Ethereum Gambling Sites – Stake and Other Recommended ETH Casinos
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Ethereum Gambling Sites – Stake and Other Recommended ETH Casinos
- Gambling Online with Ether – Important Starting Points
- Top Ether Casinos:
- Advantages of playing at an ETH casino
- Ethereum vs. Bitcoin – A Few Basic Differences
- Good ETH Wallets for Beginners
- How to Deposit Ethereum in the Casino – The Most Important Steps
- Making Bets in ETH
- Verifiably Fair Games Offered with ETH
- Ethereum Casino Bonus Offers and Promotions
- Our Assessment of Ethereum Casinos
One of the main reasons we love Stake so much is because it is a crypto casino. And that means it is more than just a Bitcoin casino. In fact, in addition to the most famous of all cryptocurrencies it accepts seven others. One of the best options, in our opinion, is the increasingly popular Ethereum (ETH), a digital currency based on decentralized open source blockchain networks that has been competing with BTC for a number of years.
Due to the outstanding security features of Ether, quite a few crypto casinos and other businesses which accept digital tokens have now decided to work with ETH as well. And some even offer their customers a special Ethereum welcome bonus.
What’s so great about Ethereum that it’s got famous crypto investors like Elon Musk hooked, you ask? And why does it make a great banking option for online players? Keep reading for all the answers, and more.
ETH Basic Background Details
|Founders:||Gavin Wood and Vitalik Buterin|
|Best casino to play with ETH:||Stake|
* Important information about the conversion rate: There are now several Ethereum variants available. ETH 2.0 is currently on the rise, but at the moment, most crypto casinos only offer the classic coin, so keep that in mind. Also, while we’ve provided the current EUR exchange rate for ETH, if you want to make other calculations in the converter, for example to USD, just follow the link and make the conversion there by updating the fields accordingly.
Gambling Online with Ether – Important Starting Points
With Ethereum increasingly becoming a crypto currency of choice for many people the world over, you will find more and more online casinos accepting it. But not all. So it is important, as a first step, to ensure that the casino you are considering playing at does indeed accept Ethereum. Stake, for example, as we already know, does.
Once you’ve identified such a casino, you’ll of course need to register, which basically means set up an account. Since we’re talking about crypto currencies here, this should be a particularly easy process with little personal details required to complete. Heck, many crypto casinos as you may know don’t even ask for verification to get started, so it should be super quick with as little as your name, email address, and password required.
Next, while most online casinos that accept ETH will have earlier indications on the user interface to advertise this fact, once you’ve joined we recommend clicking over to the casino’s wallet or cashier (or whatever they call it), to confirm. Each online casino obviously will have its own exact UI, but the actual banking process from here is pretty much universal, and the same as when gambling with any other “regular” currency like euros or US dollars. The only difference here is that in your wallet, you’ll be selecting Ethereum as your currency option payment method and essentially currency option in one.
Once you have done so, to make a deposit, you’ll have one of two options. You can either copy the address provided onscreen and enter it into your own wallet or scan the QR code to make things even simpler. It’s really up to you and how you prefer to do these things. If you do choose to go the URL route, just make sure you copy it in full, because if you make an error, you know how crypto works. It’s not a bank and you won’t be able to make a change.
By the way, it’s good to know that if you don’t already own ETH, crypto casinos such as Stake or Fairspin allow direct ETH purchases via third-party providers. Stake, for example, will redirect you to the very reliable MoonPay service to complete such a transaction. And Fairspin.io even goes so far as to offer two independent services, MoonPay and LocalBitcoins.com. The purchase itself will take no more than a few minutes, regardless of the route you choose.
Top Ether Casinos:
|100k $ + 30 free spins||Curacao|
|20 ETH + 180 free spins||Curacao|
|28 ETH + 300 free spins||Curacao|
True, the development of digital tokens is astonishing, and even being able to create such a list says something, because frankly, 10 years ago hardly anyone would have thought that crypto would be giving traditional euros a run for their money as the most popular way to gamble online. But so it is.
