The Complete Guide to The Best Ethereum Online Casino Sites 2022

 

Ethereum casinos are online gambling platforms that offer users greater functionality than traditional casinos. This is due to the use of the world's second largest cryptocurrency , Ethereum . They offer a wide range of games consisting of slot machines, table games, poker and even sports betting. On top of that, these platforms combine the security, privacy, and convenience of the Ethereum token. Thanks to the almost instantaneous payment possibilities offered, the integration of smart contracts and the unique characteristics offered by the ether blockchain, they offer an intuitive interface. Discover through this article, all about the functioning of theEthereum casinos

Best Ethereum Casinos

There are a multitude of Ethereum online casinos that offer Ethereum cryptocurrency in their payment methods. To help you make the right choice, this guide presents the best Ethereum casinos available on the Canadian market.

Bitcasino

Bitcasino is quite simply a number 1 crypto casino on the market. It offers a playful interface, as well as a vast library of games. Casino payments are available 7 days a week, regardless of the time. The welcome bonus offered is split over the first three deposits. The first deposit entitles you to 100% bonus limited to 1 ETH, the second allows you to have 50% bonus up to 1 ETH. The third deposit gives you a 25% bonus up to a cap of 1 ETH.

KingBit

The toy library offered by Kingbit has nearly 1200 casino games. You can find table games, slot machines, board games and even scratch cards. The casino game providers are among the most famous in the market. The welcome offer is spread over two deposits: 110% bonus up to 1 BTC for the first deposit and 55% bonus up to 1 BTC for the second.

Turtle Casino

The Tortuga casino through its exotic universe offers players an attractive and very ergonomic platform. The games library is quite large and has more than 1000 titles. The player is entitled here to live games in a very immersive setting. Two welcome offers to choose from are available to players. The first includes a 110% bonus up to €110. The second offer consists of a bonus of €400 plus 14 days in the VIP club.

TrustDice

TrustDice offers its users various games ranging from live casino to famous crash games. Financial transactions are quite simple and fast and the bonuses offered are attractive. The welcome bonus extends over the first three deposits. With the first deposit, the player receives 100% bonus up to a cap of 1 BTC + 25 free spins, the second 75% bonus limited to 1 BTC and the last 50% bonus for a cap of 1 BTC.

FortuneJack

True to its name, the FortuneJack casino offers its users many promotions and a particularly interesting welcome bonus. It is split into two parts. The first deposit grants the player a 110% bonus limited to 1.5 BTC + 250 free spins and the second deposit entitles the player to a 50% bonus for a ceiling of 1 BTC. The casino allows both sports betting and casino games.

Cloudbet

Cloudbet casino offers its new players a particularly attractive bonus which amounts to 5 ETH. The entire bonus is not paid to the player at once. It is left in such a way as to be unlocked over the games to allow the player to increase his stakes.

 

Look for more casinos with ethereum deposits at https://www.canadianroofmasters.ca/payments/ethereum/

 

What is an Ethereum Casino?

The Ethereum cryptocurrency is based on a blockchain protocol developed by the famous Canadian Vitalik Buterin. Blockchain is a technology that allows the storage and transmission of data in a transparent, secure manner and without a centralized control body. Launching in 2015, Ethereum has the second largest market capitalization after the king of cryptos, Bitcoin. Based on proof of work, it allows the creation of Dapps (decentralized applications), and smart contracts.

Ether differs from Bitcoin which is specially focused on peer to peer payments. Ethereum blockchain developers build apps for several key industries like finance, real estate, cloud, and entertainment. In addition, the Ethereum blockchain developer community is the largest and most active in the crypto universe.

The advantages and disadvantages of using Ethereum casino cryptocurrency?

Here is a table that shows you the pros and cons of using Ethereum cryptocurrency:

Advantages	Disadvantages
A solid reputation and a pioneer in its field; A large active and very committed community; Almost unlimited development possibilities; A definite step forward in the creation of Dapps and smart contracts; The brilliant reputation of Vitalik Buterin, founder of the currency; Growing investor interest in the Ethereum token; The intervention of the Ethereum blockchain in several key sectors.	Security problems very often endanger the network; The complexity of learning Solidity (the language of Ethereum) by developers; The scalability problems caused by the first generation smart contracts issued by Ethereum.

