How to choose a good Ethereum Casino
Now that bitcoin and its alt-coin alternatives are gaining wide-spread media attention, the traditional ways in which society views money is changing. Blockchain technology has motivated a variety of industries to find new, innovative ways to improve their business models – with casinos at the forefront of this revolution. As a result of Ethereum’s protocol superiority, new online casinos choosing to accept ETH as its primary payment method is increasing daily. However, with consumers now having so many online casinos to choose from, how do players know which one to pick? This brief article will demonstrate some of the key features that you should be looking out for when choosing a new Ethereum casino.
Sign up bonuses
Where better to start than free bonus funds to gamble with? As seen in the traditional fiat online casino industry, competition is fierce. Subsequently, as a way of enticing new players to choose their platform over other providers, casinos will often offer a player bonus credits in return for creating an account. Although less common, Ethereum casinos are not immune from this promotional ploy. Bonuses will vary depending on the operator, and can include a matched deposit bonus or free gameplay credits.
For example, the promotion might stipulate that if a player deposits 1 ETH, then the casino will match that deposit with an additional 1 ETH. Alternatively, the casino may offer a certain number of free spins. Nevertheless, these types of offers are a great way for players to get a feel for the platform prior to making a long term commitment. However, be sure to read the terms and conditions of any promotion that you are considering. There are often unrealistic rollover requirements, which means that you will need to re-stake your free bonus a significant amount of times before you are able to withdrawal your winnings.
Variety of games
If you are a recreational player that enjoys a variety of gameplay options, it is important that you ascertain what gambling products the casino is offering. Some Ethereum casinos specialize exclusively on a certain type of game. For example, Etheroll offers players a simple interface that allows users to gamble on the outcome of a cryptographically generated dice, whilst Ethcombo concentrate on slots. However, if you do not like being tied to one type, there are also casinos such as Fortune Jack that offer a full range of games – including blackjack, roulette and poker.
Potentially one of the most important factors when deciding which Ethereum casino to use is trust. This was something that traditional fiat casinos could never guarantee, as their database servers were privately held in-house. As a result, there were no mechanisms in place for players to verify that the games they were playing were legitimate and fair. On the contrary, Ethereum casinos operate on a distributed blockchain, meaning that each and every transaction is viewable on the public ledger. One of the most commonly used tools installed by casinos to provide players with the guarantees they need is a protocol known as provably fair. This means that the outcome of each independent gameplay is generated by a cryptographically secure random number. The predefined algorithm is immutable, and this can be audited on the public blockchain. When choosing an Ethereum casino, it is imperative that you ensure the outcomes of each game are guaranteed by a provably fair protocol.
For players who want to completely decentralise their gambling experience, there are now online casinos that operate through smart contract technology. Decentralised applications (Dapps) allow players to gamble directly with another user, without the casino ever touching the funds. Essentially, the Dapp acts an independent escrow, whereby once the predefined conditions have been met, the funds are released. For example, a roulette game can operate through smart contract utilisation, whereby the parameters are transparently set prior to the player depositing funds. Furthermore, as Dapps are fully automated, players can have their winnings instantly sent to their external wallet, rather than having to wait for a payments team to manually process it.
In effect, exploring public reviews is the best way to determine the right casino for you. The internet is a great tool for understanding the levels of service that a company can offer, to help make an informed decision prior to making an investment. There are a plethora of independent websites that now display user reviews on a variety of Ethereum casinos. Personal experiences will always vary, especially in an industry where the individual has the potential to lose their funds, however generally speaking reviews in quantity offer a great platform to judge the reliability of a particular operator.
The surge in demand for Ethereum casinos has spurned a plethora of new operators to enter the market. Each platform offers their own features and benefits, as well as certain flaws. It is therefore wise to consider the key points outlined in this article. Notably, ensuring that you choose a casino with provably fair guarantees is crucial – as is spending some time to read user reviews. Once these fundamental requirements have been met, it is then worth considering what is important to you. Whilst some players prefer a large suite of games and a bonus promotion, others opt for a decentralized environment.