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Ethereum as a deposit method for sportsbooks can be a very convenient form of getting money into your sports betting account. Ethereum is a form of cryptocurrency much like the widely popular Bitcoin. While almost all sports betting sites accept cryptocurrency as a payment method, you’ll be hard-pressed to find as many that accept Ethereum as they do Bitcoin. Ethereum has less than five years under its belt for being used as a form of cryptocurrency which is why it can be difficult to find a sportsbook that accepts it. While it’s a hard task, it is not impossible. Ethereum is growing in popularity and sports betting sites have taken notice.
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This page will list a few of the most reputable internet sportsbooks that accept Ethereum. These sports betting websites will have short reviews for bettors to make informed decisions on whether or not to join them. This page will also go over what Ethereum is and a few details about the up and coming cryptocurrency. In terms of what they have to offer, they mirror that of the grandfather of all cryptocurrency, Bitcoin. But with sports wagering websites slowly adding cryptocurrency as a form of depositing, coins like Ethereum are becoming more valuable.
Betting On The NBA With Ethereum
The NBA is back, which means betting on the NBA with Ethereum is too. The NBA is set to return around christmas time, and sports bettors across the world are gearing up for it. One of the best ways to get more involved in the NBA is to start wagering money on it, and one of the best ways to wager money on NBA games is by using Ethereum at an online sportsbook that accepts it. Basically, the only thing you need to do is acquire an Ethereum wallet, put some Ethereum in it, and find a sportsbook that accepts it, and you should be well on your way to using one of the best cryptocurrencies around to bet on the NBA’s 2021 season. You can bet on anything from where the biggest names will go in free agency to what team will win the championship in 2021. Make sure to check out your favorite Ethereum sportsbook for NBA betting!
Benefits Of Using Ethereum To Deposit
Always Accepted At Sportsbooks That Offer It – Ethereum users will never run into an issue where it is not accepted by a sportsbook that lists it as a payment method. Expect no payment declined hurdles when using Ethereum.
Instant Deposits – Once you’ve input the amount of money you wish to deposit into your sports betting account, the transaction is instant. You will be able to begin wagering almost immediately. This is one of the perks of using Ethereum.
Bettor’s Dream – The highest maximums for deposits and withdrawals with the quickest processing times. Depositing in an online sportsbook with Ethereum is free of fees and the overall security is unmatched.
Sportsbook Security - Keeping Your Ethereum Account Safe
One of the greatest things about using cryptocurrency like Ethereum is the sheer amount of security that comes with it. No personal financial information has to be given to sportsbooks when using Ethereum. Using a cryptocurrency wallet as you would with Bitcoin, you can transfer funds with the number that’s given to you upon signup for the service. The key thing to keep in mind is that you should make sure you remember the wallet address, or write it down. If you lose the address, you no longer have access to your money - it’s similar to a real wallet. Ethereum itself is a highly secure form of a deposit to use with your sportsbook account. You can also change your wallet address after any transaction, giving sports bettors the ultimate assurance.
Drawbacks Of Using Ethereum
Not The Most Popular Cryptocurrency Out There – In a sea of alternative cryptocurrencies, Ethereum comes second to Bitcoin in terms of market capitalization. It is harder to find sportsbooks that accept Ethereum, while most if not all of the online sportsbooks accept Bitcoin as their cryptocurrency of choice. This could prove to be irritating if Ethereum is your cryptocurrency of choice when looking for a sports betting site, so make sure that the sports betting site you are using accepts Ethereum before purchasing them.
All Cryptocurrencies Come With Volatility – How much any cryptocurrency is worth? Ethereum changes with the market and that’s something that is not at all attractive for people that want their dollar to remain a dollar. Processing times can impact how much money you are depositing and withdrawing by a little.
Ethereum vs. Bitcoin
Ethereum and Bitcoin are both forms of cryptocurrency that are used by sports betting websites. They are highly similar when compared to one another as they both offer customers high security and anonymity when making transactions. Also, they both are free to use and allow for the highest maximums for both deposits and withdrawals with the quickest processing times. As for how Bitcoin would win in the faceoff, it is due to the variety of sites that only focus on Bitcoin rather than additional cryptocurrencies like Ethereum.
Bitcoin is known all over while Ethereum is just starting out. People would rather go with a cryptocurrency that is accepted everywhere and has made a name for itself. Ethereum can do that in the future and compete on a balanced playing field with Bitcoin but for now, Bitcoin reigns supreme. Cryptocurrencies themselves have price volatility which is something customers could see as a pitfall. Its value is constantly changing and that’s a scary thought for people looking for a stable form of currency.
What Do I Do If My Ethereum Deposit Is Declined?
Another great reason to use cryptocurrency like Ethereum is the lack of hassle when it comes to deposits being declined. Since it is all done with the use of technology, there is no worry of an institution like a bank or credit card company declining the transaction. This is why many users of cryptocurrency like Ethereum and Bitcoin choose to use them in the first place. Having to go through the problems of being declined when the money is there is an annoyance that is easily avoidable through the use of Ethereum or other cryptocurrencies accepted by sportsbooks.
