The gambling world is slowly switching to digital currency. This is due to the inefficiency of using fiat money. Along with BTC and other coins, you can often see Ethereum. It is a cryptocurrency and a decentralized, open-source blockchain. It launched in 2013.
Gambling with Ethereum is now very popular. Its high speed and other benefits drive this popularity. We will discuss them in more detail later in the article.
Types of Ethereum Gambling Sites in South Africa
Such sites have clear advantages over game portals using standard currencies. They can be roughly divided into three groups.
The most prevalent type of Ethereum gambling sites in South Africa is an online casino. Such portals differ from their fiat counterparts in four ways. They are faster, more secure, and have a simpler, anonymous registration. They also offer top-notch games from leading developers. It hosts the best games from giants like Evolution, NetEnt, and others. These include Playson, Pragmatic Play, Microgaming, Play’n’GO, and Spribe.
As a rule, the number of games offered for playing crypto is inferior to the arsenals of fiat casinos. But, the quality of these games is disproportionately higher. All of them are adapted for playing on mobile devices and meet the requirements of Fair Play. Most use the transparent “Provably Fair” algorithm. It lets players verify the randomness of each round’s outcome.
Read Also: What Is a Crypto Casino? A Beginner’s Guide
Betting on the outcome of any event has been a favorite pastime of gamblers since ancient times. This applies to modern regulars of betting sites, including Ethereum sports betting ones. There, they have more advanced features, higher odds, bet selection, and markets. A huge number of sports events, including non-traditional ones, exist. These include darts, curling, field hockey, e-sports, and virtual football league matches.
Crypto betting sites also allow customers to bet on events outside of sports. This includes fashion, show business, and political elections.
The system of bonuses and promotions is also attractive and generous. Players can count on free bets, loyalty programs, and other rewards.
Poker is one of the most popular card games in the world. Thus, it was able to develop into a separate type of cryptocurrency gambling site. Modern crypto poker rooms run in browsers. They don’t need separate apps. This makes it easier for customers to access them. Their arsenal includes beloved games like Texas Hold’em, Stud, Draw, H.O.R.S.E., and Double Discarding.
Read Also: Crypto Poker: Comprehensive Guide and 5 Essential Tips
Advantages
The list of benefits of Ethereum gambling sites in South Africa is quite long. We propose that you focus on five main ones:
| Pros | Remarks |
| Decentralization | Due to the fact that cryptocurrency does not have a common central controlling body, such as a bank, your funds are protected from arrest, freezing, or other unpleasant activities |
| Negligible Transaction Fee | The amount of commission for making a cryptocurrency transaction is much lower than for a conventional currency transaction |
| Quick Verification | In most cases, the verification process on a crypto gaming site is many times faster and easier than on a standard one |
| Worldwide Acceptance | Thanks to the general availability of the crypto, you can make a deposit/withdrawal from anywhere around the Globe |
| Anonymity | Ethereum gambling, like playing for another digital currency, allows players to remain incognito and not disclose their winnings to fiscal authorities |
Disadvantages
Like any coin, crypto has its flip side. We also put the shortcomings of the cryptocurrency in general and Ethereum in particular in the table:
| Cons | Remarks |
| No Recourse | Since the crypto does not have a centralized controlling authority, you will not be able to return incorrectly sent coins for sure |
| No Chargebacks/Reversals | Cryptocurrency transactions unfortunately have no reverse. It means that if even the slightest mistake or typo was made, your funds would be lost forever |
| Volatility | Everyone knows that the digital currency market is quite unstable. In order not to burn out, we recommend you use the services of sites that accept crypto without converting it into regular currency |
Based on the comparison, the pros of using digital coins outweigh the cons, which explains their recent growth in popularity.
What are Ethereum gambling sites, and how do they work?
As the name implies, we mean crypto gambling sites. They use Ethereum for deposits and withdrawals. Crypto casinos, Ethereum gambling sites in South Africa, and crypto poker rooms will share these features:
Increased levels of security and anonymity for clients;
High transaction speed with a relatively low commission fee;
Top-quality gaming software based on the principles of Fair Play, increased bet odds, variety of bets, and markets;
Attractive bonuses and easy wagering conditions.
To become a client of one of the Best Ethereum gambling sites in South Africa, please read the next paragraph. Use it as a guide to action.
Step-by-Step Guide: How to Get Started at Ethereum Gambling Sites
You have decided to play for cryptocurrency and chosen ETH as a coin. Now you need to understand how to start. To do everything right, below we provide step-by-step instructions:
You need to start by choosing a wallet. There are many of them, and they come in different types.
e-Wallet. Of the browser-based Hot Wallets for storing Ethereum, the most popular is “MyEtherWallet.” They require an internet connection. It is simple, cold vault compatible, but has low security like any hot wallet.
Desktop Wallet. «Mist» is the leader among cold stationary ETH wallets. This is the brainchild of the Ethereum developers. Reliable and convenient, but it requires a lot of free space on your computer.
Mobile. One of the most popular mobile storages is «Jaxx». This is a free, multi-currency wallet. It is a browser-based app, with mobile and desktop versions.
Hardware. The most popular is Ledger Nano S. It connects to your mobile device. It’s very reliable and secure. The cons include a rather high cost.
There are many wallets for storing Ethereum. Which one suits you best is just up to you.
Read Also: Choosing the Perfect Crypto Wallet: Ultimate Guide
Further, you need to decide where you are going to buy Ethereum: on the exchange or from a private broker.
