Ethereum Betting Sites | Bookmakers that Accept Ethereum

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The Best Sports Betting Sites Accepting Ethereum

Betpack.com is the best place to be if you want to find the best Ethereum betting sites. Here, finding the best Ethereum gambling sites is easier than ever because our experts have already listed the best sports betting sites accepting Ethereum.

You'll see our top-rated Ether betting sites here, and you are welcome to join the ones you like for the best online betting experience with the increasingly popular cryptocurrency. Besides betting with Ethereum, a lot of great things await. For example, you'll benefit from sportsbook welcome bonus offers, free bets and lucrative odds on some of the best markets in the online sports betting industry.

Ethereum: How Does it Work?

If you are new to Ethereum, you might want to know what it's all about before using it for online gambling. Most people know Ethereum as the second most popular cryptocurrency after Bitcoin, which is not further from the truth. But many people don't seem to know that Ethereum is an open-source computing platform used to create a cryptocurrency or digital token known as Ether. Like Bitcoin, Ether is a digital currency built on a decentralised network that utilises blockchain technology. Blockchain is a public ledger or record that stores all encrypted transactions within the network.

Ethereum went started by Vitalik Buterin and other co-founders in 2015. The cryptocurrency has since split into two blockchains. The original version is Ethereum Classic (ETC), while the new and most popular version is Ethereum (ETH). There's a good chance that you'll be using the newer version at Ethereum betting sites.

Obtaining Ethereum for Online Sports Betting

Before you start betting with Ethereum, you need to have the cryptocurrency ready for betting. So how do you do that? Well, you need to find a cryptocurrency exchange service and create an account. Cryptocurrency exchanges will allow you to convert fiat currencies to Ether from e-wallet, wire transfer and debit card deposits.

You then need to get yourself an ETH wallet to store your Ether. Your options include online, desktop, mobile and offline wallets. Cryptocurrency wallets allow you to store the private keys needed to keep your Ether funds safely.

Advantages & Disadvantages of Ethereum Betting Sites

The advantages of Ethereum gambling are many and similar to the benefits of gambling with other cryptocurrencies that are available today. However, there are also some notable drawbacks if you choose to place a sports bet using ETH. As a gambler, you should know both sides of the coin to determine if crypto gambling with Ethereum is the way to go. Since the advantages are more than the drawbacks, there are many reasons to place bets with Ether. You can take a look at the full pros&cons table below and make your mind.

Enjoy Fast, Safe and Transparent Transactions at Ethereum Sportsbooks

You might ask, why should I join online sportsbooks or casino gaming sites that accept Ethereum? Well, the answer is in the benefits of using cryptocurrency. First of all, ETH comes in handy if you are looking for a payment method that offers instant deposits and withdrawals. The main advantage of deposit money instantly is that you can start betting on sports immediately after depositing. However, with some payment options like bank wire transfers, you have to wait for a long time.

Second, all cryptocurrencies are considered to be safer than traditional money. For example, when joining online sportsbooks that use fiat currencies, you have to provide personal and banking details to get verified. But things are different when it comes to Ethereum and other blockchain-based digital currencies because you don't need to expose this information. Also, cryptocurrencies are secured using top-quality encryption technologies alongside public and private keys.

Another noteworthy feature of Ethereum is that the pubic ledger on the blockchain is open to members of the cryptocurrency community. This means that all transactions made using Ether are transparent and can be verified by other users. But it's important to bear in mind that transactions on the Ethereum platform cannot be reversed. Thus, you must always check every detail before you authorise a transaction.

Hybrid Ethereum Sports Betting Sites – Use Cryptocurrencies and Fiat Money

There is no doubt that digital currencies that use the blockchain method have a bright future in the world of gambling. But fiat currency or traditional currencies are still with us and will be around for some time. That brings us to the two types of Ethereum sports betting sites. Firstly, you might come across an online sports betting site that accepts cryptocurrency only. Such sites will let you deposit or withdraw money using Ethereum, Bitcoin, Dogecoin, Litecoin or other cryptocurrencies.

Secondly, you might find an online gambling site that accepts cryptocurrencies as well as fiat currency. Such a gambling site is categorised as a hybrid crypto betting site. You can use ETH, Bitcoin, Doge, credit cards, debit cards, e-wallets and bank transfers on the same site. It's up to you to decide which type of ETH sports betting site you wish to join, but a betting site that supports both traditional and digital currencies is undoubtedly the best.