What Is ETH and How Does it Work for Online Gambling?
Ethereum is a decentralized blockchain protocol. This unique system features its own cryptocurrency called “Ether” (ETH). Instead of a traditional bank-issued currency system, using Ether permits you to enjoy private, seamless, and instant transactions.
When compared to other traditional payment methods, Ethereum-based transactions are generally more transparent and safer, as they do not depend on a centralized system under the control of a government body or corporate mechanism.
Are Ethereum and Bitcoin Similar?
Both Bitcoin and Ethereum are cryptocurrencies. Considered the world’s second most valuable cryptocurrency, Ethereum is different from Bitcoin due to its flexible nature. Accordingly, Ethereum (ETH) permits you to enjoy quicker transactions, an endless number of functionalities, and the benefits of smart-contract technology.
What are the Benefits of ETH Casinos?
Originally, most crypto casinos featured only Bitcoin as its main form of currency, as it was the blockchain-based asset to reach stardom. Over the years, the rising popularity of cryptocurrencies opened the way for hundreds of online casinos that accepted different cryptocurrencies as means of payment.
This list features the best options in terms of Ethereum (ETH) casinos in 2022, allowing you to choose your favorite based on an exclusive selection. Ethereum (ETH) casinos offers several advantages over traditional online casinos, which are:
Ethereum is a decentralized blockchain network that permits users to interact via P2P (peer-to-peer) transactions, eliminating intermediaries and formal identity requirements.
To interact with the Ethereum network, you are not required to provide your real name or personal information associated with the crypto wallet from which you are depositing or withdrawing your funds.
If there are no intermediaries to slow down transactions, processing becomes more efficient for players. Due to its decentralized nature, Ethereum has no central authority to process or verify transactions, facilitating the whole process for users.
Security & Transparency
Ethereum is a decentralized blockchain-based network secured by cryptography. The network’s functionality works on top of a net of “nodes,” which are computers spread around the world focused on checking and validating each transaction made through it.
Using the online casino jargon, Ethereum is a “provably fair” network where all transactions can be checked 24/7 on a publicly accessible ledger to guarantee their authenticity.
Decentralization equals freedom of use. No matter who you are or where you are from, Ethereum has no limitations in terms of countries or borders. Unlike traditional fiat currencies, Ethereum is not limited to certain jurisdictions and does not require complex exchange efforts.
Frequently Asked Questions about Ethereum Casinos
Ethereum is the world’s favorite cryptocurrency after Bitcoin in overall transaction volume, yet many online gamblers prefer it over Bitcoin to bet at online casino websites. In this FAQ section, we answer the most frequent questions asked about Ethereum (ETH) casinos in an easy-to-understand way.
Can I trust Ethereum casinos?
Our list of Ethereum (ETH) casinos features only trustworthy websites. If an online casino is not properly licensed, audited, and does not offer a safe gambling environment, it is not a good idea to engage in it.
You can rest assured that the casinos listed in this guide meet all the requirements of a trustworthy experience, including reputable licenses, valid audits, security features (e.g., SSL encryption), active customer support, and no background involving hacks or rigged games.
Can I get bonuses at ETH casinos?
Generous bonuses always attract new players to bet online and incentivize experienced gamblers to maintain their loyalty to a specific website. Ethereum (ETH) casinos are different, as they offer frequent bonuses and promotions to enhance your gambling experience.
Most ETH casinos offer some sort of welcome bonus, usually matching the player’s first deposit. Some platforms even feature deposit bonuses on your 2nd, 3rd, and 4th deposits. Similarly, you are free to claim other types of bonuses like:
- Instant Bonuses
- Free Spin Bonuses
- Reward Multipliers
- No Deposit Bonuses
- Loyalty (VIP) Bonuses
- Cashback Bonuses
- Jackpot Bonuses
Are ETH casinos rigged?
All Ethereum (ETH) casinos listed on this guide are fully licensed and regulated by the world’s most prestigious online gambling authorities, such as:
- The Malta Gaming Authority
- The United Kingdom Gambling Commission
- The Alderney Gambling Control Commission
- The Curaçao Gaming Control Board
With a reputable license, an ETH casino guarantees its legal compliance, transparency, financial safety, and gambling process’s fairness. A strong license enhances a player’s loyalty, as it proves that every spin, every deal, and every win is always determined by a fraud-proof random number generator mechanism.
Are casinos that accept Ethereum legal?
The legality of cryptocurrency varies from jurisdiction to jurisdiction. Different government bodies around the world have distinct viewpoints on blockchain-based assets and whether they can be considered legal tender.
In most countries, Ethereum (ETH) casinos are perfectly legal. Even if your country restricts online casinos, the network’s decentralized nature permits players to play anonymously.