Bitcoin eSports Betting
The unstoppable march of progress when it comes to technology has resulted in some incredible creations. On the one hand, you've got the world's first and still most popular cryptocurrency, Bitcoin, which promises a faster, more trusted way to pay for things or invest in the future.
Meanwhile, on the other hand, you have esports, which is a range of online multiplayer games that have been taken to professional levels and are watched, adored and bet on by millions around the world.
Combine these two modern marvels and you have Bitcoin esports betting, which is growing exponentially in popularity, creating more of a stir than the sum of its constituent components. In this article you'll learn all about the attraction of Bitcoin esports betting, including the best Bitcoin esports betting sites, why many are choosing to bet on esports with Bitcoin, how to deposit, bet and withdraw with Bitcoin, and much more.
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Best Bitcoin eSports Betting Sites 2022
If you're keen to dive right in already, get started in the best possible place. Our professional reviewers have thoroughly scrutinised the vast array of esports betting sites that accept Bitcoin to create a small, concise list of the very best. Check out the top Bitcoin esports betting sites for 2022 below:
Stake is a multilingual online casino and sports betting site that boasts over 4,000 slots, table games, live games, and more than 30 traditional sports and esports. Fans of the latter will enjoy betting on such competitions as League of Legends, Counter-Strike: Global Offensive, Rocket League and StarCraft.
A range of special bonuses and promotions such as the daily races and weekly giveaways dish out plenty of rewards, with even more coming from the well-structured VIP programme. Bitcoin is not the only crypto coin accepted here, with Ether, Litecoin, Dogecoin, Ripple and others also available.
Read the Stake casino review.
Another popular site with crypto esports betting fans, Kineko, offers casino gaming, sports betting and action on esports, including Call of Duty, League of Legends, DotA 2 and CS:GO. Kineko has its unique character and markets itself as a place to get lucky with crypto.
A welcome bonus of 100% up to €150 (or currency equivalent) is currently offered at the site. Attracting a lot of attention is the site's player-shares setup in which all members get to share a percentage of the site's profits every month. There are also additional perks for using Kineko's crypto coins, KKO.
Read the Kineko casino review.
Operating since 2016 and a common name amongst esports betting fans, Fortune Jack presents a good collection of esports, including Overwatch, League of Legends, Call of Duty and CS:GO, and its 1,500+ strong collection of casino games and 30+ world sports.
Fortune Jack's welcome package totalling up to 6 BTC is a big pull with punters, who stick around for the monthly wager-free cashback and other loyalty perks.
Read the Fortune Jack casino review.
Those interested in betting with Bitcoin also tend to enjoy the offering at 20Bet, which came online in 2019 and continues to be a popular choice. eSports available here include FIFA, NBA, DotA 2, StarCraft, League of Legends and Counter-Strike: Global Offensive.
Loyal bettors will be treated to special perks thanks to a sports-specific VIP programme, and the gifting begins with a 100% up to $150 welcome bonus.
Read the 20bet casino review.
Another multilingual esports betting site that ranks well with members, GG.bet offers over 900 markets on League of Legends, Rainbow Six, FIFA, NBA, DotA 2, Overwatch, CS:GO and many other esports.
Various free bet boosts, bonuses and cashback offer add value to your betting activity at GG.bet. A collection of over 2,500 casino games is also waiting to entertain you here. Though Bitcoin isn't accepted directly, the site does allow deposits from some wallets that enable exchanges from Bitcoin to a compatible currency.
Read the GGBet casino review.
Bitcoin is the world's first and most popular cryptocurrency, an alternative form of currency that operates entirely independently from any banks or financial institutions, i.e. decentralised. The coin and its blockchain platform were launched in 2009 by the person or group known only as Satoshi Nakamoto.
Known for its investment potential and volatility, Bitcoin's attraction comes from its inherent security and anonymity thanks to cryptography and blockchain technology, eliminating the need for the trust-based system on which most of today's fiat currencies are based.
Though many are still hesitant, Bitcoin has been adopted in many governmental settings around the world, with two countries, El Salvador and the Central African Republic, currently accepting Bitcoin as legal tender.
About eSports Betting
eSports are online multiplayer games that have become so popular that competitions take place between teams worldwide to determine who is the best, with a lot of money up for grabs in many cases.
On a level with traditional sports, esports attract much interest from sponsors and the general public, with many countries raking in the profits from hosting such events in their big cities.
There are many different kinds of esports, such as those that mimic traditional sports, like FIFA and NBA, first-person shooters like Overwatch and Counter-Strike: Global Offensive, real-time strategy games such as StarCraft and WarCraft and multiplayer online battle arena games like League of Legends and DotA 2.
The popularity of these games has reached such an extreme level that millions of people watch the matches, resulting in the emergence of the esports betting industry. There are now many sites that offer the ability to bet on esports from worldwide.
Advantages of Using Bitcoin for eSports Betting
Though you can bet on esports using traditional fiat currencies like USD, CAD, GBP and EUR, it's becoming increasingly common to bet on esports with cryptocurrencies, especially Bitcoin.
The reasons for this are multiple, but here are the three main benefits of betting on esports with Bitcoin.
In contrast to traditional fiat currency deposits and withdrawals, which can vary in their processing times from a few hours to several days, Bitcoin payments are usually processed instantly or, at the very most, within 10 minutes.
In a world where we wanted everything yesterday, this is a very attractive feature of Bitcoin, which makes it ideal for the fast-paced nature of esports competitions, especially when it comes to living to bet.
Bitcoin was designed so that it doesn't require the trust-based system of most modern banks and financial institutions, but that doesn't mean it isn't secure. On the contrary, Bitcoin transactions are extremely secure and virtually impossible to hack, thanks to the blockchain technology on which they operate.
