Ethereum Sportsbooks & Crypto Sports Betting Sites

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.

Best Ethereum Sports Betting Platforms Reviewed

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2. 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

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3. 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

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4. 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.

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5. 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.

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6. BC.Game

BC.Game is a betting platform that is popular for its 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.

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7. Duelbits – Best for Rakeback

DuelBits Casino is a relatively new online gambling platform founded in 2020. The casino is licensed under the laws of Curaçao eGaming, ensuring a regulated and secure gaming experience. The impressive game selection at DuelBits Casino is one of its best qualities. More than 4,000 games are available, giving players a wide range of options.

Pros

• 50% rakeback
• Cryptocurrency supported
• Vast game selection and sportsbook
• High level of anonymity

Cons

• Lack of traditional welcome bonus
• Limited information on the website

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
100% up to $100 in Free Bets	5x	N/A	BTC, DOGE, ETH, LTC, XRP, TRX, USDT

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Best ETH Operators Compared

Operator	Bonuses	Promo Code	Wagering Requirement	Max. Bonus	Trustworthiness & Reputation	Anonymity
Bets.io	First Deposit Sport Bonus	FREEBET	40x	1,000 USDT	Licensed	No KYC on small amounts
Stake	$75,000 weekly giveaway	No Code	Wager $1000	$75,000	Licensed	KYC required, not anonymous
Cloudbet	100% deposit bonus	No code	0.01ETH	20 ETH	Licensed	Completely Anonymous
Sportsbet.io	J-League Kickoff Cashback	No Code	No minimum deposit	1000 USDT	Licensed	KYC might be required, not anonymous
N1Bet	Welcome Bonus	FIRST	No wagering	$200	Licensed	KYC might be required

Operator	Pros	Cons
Bets.io	▪️ Low minimum deposits ▪️ Lots of ERC20 deposits ▪️ Instant withdrawals	▪️ KYC before using credit cards or Apple Pay ▪️ Withdrawals in BTC and USDT
Stake	▪️ Fair games ▪️ Two-factor authentication ▪️ Great customer service	▪️ Poor betting odds ▪️ No welcome bonus
Cloudbet	▪️ Fair Games ▪️ Secure platform ▪️ Fast withdrawal	▪️ Limited contact options ▪️ Handling fee
Sportsbet.io	▪️ Accepts both cryptocurrency and fiat ▪️ Easy-to-use design ▪️ Numerous sports	▪️ No welcome bonus ▪️ No reload bonus
N1Bet	▪️ Easy to use ▪️ Numerous betting odds ▪️ Numerous sports for betting	▪️ Withdrawal limits are pretty low

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 that 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 in 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 many platforms are available online.

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.

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.

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

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 decentralized 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 decentralized 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.

1. 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.

2. No Chargebacks

All cryptocurrency transactions are final; you cannot reverse them. So, whenever you make a deposit or a withdrawal at a cryptocurrency sportsbook, the transaction is final.

3. 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.

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 favorite 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 recognize it as a safe advancement in technology. Of course, this would also work in favor 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.

References:

• American Gaming Association
• The European Gaming and Betting Association (EGBA)
• Digital Currencies and Cross-Border Payments: An Overview
• Ethereum
• Responsible Gambling