While most online casinos supported Bitcoin (BTC) payments from the get-go, other cryptocurrencies have been steadily gaining ground.
Being the second-largest cryptocurrency in the world makes Ethereum (ETH) a logical next choice, even more so because it has proven to be reliable, efficient, and fast.
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Although there are numerous online casinos accepting Ethereum’s native token – the ETH, we have carefully selected the seven best platforms that support this particular cryptocurrency so that you can avoid all the tedious research and get straight into the gaming!
However, before we go into detail about the casinos themselves, let’s take a look at the history of Ethereum as well as the pros and cons of using this form of payment to wager on your favorite games.
Ethereum (ETH) Fast Facts & History
Launched in January 2014 by Vitalik Buterin at the North American Conference in Miami, Ethereum is an open-source, decentralized blockchain that enables smart contracts and decentralized applications (dApps).
Buterin created the name Ethereum after he researched a list of fictional elements and eventually settled on the one which refers to the element of ‘ether.’
Over time, the Ethereum blockchain has blossomed into a decentralized global computer that is resistant to censorship and has contributed to the growth of two booming cryptocurrency sectors - decentralized finance (DeFi) and non-fungible tokens (NFTs).
The Pros and Cons of Using Ethereum Casinos
Extremely fast transaction processing times
Unrivaled privacy and anonymity
Appreciating the value of the currency
Inconsistent transaction fee
Not as widely accepted for payments as Bitcoin
How and where to Get Ethereum (ETH)
If you’ve made up your mind to use a casino that accepts Ethereum payments and you do not yet know how to acquire the cryptocurrency to make your bets, here is what you need to know:
The simplest way to get Ether for gambling purposes is to choose an online casino that offers a payment gateway where you can buy the cryptocurrency directly on the platform.
However, not all casinos have such a service and mostly require you to send some ether from an external wallet in order to begin staking. Luckily, this isn’t overly complicated either.
Aside from the above mentioned method, the best way to acquire ETH is to purchase from an online crypto exchange. According to data by CoinGecko, there are over 400 cryptocurrency exchanges and most of them trade Ether.
That said, not all are considered reliable and some may not be available in every jurisdiction.
Below are some of the best and most popular exchanges where you can get ETH.
Note: At the time of writing, 1 ETH is worth over $2,000 each. However, you can purchase in fractions of a coin equal to just about any amount of fiat currency you wish to spend.
How to Safely Store your Ether (ETH)
After getting your cryptocurrency from an exchange or taking home some winnings from an online casino, it is highly advisable that you move the coin to an external wallet for safe storage.
If you’re holding large amounts of currency, storing your ETH in a physical cold storage wallet like Trezor One or Ledger Nano S is the best way to keep it safe.
However, you can also use the popular web wallets such as MyEtherWallet or MyCrypto. The last two are free to use, just remember to store your private key off your PC and never ever enter it online aside from the wallet’s website.
Best Online Casinos Accepting Ethereum
Cloudbet is one of the best online casinos accepting Ethereum. The platform was launched in 2013 and to date, it provides what we consider the best betting experience available to crypto gamblers.
The platform is equipped with excellent security, fast deposit and withdrawal services, helpful support and customer service, good betting odds and a rich gaming catalogue that features a sportsbook, esports, casino games and live betting. At the moment, there are over 1,500 supported games.
Players can deposit ETH into their Cloudbet account from an external wallet or purchase the currency directly on Cloudbet using Moonpay.io, a reliable payment processing gateway.
At the time of writing, the minimum amount of Ethereum you can deposit from an external wallet is 0.0001 ETH, while the minimum ETH you are allowed to purchase via the Moonpay.io gateway is $20.
Launched in 2016, 1xBit is an online casino that allows Ethereum users to stake in their favorite games just as they would on fiat betting sites.
Despite its short time in the industry, 1xBit has become one of the top crypto casinos. It has succeeded in some areas where veteran bookmakers have failed, especially in having a mobile application.
1xBit only supports cryptocurrency deposits made from an external wallet, with the minimum deposit amount for Ethereum set at 0.001 ETH.
FortuneJack Casino is another online cryptocurrency bookmaker that accepts Ethereum. The site was launched in 2014 as a casino game-only platform.
However, in 2019, it incorporated other niches such as a sportsbook and esports. FortuneJack is solely focused on crypto and does not support traditional payment methods with fiat currencies. Nine cryptocurrencies, including Ethereum, are supported.
Unlike most other crypto casinos, FortuneJack does not have a minimum deposit amount, meaning users can fund their accounts with any amount of Ethereum they wish.
Betcoin is a veteran online casino accepting Ethereum payments. The platform initially launched in 2013 as a bitcoin-only casino but has since added other cryptocurrencies, including Ethereum.
Betcoin is designed for both new and veteran players and has many exciting features such as professional customer service, multi-language support, a rich catalog of casino, sportsbook, and esports games.
Unlike Cloudbet, Betcoin does not support direct purchase of Ethereum via a payment processing gateway, meaning users must fund their account with Ethereum by transferring the funds from an external wallet.
The minimum Ethereum deposit on Betcoin is 0.0003211 ETH.
This bookmaker offers one of the fastest deposit and withdrawal services for Ethereum available today. Players who are looking for an exciting gambling experience and hassle-free registration on a casino games-only platform should consider BitcoinPenguin.
BitcoinPenguin’s UI is sleek and unique, allowing it to cater to both new and existing players. You can also fund your account with Ethereum by copying the ETH address found the deposit page into your external wallet or scanning a QR code.
With BitcoinPenguin, the minimum Ethereum you can deposit is 0.005 ETH.
The Bitstarz platform was launched in 2014 and is operated by Direx NV. At the time of launch, Bitstarz only supported bitcoin, but as with many other casinos, it has since added other cryptocurrencies such as Ethereum.
Not only can players wager on interesting casino games with the second-largest cryptocurrency by market capitalization, but they will also benefit from a fast deposit and withdrawal service and the platform’s professional 24/7 customer support.
As with most crypto casinos, to bet on Bitstarz using Ethereum, players must make a minimum deposit of 0.005 ETH from their external wallet address. This can be done by visiting the ‘deposit’ section.
Mbit Casino boasts many attractive features such as fast deposits and withdrawals, strong security, a responsive UI and support for crypto payments through Ethereum and a number of other currencies.
Mbit has partnered with multiple competent game providers to offer a long-list of fun and interesting games.
The registration process is extremely simple, meaning you can start wagering within a matter of minutes. Once you’ve signed up and registered it’s simply a case of making a deposit from your external wallet and beginning your betting journey.
At the time of writing the minimum deposit allowed on Mbit is 0.0001 ETH.
Final thoughts about Casinos accepting Ethereum
Choosing an online casino that accepts Ethereum payments is a great idea due to the rapid growth of this particular cryptocurrency and its related technology.
Deposit and withdrawal are extremely fast, meaning you can generally commence with your betting journey in just a matter of minutes.
While there are many bookies that offer Ethereum payments, it is important to choose a casino that offers attractive services such as good security, top quality customer support and a solid variety of games.