Cloudbet launches Ethereum betting

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.

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:

*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 don't worry, to accompany the launch of Ethereum betting we've also added a number of articles to help you get started:

Welcome Bonus for new Ethereum customers?

So you may be sold on the benefits of betting with Ethereum but if you needed a further incentive all new customers depositing with Ethereum qualify for a 100% Welcome Bonus up to 5 ETH. Open and an account now and take advantage.

Cloudbet is one of the first bitcoin sportsbook and casino operators in the crypto space. We have hundreds of bitcoin slots and dozens of table games to play, with free play options to try before you buy in our bitcoin casino. You can also read more on betting strategies, bitcoin 101, and in-depth crypto stories here in the Cloudbet Blog.

About the Author
Cloudbet

Cloudbet

Cloudbet

Posted on 2020-02-21

Cloudbet has a team of contributors that produce high quality content across a range of subjects related to betting and crypto.

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