Do Ethereum Casinos Offer Bonuses?
The number of Ethereum casinos are growing rapidly as a result of the increasing acceptance and awareness of the Ethereum blockchain. One of the reasons that Ethereum has risen to prominence is its smart contract protocol which is enabled by its computational blockchain. Smart contracts provide players with a revolutionary trustless gambling environment, i.e. one that doesn’t require any oversight from a third-party in order to facilitate the transactions.
Ethereum has also attracted a lot of attention by producing Ether as a main alternative cryptocurrency to Bitcoin. Both Ether and Bitcoin feature similar levels of anonymity and security but the main advantage with Ether is the increased speed of deposits and withdrawals. These faster transaction times, combined with the benefits afforded by smart contract technology have made Ethereum’s blockchain the perfect platform for online casino developers to build their games.
How to gamble with Ether
It is important to note that when you bet with Ether, you can do it in two main ways. The most common way is just to use Ether as an alternative method of payment when you want to make a deposit or a withdrawal. This method is fairly similar as if you wanted to make a deposit in Bitcoin or other FIAT currencies.
The other way that Ethereum is used by online casinos is by employing smart contract protocols on the Ethereum blockchain. At the moment, there are several smart contract casinos which run completely on the Ethereum blockchain. It is expected that the number of smart contract casinos will increase exponentially in the coming years.
Smart contract casinos allow players can send cryptocurrencies directly to a smart contract as opposed to sending it to a casino’s wallet. After the deposit is made, the smart contract starts to generate a random set of results and pays out based upon whether a player has won or lost.
This kind of gambling has several potential upsides, most of all that the casino at no stage is authorized to handle your money. All payouts are made onto the public blockchain and as a result cannot be tampered with. Perhaps most importantly, is that payouts which are almost instantaneous regardless of size of the bet.
Which Ethereum Casinos Are Offering Bonuses?
There a number of casinos in which players can bet and win Ether and that are currently offering promotions. Here is the best of them:
Betcoin has been around since 2014 and has since become one of the most popular casinos in the crypto gambling space. The company has a reputation for delivering exceptional security and has been very transparent as regards the encryption their user’s information.
Like other Ethereum casinos, Betcoin remains unlicensed and unregulated, although it does have a huge amount of traffic and its users seem to be happy with the level of security that is afforded to them. Betcoin features a large variety of games, although it is especially noteworthy for its selection of slot games. The poker room tournaments are renowned for their huge jackpots and the sports betting is one of the best online.
What promotions are available?
Betcoin offers several bonuses depending on the time of year. However, there is always a welcome bonus and additional bonuses when players deposit. Betcoin offers new players a 100% welcome bonus up to 1 BTC and a free ticket into a weekly new depositor freeroll.
Betcoin also offers a 1 BTC first deposit match bonus. If players make a deposit of 1 BTC they will credit players account with a 1 BTC in bonus chips. The match bonus is released by playing real Betcoin ring games and tournaments. The match bonus is released at 15% of the rake and tournament fees generated in Betcoin ring games and tournaments.
For a full list of the various promotions at Betcoin, check out this link.
Since it was established in 2011, 1xBit Casino has been gradually increasing in popularity. It offers a wide selection of table games, slots and is renowned for its 1% house edge on dice game which claims to be the lowest around. It was one of the earliest adopters of Bitcoin in the online casino world and holds a significant amount of credibility with the crypto community.
It is known for its slots section which are split into a number of different categories and come from an impressive set of games developers such as Endorphina, Elk Studios, NextGen Gaming and Betsoft. Players can also pick from a number of casino games such as baccarat, blackjack, poker, roulette, video poker and craps.
What promotions are available?
1xBit offers a number of promotions and an eSports bonus calendar. These bonuses are predominantly aimed at the sports and e-sports betting market, and not so many promotions are provided for players who want stick to casino games. For those people who are actively looking for promotions relating to slot and table games only, might prefer to look elsewhere.
1XBit offers players the chance to earn a 100% bonus of up to one BTC after they make their first deposit. 1XBit also offers players the chance to earn an unlimited cashback bonus after they have made their first deposit. For each bet players make they will receive bonus points that can be used in many website games or can be converted into funds on their main betting account. 1XBit also has an email list which allows players to subscribe to receive e-mail or SMS updates so that they are never out of the loop when it comes to learning about the latest offers.
For a complete list of the promotions currently available at 1XBit, check out this link.
Which Smart Contract Casinos Are Offering Bonuses?
Although still very much in its prototype phase, a quick mention must be made to the leading smart contract casino on the market.
SmartRoulette is an Ethereum-based casino founded in March 2017 and features its own ERC20 token, the RLT. Users who hold these tokens are entitled to a daily dividend of the platform’s profits, in a proportionate share to the amount of their overall token supply.
SmartRoulette is one of the few smart contract casinos to offer bonuses. According to its website, users can take advantage of no deposit bonus in amount of 200 RLT tokens for testing the game. As a first deposit bonus, SmartRoulette gives out up to 50% of the initial deposit.
Have a spin for free, here.