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Safe Use Of Cryptocurrency For E-gambling

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The e-sports are at a boom across the world. While people worldwide are getting to e-sports, many want to bet on these. E-sports betting is possible with cryptocurrencies as well! But how? Is it safe to use cryptocurrency for e-sports gambling? How can you avoid crypto wallet and transaction scams? Let’s explore the world of e-betting with cryptocurrency and help you with all your doubts.

Is cryptocurrency safe to use for e-betting?

You can refer to coingambling.info as a platform where you can find brands that use cryptocurrency for e-betting. Here are the reasons:

  • Security: Blockchain forms the foundation of cryptocurrency, providing top-notch transaction security. You can’t mess with crypto bets at all — blockchain’s see-through nature and spread-out structure ensure that! The transparent decentralized blockchain setup has a huge impact on keeping cryptocurrency wagers tamper-proof.
  • Privacy: Cryptocurrency gives users more privacy than regular money transfers and is quicker, too. When you bet online, crypto deposits and withdrawals beat old-school bank transfers hands down, they’re way faster. 
  • Faster transactions: Crypto transfers beat old-school bank methods hands down when it comes to speed. Players can deposit and cash out from betting sites much quicker using digital currencies. 

Cryptocurrency e-betting is a secure option due to its use of blockchain technology. You can place bets, move money in and out, and enjoy e-betting thrills without much worry. However, using crypto for e-betting does have some drawbacks too. Some of them are:

  • Volatility of the cryptocurrency: Crypto prices often fluctuate. Your bet’s value can shift fast, affecting how much you might win or lose. 
  • Security risks: While cryptocurrency itself is safe, if a secure wallet or exchange is not used, you might get scammed. 
  • Rules and regulations: Regions around the globe have different rules and regulations for cryptocurrencies. You have to ensure that you choose the legal cryptocurrency wallets and exchanges in your region.

While these cons can be daunting, there is a solution to everything. You can enjoy the excitement of online betting without stressing over crypto price swings and safety issues. Let’s explore how.

How Can You Safeguard Yourself Against Cryptocurrency Wallet And Exchange Scams?

Even though cryptocurrency is safe to use for e-betting, you still can land into a scam. Here’s how you can safeguard yourself from cryptocurrency wallet and exchange scams:

  • Stick to reliable crypto platforms for trading and storage. Avoid sketchy wallets that might turn out to be cons. Exodus, Coinbase, and CoPay rank among the top trusted options for buying, selling, and keeping your digital coins safe. These reputable services have a proven track record in handling cryptocurrency transactions. 
  • Use 2FA methods, such as a code sent to your phone or an authenticator app, to safeguard your wallet. This adds an extra layer of protection above the passwords. 
  • Keep your private keys private! Don’t share them with the wallet or exchange’s customer support. If someone asks you for the private key, it is potentially a scam.
  • Do not click on suspicious links or attachments sent via mail. They can be phishing attacks that the scammers use to scam you. 
  • Keep updating your software. Software updates also roll out security updates, which can provide extra protection for your account. 
  • There’s nothing like ‘Get Rick Quick’ in e-betting. If something is sounding too good, it’s too good to be true. Don’t fall for such traps. 

Cryptocurrency betting reshapes the betting world, and fraudsters push boundaries to break in. You must maximize your wagers and dodge the cons. The responsibility falls on you to make smart bets and protect yourself from tricksters. Scammers show they’ll do anything to cheat the system. It’s crucial to stay alert and get the most from your bets while avoiding scams. 

How To Protect Yourself From The Volatility Of Cryptocurrencies?

Cryptocurrencies are highly volatile! You can protect yourself from the volatility by diversifying your crypto portfolio. Also, every e-sports betting platform might not be accepting each cryptocurrency. Some might be accepting Bitcoin and Ether, while others might be expecting Litecoin and XRP. Having a diversified portfolio of cryptocurrency can help you have a chance to bet on multiple platforms. Additionally, you can choose the cryptocurrency which will return the best results for you. 

What are the types of e-sports available for betting?

People know Counter-Strike: Global Offensive as an e-sport game. However, many other e-sport games exist. Call of Duty, Apex Legends, and StarCraft are examples of popular e-sports. You can place bets on these games too. These games offer chances to gamble as traditional sports do. Fans of competitive gaming now bet on e-sports. Bettors can pick their favorite genre due to the wide range of games available. E-sports fans can bet on many game types, including first-person shooters and strategy games. Pro E-sports gambling resembles traditional gambling. Parents need to protect their children from potential risks. The growth of e-sports and e-betting will boost cryptocurrency usage for online betting transactions.

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Expanse Studios Announces Strategic Partnership with Leading Operator 1XBet

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Expanse Studios, a leader in online gaming and a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), is excited to announce a strategic partnership with 1XBet, a major player in the global betting and iGaming market. This collaboration marks another key milestone as it broadens its global reach and enhances its game offerings.

