Betting on streams using bitcoins is a concept that combines popular online activities: watching live broadcasts and gambling with cryptocurrencies. This type of betting allows users to place bets on various events happening during live broadcasts, paying for them with bitcoins. Bitcoins are one of the most well-known cryptocurrencies, providing anonymity and fast transactions. This makes them an attractive choice for gamblers looking to place bets on streams.
How to start betting with bitcoins?
Betting on streams with bitcoins can be done on various types of events, such as sports competitions, esports tournaments, political events, TV shows, and more. The main advantage of this type of betting is the ability to place bets in real-time, watching the course of events live. The process of betting on streams using bitcoins usually goes through specialized platforms that provide services for accepting bets and paying out winnings. These platforms ensure the transparency and security of transactions and offer the user a wide selection of events for betting. If you want to bet on streams with bitcoins, you should register on the GAD.BET platform, fund your account with bitcoins, and choose the event you are interested in for betting. In addition, don’t forget to monitor current cryptocurrency rates, as the value of bitcoin can fluctuate, which may affect your potential winnings or losses.
Where to get bitcoins for betting?
Bitcoin is a decentralized cryptocurrency based on blockchain technology. It was created in 2009 by an unknown developer or group of developers under the pseudonym Satoshi Nakamoto. Bitcoin provides anonymity, fast transactions, and is not dependent on central banks or governments. To obtain bitcoins, you can:
- Buy them on a cryptocurrency exchange, such as Binance, Coinbase, or Kraken, using fiat currencies (dollars, euros, etc.) or other cryptocurrencies.
- Sell goods or services and receive payment in bitcoins.
- Engage in mining, i.e., extracting bitcoins using computer equipment (although, nowadays, this may be unprofitable for ordinary users due to high competition and electricity costs).
How to create a wallet for bitcoins
To create a wallet for storing bitcoins, follow these steps:
- Choose the type of wallet. There are different types of bitcoin wallets: hardware, mobile, desktop, and web wallets. Hardware wallets, such as Trezor or Ledger, provide the highest security but come at a cost. Mobile and desktop wallets, such as Electrum or Mycelium, offer a good balance between security and ease of use. Web wallets, like Blockchain.info or BitGo, are accessible via the internet and provide convenience but may be less secure.
- Download and install the wallet software (if you chose a mobile, desktop, or web wallet). Follow the instructions on the website or in the app to set up the wallet on your device.
- Create a new wallet. You will be prompted to create a private key or seed phrase (a set of 12 or 24 words) that will be used to access your wallet and recover it if necessary. Store this information in a safe place, as you won’t be able to access your funds in case of loss or damage to your device without it.
- Secure your wallet. Set a strong password for your wallet and enable two-factor authentication if possible. This will help protect your wallet from unauthorized access and hacking attacks.
- Obtain your wallet address. Your wallet address is a unique combination of letters and numbers, similar to a bank account number. It is used to send and receive bitcoins. You can find your wallet address in the “Receive” or “Receive bitcoins” section of your wallet. Now your wallet is ready for use, and you can send and receive bitcoins. In addition, don’t forget to regularly update the wallet software and perform backups to ensure the safety of your cryptocurrency.
Streaming platform Gad.Bet and betting in Bitcoins on streams
The streaming platform Gad.Bet offers the opportunity to watch live broadcasts of various types of events, such as sports events, esports tournaments, gaming streams, and much more. One interesting feature for users on this platform is the ability to place bets on the outcome of events using cryptocurrencies like Bitcoins.
The streaming platform Gad.Bet supports Bitcoin betting on streams, and to place a bet, you need to register on the platform and create your account. Then, you should fund your account with Bitcoins using your cryptocurrency wallet. After topping up your account, you will be able to select the stream you are interested in and place a bet on a specific outcome or event.
The Gad.Bet platform offers various types of bets, such as the victory of one side, the number of goals or points, player statistics, and so on. Wins and losses are calculated automatically, and funds are credited or debited from your account on the platform. It is important to remember the risks associated with gambling and to play responsibly.
Don’t forget to also keep an eye on the Bitcoin exchange rate, as its fluctuations may affect the value of your bets and potential winnings or losses.
Betting in Bitcoins on sports streams
Betting in Bitcoins on sports streams offers users the opportunity to place bets on various types of sports events using cryptocurrency instead of traditional fiat currencies. The betting process involves several steps:
- Choosing a platform: Find an online platform or bookmaker that accepts bets in Bitcoins on sports streams. Make sure the chosen platform is reliable and has a good reputation.
- Registration and funding your account: Register on the chosen platform, create an account, and fund it with Bitcoins from your cryptocurrency wallet.
- Selecting an event and placing a bet: Find the sports stream you want to bet on and explore the available betting markets (e.g., match winner, total, handicap, etc.). Place your bet by specifying the desired amount in Bitcoins.
- Awaiting the outcome: Watch the stream in real-time and follow the events. After the event is over, winnings or losses will be automatically credited or debited from your account on the platform.
- Withdrawing funds: If you want to withdraw your winnings, send a withdrawal request to your cryptocurrency wallet.
Be aware that fees and withdrawal limits may apply. In addition to standard sports betting, some platforms also offer live betting, where users can place bets on various events as they unfold in real-time. Be aware of the risks associated with gambling and play responsibly.
Moreover, keep an eye on the Bitcoin exchange rate, as its fluctuations may affect your potential winnings or losses.
Betting on esports in Bitcoins
Betting on esports in Bitcoins offers the opportunity to place bets on esports events using cryptocurrency instead of traditional fiat currencies. Below is a list of the most popular esports tournaments with peak viewership and prize pools:
|№||Tournament||Peak Viewership||Prize Pool|
|1||The International (Dota 2)||~2,000,000||$34,330,068 (2020)|
|2||Fortnite World Cup||~2,300,000||$30,000,000 (2019)|
|3||League of Legends World Championship (Worlds)||~3,882,252||$2,340,000 (2020)|
|4||PUBG Global Championship||~1,000,000||$2,000,000 (2019)|
|5||Call of Duty League Championship||~330,000||$2,000,000 (2020)|
|6||Intel Extreme Masters Katowice (CS:GO)||~1,000,000||$1,000,000 (2020)|
|7||Overwatch League Grand Finals||~1,000,000||$1,500,000 (2019)|
|8||StarCraft II World Championship Series (WCS)||~200,000||$500,000 (2019)|
|9||Hearthstone World Championship||~200,000||$500,000 (2020)|
|10||Rainbow Six Siege Pro League Finals||~318,000||$290,000 (2019)|
Please note that this table format may not be compatible with every text editor or platform. Adjustments may be necessary depending on where you intend to paste it.
Esports betting can offer a wide range of events and games, such as Dota 2, League of Legends, Counter-Strike: Global Offensive, Overwatch, and many others. As with betting on traditional sports events, play responsibly and be aware of the risks associated with gambling. In addition, keep an eye on the Bitcoin exchange rate, as its fluctuations may affect the value of your bets and potential winnings or losses.