What is eSports crypto betting?

<p>As the name suggests, eSports crypto betting is eSports betting where you’ll wager bets with various cryptocurrencies such as Bitcoin.</p>

The Best Bitcoin eSports Betting Sites in 2024 UK

Q: Can you legally bet on eSports?

<p>Yes &#8211; in many countries around the world it&#8217;s completely legal to bet on eSports, as long as you&#8217;re of legal age. However, it would be prudent to do some research and learn whether eSports betting is legal in the particular country or state where you reside before pursuing this activity.</p>

Author: Emily Campbell
Written: 12.07.2023
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Esports is growing to be an increasingly important part of the video-game industry – which is where the best Bitcoin eSports betting sites come into play. More and more people are getting captivated by eSports games. As is the case with any other sport – there’s sports betting in the eSports sector, too. The number of eSports betting platforms – especially eSports Bitcoin betting sites – is growing at a very quick pace. With this in mind, we’ve decided to create a list of the best Bitcoin eSports betting sites that you can peruse on the internet. If you’re interested, then feel free to read the rest of our review on the subject below.

Top 5 Online Sports Betting Sites

All casinos accept players from United Kingdom

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Best Cryptocurrency eSports Betting Sites in UK – What you Need to Know

As mentioned in the introductory section, eSports crypto betting sites are on the rise. The two distinct fields of cryptocurrency and eSports betting are getting increasingly connected with one another. More and more fans of eSports online betting start to use cryptocurrencies to make Bitcoin deposits and withdrawals.

Of course, among the eSports cryptocurrency transactions, the most popular option is Bitcoin. Estimates show that 6% of all fans of eSports betting sites own Bitcoin. This percentage is, of course, slated to grow both in the near and distant future. This means that BTC eSports is a budding market with huge potential. Also, there are hundreds, if not thousands of eSports sites that feature betting with Bitcoin. Their number is also slated to grow, as an ever more important part of the online gambling industry.

Pros & Cons of Crypto eSports Betting

Pros:

You’ll be completely anonymous when making transactions in the eSports crypto world.
More and more crypto eSports betting sites go online. This means that you won’t find it at all hard to find an eSports crypto betting platform.
There are no processing fees, and both deposits and withdrawals are instantaneous.
Bitcoin deposits and withdrawals are very simple and easy to make – and they are also very secure.
All popular videogame (eSports) titles are available to bet on the crypto betting platforms, including Counter Strike: Global Offensive, Rocket League, League of Legends, and popular sports games, as well.

Cons:

While the number of crypto eSports betting online platforms is growing, Bitcoin is still not considered to be a mainstream payment method. It’s a lot easier to find traditional eSports betting sites as opposed to finding a crypto eSports betting site.
Since crypto transactions are largely unregulated, it means that sometimes shady eSports betting sites are allowed to operate and potentially scam people. Luckily, if you bet on legit online betting sites, you’ll experience no such problems.
There are no third-party resolution services that you can enlist in solving a dispute.

Your Top Bitcoin eSports Site: Factors to Consider

If you enjoy eSports betting, then you’ll want to find the best eSports betting site on the internet. This may seem easier said than done; however, if you follow our advice, you’ll easily make the right choice. That being said, a key factor to consider when selecting where to place eSports bets is the operator’s legitimacy. You’ll need to see whether the operator is licensed to operate an eSports betting platform.
Also, you will need to see what other people are saying about the site in question. If the majority of people share an opinion that they enjoy a problem-free eSports gambling experience at the site, then chances are that it’s legit. If this is not the case – then your best bet is to look elsewhere.
You’ll need to see the list of available eSports betting markets, too. A quality eSports betting operators needs to feature popular eSports like League of Legends, CS: GO, Dota 2, and others. This will give you a fun playground on the crypto eSports betting websites.Make sure that popular eSports leagues and major tournaments in the eSports betting world are covered by the eSports betting online platforms of your choice.
The best crypto eSports betting site also needs to offer the best odds for punters. This means that you’ll be able to make more money on average. There are free comparison tools that you can use to make an assessment.

By combining all the factors above, you’ll be able to find the perfect crypto-focused bookmaker where you can wager bets on eSports.

eSports Bitcoin Betting vs Traditional eSports Betting

Crypto Betting	Traditional Betting
You can only make crypto payments	You can use credit/debit cards, e-wallets, etc.
Highly volatile currencies	More stable currencies
No third-party resolution resolution services	Existing third-party resolution services
Big bonus offers and promotions	Limited bonus offers and promotions
Maintain full anonymity	You’ll have to go through the KYC process and share personal data

How to Start Playing at Best Bitcoin eSports Betting Sites

To play on Bitcoin betting sites, you’ll need to follow the simple steps that we have outlined for you below:

Visit the official website of the sports betting platform of your choice.
Create an account by hitting the sign up or register button.
Write the details that are required during the registration process, such as name, address, email, etc.
Log into your betting account and visit the cashier page – then deposit Bitcoin.
Look through the available eSports markets and decide where to place a bet.

