The chief advantage Ethereum casinos have over traditional, fiat currency-based online casino sites is that deposits are instant and more anonymous. Gone are the days of your bank account or local government cracking down on what you choose to do with your own money for your entertainment – by converting your funds into cryptocurrencies you can in a sense become your own bank and experience more freedom of choice online.

Ethereum transactions are lightning-fast, processed instantly or in just a few minutes at times of high network congestion. They can’t be traced back to you and leave no paper trail like moving USD, GBP or EUR. There are less limitations on how much or how little you transfer – whether you’re a micro-stakes player or a high roller, cryptocurrency makes things smoother.

Ethereum as an Investment

Ethereum is also a store of value, a hedge against inflation, and one of the best-performing financial assets of the last decade, significantly outperforming Gold, oil, or other conventional assets. So even if you lose in the pits, you may find yourself in profit at the end of the day as whatever Ethereum you have left over has increased in value.

For example, due to the house edge playing casino games – remember, the house always wins – say you lose 10% of the funds you set aside for a gambling entertainment budget. So 0.1 ETH of the 1 ETH you purchased for that purpose (equivalent to around $4000 at the time of writing).

If you’d been gambling in USD, you’d be down $400 and have $3600 remaining. However, the advantage of storing your budget in Ethereum and using an ETH-friendly casino is that your ETH can potentially increase in valuation over time – the overall trend of the Ethereum price has been bullish. You may find that the price of Ethereum has increased 10% – not uncommon in the space of a week or month – and that you’re still breakeven.

How to Gamble Responsibly with Ethereum

The potential for ETH to rise in value makes it doubly important to stay solvent and not risk too much – always gamble responsibly.

Pick a wager size and betting stakes suitable for your budget and don’t vary from it, even if you experience a downswing. If you’re on an unlucky streak, close the computer and take a break.

Signs of Developing a Gambling Problem

Tell-tale signs of developing a gambling addiction can include:

• Jumping up in stakes after a loss to bet bigger
• Deviating from optimal basic strategy e.g. in Blackjack
• Feelings of anxiety, anger, depression
• Neglecting family and friends

If you think you’re developing a gambling problem, you can seek professional help from:

Their teams of professionals can advise you further on how to manage and overcome a gambling addiction before it affects your finances.

Also, read InsideBitcoins’ guide to responsible investing and gambling.

Remember that unlike trading the markets or playing poker against human opponents, when you’re up against a casino site, you are playing in a negative expectation (-EV) game where the odds are mathematically against you.

Over the long run, casino games such as video poker, roulette, and craps are unbeatable. Slots and Keno in particular have a large house edge.

How do I choose a provably fair Ethereum casino?

So now that you know the ins and outs of how an Ethereum casino works, and how you can maximize your chances of cashing out a welcome bonus, we are now going to highlight some of the most important factors that you need to look out for when choosing an Ethereum casino or sportsbook.

Ultimately, this section is of the utmost importance, as you need to choose a platform that not only meets your needs, but that is safe and secure, too.

Reputation

As you will be entrusting your funds with the Ethereum casino, your first port of call is to look at the platform’s reputation in the online space. Initially, it might be a good idea to assess how long the platform has been in business. If you scroll to the very top of this page and explore the five platforms that we recommend, you’ll see that most operators have been trading for at least five years. This adds a significant amount of weight to the Ethereum casino’s credentials.

It is also worth exploring player reviews in the public domain. This is an excellent way to assess the experiences of players that have actually used the casino in question. Browse forums, social media and sites like TrustPilot for the latest Ethereum casino reviews from players.

Deposits and Withdrawals

You should only choose an Ethereum casino that offers instant deposits and withdrawals. By this, we mean that the end payments system is automated. In terms of deposits, we only recommend platforms that credit your account as soon as the blockchain has confirmed the transaction as valid.

At the other end of the spectrum, we prefer platforms that automatically process withdrawal requests as soon as they are made. In doing so, you’ll receive your winnings in just a few minutes. This is in stark contrast to fiat currency casinos, who typically make you wait for days on end before you receive your winnings back.

Bonuses

The types of bonuses offered by the Ethereum casino in question should also play a major role in your decision-making process. You’ll want to choose a platform that offers a lucrative welcome package. Not only this, but try to opt for bonuses that come with the lowest wagering requirements, and the longest expiry date.

It is also important to choose an Ethereum casino that offers bonuses and promotions to existing players. This will ensure that you are able to choose a platform that you can remain on long-term.

For our Ethereum casino review, we factored in bonus size and wagering requirements, aka ‘rollover’ – the playthrough requirement to clear and cash out bonuses.

Gaming Suite/Betting Markets

You should also make some considerations about how comprehensive the platform is in terms of gambling products. If you’re looking for a conventional casino platform, then spend some time exploring how many games the operator hosts. It is also worth seeing what software developers the platform has partnered with, as this will determine the quality of the end-to-end gaming experience.

If you’re instead looking to bet on sports, you should look to see how many markets the platform in question offers. You want to choose an Ethereum betting site that offers thousands of markets at competitive odds – both pre-match and in-play.

Customer Support

Although this point is often overlooked, you should also ensure that you choose an Ethereum casino that offers top-grade customer support. In most cases, this should include a 24-hour live chat facility that allows you to receive support around the clock.

It is also important that you are connected to a live agent in the quickest time possible, as long waiting times can be a pain point if you need speedy assistance.

