Playing casino games with digital currencies is on a path to becoming the norm. The gaming market has been making steady strides on the technical front to catch up to the explosion of the new money formats. The result is growing gaming and feature variety.
Along with Bitcoin, Ethereum is one of the two most popular cryptocurrencies as of right now. Having started in 2015, the value of the decentralized, open-source cryptocurrency has raised significantly thanks to the increasing number of daily transactions with it. If in 2017, there were only 50k transactions per day using Ethereum, in 2021, this number has risen to 1.3 million per day. The popularity of the blockchain currency created by Vitalik Burerin continues to grow.
The following paragraphs of this review will take a closer look at the main aspects of gambling with Ethereum. We will present you with information on how to use it, how to make deposits and withdrawals, and what kind of games and bonuses you will have at your disposal. Keep reading to learn the details.
How to use Ethereum for gambling
Before you start playing at an ETH casino, you need to sort out your crypto collection system. For that purpose, you need a digital wallet with its own digital address. In short, an Ethereum wallet is a place where you can send to and store Ethereum. You can also send Ethereum to other addresses from it. That address – your account – is generated automatically by the wallet when you install it on devices like a desktop computer, external hard drive or flash drive.
There is a wide range of wallets you can choose from. It is important to remember that it doesn’t matter which one you download. Once your account is created, you will be able to move it from wallet to wallet if you choose to do so. Some viable wallet options include Fortmatic, BitKeep, ZenGo, AlphaWallet, Linen, and Status.
After creating the wallet, you’ll need to take note of a few simple rules to ensure absolute security. For example, you need to remember or record the speed phrase that you will receive from your wallet. You can use the speed phrase to recover your account. Then, if you are using a web wallet, remember to bookmark it to protect yourself from phishing schemes.
Also, one of the most important tips we can give you is to install the wallet on a device that is not directly linked to the network and keep it disconnected when you are not using it. Such devices can be an external hard drive or a flash drive. With this, you’ll be good to go.
Games and Slots with Ethereum
Playing with this currency will not limit your gaming variety. You will have access to pretty much every game type that you would have access to with fiat currency, including live play. There are plenty of licensed Ethereum online casinos out there, some of which are hybrid casinos, which means that you can play both with different cryptocurrencies and fiat currencies.
You will be impressed by the large number of slots available to Ethereum users. The best Ethereum casinos offer in excess of 2000 and up slots for your entertainment – some of which with progressive jackpots. The long list of games is continuously expanded with new titles every month. For some reason, Ethereum users tend to favor titles like FortuneJack, Age of Asgard, Ice Pirates, and Chimney Sweep, but this is not where your options run dry. You can still try your luck at all-time favorites like Mega Moolah, Megaways, and other slots from NetEnt and Thunderkick. The no sign up ETH casino option is available for some of the games.
If you are into the more traditional games, then you can take advantage of the large selection of classic table games at Ethereum online casinos. Multiple versions of card and dice games, like Ethereum casino Blackjack, Roulette, and Craps, will be at your disposal. Not only that but you won’t have to shuffle the options too long to find a decent ETH casino with baccarat too – if that’s your thing. The breadth of options is further boosted by the availability of live casino Ethereum sections with real dealers.
You will also encounter many types of poker at more than one ETH casino. For example, you will be able to test your skills against other players at Texas Hold’Em, Omaha, Seven Card Stud. The single-player option of Video Poker is also on the table. Make sure to follow the games’ sections of your favorite platform for the newest Ethereum casino poker releases.
You will find more than one casino Ethereum with sports betting sections, which can give even the best fiat currency sportsbooks a run for their money in terms of variety of sports markets. Also, a rather new ETH casino practice is to provide lottery and custom Ethereum games.
Deposit and Withdrawal Limits Using Ethereum
Every casino has its own policy on deposit and withdrawal limits, so they may vary from one operator to another. However, most crypto-based casinos are famed with that they offer higher withdrawal limits than fiat currency casinos, which appeals to the high-roller player.
Expect a minimum deposit amount of $10 in Ethereum worth and a maximum of around $5,000.
How to Make a Deposit Using Ethereum
Once you have your wallet set up, you’ll have to perform a series of steps from the profile section of your chosen online casino. Here they are:
First, go to Cashier.
Choose Ethereum.
Copy the wallet address of the casino.
Use the copied address to enter it in the designated box in the wallet where you keep your Ethereum.
Confirm the amount and send.
You should be able to see the funds in your casino account within 2 minutes.
You can alternatively use the QR code generated in the Casher section of the casino. This is especially useful if you’ve installed your wallet on your mobile. You can simply scan the QR code and the necessary link between the two wallet addresses will be established. You’ll only need to define the amount that you want to send to your casino account balance.
Most Ethereum wallet addresses are 40 characters long and use the prefix 0x. Some may be longer.
How to Get Paid Using Ethereum
Withdrawals require you to know the exact string of characters for your wallet address. You can easily find the address when you go to your wallet and click ‘Receive’. Select Ethereum – this is important. This will show you your 40-character long address. Simply copy it. Then perform the following steps:
Go to Cashier.
Select the option to receive your funds in Ethereum.
Specify the amount and paste your wallet address in the necessary field.
Accept the transaction.
In most cases, you’ll get your crypto money almost immediately. This is one of the main advantages of using Ethereum and other cryptocurrencies over fiat money. However, if the withdrawal is too big, the casino may reserve the right to review the transaction, which may delay the process by several hours.
