Pros and cons of using Ethereum
As with any payment method at an online casino, you might find some plus points and negatives involved with ETH. I’ve brought some main points together here for you to consider. Many of these apply to Litecoin casinos too, if you’re comparing sites before choosing which one to join.
- It’s a popular cryptocurrency
- Offers transparent transactions
- Uses decentralized method
- Not beginner friendly
Making a payment with Ethereum
If you’re going to use Ethereum, you’ll need a crypto wallet first. Hardware wallets offer the best security, but software wallets are more convenient, especially if you’re making deposits to an online casino or regularly purchasing things online.
Access your wallet
When you want to pay for something, you’ll need to go to your wallet. The person or company you’re sending the money to can then give you a QR code to scan, or their wallet address.
Enter the address
You then enter the address (or scan the code) and add the amount you want to send. Always check everything before proceeding, from the wallet address to the amount. You’ll pay gas fees for each transaction, too.
Send the payment
You then complete the process by sending the payment. It usually takes a few seconds for the payment to transfer from your wallet to the destination wallet, depending on how busy the network is.
Understanding withdrawals and deposits with Ethereum
If you’ve never used cryptocurrency before, you’ll find that depositing into and withdrawing from your casino account works a little differently to any other method you might be used to. I’ll go through the basics here, but note that you might spot slight differences from one casino to another.
Depositing Ethereum into your casino account
Here’s what you should do:
- Sign into your casino account
- Go to the cashier or payments area
- Choose the deposit option
- Choose ETH
- Copy the wallet address
- Go to your own crypto wallet
- Choose send
- Paste in the wallet address of the casino
- Enter your deposit amount
- Check all details and confirm the transaction
Make sure you hit the minimum deposit requirement if there is one. I’ve noticed the amounts vary widely from one cryptocurrency to another, so check the relevant amount for Ethereum before you start.
Withdrawing Ethereum from your casino account
You should find you need to complete the Know Your Customer (KYC) verification steps at the casino before you can withdraw your funds. Once you’ve verified your ID and address, follow these steps:
- Go to the cashier or payments area
- Choose withdrawal via Ethereum
- Select the network your wallet is connected to
- Copy your wallet address into the space provided at the casino
- Double check all details
- Confirm the transaction
Note whether your selected casino has a minimum withdrawal amount before you start. Most do, but it can vary according to the site you’re on and the current value of Ethereum. While ETH transactions are fast, you may still need to wait for the casino to process your withdrawal request.
The best Ethereum casino websites to check out
Plenty of Ethereum sites also rank among the leading Bitcoin casinos online today, since they offer both crypto options. If you’re keen on depositing via ETH though, you can certainly do so at all five of the following recommendations I’ve got for you here.
Stake.com: exclusive slots available
Review the banners on this page to find relevant signup bonuses for Stake.com in your region. As an example, some players may receive a 200% deposit bonus with a maximum bonus value of $2,000 with the code . The banners here will confirm whether that applies to you.
One of the highlights at Stake.com is the inclusion of exclusive slots such as Wanted Salvation and Ham Busters. I also found a series of Stake Originals to play, providing popular games including Chicken, Crash, and Plinko. You can also check out a series of Enhanced RTP games, with return-to-player values of up to 98% on The Dog Mansion Megaways and Sweet Fiesta 1000 among others.
Gamdom: leading crypto casino
Gamdom: Pros and Cons
- 8,500 games by over 60 providers
- Instant or near-instant crypto withdrawals
- Option to bet on sports, esports, and racing
- A unique Slots Arena for slot battles
- 10+ Originals with 100% RTPs
- No native Gamdom app
- No phone support
Gamdom is loved by many players looking for Ethereum-friendly casinos with everything from original games to live dealer options to play. I certainly noticed the range of original titles offering 100% RTP, including Twist, Plinko, and Keno.
I liked having access to lots of demo games to try too, with Gamdom allowing me to test these titles before playing anything for real. I’d also recommend checking out the new and top game categories, so you can see what’s new since your last visit - and which titles other players are trying just now. You can also access a guide discussing the Provably Fair aspect of the games.
MetaWin: look out for MetaWin Originals
Metawin: Pros and Cons
- Over 4,500 casino games by 45 providers
- Good selection of slots with RTPs of over 98%
- Anjouan license & full data protection
- Plenty of casino and sports promotions
- MetaMax rewards program
- Only cryptocurrency withdrawals are possible
- No native mobile apps
Packs, Cases, and Bars - just three of the MetaWin Originals available at this well-known crypto casino. You’ll also find a selection of Gladiator Games on the site; I discovered they’re in-house creations, so look out for the Gladiator label whenever you can to try something new and unusual.
If you like playing at casinos with games from multiple sources, you can tick this box at MetaWin. Spot titles from BGaming, Quickspin, and Yggdrasil among many more. After that, you can go through the many categories for games in their lobby, where you’ll find everything from slots to fishing-based games. It’s one of the more versatile game collections I’ve seen at the top ETH casinos online today.
Rollbit: plenty of game categories
Rollbit: Pros and Cons
- Daily events on Discord
- 24/7 customer support
- Engaging social features
- No welcome bonus
Slots, game shows, live dealer titles, blackjack, and roulette - you can try all those alongside some Rollbit Originals at this casino. They’ve got over 4,000 games to date, including Rollbot Bonanza, Roller Coaster, and X Flip among their originals.
