What is an Ethereum casino?
With the rise of cryptocurrency as the most widely used and accepted method of money transfer for online gambling, virtual casinos are rapidly adopting the worlds second largest coinEthereumas not only a standard, but a preferred method of payment. An Ethereum casino is an online gaming platform that accepts the popular altcoin as a method of exchange. These casinos offer the same games as other online casinos, from poker and sports betting to table games to Super Slot Machines. For information on Ethereum itself, check out their site at What is Ethereum?
Most virtual casinos that accept Bitcoin will also accept Ethereum, and virtual gamblers tend to prefer this method over the traditional ones, such as credit cards, bank transfers, echecks, e-wallets, PayPal, Poli, and others. For a list of Ethereum casino reviews, check out this article on the Best Ethereum Betting Sites. The list not only reviews the top Ethereum casinos, but also offers a comparison of welcome bonuses and promotions for using it. BetOnline and Bovada are consistently listed at the top of reviews, and both have been running for over a decade.
How do Ethereum casinos work?
The short answer is, the same way as any other casinos, but they use Ethereum. The main difference with the use of Ethereum is that transaction speed is far quicker, fees are significantly lower, and the exchange itself is far more secure than traditional methods, such as credit cards and bank transfers. Once Bitcoin rose to fame, online casinos began to adopt other cryptos, and Ethereum was the natural next choice for several reasons. It offers the most secure platform, and is the 2nd largest and 2nd most valuable cryptocurrency in the world (trading at just over $2500 today). Its unique method of computing transactions is a major industry innovation.
Ethereum is also a preferred method of exchange on nearly every online gambling site, which leads to bigger welcome bonuses and better promotions, as well as lower transaction fees for both deposit and withdrawal. Most online casinos also allow lowerand higherdeposit limits when using Ethereum (ranging from $20 to as high as $100,000!). Most bank transfer and credit card transaction limits are between $50 minimum and $5,000 maximum, depending on the site.
Ethereum Gambling vs Other Cryptocurrencies
One major advantage to cashing out in Ethereum is that payouts are free, where most casinos charge as high as 7.5% for other methods of transfer. Other than very low fees for third parties and the miners who facilitate the process, there is usually no fee at all for Ethereum transactions.
Compared with Bitcoin, which can take up to 30 minutes per transaction, Ethereum transactions are virtually instantaneous, most often complete in less than 15 seconds. Most other methods can take anywhere between a few minutes and an hour, sometimes even longer, and always have a higher fee than Ethereum. Some fees are charged at a percent rate, so a high-rollers deposit can become pretty pricey for just a quick transaction.
Additionally, Ethereum is attractive because it uses smart contracts where both parties use signatures, locking the transaction into place. So when a bet is placed, it is set in stone. No party has any option to leave before the transaction is complete, as the end of the session will result in an automatic transaction. This helps build trust between users, and also in the online casino itself. Lastly, Ethereum is a volatile but constantly-rising altcoin, so cashing out in Ethereum can provide further value as the price of Ethereum rises. Many gamblers consider this to be a form of investment strategy. These smart contracts are unique to Ethereum.
Will Ethereum Make the Future of Gambling?
Yes. Yes it will. There is no longer any doubt that cryptocurrency is the wave of the future for online gambling, and Ethereumalong with its predecessor Bitcoinhas paved the way. Comprising all the advantages, and few, if any, disadvantages, to online transactions, Ethereum is certain to continue to rise in popularity.
For a multitude of reasons, Ethereum is among the safest, fastest, and most secure ways to transfer money online. Ethereum is completely anonymous and completely decentralized, meaning that banks and governments are not involved, and there is no digital record of the transaction after it closes. The use of blockchain technology renders it among the most user-friendly and cost effective ways to exchange money in online casinos.
The security of smart contracts is attractive to sports bettors, poker players, table gamers, slots players, and the house itself, because it builds an obvious trust among all parties. The transaction cannot be hacked, tracked, or defrauded by any involved party, and players can know they are anonymous to everyone, including even the site itself.
