The popularity of betting with cryptocurrencies and also betting with Ethereum is on a steep upward trajectory across the industry.
Many betting sites are already accepting cryptocurrencies for deposit, and the benefits of doing so are advantageous for both the betting sites and the users.
Ethereum is similar to other cryptocurrencies such as Bitcoin, Bitcoin cash, Litecoin and Dash, but also has its own proprietary traits.
Live since 2015, Ethereum also functions on open-source, public, block-chain technology, and like all the other cryptos, it is perfectly legal, including for use on betting sites. Ethereum has actually split into two separate blockchains since its 2015 introduction, with the new version becoming Ethereum (ETH) and the original version being referred to as Ethereum Classic, or ETC. ETH is much a much more popular version than the classic ETC, especially when it comes to betting sites and more specifically, betting with Ethereum.
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Best Ethereum Betting Sites
Ethereum is not as widely accepted among online betting sites as, say, Bitcoin, but there are still many ways to bet with Ethereum online.
Again, the rising popularity of betting with Ethereum should continue to push the envelope when it comes to the acceptance of Ethereum in the sports betting community.
There are advantages for the betting sites themselves in accepting cryptos and Ethereum for deposits that some pass right on to the depositor in the form of fees, or lack thereof. Some sites have advantages to betting with Ethereum that others do not offer, so the prudent move would be to visit all of the recommended sites and do some research before depositing to see which one works best for you.
In terms of the sites we suggest using when it comes to betting with Ethereum specifically, we would suggest the betting sites that offer a wide-range of betting opportunities such as live betting, prop betting and football specific bonuses if you are going to be betting on NFL football. Most betting sites that accept cryptocurrencies for deposit boast processing speeds that dwarf those of traditional processing methods, but not all of them provide football-specific bonuses that can be advantageous to the NFL-betting user.
Of course, we also want to do our research and identify the sites with the most competitive odds. Most of the betting sites that accept cryptos are competitive with their odds, but seasoned bettors know how to identify the sites that provide the best return on your bets, and you should know too.
At the end of the day, check out all the features of the recommended sites and select the one that you feel most comfortable with!
Pros and Cons
Why Bet With Ethereum?
The pros and cons of betting with Ethereum are listed above, but let’s answer the straight-up question: Why bet with Ethereum?
Cost & Speeds
This is the main reason why I would want to bet with Ethereum, and other cryptos. The lack of fees and timely processing speeds are simply dominant when compared to tradition payout and cashier methods. If either of these two factors are a current source of frustration when betting with traditional dollars or other currencies, betting with Ethereum, or other cryptocurrencies could solve your woes.
The information that is traditionally provided to the betting sites when depositing provides some security risk and is certainly not an anonymous process. When betting with Ethereum, the anonymity factor is increased due to the blockchain nature of the cryptocurrency. This isn’t to say that Ethereum is 100% safe, but it is certainly superior to traditional deposit methods in this department and is another major step forward in the online sports betting industry.