Best eSports Crypto Betting Sites 2022: Bet on eSports Crypto Sites

The real-world use of Bitcoin (BTC) and its underlying blockchain technology have been explored by various industries. Government and non-profit organizations and online businesses use blockchain networks of other cryptocurrencies, enabling better, efficient business models. eSports crypto betting is one such application that provides the added benefits of everything digital distribution ledgers offer.

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Cryptocurrencies like BTC are popularized owing to the blockchain. As a result, the blockchain system has been popularized due to its secure and faster data-sharing ability.

Every cryptocurrency’s blockchain or ledger of transactions has unique characteristics that are efficiently made use of by the esports betting sites.

With the foray of the esports sector into the crypto world, players can bet on good esports games like League of Legends, Counter-Strike: Global Offensive, Dota, and other electronic sports. It enables players to enjoy betting without worrying about gambling laws and other legalities.

Introduction

Unlike traditional sports, esports or electronic sports revolves around video games rather than sports games. Typically, these video games are organized multiplayer game competitions at either a professional, individual, or team level.

Some of the classic esports video games include FPS games or first-person shooter, real-time strategy or RTS games, multiplayer online battle arena or MOBA games, like Counter-Strike: Global Offensive, League of Legends, and other esports titles.

Similar to traditional betting, gamblers can place bets on esports. In betting, players place bets on the results or outcome by predicting the same before the game. Due to esports’ growing popularity, most top sportsbook platforms support esports betting and fiat transactions.

What is eSports Crypto Betting?

In eSports crypto betting, the bettors use Bitcoin (BTC) or other cryptocurrencies instead of traditional currencies. The significant difference lies in the transaction information included in the blockchain network. Cryptocurrencies offer a plethora of advantages over real-world currency. And these advantages are one of the primary reasons for the rising popularity of cryptocurrency betting platforms.

Although a relatively new concept, esports crypto betting has witnessed a surge in players and bettors who want to make the most of cryptocurrencies. Owning Bitcoin as a huge investment opportunity and increasing its holdings via esports is one of the ways. All one has to do is select an esport to bet on.

Most popular esports genres and games like League of Legends, DOTA, and Counter-Strike: Global Offensive, among others, offer cryptocurrency bets.

Cryptocurrency eSports Industry

Sports betting is legal and one of the popular forms of gambling. Traditionally, it involves placing bets with bookies or bookmakers. However, it is illegal when the outcome of a game is fixed.

Seeking trusted bookmakers is of utmost importance as it involves money. While this may be true, the same also applies to online sportsbook sites. These sites act as a platform where gamblers interact with bookmakers in some instances.

eSports is a million-dollar industry where many skilled players make a fortune. Thus, attracting professional gamblers, esports enthusiasts, and independent players who enjoy wagering on the outcome of the electronic sporting event.

Many traditional sites are now involving other cryptos as a payment option owing to the popularity of the technology. These other sites also offer regular and bitcoin sports betting options other than esports games.

Why Use Crypto for eSports Betting?

As stated at the beginning of the article, esports crypto betting is growing due to the mainstream applications of Bitcoin and other cryptocurrencies. Many players consider esports a growing industry for making money via video games.

While the crypto esports betting industry is still in its infancy, many investors are considering increasing their cryptocurrency holdings. Using BTC or other cryptocurrencies for betting on esports offers the following advantages.

Transaction speed

The superfast transaction is a significant advantage of using cryptocurrencies like BTC, XRP, etc. The transaction speed varies according to the cryptocurrency and involves verification and confirmation of the transaction.

Typically, both verification and confirmation take approximately 10 minutes. Compared to fiat transactions, crypto transactions are pretty fast as the former takes upto a few hours to days.

Lightning-fast cross-border transactions from anywhere across the globe enable visitors to place bets on significant games of esports worldwide. While Bitcoin is the most widely used popular cryptocurrency, others also have much faster transactional speeds.

Based on the cryptocurrencies supported, players can thus choose an ideal site for super-fast transactions. Speed is an essential element to consider when selecting betting platforms.

