The Proper Way to Use Ethereum Betting Sites​

Cryptocurrencies have changed the way financial institutions are viewed as they now have myriad use cases. They present an easier way to carry out financial activities away from the tedium of third-party interference. One of the areas where cryptocurrencies are now applied is in betting.

Ethereum betting is the art of betting and gambling on casino games or sport using Ethereum. Ethereum (ETH) is a cryptocurrency that has several use cases, one of which is gambling. Generally, Ethereum betting is much like traditional gambling. The major difference between Ethereum gambling and regular gambling is that as opposed to using traditional currencies to gamble, Ethereum is used instead. Despite the similarities, there are still a few differences that make Ethereum betting different from traditional betting. Ethereum is very popular on crypto betting sites.

One of the things that make Ethereum very popular is that transactions on the Ethereum network are a lot faster and cheaper than transactions involving traditional currencies. This is why Ethereum is very good for betting because it ensures that players can transfer their money easily.

Plus, it helps that Ethereum’s increased popularity has contributed to the growth of more ETH-specific betting sites. These sites give the option of betting on different games. This makes it a good opportunity for players who desire the best of Ethereum’s services.

It can be difficult to choose from the myriad online sites as scams are now rampant, however, this article contains information about what you need to look out for when picking a suitable Ethereum betting site, as well as the best sites you can pick from.

How do we rate online Ethereum betting sites?

For someone who is new to crypto, especially Ethereum betting, the process can be a bit confusing in the beginning. It might be a bit difficult to differentiate the scams from the legit sites. There are a few things to look out for when trying to pick a good Ethereum site. Here is a list of things we look out for when we review appropriate sites for Ethereum betting.

Security & Licensing

When picking the best Ethereum betting sites, it is imperative to pick one with solid security and proper licensing. Many Ethereum betting sites have their licenses in Curacao and one of the first signs that a site might not be legit is the absence of a proper license.

Website Design

One major sign of a legit Ethereum betting site is proper website design and layout. Most legit sites put a lot of thought into the layout and user experience of their pages because they make user satisfaction a priority.

Customer Support

No website is completely perfect so it is to be expected that there might be hitches from time to time. However, a sign of an efficient Ethereum betting site is the presence of professional customer service. Topnotch customer service is very important in a business that deals with people and finances.

Sports Accepted

Before you pick a site to use for Ethereum betting, you need to be sure of the kinds of sports accepted on the site. You need to be sure that your sports interests align with what is accepted on the site so you do not waste your time.

Bonuses and Promotions

In selecting the best Ethereum betting sites, we took the kinds of bonuses and promotions regularly offered on the sites into consideration. Promotions are a sure way to keep customers interested in betting.

How to start betting

There are several resources on the internet about the pros and cons of sports betting with ETH, but only a few sources explain HOW to actually use these sites.

In order to solve this issue, we have curated a guide on how you can begin your Ethereum betting journey and make the most out of the experience. Here are a few facts and steps you can follow to begin.

Select a Sportsbook

You first need to go through the list of a legit sportsbook with all the right qualities. You need to be sure that the site accepts cryptocurrencies and also that your preferred sport is available on the site. It is important that you consider all these factors to reduce the risk of getting scammed.

Register an account

After selecting your preferred site, the next step will be for you to create an account for yourself. You can’t do anything if you do not complete all the registration processes as only a proper membership will give you access to the perks of using an Ethereum betting site.

Deposit

The next thing you need to do is to deposit your Ethereum into your account. Before you fund the account, you need to ensure that you select the right wallet on the site. Finally, you exercise a little patience for your deposit to reflect.

Enjoy

Once you have completed the funding, you are now free to begin your Ethereum betting journey.

How to make a deposit with cryptocurrency

Once you have acquired some cryptocurrency, the next thing to do is to deposit them into your chosen betting site before you can start placing your bets. You need to be sure that your selected site is an Ethereum betting site. There are many popular sites for ETH sports betting available, depending on your preference. After this, you should then follow the following steps:

• Create an account at the site you’re interested in depositing at.
• Choose the cryptocurrency you wish to use for your deposit.
• Send your crypto by either logging in through your online crypto wallet or by sending it to the crypto address displayed on the site.
• Wait for the transaction to be confirmed.

Popular sports at crypto sportsbooks

There are many sports available on Ethereum betting sites just like you have on traditional betting sites. A lot of the time, the prices available on Ethereum betting sites are much better than those available on traditional betting sites. The sports available range from eSports to physical sports and virtual sports. It all depends on the specific site and what they offer. Some of the sports available on ETH betting sites include:

• Football/Soccer
• Basketball
• Boxing
• MMA
• Tennis
• Horse Racing
• Global Sporting Events
• eSports

FAQ Section

Is it legal to use Ethereum betting sites?

Many countries worldwide support Ethereum betting sites but it is important you confirm that they are allowed where you live. There are two things to take into consideration: the legality of cryptocurrencies in your country and the legality of sports betting sites. Even if your country doesn’t allow a specific site, you can find other sites that are legal in your country.

Is it possible to bet anonymously with Ethereum?

When you create a wallet, your Ethereum address is the only information that represents the location of your Ethereum and the locations you transfer it to. This makes it very anonymous and this anonymity attracts many punters.

If you want to continue retaining anonymity, you can use a new wallet address every time you accept a payment. You can have several wallets for different purposes.

How long do deposits take?

The process of withdrawing Ethereum is much like the process of depositing it. However, many Ethereum betting sites prefer to manually verify the task to prevent scams.

The time it takes to deposit your Ethereum is dependent on the specific Ethereum betting site you use. Some of them have longer validation processes that could last for up to a few days. Some other sites don’t take as long and process your withdrawal within a short time.

Are there bonuses on Ethereum betting sites?

Like other crypto betting sites, some Ethereum-based sites offer bonuses. However, the bonus available is dependent on the specific site. You need to ensure that you complete all the site requirements before you can access their bonuses and promotions.