As Ethereum (ETH) is the second-largest cryptocurrency in circulation after Bitcoin, it’s not surprising that a number of online casino and gaming players have started accepting it on their sites. Therefore, it’s good to know what makes Ethereum a preferred cryptocurrency for online gaming.
The reason behind the widespread use of Ethereum for online casinos is its transparency. It was the first crypto to use smart contracts on the blockchain. Thanks to smart contracts, transactions are automatically executed once the terms of a contract are met. Ethereum makes it faster to perform transactions and receive payments because there’s no intermediary involved.
In this blog, we’ll talk about several aspects of betting in Ethereum, including the hottest online casino games and ETH slots that you can play.
Want to bet with Ethereum? Here are the top online casino games to do so
- Poker – If you think you’re a genuinely skilled card player, you should play poker, a 5-card game in Ethereum. Poker is not only a test of your card skills, but it also tests how well you make strategies to gamble. Online portals offer several variations of poker with different numbers of betting rounds. Besides, in video poker games, you can discard one or more cards to exchange for new cards to get a better hand.
- Blackjack –You can play one of the most popular online card games, Blackjack, in Ethereum. In this game, each player competes against the dealer. You win the game by reaching a score higher than the dealer without going over 21.
- Dice –Like traditional dice games, even in Ethereum dice games, you have to throw six-sided dice. Depending upon the number of points you get in each throw, the winner is decided. That said, there could be several variations of dice games. For example, the number of dice thrown per player may vary from one online platform to another. Some online gaming portals have a variation, wherein by throwing a dice, you have to get a number higher or lower than a chosen number to win.
- Roulette – Want to fancy your chances of winning big bucks by spinning a wheel? Then, you should play roulette in Ethereum. Roulette lovers can find tons of variations of their favourite game online. While playing roulette in Ethereum, you can bet on a single number or even on a combination of numbers.
Play a full range of online slot games with Ethereum
You can play a range of ETH slots games in Ethereum. Slot games have come a long way. While the traditional ones had a more subtle look and feel, the new ones are shinier and catchier in their interface.
Online casino players provide a range of slot games with exciting graphics, sound effects, jackpots, and bonus features. All sorts of players prefer playing slot games because winning or losing is down to a chance in such games. Unlike poker and rummy, slot games do not require talent, as they are based on pure luck.
Online portals offer many exciting slot games to attract gamers to use Ethereum while playing. For example, on BTC365’s website, you can play slot games like Gates of Olympus, Sweet Bonanza, Bigger Bass Bonanza, Fruit Party, and many more.
Furthermore, BTC365’s website offers you slot games with multiple pay lines, a huge selection of bonus symbols, and several interactive mini-games. Now that you know which casino and slot games you can play online in Ethereum, you should also know how to find out the best online gaming platform. Remember that your chances of winning or losing depend significantly on the choice of gaming platform. So, this is one of the most critical steps.
Related Read: The Most Popular Crypto Games To Play Online
How to select an online casino for betting in Ethereum?
- Safety and security: The most important criterion for selecting an online casino is to check how safe and secure it is compared to other platforms. As crypto isn’t like a fiat currency, players are often anxious about the safety of a casino site. Many casinos have taken all possible steps to ensure that they are genuinely safe for players. While selecting a platform, you should give preference to casinos regulated by reputed institutions in the world of gaming. Also, check for how long a platform has been in the gaming business.
- Variety of casino and slot games offered: Apart from winning big bucks, bettors also want to enjoy playing casino games they love. This is why you should find a platform that offers casino and slot games that you like playing.
- Bonuses and offers: Various betting platforms offer all sorts of welcome offers, reload offers, and other incentives to lure different kinds of players. It’s important to carefully read the terms and conditions of offers before selecting an Ethereum gaming platform. If used well, bonuses and offers can have a massive impact on the overall result of the game. However, if you don’t read the fine print carefully, you can also land in trouble. So, be careful when reading about bonuses and offers.
- Quality of user experience: All other features won’t mean much if the website of a gaming platform is tedious and not user-friendly. Therefore, it’s imperative to check how user-friendly a platform’s website and mobile app are. If a friend or acquaintance is into gaming, you can ask them. After all, the best way to check user experience is to ask someone who has actually used a platform.
- Availability of payment methods: It may sound a bit obvious; nonetheless, it’s extremely important to check if a gaming platform accepts Ethereum for payments or not. If it doesn’t, needless to say, you can’t use Ethereum on it. It’s also a good idea to check how long it takes for a fund transfer to happen on a casino site.
Now, we’ll talk about steps to follow for gambling in Ethereum.
Steps to follow for betting in Ethereum
- Register on a casino and buy Ethereum: The first step is to register on an online casino that you have selected. Follow the norms of the casino provider and other know-your-customer (KYC) rules of your region. It is important to ensure that your account is genuine and discourage fraudulent activities. Once you’ve registered yourself, the next step is to buy Ethereum from a crypto exchange.