Security

Cryptocurrency user accounts are usually protected using the most sophisticated encryption protocols like SSL encryption. Cryptocurrencies offer the utmost transparency due to blockchain networks, and enhanced security is another perk of using them for esports betting.

Sites that provide users to bet with cryptocurrency options also offer better security when compared to fiat currency betting platforms. From the secure registration process to account verification for withdrawals, the user information is secure and protected with enhanced encryption codes.

Anonymity

User anonymity is the primary reason for the rising popularity of cryptocurrencies and blockchain networks. While all the participants can access the transaction information, it isn’t easy to trace the transaction.

The gambling industry is still not widely accepted by many countries. Due to the anonymity of crypto esports betting websites, gambling enthusiasts from such countries can still place esports bets.

Gambling and other anti-money laundering laws differ and are often determined by the visitors’ country of residence. Thus, betting may be legal or illegal, depending on the country.

Most cryptocurrencies are decentralized, meaning they are not governed or controlled by a central authority like financial institutions or countries. Placing bets using cryptos helps when one is unsure about the legality of sports betting in a particular country.

Legality and Regulation Behind eSports Crypto Betting

Legality and regulation are essential criteria to consider in esports crypto betting. It is imperative to understand that every sports betting platform is different; some are regulated and with licensed operators, and some are not.

Cryptocurrencies are mostly not confined to the anti-money laundering laws; it is still necessary for bettors to choose export betting sites with a genuine license and are regulated operators.

Rules and regulations revolving around digital currency also differ and are determined by the local regulations. The same applies to gambling laws, online gaming restrictions, and esports legality.

Visitors must refer to the country restrictions FAQ page of the best Bitcoin esports betting sites or online sportsbooks before getting started with them. Users are responsible for adhering to their respective jurisdictions’ online gaming and gambling laws.

eSports Crypto Betting Vs Traditional eSports Betting

eSports crypto betting differs from regular or traditional eSports betting, and both have their unique sets of advantages and disadvantages. Highlighted below are some of the perks of esports betting with cryptocurrencies.

Financial Privacy

Financial privacy or anonymous payments that are secure is the significant benefit of using cryptocurrencies. Here, a visitor cannot be accountable to bank authorities or government authorities. However, the transactions are visible on the public ledger, making it safe while offering financial freedom to gamers. All payments are made to and from the visitor’s wallet using the wallet address.

Low Fees

Fiat money transfer typically includes additional deposit and withdrawal fees, which is not the case with cryptocurrencies. Most of the sites also offer free deposits and provide an additional bonus for the first few deposits made.

The bonus amount can be used as a bankroll, and if the site does not have any wagering requirement, the player can withdraw it into their wallet. Withdrawal fees may apply for some sites; however, this amount is relatively low.

Traditional betting websites charge a whooping fee for various payments like bank transfers, credit/debit card payments, etc. Also, banks charge high withdrawal and deposit fees for transferring funds into the player’s account. Low fees are thus one of the significant perks of payments made with cryptocurrencies.

Bet From (Almost) Anywhere

Traditional esports betting sites must comply with numerous regulations and license requirements. For this reason, they ban certain countries to avoid additional fees. This is not the case when the site uses cryptocurrencies, enabling these websites to accept players worldwide, with very few countries prohibited from visiting the site.

It is convenient for players to visit gambling sites not confined to their jurisdictions, providing opportunities to place bets on cross-border esporting matches. While this may be true, visitors must comply with the regulations and norms about using cryptocurrencies in their respective jurisdictions.

Better Bonuses and Rewards

Betting sites supporting cryptocurrencies provide a better wide range of bonus options than conventional sites. Players can make the most of these bonus offers that are not limited to a cashback bonus or reload bonus.

Watch Out For No ChargeBacks

Fiat currency transactions are mostly reversible, a major benefit of traditional esports betting. Transactions involving cryptocurrencies are irreversible, as once a transaction is made, it is final, and one cannot opt for a chargeback.

Fiat or traditional sites for betting typically involve third-party payment gateways like banks. While this is one of the cons, cryptocurrencies enable visitors to avoid third-party agencies.

Keep in Mind the Volatility of Cryptocurrencies

Cryptocurrencies are highly volatile, making them hot commodities that may increase or decrease in value. While the former is favorable, it still poses a risk when the value of the tokens drops down, while high volatility is not a likely risk when using traditional betting websites.

