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Legal Ethereum Sports Betting Deposits

Ethereum Betting
  • The NUMBER-TWO crypto coin in the world!
  • A must for sports bettors and crypto investors
  • Biggest bonuses + Same-day payouts = Money in the bank

Everyone is familiar with – or has at least heard about – Bitcoin (BTC). However, Bitcoin isn’t the only popular cryptocurrency out there, and most of the top legal sports betting sites include several different cryptos in their legal sports bet funding options. One of the most popular is Ethereum (ETH), which has long ranked right behind Bitcoin as the digital asset with the highest market cap and trading volume.

As such, it’s no surprise that legal Ethereum gambling is big business, and nearly all the top international sportsbooks allow their members to make ETH sports betting deposits. When it comes to online betting, it works just like Bitcoin, letting members make rapid deposits with 100% success rates.

When using ETH, online sports bettors are also able to claim the best bonuses and are eligible to receive same-day payouts with no added fees. To learn more about how to bet on sports with Ethereum with our short guide.

Table Of Contents

    Best Ethereum Betting Sites For 2024

    The following sites have each withstood the test of time, establishing themselves in the online sports betting space as the best in the business. Whatever your sport, you can wager on it using ETH with these operators.

    The best betting services include all major US and international leagues, and you can even participate in Ethereum eSports betting and Ethereum live betting on lines that change during the course of play. And because ETH deposits are instantaneous, you’ll never have trouble topping off your account in time to take advantage of that advantageous line!

    Site NameCurrent BonusAgeU.S.Visit Site
    Top Rated #1 IconBovada Sportsbook50% Max $1,00018+USA Players Legally AcceptedVisit Site Review
    2BetUS125% Max $3,12518+USA Players Legally AcceptedVisit Site Review
    3MyBookie Sportsbook50% Max $1,00021+USA Players Legally AcceptedVisit Site Review
    4xbet logo50% Max $50021+USA Players Legally AcceptedVisit Site Review
    5Betonline Sportsbook50% Max $1,00018+USA Players Legally AcceptedVisit Site Review
    6sports betting logo50% Max $1,00018+USA Players Legally AcceptedVisit Site Review

    What Is Ethereum?

    Ethereum is a cryptocurrency that launched in July 2015, and it is different from Bitcoin – the original crypto – in many ways. ETH allows for smart contracts, NFTs, and dapps, making it a very versatile platform.

    Often called Ether, is currently the second most popular cryptocurrency in the world, and nearly all reputable legal betting sites accept ETH deposits. For legal sports betting, The altcoin is slightly faster than Bitcoin in terms of transaction speed, and because it’s so widely used, many players prefer it over BTC sports betting.

    That said, Ethereum gambling is slower than some other crypto platforms regarding online banking at legitimate online sportsbooks. Litecoin betting, Stellar betting and Tether betting have faster transaction times (though only by a few minutes).

    digital ethereum

    Is Ethereum Sports Betting Legal?

    Yes! Each sportsbook listed here offers a robust Ethereum betting platform, and ETH is legal to use for any online transaction in the US and in most countries around the world. Because Ethereum transfers are not beholden to domestic banking regulations like the UIGEA, they have a 100% success rate, can never be interrupted, have a high level of anonymity, and is often used by the fastest paying online sportsbooks in the world.

    Still, it’s important that you know the status of gambling legislation in your specific state. Currently, only Washington betting laws nominally bar all online sports betting, though we’ve never heard of any fines or arrests for participating there. However, we must insist that you follow all local laws and proceed only at your own risk if you live in WA.

    Benefits Of Using Ethereum Betting Sites

    Ether CoinsWhen you gamble online with Ethereum, spread betting, straight betting, totals betting (over/unders), prop betting, and futures betting is available on all the most popular major and niche sports worldwide.

