Online casinos offer users a chance to wager and win prizes. Over the years, there are many stories of casinos turning beggars into kings and vice versa. The growth of cryptocurrencies has seen many online casinos integrate the payment mode on their platforms, thereby offering users an alternative way to fund and withdraw funds with additional perks like access to higher limits and so on.
With so many casinos in existence, it's hard to choose the right platform for your needs. This guide will list some of the best Ethereum casinos in 2022.
Compare The Best Ethereum Casinos
Today, many Ethereum casinos exist online. They cater to various markets, including sports betting, casino sites, online poker, and esports betting sites. Most can be found either through the web, as desktop or mobile applications. Below is a list of Ethereum casinos along with their features and advantages.
Understanding Ethereum Casinos
To get started on an Ethereum casino, visit the official page and register an account. Or you can join using your Facebook or Google accounts. Enter your personal information, including your name, email address and set a strong password. A link will be sent to your email inbox. Click on it to verify your email, and you will be sent to the website. Since this platform will handle your funds, proceed to the settings tab and enable two-factor authentication (2FA) to secure the account.
Back to the main page, on the left side, you will see the various games on offer, including sports. In the middle, there is a wallet tab with different funding modes. Click on the drop-down menu and select Ethereum (ETH). You will be taken to the deposit menu. Copy the address and send ETH to the wallet. Remember that sending any other coin to this wallet will lead to loss of funds.
With funds safe in your account, you can begin to stake in various events offered in the casino. A typical casino should have all the typical offerings such as slots, live casinos, game shows, jackpot slots, table games, virtual games, stake originals, blackjack, baccarat, roulette and sports. It should also have promotions.
Remember, some casinos offer the "under the radar" betting feature, which means you can get involved with the platform without verifying your account, while others will require verification of the account since they have to abide by regulators. Using an unregulated casinos can expose you to the risk of fraud.
Advantages & Disadvantages of Using Ethereum Casinos
Are Ethereum Casinos Safe?
Before live casinos were regulated, players often had to worry about the fairness of games and the safety of the casino itself. But this has changed as today; live casinos are tightly controlled and overseen by government agencies. Players have little reason to worry but security is vital especially given the risks involved with online financial transactions.
Two factors determine how secure an Ethereum casino is. These include the regulatory and testing bodies involved and random number generators. A quality casino should hold a license that a credible jurisdiction has issued. The United Kingdom, Malta, and the Isle of Man are three of the most reputable licensing bodies that issue such licenses for online casinos. Therefore, online casinos that submit their games and systems to the regular auditing required to maintain a license are simply more likely to be secure than those that are weakly regulated or operate without a license.
Random number generators (RNGs) are at the centre of a secure and fair online casino. Without a reliable, truly random generator, the player cannot determine whether a game at a casino is fair or not. RNG serves as the primary tool used to determine if a deal of the card or spin of the slot is genuinely based on chance and not subject to outside interference. A reliable Ethereum casino that takes security seriously should provide information about their RNG and employ independent companies to test and verify RNG. This verification should be readily available at the casino's website.
How To Choose an Ethereum Casino
When it comes to choosing the best Ethereum casino that serves your needs best, there are a few things you need to pay attention to. The first thing, of course, is if the casino supports ETH deposits and withdrawals. Whether it offers provably fair games? With online gambling, trusting that the casino is not cheating is a daunting task. But thanks to provably fairness system, trust is eliminated using mathematical proofs. The casino should offer games where players can always check every game's outcome if it's fair and wasn't tampered with, making cheating arguably impossible.
Other factors include the fees charged. Very high fees can impact your winnings; therefore, you are better off at a platform that takes only a tiny fraction of your earnings. And since it's a money handling platform, is it licensed to carry out its operations? A licensed platform will inspire confidence in the players than one that isn't. Licensing can also signify if you are dealing with a legit casino or a scam.
Additionally, you should check out the bonuses offered. Some platforms will offer bonuses to new players, while others will not. Most importantly, ensure you check the type of games on offer. The more the games, the better.
3 Steps To Using an Ethereum Casino
Step 1: Choose an Ethereum Casino
The first step involves identifying a casino that supports Ethereum for deposits, staking, and withdrawals. Look at the various perks each platform offers, including the number of games supported, bonuses offered, security, fees charged, provably fair and ease of use if it's licensed.
Step 2: Signing up on an Ethereum Casino
Once you identify the perfect platform that meets your needs, proceed to sign up. You will have to enter personal details such as username, email address, and set a strong password. A link will be sent to your inbox, which you need to click on to verify the email address.
Step 3: Start Using Ethereum Casino
Once you have signed in, visit the settings page and activate 2FA to secure your account from bad actors. The platform will be handling your winnings, and you don't want to lose those easily due to getting hacked or something. Then proceed to fund the account using ETH and play.
Casinos offer players a chance to bet and win rewards in the most fun way. Thanks to the growth of online Ethereum casinos, you don't have to visit the physical location to enjoy a casino's perks. Crypto makes it possible to participate in anonymous betting without having to disclose your identity. But like most platforms offering users a chance to make money, online casinos are also targeted by scammers. Therefore it's crucial to check out if the platform holds a license from a reputable authority and offers provably fair games.
Frequently Asked Questions
No. Even though ETH is highly volatile like other cryptocurrencies, players have the option to convert their ETH deposits to stable "chips".
Reputable casinos will offer excellent security. But, it's advisable to withdraw your funds you don't intend to use to a private account.
Yes, but if you withdraw funds while there is an active bonus running, you may lose your bonus.
This will depend on the amount of funds you are wagering and your experience level.
Yes. Most Ethereum Casinos can be found in almost all nations worldwide but check your local laws before playing.
This depends on your preference but go through our list to see some of the best platforms available in the market today.
This depends on personal preferences, but there are a few things to consider, such as the games on offer, welcome bonus, how convenient it is to deposit and withdraw funds.
Some of the popular games to be found on Ethereum Casino include Bingo, Keno, Roulette, Slot machines and Blackjack.