That’s pretty much it. Once you go through the steps above, you will have successfully made your first bet on the eSports crypto betting site of your choice.

Crypto eSports Bettings Sites Explained

While there are some big differences between crypto and traditional betting sites, the fact is that there are many more similarities. That being said, below you’ll find brief explanations on various types of crypto eSports betting websites.

Ethereum eSports betting. As the name suggests, Ethereum sites feature payments with Ethereum. This is one of the most popular cryptocurrencies, apart from Bitcoin. Ethereum is a platform that’s blockchain-based.It’s also decentralized and open-source.
Tether eSports betting. Tether is a stablecoin. It’s a cryptocurrency that’s made to pursue a steady valuation. Tether is tied with real-world assets, such as GPB – they have an anchored price and are much less volatile, by definition.
Litecoin eSports betting. Litecoin is another decentralized, open-source, peer-to-peer cryptocurrency that you can use to finance your eSports betting account. This crypto features near-zero costs of use.
Ripple eSports betting. Ripple coin is a leading solution for businesses around the world. Its market cap is also steadily growing and it’s becoming a very popular cryptocurrency in and of itself.
Solana eSports betting. Solana is known as a very fast blockchain – in fact, it’s the fastest blockchain in existence. It’s one of the fastest growing ecosystems in the world of cryptocurrencies.

Other Types of Crypto eSports Betting Sites

Dogecoin eSports betting;
Binance coin eSports betting;
EOS eSports betting;
Bitcoin cash eSports betting;
XRP eSports betting.

Tips to Play at Best Bitcoin eSports Betting Sites

If you want to improve your Bitcoin eSports betting experience, then you can follow some of the tips below:

Make sure to use the promotions on sites that accept Bitcoin. The crypto betting eSports industry is known for the generosity of the bonuses. You can get big sums of money to play with for free.
Always make sure to play at a legit site. Make sure that the crypto site is licensed and well-reviewed by independent testing authorities.
Make note of the inherent volatility of most cryptocurrencies. Also, be mindful of the existence of more stable coins such as Tether – that are tied to traditional currencies such as GPB.
Find the sites with the most competitive odds. This one is self-explanatory, and it means that you’ll get the biggest bang for your buck.
Make sure that the site of your choice features as many varied eSports betting markets as possible.

By following the tips above, you’ll get to significantly enhance and improve your eSports betting with Bitcoin.

References

Gamblineers. Analysis of the eSports crypto betting market.
Ren & Heinrich. Another eSports crypto betting analysis.
Investing.com. Information on the tendencies of various cryptocurrencies.
Business Research Insights. Info on the eSports betting market size.
Responsible Gaming. Gambling and videogames.

Conclusion

You can now feel comfortable in having learned the most important information about eSports Bitcoin betting. You know that eSports games are getting more and more popular – and so too is the entire eSports betting market. Bitcoin is the most popular cryptocurrency in eSports betting, but there are other popular cryptos, too. Make sure that you play on the best Bitcoin eSports betting sites – and you’ll have a fantastic time betting on your favorite markets.

FAQs

As the name suggests, eSports crypto betting is eSports betting where you’ll wager bets with various cryptocurrencies such as Bitcoin.

The most popular eSports betting websites are safe and secure to use. The fact is that there are some rotten apples, especially once you consider that crypto payments are largely unregulated. However, if you find licensed operators, you’ll have a safe and fun betting experience.

Yes – in many countries around the world it’s completely legal to bet on eSports, as long as you’re of legal age. However, it would be prudent to do some research and learn whether eSports betting is legal in the particular country or state where you reside before pursuing this activity.

Since crypto payments are unregulated by a central authority, it means that you won’t have to pay any taxes by playing on the best Bitcoin eSports betting sites. However, you may need to pay some fees and taxes when converting your crypto assets to regular assets.

About the author

Chief Editor Emily Campbell

Emily Campbell (professional name) is our go-to person, and she has served as our Chief Editor since 2018. Educated at Newcastle University, Emily has worked in the marketing industry across the UK, helping various companies to gain traction and to build up quality, value-driven information aimed at readers.