Additionally, there is the ongoing cryptocurrency hype, meaning more and more people are diving into the crypto sector, which translates into further player base growth for crypto casinos. There are a lot of great benefits as to why you might want to try using Ethereum as a payment method when trying out crypto casinos. Allow us to explain why we think it is a great idea to try playing using Ethereum crypto casinos.
If we are talking statistics, it is not that hard to see that it is a valuable cryptocurrency for crypto casinos. Etherum had its surge in price back in 2018 but quickly lost its value by the start of 2019. After that, it grew enormously in the span of a year, beginning in 2021. At the start of 2021 Ethereum’s price was around $1000, after which it started hitting new rights, and finally reached its new all-time peak at $8133 on the 8th of November.
There are so many advantages as to why Ethereum crypto casinos are a great option for players, but let’s start off with the most important factors.
Cryptocurrencies are well-known to be granting many benefits to their users, most importantly, anonymity. First of all, when trading Ethereum you will not need to verify your identity, meaning you can remain completely safe in terms of privacy. Furthermore, no government can tamper with the market, when it comes to transactions and identities, making it corruption-proof. All of this is possible due to the blockchain technology, which Ethereum uses. And finally, crypto casinos are well-known for not requiring precise privacy information, additionally helping keep your anonymity.
Another factor is the transaction speed. There are no faster transactions than those that happen on the blockchain, thus cryptocurrency deposits and withdrawals become easy and cause no unnecessary headaches. After creating an account in any crypto casino, you will simply need to make a deposit to the provided address and you will see the funds added to your account in a matter of minutes. The same timeframe is placed for the withdrawals you make after the crypto casino approves of your request.
Accessibility is another good reason why you might want to check out an Ethereum crypto casino. There are no borders when it comes to accessing the cryptocurrency market, as it is extremely hard to trail. Due to the decentralized nature of the cryptocurrency, there are no jurisdiction limits. Additionally, if you want even better safety, you might want to look for a trustworthy VPN software service, allowing you to play at almost every crypto casino out there.
The fees that will be coming with each transaction are minimal and cannot be compared to any fiat transaction fees, which is why financial institutions are not amongst the ones who like the idea of cryptocurrencies. The fact that the fees are so low is a further attraction for people to try out crypto casinos, thus the surge in exploring this part of the casino industry.
The last advantage we will be talking about is the games you can play using Ethereum. In the last year, in particular, it has become a trend amongst providers to develop games that accept Ethereum as a payment option, although older titles are not amongst these. Most crypto casinos nowadays, which also accept fiat currencies, have a “Crypto Games” section, where you can find those that take bets in Ethereum. Aside from that, there are even games that have crypto-versions, alongside fiat versions, which grant better bonuses, further encouraging players to use Ethereum or other cryptocurrencies.
Newly launched crypto casinos accepting Ethereum deposits
of gambling with Ethereum
Privacy – When purchasing or making a transaction with Ethereum, you will be remaining completely anonymous, due to the nature of the cryptocurrency market. This also means that the government cannot tamper or manipulate any transactions, or get a hang of people’s identity. You can further secure your privacy with the use of a VPN service.
Transaction Speed – The transaction speed of Ethereum is way faster than even Bitcoin, which usually takes single-digit minutes to happen. This means that you will be making deposits and withdrawals at an unbelievable speed when compared to any fiat options.
Low fees – There are little to no fees when making transactions using Ethereum. The fee is called a mining fee, which is symbolic and is rewarded for the “miners” who made the transaction possible. These fees are incomparable to any such at any given financial institution.
Crypto-oriented Games – Games that accept Ethereum and other cryptocurrencies are becoming more and more popular. This is further supported by the fact that developers have started implementing bonuses specifically for players who enjoy using cryptocurrencies.
Accessibility – As Ethereum is a decentralized cryptocurrency, there are no borders when it comes to purchasing, trading, or playing. If you are using a VPN, this will be further supported, as there will be no way of tracking your activity. This is also great, as you remain completely private when using Ethereum.
Crypto Deposit Bonuses – There are a lot of crypto-oriented casinos that will be rewarding you heftily for using Ethereum when making a deposit. These rewards will be coming in the form of bonuses and other special promotions.
Volatility – Similar to all other cryptocurrencies, Ethereum is also highly volatile. This means that one day your winnings can be worth nothing, although there also is the possibility of them being worth even more than before.
Regulations – Since none of the bigger regulators affiliate with crypto casinos as of yet, owners are left with no other choice but to go with a Curacao license, which experienced players know is not amongst the best.
You will love to know that you can play most of the game categories that regular crypto casinos have to offer, using Ethereum. Additionally, there are some unique games we will mention, that we think are worth checking out.
For starters, there is no way that we will not be discussing virtual slot machines first. Slots are, hands-down, the most-played games that cause the biggest attraction amongst newer players. As we mentioned earlier, it is becoming a tradition to add Etheruem as a betting option, when providers develop newer titles. This means you will never run out of slots to try out.
Of course, the second most attractive category is going to be the traditional table games, especially popular amongst players who enjoy playing at regular casinos. The specific games you will be getting to try out are poker, roulette, blackjack, sic bo, dices, etc.
Similar to the table games, live casino games include all the aforementioned games, but this time you can also include some game shows such as Fortune Wheel, Monopoly, Deal or No Deal, and others. The difference between both categories is the fact that the live casino games implement the element of reality. This means that the games you will be placing Ethereum on will be operated by a real-life croupier, while they are being live-streamed to you, further adding to the thrill of gambling.
Sports betting is a category that only recently started getting implemented in crypto casinos. Players who enjoy placing bets on their favorite team, player, or even horse, will love this section. Usually, Ethereum bets can be placed on sports such as football, volleyball, tennis, basketball, boxing, darts, horses, and some cybersports such as DotA, League of Legends, Starcraft, Rainbox 6 Siege, etc.
And just as a fun addition, we want to mention that there are games like Crash Gambling, where you will need to cash-out on a growing multiplier, before it “crashes”, after which you will be losing your bet if you guessed wrong, or multiply your wager if you guessed correctly.
We hope that the information we managed to gather is sufficient enough to allow you to decide whether or not Ethereum crypto casinos are worth checking out. We think that Ethereum casinos have a lot of advantages over regular fiat casinos, further making the choice easier.
If you are interested in trying out Ethereum casinos, we recommend heading to our homepage and taking a look at our rated, verified crypto casino list.
You can check out the FAQ section for some further information.
ETH gambling Frequently asked questions
Ethereum is a great option due to many reasons, such as remaining anonymous, transaction speed, low fees, crypto-oriented games that grant bonuses for placing bets using Ethereum, crypto-only deposit bonuses, and the fact that you can use Ethereum globally, bypassing any jurisdiction restrictions.
Ethereum casinos have all the games that a regular casino can offer you, with the addition of some crypto-only games and crypto-oriented games that can grant you better bonuses than their fiat version. You will be getting to choose from Slots, Table Games, Live Casino Games, and Sportsbook. Just keep in mind that some Ethereum casinos do not have a Sportsbook section.
It is safe to say that Ethereum withdrawals take only a couple of minutes to happen after the casino approves of your withdrawal request. This happens due to how the blockchain verification works. An interesting fact is that Ethereum handles around 30 transactions per second, while Bitcoin handles only about 7, which you can see how huge of a difference that is.
What you will need to make sure is that the casino is verified by at least having a Curacao license, a great game library with a lot of diversity, low deposit & withdrawal limits, customer support service, loyalty program, good welcoming bonuses, and tournaments.