What Attracts Gamblers To Ethereum Gambling Sites?
Ultimately, the best Ethereum gambling websites represent a one-stop-shop for anyone interested in gambling online.
Ethereum gambling websites offer practically every sport and market you can think, and are slower to restrict winners than many soft bookies.
They also provide a large choice of casino games.
Then there is the small matter of testing your skills against human rivals in poker events.
If you’re feeling confident, you can use multiple tables at once, something that’s physically impossible in a land-based casino.
If you can’t get to a real casino, ETH gambling websites are a worthy substitute.
Traditionalists love the fact that all-time classics like roulette and slots are widely available.
Apart from giving you the old-school feel of casino staples, ETH gambling websites add a new twist.
Of course, these companies always retain the house advantage, so take note of the games where the edge is at its smallest.
Suppose you want to try baccarat; it is wise to back the banker with your ETH because the casino has a smaller advantage than if you choose the player.
Other great gambling site that accepts ETH gaming options include Keno, Let Em Ride, and Vegas Three Card Rummy.
While video poker is enjoyable, it doesn’t offer the same buzz as competing against real people.
ETH gambling websites enable you to sit down and see how you fare against players of different skill levels.
These casinos offer numerous poker versions; here are two of the most popular.
Five card draw
Europeans have played Five Card Draw for centuries, and this simple version of poker begins with each person receiving five cards face down.
Each person places an ante to the pot before seeing their cards and gambling accordingly.
To win Ethereum after the first gamble, you can continue with your five cards or discard up to three and ask for new ones.
Few poker variants have ever captured global attention like Texas Holdem.
After receiving two cards, the players have the chance to improve their hands using up to five extra community cards.
The winner is the person who has the best five-card hand overall.
The No Limit version is among the most exciting forms.
Ethereum gambling websites offer an impressive amount of sports and markets.
Indeed, they’re close to providing even more choice than fiat-accepting gambling sites.
It doesn’t matter if you think Tyson Fury will finally lose or the Knicks will win the NBA Finals; you’ll find the right market on ETH gambling sites.
In addition, you can focus on huge global events such as the Tour de France or the Cricket World Cup.
Punters who had their accounts closed by fiat gambling companies are keen to get involved in ETH gambling websites.
They can continue using their skills to earn money in the long run.
The house may win most of the time, but world-class bettors can still make money off gambling sites.
With a warm welcome from ETH gambling sites, experts in gambling can enjoy doing what they love once again.
Choosing The Best Ethereum Gambling Sites In 2022
As a Canadian, you are spoiled for choice when it comes to Ethereum gambling websites.
Nonetheless, it’s important to avoid rushing your decision.
Selecting the wrong one for your needs could impact your user experience.
However, our team has come to the rescue by offering an outline of what to look for during your search.
Few things matter in your search more than locating Ethereum gambling sites with positive reputations.
If you deposit money into a dodgy Ethereum gambling platform and it withholds your funds, there is nothing you can do about it.
Crypto transactions can’t be reversed once finalized, so a shady site can do what it likes because there is no oversight.
We advise you to look through our reviews to discover the legitimacy of Ethereum gambling platforms.
You must find out whether the Ethereum gambling site:
Has a spotless record
Lets you access your money
Cares about its customers
One of the benefits of using ETH is the incredibly fast transaction time.
Yet certain Ethereum gambling sites may lag behind industry leaders in transaction speed and have other issues.
Before you choose any ETH gambling site, here are three things to consider relating to its 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?
It is standard for gambling sites to provide bonuses to ‘reward’ users.
The types of rewards on offer include, but aren’t limited to:
Special bonuses if you deposit/withdraw using ETH
No deposit bonuses
Before you proceed, make sure you check out the T’s and C’s of each bonus.
While you might think they provide a reasonable benefit, you can expect the site to add restrictive terms.
For example, you may have to gamble through your initial deposit dozens of times to withdraw the bonus.
Quality and quantity of options
If a gambling platform doesn’t have enough options to keep you entertained, you’re not likely to persevere with it.
Ethereum gambling sites 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.
Furthermore, focus on the standard of the site.
Playing outdated games or using standard sports markets can get boring after a while, no matter the quantity.
Moreover, sites that offer progressive jackpots and long odds could help you get the most out of your Ethereum.
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 ETH gambling site you choose doesn’t have your back when there’s a problem, it is not worth your time.
If you use a gambling website with rude or unresponsive customer support, it is easy to get annoyed.
On the contrary, Ethereum gambling sites dedicated to high-quality customer service are usually highly rated.
Such companies help solve issues efficiently, so you can enjoy the site.
We find the top-rated Ethereum Gambling Sites for you
It is simple to get information about ETH gambling sites online.
Sadly, misinformation and outright lies are features of Internet content.
Ultimately, it boils down to sites not having the desire to do the work.
We like to do things right, which is why we thoroughly examine gambling sites.
We play each site for as long as it takes to offer a full picture for our readers.
However, it is worth it to provide what we believe are the best reviews in the industry.
While you will find hundreds of gambling site reviews by our team, we’re only getting started!
Main cryptos overview
Overall, you’ll find thousands of cryptocurrencies with new ones seemingly created each day.
Even so, don’t expect any gambling site to offer too many options.
Keep reading to learn more about four of the most popular digital assets accepted on gambling sites that use crypto.
Created by Charlie Lee in October 2011, Litecoin is almost identical to Bitcoin in terms of technical details.
Yet, it ultimately gained a reputation as a useful digital coin in its own right, leading to a surge in its market cap.
Among its benefits include quick transactions and low fees.
Nevertheless, you should check our reviews to see which gambling sites allow it because LTC is not universally accepted.
Only Bitcoin has a greater market cap than Ethereum, which is far above every other coin.
