This guide features the best Ethereum basketball betting sites in 2021.
All of these trustworthy sites make it possible to deposit and withdraw Ethereum with ease.
This article looks at the following aspects of Ethereum basketball betting sites:
The advantages of choosing them
How to find the best ones around
The top-rated exchange to use on Ethereum basketball betting sites in 2021
Let’s dive in.
Ethereum is the world’s second-biggest digital asset by market cap.
July 2015 is when Gavin Wood and Vitalik Buterin unleashed Ethereum on the world.
Ethereum is similar to the world’s biggest digital asset, but supporters claim it has better long-term potential.
As a basketball betting website user, you might find that Ethereum has the following pros and cons:
You benefit from reduced transaction fees when compared to fiat
You don’t need much patience with Ethereum because a transaction only takes 12 seconds
You enjoy excellent levels of privacy and security when using Ethereum
The lack of fixed transaction fees makes it challenging to determine how much a transaction costs you on each occasion
You’ll find that using Ethereum reduces the number of basketball betting companies you can use
The lack of regulation surrounding basketball betting sites that accept Ethereum means you must show caution when depositing Ethereum on any basketball betting site
Curious about ETH basketball betting sites, but still looking for reasons to take action?
We’re sharing several reasons why they are worth your attention.
Fiat currencies are fast becoming yesterday’s news.
Inflation reduces their value every day.
Governments prefer these centralized currencies as they help them keep control over the financial system.
Banks decide if and when you can or can’t use them.
Fiat currencies are not the future.
Ethereum is the new money in 2021.
You can exchange Ethereum without intermediaries.
You don’t have to concern yourself with payment gateways.
You keep the traditional banking system out of the loop.
Once you use a convenient VPN, registering an account with a Ethereum basketball betting company becomes easy.
You can now start using sites that generally don’t allow users from your country.
In any case, some end-to-end basketball betting sites accepting Ethereum allow punters from almost every country in the world.
Disclaimer: We do not encourage any activity that is against the law. Using basketball betting sites that don’t allow people from your country involves risks. One of them is the possibility of losing your entire stake after having your account suspended.
You might know that banks don’t appreciate online basketball betting websites.
Banks can cause problems for anyone who uses basketball betting sites. They have even turned down the mortgage applications of many individuals for that very reason.
This can happen even with moderate usage of basketball betting websites.
Here’s the thing about ETH basketball betting sites, you can use them without your bank ever finding out. Therefore, your activity remains a secret.
Indeed, you can enjoy complete privacy unless you feel like talking about your hobby.
When wagering on standard basketball betting websites with fiat currencies, you are wasting an investment opportunity.
With fiat currencies, you lose purchasing power every minute.
When using a Ethereum basketball betting website, the amount of Ethereum you hold will probably increase in value.
If you’re anything like us, you have had issues trying to deposit money on basketball betting sites.
One of us even got his bank account frozen for an entire month.
Why, you ask? Well, he made deposits with a credit card on basketball betting sites.
However, the UK added a new regulation in April 2020 without him realizing it.
He even received a warning from the bank and had to promise not to deposit on basketball betting websites anymore.
Ethereum ensure that your bank never needs to get involved again.
Many online basketball betting websites accept Ethereum . The trouble is, most of them offer fairly poor services.
Old-fashioned design, inefficient customer service, slow payouts, and much more.
The best ETH basketball betting sites, on the other hand, are designed for the modern user. Therefore, they adopt better technology and respect their audience.
This translates into better, more competitive, and safer ETH basketball betting sites overall, with better payments, more frequent promotions, higher-quality support, and more.
Financial regulations limit standard basketball betting websites. This is why they are so slow and inefficient.
That’s why, on these basketball betting sites, your deposit and withdrawal amounts are very limited, with slow transactions.
Although the best ETH basketball betting sites are regulated (by the Curacao Gaming Authority most of the time), they are subject to less financial regulation.
This means you could receive immediate payments and limits you can live with.
We have found a few top ETH basketball betting websites that have NO limits on deposits and withdrawals, and you get your money almost instantly. You never get this kind of service from a traditional basketball betting site.
Bear in mind that blockchains take a certain amount of time to process transactions, but it is still a fast process.
The popular game of basketball was developed by James Naismith in 1891.
Today, it is a sport enjoyed by millions of people all over the world.
ETH basketball betting platforms have followed traditional basketball betting platforms by providing an exciting selection of basketball markets.
While most people associate basketball with the NBA, there are many other great leagues to choose from.
You have the option to make this a simple bet by choosing the side you believe will win.
Almost always, one team is deemed stronger than their opponents, and their price to win is shorter.
The favorite is expected to win by a certain number of points, called the spread.
If you think the underdog won’t win but could go close, or the favorite will win easily, you can take them to beat the spread.
Imagine the Detroit Pistons are expected to beat the Houston Rockets by nine or more points; the spread is -8.5 in this case.