Expect to find plenty of famous slots to try too, such as Sweet Bonanza, Wanted Dead or a Wild, and Gates of Olympus. I was also pleased to see titles coming in from Betsoft, Microgaming, and GameArt among many more. They cater to plenty of casino players, so you’ll find lots of options to play no matter what you fancy trying.
Shuffle: view their Shuffle Picks
Shuffle: Pros and Cons
- Enormous collection of 5,000 casino games
- Competitive betting odds on over 35 sports
- Impressive signup bonus worth up to $1,000
- Somewhat thin selection of regular promos
If you’ve ever wondered where to start when visiting a crypto casino, you’ll be grateful to see the Shuffle Picks category. I found plenty of entertaining slots in there, with Razor Returns from Push Gaming ranking as one of my new favorites. I also spotted an exclusive game called Frog’s Spell.
Aside from that category, you’ll see the usual slots area. Note the search box where you can enter titles and keywords to see what you can find. You can also access the dropdown providers list to choose a name and see their back catalog, while also checking how many titles you can play from each developer.
Don’t miss these Ethereum verification requirements
Cryptocurrencies are private, secure, and independent of banks, so you won’t need to verify your identity when making payments with ETH. That being said, you will likely still need to verify your ID when you join a reputable online casino.
Typically, you’ll have three things to do:
- Provide a valid photo ID
- Provide a recent proof of address (utility bill or bank statement)
- Provide a selfie
This ensures the casino can confirm who you are and that you live somewhere they welcome members from.
Going back through the history of Ethereum
Would you believe a 19-year-old man first came up with the idea that would lead to the creation of Ethereum and its crypto token, Ether? Vitalin Buterin is that guy, and he officially launched Ethereum in July 2015.
Unlike some other cryptocurrencies, Ether has no maximum supply. This means there is no limit to the amount of Ether that can be produced, although there are caveats to that. Notably, you’ll pay a base fee whenever you make a transaction, and that fee is destroyed. Therefore, if there are more transactions taking place than the ETH being mined and added to the network, there will be a reduced availability of Ether.
Ethereum’s format was created to allow people to create decentralized applications as well, known as dApps - another feature that separates it from other crypto options.
How does Ethereum stack up against other payment providers?
That’s a big question, but it’s one you should ask yourself before using ETH anywhere, or indeed wondering which of Duelbits cryptocurrencies you might want to use. I’ve created some comparisons here, covering most of the main payment methods you might see at an online casino.
đź’° Other cryptocurrencies
As the second most popular crypto option in terms of market cap, Ethereum is recognized by most people - even those who have yet to buy any cryptocurrency. That gives it an edge over other less well-known crypto options.
đź’ł Credit or debit cards
Crypto is highly secure, whereas your card details can potentially be accessed by a third party. Some casinos don’t accept credit cards either. Furthermore, Ethereum tends to be available for deposits and withdrawals. Conversely, you can sometimes only deposit via card - you can’t always withdraw via the same method.
🤑 E-wallets
Some e-wallets charge fees for each transaction. While you may also incur fees for ETH transactions, they can often be lower than those you’d get from using an e-wallet.
Another potential problem occurs when different casinos welcome different e-wallets. This can mean you’d need two or three e-wallets to manage your transactions. Conversely, crypto casinos regularly welcome Ethereum among other options.
🏦 Bank transfers
Some casinos don’t provide them, while others only accept them for withdrawals. They can also take time to process, whereas Ethereum regularly pops up at crypto casinos and involves almost instant transactions.
Three facts you should know about using Ethereum
We’ve pulled up a few fascinating facts connected to Ethereum that you might be interested to know:
- Decentralized network with no owner
- Market cap puts it directly behind Bitcoin
- Ethereum is the system - Ether is the cryptocurrency
Ethereum is one of the most popular crypto options
I’ve found many advantages to playing at crypto casinos. Firstly, there are lots to choose from, and secondly, the blockchain format means I can play Provably Fair games there, often trying some titles that are unique to each casino, too.
You can visit each of the five suggested crypto casinos here using the links I’ve provided you with. Note that while many sites are available in lots of countries, you should always check availability in your part of the world before you attempt to sign up with an individual casino that welcomes Ethereum. Whether you’re familiar with ETH already or you’re about to get your first crypto wallet, you’ll find many crypto casinos welcome this among other cryptocurrencies in use today.
Don't overlook these standout igaming crypto casino bonuses
Ethereum casinos FAQs
đź’° Can you use Ethereum for deposits and withdrawals at an online casino?
Yes, you should find that if a casino accepts Ethereum as a banking method, you can use it for both types of transactions. You can confirm this before you sign up at a casino by checking their available payment methods.
đź’ł Do casinos charge fees for processing Ethereum payments?
You’ll often find that casinos do not charge any processing fees, but you will pay the regular network gas fee for each transaction you make. You can check the fee situation at the casino prior to signup, just to be sure.
🏆 What are the best Ethereum casinos available today?
The answer will depend on where you live and which casinos you can use in your region. However, we have found several leading casinos that have become popular, including Stake.com, Gamdom, and Rollbit.
