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How to Use Ethereum for Online Gambling
Ethereum is the second-biggest cryptocurrency in the world, right after Bitcoin. It has been the runner-up for a long time, and it's clearly here to stay.
Besides the fact that it offers a wide range of benefits to investors, developers, and crypto enthusiasts, it's also incredibly useful for online casino gamblers. Players can use this digital currency like any other to make transactions in online casinos and gamble.
It's not available in every online casino, but it's certainly widespread, and out of all cryptocurrencies, only Bitcoin is a more dominant force in online gambling. Bitcoin casinos are the most numerous, but Ethereum casinos are a close second.
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 an Ethereum Casino?
An Ethereum casino is an online casino that lets you use Ethereum to make deposits and withdrawals and, most importantly, gamble. In other words, it replaces fiat currency in your online casino account.
ETH casinos can be:
- Real-money casinos that offer Ethereum as one of the various payment methods
- Crypto or ETH-exclusive casinos that only let you gamble with cryptocurrencies or just Ethereum
Ethereum casinos are not to be confused with Ethereum Classic casinos. The two use different cryptocurrencies — Ethereum or Ethereum 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.
The main thing you need to get to start using ETH on a gambling site is an Ethereum wallet. This digital app interacts with your Ethereum assets and lets you quickly transfer them anywhere, including ETH casino accounts.
If you've ever used a crypto wallet like a Bitcoin wallet, you'll know how these work as they are essentially the same. That's because most crypto wallets let you store both Ethereum and Bitcoin.
No worries, if you've never used a crypto wallet, they are pretty simple to understand, set up, and use. They are essentially the same as banking apps, with the main difference being that they use Ethereum instead of cash.
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.
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.
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.
In essence, where traditional real-money casino transactions have limits of $50 to $5,000, Ethereum transactions can be as low as $20 and as high as $100,000.
These withdrawals typically take a day at the least and up to seven or ten business days at most to complete. This is certainly a lot and a hassle for many gamblers.
However, with Ethereum casinos, the withdrawal speeds are much faster. They are even faster than Bitcoin transactions which typically take around 30 minutes. Ethereum transactions are usually instant or virtually instant as they take only 15 seconds or so, making them some of the best instant withdrawal casinos you can use.
Naturally, this might differ from one casino platform to another, as every casino has to process a withdrawal first, so it might take a few hours or a day to process an Ethereum withdrawal. But, in most high-quality casinos, it will be finished in only a few seconds.
Customer service is typically better at Ethereum casinos than in regular ones, but that's far from a rule. Things like this always vary on a casino-to-casino basis. Still, the important thing is that these casinos are typically international, which means that customer support operates 24/7 in most cases.
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.
Setting up an account in an Ethereum casino is very simple, just as it is in any other online casino. You'll only have to input the necessary personal details, and your account will be ready in no time.
Moreover, in crypto-exclusive casinos, the process will be done in barely a minute as you don't have to provide as much personal information as you usually do. Plus, there's no identity, age, or address verification afterward.
Choosing the Best Ethereum Online Casino
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.
Ethereum Casinos vs. Traditional Casinos
In general, there aren't many differences between traditional international casinos and Ethereum casinos. The only real difference is that Ethereum casinos let you use Ethereum instead of fiat currency, or they let you use both. In contrast, traditional online casinos only use fiat currency.
This is a big difference as Ethereum is not regular money; it's a digital currency more akin to investment due to its price volatility.
The other unique aspect that's not always as pronounced is the existence of provably fair games. We already mentioned them and that they only exist in crypto casinos like ETH gambling sites.
Ethereum vs. Bitcoin Casinos
The main difference between the two crypto casinos is obvious — one uses Ethereum and the other Bitcoin. The two coins are juggernauts in the cryptocurrency world, so they are both quite popular in the gambling realm.
However, despite the many similarities, it's usually argued that Ethereum is better for gambling because of a few small but significant differences:
- Ethereum transactions are much faster.
- Ethereum carries lower fees.
- Ethereum uses smart contracts, making ETH transactions safer than BTC ones.
Ethereum Gambling Pros and Cons
Let's look at the most important pros and cons of ETH gambling so you can easily decide if it's the right option for you.
- It is a very secure option for gambling.
- ETH casinos are getting more popular with every passing day.
- Ethereum bonuses are typically better than regular ones.
- Transactions are faster.
- Fees are incredibly low or nonexistent.
- Your winnings increase in value when the price of ETH rises.
- You have access to provably fair games.
- Ethereum is very volatile.
- Some sites might only let you make ETH transactions, while you don't get to play in ETH.
- Legality is vague in many countries.
- There are no refunds.
Our Top 5 Ethereum Gambling Sites
Now that we've explained most of the things you need to know about gambling with Ethereum let's look at our pick for the top five ETH gambling websites currently available.
Rocketpot Casino is a massive online casino with a Curacao license that offers more than 3,500 games and a diverse payment system incorporating Ethereum, other cryptos, and several traditional options like Visa and Mastercard credit and debit cards.
You get instant withdrawals, and the games come from around 50 prominent providers like Quickspin, Betsoft, Microgaming, Netent, and Play'n GO.
- Wide range of payment options, including crypto
- Instant withdrawals
- Massive game library
- Many notable game providers
- Country restrictions
Bets.io is a relatively new online casino that's been with us since 2021. It's a crypto-exclusive casino that uses Ethereum, Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and a few others.
Due to this, the cashouts are extremely fast, often instant, and you get to pay very low fees. But that's not all, as you'll also experience around 2,200 high-quality games, including crypto titles.
- Great option for beginners
- Fast to instant payouts
- Low or zero fees
- Great game diversity
- Lucrative bonuses
- No app
- Not enough info on the owner
JustBit is one of the top crypto casinos you can use today, even though it's a newcomer to the scene. It uses almost a dozen cryptos for deposits and withdrawals, and the payouts are always quite fast.
