Ethereum overview
If you’ve heard of Bitcoin, you’ve probably heard of Ethereum. This platform, or its operation, brings with it a lot of unknowns and generates many questions. However, despite so many unknowns and the unquestionable leads of Bitcoin, it is the second most popular cryptocurrency in the world ranking. What is Ethereum? How is it different from Bitcoin? What’s the difference between Ethereum and Ether? You’ll find out everything right away.
What is Ethereum?
Let’s start with understanding what Ethereum is at all. Ethereum is a decentralized computing platform network. But this is scientific gibberish. How to put it more simply? Ethereum is a platform that uses cryptocurrency (Ether, ETH, Ethereum). So when you say Ethereum, you mean platform or cryptocurrency. If you say Ether, ETH you mean cryptocurrency. Simple, isn’t it? Don’t worry; complicated names like blockchain, decentralization, and more will no longer be a problem after a while.
If you are interested in Ethereum and not yet familiar with Bitcoin, we recommend reading about Bitcoin. Why is it so important? In the cryptocurrency popularity ranking, Ether stands right next to Bitcoin. Consequently, it is often compared to him. Also, it’s safe to say that the action is practically the same. Why?
The Ethereum network works like the Bitcoin network. This is because both of these platforms benefit from blockchain technology. So, if you know Bitcoin and are comfortable on this platform, Ethereum will be the same.
How to buy Ethereum?
First, you need to choose between an exchange and a broker. The stock market is a platform on which buyers and sellers transact. Using exchanges is usually associated with low transaction fees. However, the difficult-to-use interface may be a deterrent, especially for inexperienced users. The broker differs from the stock exchange in the simplicity of operation. Here you won’t stumble over a complex interface. However, the downside may be higher transaction fees than on the stock exchange.
Then you have to create an account. You will likely need to verify your identity by sending in a scan of your passport or driving license. Why is this so? This is misleading in terms of anonymity when trading decentralized cryptocurrency. Such verification is intended to prevent fraud and meet federal regulatory requirements.
The next step is to deposit cash. Here, it would be best to consider the commission related to the chosen means of payment. Visa and Mastercard are often the most expensive.
All that’s left is to buy cryptocurrency. You must enter Ethereum or ETH in the search engine and select the number of coins you want to buy. And voilà, you can enjoy your crypto now.
Ethereum history
You will think since Bitcoin has already been created, why Ethereum? Yes, Bitcoin was the first, and it set the trends. However, besides Bitcoin and even Ethereum, there are a plethora of other cryptocurrencies.
Still, what for? When people see something working, they want more. Added to this are the so-called human factors, such as the most ordinary misunderstandings and the unwillingness to get along. This is how, for example, Bitcoin Cash was created. How was it with Ethereum? Several blockchain enthusiasts thought, “Hey! Let’s create something allowing developers to create and publish the so-called smart contracts and dApps.”
If you’ve read the text about Bitcoin, you probably remember the theft risk. It is very low, but some “hacking jumps” have made their mark in the history of computer fraud. You can use Ethereum without the risk of downtime and fraud. The idea was great, but did it work? As it turned out, it wasn’t just a group of enthusiasts making plans at poker night. The team included such personas as Joe Lubin or Vitalik Buterin. To illustrate the importance of those names that probably don’t tell you much, Lubin is a blockchain developer and founder of ConsenSys. The concept came from Buterin, who is now the face of Ethereum. Thanks to these people, Ethereum was launched in 2015.
Thanks to these people, Ethereum was launched in 2015.
Ethereum VS Bitcoin
As we mentioned before, Ethereum is very often compared to Bitcoin. They work similarly; both platforms are cryptocurrency powerhouses, and both are interesting in their own way. Exactly, in their way, because there are differences between them that the average user often forgets.
Let’s start by recalling how Ethereum works. Ethereum is a platform built on blockchain technology. This platform uses the Ether cryptocurrency. It doesn’t sound very easy, but it makes sense after reading it aloud a few times. Ethereum is a platform that only uses cryptocurrency. On the other hand, Bitcoin is a cryptocurrency built on blockchain technology.
