It may have had its ups and downs in recent years but cryptocurrency is certainly here to stay, both in Malaysia and all over the world. Bringing digital currencies such as Bitcoin into the equation can make it harder to navigate the betting landscape, so we’re here with an exclusive guide to Bitcoin betting in Malaysia.

We’ll be bringing you the best online sportsbooks for betting with Bitcoin and explaining exactly why they have made our list. We will also take you through how to buy, store and transfer crypto to your betting account, explain some key terminology, and talk about the advantages of using crypto to fund your betting account.

Best Bitcoin Sportsbooks in Malaysia

  • All
  • Crypto

200% up to €25,000

200% up to €25,000

  • Deposits and payouts within 5 mins using 20+ crypto coins
  • Unlimited withdrawal limits using crypto
  • Choose from over 30 sports to bet on
9.9
5 Stars Lucky Block EN
Play Now
NO CODE REQUIRED
New members who register at Lucky Block qualify for this bonus. Bettors will need to make a minimum deposit of €20 in order to trigger the reward. Every time you wager your initial deposit amount 6x 10% of your bonus funds will be credited to your account.

Bonus 200% sehingga 10 ETH!

Bonus 200% sehingga 10 ETH!

  • Kasino Telegram No 1
  • Kasino berlesen tanpa KYC
  • Menyokong mata wang kripto yang paling penting
9.8
5 Stars TG.Casino
Play Now
NO CODE REQUIRED

200% Bonus up to 1BTC

200% Bonus up to 1BTC

  • Use WalletConnect to register instantly
  • Most sports have more than 30 live betting markets available
  • Buy crypto with bank cards, Apple Pay & more from crypto exchange on the site
9.8
5 Stars Mega Dice EN
Play Now
NO CODE REQUIRED

200% Rakeback up to $25,000 / 1 BTC + 10 free spins

200% Rakeback up to $25,000 / 1 BTC + 10 free spins

  • Lucrative welcome bonus & monthly free airdrops
  • Accepts meme coins deposits including Pepe, Dogecoin, Shiba Inu & Bonk
  • Crash, Plinko, Gates of Olympus with high RTPs & 5000+ other games
9.8
5 Stars Wsm Casino
Play Now
NO CODE REQUIRED

Four Deposit Bonuses Matched At 270-360%

Four Deposit Bonuses Matched At 270-360%

  • Multiple Existing Customer Bonuses
  • Comprehensive Sportsbook Section
  • Excellent Choice for BTC Sports Bettors
9.8
5 Stars BC Game
Play Now
NO CODE REQUIRED

200% up to $1,000

200% up to $1,000

  • Excellent sports coverage and market depth
  • Extensive choice of cryptocurrency banking options
  • 24/7 Customer Support
9.8
5 Stars Stake
Play Now
NO CODE REQUIRED

288% up to 2,888 MYR

288% up to 2,888 MYR

  • Official partner of Aston Villa F.C
  • Chance to win tickets to Aston Villa live in the UK, including flights.
  • 100% cashback up to MYR200 on your first football bet on the site
9.8
5 Stars BK8 EN
Play Now
NO CODE REQUIRED
All first-deposit members are entitled to this promotion. Transfer a minimum amount of MYR 50 into the Sports wallet to be entitled to this promotion. This offer comes with a wagering requirement of 12x.

100% up to MYR 500

100% up to MYR 500

  • Partners of Barcelona & Serie A
  • Register in under 15 seconds with one-click registration
  • Minimum deposit for Grab Pay, Shopee Pay & Touch n Go is MYR 5
9.7
5 Stars 1xBet EN
Play Now
NO CODE REQUIRED
To qualify, players must have filled in all personal details under "My Account". Once the qualifying deposit has been made, the bonus funds will be credited to your account. The maximum bonus amount that can be claimed with this offer is MYR 500. Other T&Cs apply.

