Why Are Ethereum Casinos Worth Your Time & Money?
By now, you’ve probably heard a lot of hype about casino websites accepting ETH and want to know if it is justified.
In fact, these sites do deserve praise as they offer many more benefits than their fiat accepting rivals.
Let’s check out a few arguments in their favor.
Protect your privacy
Those who use casinos still have to look over their shoulders despite the industry’s growth.
Banks, in particular, are against the idea of wagering on one of these sites.
Fiat usage is a bad idea if you want secrecy as banks can see what you’re doing.
Indeed, they are known for refusing loans to customers who use casinos.
However, when you use ETH, there is no possible way for the bank to know unless you tell them!
This is because the banking system is not involved in these transactions.
As a result, you can register, deposit, and enjoy everything a casino website has to offer in complete privacy.
Crypto > fiat
Fiat currency is old-fashioned and no longer suitable for the world we live in.
The consistent printing of paper money reduces its value.
This means the $1,000 fiat in your account today will be worth less in real terms five years from now.
To quote Henry Ford: “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before morning.”
Conversely, many of the best-known digital currencies are experiencing value growth.
Consequently, if you earn Ethereum on a casino company, it could act as a hedge against the inflation that cripples fiat.
Fiat currency had its day; now, we must embrace ETH, the future of money.
Those who oppose digital currencies outline the problems with theft and computer hacking.
However, it is important to note that such criminality is mainly confined to the exchanges.
Indeed, there are no reports of any major crimes committed against casino website with ETH users.
Whenever you complete a transaction with ETH, it is encrypted and goes through many verification rounds on the network.
In addition, it is extremely difficult to decode a transfer’s private key due to its length and complexity.
Crypto experts often point out that debit and credit cards are more vulnerable than ETH.
More enjoyable UX
Overall, the many benefits offered by Ethereum casinos result in a better user experience than with standard casino companies.
Here are a few other advantages that lead to a superior UX:
Rapid transaction times so you’re not waiting to fund your account
Lower transaction fees
Additional bonuses when wagering with Ethereum
Up to date web design
Increased limits on deposits and withdrawals
A smaller chance of having your account closed for winning
As a gambler, you won’t regret switching to Ethereum casinos.
We find the top-rated Ethereum Casinos for you
Finding details about online Ethereum casinos is easy.
Unfortunately, you can’t trust a LOT of it!
One of the main reasons is that these sites don’t bother performing detailed analysis.
In contrast, we use as many resources as possible to provide the best review of a casino website.
It might take us days to complete enough hours of play to be satisfied that we’ve analyzed everything.
We do this because we believe it is the only way to create the industry’s best review content.
Already, we have reviewed an immense number of casinos and are far from being finished.
How To Find The Best Ethereum Casinos In 2022
As a Canadian, you are spoiled for choice when it comes to ETH casinos.
Rather than picking the first one you see, however, be patient.
Selecting the wrong one for your needs could impact your user experience.
This is why we’ve written comprehensive notes on the most important aspects of a site.
Perhaps the single most important aspect of finding a high-quality Ethereum casino website involves investigating its reputation.
Sadly, if a shady Ethereum casino hangs on to your Ethereum, there’s no action you can take to get it back.
The non-reversible nature of digital currency transactions means there is no central authority to take action on your behalf.
Therefore, it makes sense to check out our reviews to learn more about the reputation of Ethereum casinos.
You must find out whether the ETH casino website:
Has a clean reputation
Allows easy deposits and withdrawals
Respects its customer base
Quality and quantity of options
No matter what casino you use, boredom quickly hits if there isn’t enough choice.
ETH casino websites can have a ton of worthwhile qualities, but without plenty of variation, you’ll quickly leave.
Look for sites with enough games, markets, and other options to keep you entertained in the long run.
Also, pay attention to the overall quality of what’s available.
Playing outdated games or using standard sports markets can get boring after a while, no matter the quantity.
Furthermore, focus on sites that provide the best odds and huge jackpots to get value for your Ethereum.
With Ethereum, there is little waiting around for a transaction to go through.
