Advantages and disadvantages of ETH casino
The crypto industry is developing at a tremendous speed, and more and more people worldwide are starting to use cryptocurrencies for gambling. Bitcoin and Ethereum are not yet in a hurry to give up their leading positions to other assets. As a result, Ethereum casinos are rapidly growing and developing. Today we want to discuss the main advantages and disadvantages of using cryptocurrencies in gaming clubs and give tips on choosing the perfect platform.
Why are ETH casinos so popular?
More and more people worldwide are abandoning the usual ways of earning in favor of the crypto industry. Indeed, this gives a lot of opportunities to improve their financial situation. It also leads to more companies accepting cryptocurrencies as payment for goods and services, and casinos are no exception. Today, everyone can play their favorite gambling games using various cryptocurrencies, including Ethereum.
It should be said right away that this is not just a fashion trend; this solution has several significant advantages:
- Increased protection;
- Minimum commission;
- Instant payouts;
- Ability to play anonymously;
- Ability to circumvent government regulation.
It should be said right away that using Ethereum is a perfect solution for any crypto enthusiast who constantly uses this asset because it allows you to avoid currency conversion fees.
The Ethereum blockchain is famous for its excellent security because the most thoughtful smart contracts have been developed based on it. This system cannot intercept all transactions, meaning your assets are safe.
In addition, all data in the database is kept unchanged, which means that casino employees cannot enter your account, change data, and debit money from your account, even if you have not used it for a long time.
Many players do not like that some payment systems ask for too high commissions for their services (up to 15% of the winnings). Cryptocurrencies can quickly solve this problem. So, for example, Ethereum charges only a few dollars for its services, even if you hit the jackpot. It is an excellent opportunity to save money and not pay too much.
Practice shows that players refuse to use bank cards to withdraw winnings; in this case, they must wait about a week. As for other fiat wallets, many of them ask you to wait 24 hours, but if you use cryptocurrencies, the maximum withdrawal time is only 30 minutes. It is convenient for those who do not like to wait and want to enjoy their winnings immediately.
Ability to play anonymously
Many people do not like those casinos asking players to provide personal data. If this data falls into the wrong hands, it can negatively affect a person’s reputation, and some hackers use such information for financial gain. Many ETH casinos do not ask for your passport or location information so that you can play anonymously.
Bypass government regulation
If your country has implemented a total gambling ban, you can get around this by using cryptocurrencies. They are not tracked and can be credited to the game account from anywhere in the world; the main thing is an Internet connection. So, if the popular casinos where you want to play do not accept your national currency, then you can easily make a deposit using cryptocurrency.
Disadvantages of Using Cryptocurrencies for the Gambling Industry
Cryptocurrencies have many advantages; however, such a solution has one significant drawback. The problem is that there are few gambling activities where you can bet on crypto today. Of course, several providers (including BetSoft, Evolution Gaming, and NetEnt) are now developing gambling activities. Still, there are not enough of them to try something new every day and enjoy gambling to the fullest.
In addition, some casinos that allow you to play with crypto do not allow you to bet on sports in this currency.
These problems are expected to be resolved entirely in the next few years.
Popular Ethereum casinos
Every year the number of casinos that accept Ethereum is overgrowing; however, not all offer a large selection of gambling activities and excellent bonuses. ORDB studied the work of a large number of gaming clubs and identified several of the most reputable:
- Bit Starz;
- Joo Casino;
Each of the above online casinos has its characteristics, so we advise you to study their work in more detail and only then register.
Some tips for choosing a gaming platform
There are many crypto casinos, so it can be challenging for a beginner to choose. It is necessary to study the work of each gaming club in advance, and first of all, you should pay attention to such points:
- Availability of a license;
- Interface and mobile application;
- User reviews;
- Bonus programs;
- Limits and speed of payments;
- Easy to register;
- A variety of gambling activities and much more.
You can find all the necessary information on the ORDB platform. The specialists tried various gaming clubs, played popular gambling games, and talked with the delivery service. In addition, they collect a variety of user and expert reviews to add the most accurate picture.
Crypto casinos have many advantages, so it is not surprising that their audience is snowballing. It is worth trusting only licensed gambling clubs with a good reputation, and then you can be sure that all your assets and personal data will be safe and you can enjoy the game more.