Ethereum casino
Since its launch in 2015, Ethereum has become the second largest crypto currency in the world. After Bitcoin, it is one of the most popular payment methods worldwide from the crypto world. Not surprisingly, more and more online casinos are choosing to accept Ethereum as a payment method. Recently it became possible for casinos to accept payments with Ethereum more easily. This makes it easier for you as a player to transfer the coins to the casino.
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At these online casinos, you can gamble with Ethereum in 2024:
At the following online casinos you can pay with Ethereum:
What is Ethereum?
Ethereum is also called small contracts. These have an agreed upon value. The value is determined by the exchange rate. So you can have bought a coin for €300, but sell this same contract later for €1,000 depending on the value. Like Bitcoin, it is digital and you cannot physically own it. However, it is possible to buy things with it digitally. This is usually done using the recent exchange rate. When you gamble online with the contracts, you are actually exchanging one contract for play money. The current exchange rate is usually used and this amount is deposited into your account.
Crypto currency is becoming increasingly popular
Recently, an Ethereum Casino is becoming more and more popular. As a result, the crypto currency is also increasing in value. For example, at the beginning of 2017, the coin was worth only €7.50. In May 2018, the coin is worth €730. This shows that the coin can change considerably in value without gambling with it. This can be both positive and negative. The coin can also suddenly become worth €500 less. The value is quite volatile therefore the daily value is always used when you deposit the coins into your casino account.
Gambling with Ethereum provides an extra element of gambling
Suppose you have bought Ethereum coins for € 600 each. You decide to deposit two coins into your Ethereum casino account. This means that they will be deposited into your account for the daily value of €1200 converted. The money is simply paid out to your account in Euros. Then you can start gambling with the money that you converted from the coins. You win double and decide to buy 4 Ethereum coins in return. Instead of cashing out, you have it paid out in Ethereum coins. Six months later, the price has doubled and your coins are worth as much as 8 coins when you stopped gambling. Thus Ethereum has an additional gambling element in addition to the regular casino game.
Different advantages of gambling with coins
It is not only an advantage that you get an additional gambling element by gambling with Ethereum. There are even more advantages to mention. The advantages and disadvantages side by side, you can make a choice which payment method suits you best. We have already sorted this out for you. So you know immediately why Ethereum is possibly the best payment method for you in the casino.
Anonymous gambling at Ethereum Casino
One reason many players choose it is anonymity. It can feel dangerous to create an account somewhere and leave your personal details behind. Especially if you’re not sure what will happen to it. Or maybe you don’t want your partner to find out that you are using money to gamble. Through Ethereum, you get complete anonymity. No one knows how many coins you own or what you use them for.
Quick money transfers or payouts
When you start gambling you want to start playing as soon as possible. Ethereum is much faster than a bank transfer. The payment method allows you to transfer Ethereum coins to your account within a few seconds. You can use them to play immediately. Do you want to cash out the money you have won? Most payment methods charge 2 to 5 working days for this. If you choose Ethereum your play money is often paid out within half an hour. This way you can access your crypto coins extra fast. This is also useful if you quickly want to buy a few extra coins.
A safe payment method
Of course, even as a player you want a little extra security and safety while paying. Ethereum has been developed to such an extent that it is one of the most secure payment methods in the world. Fewer accounts are hacked compared to credit cards. So it is safer to transfer money with Ethereum than with your Visa or Mastercard. Especially if you don’t fully trust the site with your transaction.
Playing with a higher limit
Most payment methods do get stuck at a limit of € 1,000. If you can play with larger amounts, this is possible, but you have to spread it over several transactions. High rollers sometimes spend days trying to get their desired budget together. This is unfortunate especially if you want to play fast. Fortunately you can also play with a higher limit in the casino and this is possible in an Ethereum Casino. Imagine the daily value is € 800. You can deposit up to 10 coins per day. Then you can transfer € 8,000 in one go without anyone making a fuss. This makes it really easy to play with a high limit.
How do you get the coins?
To own Ethereum coins, you need a kind of e-wallet. In this you keep all the coins together. There are several exchange sites where you can create such an e-wallet. This company asks for money when you buy and sell coins. But after that, you can keep them secured for life. You can buy Ethereum coins here at the current exchange value. These are stored in your e-wallet immediately after purchase. Each e-wallet has a login code with numbers and a password. You need this to carry out a transaction and buy something with your coins. So once you have purchased coins through a legal site you can use them in the casino.