    You can also get live sports betting lines on all daily contests, and many sites even offer other gaming markets like Ethereum casino games and poker tournaments. Still, sports betting is the main thing, and when you join any legitimate betting service, you’ll be able to take advantage of all the following perks:

    • 100% deposit success rate w/ no UIGEA interference
    • Zero deposit fees or withdrawal fees
    • Low deposit minimums
    • Enhanced crypto betting bonuses
    • Same-day payouts in ETH or BTC
    • Quantum-hacking-resistant blockchain technology
    • SSL + TLS encryption standards
    • 1000s of daily sports betting lines
    • NFL betting, NBA betting, MLB betting, NHL betting + more
    • Live in-game sports betting on all contests
    • eSports betting, entertainment odds, and political odds
    • Legal for all US members aged 18+
    • 24/7 customer service via chat, email, phone

    Cryptocurrency Sports Betting Bonuses

    Among the biggest draws for US sports bettors are the huge enhanced cryptocurrency bonuses that most sites offer to members who choose to deposit with alternative payment methods like Ethereum.

    While a standard legal online sportsbook bonus will give players a 50% or 100% deposit match worth around $250 to $1000 in free plays, ETH betting deposits can provide 2-3 times that much extra money for your bankroll. Best of all, the rollover requirements for Ethereum bonuses are the same as for traditional gambling bonuses, so they’re easy to meet for just about everyone.

    You can expect the following kinds of sportsbook promos when funding your online gambling account with the Ethereum cryptocurrency:

    • New Member Sign-Up Bonus
    • Existing Member Account Reload Bonus
    • Refer-A-Friend Bonus
    • Online Sports Betting No-Deposit Bonus*

    *No-deposit bonuses are seasonal, and not all legal online sportsbooks offer them. However, you can sometimes find these before major events or tournaments, such as the Super Bowl, March Madness, and the Olympics. Sportsbook no-deposit bonus codes give new players a “free chip” with which they can make a risk-free wager. No-deposit betting bonuses come with special rollover requirements, so please be sure to read the promo TOS.

    How To Buy Ethereum

    The only downside to using Ethereum for Internet sports gambling at the top online sportsbooks is that it takes a few extra steps to actually purchase the stuff so you can use it to make your betting deposits. Fortunately, it’s a very small downside since the process is simple:

    1. Visit any reputable crypto exchange and make a free account. You will need to link your US bank account or a debit card account.
    2. Keep an eye on the current price and buy it’s trading at a weekly or daily low. Many free price prediction services and financial forecast apps will help you know when to get the most bang for your buck.
    3. Submit a purchase order for ETH. If you’ve used your chosen crypto exchange before, this should be instantaneous, though first-timers may have to wait several days for their orders to be credited.
    4. Once the funds arrive, either move them to a cryptocurrency wallet or keep them in your exchange wallet. We recommend using a non-exchange private software wallet or hardware wallet.

    After that, simply follow any link on this page to a legal sportsbook listed here, create an account using your real, verifiable information (which is encrypted and never shared with or sold to third parties), and select the Ethereum deposit option.

    Then, simply copy the site’s receiving address and enter that into the recipient field inside your wallet or exchange panel (see below). Your site will receive the amount you’ve specified and credit it to your betting account within 30 minutes or so.

    Sports betting isn’t the only way to invest in Ethereum, but it’s easily the most fun way – and potentially the most profitable, too!

    Crypto Mining For Free Ethereum

    ether miningMany crypto newcomers may be curious about how to mine ETH, which is convoluted. While various “Ethereum 2.0” protocols are transitioning the platform to PoS (proof-of-stake) to make this simpler, according to most news sources, that hard fork won’t happen for some time.

    In the meantime, we advise against Ethereum mining, simply because it costs a significant amount of capital to get started. That is time and money better spent researching and wagering on valuable sports betting lines.

    Of course, if you absolutely insist on mining, there are online tutorials for Mac and Windows. When searching for legitimate cryptocurrency mining software providers, please be careful about which sites you trust.

    But we repeat: For bettors, ETH mining is not a sound financial option. It is far better and faster to simply buy ETH at the exchanges listed here and use that for all your sports gambling needs. Plus, given the valuation history, your winnings will certainly appreciate in value, so you’ll actually earn more free coins in the long run just by placing savvy wagers!

    Where To Buy Ethereum

    The easiest and fastest services that allow you to buy cryptocurrency are online exchanges that let you convert USD to Ethereum (or, when cashing out, to USD). The most popular crypto exchanges where US residents can buy ETH are:

    • Coinbase
    • Coinbase Pro
    • Bittrex
    • Kraken

    Since you can’t purchase Ethereum with which to gamble directly from your online betting site of choice, it is recommended that you get a trading account at one or more of the above exchanges. We also suggest moving your coins into a reputable wallet once your purchase order has gone through.

