Ethereum Gambling Sites

So, you want a list of safe Ethereum gambling sites but don’t know where to start?

Luckily for you, it's our job to discover these sites, vet them, eliminate the bad ones, and maintain a constantly updated list of the best.

At casino-guide.biz we are specialists in online gambling, and among our team members we have a specific expertise that focuses on gambling with cryptocurrencies. Today, we are going to focus on gambling with Ethereum.

If you are an experienced Ethereum gambler, you can choose from the top betting sites that accept Ethereum listed below. If you are not quite sure how to use Ethereum for gambling, or want to learn more about the pros and cons of doing so, you will find a wealth of excellent and informative resources below.

Why Are These the Best Ethereum Gambling Sites?

When we come across betting sites on Ethereum, we have a review process that we put them through before we give them our recommendation. You may know from your online gambling experience that some sites are simply better than the average. In fact, there are only a few that are far superior to the rest. It is these top Ethereum gambling sites that we aim to identify and advocate.

You can access the full reviews for all of the above platforms to delve deeper into their specifics. However, we can reveal that these sites share some commonalities that point to some trustworthy avenues in your platform search. Here's what they have in common.

Why Play at Ethereum Gambling Sites?

Gambling with cryptocurrency is becoming increasingly popular, and since Ethereum is one of the most widely used cryptocurrencies, it stands to reason that there are numerous Ethereum gambling sites being established.

Why choose Ethereum over standard payment solutions like Neteller or Skrill? We see it as a two-sided coin with some good reasons on one side and some not-so-good reasons on the other.

Since we are a site that prioritizes objectivity and primarily aims to inform you so that you can make your own best decisions (instead of, say, leading you down the garden path), it only makes sense that we show you both sides of the coin (pun intended).

(1) It’s WAY Faster Than Bank/Card Transfers

Using Ethereum for gambling will expose you to a level of transaction speed you may not have experienced before, especially if you have only worked with traditional fiat currencies. With Ethereum, you can send value anywhere in the world at a speed that almost always meets the standard of less than an hour.

Before we go any further, we need to acknowledge that some cryptocurrencies are actually faster than Ethereum - but that's a story for another time. However, the point is this: you can send and receive Ethereum to and from anywhere in the world, around the clock, and it will arrive in the time it takes to eat dinner.

Unlike bank transfers, which shut down on weekends and can sometimes take 5 to 7 business days to arrive, betting with Ethereum becomes an obviously smart choice.

If you’re sick and tired of waiting for what’s yours, choose Ethereum.

(2) It’s Cheap to Send and Receive

As with most cryptocurrencies, the cost of using Ethereum depends on the number of transactions that populate the network. This can range from $0.01 to $2.00, but even at the high end, this is a much better deal than you can get with some other payment methods.

Think about it: depositing money into Neteller costs 1% up front, and then another 1.45% just to move the money around. Move it to a gambling site and Neteller charges a surcharge. Compared to all this, moving money in and out of Ethereum seems downright cheap. And for high-stakes gamblers, this is a significant savings.

Transactions with Ethereum, like transactions with many other cryptocurrencies, are not cheap. But its high cost is no reason to dismiss it; in fact, if we look at what creates value for a cryptocurrency, Ethereum's many advantages become clear.

(3) Ethereum Is Highly Liquid – You’ll Cash Out Easily

Some of the smaller altcoins have the problem that it can be difficult to sell them at the price you want to cash out at. Of course, this tends to happen when there's a crash in the price of the type of crypto you hold and none of your friends are buying the type of crypto you hold. When such a sell-off occurs, holders of the type of crypto you hold tend to rush to hold more of the type of accounts that are held by the type of people who hold your type of accounts, i.e. more accounts that hoard Bitcoin, Ethereum and XRP.

You will always find someone eager to either spend or buy your Ethereum. It's not like making a phone call (it's worse than making a phone call) or even going in person to a line of people waiting to cash checks at your local bank (which you don't actually go to because you're avoiding the bank). It's better. It's like unfurling a canvas and showing it to the world on a street corner, not an empty street corner, but a busy street corner. Someone will see the Ethereum and want to take it from you. Either they'll think it's a bargain and you're up to something, or they'll think it's a hot item and want to get in before the price goes up.

If you choose to gamble with large sums of money and small altcoins, you need to be aware of this "liquidity" issue. And let's face it, if you didn't want to win big, you'd just bet with your regular old fiat. But hey, if we include the prize as one that could offer some redeeming qualities (trust me, they exist), winning an altcoin with low payout potential is not as awesome as it may sound.

(4) It’s Widely Accepted at Gambling Sites

Of the well-known cryptocurrencies, operators of online gambling sites are most comfortable with accepting Ethereum.

While not as widely recognized as bitcoin or bitcoin cash, Ethereum has a favorable acceptance rate at the majority of cryptocurrency-friendly sites. Most of the dice sites that offer gambling games for Ethereum would probably be classified as crypto-centric, and many of these sites, as well as a number of our sportsbooks, casinos and poker sites, accept bets in Ethereum.

When you bet with ETH, you're not limited to just a few specialized sites. There are many top-notch bookmakers - and plenty of them - who will gladly accept your ETH.

The Downsides to ETH Gambling Sites

Ethereum is not some mysterious technology that fell from outer space to lead us to the utopia of decentralized everything. It is not a magic potion that solves the problems of the old Internet. It is a platform that has a handful of pros and a handful of cons, just like any other platform. And before you dive into the world of Ethereum gambling sites, you should be aware of these pros and cons. I will rely on a website called "Gambling Sites on Ethereum" for a list of them.

(1) Ethereum Is Highly Volatile

We are risk-takers, and we get paid for it. Some people are obviously more conservative and like to keep the risk as low as possible. But one thing to be aware of is that while ETH can go through huge price increases, it also crashes just as hard. And when it does crash, it doesn't do so quietly. It's not uncommon to see it swing 10% on a day when the crypto markets are at their worst.

If you spent several hours grinding out a 10% profit with the perfect blackjack strategy, left it overnight, and came back to find ETH down 10%, it could really break your heart.

Keep in mind that this can also work in the opposite direction. Your winnings could increase by 10% in a single day. Just be aware of the risk. To assess the current state of Ethereum, look at the image below this sentence.

(2) Ethereum Isn’t a Privacy Coin

One of the great things about privacy-centric coins like Monero and Dash is that you can keep your bets 100% private. No one will even know you have these coins, let alone prove what you did with them.

Ethereum offers more privacy than using a credit card or PayPal account, but it lacks the additional privacy features of the coins mentioned above.

If you’re looking for anonymous gambling sites, Ethereum might not be the best choice for you.

(3) Using ETH Involves a Learning Curve

All cryptocurrencies share this trait, but we wanted to make a point of mentioning it. When it comes to ease of use, Ethereum does not hold a candle to PayPal, Venmo or even Skrill. Like them, Ethereum facilitates digital payments, but the similarities largely end there.

To ensure the safe use of Ethereum and to ensure that you do not misplace your coins, we recommend that you familiarize yourself with the following: \- Cryptocurrency wallets \- How to send funds between wallets \- Safe storage practices for your funds and wallets

The last thing you want to do is rush out and shove a few hundred dollars into the empty space of the Internet. Learn how to properly use Ethereum to play with and make this point moot.

On the other hand, if you prefer to learn things for a lifetime, you might see using Ethereum gambling sites as a learning opportunity. If you think cryptocurrencies will be around for a while, why not start understanding them now?

FAQs About Ethereum Gambling Sites