Ranking of the Best eSports Bookmakers with Crypto

Best Esports Betting Sites for Crypto in Nigeria

Many betting sites now offer crypto payment options, and some even use cryptocurrencies exclusively. While this innovation is exciting, not all sites are created equal. Confirming a platform's legitimacy, security, and features is vital for a safe and enjoyable betting experience. Always check reviews, licensing, and security measures before choosing a site.

Here’s a curated list of the top 5 esports betting sites for crypto, along with their standout features:

Looking for more options? Check out the full list of top esports betting sites for crypto.

How to Use Crypto for Deposits and Withdrawals on eSports Betting Sites

It is essential for Nigerian players to understand how to make deposits and withdrawals on eSports betting sites using Crypto.

Deposit on eSports Sites with Crypto

1. Create a Crypto Wallet: Before you can deposit funds, you need to have a Crypto wallet. Choose a reliable wallet that supports the specific cryptocurrency you intend to use.
2. Select a Reputable eSports Bookmaker: Ensure the eSports betting site you choose accepts Crypto deposits.
3. Navigate to the Deposit Section: Once logged in, locate the deposit section on the site.
4. Choose Crypto as Your Payment Method: Select Crypto as your preferred payment method.
5. Enter Deposit Amount: Specify the amount you wish to deposit.
6. Generate Deposit Address: The eSports bookmaker will provide you with a unique deposit address.
7. Transfer Funds: Use your Crypto wallet to send the specified amount to the provided address.
8. Wait for Confirmation: Cryptocurrency transactions on the blockchain can take a little while to confirm.
9. Start Betting: Once the deposit is confirmed, you can start placing bets on your favorite eSports games.

Withdraw from eSports Sites via Crypto

Unfortunately, not all eSports bookmakers offer withdrawal options with Crypto. If your chosen site does not support Crypto withdrawals, you may need to explore alternative methods such as bank transfers or e-wallets. However, if Crypto withdrawals are available, follow these steps:

1. Navigate to the Withdrawal Section: Log in to your eSports betting account and find the withdrawal section.
2. Select Crypto as Your Withdrawal Method: Choose Crypto as the preferred method for withdrawing funds.
3. Enter Withdrawal Amount: Specify the amount you wish to withdraw.
4. Provide Wallet Address: Enter the wallet address where you want to receive the funds.
5. Confirm Withdrawal: Review the withdrawal details and confirm the transaction.
6. Wait for Processing: The eSports bookmaker will process your withdrawal request, which may take some time.
7. Receive Funds: Once the withdrawal is processed, you will receive the funds in your Crypto wallet.

By following these steps, you can easily deposit and withdraw funds on eSports betting sites using Crypto.

Best Cryptocurrencies For Esports Betting

When it comes to esports betting, selecting the right cryptocurrency can make a significant difference in your overall experience. Here are some of the top options, each offering unique benefits for bettors:

Solana (SOL)

Solana is renowned for its blazing-fast transaction speeds, capable of handling over 2,000 transactions per second. This efficiency, coupled with low transaction fees, makes it an excellent choice for esports betting. Bettors who prioritize quick deposits and withdrawals often turn to Solana for a seamless experience.

Ethereum (ETH)

Ethereum is one of the most widely adopted cryptocurrencies in the world, making it highly accessible for esports betting. While it processes fewer transactions per second than Solana (around 12 to 25), its broad acceptance across platforms ensures compatibility with most betting sites.

Bitcoin (BTC)

As the most popular and widely recognized cryptocurrency, Bitcoin remains a solid option for esports betting. Many betting platforms accept Bitcoin, making it an ideal choice for those who already own BTC. Its reliability and universal appeal add to its advantages.

Tether (USDT)

Tether stands out as a stablecoin pegged to the U.S. dollar, ensuring that its value remains consistent at $1 per USDT. This stability makes it a beginner-friendly option for esports bettors who prefer to avoid the price fluctuations common with other cryptocurrencies.

Each of these cryptocurrencies offers distinct features, so choose the one that best aligns with your needs and preferences for esports betting.

Understanding the Pros and Cons of Using Crypto for eSports Betting

As an eSports betting expert, it's crucial to weigh the advantages and disadvantages of utilizing Crypto for your betting endeavors. Below, you'll find comprehensive information outlining the pros and cons of incorporating Crypto into your eSports betting strategy.

Advantages of Betting with Cryptocurrencies

Unlock the advantages of employing cryptocurrencies in e-sports, delving into the distinctive benefits that digital currencies bring to the gaming realm.

