Best Crypto & Bitcoin Sports Betting Sites in Canada

How to Choose Crypto Sports Betting Sites in Canada?

03.12.2024 20.12.2024

Have you ever considered sports betting with crypto? You probably have, at some point, but what do you do with these numerous sites? How to choose one? Filtering through all these options might be a little daunting, but fear not – we’re here to help.

Before you finally pick a bookie, many questions need to be answered. Should you go for a platform with the most games? Or the site with fast payouts? In this guide, we will be answering any questions you may have about crypto betting sites.

Before selecting a preferred betting site, there are a few factors you need to consider. These include safety, reliability, and user experience. Let’s look into the full list:

• Regulation and Licensing: You should ensure the platform is licensed and regulated by a reputable authority.
• Reputation and Reviews: You need to research the crypto betting sites in Canada you are considering. An excellent way to get information is through online reviews and forums. Feedback from users can paint a pretty good picture of what you might be getting yourself into. The goal is to get information about payout reliability and the quality of the bookie’s customer service.
• Security Features: You should verify that the website has robust security measures, like SSL encryption. Also, make sure the site provides a two-factor authentication for users.
• Cryptocurrency Support: Check the cryptocurrencies the site accepts. Expect to see Bitcoin on almost all sports betting crypto sites. However, other cryptocurrencies like Ethereum, Litecoin, and other altcoins are most likely supported as well.
• User Interface and Experience: Make sure your preferred sportsbook has an intuitive and user-friendly interface. Test out the site to see if it is easy to use and if the navigation is smooth.
• Payment and Withdrawal Options: You should thoroughly research the site’s deposit and withdrawal options. These should include fees, processing time, and minimum/maximum limits.
• Odds and Betting Markets: You must also compare the odds and betting markets with other crypto sites. Choose a sportsbook with competitive odds and a wide range of events to bet on.
• Bonuses and Promotions: Compare the bonuses and promotions among crypto sports betting sites, then choose the option with the best bonuses for new and existing users. 
• Customer Support: Good customer support helps make the gambling experience smoother. To know how effective a customer service team is, message them and see how long it takes them to answer. Consider the number of channels the bookies support, such as live chat, email, and a contact form.
• Mobile Compatibility: If you like betting on the go, you need to ensure that the sportsbook you pick is mobile-friendly or offers a dedicated app.

Here are a few recommended sites that meet the above criteria:

• WooCasino
• 22Bet 
• 20Bet
• Vave Casino

Most Popular Sports on Crypto Betting Sites In Canada

One factor that has made the crypto betting Canada industry thrive is the incredible number of sports events available to bettors. Players can access different sports and markets, from ice hockey to soccer and even some less popular sports. With all the sports available on crypto sportsbooks, which are the most sought-after among Canadian bettors? 

Ice Hockey

In Canada, ice hockey is arguably the most prominent sport. To most Canadians, it is more than just a sport; it is embedded in their culture and history. 

The National Hockey League (NHL) is the premier professional league. It features teams from both the United States and Canada. The sport’s fast-paced nature, skilful play, and physicality make it exciting. 

You can take advantage of ice hockey by exploring its various options, such as moneyline (betting on which team will win), puck line bets (a type of spread betting), totals (over/under), and props (predicting specific events within the game). 

Ice hockey has countless events for punters to explore; the typical NHL season, for instance, is loaded with exciting games. There’s also the Stanley Cup finals and playoffs.

Soccer

This is, without a doubt, the biggest and most popular sport to watch and bet on. Soccer is immensely popular with countless sporting events, so there’s no shortage of events to bet on. Also, almost all crypto bookies in Canada are crying for bettors’ attention, which automatically means competitive odds on events. 

American Football

American football is a big deal in the US and has a good following in Canada. The sport offers a fantastic mix of strategic depth and high-octane, which translates to a unique betting experience. American football also offers different betting styles that suit bettors’ needs. 

One of the most significant events you don’t want to miss is the Super Bowl—one of the most-watched sporting events globally. Although bookmakers in Europe seem to be waking up to the potential of NFL betting, crypto bookies in Canada have already seized the opportunity with quality odds and promotions.

Basketball

Basketball is a popular sport in Canada. The NBA, for instance, is watched by millions of Canadians every season. This is not just because of Canada’s proximity to the US but also because of the success of Canadian teams like the Toronto Raptors in the NBA. 

At its highest level, this sport is entertaining, translating into pure betting excitement. During a game, a lot can happen within a minute. That’s what makes the game an excellent option for different crypto sportsbooks. It is essential to note that since teams are well-established and there’s always a game going on, there is an abundance of stats to guide punters for future games. 

