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How Online Wallets, Crypto and eSports All Go Hand in Hand

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How Online Wallets, Crypto and eSports All Go Hand in Hand

eSports has grown into a massive industry over the last decade, with huge tournaments offering life-changing prize money. You must only look at some of the events in 2022, including the International 11 with a prize pool of $1,600,000 and League of Legends World Championship with over $2,000,000 available to understand the money on offer.

As the popularity and the money within eSports have grown, so has the number of people wanting to have a wager on the big events and matches. Not only is it possible to bet on eSports games using regular currency and online wallets, but crypto eSports betting is also an option.

Online Wallets

Online wallets have long been a part of betting. Online sportsbooks need to have a variety of payment options available because people have their own preferences when it comes to making payments online. Examples of popular online wallets include Skrill and Neteller. There are many leading betting sites that take Skrill and this wallet has been in existence for over 20 years.

Skrill is available in more than 200 countries and has over 30 million users, so it quickly becomes clear why online wallets, such as Skrill, have become a crucial element of eSports betting. With so many people worldwide using Skrill, it makes sense for those operating eSports betting websites or games that have a freemium model, to accept online wallets.

Cryptocurrency

Cryptocurrency has become a major playing in not only the online gambling world but also everyday life. It is possible to purchase items in stores and online using cryptocurrency and many people are using crypto to gamble on eSports. There are several major online eSports gambling websites that support cryptocurrency, and it has fast become one of the leading methods for depositing and withdrawing funds.

Specialist eSports betting websites have been developed and they are happy for people to make payments and place wagers using cryptocurrency. The process of placing a bet using crypto is like that of Skrill or Neteller but the value of the currency changes daily and that makes timing crucial.

eSports Betting

It is fair to say, eSports betting has exploded in recent years. Several new online sportsbooks have been developed with the focus on eSports betting. Long established online sportsbooks have taken steps to include eSports betting markets and any online sportsbook worth joining must have a selection of eSports markets.

One of the many excellent features of eSports betting is live betting and you can follow matches using live streaming and place a bet as the action unfolds. Live streaming is usually free if you have a funded account or have placed a bet on the match in question. With tournaments taking place all over the world on a regular basis, eSports betting markets are available daily and that adds to the attraction for gamblers.

The Link Between All Three

It is quickly becoming apparent how online wallets, crypto, and eSports go hand in hand. Millions of people on the planet enjoy watching the big eSports events and there are millions of people who like to have a wager. Therefore, there is plenty of demand for online eSports betting markets. Many people who are following the latest developments in eSports, are also at the forefront of technological developments, including cryptocurrency.

So, it makes sense people want to have a wager on eSports matches and tournaments using cryptocurrency. To do that, a crypto wallet is required, and this works in a comparable way to Skrill and other well-known online wallets.

There is clearly a link between online wallets, crypto, and eSports. They come together to form a fantastic online betting experience, where it is possible to watch live eSports events and use wallets to bet on the outcome, including crypto wallets.

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