Best Ethereum Casino Bonuses

Casino bonuses are the holy grail of internet casinos, and Ethereum casinos are no exception. But as it is with crypto bonuses, they are fairly large. Perhaps it is because these gaming platforms want to encourage players to use digital currency more often. There would be no reason to resist Ethereum gambling for, in most cases, there are neither fees nor taxes attached to these transactions. Some of the most common types of casino bonus deals include;

Do I need to own Ethereum play at an Ethereum Casino?

There are free Ethereum casino games you can play for fun. However, to play for real money, which is why we gamble, you first need to have some ETH, probably from an online exchange.

Where Can I Buy Ethereum?

There are a number of exchanges where you can buy Ethereum with PayPal and many other payment options safely. One of the best platforms to do so is Binance.

Binance is one of the biggest cryptocurrency exchanges, offering over 100 crypto assets to buy and some of the lowest fees in the market, with 0.1% base fee. 

Pros

• Lowest fees at 0.1% base fee
• Secure platform with 2FA authentication
• High transaction speed

Cons

Another easy-to-use option for beginners is eToro, as they have a wide range of deposit options including Paypal, e-wallets, VISA, Sofort, and bank transfer. They will also pay you staking rewards for any Ethereum you leave in your exchange wallet and don’t transfer to an Ethereum online casino.

Best Ethereum Sportsbooks

Aside from Ethereum online casinos, there are also a number of Ethereum betting sites and sportsbooks that work on the Ethereum blockchain. Below, we review the top ETH betting sites.

Sportsbet.io

Sportsbet.io, the sister site of the infamous Bitcasino.io, is a renowned player in the industry, particularly in football where it is the shirt sponsor of English Premier League side Watford FC, and Brazil giants, Flamengo FC. The blockchain-backed platform supports Ethereum and a host of other digital currencies. With a variety of sports to wager on and hundreds of markets to exploit, there’s no reason why you would bet elsewhere.

Pros:

• Mobile-friendly
• Also has a casino
• Variety of Bonuses
• Live Streaming
• Cash-out Feature

Sportsbetting.ag

SportsBetting.ag is a fantastic casino and sportsbook with no geo-restrictions, so it is open to US residents as well. It accepts Ethereum among other cryptocurrencies as both deposit and withdrawal methods. One of its strongest points is the fast payment turnaround, under an hour and at most 2 hours. It covers almost every sport, including American football, baseball, soccer, tennis, and much more. Most notably, SportsBetting.ag doesn’t charge a fee on Ethereum transactions.

Pros:

• Mobile-friendly
• Flexible deposit and withdrawal limits
• A wide variety of sports.
• Rich bonus offer

Cons:

• No VIP program
• High wagering requirements

1xBet

Another attractive option to look at is 1xbet. You not only enjoy a 100% sports-betting bonus, and there’s you have access to different sports and live-sport markets. Plus, it blends it with a vast assortment of fantasy sports. Some of the perks that come with Ethereum support include no need to provide your details, quick funding of your account, and making transactions without restrictions and at no cost whatsoever. 1xBet is one of the few sites that allows you to bet in cryptos and withdraw in fiat currencies.

Pros:

• Mobile-friendly
• Hundreds of betting markets
• Wide coverage of sports.

Cons:

• Slow customer support
• Low bonus offers

How We Ranked the Ethereum Casinos on This Page

We’ve vetted all the sites included is our Ethereum casino reviews based on the following factors:

• Registration and licensing status
• The friendliness of the user interface
• The variety of games it offers
• Provability of the games’ fairness
• Alternative payment options
• Promptness of the transactions
• Types and quality of bonuses
• Quality of customer service
• A standout feature, if any

Final Thoughts On Ethereum Casinos

Ethereum (find out how to buy Ethereum here) and other altcoins are surviving the legal leaps and bounds, and nothing seems to stop them. Ethereum, in particular, has impressed as the best alternative currency in internet gambling. A decade ago when it all started, most people thought cryptocurrency would be another Friendster, MySpace, or just another fad – a momentary excitement provoked by the then desperation in the wake of the global financial crisis.

If you have a few ETH and are willing to start your journey, then we highly recommend Lucky Block as one of the top Ethereum online casinos for its highly attractive 200% bonus and no KYC requirements. Click the link below to start increasing your crypto holdings while having fun at it.

Lucky Block Casino – Decentralized Gambling Platform

• Bet With Crypto – BTC, ETH, USDT, LBLOCK and More
• Live Dealers – luckyblock.com
• Rated Best New Crypto Casino – No KYC
• Thousands of Slots, Blackjack, Roulette Games

FAQs

Are Ethereum Casino Bonuses in Fiat?

Not really! It depends on the casino you have chosen. Most providers, however, will award you a bonus based on the currency you use. In this case, if you have deposited in ETH, mostly like the bonus will be in ETH.

Can I withdraw the ETH Bonus?

No, an Ethereum Casino gives you free digital currency to get you started. So, each bonus will come with preset conditions called ‘wagering requirements’ attached to it. You’ll have to meet these conditions before you can withdraw such money from your casino account. For example, you may have to wager the bonus 20X times before you can withdraw. Some casinos also limit as to how much of the winnings from the bonus you can withdraw.

Is Poker Available at Ethereum Casinos?

A relatively small number of Ethereum Casinos offer poker rooms. Quite frankly, it is because there’s a low number of players who play cryptocurrency poker online. So, you might not be lucky to find worthy competition in this sphere of iGaming.

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