Baseball

While baseball is traditionally an American sport, it also has a massive following among Canadians. Similarly to basketball, this is influenced by Toronto Blue Jays involvement in Major League Baseball (MLB) teams.

Baseball is a fascinating sport with roots deep in tradition. This sport has a growing global fanbase, although not as much as soccer, but it’s getting there. There are different baseball leagues and tournaments across the globe. Next to the US and Canada, baseball has a second home in Far Eastern countries like South Korea and Japan. 

This is where crypto betting comes in. You can seize this opportunity to enjoy global sporting events, including all the betting markets baseball offers.

Tennis

There has been an ongoing argument that tennis is the best sport to gamble on. This is not far from the truth. The one-on-one (or two-on-two) sport is exciting and action-packed. Placing a wager on tennis is a good deal, with bettors able to bet on sets, points, and games. While not as popular as ice hockey and soccer, you still get great odds on significant stage events like the Australian Open and Wimbledon. 

Others

While the sports listed above are the primary sports you are going to see on most crypto sportsbooks in Canada, some others that Canadian bettors are exploring include:

• Rugby 
• Cricket
• Cycling

Crypto Sports Betting Pros and Cons

Cryptocurrency has grown in popularity in different sectors of our economy, and the sportsbook industry is no exception. Crypto has thrived in the betting market because it offers anonymity and untraceability. Some bettors prefer to be private about their betting activities, which is impossible if they opt for traditional financial transactions.

In this section, we will discuss some of the benefits and setbacks faced by Canadian punters when they use digital currency sports betting sites.

How to Sign Up for a Bitcoin Betting Site?

Creating an account for a Bitcoin or crypto website is straightforward and will only take a few minutes of your time. Below is a step-by-step guide on how to go about it:

• Choose a Reputable Site: Select a website that meets the standards we mentioned earlier. You should take into consideration reviews, licenses, and user feedback.
• Visit the Site: Log in to the official website or go to the mobile app of the website you chose.
• Create an Account: Go to the “signup” or “register” option—depending on the website—and click on it. It is usually on the homepage. The next step is to input your data. Most sites ask for an email address, username, and password.
• Verify Your Email: The betting site will direct you to your email for a verification link. Click on it, and your account will be automatically verified. 
• Set Up Two-Factor Authentication (2FA): Many crypto sites require two-factor authentication for added security. Follow the site’s instructions to complete this step. It is also good for your own safety.
• Make a Deposit: Find the deposit section. It is usually located in the dropdown menu. Next, copy the crypto address, then use your wallet to send your desired amount of crypto to the betting site address. Wait for the transaction to be confirmed on the blockchain.
• Start Betting: Once you confirm that your betting wallet has been funded, you can place your bet on your preferred games or events.
• Know the Rules and Terms: It doesn’t stop at placing bets; you need to familiarize yourself with the operator’s rules, betting terms, and withdrawal procedures to ensure a smooth experience.

Types of Bitcoin Sportsbook Bonuses

Using crypto sportsbooks gives exclusive access to some bonuses. These bonuses allow gamblers to build their bankroll and leverage to take more risks. That means you can afford to bet more. Here are the types of sportsbook bonuses that are popular among crypto bookies.

Matched Deposit Bonus

This is the most common type of sportsbook bonus. When you deposit, the operator matches a percentage of your deposit amount, usually up to a specific limit. The standard is usually 100% match bonus. 

For example, if you deposit C$/USDT 100 and the sportsbook offers a 100% matched deposit bonus, you automatically receive an additional C$/USDT 100, totalling C$/USDT 200.

Free Bets

This type of bonus allows you to place bets without using your money. Some of the best crypto betting sites usually give this type of bonus as part of a promotional offer or sign-up bonus. However, there’s a condition attached to this type of offer: you are only allowed to withdraw your winnings and not the amount you stake.

No-Deposit Bets

Like free bets, the no-deposit bonus also doesn’t require depositing any money. They are given as an incentive when you sign up for a new crypto-betting site. These offers allow you to stake bets without worrying about losing money. No-deposit bonuses are usually small, and they come with wagering requirements. 

Rebate Bonus

This type of bonus means you will automatically get back a percentage of your loss over a certain period. For instance, if the crypto site offers a 10% rebate on losses within a week, anytime you stake and lose within that week, you get back 10% of the money you stake.

