Best Bitcoin Betting Sites in Canada

This article gives you an overview of the best Bitcoin betting sites in 2022.

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Stake

4.86
Deposit with
  • BTC
  • BCH
  • ETH
  • +8
  • End-to-end crypto
  • Anonymity
  • Features
  • End-to-end crypto
  • Anonymity
  • Products Available
    • Sports
      Sports
    • Casino
      Casino
    Sports Available
    • American Football
      American Football
    • Australian Rules Football
      Australian Rules Football
    • Badminton
      Badminton
    • +42
    Features
  • End-to-end crypto
  • Anonymity
  • Products Available
    • Sports
      Sports
    • Casino
      Casino
    Sports Available
    • Tennis
      Tennis
    • Basketball
      Basketball
    • Baseball
      Baseball
    • +53
    Deposit with
    • BTC
    • ETH
    • LTC
    • +9
  • End-to-end crypto
  • Anonymity
  • Features
  • End-to-end crypto
  • Anonymity
  • Products Available
    • Sports
      Sports
    • Casino
      Casino
    Sports Available
    • Basketball
      Basketball
    • Tennis
      Tennis
    • Baseball
      Baseball
    • +34
    4
    Features
  • End-to-end crypto
  • Anonymity
  • Products Available
    • Casino
      Casino
    • Sports
      Sports
    Sports Available
    • Overwatch
      Overwatch
    • Starcraft 2
      Starcraft 2
    • League of Legends
      League of Legends
    • +27
    5
    Features
  • End-to-end crypto
  • Anonymity
  • Products Available
    • Sports
      Sports
    • Casino
      Casino
    • Poker
      Poker
    Sports Available
    • Boxing
      Boxing
    • Football (Soccer)
      Football (Soccer)
    • Golf
      Golf
    • +43
    loader

    Top-Rated Bitcoin Betting Sites Reviews

    Now it’s time to have a look at each of the Bitcoin sports betting sites reviews ranked in the table above.

    loader

    Stake

    #1
    4.86
    Stake

    Pros

    • Excellent Reputation.

      Our research did not uncover many (or any) serious complaint about Stake.

    • Curacao License.

      Like most sites of its kind, Stake has a license in Curacao. Although that doesn’t say much about its safety, it is better than holding shady licenses, or no license at all.

    • Awesome Customer Service.

      Stake’s support is easy to contact and should solve any issue you may have quickly.

    • Awesome Promotions.

      Stake makes your experience as fun as it can be by launching new and lucrative promotions regularly.

    • High-end VIP Program.

      Even though VIP programs are standard on these sites nowadays, Stake takes its own program to the next level.

    • Excellent Gaming Experience.

      Stake’s website offers a modern design and is easy to use.

    • Outstanding Mobile Experience.

      The mobile version of Stake is well-thought out and crushes most other sites in this aspect.

    • Lightspeed Registration.

      Stake’s registration process is modern and should take less than a minute. You will only need to provide the following: Username, Password, Email address, Date of birth.

    • End-to-end Crypto.

      You can not only deposit with digital currencies but also play with the following:

      • ETH
      • XRP
      • LTC
      • +3

    Cons

    • Not Anonymous.

      You can not play anonymously on Stake.

    Cloudbet

    #2
    4.81
    Cloudbet

    Pros

    • Curacao License.

      Like most sites of its kind, Cloudbet has a license in Curacao. Although that doesn’t say much about its safety, it is better than holding shady licenses, or no license at all.

    • Good Promotions.

      Cloudbet launches interesting promotions from time to time, making the whole gaming experience better than most other sites.

    • Anonymous.

      You can play anonymously on Cloudbet.

    • Lightspeed Registration.

      Cloudbet’s registration process is modern and should take less than a minute. You will only need to provide the following: Email address, Password, Email address validation, Date of birth, Username.

    Cons

    • Poor Reputation.

      There are definitely some complaints about Cloudbet on the internet, most of them left unresolved for quite a long time.

    • Not End-to-end Crypto.

      While it is possible to deposit crypto, you can’t use it. This is because the site switches it to fiat when you play. When it is time to withdraw, the fiat is converted into crypto.

    Sportsbet.io

    #3
    4.77
    Sportsbet.io

    Pros

    • Very Good Reputation.

      We could not find more than a few legit complaints about Sportsbet.io online.

    • Curacao License.

      Like most sites of its kind, Sportsbet.io has a license in Curacao. Although that doesn’t say much about its safety, it is better than holding shady licenses, or no license at all.

    • Good Customer Service.

      Sportsbet.io’s support, although not perfect, is better than most of its competitors.

