- Ethereum Sports Betting
- Ethereum Sports Betting Games
- Ethereum Sports Betting Sites
- Ethereum Sports Betting Picks
Legal Ethereum betting is gaining momentum in the US for several reasons. Online gambling can be difficult for US bettors when it comes to making successful deposits and withdrawals. This is due to the Unlawful Internet Gambling Enforcement Act (UIGEA) and its monitoring of banks and other financial institutions.
Ethereum sports betting is a relatively novel way of doing things, but it can be a very safe and effective way to place your bets. You can take advantage of the anonymity of the cryptocurrency, along with the high transaction speed that can make for a more streamlined betting process. Other Common Types of Ethereum Gambling Although sports betting is one of the most popular forms of gambling, it certainly isn’t the only one. Nowadays, sportsbooks also include classic casino games such as poker, blackjack, roulette, as well as lotteries, bingo. Your global, no-limit betting platform Bet how much you want on sports, economics, world events and more. Betting today is broken & exploitative. Today’s betting Industry trades on promises of getting rich quick, using every trick in the book to extract the maximum value from customers.
However, modern technology has created several new avenues for funding their online gambling through cryptocurrencies. Many online gamblers have begun using Ethereum (ETH) to play online casino games, to play online poker, and placing wagers on sports.
This page was created specifically for those interested in Ethereum online gambling. You will find information on the legalities of gambling with Ethereum, the top-rated sites hosting Ethereum casinos, poker and sports betting and a supplementary FAQ section with information on what Ethereum is, the advantages of gambling with Ether and much more. Be sure to check out our other pages for more specific resources.
Is It Legal To Gamble With Ethereum?
Yes. The UIGEA pertains to banks and other financial institutions. It specifically monitors how they process gambling related transactions. This law does not make online gambling illegal, but does make transactions complicated. Some US bettors are unable to use their credit/debit cards to fund their online gambling accounts. The most important thing to note is that the UIGEA has no mention of cryptocurrencies such Ethereum being illegal. There are no other federal laws barring US residents from using licensed offshore gambling sites.
BetOnline is a top brand that accepts Ethreum and other cryptocurrencies from USA players. They have developed a reputation for fast payouts, fair games, and US-friendly banking options. They also hold compliance records showing that their games have been tested from a trusted gaming commission.
BetOnline offers sports betting, casino games, poker tables, and more from a single user account. They also utilize the latest security features, offer multiple bonus options, and offer assistance from three separate sources. Users will also find a 100% Ethereum Bonus Up To $1000.
Pros
- US Friendly
- Deposit Easily With Your Credit Card, Ethereum, Or Other Cryptos
- Fast And Reliable Payouts Guaranteed
- Bet On Casino Games, Poker, Sports And More All With 1 Account
Cons
- No Visa Withdrawals
- Not available in New Jersey
| Site | Review | Bonus Offer | USA | Visit |
|---|---|---|---|---|
| Casinos | ||||
| 100% Max $3,000 | Play now | |||
| 100% Max $3,000 | Play now | |||
| Sportsbooks | ||||
| Read Review | 50% Max $1,000 | Play now | ||
| Read Review | 50% Max $1,000 | Play now | ||
| Poker Sites | ||||
| Read Review | 100% Max $1,000 | Play now | ||
| Read Review | 100% Max $1,000 | Play now | ||
Buying Ethereum With PayPal Will Soon Simplify Online ETH Betting
In late 2020, PayPal finally announced that it will allow users of its platform to buy the Ethereum cryptocurrency right within the PayPal app itself. This promises to be a major benefit to players who wish to purchase Ethereum with which to deposit at legal online betting sites.
Before, acquiring ETH and other cryptocurrencies required several steps and long waits. Now, with PayPal Ethereum support, that hurdle is could soon be completely removed. If you have a PayPal account, you can quickly, safely, and securely buy ETH using the popular P2P instant-pay platform.
That said, at launch, there is a caveat: PayPal is not allowing outgoing transfers of any Ethereum purchased inside the PayPal app. This appears to be a mitigating approach meant to ease the adoption of PayPal crypto services, and we expect the restriction to be lifted in the near future.
Once that happens, there is still a chance that PayPal will restrict the transfer of Ethereum to legal online gambling outlets, though this is unlikely. However, should the brand make such a move, that doesn’t really matter, as it will be trivial to simply send your Ethereum from PayPal to an online crypto exchange (Coinbase, Bittrex, etc.) or to an ETH wallet, from which you can then make direct deposits at your online casino, sportsbook, or poker room of choice.