Pros and Cons

Pros Cons
It supports a wide range of cryptocurrencies. High volatility and price fluctuations.
Sites are not limited to regulations and other rules. Transactions are irreversible.
Players can place bets on a wide range of eSports matches. Lack of regulations.
Most sites support lightning-fast transactions and cross-border payments.
Low transaction charges

Points to Consider When Choosing Best eSports Betting Site For You

Choosing the best eSports betting sites with crypto can be quite overwhelming. While there are many factors to consider when narrowing down the top eSports crypto betting site, players can never ignore some specific pointers. These considerations will play a major role in delivering the best results enabling a reasonable win rate.

The pointers outlined below will ensure the utmost safety in choosing the best sites and a good betting experience. It will also help players determine whether the site will suit their specific requirements or not.

Restricted Countries

The ability to access esports betting sites is of primary importance. It is a fact that every site has a list of restricted countries where players these countries cannot access the website.

If the players from these restricted countries can still access the site, they can do so as their responsibility. In such instances, players cannot present any disputes or concerns to the operating bodies. Thus, it is vital to visit only those esports betting sites that support the players’ jurisdiction.

The list of countries that are restricted varies from site to site. For complete information, players can refer to the terms and conditions section of the betting site.

During registration, there is the countries option in the application form. Only the countries supported by the betting site reflect in the dropdown options.

Reputation and Trust

Reputation may not be a significant decider as esports cryptocurrency betting is a relatively new concept. However, the trust element cannot be overlooked as it showcases the authenticity of the betting site. A few esports sites have garnered quite a name in a brief span and are known for fairness and reliability. New players can select the Bitcoin esports betting sites based on other user reviews.

Reputation often breeds trust. As stated earlier, the blockchain or distributed ledger technology that backs these esports betting websites is a trustworthy feature as the information is readily accessible by all players. A new player can choose a site based on reputation, which is the product of good customer service.

eSports Available

The eSports industry is gradually growing with popular titles and leagues like DOTA, Counter-Strike: Global Offensive, League of Legends, etc. While this may be true, customers must understand that not all esports crypto betting websites provide esports leagues or titles. Thus, before choosing the esports betting platforms, it is essential to determine whether the platform features the games the customers wish to bet on or not.

VIP Programs and Bonuses

For instance, determining the type of player, like whether the player is a casual bettor or a frequent bettor, will help choose sites with better VIP programs. Opting for platforms offering more suitable VIP programs will certainly help in the long run, irrespective of the frequency of bets placed. It is also important to analyze whether the player can elevate to exceptional VIP levels with popular esports game types.

Another important point to consider is the bonuses on offer. Whether the platform enables the player to wager using the bonus acquired or the freedom to place a bet on esports like DOTA games, for instance, is an important consideration.

The bonus offered also varies and is different for various esports betting platforms. Some sites offer a welcome bonus, and others offer only a deposit bonus. While shortlisting these platforms, make sure to opt for one with both types of these bonuses.

Payout and Withdraw Speeds & Terms

Some platforms offer same-day payouts, while others offer scheduled payouts. Therefore, the withdrawal speed and terms also vary and are related to the type of currency used.

Compared to real-world money, cryptocurrency is processed rather quickly. However, the withdrawals’ speed varies based on the type of crypto coin, whether BTC or XRP or other Altcoins (ALT).

Withdrawing some select tokens takes up to a few seconds; however, others may take even a few working days. In the case of esports betting platforms that also offer cold storage of crypto funds, the withdrawal process may take a longer time.

While storing funds offline or in cold storage enhances safety, it makes it difficult to withdraw funds immediately.

The wagering requirement also may vary; thus, it is important to consider the withdrawal speed in terms of the cryptocurrency one is interested in before choosing a betting platform. A lot of the betting platforms also require the user to raise a request for higher withdrawal amounts by contacting customer care.

For more information about instant deposits and withdrawals, users can refer to the FAQ section of the respective websites.

