In the world of cryptocurrencies, there are the meme coins like Dogecoin and then there are powerhouses like Ethereum and Bitcoin.
Ethereum has been around for a long time, and the developers are very dedicated to creating the best currency possible. As such, Ethereum has become a popular method of payment for online gamblers. Below you can find our list of the most trusted and best Ethereum online casinos.
In this article, we’ll discuss how Ethereum works, why you should use it for online gambling, how to make an Ethereum deposit, as well as our recommendations for the best Ethereum gambling sites.
Best Online Casinos Accepting Ethereum
Every day, more and more online casinos are adopting cryptocurrencies as a form of payment. However, there are few real money gambling sites out there that make it worthwhile to hop on the Ethereum train. Here are our recommendations for the top Ethereum online casinos.
Las Atlantis
Las Atlantis might not have the largest deposit bonus for cryptocurrencies, but they certainly pack a punch when it comes to user interface and game selection.
Even though Las Atlantis has only been around since 2020, they’ve already surpassed other giants in the gambling industry with their exceptional games and website interface.
At Las Atlantis, you can play over 200 unique slot games, including new titles like Bubble Bubble 3 and Princess Warrior.
If table games are more your style, you won’t be disappointed. Las Atlantis hosts multiple variations of video poker and blackjack, plus other popular games like roulette, craps, casino war, rummy, and baccarat.
Las Atlantis’s site is incredibly easy to use and is great for new gamblers who might not know all the ins and outs of online casinos. Plus, Las Atlantis keeps up an aquatic theme, which makes navigating their site fun!
For players hesitant about Ethereum gambling sites, you can test out most of the games at Las Atlantis without signing up for an account. Simply find the game you want to try and select “demo play.” Then, you’ll be able to experience the game for free!
Why People Are Using Ethereum for Online Gambling
Online gamblers who use cryptocurrencies for deposits and withdrawals have a variety of reasons why it’s their banking option of choice.
Ethereum for online gambling is:
- Fast – Transaction speeds are quicker than Bitcoin.
- Simple – Advanced crypto technology has made purchasing Ethereum easier than ever.
- Secure – The nature of Ethereum’s blockchain makes it safe to move funds on the Internet.
- Rewarding – Online casinos often offer bonuses/promotions for crypto deposits.
- An Investment – Cashing out as Ethereum can net gamblers more profits due to the rising prices of cryptocurrencies across the board.
How to Gamble Online With Ethereum
Making a deposit at your favorite real money gambling site is fairly simple. Though, it does require a bit of setup on your end before you can actually start gambling online with Ethereum.
Follow this step-by-step guide to get started:
Step 1: Find a Cryptocurrency Exchange
You may be wondering how to purchase Ethereum to begin gambling with crypto in the first place. Well, you can use an exchange like Coinbase or Gemini to purchase crypto with USD or other fiat currencies.
Step 2: Complete the Verification Process
All crypto exchanges need some verification information to activate your account. This usually includes a state ID or driver’s license, proof of residency, and your social security number. Once you’ve finished the verification process, your account should be activated in under 24 hours. If it takes longer, you should reach out to the exchange’s customer support team.
Step 3: Purchase Ethereum
Once your account has been verified, go to the cashier option and make a deposit using your credit card, bank account, or PayPal. When you’ve funded your account, you can purchase ETH.
Step 4: Store Your Ethereum
Most crypto exchanges have built-in wallet functions, but you can use a third-party crypto wallet to more safely store your ETH. Your wallet is linked to a unique code that you will need to make a deposit at an online casino.
Step 5: Convert Your ETH Into Casino Credit
Once you’ve purchased some ETH, all you have to do is go to the cashier option of your casino site and make a deposit. They’ll ask for your wallet code, which will be used to make a secure connection between your wallet and the casino.
Step 6: Gamble Away!
When you’re ready to make a withdrawal, check your casino’s minimum withdrawal amounts. If you’re above the limit, you can request a cash out and the casino will send your winnings to your crypto wallet. From there, you can keep your winnings as ETH, or use your crypto exchange to turn them back into USD.
Comparing the Best Ethereum Casinos Online
| Online Casino | Accepts Ethereum? | Min/Max Deposit | Crypto Bonus | License |
|---|---|---|---|---|
 Las Atlantis |
Yes | $20/Unlimited | 280% | Curacao Gaming Authority |
 Red Dog Casino |
Yes | $20/Unlimited | 225% (first deposit, including crypto. Add an extra 20% for BTC) | Curacao Gaming Authority |
What Is Ethereum?
Ethereum is a blockchain-based cryptocurrency very similar to its rival, Bitcoin, with the difference that it can be used by developers to create their own apps and altcoins. Ethereum tokens are referred to as Ether.
In 2013, Ethereum was created by a group of founders, one of them being Vitalik Buterin. The idea behind the cryptocurrency was to create a platform where developers can build businesses and decentralized applications that rely on smart technology.
Ethereum is what’s known as a decentralized currency. This means that the currency is not controlled by any one person, group, or government. Instead, Ether runs on a network of computers around the world that all work together to perform functions such as running apps, tracking ownership, and processing monetary transactions from one person to another.
Cryptocurrencies, especially Ethereum, are great options for online gamblers who are looking for a secure and fast method of payment.
