The Best Ethereum Betting Sites 2024

The Pros and Cons of Using Ethereum on a Betting Site

Ethereum is the second biggest cryptocurrency in the world, next to Bitcoin, and many ETH fans believe it has even better long-term potential than its big brother.

That being said, when you start betting with Ethereum, here are the advantages and disadvantages you might encounter…

ETH Betting Vs Traditional Fiat Betting

Let’s take a look at how they compare: the pluses and minuses…:

More Financial Privacy and Anonymity

Many of the top Ethereum betting sites will offer players complete privacy when playing end-to-end ETH.  This means that your betting activities will be kept safe from your bank and credit rating agencies – and anyone else you don’t want to know about it.

This will give you complete financial freedom – so you can do what you want with your money without any repercussions.

Lower Fees

When playing at a traditional betting site, you can be hit with several fees – including deposit and withdrawal fees, credit card fees, etc.

This is where ETH betting sites have the advantage – the fees attached to Ethereum are much lower – lower than fiat currencies and even lower than Bitcoin transactions.

Play Globally

The traditional betting industry is filled with stringent regulations. The betting sites need to obtain a license for every country it operates in, pay taxes and fees, etc. If you are living in a restricted country, then the betting site will be able to block your activity based on where your financial activity is coming from.

However, addresses and locations aren’t linked to your Ethereum, which means that no one can know where in the world the money is being sent from. So, if you use a VPN, you can play from wherever you are in the world.

That being said, if the site does find out that you are playing from a restricted country, they can withhold your withdrawals and keep your money. As such, we wouldn’t recommend it.

More Generous Bonuses and Promotions

You will find that the best Ethereum betting sites will offer bigger, better, more generous, and more frequent bonuses than most fiat casinos – but why?

Mainly, it’s because transaction fees are a lot lower – for players and the betting sites. The sites save money on deposit, payout and chargeback fees, etc.

A good site will pass some of these savings on to you – in the form of bonuses and promos.

Safety

Because you don’t need to enter any of your personal or financial details online, it is one of the safest ways to play. Just make sure you keep your private key safe and you’ll be completely protected.

Disadvantages of Ethereum Betting

That being said, there are some disadvantages of using Ethereum:

• Fewer Regulations: Because ETH gambling is much newer, there are fewer regulations surrounding it.
• No Chargebacks: If your ETH betting site chooses not to pay out your winnings, you have no way of getting your money back.
• Volatility: If the value of your ETH drops, you might lose money even if you win your bets.

Overall, apart from the volatility, which can’t be avoided, the other drawbacks can be mitigated by making sure you play at a safe and trusted ETH betting site and the advantages far outweigh the disadvantages.

Why Betting with Ethereum is the Future

If you are considering gambling with Ethereum, but are still sitting on the fence, then these are the reasons why betting with Ethereum is the way forward:

Fiat Currencies are Less Effective

No matter which way you look at it, the overall value of fiat currencies is constantly going down because of inflation. So, for example, what you can get now with €100 will be a lot more than what you will be able to buy with €100 in 50 years.

As long as governments remain in control of fiat currencies, they can control your money and have power over you. Banks have total control over how you can spend your fiat currency. As far as they are concerned it is always their money and you just get to use it… as they see fit.

Ethereum is completely different. This is all yours. No government can control your money, no banks or financial bodies can control your money – and many believe that the value is due to go up in the long term rather than down. As such, It is a better investment.

Riding the Bull Market

When you bet with fiat currencies, the currency generally holds its value for a long time, with the only real movement being a slight downward trajectory. However, with Ethereum in the long term, especially if you hold on to it for a few years, you can ride the bull market and the value of your money could increase quite significantly.

Stay in Control

No matter how much money you have and how controlled you are, banks don’t like gambling websites. Some go so far as blocking not just transactions, but your entire account simply because you want to spend your money at an online betting site.

Do you want to place your bet on a betting site? Playing with Ethereum means you can do so whenever you want!

Even Better Betting Sites

Even if a standard betting site accepts Ethereum, you might find that it is a pretty old-school website – with slow withdrawals, low-quality graphics, and poorly designed platforms.

However, because Ethereum sites are much newer, they usually enjoy much better technology and are more innovative and forward-thinking.

How to Start Betting with Ethereum

If you’re ready to take the step, you need to make sure you do it properly: these are the steps you need to follow if you want to get betting with Ethereum:

Choose One of Our Recommended ETH Betting Sites

Our expert reviewers put in a lot of time and effort to choose which sites make it onto our list of recommended ETH gambling sites to make sure that you don’t spend your money at a scam site.

That being said, what one is right for you depends on your taste, so read through our reviews to see which site suits your needs the most.

Click on our link over to the website and register for a new account.

Buy Ethereum (If Needed)

If you want to bet with Ethereum, you need to have Ethereum. If you already have an ETH wallet with funds in it, you can get started. However, if you don’t, you need to get some.

For this, you will need to find a trustworthy Ethereum exchange that has a good reputation in the industry – such as Binance or Kraken.

Transfer Your ETH to your ETH Wallet

Once you have your Ethereum, you need to transfer it to a wallet. This means you will need to have a safe, secure, and trusted ETH wallet.

