eSports Betting Sites
When it comes to choosing the best eSports betting site that accepts cryptocurrency, there are several factors to consider. Here are six key factors to keep in mind before making your final decision:
Before you start betting, make sure that you're legally allowed to play on the site. Some sites require KYC verification, which can restrict access for certain players. However, sites like Stake and 1xBit offer full privacy to their players, which helps to limit some of the geo-restrictions. Other sites, such as Thunderpick, allow anonymous accounts only if you use cryptocurrency to deposit. If you're looking for the best eSports betting sites that accept cryptocurrency, consider options like these.
Reputation and Trustworthiness
When choosing an eSports betting site, reputation and trustworthiness are key factors to consider. This article lists sites according to their reputation, but you can still play on a site with a lower reputation factor. Just be sure to only bet and hold an amount you are comfortable losing in case things go wrong. Some of the best eSports betting sites include BetOnline, Stake, and 1xBit.
If you're a fan of only the big three eSports, all sites will likely meet your needs. But if you prefer more diverse eSports, such as cryptocurrency eSports, consider options like Thunderpick. Thunderpick specializes in eSports betting with Bitcoin across major and minor sports. If you're interested in cryptocurrency eSports betting, be sure to choose a site with a reputation for keeping up with the eSports scene.
VIP Programs and Bonuses
If you're a frequent bettor, you may want to consider an eSports Bitcoin betting site that offers VIP programs and bonuses. BetOnline, for example, offers a variety of promotions and bonuses for regular players. On the other hand, casual players who only visit a few times per week or month may not be interested in VIP programs. Regardless of how often you visit, choose a bonus program that appeals to you.
Payout and Withdrawal Speeds & Terms
When it comes to eSports crypto betting, not all sites offer the same withdrawal speeds or terms. For example, Stake processes withdrawals almost instantly, while with BetOnline, you may need to wait a few days to receive your funds. If you need your crypto ASAP, choose a site that offers fast withdrawals and payouts. Some of the best eSports betting sites with fast payouts include BetOnline, Stake, and 1xBit.
Finally, consider the customer support of the site. A good eSports betting site should have reliable customer support that is available 24/7. Look for sites that offer multiple ways to contact support, such as email, live chat, or phone. You want to be able to reach out to support in case you have any issues or questions about the site or your account. Some of the best eSports betting sites with reliable customer support include BetOnline, Stake, and 1xBit.
In summary, when choosing the best eSports betting site that accepts cryptocurrency, consider factors such as restricted countries, reputation and trustworthiness, eSports availability, VIP programs and bonuses, payout and withdrawal speeds and terms, and customer support. By taking these factors into account, you can find the best eSports betting site for your needs and preferences. Check out our list of the best eSports betting sites, including options for eSports gambling and crypto betting on eSports, for more information and options.
Bitcoin eSports Betting vs Traditional eSports Betting
Bitcoin eSports betting and traditional eSports betting are two different approaches to betting on eSports matches. eSports betting sites, like Kordspace, are leveraging AI and machine learning to develop apps that scan eSports competitions to determine the favorites to win. There are advantages and disadvantages to eSports betting with bitcoin versus fiat. Let's examine these points.
Point 1: Financial Privacy
Some of the best eSports betting sites that accept bitcoin, like Stake and 1xBit, offer complete privacy thanks to cryptocurrency payments. This financial privacy keeps your activities hidden from your banks, credit rating agencies, and even your spouse. The financial freedom to do what you want with your hard-earned money is a significant benefit of betting with bitcoin. This is particularly relevant for those interested in eSports gambling or cryptocurrency eSports.
Point 2: Low Fees
Traditional eSports betting sites are required to use fiat, which involves high fees, such as credit card fees, deposit and withdrawal fees, etc. In contrast, eSports crypto betting sites have a significant advantage in this area. Transferring bitcoin and other cryptocurrencies saves a lot of money and time compared to other options. Recent studies have shown that transfer fees with Bitcoin and crypto can be up to 90% less than traditional bank transfer fees. This makes them a great option for those interested in crypto betting eSports.
Point 3: Bet From (Almost) Anywhere
Gambling of any kind is under strict regulations, and betting sites must obtain licenses for each country, pay fees, taxes, and report suspicious activities to each of them. Traditional betting sites may block users based on their IP address, credit card, or bank transfer location. However, some of the best eSports Bitcoin betting sites that offer deposits and withdrawals in cryptocurrencies might not be subject to the same restrictions. This makes them a great option for those interested in eSports betting sites that are easily accessible.
Point 4: Better Bonuses and Rewards
The best eSports betting sites that accept bitcoin tend to offer better, larger, and more frequent bonuses and promotions compared to traditional fiat-based betting sites. This is because cryptocurrency transactions cost less to process, enabling them to save money on deposit and payout fees, chargeback fees, and more. They can then pass on some of these savings to users in the form of bonuses and promotions. This makes them a great option for those looking for the best eSports betting sites that offer great rewards.
Point 5: Watch Out For No Chargebacks
One benefit of traditional eSports betting sites is that users can request a chargeback on their card if they feel the site has treated them unfairly. However, this is not possible with cryptocurrency. All transactions with Bitcoin and other cryptocurrencies are permanent and do not involve any third parties. This means users need to be more responsible and careful when sending their crypto because they cannot get it back. Choosing a licensed BTC eSports betting site may be important for some players interested in eSports betting.
Point 6: Keep in Mind the Volatility of Crypto
There is a risk that comes with betting with bitcoin due to the volatility of the cryptocurrency market. For example, if a user bets $10,000 worth of BTC and wins 20% of their initial bankroll, it may not feel like much of a win if the price of Bitcoin drops, and their withdrawal is only worth $5,000. This is a risk that cannot be avoided at this time. Users should play with an amount they're comfortable seeing go up, down, and sideways in terms of value. Alternatively, they should withdraw their winnings and exchange their crypto for fiat or stablecoins. This makes them a great option for those interested in cryptocurrency eSports and eSports crypto betting.
Perhaps in the future, the price of bitcoin will become more stable, but for now, it's crucial to play with an amount that you're comfortable seeing go up, down, and sideways in terms of value. Alternatively, you can withdraw your winnings and exchange your crypto for fiat or a stablecoin.
New To Bitcoin eSports Betting? Here’s How To Get Started
If you're new to bitcoin eSports betting, it's best to get started as soon as possible since crypto eSports betting is gaining popularity quickly. Watching skilled players is just as exciting as playing the game yourself, and the volatility of cryptocurrency adds to the risk and potential rewards.
To start, you'll need to obtain some Bitcoin/crypto. We recommend a specific exchange that allows the use of their platform for gambling purposes, unlike most crypto exchanges out there. Once you have your first piece of Bitcoin, follow these steps:
- Transfer the funds you've decided on to your chosen eSports crypto betting site.
- Place your bets and enjoy the games.
- Withdraw your winnings back to your exchange or a hardware wallet.
- Repeat the process.
In summary, bitcoin and eSports have a bright future ahead, and the two are forever linked. So, the earlier you jump in, the easier and better it will be. Best eSports betting sites provide a seamless and exciting experience for users to bet on their favorite games and players. These sites offer a variety of eSports events and markets to bet on, along with competitive odds and user-friendly interfaces.