Benefits of Crypto Esports Betting
As the world becomes increasingly digitized, the use of cryptocurrency for online betting has grown in popularity. Crypto esports betting, in particular, has several advantages that make it likely to become the future of online betting.
- Speed and convenience
- Increased security and privacy for transactions
- Transparency and fairness in the betting process.
- Greater accessibility to those without access to traditional banking methods
Speed and Convenience
The speed and convenience of crypto esports betting is another advantage. Cryptocurrency transactions are typically much faster than traditional methods, allowing for more efficient and timely betting. The use of cryptocurrency also enables cross-border transactions without the need for exchange rates or other fees, making it easier for individuals in different countries to participate in esports betting.
Security and Privacy
Crypto esports betting provides increased security and privacy for transactions. Strong encryption secures these transactions, making them much less vulnerable to hacking and fraud than traditional methods of payment. In addition, the use of cryptocurrency allows for greater privacy because transactions are not linked to personal information. This feature is especially appealing to those who value their privacy or live in countries where traditional online betting is not legal.
Finally, crypto esports betting promotes transparency and fairness in the betting process. Transactions can be made without the need for traditional banking methods through the use of cryptocurrency, increasing accessibility to a wider range of individuals. This added transparency helps to ensure that the betting process is fair and unbiased.
Crypto esports betting offers greater accessibility to those without access to traditional banking methods. Many individuals, particularly in certain countries, do not have access to credit or debit cards, making it difficult for them to participate in online betting. Cryptocurrency enables individuals to make transactions without the need for traditional banking methods, increasing accessibility.
At 22bet, you can choose from a wide range of esports games, including Counter-Strike: Global Offensive, Dota 2, League of Legends, Arena of Valor, and Starcraft 2. They offer several betting types, including:
- Live betting: Players can place bets on ongoing matches in real-time, adding an extra level of excitement and engagement to the betting experience.
- Pre-match betting: Players can place bets on matches that have not yet started.
- Tournaments and leagues: 1xBit offers betting options for major tournaments and leagues, as well as smaller, local events and amateur matches.
22bet also allows for live betting and in-play betting on all esports games. You can make new bets or change your existing bets while games are live, and you have the option to cash out your bets during a game for a reduced payout.
1xBit has a large selection of esports games to bet on, with a total of 182 betting markets available for popular titles like Starcraft II, CS:GO, League of Legends, Call of Duty, and more. Some of the markets available for esports betting on 1xBit include:
- Moneyline bets: Players can place bets on which team or player they think will win a match.
- Handicap bets: Players can bet on a team or player with a “handicap” applied to their score, increasing the odds and potential payout of the bet.
- Special bets: 1xBit offers a wide range of special bets on specific events within a match, such as the first team to get a certain number of kills or the player to score the most points.
The platform offers a new esports bonus every day and displays promotions in an in-built calendar for players to easily track. 1xBit also has a bonus store where players can purchase promo codes.
Evaluating the Best Esports Crypto Betting Sites
Esports crypto betting sites offer a convenient and secure way to place bets on your favorite games. A player should consider a variety of different factors when determining the best sites. These factors range from the variety of different betting markets to any potential bonuses and promotions. By taking these factors into account, you can find an esports crypto betting site that meets your needs and offers a fun and secure betting experience.
The competitiveness of the odds offered is an important factor to consider when reviewing crypto esports betting websites. Unfavorable odds can give the casino a significant advantage over the player. 1xBit is known for offering some of the best esports betting odds in the market.
- For example, on an even money market like ’rounds winner’, 1xBit offers odds of 1.9 on both teams.
The Betting Markets
Firstly, players should check which esports games the site supports. Some popular titles include Counter-Strike: Global Offensive, League of Legends, Fortnite, Dota 2, Overwatch, Rocket League, and Call of Duty.
Players should also examine the available betting markets for each game. For example, 22Bet typically offers hundreds of betting markets for each supported esports game.
Bonuses & Promotions
Players should take advantage of all available esports bonuses in the market, but only if the terms and conditions are favorable. To ensure a smooth withdrawal process, players should carefully review the wagering requirements before accepting any bonus offers.
- 22Bet offers a 100% bonus up to the amount of €122 + 22 Bet Points.
- 1xBit offers a welcome bonus of up to 7 BTC spread across four deposits.1xBit offers a staggering 7 BTC or its equivalent cryptocurrencies in a 4-tier deposit.
Deposit and Withdrawal Methods
The best crypto esports betting sites offer fast deposits and withdrawals. Esports crypto betting sites normally automate their payment process to provide a secure experience for players. Players can make deposits by transferring funds from their crypto wallet to the betting site’s wallet, similar to funding a crypto exchange account. This wallet-to-wallet payment process is convenient and helps protect players’ funds.
In terms of withdrawals, 22Bet typically approves cashout requests in about five minutes. It is also important for players to check if any fees apply for deposits and withdrawals at the chosen site. Most of the esports betting sites that we reviewed do not charge fees for deposits or withdrawals.
Crypto Esports Payment Methods
Esports betting sites often accept a range of cryptocurrencies for deposits and withdrawals. These typically include Bitcoin, Ethereum, Dogecoin, Litecoin, and Tether. However, the specific cryptocurrencies accepted can vary from one provider to another.
Bitcoin is often accepted by esports betting sites. In most cases, the deposits are processed after one blockchain confirmation, which usually takes around 10-15 minutes. Once the funds are available, players can start betting on esports with Bitcoin in real time. On average, Bitcoin mining fees cost around $1-2.
Litecoin is a suitable choice for betting on esports due to its fast-processing times and low transaction fees for deposits and withdrawals.
Ethereum is widely accepted by esports betting sites as a means of deposit and withdrawal. Just like with Bitcoin, deposits are usually processed after one blockchain confirmation, which takes about 10-15 minutes. However, due to high transaction fees on the Ethereum network, it may be more costly to use Ethereum for betting on esports compared to other cryptocurrencies.
Tether is accepted at top crypto esports betting sites like 22Bet and 1xBit. When withdrawing Tether from 22Bet, it usually takes about five minutes for the tokens to appear in the player’s wallet.
Conclusion on Esports Crypto Betting
Overall, the combination of the increasing mainstream adoption of cryptocurrency, the numerous benefits of crypto esports betting, and the growing popularity of esports make it likely that crypto esports betting will be the future of online betting.