With a keen eye on transformations brought by technology, Bitcoin betting in Florida is on the rise, especially among sports fans who prefer more control, privacy, and faster transactions. If you have never transferred Bitcoin before, betting isn’t that easy. Here’s the gist of it, plus a bit more information that is useful. No fluff, just the essentials.
Get a Bitcoin Wallet
You can’t transfer Bitcoin anywhere without a wallet. A wallet for Bitcoin is like a bank account; it is a place where your Bitcoin is stored until you send it. There are two types of wallets, custodial and non-custodial.
With custodial wallets, for example, Coinbase or Binance, a third-party platform controls your account. These wallets are more accessible; however, you will lose your keys.
In non-custodial wallets, for example, Exodus or Trust Wallet, you will have full control over your Bitcoin. This gives more privacy; however, some users might find it inconvenient.
Choose a crypto wallet depending on your comfort level. Beginners will find custodial wallets easier to navigate. Do practice crypto transfers with your wallet before advancing to more complex features.
Buy Bitcoin
You can’t transfer Bitcoin if you don’t own any. Buying BTC is usually done through a crypto exchange like:
- Coinbase
- Kraken
- Binance.US
- Cash App
- Crypto.com
Set up your account, complete identity verification (KYC), and link your bank or card. Once you’re approved, buy however much Bitcoin you want to use for betting.
After purchasing, send the Bitcoin to your wallet if you bought it on a custodial exchange and want to use a separate wallet to fund your sportsbook. Some sportsbooks allow direct deposit from exchanges — others don’t. Know what yours accepts.
Choose a Sportsbook That Accepts Bitcoin
Not every sportsbook lets you deposit with Bitcoin, and some don’t serve Florida at all. So, research platforms that are crypto-friendly and still accessible while you’re physically located in Florida.
A few things to check:
- Does the site accept Bitcoin specifically (some only accept Ethereum or USDT)?
- Are there minimum or maximum deposit amounts?
- Do they offer deposit bonuses for crypto?
- What’s the withdrawal process?
Keep in mind, the site might not be headquartered in the U.S., which is why it can still operate in some capacity while you’re in Florida. It’s your responsibility to use these platforms wisely and stay within the bounds of personal jurisdiction risk tolerance.
Get the Sportsbook’s Bitcoin Deposit Address
Once your account is created and you’re logged in, head to the deposit section. Select Bitcoin as your funding method.
The sportsbook will show you a BTC wallet address — usually a long string of letters and numbers. You’ll also see a QR code version if you prefer scanning. This is the address you’ll send your Bitcoin to. It’s like their bank account number.
Copy the wallet address exactly. One wrong letter and your Bitcoin could be lost permanently. Triple-check it before moving forward.
A Quick Note on Crypto Betting
There’s a growing group of users turning to crypto sports betting for more flexibility, anonymity, and often better odds. Since Bitcoin deposits don’t require bank approvals or traditional payment processors, users can avoid red tape and delays. Just remember: the responsibility is entirely on you to secure your wallet and understand the risks.
Send Bitcoin to the Sportsbook Wallet
Open your Bitcoin wallet or the exchange where you bought your BTC. Choose Send or Withdraw (depending on the platform), then paste the sportsbook’s wallet address into the recipient field.
Input how much BTC you want to send. If the sportsbook gave you a minimum deposit amount, make sure you meet it.
Double-check the wallet address again. Then confirm the transaction.
Blockchain transfers take anywhere from 10 minutes to an hour. Once confirmed, your sportsbook account should reflect the deposit. Some platforms credit you instantly after a few network confirmations; others wait longer.
Heads-up: There might be a small miner fee, depending on how busy the network is when you send your Bitcoin. That’s normal and not controlled by the sportsbook.
Wait for Confirmation and Start Betting
After sending Bitcoin, just wait. Don’t refresh a hundred times. You can use a blockchain explorer like blockchair.com to track your transaction using the TXID (transaction ID) from your wallet.
Once your Bitcoin arrives in your sportsbook account, you’re good to go. Place bets, explore odds, and make the most of your BTC.
If you run into problems, contact the sportsbook’s support team with your wallet address, TXID, and screenshots if needed. They usually have crypto-specific support channels because this stuff isn’t always smooth.
Withdrawing Winnings in Bitcoin
When you’re ready to cash out, the process is basically the reverse. Go to the withdraw section of the sportsbook, pick Bitcoin, and enter your personal BTC wallet address.
Again — double-check that address.
Withdrawals might take longer than deposits, depending on the site’s processing time. It could be a few hours to 1–2 days. After that, it’s just a matter of waiting for the blockchain to confirm the transaction.
Once your BTC hits your wallet, you can keep it, move it to cold storage, or sell it on an exchange for cash. Up to you.
Frequently Asked Questions
Q: How Long Does a Bitcoin Transfer Take?
A: Usually between 10 minutes to 1 hour. It depends on the network traffic and how many confirmations the sportsbook requires.
Q: Can I Use a Mobile Wallet to Send Bitcoin?
A: Yes. Wallets like Trust Wallet or Exodus work fine on mobile. Just scan the sportsbook’s QR code and confirm the transaction.
Q: Is There a Minimum Deposit When Using Bitcoin?
A: Most sportsbooks set a minimum — usually around $10–$20 worth of BTC. Always check before sending to avoid wasting time or funds.
Q: Will I Pay Taxes on Winnings From Bitcoin Bets?
A: Possibly. Even if you’re betting anonymously with crypto, your winnings could be subject to capital gains or other tax obligations depending on your country or state. Talk to a tax professional.
Q: What Are the Accepted Ways to Fund Your Florida Sportsbook Account?
A: You can typically use Bitcoin, Ethereum, Litecoin, Tether (USDT), or even Dogecoin on crypto-friendly Florida sportsbooks. Some also allow deposits through debit cards, gift cards, or vouchers — but crypto is the fastest and most private.
Know Before You Send
Using Bitcoin to fund your sportsbook account while in Florida is fast and efficient, but it’s not something to do casually. You need to understand the steps, double-check everything, and know where your Bitcoin is going. Don’t rely on chance — treat each transfer like money you might not get back if you mess it up.
Crypto gives you more freedom, but also more responsibility.
Hilbert Mayer
Sports Writer
Hilbert Mayer is a professional sports writer, betting analyst, and content strategist with over 15 years of experience in the sports industry. Before focusing on sports betting analysis and handicapping, Hilbert worked as a sports writer for various news outlets, covering everything from game recaps to in-depth matchup features. Today, he specializes in MLB, NFL, March Madness, and UFC betting, combining his journalistic background with deep statistical expertise and real-world betting insights. His proven track record, sharp reads, and ability to break down complex matchups make him a trusted voice among both casual bettors and seasoned sharps.
Published on: August 1, 2025
Last updated: August 3, 2025