Generally, most casinos and sports betting sites were not offering esports betting when they began. This meant that crypto sites had to take the reins. Primarily, the first esports betting sites were operated by crypto only, where Bitcoin stood as its prominent player. Therefore, we can say that Bitcoin played a significant role in esports success. The popularity of esports betting can be attributed to crypto, which continuously gives more reasons why gamblers should use it to bet on esports.
What are Crypto eSports Betting Sites?
Primarily, crypto esports betting sites have depicted tremendous growth in the online betting world. These sites have started frequently appearing since esports are extremely popular now. Nevertheless, it is advisable you conduct good research if you want to join the esports cryptocurrency betting. This is because not all sites you will see are authentic, and this comes as a side effect for fast-growing industries.
How Has Cryptocurrency Impacted the eSports Betting Industry?
Since the beginning of esports betting, crypto has played a significant role in its development. Crypto was the first currency to adopt esports betting as a practical idea, and since then, it has been on the lead to see its success. Additionally, the emergence of crypto as a method of payment for gambling has influenced gambling as a whole. Therefore, more and more sites are now offering bettors an opportunity to utilize crypto in betting. Cryptocurrency depicts a promising future in the esports betting industry.
Factors to Consider When Selecting an eSports Betting Site
Before deciding on the crypto betting site you will invest in, there are several factors you must consider. While getting the right site following the flooded market can be overwhelming, here are some guiding factors to consider.
Withdraw and Payout Terms and Speed
How long will it take you to withdraw your winnings? While crypto generally offers a fast transaction speed, some sites will include processing time, slowing down the entire process. It is essential to check how much time the add takes to calculate how long your withdrawals will take.
Withdrawal and Deposits Alternatives
An ideal esports crypto betting site should have a wide selection of crypto payment methods. Remember, if your selected crypto is not available, you will have to make an exchange before playing. Ensure you first check the offers a site has before you begin betting.
ESports Available
If you want to gamble on esports, you must guarantee that your prospective site has it. If the site has a poor choice of markets or no esports available, it will not offer the required flexibility. Always ensure you check what is available before signing into any site.
Where the Site is Licensed
It is important to note that not all licenses are the same. Depending on the licensing site, some licenses will have a better reputation than others. It is best to check your prospective site’s licenses so as to determine its authenticity. Some of the best regulators include Curacao, Sweden, UK and Malta.