Online Sportsbook Deposits With Ether
Ethereum might not be the most prominent cryptocurrency, though it remains among the popular for crypto speculators and investors since its debut on the scene in 2015, but Ether deposits are quickly gaining steam as one of the preferred means for bankrolling an online betting account. There is little doubt that Ethereum (or Ether for short) is one of the best thought out of all the so-called “altcoins,” as it represents a continuum shift in the way developers and, in our case, sports bettors, think about cryptocurrencies. More so than even the dominant player in the digital currency segment (that being Bitcoin), Ethereum’s claim to fame are smart contracts which insure fair play at all ends along the blockchain, which makes it perfect for online wagering. This in turn drives much of the interest in Ether deposits at popular legal sports betting sites around the world and makes it the subject of our crash course to using this popular altcoin as a method for bankrolling you wagering account.
Are American Players Able To Deposit With Ether?
American players are able to deposit with Ether just as easily as they can by way of any other cryptocurrency, but there is a caveat. Though the mechanics of actually clicking through the menus, selecting Ether as your sportsbook deposit method and finalizing your deposit are the same with Ethereum as other alternative cryptos, what sets Ether apart is – unfortunately – a somewhat decreased availability of sites that actually accept it. The simple fact is that American players can deposit with either, but your sportsbook choices will be reduced compared to sites that accept Bitcoin (the standard bearer for the whole cryptocurrency marketplace). That being said, if you stick to the sites like BetOnline, SportsBetting or BetDSI you won’t have any trouble, and because these sites are such flagship examples of what a great legal online sportsbook can be you won’t notice any drop off in service compared to their Bitcoin-only rivals like Bovada sportsbook.
One of the best reasons to get into using Ether deposits is just how easy it actually is to get ahold of a stock of Ether for your needs – and not just for sports betting. In fact, the route most people use to start their journey into the world of cryptocurrency buying, trading and speculation is the most commonly utilized method for acquiring Ethereum. That route is simple to head over to the leading cryptocurrency exchange in North America, Coinbase.com.
All you will need to do is create an account at Coinbase with a new username and password, log into your account, add a payment account (most folks connect their account with either a credit card number or a bank account routing number for the sake of convenience) and wait for your account to synch up with Coinbase’s servers. Once that’s done, you will be all set to start buying Ether after you select the “Buy Ethereum” option and click the nearby button marked pretty obviously as “Buy.” From then on you just have to wait a short while – usually you will receive a fraud prevention call or text message in the meantime – and the Ether amount you chose to purchase will show up in your coinbase wallet.
How To Place Bets Using Ether
Now that you have some Ether and its safely stored in either Coinbase’s auto generated wallet) it’s time to place bets using Ether. However, before we go on, we should point out that if you have bought a large amount of Ethereum, it is recommended that you use either a paper wallet or download an external wallet on your computer so that it’s harder for hackers to get ahold of your money. All you’ll need to do to make bets with the Ethereum that you have in in your wallet is to log in to your sportsbook of choice (which is going to be limited to BetOnline, SportsBetting or BetDSI) and select the sport from the list or menu provided by the sportsbook. Once you’ve done that and you’ve clicked through whatever buttons needed to lock in your bet from the betting lines provided, you just need to select the Ether option from the payment type so that the sportsbook’s show runners can deduct the amount of your bet from your wagering account.
Ether Deposit Speeds
Another great part of using this method for making deposits is that, as is the case with all cryptocurrency options, the Ether deposit speeds are as close to instantaneous as possible given the current constraints of modern technology. Ether deposits are faster than practically every other method available to online sportsbooks because, for one thing, Ether - like all cryptocurrencies – is not subject to any governmental or financial regulation and exists entirely in the digital realm (hence the name “ethereum,” which literally refers to the wisps of air in the upper atmosphere). That means that the sportsbook can usually process and complete your deposit transaction in minutes, though in some rare cases it might take up to 24 hours before you get enough sign offs on the block chain to verify the transaction. But those instances are so uncommon as to be the odd exception to what is otherwise a borderline instant process.
Ether Deposit Limits
If you’re worried about not having a sufficiently high top end for your deposits, then using Ethereum as your bankroll method of choice is a great decision. That’s because Ether deposit limits at the legal offshore sportsbook sites that accept this altcoin are some of the highest available for any deposit option. BetDSI, for instance, offers a maximum daily deposit limit of $50,000 using Ether, while BetOnline and SportsBetting (which are sister sites, both based next door in Antigua in the Caribbean region) are half as high at a still impressive $25,000 daily maximum. Ethereum also has some of the lowest daily minimum deposit limits too, so don’t worry if you only want to make a small supplementary wager: BetDSI’s minimum limit for all cryptocurrencies is $25, and BetOnline and SportsBetting have an even lower $20 daily minimum limit, making this the easiest method to use by far.
Ether Deposit Fees
The good news just keeps coming when it comes to making Ether deposits, is that there are absolutely no extra fees associated with bankrolling your wagering account that way. It really makes the case for altcoins and cryptocurrency in general being the preferred means of making sure your account is loaded up and ready for wagering. Ether deposit fees aren’t expected to be implemented as there is no cost to the sportsbooks to convert Ethereum into other cryptocurrencies, and many similar businesses in the sports betting industry doing business with international customers are moving to crypto for this reason.
We’re winding down our assessment of Ether deposits, but we would be remiss if we didn’t tell you at least briefly about the Ether deposit bonuses at online sportsbooks. The leader in this regard is BetDSI, which offers a whopping 200 percent bonus regardless of the deposit method you use to bankroll your account, but the exact limit of the deposit required to activate that bonus code will be limited to amounts up to $2,500 for account reloads, though there is a 50 percent welcome bonus for using the sportsbook (and another 50 percent match for the BetDSI casino) on offer for first time depositors. BetOnline and SportsBetting are a lot more straightforward when it comes to Ether deposit bonuses – the bookies there offer their customers a 100 percent cash match on deposits up to $1,000 for cryptocurrency account reloads, but the details aren’t so clear as to whether that offer can be stacked with other bonuses. It is recommended that you check with the customer service department at the sportsbook if you have questions.
As we have mentioned previously, there are only three reputable online sportsbooks that we recommend for our USA based readers that actually accept Ether deposits. Ethereum hasn’t caught up to Bitcoin as the most commonly used cryptocurrency for online gambling yet, but we feel like it is only a matter of time before that happens, given that the smart contract basis of Ether’s platform makes it ideal for all overseas business transactions. This is particularly true of online sports betting, as there are so many restrictions unfairly placed on the practice by US federal laws like the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). If you are still on the fence about which legal offshore sportsbooks to use, check out our reviews for two of the leading operators in this segment, BetOnline and BetDSI.
Best Odds On Sports Of All Ether Sportsbooks
BetOnline is one of the most highly recommended choices for bettors looking to make deposits using Ethereum, but that isn’t due to particularly high deposit limits (though they are no slouch in that department at $25,000 per day) nor does it come down to an especially massive bonus offer (100 percent for deposits up to $1,000 ain’t bad though!). Nope, what sets BetOnline apart among sportsbooks that accept Ether deposits is the same thing that makes it stand out in general: that would be the amazing variety and the incredibly competitive odds on every sporting event imaginable. There is pretty much no sport (and certainly no major sports, professional or collegiate) that BetOnline isn’t offering action on, and many other sportsbooks around the web don’t seem too concerned that they seem to base their odds off the work down by BetOnline’s handicappers either. If you want the best odds on sports of all Ether sportsbooks, then look no further than BetOnline.