Bitcoin is one of the safest payment methods you can use to bet on your esports games. It is a type of cryptocurrency wallet that millions of users opt to use for betting. Unlike other payment methods, bitcoin has no physical presence and only exists on the internet. You will find particular software clients acting like virtual wallets that you will use to send and receive BTC. You can store your bitcoin on these virtual wallets then deposit them into an online esports site for betting. Some of the best BTC wallets are Armory, Breadwallet, Bitcoin Core, and Electrum. A ‘blockchain’ is a public ledger managing and recording all BTC transactions. With bitcoin esports betting, you do not have to use credit cards or debit cards to make payments. It is because BTC is more efficient and reliable than any other payment method.
Benefits Of Bitcoin For Esports Betting
The following are some of the reasons why esports betting on bitcoin has become very popular.
Transaction Speed
Other payment methods, such as credit and debit cards, take hours to complete the withdrawal process. Bank transfers can even take days to process your winnings. Most people feel frustrated waiting this long to withdraw their winnings. The best payment method to use for esports betting is the use of bitcoin. It does not have rigorous screening processes. Therefore it can take around 10 minutes to complete your withdrawal process. It is one of the fastest ways to withdraw your winnings.
Security
Safety is one of the vital factors you should consider during selecting the payment method you want to use. Suppose you want maximum protection on your payments, bet on bitcoin. It is one of the safest payment methods to make a transaction in online betting. There are no risks of fraud or double spending when making a transaction using bitcoin. There are no third-parties involved when using bitcoin to make transactions since BTC transactions are ‘peer-peer.’ In bitcoin betting, you can track all your payments since the public ledger records all transactions made. It ensures maximum security to all users betting on bitcoin.
Anonymity
In other, payment methods you should provide your details, thus making you known in public. One of the reasons why the use of BTC has become common in esports betting is the advantage of anonymity. BTC transactions are anonymous in bookies since you do not have to provide your personal information.
How To Bet On Bitcoin In Esports Games
For the newbie, bitcoin betting might sound hard to them, yet it is simple and straightforward. If you want to bet on bitcoin, follow the following guide.
Purchasing Bitcoin
The first thing you will do before purchasing is choosing a wallet that can receive it for fiat currency. Having a wallet is essential because it prevents hacking since you have your private key. There are different wallets you can choose to store your bitcoin. The newbie, should consider downloading a ‘light client.’ You should ensure that you secure your BTC after downloading the wallet that you will use. You will secure your bitcoin by backing up your private keys. Once you have a secure wallet, you can purchase your bitcoin from any exchange, depending on your location. If you want to be anonymous, you can buy them through localbitcoin.com. Once you have purchased your BTC, you can now send it to your wallet address.
Depositing Bitcoin
After purchasing, the next thing to do is depositing it to any of the bookies. Before making deposits, you should first look for an esports site that allows bitcoin betting. Once you find an appropriate website, it will give you a BTC deposit address to send your funds. The time taken for a transaction to be complete depends on the size that you deposit. It takes anywhere from 10 minutes to finish the process.
Betting Bitcoin On Esports Matches
Once you have deposit funds to your account, you can now select the matches you want to bet on. Betting using bitcoin is not a hard task. After depositing your BTC to an esports betting site of your choice, it will turn the funds into fiat currency. The purpose of this conversion is to make bitcoin betting more user-friendly. For example, a fund reading 0.01BTC will read $10 bet, which is intuitive.
Withdrawing Bitcoin
Once you win your bets, you should find an appropriate method to make your withdrawals. The most appropriate way is by use of BTC. Withdrawing them out of an esports betting site is often seamless due to the lack of AML or KYC checks. Processing your withdrawals will not take much of your time. You can copy and paste your wallet address to a ‘blockchain’ to monitor your transactions.
Best Esports Betting Sites For Bitcoin Betting
The following are some of the best sites for BTC betting on esports games.
Betonline.Com
The site is an online betting site with dedicated esports betting markets with extensive wagering options. The website has made strides to ensure it has a design that is both functional and aesthetically pleasing. Accessing anything on the site is easy and super-fast. It has neatly categorized all the betting markets on the main horizontal bar at the homepage’s top. The site provides an app to its players that they can download on their android and iOs devices. It has made them access the site directly without browsing, thus saving time and money. It heavily focuses on esports betting on significant titles. It also provides esports leagues and tournaments to its players. The good thing about Betonline.com is it provides users with a wide range of different bets. You can bet on match winner, handicap, map winner, first blood, etc.
The website has also done a fantastic job of providing users with unique features. It provides players with an option to change the display of odds. You can change them to Decimal, American, Fractional, or Hong Kong. There is also a search filter allowing you to locate matches using your favorite professional teams. One of the best features the website provides is the use of high-quality Twitch live streams. It will enable users to live stream for free and watch live events. It helps those who love live betting to know how they will place their bets. You can be sure that you will not get bored in Betonline.com.
The website has ensured it provides its members with an extensive range of payment methods for depositing and withdrawing. Unlike other betting sites, it allows its players to bet with bitcoin. It is one of the fastest ways to withdraw your winnings. The good thing about Betonline.com is it does not provide a limit to the number of times you can withdraw.
Nitrogen.Com
The vast selection of esports betting markets has made Nitrogen.com be one of the most popular bitcoin bookies. Its launching was in 2012, and since then, it has grown to be a one of a kind betting site. Nitrogen.com has no permanent welcome bonus like other sites. You may be thinking that it cannot entice a new customer to join the site due to a lack of welcome bonuses. However, it relies on its reputation on being a specialist when it comes to using BTC. It provides high betting limits to its users to compensate for the lack of permanent welcome offers. Active members who are keen on the site’s blog section will find free bets to bet on several esports games. The good thing about the free bets is that it won’t affect your account balance when pacing a free wager.
The good thing about Nitrogen.com is it provides users with the esports market and real sports markets. All the betting markets come with a wide range of betting options to choose from. When it comes to payment methods, Nitrogen.com specializes only in bitcoin. It provides users with BTC as their only form of payment for their deposit and withdrawals. Before you bet, you must first create your bitcoin wallet for making deposits. Once you have a trusted BTC wallet, you will link it with your Nitrogen.com account and fund your account. What makes the site to be outstanding is the speed of its transfers. The use of bitcoin has made transfers to be instant; hence you won’t waste time withdrawing your winnings. If you are a fun of bitcoin esports betting, then Nitrogen.com is the best esports betting site to use.
Bitcoin esports betting has dominated the betting industry for a while now. Most people choose bitcoin betting due to its many benefits. Try the above bitcoin esports betting sites and make your BTC betting experience unforgettable.
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