Betting with Ethereum has become an increasingly popular choice for players at crypto casinos. There are a number of benefits of betting with Ethereum, including quick and decentralised transactions, generous bonuses, anonymity, and more. However, there are also some downsides to playing at Ethereum casinos too. In this guide, we’ll be covering various aspects of betting with Ethereum, including the process of choosing a reliable site, advantages and disadvantages of Ethereum (ETH) for betting, types of bonuses available, and more.
Similar to Bitcoin casinos, Ethereum casinos have become more and more popular over recent years and as such, there are new sites launching on a monthly basis. This can be great news for those looking to bet with Ethereum, but it also makes it difficult to determine which are the best Ethereum casinos online in 2024.
The good news is that the team here at WhichBookie have done the hard work for you. After reviewing dozens of Ethereum online casinos, we’ve put together a list of the brands that we consider to be the most trustworthy, provide generous bonuses, have good customer support, and offer more than their competition.
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As well as being able to fund your casino accounts with Ethereum in order to play casino games, many sites also allow you to bet on sports using Ethereum.
Placing bets with Ethereum works similar to doing so with a standard bookmaker. You add a selection to your bet slip, enter your stake, and place your bet. Some Ethereum betting sites will allow you to enter your stake in fiat currency, whereas others will require you to enter an Ethereum amount as your stake.
With accepting customers from all around the world, Ethereum sports betting sites often have dozens of different sports available to bet on. Sports such as Football, Horse Racing, Basketball, Tennis, Ice Hockey, and Cricket are all very popular. You’ll also find that there is a big focus on Esports betting at Ethereum betting sites, with users able to bet on the likes of Dota 2, Kinf of Glory, Rainbow Six, and other top games.
Similar to casinos, there are dozens of Ethereum betting sites online. We’ve hand-picked our top ones below.
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Depositing into online casinos with Ethereum is fairly straightforward. However, the process does differ to depositing with fiat and extra care must be taken that all of the steps are completed correctly. Especially when entering wallet addresses.
The process of depositing using Ethereum may differ slightly between betting sites, but the standard steps are shown below.
Withdrawing Ethereum from online casinos and betting sites into your personal crypto wallet follows a similar process. Again, it is important to make sure that the wallet address is correct before confirming the transaction.
There are two main ways for players to buy ETH to fund their online casino and betting accounts:
Some online casinos will allow players to purchase Ethereum directly via their site through third-party providers like Banxa and Moonpay. This means that users can enter their card details, select the amount of Ethereum they’d like to purchase, and start playing right away. The drawback of this is users need to enter their financial details. However, this process also eliminates the risk of sending funds to the wrong wallet address.
Ethereum can also be purchased through exchanges like Binance, Coinbase, eToro, and MEXC. If you purchase crypto regularly for purposes other than betting such as for trading or to have as an investment, it’s a good idea have an account with an exchange.
In order to determine the best Ethereum casinos, we take several factors into consideration.
Reputation: Ethereum casinos which have been online for several years and have built up a positive reputation are often the best choice. Newer Ethereum casinos can also be trustworthy but with the lack of regulation in this area of online betting, we recommend sticking with brands that have proven to be reputable.
Payment Methods: If you are only looking to bet with Ethereum, then you’ll most likely have the pick of any cryptocurrency casino online. However, if you are considering betting with other crypto, then some casinos are better than others. Some online casinos have integrated with instant payment solutions like the Bitcoin Lightning Network (BLN) which provides instant transactions, whereas other casinos allow crypto purchases via credit/debit card.
Bonuses and Promotions: Although safety and security is a main factor when we rank Ethereum casinos, we also give credit to the brands that offer generous welcome packages and reasonable wagering requirements. Existing customers should not be excluded and so attractive reload bonuses and loyalty schemes also score points for the casinos.
Game Choice and Betting Markets: Some Ethereum casinos have a games catalogue of 7,000+ titles, offering an excellent choice to players. We also like to see sports betting offered under the same account and a diverse selection of available sports and markets to bet on at competitive prices.
Customer Support: Reliable customer support is essential at any Ethereum casino that we rank. Players should be confident that they can get in touch with the support team quickly and easily, especially with brands that aren’t licenced by an authority held in high regard such as the UK Gambling Commission.
Ethereum has several advantages when used at online casinos and as such, has become a very popular payment method which is widely used and accepted at dozens of online betting sites. We’ve listed some of the main advantages of playing at Ethereum casinos.
Ethereum’s blockchain technology allows for fast and efficient transactions. Unlike traditional banking methods such as withdrawing to a bank account that can take several days, Ethereum transactions generally take just a few minutes. The almost instantaneous transactions for both deposits and withdrawals is one of the main appeals of using Ethereum at online casinos.
Ethereum is decentralised, which means transactions do not rely on banks or other third-parties. This results in greater privacy as well as cheaper transaction fees. Some Ethereum casinos support anonymous accounts which require minimal personal information in order to register and play. Although these sites are not regulated by the UK Gambling Commission, they do appeal to many players.
Ethereum transactions are straightforward and remain the same no matter where in the world you are. There is no need for currency conversions, making it a simple options for casino players worldwide.
Crypto betting sites often offer huge bonuses that are significantly bigger than standard fiat casinos and betting sites. Players can pick up deposit bonuses, no-deposit bonuses, free spins, and free bets which are usually of a generous size. They’re a great way for crypto casinos to attract new players and allow players to play with fairly large balances.
Although there are several pros of using Ethereum at casinos, there are also some drawbacks.
Blockchain transactions cannot be reversed. Therefore, it’s essential to double-check transaction details before confirming any payments. Unlike bank transactions, crypto payments cannot be cancelled or reversed once completed. Although this can be seen as an advantage due to reducing the risk of chargebacks or unauthorised reversals, players need to be cautious when sending Ethereum to and from their betting accounts.
Ethereum and other cryptocurrencies can often be highly volatile, with prices fluctuating throughout each day. Sometimes very dramatically within short periods. While a rise in the price of ETH can work to your advantage, a sudden drop could result in your funds being worth less.
ETH casinos do not always adhere to the same strict regulations as standard online casinos that are licenced and regulated by the UK Gambling Commission. Some Ethereum casinos are licenced, but it’s important to check by who. Some licences are very poor and provide little to no protection to players, whereas others are more credible. Licensed ETH casinos which have responsible gambling tools can often be the better choice, but we recommend doing your own research into the credibility of any Ethereum casino prior to depositing any funds.
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