When it comes to sports betting in crypto currencies, Many gamblers think of bitcoin as the only way to transact. However, there are other digital currencies such as Ethereum that are just as reliable for online betting. Considered the second largest crypto after BTC, Ethereum has the particularity of operating on its own token: the ether. Its advantages are multiple and it would be interesting to know how players can use it for betting.
The first step to betting on a sport with Ethereum is to identify an online betting platform that accepts it into its financial system. Admittedly, this is a tricky exercise, as search engines present a slew of bookmakers. You must then be vigilant in your choice because the majority represent a network of scammers or Ponzi schemes. If you want to avoid unpleasantness, consider checking if your site meets certain criteria.
| Rank | Specificity | Discover |
|---|---|---|
| 1 | Operator specialized in crypto, has a Curaçao license and does not require identity verification. Wide range of sports + live + app + eSport. 100% bonus up to 100 USDT. | Go |
| 2 | Very complete and secure sports betting and casino site that accepts major crypto currencies. 100% bonus up to €100. | Go |
| 3 | Operator known for its very good odds on niche sports. Accepts all players but requires KYC. Accepts crypto. 100€ bonus but difficult to unlock. | Go |
Despite the fact that crypto assets don't possess legal recognition yet, this doesn't have to be the case for the bookmaker that offers you its offerings. Indeed, it must have licenses or other regulations granted by the gambling control authorities. This criterion is essential in order not to encounter any worries when withdrawing your winnings.
It is possible to come across a bookmaker that meets your requirements but is unable to operate in your country. This is usually due to certain monetary policies adopted by the states. It is therefore recommended to read the terms and conditions of the site carefully. This is the only way to find out whether or not your country is included in the geographical area where the bookmaker is prohibited.
Once you have identified the right bookmaker and met the requirements, you can freely create an account as an active member. Then go to your user area to access the window for depositing funds. At this point, the procedure is slightly the opposite of the classic one. You will have to make a payment request in Ethereum and wait for a validation from the site.
To do this, first choose ether as the payment method as well as the amount you want to deposit. The site will then register the request and send you the address of its Ethereum wallet to which the transfer should be made. Enter the said address and, in turn, log into your wallet to finalize the transfer.
In this kind of situation, it is obvious that you need to have the tokens. If not, it is possible to buy Ethereum on exchange sites.
Ethereum transaction can take minutes or a few hours at the limit. In reality, it's all going to depend on how smoothly the blocks are mined on the blockchain. As soon as the Ethereum reaches the wallet address of your bookmaker, your account is automatically credited. Keep in mind that the funds will not appear in the form of Ethereum. Instead, they will be converted into USD or the amount that equals the currency you choose.
Now you can explore the bookmaker's site in search of your favorite competitions. Whether it's soccer, basketball or even tennis, don't hesitate to grab the betting opportunities. You should also look for the best coupons before confirming your bet.