Ethereum is the most decentralized and secure method of exchange, and that is unlikely to change anytime soon. Further, the use of smart contracts allows players to limit the amount they spend, the amount of time they play, and even the number of bets they are allowed to place. Those of us who have ever spent a little too much time or money in an online casino can surely see the advantages such limits might provide.
Key Takeaways
Ethereum offers bigger bonuses and promotions than other methods.
Lower and higher deposit and withdrawal limits for using Ethereum.
Faster transaction speed, lower fees, and completely anonymous.
The safest, most secure, and most user-friendly transaction possible.
Smart contracts make this method attractive, and are exclusive to Ethereum.
Players can limit their time, spending, and number of bets placed.
The use of Ethereumand all cryptocurrencycontinues to gain traction.
The rising price of Ethereum can be a sound investment in and of itself.
See the article here:
Online Gambling: Why you should consider gambling with Ethereum over Bitcoin - Bettors Insider
- Riverside smoke shop raided in suspected gambling and narcotics investigation - The Press-Enterprise - May 13th, 2024 [May 13th, 2024]
- Sports gambling creates a windfall, but raises questions of integrity here are three lessons from historic sports-betting ... - The Conversation... - May 13th, 2024 [May 13th, 2024]
- Casino Hubs: 5 Airports That Serve Major Centers Of The Gambling Sector - Simple Flying - May 13th, 2024 [May 13th, 2024]
- Dear Abby: Dad worries gambling boyfriend will get his hands on money he leaves his daughter - OregonLive - May 13th, 2024 [May 13th, 2024]
- Jayden Daniels, Malik Nabers cancel NFL Rookie of the Year bet - USA TODAY - May 13th, 2024 [May 13th, 2024]
- Louis Ferrari expected to plead guilty in gambling ring case - Democrat & Chronicle - May 13th, 2024 [May 13th, 2024]
- Regulator who ushered in Louisiana gambling expansion resigns, bullish on Shreveport-Bossier - Yahoo Finance - May 13th, 2024 [May 13th, 2024]
- Alabama's push to legalize gambling dies in the state Senate - Montgomery Advertiser - May 13th, 2024 [May 13th, 2024]
- Researchers reveal the double-edged-sword effect of overconfidence on gambling - Medical Xpress - May 13th, 2024 [May 13th, 2024]
- Shohei Ohtani's ex-interpreter agrees to plead guilty in $17M sports gambling scandal - NBC Los Angeles - May 13th, 2024 [May 13th, 2024]
- Gambling Scandal of Ohtani's Ex-Interpreter to Receive TV Series - Tokyo Weekender - May 13th, 2024 [May 13th, 2024]
- The rise of cryptocurrencies in online gambling - The Jerusalem Post - May 13th, 2024 [May 13th, 2024]
- Tennessee collects $7M in sports gambling taxes on $384.2M in wagers in April - The Center Square - May 13th, 2024 [May 13th, 2024]
- Key no vote on Alabama gambling bill suggests looking to next year Alabama Reflector - Alabama Reflector - May 13th, 2024 [May 13th, 2024]
- Effective Messaging Is Needed To Combat Illegal Gambling In US - PlayUSA - May 13th, 2024 [May 13th, 2024]
- Alabama legislative session adjourns with no final vote on gambling bill - Alabama legislative session adjourns with no ... - Focus Gaming News - May 13th, 2024 [May 13th, 2024]
- Transnational Crime and Southeast Asia's Gambling Underworld - World Casino Directory - May 13th, 2024 [May 13th, 2024]
- MLB Betting Predictions 5/13/24 | MLB Gambling Podcast (Ep. 480) - SGPN - May 13th, 2024 [May 13th, 2024]
- How did gambling develop into a major industry in Minnesota? - redlakenationnews.com - May 13th, 2024 [May 13th, 2024]
- Huge increase in young people 'gambling' on mortgages that expire in retirement - Yahoo News UK - May 13th, 2024 [May 13th, 2024]
