As you have probably already noticed, the entire gambling world is gradually switching to digital currency due to the inefficiency of using fiat money. Along with BTC and other virtual coins, you can often see Ethereum, a cryptocurrency and decentralized open-sourced blockchain, which was launched in 2013.
Presently, Gambling with Ethereum is at the peak of popularity due to its incredibly high transaction speed and other advantages, which we will discuss in more detail later in the article.
Types of Ethereum Gambling Sites in South Africa
As a rule, such sites have a set of obvious advantages in comparison with 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 primarily in the increased transaction speed, a high level of security, a simplified registration procedure that ensures the anonymity of their customers, as well as first-class gaming content from leading manufacturers. Such giants as Evolution, NetEnt, Playson, PragmaticPlay, MicroGaming, Play’nGO, Spribe, and others place their best creations there.
As a rule, the number of games offered for playing crypto is inferior to the arsenals of fiat casinos. However, 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 of them are based on the transparent «Provably Fair» algorithm, which allows any player to verify the randomness of the outcome of each round.
Read Also: What Is A Crypto Casino? A Beginner’s Guide
- Ethereum Sports Betting Sites
Betting on the outcome of any event has been a favourite pastime of gamblers since ancient times. This statement is also true for modern regulars of betting portals, including Ethereum sports betting sites. There, they have more advanced features and higher odds in terms of bet selection and markets. A huge number of different sports events, including non-traditional competitions such as darts, curling, and field hockey, as well as e-sports and virtual football league matches.
In addition to sports, on crypto betting sites, customers have the opportunity to bet on events from the world of fashion, show business, political elections, and more.
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. Therefore, it was able to develop into a separate type of cryptocurrency gambling site. Modern crypto poker rooms do not require downloading separate applications on your device but work perfectly from the browser, making it easier for their customers to access. In their arsenal, there are such well-known and beloved games as Texas Hold’em, Stud, Draw, H.O.R.S.E., Doble Discarding, and others.
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 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.
5 Criteria to Choose the Best Ethereum Gambling Sites in South Africa
In order not to get lost in the sea of many different gaming portals for cryptocurrency, we offer you five main criteria by which you should choose one where you can make gambling with Ethereum:
- Start with a license. If a gaming site doesn’t have it, then you have nothing to do there! There is a high probability that you will not be able to withdraw your winnings from there. If the site has a license, pay attention to who issued it. Most gaming portals are licensed in Curacao due to the relative simplicity of the acquisition process. Essentially, the gaming site is sub-licensed from one of the four private validator companies Antillephone N.V., Curacao-eGambling, Curacao Gaming (CG), or Curacao Interactive Licensing N.V.
More reliable licenses are those issued by the UK Gambling Commission (UKGC), the Malta Gaming Authority (MGA), and the Gibraltar Gambling Commission.
In any case, if a gaming site has a license, this indicates the seriousness of its intentions and you can try it if the other criteria turn out to be positive.
- Check the reputation of the gaming site. Best Ethereum gambling sites have excellent references from both reputable gambling reviewers and ordinary players. Very often, confirmation of such references is placed on the main page of the site in the form of clickable icons.
- Make sure the site you choose uses the latest data encryption protocols and meets high-security requirements. Otherwise, you risk being left without your funds at the time of the next attack by hackers.
- The content of the site is also of great importance. Self-respecting providers simply will not enter into agreements for the supply of gaming software with a gambling portal with a dubious reputation and without a license. However, make sure that the games featured on the site meet the criteria of Transparency and Fair Play.
Also, pay attention to bonuses and conditions for their wagering. Usually, bonuses on crypto gambling sites are more interesting, and wagering requirements are more profitable than on fiat ones.
- Last but not least on the list is customer support. Make sure support operators are quick to respond to customer inquiries and 24/7 available in a language you understand. Also, read the reviews of real players, how they are competent, polite, and able to help customers in various issues and situations.
Certainly, this is not a complete list of criteria by which it is worth selecting a gaming site. However, if you stick to these five basic parameters, you are guaranteed to avoid unpleasant moments.
