The cryptocurrency craze continues at full speed in these last days, as we have just entered the year 2022. Especially when we call the eSport betting industry, almost most of the reliable betting sites have started to use Cryptocurrency in payment methods. However, there are several competitive games that make the use of eSport betting sites attractive. The most important of these is undoubtedly Counter-Strike: Global Offensive. Because it has hundreds of thousands of active players, competitive eSports tournaments, and unique in-game tactical gameplay, it is considered one of the best eSports games in the world.
As we said, the spread of Cryptocurrencies for betting has become an important position, especially for CSGO betting. In this article, we will talk about how you can use Cryptos to place bets on CSGO. Come on, let’s make an in-depth introduction to the subject without wasting time.
What is CSGO Betting with Crypto?
Gambling with Crypto is almost the same as traditional betting games. However, you are using Cryptocurrency instead of classic currencies. While this increases your anonymity, you start to bet more securely. Especially with the spread of eSport bets, users who are technology literate and love to bet have started to use Cryptocurrency gradually. With the increase in demand, many eSport betting websites have allowed the use of various Cryptos for deposit and withdrawal options.
How Can I Use Cryptocurrencies For CSGO Betting?
First of all, you need to have a wallet to use Cryptocurrency. If you are new to CSGO betting with Crypto, don’t worry, we will explain everything step by step. Let’s start.
Choosing a Site to Buy Cryptocurrency
It would be good to choose some Crypto selling sites according to the usage situation in your country. Because in some countries or states, there may be legal regulations regarding Cryptocurrencies. However, we would like to introduce you to some classic sites used by millions of people.
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Coinbase
Coinbase is one of the most used Cryptocurrency wallet services in the world. If you want, you can buy any Crypto coin by paying with your debit cards or credit cards in seconds. Extremely reliable and industry leader in CSGO eSport betting, especially Thunderpick, many websites recommend using Coinbase. That’s why we strongly recommend using Coinbase.
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Binance
Binance is a Cryptocurrency exchange, unlike Coinbase. It has served in many parts of the world and has offices in most countries. It provides the world’s most reliable Crypto trading service like Coinbase. There is a plus here from Coinbase. Coinbase usually sells very popular coins. However, Binance allows the use of many Cryptocurrencies that have proven themselves and their reliability. You pay extremely low transfer fees, especially if you use their own coin, BNB.
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MoonPay
Moonpay is a great and reliable Crypto buying site that works like Coinbase. Specifically, you can buy Cryptocurrencies such as Litecoin, Binance Coin, Tether, and Solana. You can transfer them to many betting sites within minutes, and you can do all these transactions securely with your credit card. Also, if you take a look at Moonpay’s feedback on Trustpilot, you can see how reliable it is.
How Can I Deposit Crypto With CSGO Betting Sites?
If you have a wallet on a site that we have mentioned above or that you have determined, then you are ready. By the way, it takes a maximum of 10 minutes to register, create a wallet and purchase Cryptocurrency. Now it’s time for how we can deposit money on betting sites.
- Betting with Bitcoin was extremely convenient until a few years ago. But to be honest, it hasn’t been very profitable for the past year. Because the increased mining and transfer fees have made it difficult to pay with Bitcoin. Most eSport betting sites have taken precautionary measures and started to receive payments with LTC, ETH, BCH, BNB, DOGE, TRX, XRP, and Tether. You are so lucky to have one of these Cryptocurrencies your deposits will only take a few minutes.
- By entering the site you want to bet on CSGO, you click on the “Deposit” section and display various Cryptocurrencies in the menu that opens.
- Then, to give an example, let’s say you choose DogeCoin. You specify the amount you want to deposit and click deposit. Now a section will open in front of you, and in this section, you will see “Deposit Address,” that is, the Doge wallet of your betting site. At the bottom, you will see the total amount of DogeCoins you have to deposit.
- After this process, you are ready to deposit money. You should log in to the Cryptocurrency site where your wallet is; click on your Dogecoin wallet and click on the withdrawal button. On the page that opens, you must confirm the transaction by entering the DogeCoin address given to you by the site. However, you should pay attention to the amount you enter at this point. That’s all for the transaction, and the money will come to your account within minutes.
- Now you can start CSGO betting with your Cryptos with peace of mind. Good luck.
What are the Advantages of CSGO Betting with Crypto?
You may be in the process of deciding to bet with your Cryptocurrencies in CSGO. To help you, we will talk about the cons and pros of Cryptos in the betting industry.
Pros
- Fast Deposits and Withdrawals
As you know, Cryptos are extremely fast compared to most deposit methods. It is especially advantageous than credit cards, debit cards, and other coin wallets. Especially when we consider the CSGO eSport betting industry, you may want to participate in live betting. For example, Navi and Gambit are fighting in an elimination match. And the result will be 2-2 in the final game. Based on the performance of Navi’s legendary player s1mple, you may need to bet on the last match urgently because such strategic choices can determine the fate of CSGO matches. In this way, you use Crypto coins as a payment option to be fast.
- Anonymity
For most bettors, staying anonymous is an important factor. If you want to bet on CSGO and want to remain anonymous at the same time, Cryptos are the payment method you should use. Because most traditional betting sites will ask you for your identity information and other details when registering. This is exactly where Cryptocurrency is born. You do not have to give your personal information to anyone. You can simply register on sites that support Crypto payments with just your email. Since you will make your payments 100% anonymously via Cryptos, you can happily place CSGO bets in complete privacy
- Low Transfer Fees
People usually place bets to make a profit. Why would you want to lose money with unnecessary expenses? Using Cryptocurrencies to reduce this to the lowest possible will get you one step ahead. Especially CSGO eSport betting sites such as Thunderpick do not deduct any fees from you when you pay with Crypto. On the contrary, they describe a great bonus of 5% when you pay with Cryptocurrency. These bonuses are usually implemented to encourage paying with cryptocurrency.
Cons
- Volatility
Actually, we are not sure how much of a disadvantage we can call this because Cryptocurrency volatility can sometimes produce good results. Sometimes you can have a disaster. Because most Cryptos do not have a centralized system, high increases and decreases can be experienced. We’ve added this to the top of our disadvantages list because there is no consistent price traceability.
- Scam Sites
As you know, there are hundreds of sites in the eSport betting industry. However, most of these sites are scams. That’s why we recommend that you examine the Trustpilot feedback in detail when choosing a betting site. It is also very important that you check, especially if there are any scandals in your past. Otherwise, there is a chance that your Crypto will be wasted as you are already paying in an untraceable currency. Happy bets.