Gambling has had to move with the times, first making its way online, and then becoming accessible for players on the go, thanks to smartphones. Now there’s another leap forward with
Ethereum gambling sites
for crypto bettors.
Whether you’re new to the world of Ethereum or you’ve been holding for a while now, we’ve got the gambling side fully covered. From transferring your digital assets safely between wallets to claiming exclusive offers aimed at crypto gamblers, we’ll point you in the right direction. We’ve got absolutely everything you need to know, so let’s get started.
Compare the Best Ethereum Betting Sites for November
Buying Ethereum for the first time might seem a daunting prospect, but like most things in life, it’s easy when you know how. This is how it works:
Choose your exchange:
you’ll need to sign up to a trading platform within your jurisdiction that offers Ethereum. That shouldn’t be too much of a problem, as it’s the second most popular cryptocurrency after Bitcoin.
Create an account:
you’ll need to provide your ID and undergo verification checks. Once they’ve been completed, you can deposit your preferred fiat currency into your new trading account.
Buy Ethereum:
select Ethereum from the cryptocurrency options, decide how much to buy, and action the purchase. Your ETH will appear in your trading account wallet, ready to be transferred.
Set up a secure wallet:
trading platforms and exchanges shouldn’t be viewed as long-term storage options for your Ethereum assets, so you’ll need to transfer them to a private wallet. Choose from a free open-source wallet download to store your crypto on your hard drive, or you could use a removable drive for extra security.
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Before you start Ethereum gambling
Buying Ethereum for the first time might seem a daunting prospect, but like most things in life, it’s easy when you know how. This is how it works:
Choose your exchange:
you’ll need to sign up to a trading platform within your jurisdiction that offers Ethereum. That shouldn’t be too much of a problem, as it’s the second most popular cryptocurrency after Bitcoin.
Create an account:
you’ll need to provide your ID and undergo verification checks. Once they’ve been completed, you can deposit your preferred fiat currency into your new trading account.
Buy Ethereum:
select Ethereum from the cryptocurrency options, decide how much to buy, and action the purchase. Your ETH will appear in your trading account wallet, ready to be transferred.
Set up a secure wallet:
trading platforms and exchanges shouldn’t be viewed as long-term storage options for your Ethereum assets, so you’ll need to transfer them to a private wallet. Choose from a free open-source wallet download to store your crypto on your hard drive, or you could use a removable drive for extra security.
How to make a deposit at an Ethereum gambling site
It’s exceptionally easy to deposit Ethereum at an online casino or sportsbook site, as there are no financial institutions or middlemen involved. It all comes down to making a simple transfer of funds from your personal wallet to your online betting account wallet. This is how it works:
Set up your online gambling account.
Navigate to the Cashier / Deposit section.
Select Ethereum and input the amount you’d like to deposit.
Copy the address and go to your personal Ethereum wallet.
Select the amount you’re sending and paste in the address provided by the gambling operator.
Once sent, your deposit will be available for use within seconds.
Easy withdrawals at Ethereum gambling sites
When you want to withdraw any Ethereum gambling winnings, it’s as easy as making your initial deposit. It’s simply a matter of making a withdrawal request from the Cashier tab and selecting Ethereum from your list of options.
Input the amount you’d like to withdraw and paste it into your personal wallet address. Subject to any necessary approvals needed from your casino or sportsbook operator, your digital funds will be safely transferred directly to your wallet. From there, you can exchange them for fiat currency and transfer them to your bank account or hold onto them for investment purposes.
Useful information table about Ethereum gambling
Ethereum transaction speeds are some of the fastest available, even surpassing Bitcoin when it comes to making withdrawals:
Payment method
Deposits
Withdrawals
Ethereum
Instant
Instant
Bitcoin
1 hour+
1 hour+
Credit cards
Instant
2 – 5 days
Debit cards
Instant
2 – 5 days
Bank transfer
Instant
2 – 5 days
Ethereum gambling
doesn’t require the usual verification checks
Although no verification checks are needed when transferring Ethereum, they’re usually required when setting up a trading account at a crypto exchange. These are ID checks required by law, so it’s rare to find any options to bypass them altogether. A lack of security checks could indicate a much higher chance of being scammed, and cryptocurrency markets aren’t regulated, so there’s no comeback if that does happen.
All cryptocurrencies operate in unregulated markets, so there’s already an element of risk involved. Attempting to bypass any KYC and ID checks imposed by trading platforms will lead to exorbitant fees at best and failure to receive your Ethereum at worst.
Once a person’s trading account is verified, their Ethereum can be transferred to a private wallet. Only the owner knows how and where they intend to use it, which is one of the big attractions of Ethereum gambling.
Our favorite Ethereum betting sites
The history of Ethereum
Everyone’s heard of Bitcoin, which was the first cryptocurrency to launch back in 2009. It hit the headlines for being the first decentralised and unregulated digital currency, although that wasn’t the only reason for its notoriety. The origins of Bitcoin are shrouded in mystery, with nobody too sure exactly who is behind its creation.
The same isn’t true of Ethereum, which was first put forward as a concept by Vitalik Buterin in 2013. He was quickly joined by several others, embarking on a crowdfunding exercise in which Ethereum tokens were sold before the platform had even gotten off the ground. It was a risk that paid off in 2015 when the crypto grew to rival Bitcoin for overall market share.
