Best Ethereum Gambling Sites for 2023
Amit S., Heera S., Charles P., Sarah O., Thomas P., Jop N..
The fresh look of Stake.com combined with a huge variety of proprietary games and cryptographic security is what makes this Ethereum gambling site worth your while.
When compared to the traditional means of conducting business in online casinos, Ethereum is an alternative that is not only more expedient but also more cost-effective. Obviously, gambling companies are rapidly adopting cryptocurrencies to facilitate smoother, faster, and simpler transactions for themselves and their valued consumers. Nevertheless, despite the fact that more Ethereum gambling sites are joining the crowd, a select few are already doing an excellent job of making their platforms increasingly crypto-friendly.
The team behind the leading Ethereum Casino Education website is comprised of both industry veterans and new enthusiasts in the crypto & igaming world. Some have been involved since 2014!
Look no further
5 Best Ethereum Gambling Sites
Tons of Promotions & Giveaways
Up to 360% Deposit Bonus
100% Welcome Bonus up to 5BTC
5 BTC (or $500) + 180 Free Spins
250% First Deposit Bonus
1. Stake Casino
Stake.com is an online casino that specializes exclusively in crypto deposits. The fresh look combined with a variety of proprietary games and cryptographic security is what makes Stake.com worth your while.
Unlike traditional fiat casinos, whereby the registration process is highly stringent, the Stake.com model is completely different. New users simply create a username upon visiting the site, and the player has instant access to all of the games on offer. In line with the anonymous side of cryptocurrency, players can create a new account every time they visit. This will appeal enormously to those located in jurisdictions where online gambling is prohibited, as the platform is accessible by anyone, even US citizens.
To ensure that Stake.com justify their claims of being a transparent casino, each and every gaming outcome can be independently verified by provably fair technology. This allows Stake.com to prove to its players that the outcome of each game is out of their control, and cannot be manipulated internally in any manner.
Tons of Promotions & Giveaways
2. BitStarz Casino
If you’re looking for a super solid casino that offers a great variety of casino games AND accepts Bitcoin, you might have found it in Bitstarz. BitStarz ticks most boxes in terms of the fundamental features that players often look for in an online casino. Moreover, a significant variety of gambling products for players to choose from is an added benefit. Finally, by offering a highly competitive sign-up bonus, new players have that extra incentive to try BitStarz out for themselves.
According to the BitStarz team, their online platform offers more than 3000 (!) different games, with slots making up the majority of this number. However, BitStarz is not limited to just slot products, as the platform also offers a variety of traditional table games such as Blackjack and Roulette, as well as Jackpots. Even more beneficially for those who enjoy a casino experience as close to the real thing as possible, there are also live table dealers available.
One of the most important aspects to any online casino is that they can offer players the required assurances that the games they supply are true and fair. By implementing Provably Fair technology within their platform, each independent gaming outcome can be independently verified by the player. BitStarz security protocols are further amplified by the introduction of SSL encryption, which ensures that all sensitive cusomter data is protected by a secure socket between the web server and browser.
To entice new customers to the BitStarz platform, the operator offers various promotional and bonus packages in return for opening an account. This includes a remarkable 1 BTC matched bonus and 180 free spins on its Boomanji, Fruit Zen or Wolf Gold slot games. However, to make sure that players remain on the platform long-term, BitStarz also offers additional bonuses on the following three deposits.
5 BTC (or $500) + 180 Free Spins
Let's start from the beginning
An Intro to Ethereum Gambling Sites
Online gambling has been around since the late 1990’s, correlating directly with the consumer growth of personal computers and the world-wide-web. On the contrary crypto-casinos are still a relatively new phenomenon so awareness is still in its infancy. However there has been no hindrance of market growth, with more and more Ethereum gambling sites setting up shop focusing exclusively in cryptocurrency deposits.
How the Cryptocurrency Casino Phenomenon Started
As one would expect, Bitcoin was first past the post in this respect, with the legendary SatoshiDice the original online BTC casino. Nevertheless, the many benefits of the Ethereum blockchain and its Ether coin are now seeing a wave of Ethereum casinos too. This guide will begin by discussing the fundamental differences between Bitcoin and Ethereum, followed by a discussion on some of the leading Ethereum betting operators. By the end of it, you should have a good idea of why casinos are now starting to prefer ETH over its BTC counterpart.
