One of Esports’ trailblazers, League of Legends is a hugely popular video game at both tournaments and betting sites. While CS:GO may be a punter’s favorite, LoL has more fun markets which aren’t strictly tied to match or tournament winner. You can place live bets on LoL matches which last much longer than CS:GO skirmishes making them a much more attractive option for new and seasoned punters.
One of the best new things introduced at betting sites is the addition of Bitcoin and cryptocurrencies on the lists of payment methods. It caught fire pretty quickly in the industry, allowing players to spend their hard-earned (or mined) Bitcoins while betting on their favorite video game. It’s no secret that LoL betting with Bitcoin has become a hit in 2021. If you want to learn more about it, we’ll show you how to use BTC to bet on the biggest LoL tournament in this guide.
Table of Contents
What is LoL Bitcoin Betting?
LoL betting using Bitcoin is a process in which punters bet BTC on League of Legends tournaments and games. As one of the premier Esports you can bet on, betting sites offer a slew of tournaments and matches to bet on. Those include:
- The International
- LoL World Championship
- European Masters
- Prime League
- PG Nationals
This is just a fraction of the LoL tournaments you can bet on. Not surprisingly, many of these are worth millions, something which was unimaginable years ago. LoL betting and Esports betting were ridiculed when they first hit sports betting sites, but have grown into a powerful industry of their own with live streams and more betting markets that you can ever imagine.
Betting on LoL tournaments and matches with Bitcoin is even easier than betting with fiat money. You will need a digital wallet and Bitcoins, of course, but if you’ve got both, setting the payment up and placing a bet at LoL Bitcoin betting sites is fast and easy.
How to Bet on LoL with Bitcoin?
Even if you’re new to Bitcoin betting, most bookies will have handy guides showing you how to do it. The process of placing bets with BTC is actually fairly simple – it’s the setup that might look complicated. However, if you follow the on-screen instructions you’ll be betting on the biggest LoL matches and tournaments in a jiffy.
- The first thing you need to do is find a reputable betting site. The market is pretty saturated with options right now, and unfortunately, not all of them are great. Find a trusted and safe online bookmaker, then register, get a bonus if it has one, and log in with your new credentials.
- Now it’s time to make a deposit. Head to the Cashier/Payments page and start by making a deposit. If your LoL sportsbook supports cryptocurrencies, you can easily choose BTC from the list of options.
- Enter the amount you want to deposit. It should be displayed in EUR/USD/GBP instead of BTC, just to make things easier for you. You will then need to collect your Bitcoin wallet with the site so you can finish the transaction. If you’re using an app or a mobile-optimized website, you should be able to do that easily by scanning a QR code.
- Check the balance on your account – the BTC should be available instantly. The best LoL betting sites will charge no fee on deposits, so you won’t spend extra cash to bet online.
Now that you’ve entered the world of Bitcoin LoL betting, it’s time to explore the markets and find valuable odds. We strongly suggest giving it a try. LoL betting is a special Esports betting beast, especially if you choose to bet with Bitcoin on it.
Read Next: Xbox One Microphone Issue: Run This Checklist to Fix it!.