Ethereum and its impact on gambling
The main reason Ethereum is considered an important crypto is obviously it's increased circulation and use. Therefore it's easy for you to purchase and play with it using any realy crypto exchange. It's biggest advantage over Bitcoin is speed, being able to process fifteen transactions per second. It also addresses the rising challenge of scalability in cryptocurrency by making its native cryptocurrency ready-to-use digital money.
As of writing this article, ethereum has a circulating supply of 122,169,636.69 ETH and a market cap of $194,632,654,068, making it the second most ranked currency to Bitcoin.
In the gambling industry, using ethereum to play online games results in much quicker transaction so the entire experience of yours changes. ETH is so amazing, it's possible to build an entire casino Ethereum technology and some people do. In addition, it is fully decentralized meaning you don’t have to pay any fee to authorize transactions on the ethereum blockchain since it is an automated system. However, you do have to pay the blockchain maintenance fee, which is lower and more affordable compared to most coins. Then as most casinos using cryptocurrencies, Ethereum casinos offer enhanced anonymity, excellent user experience, safety and often provably fair games.
Despite all its blessings, like other cryptocurrencies, Ethereum is volatile, with very significant highs and lows; therefore, players can take advantage of the volatility in ETH to get larger payouts at Ethereum casinos but if they aren't careful this might fire back. This angle doesn't seem to bother hybrid casinos which like Bitcoin are adding Ethereum in their offering.
After having briefly mentioned the characteristics of Ethereum and how it affects onlince gambling we present the four best Ethereum casinos according to our tests and tastes.
Launched in 2013, the Cloudbet Casino is one of the best and oldest Ethereum sports betting and crypto casinos. Cloudbet always boasted for its superior product compared to most crypto casinos and to continue doing so it doesn't stop improving it. ETH was introduced as a new Cloudbet coin a few years ago. The reasons we have it on the top of the list are following.
When it comes to licensing Cloudbet is regulated by the Curaçao eGambling authority and E-gambling Montenegro authority, ensuring its player’s safety when using the platform. This dual licenses scheme while it has been done mainly for increasing the number of available countries for the brand, it ads to increased controlled and accountabilty of the operator.
From a technical perspective, Cloudbet keeps all players' deposits in cold storage and hot wallets are used only for daily transactions and play. Their system employs such as Secure Sockets Layer (SSL) and Two Factor authentication (2FA), to ensure the safety of its players and their coins
Cloudbet established its verification procedures within Anti-money laundering standards and the Know Your Customer (KYC) framework a while ago. In a matter of fact, when the brand started doing so, many players were not happy with this decision and you can find evidence online. Its understandable especially why some US based whales reacted this way but overall this is good for the players' experience. Following the law despite a few inconvenienses, result in better protection of the players.
Thus, it requires you to provide independent and reliable source documents such as your National ID, international passports, and sometimes bank statements for the verification process which usually occurs upon withdrawal. Cloudbet takes steps to check for the records' originality by making a contract with Jumio corporation to provide KYC verification.
Apart from Ethereum, Cloudbet offers many different payment options in cryptocurrencies with the total number being thirty one and including of course popular coins like Bitcoin, Doge, Litecoin and others.
Cloudbet has also partnered with Moonpay wallet so anyone who doesn't have any cryptos available can easily purchase some using a credit card. Only for purchases though as withdrawals can be made in cryptocurrencies only. Unless an alarmed is raised though, both deposits and withdrawals take around five to ten minutes to process.
Cloudbet many games players can play, from classic games made from big software companies (and they have more than twenty games providers) to the latest crypto games launched from. The following are some categories of games provided by the brand:
Table games and slots: thousands of slots and jackpot slots, including the most popular table games like poker, blackjack, rouletter, andar bahar, baccarat. The table games and slots include crazy time, monopoly big baller, majestic king, blackjack lobby, blackjack Leo and many more.
Live dealer: an established crypto like Cloudbet provides some of the most popular live classic table games with live hosts and multiple huge offers. Some of the games include blackjack, roulette, and baccarat and once again from top tier operators like Evolution or Pragmatic.
Crypto arcade: like the name sounds, Cloudbet offers you the opportunity to bet with Ethereum on crypto casino games in a provably fair crypto arcade. Games you can bet on include Aviator, Hilo, Keno, Goal mines, Dice, Plinko, Mines, and Mini Roulette and crypto aficionados love.
