What makes BTC eSports betting so special?
eSports betting has grown in popularity nowadays as well as the number of games that you can place bets on. Even though MOBA (DOTA, League of Legends, etc.) and first-person shooters (CS: GO, Overwatch, etc.) are more prevalent, you can bet for almost any game that allows teams or players to compete.
Like other gambling sites, the principle is the same, but instead, you can also use Bitcoin to make the bet. The number of Bitcoin eSports betting sites are steadily gaining in numbers, and these sites merge the benefits of the traditional betting experience with those of BTC.
Bitcoin has enabled sports betting to become more accessible to people across the globe, especially in certain countries and jurisdictions where betting on sporting events using real money is restricted, illegal or incur taxes.
The main advantage here is that you don’t break any laws in any way by making bets with Bitcoins, as in most countries BTC is not deemed illegal, bearing in mind that it is not acknowledged as currency.
How to use Bitcoin to bet on eSports
In order to be able to place a bet, you first have to set up a Bitcoin wallet to store and send your Bitcoin from. If you already own a Bitcoin wallet, you can skip this step.
After the Bitcoin you have bought from exchange has been sent to your wallet, you can go to the online sportsbook’s banking/cashier section where you want to place the bet.
Select the Bitcoin option form the deposit list (when depositing betting money) or withdrawal list (when taking out your wins in Bitcoin) and specify the desired amount you want to deposit or withdraw.
Best eSports betting sites accepting Bitcoin:
1xBit is a Bitcoin Sportback and Bitcoin casino website which was first launched in 2011. This simple Bitcoin gaming platform and casino provides a range of activities to bet on and a variety of games.
Real-time bets can be made on basketball, ice hockey, soccer/football matches, cricket, baseball, rugby horse races, Formula 1 and more, through the use of an integrated virtual TV facility. There are a lot of games you can possibly think of. The online-based platform works seamlessly, letting the player bet rapidly without any glitches. Let’s have a look at different aspects of 1xBit to determine where it stands among other online Bitcoin betting websites.
1xBit is strictly a Bitcoin betting site but it accepts deposits and withdraws in 18 cryptocurrencies, including Ethereum, Dogecoin, Dash, Monero, Verge, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, Zcash, Sibcoin, NEM, and a few others. Most of the payments effectuated through Bitcoin do not incur any sort of fees. No credit/debit card and wire transfer are supported for deposits or withdrawals.
Cloudbet is a wide-ranging online casino and sports betting platform established in 2013, which offers some attractive features for casino players and sports gamblers.
Cloudbet casino and sportsbook is licensed by E-Gambling Montenegro, which shows that it is fully authorized and legal to operate in this industry. In order to make deposits, you have to click on the Deposit button available in the account dashboard, copy the newly generated Bitcoin address to initialize your transaction and paste it in your e-wallet to deposit Bitcoins. The minimum deposit amount of Bitcoin is 0.001 BTC and there is no maximum limit.
Cloudbet offers users live in-play for sports such as Badminton, American Football, Baseball, Bandy, Boxing, Cycling, Cricket, Floorball, Darts, Golf, Futsal, Ice Hockey, Handball, Mixed Martial Arts (MMA), Rugby, Motor Sports, Soccer, Snooker, Tennis, Table Tennis, Winter Sports, Waterpolo, and Volley Ball.
Bettors can also wager on live games in categories like Basketball, Tennis, Soccer, Cricket, Handball, Badminton, Volleyball, Table Tennis, and Ice Hockey.
Coinbet24 is a Bitcoin gambling website that allows users to bet on sports and casino games. Coinbet24 requires an account to gamble on and offers deposit bonuses as well as an affiliate program (although a written application must be submitted). Users have various methods through which they can deposit their funds:
- Other cryptocurrencies (ShapeShift)
- Credit card
- Bank transfer
- Perfect Money
CoinGaming is a platform which specializes in providing Bitcoin crypto currency options for the iGaming sector. CoinGaming.io is a huge online casino offering more than 30 games, featuring slots, blackjack, poker, rummy, lottery, and roulette.
Gamers receive a 100 percent deposit bonus of up to 1 BTC as well as reload bonuses for the next deposits. The site gives away over 18,000 BTC from jackpot winnings. Also, it is known to have a relatively speedy deposit and withdrawal processes.
CoinGaming.io, a silver member of this Bitcoin Foundation, offers a fully featured white-label casino system which can be accessed by players from all over the world. The platform includes a selection of casino slots (700+) as well as live dealers for table and dice games.
Live traders are now available 24/7 and are broadcasted from specialist studios utilizing cutting-edge streaming technologies. Users can deposit and withdraw immediately using Bitcoin and player wallets are updated in real-time.
Why use Bitcoin at eSports betting sites?
Bitcoin is fast and simple to use once you start making deposits at online sportsbooks. The transaction fees can vary from 0% to 2%, hidden or otherwise, unlike the fees charged by traditional payment methods such as credit cards or direct bank transfers.
Several sportsbooks that feature Bitcoin deposit and withdrawal options also make BTC transactions the cheapest way to fund your betting account, with plenty of Bitcoin-specific bonuses upon sign-ups and promotions to increase the balance of your betting account.
If you use Bitcoin to make the betting deposit into your sportsbook account and withdraw your potential winnings, the betting site in will not be in possession of your personal and financial information.
If you are passionate about sports, betting, and Bitcoin, eSports BTC betting brings them all in one place. There are plenty of established esports betting sites that you can choose from, just remember not to gamble all your BTC in one place and all at once!