Ethereum Live Market Rate
Best Sportsbooks That Welcome Ethereum Deposits
Two of the best sports betting sites that accept Ethereum as a form of currency are utilized by the staff here. If you’re an Ethereum user or plan to be, these are the internet sportsbooks for you. Not only are they trusted when it comes to accepting crypto, but they also have user-friendly sports betting platforms that can be accessed from anywhere.
BetOnline Sportsbook - Cryptocurrency Bonuses!
BetOnline Sportsbook is a sports betting site that accepts Ethereum as a method of payment. Their minimum deposit is $20 and their maximum is set at $100,000. Using Ethereum with BetOnline gives the bettors the lowest fees of any other method and comes with the highest security and the fastest processing times. BetOnline has every sporting event imaginable to wager on so finding something of interest is not a problem.
Their site is easy to navigate and they have a mobile betting platform that allows users to place bets wherever they go. Promotions are in line with some of the best in the business. Ethereum users receive a 100% match bonus on their first deposit up to $1000. That’s $1000 of free plays to wager with! The promo code to redeem this offer is CRYPTO1000. After that, there is a 35% match bonus up to $1000 each time you make a deposit using Ethereum with the promo code CRYPTO35.
SportsBetting.ag Sportsbook - Bonuses On Bonuses!
SportsBetting Sportsbook is a terrific sports betting site that accepts Ethereum. They have been in business for years and have everything a sports bettor could want. There is no shortage of wagers on SportsBetting. Members have access to their mobile sports betting application making the betting on competition more convenient than ever. The minimum deposit for Ethereum users is $20 while the maximum is set at $100,000.
Users will see if there are any fees with these transactions but they are lower than all other methods if there are any at all. Promotion bonuses for Ethereum customers are top-notch. The first deposit made with Ethereum will be matched by 100% up to $1000 with the promo code 100CRYPTO. This gives members $1000 extra to bet on whatever they’d like on the sportsbook. After that, there is a 35% match of up to $1000 for each deposit made using Ethereum. The promo code for the reload bonus is 35CRYPTO.
More About Ethereum Sportsbook Deposits
This page has discussed the different elements of using Ethereum for sportsbook deposits. Below, we will delve a bit deeper into the more detailed parts of using Ethereum to fund your sports betting account. While Bitcoin is the most popular and widely known form of cryptocurrency, Ethereum is slowly climbing the ranks and is said to offer and even better experience than what the Bitcoin community sees.
Ethereum Sportsbook Deposit Fees
Ethereum sportsbook deposits are without fees at most sportsbooks. They are typically completely free for the sports bettor! This is just one of the perks of using cryptocurrency. It does not matter how many transactions you make; you will never be charged a fee. Ethereum is one of the fastest payment methods, is free of charge, and offers the highest security. What’s not to love about this cryptocurrency?
Ethereum Sportsbook Withdrawals
Using a cryptocurrency method to fund your account means that you should most certainly be using the same method to make a withdrawal. Ethereum sportsbook withdrawals are easy enough. Simply visit the cashier’s page of your sportsbook and input the information such as the account number for your Ethereum wallet as well as the amount of money you wish to take out. There are no fees to make withdrawals using the Ethereum service. The money will be in your wallet within 48 hours of your request. Ethereum offers the highest maximum payouts across a variety of sports betting websites. Be sure to check your sportsbook to see where the maximum is set.
Note: When wanting to make a withdrawal with Ethereum, you must have made your deposits with them. Deposits and withdrawals are typically done by the same entity if the sportsbook uses them for both deposits and withdrawals. Ethereum deposits would equate to Ethereum withdrawals.
Transaction Time For Ethereum Sportsbook Transfers
If your US online sportsbook accepts Ethereum, transferring deposits into your account is instant. There are no fees to transfer money into your sportsbook account either. The method of cryptocurrency is highly effective and fast. Even when a sports bettor is looking for a payout, it is also free or has the lowest fee of any other option and takes as little as 24 hours to make a withdrawal and as long as 48 hours. These processing times are still a lot faster than any other method available by sports wagering sites.
Sportsbook Security - Keeping Your Ethereum Account Safe
One of the greatest things about using cryptocurrency like Ethereum is the sheer amount of security that comes with it. No personal financial information has to be given to sportsbooks when using Ethereum. Using a cryptocurrency wallet as you would with Bitcoin, you can transfer funds with the number that’s given to you upon signup for the service. There are no vital pieces of information that could be hacked or stolen because the user does not have to input any. Ethereum is a highly secure form of a deposit to use with your sportsbook account. You can also change your wallet address after any transaction, giving sports bettors the ultimate assurance.
Ethereum Deposit Bonuses With Sportsbooks
Ethereum News Live
When you deposit into online sportsbooks with Ethereum, you will able to receive numerous bonuses by the book. Every sports betting site accepts some form of cryptocurrency and with that comes bonus money for sports bettors. For sports betting sites that accept Ethereum, common bonuses include a welcome bonus and a bonus with each deposit made to your sportsbook account thereafter. Most of the time, the bonus for depositing into a sports betting account with Ethereum comes doubled than if you were to use a credit card or other payment.