What are Ethereum Gambling Sites and How Do They Work?
As the name implies, we are talking about crypto gambling sites that use Ethereum as a currency for deposits and withdrawals. Regardless of whether it is a crypto casino, Ethereum gambling sites in South Africa, or cryptocurrency poker room, their common features will be:
- Increased level of security and anonymity of 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, you just need to carefully read the following paragraph and use it as a guide to action.
Step By Step Guide: How to Get Started at Ethereum Gambling Sites
You have already decided for yourself that you are going to play for cryptocurrency and have chosen Eth as a coin. Now you need to understand how to start. To do everything right, below we provide step-by-step instructions:
- Choose a cryptocurrency wallet.
You need to start by choosing a wallet. There are many of them and they come in different types.
e-Wallet. Among the browser-based Hot Wallets (that require an Internet connection), in which you can store Ethereum, the most popular is «MyEtherWallet». 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 requires a lot of free space on your computer.
Mobile. One of the most popular mobile storage is «Jaxx». This is a multi-currency browser-based free wallet that also has an app for installation on both mobile and stationary devices.
Hardware. In this segment, the most popular is Ledger Nano S. It can connect to your mobile device, and it is super 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
- Buy some cryptocurrency coins
Further, you need to decide where you are going to buy Ethereum: on the exchange or from a private broker.
Exchange. This is a safer and cheaper, but more time-consuming and difficult option for some players. If you settle on this option, there are such exchanges as Binance, Coinbase, Kraken, Bitstamp, Bitfinex, KuCoin, OKX, etc.
Broker. Buying P2P crypto is more expensive since there is a rather 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.
- Arm yourself with knowledge
Regardless of whether you are going to play online slots or bet on sports, make sure you are fully familiar with the rules, terminology, and all the intricacies of the game process. Carefully study the Terms & Conditions section, read the reviews of experienced players, and watch tutorial videos and other materials. Always play for fun and keep your mind cool.
- Sign up with the Ethereum gambling site
Choose the Best Ethereum gambling sites in South Africa of your choice based on the above-mentioned 5 criteria.
- Open an account and deposit your crypto
As soon as the site is selected, you can open a personal account there and make a deposit in Eth. After that, you just have to get a Welcome Bonus, whatever it is there, and start enjoying the online gambling for Ethereum or the gaming process in your favouritе slot.
Bonuses of Ethereum Gambling Sites
As a rule, the bonus system on gaming sites for cryptocurrency is more attractive for customers than promotions on fiat ones. Digital currency opens up the possibility for you to receive a variety of incentives on a fairer basis.
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 completing the registration process, if there are no other promotions in the form of No Deposit or No Wager, you are invited to make a deposit and use the Welcome one. In most cases, such a bonus is multi-stage, that is, 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.
Such a bonus consists of a percentage of the deposit amount (sometimes it can reach up to 200% for the first one) and a certain number of free spins in the 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. Although, the best Ethereum gambling sites in South Africa offer fair wagering requirements 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 up to 2Eth + 100 Free Spins;
- The 2nd deposit will bring you 50% up to 2Eth + 50 Free Spins;
- The 3rd deposit will permit you to get 100% up to 2Eth + 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 a certain number of free spins that the crypto gambling site gives to the player simply for registration and does not require a preliminary deposit. 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 either an independent bonus (No Deposit, Wager Free, Holiday Gift, Reload) or part of another promotion, such as Welcome, Reload, Loyalty Programs, etc.
No Wagering Bonuses
Another bonus that is gaining popularity, which is the hallmark of many gaming portals using cryptocurrency. This is a small amount in the 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 + 50 free spins during the weekend.
Loyalty Rewards
Also, for the interest of 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. An increase in each level is accompanied, for example, by an enlargement in the percentage of cashback, a decrease in the wager rate, as well as other goodies in the form of gifts for the holidays, free spins, free bets, etc. Also, sometimes the player is awarded game points, which can then be exchanged 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
The use of digital currency and, in particular Ethereum gambling sites in South Africa, gives customers of such gambling portals undeniable advantages 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.