The following point follows from the previous one. Since Ethereum is a platform, what does Ethereum have to offer besides cryptocurrency? Ethereum presents an extremely wide range of possibilities. For starters, it should be sufficient to know that programmers can create and run dApps (decentralized applications) on the Ethereum network. What does it look like with Bitcoin? Here we are limited to trading and resource storage.
You probably remember when we introduced Bitcoin to you and wrote about its limited resources. Yes, Bitcoin is not infinite. Moreover, forecasts assuming the continued use of BTC predict the stock will be exhausted around 2140. How is it with Ethereum? The amount of potential Ether is not predetermined.
How to get started with the ETH casinos?
To use an Ethereum casino, it is essential to have a cryptographic wallet that will be used during transactions on the casino. You can create your portfolio on various exchange platforms, which are the most recommended.
- Binance.com
Binance is the world’s leading exchange. It offers many cryptocurrencies, not to mention its excellent reputation. It offers several cryptographic wallets, staking services, a global presence and excellent technical support. Unfortunately, this is a centralized exchange, which can be difficult for beginners. - Coinbase.com
Coinbase ranks highly in the crypto exchange rankings for several reasons. It is quite simple to use, but not without being ultra-secure. It has a rich and ever-growing crypto catalog with billions of assets traded. However, Coinbase generates more or less high fees and a limited number of cryptocurrencies. - Crypto.com
Crypto.com is a trusted platform and very popular on the Web. It offers completely free trading services while relying on rock-solid security. The platform is easy to use and, therefore, accessible to all players, including novices. Unfortunately, it only supports a small number of cryptocurrencies. Fund withdrawals are often slow but still average.
How to play in an online casino for real money using Ethereum?
- Register in the Ethereum casino
For registration, a user or user name is first selected. After that, a password that has to be repeated is set. Then, the e-mail address, telephone number, and country you are playing must be specified. Finally, you agree to the terms and conditions and can then register. - Confirm registration
The account is initially verified via the e-mail address and the mobile phone number. This is necessary, for example, to enjoy free spins upon registration. - Choose Ethereum as the payment method
Once the registration has been completed, you can make your first deposit. Before that, whether the deposit should be made in a cryptocurrency (if, in which one) or with a FIAT currency is selected. - Make a deposit, play and win
If you want to use Ethereum as a means of payment, select the desired amount, copy the wallet address to which the deposit will be sent, and the credit will be available on the account within seconds.
Ethereum features
Ethereum is a payment method in online casinos like Bitcoin and other cryptocurrencies. There are two options for this. You will be able to use ETH in virtual casinos that accept cryptocurrencies, but also in crypto casinos.
Transaction speed
Cryptocurrencies have many advantages that attract players and justify their popularity. One is undoubtedly the execution speed, which is owed to their particularity as they are based on the blockchain.
This is valid for all cryptocurrencies and more so for Ethereum. They owe this particularity to the network on which they are based: the blockchain. On average, the processing time for fully confirmed transactions is 10 minutes. This is more true for the best cryptocurrencies in the world, including Ethereum, which is a very important aspect in the eyes of casino players.
It’s important to know that the transaction processing speed of Ethereum casinos is rated higher than that of Bitcoin casinos.
Security
Due to its cryptographic nature, Ethereum is a highly secure currency. The users verify the completeness of the smart contracts, which makes any attempt of intrusion by an unauthorized person impossible. Financial transactions using ETH follow the same protocol and enjoy the same degree of security.
Likewise, ETH guarantees total anonymity to all casino players who use it as a payment method. Other advantages are highlighted, such as the regularity of payments, transparency and the fairness of the games. So there is absolutely no risk for players to get scammed.
Help the crypto community
Ethereum’s popularity is a big plus for cryptocurrencies in general. Indeed, they experienced extremely difficult beginnings due to users’ mistrust. The lack of information on how cryptocurrencies work has served them poorly, but this is not the case anymore.
There are increasingly reputable cryptocurrencies, and ETH is one of them. Its prowess and the positive feedback it receives improve the crypto community’s image.
