Just like Bitcoin casinos, Ethereum casinos are popping up all over the internet. Ethereum is the second most powerful cryptocurrency, right after bitcoin, which makes it very desirable as a payment method in online casinos that use cryptocurrencies.
With this in mind, we have compiled for you a detailed top casinos with Ethereum as a deposit method, we will tell you how they function, what makes them good or bad and explain how you can join one of them. In fact, we will give you everything you need to know before you decide to join the Ethereum Casino and start playing your favorite games!No casino reviews found
What is an Etherium Casino?
In fact, Ethereum casinos are similar to any other casino, except that they offer Ethereum as a payment method. Everything else in the casino remains the same: you get the same casino games, the same platform, the same chances of winning. You can play the same games, with the addition of the ability to deposit and withdraw Ethereum instead of the usual currency.
However, it is important to understand that Ethereum casinos offer another option when it comes to payments — smart contracts. Most other crypto casinos do not offer such an opportunity, but since Ethereum is both a platform and a crypto coin (Ethereum or Ether), online casinos offering Ethereum as a means of payment can also offer smart contracts.
Smart contracts are agreements between two parties. In the case of a casino, a smart contract is an agreement between the casino and the player. Thanks to the advantages of blockchain technology, these contracts ensure that no party can violate the smart contract. This makes these contracts ideal for online casino players, as they guarantee that the casino will always pay out winnings.
Moreover, once you receive Ethereum, the casino cannot return it back, because Ethereum transactions cannot be canceled. All this is recorded in the digital code of the smart contract, and it cannot be changed or canceled. In addition, smart contracts are public.
Is it legal to play at an Etherium Casino
Ethereum casinos look very good, but are they legal? Naturally, the answer to this question depends on your location. Depending on whether online casinos and cryptocurrencies are considered legal or illegal in your country, this may or may not be legal.
If you have not played at any online casinos before and you know that they are not legal in your country, you will have to find an offshore casino that accepts players from your country.
Fortunately, there are many offshore Ethereum casinos that serve players from a wide variety of countries, just as there are many Bitcoin casinos that do this. Both of these cryptographic systems are very popular, so many online casinos offer them as payment options.
Advantages of Ethereum Casino
Like all other cryptocurrency casinos, Ethereum casinos offer many of the same advantages, as well as some additional ones that are unique specifically for this cryptocurrency.
One of the most important advantages is the anonymity that you get when using Ethereum. Making payments to and from an online casino is always difficult due to the bureaucracy and the huge number of procedures that banks and most other payment systems have. With Ethereum, most of this can be avoided, again, due to the advantages of blockchain technology. That’s why you only need an email, while any identification documents are not needed.
(ALMOST) INSTANT PAYMENTS
Another advantage of cryptography is that payments occur almost instantly. It depends on the specific coin and casino in question, but with Ethereum, payments are always very fast. As a rule, the deposit time ranges from a few minutes to several hours, while withdrawals usually take from one to 24 hours.
No matter how long it takes, you’ll love the fact that you don’t have to pay any fees for transactions with Ethereum. Smart contracts and transactions themselves are not supported by any organization or company, so there is no need for fees. Naturally, this applies to both deposits and withdrawals, and since this whole service is not facilitated by anyone, the casino should also not charge a commission.
Disadvantages of Ethereum Casino
As is the case with most crypto casinos, casinos with Ethereum also have very few disadvantages. The main disadvantage is always the fact that there are not as many of them as other online casinos. Not every institution is ready to offer cryptocurrency as a payment method, so it is always more difficult to find a great casino with Ethereum than to find a great online casino that offers only the usual currencies.
In addition, another disadvantage is the fact that the price of Ethereum is very volatile, like the price of any other cryptocurrency. However, for some players, this is an advantage, since it allows them to hold the cryptocurrency until their price becomes high enough for exchange.
How to Start Playing at Ethereum Casino
Opening an account in an Ethereum casino involves the same procedure as in other online casinos. The main difference is that you need to buy Ethereum and find a good Ethereum casino.
You can buy it on any cryptocurrency exchange. After you buy the required amount, you will need to store it in a crypto wallet. The most secure wallets for cryptocurrencies are those that you can store locally, because no one can hack them, except by physically taking possession of your device.
Once you have Ethereum, all you have to do is find a good Ethereum casino and sign up. To find a good casino, you need to answer a few questions:
Does the casino allow players from your country?
Are instant transactions allowed?
Does the casino have an excellent reputation?
How good are the bonuses offered by the institution?
If the casino meets all these requirements, then you can register and start playing!
In general, as you can see, an Ethereum casino can be a great choice if you find a good institution for yourself. They function in the same way as other online casinos, but the fact that they use Ethereum allows you to have lower fees, better chances of winning and faster payments.
Given that they have very few disadvantages, there is no need to avoid these casinos. As long as you are ready to invest in cryptocurrencies, joining a good Ethereum casino is a great choice.
Frequently Asked Questions
What is an Ethereum Casino?
As you have already read in this article, Ethereum Casino is no different from all other online casinos, except that they offer Ethereum as a payment method, and sometimes smart contracts.
Can my Ethereum be stolen?
The best way to answer this question is to say that your wallet is more likely to be stolen than Ethereum. It is stored in a digital wallet that has unique credentials known only to you. So, if someone does not find out your credentials, you will not be able to lose this wallet. If the wallet is local, then no one can access it, except by physically taking possession of your device.
Is Multiple Ethereum Casinos Safe?
Almost 100%, like all other online casinos. As long as they invest money in their security, there is nothing to worry about. As for the Ethereum itself, it is almost impossible for someone to steal it from you because of the inherent security of blockchain technology.
Are there any bonuses in the Ethereum casino?
There is, as in all other online casinos. Naturally, bonuses at the Ethereum casino tend to revolve around it and free spins.
How can I withdraw my Ethereum income from the casino?
This happens the same way as with any other currency. All you have to do is go to the checkout and choose Ethereum as your currency.