times and minimal fees.
- Litecoin: Gaining traction for its fast and cost-effective transactions.
- Bitcoin Cash: Offers quicker and more affordable transactions compared to Bitcoin.
- Ethereum: Widely accepted, with withdrawal times as quick as five minutes at certain sportsbooks.
Top New Crypto Betting Site Bonuses to look out for
Various bonuses are available at leading crypto sportsbooks:
- Free Bets: In essence, free bets are credits you receive from the platform that allows you to make your wager. That means, they’re “risk-free” as you’re not risking your own money on them. With a free bet bonus, one wins and keeps the money but loses without losing their money.
- Matched Deposits: In a matched deposit bonus, the betting platform matches the amount you deposit up to a certain percentage and limit. For example, a 100% matched deposit would double your initial deposit, giving you twice the money to bet with. These often come with wagering requirements, meaning you’ll need to bet a certain amount before you can withdraw any bonus-related winnings.
- No Deposit Free Bets: These are bets you can place without having to deposit any of your own money. They’re a way for you to try out a platform without any financial commitment. However, these are often smaller amounts and come with stricter wagering requirements.
- VIP Perks: These are special bonuses and promotions offered to long-term, loyal users of a platform. They can include anything from exclusive betting options, and higher betting limits, to more favorable withdrawal terms. VIP perks are designed to enhance the overall betting experience and reward customer loyalty.
Each type of bonus comes with its own set of terms and conditions, so it’s important to read the fine print before taking advantage of these offers.
Understanding Bitcoin Betting Mechanics
These bitcoin platforms enable bettors to bet with bitcoin and other cryptocurrencies, which are a good alternative for US dollars. Such a feature is especially useful for those who have optimistic crypto assets and prefer betting without liquidating their positions. Essentially, you deposit, bet, and withdraw all in Bitcoin or other cryptocurrencies.
Apart from the currency used, the mechanics of Bitcoin betting are quite similar to traditional online betting. Many renowned sports books offer both fiat and crypto betting options, providing the same variety of markets and odds to both types of bettors.
Is Betting with Crypto Secure?
Betting with cryptocurrencies can be as secure as betting with traditional currencies, provided you choose a reputable sportsbook.
One of the primary benefits of crypto betting is the transparency it offers. All transactions are recorded on the blockchain, providing a clear trail for any payment disputes. If there’s ever a question about a transaction, the blockchain serves as an indisputable record.
However, like traditional betting sites, crypto sportsbooks are not immune to security risks. These platforms must implement robust security measures, such as encryption and two-factor authentication. Many established crypto sportsbooks also offer insurance to safeguard players’ funds in case of a security breach.
Before choosing a crypto sportsbook, it’s advisable to research its security track record. Opt for platforms that have been in operation for a significant period without any reported security incidents or loss of player funds. Unlike traditional sportsbooks, crypto platforms are not federally insured, making it essential to choose a trustworthy site.
Is Crypto Betting Legal in the US?
In the United States, crypto sports betting largely exists in a legal gray area. While there’s no federal prohibition on sports betting, online betting, or crypto betting, regulations are primarily set at the state level.
Some states permit online sports betting but only through state-licensed fiat sportsbooks. Currently, only a handful of licensed sportsbooks in Virginia and Colorado accept crypto deposits, and they do so with regulatory approval.
Most crypto sportsbooks operate offshore, outside the jurisdiction of US state regulators. While offshore betting has been available to US residents for decades, its legality remains ambiguous.
Some states have laws against betting with unlicensed sportsbooks, but enforcement is rare, especially for offshore crypto betting. Therefore, players must familiarize themselves with their state’s gambling laws to understand the legal implications of betting with crypto.
Premier Bitcoin Betting Apps
Most Bitcoin-friendly sportsbooks are optimized for both desktop and mobile web browsers, allowing players the flexibility to wager from their smartphones without requiring a laptop. Fortune Jack stands out with its superior Bitcoin betting app, available for both iOS and Android users. BC. Game is another contender, offering a mobile app that can be downloaded directly from their official website.
The Rise of Bitcoin in Sports Betting
Over the past five years, the market has seen an influx of Bitcoin sports betting platforms, contributing to the industry’s remarkable expansion. Recent data has unveiled striking statistics that highlight the untapped potential of this rapidly evolving sector of cryptocurrency sports betting.
The Growth of Bitcoin Betting
In making estimations about what could happen in the future with regard to this industry, one may anticipate that the existing figures will at least more than double up to 2023. Bitcoin found its position as a number one gambling means used on websites with slot machines or table games. It appears that the sports betting arena is keen on adopting this trend as well.
Advantages and Disadvantages of Bitcoin Betting vs. Conventional Betting
In today’s digital landscape, online betting is evolving, and Bitcoin sportsbooks offer distinct advantages over their traditional counterparts. However, there are also some downsides. Let’s delve into both.
Advantages of Bitcoin Betting Platforms
The merits of Bitcoin betting are largely due to the unique features of cryptocurrencies, such as financial discretion, minimal fees, quick transactions, and the potential for anonymity as many crypto sportsbooks don’t require personal information. This is a stark contrast to traditional sportsbooks, which are bound by anti-money laundering regulations.
Advantage #1: Quick registration
Without having to fill out any KYC documents, you would only take one or two seconds to register and start placing bets. In addition, a majority of withdrawals are processed within one hour compared with their traditional counterparts which take as much as two business days.
