This article will offer in-depth data and analysis on what the best Ethereum sportsbooks have to offer. It’ll show amateurs how to start betting at these sportsbooks and why many bettors choose Ethereum sportsbooks. You’ll get to understand the grey legal stance of Ethereum sportsbooks and see what the future holds for them.
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Best Ethereum Sports Betting Platforms Reviewed
1. Stake
Stake is an online betting platform that was established in 2017 and accepts 8 different cryptocurrencies. While this platform doesn’t require any personal information when you register, you’ll provide it when you want to deposit funds.
Available Bonuses
- $75,000 Weekly Giveaway: $1000 minimum deposit
- Stake’s Daily Races: No playthrough requirements
- Everton-Clean Sheet Bonus: $5 minimum deposit
- Stake X Soccer-Match of the Week: $5 minimum stake
- NBA Primetime Double Winnings: $5 minimum deposit
Payments
- Cryptocurrencies: Litecoin, Tether, Bitcoin, Ethereum, Tron, Ripple, Dogecoin, and Bitcoin Cash
- Are there any fees? None
- Minimum deposit: $0.06
- Max withdrawals: $21,613
- Payout time: Instant
General Information & Security
- Year founded: 2017
- 15 Languages
- Government of Curacao License
- Reputation: 9.4/10
Security
- Stake secures user accounts with 2-factor authentication
Anonymity
- This platform isn’t completely anonymous as your residential address, date of birth, and your name will be required on the first deposit
2. Cloudbet
Cloudbet is an online betting platform that’s focused on providing sports betting opportunities. This platform provides mobile-compatible betting services and offers numerous sports for betting
Available Bonuses
- Cloudbet Loyalty Club: No minimum deposit
- Welcome Bonus: 100% deposit bonus with 0.01ETH minimum deposit.
- Free Spins Tuesday: Minimum deposit of $24
- Zero Margin Sports Bet: Minimum bet of 14.58ETH
Payments
- 31 Cryptocurrencies like Tron, Cardano, Binance Coin, and Bitcoin.
- Fees: 5% on deposit and withdrawals
- Minimum Deposit: 14.58 ETH
- Maximum Withdrawals: $601,850
- Slow payout time
General Information & Security
- Year founded: 2013
- Numerous languages are supported
- License: Government of Curacao
- Reputation: 9.2/10
Security
- This platform is secured by 2-factor authentication and Secure Socket Layers (SSL).
Anonymity
- Cloudbet offers complete anonymity
3. Sportsbet.io
Sportsbet.io is a sports betting site that was developed by the same team that developed BitCasino. It’s an easy-to-use platform that offers numerous promotional offers and also improves the betting experience with a mobile app.
Available Bonuses
- J-League Kickoff Cashback: No minimum deposit
- 4-3-Free horse racing: No minimum deposit
- Free-to-Play offers: No minimum deposit
Payments
- 6 Cryptocurrencies like Bitcoin, Ethereum, and Ripple
- Minimum deposit: $0.57
- Max withdrawals: $34,274
- Instant payout time
General Information & Security
- Year founded: 2016
- 10 Languages
- License: Government of Curacao
- Reputation: 9.0/10
Security
- The security on this platform is assured through 2-factor authentication.
Anonymity
- This platform allows anonymous registrations, but it can request personal information at any time.
4. N1Bet
N1Bet provides players with plenty of crypto sports betting opportunities. The site design splits N1Bet into two different sections. One half is for sports betting, and the second is for betting.
Available Bonuses
- Welcome Bonus: Enter the code “FIRST” to get 50% up to $200
- Welcome Express: Up to 25%
- Ice Hockey N1: Up to 50%
- American Football N1: Up to 70%
- Brazillian A Series: Up to 60%
Payments
- Cryptocurrencies: Litecoin, Bitcoin, Tether, Ethereum, Bitcoin Cash, and DogeCoin
- No fees are required
- Minimum deposit: $20
- Max withdrawals: $12,500 per month,
- Payouts are instant
General Information & Security
- Year founded: 2021
- 10 languages
- License: Government of Curacao
- Reputation: 8.8/10
Security
- This platform is secured using Cloudflare Secure Socket Layer (SSL) technology and 2-factor authentication.
