Ethereum is currently the second most popular crypto project, right behind Bitcoin. It is a decentralized blockchain network, and its various functions are powered by the native cryptocurrency, Ether (ETH). Ether is also a widely accepted payment method in numerous online merchants, which of course include Ethereum casinos. The online gambling industry has found a powerful ally in the face of Ethereum, as it brings forth a potent network that facilitates speedy and anonymous transactions. Almost all crypto-friendly casinos accept ETH, so there will be an ample selection of brands available. Ethereum gambling accommodates everything an avid gambler needs. Under-the-radar gambling, fast withdrawals, high-value promotions, and much more.
Ether is one of the first cryptocurrencies that was widely adopted by online casinos worldwide. Ethereum manages to maintain the second place in the online crypto gambling scene, despite the popularity surge of many other worthy cryptocurrencies. A crypto-friendly casino that lacks ETH payments will simply be at a severe disadvantage. There is an abundance of Ether casinos so dig up and examine our dedicated reviews in order to choose the one that suits you best. Our top picks of Ethereum casinos offer quality casino products, lucrative crypto bonuses, speedy transactions and let you maintain a low profile.
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Ethereum is an established and proven peer-to-peer blockchain network. Most of the major cryptocurrency projects in decentralized finance are built on it. There are many that believe that in the near future, it may be able to flip Bitcoin in terms of market capitalization. Be that as it may, currently it is a flexible payment solution for players that seek alternative forms of transaction methods and gambling. Let’s check out the key advantages of an ETH Casino:
There are two kinds of Ether casinos. The hybrid type converts your ETH deposit into a FIAT currency right after it goes through. This safeguards you from Ether’s price volatility, which is quite high, as most cryptocurrencies do. The non-hybrid type lets you keep your ETH as it is, so you can gamble directly with it. In this way, you can double gamble on both casino games and the coin’s market value. A truly high-risk high-reward situation. Most crypto casinos are hybrid, but there are also quality non-hybrid brands.
If someone knows your Ethereum wallet address, he/she can see every transaction made, as all the details remain embedded on Ethereum’s transparent blockchain. However, your Ether’s wallet address consists only of digits and numbers. There are no personal details on it. So, if you do not share your address publicly, you will maintain your anonymity. However, this can be compromised by KYC requests from both casinos and crypto exchanges. Try to keep a low profile. Nevertheless, your privacy is much more secure in comparison to traditional banking methods.
When you make a payment via the Ethereum network, the blockchain simply validates the transaction, no more, no less. It is an independent decentralized system. The transactions are peer-to-peer. That means that the two parties of a transaction act directly with each other, there is no middle man. In this way, you can stay clear from annoying account audits and frozen funds due to AML checks.
All the operations connected with the handling of crypto transactions, generally cost way less for an online casino compared to conventional payment methods. There are also fewer manpower needs. The operator does not have to deal with chargebacks, disputes, and high third-party fees. In order to incentivize the use of cryptocurrencies, crypto casinos usually offer better promotions for crypto deposits, the so-called ‘Bitcoin bonuses‘. This is true for Ethereum casinos as well.
In most countries, the regulations regarding cryptocurrency transactions are in a grey area. This means that there are fewer audits and AML laws to abide by. In this way, crypto-friendly brands can offer higher limits in both deposits and withdrawals. This is very convenient for high rollers, as they can move large sums of money under the radar.
The Ethereum network settles transactions in 1 to 60 minutes, depending on the network’s congestion. For deposits, this is not a great speed. As for withdrawals, it is simply superior to most traditional methods. Yes, there are many cryptocurrencies that settle transactions in mere seconds, but none of them has the quality, reliability, and decentralization of the Ethereum network.
Indisputably, Ethereum is now regarded as a staple online casino payment option. That does not mean that it comes without disadvantages. The main one is the overall technical complexity of cryptocurrencies. One has to be at least a bit tech-savvy in order to use them safely. Mistakes here are non-forgiving, as there is close to no support available. Each one is solely responsible for his actions. Moreover, traditional banking methods are much more user-friendly, so many choose not to mingle at all with cryptocurrencies and Ethereum. The other main negative points are these:
Crypto casinos can only acquire offshore licenses, as European regulators consider cryptocurrencies a non-legitimate payment method. So, crypto-friendly operators like Ethereum casinos opt for a Curacao or Costa Rica license. Some even choose to stay independent. This makes them less reliable for players, as they have close to no protection against shady practices. Of course, that does not mean that all crypto brands are scammers. Some of the best online casinos are crypto-friendly. Just be extra careful before depositing.
This is one disadvantage caused by the popularity of the Ethereum ecosystem. As many crypto projects build their infrastructure on Ethereum, the network’s congestion rises. The ‘miners’ that act as transaction validators have a hard limit of possible transactions per second. The sheer quantity of demand is why they are able to raise fees. Oftentimes, when the network is highly congested, low amount transactions are simply not worth it. You may have to pay $60 for a $5 transaction. Scalability is a major issue of Ethereum, and it seems it will not be solved in the near future.