100% Match, Up To €100

100% Match, Up To €100

  • Huge selection of betting markets
  • Live chat support available
  • ‘Forecasts’ guessing game
9.7
5 Stars 20Bet EN
Play Now
NO CODE REQUIRED

200% eSports Offer up to MYR 1,000

200% eSports Offer up to MYR 1,000

  • Cashout Feature Available
  • Covers a Range of eSports
  • Generous Rewards for Malaysian Bettors
9.7
5 Stars Me88 Sports Offer MY
Play Now
NO CODE REQUIRED

100% up to MYR 500

100% up to MYR 500

  • Offers a 10% unlimited deposit bonus
  • Accepts cryptocurrency & eWallets, including BTC & TouchnGo
  • Participate in a football prediction contest with a progressive prize pool
9.6
5 Stars We88 EN
Play Now
NO CODE REQUIRED
All new We88 members are entitled to redeem the 100% Sportsbook Welcome Bonus of up to MYR500. This promotion is only valid for all Sports and Esports. All members must meet the necessary wagering requirements of 12x before any withdrawal can be made.

100% up to MYR 300

100% up to MYR 300

  • 20% daily reload bonus up to MYR 300 available
  • Pay day deposit bonus every month between the 25th-5th
  • Accepts Grab Pay, TouchnGo, Bitcoin, & 10+ other popular methods
9.6
5 Stars UEA8 EN
Play Now
NO CODE REQUIRED
All new members who have not yet made a deposit qualify for this promotion. A minimum amount of MYR 30 must be transferred to the Sports Wallet. When making the deposit, select the sportsbook promo code from the drop-down menu. Other T&Cs apply.

Our Top 10 Bitcoin Sports Betting Sites

Before we bring you a more in-depth rundown of our top 10 sites, here’s a handy list of which ones made the cut.

  1. Lucky Block – Top Cryptocurrency Sportsbook
  2. BC.game – Industry-Leading Welcome Bonus
  3. Stake – Excellent Range of Existing Customer Offers Across Multiple Sports
  4. BK8 – Southeast Asia Betting Giant
  5. 1xBet – Great Range of Crypto Deposit Options
  6. 20Bet – Best Betting Site for Statistics & Analytics
  7. me88 – Three Sportsbooks to Choose From
  8. Plae8 – Generous Crypto Cashback Deal
  9. we88 – Excellent Live Streaming Service
  10. UEA8 – Seven Different Sports and Esports Betting Sites to Choose From

The Best BTC Betting Sites Reviewed

All of the sportsbooks listed in this guide stood out to us for a number of reasons including the fact that they offer special features, competitive odds, and a range of markets. Here we provide a little more information about what you can expect when you decide to register at these top Malaysian BTC betting sites.

1. Lucky Block – Top Cryptocurrency Sportsbook

The Malaysian population is embracing cryptocurrency in increasing numbers. The country ranked 29th in the 2022 Global Crypto Adoption Index and that position is expected to rise in the coming years.

Bitcoin, Ethereum and all the other digital currencies are not going anywhere and that fact has certainly been recognized by the betting business, with some new betting sites having been launched which are exclusively crypto-focussed. Lucky Block is one of the best examples of this new breed of betting site, due to the fact that a huge number of digital currencies can be used to fund real money bets at the site. 

Lucky Block Live Betting

Furthermore, you can buy Bitcoin directly through Lucky Block and have it directly placed in your betting account, without the need to use a cryptocurrency exchange. In addition, Lucky Block has its own unique cryptocurrency “LBlock” which can be bought through reputable exchanges such as CEX and MEXC. You can then use it not only to place bets at Lucky Block but to enter exclusive competitions and Daily Jackpot Draws.

The site also has a generous 200% welcome bonus that could net new players up to $10,000, which is the equivalent of around 50,000 MYR, in addition to 50 guaranteed free spins on the “Wanted Dead or a Wild” slots game. Existing customers can also enjoy a reload bonus every Monday for some free Bitcoin sports betting.

Welcome Bonus Min Deposit Live Betting Live Streaming Accepted Crypto
200% bonus up to $10,000 $20 LBlock, BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More

What We Like:

  • The Lucky Block welcome deal could lead to a huge bonus
  • Multiview live betting feature
  • 40% reload bonus every Monday up to €200 (around 980 MYR)
  • Use LBlock crypto to qualify for exclusive promotions
  • Wide range of sports and markets

What We Don’t:

  • Very few existing customer offers

2. BC.game – Industry-Leading Welcome Bonus

Another Cryptocurrency betting specialist is BC.game, which offers a great range of digital currencies as deposit options, with bettors also being able to buy crypto through BC.game itself.  In addition to being one of the best bitcoin sports betting sites, BC.game also has its own in-house Cryptocurrency, called BCD, which is equivalent to one dollar. And what that means is all deposits, cashback and other bonuses can be paid using this method.

