Why is playing casino games with Ethereum preferable to Fiat?

16 Aug 2023

Emma Hall 16 Aug 2023

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Switching to Ethereum Casino payments brings a whole host of benefits to you. Faster withdrawals, anonymity, security - we look at the top reasons why you should switch to Ether for gambling.

The blockchain is proving to be a disruptive force in the online world. And savvy casino players are taking full advantage for their gambling pleasures.

It's easy to see why too. You can now deposit with 100% anonymity, withdraw your winnings faster - and be free from any tax. And that's why more and more players are using Ether to play slots and table games at exciting crypto casinos.

But is it safe to gamble with Ether? And what advantages does it have over traditional fiat currency? Let's find out.

What is an Ethereum Casino?

Ethereum gambling sites accept Ether as a deposit and withdrawal method. And Ether is a type of cryptocurrency comparable to Bitcoin. Both can be used in the same way as traditional currency - like the USD or GBP.

But there are some major advantages to depositing via these cutting edge casino payment methods compared to fiat. Here's just a few to consider:

It's 100% anonymous

Join a traditional casino - and you will have to fork over all sorts of information for the site to verify. Your name, address, payment details... all in the hands of people you have never met before.

But when you play at an Ethereum or Bitcoin casino - you don't need to hand over anything. You can choose to play in total anonymity. All that's required is to link a cryptocurrency wallet with the casino.

You get your winnings faster

Ever made a withdrawal at a traditional casino? You may have experienced delays in the money getting to you once approved by the site. This is all thanks to the middlemen - the financial institutions checking over the transaction for all sorts of variables.

When you withdraw via Ether, you cut out all those annoying middlemen. And yes, they aren't too pleased about having their business taken away! That means once the casino approves your withdrawal - your funds will be with you in a jiffy.

Your money is safe

There are many horror stories of casinos and financial institutions going bust. And these stories can make you nervous about the safety of your own funds. Especially if the casino in question holds your money.

Well, this is not a concern with Ethereum casinos. Assuming you have your Ether stored in a secure wallet, your coins are completely safe. That's because they are stored independently from the casino in question. So if the casino does collapse - then there's no issue.

There are no banking fees

Remember those middlemen we mentioned earlier? Sometimes, they like to price your transactions - making you pay extra for handling the money. This can leave a bitter taste in the mouth if you make regular deposits.

When you deposit via Ether, your transaction is being dealt with automatically by the blockchain. This is a computer system, so there are no people to pay after all. The only fee payable is the internal transaction cost known as "Gas" - which is typically a fraction compared to bank charges.

Should you gamble with Ether over Fiat?

If you're a serious casino gambler, then you should definitely consider using crypto payment methods. Coins like Ether and even Bitcoin have many benefits over traditional payment methods. Many of which are a boon to casino players.

Speed, security, anonymity... debit and credit cards look like fossils in comparison. And things will only get better as the baked in smart contract functionality gets better. The future looks bright - and Ethereum Casinos are leading the charge.

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