Bitcoin vs Ethereum Gambling Sites
Bitcoin is the original cryptocurrency, created by Satoshi Nakamoto in 2009. Its underlying blockchain technology is revolutionary, insofar as it became the first ever decentralized, peer-to-peer payment network to rely solely on the art of cryptography. It also became the first of its kind to solve the ongoing issue of double-spending.
It wasn’t until six years later in 2015 when Vitalik Buterin – A Russian-Canadian programmer, created a whole new concept for the world of the blockchain protocol. Unlike its younger Bitcoin brother, Ethereum has the ability to facilitate the movement of data far beyond just financial transactions. This is because the platform allows users to create and enter in to smart contracts.
In a nutshell, a smart contract allows two or more people to enter in an agreement, based upon pre-defined conditions. The entire transactional process is autonomous, meaning that no third-party intermediary is required to verify or authenticate an agreement. Instead, once the pre-defined conditions have been met, the network is able to automatically release the funds, which it does so in the form of Ether.
Interestingly, the concept of smart contract technology fits perfectly with the ongoing transition of the online gambling industry. This is because gaming outcomes no longer need an independent judicator, as a bet can be settled automatically.
There are also some key differences between how the two blockchains perform against one another. First and foremost, Bitcoin transactions are significantly slower than Ethereum, with it taking an average of 10 minutes for the system to confirm a transaction. On the contrary, Ether can take just 30 seconds wallet-to-wallet, which is an ideal payment channel for Ethereum casino operators. However, it is important to note that Bitcoin transactions are still substantially quicker that the three-to-five working day average it takes for traditional gambling operators to finalize a withdrawal request back to a debit/credit card.
When it comes to fees, Ethereum is also leading the way as the blockchain is able to process a movement of funds slightly cheaper than Bitcoin. However, it must be noted that in comparison to traditional banking and credit card fees, both blockchains are still significantly cheaper.
The First Ethereum Gambling Sites
As time passes and technology advances, traditional casinos are being replaced by their digital counterparts, such as Ethereum gambling sites, and money itself is following suit. With the advent of the blockchain, there has been a huge revolution not only in the business but also in the technology of online casinos. Numerous casinos with the highest RTP rates support cryptocurrency, which improves the situation. Payments made in cryptocurrencies are becoming increasingly commonplace all around the world, including in developed countries like Canada.
Ultimately, it is quick, practical, and, most crucially, secure. The use of cryptocurrencies in online gambling businesses is a relatively recent development, but not many people are aware of it. Over the past several years, there has been a noticeable shift toward using blockchain technology in the online gaming industry. Bitcoin was the first blockchain-based currency approved by casinos in May of 2012, and its acceptance paved the way for this expansion.
This was swiftly followed by the emergence of other well-known cryptocurrencies, including Ethereum as well as Ripple (XRP). In addition to cryptocurrencies, non-fungible tokens (NFTs) are an innovative concept spawned by the blockchain revolution. There are numerous new and intriguing features for gambling websites, such as larger rewards.
Greater rewards are available to cryptocurrency users in the gambling sector in 2022. Transactions conducted with virtual currency do not require the participation of any third parties. You will not encounter any delays or roadblocks when making a deposit into the wallet of the casino website. Additionally, casinos might provide crypto users with their own unique promotional offers.
Differences Between Ethereum and Bitcoin Casinos
The current frenzy surrounding Bitcoin, Ethereum, cryptocurrencies, and blockchain technology is comparable to the dot-com bubble of the 1990s. Some of the largest crypto-currencies have trade volumes and market capitalizations that exceed those of the world’s largest enterprises. Despite the fact that the majority of the population may be able to answer, “Yeah, I’ve heard of Bitcoin,” a substantial percentage of individuals are still unclear about what it is and are far more perplexed about Ethereum.
Bitcoin can be defined most simply as a “digital dollar.” That’s essentially it, minus the official rules associated with a financial institution (which is what makes it such a disruptive concept). It is not a technological advancement. It is not a business. It is your money, stored digitally. Some individuals purchase Bitcoin in order to store their funds outside of a bank. Some acquire Bitcoin as an investment, anticipating that its price would be much higher a few months or years from now.
And some individuals purchase Bitcoin as a method of investing in firms that raise capital through an ICO, as equity in these businesses cannot be acquired with conventional currency. Tokens can only be purchased using Bitcoin or Ether, the Ethereum-based cryptocurrency.
