Bitcoin Esports Betting. The bitcoin esports betting industry doesn’t just bear importance in the esports world but in the online betting sphere as well. It has already developed beyond experts’ initial expectations. Bitcoin Esports betting sites keep growing in numbers, following alongside growing viewership and investment numbers. Betting on sport with Bitcoin here is fun and easy! You don’t need to pull a muscle, just relax and in a few easy steps on your phone, you are good to go. Bitcoin Sportsbook with a lot to offer. From football, basketball, baseball and even the growing Esports industry, we have you covered. Sportsbet.io features more than 20 sports, and we.

Bet bitcoin on Nitrogen Sports, the best bitcoin sportsbook, online poker, and crypto casino. Create a free & anonymous account now to start bitcoin betting! If your slip includes certain eSports, Tennis or other smaller or less popular leagues, your parlay may limit the maximum payout to less than the global limit. If you are looking for a site to get started with Bitcoin esports betting then here are a few you might want to check out. BUFF.bet– Offers several esports leagues to place bets on with Bitcoin that include CSGO, LoL, and DOTA2. Arcanebet– Includes esports betting categories in.

League of Legends has always been a trailblazing esport. With that, it’s not exactly surprising that esports betting sites were among the first to adopt bitcoin betting. The feature is a great addition to esports fans that keep up with the latest cryptocurrency trends. After all, using bitcoin for your esports bets does come with some very tangible benefits.

But before we get into the meat of the matter, let’s answer one simple question:

What is bitcoin LoL betting?

This is likely the one thing you want to know when you type in “bitcoin LoL betting” into Google. For starters, bitcoin (or BTC) is a cryptocurrency. Created in 2009, it’s the first – and the most popular – of its kind, so it does have a lot of recognition.

The currency doesn’t exist in a physical sense, so, contrary to what Internet stock photos would lead you to believe, there are no actual bitcoin bills or coins. Moreover, bitcoins are decentralized, meaning they don’t rely on specific banks or governments. Instead, they act as a peer-to-peer system, allowing its owners to manage the currency and interact directly with each other. This is similar to something like a torrent network – only much faster and safer.

There’s a finite amount of bitcoins in the world – 21 million, to be exact – so there’s a certain value attached to them. And that value is rising with every passing day. BTC transactions like bitcoin betting are conducted through virtual wallets – special software clients that you can download onto your PC, tablet, or smartphone. Some wallets can also be accessed online. The most reputable wallets that could be used for your esports bets are Electrum (PC), Mycelium (Android), and Bread (iOS).

Bitcoins are created through mining, which is a process that uses computing power to solve complex algorithms and unlock the desired cryptocurrency. In the past, you could seamlessly mine bitcoins on your computer. Nowadays, though, the process requires so much high-level equipment that it’s no longer viable for most individuals. It’s also worth noting that all records of bitcoin transactions can be viewed through a public ledger under the name blockchain.

As you’ve probably guessed by this point, bitcoin LoL betting is the act of making wagers on League of Legends matches with the help of this specific cryptocurrency. It might seem overwhelming, but it’s really as simple as using dollars or euros. Unlike dollars and euros, though, bitcoins have a number of unique traits that make them more convenient.

Why bet on LoL with bitcoin?

Small transaction fees

If you’re using bitcoins to make deposits on League of Legends betting sites, you’ll rarely—if ever—encounter steep transaction fees. In most cases, you’ll pay somewhere in the range between 0% and 2%. The fact that you won’t lose a wad of cash by simply putting your money on your gambling account makes bitcoin LoL esports betting much more profitable compared to its traditional alternatives.

Also, even if you pay a fee, it will be percentage-based. This means you can deposit a relatively small sum, and it won’t be reduced to anything by the draconian fixed fees. With that, you’ll be able to make League of Legends bitcoin bets will the smallest amounts of money.

Privacy and security

The most important things bitcoins bring to the table are privacy and security. Granted, the best League of Legends betting sites use 128-bit encryption to store your data, which is almost unbreakable. But even the slightest security risk is still a risk. And if worst comes to worst, you don’t want your personal address or credit card information falling into the wrong hands.

