Best Bitcoin Betting Sites in Australia

In this ultimate resource, you will discover the best Australia Bitcoin betting sites in 2021 available in real-time.

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    Is Bitcoin Worth Trying on Betting Sites?

    A mysterious collective who called themselves Satoshi Nakamoto launched Bitcoin in January 2009.

    It remains by far the most popular digital asset and currently comprises almost half the market.

    The hype surrounding BTC is immense and has caused its value to skyrocket at different points.

    As the best-known digital currency, sports betting websites welcome the use of Bitcoin.

    You might find that using Bitcoin on sports betting sites has the following pros and cons.

    The advantages of using Bitcoin on Betting Sites

    • An increasing number of betting websites offer additional rewards to users who deposit with Bitcoin

    • Bitcoin’s ability to gain value means a big win today could be worth even more in the future

    • You can wager without your bank or anyone else finding out

    Why it is a bad idea to use Bitcoin on Betting Sites

    • The heavy transaction fees associated with Bitcoin eat into your money before you begin betting

    • The downside of decentralization is that you have no chance to appeal if a dodgy betting website robs you

    • Bitcoin can fall even faster than it rises, so the value of a big win could drop disappointingly

    Pros of Australia Bitcoin Betting Sites

    Curious about Australian Bitcoin sports betting sites, but still looking for reasons to take action?

    There are countless reasons to give them a try, and here are just a few of them.

    Fiat is becoming worthless

    Fiat currencies are fast becoming yesterday’s news.

    • Inflation reduces their value every day.

    • Governments prefer these centralized currencies as they help them keep control over the financial system.

    • Banks decide if and when you can or can’t use them.

    The time of fiat currencies has passed.

    Bitcoin is the new money in 2021.

    Avoid restrictions

    A Bitcoin doesn’t need intermediaries to be exchanged.

    You don’t have to concern yourself with payment gateways.

    You keep the traditional banking system out of the loop.

    If you live in a country with heavy restrictions, invest in a decent VPN to use Australia BTC sports betting sites.

    Doing so ensures you can even enjoy the action on Australia Bitcoin sports betting companies forbidden in your country.

    Certain end-to-end Bitcoin betting sites in Australia will also let you bet even if you live somewhere where sports betting sites are illegal.

    Disclaimer: We do not encourage any activity that is against the law. Using betting sites that don’t allow people from your country involves risks. One of them is the possibility of losing your entire stake after having your account suspended.

    Higher privacy

    Banks are not really fans of betting sites.

    We have heard and read many stories where people couldn’t get a mortgage due to their use of sports betting websites.

    The fact that they only spent small sums on these betting sites was irrelevant.

    It is different with Bitcoin betting websites in Australia. You can use them without the bank’s knowledge.

    Indeed, you can enjoy complete privacy unless you feel like talking about your hobby.

    Let your money work for you

    While you bet on a regular sports betting website with fiat currencies, you hold … fiat.

    Fiat currencies are outdated and lose their value over time.

    When using a Australia Bitcoin betting site, the amount of Bitcoin you hold will probably increase in value.

    Stay in control of your financial destiny

    If you’re anything like us, you have had issues trying to deposit money on sports betting platforms.

    One of our team couldn’t access their bank account for a month.

    Do you know why? He went to a sports betting website and used his credit card to make a deposit.

    It so happened that a new regulation was put in place in the UK on the 14th of April 2020, and he didn’t know about it.

    He even received a warning from the bank and had to promise not to deposit on sports betting websites anymore.

    BTC keep your bank out of the picture permanently.

    Faster, safer and better Betting Sites

    Most traditional online betting websites that accept Bitcoin aren’t up to date.

    Old-fashioned design, inefficient customer service, slow payouts, and much more.

    On the contrary, the best Australia Bitcoin sports betting sites are more modern, have better technology, and target a more educated audience.

    The result is a growing number of safer Australia BTC sports betting sites that you can trust, which offer better customer support, faster payments, and promotions worth something.

    Rapid payouts and higher limits

    Traditional betting websites have to deal with payment gateways, bank account management, and a ton of financial regulations.

    As a consequence, you’ll notice that you’re forced to accept low deposit and withdrawal maximums, not to mention waiting days to complete a transaction.

