If you’ve ever tried to deposit at an offshore sportsbook only to watch your bank block the transaction, you already know why crypto betting is taking off in Australia. Crypto betting sites are sportsbooks and casinos that accept cryptocurrency like Bitcoin, Tether, Ethereum, and others for deposits, withdrawals, and wagering. The appeal is simple: instant deposits that bypass bank blocks, withdrawals that land in minutes instead of days, exclusive crypto bonuses, and a layer of privacy traditional payment rails can’t match. For Aussie punters locked out by credit card bans and increasingly cautious banks, crypto isn’t just a novelty—it’s often the most reliable way to get money on and off offshore betting sites. In this guide, we’ll compare the top crypto betting sites available to Australians in 2025, break down which coins work best for betting, explain the legal landscape, and walk you through exactly how to get started.
We’ve tested these sites with real crypto deposits, verified payout speeds, and checked their coverage of Australian sports. Each operator accepts multiple cryptocurrencies, processes withdrawals quickly, and offers competitive odds on AFL, NRL, cricket, and racing alongside global markets.
All five sites were tested in March–April 2025 with real deposits and withdrawals. Payout speed, bonus terms, and sports coverage were verified first-hand.
Below is a quick comparison of our top picks, focusing on the features that matter most to crypto bettors: supported coins, withdrawal speed, AU sports depth, and standout crypto perks.
| Site | Cryptos Accepted | Withdrawal Speed | AU Sports Coverage | Crypto Standout |
|---|---|---|---|---|
| Mafia Casino | BTC, USDT, ETH, LTC | 15–60 minutes | Excellent | Crypto-exclusive bonuses, low minimums |
| Stake | BTC, ETH, LTC, DOGE, XRP, USDT, USDC | Instant–30 minutes | Excellent | No-KYC for crypto, huge coin selection |
| Sportsbet.io | BTC, ETH, LTC, XRP, TRX, USDT | 10–30 minutes | Very Good | Optional KYC, live streaming |
| CloudBet | BTC, ETH, BCH, USDT, USDC, DOGE | 10–60 minutes | Good | High limits, Bitcoin-first design |
| BetOnline | BTC, ETH, LTC, XRP, BCH, USDT | 24–48 hours | Very Good | Crypto reload bonuses, established brand |
Editor’s Pick: For Australians prioritizing speed, coin variety, and no-hassle withdrawals, Stake edges ahead thanks to instant deposits, same-day payouts, and the widest crypto menu. If you want a crypto-exclusive bonus and lower minimums, Mafia Casino is the smarter play.
Crypto betting sites are online sportsbooks and casinos that let you deposit, wager, and withdraw using cryptocurrency instead of—or alongside—traditional fiat currencies like AUD. From a bettor’s perspective, you buy Bitcoin or Tether on an exchange, send it to the betting site’s wallet address, and your account is credited instantly. When you win, you request a withdrawal back to your crypto wallet, often landing in minutes. The experience is faster, more private, and immune to the banking friction that plagues Australian punters trying to fund offshore accounts.
Australian banks have become increasingly hostile to online gambling transactions, particularly those involving offshore operators. Credit card deposits to international betting sites are banned outright under federal law, and many banks now block debit card and bank transfer attempts as well, citing anti-money-laundering concerns or internal risk policies. For punters, this means declined deposits, frozen accounts, and the hassle of explaining to your bank why you’re trying to bet on the NBA. Crypto sidesteps the entire banking system—your transaction goes peer-to-peer on a blockchain, so there’s no bank in the middle to block it. It’s the most reliable deposit method for Australians using offshore sportsbooks.
Traditional banking rails are slow. A bank transfer to an offshore sportsbook can take 3–7 business days to clear; withdrawals often take just as long, sometimes longer if the operator batches payouts weekly. Crypto flips that script. Bitcoin deposits typically confirm within 10–30 minutes; faster blockchains like Litecoin, XRP, or Solana can land in under five minutes. Withdrawals are even more impressive—most crypto betting sites process payouts within an hour, and many are instant once approved. For punters who want to move winnings quickly or top up mid-session, crypto is the only payment method that keeps pace.
