Cryptocurrencies have a lot more potential than we might think. Their use has already spread to multiple industries, some of which are real treasures that these virtual currencies have to thank for. In this case, it is about the iGaming industry, where we will focus on the topic of Ethereum Casinos.
We want to answer that on this page, because our experts have provided us with all the necessary information. So not only will you learn what an Ethereum casino is and how it works, but also which one is the best and how you can best use it.
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That’s a pretty complex question. Even though this question has already been answered thousands of times on the Internet, the truth is that you have to look very closely to answer it correctly.
In short, Ethereum (ETH) is an open-source blockchain system. Don’t be alarmed, it sounds more complicated than it is.
Ethereum itself is the second largest and most popular cryptocurrency in the world. It was founded on July 30, 2015 by Vitalik Buterin.
Buterin is now known as the world’s youngest billionaire, having created the giant cryptocurrency when he was just 21 years old.
Unlike Bitcoin, ETH has a major technological breakthrough that has also brought it into the focus of NFTs. Thanks to its open-spurce blockchain system, Ethereum is used by thousands of users per second and in various online spaces.
Ethereum is also a heavyweight in the iGaming sector. An ETH casino may still sound exotic, but for experienced players it has clearly become one of the most interesting options for payments, games and bonuses.
The history of Ethereum is so curious that we now want to explain it a little better. The cryptocurrency started in 2013 when Vitalík Buterin was still 19 years old.
This year, the young genius from 1994 described ETH for the first time in a so-called white paper. Two years later, Ethereum was launched into the cryptocurrency market with the help of Gavin Wood.
The goal of these two entrepreneurs was actually to create a decentralized global platform. In other words, Ethereum wanted to be more advanced and innovative than its native currency, Bitcoin.
It took Ethereum just seven months to hit $500 million. From that point on, it took ETH just two weeks to double that figure.
The first disastrous story of the famous cryptocurrency was that of Ethereum Classic in 2019. The “coin” fell victim to an attack that cost $1.5 million – which was “little” considering its total value. Luckily that didn’t happen in an online casino with Ethereum.
Since then, Ethereum has devoted itself to security and innovation. That is why ETH is the leading figure in the best Ethereum casinos, as well as the NFT and Metaverse world.
Even though BTC (Bitcoin) works as a digital currency, Ethereum is more focused on delivering the famous smart contracts and decentralized applications, or dApps.
On the other hand, we know that Bitcoin is mined with POW just like Ethereum, although the latter intends to switch to POS in its Ethereum 2.0 update. Both are decentralized projects operating on their own blockchains.
The transactions made are also traceable, but the names of the participants are not displayed. In this way, anonymity and traceability are guaranteed at the same time. This would be referred to as pseudonymous transactions. Something that both Ethereum and Bitcoin have in common.
Both currencies are decentralized and based on the blockchain. This allows them to operate without scrutiny or interference from governments.
Also important is that all transactions must be validated, whether it is with POW, POS, POW or any other proof of validation, but they must be validated. And transactions are recorded to ensure nothing goes missing.
All cryptocurrencies have pseudonymised transactions, which means transactions can be tracked and identified, but the information contained does not reveal the personal information of the user conducting the transaction.
In the iGaming space, while there are still more casinos focused on putting Bitcoin in the spotlight, Ethereum casinos are almost as popular. That is why we have also focused on the best Ethereum online casinos, because their potential is enormous – especially for the years to come.
There are honestly several steps you need to follow on Ethereum to make a deposit. This applies to all cryptocurrencies, which is why you should pay attention to the following paragraphs.
The first thing you need to acquire and transact with Ethereum is a wallet. There are various wallet options including online, software, and hardware wallets.
Everything is possible with the wallet, because you can easily use your smartphone, tablet or PC. What also exists are the so-called Smart Contracts. But that’s another topic and here we will try not to go into such complicated stuff to keep the focus on Ethereum casinos.
Already have a wallet? Then all you have to do is look at our list of Ethereum online casinos and choose the one that really appeals to you. To set up your Ethereum account, just follow these instructions:
Once you have found the ideal Online Casino Ethereum in our list, here comes the part that we need to explain in more detail, which is the deposit.
At the moment 1 Ethereum is worth around €3,100 (we say round as the value changes daily). Always pay attention to how much the cryptocurrency is worth before you buy any amount or make a deposit.