Exchange. It’s safer and cheaper, but it takes more time and is harder for some players. If you settle on this option, there are exchanges such as Binance, Coinbase, Kraken, Bitstamp, Bitfinex, KuCoin, OKX, etc.
Broker. Buying P2P crypto is more expensive due to a high commission. But it is faster and much easier. True, there is a danger of running into scammers, so it is always better to deal with a trusted broker.
Whether you play online slots or bet on sports, know the rules, terms, and game details. Study the Terms & Conditions. Read reviews by seasoned players. Watch tutorial videos and other materials. Always play for fun and keep your mind cool.
Choose the best Ethereum gambling sites in South Africa. Use the 5 criteria above to decide.
As soon as the site is selected, you can open a personal account there and make a deposit in ETH. After that, you just need to get a Welcome Bonus, whatever it is. Then, enjoy online gambling with Ethereum or play your favorite slots.
Bonuses of Ethereum Gambling Sites
Generally, crypto gaming sites have better bonuses than fiat ones. Digital currency allows you to receive various fairer incentives.
Let’s see what rewards are found on crypto-gambling sites:
Welcome Bonus
This is the reward that starts your acquaintance with the game portal.
After registering, if there are no other promotions, you may deposit and use the Welcome one. In most cases, such a bonus is multi-stage. For greater involvement of customers, you receive a reward for the first, second, third, and so on deposits. On some sites, you can even get a reward for your fifth deposit.
The bonus is a percentage of the deposit, up to 200% for the first one. It also includes free spins on a designated slot. Usually, the Welcome Bonus is subject to wagering. You need to carefully read its terms and conditions before starting the game, as there may be a trick here. The top Ethereum gambling sites in South Africa have fair wagering rules for the Welcome Bonus.
Let’s see what the Welcome Pack looks like with an example:
Make three deposits and get a 250% bonus of up to 6 ETH + 250 free spins.
The 1st deposit gives you an opportunity to receive a 100% reward of up to 2 Eth + 100 Free Spins;
The 2nd deposit will bring you 50% up to 2 ETH + 50 Free Spins;
The 3rd deposit will permit you to get 100% up to 2 ETH + 100 Free Spins.
Wagering requirements are x25 for the deposit + the bonus; the promo must be activated in 10 days. This means that if you deposit 1 Ether, you will receive a bonus of 1 more Ether. Your wagering in this case will be 1 + 1 Ether x 25. What remains after wagering will be instantly transferred to your wallet.
No Deposit Bonus
This is one of the most requested bonuses. It is a small amount of money or free spins. The crypto gambling site gives them to the player for registering, with no deposit required. It is usually given to newcomers as a welcome award, but can also be offered to regulars as a birthday or New Year gift. Most often, it is used by new gaming portals to create a customer base.
Free Spins
A very popular type of promotion, expressed in free spins in the designated slot. It can be a standalone bonus (No Deposit, Wager Free, Holiday Gift, Reload) or part of another promotion, like a Welcome, Reload, or Loyalty program.
No Wagering Bonuses
Another popular new bonus is the hallmark of many gaming portals: using cryptocurrency. This is a small amount in crypto, free spins, or a free bet that does not require wagering. All winnings from this bonus will be immediately credited to your wallet.
Reload Bonuses
To keep the attention of regular customers, gambling sites use this kind of promotion. They are expressed as a certain percentage of the deposit in a certain period. For example, players can receive a 50% bonus from their first deposit up to 1 ETH, plus 50 free spins during the weekend.
Loyalty Rewards
Also, to interest regular customers, gaming portals often use such an incentive system. It is a career ladder consisting of several levels. The more you play or bet, the further you move up this ladder. A level increase means, for example, a higher cashback rate, a lower wager rate, and bonuses like holiday gifts, free spins, and free bets. Also, sometimes the player is awarded game points. They can exchange these in the site store for various benefits.
Freebet
This is a kind of welcome bonus at sports betting sites. In case of success, the client receives only the winning amount. This is an opportunity to win real money without spending personal funds.
Read Also: The Best Casino Bonus Types at Online Casinos
Ethereum Gambling vs. Traditional Gambling
Ethereum gambling sites in South Africa give users an edge over fiat ones. Let’s compare these sites and understand:
| Options | ETH Gambling | Traditional Gambling |
| Anonymity | Most crypto gambling sites have a simplified registration and identification system. But even in the case of full registration, the use of a crypto wallet makes the transaction completely anonymous | In the case of conventional gaming platforms, the client must go through a full authentication process. In addition, the receipt of winnings to their account is completely controlled by the bank and some other authorities |
| Security | The level of security of crypto gaming sites is quite high, firstly due to the security of transactions of the cryptocurrency itself, and secondly, due to the use of cutting-edge data transmission encryption methods | A lot of traditional gaming portals use outdated data encryption methods and, as a result, become an easy target for hacker attacks |
| Fast Payments | One of the main advantages of blockchain-based gaming portals is the speed of transactions. And the leader in this direction is Ether. The transfer of your funds to your wallet is carried out instantly | Crediting fiat currency is incomparably slow and can even take up to 7 working days |
| Betting options | Best Ethereum betting sites offer customers a wider range of markets and betting types, including fashion, show business, and even political events | As a rule, fiat gaming sites offer a limited set of events and markets |
| Transparency | In the case of cryptocurrency, including when betting on Ethereum, Game Fairness is controlled using a special algorithm that allows you to track the result of any bet or round of the game | Traditional game portals have more opportunities to influence the outcome of a game round, due to the opacity of the process |
Thus, you can see a disproportionate difference between a crypto gambling site and its fiat competitor.