    Cons

    • Not Anonymous.

      You can not play anonymously on Sportsbet.io.

    • Not End-to-end Crypto.

      The digital currencies you deposit are converted into fiat at the time of the deposit, and vice-versa at the time of the withdrawal. You will be forced to play with fiat currencies.

    ThunderPick

    #4
    4.57
    ThunderPick

    Pros

    • Excellent Reputation.

      Our research did not uncover many (or any) serious complaint about ThunderPick.

    • Curacao License.

      Like most sites of its kind, ThunderPick has a license in Curacao. Although that doesn’t say much about its safety, it is better than holding shady licenses, or no license at all.

    • Anonymous.

      You can play anonymously on ThunderPick.

    • Excellent Gaming Experience.

      ThunderPick’s website offers a modern design and is easy to use.

    • Lightspeed Registration.

      ThunderPick’s registration process is modern and should take less than a minute. You will only need to provide the following: Email address, Password, Username, Email address validation.

    • End-to-end Crypto.

      You can not only deposit with digital currencies but also play with the following:

      • BTC
      • BCH
      • USDT
      • +3

    Cons

    Betonline

    #5
    4.54
    Betonline

    Pros

    • Very Good Reputation.

      We could not find more than a few legit complaints about Betonline online.

    • Awesome Customer Service.

      Betonline’s support is easy to contact and should solve any issue you may have quickly.

    Cons

    • Pointless VIP Program.

      Despite the effort, Betonline’s VIP benefits are inferior to those available on the best Canada Bitcoin sports betting sites.

    • Not Anonymous.

      You can not play anonymously on Betonline.

    • Not End-to-end Crypto.

      The digital currencies you deposit are converted into fiat at the time of the deposit, and vice-versa at the time of the withdrawal. You will be forced to play with fiat currencies.

    Upsides and Downsides of Using Bitcoin on Betting Sites?

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

    It is still the #1 digital asset by market cap, which was over $1 trillion at its peak.

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

    A significant number of sports betting companies are happy to accept Bitcoin due to its popularity.

    Punters may find the following benefits and drawbacks in using BTC on these online sports betting platforms:

    Pros of using Bitcoin on Betting Sites

    • BTC’s popularity means a significant number of betting sites give bonuses for using it as a payment method

    • The capacity for BTC to increase in value means even a tiny win now could yield a massive reward later

    • Punters enjoy anonymity, so no one will know you’re betting on these betting sites

    Cons of using Bitcoin on Betting Sites

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

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

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

    Why Bitcoin Betting Sites Are Great?

    Curious about Bitcoin betting websites, but still looking for reasons to take action?

    There are many reasons to get started; here are some.

    Fiat currencies have become ineffective

    Fiat currencies are boring.

    • Inflation makes their value go down continually.

    • As long as governments stay in control of fiat currencies, they retain their hold on the financial world and keep their power.

    • As for banks, they have complete control over the who, what, where, when, and why of fiat currency use.

    The time of fiat currencies has passed.

    Bitcoin is the new money in 2022.

    Fewer geographical restrictions

    There is no middleman involved in BTC exchange.

    Therefore, you don’t have to worry about payment gateways.

    You keep the traditional banking system out of the loop.

    Once you use a convenient VPN, registering an account with a Bitcoin betting site in Canada becomes easy.

    This action means you’re now free to bet even if the site normally wouldn’t accept users from your country.

    Some end-to-end Bitcoin betting sites also let you bet despite it being illegal in your location.

    Disclaimer: We do not encourage any activity that is against the law. Using sports betting websites 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.

    Keep your hobby private

    You might know that banks don’t appreciate online sports betting companies.

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

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

    Here’s the thing about Bitcoin sports betting sites, you can use them without your bank ever finding out. Therefore, your activity remains a secret.

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

    Ride the bull market

    Wagering on traditional sports betting sites with fiat currencies means you get stuck with fiat.

    With fiat currencies, you lose purchasing power every minute.

    However, if you choose to bet on Bitcoin sports betting sites, your Bitcoin balance is much more likely to go up in value.

    Financial independence

    Do you find it hard to deposit money on betting sites? We do.

    The bank froze the account of a team member for a month.

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

    What he didn’t know was that the UK applied a new regulation in April 2020.

    He even received a warning from the bank and had to promise not to make any more deposits or withdrawals on sports betting websites anymore.

    With Bitcoin, you will not need to beg your banker ever again.

    Modern Betting Sites

    Many online sports betting platforms accept BTC. The trouble is, most of them offer fairly poor services.

    These sites seem locked in a time warp with payouts taking days, poor customer service, and many other issues.

    In contrast, the best Bitcoin betting sites are designed for a modern audience with up-to-date technology.

    The result is a growing number of safer Bitcoin betting sites that you can trust, which offer better customer support, faster payments, along with bonuses and promotions worth something.

    Instant, limitless payments

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

    That’s why, on these sports betting sites, your deposit and withdrawal amounts are very limited, with slow transactions.

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

    This means you could receive immediate payments and limits you can live with.

    We have found a few top Bitcoin betting sites in Canada that have NO limits on deposits and withdrawals, and you get your money almost instantly. You never get this kind of service from a traditional betting website.

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

    How to Begin Betting with Bitcoin

    You have probably heard a great deal about using crypto on sports betting websites, including its pros and cons.

    However, you’re also likely to discover relatively few resources outlining how to start using it.

    This is why we’ve created a brief guide explaining the steps you need to take when opening a Bitcoin betting site in Canada and using a crypto asset.

    Please take into account the following facts before proceeding:

    • The majority of sites only allow the use of a small fraction of the many digital coins available

    • Apart from a handful of stable coins, the market is extremely volatile, which adds an extra level of risk

    • You can’t reverse a cryptocurrency transaction, so a slight error could result in the loss of your entire balance

    #1 Choose a Bitcoin Betting Site from our list and register

    Our review team spent significant time investigating every Canada BTC betting site you see on our list.

    We do this to help you avoid losing your money to a scam site.

    After you’re happy with a specific Canada Bitcoin betting site, your next move is to register with it.

    Overall, you’ll find that the entire process takes a maximum of a few minutes.

    We are fast getting to the stage where it is faster and easier to register on a digital currency site than a standard betting site.

    Read our reviews to see if any Bitcoin betting sites stand out if you value quick registration.

    We also recommend checking our reviews for promo codes to get a bonus.

    It is common for Bitcoin betting sites in Canada to provide initial deposit bonuses to new customers and individuals who use digital currency.

    #2 Purchase crypto (optional)

    If your e-wallet is funded, it is time to deposit and benefit from a welcome bonus.

    If your wallet requires Bitcoin, head to an exchange and buy your chosen asset.

    We recommend only purchasing a highly-regarded exchange such as Kraken or Binance.

    Aside from allowing rapid Bitcoin transactions, such exchanges have no problem with you using them for betting.

    In contrast, it is essential to avoid Coinbase at all costs, despite being among the top-rated exchanges.

    Using it to deposit Bitcoin into any sports betting platform could lead to account closure.

    Consider the digital currency you’d rather bet with on a site and purchase it.

    Otherwise, you’ll pay extra fees when the site converts one crypto asset into another.

    #3 Prepare your Bitcoin

    After ensuring you have an adequate amount of Bitcoin, you’re ready to add it to your account.

    It is necessary to create a crypto ‘wallet,’ as this is where you keep your currency.

    There are a few options, and the best one depends on how you plan to spend your funds and how safe you want your money to be.

    You have a choice of using a hosted wallet or a non-custodial option, which ensures you’re in charge of its safety.

    Regardless of your decision, you can only complete the transfer via the ‘send crypto’ section.

    Non-custodial wallet

    With a non-custodial wallet, there is no third-party site to consider.

    Instead, you are entirely responsible for the digital currency’s safety.

    For example, once you gain your private key, you must keep it away from prying eyes.

    If someone else discovers your private key, they gain total access to your Bitcoin.

    Furthermore, if you lose your private key, you have little chance of ever accessing your cryptocurrency.

    On a positive note, a non-custodial wallet gives you almost limitless control over your crypto.

    This enables you to use advanced digital currency activities such as staking, lending, and using it on Canada Bitcoin betting sites.

    Opening a non-custodial wallet involves downloading an app such as MetaMask.

    Then you must take note of the private key and keep it safe.

    Hosted wallet

    If you prefer the safety blanket of a hosted wallet, you can choose a reputable exchange and create an account.

    If you lose your hosted wallet password, it doesn’t result in lost crypto because the exchange stores it for you.

    It isn’t the best option if you want to spend your crypto as you please because the third-party issues restrictions on how you use it.

    If you like the anonymity of crypto, the fact that hosted wallets might ask for identification could prove troublesome.

    They may even stop you from spending your money on Bitcoin betting sites in Canada.

    #4 Find your deposit address

    Select the digital asset you want to use in the site’s deposit section.

    There is a cryptographic code called a public key linked to your account.

    This address is unique to your account, ensuring the operator understands that the funds are coming from you.

    Copy and paste the address to your clipboard, and check it thoroughly.

    One slight inaccuracy in a transaction could mean the loss of your whole deposit.