Once you know this, you can even buy Ethereum with your public key address through Trustly, Giropay, and a few other payment methods. The money will appear in your wallet very quickly, which means you are ready to go.
Now let’s see what you need to do for your first Ethereum Casino deposit:
Begin by creating an account at your chosen ETH casino. The registration process may vary, with some casinos asking for ID verification while others may only require an email address for a no-KYC sign-up.
After setting up your account, opt for Ethereum (ETH) as your preferred method for depositing funds.
The casino will provide you with a unique crypto wallet address or a QR code. Use these details to send ETH from your personal wallet to the casino.
Typically, the transferred Ethereum will be credited to your casino account within minutes. As soon as the funds reflect, you're all set to embark on your gambling journey.
By the way, we recommend paying attention to Wild Fortune Casino. There you can both make a deposit and withdraw money using Ethereum. Transactions are instant, there are no commissions.
It’s normal for players to worry more about withdrawals than deposits. This applies not only to Ethereum online casinos, but to all online casinos or sports betting sites.
Once you understand how deposits work, you’ll find that making a withdrawal is just as easy.
All you have to do is go to the payments section again where ETH is waiting for you as a payment method. Ethereum is usually among the most popular payment methods in almost every crypto casino Australia, just like Bitcoin.
Now the question is, do some fees only appear for requesting your funds with Ethereum? We can guarantee you that it is very rare for an ETH Casino to charge fees for depositing or withdrawing your money.
The allure of Ethereum casinos lies in their ability to merge advanced technology with user-centric features.
Enhanced Privacy Features
Ethereum casinos simplify the account creation process to just an email address. This approach not only minimizes the need for invasive data collection but also enhances player anonymity, allowing for transactions without divulging sensitive information.
Exceptional Bonus Offers
With substantial welcome bonuses that can reach the equivalent of several Bitcoins, these platforms are redefining the value provided to new and returning players alike.
Swift Transaction Processing
Unlike traditional sites, where withdrawal times can stretch over several days, Ethereum platforms streamline the process, ensuring funds are quickly transferred to the player's wallet, thereby setting a new standard in transaction efficiency.
Comprehensive Gaming Platforms
From classic casino games and live dealer tables to sports betting and specialty games, Ethereum gambling sites offer a comprehensive gambling experience that caters to a wide array of preferences.
Choosing the right Ethereum casino involves considering various essential factors that ensure both a secure and enjoyable online gambling experience. From the speed and privacy of transactions to the diversity of games and bonuses, every aspect plays a significant role in defining the quality of your casino choice. Here’s what you need to keep in mind:
If you have a different curiosity, then we’ve got you covered too. We know that the Bonus Casino Ethereum arouses curiosity.
And the fact is that over the years the Ethereum Casino Gaming industry has managed to stand out significantly from real arcades thanks to this theme.
The premier Ethereum casinos consistently delight players with a range of bonus offerings that enhance the enjoyment of your favorite games. From exciting slot tournaments to daily promotions, generous reload bonuses, and more, there’s always something that adds value to your gameplay. Regularly checking the promotions section of your preferred Ethereum casino site is a smart move. If you’re curious about what kinds of bonuses you might encounter, here are some of the most enticing types available.
Welcome Bonuses
These are ubiquitous across licensed Ethereum-accepting casinos. Each welcome bonus is uniquely structured, offering a mix of incentives such as cash, free spins, or even cashback percentages that kick in to mitigate losses.
Free Spins
Given the immense popularity of slots, Ethereum casinos often feature vast selections of these games. Free spins bonuses cater specifically to slot enthusiasts. It's important, however, to familiarize yourself with the specific terms and conditions of each free spins offer.
No Deposit Bonuses
For players watching their budget, no deposit bonuses are a godsend, offering direct financial boosts without the need to deposit. Ethereum casino no deposit bonuses do come with wagering requirements, restricting immediate withdrawals.
Reload Bonuses
Ethereum casinos periodically provide reload bonuses, giving players an added reason to fund their accounts. Always be clear about the terms and what the casino expects in return for these bonuses.
Cashbacks
Cashback promotions offer a safety net, refunding a portion of losses back to your account. The specifics of how these refunds can be used—whether withdrawn or only used for further gambling—varies, so it's crucial to understand the details.