Anonymity
- N1Bet is not anonymous and KYC can be requested from players.
5. BC.Game
BC.Game is a betting platform that is popular for their slot titles, which number in the thousands. Nonetheless, this platform offers a good variety of sports games with good betting odds. They also offer numerous bonuses and accept over 18 cryptocurrencies.
Available Bonuses
- Deposit Bonus: $10 minimum deposit
- Rakeback Bonus
- Lucky Spin Bonus
Payments
- 18 cryptocurrencies like Tron, Solana, Avalanche, Bitcoin, and Ethereum
- Minimum deposit: 1mA Bitcoin
- Max withdrawals: No maximum
- Payout time is slow as withdrawals can take 6 hours
General Information & Security
- Year founded: 2017
- 18 languages
- License: Government of Curacao
- Reputation: 8.7/10
Security
- This platform is secured through 2-factor authentication.
Anonymity
- You can sign up for this platform without giving out personal information, but when you make your first withdrawal, you will need to do so.
| Operator | Bonuses | Promo Code | Wagering Requirement | Max. Bonus | Trustworthiness & Reputation | Anonymity | Pros | Cons |
| Stake | $75,000 weekly giveaway | No Code | Wager $1000 | $75,000 | Licensed, high reputation | Kyc required, not anonymous |
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| Cloudbet | 100% deposit bonus | No code | 0.01ETH | 20 ETH | Licensed | Completely Anonymous |
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| Sportsbet.io | J-League Kickoff Cashback | No Code | No minimum deposit | 1000 USDT | Licensed | KYC might be required, not anonymous |
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| N1Bet | Welcome Bonus | FIRST | No wagering | $200 | Licensed | KYC might be required |
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| BC.Game | Deposit Bonus | No Code | $10 minimum deposit | 1260% deposit match | Licensed | KYC is required, not anonymous |
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How Do I Get In On the Action & Start With Ethereum Betting?
Going into ETH betting is just like getting started with any other form of crypto betting. Nonetheless, you can follow the steps below to get started.
Step 1: Choose a Site & Create an Account
The first thing that you need to do is choose a reliable Ethereum platform and open an account with it. Thankfully, we’ve listed some reliable platforms above, so you can choose one of them.
Visit your chosen crypto sports betting platform and click on the “Register” or “Join Now” buttons on the site. You’ll be asked to enter information such as your email address, password, and, in some cases, personal information.
Step 2: Deposit Cryptocurrency
After opening an account with the Ethereum sportsbook, you’ll need to fund it with ETH. Log into your sportsbook account and go to the “Banking” or “Cashier” tab. Select “Deposit” and choose “Ethereum” from the available payment methods.
Here, you’ll need to enter the amount of funds that you wish to deposit. Follow the sportsbook’s deposit process, which usually involves providing the public keys to your wallet and transferring the funds.
Step 3: Choose Sporting Market
After receiving the notification that your deposit has been received in your sportsbook account, you can start betting. Choose your preferred sport from the list of games available at the sportsbook.
Step 4: Place Sports Bet
Once you’ve opened the page for your preferred sport, you’ll see all the available games and their betting odds. Here, you can go through them to choose a particular game and place your bet on your chosen odds.
Where to Buy Crypto for Betting
Cryptocurrency exchanges are online marketplaces where you can buy ETHER to use on Ethereum betting sites. Choosing a cryptocurrency exchange is serious business, as there are many platforms that are available online. If you don’t want to choose a platform that you’ll regret visiting, you should follow the guide below.
Security
Like all online platforms, security is an important factor when making payments online. So, you should choose a cryptocurrency platform that’s protected by Secure Socket Layer (SSL) technology and other online security protocols. If you’re using a web-based platform, ensure that the site is protected by the “HTTPS” security protocol.
User Interface
The best cryptocurrency exchanges are those that are simple enough for beginners to understand. After all, no one would want to visit a platform that they’d spend minutes trying to understand.
Deposit and Withdrawal Options
Always choose crypto exchanges that offer a variety of deposit and withdrawal options. This makes it easy for you to choose a payment method that you’ll be familiar with.
