Bitcoin Casino Blog
Ethereum is rapidly rising as the most favored cryptocurrency for online betting, offering quick transactions and minimal fees. Among the first industries to welcome cryptocurrency with open arms was the gambling industry. In recent years, the partnership between the two industries saw its boom as an influx of players began joining online casinos in search of an alternative to brick-and-mortar casinos.
Although Bitcoin remains at the forefront of the crypto gaming industry, Ethereum casinos are quickly becoming a preferred payment method due to the advantages it provides to players.
With the Ethereum Merge now completed, you can experience faster and smoother transactions at Ethereum casinos like Bitcasino. Ready to elevate your casino experience? Read on to discover how to use Ethereum and reap the benefits
Ethereum is a decentralized, global software platform based on blockchain technology. Famous for its native cryptocurrency, ether (ETH), it enables secure execution of smart contracts, allowing you to transact without needing a central authority. Ethereum's versatility makes it an ideal choice for cryptocurrency casinos.
Founded by a team of visionaries led by Vitalik Buterin, Ethereum was officially launched in 2015 after generating significant buzz in the blockchain community. With price resilience and innovative updates, Ethereum has carved out its own niche, separate from Bitcoin, and continues to thrive.
In essence, Ethereum casinos are virtual gambling spaces that accept Ether as a payment method. There are two types of Ethereum casinos available out there. On one side are the online casinos that accept Ether as a payment method while the other are those with a monetary system that operates on the Ethereum blockchain.
Ethereum casinos offer an array of advantages including fast transactions, lower fees, and increased privacy. More and more people are choosing Ethereum over regular payment methods due to its many benefits, including:
When you use ETH to gamble, you don't have to provide private data, unlike in non-crypto payment options. You remain anonymous, so your information remains safe and secure from hackers.
Moreover, no one can tamper with a transaction once it has been recorded. It means that none of the network's transactions can be reversed or changed. No one can steal your ETH coins.
Aside from security, using ETH for gambling means quick transactions. Withdrawals and deposits using standard currency can take days to process because they go through banks and other financial entities.
This slows down your gaming experience. You must wait for days instead of playing your games as soon as you deposit money into your account.
Compared to other cryptos, Ethereum provides faster transactions. Some cryptos require minutes to hours to verify. Still, Ethereum takes only 12 seconds because it uses a proof-of-stake (PoS) consensus algorithm for processing transactions and creating new blocks in a blockchain.
Traditional banking needs extra processing fees for each transaction, the amount of which varies. One advantage of using Ethereum (ETH) is that you don't have to pay expensive transaction fees when depositing and withdrawing funds from your account.
You’ll have to pay additional processing fees when you deposit through traditional methods. You won’t have to do that when you play with Ethereum.
The average transaction fee for Ethereum (ETH) is 0.75%. At Bitcasino, you don’t have to worry about transaction fees at all, since we don’t charge fees for depositing and withdrawing ETH.
Ethereum gambling also features casino bonuses to make your experience more fun and exciting. When you deposit ETH rather than regular fiat currencies, you are more likely to receive a casino bonus. You can enjoy cashback bonuses and casino boosts and join the loyalty program.
To use ETH for gambling, you need a trusted crypto wallet it’s essential to equip yourself with a reliable and secure Ethereum wallet for seamless transactions and a stress-free gambling experience. This wallet is where you’ll deposit from and withdraw to whenever you play at an Ethereum casino.
We’ve listed some of the popular crypto wallets in the market below:
If you want faster transactions, use MetaMask. MetaMask is a popular ETH wallet as it can be a desktop and mobile wallet that works as a browser extension for different ETH networks. It’s available as a browser extension for Firefox, Chrome and Brave, making transactions all the easier. You can even use Metamask to connect to an Ethereum casino account.
You can use MetaMask to store your ETH coins without depositing money into a specific casino. Instead, transactions are completed and recorded instantly using MetaMask's smart contracts.
This ETH wallet also allows you to access decentralised Ethereum apps, which makes it the best online wallet for Ethereum holders. Moreover, it has a user-friendly interface, where you can quickly change between ETH networks.
Ledger Nano S is a hardware wallet where you can store ETH offline on your device. If you want to spend your ETH, a ledger signs in using a private key stored on the device.
One of the best things about Ledger Nano S is its robust security, so rest assured your assets are safe. Moreover, it comes with a small OLED, allowing you to see and manage transactions easily.
If you want an ETH wallet with the best security and simple interface, go for Guarda. You can manage your ETH anywhere with this wallet, as it is available on desktop and mobile devices.
ETH users prefer Guarda because of its great security and privacy features. It has become their de facto standard since you don’t need personal info when you create an account here.
