Ethereum is one the largest coins used in cryptocasinos worldwide. It is second only to Bitcoin in popularity, smart contracts and privacy benefits, as well as security advantages, have influenced many casino players to switch to crypto.
Ethereum is currently one of the most widely used and popular cryptocurrencies. It’s a financial system with increased privacy, security, transparency, payment speed, and a well-maintained website.
In terms of transaction volume, it even surpasses Bitcoin! That’s from over 900 different cryptocurrencies – so that’s saying something. Ethereum’s excellent qualities have meant that many Ethereum casinos have opened since its introduction in 2015.
An Ethereum casino can often support other cryptocurrencies like Bitcoin, Litecoin and Dogecoin.
How does Ethereum work?
Ethereum launched in 2014. It was created by software engineers, who previously worked on Bitcoin. But they wanted something more. Ethereum is a financial system that uses blockchain technology and decentralizes it.
It means all transactions using Ethereum’s official tender (or ETH) are documented on a growing list (or a ledger), on a blockchain. This is a type of peer-to–peer network.
It simply means, in simpler terms: Cryptocurrency withdrawals and deposits are safer than traditional banking transactions and generally more transparent. It is easier than traditional online transactions
What does a Decentralised Platform look like?
As the name implies, this simply refers to the fact that the ETH Platform does not have one central authority, bank, or party holding all of the transaction information. As we have already mentioned, everyone has access to all the information in smaller chunks that form the peer-to–peer network.
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This is what it means for Ethereum casinos sites.
Although the blockchain is highly anonyme, no one can see real-world identities. Ethereum and other cryptocurrency also remain Transparent. With a publicly available ledger, users can verify that payments to and from Ethereum casino have occurred.
Ethereum Casino Games
While you won’t be limited to specific casino games when you’re playing at your favourite Ethereum casinos, once you’ve got some ETH on your hands, you do have access to games outside the crypto casino.
CryptoKitties allows you to trade, buy and sell other digital pets.
Built on Ethereum’s blockchain platform, the entire project was One of the first software pieces to make use of blockchain as entertainment.
You’ll also find games such as Crash Gambling which is quite popular with crypto players. Players try to guess the best time to cash out on an increasing multiplier before it ‘crashes’.
Ethereum gambling isn’t limited to these few select games, though.
Many full-fledged casino sites that offer a wide range of games accept Ethereum as a form of payment. Ethereum casino games can be any game you know from online gambling, such as:
Online slot games
Blackjack and Roulette are two of the live casino games available.
Table games
Bet on sports
Any of the most popular crypto gambling sites can offer you a chance to win your fair share of live dealer or slot machine games and Ethereum slots.
Of course, if you’re interested in Ethereum gambling on sports betting, for example, you would search out a casino site that offers that function. Casino reviews like ours are very helpful.
Ethereum Casino Bonuses. Free Spins. Welcome Bonus. Deposit Bonus
Just like an online traditional casino, apart from having all your favorite casino games, you’ll also find a welcome bonus, deposit bonuses, and other bonuses at an Ethereum casino.
The average RTP of cryptocurrency casino sites is also higher than the rest. With payment methods like ETH, and other cryptocurrencies, there are lower processing fees.
The casino can make deposits and withdraws at a lower cost. This means that casinos are able to pay out a bit more on average. It’s a win-win situation for players as well as casinos!
What is the best way to buy Ethereum?
Of course, to do any Ethereum gambling, you’re going to need to buy some of it.
So how do you accomplish that?
Ethereum Exchanges
To buy ETH, you’re going to need to use a crypto exchange or contract of difference (CFD) broker.
It’s worth noting that many cryptocurrency exchanges require you to provide identifying documentation before you can exchange your local currency into ETH.
Ethereum Casinos and Security
Are Ethereum and crypto secure? Everything has flaws, even Ethereum.
Of course, we advise you to gamble responsibly – not just by keeping to your limits, but also by sticking to casinos which are fully licensed by a reputable authority within the gambling industry.
This means organisations such as the Malta Gaming Authority or the Curaçao Government, among others.