- Make an Ethereum deposit: After your account gets registered and verified, the online casino platform will direct you to the deposit page. Such pages typically provide an option to make a deposit in many cryptocurrencies. If you want to make a deposit in Ethereum, choose Ethereum as the payment option. Make a note of the minimum deposit you have to make in Ethereum on a particular site. Also, analyse how much money you’d like to keep in your online casino account. Once you’ve decided the amount, you’re all set to make a deposit in Ethereum. Enter the amount you want to deposit, and the gaming platform will provide you with an “Ethereum wallet address.” The last and final step is to transfer funds from your crypto wallet to the Ethereum wallet.
- Withdraw at an appropriate time: It’s important to analyse when to withdraw your winnings from a platform. We’d always suggest that you should have a withdrawal strategy so that you keep on withdrawing your money at regular intervals. Bear in mind that most gaming platforms have a minimum withdrawal policy. To make a withdrawal, all you have to do is visit the casino’s website, select Ethereum as the payment option, enter the amount you want to withdraw, and click submit.
When there are other cryptocurrencies like Bitcoin and Litecoin, you may be wondering why gamble in Ethereum at all. Therefore, in this section, we’ll discuss why you should choose Ethereum for gambling.
What makes Ethereum a perfect cryptocurrency to play online casino games?
- Smart contracts: As we said earlier, Ethereum uses smart contracts, allowing safer and easier transactions by encrypting all data related to your transactions so that no one can access your personal details. With Ethereum, thanks to smart contracts, your data remains safe and secure, and you can gamble with a relaxed mind.
- Super-fast transaction speed: In terms of transaction speed, Ethereum is one of the fastest cryptos globally, which means it offers the fastest possible speed to deposit and withdraw funds.
- High privacy levels: As opposed to fiat currencies, which require you to reveal information (personal and financial) to third parties, Ethereum offers much higher privacy standards, due to which you don’t have to disclose sensitive information to a third party.
- Lower transaction fees: Last but not least, Ethereum makes you pay much lower transaction fees than fiat currencies or any other traditional mode of payment. Using Ethereum will save more money than is possible with other modes. So, it makes tremendous financial sense as well.
While betting in Ethereum does have its benefits, you should also be careful about certain factors to minimise your risks.
Betting in Ethereum? Things to be careful about
- Fluctuations in Ethereum’s value: Like any currency, Ethereum’s value fluctuates as well. As a bettor, you need to understand how much a certain sum in Ethereum will fetch you in terms of a fiat currency. So, do keep an eye on the value of Ethereum every once in a while. For example, on a year-to-date (YTD) basis, Ethereum’s value has dropped by close to 30%, which is quite massive. That said, its value also goes up on a regular basis. The best way to deal with fluctuations is to buy and withdraw Ethereum regularly (like once every month) to average out the value.
- Check if Ethereum is legal in your region: As cryptocurrency is still in a nascent stage as a concept, laws governing it are evolving worldwide. Therefore, it’s a good idea to check whether betting in Ethereum is legal in your region or not. Often, laws pertaining to cryptocurrencies tend to be ambiguous as well. In that case, do check with a lawyer/legal expert in your area to be sure about its legal status.
- Don’t send Ethereum to the wrong address: When dealing with cryptos, you have to be very careful not to send them to the wrong address, and Ethereum is no different. If you send it to a wrong address (person), there is no way you will get your money back. As a rule, always double-check the address before sending Ethereum or any other cryptocurrency.
Related Read: Why BTC365 is the Best Crypto Casino Site for Bitcoin, Ethereum, and Litecoin Gambling
Visit BTC365 to get the best casino gaming experience with Ethereum
BTC365 is one of the best Ethereum casino sites that offers a cutting-edge experience for playing casino and slot games. It is licensed internationally by E-Gambling Montenegro, a well-known authority responsible for licensing gambling operators in Montenegro.
This platform takes all sorts of precautions to make gambling safe and secure for players. For example, BTC365 uses cryptographic technology called “Provably Fair” in its in-house casino and slot games to ensure 100% fairness in results. This technology ensures that no third party can interfere with the game or its results.
Moreover, it offers a huge range of casino games and slot games on its website. There’s certainly no lack of thrill and excitement when you’re on BTC365. It has offers like a 100% welcome bonus and a 50% reload bonus to reward new and seasoned punters.
Its dedicated customer support executives are available 24 X 7 to chat with players in case of any issues. But if your issue isn’t resolved, you can always use the “live chat” feature on its website, and BTC365’s team will help you in the best possible manner.
BTC365 is constantly evolving to provide an excellent gaming platform in Ethereum for players. For example, it recently launched a mobile app that allows you to play your favourite casino games on the move. In a nutshell, if you want to play online games and Ethereum, BTC365 is the site to visit.