    #5 Deposit and start Betting

    Upon returning to the exchange or your wallet, paste the address and send your cryptos.

    Now, you must wait patiently for the deposit to arrive as it could take anywhere from minutes to hours.

    Examine our reviews to discover the Bitcoin betting websites with lightning and sloth-like transaction times.

    Consider contacting the site’s customer service representatives if your account isn’t funded after six hours.

    With crypto at your disposal, go to the site, making sure you enjoy what it has to offer while wagering responsibly.

    Are Bitcoin Betting Sites Legal in Canada?

    Although the short answer is ‘yes,’ there are a few things to consider when looking to use Canada Bitcoin betting sites.

    The main obstacles relate to depositing money on sports betting sites rather than the BTC market.

    However, a recent legislative change means things are about to become a whole lot clearer.

    What are the rules surrounding Bitcoin in Canada?

    Yes, Canadian residents are free to use Bitcoin and the exchanges that allow their sale and purchase.

    Like virtually every other country, Canada doesn’t recognize Bitcoin as legal tender, yet you can use it like fiat to make online purchases.

    The Canada Revenue Agency (CRA) views digital currencies as a commodity, which means any income generated is classified as business income.

    The CRA has taxed BTC as such since 2013, and Canadian tax laws apply to digital currency transactions.

    Also, exchanges that trade BTC must register with FinTRAC, the government agency in Canada that handles financial crimes.

    As is the case in the United States, Bitcoin exchanges are classified as money services businesses, which means following anti-money-laundering rules.

    Bitcoin exchanges operating in Canada must keep certain records, report suspicious transactions, and remain compliant with other laws.

    This is possibly beneficial for Canadians looking to invest in BTC on registered exchanges.

    Is it legal to use a Betting Site in Canada?

    In general, Canadians are permitted to register with a sports betting website and deposit money.

    However, the legality of wagering on sports markets in Canada wasn’t made clear until relatively recently.

    It all boiled down to an odd rule that prevented people from single-game staking.

    According to this bizarre rule, Canadian residents could not use any single market within an individual game, although parlays were legal.

    The Canadian government moved to change the situation, and in June 2021, it passed C-218.

    Thanks to this law, you can freely bet on any single-game market.

    Every Canadian province is invited to utilize C-218 as soon as possible.

    When this happens, you can wager on any sports market you like in Canada.

    Best Exchange For Bitcoin Betting Sites In 2022

    Not all exchanges allow their clients to transfer funds to/from Bitcoin betting websites.

    You may find your account frozen and your funds confiscated if you’re caught using their website to fund your Canada Bitcoin betting site account.

    And trust us, they can find out if they want to. But how?

    The most serious exchanges use blockchain forensics software to track transactions on the blockchain.

    We quickly found out the quality of the software when we received notifications from some of these exchanges.

    So, what is the top-rated exchange if you want to get involved with Canada Bitcoin betting websites?

    In our view, Binance is the obvious answer.

    Not only is it the biggest exchange in the world; it has never had any policy against BTC betting sites, ever.

    As well as being the biggest, it is also the best exchange: it offers low fees, rapid withdrawals, excellent security, more currency pairs than other exchanges, and much more.

    Set up an account on Binance, and you’ll discover that depositing funds and betting on any reputable Bitcoin betting site is effortless.

    What Will You Find on Bitcoin Betting Sites?

    Many users of sports markets now register with Bitcoin betting sites and deposit Bitcoin.

    Now, let’s check out the impressive variety of sports and markets provided by these exciting sports betting sites.

    Sports

    Bitcoin betting websites provide as many sports markets as traditional betting platforms.

    You’ll also find that Canada BTC betting sites provide better odds for various markets than a standard betting site.

    Moreover, these sports betting sites also give you access to the hottest sports, leagues, and competitions on the planet, including:

    • Soccer: The English Premier League, LaLiga, the European Championship & the World Cup

    • Tennis: The WTP and ATP finals, not to mention the four major tournaments

    • Golf: The Open, US PGA, The Masters, and the US Open

    • Basketball: The NBA Finals and All-Star Game

    • American Football: The Super Bowl and the Rose Bowl

    • Cricket: The ICC Cricket World Cup, ICC Champions Trophy, and the T20 World Cup

    When you register with any Bitcoin betting site in Canada, you have the best seat in the house when the world’s biggest sporting tournaments take place.

    Furthermore, there are an incredible number of in-play markets that provide an opportunity for quick wins.

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

    Tournaments take place virtually every day and involve elite gamers.

    Although eSports will not feature prominently in the 2024 Olympic Games, many experts believe it is a matter of time before they get Olympic recognition.

