Ethereum (ETH), second only to Bitcoin in the cryptocurrency realm, has emerged as a powerhouse for betting enthusiasts since its launch in 2015. Join us as we delve into this payment method's security features, the advantages of betting with ETH, and the finest Ethereum betting sites.
- 1 Best Betting Sites We Recommend for Ethereum Betting
- 2 Best Ethereum Betting Sites Reviewed
- 3 How To Get Started With Ethereum Betting
- 4 Available Sports at Ethereum Betting Sites
- 5 How To Withdraw Money From Ethereum Betting Sites
- 6 How We Select the Best ETH Betting Sites
- 7 How We Review ETH Sports Betting Sites
- 8 Advantages of Ethereum Betting
- 9 Disadvantages of Betting With Ethereum
- 10 Best Exchange for Ethereum Betting
- 11 Responsible Gambling at Ethereum Betting Sites
- 12 ThePuntersPage Final Say
- 13 FAQs
Best Betting Sites We Recommend for Ethereum Betting
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Best Ethereum Betting Sites Reviewed
The acceptance of Ethereum among bookmakers is certainly not widespread, but there are multiple which currently allow users to deposit and withdraw funds using the cryptocurrency.
Let's take a look at the five best Ethereum sports betting sites:
Vave
Vave is a fresh face in the world of online bookmakers, having launched in 2022. Headquartered in Curaçao, this global platform offers support in 19 different languages. Vave allows users to deposit and withdraw funds with a litany of cryptocurrency options, including Ethereum. With zero fees and near-instant withdrawals, it's hard to complain about this operator.
- Zero ETH fees
- Near-instant ETH withdrawals
- Available in 19 different languages
- All bonuses require a deposit
- Number of restricted countries
Ivibet
This excellent bookmaker offers a range of opportunities for punters, with an extensive sportsbook and a supreme casino. Thousands of casino games are available at any one time, and their professional live casino offering has garnered plenty of plaudits. Sensible betting limits are in play when it comes to betting with Ethereum, and withdrawals are typically processed within an hour.
- Fast ETH withdrawals
- Range of cryptocurrencies available
- Excellent casino product
- No mobile app
- Lack of sports betting features, such as edit bet and bet builder
Mystake
Another Curaçao-based bookmaker, Mystake launched in 2019 and is owned by Santeda International BV. The platform provides a well-rounded experience for both sports betting enthusiasts and casino lovers, featuring a selection of wagering options. In addition to Ethereum, users can choose from 14 other cryptocurrencies for seamless transactions.
Security is a top priority for this operator, which implements the latest features including SSL encryption to safeguard users' data.
- No ETH betting limit (can be a downside)
- Rapid withdrawals
- Livestreaming available
- No mobile app
- Sportsbook is pretty small
Trust Dice
As a leading Ethereum betting site, Trust Dice stands out for its slick interface and crypto-specific ‘Free Crypto Faucet’ promotion. This rare offer reflects Trust Dice's commitment to promoting cryptocurrency use. While this operator's focus is almost exclusively on cryptos in terms of payment methods, more conventional options are also available.
- ‘Free Crypto Faucet’ promotion available
- Strong emphasis placed on cryptos overall
- Wide variety of bonuses and promotions
- No mobile app
- Sub-par sports betting odds
Cloudbet
Cloudbet boasts excellent sports coverage and accepts deposits from numerous cryptocurrencies. This ETH betting site holds a licence from Curaçao and can be considered a pioneer in the crypto betting scene.
It is also among the fastest online bookmakers when it comes to payouts. Moreover, there is no maximum amount you can deposit or withdraw here.
- Mobile friendly (web browser)
- Fast ETH withdrawals
- Numerous games available
- No mobile app
- Fiat cryptocurrencies aren’t accepted
How To Get Started With Ethereum Betting
Follow the steps below to get started on your journey with an Ethereum betting site:
Choose your Ethereum betting site after doing your research to gauge which site best suits you and your betting needs.
If you want to bet using Ethereum, you’ve got to purchase some of the cryptocurrency. Obtain ETH from a reputable exchange such as eToro, and ensure you have enough ETH to fund your betting.
Once you’ve obtained the requisite ETH, you’ve got to prepare the crypto for usage on the betting site of your choice. You may need to transfer your ETH from the exchange to a non-custodial wallet.
Make sure you’ve got a deposit address for your account so you can send ETH from your wallet to fund your betting account.
You’re now ready to deposit funds using Ethereum!