Nonetheless, some Ethereum casinos are slower to process payments than others and have other constraints.
Here are three questions to ask regarding Ethereum casino in Canada transactions:
How long must you wait for deposits & withdrawals to process?
Does it accept popular digital currencies? (These include ETH, DOGE, BTC, and LTC)
How much are you allowed to deposit and withdraw at once?
Typically, casino websites offer bonuses as a means of bringing in new customers.
The types of rewards on offer include, but aren’t limited to:
Special bonuses if you deposit/withdraw using ETH
No deposit bonuses
Carefully look into the terms and conditions linked to every bonus.
They usually seem generous but often have strings attached.
For instance, you must play through your welcome bonus deposit 30+ times before withdrawing it.
The site you want to use is one that genuinely cares about its clientele.
It doesn’t matter if you have tons of options and can quickly withdraw and deposit Ethereum.
If the Ethereum casino you choose doesn’t have your back when there’s a problem, it is not worth your time.
Encountering casino websites with dire customer service can ruin your day.
On the contrary, ETH casino websites dedicated to high-quality customer service are usually highly rated.
Such companies help solve issues efficiently, so you can enjoy the site.
Four digital currencies to consider
These days, there are probably 13,000 crypto assets available, and the number continues to rise.
Despite the vast number on offer, casino websites usually only allow you to use a small fraction.
Keep reading to learn more about four of the most popular digital assets accepted on casinos that use crypto.
Ethereum is the second biggest digital coin, well ahead of the rest of the field.
Created by Gavin Wood and Vitalik Buterin and released in July 2015, ETH has experienced a rapid increase in value as its benefits become clear.
One of Ethereum’s main features is its fantastic transaction time of just 12 seconds.
Some crypto experts believe ETH could one day surpass Bitcoin as the number one currency, so you have to decide if it is worth buying now.
Developed in January 2009 by someone known as ‘Satoshi Nakamoto,’ Bitcoin was the first cryptocurrency.
It became the first cryptocurrency to exceed a market cap of $1 trillion, and its growth shows no signs of stopping.
The popularity and worth of Bitcoin mean that crypto casinos welcome its use.
BTC’s cost is one issue; it requires a big investment to own a relatively small amount.
A major upside is the security of the Bitcoin network; even the world’s best hackers have failed to penetrate it.
Dogecoin was created as a prank by Billy Markus and Jackson Palmer in December 2013.
The coin is now synonymous with the image of the Shiba Inu dog breed.
These days, it is considered a serious digital asset, aided by promotion from Elon Musk, the founder of Tesla.
Find out if your preferred casino website accepts DOGE and benefit from rapid deposits/withdrawals and a strong layer of security.
However, there is a danger of inflation since Dogecoin has no supply limit, and not many sites accept it at present.
Litecoin is a Bitcoin spinoff created in October 2011 by Charlie Lee.
Yet, it ultimately gained a reputation as a useful digital coin in its own right, leading to a surge in its market cap.
For instance, LTC offers fast transaction times and minimal fees.
Unfortunately, only a relatively small percentage of casinos accept it; our reviews let you know which sites to look for.
What do Ethereum Casinos Offer?
As a first-time ETH casino user, you likely don’t know what awaits you.
However, you’ll find them similar to traditional casinos.
In fact, once you’re used to utilizing ETH on casinos, you’ll feel right at home.
They offer the same range of casino classics as standard casinos, along with a great choice of unique games.
Despite having the chance to try something different though, most individuals would rather stick with what they know.
To help you in your search, we outline five of the most popular on Ethereum casinos below.
One could argue that the Sittman and Pitt machine of the early 1890s was the first slot.
Nonetheless, Charles Fey stole the limelight with his Liberty Bell machine developed at around the same time.
Even today, the games offered by casinos accepting Ethereum are based on Fey’s invention.
You have the option of using the vintage 3-reel slots or upgrading to the contemporary 5-reel.
In both cases, using them is easy, and it only takes a few seconds to complete a spin.
