Best Bitcoin Wallet for Sports Betting in 2025

Sports betting with Bitcoin offers many benefits when compared to traditional gambling operators. Perks often include anonymous accounts, instant withdrawals, and large bonuses for first-time players. However, sports bettors must ensure they have a secure and convenient cryptocurrency wallet before getting started.

Read on to explore the best Bitcoin wallets for sports betting in 2025. I rank and review reputable self-custody wallets that are ideal for crypto-centric sportsbooks.

Best Crypto Wallets for Betting Reviewed

Sports bettors should consider several factors when choosing a crypto wallet. It should offer self-custody storage at a minimum, ensuring deposits and withdrawals can be made without third-party approval.

Security controls, user-friendliness, and side features like swaps and fiat purchases should also be assessed. Read on to select the best Bitcoin wallet for sports betting – the top providers will now be reviewed in full.

1. Best Wallet – My Top Wallet Pick for Crypto Sports Betting in 2025

Look no further than Best Wallet when selecting a self-custody digital wallet for sports betting. Best Wallet is a free wallet app for iOS and Android with excellent reviews on the App Store and Google Play. It’s protected by biometrics, PIN, and two-factor authentication, and the user experience is suitable for beginners and experienced bettors alike.

Best Wallet not only supports Bitcoin but over 60 other network standards. This includes the best cryptocurrencies to buy, such as Ethereum, Solana, and BNB. Not to mention stablecoins like Tether and USD Coin. Best Wallet interacts directly with the blockchain, meaning transactions are processed instantly at the real-time network fee.

This ensures sportsbook payments are approved without delay. Best Wallet also offers instant token swaps, a great feature when betting online. For instance, you might hold Bitcoin but want to gamble with Solana to benefit from cheaper and faster transactions. Best Wallet users can also buy cryptocurrencies with fiat money, including credit cards and e-wallets.

Another reason why Best Wallet is my top pick is its commitment to anonymity. At no stage will buyers be asked for personal information or KYC documents – even when buying and selling cryptocurrencies with fiat. Best Wallet also offers one of the best crypto launchpads, allowing users to invest in pre-vetted projects before they’re added to exchanges.

Visit Best Wallet

2. Coinbase Wallet – Multi-Chain Bitcoin Wallet With a User-Friendly Browser Extension

Next on this list of Bitcoin sports betting wallets is Coinbase Wallet. This is a good option for newbies with limited experience in crypto. Coinbase Wallet is simple to set up and navigate – the interface was designed with beginners in mind. What’s more, Coinbase Wallet is available as a browser extension, making it a solid choice for those preferring a desktop experience.

Supported browsers are Google Chrome and Brave, which will be a drawback for Firefox users. Nonetheless, Coinbase Wallet is also available as a mobile app for iOS and Android. Do note that while Coinbase Wallet is backed by the Coinbase exchange, it offers self-custody storage. This means sports betting transactions don’t require approval from Coinbase.

In addition, Coinbase Wallet is a no-KYC provider, so personal information isn’t collected. Coinbase Wallet supports many network standards, ranging from Bitcoin, Ethereum, and Solana to Base, Litecoin, Dogecoin, and BNB Chain. It’s completely free to use, other than outgoing transaction fees, which go straight to the respective network validator.

3. Trust Wallet – Popular Wallet App and Extension With Over 140 Million Users

Trust Wallet is also one of the best Bitcoin wallets for sports betting. Launched in 2017, Trust Wallet is used by over 140 million people globally. It offers a fee-free experience on desktops and mobiles. Supported operating systems include Google Chrome, iOS, and Android. Trust Wallet is a decentralized wallet with self-custody storage, ensuring privacy and safety.

When using the app, the wallet is protected with a PIN or biometrics, and the browser extension is secured with a password. Private keys are encrypted onto the respective device and easily managed via a 12-word backup passphrase. Trust Wallet also sends alerts if it suspects the wallet is making a suspicious transaction, although this isn’t 100% infallible.

Nevertheless, another key benefit is that Trust Wallet supports over 100 blockchains, making it a great choice for diversified portfolios. In addition to Bitcoin, this includes Ethereum, Base, Solana, BNB Chain, Dogecoin, Litecoin, and XRP. Trust Wallet also seamlessly connects with Web 3.0 gambling dApps, including casinos and sportsbooks. This is achieved via WalletConnect.

4. Exodus – User-Friendly Crypto Wallet Supporting iOS, Android, Mac, and Windows

Exodus is an established wallet provider offering self-custody storage and encrypted private keys. It has developed native software for multiple devices and operating systems. This includes Mac and Windows for those preferring a desktop experience. And iOS and Android for sports bettors favoring mobile gambling There’s also a browser extension for Google Chrome.

