Mary Amakihi 
A Beginner’s Guide to Crypto Esports Tournaments
Crypto esports is becoming one of the most popular online gaming methods. Are you a newbie seeking direction? This article is precisely what you are searching for.
Cryptocurrencies are becoming increasingly prevalent in today’s culture, with hundreds of different ones available worldwide.
Betting on esports competitions may have grown easier due to the support of other esports betting operators for cryptocurrency.
Let’s examine how crypto esports work and whether it’s a good option for gamblers. We will walk down this path gently, starting from the basis.
What is Crypto Esports?
Esports, an abbreviation for “electronic sports,” is a term used to describe competitive video gaming among professional individuals or teams.
Thus, crypto esports combines two intriguing industries: cryptocurrency and professional video gaming.
It is a competitive video game genre where players can earn and spend virtual currency.
This can include purchasing virtual products with cryptocurrencies, winning cryptocurrency as a prize, or using blockchain technology to certify game results and ownership.
After esports gained prominence, crypto organizations sought to hire as many esports lovers as possible.
Several eSports teams, including Fnatic, Gen.G, Misfits, Cloud9, and TSM, have experimented with cryptocurrency agreements.
The crypto industry has solidified its position in esports by accepting cryptocurrency payments on esports betting platforms.
Bitcoin was the first cryptocurrency used for esports and crypto betting and remains the most popular cryptocurrency.
This new breakthrough can significantly impact the gaming industry and digital currency investment techniques.
How Does Crypto Esports Work?
Betting on esports has always been challenging thanks to cryptocurrency, which offers gamblers anonymity, speed, and security. The popularity of Crypto betting has irreversibly impacted many facets of traditional betting.
To begin with, using cryptocurrency to place bets is the most secure and accessible alternative. When transmitting money for esports betting, security processes limit the possibility of fraud.
Furthermore, the public ledger maintains an open record of all transactions, allowing you to track their progress at any point. You can also make payments faster using cryptocurrency than with traditional fiat currency.
For example, when transacting with conventional fiat currency, the funds may take several days to arrive in your bank account.
Top betting platforms like GGBET have helped increase esports’ popularity by allowing bets on roughly 20 different gaming domains. This covers Dota 2, League of Legends, Smite, and others.
However, when you use cryptocurrencies, you may complete transactions in seconds.
As a result, integrating Crypto would only increase the general efficiency of the esports betting industry while also opening up new profit opportunities for all parties involved.
Now that we know how Crypto esports works let us see some renowned crypto esports sites.
Renowned Crypto Esports Sites
Here are some of the best crypto esports betting platforms that offer thrilling experiences.
- Lucky block
- BC.Game
- Mega Dice
- Bet Play
- Tg.Casino
Lucky Block
This cryptocurrency sportsbook and casino provides everything players need, from generous bonuses to competitive odds and an exceptional playing experience.
At Lucky Block, gamers can wager on a variety of esports, including Counter-Strike, Dota 2, Valorant, League of Legends, Rainbow Six, Arena of Valor, King of Glory, Mobile Legends, Overwatch, and Starcraft.
At any given moment, Lucky Block normally has over 150 different esports betting matches and wagers accessible, as well as live broadcasts.
Bettors obtain highly competitive odds for most matches.
Lucky Block has some of the greatest odds we’ve seen from any big Crypto sportsbook.
A partnership with Telegram enables gamers to register an account and deposit cryptocurrency fast, securely, and without fees or limits.
Lucky Block welcomes new players with a 200% deposit match bonus worth up to €10,000. The welcome bonus carries a 60x wagering requirement.
In addition, every Monday, returning players can receive a reload deposit bonus of up to €200.
BC.Game
BC.Game is a prominent cryptocurrency sportsbook and casino with one of the industry’s most extensive selections of playable cryptos.
Players can deposit and play with over 150 tokens, including large, medium, and small market capitalization coins.
