If you want to find out which are the best crypto esports betting sites, you just have to read our article and learn all about them.
If you want to find out which are the best crypto esports betting sites, you just have to read our article and learn all about them.
Cryptocurrencies are slowly penetrating every aspect of the economy, and all major financial institutions use blockchain technology to transmit and secure their information. One of the first sectors that saw the potential of crypto and started using it regularly was the online sports betting industry.
The technology of cryptocurrencies makes it the perfect choice for gamblers, offering fast transactions and low fees, with complete security.
Lately, a lot of new crypto esports betting sites have appeared, but not all of them are up to the standards that esports bettors have come to expect. In this article, we will tell you why crypto payments are so popular and which esports betting websites are worth your time.
Cryptocurrencies originate from the creation of Bitcoin in 2009, the first successful implementation of blockchain technology on a massive scale. When Satoshi Nakamoto mined the first block on January 3rd, the Bitcoin cryptocurrency, the reward for running the blockchain, became the world’s first crypto.
Many people realized the potential of this technology and quickly jumped into either mining the coin or developing their cryptocurrencies. One such individual was Vitalik Buterin, who was the main cog in creating the Ethereum blockchain, the second-largest cryptocurrency in the world according to market capitalization.
Until 2017, cryptocurrencies remained a little niche bubble that only computer programmers were occupying, even if the value of Bitcoin was increasing. In late 2017 though, the crypto market exploded, with millions of new investors joining and billions of dollars flowing into exchanges.
This was the first crypto boom, but in 2021 came the second and even bigger bull circle that made everyone realize that crypto is here to stay.
Already from 2017, some crypto esports betting sites appeared, allowing users to make deposits and withdrawals with cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, Ripple, Tron, Eos, BNB, and USD Tether. Even traditional esports betting sites started accepting Bitcoin and Ethereum after they realized how valuable these assets could be.
Nowadays, it is pretty difficult to find any esports betting sites that don’t accept at least one cryptocurrency due to the high demand for this payment method amongst esports bettors. Some old-school bookmakers still don’t welcome crypto, but they are few and far between.
Thanks to the popularity of cryptocurrencies among people between 18-35, which happens to be the perfect demographic for esports betting, the ability to make crypto payments was something that many esports bettors requested. As a result, bookmakers loudly answered these calls in the last few years.
DuelBits is one of the most advanced Bitcoin esports betting sites, and any bettor looking to use their valuable crypto to bet on esports games will be satisfied. You can deposit and hold multiple cryptocurrencies on DuelBits and if you don’t have any, buying crypto is also an option this bookie gives you.
DuelBits covers a wide range of esports titles, with excellent betting odds and exciting betting options for most games. If you learn how to benefit from the opportunities that DuelBits provides to its bettors, you increase your chances of making a profit significantly.
Stake was created in 2017 as a Serbian bookmaker, but thanks to the popularity of cryptocurrencies at the time, it quickly spread all over Europe and beyond. On it, you can find hundreds of betting markets for dozens of the most popular esports, and you can bet on any aspect of the game, both pre-match and in-play.
Stake is one of the few legitimate Bitcoin betting sites that holds a gambling license from the island of Curacao.
If one thing EGB does right, that is to accept a wide variety of payment options, including bank transfers, credit/debit cards, cryptocurrencies, and even in-game skins. This crypto esports betting site has been a pioneer in esports gambling, with multiple years of experience covering important events and tournaments, offering tempting odds and exclusive promotions.
The design of the EGB website is straightforward, and everything you might need is one click away. If you want to try how betting feels on EGB, you can join the website and bet using the free credits. Of course, you can’t make any money with it, but you will get a feel to see if EGB is the right fit for you.
As one of the newest additions to our list, Luckbox is unique compared to other esports Bitcoin betting sites because you can use it everywhere, you are thanks to the amazing mobile application. In addition, you can place esports bets extremely fast thanks to the “one-click” option, something really useful for live betting.
If you haven’t already done your research on the teams competing, you can get a pretty clear idea by looking at the extra information available on the Luckbox website, like previous performances, team composition, and more. Everything on Luckbox is designed to help you make better choices.
We at Esports-Gamblers have invested a lot of our time researching every aspect of each bookmaker we recommend, and through our experience, we have created a checklist with everything that we want to see in a good crypto betting site.