One common objection to crypto betting is volatility: Bitcoin’s price can swing 5% in a day, which means your bankroll’s buying power can shift before you’ve even placed a bet. Stablecoins solve this. Tether (USDT) and USD Coin (USDC) are cryptocurrencies pegged 1:1 to the US dollar, so $100 USDT today is worth $100 USDT tomorrow. Most top crypto betting sites now accept stablecoins, letting you enjoy all the speed and privacy benefits of crypto without the price risk. For Aussie punters who just want a fast, bank-block-proof deposit method—not a speculative asset—stablecoins are the sweet spot.
Crypto deposits often unlock exclusive bonuses that aren’t available to fiat players. Because crypto transactions cost the operator less to process (no payment processor fees, no chargeback risk), many sites pass those savings on as bigger welcome offers, reload bonuses, or cashback deals for crypto users. We’ve seen crypto-exclusive bonuses 20–50% larger than their fiat equivalents, with lower wagering requirements and fewer restrictions. If you’re already comfortable using crypto, these offers can add meaningful value to your bankroll.
Crypto transactions are pseudonymous: your wallet address is visible on the blockchain, but it’s not directly tied to your name, bank account, or personal details unless you choose to link them. For punters who value privacy—whether for personal reasons or simply to avoid banks scrutinizing their gambling activity—crypto offers a level of discretion traditional payment methods can’t match. That said, most licensed betting sites still require some form of KYC (Know Your Customer) verification before you can withdraw, so crypto isn’t a magic cloak of anonymity. But it does keep your gambling transactions off your bank statement and out of your financial institution’s risk algorithms.
For Australians, crypto is often the only reliable way to access offshore sportsbooks. Domestic operators are limited by regulation and can’t offer the same breadth of markets, odds, or betting types as international sites. But offshore sportsbooks face the same banking restrictions you do—Australian payment processors won’t touch them. Crypto solves the problem on both ends: you can deposit without a bank blocking you, and the operator can accept your funds without needing a local payment partner. If you want to bet on niche sports, esports, or international racing with better odds and higher limits, crypto is your ticket in.
Pros of Crypto Betting:
Cons of Crypto Betting:
| Cryptocurrency | Transaction Speed | Typical Fees | Price Stability | Adoption at Betting Sites | Best For |
|---|---|---|---|---|---|
| Bitcoin (BTC) | 10–30 minutes | $1–$5 | Volatile | Universal | Large deposits, established sites |
| Tether (USDT) | 5–15 minutes | $0.50–$2 | Stable (pegged 1:1) | Very High | Avoiding volatility, everyday betting |
| Ethereum (ETH) | 1–5 minutes | $1–$10 (variable) | Volatile | High | Fast deposits, DeFi integration |
| Litecoin (LTC) | 2–10 minutes | $0.01–$0.10 | Volatile | High | Low fees, speed |
| Solana (SOL) | <1 minute | <$0.01 | Volatile | Growing | Instant deposits, minimal fees |
| Dogecoin (DOGE) | 1–5 minutes | <$0.01 | Volatile | Moderate | Micro-betting, low fees |
| XRP | <1 minute | <$0.01 | Volatile | Moderate | Speed, very low fees |
Bottom line: For stability and speed, USDT is the best all-rounder. For universal acceptance and high limits, Bitcoin remains king. For the lowest fees and fastest deposits, Solana or XRP are hard to beat.
Yes, it’s legal for Australians to own, buy, and use cryptocurrency—including for online betting. Crypto itself isn’t regulated as gambling; it’s treated as property by the Australian Taxation Office (ATO), and you’re free to transact with it as you see fit. The Interactive Gambling Act (IGA) targets operators, not players: it’s illegal for offshore sportsbooks to actively advertise to Australians, but there’s no law preventing you from signing up and depositing. Using crypto doesn’t change that legal position—it’s simply a payment method.
