Best Ethereum Bookmakers 2021
Ethereum – Widespread but Also With Multiple Bans
Ethereum is a decentralized, cryptocurrency-based open-source blockchain payment method that serves to fund your online account on the best sports bookmakers in addition to trading as a digital currency on exchanges. The payment system has been operating since 2015. Given it has its own native currency (Ether, short ETH), the Ethereum service allows you to open an account, more precisely an e-wallet, where you can store it. There are 19 countries in which Ethereum is banned or its use restricted.
Account Top-Up Enabled in Only One Way
To create a new Ethereum e-wallet (mobile, software, or hardware), complete the steps on the list: go to the app store (iOS) or to Google Play (Android), download wallet, open the app and write down your 24-word recovery sentence, set a strong password, add ETH to your wallet, and use your receiving address to get ETH. Users can top up their Ethereum accounts only by sending ETH to ETH address:
• Open the exchange website
• Under “Wallet Balance”, select “Deposit”
• In the “Currency Type” field, select ETH
• Copy the account address shown (this address will be permanently associated with your account)
• Find “Buy” section (use debit/credit card to buy your ETH)
• Open the external wallet you would like to send from, enter the unique address associated with ETH you intend to send, and select “Send”
The process for withdrawal of ETH is as follows: open the exchange website and under “Wallet Balance”, select “Withdraw”. In the “Currency Type” field, select ETH. Then under the “To” field, specify the external wallet address you would like to send ETH to – funds can be withdrawn into other cryptocurrency or traditional money (via bank wire transfer to a bank account). Finally, enter the amount you would like to send, then select “Withdraw”.
Ethereum Benefits for Sports Betting
The procedure of depositing on the best Ethereum sportsbooks is considered rather easy. You will first have to select the amount that you wish to deposit and then you will be sent an ETH transfer request from the bookmaker itself. You then send the ETH to the bookie and it will appear in your account (usually in US dollars). As a withdrawal option at bookies, Ethereum is used by logging in to your bookmaker account, opening the “Cashier”, selecting “Withdraw”, and choosing ETH. Above all, the biggest benefit of using Ethereum for sports betting is the same benefit held by most cryptocurrencies: betting without the need to enter personal information or to provide proof of identity to the Ethereum betting site that you choose to use.
Unlike Bitcoin, legitimate Ethereum betting sites make up a small percentage of the online betting market.
ETH is far more cost-effective compared to other methods when it comes to payouts (bank wires usually cost $ 50 to send out).
Withdrawals of ETH are processed 7 days a week at regular intervals throughout the day. This means a withdrawal can usually be sent in as little as 15 minutes.