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The popularity of betting with cryptocurrencies and also betting with Ethereum is on a steep upward trajectory across the industry.

Many betting sites are already accepting cryptocurrencies for deposit, and the benefits of doing so are advantageous for both the betting sites and the users.

Ethereum is similar to other cryptocurrencies such as Bitcoin, Bitcoin cash, Litecoin and Dash, but also has its own proprietary traits.

Live since 2015, Ethereum also functions on open-source, public, block-chain technology, and like all the other cryptos, it is perfectly legal, including for use on betting sites. Ethereum has actually split into two separate blockchains since its 2015 introduction, with the new version becoming Ethereum (ETH) and the original version being referred to as Ethereum Classic, or ETC. ETH is much a much more popular version than the classic ETC, especially when it comes to betting sites and more specifically, betting with Ethereum.

1

mbit Casino – Top Choice for Ethereum Betting Sites

mBit Casino interface

Our Rating

When it comes to crypto casinos, mbitCasino is one of our top recommendations. The first welcome offer alone stands as possibly the biggest we’ve seen with a 100% deposit match for up to 1 Bitcoin (BTC) and 100 free casino spins. 

The promos don’t stop there as second and third deposits also offer bonuses for up to 1.5 BTC each, plus another 100 and 125 free spins. 

Depositing is quick and easy with one of seven cryptocurrencies to get you playing your favorite games fast, of which mbitCasino offers well over 8,000. 

Keep the fun going by participating in weekly games and quizzes while you move up the leaderboard, earn Bitty Coins and climb the ranks of the Stellar Club to unlock more perks.

100% up to 1 BTC

  • Over 8,000 casino games
  • Huge welcome bonuses for up to 4 Bitcoins and 325 free spins over 3 deposits
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2

Thunderpick Casino – Premier Ethereum Casino for Esports

Thunderpick esports betting.

Our Rating

Thunderpick Casino is the ideal Ethereum betting site for esports enthusiasts. With thousands of wagering options on games such as CS:GO, Dota 2, League of Legends, and more, players enjoy extensive choice and variety. Thunderpick prioritizes Ethereum and other cryptocurrency transactions, offering rapid withdrawals in under 30 minutes, minimum deposits starting at just €1, and heightened security through blockchain technology. Their impressive live casino features over 140 games, complemented by unique promotions like their leaderboard “Races,” making it an exceptional option for Ethereum users who value extensive betting options and convenience.

100% up to $2,000

  • Thousands of betting options between esports, casino and sports.
  • Low deposit minimums and quick withdrawal times.
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3

DuckyLuck Casino – Top Ethereum Casino Bonuses

DuckyLuck Casino slots

Our Rating

DuckyLuck Casino is ideal for players seeking large bonuses and diverse casino entertainment when betting with Ethereum. Their exclusive 600% Ethereum deposit match up to $2,500 significantly enhances player value compared to traditional methods. The casino’s game variety impressed us, with over 430 slots, live dealer games, and specialty titles like Keno and Bingo. Ethereum transactions are fast, secure, and convenient, making DuckyLuck a standout choice for crypto-focused casino fans seeking generous promotions and secure, hassle-free gaming.

500% up to $2,500

  • Excellent rewards program with daily bonuses.
  • Quick and secure cryptocurrency deposits/withdrawals.
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4

Cafe Casino – Best Ethereuem Casino for Quick Payouts

Cafe Casino slots

Our Rating

Cafe Casino sets itself apart with lightning-fast Ethereum payouts, typically processed within one hour—ideal for those prioritizing speed. Their tailored 350% Ethereum deposit bonus up to $2,500 greatly boosts bankrolls immediately upon joining. While Cafe Casino lacks sports betting and poker rooms, they excel with an extensive selection of slots, progressive jackpots, and blackjack variations. The intuitive interface and commitment to secure Ethereum transactions ensure an efficient, secure, and enjoyable gambling experience, making it a top choice for Ethereum users.

350% up to $2,500

  • Fast cryptocurrency payout speeds.
  • New slot, bingo, and casino games are frequently added.
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Best Ethereum Betting Sites

Ethereum is not as widely accepted among online betting sites as, say, Bitcoin, but there are still many ways to bet with Ethereum online.

Again, the rising popularity of betting with Ethereum should continue to push the envelope when it comes to the acceptance of Ethereum in the sports betting community.

There are advantages for the betting sites themselves in accepting cryptos and Ethereum for deposits that some pass right on to the depositor in the form of fees, or lack thereof. Some sites have advantages to betting with Ethereum that others do not offer, so the prudent move would be to visit all of the recommended sites and do some research before depositing to see which one works best for you.

