Ethereum is one of the most popular cryptocurrencies. Many crypto enthusiasts use it at work (trading, mining, selling NFTs, etc.) and in everyday life to pay for goods and services. Most Ethereum casinos are top-rated because they have many advantages over regular gambling clubs.
What makes crypto casinos popular?
Firstly, interest in crypto has been growing tremendously over the past few years. Initially, this was seen solely as a way to circumvent government regulation, and many thought that only scammers use it. However, it gradually became clear that this is a very convenient tool that allows people to earn a lot of money. So, the first bitcoins cost only a few cents, but at its peak, the price of this asset reached 68 thousand dollars apiece.
In addition, crypto technologies have grown into an entire industry. Today, there are many ways to make money on cryptocurrencies, and one of the most famous is the creation of NFTs. It is an excellent opportunity for artists and musicians to sell their work many times more than they did in advance. NFTs are bought and sold with Ethereum. This currency’s blockchain has excellent smart contracts that protect data and transactions perfectly. It is also worth saying that many celebrities seek to popularize crypto technologies. As a result, the number of crypto enthusiasts who use ETH is snowballing, and they want to use it to pay for goods and services and play in the casino using their favorite assets. It allows them not to spend money on currency conversion.
However, using ETH for online casinos has several other advantages:
- Ability to circumvent government regulation;
- Instant transactions;
- High level of protection;
- Low cost of transactions;
Let’s look at the above benefits in more detail.
Ability to circumvent government regulation
Some countries find it easier to completely ban gambling than to develop the correct legislation regulating it. You can get around this using cryptocurrencies if you prohibit gambling in your country. So, if no casino accepts your national currency, you can easily use cryptocurrencies. They are not tracked at all.
Nobody likes to wait; if earlier players had to wait about a week for the money to go to their bank card, they could instantly withdraw winnings thanks to cryptocurrencies. It takes no more than 30 minutes from when you requested a payout to when you receive money for your crypto wallet. The hitch is connected only with the fact that the casino wants to check how legally you received the winnings, whether you used previously prohibited programs, and so on.
Many hackers intercept transactions from the casino and take the winnings for themselves. With cryptocurrencies, this situation is impossible. Such transfers cannot be traced and intercepted.
In addition, thanks to the blockchain, all transactions on your account are recorded, so none of the casino’s employees can penetrate your account and deduct money from it.
Low cost of transactions
Some payment systems, for example, bank cards, charge a large commission for their services. Sometimes you can give 5 to 10% of the transaction amount, which is inconvenient. Ethereum also charges for its services, which are purely symbolic and range from 0.5% of the transfer amount. Even if you win the jackpot, it won’t be too much for you.
Many crypto enthusiasts prefer to play anonymously. They do not want anyone to know that they love gambling or that their data fell into the hands of third parties. The problem is that hackers deliberately attack casinos to obtain data about players and use them later for blackmail or other benefits.
If you play with cryptocurrencies, you do not need to provide accurate data, and in some casinos, you will not even be asked to verify your account. Thus, you can completely secure your data.
Which crypto casinos deserve attention?
Today, there are a considerable number of casinos that accept cryptocurrencies. It is one of the keys to the successful development of the crypto business. Among the most famous crypto casinos are:
- Bit Starz;
- Joo Casino and some others.
Some of the above platforms combine an online casino and a bookmaker where you can bet on sports in cryptocurrency. It is incredibly convenient for crypto enthusiasts who follow the events in the world of sports and easily guess the winner of the match.
In addition, make sure the casino has many gambling activities where crypto bets are available. The fact is that some casinos that accept deposits in cryptocurrencies do not provide their customers with a large selection of slots, roulettes, blackjacks, live casinos, and other things. So, before you register on the site, you should find out in advance what games of chance you can play here using crypto. We advise you to find the limits for depositing and withdrawing money immediately.
You can learn more about popular crypto casinos at https://ordb.org/. This platform collects all the necessary information about various clubs’ activities; specialists try registering and gambling, depositing and withdrawing money, and communicating with the support service. It allows them to put together the most complete and honest picture of the work of online casinos. In addition, you will find many real reviews from users about online casinos, which can often tell even more information.