Fees
Purchasing Ethereum from crypto exchanges isn’t free, so you should expect some charges. However, charges differ by exchange, so there’s nothing wrong with going for a crypto exchange that charges less.
Transparency
One of the factors that make cryptocurrency exchanges trustworthy is when they are transparent with their activities. So, if you’re going to be choosing, ensure that the platform’s order book volume and audit information are open. This shows that they’ve got nothing to hide.
Online Reputation
All good crypto exchanges will have mostly positive reviews about them online. When you check social media and other review platforms, people who have used them will encourage others to try them out.
Why do People Love to Bet with Ethereum?
Although there are many cryptocurrencies that people can use to bet, Ethereum is the sweet spot for many. Below are various points that show why this is so.
Financial Privacy
Betting with Ethereum allows you to enjoy the anonymity that crypto betting platforms are known for. This means your betting activities when using this digital coin are kept secret from our bank and other financial institutions.
Fast Transactions
The recent upgrades to the Ethereum blockchain have made it more scalable and able to easily handle traffic. This way, bettors can enjoy fast transactions even when they use the platform’s services during peak hours.
Decentralized Payments
As a decentralised payment system, transactions made on the Ethereum blockchain are conducted solely between the involved parties. This way, there are no third parties that can compromise the safety of the transaction or reduce transaction speed.
Low Fees
Ethereum’s gas fees are low compared to most of the popular digital coins around. So, depositing and withdrawing funds using this cryptocurrency won’t cause you to lose much.
Play from Anywhere
The Ethereum blockchain is accessible from any country and from any location in the world. This feature makes Ethereum betting platforms accessible from any country worldwide.
Bigger Bonuses
You can expect good bonus offers when you gamble at Ethereum betting sites. The welcome bonuses are better than most, as are the VIP offers and the other promotional offers on the platform.
Factors to Consider Before Selecting a BTC Sportsbook
Your choice of BTC sportsbook is important because only the best sportsbooks offer a real crypto betting experience.
Secure Crypto Payments
Since you’re going to be transferring your digital coins online, you’ll need to ensure that they’re safe. As such, your choice of BTC sportsbook should be able to ensure the safety of its players. They should have suitable security measures alongside blockchain technology to ensure that transactions are safe.
Fast Transactions
A good sportsbook should offer fast transaction speeds for deposits and withdrawals. This means you should see the result of your transactions within a few minutes or at most, a few hours.
VIP Programs, Bonuses, and Promos
Bonuses are enticing perks that all betting platforms offer to entice players. However, the range of bonuses that a site can offer differs from others. So, you should always look out for the best bonuses, promotions, and VIP programs when choosing a BTC sportsbook.
Restricted Countries
Although cryptocurrency sportsbooks are said to offer worldwide coverage, not all crypto betting platforms offer that advantage. Some of them restrict the registration of players from a few countries. So, before you register with a cryptocurrency site, you should ensure that they don’t restrict your country.
Low Crypto Transaction Fees
Whenever you deposit or withdraw funds from your sportsbook account, the blockchain takes a cut. So, look for a BTC sportsbook that collects lower fees for the transactions that happen on their platform. You can also find sportsbooks that pay these fees themselves so that their clients can deposit and withdraw funds for free.
Equitable Deposit & Withdrawal Limits
While Bitcoin sportsbooks offer wider deposit and withdrawal limits than conventional betting platforms, these limits differ for each sportsbook. So, you should find sportsbooks that offer wider limits than their peers do.
Diverse Selection of Crypto Betting Markets
When you choose a cryptocurrency betting platform, try to choose one that offers numerous betting markets. This way, you’ll have a lot of choices when it comes to placing odds, and you won’t get bored easily.
Reputation and Trust
Trust is important for any online platform, and trustworthy platforms have a good online reputation. So, you should always go on the internet to look at reviews that people have written about a site before using it. That way, you’ll be able to tell if the platform has a good online reputation.
Sports, Lines, and Odds Available
There are numerous sports that you can bet on at a good cryptocurrency betting platform. From conventional sports like football to the newer eSports variety, you’ll find them all on a good site. Also, make sure to look out for sites that offer good betting odds, so that you can make more when you win.