Legislation about cryptocurrency investments and transactions is in a fluid state in most countries. One of the main controversies is whether they should be considered as securities or currencies. Cryptos are something completely new, so nobody knows how to regulate them properly. In any case, the volume of money pouring into cryptocurrencies has become too big to ignore. Talks about new regulatory frameworks are being discussed behind closed doors, and nobody knows what the future will bring. The fact is that any ETH bankroll you have should be considered a liability.
Ethereum gambling might have been the perfect solution for casino action a few years back. However, there are now several cryptocurrencies that are both cheaper and faster than Ether. There are also options that can guarantee a much higher level of anonymity. Ethereum’s advantage consists of being a battle-hardened cryptocurrency with a top-notch level of quality and reliability. Be that as it may, but there are now many other reliable cryptos that may take its place soon.
It is important to clarify that the Ethereum network is one of the most robust ones available in the crypto space. When you click the button to send any funds, the payment will go through without any additional worry. You can also prove every transaction made, as you can simply search them up the transparent blockchain ledger. Your safety mainly relies on the Ethereum casino you will choose. Check our recommendations and do diligent research. The non-regulated nature of crypto gambling is quite attractive to scammers.
There will be no legal issues either. You can freely make crypto transactions in almost all countries. The casinos have the usual age restrictions. In simple words, if you are able to gamble in a traditional online casino, you can use a crypto casino too. Just keep yourself up to date with your country’s crypto regulations.
The interesting part here is that Ether gambling winnings are not automatically subject to taxation. Fiscal authorities have a difficult time accessing cryptocurrency transactions. With that being said, we do not endorse tax fraud. Moreover, if you raise enough suspicions for an audit, the transparent blockchain will reveal all your transaction history. Try to keep a low profile.
It is always useful to learn a bit more about any cryptocurrency you are about to add to your bankroll. Ethereum is a colossal project in the crypto space. Thousands and thousands of applications take advantage of its robust blockchain network. Ether is the key element here, as it is used to power all of them. Despite the fierce competition of the last few years, Ethereum remains the most accomplished blockchain, second only to Bitcoin. Let’s take a deep dive:
Ethereum’s lead developer is the young genius Vitalik Buterin. He drew inspiration from the revolutionary technology and capabilities that Bitcoin brought forth. Ethereum launched in July 2015, while he was just 21 years old. Since then, Ethereum has been a leading force in the crypto space.
Ethers, which are used to facilitate all the network’s operations, are created by ‘mining’. In crypto slang, ‘mining’ is the process of validating transactions. The ‘miners’ use high-performance computing systems in order to be able to process and verify the high volume of complex transactions. Ether is the compensation for these miners. Their work and investment allow Ethereum to maintain its decentralized nature.
Ethereum has recently reached a situation where sometimes there is simply too much workload for the network to handle. Hence, the high miner’s fee that we mentioned beforehand. An update of its core software, called Ethereum 2.0, is actively in progress, but it will take a long time to fully take effect. Until then, the fee situation will not get much better.
Both cryptocurrencies use a proof-of-work algorithm in order to verify and embed transactions in their decentralized blockchain ledger. That is the so-called ‘mining’. However, Ethereum holds a major advantage over Bitcoin. Ethereum incorporates a programming language within its network. This allows programmers to write code and build applications on it. In this way, Ethereum can be the platform for a huge variety of use-cases, and not only for Ether payments.
Ethereum gambling holds another innovative feature. A type of decentralized application (Dapps) that can be developed on the network, is online casinos. They are able to function without any central operator, with games that are programmed within Ethereum. There are already different casino dapps available. They offer basic and simple casino games like dice, blackjack, etc, but the payout is much higher due to extremely low operational costs. However, be extremely careful as scammers thrive in the dapp environment.
Furthermore, all casino games found in dapps are provably fair. That means that you can check if a round’s result is legitimate at any time. The dapp games are programmed in the transparent Ethereum blockchain and are visible to anyone. That requires programming skills, but even if you do not have any, scammers are usually ousted right away in public online forums. Review them carefully before any deposit.
Ether gambling allows you to try out and experience a whole new set of brands and valuable promotions. Ether is widely available in all crypto exchanges worldwide. The first step now is to find an Ethereum casino you like, and start an account. Check our recommendations above, as well as new exciting entries that we will mention later on. Now follow the steps below:
Get an Ether wallet: There is an immense variety of options here, but no optimal solution. You will have to research what works best for you. There are easy-to-use desktop and mobile wallets, always in-reach online wallets, and safer but less flexible hardware wallets. Always make your gambling transactions via your personal crypto wallet. Crypto exchanges may block your account if you deal directly with crypto-friendly brands, as they consider them a risky liability. Do not get caught with your pants down.
Buy Ether: The most reputable crypto exchanges for this are Binance, Kraken and Coinbase, however, there are many other legitimate options. You can buy Ether via debit card, bank transfer, or different e-wallets. You can also trade another cryptocurrency for Ether. Acquire the desired amount and transfer it to your wallet.
