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Players using Ethereum to transfer funds in and out of online casinos enjoy various perks, including state-of-the-art security, fast transactions, and top-notch privacy.
Thanks to its steep increase in popularity, ETH online casinos are trending in the iGaming world.
Keep reading this detailed guide to learn more about this cryptocurrency and find the best ETH casino platforms.
What Is Ethereum?
Before we get into the details of ETH online casinos, I’d like to take a moment and explain what Ethereum is.
Like Bitcoin, Ethereum is a decentralized digital currency invented in 2013 by Vitalik Buterin. He was previously a passionate BTC supporter and a Bitcoin Magazine contributor. He used his long-standing experience with cryptocurrencies to create one smoother, faster, and more functional than Bitcoin.
While Ethereum is based on blockchain technology, its operations are much more diverse. This cryptocurrency’s initial purpose wasn’t to replace fiat currencies but to run and execute smart contracts.
Smart contracts represent specific operations that can only be performed if both parties have completed all encoded preconditions. For example, if someone hires a person to do a certain task and they agree to pay via Ethereum, the contract will automatically complete the transaction once the job is done.
It’s important to understand that Ether is the digital cryptocurrency of the Ethereum platform. In other words, it represents fuel for all operations happening on the platform.
Ethereum’s Switch to Proof of Stake: Why Is it Important?
Most cryptocurrencies modeled after the crypto pioneer, Bitcoin, have used the same consensus mechanism known as Proof of Work. This mechanism helps achieve decentralization, as miners replace centralized institutions and ensure that the blockchain remains secure and verified.
In order to accomplish this, they must solve math problems, which require state-of-the-art equipment and significant energy. The first miner to solve a puzzle earns a newly-minted cryptocurrency as a reward. To speed up the verification process, miners need to use more advanced equipment, which results in higher energy consumption.
The energy and electronic waste generated by mining led Ethereum to switch to a different mechanism called Proof of Stake. In addition to the environmental impact, the change has improved Ethereum’s scalability and security, which will benefit casino players who use this coin as their preferred payment method.
In the following paragraphs, I’ll introduce you to the top-rated Ethereum online casinos and explain how to use this cryptocurrency in the iGaming environment. Stay tuned!
Top US Ethereum Casinos
As you can see, the adoption of cryptocurrencies is an ongoing trend seeping into various industries, from e-commerce to tourism. Unsurprisingly, the gambling sector has also noticed the benefits of using crypto for payments.
Apart from Bitcoin, Ethereum has made a grand entrance in online casinos a couple of years ago and has become one of the preferred payment solutions.
To that end, my expert team has scoured the web and found the best online casinos that cater to US players.
Not only do they accept ETH payments, but they offer a fantastic gaming experience, bank-level security, and super-fast transactions.
Regardless of the site you choose, you’ll enjoy a fun and memorable gaming experience!
How to Use Ethereum in Online Casinos?
Since Ethereum operates differently from Bitcoin and other cryptocurrencies, you might need some time to learn the ropes. Thankfully, the web is packed with guides and information on how to get started with ETH.
From my experience, obtaining and storing Ethereum coins requires some practice, but once you’re done with that, making online casino deposits and withdrawals will be a piece of cake.
Below, I’ll walk you through the most important steps you’ll have to take before Ethereum becomes your favorite payment solution.
Obtaining Ethereum
Before you can use Ethereum coins to fund your online casino account, you have to obtain them.
Thankfully, the internet offers a couple of ways to do it:
Mining ETH
If you’ve read about mining Bitcoin, you know the process. It requires fewer tools but more computer power. However, unlike BTC, Ethereum is accessible by people with regular laptops and desktop computers.
In any case, the platform rewards people who support ETH transactions.
Exchanging Bitcoin for Ethereum
If you already possess Bitcoin, you can use different platforms to exchange it for the equivalent amount of Ethereum coins.
ETH direct transactions
Another way of collecting Ether coins is to ask your friends to send them to you directly.
Different wallets give you a chance to receive ETH and use it for any type of transaction.
Fiat currency exchange platforms
Given its growing popularity and stability, ETH can now be obtained via fiat currency exchange services.
So, if you find mining too complicated, it’s good to know you have other options.
Storing ETH
After finding the best way to collect Ethereum coins, you’ll have to find a perfect place to store them. In this regard, Bitcoin and Ethereum are very similar as they both use the same kind of wallets.
As far as ETH is concerned, you have three options:
- Hardware
- Software
- Paper wallet
The first one comes in the form of USB flash drives or external hard drives, allowing you to connect them to a computer or another device you’re using. The other option is downloadable software installed on the device of your choice.
Finally, the most secure solution is a piece of paper containing e-wallet keys. To avoid misplacing or losing it, people usually store the paper in a safety deposit box.
Choosing the Right Online Casino and Creating an Account
To ensure an exciting and safe gambling experience, you need to choose the right site. The easiest way is to pick a casino from my list, as I handpicked the platforms after checking them out.
Still, you need to satisfy your preferences and find a platform that can match them. Therefore, you need to look into the game selection, check out the bonus offers, and see if customer support options are up to your liking.
If you’re worried about security, I’m here to tell you that each online casino you see on this page boasts high-end security protocols and firewalls to keep you and your money safe.
Once you’ve chosen the best ETH casino, it’s time to set up an account. Luckily, the procedure is a walk in the park and consists of the following steps:
Go to the casino website and choose the Register, Sign Up, or Join Now option.
