Ethereum Casinos
Ethereum Casinos
What You Need to Know
Ethereum Casinos are on the rise as cryptocurrencies can be used for quick deposits and withdrawals at online casinos. Like Bitcoin, it uses blockchain technology to provide a safe, anonymous way to make online transactions.
More and more online casino sites are constantly adding Ethereum to their payment methods. As it offers a variety of advantages over rival banking options many players find it is their favorite deposit method.
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Complete Guide to Ethereum Casinos
Ethereum has similarities and differences to Bitcoin, the most famous blockchain application. A big part of this online Ethereum Casino Guide will compare and contrast the two.
We’ll compare to other banking methods, too. We will explain how to fund your online casino account using ETH, and how to cash out using the virtual currency as well. Crypto casino payments are much faster than credit cards, web wallets, and bank transfers. They also protect you from identity thieves.
Top Online Ethereum Casinos
BetOnline Casino
BetOnline accepts Ethereum deposits and accepts player from United States online casino players. BetOnline Casino includes an online casino with a card room, live dealer casino, sportsbook, racebook, binary options, and eSports betting.
Visa and MasterCard payments require a fee at BetOnline, so we Ethereum is the best way to pay. The $500 Crypto-Bonus has a $20 minimum deposit limit but otherwise handles most deposit levels. High rollers can make bigger deposits with Ethereum than other payment types at BetOnline.
| Deposit Limits | Payout Limits |
|---|---|
| Minimum: $20 Maximum: $25,000 |
Minimum: $20 Maximum: $10,000 |
ETH Bonus:Claim your $500 Crypto-Bonus today by signing up at BetOnline using the Code: CRYPTOBET. This promotion has a 14x playthrough.
SportsBetting.ag Casino
SportsBetting.ag is a US-friendly online casino and sportsbook which accepts Ethereum deposits. The max time an ETH payment takes is 2 hours, but most deposits appear within a few minutes. Withdrawals take a little longer, with a max time of 48 hours, though most cashouts arrive in your e-wallet within an hour.
SportsBetting doesn’t charge a fee on Ethereum deposits, while a 7.5% fee applies to credit, debit, or gift cards deposits. SportsBetting is a full sportsbook and racebook, while it has 181 online casino and live dealer games available for casino players.
| Deposit Limits | Payout Limits |
|---|---|
| Minimum: $20 Maximum: $25,000 |
Minimum: $20 Maximum: $10,000 |
How to Choose an Ethereum Online Casino
Online casinos are not all the same. Some casino sites have different deposit limits and withdrawal times, so it pays to research before choosing an online casino. When picking an Ethereum casino even more factors are involved. Consider each of the factors below before choosing a casino with Ethereum payments.
Deposit Limits
Withdrawal Limits
Game Selection
Mobile Casino Apps
Ethereum Wallets Accepted
24/7 Customer Support
Deposit Times
Withdrawal Times
Crypto-Currency Bonuses
Using Ethereum as a Payment Method at an Online Casino
If you’re new to crypto-currency deposits, read through this section to get up to speed quickly. Using Ethereum is simple, though it has a couple of preliminary steps: choosing an Ethereum wallet and purchasing ether at an exchange. An Ethereum wallet works like an e-Wallet or PayPal, storing your money online. An Ethereum exchange is where you buy ether at the current rate of exchange.
Making an ETC Deposit
Pick an Ethereum Wallet
Choose a reputable service that holds your Ethereum crypto-currency. SportsBetting and BetOnline list three crypto-currency exchanges they prefer: Electrum, Coinomi, and Loafwallet.
Buy Ether Online at an Exchange
The next step is to go to an online crypto-currency exchange to purchase ethers. Kraken.com, Coinbase.com, and Bitstamp.net are the three exchanges BetOnline and SportsBetting suggest. To make purchases, use your bank account, credit card, or ACH transactions.
Register at an Online Casino
Decide on which real money online casino you want to use for your Ethereum betting. We recommend BetOnline and SportsBetting because they cater to American crypto-currency users. Click “Sign Up” to join a site. Fill in the registration form. Click on the confirmation email to become a member.
