Ethereum Online Casinos

In this article, The author of our portal Milan Rabszski wants to offer some recommendations for a rational game for betting with Ethereum. So, anyone who reads This article will be able to learn more about it:

• what online casinos in South Africa with Ethereum are the best for our effective gambling;
• what is Ethereum and how does it work?;
• how to cover the issue of making deposits on the balance of online casinos in ETH and what we need to do for this;
• advantages and disadvantages of using Ethereum in online casinos as a payment method.

What is Ethereum as a virtual currency in casinos

” Global, digital money " - this is what Ethereum is commonly characterized among its users, but this issue needs to be explained in more detail. During 2013-2014, several Russian, British and American cryptocurrency researchers and developers such as Vitalik Buterin, Charles Hoskinson, Joseph Lubin and Gavin Wood worked on the creation of a decentralized, open blockchain with smart contact features. Initially, Vitalik Buterin did not intend to create a new scripting platform, but was engaged in creating a new scripting language for the development of Bitcoin applications. However, the founders of Bitcoin did not agree to his proposal, which gave rise to a new idea about Ethereum. The Ethereum Blockchain also allows for the creation of a new token based on Ethereum. For example, ERC-20, ERC-223, ERC-721.

For this platform, the Ether cryptocurrency was also created, which at the moment is the second currency after Bitcoin in terms of market capitalization. Now Ethereum is also supported by the Ethereum Foundation, which is primarily interested in the development of eF technology. Ethereum allows you to regulate transaction fees, and there is also the possibility of making a casino deposit using this cryptocurrency, which is worth looking for primarily in those casinos that are considered to be the best cryptocurrencies.

There are several types of Ethereum wallets:

• hardware wallets to store Ether Offline;
• mobile apps to download to your phone;
• e-wallets via computer browser;
• applications for downloading to desktop devices (Windows, MacOS etc.)

You can buy the first Ethereum directly from the e-wallet. The most appreciated points for digging ETH in South Africa are Monolith, HyperPay and BitKeep Wallet, however, on the main page of the Ethereum method you can find another wallet for digging ETH, just select those features that are important to you (high-volume purchases, protection against restrictions, withdrawal to a bank account, etc.). You can also buy ETH directly from exchanges or online wallets such as argent, ImToken, MyCrypto, MyEtherWallet, Squarelink and Trust. At the time of writing, the current price of ETH was $ 4218.05. In South Africa, such points as centralized exchanges and decentralized exchanges (DEX) allow you to buy ETH using traditional currencies or peer-to-peer.

Users who are just starting to use Ethereum are also thinking about digging ETH. Cryptocurrency mining should not be associated with the basic meaning of this lexeme, as it is more about solving $married math problems to verify Ethereum transaction blogs. This is what people who call themselves miners deal with, the occupation of which is very profitable, but not easy. The difficulty lies in such an assumption that the more people resort to the Ethereum network,the more difficult the mathematical problem.

Criteria for choosing the best online casino with ETH

Choosing the best online casino that accepts Ethereum is a very complicated issue due to the fact that not all honest online casinos accept such payments. Research on the functioning of the Ethereum method in online casinos has shown that these are casinos that accept not one cryptocurrency, but a whole range of such currencies. So, this criterion is very important for us, however, you should not focus your attention solely on casinos with a lot of cryptocurrencies, you should also take into account such aspects:

• active gamblers cannot imagine the best online casino without a variety of start bonuses or other promotions for online or live gambling. The most trusted brands from Ethereum try to offer the best conditions for their customers in the form of various gifts;
• the number and types of games are also taken into account, because we make payment precisely for the purpose of playing our favorite entertainment. So, if a casino with Ethereum offers a small number of games or the software of these games does not suit the player, then probably such an online casino will not get our high rating;
• the opinions of real players is precisely this criterion, which should not be ignored. The experience of others becomes part of your experience when it comes to comments from players who have already tried to play at such online casinos, they can share their own stories and observations while playing at such casinos and recommend what is worth doing and what is not;
• when dealing with payments using cryptocurrencies, you should be careful and always have someone on hand to help you in various problem situations that can sometimes happen. So, the functioning of customer service is also an equally important criterion for us;
• fee for currency conversion. You can always find information about this on the main page of the casino (in the general terms and conditions) or ask the casino staff. If you do not find such information and no one can give you an answer, we recommend that you choose another brand also checking this aspect.

These are the most important criteria to consider, however, when creating our ranking, our author Milan Rabszski also paid attention to such issues as registration, login and account verification, what documents should be sent to the casino staff to confirm your identity, whether the mobile version of the casino is available, whether you can download the application for different mobile devices, as well as what the process of making a deposit and withdrawing winnings looks like in general.

