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A smartphone is shown featuring Bitcoin, a big member of cryptocurrency betting.

Cryptocurrency is becoming a very popular way for people to complete transactions due to its security and anonymity. There are also significant swings in the price of some of these cryptocurrencies, such as Bitcoin and Ethereum, which can result in a rapid increase or decrease in your original investment, making it an intriguing market.

If you want to double down on the excitement, or you have your finger on the pulse of transactions surrounding Bitcoin and Ethereum and where the price will be, then cryptocurrency betting may be right up your alley.

Online sportsbook Bovada releases daily cryptocurrency betting markets in two-hour intervals and you can wager on whether the price of Bitcoin or Ethereum will be up or down over each two-hour span. Both sides provide -115 odds.

If you are unfamiliar with cryptocurrencies, be sure to check out our Bitcoin hub page to give you all the information you need.

See Odds Shark’s Best Bitcoin Sites

Cryptocurrency Betting: Two-Hour Intervals

Will Bitcoin (BTC) be up or down between 10 a.m. ET and 12 noon ET?
Outcome Odds
Up -115
Down -115
Will Ethereum (ETH) be up or down between 10 a.m. ET and 12 noon ET?
Outcome Odds
Up -115
Down -115
Will Bitcoin (BTC) be up or down between 12 noon ET and 2 p.m. ET?
Outcome Odds
Up -115
Down -115
Will Ethereum (ETH) be up or down between 12 noon ET and 2 p.m. ET?
Outcome Odds
Up -115
Down -115
Will Bitcoin (BTC) be up or down between 2 p.m. ET and 4 p.m. ET?
Outcome Odds
Up -115
Down -115
Will Ethereum (ETH) be up or down between 2 p.m. ET and 4 p.m. ET?
Outcome Odds
Up -115
Down -115
Will Bitcoin (BTC) be up or down between 4 p.m. ET and 6 p.m. ET?
Outcome Odds
Up -115
Down -115
Will Ethereum (ETH) be up or down between 4 p.m. ET and 6 p.m. ET?
Outcome Odds
Up -115
Down -115
Will Bitcoin (BTC) be up or down between 6 p.m. ET and 8 p.m. ET?
Outcome Odds
Up -115
Down -115
Will Ethereum (ETH) be up or down between 6 p.m. ET and 8 p.m. ET?
Outcome Odds
Up -115
Down -115
Will Bitcoin (BTC) be up or down between 8 p.m. ET and 10 p.m. ET?
Outcome Odds
Up -115
Down -115
Will Ethereum (ETH) be up or down between 8 p.m. ET and 10 p.m. ET?
Outcome Odds
Up -115
Down -115

Cryptocurrency Betting FAQ

What is Bitcoin?

Bitcoin was created in 2009 and is a cryptocurrency in which people can make transactions without using banks and as a result, you can avoid some banking fees. You must open a digital wallet, which is like a virtual bank, to buy and sell Bitcoin. You can see all the steps in purchasing Bitcoin with this how to use Bitcoin guide.

Can I use Bitcoin at a sportsbook?

Yes, most online sportsbooks accept Bitcoin and actually prefer it to avoid credit card or banking fees. As a result, these sportsbooks often times will provide better odds and larger deposit bonuses to encourage you to use cryptocurrencies. Additionally, the payouts tend to be much faster as well.

Is it legal to gamble with Cryptocurrency?

Yes! Cryptocurrencies such as Bitcoin, are readily accepted at many sportsbooks and are a benefit to you due to the speed of depositing and withdrawing. Most sportsbooks will even provide larger deposit bonuses for using Bitcoin to avoid some banking fees. Be sure to check out all of the advantages of betting with cryptocurrencies.