Best Crypto Basketball Betting Sites in 2023

After reviewing several basketball, here is our selection of the top 2 crypto basketball sites for you.

Reviews of the Top Crypto Basketball Betting Sites

Take a look at our short reviews of 2 best crypto basketball betting sites.

Overview of the Best Crypto Basketball Betting Sites in 2023

Why Choose Crypto Basketball Betting Sites

Basketball is one of the most popular sports for crypto online betting. Luckily, the sport is also covered by top sportsbooks, and you can bet on local and international matches. You can bet on events like the NBA and the FIBA World Cup.

Our top crypto basketball betting sites feature less-known and popular basketball events. Additionally, the odds are very competitive, and you’ll get value from your winning bets.

In this section, we’ll discuss why you should consider betting with a crypto bookmaker.

Potential increase in crypto value

The value of your preferred cryptocurrency  can rise or fall due to market volatility. If the volatility work in your favor, the value of your account balance will increase. Yet, the value could also decline if the market falls.

To avoid the uncertainties of crypto volatility, you can use stablecoins. Our top recommendable stablecoin options include Tether (USDT), USD Coin (USDC), and Binance USD (BUSD).

Swift payouts and higher withdrawal limits

Cryptocurrency transactions are processed faster than fiat payments. Deposits are instant, and withdrawals take only a few minutes.

Withdrawal times may vary depending on your digital currency. But your winnings will be available in your wallet in a short while.

Our top Bitcoin basketball betting sites also offer higher withdrawal limits. In fact, some websites do not have these limits at all. Thus, as a high roller, you can transact huge amounts.

Anonymous play

The best crypto basketball betting sites support high privacy. These sites do not require you to provide personal or banking details. This is because all your transactions are processed directly from your coin wallet.

Because all your transactions are anonymous, you’ll have better privacy and security. Also, you can use Virtual Private Network (VPN) to improve your anonymity. We, however, don’t advocate using a VPN in countries where crypto betting is not allowed.

Enhanced crypto basketball betting experience

Our top crypto basketball betting sites offer excellent user experience. You will not experience dull graphics or slow loading times with these sites. Instead, we’ve chosen sportsbooks that have great visuals, well-organized interface, and seamless navigation.

This means that you can easily place your crypto bet on either desktop or tablet. Also, you can bet on the bookmaker’s web page or download the Bitcoin betting app. Whichever option you choose, you’ll have a wholesome betting experience.

Crypto is king

Fiat payment methods often incorporate fees that can shrink your bankroll. But, cryptocurrencies do not include transaction charges or any hidden fees. This means that you can maximize your winnings.

Another advantage of crypto is the fast and anonymous processing of your transactions. No one will know of your betting transactions.

The Drawbacks of Crypto Basketball Betting Sites

There are many advantages of using crypto basketball betting sites. However, these sites also have several drawbacks. They include:

Crypto basketball betting sites are not regulated

Lack of regulation is one of the disadvantages of crypto basketball betting sites. These platforms are not regulated by the government or financial institutions. As such, you cannot hold a bookmaker accountable in case of fraudulent activities.

This is why we only recommend reputable crypto basketball betting sites. Our sportsbooks are licensed by top regulatory bodies. These include the Malta Gaming Authority and the Curacao government.

Cryptos are volatile

Market liquidity and the lack of regulations are some of the factors that cause volatility. This volatility can negatively affect your bankroll. For example, if you have a huge win and the market suddenly falls, you could potentially lose all your money.

To avoid such cases, we recommend you use stablecoins. Usually, stablecoins are pegged to specific assets or fiat currencies.

Irretrievable transactions

Crypto basketball betting sites offer fast transactions, higher withdrawal limits, and low fees. But one of the key downsides is transaction irreversibility.

If you make a single-digit error, you could end up losing your money. This is because there is no way to retrieve your funds. So when transacting using crypto, always double-check all your details.

Crypto knowledge required

If you decide to use crypto to bet on your preferred basketball team, you will require some basic bet crypto knowledge. For example, you’ll need to research the best cryptocurrencies and how to deposit into your crypto wallet.

Although it can be intimidating for a beginner, the knowledge will be good for you in the long run. Plus, the more you use digital coins, the faster you learn about crypto.

How to Choose Your Crypto Basketball Betting Site

Now you know the pros and cons of crypto basketball betting sites. So how do you choose the best sportsbook?

In this section, we look at some factors to consider.

Is the crypto basketball betting site available in your country?

Before signing up, the first thing to check is whether the sportsbook accepts bettors from your country. The best crypto basketball betting sites have wide geo acceptance. But, sometimes, one of our recommended cryptocurrency basketball betting sites may be restricted in your country.

Usually, you can still use a VPN to access a site unavailable in your country. But you will have difficulties verifying your identity and location. When this happens, your account can be blocked, so you will not have access to your money.

Trustworthiness of the crypto basketball betting sites

When selecting a reliable crypto sportsbook, be sure to check its reputation. In this guide, we have listed trustworthy crypto basketball betting sites. When reviewing each of these sites, we ensure that they support fast and cost-effective transactions.

Betting at such sportsbooks gives you peace of mind knowing your funds and winnings are safe. Fast payout is another factor to consider.

Payments

There are several aspects that you must consider when reviewing payment methods at crypto basketball betting sites. These include the variety, withdrawal speed, and transaction limits.

• Available payment methods

Select a crypto basketball betting site that has many banking options. The best sportsbooks have both major and minor coins. This means that you have the flexibility to choose your favorite crypto.

• Withdrawal speed

Generally, crypto betting sites are known for fast withdrawals. However, the withdrawal time often varies based on the coin and the sportsbook.

• Withdrawal limits

Fiat betting sites often restrict how much you can deposit and withdraw. Luckily, betting with crypto gives you more flexibility.

This is because most crypto basketball betting sites have higher deposits and withdrawal limits. Also, some of our top recommendable sites do not have withdrawal restrictions.

A Beginner’s Guide to Bitcoin Betting on Basketball

Now that you know the factors to consider when selecting a crypto betting site, let’s dive into how to get started. Well, the most important thing is how to set up an account. In this section, we will highlight the simple steps to opening a cryptocurrency basketball betting account.

Step 1: choose a crypto basketball betting site and register

Check our list of recommended crypto basketball betting websites. Our team has reviewed each platform to ensure they are licensed and trustworthy. After selecting a site, go ahead and create your account. The registration process on these sites is seamless; only a few details are required.

As a new user, you can check the sportsbooks with welcome bonuses. Most crypto betting sites always offer first deposit bonuses to new customers.

Step 2: set up your crypto wallet

If you’re a beginner, you need to create a crypto wallet, which serves as a storage space for your currency. There are different types of wallets to choose from, which come in varying safety levels and usage plans. You can choose between a hosted wallet and a non-custodial option depending on your preference.

• Non-custodial wallet

This wallet is also known as “self-custody.” It gives you complete control over the safety of your coins without relying on a third party. It requires you to safeguard your private key and prevent unauthorized access.

With this option, losing your private key or forgetting it means losing access to your digital currency. But, using a non-custodial wallet provides flexibility in transferring funds to crypto basketball betting websites. To keep note of your private key, you can download an app like MetaMask.

• Hosted wallet

Opening an account with a trusted exchange allows you to access a hosted wallet. Since the exchange stores your password, you should not be worried when you lose it. However, there are limitations on what you can do with your money. Note that the exchanges have a set of rules.

Hosted wallets might prompt you to verify your identity. Unfortunately, this requirement potentially compromises anonymity. The exchanges may also restrict spending money on gambling sites.

Step 3: purchase cryptocurrency (optional)

If you already have funds in your wallet, you can skip this step. Simply deposit and claim your welcome bonus. However, if you don’t have enough funds in your crypto wallet, you can use a credible exchange like Kraken or Binance and buy your preferred coin. These exchanges are reputable for fast transactions and don’t restrict users from using the funds for gambling.