    It can take 5-10 days for first-time crypto buyers to receive their ETH once they make their initial purchases, so sports bettors should take this into consideration. If you want to bet on tonight’s game and haven’t yet bought any ETH for that purpose, you will likely miss out on the action.

    Luckily, there are solutions for that little problem, which you can read about in the next section!

    How To Buy Cryptocurrency Fast

    The above exchange-based Ethereum purchasing process is by far the most common option, but it's not the fastest way to buy ETH. Remember, if it's your first time buying crypto, the commercial exchanges make you wait up to 10 days before you can send your Ether to the online betting sites we recommend (or any other off-platform wallet address).

    Bitcoin buyers have long been able to bypass these exchange waiting periods using the Zelle-To-BTC or Cash App-To-BTC processes, but those only work for Bitcoin. Fortunately, there are two options that allow US bettors to rapidly buy Ethereum online so they can bet in just an hour to two, not a week or two:

    • Atomic Wallet – The Atomic Wallet app is a universal cryptocurrency wallet application for iPhone and Android, and it allows users to safely store over 300 different crypto coins. However, Atomic also has a storefront that lets users buy over 30 different cryptos with their credit cards. With Atomic, you can buy Ethereum in just seconds, and you can send that ETH to your online sportsbook as soon as you receive it. Atomic is also the best way for US online sports gamblers to buy Ripple (XRP), as this popular crypto coin is currently not listed on most commercial exchanges.
    • Coinify Crypto Store – Coinify is an online crypto storefront that's available to US residents in 33 different states. With Coinify, you can buy 20+ of the most popular crypto currency assets, including Ethereum and most of the other coins used by the top sites we recommend. Coinify crypto purchases are carried out via credit and go through in just seconds, but you will need a dedicated crypto wallet to receive the coins you buy through Coinify, as the service is not a crypto exchange and has no wallet functionality.

    Best Ethereum Wallets

    While there is no single best Ethereum wallet, there are several good options across all categories. You simply need to pick the one with the balance that works best for your specific needs.

    For the fastest and easiest trading, ETH web wallets (i.e. ETH exchange wallets) are best. However, ETH software wallets are more secure and nearly as fast and convenient. For those who want more security and don’t mind a few extra steps, we recommend ETH hardware wallets.

    Finally, ETH paper wallets are an option, though these are for long-term ETH investment, not trading. Thus, we do not recommend paper wallets for legal online sports betting with cryptocurrencies of any kind.

    Web Wallets

    • Bittrex
    • Coinbase
    • Coinbase Pro
    • Kraken

    Software Wallets

    • Atomic Wallet
    • Exodus Wallet
    • Guarda Wallet
    • Jaxx Wallet

    Hardware Wallets

    • Ledger Nano S
    • Ledger Nano X
    • Trezor One
    • Trezor Model T

    Paper Wallets

    • MyEtherWallet

    Note: Please never download ETH software wallets from third-party sites or mirrors. Only use the official developer’s page. Similarly, never purchase ETH hardware wallets from third-party retailers or resellers like Amazon or eBay, as these may be compromised. Buy hardware wallets only from their official manufacturer websites.

    Fast Sports Betting Payouts With Ethereum

    You can get same-day payouts when betting with cryptocurrency at the top international sports betting sites for US customers.

    Though you can sometimes get same-day payouts using sports betting vouchers at participating sites (which support legal PayPal betting, Venmo betting, and eWallets like Apple Pay, Samsung Pay, and Google Pay), crypto is the only way to reliably claim same-day withdrawals at all sites, as winnings are usually transferred within 2-4 hours on average.

    Also, there are no withdrawal fees associated with Ethereum withdrawals. That said, please be aware that you can only withdraw in ETH if you’ve deposited in ETH.

    For those using traditional banking methods like making a sportsbook deposit using Visa, Mastercard betting deposits, or American Express betting deposits, you cannot withdraw in ETH.

    Instead, those members will have to claim their payouts via courier check, bank wire, or money order, which typically come with wait times of 2-5 days and can carry higher processing and transfer fees.

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