Advantage #2: Financial Discretion
Platforms like Stake and Jackbit offer unparalleled financial privacy through cryptocurrency transactions. This level of privacy can even extend to anonymity if executed correctly. Such discretion allows you to keep your betting activities concealed from financial institutions, credit agencies, and perhaps even your significant other.
Advantage #3: Minimal Fees
Conventional betting sites often come with a plethora of fees, including those for credit cards and various transaction costs. Bitcoin sportsbooks have a distinct edge here, as cryptocurrency transactions can significantly reduce these expenses. Studies indicate that crypto transaction fees can be up to 90% lower than those of traditional banks.
Advantage #4: Global Accessibility
Traditional betting sites are bound by licensing requirements, taxes, and regulations, which can limit their operational scope. However, Bitcoin sportsbooks like 1xBit and Bitcoin can circumvent these limitations by accepting crypto transactions, enabling them to serve a global audience. However, using a VPN may be necessary depending on your jurisdiction.
Advantage #5: Generous Rewards
Bitcoin sportsbooks often outperform traditional platforms when it comes to bonuses and promotions. The cost savings from reduced transaction fees and other overheads allow these platforms to offer more enticing incentives.
Disadvantages to Consider
While Bitcoin betting offers numerous advantages, it’s crucial to be aware of potential drawbacks. For instance, some platforms may accept your deposits but restrict withdrawals if they discover you’re from a prohibited country. Always scrutinize the terms and conditions to avoid unpleasant surprises.
Limitations of Bitcoin Betting Platforms
However charming it may seem, one should know that there are risks also, in everything. Here’s a breakdown of some of the key drawbacks:
Drawback #1: Regulatory Uncertainty
Mainstream sportsbooks operate under stringent regulations and are obligated to follow KYC/AML guidelines. This is largely because they deal with fiat currencies, which are regulated by financial institutions and governments.
However, the absence of such oversight makes it easier for Bitcoin sportsbooks to operate without a license. This lack of regulation increases the risk of unfair practices or even fraudulent activities. Therefore, it’s advisable to stick to reputable, licensed crypto sportsbooks.
Drawback #2: Absence of Chargebacks
The use of credit cards and other fiat payment methods in traditional sports books gives room for a chargeback through the financial gateway. In case things did not go the way you wanted them, you are free to request a chargeback of the money.
However, having already used Bitcoin for making a bet there will be nothing one can do later as all the transactions are irretrievable. This makes choosing a reputable Bitcoin sportsbook even more vital.
Drawback #3: Volatility of Cryptocurrency
The value of Bitcoin is known for its extreme fluctuations. If you place a bet worth $10,000 in BTC and win an additional $2,000, your victory might feel hollow if the value of Bitcoin plummets, reducing your total withdrawal to a fraction of its initial worth.
On the flip side, your initial deposit could also multiply if Bitcoin’s value soars. Essentially, betting with Bitcoin adds an extra layer of risk, making it doubly important to only wager amounts you’re comfortable with.
In summary, while Bitcoin betting has its advantages, it also comes with inherent risks that can’t be ignored. Make sure you’re fully aware of these limitations and comfortable with them before diving into the world of Bitcoin sports betting.
How to Start Betting at a New Bitcoin SportsBook
Here’s a simplified guide to help you navigate the world of Bitcoin sports betting, along with tips on how to take advantage of their generous welcome offer.
Step 1: Create Your Betting Account
Begin by pressing the ‘Sign Up’ icon located on the website’s landing page. To achieve that, you will need to add personal details such as your email address, choose an appropriate username, and design a strong password.
Step 2: Add Funds to Your Account
After establishing your profile, navigate to the ‘Deposit’ icon. You will receive a wallet address specific to each particular currency you want to use in which to deposit your funds.
Step 3: Pick Your Sporting Event
Go to the ‘sports’ category and pick a game that you would like to gamble on. There will be different offers like 3-way bet win/lose/draw handicap bets and total bets depending on what sport and particular match.
Step 4: Place Your Bet
Once you’ve picked your betting market, it will usually appear in the bet slip located on the right-hand side. Input the amount you’d like to wager and confirm your bet. Winnings are credited to your account within seconds of the event’s conclusion.
Conclusion
In a nutshell, top-tier Bitcoin betting platforms offer a plethora of sportsbook options, competitive odds, and enticing bonuses. Creating an account only takes a minute, you just have to present an email and password.
There are diverse sports and competitions like NBA, NFL, Premier League, or even Esports available for you. Each of these offers numerous individual betting markets, both pre-game and in-play, ensuring a comprehensive betting experience.
Frequently Asked Questions about New Bitcoin Betting Sites
These FAQs should provide a solid foundation for anyone interested in exploring new Bitcoin betting platforms. Always remember to gamble responsibly and do your due diligence before diving in.
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What is a New Bitcoin Sportsbook?
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How Do I Choose a New Bitcoin Betting Site?
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Are New Bitcoin Betting Sites Safe?
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What Types of Bonuses Can I Expect?
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Do New Bitcoin Betting Sites Offer Mobile Betting?
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What Sports Can I Bet On?
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How Fast Are Withdrawals?
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Can I Bet Anonymously?
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What Are the Drawbacks of New Bitcoin Betting Sites?
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Is Betting with Bitcoin Legal?