Step 4: find your deposit address

Log in to your account and go to the cashier section. Select your preferred cryptocurrency. Luckily, our top crypto basketball sportsbooks feature a huge range of digital coins. To ensure the safety of your transactions, your account is connected with a unique public key known as the deposit address. Also, this ensures that the funds are correctly linked to your account.

Step 5: deposit, wager, and enjoy

Once you’ve copied your deposit address, go back to your exchange or wallet, enter the address, and launch the transaction. The time required for the funds to reflect in your account can vary depending on the chosen crypto.

Check our reviews for information on the Bitcoin basketball betting sites with varied transaction times. You can contact customer support if the funds do not appear in your account after around six hours. Once the funds are available, you can start betting.

If there are no on-going basketball events, you can explore other gaming options. For example, you can play popular casino games such as the Bitcoin crash game.

How We Review Our Crypto Basketball Betting Platforms

My team and I have tested each crypto basketball betting site in this guide. Our reviews are based on key factors such as the registration process and supported cryptocurrencies. We also check for available basketball betting markets. This is the same criteria we have used reviewing Bitcoin football betting sites.

• Step 1: account registration

We register accounts with each sportsbook to provide you with an honest review. We expect a straightforward registration process on each site.

• Step 2: deposit funds

Our team then tests the efficiency of the deposit process. We also review the available banking options. A reliable crypto basketball sportsbook should have many cryptocurrencies. Bookmakers that support major and minor coins have an added advantage.

• Step 3: explore betting markets

We always recommend platforms with many basketball betting markets. Our top crypto and BTC basketball betting sites feature local and international matches. On these sportsbooks, you can bet on popular and less-known basketball leagues.

We also test the various sports betting markets and compare the odds with other bookmakers. We also check if the sportsbook has alternative betting options. Our top sites cover other popular sports, such as football and baseball. They also have a casino section where you can play crypto slot games and live dealer games.

• Step 4: assess customer support

We value sites that have responsive customer support. To get a first-hand experience, we test the efficiency of the available contact channels like live chat and email. Sports betting sites with friendly and professional customer service get a better ranking.

• Step 5: withdrawal of winnings

Withdrawal issues are often a common challenge faced by many online bettors. The best crypto basketball betting sites support fast withdrawals with higher limits. If you choose our recommended sportsbooks, you are sure there are no hidden fees. We test this by depositing and making withdrawals from each of the sites. Other features that we test include the basketball betting markets and odds.

• Step 6: consider bettors’ feedback

Other than our experiences, we also factor in feedback from other bettors. We give priority to operators with positive reviews from the majority of basketball punters. We do not hesitate to mention any poor experience we have with a particular provider.

Basketball Markets on Cryptocurrency Basketball Betting Platforms

Cryptocurrency basketball betting platforms offer an exciting array of markets for basketball enthusiasts. The industry is as vibrant as the one that uses fiat money.

These crypto betting sites will cater to your preferences, whether you love NBA markets or the thriving European basketball scene. Below are some of the basketball betting markets that you can explore

Match winner

This is the most popular market. It involves selecting the team you believe will win the game. Each basketball match has a favorite with shorter odds and an underdog.

The “spread” option is a well-known market. Here, the favored team is given a predetermined handicap of points they must overcome. You can choose to back the favorite to beat the spread or select the underdog.

For example, if the Lakers are expected to defeat the Golden State Warriors by nine or more points, the spread is set at -8.5. You can bet on the favored team to beat the spread or the underdog to win with an -8.5 point advantage.

If you favor the underdog, they must lose by no more than eight points for you to win the bet.

Alternative spread markets

Sometimes you may feel that the game will be a mismatch or closer than anticipated. This market has various spread options with different odds to match your risk appetite. For example, for your bet on team A to win, they must lose by lesser than the point spread offered by the bookmaker. On the other hand, a bet on Team B to win, they have to win the game by more than the provided spread.

Total points

This market allows you to bet on the combined total points scored by both teams in the game. Under this basketball market, there are mainline options and alternative markets. Additionally, most cryptocurrency basketball betting platforms provide markets for the points scored by each team individually.

