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Thursday, May 30, 2024

Crypto and the Controller: How Digital Currencies are Transforming the Global iGaming Landscape

Blockchain technology and digital currencies like Bitcoin (BTC), Litecoin (LTC), Tether (USDT), and Ethereum (ETH) are helping to shape the iGaming industry like never before. 

There are many perfectly secure online sports betting casinos (fully licensed iGaming sites with sports betting services and hundreds of games under one roof) that accept cryptocurrencies for deposits and withdrawals. 

Let’s dive straight in and take a closer look at how digital currencies are transforming the global iGaming landscape. 

How have digital currencies revolutionised the global iGaming landscape? 

In recent years, there has been more of a shift towards cryptocurrencies, especially in the iGaming industry, which encompasses all real-money gambling sites that are licensed by renowned iGaming licensing authorities. 

Digital currencies like Bitcoin, Litecoin, Tether, and Ethereum have helped revolutionize the iGaming landscape simply by making these sites more accessible to the masses. Cryptocurrencies have single-handedly helped attract a new wave of global players to today’s biggest sites.

Millions of players worldwide still prefer to use something other than traditional payment methods or fiat currencies to pay for goods and services at the checkout and prefer using cryptocurrencies instead. 

Examples include real-money online casinos with sports betting services, like the official 10bet website, dedicated poker sites, and bingo and lottery sites. The 10bet platform also has many eSports betting markets, with some of the iGaming industry’s most competitive odds for today’s biggest esports events.

Crypto-accepting sites like this have opened up a new world of possibilities for players who would have otherwise been unable to place a wager on their favourite eSports team or play their favourite online casino games. 

What are the advantages of using cryptocurrency for deposits and withdrawals at licensed eSports betting sites?

Cryptocurrencies (which are also referred to as digital currencies) have several advantages for online gamblers. 

First of all, any deposits and withdrawals you make using the cryptocurrency payment method come with higher levels of security than traditional payment methods like credit & debit cards, bank transfers, and e-Wallets (which are otherwise known as digital wallets, electronic wallets, or web wallets). 

Therefore, it’s safer to use cryptocurrencies because of the more sophisticated levels of encryption. In other words, there’s less likelihood of your transactions getting hijacked or your personal details/payment method details being compromised when using cryptocurrency. 

Transactions processed with credit and debit cards and other traditional payment methods are more vulnerable to cyberattacks. Some players also prefer the anonymity that comes with using digital currencies like Bitcoin.

Also, cryptocurrency deposits and withdrawals tend to be processed much quicker than other payment methods. In some cases, it can take as little as a few minutes to receive your winnings. Additionally, players who use cryptocurrency can usually deposit and withdraw higher amounts. 

Usually, there are no transaction fees when using cryptocurrency. The same cannot be said when using certain traditional payment methods, which sometimes add tiny fees to each transaction.  

This nominal amount is hardly noticeable and can vary depending on your chosen payment method. Remember that the casino will never add fees to your deposits or withdrawals; only certain payment processing companies do this. 

One of the biggest advantages of using cryptocurrencies is that players living in countries with strict online gambling laws where there are no legally permitted homegrown iGaming sites can now enjoy playing hundreds of casino games and place eSports bets in a safe environment from their desktop or mobile devices at trusted sites like 10bet. These players can also now verify the legitimacy of games and the fairness of outcomes.

What is the best crypto-accepting casino site?

As mentioned, one of the best crypto-accepting online casinos today is the official 10bet website, which lets players in certain countries use cryptocurrencies. 

Remember that depending on which country you live in will determine exactly which payment methods you can use to deposit and withdraw when you sign up here. 

The best thing to do would be to head straight to the cashier/banking section or contact player support (by email, live chat, telephone, etc.) to see if your preferred crypto or traditional payment method is accepted. 

What are the biggest eSports tournaments to bet on in 2023?

If you enjoy watching competitive eSports events and fancy having a flutter on any upcoming events, some of the biggest tournaments to keep an eye out for are the following major eSports tournaments:

  • The Call of Duty Championship
  • The BLAST Premier League
  • Worlds 2023, which is also known as the League of Legends World Championship or the LOL Championship)
  • The Honor of Kings International
  • The ESL Pro League Championship
  • The Wild Rift League
  • The Fortnite World Cup
  • The International

Some of the most iconic video games played at these events are hit titles such as Call of Duty: Warzone, PUBG: Battlegrounds, Counter-Strike: Global Offensive (CS:GO), Tom Clancy’s Rainbow Six Siege, Dota 2, League of Legends (LOL), and Minecraft. 

Other popular games played at these events by successful eSports teams like Fnatic, Team Liquid, Evil Geniuses, 100 Thieves, Cloud9, and OpTic Gaming are Rocket League, Valorant, World of Warcraft (WoW), Overwatch, Fortnite, and NBA 2K23/NBA 2K24, to name a few. 

Final note

Before betting on any eSports event, always take the time to research as much as possible about the different teams and stay up to date with the latest news. 

Remember to gamble responsibly, and only attempt to sign up to a licensed eSports betting site if you are of legal age in your jurisdiction (usually 18 in most places, but it can be 19 or 21, in places like Canada and the US).

David Wojnicki
David Wojnicki
"He who licks knives will soon cut his tongue."
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