Best Bitcoin eSports Betting Sites

The betting world has changed many times over the years, seeing as how it’s been the favorite pastime activity of many people since Ancient Rome. Today, it has changed more than ever, especially with the introduction of eSports in addition to traditional sports betting.

As the betting industry has changed, so have the payment methods as well. In 2021 you can make your deposit using an e-wallet with just a few clicks, or digital currencies. Seeing as the payment options are an important part of the gambling experience, we’re going to talk about the most popular cryptocurrency Bitcoin and eSports betting sites that accept Bitcoin as a payment option.

If you’re interested in eSports Bitcoin betting and all the nitty-gritty details surrounding it, make sure to read this review till the end.

What Is eSports Betting?

Before we dive into the topic of Bitcoin and why it’s worth taking a look, we need to define what eSports are. eSports are professionally organized competitions where players compete in video games. While the concept is nothing new, as amateur competitions have been around for as long as video games have been, today we have professional players who take part.

As they are recognized as sports, it’s only natural that betting websites offer eSports betting as well. Here are some of the most popular online games on which you can bet on:

• League of Legends
• Dota 2
• CS:GO
• Call of Duty
• Valorant
• Overwatch
• Starcraft II
• Hearthstone
• Rainbow Six
• Rocket League

From the payment options to the welcome bonus, betting on eSports is pretty much the same as betting on traditional sports, with the major difference being the types of bets, which are quite innovative in eSports.

You can place bets on which team will get ‘first blood’ or if the number of rounds a team wins will be an odd or an even number. The types of bets depend on the game mechanics, so you can expect to find some creative bets.

Payment Methods At Betting Sites

Nothing is more frustrating than a limited payment options list. Imagine this: everything about a betting site is right and appealing to you, and you come to find that you’re severely limited in payment options. We’ve divided the possible payment methods into several groups, to help you understand better what to expect.

Credit and Debit Cards

The credit and debit cards are a fan favorite for the simple reason that they’re offered everywhere and are used by almost anyone. Payments with credit or debit cards are easy and fast, but it’s not the most secure option around. Namely, credit card frauds aren’t yet a thing of the past and if you stumble on the wrong eSports betting site, you might get your personal information stolen or abused.

What’s more, it’s very hard to keep track of your betting funds and other money as it’s all in one place. And if you happen to have a gambling problem, it’s easy to rack up quite a debt when using a credit card.

E-Wallets

E-wallets are a handy thing to use because it’s much easier to keep track of your money. And not only keep track, but also to control how much you’re spending. With e-wallets like Revolut, you can top them up with your desired amount and use only that to bet on eSports.

They are easy to use, can be used for both deposits and withdrawals, and are super fast. However, they can incur some fees for transactions that can be quite high. Nevertheless, they are a safer option than credit and debit cards.

Bank Transfers

The good old bank transfers aren’t the safest option or the fastest one when it comes to online gambling sites as they can be abused very easily. It may take a few days before your money shows up on your betting account and it always involves additional fees, especially if it’s an overseas transfer.

Cryptocurrencies

Cryptocurrencies are the future of payments. With digital currencies such as Bitcoin, Litecoin, or Dogecoin, you can be certain that your transactions are safe and your private information won’t fall into the wrong hands. They are extremely fast as it takes literally seconds for them to appear on your account. Below we’ll talk more about Bitcoin, what it is, and some of its competitors.

What Is Bitcoin?

Now that we’ve gone over the basics, let’s dive into the details of this digital currency. So what is Bitcoin? It’s the very first currency of this type that came into existence back in 2008. It uses peer-to-peer technology to operate and has its own blockchain where it derives its value. 

The best thing about this digital currency is that it’s not owned by anyone and it’s fully independent of any government, bank, or currency. Unlike fiat currencies, whose value is tied to a specific currency like the USD or EUR, Bitcoin has its own native blockchain from where it derives its value from.

There are crypto markets where you can buy and trade Bitcoins and other cryptocurrencies and use them for many things online, including Bitcoin betting. While it may sound all fine and dandy, we do have to advise you that it takes a lot of knowledge on the topic to be able to handle this type of crypto money – especially if you want to use Bitcoin eSports betting sites.

Why Choose Bitcoin?

There are several good reasons why you should choose Bitcoin at eSports betting sites and few cons to consider. Before you decide on betting with Bitcoin you should be aware of them. Here are some: 

Anonymity

Bitcoin transactions are completely anonymous in the sense that no personal information is tied to them. You keep your Bitcoins in a special digital currency wallet which you later use to pay on any betting platforms. No need for bank account details or a social security number, which means you can stay off the grid and still enjoy sports betting.

Security

If you store your Bitcoins right, in a dedicated crypto wallet, you’ll have no problem whatsoever regarding security. When it comes to other payment options with which you can bet on eSports, Bitcoin is the safest as your private details cannot be stolen. You should still be careful, as it can be stolen if you don’t place your bets on trusted eSports betting sites.