BC.Game turns players’ funds into its own $BCG token, allowing for smooth wagering across the network regardless of the currency they started with.
It is particularly noteworthy for esports betting because the platform provides 13 distinct markets.
It offers betting on games such as Hearthstone and Heroes of the Storm, which are difficult to find in other sportsbooks.
All deposits and withdrawals from BC.Game are free and instant. The withdrawal limitations differ for each coin but are reasonably fair to participants.
This sportsbook offers one of the most significant welcome bonuses around. New players can receive deposit match bonuses on their first four deposits, earning up to 360% with the final and most important match.
The bonus is unlocked as players place wagers, but the overall wagering requirement is a whopping 500x.
BC.Game also boasts a VIP club for returning bettors, including incentives like reload bonuses and cashback on losses.
Mega Dice
Mega Dice is another of the top crypto esports tournament sites to play with today, as well as the greatest for anonymity, having been the first Bitcoin casino to use Telegram.
Mega Dice offers 11 popular esports titles to wager on, including Counter-Strike, League of Legends, DOTA 2, Overwatch, and more.
The sportsbook accepts most major cryptocurrencies, including Bitcoin, Ethereum, and Tether.
Players can start with as little as $1 of their choice cryptocurrency. All deposits and withdrawals are free and quick, with no fees or limitations.
Mega Dice offers new players a 200% deposit match bonus valued up to 1 BTC, with a 40x wagering requirement. Additionally, returning players can receive up to €500 for any reload deposit made on a Monday.
It is one of the top, probably fair Bitcoin casinos, offering over 5,000 slots and table games.
Bet Play
BetPlay is a relatively new crypto esports betting platform that stands out for using the Bitcoin Lightning Network to enable rapid payments and withdrawals with no fees or limitations.
BetPlay also provides numerous betting lines in its esports markets, allowing users to place money line bets, over/under wagers, spread bets, and more.
BetPlay boasts many esports games to wager on, including NBA2K and FIFA, which many other esports betting sites do not offer.
The sportsbook provides a 100% deposit match welcome bonus of up to 0.5 BTC, with an 80x wagering requirement. Players also receive a 10% weekly return on losses, a welcome recurring benefit.
TG.Casino
TG.Casino is a fully licensed casino that gives its native token for additional incentives and bonuses. The $TGC token is presently in presale, having raised $2 million, and can be staked to create an annual percentage yield (APY).
Staking $TGC also allows holders to earn rewards as part of a token payback, and the token is deflationary, so its value should increase over time.
New players receive a 200% welcome bonus of up to 10 ETH, while those who deposit and play with $TGC earn an additional 25% weekly cashback on losses.
TG.Casino, officially open and accepting users, offers hundreds of games and 30 different sports to gamble on, with approximately a dozen esports markets. It also has thousands of spaces to offer.
This casino is only accessible via Telegram, providing an upgraded user experience and quick and secure deposits and transactions with no fees or limitations.
We have given you an array of crypto esports platforms to choose from. Let us address how to select the best site for you, specifically from the options above.
How to Choose the Best Crypto Esports Site
There are a lot of factors to consider when choosing a crypto esports betting site. The things you should watch out for include;
- Quick deposits and withdrawals
- Safe crypto payments
- Low to zero banking fees
- Large selection of esports betting market
Quick Deposits and Withdrawals
Crypto deposits should be ready for betting in minutes every time. This is one of the primary benefits of betting on Bitcoin and other cryptocurrencies.
Withdrawals should be equally quick.
Some bookmakers take a few minutes to a few hours to process payouts, while others send cryptocurrency immediately.
Watch out for this and make wise decisions.
Safe Crypto Payments
It is critical that bettors’ funds are secure while transferring cryptocurrency to or from a crypto esports betting site.
All the platforms we studied employ highly secure blockchains and keep most of their cash in cold wallets that are not connected to the Internet.
While some online cryptocurrency gambling sites have been targeted, all of the platforms we investigated have a proven track record of protecting players’ cash.
