What is an Ethereum Casino?
An Ethereum Casino is a gambling site that accepts payments via Ethereum. Notably, Ethereum is the second-most popular cryptocurrency, after Bitcoin. This explains its popularity in the gaming space. As such, you'll find tens, if not hundreds, of such casinos. Better still, there is a good number of them in Canada.
How to Find the Best Ethereum Casinos
Are you looking for a reliable Ethereum Casino? This section covers all your needs. We'll focus on the criteria you should use to pick only the best sites. Among the key areas, don't forget the following:
- License and regulations – For your safety, make sure the casino you choose is licensed by a regulatory recognized in Canada. Scammers don’t usually have a valid gaming license.
- Safety and security – Once you’ve checked the casino’s licensing information, it’s time to verify the implemented security measures. Before you sign up, ensure that the casino site uses SSL algorithms. This will guarantee your data’s safety.
- Trustworthy and reputation – While some people ignore it, reputation is a vital area in online gaming. If most players say negative stuff about a certain casino, chances are, it won't be good for you. Therefore, it's advisable to register at a reputable Ethereum casino.
- Number and variety of games – If you can't get enough gaming options, don't hit that “JOIN NOW” button. It's always wise to choose casinos with wide game selections. This is because you will most probably, find your favourites.
- User experience (app) – The best Ethereum casino for you should have a great user experience. If you can't find what you need easily, you may need to think of another casino site. And by the way, this applies to both desktop and mobile platforms.
- Ethereum bonuses and promotions – Bonuses and promotions are the least of your concerns. However, no one hates a little motivation through promotional offers, especially in Ethereum. It is therefore wise to choose casinos with such bonuses.
- Loyalty program (VIP-program) – Some real money casinos take the game a notch higher, by providing a loyalty program. Whenever you wager in such casinos, you’ll get a reward. So, it’s profitable to join such casinos.
- Customer service – Any business, especially an online one, needs a proactive support team at the help desk. Sometimes, you'll get stuck on something, and you will need intervention. That's why an ideal Ethereum casino should have friendly and professional customer service.
Advantages with an Ethereum Casino
Just like crypto casinos, Ethereum casinos have plenty of benefits. Some of them include:
- Quick or instant money transfers – In an Ethereum Casino, all payments and cash-outs are quick and instant. You never have to wait for long to get your winnings. However, you must verify your identity to speed things up.
- No extra transaction fees – Besides quick transactions, you’ll also enjoy charge-free services. Usually, Ethereum casinos offer free deposit and withdrawal services. This means, whatever amount you win, you can cash out the whole amount.
- Protected payment information – In the online world, safety is one of the most important things. With that knowledge, casinos that use Ethereum always protect their customers’ payment information. You never have to worry about theft or fraud since these casinos have stringent security measures in place.
- Anonymous options – One of the most exciting advantages of Ethereum casinos is that they allow you to make anonymous payments. What this means is that your identity will be concealed throughout the transaction.
Disadvantages of Playing at a Casino with Ethereum
Even with the numerous advantages, Ethereum has some downsides. The most notable ones are:
- Price Volatility – Cryptocurrencies are usually associated with price volatility. This, associated with the intrinsic value, is a major concern for Ethereum Casinos. The prices rise sometimes and go down in others. This is a danger to your finances since you may lack enough cash to wager when prices are low.
- Regulations – Ethereum, like other cryptos, is never under control. No legal bodies are regulating it, which means that should a problem arise, there will be no one to intervene.
- Anonymity – While this is an advantage, it can still be a disadvantage. Ethereum transactions are hard to trace. So, if you lose, you may not get your money back.
- Cybersecurity issues – Due to its anonymity nature, Ethereum is a common target by cybercriminals. Worse still, the currency is never regulated. So, if an intruder finds their way in, there will be no one to rescue you.
History of Ethereum
Ethereum is a blockchain tech that facilitates online payments without any third party. It was launched in 2015, after several other cryptos. Notably, this tech is becoming popular in Canada. In fact, several online casinos and other online businesses have adopted the method as one of their accepted payment gateways.
While Ethereum and Bitcoin are both cryptos, they have several differences. First, Bitcoin only trades in cryptocurrency, but Ethereum offers several exchange modes. Secondly, while Bitcoin only allows public transactions, Ethereum allows both public and private payments.
These are just a few of the differences. Needless to say, you can see why Ethereum is becoming popular.
Ethereum Casinos Summary
To conclude, Ethereum Casinos in Canada are abundant. You just need to pick one that suits you best. However, don’t be fooled by awesome bonuses and promotions. Make sure you study a particular casino well before signing up.
But to avoid all that hassle, check out our list of the best Ethereum Casinos in Canada. They’re all tested and verified by our experts, so you’ll get a great experience. And if you love cryptocurrency, you should try out a casino that accepts Ethereum.