With the rise of digital currencies like Bitcoin and Ethereum, many Aussie punters are starting to explore crypto betting sites as a way to place bets with more privacy, speed, and flexibility. But what’s the legal status of crypto betting in Australia? And are there any trustworthy platforms you can use?
This guide breaks down the current legal landscape, how crypto wagering works, and which platforms — if any — are safe and accessible for Australians in 2025.
Is Crypto Betting Legal in Australia?
Short answer: Yes, but with conditions.
Crypto betting sits in a grey legal area in Australia. Here’s what you need to know:
- Australian law requires sportsbooks to be licensed by an Australian regulatory body (like the Northern Territory Racing Commission or VCGLR).
- None of these licensed Australian bookies currently accept cryptocurrency as a direct deposit method.
- However, Aussies can legally use offshore crypto sportsbooks as long as they are not explicitly banned or restricted by local regulations.
So while using crypto to bet is not illegal, betting with unlicensed offshore sportsbooks carries risks — such as lack of legal recourse, unsafe withdrawal practices, or poor customer support.
Why Use Crypto for Betting?
Crypto betting appeals to a growing number of punters for several reasons:
- Faster deposits and withdrawals – Avoid bank delays and intermediary approval
- Greater privacy – No traditional banking footprint on your transactions
- Global access – Some crypto sportsbooks offer broader markets and fewer geo-restrictions
- Low or zero fees – Especially for international bettors
For more tech-savvy bettors, crypto is simply a more efficient way to punt.
Where to Bet with Crypto in 2025
While locally licensed Australian sportsbooks don’t support crypto (yet), several offshore platforms cater to Aussies and have built strong reputations. If you choose to explore them, do so with caution and awareness of the risks.
1. Cloudbet
A popular crypto sportsbook that supports Bitcoin, Ethereum, and several altcoins. Offers full sportsbook and casino options.
Features:
- Instant crypto deposits & withdrawals
- Full AFL, NRL, and cricket markets
- Up to 5 BTC welcome bonuses (check eligibility)
- Provably fair casino games
2. Stake.com (Accessible via VPN only in some regions)
A well-known name in the crypto gambling space, Stake sponsors multiple UFC and sports teams. Not fully licensed in Australia but often used by Aussie punters.
Features:
- Live sports betting, esports, and full crypto support
- Sleek interface and quick cashouts
- Aussie sports coverage, including footy and racing
3. BC.Game
An emerging crypto casino and sportsbook with dozens of supported cryptocurrencies and regular promotions.
Features:
- Wide crypto wallet compatibility
- Community and social features
- Exclusive bonuses for verified users
Important: These sites are not licensed by Australian regulators. Use them at your own risk and be aware that consumer protections may be limited.
Pros & Cons of Crypto Betting
Pros:
- Fast transactions
- Lower banking fees
- Greater anonymity
- 24/7 availability
Cons:
- Not supported by Aussie-licensed bookies
- No AUD support or local customer service
- Volatile currency value
- Harder to resolve disputes or verify fairness
If privacy and decentralised payments matter to you, crypto can be a powerful tool — but only if you’re comfortable with the risks.
Are Australian Bookies Ever Going to Support Crypto?
The outlook is cautiously optimistic.
Australian betting regulation is strict, especially when it comes to payment processing and responsible gambling. Until crypto wallets can meet AML/CTF (Anti-Money Laundering / Counter-Terrorism Financing) obligations and KYC standards, it’s unlikely that mainstream Aussie bookmakers like Sportsbet or TAB will add crypto deposit options.
However, as global regulation evolves and blockchain technology becomes more widely accepted, there may be room for change in the coming years.
Tips for Aussie Punters Considering Crypto Betting
- Start small – Only bet what you can afford to lose
- Use secure wallets – Prefer hardware or trusted hot wallets
- Check the sportsbook’s reputation – Look for reviews and user feedback
- Use 2FA – Protect your account with two-factor authentication
- Convert winnings quickly – Crypto prices can be volatile
Final Word: Bet Smart, Stay Informed
Crypto betting in Australia is a fast-moving space, and while it’s not illegal, it does operate outside of the regulated local market. If you’re comfortable using digital currencies and understand the risks, there are offshore options available — just be smart, stay informed, and protect your funds.
Want Safer Alternatives with Fast Withdrawals?
If you’re after trusted, licensed betting sites in Australia with fast payout methods and secure apps — crypto or not — we’ve got you covered.
👉 Visit Top Betting Australia for bookie reviews, app rankings, and smarter betting guides for 2025 and beyond.