Ethereum is the second most popular cryptocurrency in the world after Bitcoin. It was launched in 2015 and it quickly gained popularity as one of the best coins. Ethereum is known for its reliability, speed, and security. When it comes to esports betting, more and more sites have started to accept it as a payment method.
In this review, we will discuss the best betting platforms for esports that support Ethereum, as well as highlight its pros and possible cons.
The Top Ethereum Betting Sites for Esports
As mentioned previously, Ethereum is a relatively new payment system. Therefore, not every esports betting site will accept it. Check out our list of the best esport betting platforms that support Ethereum.
1xBet esports is one of the most popular online bookmakers in the world. This Russian-based betting platform welcomes users from over 50 countries. It offers Ethereum betting along with 26 other cryptocurrencies. You will be able to choose from a variety of esports disciplines. The site is ideal for CS:GO betting, Dota 2 betting, League of Legends betting, and even offers bets on Overwatch.
22Bet esports is known for its fast payouts, competitive odds and diverse betting opstions. You can choose from a variety of cryptocurrencies along with Ethereum as your payment method. What makes it stand out among other esports bookmakers is the extent of its League of Legends coverage. 22Bet even allows you to wager on smaller events, such as the Spanish LVP, South American LLN, and Brazillian CBLoL.
BetDSI Esports have recently been added to this site, which has been around for more than two decades and has a superb reputation. It is known for its quick withdrawal times and efficient support service. BetDSI offers plenty of options for several esports disciplines like CS:GO betting, Dota 2 betting, League of Legends betting. They offer odds for Overwatch and even have bets on Starcraft 2, and Hearthstone bets. Another good thing is that they do not charge a fee on withdrawals of more than $300.
With Betonline esports, you will be pleased to hear that they do not charge any transaction fees for cryptocurrencies. In general, it is a very good and reliable bookmaker with ratings of A+ across many reviews. You will find classic esports titles such as Dota 2, CS:GO, and League of Legends, as well as other ones.
Loot.bet is famous for LoL betting offers a variety of esports titles such as Dota 2, CS:GO, League of Legends, Call of Duty. You can even engage in more rare esports such as Rainbow Six Siege betting. They also cover major sports titles, allowing you to bet on FIFA and engage in NBA2K betting. The site is also great for battle royale titles like Apex Legends betting and Fortnite betting. Loot.bet offers a nice welcome bonus of up to €200 in extra betting funds.
Pros of Ethereum Betting Sites for Esports
Ethereum may not be familiar to everyone, especially to people that have not had any experience with cryptocurrencies. Before using Ethereum for esports betting, it is important to know some of the potential pros and cons that might come with it.
Huge bonuses for crypto deposits
Many esports betting websites encourage clients to use cryptocurrencies as payment methods, as they are much faster and cheaper. On top of that, some sites encourage using Ethereum specifically. Therefore, many services offer Ethereum bonuses (which are usually much generous than normal promotions), so you can benefit by using them. You may often see bonuses with a value up to 1 BTC!
As with any other cryptocurrency, Ethereum will allow you to make instant deposits and withdrawals, as blockchain networks do not have weekends like banks.
Using Ethereum for esports betting is a very simple procedure. All you need to do is create your Ethereum wallet, make a deposit and you are ready to place a bet.
You may know that Ethereum works on a decentralized blockchain network, which is safe and practically impossible to hack. When using Ethereum, you can be sure that your funds are going to be safe.
Ethereum is a fully anonymous network. Not only will it allow you to keep your personal information secure, but you also will not need to go through identity verification processes on most betting sites.
All Ethereum transactions are tax-free. In most countries, you will only pay tax if you make cash income from selling your ETH. On top of that, most betting sites do not take any transaction fees for Ethereum.
Cons of Ethereum Gambling Sites
The main disadvantage of Ethereum for betting is availability. At the same time, there may be small fees.
Not available in all countries
One of the biggest disadvantages is that cryptocurrencies are not available in all countries. For example, countries like Iran, Nepal, and North Macedonia have banned the usage of crypto. At the same time, many ETH betting sites do not accept players from certain territories. That means you may have to opt for a more traditional payment method.
While esports betting sites generally do not charge any fees for deposits or withdrawals. You need to pay attention to other fees, such as wallet fees or miner’s fees in certain cases.
How to Bet on Esports with ETH
Depositing your funds using an Ethereum wallet is a relatively simple task. However, there are some nuances that you should know.
Here is our short guide on betting on esports with Ethereum.
1. Open a Crypto Wallet and deposit funds
The first thing you need to do is open a crypto wallet, so you have a place to store your Ethereum. There are many to choose from like Coinbase, Kraken, Trust, and Bittrex. Once that is done, you can purchase Ethereum and deposit it.
2. Find an ETH esports betting site that accepts players from your region
As mentioned previously, there is a growing number of esports betting sites that accept Ethereum. Some of them include 1xBet, 22Bet, and BetDSI. However, it is important to check whether this bookmaker accepts players from your region.
3. Deposit using your unique wallet code
When you have a crypto wallet and found an optimal betting site, you can make a deposit. First, buy Ethereum using your wallet. Then, choose Ethereum as a deposit method on your betting site of choice and follow the instructions.
4. Log in to your wallet to confirm the transaction
After that, log in to your wallet. In Ethereum, you must confirm the transaction. You should be able to do it by viewing your transactions and there you will find the confirmation button. Do not forget to check all of the details.
5. Place a bet on your favorite esports team
After you have completed all of the procedures mentioned above, you are ready to go. When your funds arrive on your betting site account, simply place a bet on your esports event.
Alternatives for ETH Esports Betting
Ethereum is not the most widespread payment method in the esports betting market. However, there is no reason to worry. If your betting site of choice does not accept Ethereum, there are plenty of reliable alternatives.
One of the main alternatives to Ethereum betting is of course Bitcoin betting. It works in a very simple principle and many esports betting sites support it, so it is quite simple to use. You will also notice that Bitcoin is more widely accepted than Ethereum.
Ewallets like Neteller, Skrill, or PayPal
Ewallets are a widely accepted payment method in the online gambling community. Almost all sites will accept Neteller for esports, Skrill for esports, or PayPal for esports. They are very easy and safe to use. The verification process is very easy and you can sign up in a matter of minutes.
Credit cards have become an essential part of our lifestyle. Almost all esports betting sites will support credit card transfers. Even though they are very easy to use, you should keep in mind that withdrawing funds may take anywhere from 1 to 5 days.
Prepaid cards like Paysafecard
The main advantage of prepaid cards such as Paysafecard is that they do not require a bank account or a credit card to function. It is simply a voucher that you can buy online or at your local stores. It is a fast and simple payment method and works similar to a credit card.
Ethereum Betting Sites FAQ
Why can’t I sign up at an ETH esports betting site?
As mentioned in our review, not every region will be supported by a certain betting site. Therefore, your site of choice may simply not accept players from your country. You can always contact support to clarify your issue.
What should I do if an Ethereum betting site will not let me sign up?
If you have trouble signing up, you should check out some alternative betting sites that will accept Ethereum. As an example, you can look through some platforms that were mentioned in this review.
Is Ethereum betting safe?
Yes, Ethereum is a decentralized blockchain network. It is reliable and secure. You can be sure that your funds and personal information will be safe.
What kind of bonus will I get at an Esports betting site if I deposit with ETH?
It depends on an esports betting site you choose. You can expect deposit welcome bonuses anywhere between $10 and $1,000, and sometimes even up to 1BTC (or equivalent in ETH)!