Ethereum Casinos – Win Big Playing with Ether
Ah, Ethereum, the digital coin which, popularity-wise, may soon rival Bitcoin. Initially unleashed in the summer of 2015, it is the brainchild of programmer Vitalik Buterin, a Russian-Canadian, who launched it along with English computer scientist Gavin Wood. Buterin first talked about the idea of Ethereum in a 2013 white paper, arguing that Bitcoin needs a scripted language for app creation. When he failed to get support for such a project, he started developing an entirely new platform that would feature this option.
You likely know that Ethereum is a blockchain home to the super popular cryptocurrency named Ether, code ETH. This digital ledger, as mentioned, boasts its programming language titled Solidity. Thus, Ethereum describes itself as a programmable blockchain. That means that users of the Ethereum network can develop, release, and monetize applications on this platform known as dApps. Ethereum is also the basis for many popular metaverses, such as Axie Infinity and Decentraland, that run on this blockchain, utilizing its ERC-20 token standard.
In August 2021, Ethereum saw its first stable release, and the blockchain is now incorporating a series of upgrades that should lead to a 2.0 version of the platform. As of August 2020, there are over 112 million Ether coins in circulation. Seventy-two million of these were issued when the blockchain first launched, in the genesis of its first block. Know that Ethereum did not get created to support cryptos, Ether was the byproduct of the need for an in-house coin for apps built on this blockchain to utilize.
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What Are Ethereum Casinos?
Ethereum (ETH)
Еthereum casinos are gambling sites that let you fund your online casino balance with Ether (ETH) and withdraw your winnings in this cryptocurrency. That is pretty much it. We have encountered a couple of Ethereum-only gaming platforms, but these are super scarce. Usually, the sites that offer Ether as a payment option will also allow you to use Bitcoin and a few other popular cryptos like Litecoin and Tether.
What Gaming Products Can You Enjoy with ETH
You should not encounter any problems playing any game offered at your chosen Ethereum online casino via ETH. Once you make your ETH deposit, you should be ready to be off to the races, enjoying varied gambling entertainment. That entails indulging in the options discussed below.
Ethereum Reel-Spinners
Reel-spinning games, better known as slots, dominate the interactive gaming landscape, and they should be available at virtually every Ethereum crypto casino. Expect to find at least a few hundred Ethereum slots at any of the platforms we list in the table on this page.
Ethereum Table Action
Experienced gamblers avoid slots and prefer to stick to table games. That is so because they are well aware that these gaming products feature lower house edges than reel-spinners. Plus, decision-making plays a role in in-game results. Implementing a basic strategy can lead to the house advantage further dropping. Ethereum blackjack’s house edge can fall to 0.5% if you opt to use a strategy chart.
Ethereum Game Show Games
Game show products are the invention of Riga-based Evolution Gaming. The live table juggernaut came up with this concept in 2017, and now competitors like Playtech are trying to match Evolution by offering similar products. Crazy Time, Monopoly Live, and Football Studio are only a few Ethereum Evolution game show titles everyone should try at least once.
Ethereum Specialty Titles
In short, specialty titles are mainly lotto games like keno and bingo. However, in this category, you may also find products that defy description, like fish shooters. Another form of a standard Ethereum specialty game is scratch cards.
Ethereum Provably Fair Games
Provably fair games are ones where you have an opportunity to verify every gaming outcome yourself. They also let you reset the seed figure random number generators use, allowing maximum fairness. Examples of products in this genre include Plinko, dice, crash, and hi-lo. Some of these feature lower house edges than baccarat and roulette.
Ethereum Sports Betting
Most crypto sportsbooks on the internet accept ETH. Thus, there is no shortage of Ethereum sports betting sites. We have reviewed many of them on our site. If you are a BTCGOSU patron, you know which ones we hold in high regard.
What are the Perks of Using ETH?
In this subheading, we will tell you why gambling with ETH online is a wise move.
Faster than Bitcoin
While ETH transfers require significantly more network confirmations than Bitcoin ones, Ethereum still processes transactions faster and is less energy-intensive.