I also like that Exodus is compatible with Trezor, one of the best hardware wallets. This means the Exodus interface can be used when connecting to Bitcoin sportsbooks, while approval must be for crypto transactions made on the Trezor device itself. As such, this offers the perfect balance between convenience and security. Supported blockchains are another plus point for Exodus users.

It’s compatible with millions of digital assets across dozens of network standards, including Bitcoin, Ethereum, Cosmos, Cardano, Solana, and BNB Chain. As one of the best crypto wallets for sports betting, Exodus is free to use. No markups are added to outgoing transfers, ensuring a cost-effective experience when making gambling deposits.

5. Electrum – Open-Source and Secure Desktop Bitcoin Wallet Trusted Since 2011

The final option to consider is Electrum, one of the original desktop wallets for the Bitcoin ecosystem. Launched in 2011, Electrum offers a no-thrills wallet for Mac, Windows, and Linux. While its bare-bones interface might be a turn-off for some, Electrum favors security, privacy, and reliability above anything else.

For a start, Electrum runs decentralized servers, ensuring 100% uptime and no third-party interference. Transactions are released immediately and the private keys are encrypted onto the desktop computer. Another feature is multisig security. This requires approval from multiple devices when transferring funds.

Therefore, wallet hacks will be unsuccessful unless the perpetrator has access to all devices. Electrum is also an open-source wallet, so the underlying code has been scrutinized by the blockchain community. However, do note that Electrum only supports Bitcoin, so won’t be suitable when gambling Ethereum, Solana, and other popular altcoins.

Why do You Need a Crypto Wallet for Online Betting?

Let’s take a closer look at why crypto wallets are required when wagering Bitcoin on sports.

Adding Funds to a Crypto Sports Betting Account

Crypto sports betting sites require players to make a deposit. This isn’t possible unless you’ve got a suitable wallet. In simple terms, the sportsbook provides a wallet address, which is unique to the bettor’s account. The bettor copies the address and pastes it into their wallet interface.

The cryptocurrencies are transferred to the pasted address. In most cases, the crypto sportsbook will credit the deposit automatically. This happens after a minimum number of blockchain confirmations, which is usually 10 minutes for Bitcoin. And less than 60 seconds for altcoins like Ethereum, BNB, and Solana.

Importantly, the transfer is posted to the blockchain ledger when it leaves the bettor’s wallet. This ensures transparency and provides evidence the funds were sent. What’s more, the best Bitcoin wallets for sports betting never add markups to outgoing transfers, so you only pay the real-time network charged by the blockchain.

Withdrawing Winnings From a Crypto Sports Betting Account

Wallets are also needed when withdrawing funds from a crypto sports betting account. The good news is that many crypto sportsbooks offer instant payouts. This means the withdrawal request is processed automatically. In contrast, bettors often need to wait several days when using a traditional online sports betting site.

Nonetheless, when requesting a crypto payout, the bettor must provide their wallet address. This is obtained from within the bettor’s wallet, so it’s just a case of copying and pasting the data. The cryptocurrencies are then transferred, appearing in the wallet a few minutes later.

Enhanced Privacy and Anonymity

I mentioned that the best crypto sports betting sites offer an anonymous experience. This is because players are only asked for an email address and password when registering an account. However, there are some circumstances when anonymity can be lost, especially when you’re not using a self-custody wallet.

For example, some sports bettors will purchase cryptocurrencies from a centralized exchange like Binance or Coinbase. They’ll then directly transfer those cryptocurrencies to the sports betting account. Now, most centralized exchanges have strict KYC procedures, meaning users must provide personal information and a government-issued ID.

As such, transferring cryptocurrencies from an exchange removes the bettor’s anonymity. The simple workaround is to avoid centralized exchanges and instead transfer funds from a decentralized crypto wallet. And, when using the Best Wallet app, it’s also possible to buy cryptocurrencies with fiat money anonymously.

This ensures privacy is always retained, even when using credit cards or e-wallets. Best Wallet is also one of the best cryptocurrency wallets for sports betting when cashing out. Crypto winnings can be converted to local currencies like USD and EUR without KYC verification.

Claiming Exclusive Crypto Betting Bonuses

Some sports betting sites offer exclusive bonuses when depositing cryptocurrencies as a first-time player. This is known as the welcome package. Bonuses often include an initial deposit boost and/or free spins.

For example, the bonus might offer 100 free spins when depositing at least $20 worth of cryptocurrencies. A suitable crypto wallet is needed to be eligible. Otherwise, you’ll need to deposit fiat money, meaning you can’t claim the respective welcome package.

Self-Custody Wallet Storage Ensures Control

We’ve established that the best Bitcoin wallets for sports betting offer self-custody storage. This is a major benefit when wagering cryptocurrencies online, especially when storing winnings long-term.

