Is It Better To Play At Ethereum Casinos Or Bitcoin Casinos?
Cryptocurrency is growing rapidly as an alternative way to fund casino accounts, but for people who are new to playing in crypto, new to online casinos, or both of these, the prospect of starting out may be daunting. We took a closer look at Ethereum casinos and Bitcoin Casinos to find out which option carries better benefits. Often, the same casino will offer both currencies, so we compared the advantages of each currency.
Some of the factors we considered were: how to set up your wallet, how transactions between your wallet and the casino work, and whether you can get welcome bonuses when you deposit using the cryptocurrency you chose. The most important safety check before you even consider which cryptocurrency to use is to make sure that your online casino is licensed because it is extremely difficult to get funds back from a bad casino. We have done the safety checks for you and suggested the best minimum deposit casinos for you to try.
What is the difference between Ethereum and Bitcoin for casino players?
The main difference between Bitcoin and Ethereum is that Bitcoin was created as an alternative currency to traditional centralised (fiat) currencies. Ethereum is a smart contract platform that uses blockchain technology to create digital ledgers. Unlike Bitcoin, Ethereum is more than just a cryptocurrency. Its aim is to run digital applications too.
Without going into detailed, high-level specifics, the differences between the two that may have an impact on casino players are the following:
- Ethereum has a quicker process time than Bitcoin due to a block time of around 13 seconds. Bitcoin has a block time of around 10 minutes.
- While Bitcoin is a cryptocurrency, a way of exchanging value online, Ethereum is a platform that allows you to do much more, as well as using it to fund your casino account.
- Bitcoin has the highest share of the cryptocurrency market and is more widely available at online casinos than Ethereum.
When considering all these factors, Bitcoin has the advantage of being more widely available, but on the whole, a good Ethereum casino may just be the better choice. Both Bitcoin and Ethereum transactions are easy, secure and provide a level of anonymity that makes them attractive to casino players. Both offer fast withdrawals, but Ethereum is quicker than Bitcoin. Most of the advantages of playing with Bitcoin are present for Ethereum players too, but Ethereum does have a few extra benefits.
Benefits Of Playing At An Ethereum Casino
There are some serious benefits to choosing an Ethereum casino. Most of the good ones can offer you a higher RTP than the average online casino, which means that you could win more if you hit a jackpot. Ethereum casinos run code in real-time, so your games are constantly audited for fair play and functionality. You also have access to fast withdrawals, thanks to the digital technology behind the blockchain.
Recommended Ethereum Casino: Fairspin Casino
New players at Fairspin Casino get a 100% deposit match welcome bonus as well as 30 free spins when they make their first deposit. You can get a 75% bonus and another 30 free spins on your second and third deposits, and a massive 200% bonus match and 50 free spins when you make your fourth deposit. The casino offers a rich selection of slot games, as well as roulette, card games, video poker, lottery and Live casino games. If you would like to find out more about this exceptional Ethereum casino, have a look at our FairSpin review.
At Fairspin casino, the percentage that you would be paid out in the event of a win is guaranteed by the smart contract technology that is characteristic of the Ethereum platform. Fairspin makes all the game statistics available to you, so you have complete transparency from the casino. Your payouts are instant, whether you play in Ethereum or choose to switch to a fiat currency. In the interests of transparency, Fairspin’s balance can be seen in the blockchain whenever you like, so you know for certain that the casino will always have enough funds to pay out your winnings.
Recommended Bitcoin Casino: True Flip Casino
If you are looking for an online casino where you can play with Bitcoin, True Flip casino is an excellent choice. The casino offers its new players 4 deposit-based bonuses worth up to a total of $/€1000 or 1 BTC, as well as 150 free spins. Your first deposit will be matched 150% up to $/€300 or 0.04 BTC, and you will get 50 free spins on Book of Dead. Your second deposit unlocks a 50% bonus up to $/€400 or 0.5 BTC and your third-get a 75% bonus match up to $/€300 or 0.5 BTC. Your fourth deposit will unlock 100 free spins. Have a look at our True Flip review for all the details.
The casino offers you over 1000 hand-picked casino games, including a selection of in-house games. You can enjoy slots, table games, Live casino games, jackpot games and more.