Good Betting Features & Resources
A good cryptocurrency betting platform should offer an easy-to-use interface and a mobile friendly platform. It should also offer some useful resources like articles and videos that can help new players understand cryptocurrency betting.
Why use Ethereum for Sports Betting?
If you’re going to be betting on sports, there are many reasons why you should use Ethereum for placing wagers.
Immediate Payouts
Ethereum sports betting sites are known for their instant payouts, which are facilitated by the speed of the Ethereum blockchain. When you use these sites, you can expect to withdraw your winnings within a few minutes.
Anonymous Transactions
Many bettors chose cryptocurrency betting because of its anonymity, and Ethereum delivers in this regard. Whenever, you deposit or withdraw betting funds using Ethereum, you’ll only need the public key for your wallet. This key is a mashup of alphanumeric characters, which have nothing to do with your actual identity.
Better Betting Odds
Ethereum betting platforms are known to offer favourable betting odds compared to the average cryptocurrency sportsbook. So, when you wager with ETH, you can be sure to earn more.
Which Cryptocurrencies are Accepted for Online Betting?
Besides Ethereum, crypto betting platforms also accept wagers for a variety of popular digital coins. Some of these coins include:
- Bitcoin: Bitcoin is the most popular cryptocurrency around, and it’s also the most widely accepted one. This digital coin gets rid of the need for a third party in a financial transaction between two people by using blockchain technology.
- Ripple: Ripple is a decentralised payment system that allows for real-time fund transfers from all around the world. Users can use this platform to exchange various currencies in real time.
- Litecoin: Litecoin is a cryptocurrency network that’s inspired by Bitcoin but offers lower costs and a higher coin supply.
- Shiba Inu: This is a dogecoin alternative that allows users to create decentralised applications on the Ethereum blockchain.
- Bitcoin Cash: Bitcoin Cash is a hard fork of the Bitcoin blockchain that offers faster transactions and lower transaction fees.
Drawbacks of Crypto Betting Sites
Betting on cryptocurrency sportsbooks isn’t always advantageous, as they come with their downsides as well.
Lack of Regulation
Unlike traditional betting operators, the crypto betting scene is largely unregulated. So, fake crypto betting platforms are rampant on the crypto betting scene since there’s no betting authority that can stop them.
No Chargebacks
All cryptocurrency transactions are final; you cannot reverse them. So, whenever you make a deposit or a withdrawal at a cryptocurrency sportsbooks, the transaction is final.
Crypto Price Volatility
The value of digital coins isn’t fixed, as they can change at any time. So, the digital coins that you won at a sportsbook could have a lower value than when you deposited them.
Is Crypto Betting Legal?
Many people believe that crypto betting is illegal, and that’s wrong. While crypto betting isn’t strictly legal, there are no laws that say it is. This means its in a grey area of the law where you can’t really say whether its legal or not.
Cryptocurrency is accepted in countries like Canada and the UK, and some laws have been laid out to guide its usage. Crypto betting, on the other hand, hasn’t been explicitly addressed by the government.
However, some countries’ laws have been known to affect crypto betting. One example is Canada, where all cryptocurrency earnings are taxed. Another is Australia, where all betting-related activity cannot be advertised to members of the public.
However, if you’re going to engage in crypto betting in your country, you should clarify some key areas. You need to ensure that your country accepts cryptocurrency or online betting.
If cryptocurrency is illegal in your country, while online betting is legal, then crypto betting would also be illegal. If online betting is illegal while cryptocurrencies are accepted, then crypto betting would still be illegal.
The Increasing Popularity of Sports Betting with Ethereum
Ethereum sports betting platforms are becoming more popular these days as more bettors accept them. Unlike conventional betting platforms that cannot provide a private betting experience, Ethereum betting platforms allow anonymous betting. Their benefits don’t stop there, as they offer lower transaction fees and greater security due to blockchain technology.