Customer Service

Some of the popular crypto eSports betting sites offer state-of-the-art customer service. In fact, the trustworthiness and reliability of a site can be gauged by the quality of the customer support team. Right from the time taken to respond and solutions offered are clear indicators of the site’s authenticity.

Most eSports betting sites provide 24/7 live chat support. Some also have phone support along with email support. The trick lies in analyzing the response time. Every player will have to interact with the customer support team at one or another phase.

Whether visitors have questions related to the deposit bonus or withdrawal limits, not all answers are available in the FAQ sections. During such instances, the customer service teams provide the right guidelines. Choosing a popular betting platform based on quality customer care will certainly help in the long term.

Guide to Kickstart eSports Betting Using Crypto

eSports betting with crypto is soon turning out to be as popular or even more so compared to traditional betting. And, adding the element of crypto for placing a bet on well-known games like DOTA also helps in diversifying one’s financial portfolio.

Cryptocurrencies are known for their volatility, which is a double-edged sword where one can double both profits and losses. Needless to say, the pros outweigh the cons where volatility is concerned as it enables visitors to make quick money.

In this guide, we offer tips to maximize winnings while minimizing losses with effective risk management. The end-to-end guide will not only allow visitors to understand how to establish their accounts but will also enable them to make the most of esports betting using cryptocurrencies.

Are You New to eSports Crypto Betting? Here’s How to Get Started

To place a bet on esports, one must first register on the website. Most of the genuine platforms enable players to register with just an email address. Sometimes visitors must verify their registered email address for creating a betting account.

Account verification is also important when making deposits and withdrawals. Once registered with the website, the account holders must fund their accounts. The process is outlined below;

Funding User Account

Every eSports crypto betting site offers a user dashboard in the account section where the user makes deposits and withdrawals. The first step after creating a user account is to fund the account using digital currencies.

Choosing the type of digital currencies, whether BTC or ALT, is important where one can consider speeds of deposits and withdrawals along with the minimum and maximum limits.

Place Your Bets and Enjoy the Games

Once the account is sufficiently funded, including the welcome bonus or deposit bonus, the player can place a bet on any eSporting events of their choice.

To withdraw the welcome bonus offered by a site, the player must first wager it a required number of times that qualify for withdrawals. This is the wagering requirement, which differs from one platform to another.

Withdraw Your Winnings Back to Your Exchange or Wallet

Some of the platforms offer wallets for storing funds. However, players can link their exchange or wallets to their user account for easy transfer of funds. Users can generate new addresses for transferring withdrawals to their e-wallet.

Wallets for storing cryptocurrencies are of different types like a hardware wallet, paper wallet, etc. Certain crypto wallet also allows users to purchase BTC or other cryptocurrencies, which will be discussed in the next section.

Follow the Steps for Every time You Place a Wager

Every site has streamlined the process of funding accounts, placing bets, and making withdrawals. Once the user is accustomed to it, they may either place a bet casually or frequently.

Funding one’s account requires one to purchase cryptocurrencies. And, here’s how to bet using cryptocurrencies like BTC.

How to Bet on eSports Matches Using Crypto?

For using cryptocurrencies to gamble on esports matches, the primary requirement is to buy cryptocurrencies like BTC. Typically, it supports a lot of cryptocurrencies as payment methods.

Purchasing Cryptocurrencies

Exchanges are the safest means of purchasing or exchanging cryptocurrencies via fiat money. Some of the exchanges also have an inbuilt wallet enabling users to store the purchased cryptocurrencies. All deposits and withdrawals can be made to the user’s wallet.

Depositing

Once there are sufficient funds in the wallet, players can transfer the required amount into their user account for playing or placing bets.

Betting Using Crypto on eSports Matches

The general rule of gambling whether it is playing poker is that one must only invest what one is ready to lose. Thus, it is essential to have a bankroll that one is prepared to lose rather than overfunding one’s account.

Readers are advised to note that some of the esports betting platforms also allow users to directly make deposits by purchasing cryptocurrencies using various payment methods like a credit card, debit card, bank transfers, etc.

Withdrawing Crypto

All withdrawals can be made by creating a new wallet address for the safekeeping of funds. As stated earlier, many betting sites with crypto support cold storage of user funds. The inbuilt wallet enables quicker deposits and withdrawals.

