Who should use this guide?
We here at Wetten.com think this guide will be helpful for a multitude of players. First of all, anyone interested in using crypto for gambling will find this guide extremely helpful and informative. Since its inception in the last decade, cryptocurrency has grown in popularity as an investment tool for many people across the globe. However, investment is not the only characteristic of cryptocurrency that is useful.
It can also be used to purchase products or pay for services. Online betting operators also know this, so esports betting with Ethereum has become exceptionally popular amongst bettors. But it’s not only Ethereum. Esports betting with Litecoin is also a massive industry that we discuss. If you’re new to using Ethereum for sports betting or esports betting, then you’ve arrived at the right place. As this is a relatively recent phenomenon, you would benefit from getting some crypto tips and tricks from our guide.
Ethereum – the best alternative to Bitcoin
Ethereum was born in the mind of a 17-year-old engineering student called Vitalik Buterin. He was fascinated by blockchain technology and co-founded Bitcoin Magazine in 2011. Buterin had the vision of a different use for blockchain technology, where it would serve as more than just for trading cryptocurrency. He published a white paper on what would essentially become Ethereum back in 2013.
Buterin and the other co-founders of Ethereum used crowdfunding to raise about $18 million in 2015 to help develop what would essentially be Ethereum. The first version of Ethereum was launched in the same year, called Frontier. In 2016, the crypto received some negative publicity when a hacker managed to steal $50 million of Ethereum from the blockchain, which did raise security concerns from investors.
However, Ethereum grew by leaps and strides in 2017 and continued to go from strength to strength after the first setback. Many regard Ethereum to overtake Bitcoin in the coming years because of the versatility of the crypto. Ethereum is decentralized and isn’t regulated by any government or banking institute, providing many benefits to users. However, several governments have received calls for regulation; it has been met with staunch resistance.
What we look for when esports betting with Ethereum
Our crew of experienced bettors have certain things we look for in an operator. These criteria will show us if an operator is worth a try, or if we should steer clear and move on to the next one. We decided to share some of these guidelines with you to help you make a good choice when picking the best Ethereum betting sites to use for your gambling entertainment.
Safety standards are crucial
To find the best operators to do esports betting with Ethereum; we like to see that the operator looks after the player’s safety first and foremost. But you’re not actually at the casino or sportsbook. What do we mean by safety? We are, of course, referring to the safety of your private and confidential information, usually meaning your payment information. A good start for an operator will be to show us their papers. By papers, we mean SSL or Secure Sockets Layer certificate. The SSL certificate guarantees that your information, when sent to the operator, is encrypted and that it cannot be hacked. It provides the player and house with guarantees and dispels their fears. The SSL certificate is indicated by a small “lock” icon next to the URL at the top of the browser.
Is your operator regulated?
Another vital thing to look out for will be to see if the proper authorities regulate the esports or sports betting operators. In Canada, each provincial authority regulates sports betting in the province. If you want to do esports betting with Ethereum, we will investigate to see if the operator has the proper licences, which shows there is a regulating authority.
The best Ethereum casinos and betting sites will have the proper regulatory authority. If an operator is unregulated and operating illegally, they could take any funds that you deposit and run. There would be no recourse for you as a player to get your funds from the scammer as there is no regulating authority. We must certify that the operator is regulated and on the up and up.
How do the bonuses compare?
A good operator should offer a great bonus or bonuses at least. We usually start by searching for an amazing welcome offer, whether it is a deposit match bonus, no-deposit bonus, or a risk-free bet bonus. We’d love for Ethereum to be eligible to activate the bonus; obviously, that would give the operator some more points in this context.
We also like continuing promotions and bonuses for existing customers on the sportsbook to keep things exciting for players. It could become boring when esports betting with Ethereum if there are no promotions or bonuses on offer. Bonuses should not have over complicated wagering requirements, especially if they want to appeal to beginner players.
Customer service should be top-notch
One thing we despise here at Wetten.com is bad customer service. Yes, even when making wagers on a sportsbook, you should have access to superior customer service. It’s your money at stake, and if you cannot make a bet, get an Ethereum payout, or deposit your crypto, you must have instant access to knowledgeable customer support consultants. The best Dogecoin casino should have multiple methods available to the customer to contact them. The same goes when you do esports betting with Ethereum, as we would look for a phone number, email address, and a live chat function that puts you in contact with a human consultant instead of a bot.
Look at some user reviews
Even though we make up our minds when reviewing operators, we take many factors into account. It does, however, help if you go and take a look at some user reviews. If you go through these reviews, it will give you an indication more or less of the experience offered by the sportsbook. If you take all the reviews into account, and there is a below-par score on most of the reviews, you’ll get an idea of the issues that plague the operator. We’re not saying that all reviews will be perfect, but they should be over a certain level. User reviews are a good benchmark of the performance of the operator.
Top Ethereum esports betting sites
It’s difficult finding the right operator for you
When you have found an operator that is worth their salt, it doesn’t mean that it’s the right operator for you. Some personal preferences come into play when deciding if this is your operator. Here are some things to take into account when deciding on the right sportsbook operator. You can find many of these reviews and guides to help you find the perfect fit on Wetten.com.
What games are on offer
If it’s esports that you’re after, you need first to check if this option is on offer from the sportsbook of your choice. Not all sportsbooks have esports as standard as it is quite a niche market. If you want to do some esports betting with Ethereum, you should establish that the sportsbook offers esports. If esports is the only thing you are interested in, some bookies specifically cater to esports, such as DOTA 2, Counterstrike, and Diablo 3. You should do more digging to see if your favourite game is available on the platform.
