Ethereum

Online Casinos are quickly adopting Ethereum as a payment method. Here, we list the best Casinos embracing Ethereum wallets and blockchain technology. We also explain gas prices, review ETH bonuses and explain how to start using Ethereum for your gambling and betting.


Ethereum Casinos

Overview

Ethereum has a very peculiar status in the crypto-world as it refers to two distinct items. On the one hand, what is called “Ethereum” is a decentralized and blockchain based computing platform.

In simpler terms, it is a state-of-the-art blockchain program developed by Vitalik Buterin and released in December 2013.

This computing platform uses the “Ether” as a unit of account and payment medium. This crypto-currency is usually abbreviated “ETH”, the first three letters of its name. Ether is today the world’s second crypto-currency in terms of total market capitalization (with more than $23 billion). This article will explain everything you need to know about using this rising crypto-currency on online casinos.

Bonuses

To encourage the adoption of crypto-currencies, some casinos are offering crypto-specific bonuses and removing all deposit and withdrawing fees on crypto-transactions.

Regardless this general trend, there is still a large degree of variation from one casino to another. To avoid any disappointments, feel free to check the bonus terms of the Ethereum casinos listed in this article.

With or without specific bonuses, news users depositing funds with Ethereum on a real money account will be eligible to online casinos’ generous welcome bonuses. Once again, to find the Ethereum casinos with the largest bonuses, feel free to browse the table displayed on this page.

Advantages

More and more online casino players are turning towards cryptocurrencies to carry out deposits and withdrawals. As it will be seen below, these payment methods present many advantages:

  • Speed: Many industry analysts qualify Ethereum as “the faster Bitcoin”. Thanks to the efficiency of Buterin’s blockchain interface, transactions can be approved and executed in less than a few minutes. A great option for players that are tired of withdrawal waiting times…
  • Anonymity: Like any blockchain-based systems, Ethereum transactions and smart contracts are fully anonymous. This is certainly not the case of traditional e-wallets or banking transactions that require sharing data (personal or financial) with the online casino.
  • Safety: What makes Ethereum particularly safe is that nobody can interfere with its rock-solid transaction system.

Disadvantages

It is also important to keep in mind that because Ethereum is a growing cryptocurrency, it still has a few downfalls.

  • Availability: Even though Ethereum has been expending consistently in the past fives years, only a handful of online casinos accept this currency today. However, as the number of Ether casinos is constantly growing; this disadvantage might soon be obsolete.
  • Volatility: Ethereum is still growing and its value is subject to more fluctuations than traditional currencies. This could be a problem, especially for conservative gamblers. On the other hand, ambitious players could see this as another investment opportunity!
  • User-friendliness: Ethereum is much less user-friendly than its Bitcoin competitor, and it could be harder to find ETH than BTC. Once again, giving Ethereum the time to mature, this disadvantage might also soon be outdated.

Fees

One of the reasons why cryptocurrencies are becoming so popular is that there they do not involve any fees, both from the payment interface and on the online casino side. Of course, you should always check a given casino’s terms and conditions, but in general, none charge fees on crypto deposits and withdrawals.

On the payment interface side, the system itself is also free. Despite this, some exchange and brokers could charge marginal conversion fees. Regardless of these exceptions, Ethereum and cryptocurrencies in general could be considered as one of the cheapest payment methods available.

Currencies and Availability

Ether is an online cryptocurrency that can be bought from any computer connected to the internet. It is however important to note that they are usually traded in USD and EUR. So, if you can have a direct or indirect access to US dollars or Euros, you will surely be able to trade Ether and use it as an online casino payment method. The fact that cryptocurrencies are currencies in themselves greatly increase their availability to every online casino player.

Creating and Funding an Account

There are several ways to get started with Ethereum. Yet one of the most straightforward methods is to go directly to the Ethereum website and download an Ethereum wallet. From there, you will be able to purchase and transfer Ethereum as much as you like. Who could ask for a simpler process?

Depositing

By following these few simple steps, you will soon be able to start using Ether as a deposit method at your favorite Ethereum online casino:

Before doing anything, make sure that you have a functioning and funded Ethereum wallet.

  • Login to your favorite Ethereum casino. If you are still looking for one or want to discover a new website, feel free to check the brands listed above.
  • Go to the “Deposit” section and select “Ethereum” or “Ether” as a payment method.
  • Determine the amount you would like to deposit.
  • Follow the instructions of the payment terminal (this process will require your Ether wallet information).

Withdrawing

Withdrawals are just as easy as deposits.

  • Go to the “withdrawal” section of your favorite online casino
  • Select “Ethereum” or “Ether” as payment method
  • Determine the amount you would like to withdraw
  • Follow the instructions of the payment terminal (this process will require your Ether wallet information).

Security

Ethereum is a very safe payment method. First, the transactions are carried out and validated by blockchain processes. In practice, this means that no one will be able to interfere and meddle with the funds transfer.

As an added benefit, Ethereum transactions are also anonymous. By transferring ETH to an online casino, you will not have to share either your personal or banking information. This drastically reduces the risk of financial data fraud.

Support

In terms of support, you will find, on the Ethereum website, a large variety of resources such as FAQ or About us pages that will answer a lot of your Ether-related questions.

If these resources do not apply to your issues, feel free to ask the thriving Ethereum online community on the various forums online.

If you have a casino-side problem, the best way to get support is to reach out to your casino’s customer service directly!

VIP Program

Ethereum does not have any VIP program. Yet, as you start using Ether, you will become part of an active and growing community of developers, ambitious entrepreneurs, players and clairvoyant investors. This could be a VIP privilege in itself.