Online sports betting and gambling are the latest trends in gambling, and in the 21st century, a sports bettor has more choices than ever to make a deposit at an online sportsbook or casino. The fiat currency that used to be the dominant ‘ coin of the realm’ is starting to be displaced by digital options that offer better opportunities for deposit and withdrawal, and using digital deposits is much faster than traditional monetary systems based on blockchain technology.
Best Ethereum Betting Sites
Wondering what are the best Ethereum betting sites for your favorite sports? Free Ethereum betting and online crypto gambling are available when you make the first deposit, and it’s easy to get your share. Top-notch sportsbooks, betting apps, and offshore sportsbooks now allow members to bet in Ethereum. Bettors can place their Ethereum bets on the website or iOS smartphone app. Read on to learn more about how you can bet with Ethereum and discover the best Ethereum sports betting sites.
Bovada is one of the most popular sportsbooks for Ethereum sports betting. An industry leader in all areas, Bovada accepts a variety of cryptocurrencies, including Ethereum, Bitcoin, Cash, and Litecoin. To use Ethereum at Bovada, you first need to have an Ethereum wallet that can hold and transfer ETH. Then, it’s as simple as selecting the Ethereum payment option at Bovada and following a few quick steps to place your wagers. Basically, you can make your Ethereum deposits almost instantly.
Bovada stands out among all other sportsbooks due to the simplicity and speed of its payment systems. Their payouts are equally speedy, and Bovada does allow you to make withdrawals in Ethereum, with absolutely no extra fees. Overall, the Ethereum interface within Bovada is highly user-friendly, making the process of depositing, betting, and withdrawing with Ethereum flawless. The maximum deposit in Ethereum at Bovada is $5,000. Their minimum deposit amount is $50.
BetOnline is a great option for betting with Ethereum. The main benefit of using Ethereum at BetOnline is that all your transactions are processed securely and quickly, with no need for banks or credit card companies. Both deposits and withdrawals can be processed in a matter of minutes, and there are zero fees associated with using Ethereum.
BetOnline allows you to bet on a wide range of sports and events using Ethereum, including football, basketball, baseball, soccer, and many more. You can also play various casino games, like slots, table games, and online poker. There’s definitely something for everyone at BetOnline!
Additionally, BetOnline regularly offers crypto bonus offers like a free bet or other popular betting bonuses. Withdrawals at BetOnline take typically 48 hours and are usually processed in a much shorter time frame. Our research found that the withdrawal process took under 60 minutes if requested during regular business hours. Certainly, BetOnline lives up to its reputation for being one of the best betting sites for Ethereum sports betting.
GTBets is a reliable and trustworthy platform for betting with Ethereum. They offer an intuitive interface, quick payment processing, and a wide range of betting options, making it a great choice for sports fans and crypto enthusiasts alike.
You can rest assured that GTBets subjects its Ethereum bets, deposits, and withdrawals to the same rigorous rules as their traditional financial methods to ensure maximum security and reliability. Their minimum Ethereum deposit amount is $35. Free withdrawals in Ethereum are available at GTBets once every rolling 30-day period. Additional withdrawals are allowed weekly, subject to a low fee. Unlike other ETH sportsbooks, GTBets allows you to withdraw via an alternate method if you deposit in Ethereum.
MyBookie.ag is a good choice for Ethereum-loving bettors. There are no fees associated with using cryptocurrencies to place your wagers at MyBookie.ag.
At the longest, Ethereum deposits will take one to two days to confirm. Normally Ethereum deposits are verified in a much shorter time frame. Withdrawals, however, take slightly slower, mainly because they are only processed during regular business hours from Monday to Friday. Once a withdrawal is processed successfully, you can expect your payment to arrive within one week. And of course, they offer many unmissable free bets.
SportsBetting.ag recognizes that cryptocurrencies are here to stay. This is why it poses no restrictions for bettors who deposit in Ethereum, or any other cryptocurrency, for that matter.
Deposits are processed on a 24/7 basis at SportsBetting.ag, and withdrawals are all handled seamlessly during regular business hours from Monday to Friday. That is to say, if you request a withdrawal during regular business hours, you will have your Ethereum wallet credited within 24 hours! It doesn’t get any faster than that.
Sportsbetting.ag requires a minimum Ethereum deposit of $20; and you can deposit a maximum amount of $100,000, which is extraordinarily high for a sportsbook.
Cryptocurrency Sports Betting
In the sports betting industry, cryptocurrencies are making inroads with the public; Ethereum is one currency taking its place in the pantheon of cryptocurrencies for sports betting. Many betting sites offer the option of using Ethereum as a deposit method, so if you trade Ethereum coins, you can make bets using the coins.