- Premier League Matchday 37 Midweek (Games In Hand) Betting Picks | The EPL Show (Ep. 385) - SGPN - May 13th, 2024 [May 13th, 2024]
- Best Bet For Monday (May 13th): NBA Predictions - SGPN - May 13th, 2024 [May 13th, 2024]
- Speaker Ledbetter: 'We're going to see probably an expansion of more - 1819 News - May 13th, 2024 [May 13th, 2024]
- Gambling goes down in the Alabama Legislature again; union fight nears end; and more on Alabama Politics This Week! - Yellowhammer News - May 13th, 2024 [May 13th, 2024]
- OPINION: When it comes to illegal gamblers in casinos, dont ask, dont tell - The Nevada Independent - May 13th, 2024 [May 13th, 2024]
- This gambling tech stock might be the safest bet you'll make this year - Stockhouse Publishing - May 13th, 2024 [May 13th, 2024]
- Professional sport commissioners are fighting to preserve league integrity amid gambling scandals - The Conversation - May 13th, 2024 [May 13th, 2024]
- State Sen. Orr: Gambling push 'sucked all the oxygen out' of passing - 1819 News - May 13th, 2024 [May 13th, 2024]
- Art Rooney II gambling his reputation that change will result in Steelers success - Still Curtain - May 13th, 2024 [May 13th, 2024]
- MLB NRFI and YRFI Picks - May 13 - SGPN - May 13th, 2024 [May 13th, 2024]
- Poole Researchers Uncover Tax Costs of Gambling - Poole College of Management - May 11th, 2024 [May 11th, 2024]
- Republican Cheryl Bean says casino gambling is not in the cards for Texas - CBS News - May 11th, 2024 [May 11th, 2024]
- Local lawmakers, citizens react to the end of the Alabama gambling bill - Fox 10 News - May 11th, 2024 [May 11th, 2024]
- MLB commissioner gives update on Shohei Ohtani gambling investigation - USA TODAY - May 11th, 2024 [May 11th, 2024]
- As gambling stalemate continues, former governor has suggestions on how it can succeed next year - wvua23.com - May 11th, 2024 [May 11th, 2024]
- Better Markets Applauds CFTC's Proposed Ban on Election Gambling To Prevent Election Interference and Protect ... - Better Markets - May 11th, 2024 [May 11th, 2024]
- Advocates seeking more revenue for problem gambling in MD will have to wait - Maryland Daily Record - May 11th, 2024 [May 11th, 2024]
- West Virginia breaks state record, rakes in $20.68m of revenue in online gambling - WDTV - May 11th, 2024 [May 11th, 2024]
- New Regulations For Gambling Consumer Protection Are Here! - Latest Casino Bonuses - May 11th, 2024 [May 11th, 2024]
- After gambling standoff, Alabama lawmakers pass $9.3 billion education budget - Alabama Daily News - May 11th, 2024 [May 11th, 2024]
- MLB Betting Predictions 5/11/24 | MLB Gambling Podcast (Ep. 479) - SGPN - May 11th, 2024 [May 11th, 2024]
- Best Bet For Saturday (May 11th): UFC St. Louis Predictions - SGPN - May 11th, 2024 [May 11th, 2024]
- Governor Ivey will not call special session to readdress failed gambling bill - WIAT - CBS42.com - May 11th, 2024 [May 11th, 2024]
- Internet gambling industry expected to grow - WDTV - May 11th, 2024 [May 11th, 2024]
- Gambling constitutional amendment dies with the Senate declining to - 1819 News - May 11th, 2024 [May 11th, 2024]
- Betting on the US market; the IT infrastructure of gambling - DatacenterDynamics - May 11th, 2024 [May 11th, 2024]
- MLB's Shohei Ohtani, Interpreter's Gambling Scandal to Be Featured in New TV Series - Bleacher Report - May 11th, 2024 [May 11th, 2024]
- Alabama voters are tired of waiting for Godot gambling bill - AL.com - May 11th, 2024 [May 11th, 2024]
- MGM National Harbor gambling revenue down 10% - WTOP - May 11th, 2024 [May 11th, 2024]
- RIP GAMBLING 2024: House closes session by approving the education - 1819 News - May 11th, 2024 [May 11th, 2024]
- The End: The Money Picture Changes with Legalized Gambling - Gobbler Country - May 11th, 2024 [May 11th, 2024]