Games where you can wager coins
In most casinos where the crypto currency is accepted as a payment method it will be converted to real money. The current daily exchange rate will be used. But there is a big disadvantage to this. Suppose you put two Ethereum coins in your account at the beginning of the month. You will be paid at the daily rate. Only at the end of the month the coin is worth five hundred euros more. Therefore you can only buy back one coin instead of the two you had. Unfortunately this can happen in the casino.
On the other hand, your coin may also become worth less and you may get more coins in return. An alternative is to play games where you can bet the coins yourself. The crypto currency is then not converted to euros at the daily rate. You can then bet a coin on a slot machine and win five coins as a prize. This can be more lucrative especially if the exchange rate is volatile. There are a growing number of casinos that offer coin wagering.
Ethereum may just be the future of online gambling
In recent years, crypto currencies have been making developments at a rapid pace. In 2014, for example, Ethereum did not even exist and now the coin is already worth an incredible amount of money. Still, crypto coins could just be the future of online gambling. The coins are increasingly being used for everyday things like buying things or making a bet. The possibilities of traditional payment seem to be outdated and crypto currencies might just be the future. Especially since it is a transparent way of gambling and the risk of scams is less.
What is the difference between Ethereum and Bitcoin?
First, they are actually two completely different crypto-currencies. Ethereum works with smart contracts and Bitcoin is just a fictitious coin based on blockchain technology. The big advantage of Ethereum is its speed. Within a few seconds, a transaction can be arranged. With Bitcoin, this quickly takes a few hours. This is not really convenient if you want to gamble with your crypto coins immediately. Another advantage is that through Ethereum you can enter into a kind of contract with the casino. In this contract you make a number of agreements including that they are obliged to return your coins if you ask for them and you have not gambled them away. These are all extra incentives when you first start gambling.
How do I play at an Ethereum casino?
Time needed: 2 minutes.
Below we explain gambling with Ethereum in a casino exactly how it works. We took the Betchan casino as an example. This casino, in fact, accepts Ether as payment
- Use your Ethereum E-wallet
To pay in the casino with Ether, first of all you need to own Ether, of course. That is why you should buy Ether and store it in an E-wallet. Indeed, only with an E-wallet you can do transactions with Ether.
- Find a Casino that accepts Ether
On this page we’ve listed the casinos that accept Ethereum as a payment method. You’ll often recognize these casinos as well, since they often indicate on their homepage that they accept crypto currencies.
- Create Casino Account
Once you’ve found a casino that accepts Ethereum (ETH), you’ll create an account. This is often indicated by the English ‘Sign Up’.
- Click on Deposit
Once you have completed the steps to create your account, you can click on “Deposit”. Here you can make your deposit with your E-wallet.
- Time to play online, choose your favorite casino game!
Now that the Ether is in your casino account you are ready to start playing. Choose from an assortment of table games, live games and video slots.
Take advantage of a deposit bonus
There are also more and more online casinos that want to persuade players to deposit extra money or to choose Ethereum instead. They do this because the coins also give them more money. Especially when the exchange rate rises the money becomes worth a lot more than a euro deposit. That is why they increasingly give away deposit bonuses that double your play money. Or even doubling your coins. For example, you get one coin as a gift if you deposit at least one coin. These are of course super bonuses especially for high-rollers. On our website you can find a list of sites where you can use Ethereum, but also where they currently have a bonus running.
Ethereum Casino Frequently Asked Questions
No, unfortunately you can’t yet. Despite the fact that crypto currencies like Ether are becoming more and more popular, it’s only accepted at a select number of casinos. However, here on this page you will find a few options where you can pay with Ether.
You can only be paid in Ether if you also deposited with that currency. So what is not possible is for example paying with PayPal and then getting paid in Ethereum.
Yes, they do. Anyway, almost every online casino gives a welcome bonus to new players. Also, casinos that accept crypto currencies often give away an extra bonus for players who deposit with this currency. This is a good thing because this way you can get an extra bonus amount.
No, at Ethereum Casinos you do not have to pay any additional transaction fees to make an Ether deposit. However, your E-wallet may charge you certain transaction fees when you make a deposit.
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