Crypto Betting Sites in Canada [ 2025 ]

There’s a new type of betting that is beginning to take off. Crypto has gotten bigger and bigger in the last decade or so, and now it’s so big that sports bettors can use crypto to place wagers.

This is a new-age way of placing bets, one that is different from the traditional online sportsbook experience. Crypto betting is less regulated, though it is largely the same. Bettors can place bets on a variety of sports, but instead of using the usual online funds, they use cryptocurrencies such as Bitcoin or Ethereum to fund their wagers.

Bets Crypto Betting Sites in Canada

Available to Canadian players, there are several crypto-only betting sites, such as Lucky Block Casino and Bitslot, but that’s not all. Some of the traditional online sports betting companies offer crypto betting too.

Right now, there are two traditional sports betting sites available in Canada that offer crypto betting. These are Bodog and BetOnline.

Bodog – Crypto Betting Site

One of the most popular sports betting brands in Canada, Bodog, were unlikely to avoid joining the crypto betting train, and they haven’t disappointed. Players residing in Canada who wish to bet using crypto can do so at Bodog.

Bodog states that depending on your eligibility, there may be several cryptocurrencies that you can use to deposit, bet and withdraw. In fact, Bodog has assured players that crypto withdrawals will be processed with greater speed, as will deposits.

Currently, the cryptos that are accepted at Bodog include Bitcoin, Bitcoin SV, Bitcoin Cash, Litecoin, Ethereum and USD Tether.

If you’re new to crypto betting, you’ll also find a helpful crypto guide at Bodog. The guide is very detailed and explains to new users how to deposit, bet and withdraw using crypto, which is great if it’s not something that you’ve done before.

In addition to the guide, Bodog has put together a video series on crypto betting, which, again, is helpful to those bettors new to using crypto.

Visit the dedicated crypto help page, and you’ll find all the information you need to begin your crypto betting journey.

There’s also the added incentive of an extra bonus. Bettors using Bitcoin to deposit for the first time will receive an extra $300 in bonus funds.

When you register at Bodog, you get a deposit match of up to $400. This means that if you deposit $400 upon registering, you’ll receive $400 in bonus funds. Deposit in Bitcoin, and you’ll still get the standard welcome offer, but you’ll also get an extra $300.

How do you get both? All you need to do is register as a new player and make a standard deposit using one of the usual payment methods, such as a VISA or MasterCard. You’ll receive the standard bonus this way. Afterwards, make your first crypto deposit using Bitcoin, and you’ll get another deposit matched up to the value of $300.

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BetOnline – Crypto Betting Site

Another one of the widely used sportsbooks in Canada is BetOnline. One of the many reasons as to why BetOnline is so popular is that they facilitate crypto betting.

Available to Canadian players, BetOnline is known for having one of the widest selections of betting deposit methods, and they currently support deposits and withdrawals in two cryptocurrencies. These are Bitcoin and Ethereum.

BetOnline guarantees that if a player uses crypto, then their deposits and withdrawals will be lightning fast, while there are no fees attached either.

Moreover, if you use crypto at BetOnline, you’ll get extra in terms of rewards. As well as being able to take advantage of the regular deposit bonus, which entitles new players to 50% of what they deposit as a bonus, you can get a 100% first-time deposit bonus when you make your first deposit using crypto.

All you need to do is register as a new user and utilize the regular offer, then make your first crypto deposit using either Bitcoin or Ethereum, and you’ll get a 100% deposit bonus. Be sure to use the promo code CRYPTO100 when doing so.

It’s also worth noting that the crypto bonus is capped at $1000, so even if you deposit the equivalent of more than $1000 in your chosen currency, the maximum bonus you will receive is $1000.

It gets better still for crypto users at BetOnline, as they get a 35% reload bonus as well. This means that once you’ve made your first crypto bonus, you’ll get a 35% deposit bonus every time you reload using crypto.

Basically, every time you make a deposit using a cryptocurrency, you’ll get 35% of that deposit amount in bonus funds. You’ll need to make sure that you’re using the promo code CRYPTO35 when depositing.

For those new to using cryptocurrencies for betting, there is lots of helpful information on the BetOnline website. Simply visit the main page, scroll to the bottom and click on the help section.

In the help section, you will find information on how to deposit with Bitcoin, for example, as well as information on how to deposit using Ethereum.

Right now, there is a limit on how much crypto you can deposit in one go. For Bitcoin, the current limit is set to the equivalent of $3,500, while for Ethereum, it’s higher at $25,000. The minimum deposit amount in both currencies is $20.

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What exactly is Crypto betting?

