While esports betting with cryptocurrencies is similar to betting with other banking methods like Bank Transfer, Skrill, and Neteller, there are several differences between them as well. The complete process of betting using cryptocurrencies and other banking methods is completely the same after the deposits have been made.
After making deposits, you will have to choose a bet for an esports event, and you will have to check out the odds, regardless of whether you are using Bitcoin or any other method for making deposits. The difference between both betting types is in the deposit method.
With regular deposit methods, you will either need a bank account or an e-wallet, which also requires you to open a bank account so you can transfer money to the e-wallet. On the other hand, with crypto, you need a crypto wallet, which is much different than a bank account.
Another difference between crypto betting and betting using other deposit options is anonymity. Crypto deposits allow you to be completely anonymous.
Lastly, we have transaction times and transaction fees. With other banking methods, you can sometimes expect to wait for over a day for a transaction to complete. However, with crypto, the transfer is instant. Crypto also allows for much faster transaction speeds.