Due to the evolution of the online sports betting industry, various types of cryptocurrencies have been added to the mix. Bitcoin is still the most popular digital currency in the world of sports betting. However, some players are switching to other types of cryptocurrencies such as Ethereum. These new platforms provide a variety of advantages to the users.
One of the main advantages of Ethereum is that it is not subject to federal laws that can affect other financial transactions. This page is designed for Ethereum’s sportsbook. It has a variety of articles and resources that will help you navigate through the process of becoming a legal online betting player.
The members of this team have identified the best online sports betting platforms that accept Ethereum as their currency. They have examined each site and its various features and ratings to find the best fit for their customers. Scroll down to the table below to view the list of recommended sites.
What is Ethereum?
Unlike Bitcoin and Litecoin, Ethereum is not a central bank and operates on a public blockchain. It is a type of P2P digital currency that is similar to Bitcoin. However, it has various unique characteristics that make it unique. One of these is its support for smart contracts. These are applications that are designed and operated on the blockchain.
Smart contracts could greatly affect the operations of online sports betting platforms. They could provide them with the necessary tools and technology to improve the fairness of their games. This type of forward thinking would allow them to implement provably fair technology in real time.
Using Ethereum to Bet on Sports
We have put together a list of the many advantages of using Ethereum to gamble on sports. After reading this, you’ll be able to see why more people are switching to cryptocurrencies.
Unlike other payment methods, Ethereum transactions are immediately processed through its blockchain. This eliminates the need for banks or financial institutions to approve these transactions.
Due to the UIGEA, US gamblers have a hard time using credit and debit cards when making transactions in online sports betting. But there’s no reason to worry as the digital currency isn’t covered by this legislation.
In the US, some online sports betting platforms offer special bonuses for cryptocurrency users. These include match bonuses, which are designed to reward players with a certain amount of money.