    Initially, regular sports betting sites dominated the eSports markets, but BTC betting websites are catching up fast.

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

    There are plenty of important tournaments featuring games such as Overwatch, FIFA, and League of Legends.

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

    Canada Bitcoin betting websites are helping promote eSports, so you can expect this form of entertainment to become ever more popular.

    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.

    Although eSports will not feature prominently in the 2024 Olympic Games, many experts believe it is a matter of time before they get Olympic recognition.

    Initially, regular sports betting sites dominated the eSports markets, but Canada Bitcoin betting websites are catching up fast.

    Perhaps you can gain an edge if you look into the top performing eSports stars before risking any cash.

    The most popular eSports games include Call of Duty, DOTA 2, and Counter-Strike: Global Offensive.

    Bitcoin betting sites tend to offer markets relating to total maps for certain games, not to mention handicap options.

    Canada BTC betting sites are helping promote eSports, so you can expect this form of entertainment to become ever more popular.

    Virtual Sports

    Virtual sports are very different from their real-world counterpart because they rely on algorithms to decide the outcome.

    The high-quality graphics used are a visual treat and enhance the user experience.

    You’re spoiled for choice when it comes to the virtual sports on offer, including cycling, tennis, and greyhound racing.

    When you bet BTC on any virtual sport, what you see on the screen is the same as every other user.

    It is a mistake to compare virtual sports to eSports; the former is computer-generated; the latter involves real people.

    This means there is no historical data to fall back on when making a selection.

    You can only base your decision on the available odds or a hunch, which means winning is all about luck.

    This form of betting is becoming popular on Canada Bitcoin betting sites because it enables them to increase the volume of events available.

    A case in point is that there’s a motor race every three minutes, with American Football games starting every four minutes.

    There is no connection between virtual sports and their real equivalent, which means they are sometimes legal in countries that prohibit other forms of sports betting.

    Therefore, people who want to bet BTC on sports but can’t do so may switch to these events instead.

    How To Determine The Best Bitcoin Betting Site?

    When choosing the best Bitcoin betting website, here are some things to take into account.

    Bitcoin Betting Site reputation

    There are several things to note when looking for a high-quality BTC betting site in Canada, including reputation.

    Reputation
    Customer Service
    License(s)
    Support Quality
    Final Reputation rating
    Stake
    Stake

    Stake |

    4.86
    Bet on Stakebutton icon
    3.94
    /5
    5.00
    /5
    Curaçao
    Good
    3.94
    /5
    Cloudbet
    Cloudbet

    Cloudbet |

    4.81
    Bet on Cloudbetbutton icon
    4.10
    /5
    4.20
    /5
    Curaçao
    Standard
    4.10
    /5
    Sportsbet.io
    Sportsbet.io

    Sportsbet.io |

    4.77
    Bet on Sportsbet.iobutton icon
    3.44
    /5
    4.18
    /5
    Curaçao
    Good
    3.44
    /5
    ThunderPick
    ThunderPick

    ThunderPick |

    4.57
    Bet on ThunderPickbutton icon
    4.80
    /5
    4.30
    /5
    Curaçao
    Standard
    4.80
    /5
    Betonline
    Betonline

    Betonline |

    4.54
    Bet on Betonlinebutton icon
    4.20
    /5
    4.60
    /5
    Panama
    Good
    4.20
    /5

    BTC transactions are fast, cheap (most of the time), and there’s no central authority behind them.

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

    With no central authority, you’re unlikely to get your money back if you get ripped off.

    That’s why reputation and ethics go a long way with Bitcoin betting sites in Canada.

    Our assessment of the best Canada BTC betting sites therefore includes a particular focus on their reputation.

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

    Are you allowed to Wager on the Bitcoin Betting Site?

    Don’t make the mistake of registering and adding money before finding out that you’re not allowed to do so in your country.

    This isn’t an issue if you use legit Canada Bitcoin betting websites because most of them won’t permit you to register, let alone add funds if you come from a country where its service is prohibited.

    However, some less cautious Bitcoin betting sites will let you register your account and deposit funds until you win big (or consistently) and attempt a withdrawal.

    At this point, your account is flagged for verification. For some shameless Bitcoin betting websites, the most likely result is that your account gets frozen and your funds confiscated.

    This is why you must stick with Bitcoin betting sites that allow people from your country.

    If you decide otherwise at your own risk, make sure you bet on trustworthy and legit Bitcoin betting sites in Canada that allow for more anonymity.

    Look for good Bitcoin betting websites that return your money even if they find out you’re not allowed to bet.

    Stake is one such site.