Cloudbet started out as one of the first bitcoin sportsbook and casino operators, back in 2013 and spent the next five years improving its usability and breadth of markets. Having added support for the first bitcoin fork – bitcoin cash – back in 2018, we are pleased to announce support for another of the most popular cryptocurrencies – Ethereum.
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Why Ethereum?
Bitcoin’s beauty can be summarised in the term ‘unforgeable digital scarcity’. In order to achieve this Satoshi Nakamoto had to make some compromises on transaction speed and on-chain scalability and most bitcoin believers are just fine with that. It did however, open the door to new crypto variants, such as Ethereum, offering much faster and cheaper transactions. If you want to understand why that is, read this in-depth article exploring Ethereum, but in simple terms speed of Ethereum transactions provide some great advantages for betting at Cloudbet, in addition to the unbeatable odds and high limits already on offer:
- Especially suited to live betting where things happen fast
- great for taking advantage of arbitrage opportunities
- ideal for securing value from a tip before the odds move
- a good choice if time is very valuable to you, often the case with VIPs
- a good choice if you want any profits to be immediately available to withdraw.
How to bet with Ethereum?
Cloudbet is well known for offering the easiest way to bet with bitcoin and the same is true of Ethereum. Here’s what you need to do to take advantage:
- Open an account – it will take less than a minute
- Send your Ethereum to your Cloudbet wallet directly or via a smart contract*
- Read our guide if you don’t have a Cloudbet wallet or are unsure how/where to buy it.
*Please be aware that if you withdraw to a smart contract you must have enough Gas to cover the execution.
New to Ethereum? Don’t worry
If you are new to Ethereum, here are some steps to get you started.
- You’ll need an Ethereum wallet
- Understand what advantages Ethereum gives you for gambling
- Understand the difference between Bitcoin and Ethereum.
Welcome Bonus for new customers
If you’re convinced about the benefits of betting with Ethereum, Cloudbet’s Welcome Package offers even more reasons to get started. All new customers can take advantage of up to $2,500 in cash rewards, 10% rakeback on every bet, daily cash drops, and a unique Cash Vault reward that grows with your play. Open an account now and start stacking up the rewards.