And speaking of bonuses, one of the things that impressed us most about BC.game was the fact that new customers can look forward to boosts on their first four deposits that could total up to $20,000!

BC.game Malaysia Home

Furthermore, there are cashback and reload bonuses for existing customers as well as a VIP Club, with the extra bonus that betting on sports at BC.game will earn you twice the number of points needed to increase your VIP level. Football betting fans can enjoy a wide range of matches and markets, including Bet Builder, Player Props and even price boosts.

BC.game is also one of the most socially-focussed betting sites we have come across, with an on-site message board, forums, a betting blog, as well as Discord, Facebook, GitHub, Twitter and Telegram accounts.

Welcome Bonus Min Deposit Live Betting Live Streaming Accepted Crypto
Deposit bonuses across the first four deposits up to $20,000 $30 BCD, BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC

What We Like:

  • Bonuses on a new customer’s first four deposits
  • Cashback Bitcoin sports betting bonus
  • Win prizes when you bet on IPL cricket
  • Football player prop bets and combination markets
  • Excellent social media presence

What We Don’t:

  • Basic site design

3. Stake – Excellent Range of Existing Customer Offers Across Multiple Sports

Stake is a fairly recent addition to the Malaysian betting landscape, having launched in 2017. However, in a very short space of time, they have established sponsorship deals with a huge number of teams and individuals from a wide range of sports. 

These include Premier League football team Everton, UFC star Israel Adesanya, the Alfa Romeo F1 team and Argentinian footballing legend Sergio Aguero. Furthermore, one of the biggest music stars in the world, Drake, is also a Brand Ambassador.

High-profile partnerships such as these ones have undoubtedly raised Stake’s profile enormously, but the question is whether the thousands of new customers attracted to the site every month will find a betting site worth their time and money.

Stake Crypto Blog

The answer is a resounding “Yes” as Stake is a fantastic addition to the Malaysian sports betting scene, with a huge range of sports to wager on, an enormous number of special offers and special features such as Bet Builder across a variety of sports.

When it comes to sports betting promotions in particular, there is a huge number to choose from across a variety of sports including football, UFC, all of the major American sports such as the NBA and MLB, F1, tennis and boxing. 

Fans of crypto betting sites will be delighted to see an extensive range of Bitcoin-related content on the Stake betting blog, along with a number of other Crypto-related articles. There are lots of cryptocurrency deposit options and you can even buy digital currency through the site itself, thanks to Stake’s partnership with cryptocurrency marketplace Moonpay.

Welcome Bonus Min Deposit Live Betting Live Streaming Accepted Crypto
200% up to $1,000 $1 BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More

What We Like:

  • Betting blog with sports articles and an extensive cryptocurrency section
  • Bet Builder and Player Props across multiple sports
  • $75,000 prize fund to be shared out every week
  • Brilliant selection of football offers
  • VIP Club

What We Don’t:

  • Can be overwhelming for new BTC users

4. BK8 – Southeast Asia Betting Giant 

BK8 is one of the most well-known and trusted betting brands in Southeast Asia and is also deserving of a place in our top 10 thanks to the fact they have a specific cryptocurrency deposit bonus of up to 888 MYR every week. Furthermore, BTC sports betting deposits of at least 200 MYR will unlock a crypto prize draw entry with cash prizes on offer. BK8 also has a good range of reload and rebate offers that reward bettors for depositing and placing bets, in addition to an app-exclusive deal and a generous new customer bonus. 

BK8 Malaysia Home Page

There are three sportsbooks available within the main BK8 site and no matter which betting site you pick, finding the wager you wish to place is easy, thanks to the user-friendly design found throughout BK8.  Punters can pick from a wide range of sports and Esports and for many events, there is also a great range of statistics to help you place some winning wagers.

