Bitcoin eSports Betting Sites

eSports Betting – History & Facts

Esports is a multi-billion-dollar industry that features a wide range of participants including players, streamers, fans, sponsors, and bettors. This fast-growing industry is very dynamic and can change fast, a fact that makes esports betting very lucrative and exciting. Here are some fun facts that will help you understand the history of esports and its rise in the crypto betting markets.

• The esports industry traces its origin to the 1970s when Invaders and Asteroids were released. These two popular games marked the start of the Arcade era in the esports industry.
• During the early years of the industry, the lifespan in the most popular esports games was 4-6 months and the market was quite competitive.
• The arcade gaming industry continued thriving in the 80s and managed to surpass the revenue of pop music and Hollywood movies by 1982.
• Computers and game consoles were more accessible in the 1980s and gamers started hosting local area network parties. Gamers soon realized they could connect their consoles and computers through a router in facilitating multiplayer video games.
• Multiplayer video games became quite popular in the 90s when Counter-strike and Quake were released.
• As the internet became more accessible and affordable, video game players didn’t gather in a single place under LAN connectivity to enjoy multiplayer tournaments. They could connect with other players through the internet.
• With the growth of online gaming, esports became quite popular in the early 2000s and the players started forming professional teams to participate in organized tournaments.
• Esports tournaments attracted a huge viewership as the fans watched the games live on the web and in traditional offline venues.
• The prize pools for tournaments have growth incredible with the market’s rise in popularity, with teams taking millions for winning different events. For instance, Team OG went home with $11.2 million in 2018 after winning Dota 2 eSports tournament at the International.
• With esports becoming quite popular worldwide, esports fans started placing wagers on their favorite teams. Today, there are hundreds of reliable esports betting sites where punters can bet using cryptocurrency, fiat currency, and skins.
• In 2023, over 10 million people worldwide stream live esports events.

Bitcoin eSports Betting Sites Due Diligence

While esports betting platforms and new crypto casinos are readily available online, you need to do your due diligence to find a reliable crypto betting site. Here are some useful tips to help you choose the right esports crypto betting sites.

1️⃣ Registration

We always check if a Bitcoin esports betting site is licensed and the countries restricting its operations. If we find an unregistered platform, chances are its games are unfair. Once we find a trustworthy esports platform, we ensure the registration process is straightforward and requires all the necessary details to verify bettors’ credentials. This way, we know a gambling platform guarantees a safe betting environment.

2️⃣ Deposit

Once we settle down on a Bitcoin esports betting site, we ensure the depositing process is simple. Our experts also check the number of cryptocurrencies it accepts and how much bettors will be charged for crypto transactions. Finally, we evaluate the possible issues a gambler might face when playing on a particular platform to make the right decision.

3️⃣ Bonuses

And since bonuses allow you to maximize your winnings at a Bitcoin esports betting site, we evaluate terms and conditions. The best Bitcoin esports betting sites in the market today don’t have high wagering requirements on their bonuses.

4️⃣ Interface and Navigation

A user-friendly interface and navigation are also crucial when gambling online. We evaluate the simplicity and ease of navigation to ensure you enjoy a convenient gaming experience.

5️⃣ Betting

We also explore any site’s game selection to determine how many variants there are. A reliable crypto esports betting site will have all types of esports games. They include:

• Player vs. Player
• Real-Time Strategy games
• First Person Shooter
• Multi-Player Online Battle Arena

Besides, reliable sites must offer the best crypto betting odds to entice gamblers.

6️⃣ Withdrawal

When withdrawing your crypto gambling winnings, it’s important to ensure that the betting platform you choose doesn’t have a complicated cash-out process. In that case, you’ll need to evaluate a platform’s withdrawal limits, the speed of getting your money to the crypto wallet, and any transaction fees involved.

7️⃣ Customer Support

Reliable customer support will help players enjoy a smooth gambling experience at any betting platform. In this case, we look for a Bitcoin esports betting site with features such as live chat, email, and a toll-free customer service number. Additionally, we review customers’ feedback to know if a casino gives quick responses.

8️⃣ Final Score

If an esports betting site lacks the above attributes, avoid it like a plague. And if you encounter difficulties trying to locate a reliable platform, you can look for Bitcoin betting tips from reliable sources.

5 Best Bitcoin Esports Betting Sites in

2023

The following list contains eSports betting sites with a wide game selection, user-friendly interface, and generous bonuses. Additionally, they will offer you plenty of cryptos to play with and provide reliable customer support.

BitCasino.io

Besides offering crypto casino games and crypto sports betting, BitCasino has a wide selection of esports variants. The games include but are not limited to CS: GO, Fifa, Starcraft II, and League of Legends. Even better, you can access Bitcoin live esports betting on this platform.

BitCasino bonuses include a 10% cashback promotion with zero wagering requirements. Besides, the casino has a loyalty club to offer premium prizes to its existing customers. Finally, BitCasino accepts crypto payments such as TRX, ADA, Bitcoin, Ethereum, Litecoin, and USDT.