It is important to note that, most often for withdrawing funds visitors must opt for the original payment method used for making deposits. For instance, if the visitor used a wallet for deposits, they can withdraw the earnings to the same wallet.

How to Choose eSports and Market?

Whether a professional bettor or casual eSports enthusiast, what truly matters is choosing the right platform for placing bets. Most of the platforms support anonymous transactions where the visitor can log in to their account using their username only.

Look for Reputable eSports Bookies

The type of game that one can bet on and the legalities involved in placing a bet are subject to controversy. While this is true, using cryptocurrencies for anonymous transactions that are yet secure has made crypto popular among bettors. Needless to say, with many online bookies available, choosing a genuine provider is very vital for user safety.

Be Patient When Doing Research

Earlier, we had listed the pointers for choosing the top-rated esports sportsbooks. Consider the odds and bonus on offer. Understanding the different modes of payments supported also helps.

The bottom line is before narrowing down one’s choice; it is important to do thorough research as the visitor’s money is at stake.

Exploit eSports Bonuses

Choosing the ideal site based on the type of bonus offered is quite simple. The bonus earned is one of the means of increasing bankroll and risking money, especially for new gamblers.

Types of Crypto eSports Bets

Bets placed using cryptocurrencies are more often similar to traditional currency bets. They are broadly divided into the following;

Tournament Winner

In this type of bet, bettors wager on the likely tournament winner. It is one of the most common types of bet.

Match Winner

The other type of bet involves predicting the match-winner. Most online bookies offer this type of bet.

Accumulator Bets

Accumulator bets are considered to be safer, however, with lesser value. It involves making four or more selections or predictions.

Prop Bets

Prop bets or proposition betting involves wagering on the occurrence or non-occurrence of events.

Apart from the above-mentioned, there are other types of bets like over/under bet and special bets like overall team score, the first team to lead the scoreboard, etc.

What Is the Future of eSports Crypto Betting?

A lot of speculation was made where many claimed that cryptocurrencies like BTC would fail to create huge losses. Contrary to popular beliefs, these virtual coins have grown in value.

The anonymous use backed by privacy, which makes them secure, has made cryptocurrencies like Bitcoin and Ether viable options for legalizing gambling online, including sportsbooks.

Cryptocurrencies are widely used as a preferred currency for both gaming and gambling. Anonymous transactions and instant deposits and withdrawals have furthered this cause.

Conclusion

Online gambling and its various vertices like esports gambling have evolved over the years with technological advancements, including esports crypto betting. Advanced crypto betting websites enable crypto transactions that are recorded on a digital public ledger.

Some of the online betting websites of crypto are end-to-end crypto. Meaning that every transaction on the sportsbook site or online bookmakers is documented on the public ledger. Thus, enabling gamblers placing bets to access all the transaction data related to esports betting crypto. Crypto sportsbook platforms also are one of the means of increasing one’s crypto holdings.

FAQs

Are eSports Crypto Betting Sites Legal?

eSports crypto betting sites are legal in any jurisdiction or country where gambling in general or online gambling, in particular, is legal. Professional gamblers and independent players from such countries can visit a highly regulated esports platform for gambling on various esports. eSports players can refer to the terms and conditions for country restrictions which may vary as per the betting platform. Players from a gambling-restricted country can still access esports crypto betting websites if the country supports cryptocurrency transactions.

What’s the Best Crypto eSports Betting Site in Your Opinion?

Best esports crypto betting sites have a vast, provably fair esports games library, with titles like League of Legends, Rocket League, esports events, and fighting games like MOBA games, FPS games, Leagues, etc. Such best sites also enable live betting, support fiat currencies, and offer attractive deposit bonuses.

Are eSports Crypto Betting Winnings Taxable?

Winnings from esports crypto betting, or other online games are taxable or non-taxable and are determined by the player’s country of residence. It comes under the ‘income from the other sources’ category if it is taxable. The players’ jurisdiction also determines the taxable amount. Taxable limitations sometimes also apply based on the sportsbook site as well. The licensed and regulated sites often include all information related to betting taxes in their terms and conditions pages.

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