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. But, what is an Ethereum Casino?
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.
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.
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.
As soon as you register your first accounts at the best Ethereum online casinos, you need to add funds to your wallet. Luckily there are hundreds of websites where you can do this.
At the moment 1 Ethereum is worth around €1,700 (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 test when depositing funds:
Make sure that the new casino you want to join is licensed by the Malta Gaming Authority or any other gambling organization.
All online casinos that are licensed also offer games from the best providers, so you can be sure that the game play will be both fair and random.
Pay attention to what bonuses the casino offers and what the bonus terms and conditions look like. Some casinos do offer attractive bonuses, but with a wagering requirement of 50x it is almost impossible to get extra money from a bonus.
If you value a good loyalty program to get more benefits from your games, you should make sure that the casino you want to join offers a VIP club. Most casino VIP clubs offer additional free services such as exclusive bonuses, increased withdrawal limits or a personal account manager.
Easy registration process – new casinos try to make account registration easy and quick. Make sure the casino of your choice offers an easy account opening process without having to fill out multiple forms.
Customer Support – Ideally, you will never need to contact the casino’s customer support, but it’s always better to make sure that you can easily get professional and quick support if you have any technical problems.
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.
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 crypto casinos, 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.
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 iGaming industry has managed to stand out significantly from real arcades thanks to this theme. This means that a welcome bonus, cashback or free spins is always present.
As a rule, the welcome bonus is the most interesting bonus as it serves to attract new players. So it has to be generous and fair for players to want it.
As a regular player it is then normal that there are deposit bonuses, cashback, free spins and even no deposit bonuses.
The good thing is that during our analysis of the Aussie iGaming market, we were able to come across several of these promotions at Ethereum casinos. However, we have only listed the bonuses and promotions with the best bonus conditions.
If there is one thing that is crucial in a top Ethereum casino, it is security. This is simply an aspect that cannot be ignored by any provider, as you are playing with real money on the internet as well as with a payment method that is still new to many.
Cryptocurrencies themselves have multiple layers of security, but casinos are also required to add their own measures.
Any reputable provider will show you the SSL encryption technology they use. Then of course there are the licenses from the gambling authorities. These serve to regulate the gambling site and ensure that it is 100% legal.
What Ethereum is doing in this matter is increasing the anonymity of transactions. So you can protect yourself from unexpected criminal attacks. So no one can access your wallet or casino account.
If you are already choosing Ethereum for iGaming, it means that you can enjoy the very best games on the internet. 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.
It is true that there are no exclusive Ethereum casino games yet, but there is no need for that either. Online casinos that accept Ethereum specialize in an incredible game selection with many, many software providers.
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.
Until now we haven’t talked about the fact that there have been no live dealer games in Australian since last year. 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 €1,700. 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 €2,850. But if ETH sees an increase in value in the same week, then that €2,850 can convert into €3,000 or more. Of course, the currency can also fall, so your profit will be significantly smaller than you thought.
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.
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 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 casinos 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 2022.