Established Crypto Betting Platforms in Australia
On international betting sites, you can register with minimal or no KYC at all, by simply connecting an existing crypto wallet. What’s more, even if you don’t have your coins ready, you can typically buy them straight from the site with credit cards to start wagering instantly.
Ηow Do Crypto Sports Betting Sites Work in Australia
The recent stipulations of the Australian government and the Betstop scheme only apply to locally licensed wagering providers. No payment method restrictions will be enforced when playing on legal crypto sports betting sites from abroad and you also won’t be prohibited from using the in-play feature on your favourite matches.
For these reasons, we also call these hubs betting sites not on Betstop. Their operations are supervised by regulators from other regions, for example MGA (Malta Gaming Authority) or Curaçao eGaming.
Because these licensing bodies are generally open to crypto integration and use for betting, they support at least 5-6 digital currencies like BTC, ETH and USDT. As a further incentive, many allow you to also switch your balance to a FIAT option like A$.
What Coins Are Most Commonly Used for Sports Betting
If you want to get started with crypto sports betting in Australia and you’re eager to see what options await, our next section aims to answer any pressing questions. Generally, most quality sites will feature the largest digital currencies by market cap due to their established legitimacy and enhanced network security.
Bitcoin
Bitcoin is the first decentralized cryptocurrency as it was launched in 2008 with the goal of providing a peer-to-peer electronic cash system. Nowadays, it’s the most well-known and widely accepted crypto on betting sites.
Punters prefer it for the ease of transfer, fast processing times and high security. Bitcoin sports betting sites in Australia have accessible minimum deposit limits of around 0.0001 BTC, so this is a low-roller friendly option as well. The minimum withdrawal is usually slightly higher but still manageable (roughly 0.0004 BTC).
Ethereum
Ethereum was created in 2013 and it’s the main BTC competitor and the second crypto in the world by market cap. Same as BTC, it’s also a decentralized platform based on the blockchain technology.
However, it further allows developers to build, share and use applications or smart contracts. Transactions on the ETH network are faster than BTC, but typically incur higher fees. On international betting sites, the minimum deposit is around 0.01 ETH, whilst the minimum withdrawal is 0.005 ETH.
Litecoin
In 2011, Litecoin was created from a fork of the Bitcoin blockchain, so the two cryptocurrencies are incredibly similar. In fact, Litecoin is commonly referred to as the silver to Bitcoin’s gold.
On the other hand, LTC was designed to overcome some of BTC’s shortcomings and it provides much faster transactions and smaller fees. LTC is supported by all major cryptocurrency exchanges like Coinbase and Binance. It’s also prevalent on non Betstop betting sites, boasting flexible average minimum deposits and withdrawals of 0.01 LTC.
XRP
Due to this regulatory authority’s open stance on crypto assets, you’re very likely to find XRP listed as a payment option on Curaçao bookmakers in particular.
The XRP token and the Ripple ecosystem were launched in 2011. XRP has a lower cost per coin and it’s presently used by major financial institutions. It can be exchanged for any currency or physical goods like gold. Should you opt for XRP on non AU betting hubs, you should typically expect minimum deposit limits of 0.01 XRP.
Tether & USDC
Both Tether (USDT) and USDC are stable coins. They are essentially cryptocurrencies that have a fixed value, so they’re great choices to protect yourself against volatility.
Stable coins are fixed to the value of another currency like the USD or the price of a commodity such as gold. They are used as mediums of exchange for other cryptos, but also as standalone payment options, providing speed and transparency. The minimum deposit and withdrawal on international betting sites is between 0.01 USDC/USDT.
Solana
Solana is one of the newest cryptocurrencies, released in 2020 The Solana blockchain implements a proof-of-stake mechanism to validate payments, and uses the SOL native token.
Despite its novelty, this blockchain has quite impressive stats, namely only a $0.00064 median fee and the ability to process 3,216 transactions per second. Although fewer global betting hubs open to Aussies accept it, the ones that do display attainable minimum deposit limits like 0.0005 SOL. Finally, Solana top-ups regularly qualify for sign-up bonuses.
Why Do Crypto Sports Betting Sites Stand Out
The nature of the blockchain makes crypto betting sites present themselves as attractive options for Aussies. In addition to their improved security, they’re fit for several player categories, including high rollers and people who value confidentiality above all other selection criteria.
Complete Anonymity
Crypto transactions occur on a decentralized network or blockchain, meaning that no personal information or financial data is revealed, as it is the case with traditional payment options. Instead, each user’s transaction receives a unique public ID that can be verified to check the status of incoming funds.