As you can see, the advantages of using Ethereum far outweigh its disadvantages. Money is therefore an ideal alternative for online payments.

How to create a cryptocurrency wallet for an Ethereum casino?

To store ethers, you necessarily need a wallet or wallet. The latter can be obtained online through a centralized platform like Binance or Coinbase . It can be of the software type by using the Metamask or Trust wallet applications.

In the best case, it can be of a hardware type like the Ledger Nano key. This last option allows you to benefit from offline storage, which is therefore more secure. Once the type of wallet has been chosen, all you have to do is buy ethers to store. You can then consider going to play at an Ethereum casino .

How to buy Ethereum Casinos cryptocurrency?

To buy Ethereum , several possibilities are offered to you. Indeed, although it is not possible to obtain ethers on a traditional banking establishment, there are several platforms for the sale and exchange of cryptocurrencies . So you can choose one or the other of its exchangers according to your needs. However, it is better to opt for reputable exchanges such as Coinbase, Binance or eToro .

Once you have chosen your buying platform, you will need to follow the following steps to buy your ethers:

• Go to the platform interface to register;

• Recharge his account;

• Search “Ethereum” in the search bar;

• Specify the quantity of ethers you wish to purchase;

• Validate your order;

• Send your Ethereum to the ERC 20 address of your crypto wallet.

Once the ethers have been purchased, all you have to do is make a deposit in your Ethereum casino account . Additionally, some gaming operators allow players to purchase Ethereum directly from the site. This option is therefore more practical and less tedious.

How to make an Ethereum casino deposit?

The deposit procedure at Ethereum Casinos is generally straightforward. Indeed, after the creation of your wallet and the purchase of your ethers, you must follow a few key steps.

You simply have to go to your online casino and access the page reserved for deposits. You will then need:

• Click on the payment method via Ethereum;

• Indicate the amount to be deposited;

• Make sure you correctly enter the ERC20 address given by the casino on your wallet (Binance, Coinbase, Trust wallet, etc.);

• As soon as the transaction has been validated on the blockchain, the deposit balance will be credited to your casino account.

Depositing in Ethereum at online casinos has the advantage of being quick and easy. The tedious procedures of credit card deposits are therefore spared you.

How to withdraw crypto from an Ethereum casino?

Depending on the online casino chosen , it will sometimes be necessary to do a KYC before making a withdrawal. To do this, you must send proof of identity and address to the casino and then wait for the approval of the documents by customer service.

If you have opted for an Ethereum casino that works 100% with the blockchain, you will not be asked for any proof of identity. However, as these establishments are rare, it is always advisable to prepare your identity documents in order to cover all eventualities.

To make a withdrawal at an Ethereum casino , go to the banking/withdrawal section of the operator. Click on the “withdrawal” tab then specify the amount in ETH that you wish to withdraw. Fill in your ERC 20 address appropriately in the dedicated field. Finally, click on “send”. The transaction will be done in a few minutes and you can check your wallet balance to confirm the withdrawal.

Also, it should be noted that some game operators allow you to make Ethereum deposits, but not withdrawals. In this kind of situation, you must use a fiat currency payment method to recover your winnings.

Everything you need to know about Ethereum casino bonuses

Like traditional online gaming platforms, Ethereum casinos also offer their users promotions. These can take different forms depending on the situation.

The welcome bonus

The welcome bonus is usually the most generous promotion offered by the casino. It is offered as a reward to new players when opening their account. In Ethereum Casinos , it is very often offered on the first three deposits. The majority of Ethereum casinos offer a percentage on deposit, as well as free slot spins.

Before initiating a game with the bonus received, it is essential to read the terms of use of the bonus. A minimum and maximum amount is often required and it is sometimes necessary to replay the amount of the deposit and the bonus a certain number of times, and this before being able to withdraw the winnings from the bonus. Free spins are also only accessible on specific machines.