There are many advantages to using Ethereum as your currency of choice, and first and foremost, there are higher betting limits using it than fiat currency. Should you want to protect your identity, using a form of crypto is the way to go, as anonymity is the big plus here. You can expect to see bigger-than-average bonus offers, promo codes, and free bets when using Ethereum for your stake at an online sportsbook or casino.
Ethereum is on the march foremost oddsmakers and sportsbooks, taking the gambling world by storm.
Ethereum, a Brief History
Ethereum, as a top-rated currency, first appeared on the market in 2015, and it rose in popularity from there to be one of the most sought-after currencies that displaced fiat currencies for sports gambling. The reason for the rise in popularity is the stability that it provided. Ethereum never hit the heights that Bitcoin did, but since 1017 it has maintained its value. In 2017 a coin was valued at $50; today, prices fluctuate between $200 and $230 per coin. Its popularity is also predicated on the variety of ways it can be used, and it offers many advantages over regular betting currencies.
Why is Ethereum Unique?
The difference between Ethereum and Bitcoin comes down to ether fueling the currency that is of its own creation. The currency has different applications and contracts that can be used that are extremely secure. The variety in usage hasn’t gone unnoticed, and it has its’ own program language that adds to the currency’s utility.
Advantages of Using Ethereum in Sports Betting
The primary advantage of using Ethereum is the same as other cryptocurrencies, and that is anonymity. When using ETH for sports betting purposes, you don’t need to provide personal information when opening an Ethereum casino or sportsbook account. With a heavy dose of encryption, you have security using ETH and prying eyes don’t get a look at who you are or what you are doing. Speed is another advantage that Ethereum provides, your deposits are quicker than fast, and your withdrawals run apace when the time comes.
Disadvantages of Using Ethereum in Sports Betting
One thing holding Ethereum back in the sports gambling market is the availability of sportsbooks and casinos that accept the coins. While Bitcoin may be more prevalent at this time, most sportsbooks shy away from cryptocurrency due to its relative newness. But as the currency continues to grab the attention of sports bettors, ETH can be used at more and more sportsbooks and casinos every day. Price volatility against the USD and Euro is more pronounced than other cryptos, which is a downside for Ethereum buyers for sports betting. Your account can lose value during a downturn but also gain in value when ETH gains against the Euro or the USD.
How to Use Ethereum For Sports Betting
Many online casinos bookies, oddsmakers and online sportsbooks accept ETH for sporting events for online betting , but not as many as don’t. You can deposit or withdraw Ethereum at many different venues, but there is a catch. When depositing Ethereum with an operator, the funds are converted to USD; on withdrawal, your funds are converted back to Ethereum.
The way it works is that you select the amount for your deposit, next the sportsbook sends you an ETH transfer request, then you send the coins, seeing USD in your account. Safety and security are a concern for some as not all casinos and sportsbooks accept ETH, and the ones that do have sketchy reputations in the gaming industry. Look for an online sportsbook or online casino that has a good reputation and a great user experience for a first-time user.
Customer support is another important aspect that contributes to a good reputation for an online sportsbook or online casino, so make sure before you engage a crypto sports betting site. A lack of regulation of cryptocurrencies has created hesitancy among casino and sportsbook operators because they are afraid of the liability that exposure presents.
As we’ve mentioned on the pages of MTS, research is the key to finding the best sports betting sites that accept Ethereum , and as confidence in the cryptocurrency grows, so will the betting market that accepts ETH as a currency of choice for gamblers. to play casino games or live betting for ETH sports betting.
Many Ethereum casinos accept Ethereum deposits for Ethereum gambling using Ethereum transactions to place bets. The major sports you can place bets on are NFL games, NBA games and horse racing, to name a few.
You can use many cryptocurrencies, like Bitcoin cash Litecoin and Dogecoin, if you need a substitute for Ethereum. They will replace fiat money with digital currency at casino sites like BetUs and Bovada. Payouts from the best Ethereum sportsbooks or apps mean that you can use your mobile devices for sports betting.
Also, USDT (Tether) stablecoin is pegged to the USD and is 100% backed by Tether resources to ensure stability as an option to Ethereum.
How Do You Buy Ethereum?
There are many crypto exchanges worldwide, and more than casinos and sportsbooks accept cryptocurrency. The exchanges work like your online bank; you deposit and withdraw funds in your account or buy it with your credit card. Once you have purchased the coins, follow the steps listed above as a deposit method for the sportsbook or casino you have selected, and the payment method is the same. Ethereum is traded on many platforms; Binance, Gemini and Coinbase Pro are the most popularly used.