Welcome Bonus Min Deposit Live Betting Live Streaming Accepted Crypto
100% up to $100 $50 BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More

What We Like:

  • Malay and Chinese language versions
  • Bonuses for downloading and using the BK8 app
  • Weekly betting streak bonus
  • 0.2% unlimited cash rebate every day
  • Weekly rescue bonus

What We Don’t:

  •  No Bet Builder or Player Props

5. 1xBet – Superb Esports Betting Offering

Malaysian football fans may already be aware of 1xBet’s commercial partnerships with global football giants Barcelona and Paris Saint- Germain. And they are also making an impact in the gaming business, joining up with some of the biggest names in Esports such as ESL and MIBR. And the growing number of Esports fans in Malaysia will also be pleased to see that the Esports offering at 1xBet is one of the best there is.

The site has its own Esports Zone with over 400 games to bet on across more than 40 different Esports, from the most popular games such as CS:GO and League of Legends to less popular, but still widely played titles such as Rocket League and Hyper Brawl.

1xBet Malaysia Esports

1xBet is also jam-packed with special offers and features. There’s a generous welcome bonus up for grabs, multiple reload deals each week, daily Esports cashback, Betting Insurance and even a Losing Streak Bonus.

The 1xBet live betting service across both sports and Esports is also superb, with live streaming across a variety of sports, lots of in-play markets to choose from and a Multi-View feature where you can keep track of up to four events on screen at the same time. There were also 42 cryptocurrency deposit options at the time of writing, which should cover any eventuality when it comes to fans of Bitcoin sports betting and crypto in general.

Welcome Bonus Min Deposit Live Betting Live Streaming Accepted Crypto
100% bonus up to 500 MYR MYR 10 BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More

What We Like:

  • Excellent range of cryptocurrency deposit options
  • Superb Esports betting service including a massive range of sports, special offers and live streaming
  • Multiple reload deals
  • Telegram betting
  • Cashback offers

What We Don’t:

  •  The amount of content on the site might be overwhelming for newer bettors.

6. 20Bet – Best Betting Site for Statistics & Analytics

From a visual perspective, 20Bet is certainly one of our favorite sports betting sites in Malaysia. The site design is bright and simple with enough graphics to make it visually interesting, without feeling like there’s too much going on. Site navigation is also easy, with the pre-match or live markets you wish to find just a few clicks away.

In addition, thanks to their link with the established statistics site Sports Radar, the sporting facts and figures you can find on 20Bet are also excellent. And there is a really useful analytics button attached to certain games across multiple sports, that you can click, which will bring up stats relating to the specific game you are looking at. And below each piece of information, there is a bet relating to it.

20Bet Analytics Malaysia

So, for example, if there is a statistic saying that Real Madrid has scored at least two goals in seven of their previous 10 games, then you might be given the option to bet on them to score more than 1.5 goals in their next match.

There are also multiple deposit bonuses available at 20Bet, including a 100% first deposit match, 50% second deposit bonus and a 100% Saturday reload deal. There is also an 0ffer where bettors on certain sports can enjoy boosted winnings from successful combo bets.

Welcome Bonus Min Deposit Live Betting Live Streaming Accepted Crypto
100% bonus up to €100 €10 BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More

What We Like:

  • Odds boost for combo bets
  • Superb range of statistics & analytics across multiple sports
  • Telegram betting
  • Multiple reload deals
  • Cashback offers

What We Don’t:

  •  Underwhelming welcome offer

7. me88 – Three Sportsbooks to Choose From

When it comes to hard-hitting brand ambassadors you can’t do much better than UFC legend Conor McGregor, who has partnered with me88 to represent the brand in Southeast Asia. And to celebrate their new association, me88 has introduced an eye-catching 200% welcome bonus, which could earn you 1,000 MYR over your first three deposits.

And new customers are sure to be impressed by the fact that there are three sportsbooks to choose from within the main me88 site, including one of the most trusted sports betting sites in the region, CMD368. And more choice means more sporting markets and the opportunity to look for the very best prices!

me88 Malay

When it comes to new and existing customer bonuses, the selection is as strong as a McGregor spinning back kick, with two welcome deals to choose from, a daily reload bonus and an unlimited cash rebate of between 0.3% and 0.8%, depending on your VIP level.

And speaking of the me88 VIP Club, it is one of the best we have encountered, particularly when it comes to the deposit amounts needed to unlock the higher levels, which are certainly high but lower than those found at many of me88’s rival sites. Furthermore, the rebates and cash bonuses unlocked by even the lowest level of the VIP Club compare favourably to those found at many other sites.

