In spite of some recent variance, Bitcoin is slowly taking over the world of investment and becoming one of the most commonly accepted payment methods in the world. Thanks to its reliability through the blockchain network, the speed of transfers and ease of use, you can now bet on esports with your Bitcoins and various other cryptos. This article will help you find the best esports betting sites that accept cryptos.
Best Bitcoin Betting Sites for Esports
Unikrn is a betting site that focuses specifically on esports. They offer excellent odds, a nice welcome bonus, and many payment methods, including cryptos from which to choose. Their games list is quite populated and it continues to grow. They currently offer bets on esports giants, allowing you to place CSGO bets, League of Legends bets, and Dota 2 bets. You can also bet on smaller esports, such as Rocket league and more.
Loot.bet has a ton of esports betting options to choose from, featuring many niche leagues than many esports sites do not cover. In total, the site has offered bets and/or wagers on twenty-six titles!!
The site began accepting Bitcoin in 2019, and it is the only cryptocurrency accepted by the site. While Loot.bet does not have the most options to choose from when it comes to cryptocurrencies, their plethora of esports betting offerings make up for it!
Loot.bet also features their own games, which can be played on the same site as their betting offerings. These games range from casual to shooters, and users can wager money either against the computer or other players.
Stake is another site that offers esports betting in more than one cryptocurrency – offering eight coins to bet with. Stake has made a fews strategic partnerships, especially in the combat sports industry.
They have partnerships with both UFC and Isreal Adesanya, a successful UFC fighter. They also host their own table tennis league, the TT League, which users can watch and bet from Stake.com.
You can bet on virtually any esport, from CS:GO betting to FIFA betting.
1xBet was one of the first mainstream platforms to offer esports betting and popularize it. This Russian-based bookmaker welcomes users from over 50 countries and accepts many payment methods. Some of the games on offer are CSGO, League of Legends, Dota 2, and Call of Duty.
1XBit is the esports betting site that offers the most cryptocurrencies to bet with, allowing bets to be placed with more than twenty different crypto currencies!
The site offers a solid lineup of esports betting offers, such as League of Legends, CS:GO, and many of the other most popular titles such as Rocket League betting, Hearthstone betting, and the site even lets you bet on Rainbow Six Siege.
They do not feature any especially unique offerings, such as Unikrns Umode and MoneyMatch or ZenSports’ peer-to-peer features, but the site is solid and trustworthy.
They do however feature an entire casino in addition to their sports book and a unique esports welcome bonus, awarding a huge welcome bonus in Bitcoin. You can get up to 7 Bitcoin extra for your first deposit!
Esports Betting with other cryptos
While Bitcoin is the most popular and widely accepted crypto, there are actually plenty of other cryptos that you can use. Ethereum esports betting is nearly as widespread as Bitcoin and you can often bet with smaller coins or even alt coins, such as Dogecoin, Stellar, Bitcoin Cash, and more. Some sites, like 1xBet and 1xBit will accept up to twenty different coins.
Pros and Cons of Crypto Esports Betting
Whether esports crypto betting is the right choice for you really depends on which territory you live in. In some countries, you can simply bet with your credit card and expect to receive your winnings with no fees and even tax free. In other countries, options are sometimes more limited, making blockchain gambling sites the best option. So, you think you want to bet on esports using bitcoin, but aren't sure if it is a smart decision or not – let's dive in.
+ Lower Fees
Making transactions in Bitcoin or other cryptocurrencies poses benefits when it comes to transaction cost and time. It is not always the case, but most blockchains can send cryptocurrencies all over the world for less than a penny – instantly.
This is useful for many reasons when betting, as it speeds up both the time it takes for funds to be realized in your account as well as speeding up transfers and withdrawals – not to mention during the weekend!
+ Less Hassle
Another place where bitcoin has an advantage on traditional payment methods is when it comes to fraud and charge-backs, both of which are incredibly annoying to deal with as a customer. With a decentralized system built around it, a transaction made in bitcoin cannot be reversed – remember, there is no central bank in charge of the crypto money supply.
+ Faster transactions
Esports betting with bitcoin allows you to get your money faster, without having to wait for slow international bank transfers, which can sometimes take up to five banking days.
+ Play anonymously
One of the main advantages of crypto esports betting is that your transactions are anonymous. Nobody can find out how much you are making and you will likely not need to pay any taxes on winnings.
+ Safe and reliable
Thanks to the blockchain, esports betting has become a lot safer, especially in countries where there is little regulation. Thanks to smart contracts with cryptos, you can be sure to receive your money when you win a bet.
– Wallet fees
Pay attention that while bitcoin gambling sites do not charge fees, most wallets do charge transfer fees. These can cost a small percentage of your overall profits.
Alternative esports betting payment methods
Which payment method is the easiest for you can depend on various factors and a lot may even come down to personal preferences. Instead of esports betting with bitcoin, you could opt for the speed of e-wallets, the anonymity of cryptos or even good old-fashioned bank transfers. Of course, each method has its pros and cons.
PayPal is the most widely accepted e-wallet, at least when it comes to e-commerce. However, there are very few betting sites that accept PayPal. A few that do include bet365, Unikrn, Betway and Betfair. PayPal has the advantages of lightning-fast transfers, though there may be fees to receive money.
Skrill and Neteller
Skrill esports betting and Neteller betting are much more widespread than PayPal betting is. You will find that virtually any betting site or online casino accepts both of these e-wallets. Both options guarantee lightning-fast transfers. While you do not need to pay for receiving money with your wallet, you there may be fees for adding money to your Skrill or Neteller accounts. The list of Skrill and Neteller betting sites is long, though we recommend Unikrn, Bet365, Pinnacle, Betway, and EnergyBet for esports betting.
Klarna is a payment app that was primarily designed for e-commerce. It allows you to make online payments and pay later, using various payment methods. Recently, there are more and more betting sites that accept Klarna, including Energy Bet, Bet at Home and Betway. Klarna is available for esports betting in the UK, France, Germany and 9 other European countries.
Betting sites with their own cryptocurrencies
If this article were to have been written in 2019, we would have harped on Unikrn’s native cryptocurrency, Unikrn Gold, which was used for many of the same benefits as ZenSports’ SPORTS token.
Unfortunately, Unikrn failed to treat it’s coin as a utility token (rather than a security token) and were forced to take the token off of the market. This was a big deal, as Unikrn had been a leader in the bitcoin esports betting industry before they lost their coin.
While GWX no longer exists, Unikrn still supports betting in Bitcoin. This is great, and Unikrn is one of the premier esports betting sites, both for fiat currency and various cryptos.
Bitcoin Esports Betting FAQ:
What esports betting sites allow deposits with bitcoin?
Is bitcoin esports betting legal?
Depending where you live, betting with cryptos can be legal, illegal or unregulated. In most cases, crypto betting for esports or any other sport is a legal grey area, meaning it is neither regulated nor banned.
Is it safe to bet on esports with bitcoin?
Yes, as long as you play at a trusted, licenced site, you can be sure your bets are safe and will be paid out 100%.
Can I bet on esports with other cryptocurrencies?
Yes! Sites like 1xBit or 1xBet let you bet with Ethereum, Dogecoin, Bitcoin Cash, Ripple and dozens of other cryptos.