This article gives you an overview of the best Bitcoin Formula 1 betting sites in 2022.
Each site has a solid reputation and lets you deposit, withdraw, and bet in BTC.
Our guide offers the following information on BTC Formula 1 betting companies:
The advantages of choosing them
How to find the best ones around
The top-rated exchange to use on Bitcoin Formula 1 betting websites in 2022
Let’s dive in.
And the best Bitcoin Formula 1 betting sites in 2022 are Betflip.
We’re now going to check out the Bitcoin Formula 1 betting platforms reviews included in the table.
Like most sites of its kind, Betflip 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.
Betflip’s support, although not perfect, is better than most of its competitors.
Very Bad Reputation.
Betflip has a reputation for dreadful customer service, a big problem given the substantial number of complaints by users.
Betflip offers only a few promotions to keep players entertained, and these are not even very engaging.
No VIP Program.
Despite being standard on this type of sites nowadays, no VIP program is available on Betflip.
You can not play anonymously on Betflip.
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.
A group of people calling themselves Satoshi Nakamoto created the Bitcoin network in January 2009.
It remains by far the most popular digital asset and currently comprises almost half the market.
Hailed by many as the future of money, BTC’s price has increased massively in the last few years.
As the best-known digital currency, Formula 1 betting sites welcome the use of Bitcoin .
Before you try using BTC on Formula 1 betting websites, here are some pros and cons to consider.
An increasing number of Formula 1 betting platforms 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 bet without your bank or anyone else finding out
Bitcoin is plagued by high transaction fees, which have grown over time
If you use a shady Formula 1 betting website that steals your money, there is no chance of receiving a refund
The extreme volatility of Bitcoin means that the value of your winnings could decrease massively overnight
Curious about Bitcoin Formula 1 betting companies, but still looking for reasons to take action?
We’re sharing several reasons why they are worth your attention.
Fiat currencies are fast becoming yesterday’s news.
Inflation is decreasing their value every single year.
Ultimately, governments keep the current fiat system because it suits their needs.
Banks have carte blanche to determine to whom you can send them.
Fiat currencies are not the future.
In 2022, Bitcoin represents the future.
You can exchange Bitcoin without intermediaries.
Which means no payment gateways are needed.
No use for credit cards or banks either.
All you need is a reliable VPN to register an account on Bitcoin Formula 1 betting sites.
Doing so ensures you can even enjoy the action on Bitcoin Formula 1 betting sites forbidden in your country.
Certain end-to-end BTC Formula 1 betting sites will also let you bet even if you live somewhere where Formula 1 betting websites are illegal.
Disclaimer: Please note that we do not recommend or encourage illegal activity in any form. You are placing your investment at risk if you use Formula 1 betting sites that forbid users from your country. For instance, you could have your account frozen, which means you can’t access your money.
Banks are not really fans of Formula 1 betting companies.
Banks can cause problems for anyone who uses Formula 1 betting platforms. They have even turned down the mortgage applications of many individuals for that very reason.
It didn’t matter that their use of Formula 1 betting websites was nothing more than casual.
Here’s the thing about BTC Formula 1 betting sites, you can use them without your bank ever finding out. Therefore, your activity remains a secret.
As a bonus, no one else will find out either.
While you wager on a regular Formula 1 betting platform with fiat currencies, you hold … fiat.
Fiat currencies are old-fashioned and inflationary.
Instead, set up an account on Bitcoin Formula 1 betting sites, and there’s a good chance your Bitcoin balance will rise.
Have you ever struggled to deposit on Formula 1 betting websites? We have.
One of our team couldn’t access their bank account for a month.
Why, you may ask? Well, he made a first deposit with a credit card on Formula 1 betting sites.
What he didn’t know was that the UK applied a new regulation in April 2020.
It turned out he could no longer make deposits or withdrawals on Formula 1 betting sites. The bank even sent him an email warning him not to do it again.
BTC ensure that your bank never needs to get involved again.
Most traditional online Formula 1 betting websites that accept Bitcoin aren’t up to date.
These sites seem locked in a time warp with payouts taking days, poor customer service, and many other issues.
The best Bitcoin Formula 1 betting platforms, on the other hand, are designed for the modern user. Therefore, they adopt better technology and respect their audience.
The result is a growing number of safer Bitcoin Formula 1 betting sites that you can trust, which offer better customer support, faster payments, along with bonuses and promotions worth something.
Typically, Formula 1 betting websites are slow because they have to do business within the banking system and its heavy regulations.
The result is that these Formula 1 betting platforms have snail-like transactions, along with mediocre deposit and withdrawal amounts at best.
The best Formula 1 betting sites that accept Bitcoin are mainly regulated by the Curacao Gaming Authority, which means a lower level of financial regulation.
The result is speedy payments along with high deposit and withdrawal limits.
We have found a few top Bitcoin Formula 1 betting sites 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 Formula 1 betting website.
That said, it takes time for different blockchains to process your transactions, so please take note of this.
If you like high-octane drama, not many sports can rival Formula 1.
With a top speed of over 210mph (336kph), F1 cars are the quickest regulated road racing vehicles.
With 20 drivers from 10 teams in each season’s championship, only elite drivers need apply.
If you love F1, there are plenty of markets for you to consider.
The good news is that BTC Formula 1 betting companies offer similar markets to traditional Formula 1 betting platforms and often provide better odds.
The Driver’s Championship is the biggest prize and is considered by many as the greatest achievement in motorsports.
The best-performing driver takes home the Driver’s Championship.
Realistically, you can cut the field pretty quickly by only looking at the main teams’ drivers.
Picking the winning team is the next most popular market.
As you can guess, it involves backing the F1 constructor that earns the most points.
With two drivers on each team, you have to decide which constructor has the most reliable cars.
Each race has multiple markets and lots of in-play options too.
Aside from placing BTC on the race winner, you can back a driver to earn Pole Position or win the fastest lap accolade.
There are also various Driver Specials, such as a specific individual leading at the end of any lap.
You can even make a bet on the first driver to retire or the first person to make a pit stop.
This market lets you predict the number of Grand Prix wins enjoyed by an individual or a team.
With this fascinating market, you can choose one driver or team to beat the other.
Do you think Alonso will beat Ocon, or McLaren will finish ahead of Ferrari?
Many exchanges have policies against Bitcoin Formula 1 betting sites.
They will keep your money and shut down your account if they catch you using them to deposit on Bitcoin Formula 1 betting companies.
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.
And the software is very efficient, to the point that we already received notifications from a few exchanges.
So, what is the best exchange for those who want to bet on BTC Formula 1 betting sites?
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 Formula 1 betting sites, ever.
We believe it is the best exchange because of its high level of security and small fees. It also lets you withdraw quickly and offers a massive number of currency pairs.
Set up an account on Binance, and you’ll discover that depositing funds and betting on any reputable Formula 1 betting site accepting BTC is effortless.
People who enjoy sports betting are moving towards Bitcoin Formula 1 betting websites with greater frequency.
Keep reading to discover the sports and markets provided by these innovative Formula 1 betting sites.
Bitcoin Formula 1 betting websites provide as many sports markets as traditional Formula 1 betting websites.
It is also becoming apparent that the prices offered by Bitcoin Formula 1 betting sites are often superior to regular Formula 1 betting websites.
Moreover, these Formula 1 betting websites also give you access to the hottest sports, leagues, and competitions on the planet, including:
Soccer: The European Champions League and the Europa League
Tennis: Wimbledon, the French Open, and the BNP Paribas Open
Golf: The Ryder Cup and the PGA Championship
Basketball: The NBA, Euroleague, and the Olympic Games
American Football: The AFC and NFC Championships and the Super Bowl
Cricket: The Ashes, T20 World Cup, and the ICC Champions Trophy
When you register with any Bitcoin Formula 1 betting site, you have the best seat in the house when the world’s biggest sporting tournaments take place.
You also benefit from in-play markets which are fast, furious and potentially very lucrative.
The rise of the electronic sports sector is nothing short of extraordinary, and it now enjoys an audience of approximately 450 million people.
Thousands of global tournaments take place annually, featuring many of the world’s best gamers.
There is even a suggestion that eSports will eventually become part of the Olympic Games.
While traditional Formula 1 betting sites earned money from eSports, it hasn’t taken long for Bitcoin Formula 1 betting sites to follow suit.
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.
eSports markets are often very similar to other sports and may include tournament winner, over/under, and half markets.
Regardless of what you think of eSports, they aren’t going away, so it is best to embrace their presence on Bitcoin Formula 1 betting sites.
The electronic sports industry is now a billion-dollar sector that attracts an astonishingly large audience of over 450 million.
Tournaments take place virtually every day and involve elite gamers.
Such is the reputation of eSports that they will likely feature in the Olympic Games one day.
While traditional Formula 1 betting sites earned money from eSports, it hasn’t taken long for BTC Formula 1 betting websites to follow suit.
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.
Common markets on which you can stake BTC include match outcome, over/under maps and handicap lines.
Bitcoin Formula 1 betting sites are helping promote eSports, so you can expect this form of entertainment to become ever more popular.
Unlike the traditional version, virtual sports require advanced technology to create events and their results.
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.
If you want to bet on virtual sports using Bitcoin , rest assured that you see what everyone else sees.
Unlike eSports which involves humans, virtual sports are entirely computer-generated.
As a result, it is harder to win because you can’t analyze any statistical data to help you.
Earning a profit is essentially down to how lucky you are on any given day.
Bitcoin Formula 1 betting sites offer regular virtual events, so if you miss one, you don’t have to wait long to start wagering on the next.
For example, there is a cricket game every four minutes, and a greyhound race is available every minute!
There is no link between real-world and virtual sports, so you could enjoy the latter in places where regular sports wagering is forbidden.
Consequently, if your country bans you from using Bitcoin on sports, you might have the option of betting on virtual sports markets instead.
It is quite easy to find reading material on the advantages and disadvantages of using crypto on Formula 1 betting sites.
However, you’re also likely to discover relatively few resources outlining how to start using it.
We have spotted this gap and developed a quick guide on registering with a Bitcoin Formula 1 betting site and getting the best out of your digital currency.
Before we begin, please note the following:
You can only use a fairly small percentage of the huge crypto range on most sites
Barring a few exceptions, the level of volatility the market experiences is enormous and can hurt or help your investment
There is no going back when you make a transaction, so a blunder on your part could see you lose 100% of your money
Our team of reviewers spent hours analyzing each Bitcoin Formula 1 betting site on our list.
It is an important part of our process as it decreases the chances of a dodgy site stealing from you.
After you’re happy with a specific Bitcoin Formula 1 betting site, your next move is to register with it.
Most users report a straightforward process that takes a few minutes at most.
Indeed, many people claim it is quicker to register with a crypto site than traditional Formula 1 betting platforms.
Check our reviews to determine the BTC Formula 1 betting platforms that provide the smoothest registration process if that is important for you.
We also recommend checking our reviews for promo codes to get a bonus.
Most Formula 1 betting sites with Bitcoin offer generous first deposit bonuses and other gifts whenever you deposit crypto.
If there are already funds in your e-wallet, you can begin the depositing process and receive your welcome bonus.
If not, go to a reputable Bitcoin exchange and make a purchase.
Ideally, you’ll use a trustworthy exchange such as Binance or Kraken.
This is especially the case if you’re a bettor since these companies don’t mind if you use Bitcoin to bet.
Coinbase, on the other hand, is a reputable exchange but is bad for punters.
If you try to deposit BTC in your Formula 1 betting site from Coinbase, the exchange could close your account.
Please ensure you choose the cryptocurrency you wish to bet with once registered.
Or else the site will charge you a fee to convert the currency.
After ensuring you have an adequate amount of Bitcoin , you’re ready to add it to your account.
You need to set up a cryptocurrency ‘wallet,’ which is a place to keep your digital coins safe.
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.
Also called ‘self-custody,’ this particular wallet doesn’t use a third party to keep the coins safe.
Instead, you are entirely responsible for the digital currency’s safety.
You must remember your password (private key) and keep it safe.
Having the private key stolen is disastrous because, unless you memorize it, you can’t stop the thief from stealing your Bitcoin .
Furthermore, if you lose your private key, you have little chance of ever accessing your cryptocurrency.
However, a self-custody wallet does give you absolute power over your money.
You can buy, sell, send, and receive crypto, making this type of wallet ideal for use on BTC Formula 1 betting sites.
Utilize an app such as MetaMask for access to a non-custodial wallet.
Once you get your private key, store it safely for easy access.
Creating a hosted wallet is as easy as opening an account with an exchange you trust.
Since the exchange stores your password, losing it isn’t a catastrophe.
A disadvantage of this wallet is the lack of freedom you have when spending your funds.
If you like the anonymity of crypto, the fact that hosted wallets might ask for identification could prove troublesome.
Also, they may charge additional fees and prevent you from using your funds on BTC Formula 1 betting sites.
Go to the site’s deposit page and choose the crypto you want to use.
You should see a public address linked to your account at this stage.
It is a collection of random numbers and letters that only relates to your account.
After pasting the address to your clipboard, check it several times to guarantee accuracy.
One slight inaccuracy in a transaction could mean the loss of your whole deposit.
Paste the address once you’re back in your wallet and send the funds.
While crypto transactions are usually fast, patience is sometimes required when waiting for the money.
Look at our reviews to see which Formula 1 betting sites that accept Bitcoin offer fast transactions and which ones take their time.
Wait around six hours and if you can’t see the money in your account, contact customer support.
With money in your account, begin betting on the site to experience its benefits.
Here’s what you should consider when selecting the best Bitcoin Formula 1 betting site for your needs.
Punters are generally unaware of this aspect, even though this is the very first one you need to look at.
This isn’t an issue if you use legit Bitcoin Formula 1 betting platforms 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.
Sadly, some unreliable BTC Formula 1 betting sites will not stop you from registering an account and betting but will block your account when you try to withdraw your gains.
Then these Bitcoin Formula 1 betting websites decide to ask for account verification. To your horror, you’ll find that your account is suspended, and you have no access to your money.
Therefore, it is crucial only to use Bitcoin Formula 1 betting sites that are legal in your country.
If you want to proceed with Formula 1 betting websites that prohibit your country, focus on Bitcoin Formula 1 betting sites known for being honest.
Focus on good BTC Formula 1 betting sites that won’t keep your money if they discover that you’re wagering illegally.
Stake is a fine example of such Bitcoin Formula 1 betting site.
This is another crucial aspect to take into account when selecting your Bitcoin Formula 1 betting website.
BTC transactions are fast, cheap (most of the time), and there’s no central authority behind them.
However, there is no going back with Bitcoin transactions.
Since there’s no central authority involved, don’t expect to get your funds back if you get scammed.
These specifics of Bitcoin are the reason why the reputation of the Bitcoin Formula 1 betting companies you select is vital.
Our assessment of the best Bitcoin Formula 1 betting sites therefore includes a particular focus on their reputation.
To save yourself some time, have a look at our BTC Formula 1 betting site reviews to make sure you only bet on safe Bitcoin Formula 1 betting platforms.
Yet another critical aspect of Bitcoin Formula 1 betting sites is how they handle withdrawals and deposits, not to mention means of payment variety.
Some Formula 1 betting sites offer more deposit and withdrawal methods than others.
Keep your options open by selecting a site that lets you deposit or withdraw in several ways.
The Bitcoin space moves fast, and so do Bitcoin Formula 1 betting sites.
You may need your Bitcoin to trade them rapidly or participate in an event on another good Bitcoin Formula 1 betting site.
While some BTC Formula 1 betting companies process withdrawals immediately, others can take hours or even days.
The quicker the Bitcoin Formula 1 betting site processes your withdrawal, the better.
Traditional Formula 1 betting websites have important restrictions in terms of payout.
Most of them can’t pay more than the equivalent of $10,000 per month.
Such restrictions are a thing of the past when you use the top BTC Formula 1 betting sites.
Nonetheless, not all Bitcoin Formula 1 betting sites provide high withdrawal limits.
Do you want to know why? It is due to their lack of available cash.
The best Bitcoin Formula 1 betting sites are different. Stake, for instance, has no cap on withdrawals.
For big-money punters, in particular, the key is to find safe BTC Formula 1 betting websites with no limits on withdrawals.