However, there’s no other identifying information to tie the transaction to an actual person. Furthermore, many no KYC betting sites also accept cryptocurrency payments. That means you can enjoy double the confidentiality – you can register without having to go through KYC checks, then connect your crypto wallet for deposits.
Decentralisation
A bank transfer or mobile top-up must be verified and approved by a third-party like a financial services company or institution. Conversely, cryptocurrencies and networks are not under the ownership of any company or government entity.
They function independently and each transaction is secured and included in the next block by a global network of miners. That also means crypto transfers are permissionless. Because they don’t require approval from anyone, players are solely responsible for each transfer and especially for filing out the details correctly.
One drawback of decentralization is that you can’t cancel a crypto transaction once it’s approved or get a refund in case of errors.
Minimal or No Transaction Fees
When using any payment method, you must be ready for a series of charges which can be taken by the casino for processing the transfer, or by any financial institutions involved. In general, wire transfers are the most expensive options, incurring fees of up to $16.
At the opposite end, crypto transactions are budget-friendly and generally impose very small fees. A tiny percentage of each transaction goes to the miner for securing the network and the amount differs for each blockchain. In periods of high network activity, these fees can increase, but they’re usually still small.
Instant Withdrawals
If you opt to withdraw your first winnings through any cryptocurrency, you can expect instant or super fast processing times, ranging from 10 minutes to a few hours at most. If speed is of the essence to you, we highly recommend using LTC or the BTC lightning network for crypto sports betting payments.
With conventional methods, you have to wait a lot longer to get your funds (e.g. 24-48 hours for e-wallets, up to 5 working days for bank transfers). High rollers should also consider no limit betting sites to escape additional verifications or delays, even on larger transactions.
Dedicated Crypto Offers
Crypto bookies that accept Australians often release various bonuses directly in BTC or other digital currencies. These offers usually cover multiple verticals, so you can get sports deals, loyalty rewards and even pokie offers.
Examples include welcome packages of up to 5 BTC, 100% sports & e-sports deposit bonuses, 10-15% weekly cashback for regulars, coin drops and rakeback promos. Each offer is naturally accompanied by specific T&Cs that don’t differentiate from site to site, but competitive bookmakers sometimes lower the wagering requirements, especially for loyal players and VIPs.
If you’ve decided that crypto sports betting in Australia is right for you, don’t forget to also check if A$ is supported.
Broad Collection of Sports Betting Markets
In terms of the offer diversity, crypto sites with no Betstop connections rank quite well. They give residents the chance to follow local leagues and competitions like AFL and WAFL, place large bets with no limitations and explore over 40 sports on average.
Popular ones like Aussie rules, cricket and rugby will display the broadest number of markets, ranging from 100 to 500. You can bet live on in-progress matches or before the event has started, using complex choices like 1 half total points, points handicap, team 2 total points etc. If you prefer outrights, you can try predicting the grand final winner for major competitions like SANFL or VFL.
What Are the Drawbacks of a Crypto Betting Site in Australia
Tech-savvy Aussies will certainly find crypto bookmakers appealing and appreciate the increased privacy and global infrastructure of the blockchain. That being said, they are not bulletproof alternatives for everyone, and here’s why.
Relatively Unregulated Industry
The crypto sphere in general is still a novelty, meaning that, by extension, betting and gambling with digital currencies is not as strictly regulated.
Even though decentralization is a major positive, it also means there’s less oversight into the activity of certain crypto betting Australian sites. This especially rings true if they’re built on the blockchain or aren’t licensed by any authority. Dispute resolution will also be much harder on unlicensed hubs because, if the site owners are not responsive, you will not be able to escalate the issue further to a government body.
Unpredictability
Cryptocurrencies are a very volatile asset class, especially when matched against commodities like gold and silver or other financial assets like stocks and bonds.
Some of this inherent variance tends to decrease with relatively stable cryptocurrencies that have reached a large capitalization, for example BTC and ETH, but it doesn’t go away completely. You should also note that in bull and bear markets, you can have much more dramatic swings in price. You can either double your balance or lose a large chunk of it.
Irrevocable Transactions
A pitfall of crypto sports betting is that transactions are irreversible. Should you fill out the wallet address wrong, or send funds through another network, there’s nothing you can do. Even if you insert all details correctly, once a transaction is confirmed on the blockchain, the only way to get a refund is if the recipient voluntarily sends the deposit amount back.