On the other hand, the digital footprint from bitcoin is close to non-existent. Every transaction automatically generates a new address and a private key, so it doesn’t include your personal details, and it definitely doesn’t store any financial information. Once you make a League of Legends bitcoin bet, no one—not even your bookmaker—will be able to trace it back to you.

Not only that but bitcoins aren’t tied to any banks, countries, or organizations. You have the full control of your wallet, and no one else can affect it in any way, shape, or form. And since it’s only natural to want your hard-earned money to be safe and secure, bitcoin LoL betting is the way to go.

Of course, you can always take more steps towards protecting yourself. First, store your bitcoins on several different wallets to minimize risks. Second, keep your cryptocurrency close by downloading your BTC wallets instead of using online alternatives. Finally, avoid buying bitcoins from unproven sellers and shady exchanges.

How to bet on LoL with bitcoin

The bitcoin betting itself is as simple as it gets. Most League of Legends gambling platforms will have handy instructions for you to follow. But if that’s somehow not the case, feel free to use our guidelines:

1. Access your preferred gambling website and log into your account.
2. Go to the ‘Make a Deposit’ section. If your website supports bitcoin LoL betting, BTC should be listed among the available options.
3. Enter the amount you wish to deposit. This is usually done in dollars or euros because most bookmakers convert bitcoins to other currencies to make betting more intuitive.
4. Your next steps will depend on whether you’re using a desktop computer or a mobile device. On a desktop computer, you’ll need to open your wallet and copy-paste the address your League of Legends betting site gave you. On a mobile device, you’ll need to use your wallet app to scan the QR code from your betting site.
5. That’s it! You’ve effectively entered the world of bitcoin betting!

Keep in mind that these are general instructions. And different gambling platforms might have different ways to make bitcoin deposits.

Where to bet on LoL with bitcoin?

In spite of the fact that bitcoin exist since 2009, few sites support bitcoin LoL esports bets. Perhaps most bookmakers are still wary of the unfamiliar currency. Or maybe they don’t want to go through the trouble of setting up a new deposit model. Whatever the case, there are still plenty of exceptions to this rule.

We’ve already covered these in our Top 10 bookmakers article. However, here are some platforms to fulfill your bitcoin betting needs:

• ArcaneBet is an esports gambling platform that offers a 100% deposit bonus (up to €200).
• Netbet is a reputable sportsbook that added esports to its gambling arsenal. It’s safe, secure, and it comes with a 50% deposit bonus (up to £50) for new customers.
• EGB is another site dedicated to esports betting. It offers a wide range of different promotions, although these might be limited to specific games.
• Bovada is an unlicensed bookmaker that’s geared towards US citizens. It offers a 50% deposit bonus (up to $250), and since it’s been in business since 2011, it’s fairly dependable.
• Betspawn also specializes in esports, which makes it ideal for League of Legends betting. Plus, it comes with a nice 100% deposit bonus (up to €133.70).

Bitcoin Chaser - April 19, 2020

Esports is a phenomenon that is taking the world by storm! With an industry value exceeding $1.1 billion dollars and an audience that is growing at a rapid rate, no one can deny the formidable force of the industry. Combine Esports with Bitcoin betting and you have something special.

In recent years there has been a huge increase in the demand for Bitcoin and crypto gambling. The reason for this is clear: low fees and fast deposits and withdrawals.

Best Bitcoin Esports Betting Sites

When looking for the best Esport betting sites, we kept an eye out for the most user-friendly designs, satisfying play, and Esports options. With betting on Esports becoming incredibly BIG, there has been a recent surge in online casinos that are starting to venture into Esport gaming. With so many getting involved, it’s hard to find your perfect gambling match, so we have put together some of the best Bitcoin Esport betting sites one can find on the web.

FortuneJack

FortuneJack

FortuneJack is a well-rounded gambling platform. Perfecting every gambling category it touches, FortuneJack is one of the most influential online casinos of its time. With a design fit for royalty, players get to take this platform to new heights by indulging in the action-packed Esport options.

Options available at FortuneJack are:

• Counter-Strike
• Dota
• League of Legends
• StarCraft
• Overwatch
• Call Of Duty
• King of Glory

1xBit

Launched in 2016,1xBit came up quickly, becoming known as one of the highest-rated cryptocurrency sportsbooks due to its extensive array of games, promotions, and languages. 1xBit provides a wholesome gambling experience, giving players access to both the traditional gambling options as well as the more recent crazes, such as Esports.