• For example, suppose you’ve landed a massive sports betting win, with $15,000 worth of Bitcoin being withdrawn to the wallet.
• Once approved by the crypto betting site (which is usually instant), that $15,000 worth of Bitcoin will appear in the wallet balance about 10 minutes later.
• Thereon, nobody but you can touch those funds. Not even the wallet provider can freeze balances or block future transactions.
• This is the beauty of self-custody storage.

Now, compare this to a traditional bank account. Receiving $15,000 from an online sportsbook will likely raise a red flag. The financial institution might temporarily block the incoming payment, citing “anti-money laundering” compliance. The funds might be inaccessible until you’ve provided certain documents, such as proof of source of funds.

How to Pick a Bitcoin Wallet for Betting Online

I’ve explained why wallets are a core requirement when gambling cryptocurrencies online. Next, I’ll discuss what to consider when picking the best Bitcoin wallet for betting.

Custodianship

The most important aspect is that you’re using a self-custody wallet. Only then will you truly own the cryptocurrencies being stored.

Moreover, nobody but you will control the private keys, so you can instantly transfer funds to and from the sportsbook without third-party involvement. Put otherwise, you never need to worry about transactions being declined or delayed.

Security

Not all self-custody wallets are safe, so exploring available security features is crucial. For example, Best Wallet users must enter a PIN or biometrics when accessing the app. Two-factor authentication is also available, requiring an SMS code on each login attempt.

Electrum is another example of a safe Bitcoin gambling wallet for sports betting. It offers multisig security, so outgoing transactions require approval from at least two different devices.

Anonymity

Anonymity is another important factor when exploring the best crypto wallets for sports betting. Under no circumstances should you be asked for personal information when getting started. Nor should there be requests for KYC documents, such as a passport and recently-issued bank statement.

While some self-custody wallets initially promise privacy, this isn’t always the case when using certain features. For example, Trust Wallet requires a fully-fledged KYC process when buying cryptocurrencies with a credit card. In contrast, Best Wallet offers complete anonymity when engaging with traditional payment methods.

Supported Networks

The best Bitcoin wallets for sports betting support multiple network standards. This ensures bettors can wager their preferred cryptocurrencies. For example, some prefer wagering Bitcoin while others favor Solana for its faster settlement times and lower fees.

Trust Wallet, for example, supports over 100 blockchains. This includes everything from Bitcoin and Solana to Dogecoin, XRP, and BNB Chain.

iGaming Features

Bettors should also explore whether the chosen wallet offers specific iGaming features. A good example is Best Wallet, which has partnered with some of the best Bitcoin casinos and sportsbooks.

Best Wallet users have access to exclusive bonuses that aren’t available elsewhere. This often includes free spins with enhanced wagering terms. Not to mention amplified matched deposits and access to loot boxes.

What’s more, the deposit and withdrawal process is simpler when using a partnered provider. This is because manual payments (e.g. pasting the wallet address) aren’t required. Instead, Best Wallet users simply enter the amount and confirm.

Staking Rewards

The best Bitcoin wallets for sports betting come with in-built staking tools. If you’re new to staking, the process enables users to earn passive yields on their cryptocurrencies. This is similar to traditional savings accounts but with cryptocurrencies instead of fiat money.

Crucially, there might be periods when you take a break from online gambling. Rather than leaving the crypto balance sitting idle, it’s worth depositing funds into a staking pool. This way, you’ll earn extra cryptocurrencies passively, which can be used at a later date for online sports betting.

User Reviews

One of the best metrics when choosing a crypto wallet is reviews from existing and former users. Spend some time researching reviews from trusted sources, such as Reddit and Trustpilot.

Explore Google Play and the App Store if you’re using a mobile wallet app. Look for any specific issues mentioned repeatedly, and be wary of reviews from people with a single contribution (these could be fake).

How to Get a Bitcoin Wallet for Sports Betting

Read on for a step-by-step guide on how to use Bitcoin for sports betting. This section explains the end-to-end process, from setting up a wallet to joining a Bitcoin sportsbook and making payments.

Note: I’m using the Best Wallet app for this tutorial to illustrate each step. However, the steps are similar when using other wallet providers.

Step 1: Download the Official Best Wallet App

The first step is to download the Best Wallet app. I recommend obtaining the download link from the Best Wallet website. This is because wallet imitations and phishing are a serious issue.

Downloading the wrong app means your entire wallet balance will be drained. So, visit the Best Wallet website and click the “Google Play” or “App Store” icon. This will redirect you to the official download link.

Step 2: Set up the Best Wallet App

Now open the Best Wallet app and create a new wallet. Provide an email address and type in the unique code sent by Best Wallet.

