Ethereum For 18+ Sports Betting

How Does Ethereum Work For 2024 Online Sports Betting?

Ethereum can be used for online bet funding the same way as any other cryptocurrency. However, the one hurdle or “learning curve” involved has to do with buying Ethereum in the first place. After all, you can’t participate in Ethereum sports betting if you don’t have any Ethereum.

Of course, it’s pretty simple to buy ETH, as all you need is an account at any online commercial crypto exchange. Once you sign up with such an exchange, it’s a good idea to track the current Ethereum price so you can buy in when the coin is trending low.

You can consult Ethereum price prediction services online to help with this, but it’s enough that you just buy some ETH when it’s a good bit under its all-time high (ATH).

Once you’ve followed the Ethereum news for a few weeks and have transferred some USD to ETH, you can keep it in your exchange wallet or move it to a private software/hardware wallet. Then, just follow the deposit instructions at your betting site of choice. The processes for ETH deposits and withdrawals are outlined below.

Ethereum 18+ Sports Betting Deposits

Once you have some ETH in your wallet, it’s simple to transfer it to your online sportsbook site of choice. Here’s the basic procedure for new members at the books we recommend:

1. Follow any link here to a top-rated 18+ sports betting site and click/tap on the “Join” or “Sign Up” button.
2. Enter in all the required information. Personal information must be verifiable, as the best 18+ sportsbooks use Know Your Customer (KYC) best practices. Your personal and financial data is never shared or sold, and all activity is secured by best-in-class SSL and TLS encryption.
3. Select the Ethereum deposit option and an optional bonus. You will receive your site’s Ethereum sending address.
4. Open your ETH wallet and select the “Send” option. In the recipient field, enter your sportsbook’s provided address and the amount of ETH you wish to transfer and submit the ticket.

Ethereum sports betting deposits take 30-60 minutes to process due to ETH blockchain verification times, which means you should expect up to an hour’s wait before you see your funds credited. There are no added fees (outside of built-in Ethereum fees native to the ETH platform), so you can keep more of your money when depositing with Ether. 

Ethereum 18+ Sports Betting Payouts

Getting paid out in ETH is as simple as depositing with the stuff, and the process works similarly to the above, but in reverse. Savvy bettors, of course, will time their withdrawals to coincide with favorable Ethereum predictions, pulling out their winnings when ETH is trending low.

This maximizes the amount of Ethereum coins they can get, and those coins will yield far greater payouts over the long term as the ETH value goes up. When sports betting, Ethereum payouts work like this:

1. Visit your 18+ sportsbook site’s Cashier page and choose to withdraw in Ethereum cryptocurrency.
2. Enter the amount you wish to withdraw.
3. Open your ETH wallet and select the “Receive” option. Copy the Ethereum receiving address your wallet provides.
4. Paste this ETH address into the appropriate field on your sportsbook withdrawal form, and submit the ticket.

Some books can take up to a day to process your crypto withdrawal request, but in most cases, this only takes a couple of hours. Once processed and approved, your payout will be sent to your ETH wallet and should show up within 30-60 minutes. Ethereum and other supported cryptos are the only ways to claim same-day payouts at the top betting sites for 18+ players.

Ethereum 18+ Sports Betting Bonuses

Cryptocurrencies – including Ethereum – give online sports bettors the best possible bonuses. Typical deposit options come with decent bonuses, usually in the form of a 50% match. However, when you bet with Ethereum, you’ll get much more bang for your buck.

Ethereum bonuses are worth anywhere from 2-3X more than regular online betting bonuses, and since they come with the same low rollover requirements, that’s just more (free) money in the bag!

At most reputable 18+ betting sites, you’ll be able to choose from these ETH/crypto bonuses:

• Ethereum Sports Betting Sign-Up Bonus
• Ethereum Sports Betting Reload Bonus
• Ethereum Sports Betting Event Bonuses
• Ethereum Sports Betting Refer-A-Friend Bonus

Remember, online sports betting promos are entirely optional at the sportsbooks we recommend. That said, because the bonus terms and conditions are so easy for most regular gamblers to meet, we suggest always accepting bonuses whenever they’re offered.

Buying Ethereum For Online Sports Betting

It’s easy to buy Ethereum, even for first-time crypto investors. The first step, of course, is to buy ETH at the right time and for the right price. Provided you pay attention to the Ethereum forecast – and provided the Ethereum current price isn’t remotely near its all-time high – you can feel confident that you’re getting in at a good valuation.

Remember, all you have to do is consult the overall Ethereum price history to see when you should and shouldn’t buy. With crypto, the benchmark is always the ATH, so as long as Ether is under that ether, you’re good to go.

Where To Buy Ethereum

In general, the best way to get ETH is to buy the altcoin through a licensed and regulated US-friendly crypto exchange. The following are the best online Ethereum exchanges where you can buy Ether using any supported fiat currency (USD, CAD, GBP, etc.):

• Bittrex
• Coinbase
• Coinbase Pro
• Coinmama
• eToro
• Gemini
• Kraken

Note: Most Ethereum exchanges will make new users wait 5-10 days before they can move their Ether off-platform. Please be sure to factor this initial lead time into your sports betting activities.

How To Buy Ethereum

Once you’ve signed up for one of the above exchanges, the process of buying ETH will be very straightforward. At your exchange of choice, you’ll need to link your bank account or debit card (as most sites do not allow investors to buy cryptocurrency with credit cards).

Once that’s done, you can either transfer funds from your bank in USD or another fiat currency and hold it on the exchange as such while you wait for the ETH price to be more favorable, or you can immediately buy Ether with your bank funds.

After that, there’s usually a waiting period before you can commence off-platform Ethereum trading to private wallets or services like legal 18 and up online sportsbooks. All crypto assets come with this built-in wait time for first-time users, and that applies to Bitcoin, Ethereum, or any other altcoin.

Mining Ethereum

One of the ways some players go about getting Ethereum is to mine it. However, this used to be more practical than it is today. Ethereum mining takes a tremendous amount of financial outlay on specialized computer hardware (namely GPUs), and the risk-vs-reward on ETH mining has diminished considerably.

If you want to get free Ethereum via mining, it can be done, but we don’t advise it. Still, for more information on how to mine Ethereum on Windows and how to mine Ethereum on Mac, there are numerous online primers that will get you started on the right foot.