It Is Very Volatile
While most will see this as negative, astute investors know that Ethereum is far more versatile than Bitcoin, and ETH prices will undoubtedly rise in the years to come. Ether is also one of the most liquid crypto assets out there.
Lower Danger of Inflation
If you keep ETH in your crypto and casino wallet, you should not worry about inflation. The Ethereum blockchain has a defined anti-inflation strategy.
What are the Negatives Concerning Using ETH?
The chief drawbacks of gambling and holding ETH are:
Scaling Issues
The Ethereum blockchain serves many purposes. That means that it can fall prey to hacks and different network breakdowns.
High Transaction Fees
At the start of 2021, Ethereum decided to raise transaction fees due to network congestion. That move alienated many players.
How to Begin Gambling with ETH
To set sail on your Ethereum gaming voyage, you will need to complete the following steps:
Get a Wallet That Can Hold Ether
According to most crypto gamblers, the best ETH wallets are Trezor One, Ledger Nano S, Exodus, Mist, and Metamask. However, more mainstream options like Trust, WallETH, and Guarda should also do the trick.
Purchase Some ETH
You can buy ETH at virtually any popular crypto exchange. We suggest using Coinbase, Kraken, or Binance.
Put ETH in Your Ethereum Casino Account
Once you have a crypto wallet loaded with ETH, you will need to head over to the banking page of your chosen Ethereum gambling site. There, you will need to select the deposit option, pick Ethereum as your crypto of choice, and enter your desired deposit amount. You will then have to confirm your transfer and wait for the number of necessary blockchain confirmations to happen.
Selecting a Quality Ethereum Casino
If everything we have told you about gambling with ETH sounds appealing to you, before diving deep into playing with ETH, know that you should only do so at credible Ethereum casinos. Ensure that the one you settle on as your gaming home fulfills the following standards:
Low KYC Requirements
KYC is something that you should look for in any online casino you are considering. We have talked at nauseam about Know Your Customer requirements. KYC is a mandatory anti-money laundering policy that almost all gambling sites follow. It entails supplying documentation that proves your identity, and in specific circumstances, your source of income. The best course of action is to pick a platform that does not aim to make your life hard by offering simple/quick KYC procedures.
Robust Game Selection
You join a casino to test your luck on games of chance. Thus, the more gaming products offered, the better. Most top industry operators seek to supply over a thousand slots and a few dozen table games. Hence, we see no reason for you to register with a platform whose gaming products category totals are less than these figures. Naturally, this does not apply to provably fair gaming enthusiasts.
Quality Customer Care
Over 50% of users will instantly drop a service provider when they feel that they have not received proper treatment. It is the operator’s job to ensure your gaming fun flows smoothly via 24/7 live chat support. Sites that do not offer it either have just entered this arena or do not wish to spend money on customer care. If that is the case, they do not deserve your business.
Ethereum Casino FAQs
Ethereum casinos are well suited for cryptocurrency gambling, but if you’ve still got questions, we’re happy to help with this short FAQ guide.
Do All Crypto Casinos Accept Ethereum?
Most of them do, yes. Any top cryptocurrency casino worth its salt will accept Ethereum. Moreover, fiat casinos have started to permit ETH deposits and withdrawals, too, effectively becoming dual fiat/crypto casinos.
Are ETH Deposits Free from Fees?
Ethereum is not free to use. While most online casinos will typically cover any withdrawal fees involved, your payment provider may hit you with a fee when depositing. Gas fees used to be around $13 but have risen to between $40 and $60 of late.
Can I Play Live Dealer Games with Ether?
Yes. All the leading developers of live dealer casino games ensured that Ethereum is a cryptocurrency that you can use to bet on live baccarat, blackjack, roulette, craps, poker and more.
Is It Safe to Wager with Ethereum?
With its smart contracts system, Ethereum is arguably safer than most rival cryptocurrencies. There’s a high level of volatility involved, and high transaction fees, but from a safety perspective, it is one of the best out there.
Can I Claim ETH Online Casino Bonuses?
You should be able to with ease. Any casino worth its salt that accept Ethereum deposits will also permit you to claim bonuses with ETH. We’ve seen welcome bonuses; deposit offers and more available. You can find many of these in our Ethereum casino reviews.