Best Ethereum Casinos for 2022
Ethereum (ETH) is one of the most widely used cryptocurrencies online. The open-source nature of Ethereum has made it possible to create completely decentralized, transparent, and provably fair online casinos that allow users to retain complete control over their capital while betting. Here’s what you need to know about how to play at Ethereum casinos.
Choosing the Right Ethereum Casino
After Bitcoin, Ethereum is the most widely-used cryptocurrency for online casinos. Today, many different casinos accept Ethereum, but it’s still essential to assess these casinos carefully before betting.
A casino’s reputation and license are essential items to check. All ETH transactions are final and irreversible, so it’s vital to only sign up for platforms with a strong reputation for reliable payouts.
In addition to checking reputation and security, it’s also important to check out:
- Sign up bonuses and promotions for ETH players
- Customer support
- Payout reliability
- Game selection
Ethereum casinos offer the same games available in traditional online casinos — slots, poker, and roulette are some of the most popular games. A wide range of table games, slots, video poker, bingo and many more are available.
Ethereum gambling holds a significant advantage over traditional casinos as it allows users to maintain complete control over their bankroll, with instant withdrawals typically processed within 10-30 minutes.
ETH Welcome Bonuses and Special Promotions
Ethereum casino sites offer a wide variety of welcome bonus promotions and sign-up bonus options to attract new players. These are often matched deposit bonuses but can often include special promos or other unique promotions.
You can find the best Ethereum casino bonus sites in a table at the beginning of this article. Some of the most common Ethereum casino promos include:
- Matched deposit bonuses – These bonuses provide new players with a bonus balance that matches a certain percentage of their first deposit. The most common Ethereum first deposit matched bonus is 100%
- Free spins – Free spins for playing specific provably-fair slot games or depositing Ethereum
- Reload bonus – Players will receive these bonus promotions for making second, third, and consecutive ETH deposits to an Ethereum casino
In addition to new player bonus promotions, many Ethereum casinos also offer VIP or loyalty programs. These Ethereum casino loyalty programs are point-based in most cases, allowing players to collect points and access higher tiers of VIP rewards.
How to Deposit Ethereum
Depositing any cryptocurrency at an online casino tends to be extremely simple. All you need to do is copy/paste the casino’s wallet address, provided within the ‘Banking,’ ‘Cashier,’ or ‘Wallet’ section, into your exchange or wallet. Once you have done that, specify the amount you would like to deposit and click send. Every crypto casino will accept Ethereum through this method.
In most cases, dApps, better known as decentralized applications, integrate with Metamask, a browser extension that works like an Ethereum wallet. You can use Metamask to create a wallet, then fund that wallet with Ethereum. It’s best to treat Metamask as an intermediary between your Ethereum balance and a decentralized casino.
The only thing about Ethereum to be cautious with are the gas fees. Crypto casinos will rarely charge deposit fees, but you are more likely to see a fee applied to your transaction from the wallet or exchange to pay for the upkeep cost of the blockchain. In Ethereum’s case, these can be pretty volatile. Most casinos won’t charge a minimum deposit unless it’s to qualify for a deposit bonus or other promotion.
How to Withdraw Ethereum
Withdrawing Ethereum from a casino is a similar process to depositing it. First, find your casino’s ‘withdrawal’ page. Then, insert your wallet address as well as the amount you’d like to withdraw. You should be able to see that transaction within a few minutes.
Just be sure to double-check with the casino or your exchange to make sure you aren’t missing any transaction fees. Also, be sure to double-check to see whether your casino requires a minimum amount to be withdrawn.
Withdrawing Ethereum to a Metamask browser extension wallet or sending it directly to a crypto exchange will let users trade it directly for fiat currency such as USD, EUR, or GBP. Notably, Ethereum withdrawals from crypto casinos are much faster than traditional casinos — Ethereum transactions are generally complete within 30-40 minutes.
What Ethereum Casino Games Can I Play?
Ethereum casinos offer the most diverse range of casino games online. The best Ethereum casino sites offer the standard range of casino games expected of an online casino, such as Ethereum poker, slots, roulette, or blackjack, and make it possible to play a wide range of provably fair games.
The programmable nature of Ethereum smart contracts allows developers to create provably fair casino games that use blockchain technology. These games include roulette, blackjack, and dice, but they can also have more innovative games like Ethereum crash or Minesweeper.
Ethereum gambling isn’t limited to casinos. Many sports betting sites online allow users to gamble with Ethereum. Like traditional sportsbooks, sports betting sites that offer transactions in crypto still provide action on virtually all sports markets, with the added advantage of faster and cheaper Ethereum withdrawals.
Using Ethereum to Bet Online: What You Need to Know
Ethereum is straightforward to use, but it’s essential to remain aware of gas when making transactions. Gas is just the term used when determining the cost of crypto transactions.
Gas becomes essential when the Ethereum limit is under high stress. When gas limits and prices become high due to a large influx of transactions on the Ethereum network, ETH transaction fees can skyrocket. For this reason, it’s best to check gas limits and gas fees before making transactions to ETH casinos. Most exchanges will indicate the cost of a transaction before it’s made.
In addition to fees, it’s also important to remain aware of the following factors when using Ethereum to bet online:
- Anonymity: Ethereum isn’t anonymous — in most cases, you’ll need to provide ID information to buy or sell ETH
- Deposit fees: Some crypto casino sites charge a small deposit fee for Ethereum transactions
- Trust and safety: It’s essential only to use safe and secure crypto casinos that accept ETH. A complete list of safe Ethereum casinos is listed at the beginning of this article
Ethereum is the second-largest cryptocurrency by market cap and the most widely-used cryptocurrency globally when it comes to decentralized applications and use-cases. Like Bitcoin, Ethereum is a cryptocurrency that runs on a blockchain — but there’s a significant difference between the two: Ethereum is a game-changer for online casinos.
Unlike Bitcoin, Ethereum is open source, meaning that any piece of code within it may be copied and reused by anyone. The open-source nature of this blockchain allows Ethereum and its developers to create “smart contracts.” Players can use these smart contracts to develop complex applications for different industries, such as financial services, data management, and much more.
Ethereum smart contracts have created a new ecosystem of provably fair casino games. Rather than rely on casinos to publish transparency statements regarding odds, Ethereum gambling sites can now publish the smart contracts that power their games, making it possible for anybody to audit and verify them.
Ethereum transactions are typically executed faster than Bitcoin transactions and, in most cases, are subject to lower fees. As a result, the Ethereum token is lower in price than Bitcoin tokens but has far more applications and uses.
The launch of the Ethereum network created an entirely new ecosystem of decentralized applications, allowing developers to create provably fair casino platforms and games. In addition, Ethereum is extremely easy to use — the low cost of Ethereum transactions and the ability to exchange it for fiat currency or other cryptocurrencies rapidly makes ETH one of the best crypto casino coins online.