    The best Australia Bitcoin betting sites are mainly regulated by the Curacao Gaming Authority, which means a lower level of financial regulation.

    Less financial regulation means fewer limits and faster (sometimes instant) payouts.

    In some cases, the top Australia Bitcoin betting websites have NO limits on deposits and withdrawals, and you get your money instantly. This doesn’t happen with traditional betting websites.

    Bear in mind that blockchains take a certain amount of time to process transactions, but it is still a fast process.

    Are Australia Bitcoin Betting Sites Legal in Australia?

    At present, digital assets are permitted in Australia, so residents can use Australia Bitcoin betting sites.

    It is also legal to register on a sports betting website and make a bet on certain sports markets.

    However, things are more complicated for sports betting platforms, as you’ll find out.

    Are Australians legally allowed to use Bitcoin?

    Yes, Australia permits Bitcoin and is considered one of the more forward-thinking countries regarding digital currencies.

    Digital currencies have been officially legal in Australia since 2017.

    They are considered property in Australia, and as such, you have to pay capital gains tax on them.

    As a result, the rules of the Australian Anti-Money Laundering and Counter-Terrorism Financing Act of 2006 apply to Bitcoin.

    Regarding BTC exchanges the Australian government agency against financial crimes (AUSTRAC), requires the ones operating in Australia to register with it.

    Consequently, these exchanges must comply with various government reporting obligations.

    Any Bitcoin exchange found without a license faces serious punishment.

    In the end, there is some protection when using a reputable Bitcoin exchange in Australia.

    Can you use a Betting Platform in Australia legally?

    Initially, it looked like the Interactive Gambling Act (IGA) of 2001 would spell trouble for sports betting sites.

    Fortunately for these businesses, the terms of the Act enabled them to continue operating their sports markets.

    As a result, Australian residents can register with a sports betting site and get involved in the action.

    The IGA prohibited certain types of gambling, but horse racing, greyhound racing, and sporting events are excluded from the ban.

    Yet there is bad news if you enjoy the excitement of making [ACTs] on games as they happen.

    Although you can stake cash pre-game, this is as far as it goes.

    When it comes to in-play action, you have to visit a physical bookmaker store or phone them.

    What Is The #1 Exchange To Use For Australia Bitcoin Betting Sites In 2021?

    Many exchanges have policies against AU betting sites that accept BTC.

    You may find your account frozen and your funds confiscated if you’re caught using their website to fund your Australian betting site that accepts BTC account.

    Believe us; it is simple for them to get this information. Want to know how? Let’s find out.

    The leading exchanges utilize sophisticated blockchain forensics software to identify relevant blockchain transactions.

    It is very hi-tech stuff, and a few of these exchanges proved it by sending us notifications.

    So, what exchange should you use to deposit on Bitcoin betting sites in Australia?

    The answer is Binance.

    It is a vast exchange, the world’s largest. But, more importantly, it doesn’t have any rules against using Bitcoin betting websites in AU.

    Plus, it is also the best exchange by far for many reasons: top security, currency pairs available, lowest fees, fast withdrawals, and much more.

    By using Binance, you can deposit and bet on your favorite Australia Bitcoin betting site almost instantly.

    Australia Bitcoin Betting Sites

    Both serious and casual punters are beginning to see the advantages of using Australia Bitcoin sports betting platforms.

    They realize that anonymity is one of the major benefits of using Bitcoin.

    Sports

    Australia Bitcoin betting sites provide as many sports markets as traditional sports betting websites.

    Apart from everyday events, you can view special markets for major events like the World Cup, the Olympic Games, and the Super Bowl.

    Punters now understand that they receive better value for money on Australian Bitcoin betting website markets than almost anywhere else.

    However, Australia BTC sports betting sites are even more impressive than you think, as users enjoy the following pros:

    • Low transaction fees

    • Almost instant deposits and withdrawals

    • A wide range of BTC specific bonuses

    • An excellent level of security

    • Fast registration revealing little personal data

    Ultimately, with Australia Bitcoin sports betting sites, you get the gaming experience you always wanted from other betting sites but could never get.

    eSports

    The rise of the electronic sports sector is nothing short of extraordinary, and it now enjoys an audience of approximately 450 million people.

    eSports involve video games, and the most skilled individuals compete against one another on a global stage in tournaments.

