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 more accessible digital currency.

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 help you learn how to make your first Ethereum betting transaction, 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 sportsbook, placing your first Ethereum wager, and looking at the legality of betting with the cryptocurrency.

When it comes to selecting your ideal Ethereum betting site, 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 joining a new Ethereum betting site.

The best Ethereum sportsbooks and casinos 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 good odds and feature, have a good reputation when it comes to both providing good service levels and processing withdrawals quickly.

Here is a list of betting sites we have hand-picked for you based on their reputations:

Betwinner.com: Betwinner is a leading Ethereum sports betting site where punters can participate in more than 1,000 global sporting events each day. Not only that but they also provide access to world-class casinos games like slots and blackjack, alongside virtual sports, bingo and online poker.

In addition to the speed, anonymity and security offered by Ethereum transactions there is also the added value of being able to claim a welcome bonus, reload bonuses and ongoing promotions all in ETH. Allowing you to grow your bankroll and your cryptocurrency portfolio at the same time.

Linebet.com: Ethereum betting has never been easier or more rewarding than it is with Linebet. With their breadth of experience in the betting market, the company prides itself on offering a wide range of markets, great odds, and the option to deposit and withdraw using ETH.

When it comes to making certain that you are well taken care of Linebet offers easy access to their knowledgeable customer service team via live chat, telephone and email. Ensuring that you will always have access to a real person to address your queries.

1xBet.com: Established in 2007, 1xBet has made a name for itself in the online betting industry as a  global betting site and a trusted brand. The sportsbook offers players a range of betting options including accumulators, chain bets and enhanced odds bets.

Fans of cryptocurrency gambling can also deposit, wager and withdraw at 1xBet using Ethereum. This promises low-cost transactions, incredible data security and increased levels of anonymity regardless of where in the world you bet from.

1xBit.com: 1xBit is a sophisticated online sportsbook that is focused on offering a full and engaging experience that puts cryptocurrencies at the forefront of their offering. While their website refers to BTC by default, at 1xBit you can deposit and withdrawal using more than 30 digital tokens including the ever-popular Ethereum.

In addition to offering a wide range of local and international markets for their punters to enjoy 1xBit also offers access to live casino games, virtual sports, Toto jackpots, TV games and live lotto to keep you entertained between events.

PNXBet.com: PNXBet is a global sports betting brand offering action on several markets in more than 15 languages including Dutch, German and Japanese.

They also offer a wide variety of pre-match bets using Ethereum and have a special focus on the Esports market offering excellent odds on lots of games including Dota 2, League of Legends, Overwatch and Valorant.

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.

Here are the five top tips we recommend considering when next you are looking to join a new ETH betting site:

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 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.

Learning how to bet with Ethereum is an incredibly simple process. The most important thing to keep in mind if you are an experienced gambler 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:

Step 1: Open an Ethereum account at an exchange to allow you purchase cryptocurrency from your chosen online sportsbook.

Step 2: Now open a new real money account at one of our recommended crypto sportsbooks.

Step 3: From the Payment section select to make a deposit using ETH. Open your Ethereum wallet and send your deposit amount to the Ethereum payment address

Step 4: Once your account has been credited you can start placing your bets!

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 crypto 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.

As one of the fastest cryptocurrencies, you will experience near-instant withdrawals when using Ethereum. To claim your winnings all you will need to do is follow two easy steps:

Step 1: Access your betting account and visit the Payments section. On this page click on the Withdrawal option, and then navigate to Cryptocurrency to see all available options.

Step 2: From the list of available crypto coins, select Ethereum or ETH as your preferred withdrawal method. All that is left for you to do is to enter your Ethereum account address and click ‘Confirm’.

When withdrawing via Ethereum, your winnings could appear in your account almost instantly.

Cryptocurrencies like Ethereum are one the hottest and fastest-growing markets online, which makes it the perfect time to claim sports bonus offers and free bets.

Many free bets are available when you join a new online betting site and deposit using ETH.

Whenever you claim a welcome bonus, a reload bonus or enter a promotion with an online betting site, 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.