Sign In and Make a Deposit
Once you have your confirmation email, sign in to the online casino account, then pick Ethereum as a payment method on your cashier page. Transfer virtual currency from your Ethereum wallet to the online casino. Deposits are almost instant, while withdrawals might take an hour or two.
Play for Real Money
Now that you have successfully funded your online account using Ethereum, make sure to email your code to claim your Crypto-Bonus.
Online Casino Withdrawals with Ethereum
Clear the Crypto-Currency Bonus
Before you make a withdrawal, play long enough to clear the wagering requirements on your bonus. Accept the Crypto-Bonus via email, then wager on sports to clear your requirement. SportsBetting and BetOnline require players to email a coupon code to activate a bonus, so contact customer support when signing up.
Play for Real Money
Once the bonus is cleared, explore the rest of the site, including the online casino games. Casinos have broad categories like table games, slots, video poker, and specialty games. Ongoing players sometimes qualify for weekly bonuses or reload bonuses, so ask the casino staff in live chat what Ethereum-friendly promotions are available.
Re-Fund Your Account
Use your Ethereum wallet to reload your casino account if funds get low. You might win cash in your first gaming sessions, but you might lose. Remember that BetOnline and SportsBetting have 20% reload bonuses for players who were not so lucky, meaning you get back 20% of the cash you lost.
Make a Withdrawal
Once you collect winnings, go to the Cashier page to make an Ethereum withdrawal. This transfer funds to your Ethereum wallet, which can be converted back to currency at your leisure. Ethereum payouts at BetOnline and SportsBetting usually arrive in your wallet within 2 hours.
Advantages & Drawbacks of Using Ethereum to Fund Your Online Casino Account
Pros
- Safe – Ethereum is safe, secure, private, and transparent. Your online payments have zero chance for fraud or third-party interference because the blockchain runs exactly as commanded.
- Better Fees – Ethereum doesn’t fluctuate in price as much as Bitcoin. You aren’t as likely to lose value with market changes.
- Not Centralized – Ethereum is decentralized and unlikely to be regulated as a security, according to the SEC.
- Free Payouts – Top US online casinos charge a 7.5% surcharge for Visa and MasterCard deposits, but Ethereum payments are free.
Cons
- Limited Availability – Ethereum isn’t used at as many online casinos as Bitcoin, so its availability is limited.
- Room for Improvement – The technology is still new, so its functionality is still developing. Servers crash more often than Bitcoin casino servers.
- Additional Setup – You’ll need to set up an Ethereum wallet and buy ether at a crypto-currency exchange. Luckily, we give steps that make both easy to do.
Top Online Games that can be played using Ethereum
The $500 Crypto-Currency bonus at BetOnline stipulates wagers at the sportsbook. Not many US-friendly online casinos have an Ethereum deposit bonus at the moment, but that will change over time. Virtual currencies are the easiest way to handle deposits and payouts at online casinos, so Ethereum and its rival blockchain payments are becoming more popular all the time. Keep checking back to see which online games have Ethereum bonuses.
Ethereum: Brief history
Ethereum was released in July 2015 by co-designers Vitalik Buterin, Gavin Wood, and Joseph Lubin. Bitcoin was developed simply for money transactions. Ethereum is an open-source computing platform which focuses on running the programming code any decentralized application. It handles payments but is much more than that. Ethereum has several types of applications, including smart contracts and ether payments.
Vitalik Buterin
Joseph Lubin
Gavin Wood
Final Thoughts on Ethereum Casinos
Besides making payments, the distributed public blockchain network which helps developers build systems for electronic voting, digitally recording property assets, regulation, or hundreds of other uses. Ethereum’s ability to handle smart contracts has amazing possibilities. Some investors believe smart contracts one day will allow sports betting with a zero percent house edge. That’s for another day. For now, Ethereum handles online casino deposits and withdrawals as well as any payment method in the world.