If you are new to the betting industry or the cryptocurrency world, you need to become familiar with how they work before you can dive into esports betting. Before joining an esports bookmaker, you should look for the following.
If you see all of the above features, you can rest assured that you have found a legitimate crypto-betting site.
Although every esports bookmaker has a slightly different payment procedure, cryptocurrency deposits and withdrawals are so simple that there cannot be much difference between them. If you learn how to make payments in one, you know all of them.
The main thing you will need, regardless of the bookie, is a wallet capable of holding cryptocurrencies. If you are a long-term crypto investor and have your crypto in a cold storage wallet, you will have to move your crypto to an online wallet to make transactions on the blockchain.
Be aware that with cryptocurrencies, there is none to help you if you make a mistake during your payment procedure, so make sure everything is correct before you send or receive money. Double-check and triple-check your information to ensure everything is as it should be, and you won’t lose any money.
To make a deposit, you first need to find crypto-betting sites that accept the token you want to bet with. Some bookmakers will only accept famous coins like Bitcoin, Ethereum, and Litecoin, while others offer a wider array of options.
You need to do these steps to deposit with esports betting sites that accept crypto.
Your money should arrive within a couple of minutes, depending on the blockchain network you are using.
Crypto withdrawals are straightforward to execute, but you need to be aware that not all Bitcoin esports betting sites accept crypto withdrawals, even if they accept deposits. So get in touch with the bookmaker’s customer support before you make your deposits and get all the relevant information.
To withdraw from esports betting sites that accept crypto, you need to do the following.
Despite all the anonymity of cryptocurrencies, you will need to provide the sportsbook with proof of your identity, according to international gambling regulations, to fight against money laundering.
Not everything is perfect with crypto betting, and even though the technology is innovative, some aspects of it might become obstacles for some esports gamblers.
First of all, the price of many cryptocurrencies is very volatile, and that makes it a risky asset to hold in some cases. Even if you win your bets, if the crypto market crashes and each coin loses 80%-90% of its value, you will lose money. If you can predict the crypto circles, you can turn their volatile price into an advantage, but that is an almost impossible task.
That being said, nothing compares to cryptocurrencies regarding security and anonymity. For example, opening a crypto wallet doesn’t require identity verification; you can make transactions without anyone knowing who you are.
It is hard to find a better payment option for esports betting, and crypto betting sites are becoming the number one option for new bettors.
The advantages of using esports betting sites with crypto are the following.
Before you decide if you want to use crypto to bet on esports games, you first need to know the problems with it and make sure that it is worth it.
These are some of the disadvantages of using esports betting sites with crypto.
There is a big divide between people who support crypto betting and those who prefer fiat money betting. The truth is that each side has its points, and which option the bettor chooses depends on how they manage their finances.
Take into account that ever since cryptocurrencies were created, their price has skyrocketed. So you can understand that even though there are price fluctuations, people think that crypto prices are going to go up. This makes spending crypto an “unwise” investing move since just holding the coin would give you more value.
On the other hand, crypto betting can be almost completely anonymous, while if you want to pay with fiat, your bank can find out pretty easily that you have been betting, which might affect your credit score. Also, with the rampant inflation of the last years, having fiat in your bank account is becoming more and more costly.
Cryptocurrencies have impacted the betting industry a lot, and thanks to their unique features, many bettors are using them daily to fund their esports betting journey. If you want to transfer money safely and with meager fees, you cannot find a better option than crypto. Join any bookmakers you will find in our article, and start your crypto betting journey the right way.
The best crypto gambling site is Stake, since it accepts payments with various crypto tokens and has very flexible betting limits, making it the perfect place for casual bettors and high rollers. In addition, you can bet on multiple esports, like League of Legends and Counter-Strike: Global Offensive, with very generous odds.
Yes, you can use crypto for esports betting. When you make the deposit, your crypto will be exchanged for fiat currency with the current exchange rate, and this is the money you can bet with. If you want to bet with crypto, you must join special bookies like Duelbits and Stake.
Yes, betting on esports with crypto in almost every country in the world is legal. However, you need to have access to crypto bookmakers, where you can deposit and withdraw with crypto.
The most popular crypto for esports betting is Bitcoin since it is by far the most famous crypto in the world. This might not be the case for long, though, since other cryptos like Tether and Ethereum are more useful for transactions, while Bitcoin has taken the form of digital gold, used to store value rather than make payments.
