The rise of cryptocurrencies like Bitcoin, Ethereum, and Litecoin has reshaped many digital industries—including online gambling. Naturally, many UK punters are curious: Do new online bookmakers in the UK support crypto payments? With a wave of new sports betting sites UK entering the market in 2024 and 2025, this is more relevant than ever.
In this article, we’ll dive into how UK gambling regulations affect crypto use, the current state of adoption among new bookies, and what bettors should realistically expect when it comes to using digital currencies on British betting platforms.
UK Gambling Laws and Crypto: The Legal Landscape
Let’s get this out of the way first: cryptocurrency is not banned in the UK, but it’s not widely accepted either—especially in regulated gambling environments.
The UK Gambling Commission (UKGC), which oversees all licensed betting operators in the region, takes a cautious approach to cryptocurrency. It does not explicitly forbid the use of crypto for gambling, but it requires operators to conduct stringent financial checks and follow anti-money laundering (AML) procedures.
For this reason, most licensed new sports betting sites in the UK do not currently accept crypto payments. Handling crypto introduces complex regulatory requirements, which many new operators are not yet ready or equipped to meet.
Why Most New UK Bookies Stick to Traditional Payment Methods
When a new sports betting site UK goes live, it’s usually focused on meeting the UKGC’s strict licensing conditions. This includes offering fully traceable payment methods—like debit cards, bank transfers, and e-wallets such as PayPal or Skrill.
Cryptocurrencies, with their anonymous and decentralized nature, are more difficult to verify in the way the UKGC expects. So even if a new bookie wants to offer Bitcoin or Ethereum as a deposit option, they must also prove the source of customer funds, follow KYC (Know Your Customer) protocols, and integrate robust fraud prevention systems.
For a freshly launched sportsbook, all this can be a steep and risky investment—especially if they’re still growing their user base.
Are There Any Exceptions?
While the vast majority of new sports betting sites UK avoid crypto for now, there are a few niche platforms that may offer crypto-friendly services outside of the UKGC’s licensing framework. However, this comes with a warning: these sites are not regulated by the UKGC, which means you don’t get the same legal protections you would with licensed operators.
You might come across offshore bookies that accept Bitcoin, USDT, or other digital assets. These platforms might look attractive on the surface—low fees, fast transactions, and anonymity—but the risks are significant. If something goes wrong (like withdrawal issues or unfair practices), you won’t be able to appeal to the UKGC or any UK-based authority.
For UK-based bettors, sticking to licensed sites is usually the smarter and safer choice, even if it means using more traditional payment methods.
Will More New Bookmakers Accept Crypto in the Future?
It’s possible. The gambling industry is evolving quickly, and with the growth of fintech and better crypto compliance tools, more UK bookies might adopt crypto payments in the coming years.
Here’s what could drive that shift. Customer demand is growing, especially among younger bettors who are more likely to own crypto and may actively seek sportsbooks that accept it. Technology improvements in crypto KYC/AML tools are also making it easier for new operators to comply with regulations. Lastly, international sportsbooks that already accept crypto may pressure UK operators to innovate.
Still, for now, crypto support remains the exception, not the rule—especially among new sports betting sites UK focused on long-term compliance and reputation.
Alternatives to Crypto on New UK Sports Betting Sites
While crypto may not be widely accepted just yet, there are still plenty of modern, fast, and secure payment options available at newly launched bookies in the UK.
Debit cards like Visa and Mastercard allow for instant deposits and are almost universally accepted. E-wallets such as PayPal, Skrill, and Neteller offer fast withdrawals and easy app integration. Open Banking is becoming more popular for its direct, bank-to-bank transfers and transparent process. Pay-by-mobile services like Boku let users deposit via their phone bill, which is convenient for smaller bets. And prepaid vouchers like Paysafecard offer a balance of privacy and control, though they usually can’t be used for withdrawals.
Many new platforms are investing heavily in these payment methods, ensuring their customers enjoy fast deposits, secure transactions, and hassle-free withdrawals.
What Should You Do If You Prefer Using Crypto?
If you’re keen on using crypto for sports betting, but also want to stay safe and compliant, here are a few tips to consider. First, look for conversion gateways. Some licensed platforms allow deposits through third-party services that convert crypto to fiat, such as MoonPay or BitPay. These options are rare, but they’re growing.
You can also convert your crypto before you deposit. Use a trusted crypto exchange to convert your Bitcoin or Ethereum to GBP, and then fund your betting account via a bank transfer or e-wallet. Lastly, it’s important to monitor the industry. Regulations are constantly changing, and more licensed operators could introduce crypto-friendly options within a few years.
Final Thoughts
So, do new online bookies in the UK support crypto payments? The short answer is: not yet—at least not widely. The UK Gambling Commission’s strict regulatory framework makes it difficult for new operators to accept cryptocurrency while maintaining full compliance. Most new sports betting sites UK focus on tried-and-tested payment methods that ensure customer safety and regulatory alignment.
That said, the landscape is changing. As crypto compliance tools evolve and consumer demand increases, we may see more UK bookies start experimenting with crypto in a regulated way. Until then, it’s best to stick with licensed operators and use one of the many secure alternatives currently available.
If crypto betting is a must-have for you, make sure to do your due diligence—and always prioritize platforms that value transparency, security, and responsible gaming.