Secure cryptography algorithms are used to arrange Bitcoin transactions into blocks, verified and added to the blockchain. There is no possibility of transactions being hacked or edited at any point, making it a very safe option for esports betting.
The cryptographic nature of Bitcoin transactions means no identifiable casino information is exposed or subject to exposure at any point in the process. That makes Bitcoin perfect for those interested in keeping their esports betting activity to themselves.
In some countries where esports betting is problematic, using Bitcoin can make the activity more accessible. Do be sure to check on the legalities of Bitcoin esports betting in your jurisdiction before you get started.
Depositing With Bitcoin
To get started betting on esports with Bitcoin, you'll need a Bitcoin wallet of some kind and an esports betting account.
Bitcoin wallets come in various forms. Many people like the simplicity of storing their BTC on the exchange at which it was purchased, while others prefer to keep their crypto coins in a hot or cold wallet.
Whichever option you choose, keep your private key in a safe place. If you lose this, there's no way to retrieve it, which effectively means you'll lose access to all of your Bitcoin!
Once you've loaded up your Bitcoin wallet, you'll need somewhere to bet with those coins. Choose one of the carefully reviewed esports betting sites featured on this page for the best experience. Fill in a few details at your site of choice to open your new account.
Making a Bitcoin deposit at an esports betting site is very simple:
- Log in to your account at the esports betting site you've joined
- Click the deposit button or visit the cashier
- Choose Bitcoin as your payment method
- Use the QR code or copy the esports betting site's wallet address
- Enter this address and how much you want to deposit from within your Bitcoin wallet, and click the button to process the payment. Your funds will appear in your esports betting account, usually instantly.
Note that your Bitcoin will automatically be converted into one of the accepted site currencies for easier use in many cases. However, some esports betting sites let you bet in Bitcoin directly.
Betting on eSports With Bitcoin
Once you've added some Bitcoin to your new esports betting account, you're ready to start betting on your favourite esports!
eSports are usually located in the sports section of the site, though they may have their page in some cases. The various esports will be listed, most often down the left of the page. Click on the one you're interested in betting on to see all available games and betting markets.
Choosing your bet is as simple as clicking on it, which will add it to your bet slip. Then, you need to add your stake and hit the bet button to place it.
Withdrawing With Bitcoin
If you've been lucky enough to score a win on your esports bets, you'll be interested to know how to get your hands on your Bitcoin winnings. Here's how withdrawing Bitcoin works:
- Make sure you're logged in to your esports betting account
- Visit the cashier and click Withdraw
- Enter your Bitcoin wallet address and choose how much you want to withdraw
- Click to proceed with the withdrawal
Once the esports betting site has approved your withdrawal, your Bitcoin funds should arrive in your wallet quickly, though in some cases, it can take a little longer.
Other Cryptocurrencies Used for eSports Betting
Though it's the most popular, Bitcoin isn't the only cryptocurrency you can use to bet on esports. Here's a brief look at other casino cryptocurrencies commonly used to bet on esports.
Any other cryptocurrency that isn't Bitcoin is generally referred to as an altcoin, and there are many of them, some 19,000! However, most altcoins are not popular enough to warrant being offered as a payment method at esports betting sites. That said, there are a surprising number of cryptocurrencies that are accepted at esports betting sites. Here are just a few of them:
Aside from using fiat currencies, Bitcoin or altcoins, there is another way to bet on esports, and that's by using the site's cryptocurrency.
In much the same way that various sites have created their own sets of NFTs, numerous gambling sites have constructed their cryptocurrency for use on their site. One example of such a site is Kineko, whose KKO coins form the basis of their reward programme, with users of those coins benefiting from an extra percentage of cashback every month.
Other Uses for Cryptocurrencies
eSports betting isn't the only activity that coin holders can enjoy. An increasing number of best online casinos and traditional sports betting sites now accept Bitcoin as a payment method, with many of these sites also allowing you to bet and play with your coins.
One of the big benefits of these sites is that a new collection of games can often be found that draws upon the blockchain's inherent security. These games are called provably fair in that anyone can verify the fairness of every outcome at any time. That means you can see that there has been no interference between the time you place your bet and when the result is determined.
The Legalities of Betting on eSports With Cryptocurrencies
In the grand scheme of things, cryptocurrencies are still in their infancy, and as a consequence, laws surrounding Bitcoin are too. The same can be said of esports betting, though to a lesser degree. It can be tricky to determine if Bitcoin esports betting is legal in your location.
It's wise to get legal advice from a professional if you're unsure, but as a guide, take a look at the law in your region regarding both cryptocurrencies like Bitcoin and general betting on sports or casino games. If these things are not legal in your country, the chances are that Bitcoin esports betting won't be either.
Bitcoin esports betting represents progress in the world of money and the gambling industry. When you combine the world's most popular cryptocurrency with the ability to bet on top trending esports, you get an explosive entertainment opportunity that millions of people currently enjoy.
If Bitcoin esports betting appeals to you, it's worth learning a bit more about both Bitcoin and esports betting to ensure your first experience is a positive one. Check out the carefully reviewed esports betting sites featured on this page as a good starting point.
Want to know more about Bitcoin esports betting? Read through our FAQs.
Can you bet on esports with Bitcoin?
Yes, you can! Many esports betting sites accept Bitcoin as a payment method, which means you can deposit using your Bitcoin and bet on all your favourite esports like Call of Duty, Overwatch, CS:GO, League of Legends, DotA 2, FIFA, NBA and much more.
Which sites are the best for Bitcoin esports betting?
Check out our list of the top Bitcoin esports betting sites for 2022 further up this page.
Where else can I bet with Bitcoin?
Bitcoin can be used to play a wide range of slots, table games and live dealer games from world-renowned developers at an increasing number of online casinos.