Ethereum is a public blockchain network, much like Bitcoin. However, there are some differences (explained more in detail below). Within the Ethereum blockchain exists a tradeable currency known as Ether, or ETH. This currency is decentralized and independent, meaning it is not regulated by any bank or third-party institution. Ethereum's blockchain hosts various smart contracts that can be used to develop decentralized applications and functions.
Ethereum gambling works just like any other type of online gambling. Bettors create an account and deposit Ether. Once they have an active ETH account balance, they can play various online casino games, poker and place bets on sports at licensed offshore destinations that accept cryptocurrency deposits. When gamblers are ready to make a withdrawal, they can request one through the site’s banking suite.
After acquiring Ethereum, you’ll want to store it in a digital or hardware wallet. Digital wallets are online services where you can store digital currencies. These come with unique private wallet addresses that are entered in when attempting to send or receive Ether. Since each transaction ID is unique, you can rest assured your transactions are safeguarded. Hardware wallets are the most secure option and require you to store your Ethereum on an external hard drive or USB drive. The only risk with this is if you lose your hardware wallet, you lose all your Ethereum.
So, after you have purchased Ethereum and have it stored in a wallet, you can safely make transactions with licensed Ethereum gambling sites. Simply navigate to the Cashier page, select the Ethereum option, enter in how much you wish to deposit or withdraw and then enter the digital wallet address prompt. Once the information has been confirmed, your transaction will process. Most transactions are processed instantly.
Update: As of late 2020, PayPal now also supports Ethereum, allowing users to buy the cryptocurrency right within the PayPal app itself. While you can store your ETH in your PayPal account, you cannot send it to any external recipients at launch. Once you're able to do that, however, we still recommend moving it off of the PayPal platform and to an ETH wallet or online exchange if you intend to make legal online gambling deposits with the crypto coin.
You can also see our other altcoin guides that detail how to fund an account with Dash, Bitcoin, or Litecoin.
Bitcoin was developed for one purpose—peer-to-peer digital currency exchange. While this service exists on the Ethereum blockchain, there are a lot more capabilities with Ethereum than Bitcoin. One key difference comes down to scaling. Bitcoin block sizes are limited in size—a problem developers have worked to address—meaning that only so many transactions can be processed at a time. Ethereum does not have this same problem. With the capability to process more transactions, there will be much less of a delay with Ethereum transactions versus Bitcoin.
Perhaps the most significant difference is the use of smart contracts, which are blocks of computer code used to carry out a function. In this case, a smart contract would facilitate the exchange of money between the user and gambling site. Only certain online casinos operate on the Ethereum blockchain. In these cases, smart contracts would be developed between parties. At most Ethereum gambling sites, a digital wallet is used.
There are several advantages in using Ethereum to fund your online gambling. Transactions are processed much faster because there is no additional verification required from regulatory financial agencies. Ethereum users also do not have to lose any of their winnings to transaction fees. Since Ethereum is decentralized, there are no third party groups that can claim a percentage of your transactions.
Another advantage is that most online gambling sites offer cryptocurrency-exclusive bonuses for bettors. Bonuses help extend your online gambling bankroll free of charge and are a special feature of offshore sites. These crypto-exclusive promotions show how online gambling sites are beginning to embrace digital currencies more and more.
An advantage to look out for in the future is the smart contract capabilities. Eventually, online gambling sites will exist solely on the Ethereum blockchain. These types of sites could have special features unique to Ethereum users, similar to Bitcoin’s Provably Fair technology. As the digital currency market expands, and Ethereum continues to rise in popularity and applicability, more applications will be developed that could reshape the online gambling landscape.
Yes. Ethereum gambling is safe. Digital wallets utilize unique transaction IDs that change with each use. This prevents hackers from gaining access to your information. Also, online gambling sites employ their own security protocols that safeguard your personal information.
Cryptocurrency transactions are different because no financial information is stored with the gambling site. You simply enter in the amount of ETH you wish to deposit/withdraw, the Ethereum wallet address of your legal betting site (i.e. the recipient), and you’re done.
You can do this in several ways. The most popular is to buy Ethereum directly from a digital currency vendor. Coinbase is one of the most well-known alternative currency vendors on the market, though others like Kraken and Bittrex are popular, too. Another way is to purchase Ether from a private seller. You could also mine ETH by developing apps on the blockchain, but this a more technical route. Most online gamblers simply utilize merchant providers.