Make a deposit at online casinos with Ethereum

One of the most important features of Ethereum is the ability to make transactions to online casinos. However, it is worth remembering that in order to make a deposit using Ethereum, you must already have an activated account in the ETH crypto portfolio and extract virtual Ethereum coins (ETH coin) in your account. We would also like to draw your attention that the Etherem - South African $oty exchange rate may change from time to time. Its value in the market can be increased, and then reduced. Making a deposit to an online casino is done this way:

1. the first step must be to register an Ethereum account on the website or download the software to your device. There you can store your ETH after purchase on the Ether exchange service.
2. next, you should choose the best online casino that accepts payments with Ethereum. The easiest way is to check our list of casinos 2023 with the Ethereum method, as this ranking has been created based on the most important criteria to consider when choosing an online casino.
3. next, we go to the official website of this casino and register on the site or log in if the player's account has already been created.
4. after registration, the next step will be to make a deposit. To top up the balance, go to the payment section (usually this section is called Deposit, cashier, cash or balance) and choose Ethereum among the payment methods offered.
5. a unique web address will appear on the screen, which you can read both the QR code and the line of text under this code. This Code must be scanned or copied.
6. the next step is to log in to your Ethereum wallet and send eTH to the casino using the code we copied earlier. It is this code that you need to paste in the specified field.
7. next, enter the amount you want to send to the casino and press the Send button. Usually all transactions are processed very quickly, it can take you no more than half an hour.

When it comes to currency conversion, we can do it immediately when making a payment. For example, if you have chosen Ethereum as a payment method and entered the amount of 100 EUR or 100 SAN, then before making a transfer, the casino shows at what rate such payment will be counted, as well as how much ETH you then need to transfer to the casino. For example, in one crypto casino from our list, the following exchange rate was set: 1 ETH = 3, 619.5923 EUR. So, if we are going to deposit 100 EUR in this casino through the ether method, then such an amount will be equal to 0.02762577 ETH. However, we want to emphasize once again that the exchange rate changes very often, so the information about the conversion should be checked only on the official website of each casino separately.

Withdrawal of funds from an online casino to a cryptocurrency wallet account

The Ethereum wallet gives you the opportunity not only to deposit Ether currency into the player's account, but also to withdraw the won funds. The principle is very simple and without a doubt very fast. You should deposit your funds, play your favorite online slots, win an amount that exceeds the withdrawal limit, and again choose Ethereum as your preferred method for withdrawing your winnings.

1. in the section with payments, select Ethereum, and then go to the wallet of this method and copy the link to the deposit;
2. this link should be pasted in the specific field on the casino page and enter the amount;
3. all other withdrawal steps depend directly on the casino you have chosen. Follow the instructions until the funds are in your account.

Ethereum casino bonus offers

Some players believe that the casino game consists of 2 parts: the game on different online slot machines and the card game in the live version. Anyway, all these games allow for big wins, the only condition for receiving which is the use of bonuses from the casino. It is the bonuses that allow players to reduce the risk of losing and increase the number of chances to win. As in other online casinos, casinos with Ethereum also offer a large number of different promotions that are worth picking up even at the very start. Usually in the welcome package from the casino with Ethereum there are such offers: free spins, bonuses from partners or discounts. Usually, all these bonuses concern the first deposits using Ethereum. The possibility of receiving free spins can appear very often during the creation of various new promotions from the casino (weekly recharge, game of the week or participation in a tournament). Bonuses can also be offered in the form of crypto coins, which in our case is received as a free cash or cashback bonus. Some casinos may even offer a special bonus to those players who use so-called "crypto payments", however, the appearance of such a bonus depends primarily on the bonus policy of the casino you have chosen. So, before you start betting and depositing, we recommend that you first check the terms and conditions of the casino and information about all offers from the brand.

Collection of commissions for transfers

It is very rare for an online casino to charge a fee for their services, all commissions are mainly related to the method we use during our payments. Each method sets its own rates for fees, so when using the Ethereum method, the situation is as follows:

Summary

During our testing of the Ethereum method,we had the opportunity to check the opinions of players who try and like to place bets using Ethereum. They distinguish such distinctive features of this method:

• anonymous game, thanks to which all user data will not be disclosed to the casino and other external authorities;
• all transactions with Ethereum are very fast compared to other payment methods;
• in cryptocurrencies, the RTP slot rates are very high;
• service fees are not very high;
• there is a chance to receive attractive casino bonuses with Ethereum.

As for the disadvantages of such a casino, according to players, they are not directly related to the Ethereum method itself. As a big minus, players consider the risk of gambling addiction, which is mainly associated with the lack of control over funds. However, in such and other situations (eg, difficulties with making a deposit or the appearance of an error during the transaction) you can always contact the customer service of the brand that you have chosen for your game. All the online casinos we have chosen with Ethereum are very loyal, and the support staff are very responsive and help to solve many problems.