This guide features the best crypto Formula 1 betting sites in 2022.
If you want to deposit, withdraw, or wager using crypto, all of these highly regarded sites can help you.
This article looks at the following aspects of crypto Formula 1 betting sites:
How to choose them
The best exchanges that don’t prohibit the use of their services for wagering in 2022
It’s go time!
And the best crypto Formula 1 betting sites in 2022 are Betflip.
We’re now going to check out the crypto Formula 1 betting sites 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.
Are you looking to bet with cryptoassets but can’t decide if you want to go ahead?
There are countless reasons to give them a try, and here are just a few of them.
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.
Fiat currencies are not the future.
In 2022, cryptocurrency represents the future.
You can exchange cryptos without intermediaries.
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 crypto Formula 1 betting sites.
You can now start using sites that generally don’t allow users from your country.
Certain end-to-end cryptocurrency Formula 1 betting sites will also let you wager even if you live somewhere where Formula 1 betting sites are illegal.
Disclaimer: We do not encourage any activity that is against the law. Using Formula 1 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.
Banks are not really fans of Formula 1 betting sites.
As a matter of fact, there are countless stories about individuals who were denied mortgages because of their use of Formula 1 betting platforms.
The fact that they only spent small sums on these Formula 1 betting sites was irrelevant.
Here’s the thing about crypto Formula 1 betting websites, 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.
While you bet on a regular Formula 1 betting site with fiat currencies, you hold … fiat.
Fiat currencies are old-fashioned and inflationary.
When using crypto Formula 1 betting sites, the amount of cryptos you hold will probably increase in value.
If you’re anything like us, you have had issues trying to deposit money on Formula 1 betting platforms.
One of us even got his bank account frozen for an entire month.
Here’s the reason. He wanted to put money into his Formula 1 betting company account and his first deposit was with a credit card.
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 Formula 1 betting sites anymore.
With cryptocurrencies, you will not need to beg your banker ever again.
Many online Formula 1 betting websites accept cryptocurrencies. The trouble is, most of them offer fairly poor services.
Old-fashioned design, inefficient customer service, slow payouts, and much more.
The best crypto Formula 1 betting sites, on the other hand, are designed for the modern user. Therefore, they adopt better technology and respect their audience.
Ultimately, you benefit from top-notch support, a more attractive range of payments, not to mention bonuses and promotions that make you feel like a VIP in what are safer crypto Formula 1 betting websites than ever.
Financial regulations limit standard Formula 1 betting websites. This is why they are so slow and inefficient.
That’s why, on these Formula 1 betting sites, your deposit and withdrawal amounts are very limited, with slow transactions.
The best Formula 1 betting sites with crypto 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 cryptocurrency Formula 1 betting sites have NO limits on deposits and withdrawals, and you get your money instantly. This doesn’t happen with traditional Formula 1 betting websites.
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.
You will not find a ‘faster’ sport as Formula 1 cars can exceed 210mph (336kph).
Each season, 10 teams with 20 drivers compete for the Driver’s and Constructor’s Championships.
If Formula 1 is your number 1 sport, you’re possibly keen to learn more about the markets worth staking on.
The good news is that cryptocurrency Formula 1 betting sites offer similar markets to traditional Formula 1 betting companies and often provide better odds.
The grand prize is the Formula 1 Driver’s Championship.
It is awarded to the individual with the most points accumulated during the season.
Realistically, you can cut the field pretty quickly by only looking at the main teams’ drivers.
Some people believe the Constructor’s Championship is the ultimate F1 prize.
The constructor that scores the most points wins this championship.
There are two drivers on each team.
Each race has multiple markets and lots of in-play options too.
Apart from picking the race winner, other interesting markets include Podium Finish, Fastest Lap, and Fastest Qualifier.
Don’t forget the variety of Driver’s Specials, such as choosing the person most likely to lead at the end of the first lap.
If you like the tactical aspect of Formula 1, staking crypto on the first team to make a pit stop might appeal.
This market lets you predict the number of Grand Prix wins enjoyed by an individual or a team.
Pick a pair of drivers or teams and determine which one will defeat the other in a race or during the season.
Can Hamilton overcome Verstappen, or will Red Bull have the measure of Mercedes?
Most exchanges are against the use of their platform to transfer funds to/from cryptocurrency Formula 1 betting sites.