As of 2020, the newest and fastest option is to use PayPal to buy Ethereum, as PayPal has finally integrated crypto acquisition into its platform. To buy Ethereum with PayPal, just log into your PayPal app, select the cryptocurrency from the appropriate marketplace tab, and turn your USD into ETH. From there, once launch restrictions are lifted, you will be able to move your Ethereum to online exchanges or into your ETH wallet. Then, simply select the Ethereum deposit option at your betting site of choice and send your digital currency to the ETH address provided.
Finally, yes, you can!
It may have taken years, but in late 2020, PayPal announced that it is now supporting a host of cryptocurrency purchasing options on its platform, including Ethereum. With PayPal Ethereum support, it's now easier than ever for prospective online bettors and gamblers to purchase ETH, as they can do so directly and simply within their existing PayPal apps. That said, you will not be able to send Ethereum from your PayPal app for the time being.
It is unclear when PayPal will allow customers to directly send ETH payments to online casinos operating legally overseas, though we expect this will be a possibility. If not, once external transactions are allowed in any capacity, you can still do this simply by first transferring your ETH out of your PayPal account to an Ethereum wallet or another online exchange (i.e. Coinbase, Bittrex, etc.), and sending it from there to your legal betting site of choice.
If you wish to gamble with Ethereum, please wait until PayPal removes its sending restrictions before purchasing ETH via the service. In the meantime, you can buy Ethereum as usual on the various online crypto exchanges.
A lot of different cryptocurrencies have come out after bitcoin exploded in popularity. While many of them have little to offer that bitcoin can’t provide, Ether is different in that it actually has a lot of new features and a completely different way of generating currency in the first place. It’s been designed from the ground up to be easier for businesses to use as well, and it’s quickly becoming the second most popular cryptocurrency out there with good chances to overtake bitcoin in the long run. Along these lines, it’s also starting to become a well-respected method for deposits and withdrawals at Ethereum sports betting sites.
Best Online Sports Betting Sites That Accept Ethereum
Both BetOnline.ag and SportsBetting.ag also accept ETH and welcome players from all around the world, including the United States. They are the 2 sportsbooks we recommend to US players. They are two of the most trusted and reputable brands in the business, with over 20 years experience in the industry and we can recommend them without hesitation.
3 Best Sportsbooks That Accept Ethereum
| Site Name | Bonus | Rating | USA | Visit Site |
|---|---|---|---|---|
| 50% Max $1,000 | ||||
| 75% Max $1,000 |
Ethereum Sports Betting
Other Options To Play With The Biggest And Most Trusted Sportsbooks In The World By Converting Your Ethereum To Another Cryptocurrency Such As Bitcoin
Update: We now have several genuine options for players looking to deposit using ETH. Those options are listed above. However, we wanted to show players how they can easily play with the biggest and most trusted sites in the industry by using a simple workaround that is safe and secure.
What we are talking about is a very easy way to convert your ethereum into any other cryptocurrency using one of 2 popular and trusted services. This opens up your options to all kinds of reputable sites that accept Bitcoin and other popular currencies. The conversion service includes Shapeshift.io and Changelly.com. The process takes anywhere from 5 minutes up to 30 minutes and can be done easily without any registration. I’ve personally exchanged thousands of dollars worth of cryptocurrencies using both of these sites. So I assure you they are reputable.
Cryptocurrencies are becoming widely used in the sports betting arena. The industry leaders are getting on board with this concept and more of the premium destinations have begun accepting multiple digital currencies, including ethereum. However, if the sportsbook destination of choice for you does not accept a specific cryptocurrency, then the process above will allow you the flexibility to move your funds between multiple options. Bovada is a highly reputable sportsbook for USA bettors, and while they don’t yet process transactions using Ethereum, they do accept Bitcoin, so the process mentioned above would allow you to place bets at Bovada using your Ether.
| Site Name | Bonus | Rating | USA | Visit Site |
|---|---|---|---|---|
| 50% Max $250 |
How Do Ether Deposits And Withdrawals At Online Sportsbooks Work?
There is a little bit of a learning curve that players will have to work with when it comes to using Ether as a banking method at online sports betting sites, but that’s the case with any type of deposit or withdrawal method, including credit cards and e-wallets. The basic idea is that you’ll purchase this cryptocurrency at an online exchange, where it will reside in an online wallet much like existing electronic wallets. From there, you can make transactions like normal purchases to and from your wallet, which is very intuitive for players who have used other electronic wallets in the past. Then it’s just a matter of finding a reputable Ethereum gambling site that you want to play at.
