There is no doubt that digital currencies are slowly taking over. Today, most gamblers and bookmakers prefer Cryptocurrency as opposed to the conventional currency. This is because they are secure, less volatile, anonymous and easy to keep track of. Besides Bitcoin, Ethereum is the second most used crypto coin in betting. If you are thinking of switching to Ethereum sports betting but wondering where to start, then today you have landed in the right place. In this article, we will give you step by step tips on how to bet with Ethereum.
Step 1: Get Ethereum
The first thing you need to do to bet with Ethereum is getting the coin. To get this digital currency, you need to register at an Ethereum exchange website, use an Ethereum ATM, or any other device that can convert your local money into Ethereum. The exchange process is simple and fast. In most cases, it usually takes a few minutes to buy Ethereum.
Step 2: Choose the right Ethereum bookmaker
Once you have acquired Ethereum, the next step is choosing a Bitcoin bookmaker that allows users to bet with Ethereum. The bookmaker that you choose is very important because it will determine your overall experience. If you want the process to be simple and stress-free, choose a bookmaker that provides a simple and secure Ethereum payment method. The bookmarker should also be reliable and trustworthy. Since this industry is still developing, it is quite difficult to differentiate between legit and scam bookies. Click here to get a list of best bookmakers for Ethereum sports betting.
Step 3: Transfer Ethereum to your bookmaker’s account
Once you have selected a bookmaker, the next step is transferring your Ethereum to your bookmaker's account. The process is simple and straightforward. Go to your wallet and click “transfer funds” then select your bookmaker account. Most bookmakers also allow their clients to buy Ethereum directly from the exchange or Ethereum exchange websites. Most users prefer this method because it is fast and simple. The transfer fee charge depends on how fast you want the crypto transferred to your bookmaker’s account. A higher fee means fast transfer while a lower fee means slow transfer. When transferring your money, please crosscheck your address because if you write it wrongly, then you will lose your assets forever.
Step 4: Pick bonuses and start betting
Once you have the money in your bookmaker’s account, you can use it to place your bets. However, before you select your bets, go to the bonus section to claim your bonus. Most top bookmakers offer bonuses and promotions to their first-time clients. We recommend that you consider bonuses and promotions when choosing a bookmaker. Choose a bookie that offers the best deal.
Step 5: withdraw your funds
Once you win your bets, you need to withdraw the funds. Depending on your bookmarker, you may withdraw your funds in Ethereum or in your local currency. The withdrawal process is simple and straightforward. You only need to click “withdraw funds” on your bookmaker’s account. Typically, the transfer process is instant, meaning that money will be credited to your bank account instantly. However, just like making a deposit, you have to pay attention to your wallet address when withdrawing funds. You will lose your money if you make a mistake. So, be careful!