All You Need to Know About Ethereum Online Casinos
Ethereum is one of the most popular cryptocurrencies available today, increasing the need for legit and reputable ETH online casinos. With the recent rise of the value of other cryptos like BTC, Ethereum casinos are becoming more mainstream and attracting players who prefer anonymity and speedy transactions.
However, before you start playing, you must be fully informed about all aspects of Ethereum online gambling. Our CryptoGamba guide serves this exact purpose. We provide all the information a crypto novice might need before they start playing at any crypto online casino with ETH.
What is Ethereum?
ETH is one of the most versatile blockchain currencies, similar to Bitcoin and other cryptos, because it operates on an open-source global network. What differentiates it from other cryptocurrencies is the fact that it is more versatile without compromising speed and security. It is a popular cryptocurrency represented in many established and new crypto casinos.
How to Start Playing at an ETH Casino Online
To start playing, you will need to choose a crypto wallet and install and secure it. Then, you would need to buy ETH, which you can do by using any of the popular established platforms like Binance or Coinbase.
After your identity verification, you will be able to purchase ETH and sign up at a trusted Ethereum online casino. To do this, you can choose some of our recommended brands, which we’ve established to be trustworthy.
A good option would be Nummus Casino, as it has over 15,500 games from more than 125 providers. Alternatively, you can choose Ybets Casino as it has a welcome bonus of up to $8,000 match for new players.
Features to Expect at ETH Online Casinos
ETH crypto casinos are easily distinguishable because all of our recommended brands in this group have certain characteristics. First, these are legit crypto online casinos with long-standing reputations and loyal players from all over the world.
Moreover, these casinos feature excellent crypto bonuses for both new and existing players to maximise their betting budget. Most often, players will get a certain match bonus on their deposit in addition to some extra perks like free spins for slots or free sports betting chips.
On the subject of games, most ETH online casinos also offer a diverse set of game options suitable for players of all knowledge levels. You will find online slots, table games, live dealer titles and even speciality games like crash games, Keno, Dice, and many more.
Lastly, one thing that a player can expect at ETH casino sites online is impressive customer support. These casinos take their reputation quite seriously, which is why they offer 24/7 live chats, e-mail and phone support.
Advantages of ETH Casinos
Both ETH and BTC work on the same system and blockchain technology. However, our crypto experts report that BTC is more focused on transactions, whereas Ethereum is considerably more versatile, which is quite useful for online gambling. Due to this characteristic, it is an excellent solution for the Web3 innovations and movements of the crypto markets.
Another key aspect that makes ETH a serious contender of BTC is the speed of transactions. Often, casino deposits with Ethereum are processed instantly or in minutes. Unlike Bitcoin, where transaction speed is slow due to network congestion and can take hours, Ethereum’s current network upgrades keep improving this aspect. In addition to this, the anonymity and security offered by ETH casinos online are a true life-saver without the need to depend on banking hours.
Lastly, we cannot fail to mention the low fees associated with ETH compared to other cryptos and traditional banking methods. Ever since Ethereum completed its merge to proof-of-stake, transaction fees have been very competitive. This, in addition to no currency conversions, results in ETH slowly starting to make its way to the top and becoming a serious contender to Bitcoin.
Disadvantages of ETH Casinos
Unlike Bitcoin, ETH is not as common as BTC and is not available at all online casinos. As a result, the list of crypto casinos featuring Ethereum will be considerably shorter than the one with BTC.
Additionally, many crypto casinos only offer exclusive BTC bonuses, but not ETH bonuses, which is why ETH players might feel somewhat excluded at times. This doesn’t necessarily mean that there are no Ethereum bonuses, but their availability will be smaller compared to more popular cryptocurrencies.
Ethereum Casinos vs Fiat Casinos
Compared to traditional real money casinos, ETH online casinos come with a long list of perks. First, they offer lower fees while keeping faster transactions. Moreover, ETH casinos are most often international casinos available to players from every corner of the world, whereas fiat online casinos are oftentimes tied to local regulation.
For players, however, the biggest perk seems to be the unrivalled anonymity that ETH online casinos offer. With the governmental regulation of fiat currency at online casinos, ETH is a breath of fresh air, keeping authorities out of the business of individuals.
Ethereum Casinos vs Other Crypto Casinos
Although not as popular as BTC, Ethereum often provides a better gambling experience. Our CryptoGamba experts find that its support for smart contracts enables automated payouts, while decentralised applications (dApps) ensure transparency and game fairness.
Moreover, as a Web3 cornerstone, ETH allows casino sites to integrate tokenised rewards and decentralised identity management features. With Layer-2 scaling solutions like Optimism and Arbitrum, Ethereum casinos now offer faster and cheaper transactions, which is a better option for online casino gambling than most digital currencies, including the dominant one – Bitcoin.
Bonnie Gjurovska
Crypto Expert
Bonnie Gjurovska has been a gambling enthusiast since 2017. Her crypto journey began in 2019 when she first read a Twitter post. She then purchased Verge and Bitcoin as her first cryptos and developed a deep interest in blockchain, DeFi, NFTs, altcoins and protocols, scouring forums and communities for sharing knowledge. She is a strong believer in decentralization and digital economy, which stems naturally from her legal educational background.