The Best Ethereum Casinos

For anyone who is not technologically inclined, making your first deposit at an Ethereum casino may sound daunting. But it is not as intimidating as it may seem. Pick one of the best Ethereum casinos below, and the process is guaranteed to be smooth.

To help you demystify the problem and get started, we have simplified the process into four easy steps:

Step 1: Buy ETH tokens.

Before getting started, you need to purchase Ethereum. You can either do this using fiat currency or another digital asset like Bitcoin. Depending on your choice of currency, find a fiat-to-crypto or crypto-to-crypto exchange platform.

Once you choose an exchange, create an account there and make a deposit using your currency of choice. After making the deposit, buy Ethereum tokens.

Step 2: Find an Ethereum casino.

There are plenty of online casinos that accept payments in ETH. Find one that best meets your needs and preferences. Some of the things to consider include the games on offer, available bonuses, security features and payout speed among other things.

Step 3: Create an account.

Follow the set-out procedure to create an account on the casino. In many cases, you will simply need to enter your email address and username in order to sign up to most Ethereum casinos. Once you complete the requirements for the account opening, you will have a deposit address. Find it in the cashier section of your account and copy it.

Step 4: Make a deposit.

Go to your Ethereum wallet and enter the deposit address in the destination field. Specify the amount you want to deposit, confirm transaction details and complete the transaction. You should have the funds in your Ethereum casino account within minutes.

Ethereum gambling is a rapidly growing industry thanks to the growing popularity of the Ethereum blockchain. The reason for Ethereum’s rise to fame is a result of the “smart contracts” which the blockchain enables – creating what is known as the Ethereum Virtual Machine (EVM). These smart contracts are showing signs of disrupting the online gaming market as they remove the need for trust between the player and the casino.

Ethereum has also earned its popularity as an alternative payment currency to Bitcoin. Both of these crypto-assets provide similar benefits in terms of security and anonymity, however it is currently possible to deposit and withdraw Ether in much shorter time frames. Those looking for a “faster Bitcoin” would do well to use Ether as their currency of choice. Get logged in to your favorite Ethereum casino and get started.

The smart contract technology (explained further below), as well as its benefits as a cryptocurrency, combine to create the perfect deposit and withdrawal method for many players and casinos.

Gambling with Ether comes in two different forms. The first, and currently the most common, is the ability to use Ether as a deposit and withdrawal method at various online casinos. This works in the same way to Bitcoin and provides an alternative payment method to traditional fiat currency (USD, EUR, GBP) transactions. This type of Ethereum gambling is the easiest to understand and the most popular. Our list of the best Ether casinos above all support this method of gambling with the cryptoasset.

The second approach to Ethereum gambling is the use of smart contracts to place bets. Currently, there are a number of casinos which operate entirely on the Ethereum blockchain. Instead of sending Ether to your casino’s wallet address, you send the ETH directly to a smart contract. From this point, the smart contract generates randomness and pays out based on whether the player wins or loses. Some advantages to smart contract betting in Ethereum are:

1. The casino does not hold your funds at any point, so there is no risk of loss
2. Payouts are made by open source code and cannot be interfered with
3. Payouts are immediate. No matter how large the winnings, you are guaranteed to get paid and paid fast!

Currently the only major downside to gambling with an Ethereum smart contract casino is that each bet takes time to process. Due to technical reasons surrounding the security of the blockchain, each bet will require at least 1 block confirmation (roughly 15 seconds) before the winning bet can be decided. For larger bets, it is possible that the wager can only be processed after several block confirmations, which could take many minutes. Gambling with Ether in this way would put off many players who are happy to place their trust with a traditional casino in return for faster betting.  Ethereum casinos are one of the most efficient platforms to gamble at, providing players with all the benefits in a faster time. 

