In truth, the digital currency began its life back in 2009, and its story has been full of ups and downs – quite literally. But even when it hit its low point, Bitcoin managed to scrape itself back up and become a huge entity.
In the course of its expansion, Bitcoin has started to be accepted at multiple online gambling sites, including some of those that provide esports to players. With this being the case, you’re able to find sites that allow deposits to be made in Bitcoin and bets to also be placed by using the cryptocurrency.
Anyone choosing to bet on CS:GO can also participate in this, using their Bitcoins to place wagers and earn winnings in it, too. All you need to do is locate a platform that provides CS:GO betting and accepts Bitcoin deposits, and you’re on to a winner. Let’s find out more about doing this, though, shall we?
Top Sites for CS:GO Betting with Bitcoin
So, it’s best to know which sites are the best ones for making CS:GO bets with Bitcoin. That’s exactly why we have brought together this collection of online platforms for you to check out and indulge in a bit of CS:GO betting. But why exactly are they the best of the best out there for using your Bitcoins at?
Well, as it stands, we have gone through all sites that accept and provide CS:GO Bitcoin betting and made sure to test how they operate and what features they have. This way, we have tested all of the relevant sites and are able to advise on which ones really gave us the best experience.
Naturally, this involved us signing up and depositing with the Bitcoin cryptocurrency before we went onwards and made wagers with it, too. We’ve put ourselves into the situation of using Bitcoins at these websites, so we know which ones do it the best. We’ve looked at how easy it was to deposit with Bitcoin, how swift transactions are, how enjoyable it is to bet with the cryptocurrency at these sites, and more. From that, we’ve managed to create a selection of the top sites for CS:GO betting with Bitcoin.
Why Bet on CS:GO with Bitcoin?
“Well, why not?” seems to be a perfect answer to that question. When you think about it, it’s obvious that Bitcoin and CS:GO betting were kind of made for each other. Esports betting is something that’s done online, and Bitcoin is a digital cryptocurrency that uses online technology. Don’t they just fit together like puzzle pieces?
In all seriousness, though, Bitcoin provides a very efficient way of placing CS:GO bets. Deposits with this cryptocurrency are usually instant, and withdrawals are also exceptionally fast, usually completing within 15 minutes of your chosen platform processing the cash-out.
However, perhaps the biggest perk of using Bitcoin to bet on CS:GO is the fact that it’s a completely anonymous payment method. You don’t exchange any personal details with your chosen platform when you opt to use this cryptocurrency for betting. This makes it a safer payment method to use, which is what appeals to so many of its users.
Speed. Efficiency. Anonymity. Three things that make CS:GO Bitcoin betting such an appealing option to go for. Who wouldn’t want to involve themselves with it, in this respect?
How to Get Started Bitcoin Betting
Something else that makes Bitcoin so appealing is the fact that getting the digital currency isn’t so difficult. To get started with Bitcoin betting, you need to purchase some Bitcoins. This is done via an exchange, of which there are several already available online. Make sure that you also have a secure wallet to store the Bitcoins in, too.
Once you have gone through the procedure of exchanging your standard fiat currency for Bitcoins, you can begin your deposit into one of our recommended CS:GO sportsbooks. All you need to do for this is make sure that you know the address of the sportsbook’s Bitcoin wallet and the address of your own wallet. From your own wallet, click on the “Send” button and copy and paste the wallet of the sportsbook.
Upon doing so, you can then enter the number of Bitcoins that you would like to transfer into your online account and use the “Send” button once more to complete the transaction. Usually, a Bitcoin deposit will be instant, giving you the chance to start your CS:GO wagering straight away. In rare cases, it can take up to 15 minutes for the funds to show in your sportsbook account.
From there onwards, you can navigate to the CS:GO section of the platform you’re betting at and begin making your bets. Your balance will display the Bitcoins that you have left, so you can deposit additional funds or withdraw funds depending upon what you see there.
Pros and Cons of Betting with Bitcoin
- Anonymous deposits and withdrawals
- Fast transactions
- Less likely to have transaction fees associated with them
- It’s still a very volatile currency
Bitcoin FAQs
Is Bitcoin Gambling Legal?
Yes, Bitcoin gambling is legal where fiat currency gambling is also considered legal. The cryptocurrency has not been subjected to any kind of alternative legislation for the time being.
What Is the Difference Between BTC, mBTC, and uBTC?
BTC is an abbreviation for the Bitcoin cryptocurrency. One-thousandth of a BTC is known as a milli Bitcoin, or mBTC. Meanwhile, a millionth part of a BTC is known as a micro Bitcoin, or uBTC. Many online gambling sites will allow you to place bets in mBTC, and it remains a popular stake.
Do Online Platforms Provide Free Bitcoin Rewards?
Some online sportsbooks do provide free Bitcoins to players as part of welcome offers, ongoing promotions, and other perks.
How Long Does a Bitcoin Deposit or Withdrawal Take?
Deposits via Bitcoin should be instant, meaning that you can start betting straight away. Withdrawals shouldn’t take any longer than 15 minutes after your chosen platform processes the request.