Today, there are so many online crypto bookmakers that finding the right betting platform can be difficult. Since the sharp rise in Bitcoin’s price, many people worldwide are looking for new ways to profit from cryptocurrencies.
If you’re an avid CSGO player, we have good news for you. It’s now possible to earn bitcoin as you play your favourite online game.
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- What is CSGO Betting?
- Pros and Cons of CSGO Betting With Bitcoin
- Choosing Platform That Allows CSGO Bitcoin Gambling
- Best CSGO Bitcoin Betting Casinos: The List
- Is CSGO Bitcoin Betting Legal?
- Is Bitcoin Betting Safe and Secure?
- How to Buy Bitcoin for CSGO Betting?
Bitcoin CSGO betting is becoming extremely popular. However, sadly, this growing popularity also means more opportunities for shady bookmakers to take advantage of unsuspecting players and beginners.
In this CSGO Bitcoin betting guide, we’ll provide you with tips on how to choose the right CSGO betting platforms that accept Bitcoin, as well as inform you about the best CSGO Bitcoin sites available in 2021. If this is your first-time hearing about Bitcoin betting, this guide also has everything you need to know about getting started with Bitcoin CSGO gambling.
What is CSGO Betting?
If you played PC games in the early 2000s, the name CounterStrike should ring a bell. CS:GO, or CounterStrike:Global Offensive, is the latest iteration of this wildly successful first-person shooter and can be found on the Steam marketplace. It is one of the longest-running competitive titles in the esports universe, and now you can even wager Bitcoin on games.
CSGO has become one of the most popular ways to wager crypto on eSports. It is flexible and quite enjoyable to play. But CSGO gambling isn’t just about betting on Counter-Strike and other eSports events. Online casinos that support CSGO gaming also offer a wide range of CSGO skinned casino games, including CSGO Jackpot and CSGO Roulette.
What is Bitcoin In Short
Bitcoin (BTC) was launched in 2009 as a form of decentralized peer-to-peer electronic cash by an anonymous person or group called Satoshi Nakamoto. As a fully decentralized network, Bitcoin is highly secure and is not backed by any government or institution.
Bitcoin transactions are recorded on the blockchain ledger with information such as the date and time of the transaction, the amount transferred and the sender’s and receiver’s wallet addresses publicly available to everyone in the ecosystem. However, personal data such as names, phone numbers, email and home addresses of the parties are not recorded.
BTC transfers are fast, cheap and secured with cryptographic encryption, making them more attractive than traditional payment methods like bank transfers of fiat currency for online betting needs.
In the space of just 12 years, the value of Bitcoin moved from essentially $0 to over $64,000 at its peak (although it’s price does tend to vary wildly due to speculation), with potential for more growth as widespread adoption and acceptance of the currency rises (not investment advice).
If you are worrying you can’t afford one whole Bitcoin, we have good news: you don’t need to buy an entire bitcoin - you can buy fractions of a coin with your credit or debit card from an online cryptocurrency exchange.
Pros and Cons of CSGO Betting With Bitcoin
- Fast deposits and withdrawals
- No personal information required when betting with BTC
- Mouthwatering bonuses from CSGO Bitcoin betting casinos
- Total control over your funds
- Bitcoin is extremely volatile
- Many fake CSGO Bitcoin betting sites
- Some casinos charge a withdrawal fee
If you’re new to crypto, you can follow the steps below to get started with CSGO Bitcoin betting.
Choosing Platform That Allows CSGO Bitcoin Gambling
Before you start betting, the first thing you need to do is find a credible CSGO casino that accepts BTC. While this may seem like a simple task, you should spend some time researching the various CSGO Bitcoin casinos before diving in. The platform you decide to use in the end will significantly affect your CSGO Bitcoin gambling experience.
Before making your decision, consider factors like legal status, reputation, customer service, odd multipliers, promotions (i.e. welcome bonus), and accepted cryptocurrencies (yes, most online caisnos accept other cryptos like Ethereum). To make your life easier, we’ll introduce you to some of the most popular sites later in this article.
While some betting platforms are licensed and regulated, others are not. However, not being regulated does not necessarily mean that the casino is not trustworthy. It just means you probably won’t have any legal recourse in the case that something does go wrong.
Create a Bitcoin Wallet
Creating a Bitcoin e-wallet is fundamental to betting with the cryptocurrency. Think of it as your online bank account. You’ll use it for all deposits and withdrawals to and from your betting site account. Creating an online web wallet is quite simple. Don’t forget to apply security measures to it, and backup your private key.
Next, you will need to purchase some BTC via an online crypto exchange or p2p platform, depending on your preference. Some reputable casinos have partnered with merchants to provide a gateway for players to buy bitcoin or other cryptocurrencies with their credit cards directly through their platform.
