ETH casinos are an exciting way to place real money bets on video slots, table games, and live casino dealer tables as well as game shows. As it is the world’s second most popular crypto, software providers include ETH in their casino games’ list of currencies accepted alongside fiat currencies and other cryptos.
That means you can get spinning on the reels of some of the most popular video slots like Book of Dead by Play’n GO and the EGR Operators ‘Game of the Year’ Gates of Olympus by Pragmatic Play. Plus, ETH casinos also host live casino tables like blackjack, roulette, or baccarat from the world’s top live dealer game developers like Evolution and Pragmatic Play Live. You even have a flutter on live game shows like Monopoly Live, Sweet Bonanza CandyLand, Crazy Time, and Deal or No Deal – all highly in-demand games.
That’s not all. ETH casinos offer more attractive benefits surrounding crypto gaming. Smart contracts, fast transactions with low fees and deposit/withdrawal limits, anonymity, the ability to verify game results via the Provably Fair algorithm, and much more!
Let’s check out some of the key reasons why you should an ETH Casino…
Fast Transactions
One of the key reasons players prefer Ethereum is because it is one of the fastest crypto-based deposit and withdrawal options. Compared to BTC, you don’t have to wait long for your crypto wallet to show the funds. Usually, around 15 seconds.
Sometimes ETH can take slightly more than 15 seconds, which depends on network congestion and the gas fees paid for the transaction. However, it can take up to 10 minutes for a BTC transaction to process through its ecosystem making ETH a better option if the network speed is a concern.
The reason is Ethereum’s faster block times:
- Ethereum has an average block time of around 15 seconds
- Bitcoin has an average block time of around 10 minutes
Low Blockchain Transaction Fees
Every crypto transaction comes with a small fee. On the ETH network, a fee for every transaction incentivizes validators who are responsible for securing the network and verifying transactions. This is part of the new ETH 2.0 system, which uses Proof of Stake (PoS). This is cheaper and more energy efficient compared to the Proof of Work, which used miners. Yes, gone are the days of miners in the Ethereum ecosystem.
Even before the upgrade, compared to BTC and other cryptos, ETH had lower transaction fees, and now they are slightly lower. With almost all cryptos these fees are generally unnoticeable because they are so low. However, some players still prefer to use Ethereum because every penny counts! Additionally, the faster block times allow for quicker processing of transactions resulting in lower fees.
Now let’s do the equation: (Faster transaction times + lower fees) = it is easy to see why ETH casino gameplay has become so alluring for the masses.
Low Minimum Deposits & High Max Cash Out Limits
With all this speed and efficiency, you also get affordable deposit limits, while high rollers as well as big winners benefit from high withdrawal limits.
Budget Deposits
Most ETH casinos will only require a minimum deposit of 0.010 ETH. Depending on the value of ETH at the time you deposit, this would usually be anywhere between 10 USD to 20 USD. Compared to fiat currency casinos, this is about the same.
High Rollers & Big Winners
ETH casinos trump fiat currency casinos when it comes to those who enjoy playing high-stakes games. Also, the same applies to those hitting the big time with a monstrous win. In both cases, being able to withdraw large sums from the casino is a major selling point.
Most ETH casinos will allow you to withdraw up to 100 ETH. That’s 150,000+ USD in one sitting. In comparison, most fiat currency casinos average around 30,000 to 50,000 USD max withdrawals making ETH a choice crypto for high rollers.
And if you are a high roller betting large sums of cash on high-stakes live dealer tables or high spin bets on slots, you’ll build up VIP points giving you higher min-max withdrawals.
Seamless Transaction Processing
If you are new to crypto, then it is understandable that creating an Ethereum transaction may seem foreign or daunting at first. However, as with anything, once you get into the habit of making deposits and withdrawals using crypto, the process becomes second nature. What’s more, it really isn’t that complicated at all once you know how.
Here’s a 2-step process for those of you considering the switch to an ETH casino:
Step 1: Open a crypto wallet (if you don’t already have one)
- Open a crypto wallet with a reputable provider
- Make a debit/card payment (some also offer eWallet payments)
- You now have a crypto balance
Step 2: Making an ETH casino deposit
- Sign up or log in to an Ethereum Casino
- Head over to ‘deposits’ or ‘cashier’ and select Ethereum (ETH)
- Here there will be a QR code (recommended) and/or wallet address created uniquely for your casino account. This means all deposits will head into your casino account balance.
- Open your crypto wallet and select ‘Make Payment’
- Scan the casino’s QR code from within your crypto wallet ‘or’ enter the ETH wallet address provided via your casino account
- Enter the amount of ETH you would like to deposit
- Wait 15 to 60 seconds for the ETH to arrive in your casino account
To make a withdrawal from the casino to your ETH wallet, you can simply follow the same processes in step 2 above in reverse. Another tip we highly recommend is to always use 2FA and QR codes where possible when logging onto your casino or crypto wallet.
Anonymous Payments & Withdrawals
If you use a hardware wallet or MetaMask, these are non-custodial wallets, and therefore there are no KYC checks because you are in control of the private key and storage method. However, most ETH casinos will require you to pass a KYC check at some point, which for all crypto users does take away some anonymity. Plus, if you use a custodial wallet like Coinbase, then you will need to pass a KYC check too.
So where does the proclaimed ETH anonymity come from?