One possible bet is to accept this spread, or else you can back the underdog on the +8.5 spread.
This means you win if the underdog loses by eight points or less or wins the game.
If you think the game is a mismatch or is likely to be closer than expected, this market is ideal.
It provides you with multiple spread wagers at various odds ranging from quite long to extremely short.
When you select this market, you place Ethereum on the combined total of points from the two teams in the game.
Ethereum basketball betting websites typically offer a standard money line and several other options.
Most basketball betting sites that accept ETH also provide a market on the number of points scored by either team.
If you want a quicker outcome when you bet, consider markets relating to halves or quarters.
For example, you can look into points scored in the second quarter or first half.
You can also back team A to score a certain number of points or win by a specific margin per half or quarter.
Finally, check out the options revolving around individual players.
It is common practice for ETH basketball betting websites to offer markets on a big name such as LeBron James.
Not all exchanges allow their clients to transfer funds to/from ETH basketball betting sites.
They will keep your money and shut down your account if they catch you using them to deposit on ETH basketball betting websites.
And trust us, they can find out if they want to. But how?
The leading exchanges utilize sophisticated blockchain forensics software to identify relevant blockchain transactions.
And the software is very efficient, to the point that we already received notifications from a few exchanges.
So, what exchange should you use to deposit on ETH basketball betting sites?
For our money, Binance is the right option.
Not only is it the biggest exchange in the world; it has never had any policy against basketball betting sites that accept Ethereum, ever.
As well as being the biggest, it is also the best exchange: it offers low fees, rapid withdrawals, excellent security, more currency pairs than other exchanges, and much more.
Set up an account on Binance, and you’ll discover that depositing funds and wagering on any reputable ETH basketball betting site is effortless.
People who enjoy sports betting are moving towards ETH basketball betting sites with greater frequency.
They know their activities remain hidden from the bank and everyone else!
Ethereum basketball betting platforms provide as many sports markets as traditional basketball betting websites.
ETH basketball betting companies not only offer countless daily markets, but they also give you the chance to stake Ethereum on huge events such as the World Cup.
Punters now understand that they receive better value for money on ETH basketball betting site markets than almost anywhere else.
If that isn’t enough, Ethereum basketball betting platforms also provide the following benefits:
Minimal transaction fees
Lightning-quick deposits and withdrawals
Better bonuses and promotions
A high level of security
Easy registration with minimal personal information required
Ultimately, with Ethereum basketball betting websites, you get the gaming experience you always wanted from other basketball betting platforms but could never get.
The electronic sports industry is now a billion-dollar sector that attracts an astonishingly large audience of over 450 million.
Tournaments take place virtually every day and involve elite gamers.
Although eSports will not feature prominently in the 2024 Olympic Games, many experts believe it is a matter of time before they get Olympic recognition.
Initially, regular basketball betting companies dominated the eSports markets, but ETH basketball betting platforms are catching up fast.
If you want to learn more about electronic sports, it is best to perform research so you can identify the best individuals and teams.
There are plenty of important tournaments featuring games such as Overwatch, FIFA, and League of Legends.
eSports markets are often very similar to other sports and may include tournament winner, over/under, and half markets.
There’s no question that eSports are here to stay, and Ethereum basketball betting websites continue to increase their exposure.
Here are some essential factors when looking for the best Ethereum basketball betting company.
Don’t make the mistake of registering and adding money before finding out that you’re not allowed to do so in your country.
Legit ETH basketball betting websites will not allow you to register an account and deposit funds if you’re visiting the website from one of their restricted countries.
Unfortunately, this isn’t always the case. Some low-grade ETH basketball betting sites enable you to register and put money into your account, and all seems well until you enjoy some success and try to withdraw the money.
At this stage, such ETH basketball betting sites will ask for verification. But, of course, once you try to go through the process, you’ll find that you can’t use the site legally and lose all your money as your account is blocked.
That’s why you must make sure the ETH basketball betting sites you choose accept users from your country.
If you want to proceed with a basketball betting company that prohibits your country, focus on ETH basketball betting sites known for being honest.
Good Ethereum basketball betting sites that act fairly and will likely return your funds if they catch you.
Stake is a fine example of such ETH basketball betting website.
There are several things to note when looking for a high-quality Ethereum basketball betting site, including reputation.
You can benefit from rapid Ethereum transactions with minimal fees because there’s no central authority red tape.
It is mainly a good thing, but one downside is that your Ethereum transaction is final.
Without the “protection” of a central authority, you can forget about a refund if ETH basketball betting sites are dishonest.
Therefore, it is essential to pick Ethereum basketball betting sites known for their legitimacy.
Our assessment of the best ETH basketball betting websites therefore includes a particular focus on their reputation.
To save yourself some time, have a look at our ETH basketball betting websites reviews to make sure you only bet on safe ETH basketball betting websites.
It is essential to find ETH basketball betting companies that help you manage your transactions, and we typically take the following factors into account in our ratings.