Available Sports at Ethereum Betting Sites
Here are the most popular sports to bet on at ETH betting sites:
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Football: Unsurprisingly, bookies will place a heavy emphasis on the most universal sport on the globe, and provide an endless list of betting options. While Europe’s supreme divisions gain plenty of attention, major international tournaments and UEFA’s club competitions, including the Champions League, are definitely also worth considering.
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Horse Racing: Hugely popular in the UK, horse races are run in various parts of the world every day.
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Cricket: There are multiple cricket formats, with the shorter stuff typically more popular among bettors. World Cups and hugely competitive test series come around almost annually.
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Tennis: The sport may be deviating away from the ‘Big Three’, but the next generation of tennis stars are certainly worth getting excited about. Four Grand Slam events are held every year.
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Esports: Bookmakers cater to the needs of the modern-day bettor by supplying esports markets. Gamers play in an array of major tournaments over the course of the year, with League of Legends, Overwatch, Starcraft, and Dota 2 among the most popular esports games.
How To Withdraw Money From Ethereum Betting Sites
Using Ethereum on betting sites may be unique, but the processes involved are no different to when you use more conventional payment methods such as debit card or PayPal. Thus, withdrawing money from an Ethereum betting site is a familiar process.
Here’s what it involves:
Log into your Ethereum betting account.
Access the bank section of your bookmaker, and find the withdrawals tab.
A list of withdrawal methods will present themselves, but if you used ETH to deposit, the method should be saved as the default option for when you withdraw.
Ensure you have enough funds in your betting account to complete the process.
The only difference when withdrawing with ETH compared to non-crypto methods is that you’ll have to enter your designated Ethereum wallet number before withdrawing. This will be requested by the payment system used by the website/bookie.
Once you’ve entered that number correctly, your ETH withdrawal will be processed and you’ll receive your funds soon after.
How We Select the Best ETH Betting Sites
While there are a limited number of Ethereum betting sites, it’s still immensely important to consider an array of factors when working out which are the best on the market:
Available crypto and other payment methods
A greater variety of available payment methods — especially crypto options — is desirable. More variety means greater security and anonymity.
Withdrawal times
Nobody wants to wait days upon end to receive their funds. Look for sites that offer fast and reliable ETH withdrawal times.
Available sports & markets
It’s all well and good being able to deposit and withdraw with ETH efficiently, but what’s the point of depositing funds into a bookmaker which doesn’t cater to your betting needs? A bookie that boasts a comprehensive sportsbook in terms of sports, events, and markets should go straight to the top of your list.
Welcome bonus & promotions
Cherish the rare bookmakers that allow ETH deposits to qualify for their welcome offers. More importantly, a bookie with extensive and generous sportsbook promotions, as well as an exciting and rewards VIP programme, must snatch your interest.
Customer support
You’re bound to run into some issues when betting with an online bookmaker, and given that ETH betting is rather unconventional, it’s important that the bookie has support staff on hand to resolve any queries. Avoid sites that use customer service bots.
User experience
User experience, which is a combination of the above factors, is imperative for bookmakers. Apps and websites must be easy to navigate, with the processes involved with ETH betting (such as depositing, withdrawing, and placing bets) simple to manoeuvre. The technical performance of bookmakers is also significant — no one wants any lag time!
How We Review ETH Sports Betting Sites
To ensure we can accurately assess and review Ethereum betting sites, we go through a fairly rigorous process:
We complete registration — To experience an operator as any other user would, we first need to create an account with the bookmaker. This process is typically quick and easy.
We make a deposit — Next, we swiftly go about funding our new account using ETH. We’ll hope the process is stress-free and devoid of fees.
We place a bet — It’s time to explore what the bookmaker has to offer. We scan the extremities of the sportsbook/casino and place a suitable bet with the funds we have in our account.
We contact customer support — At some point, you’re going to need help with something when using an online bookmaker, so it’s important the bookie boasts coherent customer support. Ideally, agents (as opposed to bots) will be on hand to resolve any queries, and the bookmaker offers multiple avenues of communication.
We make withdrawal — Ideally, we’d have enough funds — potentially after winning a bet — to make a withdrawal. Withdrawals should be rapid given that your financial details are already stored. Moreover, a quick processing of funds into your bank account is optimal.
We gather feedback from customers — Your feedback is imperative. While user reviews won’t necessarily shape our overall opinion of the bookie, it’s important to understand where others see its strengths and weaknesses.