Anonymity
The identity verification procedure is essential when creating an account in a virtual casino. This is an excellent measure because it allows enthusiasts to play with rested heads. Unlike traditional casinos, crypto casinos do not require players to verify their identity or address.
The blockchain on which ETH is based on the principle of anonymity. It is not linked to any State or any banking institution. Therefore, they have no way of forcing casinos to provide them with their players’ personal information.
Taxes
It is well known that states levy taxes on money that passes through online casinos. The rates applied are higher or lower depending on the amounts considered. However, these same governments have no means of pressure on crypto casinos.
Players who open an account in a crypto casino have almost no taxes or duties to pay. As long as players keep their money in cryptocurrency (Ethereum), they remain protected. They will only have to pay taxes after converting their cryptocurrencies to fiat.
Ethereum pros and cons
- Ethereum Popularity. Due to its ever-growing popularity, Ethereum is considered as a means of payment almost as often as Bitcoin.
- There is no trace on bank accounts. By using ETH in crypto casinos, players have the assurance that nothing related to their financial transactions will appear on their bank statements. This is quite practical insofar as the banks will not know this activity, and will be unable to use it to deny you any advantage.
- Total anonymity. Not all crypto casinos require players’ data. Under these conditions, the latter enjoy total anonymity during their games.
- Security. The blockchain has the reputation of being ultra-secure and not allowing intrusion. This level of security is an advantage particularly sought after by casino players.
- The rapidity. Ethereum is known to be one of the fastest cryptocurrencies in the world, way above Bitcoin.
- Ethereum’s trading fees are higher than those of other altcoins due to the price per ETH.
Ethereum deposits and withdrawals
Most Ethereum casinos also accept payment in dollars or another FIAT currency. Well-known deposit services, credit cards, and e-wallets are then available. With most deposit methods, the credit is available within a very short time, so you can start playing right away
How to deposit Ethereum at the casino?
To deposit at an Ethereum casino, you must first have a cryptographic wallet that accepts this currency. Next, you will need to open an account at an Ethereum casino, go to the deposit section and select Ethereum as the payment method. This precision is important because the majority of Ethereum casinos accept several cryptocurrencies.
You will be asked to enter the desired amount for your transaction. Once this is done, the operator will generate an Ethereum wallet email address to receive funds from your crypto wallet. After checking the wallet addresses, validate the transaction by clicking on the corresponding button.
How to withdraw from the casino with Ethereum?
Once in the payments section, and after opting for withdrawals, you must choose Ethereum as the payment method. Next, you will be prompted to enter the code linked to your crypto wallet and the amount you wish to withdraw.
After validating the transaction, you will have to wait for the reception of your funds within 24-72 hours, according to the casinos. Your funds will be transferred into your crypto account.
More Ethereum casinos to choose
Now that Ethereum is almost as popular as Bitcoin, you probably expect crypto casinos to consider this. And rightly so! Online casinos that combine online gambling with a blockchain system know that taking Ethereum into account is a step forward. Despite the common name of bitcoin casinos, you will also find Ethereum as the means of payment and possibly a few more famous cryptocurrencies.
Why is it so important? Since online casinos focus on cryptocurrencies, they can easily stop at Bitcoin. Well, not really. Our passion for gambling is not limited to colorful and aesthetically made games for money. We like new technologies and various kinds of innovations.
Casinos know their audience well and how to make us come to them. The world of online gambling does not stand still, it is constantly developing and looking for new solutions.
Top legal and trusted Ethereum casinos
If you are looking for the best Ethereum casinos, check out any trusted online casinos on our list below. They are most popular among real players of gambling sites that accept Ethereum.
New Ethereum casinos
Keep your eyes peeled for these newly released Ethereum-accepting online casinos! They were released in the last few years and offer some great games worth checking out.
Ethereum casinos security
The security aspect of Ethereum Casinos is very important. Because the payment activities are anonymous, supervisory authorities cannot intervene.