1. Privacy

Online betting enthusiasts know there is generally a decent selection of payment options, from debit and credit cards to e-wallets and prepaid cards. However, one standout issue these payment methods can't guarantee is complete anonymity or privacy. In other words, gamblers need to reveal some personal data when using these deposit methods.

For example, suppose the user does not share their data with the gaming provider (as is the case with e-wallets). In that case, they must at least share part of their personal/financial information with intermediaries or third parties.

With cryptocurrencies, all transactions remain anonymous. The privacy level that eSports punters and other online gamblers get when using Bitcoin, Ethereum, Litecoin, or any other crypto is simply unrivaled. Residents in countries where gambling is prohibited prefer cryptocurrencies to ensure their online activities are untraceable.

2. Speedy Transactions

All bettors like to be able to deposit into their online e Sports betting account instantly and start betting right away. After all, that's the reason people sign up with sportsbooks and other online gambling platforms. Hence, it can be very frustrating having to wait to bet just because a deposit has not been processed.

While most payment methods are fast, crypto transactions are instant. In addition, no third parties are involved in crypto payment processing, as with credit cards and e-wallets. This cuts down the transaction time.

3. Increased Security

Most e Sports betting sites take security so seriously that they heavily invest in solid SSL encryption technologies to ensure customers' financial data is under key and lock. However, cryptocurrencies take data security to a whole new level by using what is known as blockchain technology, which is superior to SSL encryption.

4. No Location Restrictions

Some payment solutions restrict transactions to betting online e Sports betting sites in certain jurisdictions or countries. In some cases, the payment options or currency used in a country may not be supported by the gambling platform.

Moreover, there are countries where online betting and gambling, in general, are prohibited, even though an offshore gambling platform would still admit gamblers from those countries. Betting with cryptocurrencies enables punters to get around all these restrictions, allowing them to wager regardless of location.

5. Specialized Bonuses and Promotions

Many eSports betting sites offer bonuses and promotions aimed specifically at punters who deposit with cryptocurrency. While these goodies vary from sportsbook to sportsbook, one constant is that bettors need to use a cryptocurrency to be eligible for these bonuses.

This encourages gamblers to embrace digital currencies as the world gradually moves away from fiat currencies. However, one of the most crucial e-Sports betting tips is that punters must check the terms and conditions of these bonuses and promotions.

Disadvantages of Using Cryptocurrencies for eSports

Explore the potential downsides of utilizing cryptocurrencies in eSports, shedding light on the challenges and considerations associated with their integration into the gaming industry.

1. Fluctuation of Value/Volatility

The cryptocurrency market is volatile, meaning the price of any crypto can change significantly in either direction without warning. For instance, a punter may convert their $200 into Bitcoin and deposit the money into their eSport betting account, only to find that the Bitcoin value has gone down when they withdraw later.

In this case, the bettor will have to incur a loss. Of course, it could go the other way and result in a profit, but the fact remains that cryptos are unstable.

2. Little or No Government Oversight

The cryptocurrency market does not operate under the regulation of any authority or government. This means users have very few options to turn to in case of a problem with their money. However, that doesn't mean cryptocurrency eSport betting sites operate without a license.

Of course, a good number of them are licensed and regulated. Even those without a permit may still be genuine; punters just don't want to leave anything to chance.

3. No Take Backs

Once a bettor has sent funds to their cryptocurrency wallet, those funds are gone. There is no recourse if the money is sent to the wrong address. This is one area where payment methods like PayPal and credit cards outshine crypto payments.

Hence, gamblers must be extra careful when playing with cryptos. The wallet addresses must be captured accurately.

Other Popular Payment Methods for eSports Betting

Besides Crypto, there are other payment methods available that you might find convenient and efficient. As an experienced eSports betting expert, I recommend exploring these alternative options to enhance your gaming experience. Here are five other popular payment methods for eSports betting:

• PayPal: A widely accepted e-wallet that offers fast and secure transactions. Many eSports betting sites support PayPal, making it a convenient choice for players.
• Credit/Debit Cards: Traditional payment methods like Visa and Mastercard are commonly used in the eSports betting industry. They offer quick deposits and withdrawals, but keep in mind potential transaction fees.
• Skrill: Another popular e-wallet that provides a seamless payment experience for eSports enthusiasts. Skrill is known for its low fees and user-friendly interface.
• Neteller: Similar to Skrill, Neteller is a trusted e-wallet that caters to the gaming community. It offers a variety of deposit and withdrawal options for eSports bettors.
• Bank Transfer: While not as instant as other methods, bank transfers are a secure way to fund your eSports betting account. Some players prefer this method for larger transactions.

There are various payment methods available for eSports players, but they should consider transaction limits and fees to choose the best one. Keep in mind your preferences and priorities when selecting a payment method for your eSports betting activities.