If you are serious about Ethereum gambling, prepare for extensive research. Nowadays, there is an ample selection of crypto-friendly casinos, and most of them accept ETH. While there are many reliable brands around, some operators just seek to capitalize on this trend for easy profits by offering a subpar product.
Below we will list a few key elements to take into consideration before you get into action. Note that it will be hard to tick all the boxes on the checklist, so focus on the characteristics that are important to you:
Crypto-only & Hybrid Ethereum casinos
A key distinction of crypto gambling sites. Operators that rely exclusively on crypto payments let you keep your balance in the form of cryptocurrencies. In this way, you gain the ability to double gamble, as you can speculate on market price action on top of the actual gambling. Quite exciting, but risky too. The most common type is hybrid casinos. Your ETH deposits will instantly convert to a FIAT currency.
Nevertheless, your withdrawal afterwards will be paid in ETH as well. This is a safer option, as you can manage your bankroll conveniently and disregard any market swings. Hybrid casinos are usually facilitated by third-party payment processors, so examine the crypto to FIAT conversion rate before any deposit. Sometimes, they may charge you abnormally high fees, so keep this in mind.
Decentralized Gambling Sites
This is a quite specific category of gambling sites, better known to the more tech-savvy crowd. As we have already mentioned, Ethereum allows for the creation of applications, which are then embedded on its decentralized blockchain network. Naturally, a plethora of casino decentralized applications (casino dApps) have been built, and they are a good alternative choice.
There is not any central operator, so the payout is usually higher. Furthermore, while only basic games are available due to technical limitations, every action is transparent and permanently recorded in Ethereum’s ledger.Games are provably fair by design, and everybody knowledgeable enough can review their code. Nevertheless, there are many scammy dApps, so it would be better to avoid them unless you are experienced in both crypto & gambling.
Decentralized casinos are the pinnacle of under the radar gambling, as you have to deal exclusively with an unbiased blockchain network. Account restrictions, frozen funds, KYC procedures & audits, and refusal of payout simply does not exist there. Sadly, as we ultimately cannot ensure the legitimacy of any casino dApp by 100%, we are not going to recommend any particular one. Still, feel free to check below other reliable, albeit centralized options: