The relentless advance of technology has led to some truly remarkable innovations. Bitcoin, the first and still most widely used cryptocurrency, claims to be the fastest and most reliable payment system in the world and a good future investment.
Esports, on the other hand, encompass a wide variety of competitive online multi-player games that are followed and loved by millions across the world.
Bitcoin esports betting is more than the sum of its parts since it combines two technological marvels, namely Bitcoin and esports betting. Learn all you need to know about the growing popularity of betting on esports using Bitcoin, including where to find the top Bitcoin esports betting sites, how to make Bitcoin deposits and withdrawals, and why so many people are making this choice.
Online Sportsbooks That Accept Bitcoin in 2023
If you can’t wait to start, the best place to begin is here. Our expert reviewers have researched and tested a curated selection of the finest Bitcoin esports betting sites available today. See below for the best Bitcoin esports betting sites of 2023:
Stake Stake is a multilingual online casino and sports betting service with over 4,000 slot machines, 30 traditional sports and esports, and a live dealer casino. Bets on eSports events like League of Legends, CS:GO, Rocket League, and StarCraft are popular among fans of the latter genre.
The daily races and weekly giveaways are only two examples of the many special bonuses and promotions that are available, with even more rewards available through the organized VIP program. Ether, Litecoin, Dogecoin, Ripple, and other cryptocurrencies in addition to Bitcoin are accepted.
Check out our full review of Stake here.
Kineko
Kineko, like many other famous sites, caters to crypto esports betting enthusiasts by providing opportunities to wager on a variety of esports, such as Call of Duty, League of Legends, Dota 2, and CS:GO, as well as at its associated casino and sportsbook. Kineko advertises itself as a location to try your luck with cryptocurrency due to its distinct personality.
The current welcome bonus on the site is 100% up to €150 (or currency equivalent). The site’s player-shares system, in which all members get to split a percentage of the site’s monthly income, has attracted a lot of attention. Using Kineko’s crypto currencies, KKO, also comes with other bonuses.
Here is my review of the Kineko casino.
Jack of Fortune
Fortune Jack, which has been around since 2016, is well-known among those who wager on esports thanks to its extensive library of esports (including Overwatch, League of Legends, Call of Duty, and CS:GO), 1,500+ casino games, and 30+ world sports.
Fortune Players are attracted to Jack’s welcome gift, which may be worth up to 6 BTC, and stick around for the wager-free cashback and other loyalty bonuses offered each month.
Check out our full review of Fortune Jack here!
20Bet
20Bet, an online gambling platform that quickly gained popularity after its 2019 launch, is another great option for Bitcoin gamblers. Soccer, basketball, Defense of the Ancients 2, Starcraft, League of Legends, and Counter-Strike: Global Offensive are just some of the eSports you may play here.
A VIP program tailored to sports betting will reward regular customers with exclusive benefits, starting with a welcome bonus of 100% up to $150.
GG.bet
GG.bet is a popular multilingual esports betting platform that covers a wide variety of games and tournaments, including League of Legends, Rainbow Six, FIFA, NBA, DotA 2, Overwatch, and CS:GO.
At GG.bet, your wagering is bolstered with a number of free bet boosters, bonuses, and cashback offers. Over 2,500 casino games are also available for your amusement. Although Bitcoin itself is not accepted, deposits can be made via Bitcoin wallets that facilitate conversion to acceptable currencies.
Check out our verdict on GGBet.
A BitCoin Primer
Bitcoin, the first and most well-known cryptocurrency, is a decentralized digital currency that works apart from traditional banking systems. The anonymous Satoshi Nakamoto team released Bitcoin and the blockchain technology it runs on in 2009.
Bitcoin is a digital currency that uses cryptography and blockchain technology to ensure its transactions are private and untraceable, making it an appealing investment option despite its volatility.
Despite widespread skepticism, Bitcoin has been adopted by governments across the globe; El Salvador and the Central African Republic are among those that now recognize Bitcoin as legal cash.
About eSports Betting Electronic sports (eSports) refer to competitions between teams from all over the world to identify the best at online multiplayer games, with a lot of money at stake in many situations.
Sponsors and spectators alike are becoming interested in esports, and many nations’ major cities have reaped economic benefits from playing home to international competitions.
Esports come in many forms, including video games that simulate real-world sports (like FIFA and NBA), first-person shooters (like Overwatch and Counter-Strike: Global Offensive), real-time strategy (RTS) games (like StarCraft and WarCraft III), and MMOBAs (like League of Legends and Dota 2) for multiple players.
Esports betting has emerged as a result of the massive growth in popularity of competitive video gaming, which has attracted millions of viewers to tournaments. Bets on esports can now be placed at a broad variety of sites.
Bitcoin’s benefits for online sports betting
Although traditional fiat currencies such as the US dollar, Canadian dollar, British pound, or Euro can be used to place wagers on esports, the use of cryptocurrencies, and notably Bitcoin, is on the rise.
There are several reasons for this, but three of the more important ones are listed here.
Speed
Unlike deposits and withdrawals in conventional fiat currency, which can take anywhere from a few hours to several days to execute, Bitcoin transactions are typically completed quickly or, at the very most, within 10 minutes.
The instantaneous nature of esports tournaments makes Bitcoin a natural choice for those who make their career off of betting on the outcome of games.
Security
Bitcoin is not less safe than traditional currencies because it was not built on the same trust-based framework as today’s banks and financial institutions. Bitcoin transactions, on the other hand, are backed by the unhackable blockchain technology and are therefore incredibly safe.