How Ethereum Works
Ethereum transactions utilize a peer-to-peer network and a core operating system. These transactions are verified by network users who are rewarded when they find the correct block. They also have to compete with other miners to find the correct block. This is called “mining.”
When you make a transaction using a traditional payment method, like your credit card, the transaction is verified by the institution. These interactions are often subject to corporate and federal scrutiny. As such, the level of anonymity the user has is very low. Plus, all of this information is stored on the bank’s servers, which can be accessed by members of the bank or hackers looking for an edge over the institution.
With cryptocurrencies such as Ethereum, transactions are verified across the network of users, and each transaction is documented in the blockchain ledger. That means there’s a record of the transaction, but no one person can interrupt your transaction or access your personal information.
Ethereum vs. Other Cryptocurrencies
Bitcoin has long been the primary cryptocurrency of choice for online gamblers, However, Ethereum is quickly gaining traction as an online payment method because it has more access points than Bitcoin.
The main difference between Ethereum and Bitcoin is the processing speed. For example, the transaction processing speed of Ethereum is far faster than that of Bitcoin, which makes it an ideal cryptocurrency for making deposits and withdrawals at online casinos. Bitcoin can verify transactions once every 10 minutes, whereas Ethereum verifies transactions every 5 minutes.
Another big difference between Ethereum and Bitcoin is the environmental impact. Cryptocurrencies like BTC have sparked the debate over power consumption and the ethics of mining crypto. Each BTC transaction consumes about 1,500 kWh of electricity, and the sheer volume of BTC transactions each day drives that number up.
The Ethereum developers have been optimizing the crypto to consume less power per transaction. So far, they’ve managed to cut Ethereum’s power consumption by 99%.
Bitcoin is still considered the gold standard of cryptocurrency, which is why online casinos that accept cryptocurrencies still choose to integrate with Bitcoin first. However, Ethereum is a viable alternative that allows for a more flexible and convenient experience while keeping the safety of our planet in mind.
Terminology for Online Gambling With Ethereum
Fiat Currency – Fiat currency is the official currency of a certain area, like US dollars or euros. It’s controlled by a central entity (like the government), and it usually has low volatility.
Blockchain – The blockchain is an electronic ledger that records every transaction made with crypto coins.
Smart Contracts – Smart contracts are an integral part of the Ethereum network that allows peer-to-peer transactions without a middleman.
Decentralized Currency – Cryptocurrencies are decentralized, which means that they’re not controlled by a central entity like banks or governments.
Proof of Stake (PoS) – The Ethereum developers were looking for ways to make the network more efficient and eco-friendly. So, they introduced Proof of Stake (PoS), which is similar to how mining works with BTC. However, PoS is much greener because it doesn’t require large amounts of electricity.
Cryptocurrency Exchange – An online marketplace where users can buy, sell, and trade different cryptocurrencies.
Cryptocurrency Wallet – A wallet is similar to your email address or your bank account. It’s used to send, receive, and store digital coins.
Ether – Ether is the official crypto coin of the Ethereum network. It’s one of the key blockchain-based technologies that makes it possible to run decentralized apps on the network.
Other Popular Online Casino Banking Options
If you are still trying to figure out what the best banking method is for you, check out some of the most popular options below. No matter which you choose to use, you want to make sure that you feel comfortable with it when moving your money in and out of online gambling sites.
| Deposit Method | Availability? | Fees on Deposit? | Advantage |
|---|---|---|---|
| Bitcoin | Very Common | Rarely | Fastest and lowest fees |
| MasterCard | Very Common | Rarely | Simple and straightforward |
| VISA | Very Common | Rarely | Very reputable option |
| AMEX | Very Common | Rarely | Secure transactions |
| Cash App | Very Common | Rarely | Can act as a Bitcoin wallet |
| Wire Transfer | Sometimes | Rarely | Good for larger sums of money |
Ethereum Casino FAQ
If you are still what Ethereum is all about and why you should consider using it for online gambling, be sure to check out the most frequent questions that we get about ETH online casinos below.
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Ethereum Has Been Hacked Before, Is It Really Safe?
Cryptocurrencies are one of the most secure money-moving methods available to online gamblers. That doesn’t mean there’s a 100% guarantee about its safety—nothing is ever 100% secure. Hackers are paying a lot of attention to cryptos because those currencies aren’t insured by the federal government. However, since the notable Ethereum hacks in 2016, cryptographers and the Ethereum developers have updated their network, locking in the safety of the crypto.
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Should I Use Ethereum or Bitcoin For Online Gambling?
There are benefits of both cryptos, and it really comes down to preference. There are currently more online casinos offering bonuses for Bitcoin deposits, but that doesn’t mean you’re restricted to using only BTC. Once you own some crypto, it’s fairly easy to exchange it for another currency, so why not cash in on all the opportunities?
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Is Using Ethereum for Online Gambling Legal?
Yes. While gambling laws vary from state to state, there is no federal law that prohibits the use of cryptocurrencies for online gambling. If you have any concerns about legality, feel free to contact a local gaming lawyer in your jurisdiction.
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If I Win Big, Should I Withdraw My Payouts With Ethereum?
Again, it’s a preference. Most Ethereum online casinos want you to withdraw using the same method you used to make a deposit. After that, whether you want to turn your Ethereum into USD or keep it in your wallet as an investment is up to you.
