What are bitcoin eSports betting sites?
Exactly what you'd expect: sites that allow you to bet on eSports with bitcoin. eSports is a short name for ‘electronic sports’, and usually involves video gaming. Although it has been around for a long time, eSports has taken off in recent years with many online bookmakers taking bets on their sites. The increasing popularity of bitcoin has led to it being embraced by online gambling, and betting with bitcoin on eSports is becoming more widely available by the day.
How do bitcoin eSports betting sites work?
Just like a regular eSports betting site, the difference is the currency you use. Like normal, you sign up and open an account with your chosen site, but instead of depositing fiat currency (GBP, USD etc.), you deposit bitcoin to bet with. A number of sites only accept bitcoin or other cryptocurrencies, whereas others support both crypto and fiat currencies. Now, many well known bookmakers are starting to incorporate bitcoin payments on their sites because of its popularity in the gambling world.
What eSports can I bet on with my bitcoin?
Any that you’d be able to bet on elsewhere. From Counter Strike: Global Offensive, to League of Legends, from FIFA to Call of Duty, you can bet on just about any eSports with bitcoin. Here’s a small selection of some of the most popular:
CS:GO is one of the most popular first-person shooter games in the world of eSports. It involves two teams: terrorists and counter-terrorists, and each team have an objective. The round ends when members of the opposing team are eliminated or when the objective is achieved.
Dota 2 is an arena-type battle game in which you play as a fantasy hero in a team of 5 to try and destroy the opposing team’s base while protecting your own.
Another favourite in the eSports world, League of Legends is a multiplayer arena game in which players control a character known as a ‘champion.’ To win, one must destroy the opposing team’s building.
The most popular football video game has also made inroads into the world of eSports betting. Anything you can bet on relating to a regular football match is available in this digital version of the beautiful game.
CoD is one of the most widely played first-person shooter games. Developed and published by Activision, there are eSports betting markets for pretty much every game in the long running series.
World of Tanks is a multiplayer combat game in which players fight with (you guessed it) tanks. The game is won by destroying all the opposing team’s tanks or by capturing their base.
Find betting bonus codes and free bets
Like regular sites, many bitcoin eSports betting platforms offer bonuses to attract new users and keep the loyalty of existing customers. The most common offer is deposit matching when you sign up to a site, which usually ranges from 50% - 200% of the amount you deposit.
Is depositing and withdrawing faster with Bitcoin eSports betting?
Absolutely. One of the best things about bitcoin eSports betting is that deposits and withdrawals are processed almost instantly. However, it is possible that if you are withdrawing a large amount at once there will be a delay in payment, but not usually more than a day so it’s still quicker than most regular betting sites.
Are there limits on Bitcoin eSports betting sites?
Some do have limits; others don’t. Here’s what to expect:
- Betting limits: The minimum and maximum amount you can bet will depend on the site and the sport on which you’re betting. It’s common for the minimum bet to be very small (around 0.0001BTC) and for the maximum to be in the region of 1BTC.
- Deposit limits: The deposit limit vary from one site to another. Usually, the minimum is around 0.001BTC, with no maximum set.
- Withdrawal limits: Usually Bitcoin eSports betting sites will have no withdrawal limit.
What are the transaction fees for withdrawals and deposits?
Mostly, there are none at all. If sites charge transaction fees at all, it’s usually only the miners’ fees for verifying the blockchain, which is usually below £2 worth of bitcoin.
Is Bitcoin eSports betting available on my mobile phone?
It’s not very common to find eSport betting websites running on apps, but there a few that do. Most of the platforms, however, have made their sites to be mobile-friendly, allowing users access through their smartphones and tablets. Nitrogensports.eu is one such site, and in fact Nitrogen users were warned last September about a fake app having appeared on the Google Play store trying to steal account details.
Is betting with bitcoin legal?
Frankly, this depends on your location. In the UK, betting with bitcoin is legal. Because of the anonymous nature of bitcoin transactions, regulation is complicated with bitcoin betting. A particular issue is that underage users can take advantage of the anonymity of bitcoin to engage in gambling.
What are the risks of betting on Esports with bitcoin?
It’s up to you. If you want to gamble on eSports with anonymity, low fees, and fast transactions, then betting with bitcoin is a great option.
How do I get started?
This is the easy part. All you need to do is compare the platforms in our table and reviews and select one that suits your needs. You can register an account, deposit your bitcoins and begin betting right away.
Some of the frequent questions you and others around the web asked.