Reload Bonus

This type of bonus is similar to the matched bonus. The only difference is that the reload bonus is available for existing customers when you make additional deposits. The idea behind this bonus is to reward loyalty and keep you engaged.

Top Cryptocurrencies to Consider for Sports Betting

Before you choose a cryptocurrency for your transactions on a crypto sport betting site, you need to consider fast transactions, low fees, and wide acceptance. Here are some of the top cryptocurrencies to consider.

Bitcoin

Bitcoin is the pioneering cryptocurrency and the most popular among all crypto. It remains the most popular option for sports betting enthusiasts. The coin has widespread acceptance and liquidity, allowing punters to bet on their favourite sports events while enjoying fast, low fees and transaction speed.

Almost all crypto betting sites accept Bitcoin as a payment method. This makes it easy to fund your accounts and withdraw your winnings. Also, the anonymous nature of Bitcoin means you will enjoy anonymity and security, ensuring privacy. 

Ethereum

Next to Bitcoin, Ethereum is a highly sought-after option among betting enthusiasts. Ethereum intelligent contracts allow you to fund your accounts without involving a third party; this means a more efficient and transparent betting process. 

Ethereum is more involved in the sports betting industry as its technology allows for diverse betting possibilities, including peer-to-peer betting, decentralized sportsbooks, and prediction markets. Also, thanks to its community, continuous innovation and development projects have been set up to enhance crypto sports betting further.

Litecoin

This cryptocurrency is also called “silver to Bitcoin’s gold.” It stands out from the rest listed above because it offers the fastest transaction speed and lowest fee. This makes it the most attractive option for sports betting. Thanks to its high scalability, you can place bets quickly and efficiently without worrying about delay. 

Many crypto sportsbooks accept Litecoin as a payment method, so you can enjoy a cost-effective and convenient sports betting experience. 

Others

Apart from the three major crypto options listed above, several other cryptocurrencies are gradually gaining momentum in the sports betting market. These include:

• Ripple (XRP): This cryptocurrency is also popular thanks to its fast transaction speeds and low fees; more bookies, especially in Canada, are gradually adopting Ripple. 
• Bitcoin Cash (BCH): This token has existed for a while. It is an offshoot of Bitcoin, but when compared to Bitcoin, it offers lower transaction fees and faster processing times.
• Tether (USDT): This is one of the best options if you are looking for stability. It is the least volatile option on the list, as its value is pegged to the value of traditional currencies like the US dollar. It is also gaining momentum among crypto sites in Canada. 

Betting Strategies at BTC Sportsbooks in Canada

Betting might be a game of luck, but you can minimize the losses and maximize winnings with a good strategy. A solid plan will give you an edge in the market, creating possible profit opportunities. Here are four strategies to take into consideration before placing a bet:

1. Research and Analyze: You should thoroughly research the teams, players, and past performances. You must make use of statistical analysis rather than gambling randomly. 
2. Bankroll Management: You should have a budget and stick to it. Also, only bet what you can afford.
3. Live Betting: You should take advantage of live betting options by placing bets during games. This way, you can use the game’s flow to your advantage.
4. Keep Records: Keep a detailed record of the previous bets. The aim is to analyze your performance, identify patterns, and improve over time. 

Is Sports Betting with Bitcoin Safe and Legal in Canada?

A direct answer to the question is yes; sports betting with crypto is generally safe. Some credit cards and debit card providers allow banks to block your activities from online gambling, but crypto doesn’t have that issue. That’s one of its many advantages. However, you need to use only reputable platforms with solid security measures. 

Regarding legality, there is no ban on sportsbooks that use crypto in Canada. You can easily gamble on platforms that are licensed outside of Canada. That being said, still ensure you only use reliable platforms. Always verify the legal status of the specific platform you are using.

Conclusion

Crypto sports betting offers Canadian residents an innovative and advantageous approach. It offers fast transactions, anonymity, lower fees, and amazing bonuses, which explains why crypto sportsbooks are gaining traction in Canada. 

Before you decide on a platform, you must consider factors like security, user experience, and legal implications. Using a crypto betting site lets you enjoy a secure, fun, and potentially lucrative betting experience.

FAQs

Is It Possible to Combine Traditional Payments With Crypto Payments on Betting Sites?

Yes, some betting sites allow both traditional and crypto payments, though it depends on the platform. Bonuses may apply only to specific payment methods, so check terms before depositing.

Can I Bet Anonymously with Cryptocurrencies?

Yes, betting with crypto gives you a high level of anonymity compared to what traditional methods offer. Most crypto sites won’t ask for personal or banking information, as the goal is to keep your activities secure and private.