However, the problem of waiting for block confirmations is slowly being resolved. Casino protocols like FunFair.io are developing “offchain” payment channels to handle bets without requiring a block confirmation for each bet. These payment channels take the strain off of the blockchain without significantly compromising security. As a result, the promise of smart contract betting is becoming ever more likely to reach a mainstream audience in the years to come.

In November 2018, FunFair announced their first casino brand to launch using their Ethereum state channel technology, CasinoFair.com. However, the vast majority of smart contract casinos listed below will require at least 1 block confirmation. That said, this is still the most secure way to bet at an online casino – all thanks to the Ethereum Virtual Machine.

Now that you have some funds in your Ethereum casino account, it is time to get into gaming mode.  Some of the top in-house Ethereum casinos include options such as BC.Game, Roobet, and Betfury.io

Here are some of the most popular games that you can play with ETH:

Dice

Ethereum dice games are simple yet exciting. Basically, you need to place a bet on the outcome of a rolled dice. What makes it especially thrilling is that the possibilities are virtually endless. On some sites, the outcomes range between 0 and over 60,000.

Depending on your risk appetite, you can adjust the parameters of your bet. For instance, you could bet on the dice falling on a number below 10,000.  Dice is easily one of the best Ethereum casino games to play, providing high rewards and endless enjoyment.

The game is provably fair which means that you can verify whether or not the number is truly randomly generated. Moreover, since the game runs on smart contracts, the entire process is automated. If you win, the funds will be automatically transferred to your ETH wallet address.

Ethereum casinos often have an enticingly low house edge on the game, with some being as low as 0.8%.

Roulette

You can also enjoy playing “The game of the aristocracy” with Ethereum. The objective of the game is to predict where the ball will land on a roulette wheel. Roulette wheels typically have 37 numbers, with the American version featuring 38 numbers.

Similar to regular roulette, Ethereum roulette allows you to bet on one or more outcomes. Each of the outcomes offers a different pay. But your wins will also depend on the table limit as well as the bet amount.

Unlike a regular roulette, the outcome of this game is provably fair and the betting options on some platforms are unlimited.

Blackjack

Blackjack has been in the market longer than most casino games. Fortunately, Ethereum lovers can find it on ETH casinos. 

The aim of this game is to create a deck that totals 21 or comes as close to it as possible. However, it must not exceed this number as that would be a loss.

Unlike a majority of Ethereum casino games, Blackjack is not a game of chance, but rather, one of skill. There are many variants of this game on offer and you can be sure to find one that suits your abilities.

Jackpot Games

To take your Ethereum betting adventure to a whole new high, you could try your hand out at ETH jackpot games. While jackpot games are rare, they offer a much higher winning potential. There are two main types of Ethereum jackpot games, fixed and progressive.  There are man Ethereum casinos on the web that have invested in the jackpot games. To find your fit, take a look at the top Ethereum casinos listed below.

Progressive jackpots keep growing over time until someone wins. As such, they can become really big. On the other hand, fixed jackpots have a fixed ETH lump sum for the winner. Some Ethereum games have multiple types of jackpots.

One of the first steps in a player’s journey into Ethereum is to purchase the cryptocurrency. Once purchased, Ether can be stored in the user’s wallets and deposited at their casino of choice. There are numerous methods for buying ETH, whether its through PayPal, debit/credit card or with another cryptocurrency. This page will not go into the detail of how to buy Ethereum as the subject is already covered extensively by EthereumPrice.org. Instead, let’s take a quick look at the various ways to get hold of ETH.

Ethereum Exchanges

An Ethereum exchange is the most common route for users to get hold of the cryptocurrency. An exchange allows users to buy and sell ETH and other cryptocurrencies across dozens of markets. Buying Ethereum with USD, GBP, EUR or BTC is often accepted at an exchange. The following exchanges have been most highly recommended:

• Coinbase.com – purchases are accepted in the vast majority of countries including the US.
• LocalEthereum – anonymous peer to peer marketplace where payments can be made in PayPal, credit/debit card or even cash.

