Best Ethereum Casinos for 2022
Ethereum casinos are rapidly gaining popularity in the UK as people search for convenient casino banking methods. ETH is one of the biggest cryptocurrencies in the world. Many players have accepted it as a viable payment method because of its privacy, smart contacts and security.
Find the best UK casinos that accept Ethereum and get to claim generous bonuses. Read more to find out what Ethereum casinos are all about.
Top Ethereum Casino Sites 2022
What is Ethereum?
Ethereum is one of the most popular cryptocurrencies in the world. It’s a crypto payment method established in 2014 and has high-quality security, transparency and privacy. Plus, you can expect fast payments when you use this casino banking method.
Ethereum has even surpassed Bitcoin in popularity and transactions. That’s why many internet casinos accept ETH as a casino banking method. So, an Ethereum casino is an online gambling site that accepts ETH or Ether as payment options.
In most cases, you’ll find that the casino accepting Ethereum will also accept other cryptos like Litecoin, Bitcoin etc. We’ve recommended the best Ethereum casinos in the UK. Choose one of them to sign up and claim some bonuses.
How Does Ethereum Payments Work at Casinos?
Ethereum was developed by software engineers that contributed to Bitcoin. However, these engineers aimed to produce something better than Bitcoin. So, Ethereum is a financial system that’s de-centralised and blockchain-based.
All the transactions that use Ether or ETH will be recorded on a ledger (blockchain) for everyone to see. Every transaction is recorded, which means the blockchain is constantly growing. So, that means that deposits and withdrawals made on the ETH platform are more transparent and safer than traditional banking methods.
How to Buy Ethereum?
You need to sign up to an Ethereum wallet to buy ETH with GBP. You can also sign up to crypto exchanges like Gemini, eToro or Coinbase to buy Ether in pounds. Once you’ve signed up, you can use a standard payment method like a debit card to buy ETH in GBP.
Benefits of Ethereum Online Casinos
Playing at an Ethereum casino will offer you more benefits that regular internet casinos don’t offer. We’ve compiled a list of some of the benefits available to you at ETH casinos below:
1. Instant Payments
There are no intermediaries with Ethereum, so the transactions are faster than other transactions. As we’ve mentioned before, the crypto is de-centralised, meaning there is no central authority to process the deposits and withdrawals. Verification is handled by the algorithm designed into the blockchain. So, the transactions are verified instantly.
2. Security and Transparency
Many players have testified to the fairness of Ethereum payments. That means you cannot be cheated out of your money because the blockchain is accessible to everyone that uses Ether. So, you can check the money coming in and out. Plus, the crypto uses smart contracts, which allows for further transparency and security.
3. Anonymity
All the transactions on the Ethereum blockchain are anonymous. So, your name is not required to verify your identity. The casino payment option only uses an address that allows you to make transactions. So, if you need to make confidential casino payments, ETH is your best bet.
4. Accessibility
You can access Ethereum from anywhere in the world because it doesn’t belong to a specific country. So, unlike fiat currency, Ethereum is not issued by any government. You can use a trusted VPN service to access the cryptocurrency and play the best Ethereum casino games.
Ethereum Casino Games
Most Ethereum will not limit your access to any games available at the casino. The best part is that once you have some Ether on your hands, you can gain access to games outside of the cryptocurrency.
For example, you can play games like CryptoKittie, a game that allows you to design your unique pet online. CryptoKitties will also allow you to trade, buy and sell other pets online. The game is all built on the Ethereum blockchain platform. This game is one of the first to use a blockchain as some entertainment.
There are other games like Crash Gambling that you can play using crypto. You have to guess the best time to cash out before the crash in this game. Ethereum online gambling is not limited to these games that are mentioned.
However, there are other games that you can play at Ethereum casinos, including:
- Online Slots
- Video Poker
- Table Games
- Sports Betting
- Live Dealer Casino Games
How to Use Ethereum at a Casino
So, now that you’ve got ETH in your wallet, you’re probably thinking about using it at a casino. Here are some steps to take when you’re depositing with Ethereum:
- Head to the cashiers section of your favourite Ethereum casino.
- Choose Ethereum as your preferred payment method.
- Enter the amount you want to deposit.
- The casino will send you a generated one-time Ethereum address to send the funds to.
- Then, enter the address in your Ethereum wallet and the amount you want to deposit.
- The funds will instantly appear in your casino account.
Ethereum Casino Tips
You can do certain things to make sure that you’re getting the best experience at Ethereum casinos. Here are some tips for enjoying your time at the best ETH casinos:
- Make sure that the casino you’re signed up at will allow you to convert your ETH to Pounds. Alternatively, the casino should allow you to withdraw your winnings in ETH. The exchange rate between Ether and fiat currency fluctuates. So, your winnings might be more or less, depending on the rate.
- Check if there are any fees to making crypto payments at a casino. There usually are no fees attached to cryptocurrencies because there are no intermediaries. However, it would be best to be certain before you sign up.
- It’s good to sign up at a casino that accepts Ethereum and pounds. That way, you have more flexibility, and you can switch better fiat currency and crypto payments with ease.
Ethereum Casino Bonuses
Ethereum is a currency that many people look for and want to use. So, virtual casinos will often offer exclusive bonuses like deposit bonus offers and others. Look through our list of Ethereum gambling sites and see what kind of bonuses you can claim.
Disadvantages of using Ethereum at Casino Sites
We’ve mentioned some of the great things you can get from using Ethereum for gambling. However, there are some downsides. Below we’ll discuss some of the cons of using Ethereum for gambling.
Volatility
Ethereum’s value will fluctuate because the crypto is constantly traded like a stock. Many people will buy Ethereum as an investment, which will determine the rise and fall of its value. While fiat currency might remain stable for a certain period, it’s not the same for Ethereum.
For example, Ethereum might be worth £3000 one day and £1000 the next day. So, don’t treat your Ether as currency but as an investment.
Availability
Although Ethereum is a popular cryptocurrency, some online gambling sites still don’t accept it. Especially the older and more established casino websites. These casinos don’t believe that you will have enough operating funds in your account.
Many players use e-wallets and debit cards to make deposits at Ethereum casino sites. But more and more casinos are starting to accept Ethereum as a payment option.
Ethereum Casino FAQs
An Ethereum casino is a casino site that accepts ETH or Ether as a payment option. You can claim some bonuses and play the best casino games online.
We have listed some of the best casinos that accept ETH as a casino banking method. You can choose any one of them to make deposits and withdrawals using ETH.
Yes. There are a lot of crypto casinos that accept Ethereum.
Ethereum does not have a fixed cost, so it changes from time to time.
You have to sign up to an Ether wallet or a cryptocurrency exchange to buy ETH in Pounds.
Many sports betting sites and online casinos accept ETH as a payment option. If you’re interested in an online sports betting site, ask customer support if they accept ETH.
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