There are now dozens of online casinos, if not more, that work entirely in crypto like Stake, or a hybrid model like Fairspin, which accepts both crypto and fiat. Since we’re Stake fans here, and we love Stake the most, hands down, it comes as no surprise that our favorite crypto casino accepts Ethereum in addition to Bitcoin and other crypto currencies. And more than that, it’s in our opinion, the best place to play with ETH.
Advantages of playing at an ETH casino
- Fast transactions in both directions
- No limits on deposits and withdrawals*
- Stable and proven cryptocurrency
- Accepted in many crypto casinos
- Private and secure
- Verifiably fair games
- Special ETH bonus promotions available
The benefits of playing at an ETH casino are pretty much the same as those enjoyed when playing at a BTC place. So if you already hold ETH and are looking for what to do with it, besides watch its value grow, then this is another great option. And a whole lot of fun along the way.
If a casino accepts BTC and ETH that means all of its games can be played in either of those crypto currencies. And places like Stake have an added advantage, in that while you can only bank in crypto, you can always switch your screen view so that you can see the value in dollars or euros (or whatever you like). This helps you keep track of the exchange value as well.
Also, by the way, since the price of crypto can fluctuate wildly, you can even end up earning extra value on your ETH while you’re busy playing (and hopefully winning) at the casino, before you even go about with your withdrawal. And of course, withdrawals may just be the biggest plus of crypto gambling, in that casinos like Stake have no limits on withdrawals. That means it is easier than ever to get your money, even A LOT of money, out in one go.
Plus, since there is no bureaucracy involved, the transaction times are generally far shorter than with other payment methods. This is certainly true for withdrawals. Instead of waiting to clear say the bank’s pending process, you simply need the cited number of confirmations, which usually takes no more than a few minutes, and the money is yours.
Just remember, however, there are blockchain fees for crypto currency transactions. So if you haven’t already done so, it may be worth comparing between common crypto wallets for some extra savings in the long term.
Ethereum vs. Bitcoin – A Few Basic Differences
Basically, even at first glance, it’s pretty clear that BTC and ETH differ significantly, especially when it comes to the market price. For 1 Bitcoin you would get around 12 to 13 Ethereum, give or take, as the prices fluctuate quite a bit. So Bitcoin, in other words, has a much higher value. That being said, of course, it means if you don’t already hold one of these digital coins, Bitcoin is a lot more expensive to buy. So for many, Ethereum makes for a more accessible starting point.
But while Bitcoin is higher priced, the value of Ethereum also varies. For example, it peaked at $4,022.47 in September 2021 and was around $3,815 in December 2021. True, that shows a drop, but if you’re buying low, that can actually work to your advantage. As an investment, as such, many would argue it’s currently ahead of Bitcoin, because a lot of profit can still be made.
Another aspect is scalability, as ETH is based on decentralized apps, unlike Bitcoin. The technology is clearly different from one another, which is in large part what has many betting on Ethereum in the long term. Similarly, it only takes a fraction of the computing power required for BTC to generate it, so Ethereum can therefore be produced much faster and more energy-efficiently at that.
Good ETH Wallets for Beginners
If you’re reading this article, it’s likely you already hold ETH. But if you don’t, we’ll bet you’re wondering how to go about acquiring it. Or perhaps more accurately, which crypto wallets are best suited to purchase Ethereum for casinos such as Stake.com, Fairspin, or Roobet.
From our experience, the better proven crypto wallets are:
Basically, buying ETH through any of these exchange platforms is very easy. After registration, transactions can be made within a very short time. The exact steps differ slightly between these services, but overall handling is almost identical in all three companies. And there are clear instructions and prompts to help you out along the way, as well as reliable customer support service.
