Ethereum casinos and their role in the iGaming industry!

by Glenn Maxwell

Online casinos have slowly taken over the gambling industry because they have millions of clients. Some of them provide standard options found in regular casinos, but others focus on different things, such as payment options. Even though digital wallets are prevalent in the business, the listed Ethereum casinos over here are safe, and thus, they have fans from different parts of the world.

Ethereum may be the second most popular digital currency in the world, but it is among the best for online betting. There are many things that you probably don’t know about the places that offer digital currencies, so we will try to point them out in this review.

Ethereum casinos offer users more privacy

One of the big reasons why online casinos became so popular in the first place is because they allow people to play casino games without the need to go somewhere in person. Although they will have to verify their identity at some point in order to make a withdrawal, clients can remain relatively anonymous.

Sadly, this is not the case when it comes down to making payments. Aside from the digital currencies, users need to share things like banking information to make a deposit. Unsurprisingly, many punters are not happy about that and want to find a way to make anonymous payments.

That’s the reason why some of the top-tier gambling companies provide digital currencies like Ethereum. Things like Bitcoin, XRP, and ETH allow punters to make transactions without adding their IBAN, names, or other banking information. Consequently, users can place bets privately.

Ethereum is notorious for its fast transactions

Even though many online betting operators offer safe transactions, they have one major drawback – the processing time. There are cases where gamblers might have to wait multiple hours before they have the chance to play the casino game they like. 

To prevent users from waiting, the best Ethereum casinos provided in the list above offer fast transactions. Whether you want to make a deposit or pull out your winnings, the money transfer shouldn’t take longer than a couple of minutes. 

Interestingly, those casinos also provide fast transactions for other payment options. This includes digital wallets, credit/debit cards, and bank transfers. In other words, people who choose an ETH casino can expect to make fast money transfers regardless of the online payment solution.

These casinos often provide higher payouts

Although there are many important factors that users have to take into consideration, the most important one is the given casino’s payout rating. Online casinos use different things to determine their payouts, but it largely depends on each game’s RTP rating. Return to play is a rating that shows what percentage of the bets placed on the given games are returned to players in the form of winnings.

The RTP rating is created by the company that developed the given slot or casino game. Needless to say, reputable casino software companies are those that provide bettors with higher RTP ratings than usual.

Some ETH casinos have a few downsides that users should know

Despite the fact that casinos that use Ethereum have many perks over their standard counterparts, a few bad things have to be taken into consideration. The main one is related to the transactions and the fact that it is almost impossible to track them. This has its advantages, but there are also numerous cons, such as the fact that you may come across companies that will want to scam you.

Usually, those operators are not regulated by any gambling commission and do not have any security features. Needless to say, it is probably a good idea to avoid them if you don’t want to have problems.

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