It’s possible to make several hundred plays in one hour; this is one of the big attractions of slots.
For those hoping to strike it lucky, ETH casino websites offer progressive jackpots which sometimes pay out six or even seven figures.
However, please note that slots often provide the house with a major edge, and winning is down to luck, not skill.
The game of roulette is over 200 years old, with France its likely origin.
It is best to use the European roulette wheel as it has 37 numbers; 1-36 and a single zero.
The casino enjoys a bigger edge with the American wheel, as it has two zeroes and 38 numbers in total.
Before the croupier drops the ball into the spinning wheel, you have to decide where you think the ball will stop.
Look for the Ethereum casino’s betting table when you want to place a wager.
Here are some of the available roulette wagers:
If you’re hoping to win big, try to guess a single number; getting it right pays out at odds of 35/1.
Going for a double or nothing play is more sensible, such as picking red/black or an odd/even number.
Further possibilities include the dozens or column plays; both offer a 2/1 payout.
Also, roulette strategies like Martingale only increase your risk of ruin; they are not a surefire way to win.
The house has a built-in edge, so it is unwise to consider roulette as a method of earning a long-term income.
Consequently, you must view this game as a fun activity and make responsible plays.
You should find blackjack on virtually every online casino website.
Its popularity in casinos has remained constant despite being invented over 250 years ago.
You win in blackjack if your hand has a higher score than the dealer, and you don’t exceed 21.
Preferably, you will achieve this aim after two cards, but you will likely need at least a third.
Initially, the dealer gives you two cards face up, but you can only see one of their two cards.
After you get the first two cards, you can choose one of two options:
Hit: You receive an additional card
Stand: You decide not to accept another card
A hand is ‘bust’ when the score is over 21 and loses unless the other person busts too.
Overview of card value in blackjack
Aces: 11 or 1
Jacks, Queens & Kings: 10
2-10: Their regular value
How much can I win in blackjack?
A blackjack win pays double your play, but the casino tends to take a commission to increase its edge.
A score of 21 on most Ethereum casinos typically results in 50% extra added to your winnings.
Other blackjack rules
If you’re in a weak position, surrendering or taking insurance decreases your potential loss.
On the flipside, doubling down or splitting are plays to consider if you’re in a good position.
In some cases, Ethereum casinos in Canada may mandate that a dealer stands on ‘soft’ 17; look at their Ts and Cs to find out.
A ‘soft’ hand is one that contains an Ace because it gives you the chance to change your total.
Although there is stiff competition, Jacks or Better is the #1 choice on ETH casinos.
Of course, there are different poker games on offer, including Aces and Faces and Tens or Better.
Jacks or Better is the simplest video poker variation, with players needing at least a pair of Jacks from five cards to earn a payout.
You’ll win more with a hand such as four of a kind, a straight, or two pairs.
Certain Ethereum casino websites let you play a win further, inviting you to pick a high or low card.
This additional game involves a face-up card and four face-down cards.
Winning involves choosing a card with a higher value than the one you can see.
Ultimately, bettors love Jacks or Better because it has one of the lowest house edges of any ETH casino game.
Please note that skill is required to do well in video poker, unlike many casino games.
Individuals seeking to sample the glamour of casinos often gravitate towards baccarat.
Yet this 200+-year-old French card game is simple to understand.
A quick overview of baccarat
In baccarat, you can select the player or banker when making plays, with the latter decreasing the casino’s edge.
Both player and banker receive two cards, and the one with the highest score wins, to a maximum of 9.
Once the score reaches 10 or more, the second number becomes the new value of the hand.
For example, if you get a 9 and a 7 for a total of 16, your baccarat score is 6.
Face cards and tens are worth no points, Aces are a single point, and cards numbered 2-9 retain their value.
After two cards, you have a ‘natural’ if your total is 8 or 9 and win the hand if your opponent has a lower score.
A third card becomes possible when there’s no natural depending on the scores of the player and banker.
For instance, a score of 0-5 for the player automatically means they receive a third card if the banker doesn’t have 8 or 9.
How much can you win in Baccarat?