Bitcoin transactions are grouped together in “blocks,” checked for validity, and added to the blockchain with the use of secure cryptographic algorithms. A transaction cannot be hacked or altered at any stage, making this a foolproof method for wagering on esports.
Anonymity
Because Bitcoin transactions are encrypted, no personally identifiable information about the casino is shared during the transaction. Because of this, esports bettors who value their anonymity can benefit greatly from using Bitcoin.
Using Bitcoin can help make esports betting legal in areas where it is now prohibited. Before you start betting Bitcoins on esports, you should research the legality of doing so in your area.
Bitcoin Depositing
You’ll need a Bitcoin wallet and an esports betting account to get started betting on esports using Bitcoin.
Bitcoin wallets can take several shapes and sizes. While many people choose to retain their Bitcoin in the exchange wallet from whence they bought it, others opt to store their crypto currency in a hot or cold wallet.
Keep your private key secure regardless of the method you use. If you lose this, you will permanently lose access to all of your Bitcoins because there is no way to replace it.
You’ll want a Bitcoin gambling site once you’ve stocked your wallet. If you’re looking for the greatest esports betting experience, choose one of the sites we’ve evaluated here. Simply enter your information into the form provided on the site of your choosing to get started.
Depositing Bitcoin at an esports betting platform is quick and easy:
Join an esports betting site, then sign in to your account there.
The cashier can be accessed by clicking the deposit button.
Bitcoin should be your payment option of choice.
Scan the QR code or write down the wallet address provided by the esports betting website.
From your Bitcoin wallet, send the desired amount to this address and confirm the transaction by clicking the button. Your esports betting account balance will update instantly.
In many circumstances, Bitcoin will be automatically converted into one of the site’s accepted currencies. There are, however, esports betting sites that accept Bitcoin wagers directly.
Bitcoin Gambling on Electronic Sports
You can begin placing wagers on your preferred esports as soon as you fund your new esports betting account with Bitcoin.
eSports content can typically be found in the site’s sports section, while some sites may dedicate an entire page to the genre. The numerous electronic sports will be listed, typically on the page’s left side. To view all games and betting markets for a certain event, click on the event you’re interested in betting on.
Simply clicking on a wager of your choosing will add it to your wager slip. After that, enter your wager and click the bet button to make your wager official.
Bitcoin Withdrawal
If you’ve been betting on esports and have a winning streak, you might be wondering how to withdraw your Bitcoin prize. To withdraw Bitcoin, follow these steps:
To bet on esports, you must first be logged into your account.
To make a withdrawal, please go to the cashier.
To withdraw Bitcoins, simply enter your Bitcoin wallet address and a withdrawal amount.
Make your withdrawal by clicking here.
Your Bitcoin withdrawal should hit your wallet shortly after the esports betting site approves it, but this may take a little longer depending on the network.
Local Currency
You can wager on esports using the site’s cryptocurrency in addition to traditional money, Bitcoin, and other cryptocurrencies.
Similarly to how several sites have developed their own unique NFTs, many gaming sites have developed their own unique coin. Kineko is one such website; their KKO coins are the backbone of their rewards program, and coin holders receive a monthly cashback bonus.
Additional Applications of Cryptocurrencies
The entertainment options for coin holders extend far beyond eSports betting. Many of the top online casinos and traditional sportsbooks now accept Bitcoin as a payment option, and you can use your coins to place bets and play games on these sites.
These sites have many advantages, one of the most notable being the availability of new game collections that leverage the immutable and secure nature of the blockchain. Because all game outcomes can be independently verified by any player at any moment, we refer to these games as “provably fair.” That demonstrates there was no manipulation between the time you placed your wager and when the outcome was decided.
The Legitimacy of Cryptocurrency-Based Online Gambling on Electronic Sports
Since Bitcoin and other cryptocurrencies are still relatively new, the legislation governing them is also in their infancy. The same holds true, if to a lesser extent, for esports betting. It can be difficult to ascertain whether or not Bitcoin esports betting is sanctioned in your country.
If you’re not sure what the law in your area says about Bitcoin and other cryptocurrencies and about gambling in general, it’s smart to consult an attorney. Bitcoin esports betting is unlikely to be allowed in countries where these activities are illegal.
Closing Remarks
Betting on esports with Bitcoin is a step forward for both the gaming and cryptocurrency industries. Millions of people across the world are taking advantage of the tremendous entertainment opportunity presented by the combination of the most widely used cryptocurrency in the world with the chance to wager on the most talked-about esports.
If you’re interested in trying out Bitcoin esports betting, you should educate yourself on both Bitcoin and esports betting to avoid any unpleasant surprises. You can trust the recommended esports betting sites included on this page since they have been thoroughly vetted.
FAQs
Curious about eSports betting using Bitcoin? Take some time to read over our Frequently Asked Questions.
Can you use Bitcoin to wager on eSports?
You certainly can! You can use Bitcoin to make deposits at several esports betting sites, allowing you to wager on games like Call of Duty, Overwatch, CS:GO, League of Legends, Dota 2, FIFA, NBA, and many more.
How can I find the best Bitcoin esports betting sites?
Further up the page, you’ll find a list of the best Bitcoin esports betting sites for 2023.
Is Bitcoin gambling available anywhere else?
More and more online casinos are accepting Bitcoin as a means of payment for a growing selection of slots, table games, and live dealer games created by industry giants.