Cloudbet customer support is always available via live chats or email. Both are pretty fast and helpful to respond to. As with most crypto casinos, players can easily reach members of the casino's team on social media with Twitter and BitcoinTalk being the best places to do.
It is worth making a separate mention on the Cloudbet blog. The owners have spent a lot of time, money and effort in creating a collection educative content enabling players to learn the games they play much better. Naturally there is a lot of promotional content too but some sections of the blog, particularly the Betting Strategy and In the Cloud have a lot of helpful information.
Cloudbet understood early on the importance of community for crypto casinos. They announce all their new campaigns on BitcoinTalk whether that's for casino or a sports event. Their feed if regulalry updated and should you make a complain based on facts they will reply to you. The same goes on Twitter or other crypto gambling portals.
Established in 2020, CryptoGames is an online casino platform that offers crypto gambling in simplicity and Ethereum is part of it.
Cryptogames is operated by MuchGaming B.V, a Curaçao-based private company, and as expected holds a Curaçao eGaming license. Games on the website are provably fair, which means games are open to prevent rigging or other players from cheating. User's funds are kept in cold wallets with publicly visible addresses, so everything is done to keep the player's peacew of mind.
A two-factor authentication method to avoid illegal or third-party access to your account is also provided for those who want one.
Cryptogames verify your identity voluntarily and automatically. It requires you to voluntarily provide personal information such as national ID, contact details, financial statements, and scanned documents to be eligible to play and use the website. In addition, Cryptogames generates and verifies users' data when they visit or use the website.
Cryptogames support varieties of payment options, and most are instant. Players can choose among the following cryptos: Ethereum, Ethereum Classic, Bitcoin, Litecoin, Solana, Dogecoin, Monero, Bitcoin Cash, Dash, NeoGas and the casino's token PlayMoney (PLAY).
While deposits are only allowed in cryptos Crypto.Games offers an alternative to those wishing to purchase crypto with their bank card. The casino has partnered with Onramper a crypto wallet which can be added as an extension on your browser and purchase the coins of your choosing without having to leave the casino.
There is also a coinswitch integration with which deposited altcoins are instantly converted to supported currencies such as Ethereum and Bitcoin. You can decide how fast you want your winnings to be verified and paid; however, fast transaction approval implies higher network fees.
Crypto.Games game offering is what one would call laconic. It offers a version of dice, roulette, blackjack, keno, minesweeper, videopoker, plinko, slot, dice V2, and lottery. So for players wanting numerous games picks, they should avoid this one.
Cryptogames support via zendesk tickets to its players. Not ideal for some but very effective. Also while the casino doesn't offer live chat, there is a group chat open to all players where they can discuss anything including raising problems to the attention of the casino. It is used to promote game updates and promotions to the players as well.
Cryptogames is generally an excellent crypto casino. With the simple but easy to have fun and cashout approach has managed to deliver a great product for the audience it caters. As a result, the crypto community has embraced their project. It's impossible to avoid unsatisfied players posting their experiences online but we didn't manage to find a credible open complaint online.
Launched in 2017, Stake has been one of the web's best crypto casino gaming platforms. It offers over 3000 casino games from the best software developers in the gaming industry, the interface is easy to use, provides an excellent user experience and attractive features. Overall, the casino's product has nothing to be envious of known regulated brands. Also, it's worth bringing up the brand's partnerships with the Premier League legends Everton FC and Watford FC. Lastly, it's first crypto casinos which has managed to hit an annual turnover over a billion American dollars. This should be enough of credentials to trust Stake casino and sportsbook.
Stake takes measures to protect your data and funds once it receives your transmission. It protects your personal information from loss, unauthorized access, misuse, disclosure, and modification using Secure Socket Layer (SSL) technology, password-protected technology, and databases.
You must verify your account and identity to enjoy more services and prevent fraudulent acts. Stake takes very seriously the verification process which involves sharing documents such as national ID, passport, and proof of address to customer support. Nothing that you wouldn't meet in other Curaçao based casinos. Customer support then verifies your identity within the specified time, which could take from 24 to 72 hours.
As all big crypto casinos, Stake has inversted in adding multiple coins in their offering. The available coins, apart from Ethereum, at the moment are Bitcoin, Litecoin, Ripple, Dogecoin, Tron, Eos, Bitcoin Cash, Binance Coin, ApeCoin, Dai, Chainlink, The Sandbox, Shiba Inu, Polygon, Uniswap and Tether. Similarly to Cloudbet, if a players doesn't want to use a crypto exchange to purchase crypto, he can do on Stake thanks to their partnership with MoonPay.
