Ethereum Betting Review
As a cryptocurrency, Ethereum has grown tremendously in appeal over the years. In fact, the coin is next only to Bitcoin in terms of popularity of use. Among many other applications, digital currency has found use in the online sports betting market. Indeed, Ethereum betting sites are constantly growing by the count.
In this post, you will get to know about the safety and legal status of Ethereum-based sports betting in the US. You’ll discover the deposit process as well as the pros and cons of betting with Ethereum. Finally, you’ll uncover some leading alternatives to Ethereum on betting sites. Read on for a complete review of Ethereum sports betting sites.
Can I legally bet with Ethereum at betting sites in the US?
Yes, you can legally bet with Ethereum at betting sites in the US. In fact, avid sports bettors love using Ethereum for their transaction needs on betting sites. So, you can take advantage of all the speed and security features of using the currency. Most notably, your transactions are anonymous, as with using any crypto method. You can also get access to exclusive games if you choose to try online casinos with Ethereum.
Is Ethereum betting sites in the US safe to play at?
Yes, Ethereum betting sites in the US are safe to play at. In fact, Ethereum sports betting sites bring the very best in terms of security and anonymity features to bettors. For starters, there is no record of transactions except on the Ethereum blockchain. Moreover, this recording takes place only when funds actually move from one wallet address to another. For instance, this happens when a bettor chooses to make a deposit.
Secondly, there is no involvement of a third party in the transaction. Last, you do not need to provide your personal information at any point during the transaction. You only need to use the number you receive upon signing up for a wallet. If needed, you can change that too after making a transaction.
How to make a deposit with Ethereum on a sportsbook
Making a deposit with Ethereum on a sportsbook is a detailed but simple process. You must observe the steps below for a smooth deposit.
Pros of betting on sports with Ethereum in the USA
Using Ethereum on betting sites comes with lots of upsides. Below, you can review the important ones briefly.
The downsides of using Ethereum at US sports betting sites
Even as Ethereum is extremely attractive for use on betting sites, there are a few cons to it. Below, you can briefly catch up on the main ones.
Alternative cryptocurrencies you can use on US sportsbooks
While Ethereum is a great choice of payment method for online sportsbooks, it is not the only one. Below, you will find the leading crypto alternatives to Ethereum on betting sites.