Halves & quarters

Another betting option is predicting the outcome of specific quarters or halves of a basketball match. For instance, you can bet on the points scored in the second quarter or the first half. You can also wager on Team X to score a certain number of points or win by a specific margin in each half or quarter.

Individual performance

Under this market, you can explore the options centered on individual players. It is common to place bets on a team’s star player. The market involves predicting the player to score the highest points.

To conclude, cryptocurrency basketball betting platforms have numerous markets. However, before you place a bet, make sure you have done your research. Some of the main aspects to note are the team’s current form and their performance in the last few games. Also, compare the odds on various sports betting sites and settle for the most convenient option.

With our top crypto basketball betting sites, you will find these and more betting markets. You can bet on less known tournaments and popular leagues such as the NHL.

Which Exchange Should You Use for Crypto Basketball Betting Sites?

Some exchanges allow the transfer of funds to or from crypto basketball betting sites. However, some restrict gambling use, and they can seize your fund if you use their platform for such purposes. But how do they find out?

Top exchanges use advanced blockchain software to detect relevant transactions on the blockchain. These software tools are highly effective.

So, which exchange supports Bitcoin online gambling? In our opinion, Binance is the perfect option.

Binance is one of the largest exchanges globally. Besides, it has never implemented any policies against online betting. It has many advantages, such as low fees and fast withdrawals. You also enjoy high-level security and a wide range of currency options.

To discover its benefits, simply create an account on Binance and discover its benefits. You will realize that depositing funds and placing bets on reputable crypto basketball betting sites is seamless.

Pros and Cons of Using Bitcoin on Basketball Betting Sites

Betting with cryptocurrencies has its advantages and disadvantages. But, the benefits are more than the drawbacks.

Advantages of crypto basketball betting sites

• Huge bonuses. Crypto sites are popular among online players. This is why many crypto basketball betting websites offer impressive bonuses.
• Potential for value growth. Your coin can increase in value means that even a small win could potentially result in a huge reward.
• Anonymity. Users can enjoy higher security on crypto basketball betting sites. The transactions with crypto do not reveal your identity.
• High withdrawal limits. Top crypto betting sites are excellent for high rollers who transact huge amounts. Also, your transactions are processed fast.
• Many betting options. Apart from basketball, crypto sportsbooks cover many sports, including football, soccer, and eSports. Our cryptocurrency casino also features many casino games, such as slot and poker.
• Diverse crypto payment methods. These sites accept major coins such as Bitcoin, Ethereum, and Dogecoin. You can also use less popular cryptos such as Monero, Solana, and Cardano.

Disadvantages of crypto basketball betting sites

• No recourse: Bitcoin operates on a decentralized network. This means that in case of any complaints, such as unfair gaming, you cannot get any help from authorities.
• Value fluctuations. Cryptocurrencies, including Bitcoin, are known for their volatility. In case of a drop in the market, the value of your win can reduce significantly.
• Transaction irreversibility. Crypto transactions are irreversible. Thus, you can’t retrieve your money if you make a mistake when keying in your coin wallet address.

Effective Strategies for Crypto Basketball Betting

Whether you are interested in basketball or crypto cricket betting, you need to have a well-defined betting strategy. A strategic approach guides your decisions on when to place a bet. It can also help you determine the appropriate bet sizes and know when to exit a market. Below are some valuable crypto basketball betting strategies that you can consider:

Have a reasonable budget

Before you launch your betting session, you must establish a clear budget. Define the amount you’re willing to wager and plan your potential wins. Never wager more than you’re comfortable losing.

Avoid chasing losses

When you have a clear budget, you will avoid chasing losses. After hitting your loss limit, it is best to conclude your betting session. Taking a break from the market allows you to regain clarity of mind. This will help you make informed betting decisions and prevent chasing losses.

Focus on low-risk bets

As a beginner or conservative punter, you should start with small and low-risk wagers. This strategy builds your confidence and minimizes the risk of depleting your bankroll. You can gradually increase your bet sizes as you become certain with your bet analysis. But always avoid wagering amounts that you are not willing to lose.