Just note, at this stage (i.e. pre-registration) a fee comparison is worthwhile between the different crypto platforms. Because although the ETH network transaction fees are usually cheaper than with Bitcoin purchases, there are also minor deviations between the three wallets, which over time if you’re dedicated to the medium, could add up to great savings for Ethereum casino customers.
Alternative to setting up a crypto wallet
All that being said, you don’t necessarily need a wallet to buy Ethereum. Stake and some fellow casino operators allow payment directly through third-party providers such as MoonPay. This makes it even easier to get started, because you can theoretically save yourself all of the aforementioned crypto wallet setup and maintenance work (as easy as it is). Realistically speaking, this path is particularly useful for casino customers who only want to use tokens such as Ethereum to play casino games with anyway.
How to Deposit Ethereum in the Casino – The Most Important Steps
Now that you’ve determined that ETH is your currency of choice, it’s time to get gambling. But in order to do that you’ll need to make a deposit. Easy! If you’ve ever played at an online casino before, the steps will look super similar. In fact, even if you’ve simply made an online purchase in the past, it will be a completely familiar process. And if you haven’t, well it’s incredibly intuitive.
We’ll use the Stake deposit process for a more practical example.
- Log in to the casino.
- Click on the blue ‘Wallet’ button.
- Choose ETH from the dropdown menu under the ‘Deposit’ tab.
- Enter the ETH deposit address shown on screen in your crypto wallet.
- Or, alternately, scan the QR code.
- Enter the amount you’d like transferred.
- Once the amount is entered and you complete the transaction, it will take a few minutes for the required blockchain confirmations to complete it.
Just note, as the instructions in the Stake wallet point out, only ETH tokens created by ECR20 are accepted. ECR20 is the common standard that is provided by all of the wallets listed. In addition, in the case of Stake, a minimum deposit amount of 0.003 ETH applies.
Also, again, if you don’t have a personal wallet address, you can use MoonPay for your exchange with Stake. In this case, it is sufficient to enter any euro amount and the service provider will automatically convert it into your preferred crypto currency, which we’re guessing at this point is ETH.
How long does it take before you see Ethereum credits in your casino account?
If all requirements are met and there is already ether in your preferred wallet, the payment process is not only super easy, but also extremely fast. All it takes is 12 confirmations and you’re done. Yes 12 does sound like a lot, but as you may know, these things move really fast, so only in exceptional cases will it take more than a few minutes and up to half an hour max before the Ethereum casino credit is seen in your account. Again, keep in mind, this primarily has to do with network transaction speed, and is not something the casino itself can control.
How to Withdraw Ethereum from Your Account
Of course making a deposit is important to get started gambling in ETH. But let’s be realistic, you’re probably at least as interested in making a withdrawal. Or more accurately, how easy making a withdrawal is going to be.
Well, the good news is, at a recommended crypto casino, and certainly at our beloved Stake, cashing out is super easy. At Stake, for example, all you’ll need to do is toggle over to the ‘Withdraw’ tab in your wallet, enter your ETH address, and the amount you would like to cash out.
Just note, there is a minimum withdrawal here (at last check it was the equivalent of $37.82) and a fee (last listed at $11.35) that’s subtracted from your balance to cover the transaction. These fees, by the way, are the only downside really of crypto transactions. But if you’re familiar with the format, then you also know that they are par for the course.
Making Bets in ETH
All of our recommended Ethereum casinos obviously accept ETH for banking purposes. And, as importantly, for betting. But how exactly this looks depends on which Ethereum casino you choose. Stake players, for example, benefit from a variety of accepted cryptocurrencies for banking purposes, as well as the fact that you can play in all of them, including Ethereum.
For each coin type there is a separate area in your account with the current status (i.e. how much of it you have in your Stake account). Switching between coins is easy and manual. So you have several sub-accounts for each currency. This ability to use multiple cryptos from a single account and switch back and forth at your leisure is in fact another one of the reasons why we love Stake so much.
