Ethereum Betting Guide

If you are interested in online betting and casino games, you should be aware that Ethereum is currently a popular method of making transactions on betting exchanges.

Get Started

Exploring Ethereum Payments at MadMarket

The rise of cryptocurrencies was expected, when the first brokers and crypto traders appeared on the net, approximately 15 years ago. Ethereum started trading online a few years after Bitcoin.

This crypto has a different scope and architecture and gained a different audience. Bookmakers and betting exchanges accepting Ethereum as payment realized they have a different target group.

But most pages currently accept a wide range of cryptocurrencies, accommodating the needs of different blockchains.

MadMarket wants to offer players an unparalleled experience, regardless of their payment method.

 

The software is designed to process crypto transactions quickly and is super user-friendly, making even novice players comfortable.

 

Given the popularity of Ethereum as a payment method, MadMarket will facilitate transactions from networks that validate transactions or help with smart contract execution.

 

In other words, MadMarket is a betting exchange built for all crypto users.

What are the different ways to be paid in Ethereum?

Ethereum payment has never been easier than betting on MadMarket. The popular betting exchange follows an industry standard process to pay you any amount you request in the cryptocurrency of your choice.

 

After accessing your account, you must visit your My Account section and then the Crypto Wallet. Players have many cryptos to choose from when performing deposits and cashouts.

 

When you’re ready to withdraw, you’ll be asked to enter your destination address and the cash-out amount. Keep in mind that your account balance is shown in both a FIAT currency (usually USD) and your chosen crypto.

 

This is why it’s crucial to check the crypto exchange rate at the time of the transaction. Doing so will give you the confidence that you won’t be caught off guard by any unexpected FX rate changes.

How to get paid in Ethereum: Step-by-step guide for Beginners

Even if you are not experienced in the cryptocurrency world, there is no reason to stress. MadMarket, like all other crypto betting pages, has put a lot of work into delivering a page that makes payments, in and out of your account, a piece of cake.

First, you need to ensure that you have an ETH address at a crypto wallet. Visit the wallet, and under the different accounts, locate and select Ethereum.

Then, you must ensure that the exchange of your choice supports payments to Ethereum. Because ETH is a major cryptocurrency, MadMarket supports this.

When it comes to getting withdrawals in Ethereum, the process is straightforward by sharing your desired crypto address.

Be careful with crypto transactions. If the amount is sent to an incorrect address, it will be impossible to retrieve it.

Get Started
Learn how to deposit and withdraw

Using Ethereum

Hero Arrow

MadMarket: Switching to Ethereum - A trend to Necessity?

Or perhaps none of the above? Adopting Ethereum as payment isn’t dictated by any trends or necessities. It’s just a popular option that all online gaming providers should offer to their players.

 

It’s a sign that the gaming operator cares about players, offers plenty of reputable options for monetary transactions, and is up to date with crypto trends.

 

For experienced players, trading cryptocurrencies is everyday life. Therefore, bookies and exchanges must allow their players many different options.

 

Luckily for the players, most crypto wallets used by such pages will accept payments in over 20 currencies. A couple of them will also be suitable for you.

FAQs

Here are some frequently asked questions we receive regarding Ethereum.

While there are fundamental differences in the architecture and the ecosystem of the two cryptocurrencies, Ethereum payment to online bookies and exchanges is no different from payments using other currencies.
All the steps described above apply, regardless of which coin you decide to use to deposit funds in your account. Or when requesting a withdrawal.

Well, that’d be bad news! Like with most other cryptocurrencies, you’ve got to be extra careful when requesting money from your ETH address. If you accidentally send the money to another valid account, you can forget your crypto.
Once the transaction is validated, it will be irreversible. The good news is that if the address you used by mistake doesn’t exist, then the blockchain won’t validate it, and the money will be returned to you.

You can. Anyone online who accepts Ethereum as payment will convert these to other currencies for you to view. On MadMarket, you can view your balance in USD (United States Dollar), the most common FIAT currency used by crypto bookmakers and casinos on the net.
It is typically possible to also view it in EUR (Euro) or GBP (Great Britsh Pounds). Following the cryptocurrency price changes, you must remember that the FIAT currency balance will fluctuate.

One crucial step is to double-check the accuracy of the ETH address. Especially when dealing with large sums, it’s advisable to conduct a smaller, test transaction first to ensure the money reaches your account.
Please use the QR Codes on almost all crypto gaming websites as an additional measure. The QR Code leaves no space for mistakes and offers direct communication between your Ethereum wallet and the Ethereum wallet of MadMarket.

When you make an Ethereum payment, it’s a seamless process for the betting exchange. They accept the transaction just like any other form of money. The amount will then appear on your balance in both a FIAT currency and the equivalent ETH amount.
Since it’s considered a regular deposit, it will allow you to claim welcome bonuses, free bets, free spins, participation in the loyalty and VIP programs, and all the benefits that players enjoy when playing on FIAT bookmakers.
Pages that accept Ethereum as payment have dedicated teams that reward customers with enticing offers. These bonuses often exceed the standard welcome bonuses offered by non-crypto bookies. However, it’s crucial to read the Terms and Conditions. This ensures you understand the requirements to receive and rollover these bonuses, allowing you to make the most of your betting experience.