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Best Ethereum Betting Sites 2024: List of the Greatest ETH Betting Bonuses

Last Updated on 23/02/2024
Fact checked by: Heather Williams

Welcome to our guide to Ethereum betting. Perfect for anyone who wants to use this crypto to bet on their favourite sports.

We found that lots of betting sites let you deposit and withdraw with Ethereum, but not all of them can be trusted. So this guide is here to show you the safest operators for betting with Ethereum, along with tips on how you can get deals like the exclusive Stake.com TGHSTAKE code.

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What is Ethereum betting?

Betting with Ethereum is just like betting with real money. You can do all of the same things in terms of the odds that you bet on, but the key difference is that you will be using cryptocurrency to make your deposits and withdrawals.

As a result, you could sign up to an online sportsbook, make an Ethereum deposit and then use the funds as stakes for your sports bets. If you had managed to make any winnings, you could then make a withdrawal from the sportsbook with Ethereum back into your crypto wallet. Here’s how it works:

  1. Sign up to a sportsbook that accepts Ethereum;
  2. Make an Ethereum deposit;
  3. Use your funds as stakes for sports betting;
  4. Make an Ethereum withdrawal of whatever you win.

The basics of how Ethereum betting works

Ethereum was introduced in 2015, and it is now the second-most popular cryptocurrency worldwide after Bitcoin. Ethereum actually refers to the network, whereas Ether is the crypto coins that are used as the currency.

Like Bitcoin, Ethereum operates as a decentralized blockchain platform that allows you to make peer-to-peer payments to purchase goods and services online. All of this is done without there being a central authority such as a government or financial institution to oversee and verify the transactions.

However, where Ethereum differs from Bitcoin is the fact that it has a special feature called ‘smart contracts’. This allows Ethereum to securely execute and verify the application code to give you a safe way to carry out your transactions. Such smart contracts have also opened the doorway to Ethereum being associated with non-fungible tokens (NFTs), which lends a further reason to get involved with the cryptocurrency.

Advantages of Ethereum betting

There are plenty of reasons why people are so keen to start betting with Ethereum. Here are some of the most obvious:

  • Fast processing times: Most Ethereum transactions go through in a matter of minutes. This is much speedier than what you get with some standard payment methods like bank transfers. Just bear in mind that Ethereum processing times might get slower if there is more network activity.
  • Anonymity: You can make Ethereum payments to sportsbooks without having to reveal your identity. This also means that any deposits won’t show up on your bank statement.
  • International betting: Cryptocurrencies like Ethereum can be used to make payments across borders without any government intervention. This has the benefit of allowing you to play at sportsbooks that aren’t necessarily operating in your country.
  • No bank account: You won’t even need a regular bank account to make Ethereum payments. Once you have your crypto wallet loaded with the crypto coin, you can make your payments to betting sites without the authorisation of a bank.

Reasons to be careful when trying ETH betting

While betting with Ethereum is increasingly popular, it still isn’t widespread. Here are a few reasons why:

  • Scam betting sites: Sadly, there are lots of rogue operators who pretend to accept crypto deposits because no regular payment provider would go near them. These operators simply cannot be trusted with your payments.
  • Fees: You will have to pay a network fee for every Ethereum transaction you make to be validated on the blockchain. These fees are small, but they might add up over the long term.
  • Volatility: Like most cryptocurrencies, Ethereum suffers from high volatility. This means the value of Ethereum might be drastically different from one day to the next.

Top Ethereum betting sites to bet at

While there are a growing number of Ethereum sportsbooks out there, some are definitely better than others. We think that Stake.com gives you a good example of what you should be looking for in any Ethereum betting site or app.

This is because the brand is fully licensed, offers helpful customer support and gives you a safe and efficient way to make your Ethereum deposits and withdrawals.

Beyond this, the Stake.com site operates in a similar way to any regular online sportsbook. This means that you can sign up here and enjoy thousands of bets for all major sports like soccer, basketball, football, tennis, and so on. Plus, it’s a site that’s packed full of deals that you can get with your Ethereum deposits.

We’ll be keeping this page updated with all of the best Ethereum sportsbooks, but for now, it looks like Stake.com is the one to beat.

Our favorite Ethereum sportsbooks

How to make a deposit at an Ethereum betting site

It’s relatively straightforward to make a deposit with Ethereum at an online sportsbook. Here is what you need to do:

Buy some Ethereum

You can do this at a crypto exchange. Check the reputation of the cryptocurrency exchange first to make sure that it’s legit. You’ll usually be able to buy Ethereum with a regular debit or credit card and either use the soft crypto wallet at the exchange or withdraw it to your own crypto wallet.

Sign up to the Ethereum sportsbook

You can usually do this just by providing an email address, although there may be further verification checks.

Get the sportsbook payment address

By going into the cashier section, you will find an address that you can use to send your crypto payments to.

Make your deposits

You can now go into your crypto wallet, paste in the sportsbook address, type in how much Ethereum you want to send and submit your payment. Most Ethereum deposits should show up in your account in under 10 minutes. 

Making your ETH withdrawals from an online sportsbook

Once you’ve made some winnings, you will be ready to make a withdrawal. The good news is that this is a simple process, as most decent sportsbooks will automatically select the crypto wallet used for making your deposits for your withdrawals.

The only thing to note here is that there will usually be a minimum amount that you can withdraw at a time, plus you might only be able to make a certain amount of free withdrawals each month.

Processing times for Ethereum withdrawals vary according to the operator you use as well as other factors such as network activity. However, we have found that most Ethereum withdrawals should be back in your wallet between 24 and 48 hours after processing.

Picking up Ethereum betting bonuses

We should also mention the fact that your Ethereum deposits may also qualify for some great sportsbook deals. Take the current Stake.com offer, which will give you a 200% deposit match up to $1,000 as well as a 10% Rakeback just by making your Ethereum deposits while using the TGHSTAKE code.

Conclusion - All you need to know about Ethereum betting

We have shown you that betting with Ethereum is something that can be safe, fun and easy. The key thing that you have to do is to carefully consider which operators you use for your Ethereum bets.

Thankfully we have given you some great examples of ETH betting sites that you can use to make your crypto deposits and enjoy some quality odds and promo deals.

We’re pretty sure that more online sportsbooks are going to be accepting Ethereum deposits in the near future. Naturally, we’ll be updating this guide with each new Ethereum sportsbook that comes on the scene. So watch this space to see who gives you the best odds for your Ethereum bets.

Our favorite ETH sports betting bonuses

Ethereum betting FAQ

🏅 Which is the best blockchain betting platform?

We’ve found some great places for Ethereum betting, but make sure that you read our guide to see which is the very best for betting on the blockchain.

❓ How does Ethereum betting work?

You’ll find it easy to enjoy Ethereum betting. So be sure to read our guide here at TheGameHaus.com to see which Ethereum gambling operators are out there and we’ll walk you through how the whole crypto betting process works.

✅ Is Ethereum gambling safe?

We would never recommend any kind of Ethereum gambling site unless we knew that it was safe. So make sure that you read our guide to see which sites and apps can be used for safe Ethereum betting.

📱 Who has the best Ethereum betting app?

Lots of people now enjoy using an app for Ethereum betting. So check out our guide to see which operators give you a fun and safe way to bet with Ethereum from the convenience of your smartphone or tablet.

🎁 Can I get a bonus at an Ethereum betting platform?

There’s nothing like a bonus for making your bets go further. So take a look at our guide to Ethereum betting to see which operators have promo deals that you can use to take your bets to the next level.

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