Bitcoin is a fairly famous concept. We have all heard about it, and if you are a tech-savvy esports fan, it’s likely that you are already using it to place your own wagers. Well, since you want to learn more about esports betting with Bitcoin, we will oblige. Need a recommendation for an excellent website to bet in Bitcoin? We have reviewed all top venues that actually accept the digital chunk of gold as currency, and now – we’ll let you have a look at the best bookies on the market that currently accept Bitcoin!
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List of Esports Sites That Accept Bitcoin in 2020
While conducting our own reviews, we have been able to identify those top venues that provide a mix of security and expedient payment options. And yes, Bitcoin is one of our preferred payment options indeed. As a result, you will have access to a dozen or so proven bookmakers that will not think twice before providing you with excellent gaming options. These are the best esports betting sites where you can make deposits and withdrawals in Bitcoin:
We have gone through each individual bookie to make sure that Bitcoin is indeed part of their offer. With some of the bookies, you will have to note down Bitcoin as your preferred currency as early as registration to be able to use it, but don’t worry about the specifics now, as you will find the necessary information in each bookmaker’s individual review.
What Is Bitcoin?
Bitcoin is a digital currency that is based on the so-called blockchain system. It’s a non-centralized system in which every peer exercises supervision and as a result – the ecosystem is completely anonymous. All participants can hide their identities from prying third-parties, which is precisely what makes Bitcoin so useful when it comes to gaming.
No transactions can be traced back to an individual, even though everything is available on record in the so-called public ledger. Because every participant in the system needs to verify a transaction before it can be concluded, Bitcoin is also exceptionally secure.
Why Should I Use It When Betting on Esports?
There are plenty of good reasons why you should turn to Bitcoin if you are an esports fans and want to wager. The most obvious ones are:
- Expediency of the transactions
- Bigger returns
Now, you can already understand why anonymity is the defining aspect of using Bitcoin. As to the expediency of the transactions, that is also quite understandable, too. Now, when it comes to bigger returns, Bitcoin is quite volatile, so if you manage to master the exchange courses and be in the activity for the long term, you can benefit from low-value Bitcoin bets (i.e. betting when Bitcoin’s value is not too high) and then exchange the currency when its price goes back up again.
Of course, Bitcoin is slightly more demanding, but the extra layer of security, speed, and let’s face it – better profits, all require some dedication to be achieved. Bitcoin offers you a potential bigger return so long as you want it.