Some years back, crypto gambling was unheard of. The whole idea of cryptocurrencies was something completely new to many, such that some people associated it with money laundering. However, crypto casinos have taken over the market recently to phase out their fiat currency counterparts. These casinos have become the main drivers of the industry today.
Among crypto casinos, Ethereum (ETH) gambling sites stand out. Undoubtedly, these casinos are worth your investment, thanks to their great features. It can be challenging to find the best casino among the many claiming to have the best offers. However, this article will provide all you need to know about the best ETH gambling sites.
Top Ethereum Gambling Sites List (November 2022)
What is Ethereum Gambling?
Ethereum gambling is simply wagering bets on a site that accepts Ethereum as a payment method. ETH is a digital currency that can be used to make payments online, and withdraw hassle-free. While some Ethereum casinos started with other fiat currencies and added crypto recently, others have begun from scratch offering crypto as the main payment mode.
Ethereum is the second most popular online gambling currency after Bitcoin. The currency is purchased on a crypto exchange. Hence, you must buy the coin before using it for gambling.
Why Play at ETH Gambling Sites?
Ethereum casinos are much better than ancient Bitcoin and fiat currency casinos. Ranging from transaction processing speed to bonus offers, ETH sites are really a force to reckon with. Let’s explore some of the benefits below;
Ethereum transactions are processed pretty fast, unlike bank transactions which may up to a week. The delay in processing deposits and cashouts may negatively affect your gambling experience. Since Ethereum works digitally, transactions occur in real-time.
Typically, casinos require players to provide their data when signing up for an account. Such data includes email address, name, date of birth, and other crucial information. The casino thus stores the data in central systems that are not immune to security breaches. Hence, a third party could access your data and use it for fraudulent activities.
However, Ethereum gambling sites come in handy to assure anonymity. These casinos do not require players to submit their personal information. Instead, you can create an ETH wallet anonymously and begin your gambling spree. All you need is a username and link it to your account.
You can use MetaMask in your ETH gambling sessions. MetaMask is a virtual crypto-wallet operated online with the capability of storing ETH tokens. The wallet comes as an extension to your browser, allowing you to access smart contracts and decentralized applications.
Safety and Security
Security is a key consideration when it comes to online gambling. Every gambler prefers playing on a site with data and money protection. ETH gambling sites offer security guarantees, thanks to high-level anonymity. Since your identity is not revealed, there is no risk of data leakage.
Transactions made via Ethereum are way cheaper than traditional banks, which demand insanely higher fees for transactions. However, at ETH casinos you will not have to pay fees for processing transactions. You will only incur a cheap maintenance fee for the ether network known as gas.
Drawbacks of Ethereum Gambling Sites
Ethereum is a currency, and it might fall anytime like any other currency which falls at some point. Therefore, you should store the currency in a safer place other than in a crypto exchange.
How to Play on ETH Gambling Sites
Typically, all ETH gambling sites work in the same way. However, some features are specific to different casinos, making each unique. Some of these features are bonuses, games, payment options, and game providers. To play at an ETH casino follow the guidelines below;
Sign up and purchase Ethereum
Registering for an account is the initial step to using an ETH casino. The casino requests basic info about you. After registration, buy ETH and store it in your wallet.
Fund your casino account with the amount you would like to bet with. Ensure to check the minimum and maximum deposit limits before transacting. Once deposited, you are free to start betting on your favorite events.
After making winnings, the next step is to withdraw your fortunes. The process is flawless, provided you abide by the limits.
How to Find Good Ethereum Gambling Sites
Choosing the best ETH site is easy. Look out for crucial factors such as;
- Licensing and regulations
- Diverse games selection
- Bonus packages
- Realistic Deposit and withdrawal limits
- Safety and security.
Are ETH gambling sites safe?
Yes, ETH casinos are safe and most hold licenses from reputable authorities.
Can I use another currency on Ethereum gambling sites?
Yes, you can use a different currency. However, some casinos only allow ETH transactions.