Esports betting is relatively a new form of betting. Nevertheless, it has expanded its services. It tries to cover new markets and add new payment methods. The use of cryptocurrency is one of the recent innovations in live betting.
Bookmakers like https://cover.gg/ seem to be positive about adding popular digital coins to their platforms. Thus, gamblers can make deposits and withdrawals using Bitcoin, Ethereum, DOGE, Luna, etc.
Idea of Using Cryprocurrency in Esports Betting
Cryptocurrency has gone through numerous transformations in recent years. The nature of cryptocurrency prices has become a target for speculation and investment. Considering its number of benefits, it works perfectly for esports betting.
Deposits and withdrawals made with cryptocurrencies offer a high level of safety. Gamblers don’t have to worry about their personal and financial data. Cryptocurrencies provide additional safety measures compared to traditional currencies. Crypto developers usually use blockchain technology, with all transactions stored in a public ledger. Every transaction is encrypted and verified. No third parties need to be involved.
To use crypto for different forms of betting, you will need to purchase some crypto coins first. For example, you can use a digital wallet to make a purchase from an exchange. After purchase, the user sends the coin to the wallet address and makes a transaction at a bookmaker’s website. Make sure to find a crypto-friendly bookmaker.
Which cryptocurrency should you pick? This is a personal question. You can read about the projects standing behind the most popular crypto coins and pick the one that resonates with you. Don’t forget to check the graphics to assess past and future trends.
How to Use Bitcoin for Esports Betting
To use Bitcoin or any other cryptocurrency for esports betting, you should follow some simple instructions. You need to pick a well-reputed bookmaker that accepts Bitcoin. Then, you set up a Bitcoin wallet and complete verification.
Before you proceed with crypto esports betting, you should learn how to complete deposits and withdrawals with cryptocurrencies. Once you’ve done all of that, you can take action. Simply pick the event you want to bet on, decide on your bet type, specify the bet amount, and confirm your transaction. It doesn’t seem to be so complicated, does it?
Remember that crypto esports betting is still in the development process. Still, there are lots of limitations in terms of the available events and markets. While more and more people start using crypto in esports betting, many of those limitations are going to be eliminated in a matter of time.
Benefits of Using Esports Betting with Cryptocurrency
Esports betting with cryptocurrency can be quite a good idea. It comes up with numerous benefits. The major one is related to crypto safety. When you use cryptocurrency, your personal data isn’t connected to your bets. You don’t have to worry about scams and other fraudulent activities. Your personal data isn’t going to be compromised.
Esports betting with crypto is fast and convenient. When you use digital coins, you can make deposits and withdrawals with ease. It takes a few minutes of your time to complete a single transaction.
By the way, crypto betting on esports allows you to enjoy lower interest and lower charges. Esports betting is less costly than traditional one. This can save you a considerable amount of money over time. In a long-term perspective, you can save a lot of money and improve your profits from betting.
Why Cryptocurrency Is the Future of Esports Betting
Cryptocurrency is the future of esports betting. Here are the reasons for that:
- It offers a high level of anonymity, which is important for bettors and bookmakers.
- It is more difficult to keep track of cryptocurrency transactions.
- It imposes lower transaction fees, making it more attractive to bettors and bookmakers.
The most common way of esports betting is through match winner bets, where you pick a team or player to become a winner. Crypto coins guarantee fast and easy payments in a long run. Give them a chance!