The deposit process is instant while it takes about 30 minutes to get your winnings paid to your crypto wallet after the request is received.
There is no game a player might want and not find it on Stake. The games are nicely broken into subsections and players can add their favorites in the list. We grouped them into the following teams
Stake originals: those can be found on the tabs under Stake Originals and Stake Exclusives. These folders have crypto themed games which are provably fair some are: Dice, Pinko, Mines, Crash, Limbo, Hilo, Keno, Wheel, and the latest stake original, Tome of Life.
Slots: woud fall under the tabs of Slots and their total number is 2950 games so we are sure you'll find something to play in there. Some famous examples are Sweet bonanza, Gates of Olympus, Sugar rush, Wanted dead or a wild, Black bull.
Table games: can be found under Table Games, BlackJack, Baccarat and Roulette. In essence the Table Games tab incudes the rest so no need to search further.
Live dealer: under the same name tab and it includes than the standard table games offering. You can find Dragon Tiger, Football Studio, Deal or No Deal and many other games, all from top level providers so an excellent gambling experience awaits you.
In the tab under Feature Buy-In you will find games which you can play without a balance. Some are regular casino games while other remind more Candy Crush. It's a part of the casino worth visiting more to relax.
Nothing unusual here. Stake can be contacted via live chat and email and their response times are pretty fast. Within minutes for chat and a few hours for email depending on when you send the email.
The community flags stake to be dishonest because odds are manipulated during gameplay. Also, the community complained about difficulties in getting your winnings to your crypto wallets. However, Stake has taken measures to prevent problems during payment, and it provides a blog section for its community and a forum for gambling and online games discussions.
BitBet is an online gaming platform that allows you discreetly and quickly deposit funds and withdraw your winnings using the supported cryptocurrencies. Established in 2013, BitBet offers you maximum security and safety while playing your favorite online casino games.
Bitbet has taken the 100% anonymous crypto approach, no license, only crypto, limited games and freedom accepting openly American players. This freedom which grants you the possibility to place big bets and play as you wish comes with limited safety checks.
Nevertheless, the brand offers certified fair gambling in other words provably fair games and is a very proud sponsor of BitcoinTalk this priviledge is something very very few crypto business have an even less crypto casinos. Namely BC.Game and BetCoin are the other ones in the list. This reputation and long presence of BitBet in the market, is the best guarantee you will get, better than any piece of paper.
The first thing you need to verify before accessing you accound is your email. Then instead of a 2FA the crypto casino goes old school and asks you to choose a security question like your mother's maiden name. It might strike to some as a bit odd but it offers the security you need without involving your mobile phone. Then you are free to play.
The available coins on BitBet are Bitcoin, Bitcoin Cash, Cardano, Cosmos Atom, Dash, Lutecoi, Polkadot, Ripple, Stellar and of course Ethereum. Thanks to cryptos transactions are processed and verified almost immediately. As expected, BitBet has partnered with some of most reputable crypto exchanges to facilitate people in purchasing cryptos. These are Binance, Coinbase and Crypto.com.
The withdrawal options are identical to deposit options.
Unlike other online casinos, BitBet only offers 11 casino games but those are the games crypto players want; craps, baccarat, poker variations, blackjack, roulette and a few slots. What else do you need anyway? So like Crypto.Games earlier, their game offering is laconic but that with pure crypto brands whose focus is on privacy on anonymity rather than a rich but limited in terms of gameplay and freedoms casino product.
BitBet offers customer support services via Skype and a ticket alert. The customer support teams can always attend to your request about gambling on the platform.
Brands like BitBet are among the crypto community's favorites. It doesn't look fancy like Stake or Cloudbet but it's honest towards the community and that's all they want. Provably fair games are available to keep players happy and quiet and payments are processed when it should. That's why you will find legit complaints about the brand online.
Some claims were made in 2017 that the brand was shutting down but five years later and it's still here so evidently even those complaints werent valid.
Ethereum is becoming the currency of choice for casino players across the globe. It is fast, liquid, transparent, and addresses central issues such as scalability in the crypto industry. This article has reviewed some essential information about four of the best ethereum casinos. We have also discussed the importance of using ethereum as a means of payment in online casinos. We hope these facts help you make good decisions when picking an Ethereum casino to gamble or play for free.