No deposit bonuses

In addition to welcome bonuses, an Ethereum casino also offers other promotions to retain their users. Among these, there is the bonus without deposit or free bonus. The latter can be granted either in the form of free spins or in monetary form.

Free bonuses are greatly appreciated by players, as they require no deposit for wagering. Furthermore, it should be noted that the wagering requirements are not always easy to fulfill. No deposit bonuses are offered during special events, after a large deposit or following a certain number of referrals.

Other Ethereum casino promotions

After a deposit, the player also has the possibility of benefiting from certain bonuses. Deposit bonuses are very common and come in the form of a percentage on the deposit made.

Free spins are also another type of bonus commonly granted by Ethereum casinos. Free spins multiply the odds of winning and their frequency of granting generally varies from one casino to another. To use the free spins, wagering conditions are sometimes imposed depending on the type of game chosen.

We should also not forget about the bonuses offered in the form of cashback. Although rare, they are nevertheless not lacking on Ethereum casinos. In addition, for each bonus granted, it is important to read the conditions of use.

Fees related to the use of Ethereum casino

The transaction fees related to the use of ether represent the amount necessary to ensure the operationality of the network and the validation of transactions. All financial transactions related to the use of ether require the payment of gas fees , in the form of a small amount of ETH.

Also, it should be noted that the fees charged for a transaction on the Ethereum network are usually high. Especially when compared to those of other cryptocurrencies . However, if the network is not too saturated, you can benefit from lower charges.

Is it legal to play on a casino accepting Ethereum casino?

Before you start playing with your own money, you must necessarily check that the chosen ETH casino is legal in your region. If so, you will face a problem of being unable to withdraw your winnings.

It is therefore essential to opt for a licensed Ethereum casino . The most famous licenses on the market are granted by the gaming commissions of Curaçao, Malta Gaming Authority, Great Britain and Gibraltar. The presence of the accreditation certifies that the casino provides legal gaming software and that payments are authorized to it.

In the majority of countries in the world, online casinos are allowed. The universe of cryptoassets is still quite poorly regulated, which is the main reason why ether is greatly appreciated as a means of payment in online casinos. Players are free to bet with cryptocurrencies in online casino sites. In the USA for example, Ethereum casinos are not prohibited. However, it is advisable to study the laws in force in your state before making any choice.

In the near future, the regulation of the cryptocurrency market will surely be stricter, especially with regard to online casinos. Governments in some countries already require gamers to report theircryptocurrency income .  This will have the effect of reducing the anonymity of the transactions carried out and could lead to an about-face by ETH casinos.

Alternatives to Ethereum casino

The prince of cryptocurrencies is one of the most prevalent digital assets in crypto online casinos. However, the majority of these casinos also accept digital assets like tron, dogecoin, litecoin, Solana, etc. The latter therefore constitute an alternative to the use of Ethereum.

Here is a comparison table between ether and the few other cryptocurrencies used in online casinos:

Cryptos	Security	Project	Capitalisation	Transaction fees	Transaction speed
Ethereum	Mean	Excellent	Raised	Eating it	Mean
Tron	excellent	Solid	Mean	Weak	Very high
Solana	excellent	Solid	Mean	Weak	Very high
Litecoin	Good	Solid	Mean	Weak	High
Dogecoin	Weak	Shitcoin	Mean	Weak	Good

 

The difficulty of learning the Solidity language does not help matters for ETH. Because other competitors offer the same service without requiring the mastery of a new language. First-generation smart contracts and their scalability issues also put ether at a disadvantage against its competitors.

However, Ethereum seems to be on the second list after Bitcoin in taking over the online world. In addition to the higher transaction fees it presents, Ethereum has the advantage of being more solid and safer compared to other cryptocurrencies . Moreover, its capacity for evolution is almost unlimited and the founders are quite brilliant. It therefore naturally attracts the largest investors from all over the world.