Stake

The best part of playing at Stake is that it’s 25 EUR free esports reload bonus doesn’t have any wagering requirements. The only catch is signing up at this bookie, depositing 25 EUR, then you bet on esports Bitcoin odds of 1.5 or above.

Stake holds a valid gaming license from Curacao eGaming Authority, guaranteeing you a fair and secure gaming environment. Even better, this platform gives you the option of buying crypto directly from its online page.

If you don’t want to use crypto to bet esports, Bitcoin sites like Stake provide other payment options. In this case, Stake allows Apple Pay, Google Pay, Master Card, and Samsung Pay. Finally, its game selection includes titles like King of Glory, DOTA 2, StarCraft, and Counter-Strike.

Cloudbet

Cloudbet also holds a valid gaming license from Curacao eGaming Authority. Currently, the platform offers more than 60 esports, including Call of Duty, Counterstrike, Dota 2, Fifa, and King of Glory. Besides, you get to claim a 100% match-up bonus of up to 5 BTC once you create an account with Cloudbet and deposit your wagering funds. Even better, this site accepts both fiat and crypto payments, including Ethereum, Tether, Bitcoin, and more. Its transactions are fast and secure to ensure you enjoy a fantastic gambling experience while betting online.

Sportsbet.io

Sportsbet is also licensed by the Government of Curacao and is among the best esports Bitcoin betting sites accepting crypto in the gambling industry. It offers players endless fun-packed bonuses, including a VIP program. Other perks include a 150 MBTC guaranteed payout every weekend and free bets when your multi fails by one leg.

Its customer support works round the clock to ensure all your gambling needs are catered for. As a result, you can reach the support team using channels like the live chat feature.

BetOnline

One thing that sets BetOnline apart from its peers is its numerous bonuses. For instance, this bookie welcomes new customers with a signup bonus of 50% up to $1000. In addition, they get to claim a $25 risk-free player props wager, a 50% free play mobile betting bonus, and up to $25 free live in-game betting. However, the player must access these bonuses using the promo code BOL1000. On this platform, you can bet on esports Bitcoin games on the go anytime and anywhere.

Bitcoin eSports Betting vs. Fiat eSports Betting

Of course, when using Bitcoin, betting eSports games guarantee more benefits than when using fiat currencies. Here are the advantages to expect when gambling at a crypto esports betting site:

• Instant transactions
• Relatively lower fees
• High privacy and security
• No geographical restrictions
• Advanced Bitcoin bonuses

Benefits of eSports Crypto Betting Sites

Crypto esports betting sites offer numerous benefits over traditional esports betting sites. The payments are processed quickly so you can instantly deposit or withdraw cash. It’s also easy to track your Bitcoin transactions on the blockchain. Here’s a closer at the benefits of using cryptocurrencies like Bitcoin on esports betting websites.

👍🏻 Higher privacy

Most bank accounts don’t allow their customers to place esports bets. For instance, you might have stories of people failing to get a mortgage or bank loan because of their history with online betting sites. That can happen even when you moderately place esports bets. Fortunately, there’s no way of knowing your bank will know when you place crypto esports bets. Your transactions remain private since you don’t need to provide personal information to use cryptocurrency.

👍🏻 eSports betting sites are safer and faster

While there are standard traditional esports betting sites that accept cryptocurrencies, they’re behind the times. Their inefficient customer service, old-fashioned design, and slow paybacks can be quite disappointing to punters.

In contrast, Bitcoin esports betting sites feature a more sophisticated design. These sites use better technology that ultimately gives you top-notch customer support, more secure payment options, and incredible bonuses.

👍🏻 Bypass geographical restrictions

There are many countries that restrict sports betting and casino games. With Bitcoin and Bitcoin Cash, you can securely place wagers from any country as it facilitates cross-border transactions. You can use a convenient VPN and register at the best crypto esports betting site. However, we don’t encourage any criminal activities or betting on eSports Bitcoin betting sites that operate without a valid license.

👍🏻 Instant limitless payments

Traditional betting sites have to work with payment gateways, account managers, and lots of financial regulations. That makes esports betting sites have slow transaction rates, especially when withdrawing your money.

Many crypto esports betting sites operate under the Curacao Gaming Authority, a trustworthy regulatory body known for having less strict financial regulations. Bitcoin’s ability to facilitate quick cross-border transactions over the blockchain also guarantees quick deposits and withdrawals on crypto esports betting sites.

👍🏻 Investing on your own terms

If you’re an avid bettor on traditional betting sites, you must encounter an issue trying to deposit your cash on esports betting sites. Some banks can even free your account for some time when you try to deposit your money on an esports betting site. However, that will never happen when using Bitcoin to bet on esports.

Top 4 Bitcoin eSports Betting Games

Bitcoin esports betting has grown beyond experts’ expectations. The following games have played a role in this growth:

Cryptocurrencies Accepted by Crypto eSports Betting Sites

As stated above, it is crucial to play on a platform offering several cryptocurrency options. For that reason, our list of trusted esports betting sites accepts the following cryptos.

Bitcoin

Bitcoin is the leading and most valuable cryptocurrency today, with a market capitalization of 729 billion. Note that it is highly volatile, which means you can either gain or lose 10% of your wagers without spending it.

Ethereum

Ethereum is the second-largest cryptocurrency from Bitcoin. The best part is that Ethereum transactions are faster than Bitcoin’s. It is also popular due to the many use cases such as smart contracts and others.

Litecoin

When using LTC, you experience much faster transactions than ETH and BTC. Even better, its transaction fees are relatively lower, usually less than 1 USD.

Tether

Developed as a stablecoin, Tether aims to save your money by avoiding the risks of volatility in the crypto space. Although its transactions take up to 3 minutes, its fees are relatively low at Tether casinos.

How to Start Crypto eSports Betting?

Now that you understand the pros and cons of crypto esports betting websites, it’s time to give it a try. Here are a few simple steps to get started betting on esports with Bitcoin today.

#1. Choose a trustworthy esports crypto betting site from our list

Every crypto esports betting site that makes it to our list goes through rigorous tests by our experts to know whether they are trustworthy and safe for the players. As soon as you choose the best Bitcoin esports betting site from our list, go ahead and start the registration process.

Generally, the registration process should be smooth and simple, taking about a minute or two to complete. You’ll discover that registering on a traditional esports betting site might take longer. Additionally, the best crypto esports betting sites often reward new players with a welcome bonus package, which may include a match deposit bonus.

#2. Get crypto assets

If you already have crypto assets in your e-wallet, you can start depositing the money immediately to collect the welcome bonus. If you don’t have any, you’ll need to find a reputable crypto exchange like Kraken or Binance to buy your BTC or Ether coins. It’s essential to check reviews about crypto exchanges, as some like Coinbase don’t allow their users to transfer money to online gambling sites, despite being among the top-rated crypto exchanges.

#3. Arrange your crypto assets

After buying enough BTC from your crypto exchange, you’re ready to fund your betting account and claim the welcome bonus. It’s necessary to create a cryptocurrency wallet as that’s where you’ll be storing your money before you deposit and after withdrawing from your casino site.

Your preferred security levels will dictate the type of cryptocurrency wallet you choose, but most online gamblers work well with hosted wallets. A hosted wallet takes care of everything, including the security of your coin, but you can also choose a non-custodial wallet to take matters into your own hands.

#4. Locate your crypto esports betting site wallet

To deposit your cryptocurrency, go to the sports betting site where you’ve registered an account and find the deposits page. From the deposits page, choose the cryptocurrency you intend to use and you’ll see an account’s public address. This unique address is linked to your account to ensure the site operator will understand where the funds are coming from.

At this point, you need to copy the account’s address to your clipboard and check to ensure that you’ve copied the address. Even the smallest of mistakes when copying the address can make you lose your money.

#5. Deposit and start betting

Now that you’re convinced that you’ve copied the right address, open your digital wallet and paste it there. From your digital wallet, you can input the amount of BTC you want to deposit and hit the send button. Most crypto transactions are almost instant when depositing, but you might need to exercise some patience in some cases. That’s why you should wait for about 6 hours before contacting customer support if you’re having issues depositing crypto assets on esports betting sites.

Bitcoin eSports Betting Apps-iOS & Android

Betting on esports is almost similar to betting on a traditional sport, meaning you can use a crypto betting app to wager. Note that esports betting with Bitcoin is relatively easier when using an app of a decentralized betting site.

Bitcoin eSports Betting – How to Deposit and Withdraw

One of the factors to consider when selecting an esports bookie is a simple deposit and withdrawal process. Here is an example of the same:

Crypto eSports Betting – Responsible Gambling

While crypto esports betting can be entertaining and rewarding, bettors should endeavor to play responsibly. Responsible gambling is an essential factor that every player needs to consider when having fun in today’s online gambling market. Here’s how players can gamble responsibly on crypto esports betting sites.

But first, here’s how you can identify problem gambling behavior when placing wagers on top Bitcoin esports sites.

• You need to gamble for hours to enjoy sports betting.
• Irritable behavior when trying to keep off online gambling.
• Chasing losses.
• Consistently failing to control gambling.
• Always thinking about betting.
• Using other people to cover your gambling costs.
• Putting esports gambling above your education, family, jobs, or friends.

For esports bettors to stay in control of their gambling activities, these simple steps can help you. These steps will help you avoid a gambling problem and stop it from becoming a concerning disorder.

• Self-exclusion – Online bettors can self-exclude from BTC esports betting sites. The time can vary from one site to the other and can range from 1 week to forever.

• Self-assessment – esports bettors can do an assessment to know if they have a gambling problem. As long as you’re honest with yourself, it’s a great way to understand your mindset as a gambler.
• Esports punters can also limit the time they spend on crypto esports betting sites. That allows bettors to have fun without spending too much time on a betting site.
• Set a budget to ensure that remain in control of your netting activities.
• Only place esports bets when you’re sober and avoid drinking or using other drugs when betting.