Ethereum Prepaid Gambling Sites – How To Use Your Ethereum Wallet At Online Gambling Sites
Ethereum has become one of the best-prepaid alternatives to Bitcoin when using cryptocurrency at online offshore gambling sites. More gambling sites are beginning to use Ethereum due to the use of “smart contracts,” which acts as a digital third-party and holds the funds of both the player and the online gambling sites until the outcome of a wager is decided, creating a public ledger in the process so both the player and the online gambling site are held responsible for the transaction, making Ethereum one of the most secure cryptocurrencies on the market today.
Top Ethereum Gambling Sites
Below is the list of our most trusted prepaid casino sites and other gambling sites who all accept Ethereum as a cryptocurrency payment when depositing or withdrawing funds to your account. Many of the sites have bonuses for deposits using cryptocurrency so shop around and see works best for you.
Casinos That Accept Ethereum
Site | Bonus | Rating | USA | Visit |
---|---|---|---|---|
125% Max $3,750 | 5.0 ⭐️ | Visit Site | ||
200% Max $3,000 | 4.9 ⭐️ | Visit Site | ||
350% Max $2,500 | 4.9 ⭐️ | Visit Site | ||
250% Max $6,000 | 4.9 ⭐️ | Visit Site | ||
100% Max $1,000 | 4.7 ⭐️ | Visit Site | ||
100% Max $1,000 | 4.6 ⭐️ | Visit Site |
Sportbooks That Accept Ethereum
Site | Bonus | Rating | USA | Visit |
---|---|---|---|---|
50% Max $1,000 | 5.0 ⭐️ | Visit Site | ||
100% Max $1,000 | 4.7 ⭐️ | Visit Site | ||
100% Max $1,000 | 4.5 ⭐️ | Visit Site |
Poker Sites That Accept Ethereum
Site | Bonus | Rating | USA | Visit |
---|---|---|---|---|
100% Max $500 | 5.0 ⭐️ | Visit Site | ||
100% Max $1,000 | 4.7 ⭐️ | Visit Site | ||
100% Max $1,000 | 4.5 ⭐️ | Visit Site |
What is Ethereum?
Ethereum is a public blockchain like that of Bitcoin, Ripple, Dash, Dogecoin, or Litecoin except it uses of the Ethereum Virtual Machine (EVM). The EVM allows the use of “smart contracts,” which are computer protocols used to facilitate, verify, and enforce the intent of a digital contract. This means once two or more people in a contract agree on the terms, the transaction is irreversible and instantly carried out. While all transactions are trackable through the Ethereum blockchain and is viewable by everyone in the blockchain, the identity of each participant remains anonymous by the use of encrypted digital signatures on wallets and transactions.
Is it Legal to use Ethereum for your Online Gambling Account?
There is currently no law preventing the use of using Ethereum or any other prepaid cryptocurrency at an offshore online gambling site in the United States. The Unlawful Internet Gambling Enforcement Act (UIGEA) currently restricts financial institutions transactions with online gambling sites, but this law does not pertain to Ethereum since it and other cryptocurrencies do not have federal oversight, meaning federal laws do not apply to cryptocurrencies currently.
When it comes to international bettors, some countries have made laws prohibiting the use of Ethereum and other cryptocurrencies. Be sure to check the terms and conditions of the gambling site you choose in addition to researching your country’s cryptocurrency laws before using Ethereum at an online gambling site.
How to Deposit and Receive Payouts with Ethereum at Online Gambling Sites
- Step up a digital wallet designed to hold Ethereum.
- Once you pick a wallet, enter the necessary financial details and purchase the amount of Ethereum you plan on using to gamble with.
- Provide your wallet signature to any of the above-mentioned gambling websites who accept Ethereum.
- Finally, connect your cryptocurrency wallet to you gambling account, and you’re all done. With this last step, you and the gambling site are connected to the blockchain anonymously and the transaction will be recorded by everyone on the Ethereum blockchain in the public ledger.
Ethereum Prepaid Gambling Faq's
Yes. The UIGEA only restricts transactions to online gambling sites when coming from financial institutions backed by federal currency. Ethereum is not a federal currency and currently, it and other cryptocurrencies do not fall under UIGEA or any other federal law.
It depends. In most cases, the answer is yes, but some countries, such as Mexico, have outright banned the use of cryptocurrencies in the country. Be sure to check the cryptocurrency laws in your country before using Ethereum to gamble online.
Yes. In fact, it is considered safer than Bitcoin and many other cryptocurrencies due to being able to make smart contracts, which allows Ethereum to act as a public third-party of a contract between you and the gambling site and only releasing the held funds once an outcome is known and the terms are met.
You can buy Ethereum at most cryptocurrency wallets, so shop around and see what works best for you. For more information about Ethereum, go to www.ethereum.org to how the cryptocurrency got its start as well as what the Ethereum developers have planned next.
0x (ZRX) is not a coin distributed by Ethereum, but it is a coin used on the Ethereum network. 0x believes that one day there will be hundreds of altcoins exchanged on the Ethereum network and they strive to provide a standard for an exchange on the blockchain.
Disclaimer: Ethereum does not endorse this website or any other online gambling resource/betting venue.