Fund Your Account
After purchasing some BTC, you’ll need to deposit the BTC to the casino’s e-wallet address. From your e-wallet, click on send and then paste your casino’s provided deposit address. You then need to enter the amount you want to deposit and click send. Deposits should take between 10 and 30 minutes to reflect in your betting account, depending on Bitcoin’s blockchain.
Note: Always copy and paste the casino’s deposit wallet address and not type it manually. We suggest double and even triple checking that you have copied the correct address because BTC or crypto transfers can’t be reversed. If it’s your first deposit, its advisable to deposit a small portion first, and then the whole amount after the small amount had reached its destination.
Types of CSGO Games You Can Play
The type of CSGO esports events and casino games you can play depending on the casino you choose. CSGO esports tournaments include CBCS Elite League, Perfect World, UCC, and others.
Best CSGO Bitcoin Betting Casinos: The List
As mentioned above, it’s essential to pick the right betting site for your CSGO gaming adventure. It’s not enough to know how to make deposits and place bets; the casino you choose is what ultimately matters most.
To make your decision a little simpler, we have compiled a list of the top CSGO casinos that accept Bitcoin. We considered the major factors before ranking these websites as the best CSGO Bitcoin betting sites included reputation, game selection, the amount of provably fair games, other accepted cryptocurrencies, UI/UX, security, customer service, legal status, promos and bonuses and of course user reviews.
1xbit is an unregulated but reputable cryptocurrency casino and sportsbook that was established in 2016. The platform allows players to bet anonymously and does not require any form of personal information from users. You can even create an account on the website without an email address.
Although the casino started as a fiat currency casino, it has evolved into a crypto-only betting platform with a huge variety of casino games, sports events and live betting options.
1xbit has a long list of Counter-Strike Bitcoin betting events in its esports category. Some of the tournaments include CS:GO Eternity League, CS:GO CBCS Elite League Season 1, CS:GO Ultras League, CS:GO ROG Masters Asia-Pacific 2021, CS:GO Perfect World League Season 1 and numerous others.
Cloudbet is one of the oldest and reputable Bitcoin casinos in existence today. It was established in 2013 with its headquarters in the Netherlands Antilles.
The platform has built a good reputation for itself over the years and takes user safety very seriously. Cloudbet claims that it stores a significant portion of its funds in cold storage to avoid losing users’ funds should a security breach ever arise.
Cloudbet has a professional looking and user-friendly web interface that allows you to quickly find what you’re looking for. You can wager on international CS:GO tournaments like CBCS Elite League, ESL ANZ Championship, Elgiganten Ligaen, DreamHack Masters - Spring, Kayzr League and more. You can also bet on CSGO live events.
Fortunejack was established in 2014 and is owned by the Nexus Group Enterprise Casinos. Over the years, this Bitcoin betting platform has evolved to support a great variety of casino games, sportsbooks and live dealer games.
As one of the top CSGO betting sites, Fortunejack allows players to bet on some of the most interesting Counter-Strike: Global Offensive Tournaments. These include Dreamhack, ESL, Kayzr, DCset Group, UCC, Dust2.dk, LPL, Perfect World, Eden Esports, and Funspark, to name just a few.
Betcoin.AG casino was launched in 2013 with its head office in Costa Rica.
At first glance, the Betcoin website doesn’t exactly inspire confidence because of it’s outdated web design. But don’t let appearances fool, the casino has many plus points and allows players to bet on various CSGO esports tournaments using Bitcoin and other cryptocurrencies.
You can bet on CSGO events such as BCSET GROUP, Funspark, Perfect World, UCC, Sazka, ESL and many more, with new events organized daily.
CSGO Bitcoin Betting: FAQ
Is CSGO Bitcoin Betting Legal?
Yes, CSGO betting is legal. However, gambling itself is illegal in some countries. If you reside in a country where betting is legal, then you can wager on CSGO tournaments with total security. Even if you live in a jurisdiction where gambling is illegal, unregulated sites will allow you to bet - just remember, you do this at your own risk.
Is Bitcoin Betting Safe and Secure?
Yes. The Bitcoin network is decentralized and uses cryptographic encryption to secure transactions. In general, crypto is known and loved for security and privacy.
How to Buy Bitcoin for CSGO Betting?
You can buy BTC from a crypto exchange with your credit or debit card using any fiat currency. Most listed casinos in this guide offer direct Bitcoin buying via their platform.
Now that you know what CSGO Bitcoin betting is and have an idea of some of the best CSGO gambling websites that accept BTC, you can take your pick from the list above and get started with your CSGO betting. If you’re still unsure about which casino to use, we encourage you to do some further reading before getting started. Good luck!