A lot of different cryptocurrencies have come out after bitcoin exploded in popularity. While many of them have little to offer that bitcoin can’t provide, Ether is different in that it actually has a lot of new features and a completely different way of generating currency in the first place. It’s been designed from the ground up to be easier for businesses to use as well, and it’s quickly becoming the second most popular cryptocurrency out there with good chances to overtake bitcoin in the long run. Along these lines, it’s also starting to become a well-respected method for deposits and withdrawals at Ethereum sports betting sites.
Best Online Sports Betting Sites That Accept Ethereum
1XBit is one online sportsbook that we know of that has successfully integrated ETH into their cashier. They are reputable and offer everything a gambler could possibly want all under 1 roof including sports betting, poker, casino games, live dealer games and much more. Payouts are swift we feel they are a great option for players. I collected my first payout today and received my winnings in seconds. Those are exactly the kind of sites we really enjoy recommending to our visitors. BetOnline.ag and SportsBetting.ag both accept ETH and welcome players from all around the world, including the United States. They are two of the most trusted and reputable brands in the business, with over 20 years experience in the industry. We can recommend them without hesitation.
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Other Options To Play With The Biggest And Most Trusted Sportsbooks In The World By Converting Your Ethereum To Another Cryptocurrency Such As Bitcoin
Update: We now have several genuine options for players looking to deposit using ETH. Those options are listed above. However we wanted to show players how they can easily play with the biggest and most trusted sites in the industry by using a simple workaround that is safe and secure.
What we are talking about is a very easy way to convert your ethereum into any other crypto currency using one of 2 popular and trusted services. This opens up your options to all kinds of reputable sites that accept Bitcoin and other popular currencies. The conversion service includes Shapeshift.io and Changelly.com. The process takes anywhere from 5 minutes up to 30 minutes and can be done easily without any registration. I’ve personally exchanged thousands of dollars worth of crypto currencies using both of these sites. So I assure you they are reputable.
Cryptocurrencies are becoming widely used within the sports betting arena. The industry leaders are getting on board with this concept and more of the premium destinations have begun accepting multiple digital currencies, including ethereum. However, if the sportsbook destination of choice for you does not accept a specific cryptocurrency, then the process above will allow you the flexibility to move your funds between multiple options. Bovada is a highly reputable sportsbook for USA bettors, and while they don’t yet process transactions using Ethereum, they do accept Bitcoin, so the process mentioned above would allow you to place bets at Bovada using your Ether.
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How Do Ether Deposits and Withdrawals at Online Sportsbooks Work?
There is a little bit of a learning curve that players will have to work with when it comes to using Ether as a banking method at online sports betting sites, but that’s the case with any type of deposit or withdrawal method, including credit cards and e-wallets. The basic idea is that you’ll purchase this cryptocurrency at an online exchange, where it will reside in an online wallet much like existing electronic wallets. From there, you can make transactions like normal purchases to and from your wallet, which is very intuitive for players who have used other electronic wallets in the past. Then it’s just a matter of finding a reputable Ethereum gambling site that you want to play at.
How Do Players Deal With Ether’s Volatility?
Because Ether is still a fairly new cryptocurrency, it’s seeing some volatility from time to time. In short, the value of the currency has seen some serious swings up and down, which is a normal part of the process of a cryptocurrency establishing its value in the overall marketplace as it becomes used more often. Some players are concerned that the value of the Ether they hold could be adversely affected if they hold it for too long.
To protect players from these types of swings, many online sports betting sites allow players to immediately convert their Ether into another currency like US dollars upon their deposit. Then, when players are ready to cash out, the cryptocurrency can be converted directly back to Ether at the going exchange rate. This allows your account balance to be held in a currency that is not subject to these big swings while still allowing you to use Ether for deposits and withdrawals without the actual value of your transaction changing based on any fluctuation in the value of the cryptocurrency itself.
Which Sports Can Players Wager on With Ether?
Since Ether is just being used as a deposit method to otherwise normal online sportsbooks, the simple fact of the matter is that you can bet on whatever you want once your deposit is posted. Any of the sports or contests that an Internet sportsbook has to offer can be wagered on with this deposit method normally, and there are no restrictions at any reputable online sports betting site as far as which markets you can bet on based on your banking method. Any site that would institute some type of restriction like this would be seen as somewhat shady, and people would wonder what it was they were up to with these types of policies.
Why is Ether Sports Betting Gaining Popularity in the USA?
Gambling is extremely popular in the United States, but there aren’t opportunities for regulated sports betting in the majority of the country. As a result, many people turn to playing online. However, it’s not always as simple as navigating to an online sportsbook, signing up for an account and putting in a deposit via traditional methods because of a complicated and often misunderstood legal situation.
In 2006, the US passed a law called the Unlawful Internet Gambling Enforcement Act. One of the main effects of the law was to ban deposits for illegal online gambling. However, it did not make any type online gambling illegal. Instead, it just banned banks from processing deposits that would be used for Internet gambling that was already illegal (or that was made illegal in the future). Because the banks didn’t want to spend the resources to determine what gambling was legal and illegal, and because of the huge fines they would face even if they made a small mistake in this determination, they made a logical decision (from their point of view) and simply stopped processing deposits for all online gambling.
To this end, alternative methods like Ether have gained a tremendous amount of popularity in the United States since they allow players to get in on the action without having to deal with the complicated mess that the UIGEA left behind for the banking industry.
Are Ether Online Sports Betting Sites Safe and Secure?
There are two separate issues that players have to examine when it comes to determining if any online sportsbook, including those that offer Ether as a banking option, is safe and secure. The first is the fairness of the games. All of the sports betting sites that we recommend here have reputations for giving players fair lines without changing the terms or refusing to pay winning bets. They also avoid confusing terms and conditions that could trick their players. Instead, they offer a straightforward experience where you bet on what you want to bet on, win when a win is clear and lose when a loss is clear.
The second issue of consideration is what type of security they offer for their accounts. We would never recommend a site that did not use high-level SSL encryption for your wagers, personal information and financial details, which is the same type of encryption used for major financial institutions and banks. It’s the industry standard for protecting you from hackers and identity thieves. Along these lines, the Ether sportsbooks we recommend also have security teams and other automatic protocol in place that help to make sure that unauthorized log-ins to your account from other parts of the world are not allowed. This prevents virtually situations of your account being compromised due to shady activity on the Internet.
Summary of Online ETH Sportsbooks
The bottom line is that Ether is a relatively new technology, but it’s got a lot of potential in the online sportsbook world. A number of experts are predicting that it will eventually overtake bitcoin as the top cryptocurrency in the online gambling space, and virtually all industry figures agree that it has the potential to become a major banking option. Overall, the Ether online sports betting sites that we recommend give players lots of options on making sure they’re taken care of and that their experience is a good one. We also recommend some of the best online casinos that accept Ether as well if you prefer to play casino games for real money.