The number of people using cryptocurrencies to place bets is increasing. When it comes to crypto betting, your first thought is probably Bitcoin, but Ethereum is gaining ground pretty rapidly.
Some Bitcoin betting sites are now offering Ethereum an alternative to consumers, so if you trade in Ethereum, you may use it to place bets.
Growing numbers of betting sites are now accepting cryptocurrency, and the benefits to both the betting sites and the players are significant.
Ethereum, like all other cryptos, is based on open-source, public blockchain technology, and therefore is legal to use on betting sites.
There are huge benefits to betting with cryptocurrency, just as there are to betting with Bitcoin. The most significant change for most individuals is the rise in betting limits, which are frequently larger for crypto bets than for traditional wagering.
Many punters value anonymity, and if you like to be as anonymous as possible while betting, this gambling technique is the way to go.
You may also expect to see some substantial bonus offers, such as free bets and so much more, which are often larger than what you’ll find elsewhere.
Betting on Bitcoin started it all, but Ethereum betting quickly followed up and became a popular alternative for individuals wishing to place bets online.
So if you want to bet online with Ethereum here are some of the best bookies who accept Ethereum:
Cloudbet
Cloudbet has earned and maintained a reputable status as one of the greatest Ethereum sportsbooks online.
The website is incredible; you can wager on all major league sports and esports, as well as a few less well-known ones (squash, futsal, darts, and so forth). Furthermore, Cloudbet also offers political betting, which can be very interesting.
The supported cryptocurrencies at Cloudbet are Ethereum, Dogecoin, Chainlink, Dai, Bitcoin, Bitcoin Cash, Litecoin, Paxos, Tether, USD Coin, PAX Gold, Dash.
In-play betting is available in various sports, including soccer and American football. Win, half win, lose, tie, and half lose are the five different settlement results used by Cloudbet.
In addition, any newly enrolled user will receive a 100% matched deposit bonus up to an astonishing 5 ETH if they invest at least 0.01 ETH. The minimum deposit is 0.0001 ETH.
N1bet
N1bet is a newcomer to the betting scene, but it has already earned a name. There are over 150 different sports and over 1,200 different markets to choose from for betting. That level of variation is uncommon, so we’re blown away.
N1bet supports the following cryptocurrencies: Ethereum, Litecoin, Bitcoin, Dash, Monero, and Millitbitcoin. The minimum deposit is 0.01 ETH.
Soccer, ice hockey, tennis, basketball, volleyball, table tennis, and handball are the most popular sports at N1bet. Alpine skiing, futsal, biathlon, and other unconventional sports are examples of what else they have to offer.
Check out the Cybersport area if you want to wager on esports. The In-Play feature is for you if you appreciate placing live bets while watching a game. The number of various leagues and nations covered will astound you.
JooSports
This is a new ETH betting site, but it’s associated with JooCasino, active for quite some time.
The supported cryptocurrencies with JooSports are Ethereum, BitcoinCash, Dogecoin, Bitcoin, Litecoin, Tether. The minimum deposit is 0.01 ETH.
There are a plethora of betting possibilities available. Soccer and tennis are, unsurprisingly, the most popular. Among other sports in demand are ice hockey, table tennis, handball.
JooSports offers bets on cricket, futsal, field hockey, and other sports that aren’t as popular. Counter-Strike, League of Legends, Dota 2, King of Glory, and StarCraft are among the esports titles available.
In-play wagering is also possible. You’ll be able to see which matches are currently taking place and which are coming up, so if something grabs your attention, go for it!
FortuneJack
FortuneJack is another excellent Ethereum sportsbook. Other supported cryptocurrencies are Bitcoin, Ethereum, Litecoin, Dogecoin, ZCash, Monero, Tron, Dash.
FortuneJack’s sports betting catalog covers all of the primary selections that have always been popular with players. Soccer and tennis are the most popular sports for those who select this sportsbook.
You might also try something different like curling, badminton, or cycling. Also, don’t overlook esports (StarCraft, King of Glory, Counter-Strike, and others). You can place a live bet by clicking on the Live In-Play tab to check what matches are ongoing.
Is It Possible To Bet With Ethereum?
Ethereum is analogous to other crypto coins like Bitcoin, Bitcoin Cash, Dash, Litecoin, and others, but it has unique characteristics.
Ethereum has been operating on open-source, public blockchain technology since 2015, and it, like other cryptocurrencies, is fully legal for use on betting and casino sites.
Why Bet With Ethereum?
The primary reasons for betting on Ethereum are cost and speed. When compared to traditional payout and cashier procedures, the lack of fees and quick processing speeds are just overwhelming.
If you’re currently frustrated by either of these two reasons while betting with standard dollars or other currencies, wagering with Ethereum or other cryptocurrencies might be the answer.
The data routinely shared between bookmakers and financial institutions when making deposits or withdrawals pose a potential threat and are far from anonymous.
The anonymity element is strengthened while wagering with Ethereum due to the cryptocurrency’s blockchain architecture. It is unquestionably preferable to conventional payment options in this regard, and it represents yet another significant advancement in the online sports betting sector.
Is It Safe To Bet Using Ethereum?
Yes, betting with Ethereum is just as safe as betting with actual money on sports. The only thing to be cautious of is depositing and withdrawing funds from gaming websites and other casino sites, as crypto is irreversible.
Is It Legal To Wager On Sports With Ethereum (ETH)?
Yes, betting on Ethereum is allowed in the same way that betting on fiat currency is. Ethereum, BTC, or any other cryptocurrency can be used to make a wager on a casino site as long as it is legal to do so.
Where Should I Keep My Ethereum?
The most convenient way to store Ethereum is to keep it in a third-party wallet, such as one offered by the exchange. Following this technique will allow you to access your cryptocurrency conveniently, and having the tokens on the exchange will likely help you trade more quickly.
Summary
With the growing popularity of crypto based gambling it’s no surprise that many bookies accept Ethereum. Hopefully the blog above gives you some ideas about how to get started with your Ethereum betting journey.
