Full Tutorial: How to place bets on Esports using cryptocurrency?
Esports betting is on the rise and it’s not hard to see why. More and more people are looking to bet on their favorite teams, the industry has exploded. It is catching on quickly, with many online sportsbooks offering Esport games like FIFA World Cup, DOTA2, LOL, CS:GO, Euro Esports, etc. The internet has made things easier for all gamers in terms of betting because they can now play from home without having to go to a brick-and-mortar casino!
Betting on esports is a new way to earn money while you enjoy your favorite game. It’s a fun way to get involved in a game that you love without risking anything too valuable.
There are many ways you can place bets on esports matches but we will be focusing more on cryptocurrency betting since it is one of the fastest-growing markets for this type of betting. In the virtual world, esports betting and cryptocurrency share a relationship that connects the two burgeoning businesses. Because of the virtual currency’s encryption, ease, and transparency, crypto esports betting is growing popular among individuals who like betting on both regular sports and esports.
This tutorial will show you the easiest way to place sports bets on esports using cryptocurrency.
Step 1: Choose the right Bookmaker
As an initial step, you must find a good bookmaker website that deals in cryptocurrency. Make sure that the website is licensed and safe. Our platform, BTC365, is internationally recognized by E-Gambling Montenegro. We cover up to 35,000 Esports matches monthly and offer the most bet types with our Dual Esports provider. Signing up on the website is super easy. Register with your email, Gmail ID, Facebook ID or Telegram.
Step 2: Select your cryptocurrency
Once you have registered on your preferred platform, the next step is to load up your crypto wallet with cryptocurrency. On our platform, we offer esports betting with 4 crypto – Bitcoin, Ethereum, USDT (Tether), and Litecoin. On our website, you can currently purchase digital currency using various crypto exchanges such as Coinbase, Binance, and MoonPay.
Step 3: Place your bets
Now that you have enough crypto, you can start betting on esports. If you’re familiar with your favorite game, placing bets will be easy for you. When you go to our Esports page, you’ll see a selection of matches and events to wager on, including DOTA2, LOL, PUBG, and many more.
Simply select the option that best suits your needs, and you’ll be sent to a page that lists all of the markets and odds. After that, you can start placing bets and winning.
Step 4: Withdraw your cryptocurrency
So you won a bet but now you’re confused about how to get the bitcoin out? Don’t stress over this. Withdrawing on our platform takes only a few steps. With the same virtual wallet, you can withdraw your winnings. You must first verify your account on the platform. After that, you’ll be able to swap your cryptocurrency for legal tender. We don’t charge fees for deposits or withdrawals on BTC365, but you’ll have to pay the standard crypto transaction fees when transferring your cryptocurrency to the platform.
Is betting on esports with crypto safe?
Betting on esports with cryptocurrency is definitely not riskier than betting with fiat currency. If we talk about cryptocurrency, it is decentralized in nature and all transactions are done on a blockchain. It means no one can track or read your transactions. Crypto betting provides unparalleled security and anonymity online as long as you follow some simple precautions such as always choosing a licensed crypto betting platform and only recharging and withdrawing with the safest option available.
Many people have begun betting on esports using cryptocurrencies in recent years and the number is growing exponentially. This is very likely to continue rising in the future. Because esports has grown to become a billion-dollar industry, the betting industry that surrounds them will flourish as well. Esports’ growth is promising, and it might be a good investment if you know how to win some Bitcoin with the appropriate techniques.