Bitcoin and eSports are the bread and butter of most betting sites. The combination of these two is the most in-demand service bettors keep on looking for to satisfy their hobby and to earn money. You see, betting on eSports can provide one with lots and lots of Bitcoin—bigger than anyone can imagine if you just choose the right team.
The eSports Industry Awards’ game of the year, CS:GO, is the best eSports for you if you want to test your luck and wager some Bitcoins. CS:GO Bitcoin betting’s rise in popularity takes up a big percentage of total bets wagered on eSports since 2010. The number now amounts to five million bets.
ADVANTAGES OF USING BITCOIN WHEN BETTING
If you want to start an investment, start with the most viable digital currency: Bitcoin. This revolutionary product grants players the luxury of anonymity, decentralization, relatively low transaction fees, and lightning fast deposits or withdrawals. All thanks to its mysterious creator, Satoshi Nakamoto.
Since Bitcoin is decentralized, there would be no government, banks, or any central authority to stop you from spreading your bet on CS:GO. There would be no taxes or service charge to collect. The only process involved is the deal between you and the bookmaker. Some CS:GO betting sites charge low transaction fees, but most of them accept Bitcoin betting with no charge for both deposits and withdrawals.
For your safety and privacy, you can remain anonymous as long as you want. The Sportsbook account you use for CS:GO Bitcoin betting and your Bitcoin Wallet’s address can only be accessed with your permission and identity. Most betting sites have a Two-Factor Authentication feature for a more solid security wall between you and other bettors. Despite Bitcoin using a public blockchain, the addresses will remain hidden. You are protected from any online attacks from identity thieves, hackers, and scammers.
For your convenience, Bitcoin provides fast deposits and withdrawals for CS:GO betting sites. Your digital fund will be transferred back and forth in just a blink of an eye because Bitcoin transactions only use the power of the internet. You can bet on CS:GO wherever you are in the world as long as you have access to WiFi or anything connected to the internet. Your deposits and withdrawal transactions only require your Bitcoin Wallet, nothing else. Hence, you can expect payments and cashouts to be down within minutes.