That said, two things to keep in mind: first, gambling winnings are generally not taxable in Australia if you’re a recreational punter, but if you’re a professional gambler or trader, the ATO may take a different view. Second, if you’re buying and selling crypto frequently, you may trigger capital gains tax (CGT) events—consult a tax professional if you’re unsure. The short version: crypto betting is legal for Aussies, but you’re still responsible for any tax obligations that arise from your crypto activity.
Finally, always choose reputable operators. Just because a site accepts crypto doesn’t mean it’s trustworthy. Stick to established brands with solid reputations, verified payout histories, and responsive customer support. The sites we’ve listed in this guide meet those standards.
Depositing and withdrawing with crypto is straightforward once you’ve done it once. You’ll need a crypto wallet (more on that below), some crypto purchased from an exchange, and the betting site’s deposit address. Copy the address, paste it into your wallet’s send function, enter the amount, and confirm. Most sites credit your account after 1–3 blockchain confirmations, which typically takes 5–30 minutes depending on the coin. Withdrawals work in reverse: request a payout, provide your wallet address, and the site sends the funds. Processing times vary by operator, but most crypto-friendly sportsbooks aim for same-day payouts.
| Factor | Details |
|---|---|
| Popular Cryptos | BTC, USDT, ETH, LTC, XRP, DOGE, SOL, USDC |
| Deposit Speed | 1–30 minutes (depends on blockchain congestion and confirmations required) |
| Withdrawal Speed | 10 minutes–24 hours (most sites process within 1 hour) |
| Typical Fees | $0.01–$5 (network fees; some sites cover them) |
| Minimum Deposit | $10–$50 equivalent (varies by site and coin) |
| Minimum Withdrawal | $20–$100 equivalent |
| Wallet Types | Software wallets (Trust Wallet, Exodus), hardware wallets (Ledger, Trezor) |
| Stablecoin Availability | USDT and USDC widely supported |
| Bank Block Risk | None (transactions bypass traditional banking) |
Pro tip: Use stablecoins for deposits and withdrawals to avoid price swings between funding your account and cashing out. If you’re holding Bitcoin long-term, consider converting to USDT just for betting activity.
Crypto deposits often unlock better bonuses than traditional payment methods. Here’s how the most common crypto bonus types work—and why they’re worth claiming.
| Bonus Type | How It Works with Crypto | What Makes Crypto Better |
|---|---|---|
| Welcome Bonus | Deposit match (e.g., 100% up to $500) credited when you deposit BTC, USDT, or other crypto | Often higher match % or larger cap for crypto deposits |
| Reload Bonus | Weekly or monthly deposit match for existing players using crypto | Crypto-exclusive reload offers with lower wagering requirements |
| Cashback | Percentage of losses returned (e.g., 10% weekly cashback on crypto bets) | Higher cashback rates for crypto users |
| Free Bets | Risk-free bet or bonus bet credited after crypto deposit | Larger free bet amounts for crypto deposits |
| No-Deposit Bonus | Rare, but some crypto sites offer small no-deposit bonuses for wallet verification | Instant claim, no bank details required |
Terms to check: Wagering requirements (typically 5x–10x for sports bonuses), minimum odds (often 1.50+), expiry dates (7–30 days is common), and eligible bet types (some bonuses exclude parlays or live bets). Crypto bonuses tend to have friendlier terms than fiat offers, but always read the fine print before you claim.
Claim your crypto welcome bonus at Mafia Casino →
Pick a site from our top five based on your priorities: coin selection, payout speed, AU sports coverage, or bonus value. All five are tested, reputable, and crypto-friendly.