Advantages of Ethereum Betting
There are a number of reasons why it makes sense to bet with Ethereum:
Anonymity
One key benefit of Ethereum betting is that you don't need to provide personal information when making a deposit, offering complete anonymity. As this is a decentralised cryptocurrency, all of the transactions are processed through the blockchain. Other than protecting your privacy, this also reduces your exposure to identity theft and fraud.
Rapid Transactions & Higher Limits
Ethereum often comes with higher limits, giving you the chance to win more. Transactions are processed quickly (even faster than those made with Bitcoin), making it a great option for online gamblers.
Ethereum Value Can Rise
Crypto fluctuates in value in response to market conditions. The good news is that when the price of Ethereum rises, your balance will rise with it, so you will be able to enjoy higher winnings. Of course, while this can be risky, smart bettors are able to capitalise on Ethereum's market volatility and potentially earn larger profits.
Disadvantages of Betting With Ethereum
Betting with Ethereum, like many cryptocurrencies, also comes with a few drawbacks:
Volatility
As with other crypto, Ethereum is volatile and involves an element of risk. As the stock market ebbs and flows week in, week out, ETH follows suit with the overall mood of the market. As high as it can reach one day, its value could plummet the next.
Less Accepted Than Bitcoin
ETH isn’t as widely accepted as BTC among online bookmakers. However, this could soon change as this cryptocurrency is becoming increasingly popular for betting on sports.
Unregulated Industry
Because Ethereum is mostly unregulated, players can be left open to fraud. However, any reputable Ethereum bookmaker will have obtained licences from the necessary regulatory bodies in order to ensure fair play, security, and encourage responsible gambling.
Transactions are Irreversible
Transactions cannot be reversed or cancelled once they have been processed on the Ethereum blockchain. While this is a feature that actually keeps you safe online, should you happen to accidentally send funds to the wrong address, you can’t get your money back. Therefore, always double check that you have the right address when sending transactions.
Best Exchange for Ethereum Betting
When considering the best Ethereum betting sites and exchanges, we take into account an array of factors, including geo-location and market conditions.
With the growth of cryptocurrency, numerous exchanges now support ETH, but we consider eToro and Binance as the best options. These are two leading crypto exchanges, each boasting stringent security and efficient trading experiences.
Both exchanges are easy to navigate and have reasonable fees.
Responsible Gambling at Ethereum Betting Sites
There are some Ethereum betting sites which have no limits in terms of depositing with the cryptocurrency. Thus, it’s imperative that you bet responsibly and avoid getting carried away. Here are a few tips for betting responsibly while using ETH.
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Play within limits — While some ETH betting sites set no limits, bookmakers will give you the chance to impose several different account limits which help you adhere to responsible gambling principles.
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Chasing losses is not an option — Chasing betting losses is a recipe for your gambling spiralling out of control. If your bet loses, accept it and avoid any potential temptation to try earning your money back with another bet.
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Manage your bankroll — Bankroll management is key. You’ve got to be aware of how much you can afford to lose, and use this figure to set a budget for your gambling exploits.
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Don’t place bet under the influence — Gambling is a risky business as it is, let alone when your judgement is impaired. You’re not likely to make sensible and responsible choices when under the influence.
ThePuntersPage Final Say
ETH has proven to be useful for operating platforms as it is a sustainable currency that also allows operators to create decentralised applications. Bettors can therefore enjoy the anonymity it offers, as well as a more streamlined betting experience thanks to the speed of transactions.
While it is true that some Ethereum betting sites might not offer quite as many sports betting options as the traditional bookmakers, all of the more popular sports are available to bet on with ETH.
Ready to embark on your Ethereum betting journey? Bookmark this article to have all the best Ethereum sites listed in one place!
FAQs
Ethereum betting is regarded as safe because the best betting sites enable users to deposit funds externally. As a result, no sensitive financial details are entered into the platform. Anonymous accounts are also supported to protect player privacy.
Crypto is unregulated but legal, and you can use Ethereum as a source of funds for sports betting.
Vave, Ivibet, and Mystake are the three best Ethereum betting sites.
You don’t need to enter any personal information when depositing with Ethereum. However, you may be required to verify your identity if you’re betting with large amounts.
You must select a bookmaker that allows Ethereum deposits, and ensure you have enough ETH in your wallet to transfer. After ticking these two boxes, the process is quick and easy. Confirm how much you want to deposit, and place bets as usual once your account is funded.