Baccarat is mainly a double or nothing game, minus the casino’s commission.
You can also play Ethereum on a tie at odds of up to 9/1, but it offers the worst value.
The site enjoys an edge of over 14% on the tie at 8/1 odds, compared to just 1.24% for the player and 1.06% for the banker.
If you want to try something different from punto banco baccarat, you have two other versions to try.
Chemin de Fer
This is France’s preferred version of baccarat and means ‘railway’ in the French language.
This game allows everyone to become the dealer at some stage instead of the single dealer rule in Punto Banco.
The role of the dealer shifts anti-clockwise.
Another interesting rule change in Chemin de Fer is that a player may stand on 5.
In contrast, neither the player nor banker can stand on 5 in Punto Banco; they can only do so with a score of 6+.
The Baccarat Banque version of the game has retained its popularity in European casinos.
You take the role of the banker only if you accept the highest level of risk.
After dealing the first hand, you can continue the role or allow someone else to take over.
Although you can resume as a banker, you can only do it three times in total.
Apart from the rules surrounding the bank in Baccarat Banque, it is quite similar to Chemin de Fer.
Canada's Take On Cryptocurrencies And Casinos: Are They Legal?
Despite the level of hype and advertising, don’t assume that it is legal to play on Ethereum casinos in Canada using digital currency.
You might find that your nation has no issue with digital assets but forbids gambling, or it might allow betting but not crypto.
Attempting to use casino websites with ETH when they are illegal in your country is a big mistake.
There’s nothing to stop the casino from shutting down your account and keeping your money in this scenario.
Happily, if you live in Canada, casino accepting Ethereum usage is legal!
I live in Canada; can I legally use Ethereum?
Yes, residents of Canada are legally protected should they choose to make Ethereum transactions or buy/sell it on exchanges.
Despite the easy availability of digital assets, they are not considered legal tender.
Consequently, there’s no possibility of using it to pay taxes you owe to the Canadian Revenue Agency (CRA).
Please note that the Agency expects you to pay tax on cryptocurrency earnings.
Thus, you must declare all profit and loss from crypto transactions on your tax returns.
While there is regulation surrounding exchanges, it is not the same situation regarding crypto coins.
Therefore, many businesses remain unwilling to accept them as payment without the protection of a central authority.
While Ethereum casinos in Canada acknowledge the danger, they see it as a trade-off for healthier profits and greater visibility.
Where is the best place to purchase Ethereum?
You can purchase Ethereum on exchanges.
In terms of regulation, digital currency exchanges are treated as money services businesses.
As a result, such crypto marketplaces must conform to the same rules regarding reporting, recordkeeping, due diligence, and verification.
Since June 2020, digital assets exchanges must also register with FinTRAC.
This is Canada’s government agency in charge of handling financial crimes.
Therefore, contrary to what many people think, buying and using ETH in Canada is a relatively safe process.
Can Canadians Play online?
In Canada, you are legally allowed to play online as long as you follow the rules.
However, you must be at least 19 years of age.
If you live in one of the following provinces: Manitoba, Quebec, or Alberta, the legal gambling age is 18.
Unless the CRA declares you a professional gambler, any money you make from successful plays remains untaxed.
As far as casinos are concerned, it is illegal to operate on Canadian soil without provincial government licensing or ownership.
Even so, this fact hasn’t prevented over 1,000 unlicensed offshore sites from offering their services to Canadian residents.
C-218: A game-changing law
Originally, Canadian betting laws came from the 1968-69 Criminal Law Amendment Act.
In 1985, the government allowed each province to regulate its gaming laws and determine if land-based casinos were permitted.
Ultimately, the law was a massive boost for the casino industry as a significant number opened throughout Canada.
This particular law hasn’t changed since, so provinces began allowing online gaming as we entered the Internet age.
A rather strange rule prohibited a certain type of bet in Canada for a long time.
According to this ruling, only parlay plays were legal as single game plays were outlawed until August 2021.
Yet, the Canadian government passed C-218, a law that finally allows the practice of single-game betting.