    There is even a suggestion that eSports will eventually become part of the Olympic Games.

    While traditional betting sites earned money from eSports, it hasn’t taken long for Australia Bitcoin betting websites to follow suit.

    It is wise to familiarize yourself with eSports before you consider making bets on them.

    Games such as DOTA 2, StarCraft II, and PUBG are among the most popular for tournament purposes.

    Common markets on which you can stake Bitcoin include match outcome, over/under maps and handicap lines.

    Regardless of what you think of eSports, they aren’t going away, so it is best to embrace their presence on Australia Bitcoin betting websites.

    How to determine the best Australia Bitcoin Betting Site?

    Here’s what you should consider when selecting the best Australia Bitcoin betting website for your needs.

    Australia Bitcoin Betting Site trustworthiness

    This is another crucial aspect to take into account when selecting your AU Bitcoin sports betting site.

    In general, Bitcoin transactions are quick, carry low fees, and have no central authority to answer to.

    It is mainly a good thing, but one downside is that your Bitcoin transaction is final.

    Without the “protection” of a central authority, you can forget about a refund if Australian BTC betting sites are dishonest.

    Therefore, it is essential to pick Australian Bitcoin betting sites known for their legitimacy.

    And that’s also why the reputation of Bitcoin betting websites in Australia holds such a significant role in our ratings and rankings.

    To save yourself some time, have a look at our Australia BTC betting sites reviews to make sure you only bet on safe Bitcoin betting websites in Australia.

    Deposits and withdrawals

    It is essential to find AU Bitcoin sports betting sites that help you manage your transactions, and we typically take the following factors into account in our ratings.

    Payment methods available

    Some betting websites offer more deposit and withdrawal methods than others.

    For most punters, having multiple ways to deposit money is an important consideration.

    Does the site offer fast withdrawals?

    One of the big attractions of Australian Bitcoin betting websites is the prospect of a rapid withdrawal.

    You might require quick access to your Bitcoin so you can transfer to a different Australia BTC sports betting site or make a fast trade.

    Some Australian Bitcoin betting websites will process your withdrawals within a few days, while others will process them instantly.

    In general, when it comes to withdrawal speed on AU BTC betting sites, faster is better.

    How much can you withdraw?

    You’ll find that standard sports betting websites often heavily limit the amount of money you can withdraw at once.

    It isn’t easy to find one that lets you withdraw over $10,000 a month.

    Top Australia betting sites with Bitcoin don’t have important restrictions.

    Yet, there are Australian BTC betting sites that only allow you to withdraw small sums.

    This is because they generally don’t have a large amount of money to hand.

    Still, the best Bitcoin betting sites in Australia, like Stake, offer unlimited withdrawals.

    Therefore, it is wise to use safe BTC sports betting platforms in Australia with no withdrawal limits, especially if you wager big.

    Is fiat involved on the Australia Bitcoin Betting Site?

    There is no question that end-to-end AU Bitcoin betting sites are very different from standard sports betting websites. So let’s look at each option.

    Traditional Sports Betting Websites

    Once you put your money into standard betting websites that happen to accept Bitcoin, you’ll find that it automatically becomes fiat.

    You face the same issue when withdrawing, as your BTC becomes fiat once again. That is if you can even withdraw via BTC.

    In the end, you have to pay fees for each transaction, and you’re stuck with fiat currency on the site rather than BTC.

    This is terrible news if you think BTC’s price will rise. Instead, using end-to-end Australia BTC betting sites is a better idea.

    End-to-end AU BTC Betting Sites

    For one thing, you can deposit or withdraw using many different digital assets on such Australia Bitcoin betting sites.

    You also get to use Bitcoin on the site, which is vital.

    Using these AU Bitcoin betting sites gives you several Bitcoin advantages, such as:

    • Faster withdrawals

    • Higher payment limits

    • More Privacy

    Yet, it is a mistake to think that the above pros are guaranteed with 100% of end-to-end Bitcoin betting sites in Australia.

    Being end-to-end Bitcoin only means they can provide these benefits if they want to and put the effort.

    However, only the top Australia Bitcoin betting websites offer most of these benefits.