Ethereum has played a huge role in revolutionizing the world of CS betting. Over the years, many Ethereum betting sites have popped up on the internet to take advantage of the benefits this crypto provides. If you want to step into Ethereum betting, this article will get you up to speed quickly.
What is Ethereum Betting?
Ethereum betting is not that different from traditional betting. The only difference is that when you place your wagers on sports, casino games, or other forms of gambling, you use the Ethereum (ETH) cryptocurrency instead of fiat currencies like the Dollar or Euro. The use of Ethereum in online betting has gained a lot of popularity over the years mainly due to the advantages it offers, such as lower fees when depositing or withdrawing money, faster transaction speeds, and your personal information is much safer.
How to Bet on Ethereum Betting Sites
Betting on ETH sites is not much different from traditional casinos. Here’s a step-by-step overview of how to bet on ETH betting sites:
- The first step of betting with ETH is to create an Ethereum wallet and get ETH tokens, which can be purchased through crypto exchanges like Coinbase, Binance, or Kraken.
- Once the wallet is set up, you must join a betting platform that supports Ethereum as a currency for deposits and withdrawals. Once you select a site, you must sign up and create an account.
- Next, you need to deposit ETH into your account by joining the deposit section of the betting site. This typically involves sending Ethereum from their wallet to the betting site’s unique Ethereum deposit address.
- With the funds in your account, you can use them to place your bets on any casino game or sport you want.
- When a bet is successful, the winnings are credited in Ethereum, and you withdraw them back to your personal Ethereum wallet.
Ethereum Betting Sites
Due to the popularity of Ethereum among online casinos, you will easily find plenty of betting sites that support ETH. However, the key to having a good time is finding a good betting site you can trust.
Here are some of the best Ethereum betting sites you can play on.
Stake.com
Bonus Code: hella200
Reward: Use the promo code to get a 200% welcome/deposit bonus of up to $3000.
Overview: Stake.com has long been an industry leader in the virtual betting and gambling scene. It has become widely recognized not just for its games but also for its crypto-friendly services, which allow deposits in over 20 cryptocurrencies, including Ethereum.
Pros:
- The platform has over 2000 casino games.
- Deposits and withdrawals in Ethereum are nearly instantaneous
- Highly popular and recognizable platform.
Cons:
- The platform is restricted in many countries
BC.Game
Bonus Code: hella
Reward: Use the code to get $20,000
Overview: While the BC. Game was established in 2018, it has definitely risen the ranks. The platform offers more than 5,000 casino games and an expanding sportsbook that covers not only high-profile professional sporting events but also Esport games as well.
Pros:
- Supports over 30 coins, including ETH
- You can enjoy daily bonuses, lucky spins, and special promotions
- Has no minimum deposit limits
Cons:
- Customer support is only available in English
Duelbits
Bonus Code: infotoplist
Reward: Use this promo code to unlock Ace’s reward and nearly 50% rakeback.
Overview: Duelbits supports numerous cryptocurrencies, including Ethereum, and offers various games. The Curacao Gaming Control Board licenses it, and it is widely known for its user-friendly design.
Pros:
- Offers daily bonuses, tournaments, and an excellent VIP program with takebacks of up to 12.5%
- Duelbits features over 4,000 casino games, including its own unique “Duelbits Originals” games such as Dice, Plinko, and Crash
Cons:
- No fiat currency withdrawal options
Roobet
Bonus Code: HELLAGO
Reward: Use the promo code to instantly unlock RooWards Access and get up to a $200 bonus and 20% cashback for seven days.
Overview: Roobet is a crypto-only casino that has established itself as one of the best ETH betting sites. The platform ensures that users enjoy a fast and smooth experience.
Pros:
- Roobet features over 1,000 casino games
- Deposits and withdrawals are quick and without any transaction fees
- Optimized for use on mobile phones
Cons:
- Can’t access it from the US or the UK
Gamdom
Bonus Code: top100list
Reward: Use the promo code to claim 15% instant rakeback for the first seven days after signing up and get 60% rakeback
Overview: Gamdom is a top ETH betting platform that provides both esports and sports betting options as it covers everything from popular events like football to niche sports like handball and darts and even esports.
Pros:
- The platform offers over 5,000 games from top developers.
- Supports a wide range of cryptocurrencies and even allows deposits through CS2 or Dota skins
Cons:
- Lacks live chat support
Choosing the Ideal Ethereum Betting Platform
Since there are many Ethereum betting sites, it has become all the more important to identify which platform is worth joining.
This guide’ll guide you on choosing the best platform for your ETH betting journey.
- License: Make sure a reputable gaming authority, such as the Curacao eGaming licenses the platform. This will ensure the platform has strong encryption protocols to protect your personal information.
- Variety of Games: Make sure to choose a platform that offers a wide variety of games and provides coverage to many live games on which you can bet.
- Fast and Low-Fee Transactions: Ensure the ETH betting site you want to join offers quick deposit and withdrawal times and does not charge transaction fees.
- Customer Support: Customer support is a very important factor. Check if the platform has responsive customer support to help you with any problems.
- Bonuses and Promotions: Choose a site that offers plenty of promotions and benefits, as they can greatly improve your betting experience.
Getting Started with Your First Ethereum Purchase
If you are new to ETH betting and are wondering how to purchase your first ETH coin, don’t worry as this guide will clear all your confusion.
- First, you must register with a cryptocurrency exchange that supports Ethereum, such as Binance, Coinbase, and Kraken.
- After selecting an exchange, you’ll need to create an account and go through a verification process.
- Once verified, you must fund your account using fiat money (USD, EUR, etc.) or another cryptocurrency.
- Use the fund to purchase ETH.
- You can transfer your ETH to a secure wallet for safekeeping.
FAQ
Why Do People Prefer Betting with Ethereum?
One of the main reasons people prefer to use ETH when betting is that the transaction speed is incredibly fast with minimal delays. It also has lower transaction fees than other payment methods.
What’s the popular Ethereum betting site?
While there are plenty of Ethereum betting sites out there, here are the best among them:
- Stake.com
- BC.Game
- Duelbits
- Roobet
- Gamdom
Is betting with Ethereum safe?
Betting with Ethereum is absolutely safe as it is a trusted cryptocurrency. That said, you need to be careful with the betting site you choose to place your bets on, as there are plenty of scam platforms out there.