This anonymity protects against government encroachments and efficiently prevents criminal manipulation of personal data. Casino accounts are often vulnerable to unwanted trojans, keyloggers, malware, and adware. Since no personal data is passed on in the transactions, there can not be any misuse.
The selection of the Ethereum Casino also plays a role in security. Only play where there is a valid license. With the license, one can assume that customer funds are kept safe and that security deposits are also made, which ensures a credit payout even if the casino stops gaming for whatever reason.
How to store Ethereum?
Now, you need to find a way to store your cryptocurrency. This is where crypto wallets come into play. What are your options?
- You can leave your funds on the stock exchange. Cryptocurrency exchanges allow you to store your funds without using external devices. However, this is not a recommended method.
- Cold Wallets are the best option if security is your absolute priority. The wallet’s lack of an internet connection ensures security, but convenience is definitely not an advantage here.
- Hot Wallet is a great option if your funds are constantly moving. This type of wallet is connected to the Internet, and you can use it on a computer, tablet, or smartphone. However, the fact that it is connected to the Internet carries a theft risk.
Software providers in Ethereum casinos
Both classic and crypto online casinos collaborate with leading providers. The quality of these games is one of the selection factors most valued by players. Ethereum casinos aim to position themselves sustainably in this sector, and to achieve this, they have not skimped on the means. They have offered themselves the services of the best casino game publishers, as explained below.
NetEnt in Ethereum casinos
Having given birth to many renowned publishers, Sweden is rightly considered the birthplace of casino game providers. NetEnt was established in Sweden in the early 1990s and officially started its activity in 1996. It has made a name for itself in Europe and around the world. It provides many online casinos with various top-quality games.
Microgaming in Ethereum casinos
Operating since 1994, the reputation of this publisher is well established. Microgaming is considered a specialist in slot machines. Its progressive jackpot slots are famous for allowing players to win millions of euros in jackpots. A study carried out estimates that the progressive slots of Microgaming have paid more than 400 million euros in 10 years.
Playtech in Ethereum casinos
This publisher was created in 1999. It quickly directed its activity towards research and innovation, and the results were felt. It is not surprising that online gambling sites seek it out.
Online slots in Ethereum casinos
Slot machines are the most popular game in online and land-based casinos. They are easy to play and come with fun animations, bonuses, and various features like retriggers scatter, and wild symbols.
Several variants are as successful as each other. They work on the same principle: activate the rotation of the reels (3, 5, or more reels) and hope to find the right combination. Video slots involve video animations on successful themes. Finally, slot machines with progressive jackpots involve huge jackpots (which can reach millions of euros).
If you prefer to play with your mobile, you don’t have to limit yourself in the casinos with Ethereum. Choose your favorite slot game in the top Ethereum casino and play!
Roulette in Ethereum casinos
Roulette is simply the queen of casino games. From its French origins, this game has evolved a lot and many variants have emerged. Generally speaking, a roulette game consists of a circular carpet with numbers ranging from 0 to 36, as with French roulette and English roulette. The American version has a double 0, which makes it harder to bet.
The most popular bets in this game are full number (bet on a single number – 35 to 1), straddle (bet on two numbers – 17 to 1), and cross (bet on three numbers – 11 to 1). 1), the square (bet on 4 numbers – 8 for 1).
Blackjack in Ethereum casinos
Blackjack is such a famous game that it’s featured in popular movies. Players face a dealer whose objective is to beat him by trying to be as close as possible to the number 21 without going over.
Several actions are considered in this game: Stay or stand (the player continues the game without asking for an additional card), Double the bet/Quit or double (the player doubles his bet and receives a card), Do a split (the player can separate his first two cards if they make a pair, make the same bet on each of them, and play them each in turn), Double his bet (the player protects himself from a blackjack from the dealer), Fold (give up and surrender half of your original bet).
Baccarat in Ethereum casinos
Some people confuse the two spellings “Baccara” and “Baccarat”. First, you should know that these two spellings designate the same game. Baccarat is one of the essential games in casinos. Its popularity exploded in the 19th century, and since then it hasn’t stopped growing.