Vitalik Buterin and Gavin Wood created ETH in July 2015, and its array of benefits has helped its value grow significantly.
With a transaction time of 12 seconds, Ethereum is one of the best options for rapid deposits and withdrawals.
According to many digital currency experts, it is best to purchase ETH now as its value might eventually exceed Bitcoin’s.
Created in January 2009 by an individual or group called Satoshi Nakamoto, Bitcoin is the digital currency that started the revolution.
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 gambling platforms welcome its use.
BTC’s cost is one issue; it requires a big investment to own a relatively small amount.
Yet if you want security, Bitcoin is a great choice; no one has ever hacked its network.
Reasons to Try Ethereum Gambling Sites Today
ETH gambling sites are hot commodities, but not everyone is sure if the hype is appropriate.
We’re here to tell you that they’re superior to their traditional counterparts in many ways.
Let’s check out a few arguments in their favor.
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.
Despite its origins, this particular cryptocurrency is now taken seriously, with Elon Musk, the founder of Tesla, often tweeting about it.
Find out if your preferred gambling website accepts DOGE and benefit from rapid deposits/withdrawals and a strong layer of security.
One possible issue with Dogecoin is the lack of a supply limit, which may cause inflation; also, few sites enable you to use it.
Crypto > fiat
We have used fiat currency for a long time, but it is approaching its sell-by date.
Central banks worldwide continue to print paper money, which decreases its worth.
Consequently, any fiat currency you hold is guaranteed to decrease in purchasing power terms.
As Adam Smith once wrote: “The problem with fiat money is that it rewards the minority that can handle money but fools the generation that has worked and saved money.”
In contrast, the most popular cryptocurrencies are in a growth phase, so they are likely to increase in value.
Therefore, if you win Ethereum on a gambling website, the value of your earnings could continue to grow.
Ultimately, while fiat’s time is up, the time is now for crypto.
Even though gambling website usage is popular, society still looks down upon this pastime.
The banking system continues to rail against gambling on such a site.
When you use fiat currency to pursue your hobby, the banks can easily find out.
Banks will even tear up your loan application if you’re caught using a gambling website.
With Ethereum, you get the anonymity you crave.
Financial institutions have no involvement in digital currency transactions.
Consequently, you keep banks out of the loop and can use a gambling site with no chance of them catching you.
Better user experience
Standard gambling sites provide a dull user experience compared to the better quality of gambling sites accepting Ethereum.
Here are a few other advantages that lead to a superior UX:
Faster transaction times, so you send and receive money faster
Reduced transactions fees
Special bonuses for using Ethereum
Websites with a modern design
Higher deposit and withdrawal limits
Less likely to get restricted for being profitable
As a gambler, you won’t regret switching to ETH gambling sites.
Those who oppose digital currencies outline the problems with theft and computer hacking.
Yet, most lawbreaking occurs on the digital asset exchanges.
Indeed, there are no reports of any major crimes committed against Ethereum gambling site users.
All Ethereum transactions are protected by a network that verifies them while also offering encryption security.
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 Ethereum.
Crypto and Gambling Websites in Canada: What Is Their Legal Status?
Despite the level of hype and advertising, don’t assume that it is legal to gamble on gambling sites with Ethereum using digital currency.
Several countries don’t allow one or the other, and a few outlaw both.
While you can still try to register and deposit if you live in a country where Ethereum gambling sites are prohibited, it is an unwise choice.
Should the site choose to ban you and keep your money, there’s nothing you can do about it.
Thankfully, Canada allows Ethereum gambling site use as long as you follow the country’s general rules on crypto and gambling!
Are Canadian residents allowed to use Ethereum?
Yes, it is completely legal to buy and sell ETH on exchanges and make purchases with it.
Despite the easy availability of digital assets, they are not considered legal tender.
This means the Canadian Revenue Agency (CRA) refuses to accept it as a means of paying tax.
Unfortunately, the CRA also mandates that any profit you earn from crypto is taxable.
Thus, you must declare all profit and loss from crypto transactions on your tax returns.
Digital assets are not regulated in Canada, even though the exchanges that sell them are.
This is why relatively few merchants accept digital currency transactions since there is no bank protection.
While Ethereum gambling sites acknowledge the danger, they see it as a trade-off for healthier profits and greater visibility.
Where can I buy Ethereum?
Most people get their Ethereum from specific 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.
In June 2020, new legislation mandated that digital exchanges had to register with FinTRAC.
It is Canada’s main authority when it comes to investigating and punishing financial misconduct.
Overall, purchasing and using ETH in Canada comes with numerous protections.
Is it legal for a Canadian to Gamble online?
As a resident of Canada, you are legally permitted to gamble online.
The legal age for gambling in Canada is 19.
Except in Quebec, Alberta, and Manitoba, all of which allow you to gamble when you’re 18.
Unless the CRA declares you a professional gambler, any money you make from successful gambles remains untaxed.
Before you try to register, please note it is against the law for a gambling site to offer its services within the Canadian border unless it is explicitly licensed or owned by a provincial government.
Yet, an estimated 1,000 unlicensed offshore companies continue to serve Canadian customers.
Single-game betting is now legal
In Canada, the laws relating to gambling date back to the Criminal Law Amendment Act, which the Canadian Parliament agreed upon in 1969.
The government then handed control of gambling laws over to the provinces in 1985.
This piece of legislation led to a massive increase in the number of casinos throughout Canada.
Since this law has remained intact, provinces use their power to make rules for online casinos and bookmakers.
A rather strange rule prohibited a certain type of bet in Canada for a long time.
This directive ensured that making a gamble on a single game was illegal until August 2021.
Yet, the Canadian government passed C-218, a law that finally allows the practice of single-game betting.