- Completely anonymous
- Can be used in countries where online gambling is restricted
- Usually free to deposit with and withdraw too
Betting Sites that take Ethereum
Ethereum is the second-biggest cryptocurrency (based on market cap and name recognition) after Bitcoin. It revolutionized the concept of smart contracts â which ironically, makes it very suitable to use for online betting. Thus, major online sportsbooks have rushed to support it on their betting sites. This page is dedicated to giving you best spots for betting online using ETH so stick with us!
-
EXCLUSIVE BONUS
50% bonus up to $250Play NowT&C apply, 18+, Play responsibly
-
50% bonus up to $1000Play Now
T&C apply, 18+, Play responsibly
-
EXCLUSIVE BONUS 125% up to $3,125Play Now
T&C apply, 18+, Play responsibly
-
100% up to $400Play Now
T&C apply, 18+, Play responsibly
-
50% up to $1000Play Now
T&C apply, 18+, Play responsibly
Ethereum is a digital currency that debuted in 2015. In the decade since, it’s become home to trillions of capital. Trillions! That should tell you everything you need to know about its reliability â whether it’s to bet on sports online, bank, lend, or use money in other myriad of ways.
One of the major positives to using Ethereum as a payment method is the fact it is based on blockchain technology, which is a decentralized technology. What that means for those using funds from their Ethereum wallet for online sports betting is that only you have access to your funds and data. Third parties are not able to track your transactions or interfere with them on the blockchain. This keeps greedy banks away from you â banks that otherwise might block you from betting online in the first place.
Another plus point is that many online sports betting sites accept Ethereum without charging a large fee for processing a deposit or paying out your winnings. The keyword in the last sentence is large â because ETH transactions are typically cheaper than, say, a bank wire. They are also way, way faster. Ethereum transactions can settle in minute. No need to wait days for something to clear like a wire.
The decentralization, speed, and cheapness make using Ethereum to bet online so dang valuable. We mean, what else do you need besides those three? It beats traditional payment methods across the board.
Best Ethereum Betting Sites
Cause it's cheap, cause it's pseudo-anonymous, cause it's fast â most online sportsbooks now support Ethereum. This wasn't the case a few years back, but as crypto has grown in adoption, so as the chances you find it at most bookies. Still, a few sites value it more than others. If we were you, we'd start here for Ethereum-based betting:
BetUS
Founded in the '90s, BetUS has had to adapt and keep up to speed with the ever-changing landscape of the online sports betting market. BetUS offers Ethereum deposits, as well as a range of major card deposits and traditional bank methods, such as bank transfers and various e-payment platforms. Better yet, BetUS offers some of the biggest bonuses in the business. Ethereum could be used to redeem many such prizes. So scope this site out for free betting:
BetOnline
BetOnline is a modern bookmaker and has kept up to speed with the fast-moving cryptocurrency industry, offering a range of great cryptocurrency deposit methods, including Ethereum. What we really like about BetOnline is its betting menu â it's as vast as it comes. Your ETH could get a lot of mileage out of BetOnline, that's for sure.
XBet
XBet has been in online sportsbetting game since 2014. The site offers some of the best cryptocurrency betting bonuses in the business, including deposits via Ethereum. XBet's mobile app is also one of the best so if you value on the go-betting, then it's tough to go wrong with this bookmaker.
MyBookie
MyBookie has spent years building a first-rate reputation, which comes off the back of listening to customer demands. Crypto is the most popular deposit method for gambling and MyBookie offers some great crypto payment options, including Ethereum.
Bovada
Bovada first came online in 1997 and has established itself as one of the premium online sports betting providers to U.S. players. Matter of fact, it might have one of the largest userbase in the industry â that tells you how well-liked the site is. As a part of its continued commitment to its community of players, Bovada offers Ethereum and a range of other cryptocurrency deposit methods like Bitcoin.