The Ethereum gambling ecosystem offers the luxury of choice. Here's how to kick off your journey at a typical Ethereum Casino:
Sign Up: Register with your preferred Ethereum casino, providing minimal details like your email, username, and password.
Secure Your Account: Activate two-factor authentication for enhanced security.
Deposit Ethereum: Add ETH to your gaming account. The casino will provide an Ethereum address for you to complete the fund transfer from your wallet.
Game On: Once your account is funded, immerse yourself in the high-octane world of Ethereum casino games.
Exclusive Salon Prive Baccarat by Evolution: A high-stakes, fast-paced game with an RTP of 98.94%.
Blackjack Perfect Pairs Pro by OneTouch: Ideal for high-rollers, this game offers an impressive RTP of 99.14%.
There are plenty of online casinos to choose from but not all of them support crypto as a payment method. Here are some of the most popular online casinos for you to play using ETH:
Largely credited for being the first online casino to accept cryptocurrency, Bitcasino is a leading site to offer nearly 3,000 games for players to enjoy.
Additionally, the site offers several different cryptocurrencies to use for your transactions such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Litecoin (LTC), Tron (TRX), Ripple (XRP), Tether (USDT), and Dogecoin (DOGE).
For new players that don’t own any cryptocurrency, Bitcasino also provides a seamless process to connect you to several crypto exchange providers where you can buy your crypto coins.
Among the games offered at the online casino are online slot, roulette, and live casino games including live blackjack and live baccarat. All of it comes from the best game providers in the industry including Evolution, Ezugi, Microgaming, Quickspin and many more!
Deposit: Once registered, deposit your ETH into Bitcasino's wallet. Bitcasino generates an ETH address, which you'll use to transfer funds from your crypto wallet. You can connect your existing Metamask wallet to your Bitcasino account for lightning fast deposits and withdrawals, but that step is optional. Minimum deposit amount is 0.01 ETH.
Game On: With the funds transferred, dive into the diverse range of casino games available at Bitcasino.
Withdrawing your ETH winnings is just as easy as depositing them. There’s also no withdrawal fee, and the transfer time is almost instantaneous.
Here’s a step-by-step guide to withdrawing your winnings:
Go to the ‘Funds’ page by clicking the amount below your username.
Select ETH as your preferred currency.
Click the withdraw tab next to the deposit option.
Enter the amount or select the percentage of your account balance.
Enter your wallet address. Check the details first and ensure you enter the right amount and wallet address.
Once done, click the ‘withdraw’ button.
Another great crypto casino is Livecasino.io, offering incredible live casino titles that provide a middle ground between online and brick-and-mortar casinos. They offer more than 150 live casino games including roulette, baccarat, blackjack and more.
For those not ready to dive into live dealer games, they also offer games such as slots from the best developers on the market.
When it comes to transaction methods, they also boast a diverse range of options for players to choose from. Considering Livecasino.io is among the first crypto casinos to support crypto, they offer deposits and withdrawals using Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Tether (USDT), Litecoin (LTC), and Tron (TRX).
Although made primarily for sports betting, Sportsbet.io also provides a plethora of casino games for players to enjoy. The games include slots, table games, and many others. They also offer live casino games such as roulette, blackjack, and baccarat.
As for deposit and withdrawal options, Sportsbet.io offers many different options. They proudly support payments using Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), Tron (TRX), Ripple (XRP), and Allsportscoin (SOC).
Is Ethereum a secure option for online gambling?
Absolutely, Ethereum’s immutable blockchain ensures that once a transaction is recorded, it can’t be altered.
How fast are deposits/withdrawals at Ethereum casinos?
With a 12-second verification time, Ethereum ensures you're not left waiting.
Can you play with other cryptocurrencies besides ETH at Ethereum casinos?
You're not just limited to Ethereum; the most eminent Ethereum casinos also support Bitcoin, Litecoin, TRON, Tether, and many more. Bitcasino supports more than 10 other cryptocurrencies, namely:
Binance Coin (BNB)
Binance USD (BUSD)
Is Ethereum Gambling Secure at Bitcasino?
Absolutely, Ethereum ensures that your transactions are encrypted and secure, offering an extra layer of protection.
Get the most out of your casino experience at Bitcasino, the top-tier Ethereum Casino catering to high-rollers and VIPs. With a myriad of games and features, we provide an unmatched experience that sets us apart in the Ethereum casino space. So why wait? Dive in and discover the future of online gambling with Ethereum at Bitcasino today!
Join us for an unforgettable gaming experience in the realm of Ethereum casinos, where innovation meets excitement, and big wins are just the beginning.
In a nutshell, Ethereum casinos offer a compelling argument for transitioning from traditional online casinos, inviting high-rollers and newbies alike to experience the future of online gambling today.