Cryptocurrency and gambling are a great combination. Absolutely every player can be convinced of that. You may not even have a cryptocurrency wallet. Starting one is many times easier than opening a wallet in a centralized payment system. At the same time, the benefits of using an anonymous wallet are voluminous and undeniable.
The first online casino with payment in digital currency appeared in 2011. It was only possible to use Bitcoin. Over time, other crypto casinos opened as well. They already offered alternative cryptocurrencies, including Ethereum, the second most popular currency after Bitcoin. Already today, several hundred Ethereum casinos are operating in the online gambling market. The number of visitors to such establishments is constantly growing, so it can be argued that they are promising.
Reasons for the Popularity of Ethereum Casinos
The popularity of Ethereum as a means of payment at online casinos is relatively recent. For many years, Bitcoin dominated crypto venues. Ethereum’s fame in gaming clubs came more recently, in 2021. This year is known for the rise in value of Ethereum and at the same time the decline of Bitcoin. Needless to say, it was at this point that users finally turned their attention to the currency. With the emergence of demand, the operators themselves realized the importance of having an alternative in online casinos and started to open clubs with the Ethereum blockchain. A bit later the growth stopped and even went down, but the players have already started to appreciate the usefulness of Ethereum in online casinos. The reasons for this are many. Take for example:
- An extensive library of games to suit all tastes. The operators are innovative gambling enthusiasts, with a preference for innovative games with the most modern prize options, mechanics and more. They don’t forget about those who like classic table games, video slots, or even scratch cards. That’s why Ethereum casino such as 7bitcasino or Mirax always has the largest selection of games from video slots to instant payout games and live games
- The security and safety of Ethereum. The nature of Ethereum’s creation is open source in the blockchain and operation based on smart contracts. This allows users to receive minimal fees and virtually instant transactions. In addition, they are secured with state-of-the-art technologies in the security of financial transactions. This is why Ethereum casino guarantees users the best betting conditions
- Alternative payment options. To meet the needs of more visitors, Ethereum casino doesn’t stop at the eponymous payment option. You can probably play Bitcoin slots or Dogecoin scratch cards. Being able to choose your choice of cryptocurrencies is a great solution. As you know, most fiat online casinos do not allow the use of currencies other than their wallet currencies and this often proves to be a big problem for their customers. There is no such problem here
- Decentralization. As you know, cryptocurrency is not subject to the laws of the world. It has its laws, which cannot be influenced from the outside. This means that no casino, payment service or government authority can interfere in the movement of funds (block their movement). Players receive stable guarantees of payment of their winnings
- Low exchange rate volatility. Bitcoin has had both big ups and big downs in its history. Ethereum, on the other hand, has had no significant problems. This means that the player does not risk much by leaving their funds in the account even for a few weeks – their actual value is unlikely to change much
- The bonus terms are excellent. With little obligation to various government agencies, many Ethereum casino “savings” prefer to invest in rewards for their customers. This marketing move is quite attractive for the players themselves as well. The latter receive generous cash offers, Free Spins, reload bonuses, VIP programs, tournaments and more.
Leaving the details aside, it’s important to note that the Ethereum casino is a great option for gambling for money. While many classic online casinos continue to follow the usual path, cryptocurrency operators are adopting the latest technology and gaining even more trust and attention from players. This type of casino is perfect for those who value security, anonymity, guaranteed payouts and… freedom. Yes, yes, all the previous points combined give exactly the freedom that is not available in gambling clubs with centralized payment options.