Welcome Bonus Min Deposit Live Betting Live Streaming Accepted Crypto
200% bonus on the first three deposits up to 1,000 MYR MYR 50 BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More

What We Like:

  • Malay and Chinese language versions
  • Three sportsbooks to choose from within the main site
  • Weekly rescue bonus
  • Sports & Esports welcome bonuses to choose from
  • App loyalty rewards

What We Don’t:

  •  The basic layout of the sites within the main me88 sportsbook.

8. Plae8 – Crypto Cashback Deal

Bitcoin sports betting fans will be pleased to see a specific crypto cashback deal at Plae8, where punters are rewarded for depositing at least 100 MYR in BTC, ETH or USDT each week with 1% cashback up to 888 MYR.

What also impressed us about Plae8 was the generous number of bonuses on offer that you can qualify for by making sports bets. The most eye-catching deal is Plae8’s cash rebate, where you can earn between 0.4% and 1% of your betting outlay back every day. There’s also an unlimited 10% daily reload bonus.

Play8 Malaysia

In addition, there are two weekly bonuses that cannot be used together but either of them could prove to be lucrative. The first is a weekly rescue bonus of between 188 MYR & 238 MYR which is available to bettors who have accrued losses of between 5,000 MYR & 9,999.99 MYR.

The second is called the Weekly Turnover Challenge, which is more suited to higher-spending bettors as it rewards punters who have staked between 100,00 MYR & 5000,000 MYR with a bonus of between 38 MYR & 1,888 MYR.

Welcome Bonus Min Deposit Live Betting Live Streaming Accepted Crypto
250% bonus on the first three deposits up to 600 MYR MYR 50 BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More

What We Like:

  • Daily eSports markets available
  • Range of bonuses and promotions
  • Live streaming & betting available
  • Excellent mobile betting app

What We Don’t:

  • Visa & Mastercard not accepted

9. we88 – Excellent Live Streaming Service

The we88 sportsbook offers an impressive range of sports and Esports betting markets and with high-profile Brand Ambassador Sola Aoi on board, they are really looking to make an impact in a competitive Southeast Asia betting market.

As is the case with some of the other sites in this article, there are multiple sportsbooks to pick from within the main WE88 site, which in this case are CMD368 and Saba Sports and SBOBet. And if you enjoy Esports betting you also have a couple of options in Saba Esports and Inplay Esports.

The we88 boasts a trusty Curacao eGaming license and it was also great to see that many of the individual elements of the sportsbook have been checked and verified by reputable companies such as internet provider GoDaddy and fraud prevention software Iovation.

we88 Malaysia

When it comes to bonuses, there’s a 100% deposit match welcome deal, a weekly rescue bonus, a Refer a Friend deal and even the chance to win a limited edition Sola Aoi Touch N’ Go NFC card, just for depositing a minimum of 100 MYR.

WE88 live streaming is available for sports including football, basketball, tennis and volleyball. And there’s also a dedicated live betting football betting section called WETV, which is accessible at the top of the main we88 homepage. And from there you can watch a variety of top matches from some of the most prestigious leagues and competitions in Europe.

Welcome Bonus Min Deposit Live Betting Live Streaming Accepted Crypto
100% bonus up to 500 MYR MYR 30 BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More

What We Like:

  • Free to enter “Predict & Win” football offer
  • Lots of live streaming to choose from
  • Unique prizes on offer
  • Weekly rescue bonus

What We Don’t:

  •  No Malay language version of the site

10. UEA8 – Seven Different Sports and Esports Betting Sites to Choose From

It may be common for betting sites in this part of the world to offer more than one site within their main sportsbook, but the fact that UEA8 features five different sports betting sites and two different Esports sites certainly separates them from the pack.

Bettors who are happy to visit all five sports betting sites will surely find all the matches and markets they could wish for, across multiple sports. Furthermore, there are rebate and reload bonuses available to reward you for betting at the UEA8 site.

UEA8 Malaysia

There is also a specific social media bonus that can be unlocked by engaging with official UEA8 social media channels such as Facebook and Instagram. UEA8 also has a unique approach to rewarding customer loyalty, as bettors can earn “U-Coins” every time they make a deposit, which can be redeemed for cash, bonuses and gifts.

Welcome Bonus Min Deposit Live Betting Live Streaming Accepted Crypto
100% Bonus up to 300 MYR MYR 30 BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More

What We Like:

  • Huge selection of sportsbooks to choose from
  • 10% daily sports betting reload bonus
  • Refer a Friend Programme
  • Cash rebate available

What We Don’t:

  • Limited existing customer offers

After a detailed look at our top BTC sports betting sites, we thought it would be useful to provide an easy-to-read rundown of the main features that Malaysian bettors can expect to find at each including live betting, live streaming and mobile betting apps.

Sportsbook Welcome Bonus No. of Sports Available Markets Accepted Cryptocurrencies Live Betting Live Streaming Betting App
Lucky Block 200% bonus up to $10,000 35+ Outrights, Match Result, Handicaps, Bet Builder, Player Props, Totals LBlock, BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More
BC.game Deposit bonuses across the first four deposits up to $20,000 30+ Outrights, Match Result, Handicaps, Totals BCD, BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC
Stake 200% up to $1,000 35+ Outrights, Match Result, Handicaps, Bet Builder, Player Props, Totals BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More
BK8 100% up to $100 40+ Outrights, Match Result, Handicaps,Totals BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More
1xBet 100% bonus up to 500 MYR 40+ Outrights, Match Result, Handicaps, Bet Builder, Player Props, Totals BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More
20bet 100% bonus up to €100 35+ Outrights, Match Result, Handicaps, Bet Builder, Player Props, Totals BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More
me88 200% bonus on the first three deposits up to 1,000 MYR 35+ Outrights, Match Result, Handicaps,Totals BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More
Plae8 250% bonus on the first three deposits up to 600 MYR 40+ Outrights, Match Result, Handicaps,Totals BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More
we88 100% bonus up to 500 MYR 35+ Outrights, Match Result, Handicaps,Totals BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More
UEA8  100% Bonus up to 300 MYR 40+ Outrights, Match Result, Handicaps,Totals BTC, BCH, LTC, ETH, DOGE, USDTE, USDT, TRX, XRP, ADA, BNB, BNB-BSC & More

Why You Want to Bet With Bitcoin if You’re in Malaysia

Depositing with Bitcoin and other cryptocurrencies is hugely popular for a number of reasons relating to safety, convenience and the betting experience itself. So here’s a rundown of why you should give Bitcoin sports betting sites some serious consideration.

Faster Withdrawals

Many people assume that Bitcoin and cryptocurrency transactions might be more complicated and take longer to process but in fact, the opposite is true. The streamlined nature of cryptocurrency means that instant transactions between players and sportsbooks are possible, without the need to navigate the different steps needed to process a traditional payment method such as a bank transfer or debit card payment.

Decentralized Payments

Decentralized finance, also known as DeFi, uses cryptocurrency and blockchain technology to manage financial transactions. Put simply, it means that individuals and organizations can trade funds without the requirement for a third party to intervene to keep the network safe and functional. And when it comes to betting, this means that transactions can be made quicker and safer.

Anonymous Transactions

In countries such as Malaysia, where there are restrictions surrounding online gambling, anonymous Bitcoin sports betting is very popular. This is because depositing with cryptocurrency rather than a debit card or bank transfer provides a way to fund your betting account without revealing any details about your own identity. In addition, the fact that crypto transactions are completely anonymous significantly reduces the possibility of identity theft.

Exclusive Bonuses

At sites such as Lucky Block, bettors who use the site’s own LBlock digital currency will qualify for exclusive jackpot draws and other special offers. And this is something we would expect to see more of in the future. Added to that, welcome offers at Bitcoin sports betting sites tend to be more generous than those at more standard sportsbooks.

Exclusive Crypto Rewards at the Top Bitcoin Sportsbooks in MY

Bitcoin sports betting site offers are often more varied than standard sportsbooks, rewarding players specifically for betting with Bitcoin and other cryptocurrencies.

Generous Deposit Bonuses

As we touched on earlier, Bitcoin sports betting sites often offer huge deposit bonuses that completely outshine their more-traditional counterparts. For example, Lucky Block’s new customer deal could net you $10,000, while BC.Game’s welcome offer could end up being worth an enormous $20,000.

