Only a handful of people knew about Ethereum five years ago. Several years later, and there are countless online crypto-casinos everywhere. Everyone wants to use online crypto casinos because of the benefits they offer. Choosing the best online crypto casinos can be challenging. This article is designed to educate you on what Ethereum casinos are. It will also discuss how to choose a reliable crypto casino. Going forward, let us discuss the best Ethereum casino bonuses.
Top Ethereum Casino Bonus Offers (December 2022)
What is Ethereum?
Ethereum is a decentralized blockchain that generates Ether tokens. One mistake that people make often is assuming Ethereum is a digital token. However, Ether is the native token on the Ethereum blockchain. Ether powers the Ethereum blockchain. It is also used to make transactions. When you hold Ether, you will be able to stake it and earn rewards. You will also be able to swap them and earn tokens. In addition, you can use Ether tokens to create, store, and use NFTs.
You can also use Ether tokens as a store of value. When you hold it, you can make profits depending on the value of the token against the dollar. Currently, a lot of platforms accept the Ether token as a method of payment instead of the fiat dollar.
The Ether token is very safe and allows secure transactions. These transactions are quick because they can be completed within a few seconds. Also, transactions on the Ethereum blockchain are usually anonymous. According to CMC, the Ether token is the second largest crypto token on the daily charts after Bitcoin.
History Of The Ether
Vitalik Buterin, a programmer, created the idea of the Ethereum blockchain in 2013. In 2014, Vitalik and some programmers worked on Ethereum until 2015, when it went live. However, due to a hack that drained about 40 million dollars from the ecosystem, a new fork emerged. A fork happens when a community makes changes to a set of protocols on a blockchain. This creates a second chain built on the old one. In the end, the community renamed the first protocol. It became the Ethereum classic.
About Ethereum Casinos
These are casinos that accept Ether as a payment method. There are several advantages that this payment method offers over traditional ones. However, Ethereum casinos offer the same features as traditional online casinos with little difference.
Why Ethereum Casinos?
The features offered by online crypto casinos are the same as those you would find in a traditional online casino. Along with live gaming, slots, and table games, they contain games and features with excellent interfaces. Like the majority of casino websites, their mobile websites are great. These features let you gamble on your phone or computer from any location. Aside from that, customers are eligible for Ethereum casino bonuses. Additionally, making payments at Ethereum casinos is quick and safe.
The Pros And Cons Of Using Ethereum As A Payment Method
Ethereum payments have an edge over fiat payments in speed and security. Here, we’re going to examine the pros and cons of the Ethereum casinos.
- Quick Withdrawals: Usually, payments made on Ethereum are quick compared to traditional payment methods.
- Decentralized: Payments on Ethereum do not fall under any jurisdiction, thus making it a global payment method.
- Anonymity: transactions you make on the Ethereum blockchain are anonymous. This is an advantage if you have a thing for privacy.
- Transparency: the blockchain allows you to check the history of every transaction. This reduces the chances of fraud and keeps casinos accountable to users.
- Very high gas fees: usually, when there is a lot of activity on a blockchain, gas fees go very high. Gas fees are blockchain transaction fees paid to network validators for their services to the blockchain.
- Country restrictions: some countries have outright prohibited the use of cryptocurrencies as a means of payment. You should make sure it is not restricted in your country of residence before signing up.
How to Deposit Ethereum
- Visit the Ethereum casino of your choosing and log in or register.
- Click on the cashier tab and select the deposit option.
- Choose the cryptocurrency method of deposit and click on Ethereum.
- This option generates a wallet address for you to copy. Paste the address in your crypto wallet and send the deposit amount.
- The casino will automatically approve the payment once confirmed.
How To Choose The Best Ethereum Casinos
An important criterion you should use in choosing a good Ethereum casino is the availability of bonuses. Ethereum casino bonuses are not common. Usually, you are eligible for most ETH casino bonuses as a new user. However, you can also be eligible for more bonuses as a loyal customer.
Another factor you should consider is whether you are eligible to use the casino in your country.
License and registration
The Curacao license is the industry standard for online casinos. It is usually a good idea to be sure the casino has a license.
Games Available To Play On Eth Casinos
In online casinos that support ETH payments, the same online games and sports, in traditional online casinos are available. Ethereum casinos allow you to wager on various live events, video games, esports, and other events. There are also casino games like blackjack, slots, and baccarat that you would normally find in an online casino.
This is usually the substitute option for players who are not interested in normal casino games. Most casino sites have this option to wager on. You can bet on sports like tennis, football, hockey, and golf.
You can bet live on games from the comfort of your home. The games are usually replicas of the real thing.
There are various table games for casino users on ETH casinos. However, they are simulated to feel like a real-life adaptation. This is possible via partnerships with top game providers.
Where can I get Ethereum?
You can purchase any quantity of Ethereum on Binance or Kucoin with your credit or debit card. Furthermore, make sure you have a receiving crypto wallet and your private keys are securely stored.
Can I get bonuses on Ethereum payments?
Depending on the casino, you might be eligible for bonuses on Ethereum deposits. For available Ethereum casino bonuses, you can visit the promotions page of the online crypto casino you are using.