Fast Deposits and Withdrawals

The main reason why betting with Bitcoin is appealing, is because of how fast it is. Your deposit, and by extension withdrawal, will be instantaneous. You’ll be able to make your deposit or request a withdrawal within seconds. The money will be either on your betting account or in your Bitcoin wallet almost immediately and you’ll be able to bet on eSports within minutes.

The Cons

We do feel obliged to tell you the cons as well as there are a lot of things to keep in mind. For starters, you need to keep in mind that it’s highly volatile. Meaning that if it was worth $10,000 today, it might drop to $2,000 tomorrow, and get back up again. Unlike fiat money which has a store value of at least 30 days, cryptocurrencies can change within a day. Furthermore, you need to buy it and use it on sites that are secure and licensed to avoid any mishaps. The best way to protect yourself and your investment is to only choose secure sites.

Bitcoin Competitors

As with any payment options, Bitcoin too has its own competitors and with how popular cryptocurrency has become over the years, it’s no wonder there are a lot. Using Bitcoin or any other currency for eSports betting is nothing new, but cryptocurrency eSports betting has been on the rise. They’re quite volatile, so if one is a competitor today, tomorrow it might not be.

Some of the most notable examples of the most used cryptocurrencies other than Bitcoin include Dogecoin, Litecoin, Ethereum, Tether, and others. The premise of usage and eSports betting is more or less the same, with some being less volatile than others, but you still need to be well informed about each of them before deciding to invest. Even more so before you decide to try betting with Bitcoin or other digital currency.

eSports Bitcoin Betting

Bitcoin gambling is pretty much the same as any other payment option, and eSports betting is more or less the same as traditional sports betting. The layout on the betting platforms is the same as you’d be used to on other sportsbooks. It’s easy to find all of the available games and markets and see the odds on each one.

Some eSports sites have livestreams of the games too, so you can bet live and watch the game play out as well. You can use Bitcoin to place your bet and potentially score a big win – if you know how to place your bets right that is. It’s advisable to be familiar with eSports betting before you decide to use Bitcoin to bet. There are many YouTube videos and articles that can help you get started with eSports betting, so it’s good to learn the ropes beforehand. That is to avoid losing money when betting with Bitcoin.

Top 10 Betting Sites That Accept Bitcoin

There are a lot of sites that accept crypto payment but that just makes your job harder, especially considering that you need to be extra careful where you’re going to place your bet. The betting options are plentiful, so to help you narrow down your search we found the best Bitcoin eSports betting platforms. Here is our list of top 10 betting sites where you can use Bitcoin.

• Luckbox – 100% up to £100 with bonus code ‘GLFH’, new players above 18 only, full Terms and Conditions apply
• BUFF.bet – 100% up to $100 or equivalent with code ‘GET100’, 125% up to $125 with code ‘GET125’, 150% up to $150 with code ‘GET150’, new players above 18 only, full Terms and Conditions apply
• 22Bet – 100% up to $100 with a minimum deposit of $1, new players above 18 only, full Terms and Conditions apply
• Loot.bet – 100% match up to €100 and extra 35 spins with code ‘LOOT’,  new players above 18 only, full Terms and Conditions apply
• Stake.com – $100,000 weekly giveaways, double winnings on League of Legends, new players above 18 only, full Terms and Conditions apply
• arcanebet – 100% match bonus up to $30 with code ‘ARCANE30’, new players above 18 only, full Terms and Conditions apply
• Cyber.Bet – 50% match deposit with code ‘WELCOME’, new players above 18 only, full Terms and Conditions apply
• Cloudbet – 100% match bonus up to 5 BTC, minimum deposit 0.01 BTC, new players above 18 only, full Terms and Conditions apply
• Sportsbet.io – No welcome bonus, daily boosts available for eSports, players above 18 only, full Terms and Conditions apply
• 1xBit – Welcome bonus up to 7mBTC on your first 4 deposits, new players above 18 only, full Terms and Conditions apply

Hopefully, this list of the best eSports sites will help you out in finding the right Bitcoin sportsbook, and we even added their welcome bonuses for you. Be sure to read the terms and conditions to find out the wagering requirements and other important information. 

Final Words

eSports betting requires some previous knowledge on the topic, but luckily there is a lot of information on the internet – for free! Same goes for using Bitcoin as a payment method. It’s easy to see why Bitcoin is the preferred deposit method when it comes to eSports betting and gambling in general.

It’s independent, meaning it’s not tied to any bank, government, institution, or currency, fiat or otherwise, and it can bring investors big incomes. It’s also the safest method because no personal information is needed anywhere. You don’t have to add a bank account or social security number so you can enjoy betting with Bitcoin without a single worry in mind.

Aside from that, there are many websites that are crypto-based so you can be sure that you can bet on eSports using Bitcoin without a worry. You can also bet on all of the available games on the betting site. Again we advise you to research well about eSports betting and using cryptocurrency as your payment method.

Hopefully, with our list of best bitcoin eSports betting sites, we helped narrow down the choices for you. Gamble responsibly and happy hunting!

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