They will keep your money and shut down your account if they catch you using them to deposit on crypto Formula 1 betting companies.
Believe us; it is simple for them to get this information. Want to know how? Let’s find out.
Top-rated exchanges can track transactions on the blockchain by using blockchain forensics software.
We quickly found out the quality of the software when we received notifications from some of these exchanges.
So, what exchange should you use to deposit on cryptocurrency Formula 1 betting sites?
For our money, Binance is the right option.
It is a vast exchange, the world’s largest. But, more importantly, it doesn’t have any rules against using crypto Formula 1 betting sites.
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.
This exchange allows its clients to begin betting on cryptocurrency Formula 1 betting sites easily.
Both serious and casual punters are beginning to see the advantages of using crypto Formula 1 betting companies.
Let’s investigate the vast range of sports and markets these impressive Formula 1 betting platforms offer.
Those who register with crypto Formula 1 betting companies soon find they have as many sports markets to choose from as with a standard Formula 1 betting website.
It is also becoming apparent that the prices offered by cryptocurrency Formula 1 betting sites are often superior to regular Formula 1 betting sites.
In addition, you can get involved in practically all of the biggest sporting events in the world, such as:
Soccer: The German Bundesliga, English Premier League, and the Copa America
Tennis: The US Open and the Australian Open
Golf: The Masters and the PGA Grand Slam of Golf
Basketball: The European Championships and the NBA All-Star Game
American Football: NFL and college football action, including the Super Bowl.
Cricket: The Indian Premier League, The Hundred, and the ICC Cricket World Cup
When you register with any cryptocurrency Formula 1 betting site, you have the best seat in the house when the world’s biggest sporting tournaments take place.
Additionally, you can bet money in play for the opportunity to quickly earn a profit.
Estimates vary, but eSports now attract over 450 million viewers in what is a worldwide phenomenon.
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 Formula 1 betting websites earned money from eSports, it hasn’t taken long for crypto 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.
There’s no question that eSports are here to stay, and cryptocurrency Formula 1 betting websites continue to increase their exposure.
The electronic sports industry is now a billion-dollar sector that attracts an astonishingly large audience of over 450 million.
Thousands of global tournaments take place annually, featuring many of the world’s best gamers.
Such is the reputation of eSports that they will likely feature in the Olympic Games one day.
Initially, regular Formula 1 betting sites dominated the eSports markets, but crypto Formula 1 betting sites are catching up fast.
It is wise to familiarize yourself with eSports before you consider making wagers on them.
There are plenty of important tournaments featuring games such as Overwatch, FIFA, and League of Legends.
Crypto Formula 1 betting websites tend to offer markets relating to total maps for certain games, not to mention handicap options.
There’s no question that eSports are here to stay, and crypto Formula 1 betting websites continue to increase their exposure.
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.
If you want to bet on virtual sports using cryptocurrency, rest assured that you see what everyone else sees.
Unlike eSports which involves humans, virtual sports are entirely computer-generated.
There is no formbook to look through, nor can you determine the quality of team, individual, or animal involved.
Earning a profit is essentially down to how lucky you are on any given day.
Crypto Formula 1 betting sites know that they can offer a huge volume of virtual events for you to bet on each day.
A case in point is that there’s a motor race every three minutes, with American Football games starting every four minutes.
Since virtual sports don’t impact real-world events, they are legal in many places where traditional sports are not.
Consequently, if your country bans you from using crypto on sports, you might have the option of wagering on virtual sports markets instead.
You have probably heard a great deal about using crypto on Formula 1 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 cryptocurrency Formula 1 betting site and using a crypto asset.
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 crypto 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.
Once you’ve found a suitable crypto Formula 1 betting site, it is time to begin the registration process.
Most users report a straightforward process that takes a few minutes at most.
We are fast getting to the stage where it is faster and easier to register on a digital currency site than a standard Formula 1 betting website.
If you dislike slow registration, see what our reviews say about the process on cryptocurrency Formula 1 betting websites.
Furthermore, look for any promo codes we include to earn a bonus.
Many crypto Formula 1 betting websites reward users who deposit using a crypto asset, not to mention the standard new customer deposit bonus.
If you’ve already put cryptocurrency into your e-wallet, start depositing if you want to earn a welcome bonus.
If your wallet remains empty, use a trustworthy exchange to add crypto.
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 crypto to bet.
Unfortunately, gamblers can’t use Coinbase due to the company’s anti-betting stance.
It has a reputation for suspending the accounts of individuals known to use crypto on Formula 1 betting sites.
Also, make sure you buy the coin you want to bet with.
Failure to do so means extra digital currency conversion costs.
Once you have enough cryptocurrency available, it is time to fund your account.
It is necessary to create a crypto ‘wallet,’ as this is where you keep your currency.
Your preferred levels of safety, security, and freedom of crypto movement determine the type of wallet you should choose.
You can rely on a hosted wallet for security or take matters into your hands with a non-custodial wallet.
In either case, you must locate the ‘send crypto’ section to complete the transfer.
Also called ‘self-custody,’ this particular wallet doesn’t use a third party to keep the coins safe.
With no custodian, you are 100% responsible for the security and safety of your cryptocurrency.
You must remember your password (private key) and keep it safe.
If someone else discovers your private key, they gain total access to your crypto.
Furthermore, if you lose your private key, you have little chance of ever accessing your cryptocurrency.
On the plus side, a non-custodial wallet gives you full control over what you do with your funds.
Consequently, there are few restrictions on using it, meaning it is easy to transfer it to crypto Formula 1 betting sites.
Utilize an app such as MetaMask for access to a non-custodial wallet.
From there, you register and keep the private key you receive safe.
Creating a hosted wallet is as easy as opening an account with an exchange you trust.
A hosted wallet’s major selling point is that the exchange keeps your password stored, so losing it isn’t a big deal.
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 cryptocurrency Formula 1 betting websites.
Select the digital asset you want to use in the site’s deposit section.
You should see a public address linked to your account at this stage.
This address is unique to your account, ensuring the operator understands that the funds are coming from you.
Copy this address to your clipboard and triple-check it to make certain everything is correct.
A single mistake will prevent the transaction from occurring, and you could lose your money.
When you’re happy the address is correct, paste it into your wallet and send the crypto.
We want to point out that you could wait days or minutes for your money depending on the payment method used.
Read our reviews to find out the best and worst cryptocurrency Formula 1 betting platforms for transaction time.
Wait around six hours and if you can’t see the money in your account, contact customer support.
With crypto at your disposal, go to the site, making sure you enjoy what it has to offer while betting responsibly.
When choosing the best crypto Formula 1 betting website, here are some things to take into account.
Many people try to sign up to sites without realizing that their country doesn’t permit it.
This isn’t an issue if you use legit cryptocurrency Formula 1 betting sites 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 cryptocurrency Formula 1 betting platforms will not stop you from registering an account and betting but will block your account when you try to withdraw your gains.
Then these crypto Formula 1 betting sites 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 crypto Formula 1 betting sites that are legal in your country.
Bypassing this type of regulation will expose you and your funds, making it even more necessary to bet on trustworthy and legit crypto Formula 1 betting websites.
Good cryptocurrency Formula 1 betting sites that act fairly and will likely return your funds if they catch you.
Stake is a fine example of such crypto Formula 1 betting site.
There are several things to note when looking for a high-quality crypto Formula 1 betting platform, including reputation.
In general, crypto transactions are quick, carry low fees, and have no central authority to answer to.
However, there is no going back with cryptos transactions.
With no central authority, you’re unlikely to get your money back if you get ripped off.
These specifics of crypto are the reason why the reputation of the cryptocurrency Formula 1 betting websites you select is vital.
This is why we place such an emphasis on the reputation of the crypto Formula 1 betting platforms we review.
Check out our crypto Formula 1 betting company reviews if you’re unsure about the safe Formula 1 betting sites accepting crypto you can trust.
When considering whether cryptocurrency Formula 1 betting platforms offer good payment terms, we generally look at the following aspects.
There is a disparity in the range of deposit and withdrawal methods available on Formula 1 betting websites.
Of course, it’s generally better to have as many deposit methods as possible.
The cryptocurrency market doesn’t ‘pause,’ and top-ranked crypto Formula 1 betting sites know this.
You might require quick access to your crypto so you can transfer to a different crypto Formula 1 betting company or make a fast trade.
While some cryptocurrency Formula 1 betting sites process withdrawals immediately, others can take hours or even days.