You’ll need to buy cryptocurrency from an exchange. Popular options for Australians include Swyftx (Aussie-based, easy fiat on-ramp), Coinbase (beginner-friendly, global), and Binance (widest coin selection, advanced features). Sign up, verify your identity, deposit AUD via bank transfer or card, and buy Bitcoin, Tether, or your preferred coin. For betting, we recommend starting with USDT (stable, fast, widely accepted).
You’ll need a crypto wallet to send funds to the betting site. Software wallets like Trust Wallet or Exodus are free, easy to use, and support multiple coins. Download the app, create a new wallet, and back up your recovery phrase (this is critical—if you lose it, you lose access to your funds). For larger amounts, consider a hardware wallet like Ledger or Trezor for added security.
Log in to your chosen betting site, navigate to the deposit page, and select your cryptocurrency. The site will display a wallet address (or QR code). Copy it, open your wallet app, paste the address into the send field, enter the amount, and confirm. Your deposit should arrive within 5–30 minutes. If there’s a bonus code, enter it before depositing to ensure you’re eligible.
Once your account is credited, browse the sportsbook, pick your market (AFL, NRL, racing, whatever you fancy), and place your bet. If you’re new to crypto betting, start small to get comfortable with the process. Withdrawals work the same way in reverse—just provide your wallet address and request a payout.
Our rankings are based on hands-on testing and real-money deposits across multiple operators. Here’s what we evaluate:
We don’t rank sites we haven’t tested. Every operator in this guide was evaluated in March–April 2025 with real crypto deposits and withdrawals.
Crypto betting isn’t just a workaround for bank blocks—it’s a faster, more private, and often more rewarding way to bet online. For Australians locked out by credit card bans and increasingly cautious banks, cryptocurrency offers instant deposits, same-day withdrawals, and access to offshore sportsbooks with better odds and deeper markets. Stablecoins like USDT eliminate volatility risk, and crypto-exclusive bonuses can add serious value to your bankroll. The learning curve is real, but once you’ve bought your first Bitcoin or Tether and made your first deposit, the process becomes second nature.
If you’re ready to try crypto betting, start with a reputable operator, use stablecoins to avoid price swings, and always gamble responsibly. The sites we’ve listed—Mafia Casino, Stake, Sportsbet.io, CloudBet, and BetOnline—are all tested, trusted, and built for Australian punters. Pick one, fund your account, and see why crypto is the future of online betting.
Claim your crypto bonus and start betting today →
Absolutely. Tether (USDT) and USD Coin (USDC) are widely accepted at crypto betting sites and are ideal for punters who want the speed and privacy of crypto without the volatility of Bitcoin or Ethereum.
Generally, no—if you’re a recreational punter, gambling winnings aren’t taxable. However, if you’re a professional gambler or frequently trade crypto, the ATO may view your activity differently. Consult a tax professional if you’re unsure.
Most licensed crypto betting sites require some form of KYC (identity verification) before you can withdraw, especially for larger amounts. A few operators (like Stake and Sportsbet.io) offer limited no-KYC options for crypto users, but expect to verify your identity eventually.
In some ways, yes: crypto transactions bypass banks, so there’s no risk of your card being declined or your account flagged. However, crypto transactions are irreversible, and wallet security is your responsibility. Use reputable sites, enable two-factor authentication, and store your recovery phrase safely.
Most crypto betting sites process withdrawals within 10 minutes to 24 hours. Top operators like Stake and Sportsbet.io often pay out in under an hour. Once approved, the funds typically land in your wallet within 5–30 minutes depending on the blockchain.
Yes. Cryptocurrency is legal to own and use in Australia, and there’s no law preventing you from using it to bet online. The Interactive Gambling Act targets operators, not players. Just be aware of any tax obligations related to crypto transactions.
Tether (USDT) is the best all-rounder for betting: it’s stable (pegged to the US dollar), fast (5–15 minute deposits), widely accepted, and low-fee. If you want universal acceptance and high limits, Bitcoin is still king. For speed and minimal fees, Solana or XRP are excellent choices.
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