Not to be confused with investing in (buying and selling) crypto, which is becoming more and more popular as we cruise through the century’s third decade, crypto betting is essentially the practice of using crypto to place sports bets online.

Traditionally, if you wanted to place a sports bet online, you’d have to open an account with a sportsbook and make a deposit in cash using something like MasterCard, Interac, Paysafecard or VISA, before using your deposited funds to make a wager.

Now, at certain sports books, often referred to as crypto betting sites, you can use cryptocurrencies to place bets. Some players prefer to do this because they’re using a decentralized currency. They like the lack of regulations, while there’s the anonymous factor too.

How does it work?

So how exactly does crypto betting work? Realistically, it’s hardly any different from regular sports betting. You’re merely using a currency to place wagers online.

The only problem is that Cryptocurrencies are quite volatile. They can rise and fall somewhat rapidly, which creates a slight issue if you’re using crypto to place bets with.

The fact that cryptos fluctuate in value relatively quickly can be viewed as both positive and negative depending on what happens. On the one hand, if you place a bet in a certain crypto and the value of that crypto happens to go up, you’ve had a great result, compounding your win. Conversely, if the value of the crypto goes down, you’ve not won as much as you thought. Worse still, you’ve won nothing at all because the value of the crypto has decreased so much.

What are Crypto betting sites?

Crypto betting sites are online gambling operators that facilitate the placing of bets using cryptocurrencies.

You can bet on a variety of sports and choose from a variety of wagers. You place your bets in your chosen crypto coin, providing it is supported by the betting provider, and if you win, you’ll be paid out in crypto too.

Depositing in crypto?

So, how do you make a deposit using crypto? Depositing using crypto works in a few different ways.

Some betting sites will allow you to deposit and withdraw using crypto. What the site then does is converts the crypto to the equivalent value in cash. The problem with this is that you’re reliant on the exchange rate of the sports betting site. Typically, sites that allow this type of crypto betting don’t offer amazing conversion rates, so you could end up with quite a bit less than you expected.

Another way is for betting sites to accept crypto and hold the crypto in your betting account. What this does is it allows you to place your bets using your chosen crypto. Basically, you deposit in crypto, you use crypto to place your bets, then if you win, you’re paid out in crypto. This is generally the preference of most crypto bettors.

Some sites that allow crypto betting have another process, one that involves converting your crypto into a currency only used by that specific bookmaker. They basically create their own token to represent your cryptocurrency for betting purposes.

Wallets for crypto betting

It’s important to have a crypto wallet. Why? Because security is key. Also, you’ll want somewhere to act as your hub for sports betting funds, and if you’re betting in crypto, then a crypto wallet is ideal.

These are some recommended wallets if you’re using crypto to fund your betting activities:

BRD Wallet

Rated as one of the best wallets in terms of security, BRD Wallet is reportedly impossible to hack or shut down, which makes it a great choice for crypto bettors. Accessing your crypto via the wallet is fast, safe and free.

Electrum Bitcoin Wallet

Lots of sports bettors using crypto use Bitcoin, and if you like the idea of that, then the Electrum Bitcoin Wallet is perfect. As one of the most popular wallets among desktop users, EBW is encrypted, so it keeps your funds safe and secure. However, it’s not the simplest to use, but after some figuring out, you’ll get there.

Metamask

Regarded as one of the best crypto wallets for online gambling, Metamask is great for sports bettors looking to bet in Ethereum. It’s safe, secure and easy to use. The only issue is that it only supports Ethereum, which means it’s not suitable for everyone. If you’re looking to bet using other cryptos, you’ll have to find another option.

Crypto betting benefits

It’s easy to question why you would use crypto to place sports bets online, and the question is valid. After all, it’s not difficult to register for a sports betting account and transfer funds using a debit or credit card.

There are, however, some benefits attached to using crypto betting sites, benefits that, to some players, are incredibly important.

Crypto betting benefits include:

• Extra security – Crypto betting sites tend to make a greater effort to protect your data and personal/financial information. This is because they use high-end technology, which may not be the case at regular sportsbooks.
• Faster payments – crypto betting sites tend to waste no time in paying out customers. If you bet in crypto and win, you can expect to receive your payout almost instantly. In contrast, many traditional sportsbooks take a few days to process withdrawals and payments.
• No deposit fees – if you’re using crypto at a betting site such as BetOnline, you won’t be paying any fees.
• Extra bonuses – Betting sites like Bodog and BetOnline will now reward crypto bettors for using cryptos like Bitcoin and Ethereum. Deposit using such currencies, and you’ll get extra in terms of bonus funds.

Crypto Betting FAQ