You’ll likely want to find cryptocurrency Formula 1 betting companies that process withdrawals ASAP.
Standard Formula 1 betting sites keep maximum withdrawal limits low.
It isn’t easy to find one that lets you withdraw over $10,000 a month.
Such restrictions are a thing of the past when you use the top crypto Formula 1 betting sites.
Yet, there are crypto Formula 1 betting websites that only allow you to withdraw small sums.
Why? Because they can’t afford to pay significant amounts of money in one go.
In contrast, the best crypto Formula 1 betting sites let you withdraw as much as you want. Stake falls into this category.
Therefore, it is wise to use safe crypto Formula 1 betting sites with no withdrawal limits, especially if you wager big.
There is no question that end-to-end cryptocurrency Formula 1 betting sites are very different from standard Formula 1 betting platforms. So let’s look at each option.
Once you put your money into standard Formula 1 betting sites that happen to accept cryptos, you’ll find that it automatically becomes fiat.
The same will happen when you withdraw (if they offer crypto as a withdrawal method); they will convert your fiat back into crypto.
Not only do these transactions incur fees, but it also means you no longer hold cryptocurrency while your funds are on the site.
If you strongly believe in cryptocurrencies, it makes no sense to convert them into fiat. Therefore, you should stick with end-to-end crypto Formula 1 betting platforms.
These crypto Formula 1 betting sites generally accept a more comprehensive range of digital assets as deposit/withdrawal methods.
But most importantly, they allow you to bet with cryptos directly.
End-to-end cryptocurrency Formula 1 betting sites allow you to leverage the benefits of cryptos, including:
Higher payment limits
However, don’t assume that you automatically get these benefits from every one of these cryptocurrency Formula 1 betting sites.
An end-to-end cryptocurrency Formula 1 betting site only has the potential to do it; there is no guarantee.
However, only the top crypto Formula 1 betting companies offer most of these benefits.
It is easier to split things into three distinct categories.
Typically, cryptocurrency Formula 1 betting sites give you bonuses after registration.
These offers often make it seem as if you’re getting a good deal.
Is there a catch? Yes.
Welcome bonuses often have certain conditions.
You might have to bet at least 30 times what you deposit before withdrawing any money, for example.
To get the best out of your funds, we recommend finding cryptocurrency Formula 1 betting sites with a solid VIP program and regular promotions.
Average cryptocurrency Formula 1 betting platforms don’t go out of their way to provide great promotions.
Instead, they focus on bonuses because they know most people will never meet the requirements.
On the other hand, the best Formula 1 betting sites with crypto like to keep things fresh for punters, and unique promotions are part of this strategy.
Besides the fun they add, these promotions can help you increase your balance over time.
Good Formula 1 betting sites that accept cryptocurrency usually know the importance of VIP programs with excellent bonuses.
This is a great way to ensure you come back for more.
However, too many companies don’t bother.
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 cryptocurrency Formula 1 betting companies with outstanding VIP rewards. The best sites will reward your loyalty.
If you need help with something, things go more smoothly when you can quickly and easily chat to a trained customer service operative.
Particularly if you’ve never practiced cryptocurrency Formula 1 betting websites before.
Therefore, our reviews of the best crypto Formula 1 betting websites in 2022 include a thorough check and testing of their customer service.
Crypto Formula 1 betting websites are legal most of the time; however, the exact answer depends on your country of residence.
It isn’t clear-cut because it depends on cryptocurrencies and Formula 1 betting website law in each jurisdiction.
Although crypto is legal or tolerated in most countries, regulators are generally more severe with Formula 1 betting sites.
Yet, there are good cryptocurrency Formula 1 betting platforms that let you register even if it isn’t legal in your country.
If you have a VPN, your transactions are out of the glare of a centralized authority, which means regulators have their work cut out.
The anonymity of this means of payment rests on cryptocurrency addresses (privately created by each user’s wallets) which are the only information used to define where cryptos 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 cryptocurrency network.
There are numerous Blockchains involved in the transaction confirmation process, and they occasionally become overwhelmed.
Faster transactions are possible if you pay more. Doing so ensures your transaction skips the Blockchain queue.
The withdrawal process goes through the same procedure as when you deposit. However, the majority of crypto Formula 1 betting sites also have to authenticate the action 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)