The following steps must be taken to ensure the wallet is secured:

• PIN: Choose a PIN, which is needed whenever you wish to access the Best Wallet app.
• Backup Passphrase: Write down the 12-word backup passphrase displayed on the screen. Never share this with anyone. Avoid writing the backup passphrase on a device, as it could be hacked remotely. Instead, write it down on a sheet of paper.

Your sports betting wallet is now set up. However, you might consider adding some optional security settings.

After clicking on the “Settings” icon:

• Biometrics: You can switch the PIN requirement to biometrics. This is both safer and more seamless, as access is instantly granted after providing your fingerprint ID.
• Two-Factor Authentication: This security feature adds an additional layer of security. When activated, it requires a unique code when accessing the Best Wallet app, sent via SMS to the stated phone number.

Step 3: Add Cryptocurrencies to Best Wallet

Now you need some cryptocurrencies in the Best Wallet app. This will enable you to deposit funds into the selected sports betting site.

Two options are available when adding funds to Best Wallet:

Option 1: Transfer Cryptocurrencies From Another Location

Already have cryptocurrencies stored elsewhere, such as an online exchange or another wallet? You can instantly transfer these cryptocurrencies to the Best Wallet app.

Here’s how:

• Click the crypto (e.g. Ethereum) you want to deposit via the main Best Wallet interface.
• Then click the “Receive” button. The wallet’s unique deposit address is then shown for the respective crypto.
• Copy the address and provide it to the sending location (e.g. the exchange or wallet).
• Confirm the transfer and wait a few seconds or minutes for the Best Wallet balance to update.

Option 2: Buy Cryptocurrencies Anonymously With Fiat Money

Don’t have any cryptocurrencies yet? Best Wallet allows users to safely and anonymously buy cryptocurrencies with fiat money. Popular payment methods are supported, including credit cards and e-wallets.

Here’s how:

• Click the “Trade” button within the Best Wallet interface.
• Then click on “Buy” and select the preferred currency (e.g. USD or EUR).
• Enter the purchase amount (e.g., $75) and the crypto you want to buy (e.g., Ethereum).
• Select the preferred payment method (e.g. Google Pay) and confirm.

The payment details can then be entered. Expect the purchased cryptocurrencies to show in the Best Wallet balance in a few minutes.

Step 4: Open a Crypto Sports Betting Account

To recap, you’ve set up and secured the Best Wallet app, which should be funded with cryptocurrencies. This means you’re ready to open an account with a crypto sports betting site.

We’ll show the process with CoinCasino, a trusted casino and sportsbook offering anonymous accounts and instant payouts. You can learn more in our CoinCasino review.

So, visit the CoinCasino website and click “Sign Up”. All that’s needed is an email address, username, and password.

Step 5: Transfer Cryptocurrencies From Best Wallet to the Betting Account

The next step is to transfer cryptocurrencies into the sports betting account. On CoinCasino, click the “Wallet” button followed by the crypto you wish to deposit.

In my example, I’ve selected Ethereum (as it’s faster than Bitcoin). You will now see the unique deposit address for the CoinCasino account. Copy the address and return to the Best Wallet app.

Then click the crypto you’re transferring (e.g. Ethereum) followed by “Send”. Paste the wallet address you just copied, type in the number of cryptocurrencies to send, and confirm.

The deposit should appear within seconds or minutes, depending on the network.

Step 6: Withdraw Cryptocurrencies From the Betting Account to Best Wallet

Assuming you’ve placed some sports bets and are ready to cash out, withdrawing cryptocurrencies back to the Best Wallet app couldn’t be easier.

In CoinCasino, click the “Wallet” button followed by “Withdraw.” Select the crypto you’re cashing out (e.g. Ethereum). Go back to Best Wallet and click the crypto you’re transferring, followed by “Receive.”

Copy the wallet address and paste it into the CoinCasino withdrawal form. Type in the amount to cash out and click “Request Withdrawal.” The winnings should arrive in the Best Wallet app a few minutes later.

Conclusion

Having explored the best Bitcoin wallets for sports betting, Best Wallet is my overall top pick. Best Wallet offers a private and safe experience, alongside self-custody storage for over 60 networks. This ensures bettors own and control the cryptocurrencies they wager.

Best Wallet is free to download as an iOS and Android app, and boasts excellent reviews on both stores. Best Wallet can also be used to buy cryptocurrencies with fiat money, without needing to reveal your identity. Ultimately, Best Wallet offers everything required when gambling cryptocurrencies online.

Visit Best Wallet

FAQs

References

1. What Is a Self-Custody Wallet? How Do I Take Control of My Crypto and Private Keys (BitPay)
2. The Explosion of Online Sports Betting is Taking a Toll on How People Invest (CNBC)
3. What Are Crypto Wallets and How Do They Work? (Bloomberg)