More and more Aussies have started using cryptocurrencies when they are depositing and withdrawing from online casinos. The two most popular cryptos are Bitcoin and Ethereum, and in this article, we’ll compare them to find out which one is the best one to use.

We’ll look at everything from their availability at casinos, if you can claim bonuses, the speed of the transaction, and more.

For all the aspects we’ve looked into, we’ll tell you which crypto comes out on top, or if there is even a difference. Make sure you read the whole article to find out which is the preferred crypto when we compare Bitcoin and Ethereum for online gambling.

Casinos Accepting Bitcoin and Ethereum

Bonus Availability With Ethereum and Bitcoin

Nowadays, there are very few online casinos that accept cryptocurrency that doesn’t accept both Bitcoin and Ethereum for deposits. This didn’t use to be the case, as Bitcoin was the crypto that was the widely accepted one.

In the course of the last couple of years, most crypto casinos support a long list of cryptos, and both Ethereum and Bitcoin are always among them.

In terms of withdrawals, it’s also almost the same availability across these two popular cryptocurrencies. There are a couple of casinos that only support cashouts to Bitcoin, but these are just a few exceptions, as almost all will allow you to withdraw using Ethereum too.

So, in terms of acceptance of the currencies at most Australian online casinos, Bitcoin and Ethereum are more or less neck to neck, with Bitcoin maybe just a tiny bit ahead.

Across the various online casinos that accept crypto payments, most will let you claim a bonus using both Ethereum and Bitcoin. You might find some exceptions, as there are still some that only offer bonuses for fiat payments.

Sometimes, you might find special bonuses and promotions only for crypto users, and at some select casinos, these offers are only available to Bitcoin users. Therefore, if you’re looking to claim bonuses, Bitcoin might have a bit of an edge over Ethereum.

However, it’s just a sliver, as most casinos offer the exact same bonus offers for both Ethereum and Bitcoin.

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Wider Range of Transaction Limits With Bitcoin

How fast a transaction is processed depends on the blockchain, and since Bitcoin and Ethereum have separate blockchains, there will be some slight differences.

Most of the time, paying with any cryptocurrency at an online casino gives you a fast transfer that’s completed within a few minutes. If it takes longer than that, it’s because there’s congestion in the blockchain, meaning it’s busy with lots of transactions happening at the same time.

Typically, this happens more often with Bitcoin than with Ethereum. Most casinos estimate up to 15 minutes of waiting time for an Ethereum transfer, while they estimate up to 60 minutes for Bitcoin.

This means that if you’re looking for the fastest possible transfers, Ethereum should be your choice.

If you deposit or withdraw funds with cryptocurrency then all the various currencies can have their own minimum and maximum transfer amount. What the limits are is dependent on the casino, so it can vary widely from one operator to another.

In some cases, the minimum deposit limit is higher for Bitcoin than for Ethereum, but most often it’s the other way around. We’ve often seen that you can deposit $20 with Bitcoin and $50 with Ethereum.

Then, when it comes to withdrawals it’s not uncommon that the highest limits are offered to Bitcoin users.

At the majority of online casinos, the limits for Bitcoin and Ethereum will be the same. But at the casinos that have chosen to have different limits per crypto, Bitcoin tends to have the widest range.

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Fees and Other Charges for Crypto Payments

Safety and Security of Ethereum and Bitcoin Transfers

It’s very uncommon for an online casino to charge a fee for crypto payments. It’s most often fee-free to both deposit and withdraw, with any of the cryptos the casino accepts.

However, you should always remember that there will be a fee charged by your crypto exchange and your crypto wallet.

So before you decide to use either Bitcoin or Ethereum for your casino payments, make sure that you calculate the fees associated with your transfers.

When only considering online casinos and their fees, you’ll find that there is no difference between the two most popular cryptos.

Conclusion

When it comes to using either Bitcoin or Ethereum for deposits and withdrawals at an online casino, the safety of the transfers is the same. Your personal details are secure at the casino, and there’s no risk of anyone gaining access to your information through the site.

Furthermore, the transfers are made from your crypto wallet, so not even the casino has access to this information. The security is therefore entirely dependent on the wallet you use.

As part of the security at online casinos, you’ll need to verify your account and perform a KYC process. Most casinos won’t ask you to verify a crypto wallet, but if they do, the process is the same for both Bitcoin and Ethereum.

You’ll just have to send in a screenshot of your profile page in your Ethereum or Bitcoin wallet.

After having compared using Bitcoin and Ethereum at Australian online casinos, we can conclude that the experience is more or less the same.

The few differences have to do with transaction time and limits, where Ethereum is preferred for the speed while Bitcoin is preferred for the limit ranges. In terms of the availability at casinos and the bonus eligibility, there are next to no differences, as Bitcoin comes in at just a slight advantage.

With both these popular cryptocurrencies being among the most popular payment methods at Australian casinos, operators have made sure using them is a smooth and easy experience. But which one you should choose is mainly just up to your preference.

Read More About Cryptos

Before you set sail on your blockchain-powered adventure, be sure to read our guides. From wallet wisdom to crypto coin conquests, we’ve got all you need to know to help you outwit the odds and strike it rich.

Eve Luneborg

Sub-editor & Casino Content Maestro

Eve Luneborg has been a dynamic presence in the online casino industry since 2014, starting at a burgeoning casino in Malta that has now become a leading gambling site. Initially a support agent, she progressed to handling payments and training new staff on processing withdrawals and KYC documents.

In 2016, Eve transitioned from casino operations to become a writer in the iGaming industry.

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