Esports Crypto betting has exploded with the rise of cryptocurrencies. The community of Esports, has decided to invest with crypto. The crypto betting world works in the same way as with the use of traditional forms of betting payment. Nowadays, many bookmakers accept this cryptocurrency as a deposit option.
In this article we will study the current Esports market of betting with cryptocurrencies. It is easy to guess that the offer of this type of bookmakers will not be found on official platforms or licensed in regulated markets, maybe it is basically because, as a rule, cryptocurrencies and taxes are in different leagues at the moment.
The most important thing about cryptocurrency eSports Betting:
- Cryptocurrency is an alternative and anonymous payment method
- Cryptocurrencies are subject to price fluctuations.
- Cryptocurrencies are decentralized, not operated by a bank / state.
- Avoid anonymous offers with anonymous bets.
- Betting with crypto introduces additional risk factors into the bets.
But are online cryptocurrency platforms safe?
Some crypto eSports betting sites have balances in cryptocurrency, while others convert this currency into traditional currency when players make a deposit. There are many advantages to using eSports crypto coins to bet compared to normal coins, such as the euro, when you bet online. Further we have a betting guide with cryptocurrency to know the advantages and what the best cryptocurrency betting houses can offer.
Cryptocurrency bets have become very popular, and rightly so. There are many advantages in using the most popular cryptocurrency currently on the market. Check the benefits of using crypto to bet on eSports and you will find that it is the best way to bet on your favorite teams.
Advantages of betting with cryptocurrency
Let’s list why you should use a betting house o that accepts cryptocurrencies, either for the deposit or also for the possibility of playing directly with cryptocurrencies instead of changing the deposit to a government currency.
Close Commissions to Zero
Buying cryptocurrency and converting it back into a fiduciary currency costs a small percentage per transaction, but once the currency has been purchased, the commissions are minimal. Crypto transactions cost a few cents in most cases. In addition, eSports betting houses do not charge commissions for depositing and withdrawing money with cryptocurrency.
Faster and safer deposits with cryptocurrency
Using cryptocurrency in your betting house has a significant advantage when it comes to processing speeds. The best eSports crypto websites process payments in a few seconds and some have instant withdrawals . Depending on the speed of the blockchain chain, eSports crypto transactions between addresses can take a few milliseconds, those speeds are unprecedented when it comes to the usual payment methods.
Faster and safer withdrawals with cryptocurrency
The cryptocurrency withdrawals also have a significant advantage when you look at the processing speed. Although withdrawals are delayed, they come more from the operator, who takes more or less time to process the request than from the chosen payment system.
Transactions very close to anonymity
Many people will tell you that cryptocurrency is anonymous but that is not exactly true. Your activity can still be seen in the Blockchain and transactions can be traced to identify the person. However, this would take a lot of work, and unless you are doing something illegal (betting with cryptocurrencies is perfectly legal), there is little reason for someone to look into your transaction history. Some cryptocurrency sports betting houses do not require that bettors have an account, the bettora will not have to give their name or address.
If you do not have cryptocurrencies you can buy them directly. The betting houses of cryptocurrencies allow bettors to make a deposit using a normal currency and they are the ones who update the balance in cryptocurrencies directly. That’s easy. While it is ideal to make a deposit from your cryptocurrencies Wallet you can use this convenient deposit process. It can be a deposit option if for any question we prefer not to touch at that moment the balance of our Wallet.
Price fluctuations: cryptocurrency & Co may lose value overnight
In cryptocurrency eSport Betting, you must be aware that these are not traditional currencies. Behind these currencies is neither a bank nor a state. These currencies are subject to massive price fluctuations. These price fluctuations can be an advantage and a disadvantage for you as a betting fan.
If you have generated a betting profit and after that the price increases, this increases your profit significantly. If you have generated a betting profit and shortly before paying the cryptocurrency rate drops by 50%, your balance is only half the value. In order to be able to act meaningfully here, it would therefore be important to be able to make statements about the price developments of the crypto currencies.
Your willingness to take risks decides whether you want to bet on the cryptocurrency horse Classic currencies are subject to only minimal price fluctuations. Basically, you can ignore them while betting. Quite different with cryptocurrencies. These are subject to significant price fluctuations and can also easily lose value by 50% from one day to the next so there is a fair share of risk in the eSports market.
Your personal balance is worth half the price in one fell swoop. Therefore, we believe that you should focus exclusively on offers with cryptocurrency, if you are one of the risk-taking gamblers.
Conclusion: cryptocurrency in eSports market provide additional risk factor
Meanwhile, cryptocurrency eSports betting has freed themselves from the dubious chains of the government. If you restrict yourself to reputable bookmakers, as we recommend in this guide, you can easily bet with cryptocurrencies.
Whether you want to add this additional risk factor in your betting activities, you just have to weigh yourself. Here is a general recommendation to whether you should now play cryptocurrency bets or bet with classic real money currencies, it is all up to your understanding. But do keep in mind that the crypto market in eSports is blooming and it is the best time to invest in it.