How Do Players Deal With Ether’s Volatility?
Because Ether is still a fairly new cryptocurrency, it’s seeing some volatility from time to time. In short, the value of the currency has seen some serious swings up and down, which is a normal part of the process of a cryptocurrency establishing its value in the overall marketplace as it becomes used more often. Some players are concerned that the value of the Ether they hold could be adversely affected if they hold it for too long.
To protect players from these types of swings, many online sports betting sites allow players to immediately convert their Ether into another currency like US dollars upon their deposit. Then, when players are ready to cash out, the cryptocurrency can be converted directly back to Ether at the going exchange rate. This allows your account balance to be held in a currency that is not subject to these big swings while still allowing you to use Ether for deposits and withdrawals without the actual value of your transaction changing based on any fluctuation in the value of the cryptocurrency itself.
Which Sports Can Players Wager On With Ether?
Since Ether is just being used as a deposit method to otherwise normal online sportsbooks, the simple fact of the matter is that you can bet on whatever you want once your deposit is posted. Any of the sports or contests that an Internet sportsbook has to offer can be wagered on with this deposit method normally, and there are no restrictions at any reputable online sports betting site as far as which markets you can bet on based on your banking method. Any site that would institute some type of restriction like this would be seen as somewhat shady, and people would wonder what it was they were up to with these types of policies.
Why Is Ether Sports Betting Gaining Popularity In The USA?
Gambling is extremely popular in the United States, but there aren’t opportunities for regulated sports betting in the majority of the country. As a result, many people turn to playing online. However, it’s not always as simple as navigating to an online sportsbook, signing up for an account and putting in a deposit via traditional methods because of a complicated and often misunderstood legal situation.
In 2006, the US passed a law called the Unlawful Internet Gambling Enforcement Act. One of the main effects of the law was to ban deposits for illegal online gambling. However, it did not make any type online gambling illegal. Instead, it just banned banks from processing deposits that would be used for Internet gambling that was already illegal (or that was made illegal in the future). Because the banks didn’t want to spend the resources to determine what gambling was legal and illegal, and because of the huge fines they would face even if they made a small mistake in this determination, they made a logical decision (from their point of view) and simply stopped processing deposits for all online gambling.
To this end, alternative methods like Ether have gained a tremendous amount of popularity in the United States since they allow players to get in on the action without having to deal with the complicated mess that the UIGEA left behind for the banking industry.
Are Ether Online Sports Betting Sites Safe And Secure?
There are two separate issues that players have to examine when it comes to determining if any online sportsbook, including those that offer Ether as a banking option, is safe and secure. The first is the fairness of the games. All of the sports betting sites that we recommend here have reputations for giving players fair lines without changing the terms or refusing to pay winning bets. They also avoid confusing terms and conditions that could trick their players. Instead, they offer a straightforward experience where you bet on what you want to bet on, win when a win is clear and lose when a loss is clear.
The second issue of consideration is what type of security they offer for their accounts. We would never recommend a site that did not use high-level SSL encryption for your wagers, personal information and financial details, which is the same type of encryption used for major financial institutions and banks. It’s the industry standard for protecting you from hackers and identity thieves. Along these lines, the Ether sportsbooks we recommend also have security teams and other automatic protocol in place that help to make sure that unauthorized log-ins to your account from other parts of the world are not allowed. This prevents virtually situations of your account being compromised due to shady activity on the Internet.
Ethereum Sports Betting Games
Summary Of Online ETH Sportsbooks
Ethereum Sports Betting Sites
The bottom line is that Ether is a relatively new technology, but it’s got a lot of potential in the online sportsbook world. A number of experts are predicting that it will eventually overtake bitcoin as the top cryptocurrency in the online gambling space, and virtually all industry figures agree that it has the potential to become a major banking option. Overall, the Ether online sports betting sites that we recommend give players lots of options on making sure they’re taken care of and that their experience is a good one. We also recommend some of the best online casinos that accept Ether as well if you prefer to play casino games for real money.
Ethereum Sports Betting Picks
Which Sports Can Players Wager On With Ether?
Bettors can wager on a variety of sports platforms hosted and run off the Ethereum network as most sites accept Ether deposits in order to wager. Having access to all of these cryptocurrency betting options come in handy as these sports seasons gear up.
Available Ethereum Sports Betting Options