Not all basketball betting sites provide the same ways of depositing and withdrawing your funds.
Keep your options open by selecting a site that lets you deposit or withdraw in several ways.
The Ethereum market doesn’t ‘pause,’ and top-ranked ETH basketball betting sites know this.
In this matter, speed is king. If an opportunity arises, you’ll want to get access to your Ethereum quickly. For example, you might find something interesting on another Ethereum basketball betting website.
While some basketball betting sites with Ethereum process withdrawals immediately, others can take hours or even days.
The quicker the ETH basketball betting site processes your withdrawal, the better.
Traditional basketball betting sites have important restrictions in terms of payout.
Most of them can’t pay more than the equivalent of $10,000 per month.
Top Ethereum basketball betting websites don’t have important restrictions.
Yet, there are ETH basketball betting sites that only allow you to withdraw small sums.
Why? Because they can’t afford to pay significant amounts of money in one go.
In contrast, the best ETH basketball betting sites let you withdraw as much as you want. Stake falls into this category.
Therefore, it is wise to use safe Ethereum basketball betting sites with no withdrawal limits, especially if you bet big.
There is no question that end-to-end ETH basketball betting sites are very different from standard basketball betting websites. So let’s look at each option.
Once you put your money into standard basketball betting websites that happen to accept Ethereum , you’ll find that it automatically becomes fiat.
The same will happen when you withdraw (if they offer Ethereum as a withdrawal method); they will convert your fiat back into Ethereum .
Not only do these transactions incur fees, but it also means you no longer hold Ethereum while your funds are on the site.
If you strongly believe in Ethereum , it makes no sense to convert them into fiat. Therefore, you should stick with end-to-end ETH basketball betting websites.
For one thing, you can deposit or withdraw using many different digital assets on such Ethereum basketball betting sites.
They also make it possible for you to use Ethereum directly.
With these Ethereum basketball betting websites, you get the benefits of using Ethereum , including:
The ability to deposit and withdraw large amounts
Of course, not all end-to-end ETH basketball betting sites offer all these benefits.
An end-to-end basketball betting site that accepts Ethereum only has the potential to do it; there is no guarantee.
You’ll discover that only the top ETH basketball betting websites care enough about their customers to provide these advantages.
We divide these benefits into three parts.
Most ETH basketball betting sites offer welcome bonuses.
These offers often make it seem as if you’re getting a good deal.
Is there a catch? Yes.
These bonuses have heavy strings attached.
Many of them include wagering requirements (generally 30x to 60x your deposit) and have very restrictive terms.
Most of the time, it’s best to choose ETH basketball betting sites that offer great promotions and VIP perks as they are much more valuable than the welcome bonus for 99% of users.
In general, standard Ethereum basketball betting sites provide poor-quality promotions.
Instead, they focus on bonuses because they know most people will never meet the requirements.
The best ETH basketball betting sites offer modern services, and as a result, offer a lot of great promotions.
These promotions not only keep the game fun, but they will also add a lot to your balance at the end of the month.
Good ETH basketball betting sites are aware of the need to provide VIP programs worthy of the name.
After all, it is a great way to keep you entertained.
However, too many companies don’t bother.
When done right, a VIP program can significantly boost the level of enjoyment.
That’s why we strongly recommend only the most legit ETH basketball betting sites with clear terms for their VIP program that offer generous rewards to their most loyal users.
Without a high-quality customer service team to contact, you’ll become frustrated if you have any problems.
This point is even more valid for beginners on ETH basketball betting sites.
When determining the best Ethereum basketball betting sites in 2021, we tested and rated each site’s customer service quality so you don’t have to.
ETH basketball betting sites are legal most of the time; however, the exact answer depends on your country of residence.
It isn’t clear-cut because it depends on Ethereum and basketball betting website law in each jurisdiction.
Although Ethereum is legal or tolerated in most countries, regulators are generally more severe with basketball betting websites.
Yet, there are good ETH basketball betting sites that let you register even if it isn’t legal in your country.
If you have a VPN, your transactions are out of the glare of a centralized authority, which means regulators have their work cut out.
Yes, you can because of how Ethereum addresses work. These are created privately by your wallet, and there is no other information that outlines where your Ethereum are stored or any location you send them to.
As a result, you can maintain secrecy by using a new address every time you receive payment. Another tactic is to use several wallets, each one for a different reason.
It varies from a couple of minutes to an hour, depending on several factors, including the Ethereum network.
There are numerous Blockchains involved in the transaction confirmation process, and they occasionally become overwhelmed.
You must pay an extra fee if you want to avoid having your transaction delayed by the Blockchain queue.
The withdrawal process goes through the same procedure as when you deposit. However, the majority of ETH basketball betting websites also have to authenticate the action manually.
The time it takes varies depending on the ETH basketball betting site. Some sites go through a long validation process which takes days. Others don’t complete this step and ensure your withdrawal happens as quickly as a deposit.