Your Guide to CSGO Bitcoin Betting

There is an increasing demand and appreciation for eSports. One of the latest buzzes is the Counter-Strike: Global Offensive (CSGO). There is a significant demand for CSGO betting sites to allow Bitcoin betting. If you are new to this trend, we will offer a comprehensive guide that will highlight everything that you need to know about CSGO Bitcoin betting.

What is Bitcoin? 

The first thing that you need to know is how Bitcoin works. Bitcoin is a digital currency that has been decentralized. No banking institutions or governments control it. It uses a secure technology known as the blockchain, which records all payment transactions. 

Since it emerged in 2009, it has been trending and many people are able to use it to buy goods and services. It is also a popular gambling item in the esports betting realm. 

What are the advantages of CSGO betting with bitcoin?

If you are unsure of whether to start betting with bitcoin or not in CSGO, then you should check out these four benefits that you will get. 

Speed 

The top reason why Bitcoin is more popular than credit and debit cards is the processing speed. If you think cards work faster, then you haven’t tested the speeds of digital currencies. When using this digital currency, the transaction speed is almost instant. 

This kind of speed is what you need in the world of eSports better. You can make quick deposits and withdrawals using this top cryptocurrency. You will no longer have a reason to delay your gambling. 

Anonymity 

If you like your privacy and wouldn’t want people to know you, using a crypto for gambling in CSGO is the way to go. Most gambling sites are strict about the authentication process. They require that you offer critical information when making payments. This is where Bitcoin comes in as you can use it anonymously. You simply need an email account to get started. 

This gives you enhanced privacy. This is an important benefit because it protects you from the hands of hackers who might harm you in case your personal details fall in their hands. It is always a safe option to use a crypto to hide your personal information in eSports betting sites. 

Cost-effective 

The whole idea of gambling is for you to generate profits. You should then work to minimize costs as much as you can. Credit cards and a majority of e-wallet solutions have annoying payment costs when getting money from a CSGO betting site. 

Contrary to that, Bitcoin doesn’t have crazy payment costs. You will save a lot of transaction fees when you pay or withdraw using this digital currency from a CSGO betting site. Apart from that, the kind of security it has is also cost-effective. Cryptocurrencies are tamper-proof and no one can hack and steal from you. To do that, one will need to hack thousands of computers simultaneously. You know of the credit card fraud that you are likely to face when using credit cards. 

Self-reliance 

When betting at a CSGO using bitcoin, you get total control of your wallet. There are no banking institutions to subject you to major security breaches. This means that you can deposit and withdraw when you want. If you check bitcoin casino Canada reviews, you will find that self-reliance is the top benefit. It is always good to be fully in charge of your wallet. 

These are the top benefits that enhance your gambling experience using bitcoin in a CSGO betting site. 

Are there disadvantages to CSGO bitcoin betting?

Check out these drawbacks of CSGO bitcoin betting and compare them with the pros before you get started. 

Limited betting options 

Whilst cryptos is becoming popular, not all CSGO betting sites take crypto as an option. This gets you locked in a few e-gaming sites. This might also limit your strategies since you are unable to bet on any of the available platforms. But there is a sizable number of CSGO betting sites accepting bitcoin. 

Bitcoin is volatile 

The value of bitcoin is always changing. This might be its biggest problem that denies it entry into the mainstream financial market. The price of this cryptocurrency has been on an upward trend since its introduction. It has also suffered some catastrophic setbacks that make it volatile. Until its volatility is settled, it cannot be counted as a widespread payment option.

New technology 

Bitcoin is a relatively new technology. You will need some knowledge when gambling using bitcoin. To start, you should learn about blockchain technology. This information can be gotten from many online discussions fora for CSGO betting. This can be too much for a person who just wants to have fun gambling at an eSports site. 

Final say: Is it worth it?

From the pros and cons of CSGO bitcoin betting, you can decide if it is worth it or not. But if you find a good CSGO site that accepts bitcoin, you will have an amazing gaming experience. 

Author: Adam Lane is a writer an editor at OnlineCasinoHex.ca. He is passionate about online gambling and shares casino industry knowledge with readers. Adam is charged to provide gamblers with safe, reliable, and in-depth casino reviews.