Loyalty Bonuses
Aimed at fostering long-term relationships with players, loyalty bonuses reward consistent play. Through a tiered system, players accumulate points with each bet, unlocking progressively better rewards.
If you are already choosing Ethereum for iGaming, it means that you can enjoy the very best games on the internet. There are indeed no exclusive Ethereum casino games yet, but there is no need for that either. Because on most online gambling halls with Ethereum there are not only hundreds of casino games, but most reputable casinos even offer thousands of games.
The most popular genres of Australian players include online slots, table games, live dealer games and special games like progressive slots, keno, Scratch cards, video poker or even bingo.
The integration of provably fair technology, particularly in dice and crash games, ensures transparency and fairness, enhancing the gaming experience. Ethereum’s blockchain technology not only facilitates these games but also brings the benefits of security, anonymity, and fast transactions to the forefront of online gambling.
Until now we haven’t talked about the fact that there are no live dealer games in Australian. However, since the ETH casinos are not Australian casinos, this means that you can also play live as normal.
But crypto casinos usually always have a Curacao eGaming license, so you can always enjoy a good Ethereum live casino. Here you have the opportunity to play against live dealers located in real studios or even in famous international casinos.
The leading provider of live casino software is Evolution Gaming. This company has not only launched the best table games and their versions in recent years, but also game shows like Monopoly Live or Crazy Time.
The best part is that you don’t even need to download any software to play the live games as all you need is a good internet connection.
Having a staff member who guides you throughout your gaming experience is one of the most important things when choosing the best Ethereum Casino.
Basically, this customer service agent is there to not only help you with the casino website, but also to assist you with Ethereum.
That’s why you can’t just rely on one email account. You need competent customer service that can be reached in Australia and via live chat and ideally a hotline.
Our experts have warned us about something serious, and that is the fact that you can actually pay with Ethereum at online casinos. Deposits and withdrawals are easy, but there is so much more to every transaction.
First of all, you need to be aware that every euro you convert to ETH has a very high volatility. Depending on the market, that euro can suddenly be worth a lot more or a lot less money.
An example would be depositing 1 ETH. As we have already said, Ethereum would have a current market value of around €3,100. When depositing this amount at Casino Ethereum Online, you should always pay attention to the total value of ETH while having the money in your account.
If you manage to earn with 1 ETH and convert that into 1.5 ETH, then maybe your next transfer in euros will be €4,650. But if ETH sees an increase in value in the same week, then that €4,650 can convert into €5,000 or more. Of course, the currency can also fall, so your profit will be significantly smaller than you thought.
The legal status of online gambling varies significantly around the world, and when it comes to Ethereum casinos, the situation is no different. Given that cryptocurrencies like Ethereum are not recognized as legal tender, they operate in a unique financial realm independent of traditional fiat currencies. This characteristic allows Ethereum casinos to provide services to players globally without needing personal details or KYC documentation. Many of these platforms have been successfully running for years, building a reputation for reliability. Additionally, a noteworthy portion of Ethereum casinos have obtained regulatory approvals, often from authorities such as the Curacao Gaming Control Board. Nonetheless, it falls upon the players to verify the legality of their chosen Ethereum casino. Beyond legal considerations, Ethereum casinos are praised for their safety and fairness, largely due to the blockchain technology they employ. This tech ensures that all game outcomes are provably fair, transparent, and immutable, allowing players to confirm game fairness independently. This innovation not only levels the playing field for all participants but also effectively eliminates the possibility of game manipulation by the casinos.
And what if you don’t like Ethereum but you already have an account registered at an ETH casino? Are there alternatives? Of course there are, and lots of them.
After every Ethereum casino comparison test we run, it is very rare to find an online Ethereum casino that is “Pure”. There are always other payment methods, so players can conveniently choose what to deposit or withdraw with. Some of the methods most commonly used by Australian players are:
Over time, you will never be short of ways to pay with Ethereum in the iGaming industry. Every day we see more and more Ethereum Casinos Online appearing on the market, which obviously offer very promising bonuses and offers to stand out as well.
So this is the perfect time to try Ethereum casino sites and find the perfect casino. Because soon, Ethereum will most likely be one of the main payment methods for online casinos.
And since you already know how to buy ETH, deposit and even withdraw ETH in Ethereum casinos, it’s time to take a look at our top list. But don’t gamble your money and responsibly have fun with the bonuses and thousands of games in 2024.