On the other hand, Ethereum is just another cryptocurrency, and many people believe it has the ability to surpass Bitcoin as the prominent market coin. Ethereum is distinguished by its technology, not by the fact that it is just yet another cryptocurrency. Similar to Bitcoin, Ethereum’s currency value is referred to as “Ether,” and traders use it to purchase ICO possibilities.
In addition, Bitcoin is nothing other than a currency, while Ethereum is a distributed ledger platform that firms use to develop new applications. Both Bitcoin and Ethereum utilize “blockchain” technology, but Ethereum’s is significantly more robust. If Bitcoin was version 1.0, Ethereum is version 2.0, enabling the development of decentralized apps. In brief, it is excellent for innovation.
Key Benefits Of Ethereum Gambling
Gambling on Ethereum in 2022 has various advantages over typical Bitcoin gambling sites, notably faster transactions, fewer costs, and the potential to employ smart contracts to assure fairness and equality. For example, if you play ETH slot games, you may have a safer and more reliable gambling experience while also receiving instant awards in the form of ETH. These rewards can be cashed out or sent directly to your wallet.
Nowadays, players have a wide variety of alternatives available to them when it comes to engaging in gambling activities via the internet. However, not all online casinos are made equal. Ethereum gambling sites offer a number of benefits that make them the superior option for many gamblers. ETH transactions are normally considerably quicker than Bitcoin transactions, and ETH transaction fees are frequently lower than Bitcoin transaction costs. Moreover, Ethereum gambling casinos can employ smart contracts to assure fair play.
This implies that gamers at Ethereum casinos may enjoy a safer and more comfortable gaming experience while collecting ETH prizes. Ethereum gambling can potentially provide a broader selection of games and betting choices than their Bitcoin counterparts. This is due to the fact that Ethereum’s smart contracts enable developers to design games with a greater level of sophistication. On an Ethereum-based gambling website, you may encounter games with rewards, provably fair gaming, and perhaps even forecasting markets.
The Current Developments (PoS, Adoption, Legal Status)
Ethereum (ETH) is at the center of attention as worldwide cryptocurrency adoption gains momentum. Market participants, developers, and fans consider it to be a lucrative altcoin with practical applications. Today, the Ethereum ecosystem is expanding rapidly, with thousands of applications powered by smart contracts and serving as a means of value transfer.
Ethereum is compatible with Decentralized applications (dApps), DeFi, NFTs, and the Metaverse. These use cases have transformed Ethereum into more than just a digital currency. On the blockchain, thousands of real-world apps have been created, and new ones have been established, disrupting several sectors, particularly finance. As a result of its extensive capabilities, adoption is expanding every day.
In addition to rising adoption, Ethereum will adopt Proof-of-Stake (PoS) as its consensus method following The Merge. Ethereum is transitioning from Proof-of-Work (PoW) to proof-of-stake because proof-of-stake is more secure, requires less energy, and facilitates the implementation of new scaling methods. It has always been the intention to move to proof-of-stake, but it is more difficult than proof-of-work, and it has taken years of research to refine the mechanism. The current obstacle is implementing proof-of-stake on the Ethereum Mainnet. This procedure is known as “The Merge.” According to current predictions, the Merge is likely to occur in the third quarter of 2022.
Seeing the rising adoption and growth of Ethereum, if you intend to buy, sell, or spend Ethereum (ETH), you should first determine whether or not the cryptocurrency is legal in your jurisdiction. Different nations have diverse perspectives on cryptocurrencies and their policies. While certain countries’ laws are exclusive to Bitcoin, it is uncommon for a country to have enacted a new set of regulations for the Ethereum network and its native fuel, Ether. In most circumstances, it basically comes within general cryptocurrency rules. Considered as a whole, the most crypto-friendly nations that accept cryptocurrencies and where Ethereum is legal are:
- The Netherlands
- United Kingdom
- Hong Kong
The cryptocurrency casino industry has become increasingly competitive over the past few years, leading to the emergence of a multitude of gambling platforms that focus solely on accepting cryptocurrency deposits and withdrawals. As the second-largest cryptocurrency by market capitalization, it should come as no surprise that the popularity of Ethereum gambling sites is now on the upswing. This includes not only typical casino games like blackjack, roulette, and slot machines but also full-fledged sports betting facilities.