Low To Zero Banking Fees
Crypto esports betting sites often avoid all banking expenses. This means that both deposits and withdrawals are entirely free.
This is a significant departure from regular online sportsbooks, which frequently charge hefty banking costs.
Players will still have to pay blockchain transaction fees for deposits and withdrawals. These vary by cryptocurrency and are levied by the blockchain network rather than the bookmaker.
Large Selection of Esports Betting Market
When selecting a crypto esports betting site, the esports to bet on are crucial. Most platforms accept wagers on popular games such as Counter-Strike, League of Legends, and Rainbow 6.
Games like NBA2K and Hearthstone are only available at select esports sites, so gamers who want to bet on these esports need to choose their sportsbook correctly.
Another thing to consider is whether the platform allows for live esports betting. All of the platforms we analyzed accept live bets.
Finally, before we call it a day, let us see the benefits and drawbacks of crypto esports.
Advantages of Crypto Esports
Some advantages of crypto esports betting are;
- Safer betting environment
- Few country’s restrictions
- More Privacy
Safer Betting Environment
Cryptocurrency transactions are safer and have very low or no transaction costs. We will only detail why, but each crypto transaction should be known only by the person depositing and receiving.
It is challenging (and, in some situations, impossible) to obtain this information as a third party.
Few Country Restrictions
There are few country restrictions for cryptocurrencies, and you will typically not experience any problems.
However, remember that not all bookies accept punters from all countries; some have blocked IP addresses from specific countries, so check to see if they will allow you via their website firewall.
More Privacy
Crypto often requires high secrecy because certain information is only available to two persons or sides. In this instance, only you and the betting operator would be aware of the transaction.
Now, let us take a quick look at the disadvantages of crypto esports betting.
Disadvantages of Crypto Esports
Despite the wonderful advantages of crypto esports, some basic disadvantages include;
- Long deposit time
- Lack of support from most bookies
- Volatility
Long Deposit Time
Traditional payment methods allow you to deposit money instantly or within minutes. Crypto transactions can take up to 12 hours, which is an extremely lengthy time to wait for funds to show in your account.
Because of this, you’ll need to plan your betting strategy and deposit money a day or two ahead of time to make sure you get all the bets on specific esports game matchups.
Lack of Support From Most Bookies
Unfortunately, Crypto has yet to gain the widespread acceptance that many people would like or expect.
This is primarily due to certain people’s misconceptions regarding cryptocurrency, and they are unwilling to learn more because they believe it is a hoax.
Others are skeptical about new cryptocurrencies because they could be scams.
There are numerous reasons why cryptocurrency has yet to become engrained in the esports community, but we are already witnessing a movement toward making that happen.
Aside from the sites we mentioned, only some bookies still accept cryptocurrency.
As a result, you’re confined to a few betting operators; this doesn’t imply you won’t have a good time, but having a more diverse variety would be fantastic.
Volatility
Finally, we get to the most talked-about aspect of cryptocurrency: volatility. Most cryptocurrencies endure periods of rise and decrease, which can occur within days of each other.
Others are discovered to be counterfeit and are permanently removed from the market. As a result, the 0.01ETH you deposit today could turn into 0.005ETH tomorrow, reducing your betting balance by half.
This is why you should withdraw your earnings as soon as possible to avoid losing money due to fluctuations in the cryptocurrency market.
Final Thoughts
Crypto esports are gaining popularity as the general public embraces cryptocurrency and the digital gaming industry expands. Without question, the cryptocurrency industry has thrived in esports.
However, there is much more they might accomplish together, and we are interested in seeing where esports goes in the future with the support of blockchain technology.
Because of its greater accessibility, speed, and anonymity, crypto esports allows for more widespread and improved wagering.
Crypto esports tournament has the potential to transform players’ ownership of virtual assets by reducing the danger of fraud and allowing for the formation of decentralized markets.