- Real Housewives Of Orange County Castmember Ryan Boyajian Reportedly Caught Up In $16M Theft And Gambling Scandal Surrounding Shohei Ohtanis Former... - May 11th, 2024 [May 11th, 2024]
- Gambling Safely: The Importance of Choosing the Righ... - HighstakesDB - May 11th, 2024 [May 11th, 2024]
- Shohei Ohtani's former interpreter, Ippei Mizuhara, agrees to plead guilty to 2 charges in gambling scandal - Yahoo Sports - May 11th, 2024 [May 11th, 2024]
- Charitable gambling to start at Hoops Brewing, will support the Duluth Curling Club - WDIO - May 11th, 2024 [May 11th, 2024]
- TV series about Ohtani ex-interpreter gambling scandal in works - The Athletic - May 11th, 2024 [May 11th, 2024]
- Sports Is Betting It All On Gambling - Defector - May 11th, 2024 [May 11th, 2024]
- MLB NRFI and YRFI Picks - May 11 - SGPN - May 11th, 2024 [May 11th, 2024]
- TV Series About Shohei Ohtani Interpreter's Gambling Scandal in Development - Sports Illustrated - May 11th, 2024 [May 11th, 2024]
- Why would I do that? Alabama Gov. Kay Ivey says special session on lottery, gambling unlikely - AL.com - May 11th, 2024 [May 11th, 2024]
- Sports betting and gambling addiction are on the rise - Dakota News Now - February 11th, 2024 [February 11th, 2024]
- Proposed Alabama gambling legislation includes lottery, casinos, sports betting - AL.com - February 11th, 2024 [February 11th, 2024]
- Super Bowl betting soars, but it's still not legal in Chiefs and 49ers home states - NPR - February 11th, 2024 [February 11th, 2024]
- Problem gambling has increased in Ohio since sports betting legalized - Hamilton Journal News - February 11th, 2024 [February 11th, 2024]
- Sports betting and gambling addiction are on the rise - KTIV Siouxland's News Channel - February 11th, 2024 [February 11th, 2024]
- Sports bets during the big game could trigger gambling addictions - 25 News Now - February 11th, 2024 [February 11th, 2024]
- Illegal gambling raid at El Patron leads to 1 arrest and 23 citations - KRIS 6 News Corpus Christi - February 11th, 2024 [February 11th, 2024]
- Experts discuss responsible gambling ahead of the Super Bowl - Spectrum News 1 - February 11th, 2024 [February 11th, 2024]
- Gambling addicts face tough test as Super Bowl 58 descends on Las Vegas and NFL cashes in - USA TODAY - February 11th, 2024 [February 11th, 2024]
- What are the NFLs gambling rules for the Super Bowl in Las Vegas? - The Athletic - February 11th, 2024 [February 11th, 2024]
- Personal Frontiers gets $45K to treat gambling addiction - Gillette News Record - February 11th, 2024 [February 11th, 2024]
- Super Bowl Gambling Grows, But Pastors Are on the Sidelines | News & Reporting - ChristianityToday.com - February 11th, 2024 [February 11th, 2024]
- Sports betting leading to increase in gambling addiction - Dayton 24/7 Now - February 11th, 2024 [February 11th, 2024]
- Betting on the Super Bowl: Impacts of sports gambling in Ohio as state's help hotline sees jump in calls - WKYC.com - February 11th, 2024 [February 11th, 2024]
- Sports gambling during the NFL Championship game will increase addiction rates - 25 News Now - February 11th, 2024 [February 11th, 2024]
- Billionaires Are Trying to Bring Casinos and Gambling to Texas - Robb Report - February 11th, 2024 [February 11th, 2024]
- Gambling becomes the first big issue of the legislative session - WBHM - February 11th, 2024 [February 11th, 2024]
- DraftKings, helplines, and the hidden toll of sports gambling - The Boston Globe - February 11th, 2024 [February 11th, 2024]
- The Super Bowl and gambling are locked in a tight and dangerous embrace - The Guardian - February 11th, 2024 [February 11th, 2024]
- Sports gambling addictions on the rise due to online betting, experts warn ahead of Super Bowl LVIII - WLS-TV - February 11th, 2024 [February 11th, 2024]