Its rules are similar to those of Blackjack. The goal is to get as close to 9 as possible and beat the dealer.
Ethereum casino bonuses
Do you want to increase your chances when you play at an online casino? Ethereum casinos have everything planned to satisfy you. They have designed various promotional offers that enhance the gaming sessions and contribute to satisfying the players. Here are the most common.
Welcome bonus in Ethereum casinos
This first bonus welcomes you as soon as you register at an Ethereum casino. It can take various forms: a percentage on the first deposit capped at a predefined value in ETH, free spins valid on a specific casino slot, or a combination of both.
Specifying that the welcome bonus is exclusively granted to new players is important. In addition, it is backed by wagering conditions that must be met to recover the winnings gleaned from this promotional offer.
Other bonuses are offered to players already registered on the site.
Free spins in Ethereum casinos
Free spins or free spins give players a great opportunity to win at slot machines while having fun for free. The free aspect of this offer is important. Indeed, you will not need to make any additional deposit to use these free spins once they are offered to you. However, the emerging winnings are linked to wagering requirements that must be respected.
They can be offered following the recharge of a certain amount or after a long series of winnings. Also, you should know that you can enjoy it as often as the casino offers you because there is no limit to it.
Bonuses for high rollers in Ethereum casinos
Like all other online money sites, Ethereum casinos reward the most loyal players. Those who place large bets also receive preferential treatment through the VIP program.
The latter has many advantages to which so-called classic players are not entitled. Examples of benefits include free spins, no deposit bonuses, invitations to special events, and even surprise gifts.
Ethereum fees and limits
The concern of many players is additional fees that can come their way. But in this case, your concerns are completely unfounded. No additional fees are usually charged for deposits and withdrawals for cryptocurrencies such as Ethereum. The payment provider, Ethereum, also does not charge any extra costs if you use the payment method for your transactions. The fast processing time should also be emphasized because your money is not only quickly in your player account, but also back in your ETH wallet.
Ethereum alternatives
Ethereum is offered in the majority of online casinos that accept cryptocurrencies. As you already know, it is full of many very effective benefits. However, for one reason or another, you may choose to use another payment method from the alternatives below.
Skrill
Formerly called Moneybookers, Skrill is a super popular e-wallet used by millions of people around the world. It has made a name and a reputation in the transaction banking sector and online casinos.
Skrill allows users to deposit, store, and withdraw funds securely. It is known as one of the fastest and most convenient e-wallets around. The Financial Services Authority (FSA) regulates Skrill.
Neteller
Neteller is also a successful electronic wallet with an excellent reputation. This system acts as a mediator between users’ accounts or bank cards and the casinos in which they opened an account. Skrill was founded in 1999, and its notoriety has grown since then.
Security is key with this wallet, as partner companies cannot access users’ personal information. In short, it is a secure payment method that allows deposits and withdrawals and processes transactions quickly.
Bitcoin
Bitcoin sits at the top of the world’s cryptocurrency rankings. Created in 2009, this cryptocurrency has become the standard digital currency bearer. It is found in the majority of classic and cryptographic online gaming sites.
Using Bitcoin, you can play in all casinos that accept cryptocurrencies, including crypto casinos. It is a secure, fast currency that meets the needs of players who want to remain anonymous.
Final thoughts on Ethereum casinos
Not everything that glitters is also completely flawless. Ethereum also has its pros and cons.
Security is not only a top priority in the Ethereum casinos. The payment service also attaches great importance to the security of its users. It is, therefore, also possible for your money transfer to be carried out anonymously. It is also possible to set up 2-step verification. This is activated when someone wants to log in on another device. In addition, we determined in our review that the payments are quick and secure. In addition, you can choose VPN casinos to improve your anonymity.
A shortcoming is that there is rarely an Ethereum online casino. The payment method is also not that widespread. But in Canada, special Bitcoin casinos allow you to use the cryptocurrency. Although the operators of internet casinos usually do not charge fees, you have to pay transaction costs to exchange Canadian dollars into Ethereum. So it would help if you thought beforehand about how much money you want to exchange.
