Bitcoin Betting Sites
Gambling with Bitcoin, or cryptocurrency of any kind, is illegal in the UK and we strictly advise against it. Some bookmakers, which are not licensed by the Gambling Commission, claim to accept cryptocurrencies but it is important to stay away from these sites. You should never place a bet on a site that is not licensed by the Gambling Commission, let alone with illegal payment methods.
Cryptocurrency and E-wallets
If you are keen on using cryptocurrency funds to gamble, you can use an e-wallet such as Skrill to facilitate this. As we have already stated, it is illegal in the UK to gamble with cryptocurrency directly, but you can use Skrill to both buy and sell cryptocurrency. If you already have cryptocurrency savings, therefore, you can sell some of this (or all) and use the money to place bets online.
Of course, this is still not the same as depositing directly with cryptocurrency, but it is the only sensible workaround for the time being. E-wallets are actually very convenient to use when it comes to betting, both for fast deposits and fast withdrawals of winnings. In other words, it might not be the end of the world that cryptocurrency is illegal to gamble with.
Best Betting Sites With Convenient Payment Methods
Our Choice: Best Betting Site for Payment Methods
William Hill is without a doubt the leader on this front, as there are just so many payment methods to choose between. Not only does the site support popular e-wallets, such as Skrill and PayPal, but Instant Banking is also available. Withdrawals with the latter take just a few minutes (!), so it really doesn't get much better than William Hill.
Alternative Payment Methods to Use
Bitcoin Betting Sites FAQs
Is Bitcoin betting legal?
What is Bitcoin?
Can you use Bitcoin to gamble?
Where can I bet with Bitcoin?
Steven is an experienced iGaming content writer who has been working in the industry since 2018. He is passionate about sports betting and enjoys writing about all aspects of the industry, including bookmaker reviews, betting tips and strategies, and news and analysis.