Does the operator offer live streaming?
If you are someone who places bets and then forgets about them until the game is finished, or you take a more casual approach to sports betting, it won’t be such a big issue. However, if you would like to follow the action as it happens, you would most likely want a bookie that offers a live streaming service of the major esports or sporting events. Some operators would even provide commentary and forums that are updated in real-time with the match taking place.
Does the operator support other crypto payments?
Most crypto enthusiasts would not only hold Ethereum but would probably have multiple wallets with some Litecoin, Bitcoin, Dogecoin, and many more. If we’ve just described you, then this is something you need to look for in your operator. If you want to use other cryptos to deposit and withdraw, pick an operator which supports multiple cryptos. Some Bitcoin sports betting sites also support Ethereum, Litecoin, and Cardano payments. Crypto bros should be on the lookout for these operators instead of those that just support one. There are numerous sports betting sites that accept Ethereum as it is such a mainstream cryptocurrency.
Five tips on how to maximize your experience
It’s happened. You’ve found the bookie where esports betting with Ethereum is all the rage. Now, how can you make your experience truly memorable? What can you do to get full enjoyment? We’ve put together a list of five things to remember which will help you make the most of your gambling adventure.
It can be easy to lose track of time when you first start esports betting with Ethereum, as it can be so much fun. Who hasn’t spent hours watching live matches in tournaments? Now, just as easily as you lose track of time, you could lose track of your spending. So always keep a diary or ledger of your crypto gambling habits. When you gamble with crypto, there can be a tendency just to bet away and forget that you’re actually using some of your assets. Set a limit on your crypto wallet to ensure that you stay within your budgetary limits and don’t overdo it with your Ethereum.
Join a community of gamers
We all know how much fun it is to play multiplayer games online. Most likely, many of you got into esports in the first place, because gaming is so much fun. In the same way, you interact when you play a multiplayer game, you can interact with other players who use the sportsbook. If you do a little searching, you’ll find a subreddit or a Discord server dedicated to esports or the bookie in specific. Here, you can discuss upcoming matches with others and get some viewpoints and opinions about possible outcomes from other players. You can talk strategy and get the input of some experienced players, most of whom would love to share their knowledge with you.
Do some research before the match
Esports are as much a sport as football or ice hockey. If you take your sports betting seriously, you normally do proper homework to prepare yourself for wagering. It would include chatting to others on forums, reading social media, or maybe watching a replay of the last couple of matches the players or teams played. You should do the same thing before making any bets on esports. Many of the same factors come into play with esports, such as a player’s form or history against another player, and so forth. The more informed you are about the upcoming match and the players participating, the better chance you give yourself to make a great bet.
Many bookies and casinos offer tournaments as promos that run concurrently with real-life tournaments. Think of the World Cup Football. Usually, most bookies have tournaments that coincide with these real-life tournaments. We suggest participating in these tournaments as they bring a whole new level of excitement to esports betting with Ethereum, as you are not just playing against the house but also against other players for the chance of a possible jackpot. Competing against other players elevates the excitement in real-time and will keep you coming back for more.
Give other games a chance
We’ve all got our favourite games that we like to watch and play, be it DOTA 2, Counter-Strike, Fortnite, or PUBG. Obviously, there is nothing wrong with betting on your favourite game, the one you know the best. However, we would challenge you to walk on the wild side and try to see if you can learn another game to play. Get your hands on one of the other games, and learn it.
Then, the next step will be to try and follow a few Twitch streamers and study their tactics and strategies. After this, you can make some bets on the game to see if you have a shot. If you only stick to one game, there is always the possibility that you could become bored, and the experience won’t be as enjoyable.
Is esports betting with Ethereum worth a shot?
Both of these are new concepts. On the one side, you have cryptocurrency, which is only about a decade old and has only been used for gambling in the last couple of years. Then you have esports on the other side, which is also a new concept.
Gamers competing against each other on a professional level have become so insanely popular that esports betting was sure to follow not long after. We think that this is a match made in heaven. Using crypto to bet on esports or other sports on a sportsbook will definitely appeal to a younger generation of bettors and breathe new life into the industry.
Our website provides numerous reviews and guides to assist you on your esports betting journey. We don’t stop there; we also check out all the main crypto used for betting, such as the ever-popular Ethereum. Check back and use our guides to assist you with a choice of the operator in Canada that will suit your needs perfectly and also give you some tips on making your gambling experience awesome.
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Esports betting with Ethereum FAQ
👮Is online sports betting with Ethereum possible in Canada?
Ethereum is an extremely popular cryptocurrency sold and traded on almost all major crypto exchanges. Numerous crypto exchanges available for Canadians also provide Ethereum as an asset. Numerous bookies have followed suit and supported Ethereum as a payment option. You can read more about it in our reviews.
💲How can I buy some Ethereum?
You need to go to the appropriately regulated crypto exchange if you’re looking at trading in Ethereum. Opening a crypto exchange or wallet account takes certain steps and requires documents. Our reviews detail this process, and you can refer back to them anytime if you want to learn more.
📈Is Ethereum better than Bitcoin?
Bitcoin was developed first, and it has different characteristics than Ethereum. Therefore the answer to this question is subjective. Some elements of Ethereum would be more attractive to an investor than certain features of Bitcoin. To find out more, you can read our guides to see the differences between the two.