Many Bettors Deposit with Ethereum
Vitalik Buterin, a Canadian computer programmer and an early cryptocurrency enthusiast, published a white paper explaining the idea behind Ethereum in 2013. A fund-raising project helped get the project off the ground and in July 2015, the Ethereum blockchain went live, allowing users to utilize Ethereum as cryptocurrency. The other founders of Ethereum are Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. Vitalik remains vital to the ETH community so his ethos is alive and well.
Sports gamblers around the globe are tapping into Ethereum as a form of payments, especially on offshore international betting sites, such as Bovada.lv and BetOnline.com. Why? Well, we already covered it, but here's the main advantages again:
Ethereum Avoids Third-Party Issues
Sports betting isn't legal everywhere. In the United States, there are about 11 countries that still have it banned completely, and others that only allow it in-person â not online. Legality varies in other countries too. That's why offshore sportsbooks have become so popular because they are more widely available to access even for folks living in non-legal areas.
While these offshore sportsbooks welcome customers with open arms, oftentimes banks and financial institutions make it harder for bettors to deposit money into their sportsbook accounts. Online sports betting transactions must go through a trusted third-party during processing, which usually results in deposits being blocked by banks if it's not legal there.
Ethereum, which is a peer-to-peer payment system, helps customers avoid any third-party issues as you are dealing directly with sportsbooks. No one â and we mean no one â can block your transactions since no one control the blockchain. It's truly permissionless transactions.
Little to No Fees? Where do I Sign Up?
Everyone hates fees. Whether youâre buying or selling a stock on the market or withdrawing money from your sportsbook account, there is always a price to pay. With Ethereumâs blockchain system â a public ledger that records Ethereum transactions â there is little to no fee when using offshore sportsbooks, which take a percentage from your winnings when cashing out.
We'll stop short of saying Ethereum transactions are free or super cheap, but they'll still beat out other common options like bank wires or debit cards.
Ethereum Transactions in a Snap
The waiting game is over with the use of Ethereum. Bettors can now cash out their winnings and receive their funds in just minutes when using Ethereum in the payment process. Traditional bank transfers mean sports bettors may wait days, even weeks before the money is deposited into their accounts. Ethereum cuts down the wait time significantly for both deposits and withdrawals. Again, having no middle-man is why that is. Everything is person to person on Ethereum.
Ethereum Cuts Down Chance of Identity Theft, Fraud
Like any Internet-based business, there is always the chance of dealing with hackers, identity thieves, and fraudsters. Ethereum cuts down that risk exponentially.
Instead of entering all your credit card information, Ethereum users are required to provide their wallet addresses â none of which is tied to your real name. Because Ethereum is a cryptographic currency system, it makes it more difficult for criminals to hack into accounts and steal personal information. Ethereum is pseudonymous, which means funds are not tied to real-world entities, rather they are associated with an Ethereum wallet. To heighten security, a new address can be granted for each transaction â making Ethereum one of the safest currencies for sports bettors using international betting sites.
Why Players Use Ethereum As A Preferred Payment Method
Once you start using Ethereum for yourself it quickly becomes apparent why players use Ethereum as their preferred payment method. It literally is more advantageous than traditional payment rails in every single sense.
Weâve already touched on Ethereum being anonymous, and this alone is a major factor in online sports bettors using the cryptocurrency for deposits and withdrawals â you will no longer have gambling sites showing on your bank account transactions (which can spook certain banks).
Another reason for the popularity of Ethereum is the lack of fees associated with it. If you are a bettor who likes to move your bankroll around several different sports betting sites, the transaction fees can begin to mount up over time and hurt your profits in the process. But with Ethereum? That becomes much less of an issue. Your betting money gets more bang for your buck without the unnecessary fees.
Finally, the value of Ethereum can fluctuate, wildly sometimes, which sometimes works against you, but can often move in your favor (Ethereum is the best-performing crypto asset of all time besides Bitcoin). If the market is pumping, your ETH holdings can actually go up without you even betting. So yes, you can make money from just holding the damn thing in your betting account. That won't ever happen with physical cash.