Ethereum casinos ranking 2022

Today, online casinos offer dozens of payment methods, so each player can choose the best option. The online gambling industry has launched a new way to engage players and allow them to gamble more conveniently. These are online casinos that accept Ethereum to make deposits at online casinos. It is one of the most comfortable and popular ways to make a deposit. Such a way to gamble has a lot of advantages, thus, many people who know about using cryptocurrency at virtual casinos give preference to Ethereum online casinos. 

However, many people have doubts about the use of cryptocurrency, because they are afraid of leaking their information and being in danger. Many people do not trust new Ethereum casinos and adhere to the old ways of playing at gambling sites. What is the main difference between traditional online casinos where you need to deposit from your bank account or e-wallet, and Ethereum gambling sites? Why should you prefer cryptocurrency online casinos? You will find answers to all your questions in today’s article. 

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What is Ethereum?

Ethereum is a modern coin software platform based on blockchain technology. As the two leading cryptocurrencies, Bitcoin and Ethereum are often referred to in the same context. Therefore, it can be difficult for beginners to immediately understand what Ethereum is and how it differs from Bitcoin. Blockchain is the protection of Ethereum and it acts as a public ledger that records everything that happens on the network in real-time. The structure of the Ethereum blockchain is similar to what we see in Bitcoin. Thus, a copy of every transaction is distributed throughout the network, and every PC with Ethereum software on the network keeps a copy of this history.

Is It Legal to Play at Ethereum Online Casinos?

Of course, it is legal to gamble with Ethereum at Philippine online casinos. No law prohibits the use of cryptocurrency at gambling sites, so you can play safely. Gambling is officially allowed in the Philippines, so you shouldn’t worry about your safety. The exception is online casinos registered abroad, you do not have permission to play them, and it is illegal. When choosing a casino based on Ethereum technology, pay attention to the casino license (preferably PAGCOR), certificates, and agreements with casino gaming software providers. As a result, you can enjoy your favorite gambling games using Ethereum at any time.

How to Use Ethereum at Online Casinos?

In order to play Ethereum casino games, you need to create your own crypto wallet in which you will store Ethereum. You can buy cryptocurrency on various exchanges of which there are many on the Internet, such as Kraken, Coinbase, and Bitstamp. Well, these sites do not allow you to store Ethereum and you need to find a place for safe storage. All that you need is to register a crypto wallet on the site that offers online services for storing Ethereum, which guarantees the ability to get the right to access your coins from any device anytime. 

To create a wallet, you first need to decide on the location of its placement (on your own computer or the network) and then choose the most suitable one for us. During its activation, the system will require the user to enter personal data, after which a wallet number will be generated, with which you can carry out casino transactions. Many people name this the address of the Ethereum wallet. After registering the wallet, it will be assigned a 40-44 character address, consisting of numbers and Latin letters. It will be very difficult to remember it, therefore, it is worth saving it in a separate file. The wallet email address will look like this: 0x492c4afb73b290e988650b1758e7736c32af746f. You will need to indicate this address when carrying out deposit or withdrawals operations. After this, you can easily make the Ethereum casino deposit whenever you want.

Advantages of Ethereum at Philippine Online Casinos

Each method of payment for casino services has its own pros and cons. Before starting to make deposits, you should learn more about the chosen method. The use of cryptocurrency at online casinos is a relatively new and modern method. Therefore, you should know about the main advantages of using a crypto wallet in order to make the right choice. Below you can find the most important benefits of playing at crypto casinos.

Anonymity & Transparency 

Let’s start with one of the most popular Ethereum casino properties. This is an opportunity to remain anonymous and not to disclose information about yourself. Most of the traditional casinos require the user to verify the identity of the documents or ask to link a bank account with its further verification. Not everyone wants to share their personal data, and some simply do not have such an opportunity. Crypto casinos do not require the introduction of personal information, therefore, the leakage of your data is simply impossible. Your every action is known only to you. Online casinos cannot steal something from you or obtain personal information. 

The blockchain technology on which Ethereum is based provides a high level of encryption. Every transaction is recorded in a block of code that never changes and all transactions must be verified by a decentralized blockchain network. Transactions go directly from one crypto wallet to another, which eliminates the involvement of any third-party organization and reduces the possibility of fraud. 

We all know that gambling is officially allowed in the Philippines, so you shouldn’t be afraid to be exposed or limit your enjoyment. Unfortunately, there are many fake casinos with fake reviews and the purpose of obtaining personal information from players. In order to protect you, we always advise you to carefully check the gambling site before entering any information or making a deposit. If you play at reliable and top Ethereum casinos, there is still a risk of being hacked by intruders, so a crypto casino is an excellent option for those who take care of their security.

Fast Payouts

Each payment system that you choose, such as credit card payments, is regulated by government agencies. Ethereum is a completely independent currency that does not subject to the state and does not belong to anyone. Accordingly, all payments are made instantly. Sometimes, when withdrawing money to a bank card, you have to wait for hours or days, which is very inconvenient and can be annoying, especially if you want to receive your winnings as quickly as possible. Ethereum online casinos allow instant transactions and enjoy convenience.

No Fees

When you play at a casino using a bank card or e-wallet, you are always charged a commission. This is because the payment systems are subject to the state and they earn on the transactions you carry out. The cryptocurrency is not subject to authorities and is a completely autonomous system, so you will never pay any deposit or withdrawal fees. In traditional casinos, it sometimes happens that the commission is higher than your transfer. It is especially unpleasant if you withdraw a small amount of money but get very little due to the high fees. If you want to avoid such problems, you should pay attention to the online casino using Ethereum.

High Volatility 

The most important feature of the Ethereum cryptocurrency is volatility. For some, this point may seem like a serious disadvantage, but for someone, it is an advantage. The digital currency is very volatile and a serious imbalance between the deposit and the amount they ultimately receive can create certain problems for users who prefer Ethereum casinos. However, there is also a chance to benefit and earn more. It all depends on whether you are watching cryptocurrency jumps. 

The Bottom Line

Today, the number of online gambling sites that allow you to deposit and withdraw winnings using Ethereum is actively increasing. The introduction of cryptocurrency into the online casino system has become successful and is now used on many gambling sites. As you can see it is much safer and more convenient and better to play at crypto casinos. If you want to choose a reliable and interesting crypto casino, read our fair ETH casino reviews and choose the best site that suits your needs and desires.

FAQ

Is it safe to use Ethereum at online casinos?

As we said above, Ethereum is based on the blockchain, which means that every transaction is encrypted and information about it is available only to the owner of the cryptocurrency wallet. This guarantees complete anonymity and transparency.

What does Ethereum casino ranking depend on?

The popularity of a gambling cryptocurrency platform depends on player reviews, reliability, licensing, variety of games, software providers, interface, customer support services, and other factors. Before playing at a cryptocurrency online casino, research the information about it so as not to be mistaken.

Are Ethereum casinos more profitable?

Using Ethereum at an online casino is simply a payment method that does not affect your success or make your winnings more frequent. It all depends on the odds of winning, the reliability of the casino, your skills, and your luck. Of course, many people say that cryptocurrency casinos are more profitable, but let's be honest: the random number generator cannot be fooled, and the outcome in card games is based on your skills.

Can I withdraw from Ethereum casino?

Yes, almost every casino that supports cryptocurrency allows you to withdraw money to an Ethereum wallet. Nevertheless, always check the possibilities of withdrawing from the casino so that you don't get upset later.