The advent of cryptocurrencies shook the online gambling industry, even before it began playing a destructive role in the fintech niche. That’s because online casinos and bookmakers were quick to embrace digital money, as a solution for providing players with a convenient and private way to gamble.
Crypto esports betting has gained a lot of traction over the last couple of years and there are now dozens of gaming operators offering this possibility. Major players in the esports betting industry, such as GG.bet have also adopted crypto betting, in conjunction with traditional currency gambling.
Top Esportsbooks accepting Crypto Payments
Online gamers are known for being open-minded and willing to try new technologies, especially when they show great promise, such as cryptocurrency betting. The vast majority only uses digital money for gaming purposes, but others have expanded their horizon and regard Bitcoin as an investment.
Many are already familiar with the concept of cryptocurrencies, as they can easily draw parallels with the virtual currency used in games. Fortnite betting fans use v-Bucks routinely when playing that game, while GTA V enthusiasts know how the Sharks virtual currency is being generated and used.
Exclusive Crypto Betting vs Mixed Currency Betting
The surging popularity of Bitcoin and other types of digital money led to a flurry of crypto betting sites. Initially, most bookmakers added cryptocurrencies to their list of accepted payment methods, next to traditional money.
Gradually, some sportsbooks and casinos such as Nitrogen found it worthwhile to switch entirely to Bitcoin. They took a calculated risk and apparently their business didn’t suffer, because there are plenty of people willing to dwell exclusively on crypto esports betting.
The advantage of accepting both traditional and digital money is that players benefit from the freedom of choice. They don’t have to set up a cryptocurrency wallet and simply use their credit and debit cards or bank account to make a deposit.
On the flip side, sportsbooks and casinos where betting with crypto is the only way to go can accept players from more countries. The crypto gambling regulation is not that strict, so players have an easier time setting up an account and making the deposit.
Things are as simple as they get at exclusive crypto betting sites since you can only deposit and cash out winnings in digital money.
On the other hand, bookmakers such as 22Bet which accept crypto deposits as well as fiat currency, have strict rules for deposits and withdrawals. It is not permitted to load the account with traditional money and cash out winnings in Bitcoin or altcoin. That’s because their goal is to run a sports betting business, rather than turn into a crypto betting exchange, which is subject to different rules.
What Video Games are Included for Crypto Betting
Players who sign up for an account at leading esports books such as Arcanebet can expect to find all the popular video games in their betting offer.
Counter-Strike: Global Offensive, DOTA 2, League of Legends, StarCraft/StarCraft II, and other popular videogames are available for cryptocurrency betting.
Punters enjoy access to the same markets when betting with crypto and they can wager before the games have started or in real-time.
These flagship bookmakers post the odds for upcoming tournaments several days and sometimes a week before kickoff, which gives players enough time to place antepost bets.
Unikrn is another excellent cryptocurrency betting platform.
Players don’t encounter any obstacles when betting with crypto here and they can access a wide range of esports betting markets.
Crypto Esports Betting Bonuses and Promotions
Betting with Bitcoin or other types of digital money doesn’t restrict the access of new players to welcome bonuses.
They can tap into the generous opportunities provided by crypto betting exchanges and classic sportsbooks when loading their account for the first time. Sometimes bonuses are offered automatically upon depositing funds, while on other occasions players are expected to use a promo code.
Crypto betting bonuses are almost always subject to wagering requirements which must be met before cashing out.
The intense competition between crypto esports betting websites has prompted bookmakers to offer ever-larger welcome bonuses.
A quick glance at the promotions available at crypto betting sites will reveal that most of them are above the industry average. In most cases, the welcome offers and the ongoing promos are mutually exclusive, so bonus recipients need to clear existing ones before applying for new offers.
By choosing a reliable operator, punters don’t have to worry about the fine print and the uncertain conditions.
It is no secret that crypto esports betting plays a major role in the growth of videogame tournaments, as well as their guaranteed prize pools. These events attract large numbers of spectators, both at the venues and online, with tens of thousands more watching the VODs after the matches have ended.
The future of crypto betting looks particularly bright if we look closer at the demographics since most punters fall into the 18 to 34 age group category. Billions of dollars are being placed on a yearly basis in esports and each year, cryptocurrency betting represents an increasingly large slice of the pie.