- Casino-related transactions do not show up on bank statements
- Deposits/withdrawals to and from your crypto wallet do not show a company name and only an address making the transaction anonymous
- You do not need to provide the casino with any bank or card details
- The anonymity also benefits people in countries where you cannot transact with online casinos using traditional forms of payment like debit/credit cards or e-wallets
Encrypted ETH Smart Contract Processing
Ethereum’s use of smart contracts adds trust and security to transactions. This process uses AES-256 encryption and Elliptic Curve Cryptography for encryption meaning your private keys are safe from cybercriminals while transaction over the blockchain ecosystem.
Here’s the process used:
- A smart contract opens on the crypto blockchain ecosystem
- The amount of the transaction is stored in the smart contract
- The smart contract notifies the destination wallet
- The destination wallet then receives and acknowledges
If you use a hardware wallet, this will also have tamper-resistant chips built-in. Also known as the secure elements, this provides you with additional security that prevents cybercriminals from stealing or tampering with your wallet’s private keys.
Provably Fair Algorithm (Verify Results)
Another key reason an increasing number of players are switching to ETH casinos is because of the ability to manually record the outcome of every session played. Some players do not trust RNGs (Random Number Generators), or they simply don’t like the idea of relying on a third-party testing company to verify RNGs.
The high-reputable alternative to RNGs is the ‘Provably Fair’ algorithm, which all cryptocurrency games use including those taking Ethereum bets. Whether you play ETH video slots, virtual tables, or any other virtual casino games, thanks to the ‘Provably Fair’ mechanism, you get to verify the results during your session were random, correct, and fair.
How does this work?
- You open a casino game session which creates a ‘server seed’
- The ecosystem encrypts this seed and sends a ‘client seed’ to your session
- The game will use the ‘server seed’ and your ‘client seed’ to produce a new number, which determines the outcome of the round, spin, dice roll, and so on
- The blockchain ecosystem sores these results in an encrypted tamper-proof smart contract
- After your session, you will see the results along with the ‘server seed’ and the ‘client seed’, allowing you to verify the result was fair and according to the predetermined outcomes
Software Providers and Casino Games at Ethereum Casinos
With the growing list of online casino gaming developers now offering ETH casino games. mBitcasino is a great example because most iGaming software providers hosted in the crypto casino’s lobbies accept ETH bets giving you thousands of ETH casino games to choose from.
ETH Online Slot Developers
Belatra, Betsoft, BGaming, Booming, Endorphina, Evoplay Entertainment, Ezugi, GameArt, Habanero, KA Gaming, Lucky, Mascot, MrSlotty, Nolimit, Onlyplay, Platipus, Pragmatic Play, Spinomenal, Spribe, TrueLab, Wazda, and Zilion have all built-in ETH into their video slots, while some of these developers also offer virtual tables, arcade games, and instant win scratch games.
Thanks to so many software providers building Ethereum bets into their games, ETH casinos offer a huge range of online slots. Choose to sail the seas and pillage with pirates, dive deep into underwater worlds, or head to Las Vegas with Elvis Frog and spin the reels for jackpot wins.
We already mentioned Pragmatic Play’s Gates of Olympus as an EGR Operators award winner. Also, the same game won a Gaming Intelligence Latin America award for ‘Game of the Year’. On top of this, more recently, the same game developer won ‘Slot of the Year’ at the Global Gaming Awards.
ETH Live Casino Developers
Evolution, Ezugi, and Pragmatic Play Live are huge advocates of cryptocurrency gaming.
Lightning Roulette and Crazy Time are the two most recognized live dealer games in the industry as they have both picked up awards. Lightning Roulette has won ‘Product Innovation of the Year’ at the Global Gaming Awards G2E Las Vegas, an ‘Innovation in Live Casino’ at the SBC Awards, and ‘Game of the Year’ at the EGR Operators Awards.
Moreover, you have access to games like Free Bets Blackjack giving you free ‘Doubles’ and ‘Splits’. Or increase your chances of landing a win on the roulette tables play ‘Double Ball Roulette. If you are a fan of dice, then try your hand at Live Sic Bo, Lightning Dice, Bac Bo, or Craps. And if you are a baccarat, poker, Andar Bahar, and/or Teen Patti card shark, you also have a diverse array of games at your fingertips!
Ready for your shot at big wins playing at an ETH casino?
As you can see, the world of ETH casinos is just as entertaining as playing with any other currency. And it comes with additional benefits. Ethereum’s unique smart contracts give you a fast-moving crypto that almost instantly credits your casino account when you make deposits. Plus, with the use of blockchain technology, Ethereum provides a user-friendly and cost-effective way to exchange money in online casinos.
Here’s a list of the benefits outlines in this ETH Casino guide:
- An exciting and safe way to place real money bets with some anonymity
- Fast transactions with low fees, affordable deposit limits, and high max cash-out limits
- Faster deposit/withdrawals and lower fees versus Bitcoin
- Smart contracts add additional and encrypted security to your transactions
- Thousands of video slots, table games, and live casino tables accept ETH bets
- Access to top live dealer brands like Evolution and Pragmatic Play Live
- Huge number of video slot providers: Play’n GO, BetSoft, Pragmatic Play
- Use of the Provably Fair algorithm allows you to verify the results of your sessions.
If you’re looking for an exciting, efficient, and safe way to enjoy a diverse selection of online casino games, then an ETH casino like mBitcasino is worth considering. What’s more, if you sign up and make a first deposit, you can claim a welcome bonus offer.
Plus, look out for slot races and leaderboard tournaments from software providers offering guaranteed prize pools if you spin in enough points to make it to a money spot!
