i'm told that Riot Games will announce signups for Valorant closed beta today near the end of this weekend's alpha test event with pros and streamers, with the closed beta itself going live on April 7th
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CBT will start on 7th April at 14:00 CET. Progress that you make on CBT will not be transferred to the final version.
At CBT you can buy in-game currency that will be transferred to the full version of the game with an additional bonus.
You can get CBT key from twitch drops system. (like legends of runeterra was)