Search
Close this search box.

Ethereum Crypto for Esports Betting – Worth the Risk?

ethereum-3660218_1920

Ethereum: Is It an Effective Crypto Option for Esports Betting?

Thinking of cryptocurrencies for betting, Bitcoin is the most common name that pops up since it was the first to be launched and is renowned even today. Although bitcoin does avoid interference from financial institutions associated with fiat currencies, it is not the most convenient, easy currency to use. Wallet fees come at extremely high costs during busier periods and transactions might take multiple hours for processing. Thus, delays are also a part of it. Ethereum was launched in 2014 and resolved most of the common issues with Bitcoin. Ethereum payments are always almost instant in nature and incur much lower fees than Bitcoins. Thus, Ethereum is a great payment option for online casinos especially when you’re keen on placing a wager on your favorite esports or casino game as fast as possible. These also offer generous promotional offers and bonuses like no-deposit offers, high roller bonuses, monthly offers, and game-specific bonuses. For example, Esports and sports betting veterans have been consistently following popular websites such as strafe, when they look for Crypto enabled gaming options.

 

Key Checks for Betting with Ethereum

Multiple checks are conducted by gambling experts to assess each casino operator’s legality and ensure a smooth experience for the punters.

 

Appropriate License

When casinos offer sports betting with Ethereum as a payment option, the very first thing that is looked into is a valid license from a reputed industry regulator such as the Malta Gaming Authority, the Government of Gibraltar, the Gambling Commission of Great Britain, The Dutch Gaming Authority, Alderney Gambling Control Commission, The Isle Of Man Gaming Commission. Not all regulators operate under licenses. If a casino regulator is not heard of, no matter how many offers they are giving out, it is better to avoid them in order to escape fraudulence. Yes, of course, there have been land-based casinos that have operated for decades and have built great credibility for themselves. From the cultural extravaganza of Budapest to the lands of Basel, these casinos are popular for their unique themes, offerings, hospitality, and fairness, often beyond the experience of games and wagering. But licensing is critical for such casinos too.

 

Encryption of Personal Data

Whenever personal information has to be given out to an online casino, it is absolutely essential to check where and how the data is stored to avoid unauthorized access. Scammers and hackers are always on the lookout for multiple ways of stealing data and thus one must also look for SSL-encrypted operators. Data safety is never optional, it must be considered to ensure a safe gambling experience.

 

Availability of Other Payment Options

When a punter is searching for the best Esports betting websites with Ethereum, it is definitely a better option over Bitcoins. However, the cryptocurrency world is continuously changing. Thus, looking into other payment and withdrawal methods is also necessary. Always choose casinos that offer a wide range of payment methods like e-wallets such as Neteller, and Skrill, credit cards like Visa and MasterCard, bank wire transfers, and more. These ensure that punters can choose either one of them in order to experience a smooth and fast payment process.

 

Customer Support

Always look out for a comprehensive FAQ section in casinos, a live chat option, and a fast response rate from the customer support team. Good customer service offers 24*7 and has email, and telephone contact details.

 

Bonuses and Rewards

Online betting platforms often offer bonuses to lure customers. Punters must always look out for ongoing bonuses and offers like VIP schemes, and loyalty programs. Some examples of offers are 200 free spins on certain classic slots plus 10% cashback and a 100% welcome bonus of up to £100. 30 Free spins on major video slots when you play for a minimum deposit of £10.

 

In a Nutshell

With an ever-changing gambling market, there is not one particular gambling operator that fulfills the needs of punters. Multiple legal casinos exist in the market and one must always keep a check on the above-mentioned factors to find a perfect betting partner. Take your time, go through the reviews and ratings and tick off all the factors before landing upon an ideal casino of your choice.

Related Posts