Over the last decade, the demand for eSport betting has been growing drastically. The same goes for CS:GO gaming that has become a popular betting destination. Recently, it has started offering Bitcoin as a form of payment, which makes the whole process incredibly innovative.
If you are ready to take the first steps at CSbet, read quickly the information below.
What is Bitcoin? Bitcoin is known as a digital currency that has been decentralized. It operated independently, being out of financial institutions or governments control. Its functionality is based on secure technology, namely blockchain, which keeps track of all payment operations.
Since 2009, Bitcoin has turned into a serious trend used for payment purposes. Eventually, it has become a popular gambling item in the esports betting environment.
The advantages of CS:GO Bitcoin betting
If you start betting with Bitcoin in CS:GO, you will have four benefits to enjoy. Here they are:
Speed: Unlike credit and debit cards, Bitcoin operations can be processed almost instantly. While using this digital currency, the transaction speed is really impressive. In the world of eSports betting, this is a kind of speed is all you need for making quick deposits and withdrawals. You won’t have to postpone your gambling plans anymore.
Anonymity: If you care about your privacy and wouldn’t want anyone to approach your personal data, you may find a crypto the most reasonable option for CS:GO gambling. Most gambling sites are strict about the registration and verification procedures.
They need you to provide a lot of sensitive information to be able to make payments and start gaming sessions. This is where Bitcoin can be quite useful due to its anonymity. To use this crypto, you just need an email account to get started.
Cost-effectiveness: When it comes to gambling, you should keep your funds at the minimum. Credit cards and e-wallets usually have high fees for transactions via CS:GO betting sites. Meanwhile, Bitcoin doesn’t have these annoying costs. Bitcoin is also tamper-proof so that no one can hack and steal from you.
Self-reliance: When betting at a CS:GO with Bitcoin, you keep your funds under control. Thus, you can proceed with deposits and withdrawals whenever you feel like it.
The disadvantages of CS:GO Bitcoin betting?
CS:GO has certain drawbacks to be careful with. Make sure to compare them with the positive aspects before you get started.
Limited betting opportunities: Whilst Bitcoin is becoming popular, not all CS:GO betting resources have started accepting it. This gets you locked in several e-gaming sites. This might also limit your strategies because you are unable to bet on any of the existing platforms.
At the same time, there are more than enough CS:GO betting sites accepting Bitcoin.
Volatility: The value of Bitcoin is constantly changing. This might be a serious problem that denies it entry into the primary financial market. The price of Bitcoin and other cryptos is constantly jumping up and down. Until its volatility is settled, it cannot be viewed as a widespread payment option.
New technology: Bitcoin is considered to be a new technology. So, it requires some knowledge from you before you decide to use this crypto for gambling. Ideally, you learn about blockchain technology by checking online information resources. It might be too much for those who come here for pure fun.
Considering the above-mentioned pros and cons of CS:GO Bitcoin betting, you can decide whether this payment format is suitable for you or not. If you find a good CS:GO resource that accepts this crypto, you will have an excellent gaming experience. Just give it a try!