There is a big difference between traditional Formula 1 betting sites accepting Bitcoin and Formula 1 betting sites that accept Bitcoin (end-to-end).
Traditional Formula 1 betting websites that accept Bitcoin will convert yours into fiat when you deposit.
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 Bitcoin .
This is terrible news if you think the price of Bitcoin will rise. Instead, using end-to-end Formula 1 betting sites accepting Bitcoin is a better idea.
For one thing, you can deposit or withdraw using many different digital assets on such Formula 1 betting sites that accept Bitcoin.
You also get to use Bitcoin on the site, which is vital.
With these Bitcoin Formula 1 betting websites, you get the benefits of using Bitcoin , including:
Almost instant withdrawals
Fewer payment restrictions
Yet, it is a mistake to think that the above pros are guaranteed with 100% of end-to-end Bitcoin Formula 1 betting websites.
Being end-to-end BTC only means they can provide these benefits if they want to and put the effort.
However, only the top BTC Formula 1 betting sites offer most of these benefits.
There are three aspects of ‘extras’ worth considering.
It is common for Bitcoin Formula 1 betting sites to provide newcomers with bonuses to help them get started.
These bonuses can be pretty attractive; many of them offer to double your money or more.
However, you’ll usually find that these bonuses aren’t as good as you first thought.
These bonuses have heavy strings attached.
You might have to wager at least 30 times what you deposit before withdrawing any money, for example.
Therefore, you should focus on BTC Formula 1 betting websites with valuable promotions and VIP programs. These benefits are usually far better than any welcome bonus.
Most traditional Formula 1 betting sites accepting BTC are very stingy with their promotions.
They prefer to offer attractive bonuses, which have, in fact, a lot of strings attached to them.
On the other hand, the best Bitcoin Formula 1 betting sites like to keep things fresh for punters, and unique promotions are part of this strategy.
Thanks to these promotions, you’ll probably get a lot more enjoyment from betting, and they’ll also help keep your balance topped up.
These days, all good Bitcoin Formula 1 betting sites should offer strong VIP programs with clear benefits.
This is a great way to ensure you come back for more.
Still, many of them don’t.
This is a shame because a good VIP package can greatly add to the user experience.
As a result, we urge you to look for legit Bitcoin Formula 1 betting sites with outstanding VIP rewards. The best sites will reward your loyalty.
If you have an issue with a payment or anything else, you want to rely on a well-trained customer service that speaks your language fluently.
Especially if you are new to Formula 1 betting sites with BTC.
When determining the best BTC Formula 1 betting sites in 2022, we tested and rated each site’s customer service quality so you don’t have to.
Formula 1 betting sites with Bitcoin are allowed in most countries. However, you need to check your country’s rules to know for sure.
It isn’t clear-cut because it depends on Bitcoin and Formula 1 betting platform law in each jurisdiction.
Typically, there are greater restrictions surrounding Formula 1 betting platforms than Bitcoin in the majority of locations.
Even if your country doesn’t allow it, you could still find good Bitcoin Formula 1 betting sites that let you bet.
Regulators find it hard these days because many punters use VPNs to keep their online activity a secret.
The anonymity of this means of payment rests on Bitcoin addresses (privately created by each user’s wallets) which are the only information used to define where Bitcoin are and where they are sent.
As a result, you can maintain secrecy by using a new address every time you receive payment. Another tactic is to use several wallets, each one for a different reason.
For a truly secure wallet with two confirmations from the network, the transfer can take from five minutes to an hour, depending on the BTC network.
There are numerous Blockchains involved in the transaction confirmation process, and they occasionally become overwhelmed.
In this case, you have to include a higher fee when sending funds for the transaction to be confirmed faster and not stuck in the Blockchain queue.
Withdrawing Bitcoin is much the same as depositing them, but in most cases, BTC Formula 1 betting sites also have to certify the task manually.
Some operators take up to a few days to validate your request, whereas other sites skip this validation step, making withdrawals as fast as deposits.
Bitcoin Cash (BCH)
Binance Coin (BNB)
American Football (NFL)
Football (Premier League, La Liga)
Tennis (Roland Garros)