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Ever tried your hand at Ethereum betting? Sports betting sites that accept ETH are skyrocketing in popularity these days â and there are several reasons why.
For starters, Ethereumâs transaction fees are low, low, low when compared to those associated with other cryptocurrencies. Whatâs more, ETH-friendly bookmakers usually offer fast deposits and withdrawals, and their services tend to be more widely available globally, too. But what are the downsides? And how do you get started if youâre totally new to crypto betting?
So, what is Ethereum, anyway? ETH was first created in 2015 following a crowdfunding campaign led by four prominent programmers. Put simply, itâs a blockchain-based cryptocurrency not dissimilar to Bitcoin betting sites, and itâs becoming increasingly popular in iGaming.
If youâre considering crypto betting sites for the first time and feeling a little anxious, believe us â donât fret. The process for getting started, creating an account, and making your first ETH deposit is largely identical to that you might have experienced when using fiat currencies for iGaming in the past. To get started, simply:
Much as is the case with Bitcoin or Litecoin betting sites, some ETH-friendly betting platforms are simply better than others. Why? Well, a lot of it boils down to security â itâs essential to only ever bet with properly licensed providers that are 100% legal where you live.Â
Thankfully, you can avoid all risk simply by checking out the Ethereum betting sites featured in the banners of this page. Each of these sites have been checked to make sure that theyâll take your ETH payments and give you a superior sports betting experience.
Plus itâs worth noting that these ETH betting sites will be fully licensed to operate in your location. This means that you can legally sign up to these bookmakers, claim your welcome bonus, make your ETH deposits and enjoy a great way to bet on sport.
The biggest benefits of using ETH at sports betting sites and casinos, are:
| Key Pros đ | What you should know⊠đ |
|---|---|
| Superfast deposits and withdrawals | Ethereum is capable of processing approximately 30 transactions per second. Now, obviously you canât expect these break-neck speeds when cashing out from a betting site, but ETH is still generally much quicker than credit card or e-wallet deposits/withdrawals. |
| Low-fee transactions | All cryptocurrencies incur transaction fees via crypto wallet transactions, which are all-but essential for iGaming. ETH, though, attracts an average fee of 0.0007 per transaction â and recent trends suggest fees are only getting smaller⊠|
| Wider availability | While conventional betting sites will often only accept players from specific countries who can deposit in a set few fiat currencies, ETH betting sites are generally much more widely available. Though you should note that in some nations, including China and Qatar, for example, cryptocurrencies are completely off-limits⊠|
Every pro, of course, has a corresponding con. Whether youâre new to ETH betting or this is far from your first rodeo, youâll need to keep the following potential risks firmly in mindâŠ
| Key Cons đ | What you should know⊠â |
|---|---|
| Transactions are irreversible | I mentioned earlier that some bookmakers require you to manually make deposits via your crypto wallet. Enter the wrong recipient address here, and you could be in trouble â as ETH transactions are irreversible once processed. The best way around this? Just be extra careful, basically⊠|
| Some basic crypto knowledge is required | This one could be a stickler for first-timers. Before you can get started, youâll need to of course familiarise yourself with crypto wallets, exchanges, and payments. But donât stress, because I have plenty of useful guides across the Jaxon site to help you out. |
| Legal and regulatory concerns | Ethereum itself is unregulated, which means you need to take extra care. Basically, you should only ever bet with licensed bookmakers, and youâll need to be based in an Ethereum-friendly country, too. |
Transitioning from fiat money sports betting to ETH-powered platforms can feel like a steep learning curve for first timers. Here are three key tips to ensure youâll always enjoy a safe and fair betting experience.
I really canât stress this enough, guys. Always double-check any betting brands in your crosshairs have a trusted license from a reputable body like the Malta Gaming Authority or UK Gambling Commission â and read through their âaccepted countriesâ T&Cs to ensure you can 100% legally bet there.
Cross-comparing odds between bookmakers, particularly on your favourite sports markets, is a great way to ensure a brandâs odds are competitive and fair. With ETH casinos, you should look out for Random Number Generator (RNG) software, which ensures completely randomized slots outcomes, too. While youâre at it, keep your eyes peeled for any ETH-exclusive bonuses â which are becoming surprisingly common these days.
Betting responsibly is an absolute must. The best ETC betting sites offer self-exclusion tools, adjustable deposit/withdrawal limits and links to responsible gaming resources to help you. Donât be afraid to use them.
While Ethereum is great for online betting, it does have a few drawbacks that Iâve outlined above. This means that it might be worth checking out some of these alternative betting payment methods to see if they might be better suited to your needs:
ETH betting sites are epic fun. Sign up with the right ones, and youâll benefit from fast, low-fee deposits and withdrawals and maybe even some killer ETH-exclusive bonuses. But if youâre dipping your toe into crypto betting waters for the first time, you need to be a bit careful.
Itâs essential to ensure you only ever register with licensed betting sites that offer legal services in your country or region. Itâs equally important to double-check any odds and games offered are 100% legit. And of course, you should always keep responsible gambling in mind, and be ready to reach out to essential services if ever you need them. That, my friends, is just about all you need to know.
Basically, as with trying to acquire a crypto casino bonus, youâll first need to set up a crypto wallet, register with a bookmaker and make an ETH deposit. Hereâs a handy, step-by-step guideâŠ
Ethereum is a decentralised and transparent cryptocurrency that enjoys enduring popularity with sports bettors and crypto casino sites alike. Why? Find out hereâŠ
You can grab some awesome crypto betting bonus options at any crypto casinos in the banners on this page. Check out whatâs up for grabs nowâŠ
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