Ethereum Wallets

With Ethereum now procured, it is advisable to store the funds in a wallet that is controlled by you. By taking ownership of your Ethereum private keys, your funds are not left to the mercy of a potentially vulnerable or malicious exchange. These private keys are effectively the password to your ETH and the following wallets secure those private keys safely whilst retaining their accessibility. These are the best ETH wallets for Ethereum casinos.

• MetaMask – the world’s most popular browser-based wallet
• Gnosis Safe – store your tokens in a secure enclave within your smartphone

Interacting With Smart Contract Casinos

This page mostly deals with Ethereum casinos that accept ETH as a deposit and withdrawal method. It does not, however, consider the use of smart contract casinos. These casinos are ones which accept ETH deposits, generate randomness and return the funds to either the house or the player depending on the outcome. The smart contracts with which these operate are open source and publicly auditable, meaning that anyone in the world can verify the randomness and fairness of a game.

To interact with one of these smart contract casinos, a player should download a browser wallet like MetaMask (available as an app on iOS and Android too). With MetaMask installed, a user can quickly and easily make transfer ETH to the casino’s contract wallet in order to play. Some of the most interest smart contract casinos available today are:

• PoolTogether – a “no-loss” lottery which rewards a lucky play with the interest earned from a pool of funds
• CasinoFair – your typical casino but powered by smart contracts

Ethereum vs Bitcoin Gambling 

Take a look at the major differences between Ethereum and Bitcoin Gambling.

Coinbase

Accessible to users in more than 55 countries globally, Coinbase is currently the world’s largest Bitcoin exchange. As such, it has high liquidity as well as high purchase limits. It has an intuitive user interface that aims to make the purchase process easy for beginners.

It supports the use of credit/debit cards as well as bank transfers. However, the rates are relatively high with card purchases attracting a 3.99% fee and 1.49% for bank transfers. Your account limits will depend on the extent to which you verify the information provided.

A fully verified user can buy crypto worth up to $50,000 every day. Coinbase supports multiple cryptocurrencies including Ethereum, Bitcoin and plenty of others. Since it is based in the US, it is considered a safe exchange. This is because it has to adhere to the stringent requirements of the US State and federal regulations.

Binance

Founded in 2017, Binance is one of the top crypto exchanges globally. At the onset, it was merely a crypto to crypto exchange. But in January 2019, it introduced support for fiat to crypto transactions under its Binance Jersey platform. 

Account creation on this exchange is quite easy and straightforward. If you do not fancy going through the verification process, you will retain a level I account. Here, the daily withdrawal limit is 2 BTC. It is one of the most competitive exchanges in terms of fees, charging a 0.1% fee on all trades.

Binance supports plenty of cryptocurrencies including countless minor tokens. It also has its own native coin, Binance Coin (BNB). Even though it does not give details of its security measures, it is considered safe. Notably, it survived a hacking attempt in March 2018.

Kraken

Established in 2011, Kraken has had plenty of time to create a reputable name and a considerable following. It is based in the US and offers regulatory compliance as well as a measure of security.

Opening an account here is quite simple as you do not have to undergo the KYC procedure. However, without verification, you cannot use fiat money and crypto withdrawal limits will be low. 

Fees are also highly competitive, and the more you transact, the lower the rates. At present, low-volume account holders pay between 0.16% and 0.26%. However, its user interface is relatively complex and not ideal for beginners.  For the Ethereum casino enthusiasts that have been around for a while, this is the perfect add-on to your gamble.

Ethereum casinos have introduced a whole new set of dynamics to the online gambling space. In addition to the general benefits of blockchain gambling, the possibility of smart contract casinos opens up plenty of possibilities.

Little wonder, there are more and more casinos embracing the use of Ethereum in the industry. With the passing of time and implementation of scaling solutions in the ETH network, Ethereum is likely to gain even more widespread adoption. And with that, players will enjoy plenty more benefits when gambling using ETH at any Ethereum casino.