That and the fact that you can also place bets in crypto there, and not just a corresponding EUR or USD value. In other words, all of the games available at Stake can be played using ETH as your betting currency. Though for the sake of simplicity, there is also the option of displaying all amounts in USD (or almost any other fiat you’re used to banking in). Just keep in mind, the fiat amounts displayed are approximations and all bets and associated winnings will be settled in the crypto equivalent when you go to cash out.
Online casinos that accept both fiat and crypto, on the other hand, often convert stakes and winnings into euros. This applies to Fairspin casino, for example. So while you’re banking in crypto there, you’re actually betting in EUR or USD.
Verifiably Fair Games Offered with ETH
While “regular” online casinos regularly talk about random number generators (RNG), crypto casinos instead have a slightly different lingo, with a slightly different process. True, all of the games you’ll find at a crypto casino have random results – especially since they are almost all from top software providers that service fiat casinos as well. So the games will have built-in RNGs. And this is great stuff for fairness. But crypto casinos have added a level to the matter, and that is the verifiably fair technology. And although this concept is generally associated with the Bitcoin blockchain, it is actually something that works with all accepted cryptos, including of course Ether.
So if you want to check for yourself that the results of a game round you played are fair (as in random and untampered) you can do so by checking out the cryptographic hash function. It’s a bit complicated to the uninitiated, but not so much so that even a novice can’t learn. And casinos like Stake make it really easy, with a full section dedicated to explaining the concept of verifiably games, the client seed and server seed involved, and how to generate results so you can see the outcome of any round you’ve played for yourself.
Games That Are Available in ETH Currency
Nowadays, pretty much all online casino games are available to players who want to gamble in ETH. At a casino like Stake, for example, all means all. Which means that any of the thousands of online casino games that you find there, including tons of slots and table games, can be played with Ethereum bets.
Other hybrid casinos we’ve come across have different setups. Some, for example, have special sections dedicated to crypto games, meaning only those are available for crypto bets. Also, as we outlined earlier, at places like Fairspin, your betting is not actually in ETH (rather your banking is), so your actual bets will be placed in fiat, but eventually you’ll cash out in Ethereum.
And by the way, we’ll just mention here, there is another category of crypto games, that is often referred to as original casino games. These are titles like Plinko, Limbo, Crash, and Mines. What sets them apart is that they are only found at crypto casinos like Stake, giving this format yet another great advantage of offering something above and beyond the expected. And yes, needless to say, Stake originals can be played in ETH.
Basically, experience has shown that there are no restrictions in the game portfolio, because the innovative providers in the industry, simply put, are well prepared. They have already adapted their online slot machines, roulette tables, and the likes and perfectly matched currencies such as Ether so it all works seamlessly.
Does Ether Work in the Live Casino?
In general, it can be said that if Ethereum is accepted as a means of payment at a casino, this means all of its online games are in essence crypto games. And live casino games are no exception. In fact, if you’re the type of person who loves a trip to a bricks and mortars casino (as in Vegas style) and happen to be interested in crypto this makes for an absolute perfect combination. That’s because only online can you enjoy the thrill of live casino gaming while using crypto for making bets.
So for example, if you are in the mood for real time roulette, blackjack, or even Monopoly action – or any of the other extraordinary live casino games available at Stake – ETH deposits can make for an excellent choice for fueling your play
Ethereum Casino Bonus Offers and Promotions
Since there tends to be quite a bit of fluctuation in the exchange rate of crypto, and in the case of Bitcoin in particular the value can vary wildly, not all relevant establishments necessarily offer a crypto casino bonus.
But just to give you a bit of understanding as to the different types of bonus offers and rewards you might expect, we’ve broken the matter down a bit.