Moreover, the game library is massive, with around 4,000 games from a wide range of providers. You can also use several attractive bonuses and benefit from the fantastic customer support system.
- Many bonuses on offer
- Massive and diverse game library
- High-quality customer support
- Excellent provider list
- High wagering requirements on most bonuses
WildCoins Casino is a 2021 online casino that's already carved its place in the crypto gambling market. It offers only six cryptocurrencies for deposits and withdrawals, but all are very popular, like Ethereum, Bitcoin, and Litecoin.
It offers a massive welcome bonus and a few other exciting promotions you're bound to like. You'll hardly miss a thing on the site with a great library of more than 1,500 games from many providers.
- Several interesting bonuses
- Good game and provider diversity
- Very easy-to-use site
- High-quality and fast customer service
- Could use more live dealer games
Kineko is a modern gambling site that's primarily a sportsbook but also offers an extensive casino section. It's both a traditional and a crypto gambling site, with Ethereum being the main cryptocurrency it uses.
The site has around 500 casino games, but their diversity is excellent, with numerous slots, roulette, baccarat, blackjack, and poker games. What's more, they all come from many notable providers.
- Diverse game library
- Good game provider list
- Great site for beginners
- Low fees and fast payouts
- Could use more games
- Primarily a sportsbook
Ethereum Casino Games
As previously stated, Ethereum casinos have games that are pretty much the same as those found in regular casinos, with the only addition being provably fair games.
Table games are found in ETH casinos, but these sites usually focus on offering diversity, not numbers. Crypto casinos focus more on slots, but you'll always find many table games like baccarat, roulette, blackjack, poker, and numerous game shows.
Blackjack games are always the most prominent table games in ETH casinos, just like in regular casinos. Besides standard titles, you'll also get to play Ethereum blackjack games based on probably fair technology.
Live Dealer Games
Live dealer games are abundant in Ethereum casinos, especially on the more popular sites with extensive game libraries. As always, you'll get to play many live dealer blackjack, baccarat, and roulette games, but also a few others like craps and various game shows.
Slots are the most numerous games in Ethereum casinos, and most of these sites focus on offering a wide range of slot games from various providers. This ensures they're providing players with great diversity, so these games never get repetitive to casino users.
That's why you'll get to choose from various themes, bonus features, and more. You'll also usually get a significant number of provably fair slots.
Sports betting is often part of Ethereum casinos, especially on crypto-exclusive sites that can afford to be diverse in their offering. Moreover, many Ethereum casinos are primarily sportsbooks, with broad coverage of sports and even virtual sports and esports.
Ethereum Casino Bonuses
Ethereum casino bonuses are the same as regular bonuses, at least in what they offer. However, when it comes to amounts, Ethereum casino promotions are among the highest and best casino bonuses on the market.
A welcome bonus is a common sight in every online casino nowadays, and the same goes for Ethereum casinos. However, they are often much larger here, offering bigger matched percentages and higher bonus fund limits.
A similar thing is true for wagering requirements, which are sometimes lower than those in regular casinos.
You'll also often get free spins bundled in these welcome packages.
Ethereum casinos also have a wide range of other bonuses, frequently repeated weekly or monthly. This includes deposit bonuses, cashbacks, free spin offers, and many others.
Tournaments are becoming more popular in the online gambling realm, and crypto casinos like ETH casinos are at the forefront of this trend. That's why you'll often find various slot and table game tournaments in Ethereum casinos, including the sites we recommend.
The rewards are usually in fiat currency but also in Ethereum and free spins.
Many Ethereum casinos have VIP programs, which usually function similarly to most other VIP programs. You only need to gamble and make deposits to collect points and advance through levels. Each new level brings new prizes, and this is where many casinos tend to offer something different and unique to differentiate themselves from the pack.
Ethereum Gambling: Legal and Safe?
Ethereum is inherently highly secure, just like Bitcoin and other major cryptocurrencies. It's often safer than traditional payment methods.
As for the legality, this entirely depends on your location. Some countries allow cryptocurrencies, while others don't. However, this is the case with fiat online gambling in general, so there are no significant differences here.
Remember that as long as cryptocurrency is legal in your country and you're using a reputable and licensed ETH casino, you have nothing to worry about.
Our Opinion on Using Ethereum for Online Gambling
Ethereum is perfect for gambling. It's easy to use and obtain and offers many benefits on gambling sites. It's one of the top cryptos you can use for gambling because of swift processing times, low transaction fees, and high security. Many would argue that it's the best cryptocurrency to use on gambling platforms.
On top of that, Ethereum casinos are numerous, so you'll get to pick from a wide range of notable casino sites. Just choose a casino from our list and see how lucrative and exciting gambling with Ethereum can be.
What is an Ethereum casino?
An Ethereum casino is a regular online casino that accepts Ethereum as a payment method and lets you gamble with this cryptocurrency instead of fiat currencies.
Can I use ETH for playing at online casinos?
Yes, you can. As long as the casino in question supports Ethereum deposits and withdrawals, you'll be able to use it.
Is Ethereum a good crypto for online gambling?
Yes, certainly. If you don't mind the price volatility or know how to use it to your advantage, Ethereum is ideal for gambling. It offers security, privacy, low or zero fees, much faster transaction speeds, and seamless deposits and withdrawals.
How fast are ETH casino withdrawals?
Like all crypto withdrawals, ETH cashouts are typically instant. If not, they might take a few seconds, a few minutes, or up to a day.
How many casinos accept Ethereum?
There are no exact numbers, but it's estimated that at least a few hundred online casinos accept Ethereum.
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