Prize Draws

At Lucky Block, if you buy their own cryptocurrency LBlock, you will also be able to use it to enter exclusive daily prize draws with cash prizes. This isn’t something that’s found at just any sportsbook, even if they are known for being an excellent choice for crypto fans which is one of the many reasons Lucky Block managed to secure the number one spot on our list. 

NFT Competitions

An NFT (Non-Fungible Token) is a unique data file, stored on a type of digital ledger called a blockchain, which can be sold and traded. NFTs often take the form of images or drawings and can be bought, sold and traded online. Over at Lucky Block, if you buy one of their NFTs you will also automatically be entered into a prize draw where you could win a 5* holiday, a Lamborghini, a luxury house or even one million dollars in Bitcoin.

The Best Bitcoin Apps for Mobile Bettors

Almost 90% of the Malaysian population owns a smartphone and with so many people using their mobile devices to manage multiple aspects of their lives, it’s no surprise that betting fans are looking to mobile apps in increasing numbers. Many of the sites featured in this article have a dedicated Bitcoin betting app and even those that don’t will have mobile betting sites that are optimized for the portrait screen of a mobile device. 

The main advantages of betting apps when compared to dedicated mobile sites are that they are more reliable, easier to navigate, customisable and generally load more quickly. However, mobile betting apps take up space on your phone and need updating occasionally. If you choose to download a Bitcoin betting app, then the ones offered by 1xBet and 20bet are highly recommended, thanks to their excellent layout and usability. 

In order to take advantage of Bitcoin sports betting site offers and place a bet at the site itself, you must first buy cryptocurrency, as most sites will not allow you to purchase crypto through their sites. Luckily, there are a host of sites accessible to Malaysian bettors that will allow them to buy, and transfer Bitcoin and other crypto, as well as storing it in a digital wallet. Here’s our top five!

eToro

Founded in 2006, eToro is one of the world’s biggest and most trusted online trading platforms. On eToro, you can buy and trade many popular cryptocurrencies such as Bitcoin, Etherium, Etherium Classic, Bitcoin Cash, Dash and Ripple.  And crucially for fans of BTC sports betting, you can store your crypto in an electronic wallet within eToro and easily transfer funds in and out of your betting accounts from there. There are no management fees and eToro charges a simple fee of 1% for buying or selling crypto, with no charges for sending to or receiving funds from your betting account.

Luno

As reliable and well-regulated as eToro is, it is not approved by the Securities Commission in Malaysia. However, Luno is the first of only three crypto exchanges to be recognised by the SC. Luno offers multiple cryptocurrencies and is one of the easiest platforms we have come across to navigate, making it ideal for beginners. Their app is also easy to navigate and you can instantly check your cryptocurrency electronic wallet. The downside is that their fees are higher, at 2% for buying and selling digital currencies.

Sinegy

The second digital asset exchange to be approved by the Securities Commission in Malaysia is Sinegy. And in addition to providing all the usual buying, selling and digital wallet services, Sinegy is also the only regulated platform in Southeast Asia to create a rebate system rewarding investors for bringing liquidity to the exchange. Sinegy is also based right here in Malaysia and in 2021, it was also listed as one of Malaysia’s Top 20 Fintech Companies.

Tokenize

The third preferred exchange in Malaysia is Tokenize, which is more than just a standard exchange as they feature workshops and group discussions to educate people about the blockchain and crypto environment. Tokenize is also an All-in-One platform where customers can get access to established & emerging cryptocurrencies as they support fiat-crypto pairings, crypto-crypto pairings & ICO (IEO).

Kraken

Another exchange that is excellent for beginners is Kraken, which features numerous guides for new crypto traders, videos, blog posts and “How To” buying guides featuring Bitcoin and seven other cryptocurrencies. And new customers will be in good company as there are over 9 million Kraken customers in over 190 countries. There’s also an excellent Kraken app to make those all-important crypto transactions on the go.

Getting Started at Bitcoin Betting Sites in Malaysia 

For the next part of our guide to Bitcoin sports betting in Malaysia, it’s time for a step-by-step guide to creating an electronic wallet, opening a betting account, and depositing funds, using 1xBet as an example.

Step 1: Create an Electronic Crypto Wallet

The first thing you need to do is sign up for one of the exchanges outlined above and buy Bitcoin, which can then be stored in a digital wallet, ready to be transferred to the betting site of your choice.