With their fast deposit and withdrawal speeds, bettors can expect their withdrawals the same day they request them. The advantages don’t stop there, as Ethereum betting platforms offer a worldwide betting experience that ignores geographical restrictions. Popular sports betting sites that accept Ethereum include Stake, Cloudbet, Thunderpick, and BC.Game.
What is the Projected Growth of Ethereum Betting in the Future?
Ethereum 2.0 is a long-awaited Ethereum update that occurred in September 2022. This was the transition of the blockchain from the dated and power-hungry proof-of-work consensus to the power-conserving proof-of-stake consensus. The new update brought low transaction fees, scalability, and higher transaction speeds to the Ethereum platform.
This update has made betting with Ethereum more advantageous than before. When the clogged network issues are resolved in the future, Ethereum-based sports betting will become more popular. So, punters will be able to wager on their favourite sports and expect peak transaction speeds at any hour.
There have been advancements in the acceptance of cryptocurrency in many countries today. While it’s still not legal tender, cryptocurrency can now be accepted as a payment method. So, the acceptance of crypto betting platforms is just around the corner.
As blockchain technology is used in other areas beyond finance, like gaming, people will come to trust it. This would push governments to recognise it as a safe advancement in technology. Of course, this would also work in favour of crypto betting.
The Best Mobile Apps for Ethereum Sports Betting
Sportsbet.io and Bitcasino are two mobile apps that have emerged on the Ethereum sports betting scene. These apps provide a more convenient method of Ethereum betting, as they allow punters to gamble on the go. They also offer adequate security with their two-factor authentication.
Ethereum betting apps also offer the fast deposit and withdrawal speeds that the blockchain is known for. They come with user-friendly, intuitive interfaces that any punter can quickly get used to. They also offer a wide range of betting markets for bettors and a number of available betting odds.
Conclusion
Ethereum sports betting has really kicked off with the advent of Ethereum 2.0. This has allowed the popular Bitcoin alternative to catch up to newer cryptocurrencies in terms of low transaction fees, scalability, and transaction speeds. This has, in turn, made Ethereum sports betting sites a popular option among punters.
Although Ethereum betting sites are not accepted like traditional betting operators, this is only a matter of time. As the usefulness of cryptocurrency diffuses into modern society, Ethereum betting platforms will come to be accepted.
Newbies to Ethereum betting need to procure ETHER at an exchange, deposit it in their sportsbook account, and then they can gamble. Take note that the choice of your crypto exchange and betting operators matters for your safety and betting experience. So, you should follow the instructions in the article to choose a good Ethereum betting platform and crypto exchange.
Q&A Session
In this section, Eugene Abungana will address your inquiries and the most common questions regarding Ethereum Betting Sites and offer guidance to newcomers in the field. Feel free to submit your questions through our contact form, and we will strive to respond within 48 hours.
With Ethereum, you can bet on football, basketball, American soccer, cricket, Esports, and other popular sports.
To deposit with Ethereum, you need to head to the sportsbook’s deposit page, choose this payment method, and enter the deposit amount. After which, you’ll need to follow the sportsbook’s deposit procedure to enter your crypto wallet’s public key and transfer the funds. Withdrawals occur in the same way, but you’ll head to the withdrawal page and enter your wallet’s public key.
The fees associated with using Ethereum for sports betting are gas fees, which you’ll need to pay for payment transactions.
You keep your Ethereum transaction secure by betting at a reliable betting operator. You should also avoid using public networks like public Wi-Fi when conducting deposits and withdrawals.
You can manage your bankroll when you make smaller bets, use bonuses, and focus on games with a lower house edge.
You can claim bonuses for Ethereum sports betting sites by going to their “Promotions” page. There you’ll see the bonus codes that you’ll need to enter at the sportsbook. You can also contact customer care and ask them to activate the bonus that you qualify for.
You can contact customer care by clicking on the live chat icon, calling their help line, or sending an email.
No, Ethereum faces no restrictions on sports betting in any country or region. The only areas in which you can’t use it are countries where cryptocurrency isn’t accepted.
Eugene Abungana
Author
I have worked with several companies in the past including Economy Watch, and Milkroad. Writing for BitEdge is highly satisfying as I get an opportunity to share my knowledge with a broad community of gamblers.
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