Getting Started: How to Use Bitcoin for Sports Betting

Bitcoin (BTC) is a digital currency accepted by sportsbooks. As a bettor, you’re probably wondering how to use Bitcoin, where to buy it and if it’ll make placing your bets easier.

Guess what? We’re going to answer your questions because if there’s one thing Odds Shark knows best, it’s betting on sports. And now we can add betting on sports using bitcoin to our very long resume between mastering the point spread and accurately predicting that Brad Pitt would win an Oscar for playing a washed-up stuntman.

There are a few steps involved when it comes to wagering with BTC at an online sports betting site:

  1. Sign up at your favorite sportsbook.
  2. Set up a Crypto Wallet.
  3. Establish an Exchange Account.
  4. Send Bitcoin to your wallet.
  5. Deposit BTC into your betting account.

Creating an Account at a Sportsbook

Create a Betting Account with your favorite Betting Site.

A pair of mobile screenshots describing how to set up Bitcoin with a sportsbook


Setting Up a Cryptocurrency Wallet

Next, you’ll need a wallet to store, send and receive Bitcoin. There are many to choose from and we recommend Exodus.


Purchase Bitcoins at an Exchange

Once you have your wallet, you’ll want to buy some Bitcoin. This is typically done on an exchange, which is like a stock market for cryptocurrencies. We recommend using Coinbase.


How to Buy Bitcoin on the Exchange

Now that you’ve created a wallet and exchange account, you’re ready to buy Bitcoin through your Coinbase account.


Sending Bitcoin to your Wallet

Now that you’ve bought Bitcoin, you’ll want to send it to your wallet to keep it safe and secure.


Depositing BTC in Your Sportsbook Account

With Bitcoin in your wallet, you’re ready to make a deposit into your betting account.

Bitcoin symbol in gold