Bitcoin esports betting pros and cons
Advantages
- Deposits and withdrawals are very fast
- Secure form of payment with no third parties
- Potential for bigger, crypto specific, bonuses
- Fees for Bitcoin betting are minimal
- Anonymous transactions
Disadvantages
- Difficult to reverse transactions
- The price of Bitcoin can fluctuate
Why don’t all esports betting sites accept Bitcoin?
There’s an increasing number of Bitcoin betting sites but it’s fair to say that using Bitcoin as a payment method is an evolving situation.
There are lots of potential reasons behind betting sites’ reluctance to embrace the crypto wave. For one, it requires some extra effort to set up crypto as a payment option. Secondly, and I suspect most importantly, some platforms just may not feel the need to alter their payment methods.
However, the betting landscape is one that changes regularly. As player’s priorities shift and crypto becomes a more mainstream payment option, more and more esports betting sites may start to accept it, widening the choice for punters.
Choosing the best Bitcoin esports betting sites- my total guide
The choice of Bitcoin betting sites may be more limited than their fiat counterparts but there are still a lot of alternatives out there.
The quality of sites can vary significantly but have no fear. Just use my convenient checklist, and you’ll be able to find the right platform for your crypto coins in no time.
License and security
Before you go anywhere near any esports betting site, you’ll want to guarantee that it’s fully licensed and has comprehensive security features.
A license issued by a reputable authority demonstrates that a site meets all legal guidelines and has been independently verified as fair. Security features could include SSL encryption, firewalls, and KYC verification. All of these protect player’s details from hackers and any other would-be bandits. They also guarantee that the site is operating fairly. This is very much a no ifs, no buts, no coconuts requirement for any site that GameChampions recommends.
Customer support
I hope you won’t ever need to contact customer support but, if you face a problem that isn’t covered by a site’s FAQs, then customer support will be your next port of call. The best customer support gives players several ways to get in touch and is available around the clock.
Game selection and tournaments
Game selection is probably the biggest deciding factor when you’re searching for the best online esports BTC betting site. The number of betting sites offering esports has exploded, but you won’t find all of your favourite games represented universally. Popular options available at most sites are:
- CS:GO
- LoL
- FIFA
- Dota2
- Rocket
- EA FC
Betting on other games, such as NBA2K and Rainbow 6, is possible at selected sites but you’ll need to check this before you sign up. You can have a look at our guides to the most popular games, such as
CS:GO betting with Bitcoin, to learn more specifics about each game.
Betting markets
Esports betting is a relatively recent addition to the online gaming pantheon, but there are a lot of markets and bet types to choose from. These are some of the most common:
| Bet type | Definition |
| Moneyline | Also known as the match winner, or 1X2, this simple wager lets you choose who will win a match. |
| Round winners | This type of wager allows you to bet on the winner of individual rounds. It’s a good option for very competitive matches where it may be difficult to predict the overall winner. |
| Final score | As well as predicting the winner of a match, you can also bet on the final score. |
| Props | A prop bet in esports is most often based around a specific player. You could predict how many kills a player will make, or which player will score next. |
Live betting and live streams
Gone are the days when esports betting was relegated to a few solitary tabs at an online sportsbook. Although esports betting remains a less popular market, punters can expect the same level of features that are available for all sports. This includes Bitcoin live esports betting, giving you the chance to live stream matches and place live wagers.
Just bear in mind that, in order to access a live stream, you’ll usually need to have a positive balance.
Odds
Just like non crypto betting sites, the odds on esports matches at the best sportsbooks will be competitive against the rest of the market. They’ll also be regularly updated.
Bonuses are another key consideration when picking an Bitcoin esports betting site. You may not find esports specific promotions but you will discover that most sports betting deals cover esports as part of their ts and cs.
One advantage of using Bitcoin to bet with is that promotions can be more generous. This is because crypto transactions don’t attract the same fees as say debit cards, so platforms can pass those savings on to their members.
Some of the most popular promotions you’ll come across at Bitcoin esports betting sites are:
- Deposit match
- Odds boost
- No sweat bet
- Bet insurance
You can check out updated lists of the newest bonuses at sites that allow
esports betting using cryptocurrency
at GameChampions.
