Ethereum is the second largest cryptocurrency available to gamblers and is proving to be a force within the cryptographic community. The currency of Ethereum – Ether – operates in a similar way to Bitcoin, however the protocol is entirely separate. A list of available gambling sites that accept Ethereum deposits and withdrawals can be found below, and for more information on ether and how it can be used for gambling, scroll further below.
How to Gamble With Ether
Ethereum allows individuals to transact ether in much the same way that a bitcoin gambler would. The currency operates on a blockchain with miners who are incentivized through block rewards, and blocks are mined through ‘proof of work’. This all sounds remarkably like bitcoin, and that is because it is, however Ethereum allows gamblers to not only transact value, but to run computational ‘smart contracts’ on the blockchain itself.
For this reason, many gamblers have adopted Ethereum, and a number of gambling sites now allow their users to bet with ether. This list of gambling sites has been growing, and for this reason we have aggregated all of the available ether casinos, dice sites, sportsbooks and poker rooms and listed them here.
Buying Ether for Gambling
While ether is extremely popular, it is actually not as easy to get hold of as bitcoin. However, gamblers who are familiar with purchasing bitcoin will be able to exchange bitcoin for ether on a number of exchanges. We recommend shapeshift.io for fast and secure BTC/ETH transactions. Those not familiar with purchasing bitcoin, please read our bitcoin guide.
Before you start selling bitcoin for ether and visiting gambling sites, you’re going to need a wallet in order to receive your new ETH. The number of Ethereum wallets are growing, however the tried and tested ‘Mist’ wallet developed by the Ethereum foundation is a safe place to start. The Mist wallet can be downloaded from the Ethereum.org website.
As mentioned further above, ether wallets operate in a very similar way to bitcoin wallets, however there is an additional ability to interact with smart contracts. Smart contracts are an extremely new and exciting technology, but for many Ethereum users, this technology is not relevant if their plans are only to gamble with ether.
Advantages of Ethereum for gambling
Gambling with ether is not necessarily ‘better’ than gambling with bitcoin – the properties of the two currencies remains the same, and both share the benefits of being fast, anonymous and transparent. The downside is that the list of gambling sites for ether is much more limited than the huge number of bitcoin casinos, poker rooms and sportsbooks. That being said, ether has grown enormously in popularity, and we anticipate that many more existing crypto-casinos will turn towards this new currency in the near future.
Keep coming back to this page for a regularly updated list of all the available Ethereum gambling sites.