Betting on the NBA With Crypto

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The NBA season is now underway, and with it comes new opportunities for sports bettors. Crypto betting allows people from anywhere around the world to place wagers. Right at their favorite sportsbooks.

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As cryptocurrencies become mainstream, the financial world changes with them. Let’s take a look at how to bet on the NBA with crypto.

Can You Bet With Crypto?

If you’ve been wondering about whether you can bet with crypto, the short answer is you definitely can. Where can I bet with crypto? That might be the better question.

For starters, crypto remains a new phenomenon in the world of sports.

The NBA’s first partnership with crypto came at the start of the 2021-2022 season. Coinbase, a crypto exchange platform, is now the first official crypto sponsor of the NBA.

Major cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin are available through Coinbase. (There are also newcomers like Cardano and Solana.)

This new market might help to boost ratings for the NBA this year.

BTC remains the top cryptocurrency with a $1.1 trillion market cap, almost half of the market share. ETH comes in at second as it surges this week to new all-time highs.

The gas (transaction) fees have been high for ETH as of late. Bitcoin might be your best option if you want to bet with crypto.

Benefits of bitcoin betting include bonuses, anonymity, security, and faster transactions.

Crypto transactions might be the only way to have unlimited deposits and withdrawals. (You’ll need to be aware of how often your sportsbook permits that.)

To get started, you’ll need a BTC wallet.

Create an account on a crypto exchange, connect your BTC wallet there, and buy some bitcoin. (First, you’ll need to confirm details based on the exchange and wallet that you use.)

Then you can deposit your BTC into a sportsbook that accepts it. Scan the QR code via the sportsbook’s transactions page. And you should be ready to go.

The BTC shows up in your betting account. Make sure to pay attention to the conversion rate.

Check out Safest Betting Sites for more details on the best crypto betting sites.

How to Bet on NBA Games With Crypto

Betting on NBA games with crypto comes as one of the safest options for bettors. It’s fast, easy, and it’s a preferred method because it avoids any third-party transaction fees.

Additionally, once you store crypto in your wallet, it’s yours to keep. Nobody can take it from you.

So, these perks remain an excellent option for beginners, intermediates, or advanced players. No matter your bankroll, you can bet on NBA games with crypto.

Your crypto deposit gets converted into U.S. dollars. After that, betting on NBA games acts like any other type of sports wagering. (Point spreads, money lines, over-under totals, etc.)

Much like your BTC wallet for a deposit, that’s what you’ll need to make a withdrawal as well.

At Bovada, here are the features of a BTC withdrawal:

  • $10 minimum / no limit for maximum
  • $9,500 max. per installment (1 per 3 days)
  • Up to 24 hours per installment
  • No transaction fee

 

If you want to deposit in ETH, here’s what you’ll need:

  • Ethereum Wallet
  • QR code
  • Minimum of 0.01 ETH (approx. $45)

 

Withdrawal details for ETH:

  • $50 minimum / no limit for maximum
  • $9,500 max. per installment (1 per 3 days)
  • Up to 1 hour per installment

 

So, minimum transactions come at a higher price in USD for ETH at Bovada. But since BTC has become so popular, transactions are a bit slower. Thus, you’ll get payouts in ETH much quicker.

Either way, you’ll get your crypto withdrawal a lot faster than if it were through a traditional banking method. As long as you pay attention to the crypto markets on those days, you should be fine. (An added perk could be making a withdrawal on a day when BTC or ETH are in the green.)

Other crypto options at Bovada include Litecoin, Bitcoin SV, and Bitcoin Cash.

Now you’re ready to bet on NBA games with crypto.

Best NBA Crypto Betting Sites

As with any gambling, betting on NBA games comes as a personal preference. With the rise in popularity among cryptocurrencies, you should have plenty of options.

Bovada offers some of the best crypto bonuses.

  • 75% Bitcoin Match bonus up to $750 – Sports Bonus Code: BTCSWB750
  • Available for Bitcoin, Litecoin, Bitcoin SV, or Bitcoin Cash via Sportsbook, Racebook, or Casino
  • Roller requirements include: 5x Sports, 5x Horses, 30x Casino

 

BetUS is another great option for betting on NBA games with crypto.

  • 200% Sign-Up Crypto Bonus (150% Sports, 50% Casino) – Promo Code: JOIN200
  • Up to $2,500 on your first deposit
  • $100 minimum
  • 15x sports rollover
  • 14-day limit

 

These crypto features come with an account at MyBookie.ag:

  • 10% of credit card deposits get credited to Crypto Rewards (redeemable on your first crypto deposit)
  • No fees
  • Free bets
  • Faster payouts
  • Bigger bonuses
  • Invitations to contests and tournaments (Free $25,000 Crypto Invitational Bracket Contest)

 

And finally, these crypto benefits come with a SportsBetting account:

  • First Time 100% Crypto Bonus: 100CRYPTO
  • 35% Crypto Reload Bonus (BTC, BCH, ADA, LINK, DOGE, ETH, LTC, XRP, XLM, USDT, USD Coin): 35CRYPTO
  • 5% Bitcoin Boost on BTC deposits (Limited Time offer)

 

The same crypto perks from SportsBetting are also available at BetOnline.

Conclusion

The best NBA betting site depends on the user. An excellent betting strategy comes from using more than one sportsbook to get the most value from your wagers.

With many cryptocurrencies available, that style of online betting is easier than ever. And it might be the best way to get your payouts right after you win.

If crypto seems a little daunting at first, remember there are 82 games in an NBA season. The league consists of 30 teams.

It would help if you had plenty of opportunities to turn this season into a profitable one, especially with crypto on the rise at your fingertips.

 

Author’s Bio

Bryan Myers is a freelance writer from the U.S. In 2019, he traveled to 12 countries around the world. Currently, he’s in Puerto Rico after being away from the U.S. for three years. He’s been writing for Safest Betting Sites since August 2019, covering the 2020 U.S. Election, entertainment, crypto, online casinos, and sports betting.

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