Again, there are plenty of options, so you need to do your research first – and the one you choose will depend on how you want to spend your money and how secure you want your funds to be.

Make Your Deposit Carefully

Open up your new ETH casino account and select deposit – and choose ‘Ethereum’.  You will then see a public wallet address attached to your account –  which is a series of letters and numbers. Copy it.

Then, return to your Ethereum wallet, paste the address, enter how much you wish to deposit, and then click on ‘Send’.

Your deposit can take a few minutes to complete, so don’t fret if it’s not there straight away. You can then get playing!

The Best Games on Ethereum Betting Sites

The good news is that you can enjoy the same excellent selection of games and betting opportunities on an Ethereum betting site as you would on a traditional fiat gambling site.

At the best sites, you will find hundreds – and even thousands of Ethereum slots games, many Ethereum sports betting opportunities, and even special crypto games that you won’t find at a traditional fiat betting site – something to satisfy all tastes from all of the top providers:

Online Slot Games

When you open up most Ethereum betting sites, it will be the online slots catalog that makes up the lion’s share of the games.

Some of our top recommended ETH sites offer thousands of top titles of all different varieties including the more traditional and classic fruit machines to the 3D video slot games with different themes including Ancient Egypt, Vikings, TV and Music branded games, Space-themed games… all sorts.

There will be games with 5 paylines – and games with thousands of paylines. Some will be played on the standard 5×3 grid, whilst others will have bigger gaming grids. There will be all sorts of bonus features and rounds with state-of-the-art technology.

Then, of course, we can’t forget about those jackpot slots – where you can potentially win 6 and 7-figure prizes.

The best thing about slot games is the fact that there is something for everyone. These are also 100% luck – no strategy required!

Casino Card Games

Lots of crypto casino connoisseurs love a good card game – and these will be plentiful at any decent online Ethereum betting site.

We would expect to see a variety of blackjack games including different types of video blackjack games and live dealer blackjack games.

Additionally, we also look for other titles, such as baccarat, poker, and more.

Roulette Games

Most players will be familiar with that famous roulette wheel – one of the most popular and widely recognized casino games across the globe.

At the very best Ethereum betting sites, we would expect to see a variety of titles such as American Roulette, European Roulette, and French Roulette – both virtual and live casino titles. Ideally, they will offer a few edgy and innovative games such as Speed Roulette, Double Ball Roulette, Lightning Roulette, and more.

Dice Games

We will also expect to see a selection of Dice games. Obviously, there is the main crypto dice game, where you choose a number between 1 and 100 and then bet on whether the dice roll will be over or under that number. You can make your bets as safe and risky as you like.

However, you should also be able to find more traditional casino dice games. The most well-known is Craps, where you get to bet on the roll of 2 dice that are thrown on a large green table with high walls.

Other classic dice games to look for include Klondike, Sic Bo, and Banka Francesca.

ETH Crash Games

One type of game you will find at crypto and ETH gambling sites that you won’t find at traditional online casinos and betting sites are Crash games.

Originally, the Crash games were based on the stock market and still work on the same concept. You bet on the game and watch the line as it goes up the graph – and try to predict where the graph will crash – and cash your money out accordingly.

This game is as straightforward as it is possible to be – whilst offering a thrilling, fast-paced and exciting betting experience.

Ideally, there will be other blockchain-based games as well, such as HiLo, Mines, Ethereum Plinko, and more.

Ethereum Poker

Online poker has never been more popular – and its growth in both the traditional and crypto worlds is astonishing.

The top ETH betting websites will offer a whole variety of game types including Texas Hold’em,  Casino Hold’em, Caribbean Stud Poker, 5-Card Stud, and more.  Also, because ETH poker is getting more popular, the quality of competition is getting better.

Sites are now starting to offer huge online poker tournaments, paying out mega-bucks. At a good ETH poker site, you will find faster-paced games, tougher competition, more pre-flop action, the chance to play at more than one table at once – and no way to tell whether your opponent is bluffing.

Ethereum Sports Betting

One of the most popular types of betting in the world is sports betting – and this is as big with Ethereum and Crypto as it is in the traditional world of betting.

Ethereum betting sites are now very heavily into sports gambling and today, ETH bettors have plenty of opportunities to place their wagers on a vast number of sports and markets. You can expect to see football, tennis, ETH basketball, NFL, and other categories like Ethereum esports betting.

The best gambling platforms will offer hundreds of different markets, from the outright winner, first to score, and futures to handicaps.

The one thing we did note, however, is that many ETH gambling sites have an edge of up to 10%, which isn’t great, so make sure to check and compare the odds and prices first.

Ethereum Betting Conclusion

Ultimately, Ethereum betting is taking hold of the gambling world and we’re here for it. If you thought Bitcoin betting was great, ETH betting takes it one step further.

Not only are more betting sites accepting Ethereum, but there are all sorts of advantages that come with using it – complete privacy and anonymity – plus faster transactions and lower fees than fiat currencies and Bitcoin, whilst remaining as safe and secure.

Although it is less regulated than traditional betting, as long as you choose a trustworthy site such as those we recommend, you can enjoy an excellent, safe, and secure gaming experience. So, why not give it a try?