Ether (ETH) was created in 2014, and whilst based on a similar blockchain to that of Bitcoin it was designed to offer more flexibility for its users. Ether was the first cryptocurrency to be generated from Ethereum, and this revolutionary network allows users to create crypto-based products, giving endless possibilities when it comes to crypto payment options.
Ether can be sent instantly and cheaply and is used by many people around the world as a preferred method of payment, it’s offered at a growing number of new online casinos and provides players with a safe and fast way to carry out their transactions.
In this Ethereum review, we will examine all the ins and outs of this innovative crypto and explore how it could benefit your online casino experience.
Casinos Offering Ethereum Games
Ethereum vs Bitcoin
Bitcoin is one of the oldest cryptocurrencies and operates with just one crypto: Bitcoin. The biggest difference which sets Ether apart is that its platform allows the endless creation of other crypto-based products as well as its own native currency, Ether.
Just like Bitcoin, Ether users can enjoy anonymity when it comes to their Ethereum gambling as well as a high level of security but getting your hands on Ether can be a bit more tricky than Bitcoin. Having said this, Ether offers faster transactions due to its lower coin supply and being a newer cryptocurrency, will offer a higher level of security for players.
Is Ethereum safe to use?
Ether is incredibly safe to use, it’s blockchain has never been hacked and players using any Ethereum casino can rest assured that they will not need to supply any personal details when carrying out their transactions as the blockchain ensures these are kept anonymous. Choosing highly secure passwords, fingerprint recognition and secure keys also add further layers of protection for when transactions are being carried out with hardware and eWallets.
How does Ethereum work?
Ether is mined just like any other cryptocurrency and transactions are stored on a blockchain, it can be purchased initially from a number of online exchanges using standard payment methods. But before this step you will need to obtain a wallet to store your Ether on, these are known as ‘hardware’ wallets and they can easily be obtained online and are where you should securely store the majority of your crypto.
To enjoy the many Ethereum games out there, you’ll then need to download an eWallet which will enable you to send money to and from your online casino. These ‘soft’ wallets are ideal for storing in smaller amounts of Ether and are incredibly user friendly.
Best Ethereum games
Ether can be used on a huge variety of casino games at many online casinos, with thousands of Ether slots in existence, live casino, table games and even sportsbook betting. Players will often see that Ethereum games offer up very generous RTP’s in comparison to games which are playable with standard currencies only.
It’s also possible for players to enjoy games that are operated entirely on the blockchain, and there are hundreds in existence and mostly very simple in theory, such as Ethereum dice games as an example. The blockchain will randomly generate the outcome of the game round offering a completely no strings gaming experience.
1. Do Ethereum casinos offer welcome bonuses?
The welcome deals at many cryptocurrencies are often incredibly generous and rewarding, consisting of large amounts of Ethereum casino no deposit bonus spins, as well as deposit bonuses and even crypto faucets.
2. Are there many casinos which offer Ethereum as a payment option?
There has been a huge increase in online casinos which offer crypto as a method for players to carry out their deposits and withdrawals with, predominantly these began with offering Bitcoin only but have quickly progressed to offer Ether as well as other cryptos.
3. Is it safe to play at an Ethereum casino?
We would only ever advise you to play at an online casino which holds a genuine gambling license, and here at New Casinos, you will find all the casinos which we review have been tested for their licensing authenticity so that you can enjoy safe gambling with your Ethereum.
4. Are there fees associated with Ether transactions?
There are very minimal or zero fees associated when using Ether for your online casino transactions.
5. How fast can I withdraw using Ether?
Withdrawing or depositing using Ethereum is very fast and easy, it’s just the same as using a standard currency with one huge difference: when withdrawing, you’ll receive your winnings within minutes back to your eWallet.
6. Are there any risks involved with using Ether?
Due to Ether being a volatile currency, dependent on market activity- the main risk involved would be of the currency falling in value, though it can also increase, making your online casino winnings worth more from day today.