As StakeFans know, the popular crypto casino rewards loyalty with exciting bonuses through its super lucrative VIP program. These can be freely selected, especially at the higher VIP levels, and in so doing can also be claimed according to your preferred crypto currency, including ETH. Crypto bonuses available at Stake, by the way, run the full gamut, covering all the rewards we love like reload bonuses, cashback bonuses, level up bonuses, monthly bonuses, and more. Just another great reason we love Stake so much!
New players at BitStarz casino are welcomed the traditional way, with an excellent welcome bonus, which you can claim with as little as a 0.01 ETH deposit. The maximum bonus available if you’re up for a little more fun is a full 100% up to 20 ETH. Whichever you choose, this offer is a nice way to start out with double the funds. And while it should be easy to claim, if you have any issues in figuring it out, we’ve found the customer support to be well versed in Ether coin bonuses, so they can help you out.
Another great place to get started if you’re an Ethereum gambler is definitely Cloudbet with its 100% up to 5 ETH welcome bonus. Like BitStarz, the minimum deposit required to be eligible for the bonus is a mere 0.01 ETH. While smaller than the Bitstarz welcome offer, it’s still worth collecting. And since Cloudbet is such a strong crypto casino – with a related sports betting site no less – it is definitely worthwhile.
If you’re looking for a really generous crypto welcome bonus, Mbit casino pretty much takes the top spot. Basically, that is because it offers a full 110% up to 28 ETH bonus on your first deposit. In other words, it is both paying at a higher percentage and giving you a max amount of far more ETH coins. Plus, Mbit throws in 300 free spins to sweeten the offer making this one seriously good ETH welcome bonus. Add to that the fact that it rewards you on your second and third deposits as well, and you can see why players may join just for the welcome package alone.
ETH Casino Free Spins
In addition to an Ethereum welcome bonus, free spins are often part of the promotions that are waiting for new customers in crypto casinos. And certainly available to players along the way through various promotions. In other words, as our experts were thrilled to discover in their journey through the top crypto casinos, the terms free spins and ETH are in no way mutually exclusive.
A good example, of course is Mbit casino, which as we outlined above sweetens the welcome deal with 300 free spins thrown in for good measure whether you’re banking in Bitcoin, Ethereum, or whatever. BitStarz, for its part, has free spins with its welcome bonus, plus every Wednesday. So if you’re interested in weekly free spins, all you need to do is make a minimum 0.07 ETH deposit on any given Wednesday and the free spins are yours.
These of course, are only a sampling of what can be found. There are plenty of other free spin offers for crypto players, and ETH coin play in particular, out there. And, as a tip, besides those published on any of the casino websites, we strongly recommend keeping your eyes on your inbox (or mobile) as extra offers that include crypto free spins could certainly be coming your way.
Our Assessment of Ethereum Casinos
While Bitcoin is undoubtedly the best-known crypto coin out there, and certainly has many advantages and appealing traits, in our opinion Ethereum is no less of a contender. In fact, some would argue that Ethereum can even be preferable in some ways, like speed, scalability, and room for growth. Either way, over the last few years it has established a strong following of its own, and is generally considered to have taken second place directly behind BTC on the crypto scene.
For casino players in particular, like us StakeFans, Ether tokens can be particularly interesting, especially if you’re just getting in on the crypto game. That’s because the purchase price is still significantly lower than BTC (like 12-15X less depending on the day). Yet, and here’s the important point, ETH is accepted at almost all online casinos that work with BTC. So if you are looking to get into crypto gaming, this can be an excellent opportunity. And if you already have ETH, and are looking for ways to enjoy it, again, a crypto casino is always a good choice.
In terms of ETH banking, deposits and withdrawals work just as easily and quickly as with any other digital currency. Which basically means, all transactions are quick, and by nature of the blockchain, very secure. And with more and more online casinos moving to the world of crypto gambling – or like Stake, being developed exclusively for crypto bets – there is plenty of opportunity to enjoy all sorts of thrills. All with Ethereum. All safely. And all a whole lot of fun.