In terms of the sites we suggest using when it comes to betting with Ethereum specifically, we would suggest the betting sites that offer a wide-range of betting opportunities such as live betting, prop betting, esports betting sections, and football specific bonuses if you are going to be betting on NFL football. Most betting sites that accept cryptocurrencies for deposit boast processing speeds that dwarf those of traditional processing methods, but not all of them provide football-specific bonuses that can be advantageous to the NFL-betting user.

Of course, we also want to do our research and identify the sites with the most competitive odds. Most of the betting sites that accept cryptos are competitive with their odds, but seasoned bettors know how to identify the sites that provide the best return on your bets, and you should know too.

At the end of the day, check out all the features of the recommended sites and select the one that you feel most comfortable with!

Pros and Cons

Pros

Efficient Processing Speeds
One of, if not the biggest advantage to betting with Ethereum comes in the form of processing speeds. Traditional processing speeds are painfully slow and therefore can get extremely frustrating for the user. However, when betting with Ethereum, most processing time is 48 hours or less, which is extremely favorable compared to traditional methods that could take up to two weeks in case of a cheque or up to a week or five business days for a bank wire. If current payout methods are a frustrating source when betting online, this is an area when betting with Ethereum can be advantageous.
Anonymity
While betting with cryptocurrencies is not completely anonymous, the lack of a “paper trail” gives it near-anonymity. This is especially true when we compare it to using a credit card or a bank account number as a means of depositing where you are providing sensitive information to the betting site. While not fully protective of all unwanted security risks, the blockchain method with Ethereum does a better job in the anonymity department than other cashier methods.
Cost
The fees in relation to processing payments can be frustrating, but when betting with Ethereum, the cost in relation to payments is quite a bit cheaper. Cheques and wire transfers can sometimes cost up to $50, which at the end of the day affects your bottom line. Combine that with the fact these traditional cashier methods take much longer than when betting with Ethereum, and you have yourself a win-win situation here.

Cons

Fewer Options than Betting with Bitcoin
While there is little doubt that betting with Ethereum is on the rise, there is also little doubt at the moment that Bitcoin is still the powerhouse when it comes to betting online with cryptocurrencies. The trickle-down effect is that there are fewer sportsbooks that accept Ethereum, but simply visit the recommended betting sites above and this shouldn’t be too big of an issue for you.
Volatility
Like any asset that trades on an open market, Ethereum can be subject to ups and downs, or volatility, in its value. For example, if you profit from an online sports bet, but the value of Ethereum declines, you aren’t profiting as much as you think you are. Of course, this can also work the other direction as well. For some, the value fluctuations and simultaneous online betting can be too much to handle for some online sports bettors.
Unfamiliarity
While cryptocurrencies are on the rise in the online sports betting industry, the use of Ethereum and other cryptos are still very new to some. The suggestion here is to do as much research as you feel comfortable with prior to betting with Ethereum. There are certainly advantages to betting with Ethereum, but it’s certainly best to do your research prior to your first deposit to gain some familiarity with Ethereum.

Why Bet With Ethereum?

The pros and cons of betting with Ethereum are listed above, but let’s answer the straight-up question: Why bet with Ethereum?

Cost & Speeds

This is the main reason why I would want to bet with Ethereum, and other cryptos. The lack of fees and timely processing speeds are simply dominant when compared to tradition payout and cashier methods. If either of these two factors are a current source of frustration when betting with traditional dollars or other currencies, betting with Ethereum, or other cryptocurrencies could solve your woes.

Near-Anonymity

The information that is traditionally provided to the betting sites when depositing provides some security risk and is certainly not an anonymous process. When betting with Ethereum, the anonymity factor is increased due to the blockchain nature of the cryptocurrency. This isn’t to say that Ethereum is 100% safe, but it is certainly superior to traditional deposit methods in this department and is another major step forward in the online sports betting industry.

So, why bet with Ethereum? Keep more of your money (cost), receive your profits faster (speed) and bet with more safety (anonymity) than ever before!
About the Author
Kyle Eve profile picture
Kyle Eve
Editor-in-Chief
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Kyle Eve is Editor-in-Chief of The Sports Geek, providing reliable analysis for millions of readers since joining the team in 2012. After placing his first sports bet on his 18th birthday, Kyle has devoted his entire adult life to becoming the best bettor he can be. He’s covered some of the biggest sporting events in the world, from the Super Bowl and World Series to the NBA Finals and Kentucky Derby. Kyle lives in Windsor, Ontario.
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