The online sports betting market has expanded to include several different cryptocurrencies. Bitcoin is arguably the leading digital currency, but some sports bettors are switching over to other types like Ethereum. These Eretheum sportsbooks host several advantages that heighten the overall online wagering experience. Perhaps the biggest advantage is that Erteheum is not tied to federal laws that complicate other transaction methods. This page is tailored to Eretheum sports gambling and has lots of helpful information to get you on your way to legal online betting.
Our team of online sports betting experts has compiled a list of the best available sportsbooks that accept Eretheum as a viable currency. Each one of these sites is USA-friendly. We screen each potential recommendation for items such as legal licensing, regulation, betting line selection, wagering types, customer service options, bonus incentives and more. You can examine these sites for yourself by clicking on the links provided in the table below.
What Is Ethereum?
Ethereum is a decentralized P2P digital currency type. It is similar to Bitcoin and Litecoin but has some distinctions that make it a unique entity. Like other alternative currencies, Ethereum runs on a public blockchain where miners produce Ether and monitor transactions. Ethereum’s blockchain also supports smart contracts, which are applications designed and performed on the blockchain. These smart contracts could eventually revolutionize the online sports gambling sector. Think of provably fair technology, which allows you to test the fairness of online casino games in real time and apply that type of forward thinking to online betting.
Advantages Of Using Ethereum To Bet On Sports
There are multiple advantages to using Ethereum to bet on sports. Our team of cryptocurrency sports gambling analysts has put together a list of these advantages. After reading these, it will be easy to see why so many bettors have migrated over to the digital currency realm.
• Ethereum transactions are processed instantly. Other transaction methods require approval from banks or other financial institutions. With Ethereum, once your transaction is processed through the blockchain, which is completed instantly, you will have access to your funds.
• Ethereum is not hindered by the UIGEA. US bettors have a tough time with credit/debit card transactions. There is no reason to worry about Ethereum betting, as the digital currency is not covered under the UIGEA.
• Special cryptocurrency bonuses. Most crypto-friendly USA online sportsbooks have exclusive bonuses for cryptocurrency bettors. These come in the form of match bonuses, which is when the sportsbook matches your deposit by a percentage up to a certain amount.