Step 2: Visit Your Chosen BTC Betting Site

Make your way to your Bitcoin betting site of choice and familiarize yourself with the sportsbook, bonuses and special features.

1xBet Malaysia Home Page

Step 3: Sign Up

Once you have accessed the homepage of your chosen site, click on “Register’, “Sign Up” or similar, which you will find in the top right-hand side of the page. From there you will need to fill in your personal details including your name, address, phone number, as well as create a username and password.

1xBet Malaysia Sign Up

Step 4 – Deposit Funds

To deposit funds, you will need to go back to your chosen crypto wallet and find the section where it says “Send”. Within that section will be a prompt to scan a QR code, so you need to go back to your chosen betting site, head to their deposit page and click on the cryptocurrency of your choice. 

A QR code will appear which you need to scan through your digital wallet and from there you can set the amount you wish to deposit. And then your account will be funded and ready for some betting action.

1xBet Malaysia Crypto deposit options

Bitcoin Betting Terms You Should Know 

Betting can be complicated and adding an extra layer of difficulty with cryptocurrency can put off many experienced bettors, even if they are interested in free Bitcoin sports betting. That needn’t be the case though, so here’s a handy list of common crypto terms to help you.

  • Address – The unique identification number of the wallet where your cryptocurrency is stored (needed to withdraw) and the ID of the casino’s wallet, where you must make transactions to when depositing.
  • Altcoin – Any cryptocurrency other than Bitcoin is called an altcoin (short for ‘alternative coin’). 
  • BTC – The abbreviation for Bitcoin, commonly used at BTC betting sites.
  • Blockchain –  The system upon which cryptocurrency transactions are recorded and stored.
  • Decentralized: A term meaning that a cryptocurrency is not regulated or attached to any major banking authority.
  • Digital Currency: Another name for cryptocurrency.
  • Ethereum – The second most popular cryptocurrency, commonly shortened to ETH.
  • Exchange: A venue where you can purchase, sell and store cryptocurrency, as well as transfer crypto to your betting account.
  • Provably Fair: A certificate that showcases that a Bitcoin sports betting site has been checked, audited, verified, and regulated as fair.
  • Wallet: A piece of software, hardware, or a web location where your cryptocurrencies can be stored.

Is it Safe to Use Bitcoin Online in Malaysia?

Cryptocurrency is not legal tender in Malaysia but it is certainly not illegal to own it and buyers can be reassured by the fact that Bitcoin and all other cryptocurrencies are regulated by the Securities Commission, which is a trusted statutory body. Furthermore, using Bitcoin at any of the trusted betting sites in this article is also safe and secure.

The Best Alternatives Accepted at the Top Bitcoin Sportsbooks in MY

Just two of the online gambling sites in this list offer cryptocurrency exclusively as a deposit option, which means there is still a huge demand for other deposit methods, even at the top Bitcoin sportsbooks. Here are the main options.

E-wallets

Over half of the Malaysian population uses E-wallets on a regular basis and they are also a great option for deposits into your betting account, especially if a site does not accept MYR. Furthermore, they offer similar anonymity to crypto deposits, which is an advantage. Boost, Grab Pay and Touch n Go are three of the most popular e-wallets in Malaysia, but not all of them are available at Malaysian sports betting sites.

Debit Card

Many Malaysian bettors are happy to link their bank and betting accounts and if so, depositing by debit card is one of the easiest ways to do this, particularly as many people will already be familiar with that process in their everyday life.

Bank Transfer

Bank transfers are also popular, particularly as you can make use of third-party transfer methods such as DuitNow, which is a Kuala Lumpur-based company that allows Malaysians to make payments and receive funds from any participating Bank and eWallet with just one QR code.

Conclusion

Bitcoin sports betting is on the rise and shows no sign of slowing down in the future. Those who choose to use methods like Bitcoin to wager on their favorite sports get to enjoy a range of benefits including exclusive bonuses, faster processing times, lower fees, and safer transactions.

Specialist cryptocurrency sites will become more and more common in the future, but any new sites will have a lot to live up to as Lucky Block is the best of the bunch thanks to its generous welcome offer, crypto features, wide range of betting markets, and unique offers.

FAQs

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