Conduct thorough research

Before you bet on a specific team, gather enough information about it. Review their recent performances, including their previous matches. Look out for factors such as new player acquisitions and key player injuries. Research any other relevant information that may impact the team’s performance.

Capitalize on bonuses

There are many bonuses on the crypto basketball betting sites. Offers such as welcome bonuses provide additional funds to wager with. With these rewards, you to place more bets. This means that you will potentially increase your chances of winning real money. Our top sites also have other promotions for existing users, such as reload bonuses and cashback.

In conclusion, always remember to gamble responsibly. Also, adhere to your country’s legal regulations governing betting activities.

Responsible Gambling on Crypto Basketball Betting Sites

When it comes to crypto basketball betting, responsible gambling takes center stage. There are a few key principles that will ensure you have a positive betting experience. One main principle is to avoid chasing losses. This can lead to impulsive and irrational betting decisions.

You also need to refrain from gambling while under the influence of alcohol or drugs. Remember, impaired judgment can adversely affect how you analyze the markets and odds.

Setting up effective bankroll management strategies is another important aspect. It allows you to have control over your funds and limit overspending.

Lastly, remember that you should only wager an amount you are willing to lose. This will help you to avoid any financial strain or negative consequences.

Responsible gambling practices can help you cultivate a healthy and sustainable approach to crypto basketball betting.

Our top crypto basketball sportsbooks also have some tools to help you maintain responsible betting. These tools include stop limit, time out, and deposit limits.

Conclusion

Crypto basketball betting allows you to explore various betting markets without restrictions. In this guide, we’ve recommended bookmakers that allow you to bet anonymously.

Also, these sportsbooks offer higher withdrawal limits and minimal charges. You can now maximize your basketball betting profits.

In terms of betting markets, there are many options to consider. They include total points, match winners, halves and quarters, and alternative spreads. Before placing a crypto basketball bet, go through the strategies discussed in this guide.

There are many tips to consider to enhance your crypto basketball betting experience. First, you must have a clear budget. Also, focus on matches that you fully understand. Lastly, begin with small, low-risk bets to gain confidence and experience.

If you are interested in other sports betting options, we have reviews on football and esports betting with crypto. We also have guides tailored to casino players. They feature popular crypto games, such as blackjack and roulette.

Discover the thrilling world of crypto basketball betting. Sign up today to get started.

FAQs

What are the benefits of cryptocurrency basketball betting?

The main advantages of cryptocurrency basketball betting include absolute privacy and high transaction limits. Remember, there are no fees applied as well. Also, your coin value may increase over time. Potentially, this rise increases the value of your winnings.

Are there any risks of cryptocurrency basketball betting?

There are certain risks associated with cryptocurrency basketball betting. For instance, the crypto value can decrease and impact your winnings negatively. More drawbacks include transaction irreversibility and the lack of regulatory oversight.

Does cryptocurrency basketball betting involve any fees?

No, there are no transactional fees involved when transacting with cryptos. However, “hybrid” sportsbooks that convert your crypto into fiat will charge some currency conversion fees. You can opt for an end-to-end crypto basketball betting site to avoid such charges.

How are winnings paid out in cryptocurrency basketball betting?

Crypto basketball sportsbooks support numerous digital currencies. If you use any of our recommended sites, you will enjoy the convenience of having a wide range of options. These sites support both major coins, such as Bitcoin and Tether, as well as minor cryptos, like Dash. Also, your winnings are processed swiftly. You only need a few hours for the funds to be added to your account.

How does cryptocurrency basketball betting work?

Crypto basketball betting operates similarly to regular basketball sportsbooks. But, it has the advantage of reduced transaction costs. Crypto bookmakers allow you to maximize your winnings. They also guarantee fast payouts with no withdrawal limits.

Which exchange is recommended for crypto basketball betting sites?

Remember that not all exchanges support gambling activities. Top exchanges suitable for crypto basketball betting include Binance and Kraken.

Rundown of the Best Crypto Basketball Betting Sites in 2023

1. Betonline 
2. BC.Game