Try these top eSports Bitcoin betting bonuses
1.
2.
150% up to $150
Min. Deposit: $20
3.
100% up to 500$
Requirements (WR): 10x Bonus, Min. Deposit: 10$
4.
100% up to $100
Requirements (WR): 5x Bonus, Min. Deposit: $10
5.
–
Requirements (WR): 5x Bonus
How to deposit with Bitcoin
Before you select a Bitcoin betting site, it’s always a good idea to check out its minimum limits for deposits and withdrawals. These should always be on the moderate side, and I would personally be a bit suspicious of any site needing you to lay down a large amount of crypto.
Once you’re ready, go to the site and click on ‘Join’.
Step 1
Enter the requested personal details. This includes name, DoB, and email address. Don’t forget to input any promo codes here to take advantage of a welcome bonus.
Step 2
Verify your email address.
Step 3
Visit the ‘Cashier’ or ‘Banking’ option. Select Bitcoin as your deposit method and enter the requested information.
Champion tip: If you’re new to using crypto, you’ll need to set up a digital wallet. If you don’t feel confident with doing this then some Bitcoin esports betting sites will allow you to convert fiat money into Bitcoin through gateway services such as MoonPay.
I’d always recommend doing a bit of research around this, especially if you’re new to crypto, before you get started.
How to make Bitcoin withdrawals
One of the biggest advantages of Bitcoin is that withdrawals can be processed within seconds, and much faster than traditional online banking transactions.
When you want to collect your winnings, simply go to the ‘Cashier’ section again and hit withdraw. Enter the amount you’d like to transfer and type in the wallet address. Always double check this as mistakes are hard to rectify.
Placing a bet with Bitcoin – as easy as 1, 2, 3
Once you’ve tracked down the right Bitcoin esports betting site, and got to know them a little bit, you’re ready to take things to the next stage. Thanks to the speed of using Bitcoin to deposit, making a new account and setting your first bet is quicker than a Ronaldo penalty in a game of FIFA.
Step 1
Select your game and bet type.
Step 2
Click on your selection to add it to your virtual bet slip.
Step 3
Add your stake and your bet is ready.
GC tip:
Check out the statistics to help you shape your bet. These will show you the latest winners, score lines, and other useful details. Anything can and does happen in esports but these stats will give you a good flavour of a team’s recent performance.
Conclusion – wrapping up my Bitcoin esports guide
Bitcoin has lots of distinct advantages for esports betting. The fast transactions are a plus to keep up with the quick action of esports games, and the security features mean that you can make bets with confidence. Low fees give the potential for more bonuses to come your way too.
However, as yet, Bitcoin is not accepted at all esports sites. This may change as Bitcoin becomes a bigger part of the mainstream financial market, and esports become more popular.
If you’re new to cryptocurrency, it’s vital to do your research before you start betting with Bitcoin. Look at how it works, understand the possible benefits and risks, and make sure you’re comfortable before you take the plunge. GameChampions is here every step of the way, and the Bitcoin betting guides on this site are a great place to start.
Unbeatable eSports bookmakers that accept Bitcoin
Bitcoin esports betting FAQs
?? What’s the best esports betting Bitcoin site?
There’s no one perfect esports betting site for Bitcoin users. Every single site has some unique features and quirks that will make it appeal to some gamers and not others. You can use my checklist to assess each site’s game selection, odds, bonuses, and individual features, such as live betting, to find the right one for you.
?? How do I know that an esports betting site that accepts Bitcoin is safe?
That’s a good question and it’s sensible to be wary of potentially dodgy sites, particularly as Bitcoin, and alt coins work outside of the normal channels that regulate other payment methods. The way to avoid dodgy sites is to check that any Bitcoin or
Ethereum esports betting
platform you’re considering has a license. GameChampions has your back here because we only ever recommend licensed sites.
?? Can I use Bitcoin to bet on Fortnite?
Fortnite is one of the brightest new additions to the esports scene, with over 250 million users worldwide. If you’re one of the 250 million then great news, Fortnite is available to bet on at a lot of the best esports betting sites.