Cryptocurrencies have been subject to close scrutiny regarding their use of non-renewable sources of energy. Towards the end of 2022, Ethereum underwent a much-hyped Merge, meaning it now uses far less energy than previously. Over time this is likely to strengthen its position in the market, and we could potentially see it overtake Bitcoin at some point in the future.
Benefits of Ethereum gambling
Whether you sign up to an online sportsbook or casino, you’re sure to find several options for depositing and withdrawing funds. Bank transfers, credit cards, debit cards, prepaid cards, eWallets, and now cryptocurrencies too – with so much choice, what makes Ethereum the most attractive option? We’ve taken a long, hard look, and we think you’ll be surprised by what we found:
Ethereum is here to stay
Cryptocurrencies don’t always succeed, and there are already quite a few that have crashed and burned. Even Bitcoin isn’t immune to huge fluctuations in value, causing investors to lose their nerves. Ethereum is more than just a platform for cryptocurrency, as its blockchain also offers secure smart contracts, and that makes it particularly attractive to betting site operators.
Less time waiting = more time to wager
Banks and credit card companies can keep you hanging around waiting to receive money that’s rightfully yours. What are they doing that takes up to 5 business days to complete anyway? Ethereum removes the middleman and allows instant transfers from wallet to wallet, making it quick and convenient.
Better potential returns and rewards
Operators save money when you deposit and withdraw using Ethereum, as they don’t have to pay any fees. They pass those savings in the form of higher RTP rates on their games or by offering more generous deposit match bonuses for ETH payments.
Access to the latest breed of online games
Stake.com is just one example of an online casino built by and for cryptocurrency and gambling enthusiasts. There’s a great collection of blockchain-based Stake Original games, including Crash, Plinko, and Mines, and Provable Fairness comes built in as standard. Input our exclusive
TGHSTAKE
code to receive a 200% deposit match up to the equivalent of $1.000, plus an ongoing 10% Rakeback on your wagering.
Three essential
Ethereum gambling
facts
Here at The Game Haus, we fully understand any feelings of anxiety that players might feel about using a new type of currency to fund their gambling activities. The concept of digital currencies is something that’s still very new, so it’s natural to approach it with a degree of caution. Just in case you’re still wavering, here are three important points you need to keep in mind about using Ethereum at an online casino or sportsbook:
1. Ethereum transactions are completely anonymous
There are all sorts of reasons why you might not want the names of any online gambling operators to crop up on your financial statements. Aside from the privacy aspect, this is something that could possibly have a negative impact on mortgage or loan applications in the future, so it’s worth taking into consideration.
2. Ethereum deposits and withdrawals are lightning fast
People often talk about the speed of Bitcoin payments, but they’re usually people who haven’t personally experienced them! Most payments tend to go through within 1 – 2 hours, but at times of heavy blockchain traffic, things can almost grind to a halt. Occasional delays of up to 24 hours certainly aren’t unheard of, and that’s a stretch when you’re waiting for your gambling funds to become available.
Ethereum was created to address some of the inherent problems associated with Bitcoin. Cryptocurrency is only a part of what Ethereum can do, so it’s been designed to be fast and efficient. The recent much-talked-about Merge has made the asset even faster and more desirable, so we anticipate seeing even more Ethereum gambling sites becoming available over the coming months.
3. Better casino rewards for Ethereum users
Everyone loves a bit of a freebie now and again, and there’s absolutely no denying that there are plenty of benefits for players who fund their betting accounts with Ethereum. With no fees to pay to financial institutions, the operators are making huge savings, some of which they’re more than happy to pass on to their players.
Deposit match bonuses are often bigger when you fund your account with Ethereum. And crypto casinos are renowned for offering a better RTP than their fiat currency counterparts. Rewards can be paid in crypto, too, allowing players to take advantage of any increases in value as an extra bonus.
Conclusion: we’ve picked out the
top Ethereum gambling sites to play at
Here at The Game Haus, we’ve put a whole lot of time and effort into checking out all the very best
crypto gambling
sites and putting them to the test. Ethereum wallets at the ready, we’ve looked into the games, sports, events and more to bring you all the facts you need to know.
It’s still pretty early days for cryptocurrency betting sites, but we’re seeing a steady increase in ETH gambling opportunities. The cream of the crop is right here, complete with in-depth reviews, information about bonus offers and even a few exclusive promo codes to take your gambling to the next level. Remember to keep it safe, and always set betting limits, whichever payment method you choose.
✋ Is it safe to sign up to Ethereum gambling sites?
Here at The Game Haus, we put player safety front and centre with every review and guide that we prepare. Come and check out all you need to know about wagering online using Ethereum, and we explain what you can do to keep your digital assets – and your personal information – secure. We’ve got all the best crypto casinos for you to explore too, so this is something you need to check out.
❓ How do I wager online using Ethereum?
You start by checking out our beginner’s guide to using ETH to power up your online casino or sportsbook account. We make it easy to get started with top crypto betting sites to try and some huge introductory offers to share with you.
🌟 Which is the best Ethereum gambling site?
The best crypto casino is the one offering you the games, wagering limits and payment options that you’re looking for. We can’t tell you exactly which one that is, but we’re here to help narrow down the options and find the one that’s right for you. We could even help you on your way with an exclusive promo, so you need to take a look at this!
🎰 Which gambling sites accept Ethereum payments?
Depositing Ethereum into an online casino account comes with a high degree of risk – unless you make sure you only pick safe and reputable operators. That’s our area of expertise here at The Game Haus, so be sure to come and check out our hand-picked selection of secure and reputable gambling sites that accept Ethereum.
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