Take a look at what 1xBit has in store for you.

• CS:GO
• Dota 2
• League of Legends
• StarCraft II
• Warface
• Artifact
• Clash Royale betting

Nitrogen Sports

In 2012 this anonymous betting site took online gambling by storm. Nitrogen sport offers a highly rewarding selection of Esport games, as well as many other gambling categories. All choices are of the highest quality, allowing players the experience of top-class gambling.

The Esport options at Nitrogen Sports are:

• CS:GO
• Dota 2
• Overwatch betting

Cloudbet

Cloudbet is one of the oldest Bitcoin betting sites to begin accepting Bitcoin. It has expanded a lot over the years to become something of an all-in-one gambling platforms offering sports betting, esports betting, slots and live casino games.

The Esports available to bet on at Cloudbet are:

• CS:GO
• Dota 2
• League of Legends
• FIFA
• Starcraft

Ivi

iviCasino was founded in 2018 and offers over 2,000 casino games, a sportsbook, and Esports betting.

The games available at iviCasino include:

• CS:GO
• Dota 2
• League of Legends
• FIFA
• NBA
• NHL

MelBet

MELBet is another Bitcoin Esports betting site that we go back to a lot. On top of having great customer support, the site is really tailored for cryptocurrency enthusiasts, offering a wide variety of altcoin gambling options on top of Bitcoin with Dogecoin, Bytecoin and Ripple.

Some of the most popular Esports games for Bitcoin gambling available at MELBet include:

• CS:GO
• Valorant
• Dota 2
• FIFA
• PES
• World of Tanks

Best Esports Betting Sites

As one of the fastest growing industries we’re sure to see a lot of change and competition in this space over the next few years. As match titles increase, odds become more competitive and markets more niche, we can’t wait to see the world that awaits. In the meantime, these awesome sportsbooks all make the cut in our top 10 Esports betting sites for great reasons! Let us know in the comments below which are your favourites.

Esports Gaming Categories

Esports is traditionally divided into several categories. The three most popular divisions are real-time strategy (RTS), first-person shooters (FPS), and multiplayer online battle arena (MOBA) games. Falling within those categories, here is a list of the top 3 most-watched and gambled Esport games.

• DOTA 2
• League of Legends
• StarCraft 2
• Fortnite
• Call Of Duty

Bitcoin Sports Betting Sites

All Esport games offer an edge that no other gambling options provide. With many aspects playing a part in the outcome, there is no real strategy one could use to result in a positive outcome.

Beyond the popular Esport options, fantasy Esports is becoming more prominent. Allowing gamblers to form leagues, draft teams, and earn points based on how those players perform during games, similar to fantasy football.

Bitcoin Betting On Esport

When it comes to placing your bet on an Esport game, I’m sure you are wondering how it is done? Well, it is honestly easier than most online gambling options. You bet on Esports the same way you would go about placing a Bitcoin bet on sporting games.

Before you move forward, players will need to sign up. Even the best Bitcoin Esport betting sites may vary in the games offered, but once you have chosen the event you are interested in, head over to the betting options provided and set your bet.

Online Betting With Bitcoin

Here is a list of common categories for Esport betting.

Bitcoin Esports Betting Against

• Match winner – This is the bet that is placed on who will come out on top.
• Tournament winner – The bet that is placed on who will be the overall winner in a set of games.
• First map – Counter-Strike and other first-person shooter games are often where this bet is applied. Pick a team or player you believe will be the first to win the first map to place a bet.
• First kill – Place a bet on the player or team you believe will make the first kill.

Esport Gambling is the Future

Best Bitcoin Betting Sites

There was a time when social gaming consisted of “real life” opponents, that could sit in front of the same machine and complete, now with recent technology, gamers live stream and enter into a chat room to experience the live aspect of gaming. There is an up to all this, Esport gambling has been taken to unexpected heights, thanks to ever-evolving technology and the access it gives us to communicate. All recommended sites are 100% legit and hold all necessary licenses for online gambling. Get started with the best Bitcoin Esports betting sites, to experience gambling at its fullest.