Deposit to an Ether casino: Select the deposit option of the Ethereum casino you chose. Click on Ethereum. A complex alphanumeric address will appear. That’s the address to which you will have to send your Ether. Copy and paste that address to your wallet’s send function, and double-check it. It would be really sad to make any mistake here. Click send and wait a few minutes in order to see it credited at the casino. Keep in mind that it may take up to an hour in extreme circumstances. If you selected a hybrid gambling site that converts your deposit, check the conversion rate beforehand. That’s it! You are now ready for Ether gambling action.
Withdraw your winnings: Let’s hope that you get a big win soon. Then you will surely want to enjoy your hard-earned winnings. Go to the cashier section and select the Ethereum option. Then type in the tab that will pop up your wallet’s Ether address. Again, double-check it. After this, you will receive your funds a few minutes after the casino confirms the withdrawal request.
Fully cash out: To enjoy your hard-earned Ether in the real world, you have to transfer the funds back to a crypto exchange. There you can trade them with other cryptocurrencies or FIAT currencies. Keep in mind that some exchanges issue their own debit card. In that way, you can spend your crypto funds without relying on any conventional bank. A useful way to maintain a low profile.
Almost all new brands that enter the crypto gambling scene accept Ether payments. Moreover, the majority of new operators offer the best welcome bonuses and promotions in order to attract players. You may also find lucrative loyalty programs and exclusive casino games. Take a look at the new kids in the block.
You will not have to worry about the variety of casino games offered by an ETH casino. They pretty much have the same games as conventional casinos. Slots from the most popular providers, hundreds of exciting live tables, lotteries and poker. Moreover, they usually have various exclusive and innovative provably fair games that can secure a fair gambling session. The main categories of games are:
An iconic game for casinos worldwide. Roulette tables can not miss from any casino, crypto-friendly or not. There are different options to choose from here. RNG Roulettes, live tables and provably fair ones. This last category is very interesting, as it completely excludes any shady action from the casino. There are many players that distrust completely online casinos, believing that they set up ways to increase their edge.
For those of you that prefer card games, blackjack tables are also widely available at Ethereum casinos. Bet your Ether and hit those cards carefully. You will be able to find Blackjack tables in RNG mode, live tables with different side bets, and of course, provably fair blackjack games. The provably fair function will help you understand that the house always wins, and casinos do not shuffle the decks against you.
For you brainiacs who savour a more tactical and competitive card game, poker is the right choice. Ethereum casinos offer RNG video poker games, provably fair games, and live tables where you have to beat the dealer’s hand. Sadly there are not yet live tables where you can bet Ethereum against other live players, but that may soon change.
Slots are the most popular casino game. It is not strange that there are hundreds of providers and tens of thousands of games available. Ether casinos offer you the same slots you can find at a conventional online casino, as well as exclusive provably fair slots. Ethereum is especially useful for high rollers here, as big slot winnings can be transferred quickly, securely and anonymously to your personal wallet in a matter of minutes.
A truly old-school gambling game, dating back thousands of years. Dice games were some of the first gambling games that were made specifically on blockchain networks, like Bitcoin, Ethereum and Dogecoin. Nowadays, most crypto-friendly casinos offer their own version of provably fair dice. Some brands have some special tweaks, so be ready for surprises.
The fact is that the online gambling scene is getting increasingly regulated. More and more countries are in the process of setting up their own national gambling regulation and directives. This means that many players are going to lose the huge variety of gambling sites available today, due to geographical restrictions. Cryptocurrencies come here to the rescue at just the right time. Their characteristics enable users to retain anonymity and transactions that know no borders. They are the perfect counter to this problem.
Ethereum specifically holds firm its place as a reliable and proven payment method. ETH is a popular and flexible cryptocurrency. Furthermore, Ethereum casinos offer good value with their crypto exclusive bonuses, fast withdrawals and anonymity. The only issue you may deal with occasionally is the high fees due to network congestion. Check their cost before you deposit. Apart from that, Ethereum is clearly one of your best friends in the crypto gambling world.
Is Ethereum gambling legal?
Yes, it is completely legal and sage. Think of it as any other normal currency. It abides by the same restrictions as other online gambling sites, usually age restrictions.
Are Ethereum casinos legit?
Most of them are completely normal and legitimate brands. However, due to the fact that they usually hold offshore licenses or no licenses at all, you should be more careful. Take a look at our reviews, and search up what other players write for each company in online public forums.
How to buy Ethereum?
You can buy Ethereum from all cryptocurrency exchanges, as Ethereum is the second most popular cryptocurrency. You can also trade it with other cryptocurrencies directly in decentralized exchanges, but it would be better to be well experienced with cryptocurrencies before attempting it.
Does Ethereum have a future?
Ethereum is one of the most reputable projects in the crypto space. Thousands of applications take advantage of its powerful and decentralized network. There have been many other so-called Ethereum killers all these past years, but none of them got even close to Ethereum. The project is expected to keep advancing both in use cases and in value. The huge upgrade, Ethereum 2.0 is ongoing and will bring forth new frontiers.