The 10 Best Ethereum eSports Betting Sites

Overview of the Best Ethereum eSports Betting Sites

Ethereum eSports vs. Traditional Online eSports

eSports is a new phenomenon. Online esports betting is even more recent, and esports betting with Ethereum is the latest! 

Ethereum was released on July 15, 2015, to be exact. Such new technology is always exciting and full of innovation but is bound to have some flaws. 

Let’s go over the details for each.
 
 

Benefits of Ethereum eSports

1. Financial Privacy
Many are attracted to crypto for its privacy from governments, banks, and other financial institutions. 

Decentralization has many benefits, chiefly being you don’t need to worry about someone spying on your crypto transactions. 

You can expect the same privacy with Ethereum eSports betting.
 
2. Bet from (Almost) Anywhere
Traditional gambling is under strict regulation from local governments. Gambling sites must pay fees, get licenses, report income, and suspicious activity, etc. 

However, with crypto, you can likely play from any country and sometimes anonymously.  

Just make sure the site can legally operate where you’re playing. 
 
3. Bigger Bonuses
Since there are lower fees and operating expenses with Ethereum esports betting sites, they have a larger profit margin and bigger bonuses for their players. 

And as the Ethereum esports industry matures and becomes more competitive, these bonuses will become more enticing to attract more players!
 
4. Huge Ethereum Ecosystem
Ethereum was the first blockchain with smart contract functionality, hosting hundreds if not thousands of decentralized applications (dApps) in the Ethereum ecosystem. 

With your ETH winnings, you can buy NFT’s, lock them in DeFi, or create your own dApp!
 
 

Drawbacks of Ethereum eSports

1. No Chargebacks
As cryptocurrency, and Ethereum, are decentralized, you cannot call Vitalik Buterin or Satoshi Nakamoto to dispute a transaction. 

Before you bet on Ethereum esports, triple-check that your wallet addresses and any other transaction information are correct as there is no one with whom you can dispute a transaction.

2. Ether Volatility
Like all cryptocurrencies (minus stablecoins), Ethereum is vulnerable to volatility. 

This is usually a good thing, as the price of Ether has rapidly appreciated over the years. 

However, if you win some games, withdraw your funds, and ETH tanks by 20%, you may not make a profit. 

HODLing should fix your problem!

3. High Fees
Although Ethereum is switching to Ethereum 2.0 and a Proof of Stake model, the network congestion and resulting high fees have not gone away yet. 

You can expect transaction fees of $10 to $50 or more if the network is especially busy. 

To counteract this, you can use a Layer 2 solution, like Polygon (MATIC), a blockchain that runs parallel to Ethereum. 

Using Layer 2 allows for much lower fees and faster transactions. 
 
 

Selecting Your Ethereum eSports Site - 6 Factors To Consider 

Your specific location, financial situation, and other reasons may mean that the best Ethereum esports betting site may not necessarily be the best for you specifically.

You might need specific conditions to make your experience enjoyable or even possible where you live and for your financial situation. 

When determining what you’re looking for -- first think about the factors below. Then consider each result in how it applies to you.

Which factor is more important to you, and why? 

Take time to plan and then register for your three best Ethereum esports betting websites. 

Experiment with them before settling on one or two -- that way, you’ll be able to switch between the ones that are the most enjoyable or profitable.
 

1. Restricted Countries

The most important factor when it comes to esports Ethereum betting is if you can even use ETH for esports betting from where you’re located. 

You can always play with a VPN, but most sites will KYC you when you try to withdraw winnings. Those winnings would sadly be forfeited.

To help decide what sites are available to you, use our Country Chooser at the top right of this page. 

Click on the flag representing your country, and any site unavailable in your country will be grey. 

Simple!
 

2. Reputation and Trust

Reputation is the second most crucial part of a site. 

With a poor reputation, the site may have awful customer service or confiscate your winnings for no reason. 

The sites we list here are thoroughly researched with their respective pros and cons to help you make the best decision. 
 

3. Available Games

Having fun is also necessary! You want to place an Ethereum esport bet on the games you know and love, so check out the available games for each site you’re looking at. 

Find a couple of sites with the main esports games like CS:GO and smaller games like the newest Battle Royale.
 

4. Payout and Withdrawal Speed

All Ethereum esports betting sites will offer deposits and withdrawals with Ethereum, but transaction speeds may vary. 

Some sites will process the withdrawal instantly, while others may individually review each transaction. This can take two or three business days.
 

5. Bonuses and VIP Programs

When you bet on esports with Ethereum, the best sites will have frequent bonuses and a VIP leveling program for the high rollers. 

Choosing a site with the best VIP program or most generous bonuses will save (or earn!) you a lot of money!
 

6. Provably Fair Games

Unique to cryptocurrency, many sites will verify their games are provably fair. This means neither the house nor you can see or alter the outcome of the game. 

Sometimes you can see the cryptographic hash that secures each transaction.
 
 

How To Bet With Ethereum

To start betting with Ethereum, follow these four steps. 
 

1. Find some trustworthy esports betting sites that accept Ethereum.
2. Find a reputable and gambling-friendly cryptocurrency exchange (list below). 
3. Buy some Ethereum and send it over to your best favorite esports betting site. 
4. Enjoy, and bet with Ethereum!

Note that some Ethereum esports sites allow you to buy Ethereum and other cryptocurrencies directly from their platforms. 

That’s the case of Stake, for instance.

If your favorite Ethereum esports betting site does not have this option, here are the best options to buy Ethereum today. 

We recommend these exchanges for crypto betting because they have no policy against the use of their website for gambling purposes, as opposed to most crypto exchanges out there.

What’s Your Best Ethereum eSports Betting Site? 

That’s it! Those are my deeply researched and vetted Ethereum esports betting sites.

They should cover all the major countries you might be from, risk tolerances, options (such as anonymity), reputation, and other factors that will affect your safety and enjoyment of Ethereum betting. 

So which ones made the top of your list? Are there any from this list that you might have your eye on? It’s time to try them out!