Legal Ethereum Sports Betting Deposits
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 Ethereum sports betting deposits. When it comes to online betting, Ethereum 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, get out of the ether and keep your feet on the ground with our short guide!
Best US Online Sportsbook Accepting Ethereum Deposits
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 Name||Current Bonus||U.S.||Visit Site|
|50% Max $1,000||Visit Site
|2||50% Max $1,000||Visit Site
What Is Ethereum?
Ethereum is a cryptocurrency that launched in July 2015, and it is different from Bitcoin – the original crypto – in many ways. Ethereum, which has the ticker symbol ETH, allows for Ethereum smart contracts, ETH NFTs, and Ethereum dapps, making it a very versatile platform.
To date, there has been one ETH hard fork that led to the creation of Ethereum Classic (ETC), though ETC is not popular for betting online, and no online sportsbook of note supports it. Ethereum itself, often called Ether, is currently the second most popular cryptocurrency in the world, and the Q1 2021 Ethereum price is hovering at just around $1800-$2000.
Naturally, then, it’s no surprise that nearly all reputable legal betting sites (with the notable exception of Bovada Sportsbook) accept Ethereum deposits. For legal sports betting, Ethereum is slightly faster than Bitcoin in terms of transaction speed, and because it’s so widely used – and because Ethereum trading is such a robust market – many bettors favor it to legal Bitcoin sports betting.
That said, Ethereum gambling is slower than some other crypto platforms when it comes to online banking at legitimate online sportsbooks. Both Litecoin betting and Stellar betting have faster transaction times (though only by a few minutes).
Is Ethereum Sports Betting Legal For US Residents?
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, and have a high level of anonymity.
Still, it’s important that you know the status of gambling legislation in your specific state. Currently, only Washington betting laws and Connecticut betting laws nominally bar all online sports betting, though we’ve never heard of any fines or arrests for participating in either state. However, we must insist that you follow all local laws and proceed only at your own risk if you live in WA or CT.
Benefits Of Using Ethereum Betting Sites
When 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 Ethereum poker tournaments.
Because ETH has so many of the same benefits of BTC, for sports bettors, the Ethereum vs. Bitcoin debate is moot: You should use Bitcoin or Ethereum according to which crypto you like best. For other applications, like investment, the Bitcoin-Ethereum debate is more important, but for our purposes, both are excellent. (It should be noted that ETH does have lower in-built blockchain fees than BTC, though the difference is negligible.)
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
Ethereum Sports Betting Bonus Options
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:
- Visit any reputable Ethereum exchange and make a free account. You will need to link your US bank account or a debit card account.
- Keep an eye on the Ethereum current price, buying when the coin looks like it’s trading at a weekly or daily low. There are many free Ethereum price prediction services and Ethereum forecast apps that will help you know when to get the most bang for your buck.
- 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.
- Once you have your ETH in hand, you can move it to an Ethereum wallet or keep it 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 that takes Ethereum, 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 Ethereum address, and enter that into the recipient field inside your ETH wallet or ETH exchange panel (see below). Your site will receive the Ethereum in 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
Many crypto newcomers may be curious about how to mine Ethereum, 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 Ethereum 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 to get free Ethereum, there are online tutorials for how to mine Ethereum on Mac and how to mine Ethereum on Windows. Please be careful about which sites you trust when searching for legitimate Ethereum mining software providers.
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 Ethereum price history, your winnings will certainly appreciate in value, so you’ll actually earn more free Ethereum in the long run just by placing savvy wagers!
Where To Buy Ethereum
The easiest and fastest services that allow you to buy Ethereum are online exchanges that let you convert USD to Ethereum (or, when cashing out, Ethereum to USD). The most popular crypto exchanges where US residents can buy ETH are:
- Coinbase Pro
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 Ethereum into a reputable Ethereum 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.
In that case, we recommend making Litecoin (LTC) deposits using the QuickBit betting or QB Direct betting option at sites like BetOnline AG and MyBookie AG. Litecoin deposits via QuickBit/QB Direct come with all the same great benefits as Ethereum deposits.
Best Ethereum Wallets For Legal Online Sports Betting
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.
- Coinbase Pro
- Atomic Wallet
- Exodus Wallet
- Guarda Wallet
- Jaxx Wallet
- Ledger Nano S
- Ledger Nano X
- Trezor One
- Trezor Model T
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.
How To Get Same-Day 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.
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.