After Bitcoin, Ethereum is the second-largest cryptocurrency globally. It has consistently been the runner-up and is obviously here to stay. It's extremely helpful for online casino gamblers in addition to providing a wide range of benefits to investors, developers, and crypto enthusiasts. Players can conduct business in online casinos and gamble using this digital currency just like any other. Even though it isn't offered by every online casino, it is definitely common, and only Bitcoin is a more powerful cryptocurrency in the world of online gambling. The most prevalent casinos are those that accept bitcoin, but Ethereum casinos are not far behind.
With so many exciting opportunities available, you're undoubtedly wondering how you can use ETH for casino gambling and which Ethereum casinos are the best choice for you. That's precisely what we want to explain in this piece.
We'll give you our picks for the top ETH casinos on the market, but we'll also tell you everything you need to know about using Ethereum in online casinos, how to deposit or withdraw, the pros and cons of this payment system, and more. So, without further ado, let's begin.
What Is a Casino on Ethereum?
A casino on Ethereum An online casino called Ethereum Casino allows you to gamble, make deposits and withdrawals using Ethereum. In other words, it takes the place of fiat money in your casino account online.
Casinos using ETH can be:
- Casinos accepting Ethereum among other payment methods at real money;
- Casinos that only accept cryptocurrencies, or just Ethereum, as a form of payment.
Ethereum casinos are not to be confused with Ethereum Classic casinos. The two use different cryptocurrencies — Ethereum or Ethereumn Classic.
At their core, Ethereum casinos are the same as regular online casinos. The main difference is that using Ethereum for gambling is more beneficial for several reasons:
- Transaction speeds are faster.
- Withdrawals are quicker, often instant.
- Fees are much lower.
- The payment method is more secure than traditional ones.
How to Get Started With Ethereum Gambling
Before you start using ETH on a casino site, there are a few things you need to understand. Moreover, you need to obtain a few things: a wallet and enough Ethereum. Let's see how all of this works.
Ethereum Wallet
An Ethereum wallet is the primary item you need to purchase before using ETH on a gambling website. Your Ethereum assets can be quickly transferred to any location using this digital app, including ETH casino accounts. These operate similarly to cryptocurrency wallets like a Bitcoin wallet, so if you've ever used one, you'll be familiar with how they operate. This is because most cryptocurrency wallets allow you to store both Bitcoin and Ethereum. If you've never used a crypto wallet, don't worry; they're fairly easy to comprehend, set up, and use. The main distinction between them and banking apps is that they use Ethereum rather than actual money.
Most Ethereum wallets are apps you can install on your phone or computer. You only need to register an account and set it up by following the instructions and inputting the necessary personal information. Once that's done, you can set up your Ethereum address, transfer some ETH, and start using it.
Naturally, you'll first have to buy ETH on an exchange if you don't already have it, as you would buy Bitcoin or some other crypto. In some wallets, you'll get the chance to buy or sell Ethereum directly in the app without having to visit crypto exchanges.
Some of the best Ethereum wallets you can get include Exodus, Coinbase Wallet, Electrum, Metamask, Trezor One, Ledger Nano, Guarda, and Atomic Wallet.
Provably Fair
If you're going to gamble in any crypto casino, you should know about provably fair games. This blockchain-led technology powers Ethereum games, Bitcoin games, and other crypto-casino titles.
It's a substitution for the widely known Random Number Generator technology that keeps the events in casino games random. Provably fair does a similar thing, but it also goes a step further — ensuring the functionality behind the game is fair and transparent.
Due to this, no one can later change the underlying RTP or house edge in the game, not even the casino in which you're playing. Provably fair is thus much better than RNG as it ensures players are never tricked by a casino or game provider by keeping the inherent randomness unchanged.
Payment Limits
Every online casino has specific lower and higher deposit and withdrawal limits players must respect. It's a way of ensuring players don't deposit too little or too much at a time and that they can't take a massive amount of money out of the casino when it can't afford to pay out due to cash flow limitations.
So, limits are necessary, and we've gotten used to them. However, Ethereum and other crypto casinos are changing this by placing broader payment ranges. Most notably, Ethereum casinos let you request larger payouts, so you can effectively take out all your winnings, even if they are much larger than usual.
Drawback Time
On many online casino platforms, withdrawal times have always been an issue, particularly for bank transfers and credit card withdrawals. These withdrawals typically take a day or less to complete and a maximum of seven or ten business days. For many gamblers, this is undoubtedly a lot of work and trouble. The withdrawal times are much quicker at casinos that accept Ethereum, though. They are even more rapid than Bitcoin transactions, which usually take 30 minutes or less. Ethereum transactions are among the best instant withdrawal casinos available because they are typically instant or nearly instant, taking only 15 seconds or less.
Naturally, this may vary from one casino platform to another because each casino must process a withdrawal first. As a result, processing an Ethereum withdrawal may take several hours or even a day. But in the majority of top-notch casinos, it will be over in a matter of seconds.
Consumer Assistance
Although it's not always the case, customer service at Ethereum casinos is typically superior to that at traditional casinos. These kinds of things are always unique to each casino. But what matters is that these casinos are frequently international, which means that in most cases, customer support is available around-the-clock.
Availability
Ethereum casinos are already ubiquitous, almost as much as Bitcoin casinos. As it's one of the most popular cryptocurrencies, finding a casino that covers Ethereum transactions won't be hard. In other words, if a casino covers cryptocurrencies, you'll almost certainly find Ethereum among them.
To choose a great Ethereum online casino, you must carefully assess its value, variety, and quality of games. To do that, make sure to check the following aspects:
- Casino license — A proper license is crucial in the gambling industry, and you want the place you've chosen to spend money on to be safe, fair, and legitimate. This is even more important with crypto casinos, as many scammer sites exist.
- Welcome bonus — Check the welcome bonus to see that it offers enough without imposing too many terms. This should be the case with other bonuses as well.
- Game library — As is the case with any casino, you want the ETH casino you choose to have an extensive game library that includes a wide range of slots, table games, live dealers, and other compelling titles from popular game providers.
- User interface — The casino needs to have a simple account set-up process, an intuitive interface, and a modern design that functions well.
- Withdrawal policy — This should be simple, without a strange fee, high limits, and regular wagering requirements on bonuses.
These are the basics, but you should also check a few other things like security, game provider list, and customer support. If it's all too complicated, you can always pick one of the ETH casinos we recommend, as we use this same methodology to select the sites we suggest.