To avoid these situations, we advise you to send a small amount as a test first, double-check the blockchain you’re sending through (e.g. BTC only for BTC, ERC-20 for ETH) and scan the QR code instead of copying the address.
Technical Knowledge is Required
Like we touched upon previously, crypto use is prevalent with tech-savvy players in particular, because it requires an analytical mind, prior research and understanding of blockchain systems. Not all bettors will have the patience to learn from scratch and some will instead prefer the familiarity of other payment options like credit cards and e-wallets.
As a positive, many crypto betting hubs have brought their own contributions to simplify the process. For example, they have on-site crypto buy services, integrate with large exchanges like Coinbase etc.
What Crypto Sports Betting Offers Can You Get as an Aussie
Crypto betting in Australia is a very lucrative endeavour, given that top digital currencies such as BTC or ETH don’t usually get excluded from welcome bonuses, like some regular methods (e.g. Skrill and NETELLER). In most cases, there’s a separate crypto match deposit promo in store for new members, plus other great sports offers for regulars, such as:
Risk-Free Bet
Who doesn’t like guaranteed wins? Unsurprisingly, risk-free bets are among the top crypto sports betting bonuses in AU. Depending on the offer and platform, you may also find it under other names like bet builder insurance or guaranteed cashback.
However, the core logic remains the same. You must place a wager on a particular sport or, in some cases, on multiple markets and specific odds (e.g. 4 selections with combined odds of 2 or higher). Should you lose one selection or the whole ticket, depending on the T&Cs, you’ll get the amount returned as cashback or a free bet.
Welcome Deals
Many bookmakers entice you to register with a welcome sports deal, which is usually a 100% to 150% match to your deposit, up to a maximum cap of around A$500. To get it, you must make a minimum deposit, usually an attainable sum like A$20 or A$30.
Then, you’ll be asked to wager the amount at least 1x, using particular odds like 1.50. Some bet types will be excluded depending on the bonus policy, most commonly system bets, cash out bets or wagers on the virtuals section.
Enhanced Odds
This is typically a seasonal offer that’s released around important events like AFL or Euro 2024. It also serves as a great loyalty tool. In essence, the bookmaker will give you an increased payout if you place certain types of bets like single and multiple on a given market (e.g. 1×2).
These promos can boost the odds for the qualifying events by up to 10% or even 40%. Should your ticket be successful, you’ll win more than you otherwise would have, for the same level of risk taken.
Free Bets
Free bets can be adapted to a wide range of promotions. For instance, they can be included in the welcome bonus, passed out as weekly offers or be granted out as prizes in sports races. A prevalent example on non AU bookies is 3+1 free bet deals.
The idea is simple – you place three bets of a particular amount each, and get the fourth one for free. Once again, some restrictions will be present – you’ll find several wagering options excluded altogether (e.g. single and system bets). The maximum free bet amount will also be capped at a particular sum like $100.
Our Final Thoughts for Crypto Betting Sites in Australia
Crypto sports betting sites regulated abroad offer Aussies the chance to leverage the security and privacy benefits of this payment method again, without facing any limitations or legal repercussions. In an age where data theft is an understandable concern, cryptocurrency use can help safeguard your personal and digital identity.
Anonymous betting is the most important draw of these hubs, but they also provide other highlights, such as multiple sports bonuses, faster transactions and higher limits. Finally, locals can explore a plethora of markets, especially for popular sports like football and rugby, and bet live without restrictions.
Yes. Cryptocurrency wagers are 100% safe, as each transaction is manually secured on the blockchain and doesn’t require any third-party verification.
It depends. Some Australian crypto betting sites convert your deposits to a FIAT equivalent (e.g. A$, EUR) so you can’t always use digital currencies to bet directly on your favourite sports.
Regular cryptos like BTC, ETH and LTC provide pseudo-anonymous bets, because the wallet address and transaction ID still remain public. The only coins that are truly anonymous are XMR and DASH, since the transactions are 100% untraceable.
You can find welcome bonuses for traditional sports, e-sports and virtuals, free bets, accumulator boosts, enhanced odds for particular markets etc.
Absolutely. Quality non Betstop bookies have mobile-optimized platforms. In addition, all popular crypto wallets that you can connect are also compatible with smartphones (e.g. Exodus, MetaMask).
Yes, it’s entirely possible to win on crypto sports betting Australian sites, same as you would with traditional payment methods, as long as your ticket is successful.
