Crypto Betting 101: How to Use a Wallet to Bet on Sports

As more bettors look for speed, privacy, and control, crypto sportsbooks are quickly becoming the preferred option for sharp players. But if you’re used to funding your sportsbook account with a credit card or bank transfer, switching to crypto can feel like a big step — especially when it comes to wallets.

The good news? Using a crypto wallet to bet on sports is easier than it sounds, and once you’ve done it once, you’ll never want to go back to traditional banking methods.

In this guide, we’ll walk you through what a crypto wallet is, how to set one up, how to fund it, and how to use it with a crypto sportsbook – like bet105 – where you can bet anonymously, move money instantly, and never worry about getting limited for winning.

What Is a Crypto Wallet?

A crypto wallet is a tool that lets you store, send, and receive cryptocurrency. Think of it as your digital bank account — except you’re fully in control, with no third-party bank or middleman.

There are two main types:

• Custodial wallets – These are hosted by exchanges like Coinbase or Binance. They’re easy to use but you’re not fully in control — the exchange holds your keys.
• Non-custodial wallets – These are standalone apps (like Trust Wallet, Exodus, or Electrum) where you hold the private keys. These give you full control and are preferred for sports betting.

For the most secure setup — especially if you’re betting regularly — use a non-custodial wallet. That way, your funds are always in your control, and you’re not dependent on a centralized platform.

Setting Up a Wallet for Sports Betting

Let’s assume you’re going with a non-custodial wallet — the recommended route for serious crypto bettors.

Step-by-step setup:

1. Download a trusted wallet app

Examples: Trust Wallet (mobile), Exodus (desktop & mobile), Electrum (for BTC-only users)

2. Create a new wallet

The app will prompt you to generate a new wallet and provide you with a 12- or 24-word seed phrase — this is the only way to recover your wallet if you lose access. Write it down and store it offline. Never share it.

3. Enable security features

Set a PIN or passcode. Enable biometric access if supported. These extra layers prevent unauthorized access to your funds.

4. Receive crypto to your wallet

Copy your wallet’s receive address (e.g., your BTC or USDT address) and use it to transfer funds from an exchange like Coinbase, Binance, or even payment apps like Cash App or Venmo (if they support crypto transfers).

Once you have funds in your wallet, you’re ready to deposit to a sportsbook like bet105.

Depositing to Bet105 from Your Wallet

Now that your wallet is funded, here’s how to use it to place bets.

Step-by-step deposit process:

1. Log in to your bet105 account

Go to the deposit section.

2. Select your cryptocurrency

Choose the coin you want to deposit — typically Bitcoin, USDT, or USDC.

3. Copy your unique deposit address

This is your bet105 wallet address — specific to your account and chosen currency.

4. Open your wallet and send funds

In your wallet app, select “Send,” paste the bet105 address, enter the amount, and confirm.

5. Wait for confirmation

Most deposits are credited after one blockchain confirmation. This typically takes 5–10 minutes for BTC or faster for USDT on the TRC-20 network.

That’s it. You’re now betting with crypto — anonymously, quickly, and without banking friction.

Withdrawing Winnings Back to Your Wallet

When you’re ready to cash out:

1. In bet105, go to the withdrawal section
2. Choose your coin and enter your personal wallet address
3. Confirm the amount and submit

Funds are typically sent quickly, especially for stablecoins or during low blockchain congestion.

No payout limits. No ID checks. No delays.

Pro Tips for a Smooth Crypto Betting Experience

• Use stablecoins (USDT, USDC) if you want to avoid volatility and get fast, low-fee transfers.
• Double-check wallet addresses every time. Crypto transactions are irreversible.
• Label your addresses in your wallet app to avoid confusion when using multiple sportsbooks.
  

  

• Store seed phrases offline — your entire wallet depends on it.
• Use TRC-20 or BEP-20 versions of USDT for lower fees and faster transfers than Ethereum (ERC-20).

Why Crypto Wallets + Bet105 = The Ideal Betting Setup

When you pair a crypto wallet with a sharp, privacy-first book like bet105, you eliminate most of the friction that traditional bettors face.

There’s no KYC, no delayed payouts, and no “risk management” limiting your stakes when you win. Instead, you get access to a reduced juice sportsbook, where every line is priced with tight margins — and every edge counts.

For bettors who want full control over their bankroll, crypto is more than just an alternative — it’s an upgrade.

Final Thoughts

Using a crypto wallet to bet on sports might seem intimidating at first, but once you understand the basics, it’s straightforward — and far more efficient than dealing with banks or credit cards.

By betting with your own wallet, you take full control of your funds, enjoy faster payouts, and eliminate unnecessary friction. Combine that with a sharp-friendly platform like bet105, and you’ve got a setup designed for real bettors — not tourists.

Whether you’re betting every day or just a few times a month, learning to use a crypto wallet is one of the smartest moves you can make in 2025.