We are about to witness a revolution in the iGaming industry and Ethereum casino sites will be the flag-carrier: In a couple of years, we won’t have to worry about fairness, payments, and even licenses. Ethereum gambling comes with many advantages and will change the way we play: No matter where you live in the world, you will be able to play thousands of online casino games.
If you want to learn more about this revolution, keep reading: Below, we explain everything you need to know about crypto gambling. Moreover, we will offer Ethereum casino reviews so you can start playing at the best sites right away. Let’s start!
- 1Best Ethereum Casino Sites
- 2What Is an Online Ethereum Casino?
- 3Smart Contracts at Ethereum Backed Casino Sites
- 4Ethereum Gambling Casino Sites Offer Unmatched Security & Privacy
- 5Making Payments at Ethereum Casino Sites
- 6Bitcoin vs Ethereum Casino Sites: Which One Is Better?
- 7Advantages of Ethereum Casino Gambling
- 8Disadvantages of Ethereum Casino Gambling
- 9FAQ About Ethereum Casino Sites
- 10Read Our Ethereum Casino Reviews & Pick One Today
Best Ethereum Casino Sites in 2021
First, let’s take a look at the best Ethereum casino sites you can play in 2021. We picked these websites according to our high standards and tested each one personally. They support other currencies too and offer the best & latest bonuses and games. If you want to see more options and compare online casinos, you can visit our online casino reviews section.
What Is an Online Ethereum Casino?
Smart Contracts at Ethereum Backed Casino Sites
To explain how Ethereum casino sites work, we need to talk about a feature of the ETH blockchain: smart contracts. Ethereum is a modern cryptocurrency with smart contract support, and this support is its biggest difference from Bitcoin. (Bitcoin cannot support smart contracts due to its legacy code structure.) Smart contracts are a program or protocol that can run itself. They work just like real contracts: they automatically complete an action when pre-set conditions are met.
For example, if you buy an online service using ETH, the blockchain will automatically generate a smart contract for this transaction. Your payment will only be transferred to the merchant after you start using the service, and this will happen automatically. Ethereum casino sites also work according to this logic: Every game you play is a smart contract. These work like this:
- The operator pre-uploads the payout of the game to the blockchain. The blockchain works as a kind of escrow account.
- When the player deposits money to play the game, the smart contract is signed. If the player wins, the blockchain makes the payment instantly and automatically. The operator does not need to give confirmation.
- If the player loses, the money deposited to play the game is instantly and automatically transferred to the operator’s ETH account.
In a way, online casino software on Ethereum casino sites runs on its own: These are operations that can be carried out with just a few people. Due to the decrease in costs, house edge rates on Ethereum casino sites also decrease: It is possible to find casino sites with house edge less than 1% in all games.
How To Get ETH To Use At Ethereum Casino Sites?
Ethereum Gambling Casino Sites Offer Unmatched Security & Privacy
Making Payments at Ethereum Casino Sites
Making deposits and withdrawals on Ethereum casino sites is fairly easy once you understand how the system works. Just like other sites, you can even get high roller casino bonuses with your payments. You need an “address” to trade on the ETH blockchain. This address consists of a string of letters and numbers and is generated from scratch for each transaction. You can think of this address as your IBAN number, but it cannot be associated with your identity and is not a fixed address, it is re-created for each transaction.
To obtain this address, simply use a wallet as mentioned above. These wallets are free and also work on mobile devices. When you launch the wallet, the blockchain address you can use for that transaction (sending/receiving money) will be displayed. It is also possible to send ETH to a specific address using the wallet. These wallets are very easy to use and require no technical knowledge.
How to Make a Deposit?
In line with these explanations, to make a deposit on an Ethereum casino site:
How to Make a Withdrawal?
To make a withdrawal, just follow similar steps. However, this time you will need to provide your own blockchain address.
Bitcoin vs Ethereum Casino Sites: Which One Is Better?
If you will be using cryptocurrencies for online gambling, Ethereum is a much more suitable currency. The reasons for this are:
Ethereum Casino Sites Offer Provably Fair Games
Advantages of Ethereum Casino Gambling
Disadvantages of Ethereum Casino Gambling
FAQ About Ethereum Casino Sites
Read Our Ethereum Casino Reviews & Pick One Today
You have learned how Ethereum casino sites work and what you can expect from them: Now is the time to start playing. Choose one of the sites we recommend above (visit our Ethereum casino reviews page if you like), buy any amount of ETH you want, and experience the advantages of crypto gambling. Ethereum has the potential to change the iGaming industry from start to finish, and it would be best to meet it right now. We wish you good luck: We hope you win every game you play!