Ethereum Betting Sites

Benefits of Choosing Ethereum as Your Prefered Betting Payment Method 

The first thing you might be asking yourself is - why would you choose Ethereum as a payment method at sports betting sites? There are so many options, after all, as bookmakers are trying to accommodate as many customers as possible.

As a major cryptocurrency, Ethereum has a lot of advantages over traditional payment methods:

• Anonymity: All major cryptocurrencies have one thing in common - they provide anonymous transactions, meaning that you’re not required to reveal your identity and the transactions do not appear on your bank statement.
• Fast transactions: Traditional payment methods can take some time to process your transactions, meaning you can’t always rely on them if you quickly need to make a bet. Ethereum transactions are processed instantly, making this cryptocurrency a great choice for live betting.
• Security: Secured by blockchain technology, Ethereum transactions cannot be intercepted by bad actors, and your private information is protected.
• Availability: Ethereum esports betting sites generally have fewer regional restrictions than those limited to fiat payment methods. Since this is a digital currency, it’s available to many more people than some e-wallets.
• Bonuses: Oftentimes, new betting sites will give extra incentives to their customers via bonuses that favour Ethereum transactions. The best Ethereum sports betting sites usually match your deposit 100% or even 200%, giving a massive head start to your betting journey.

How to Make a Deposit for Betting with Ethereum

To even start using Ethereum at betting sites, you’ll first need to have a crypto wallet in which you’ll store your crypto coins. These are apps for your computer or smartphone that, once you’ve installed them, instantly create a secure digital wallet. You’ll also get the address of your wallet, a set of characters the party sending you crypto has to enter to initiate the transaction.

With that out of the way, here’s how to make your first Ethereum deposit at an online betting site:

• Log into your betting account.
• Head to the Cashier or Deposit section and, from the selection of betting deposit methods, select Ethereum.
• Depending on the bookmaker, you’ll either be provided with an address to send your deposit to or a way to link your crypto wallet.
• Select the deposit amount and confirm the transaction. Your betting wallet should be immediately updated with the amount you just deposited.

How We Choose the Best Ethereum Betting Sites

Besides the bookmaker’s reputation and licenses, there are certain elements that we take into account when reviewing Ethereum sportsbooks to determine which ones are the best. Here’s how we review the Ethereum betting sites.

Sportsbook Variety

As we usually say, a betting site is as good as its selection of sports and betting markets. The best betting sites for Ethereum bettors should include all of the popular sports like football, basketball, and tennis, but also esports, virtual sports, and special events.

Likewise, the coverage of leagues and competitions should be vast, so the customers can find all the matches they wish to bet on. Alongside that, the selection of markets should cover all the common bets people like to make, in short - the more the better.

Bonuses and Promotions

Sports bonuses are a great incentive to attract customers and keep them as regulars. It’s why you’ll see the latest Ethereum betting sites focusing on cryptocurrency promotions that boost the initial deposit, or give out free bets after completing a qualifying bet. What we’re also looking at are the wagering requirements and whether there are any restrictions for these offers.

Betting Experience and Customer Support

We wouldn’t recommend a sportsbook if we’ve had a bad experience betting there. For us, the best Ethereum betting sites are those that are intuitive, offer great features that enhance the betting experience, and also have solid customer support for those situations when something goes awry.

Disadvantages of Betting Sites with Ethereum

While betting with Ethereum certainly has its advantages, as discussed above, it’s not always a perfect technology. It has certain disadvantages that bettors should be aware of before they start using Ethereum as their payment method at online sportsbooks:

• Difficulty in fixing withdrawal issues: One of the downsides of blockchain technology is that transactions are irreversible, meaning that any issues that happen during the withdrawal process are very difficult to resolve.
• Volatility: Ethereum doesn’t have a fixed value in euros and it constantly fluctuates. For this reason, it’s difficult to track your earnings and expenses and requires lots of calculations and tracking your finances.
• Uncertain regulations: Since cryptocurrencies are decentralised and unregulated, their legality may vary in different territories. Additionally, this may lead to the inability to resolve issues with payouts, as no financial institution stands behind Ethereum.

Most Important Things to Remember when Betting with Ethereum

First of all, you’ll need to have a crypto wallet to even start using Ethereum. Oftentimes, sportsbooks have an integrated exchange that helps you purchase Ethereum directly through them, speeding up the process.

Be wary of your local regulations and laws regarding cryptocurrencies. Not all governments look kindly at crypto transactions and Ethereum might be outright banned where you live.

Double-check all the data you enter (wallet address, amounts, etc.) before you initiate any transactions at Ethereum betting sites. There are no do-overs with crypto, so you’ve got to make sure you’re entering everything correctly.

Consider adding a two-factor authenticator to your crypto wallet and any emails related to your sportsbook accounts. Phishing is very common nowadays, so adding a layer of security to your accounts ensures you won’t lose any money or access.

Verify with the bookmaker whether the Ethereum transactions are eligible for any of their promotions and bonuses. Sometimes, bookies limit which bonuses crypto bettors can collect at their sportsbooks.

And lastly, check out our reviews of online sportsbooks to pick the ones you’ll have fun the most at. You’ll find the list of all Ethereum sportsbooks atop of this page.