Alternative Cryptocurrencies for Online Gambling
If you are into cryptocurrency and online casino gaming, you would know that Ethereum is just one of about two dozen crypto options to play with. The most popular crypto gambling sites out there support the 10 most popular cryptocurrencies like Bitcoin, Ethereum, Binance, Tether, Solana, Ripple, Avalanche, Litecoin, and more.
It will be up to you to choose a convenient option. Even if you have committed to one cryptocurrency, you can use the exchange markets to buy another that you might feel is going up in value. If you choose a decentralized currency, you will be enjoying great protection to your personal details.
Bonuses at Ethereum Casinos
An online casino Ethereum is not too different from a fiat currency casino. You’ll encounter most bonuses that you are used to at standard casinos. Here are the types of promotions, you’ll see:
Free Spins
Ethereum casinos have a strong focus on slot As a result, you can spin at will and take advantage of varying free spins bonuses.
Welcome Bonus
You will find this bonus at almost every licensed Ethereum casino. Depending on how specialized the casino is, it could be in fiat currency, Ethereum, or another cryptocurrency.
Cashback Bonuses
At some Ethereum casinos, you’ll find monthly cashbacks on the money you’ve deposited during the previous month. This could range, depending on the operator, from 1% to 15-20%.
Reload Bonuses
Every time you add funds to your account, you will receive a percentage of them back in the form of Ethereum casino bonus credits or free spins.
No Deposit Bonuses
Although no deposit bonuses are hard to find at all casinos – Ethereum operators included – you will stumble upon some tasty offer now and then. The criteria to win them would depend on the specific operator.
Loyalty Program
The best Ethereum casino usually has very rewarding loyalty schemes. These programs award you for your wagers or deposits with loyalty points, which can then be exchanged for various prizes or exclusive promotions.
You can claim some of the promotions with a bonus code. Finding the best bonus code for Ethereum casino would be a matter of keeping a close eye on the latest Ethereum casino offers in the promotions pages of their websites.
Pros and Cons of Ethereum Casinos
As with any other casino, Ethereum-focused operators have their pluses and minuses. It is important to remember that cryptocurrency casino game playing is a work in progress, so although there is a lot of variety in gaming options, you might not find some of the popular titles that you are used it. Thankfully, compensation comes from a whole lot of other benefits. Here are the main pros of playing with this digital currency:
Pros
Super-Fast Transactions – Transactions are much faster than Bitcoin and fiat currency transactions – taking only a few seconds to process.
More Options Than Other Cryptocurrencies – Ethereum is currently the second most popular cryptocurrency. As a result, you will enjoy more games.
Complete Anonymity – The decentralized blockchain nature of the cryptocurrency will grant you complete anonymity online.
Cons
Number of Casinos – While Ethereum is second in popularity, behind Bitcoin, you’ll find fewer casinos that support it.
Somehow Complicated Wallet Set-Up – To play with this digital currency, you need to download and install your Ethereum wallet.
New Users May Find it Daunting – Those unfamiliar with cryptocurrencies may find setting up the Ethereum system difficult.
Ethereum online casino gaming is still in development. We’ll likely see more and more casinos pop up in the future and the whole process will simplify further. So, don’t be put off by the current situation.
Conclusions
Playing casino games with Ethereum offers a number of advantages over the established method. The popularity of this currency is such that it does not limit the type of games you can play. You can play slots, classic casino table games, poker, and even lotto. And this is not all. You will be able to take advantage of the full breadth of bonuses out there.
If we are to be picky, some users may find it too hard to set up their Ethereum payment system, but there are plenty of easy-to-follow instructions on how to do it – including in this guide. It is encouraging to see more and more players choose to play with Ethereum and other cryptocurrencies, as it gives them a number of benefits. If you are into privacy online, then there’s hardly any better option right now. Overall, we recommend that you try a licensed and proven ETH casino online of your choice.
We hope this Ethereum online casino guide significantly builds on other ETH casino reviews and answered all your questions. We described the basics of how to use this currency for online casino gaming, like game and bonus variety, how to deposit and withdraw, and listed out the pros and cons. In the FAQ section below, you will find short answers to key questions about Ethereum gambling.
Is it safe to make a deposit using Ethereum?
Absolutely, Ethereum casinos are safe and secure, just as long as they have a valid license from a recognized body. In your initial research, make sure to find out what their license is and whether they have a valid SSL certificate.
How to deposit using Ethereum?
After you’ve set up your wallet on a device of your choice, go to Cashier in the Ethereum casino. When you select the Ethereum option, copy and paste the wallet address of the online casino ETH. Go to your wallet and click ‘Send’. Paste the address there, type in the amount and confirm.
Is it legal to play at a casino using Ethereum?
The legality of an online Ethereum casino would depend on whether the country you are living in allows it.
Are Ethereum casinos anonymous?
Ethereum is a decentralized, blockchain-based cryptocurrency that safeguards your identity online. However, be sure to check the official credentials of your casino of choice to ensure full security. Look for licenses, SSL protection, and sound banking practices.
Are there any Ethereum casinos?
Yes, there is more than one option that can be safely called the best ETH deposit casino. You can find and try viable options at some Ethereum casino reviews online. However, make sure to follow standard research practices to double-check the information. The best ETH casino is usually the one that is licensed, has all security measures in place, great bonuses and game variety.
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