Out of all the cryptocurrencies available for gambling, Ethereum is one of the more interesting ones. This is because Ethereum has more expansive potential with its smart contracts. When it comes to Ethereum online casinos in India, not much has been developed on the smart contract end, but there are still multiple advantages available to bettors. This page was created exclusively for India bettors looking to gamble online using Ethereum as an alternative India online casino deposit method. You will find information on which sites are best to use, how Ethereum gambling works and more.
Is Ethereum Gambling Legal In India?
Yes. Gambling laws in India permit online gambling if it is done through licensed and regulated venues. Legitimate online casinos that accept India players are beginning to trend towards the cryptocurrency platform rather quickly. Residents in Sikkim can participate in legal domestic online casinos, but anyone living outside of Sikkim is denied access. There is a law in India that can affect online gambling. This is the Payment Settlement and Systems Act. It grants the Reserve Bank of India the power to block online payments using credit/debit cards, eWallets and other methods. Ethereum is not tied to any bank or regulated by any government, so it is therefore untouchable under the Payment Settlement and Systems Act. The law does not make gambling illegal, but it complicates how you can fund your account. Ethereum solves this issue and allows residents to make deposits and withdrawals without any issues.
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How Do Ethereum Transactions Work?
You first need an Ethereum wallet to make transactions. Once you have a wallet, you can send the Ether you purchase to an online storage. You can purchase Ether through online exchange services or through private sellers. Go to the Cashier page of the online casino and select Ethereum as your preferred deposit method. You must enter in the amount of Ether you wish to send and the digital wallet address to send it to. This will be provided from the online casino site. Withdrawals work the same way except for the fact you enter in your own digital wallet address.
What Are Ethereum Smart Contracts?
Smart contracts are applications developed on the Etherum blockchain. Whereas Bitcoin is specifically built as an online currency, Ethereum has more of a purpose than that. Developers can build out applications that process automatically once certain conditions are met. This can be applied to gambling with technologies like Provably Fair. This allows gamblers to test the fairness of their games in real time after each turn. Since cryptocurrency gambling is still a relatively new platform, smart contracts have yet to make a direct impact on online gambling. However, as Ethereum grows, more will be developed and potentially attached to online gambling sites.
What Types Of Games Are Available In Ethereum Casinos?
You will find different types of slots, 3D slots, table games, video poker, specialty games and more. These games are powered by leading iGaming software providers. Each category has several games within it, such as craps, roulette, blackjack, etc. You will also come across different versions of favorite games.
For those looking for a Satta Matka style game, consider giving Keno a try. Keno is a lottery-style game that is closest legal option to Satta Matka. You can find Keno in our recommended Ethereum India online casino sites.
What Perks Are Available With Ethereum Gambling?
Bettors have found multiple advantages to using Ether to fund their online casino activity. These range from transaction privacy to speed and combine to heighten the overall online casino experience.
- Ethereum transactions are protected. Ether wallets are built to thwart any sort of hacking or illegal theft. Transactions are monitored by miners on the blockchain. Offshore casinos employ their own security profile to safeguard your personal and financial information.
- Transactions are anonymous. Cryptocurrency transactions do not require you to enter in any sort of personal information like your name, billing address, etc. All you need to do is input the amount of Ether you wish to send and the digital wallet address provided to you.
- Ethereum transactions do not have any additional fees attached to them. This is because there is no partnerships with any banks or financial institutions. Bettors get the most out of their winnings using cryptocurrencies.
- Ether transactions process instantly. With most other transaction methods you have to wait for approval from your bank or credit card company. Ether transactions do not require this and therefore process instantly.
Are These Ethereum Online Casinos Fair?
Yes. Random Number Generator (RNG) technology is used in all of our recommended casinos. This works by using mathematical algorithms to create randomized card and slot drawings on each turn. RNG technology is frequently inspected by iGaming technology providers to ensure it is working properly. Casinos must incorporate this technology to keep in line with the conditions of their license.
Do India Ethereum Casinos Have Live Dealer Games?
Yes. You can find multiple live dealer games on Ethereum online casinos. They are mostly reserved for table games, but the live dealer section of online casinos will likely be expanded in the future. For those who don’t know, live dealer games use a camera feed to take you to an actual brick-and-mortar table with a real dealer.
Are There Ethereum Bonuses With India Online Casinos?
Yes. Ethereum bettors can find cryptocurrency bonuses that serve as match bonuses. This when the online casino matches your Ether deposit by a percentage up to a certain amount. Bonus funds can be used anywhere within the casino, though there are often rollover requirements that can affect when you are eligible to make withdrawals. These are in addition to the other standard bonus offerings.