Top Online Casinos that Accept EthereumMore and more people are attracted to online casinos that offer cryptocurrency payments. Ethereum casinos are one of these, as it offers anonymity and safety that other payment methods just can’t match. This is because of the use of blockchain technology, which makes it extremely difficult for hackers to access information or tamper with game outcomes. Ethereum and other crypto casinos also offer better odds and much lower costs than traditional online casinos with fiat banking methods.
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Intro to Ethereum Casinos
Cryptocurrencies like Ethereum use blockchain and smart contracts. They’re also referred to as cryptography, making it a secure currency that’s virtually impossible to counterfeit. Most cryptocurrencies are decentralized, with no government or central bank regulating them. Ledgers are also distributed among different computers in a network. Because of its decentralized nature, cryptocurrency isn’t under the control of any bank or government facility, and it can’t be manipulated like fiat currencies.
An Ethereum casino is an online casino that accepts Ethereum as a payment method. These casinos usually accept all the big names in crypto, and some still accept traditional payment methods as well. You’ll find many unique features at Ethereum casinos, like crypto-only games.
Online Casinos Accepting Ethereum – By Category
Many online casinos accept Ethereum as a payment method. It can be tricky to find a safe, reputable, and fun Ethereum casino. Our team of experts reviewed many Ethereum casinos to find the best online casinos to play at in a variety of categories. Some of these categories include slots and other games, software providers, user experience, and customer support.
When we review an Ethereum casino, there are certain critical aspects we consider. These aspects include the licensing and regulation the casino holds, the game selection and software providers, and the responsiveness of customer service. With traditional online casinos, we consider withdrawal times and payment methods, but this isn’t necessary for an Ethereum casino. When we review crypto casinos, you can ensure peace of mind when opening an account. You’ll know what to expect and that you’re safe with these crypto casinos.
Advantages of Ethereum Gambling Transactions
Every payment method has pros and cons. With Ethereum and other cryptocurrencies, there are generally more advantages than disadvantages. This is part of the reason why these casinos are booming.
Ethereum casinos hold benefits like decentralization and anonymity, advantages that few traditional casinos can claim. These are just some of the many advantages, including fast transaction times.
The use of blockchain technology brings its benefits, including security and provably fair operations. Blockchain technology allows all transactions to be traceable. You can expect high transaction limits with Ethereum casinos. Much higher than traditional online casinos.
Safe & Secure
Online casino transactions made with blockchain technology, like Ethereum, offer safe and secure transactions. These transactions can’t be reversed or even changed after it’s been completed. It makes it impossible for hackers to access any information shared between the casino and the player.
Since Ethereum casinos use blockchain technology, they’re provably fair. Plus, with the decentralized nature of Ethereum, these casinos don’t have to rely on third-party fairness testing labs and can be provably fair on their own.
High Transaction Limits
Another benefit of the decentralized nature of Ethereum is the high deposit and withdrawal limits. You can expect much higher limits than you’ll find at traditional online casinos because no government or bank involvement has regulations to place any limits.
Since all Ethereum casino transactions are made using blockchain technology, there’s a clear record of every transaction that’s taken place. Transactions can’t be erased or altered, and the ledgers are decentralized. So, you can easily trace every payment to and from the Ethereum casino. On the other hand, transactions can’t be traced back to you, which offers you anonymity while playing at an online casino.
Disadvantages of Ethereum Payments
Any payment method has disadvantages, and unfortunately, Ethereum isn’t immune. While the advantages far outweigh the disadvantages, to help you make informed decisions, we need to mention these.
Cryptocurrency has always been volatile and has had a few big dips, but also massive climbs in value. When making deposits and withdrawals with online casinos, you take a risk with the value of the currency you get back.
Availability of Online Ethereum Casinos
While gaming at online casinos with Ethereum is becoming more popular, many casinos accept Ethereum as a payment method. However, there are still many more casinos that don’t accept it. The availability of Ethereum casinos is still limited, although this will most likely change with time.
Bit of a Hassle
To start playing with Ethereum can be a bit of a hassle. You need to get a crypto wallet and find an exchange. There are a few administrative hassles that you need to go through before you can start to play at an Ethereum casino.
Is Gambling at an Ethereum Casino Safe and Secure?
One of the biggest advantages of Ethereum casinos is the safety and security it offers. Due to the use of blockchain technology, every transaction is traceable. With that, hackers also can’t change or interfere with transactions.
It’s crucial to note that you still need to play at an Ethereum casino that holds the necessary licensing, and follows the rules and regulations set out by the regulatory body. You should look at Ethereum casinos that hold a Malta Gaming Authority (MGA) license or a Curacao eGaming license, as these two bodies are the biggest regulatory authorities for crypto casinos.
You can read reviews about a casino before you commit to depositing Ethereum. Player reviews and third-party reviews are invaluable to making an informed decision. We have in-depth reviews of the top Ethereum casinos, where we look at the most important aspects that make it a good online casino.
How to Deposit using Ethereum
Before you can start gambling with Ethereum, there are a few steps you need to follow:
- Step 1: Find a good crypto wallet, and create an account.
- Step 2: Choose a reputable crypto exchange. You’re going to use this exchange to buy your Ethereum.
- Step 3: Find your favorite Ethereum casino.
- Step 4: Open an account through the ‘sign up’ or ‘join now’ tab, and follow the prompts.
- Step 5: Go to the banking tab, choose to make a deposit with Ethereum, and follow the prompts.
How to Cash Out From a Casino With Ethereum
Here are four steps to follow when making a withdrawal from an Ethereum casino:
- Step 1: Log into your casino account.
- Step 2: Go to the banking tab.
- Step 3: Select withdrawals.
- Step 4: Choose the amount you want to withdraw using Ethereum.
Ethereum Casinos: Fees, Transaction Limits, and Time
With all the benefits that Ethereum casinos have, transaction fees, limits, and time may be the biggest. When you make Ethereum transactions with an online casino there are no fees involved. Many other payment methods ask for a small transaction fee, but this isn’t the case with Ethereum. All transactions with this cryptocurrency are free.
Another huge benefit is that transactions only take up to 15 seconds to reflect. This is faster than any other cryptocurrency, and any traditional payment method.
Transaction limits are much higher than in traditional online casinos. This is because of the decentralized nature of cryptocurrency, with no interference from banks or governments. Many Ethereum online casinos have no limits for deposits. The same is often true for withdrawal limits. While most traditional online casinos have withdrawal limits per day and month, this isn’t the case for many Ethereum casinos.
What Are the Best Alternatives to Ethereum Casinos?
While there aren’t any real alternatives to gambling with cryptocurrency, there are a handful of traditional payment methods that are secure and easy to use. Many Ethereum casinos will accept other methods of payment.
Most Ethereum casinos will accept a Visa or Mastercard for deposits and withdrawals. Deposits should reflect in your casino account immediately, while withdrawals can take up to seven working days. There are also small costs incurred with both deposits and withdrawals. Most casinos will have deposit and withdrawal limits, which are sometimes not as high as players would prefer.
E-wallets like Skrill, PayPal, or Venmo are popular and safe methods to use when making deposits and withdrawals from a casino. You can open an account with any of the available e-wallets, and make deposits and withdrawals quickly and easily. Deposits usually reflect instantly, while withdrawals can take up to seven business days.