Bitcoin (BTC) is the world’s first cryptocurrency. It’s also the most popular digital currency, with a market cap of well over 100 billion dollars. Still, bitcoin is not the only cryptocurrency out there – there are plenty of others you can choose.
One of those is Ethereum (ETH), a cryptocurrency that’s getting a lot of attention among American bettors lately. The main reason for that is that ETH transactions are much faster than those executed using BTC protocols.
Unfortunately, not everyone accepts ETH. In fact, you are much more likely to find BTC in the list of banking options of your sportsbook. Of course, this doesn’t mean there aren’t any sports betting sites out there that deal with Ethereum.
Best Ethereum Sportsbooks
If you want to use crypto to make deposits/withdrawals, your best shot is to look at the banking options of offshore sportsbooks. Many of them use this method and many of them accept American customers.
The bad news is that not all of the offshore sportsbooks accept Ethereum, let alone have a good track record when it comes to payouts.
To be on the safe side, I would recommend betting only at those offshore sportsbooks that have already proven themselves as trustworthy operators.
The good news is that there are two such contenders that belong to this category which are BetOnline.ag and SportsBetting.ag, both of which accept US players and both of which use Ethereum.
These two are the best Ethereum sports betting sites I’ve ever reviewed as of 2020:
Let’s take a closer look at each of these sportsbooks.
If you go to BetOnline.ag, you will notice that the sportsbook is offering a 50% welcome bonus. Not bad, you might think, but it can get even better – if you decide to use Ethereum to make your first deposit, you’re going to receive a 100% bonus.
- US Players Accepted
- Promo Code: BOL1000 (Minimum Deposit: $55)
If you do the same for your second deposit, BetOnline.ag will give you an additional bonus equal to 35% of the amount you’ve decided to upload.
Apart from giving away amazing bonuses, this sportsbook is a great choice for a few other reasons. As already mentioned, BetOnline.ag is not famous as a sportsbook that causes trouble to its players. On the contrary, the sportsbook is loved by its users who praise its fast payouts and responsive customer support team.
SportsBetting.ag has pretty much the same bonus deals on the table as its sister site, BetOnline.ag. If you use Ethereum to fund your account for the first time, you are going to receive a 100% bonus. You’re also going to get a 35% reload bonus if you stick with Ethereum for your second deposit.
- US Players Accepted
- Promo Code: SB1000 (Minimum Deposit: $25)
Same as its sister site, SportsBetting.ag is also famous for its user-friendly attitude. It also offers decent odds and its betting offer is huge, covering everything from popular US sports to entertainment prop bets.
This is the place where you can also bet on the value of certain cryptocurrencies. For instance, you can bet on whether the price of BTC is going to be over or under a certain figure at the end of the month. The same kind of bet might be available for ETC as well in the future.
Using ETH for Betting
Using cryptocurrency for sports betting has several advantages, starting with the fact that it ensures your privacy. As you’re sending the funds directly from your crypto wallet to the sportsbook, no other party will know what you’re doing, including your bank.
Using digital currencies might also be a more profitable solution for you. This is because cryptocurrencies are increasing in value as their popularity grows, so you might get an extra profit in addition to your sports betting winnings.
Finally, crypto methods are much faster than some banking methods. For example, if you decide to use bank wire transfer to withdraw funds from a sportsbook, you will have to wait days or even weeks as that’s how long it takes to process a transaction.
Cryptocurrency withdrawals, on the other hand, can be processed within seconds. I say ‘can’ because not all cryptocurrencies are equally fast. For example, bitcoin transactions are usually measured in minutes. On the other hand, transactions done with Ethereum usually take only a couple of moments. This explains why Ethereum is one of the preferred banking options of American bettors.