Gambling Sites » The Best Ethereum Betting Sites

Best Ethereum Betting Sites 2024: Raise the Stakes with the ETH Sportsbooks

Last Updated on 23.02.2024
Fact checked by: Emily Carter

Ever tried your hand at Ethereum betting? Sports betting sites that accept ETH are skyrocketing in popularity these days – and there are several reasons why.

For starters, Ethereum’s transaction fees are low, low, low when compared to those associated with other cryptocurrencies. What’s 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 you’re totally new to crypto betting?

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🎖 The best bookmakers that accept Ethereum in 2024

Ethereum
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💡 ETH betting – a bit about how it works, and how to get started…

So, what is Ethereum, anyway? ETH was first created in 2015 following a crowdfunding campaign led by four prominent programmers. Put simply, it’s a blockchain-based cryptocurrency not dissimilar to Bitcoin betting sites, and it’s becoming increasingly popular in iGaming.

If you’re considering crypto betting sites for the first time and feeling a little anxious, believe us – don’t 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:

  1. Use Jaxon’s endless resources to narrow down trusted sports betting sites with ETH listed as a payment option.
  2. Register with a reputable iGaming brand that’s licensed, and legally available where you live.
  3. Simultaneously, sign-up with an ETH-friendly crypto wallet – preferably one that’s favoured by your preferred betting site or casino. You can usually double-check which wallets are supported on their “Payments” page.
  4. Once both are set-up, follow your betting brand’s “Deposit” instructions to fund your iGaming account via your crypto wallet. With some platforms, you might need to punch in a recipient address from your wallet, rather than depositing directly through the betting site itself.
  5. Drop some ETH into your online account with the bookmaker, then start browsing their sports betting odds.
  6. Put down as many ETH bets as you please, then withdraw back into your crypto wallet once satisfied.

🔐 Which ETH betting sites are the best, safest and most secure?

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 – it’s essential to only ever bet with properly licensed providers that are 100% legal where you live. 

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 they’ll take your ETH payments and give you a superior sports betting experience.

Plus it’s 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.

🤷 What makes Ethereum betting sites worth your while?

The biggest benefits of using ETH at sports betting sites and casinos, are:

Key Pros 🔑What you should know… 👇
Superfast deposits and withdrawalsEthereum is capable of processing approximately 30 transactions per second. Now, obviously you can’t 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 transactionsAll 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 – and recent trends suggest fees are only getting smaller…
Wider availabilityWhile 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…

👍 The bookmakers we recommend

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⛔ What potential risks does Ethereum betting pose?

Every pro, of course, has a corresponding con. Whether you’re new to ETH betting or this is far from your first rodeo, you’ll need to keep the following potential risks firmly in mind…

Key Cons 👎What you should know… ❓
Transactions are irreversibleI 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 – as ETH transactions are irreversible once processed. The best way around this? Just be extra careful, basically…
Some basic crypto knowledge is requiredThis one could be a stickler for first-timers. Before you can get started, you’ll need to of course familiarise yourself with crypto wallets, exchanges, and payments. But don’t stress, because I have plenty of useful guides across the Jaxon site to help you out.
Legal and regulatory concernsEthereum itself is unregulated, which means you need to take extra care. Basically, you should only ever bet with licensed bookmakers, and you’ll need to be based in an Ethereum-friendly country, too.

⚖ Enjoy ETH betting in a safe and responsible manner with these tips

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 you’ll always enjoy a safe and fair betting experience.

Only bet with licensed sites that are legally accessible where you live

I really can’t 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 – and read through their “accepted countries” T&Cs to ensure you can 100% legally bet there.

Look out for fair and reliable sports odds and casino games

Cross-comparing odds between bookmakers, particularly on your favourite sports markets, is a great way to ensure a brand’s 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 you’re at it, keep your eyes peeled for any ETH-exclusive bonuses – which are becoming surprisingly common these days.

Remember the importance of responsible gaming

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. Don’t be afraid to use them.

👀 Don’t forget about these other betting payment methods

While Ethereum is great for online betting, it does have a few drawbacks that I’ve 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:

  • Alternative cryptos: Most crypto betting sites will let you deposit with dozens of other cryptos like Bitcoin,Litecoin, Dogecoin betting sites and beyond. Each of these coins have their own benefits, so be sure to do your research and see which one is right for you.
  • Ewallets: I’m actually a big fan of using ewallets like PayPal, Skrill and Neteller for online betting. Not only are they super fast and convenient but they are also seriously secure too.
  • Prepaid cards: Lots of people like using prepaid cards like Paysafecard to fund their bets. After all, prepaid cards are so easy to use and you don’t even need to have a bank account. Just note that you can’t make prepaid card withdrawals.
  • Credit and debit cards: Visa and Mastercard feature at most betting sites and this means that you can use your card to make instant deposits with the highest levels of security. Don’t forget that card withdrawals are relatively slow.
  • Bank transfers: OK, so bank transfers can be pretty slow, but they are widely available at betting sites and a kind of last resort for making secure deposit and withdrawals.

🚀 Final thoughts – cautiousness is key when using ETH betting sites for the first time

ETH betting sites are epic fun. Sign up with the right ones, and you’ll benefit from fast, low-fee deposits and withdrawals and maybe even some killer ETH-exclusive bonuses. But if you’re dipping your toe into crypto betting waters for the first time, you need to be a bit careful.

It’s essential to ensure you only ever register with licensed betting sites that offer legal services in your country or region. It’s 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.

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📖 Ethereum betting FAQ

How does Ethereum betting work?

Basically, as with trying to acquire a crypto casino bonus, you’ll first need to set up a crypto wallet, register with a bookmaker and make an ETH deposit. Here’s a handy, step-by-step guide…

💰 Is Ethereum safe?

Ethereum is a decentralised and transparent cryptocurrency that enjoys enduring popularity with sports bettors and crypto casino sites alike. Why? Find out here…

💵 Which betting sites have the best ETH bonuses?

You can grab some awesome crypto betting bonus options at any crypto casinos in the banners on this page. Check out what’s up for grabs now…

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.

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