Crypto Esports Betting: Everything You Need to Know

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Published: Mar 25, 2022 - Last Updated: Nov 20, 2023

In the last decade or so, both the esports and cryptocurrency industries have experienced massive growth. As they’ve expanded and become more popular, they’ve even crossed over in some respects. For instance, in the last couple of years, top betting platforms have been introducing crypto esports betting opportunities to traditional esports bettors. Once upon a time, the concept of betting on esports was an alien one, but now, with the expansion of the industry, bettors are turning to cryptocurrency to fund their esports bets.

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We’ve witnessed a rapid expansion in the world of esports betting in a relatively short period of time, and it continues to grow today. It can be argued that both esports and the cryptocurrency industries are only just getting started, with both expected to swell immeasurably in the coming years. In terms of crypto esports betting, more and more operators are getting on board with both the concept and practice with each passing day.

Let’s learn a little more about esports betting with crypto.

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How Can You Bet on Esports with Crypto?

As a result of the popularisation of cryptocurrency, many of the world’s top-tier betting platforms now accept crypto for deposits and withdrawals. In a similar way, owing to the growth of esports, many of the best betting platforms out there also offer extensive markets within the vertical. For instance, if you want to place wagers on CSGO, League of Legends, Call of Duty, or any other esport, you’ll find options on many of the world’s leading betting sites.

Now, when you take into consideration the fact that these platforms a) accept crypto, and b) offer esports markets, the question receives a simple answer.

If you want to get started with crypto esports betting, it’s almost as simple as betting with traditional ‘fiat’ currency. It’s a matter of signing up to one of the many betting platforms that accept crypto deposits and then placing your esports bets. That’s the process, and owing to advancements in accessibility, it really is that simple. With today’s technology, you can go from knowing nothing to betting with bitcoin in a matter of minutes.

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Which Platforms offer Crypto Esports Betting Options?

If you’re looking to bet on esports with crypto, you’ll need to use a platform that can facilitate that desire. There’s a diverse range of options when it comes to crypto betting, but there are a few specific platforms that most bettors would recommend. As one of the key crypto betting tips, we’d suggest using one of the following platforms to get started.

Crypto Esports Betting Sites

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These esports betting platforms accept crypto deposits and are reputable, popular, safe, and easy to use. When it comes to crypto esports betting, you’ll be hard-pressed to find better options than these. Fortunately, they’re all relatively simple in how they operate, and there’s nothing stopping you from using more than one platform for your esports bets. In fact, that’s another great tip for esports betting with crypto – play the field.

There’s no sense in sticking with just one esports betting site. If you have the option to do so (geographically), you should consider placing wagers on more than one platform. By doing this, you’ll open up opportunities across the board for bonuses and promotions, as well as differences in odds and offers.

The Future of Esports and Crypto

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Crypto betting site Bitcasino partners with top esport team Evil Geniuses (2021)

Today, operators are exploring avenues into the future of both the esports and crypto industries. This includes sponsorship opportunities, exclusive tournaments and promotions, and the advancement of betting and gaming technologies. For instance, there is plenty of development ongoing in the world of play-to-earn games, which fundamentally, gives players the ability to earn things – often crypto – for playing games.

When we take this one step further, we could see players and viewers rewarded with crypto gains for engaging with esports. There’s also something of a rise occurring nowadays with crypto casinos, which are online games – like slots – powered by cryptocurrency. While this type of gaming and esports-based gaming differ in many ways, there are opportunities for the two to cross over. For example, esports-themed slots games are driven either in part or in full by cryptocurrency funds.

As the two verticals continue to expand, countless opportunities will arise between them. In the last few years, we’ve seen top-tier cryptocurrency platforms, like Coinbase, step up and sponsor world-class esports organisations. It’s important to remember that both the esports and crypto industries target a very similar demographic. As time goes on, these demographics will intertwine, and grow in parallel.

Grant Taylor-Hill

Since: February 12, 2021

Grant is a lifelong, multi-platform gamer with a passion for journalism and more than ten years' experience in the industry. He'll try any game once, and when he's not playing them, he's watching them, being as he is an avid esports fan.

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