A Landmark Integration of Global Relevance

This partnership introduces Expanse Studios’ extensive game portfolio to a broader audience worldwide as going forward, 1XBet’s vast user base will now have access to Expanse Studios’ leading games, including popular slots, crash games, and unique gamified options.

This collaboration not only diversifies the gaming options on 1XBet but also strengthens Expanse Studios’ position as a pioneer in the gaming industry, allowing it to tap into a platform that serves millions globally, significantly boosting the visibility and reach of its games.

Damjan Stamenkovic, CEO of Expanse Studios, expressed his enthusiasm for the partnership: “Working with 1XBet is a pivotal development for us. It represents not just the culmination of months of dedicated effort but also a significant step forward in our mission to provide unparalleled gaming experiences. We are proud to align with such a reputed partner and excited about the future possibilities.”

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eSports

Tundra Esports Announces New Official Partnership With Ethlas

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Tundra Esports, The International 11 Champions and a leading name in Dota 2, announces its partnership with Ethlas, a trailblazer in the Web3 gaming industry.

Starting September 1st, both will collaborate during the Dota 2 International to kick-off the exciting partnership, showing the exciting capabilities of Gambit, a new gamer trading platform developed by Ethlas.

Gambit introduces a unique economic model that unites players with their Patrons (Bit holders). Players are rewarded proportionally based on their in-game performance, ensuring top skills translate to real-world value. Throughout TI 2024, they are putting up a US $100,000 prize pot for traders around the world.

“We are thrilled to partner with Tundra Esports, one of the most formidable teams in the esports arena, especially as they compete in The International this year. This collaboration aligns perfectly with Gambit Finance’s mission to revolutionise how fans and traders engage with their favourite gamers, allowing them to support and participate in the growth of esports talent. Together with Tundra, we’re pushing the boundaries of innovation in both gaming and finance”, stated Elston Sam, co-founder of Gambit Finance.

The collaboration between Tundra Esports and Ethlas is founded on shared values and a mutual dedication to excellence in esports, uniting Dota 2 enthusiasts worldwide to tap into their deepest strategic insights and expertise in the game.

Maxim Demin, Owner & Co-Managing Director of Tundra Esports: “We are excited to embark on this journey with Ethlas. At Tundra we are constantly looking for new ways to engage with our audience in an authentic and meaningful way, and we hope that this partnership will unlock new opportunities for every Tundra fan around the globe. Please welcome Ethlas as our new Official Partner!”

Tundra’s Dota 2 team are the reigning world champions, winning The International in 2022, beating the opposing team in a clean 3-0 sweep. The roster have qualified for their placement in The International on Jun 23, 2024, with an exciting 2-1 win against PSG.Quest.

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GGPoker Welcomes Lebanon’s PokerArabia To World’s Biggest Poker Room

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GGPoker, the World’s Biggest Poker Room, is thrilled to announce that players from PokerArabia, the Middle East’s only government-licensed online poker room, are set to join the vibrant GGPoker community. This exciting development marks a significant milestone in GGPoker’s ongoing commitment to open access to global liquidity to online poker markets worldwide.

PokerArabia, based in Lebanon and managed by Casino Du Liban, will migrate its player base to the award-winning GGPoker platform over the weekend of September 1, 2024. This integration ensures that PokerArabia players will now enjoy the benefits of belonging to the largest and most dynamic poker community, including access to the richest and most prestigious online poker tournaments and in time to compete for some of the 33 bracelets on offer at GGPoker’s WSOP Online 2024.

Sarne Lightman, Managing Director of GGPoker, expressed his enthusiasm about the partnership, stating: “We are incredibly excited to welcome PokerArabia players to the GGPoker family. This partnership with Casino Du Liban underscores our commitment to bringing global liquidity and the best online poker experience to players worldwide. Lebanese players can now look forward to joining the world’s biggest poker community and competing in the best games and biggest tournaments available anywhere.”

Jad Gharios, Chairman and CEO of Onlive Support Services (the operator of BetArabia and PokerArabia by Casino du Liban license) added, “We are constantly looking to provide our clients with the best services and products in the market, and our partnership with GGPoker complements this direction. We look forward to the online launch, offering WSOP Online to the region, and hosting a live WSOP event at the historically-acclaimed Casino du Liban in the near future.” 

Casino Du Liban, a renowned live gaming venue that first received its license from the Lebanese government in 1957, launched its online gaming platform, BetArabia, in November 2022. This transition to GGPoker represents a new chapter for PokerArabia players, providing them with enhanced gaming opportunities and a superior online poker environment.

The migration of PokerArabia to the GGPoker platform is set for the weekend of September 1, after which all eligible Lebanese players will be able to enjoy the numerous benefits and features of the GGPoker platform and liquidity. This collaboration further highlights GGPoker’s dedication to innovation, excellence, and global outreach in the online poker industry.

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