Ethereum Betting Sites
Here at BonusBets.com, we have been astounded by the growth in Ethereum betting sites. While not as widely known as Bitcoin
, the fact of the matter is that the Ethereum network is widely used to process online transactions for multiple industries. This focus on processing customer deposits makes Ethereum the ideal cryptocurrency for online gambling as it means faster processing times and even lower costs.
Ethereum is well on its way to becoming one of the most popular betting cryptocurrencies offering punters all the benefits of its peers, its own enhanced processing capabilities, and the added advantage of being a cheaper and therefore more accessible digital currency.
Best Ethereum Betting Sites
Choosing the best Ethereum betting site can be a daunting process for someone who is new to the world of both betting and cryptocurrency. To help you easily determine which betting site will be right for you, and to get your first Ethereum transaction under your belt, we have created a user-friendly guide to see you through the process.
While welcome bonuses are an important part of this decision-making process, we have gone beyond that initial aspect and included advice on selecting a bookmaker, placing your first Ethereum wager, and looking at the legality of betting with the cryptocurrency.
When it comes to selecting your ideal Ethereum bookmaker, the trick is to not focus exclusively on the available welcome bonuses and promotions. While these are engaging and certainly add a level of excitement to your introduction to the sportsbook it is not the most important criteria to consider when looking at someone to spend your Ethereum and your time with.
The best Ethereum bookmakers are those who in addition to a great selection of bonuses, promotions and competitions have a proven track record for treating their customers well. This means they are easy to contact day or night, offer useful betting and Ethereum resources, are known in the industry for treating their punters fairly, and have a good reputation when it comes to processing withdrawals.
Here is a list of betting sites we have hand-picked for you based on their sterling reputations:
- 888starz Sport
Be sure to check regularly as we continue to review the latest online sportsbooks and add the best of them to this list for your consideration.
Much of the confusion around cryptocurrencies
stems from a lack of clarity. If you are interested in betting online with Ethereum and would like to know more about what it is and how it works, you have come to the right place.
In basic terms Ethereum is a digital currency, meaning it has no paper or metal tokens, which is hosted on the blockchain.
The blockchain is a revolutionary data storage and data relay system where information is broken up into tiny blocks, these blocks are chained together and shared across a decentralised network. What this means in practical terms is no single location holds all your information at once making it impossible to hack, ensuring your data cannot be lost by a single server going down and making authorised data sharing incredibly fast.
As a digital currency native to the blockchain, Ethereum is not only a valuable asset but using it to bet online means that you have the protection of the inherent benefits and advantages of the blockchain standing in defence of your privacy and data security while you do so.
How to Bet With Ethereum
Learning how to bet with Ethereum is an incredibly simple process. The most important thing to keep in mind if you are an experienced punter is that the only thing that changes is how you fund your betting account, everything else remains the same.
Follow these simple steps to place your first Ethereum wager today:
- Register an account with your preferred online sportsbook
- Select Ethereum as your deposit option and copy the Ethereum payment address
- Open your Ethereum wallet and send your deposit amount to the Ethereum payment address
- Bet on your favourite team once your account has been credited
If this seems simple, it's because it is. Despite being an incredibly valuable asset built on revolutionary new technology, Ethereum works no differently than any other web wallet you’ve ever used. You simply fund your Ethereum wallet using your credit card or by direct bank deposit and you will have access to funds that can be spent anywhere Ethereum is accepted.
In the case of an online sportsbook, this means sending them a deposit and having them credit your betting account. Thanks to the speed and efficiency of the blockchain both Ethereum deposits and withdrawals are virtually instant, allowing to jump right into the action.
Is Ethereum legal for Betting?
Betting with Ethereum and legal sportsbooks is less a question about cryptocurrency and more about the current state of sports betting regulation in your country. There are many regions such as the United Kingdom who have welcomed the advent of cryptocurrencies and have made it legal to bet with Ethereum.
One thing to consider is that as a blockchain-based virtual currency, Ethereum has the advantage of offering cross border transactions that bypass the scrutiny of most governmental oversight bodies. However, we highly recommend that you speak to a local legal expert to fully understand the local position on sports betting and cryptocurrencies.
With that information on hand, you can make the best decision for your betting needs.
Ethereum Sports Betting Bonuses
Cryptocurrencies like Ethereum are one the hottest and fastest-growing markets online, which makes it the perfect time to cash in on the glut of Ethereum sports betting bonuses available to you.
Being a buyers’ market means that you can afford to cherry-pick the best bonuses. This includes getting the best possible bonus for your initial deposit, understanding the odds and spreads you can bet on, and seeking out the most customer-friendly playthrough requirements
Whenever you claim a welcome bonus, a reload bonus or enter a promotion with an online bookmaker, we always recommend reading the full Terms and Conditions. This will allow you to determine ahead of time if this is the right sportsbook and promotion for you as it will outline key items such as minimum and maximum deposits, withdrawal requirements and other factors which may impact your experience of betting with Ethereum.
We will continue to update this list with the latest and most exciting sports betting bonuses
so be sure to check back regularly to take advantage of the exclusive offers we have secured for you.