Bookmakers were among the first to wholeheartedly embrace cryptocurrencies. Bitcoin was the first digital money to get worldwide recognition, so it was the obvious beneficiary of this enthusiastic adoption. Today, it is easy to find crypto betting sites and some of the biggest names in the industry offer this type of gambling. The same account grants access to traditional sports and video games betting, as well as casino games, bingo and poker. Punters can bet on esports and enjoy competitive odds, as well as generous bonuses for the first and subsequent deposits.
Legality is a sensitive issue when it comes to Bitcoin betting. The cryptocurrency itself is insufficiently regulated and often punters operate in a grey area. In theory, you should be able to legally place crypto bets if gambling is allowed in your country of residence. This also goes for casino games, poker and other forms of gambling if they are not expressly prohibited by national laws. In practice, many punters choose esports betting with crypto precisely to circumvent the prohibitive regulations. They appreciate the enhanced privacy that allows them to fly under the radar without compromising security.
Today there is no shortage of crypto betting sites and punters can easily find an online gambling operator that accepts digital money. The only challenge is to find the best crypto betting sites and this is where things get complicated. That’s because there are plenty of things to consider, ranging from legality and security to quality of odds and bonuses. While there is no definitive answer and many bookmakers can meet your expectations when placing crypto bets, some operators stand out from the crowd.
A quick glance at our Bitcasino.io review will highlight the fact that this is one of the top bookmakers for esports betting with crypto. The name speaks for itself and in addition to Bitcoin, it allows punters to deposit and wager in other coins. New depositors are greeted with a generous welcome bonus and there are ongoing promotions for active punters. Reasonable wagering requirements and competitive odds provide additional arguments in favour of giving them a chance.
Research goes a long way and if you read the Sportsbet.io review you will be tempted to check it out. As one of the crypto betting sites out there, it has created an excellent ecosystem for digital money fans. You can deposit funds instantly and cash out profits with no delays and without paying fees. This means that all the money you transfer in can be used for gambling and you fully enjoy your winnings. They also have cool bonuses for new and existing players which can be claimed on computers and mobile devices.
One of the main reasons why punters are still reluctant to join crypto betting sites is that they don’t understand how digital money works. The good news is that there are 5 steps to have an account up and running and place crypto bets. Even absolute beginners will have no problem in figuring things out.
Bitcoin is the alpha and omega when it comes to cryptocurrencies but it is by no means the only one accepted by online bookmakers. You’d be able to place crypto bets at most of the important bookies using one of the many altcoins. There are dozens of such alternatives out there, but not all are accepted at the top esports books. If you don’t know where to start, these five are definitely worth considering.
Crypto betting sites are relatively new but they’ve gained a lot of traction in recent years. Even so, they are far less numerous than classic ones that focus on fiat currency. A fraction of them chose to accept exclusively digital money, but many will accept both types of deposits. At the time of writing, even though cryptocurrencies are very popular, bookmakers can’t afford to miss out on conservative punters.
Hybrid crypto betting sites allow punters to enjoy the best of both worlds. They can switch from the two types of cryptocurrencies but must use the same payment method to deposit and withdraw. Crypto-exclusive sportsbooks and casinos have a more limited scope and fewer members. They compensate through bigger bonuses and generally better promotions, so they have the more generous deals.
Cryptocurrency betting isn’t rocket science and punters can be just as successful regardless of the currency used. Once they set up an account and acquire the cryptocurrency accepted on the website, they are good to go. From this point onward the same things that help them succeed at a classic esports book apply here. These are the top three things to remember if you are to be successful in your quest:
The advantage of cryptocurrencies is that they provide an extra layer of security. Your gaming activities will stay private and authorities won’t have the means to confiscate your money. Having said this, always stay in complete accord with the law and seek bookmakers that are licensed and regulated.
The main advantage of esports betting with crypto is that you won’t be subject to fees and commissions. All the money you deposit can be used entirely for gambling and you get all the profits you make. The only fees are the ones you pay when acquiring cryptocurrency from online exchanges.
Bookmakers impose certain limits for deposits and withdrawals regardless of the accepted currency. The good news is that cryptocurrency deposits have much lower and higher limits for transactions. This is something that benefits both recreational punters and high-rollers, as it gives them more flexibility.