Fill out the registration form with the necessary data (name, phone, email, address, etc.).
Confirm the registration and verify your account.
If necessary, provide proof of identity by uploading a copy of the ID, passport, or driver’s license.
That would be it — you can now proceed to make ETH deposits and withdrawals and enjoy everything the casino has to offer.
Making ETH Deposits
Once your ETH casino profile is up and running, you can fund it and start exploring the platform. Here’s how to do it easily:
- First, open an Ethereum e-wallet account and make sure you have some coins on balance.
- Go to the casino, enter your profile, and go to the Cashier.
- Choose Ethereum from the list of available payment options, and the casino will provide you with an e-wallet address.
- Copy it and paste it into your ETH wallet as the destination.
- Enter the amount you want to send and confirm the transaction.
- Given that the transactions are done within seconds, the coins will appear instantly on balance, so you can immediately start playing your favorite games.
Withdrawing Ethereum
Once you’re satisfied with the winnings you’ve collected, it’s time to withdraw them. Thankfully, the process is the same as depositing — it just goes in the opposite direction:
- Go to the Cashier and choose the Withdrawal option.
- Essentially, you use your ETH wallet address as the destination, insert it in the designated field, and enter the amount you wish to cash out.
- Confirm the transaction and wait for the coins to reach your wallet.
Most Popular Ethereum Casino Games to Play
Regardless of the Ethereum casino site you choose, you’ll find an excellent collection of casino games that cater to all tastes and preferences.
If you’ve played in regular casinos before, you know what games are on offer — it’s no different with ETH online gaming sites.
The most popular titles belong to the slots category. Whether you enjoy classic 3-reel titles or more adventurous ones packed with bonus features, you’ll have no shortage of options.
As far as table games are concerned, you’ll have access to various opportunities, including:
However, those looking for a more immersive and challenging experience should go straight to the live dealer section and play casino classics in real-time.
Interesting Ethereum Statistics: Exploring the Details of Cryptocurrency
Ethereum is the second most popular cryptocurrency after Bitcoin, with a current circulating supply of 120,325,421.189 ETH. So far, Ethereum had reached its highest value in November 2021, when it was worth $4,891.70. The all-time low for ETH was recorded in October 2015, when one coin was priced at $0.4209.
- Compared to Bitcoin, Ethereum is much more scalable and performs near-instant transactions.
Ethereum has been on a steady path for quite some time, despite the general volatility of cryptocurrencies. It’s also seen as one of the safest cryptos on the market, considering that many successful businesses and institutions, including some major banks, operate with it on a daily basis.
Therefore, it’s safe to say that Ethereum remains a great choice for online casino players — but you should always keep an eye on the latest developments.
Pros and Cons of Using Ethereum in Online Casinos
Although I already mentioned the most obvious advantages, I think it’s best to have them all in one place. Of course, like any other payment option, Ethereum has some downsides.
After reading the list of pros and cons, you’ll finally be able to decide whether ETH is something you’d like to add to your gaming routine.
- Faster than Bitcoin — As mentioned, Ethereum offers faster transactions than Bitcoin. Ethereum transactions are instant, while Bitcoin takes a couple of minutes (or hours) to process a payment.
- Decentralized setting — Despite being different from other cryptocurrencies, ETH is decentralized, meaning it’s free of any authority or financial institutions.
- State-of-the-art security — Everything you do with ETH is fully encrypted, making the platform impenetrable and impervious to cyberattacks. That way, Ethereum users enjoy high levels of security.
- Higher limits — Due to its high-end security, ETH users are unlikely to be victims of fraud, which leads casinos to offer higher bet limits than traditional fiat currencies.
- Less common — Compared to Bitcoin, Ethereum is less popular, making it more difficult to find reputable online casinos. Still, if you look at this page, you’ll find some exceptional operators that support ETH payments.
- Volatile — Like any other cryptocurrency, Ethereum is unstable, especially since ETH online casinos sent its value through the roof.
- Irreversible transactions — Once you’ve completed an Ethereum transaction, there’s no going back. While it’s a good thing that casinos can’t take back the money, it’s bad if you’ve made a mistake and transferred more or less than you initially planned to.
Ethereum Casino Bonus Hunting: How to Find the Best Deals and Promotions
You can find bonuses for Ethereum users on most crypto-gambling sites. Still, identifying the best ones may take some practice. Here are some tips to help you out:
- Explore different casinos — You should check out several casinos and compare their offers to find the best Ethereum promotions.
- Read bonus terms and conditions — Make sure to take a look at bonus terms and conditions, not just the bonus size. For instance, pay special attention to wagering requirements. Crypto bonuses are often more lucrative than fiat currency ones — some of them may even reach thousands of dollars. As a result, wagering requirements of 30x or more may be nearly impossible to meet.
- Check withdrawal caps — Some casino bonuses have a withdrawal cap, which determines the amount of money you can withdraw. Don’t forget to look for these details and make sure to choose the deals that won’t considerably reduce your winnings.
Final Thoughts
In recent years, Ethereum has been making waves among online casinos. As a result, various operators have adopted this cryptocurrency as one of the main payment options or launched separate Ethereum-focused platforms.
Since the advantages of using Ethereum coins outweigh the disadvantages, I’d say that now is the perfect moment to give it a try and see how it goes.
Of course, I would highly recommend learning everything there is to know about this digital currency before investing in it.
Afterward, you can come back here, pick an online casino, and enjoy!
Ethereum Casinos FAQ
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