Everyone knows Ethereum, one of the world’s most widely used digital coins. It is the foundation of multiple metaverses’ economies such as Decentraland and Axie Infinity. However, have you heard of Ethereum Classic? It seeks to maintain the original unaltered history of the Ethereum network. Its initial release came in July 2015, but its first stable version launched in November 2020. In short, Ethereum Classic is a decentralized computing platform that executes smart contracts.
Show more You must understand that the difference between Ethereum and Ethereum Classic is mainly ideological. The later version got birthed after a heated debate following a malicious hacker attack where $60 million in Ether got stolen. When that happened, a specific set of Ethereum users wanted to reverse the transactions on Ethereum’s hacked ledger, while others were against this. A vote took place, and the shareholders that wanted the transactions invalided won. The others decided to keep the blockchain tarnished by the attack and formed the fork known as Ethereum Classic. So these people committed to preserving the core code of the initial ledger and safeguarding its unadulterated historical records. Ethereum Classic’s native token is Ether, trading under the code ETC. It gets created as a reward for mining. Per the current Ethereum Classic monetary policy, it has the goals as Bitcoin, meaning being algorithmic, mechanical, and capped. It provides a decentralized Turing-complete virtual machine that executes scripts through an international network of public nodes.
You must understand that the difference between Ethereum and Ethereum Classic is mainly ideological. The later version got birthed after a heated debate following a malicious hacker attack where $60 million in Ether got stolen. When that happened, a specific set of Ethereum users wanted to reverse the transactions on Ethereum’s hacked ledger, while others were against this. A vote took place, and the shareholders that wanted the transactions invalided won. The others decided to keep the blockchain tarnished by the attack and formed the fork known as Ethereum Classic. So these people committed to preserving the core code of the initial ledger and safeguarding its unadulterated historical records.
Ethereum Classic’s native token is Ether, trading under the code ETC. It gets created as a reward for mining. Per the current Ethereum Classic monetary policy, it has the goals as Bitcoin, meaning being algorithmic, mechanical, and capped. It provides a decentralized Turing-complete virtual machine that executes scripts through an international network of public nodes.
Ethereum Classic (ETC)
Еthereum Classic casinos are interactive gaming platforms that allow you to make ETC deposits and withdrawals. They are crypto casinos that accept ETC, among other coins. We have never heard of an Ethereum Classic-only site and likely won’t any time soon, as this is still quite an alternative coin.
All of them. We do not foresee any issues with you making ETC bets on any game at a gambling platform accepting ETC. If you can fund your Ethereum Classic crypto casino balance with ETC, you should be able to enjoy all the gaming products that that platform has to offer.
You should find reel-spinners at any modern online casino that features ETC in its payment arsenal. Slots are the predominant online gaming genre, and these simplistic yet exciting gambling games are on offer to Ethereum Classic enthusiasts.
Nowadays, online table games exist in the live dealer and software/format. The first category is more popular, even though they are slower to play. The element of human interaction and the authentic casino feel available at these studios tables is why most players prefer them over software variations. Thus Ethereum Classic live blackjack, baccarat, and roulette are on hand at most online casinos that take ETC wagers.
Specialty titles are lottery-style gaming or products that do not neatly fit in any other category. The most common Ethereum Classic games inside specialty games tabs are keno, scratch cards, and bingo.
Provably fair games are ones where you can validate each result and reset their random number generation. Examples of titles in this genre are dice, crash, hi-lo, and Plinko. Many players love these because their house edges are even lower than most table options.
Yes, there are some online sportsbooks out there that accept ETC. Note that there aren’t loads of them, but they do exist.
Below, we give you the three top reasons why playing with ETC at online casinos is a good idea.
Like all other coins, Ethereum Classic transactions also happen anonymously.
There is no trading fee for Ethereum Classic, and its withdrawal one is 0.005 ETC.
Unlike Ethereum, there is a limited supply of Ethereum Classic. It has a set limit of 230 million tokens. Thus, keeping ETC in your casino balance may prove a worthwhile investment, as its value may rise as its ecosystem grows. However, that does not seem super probable.
The principle cons of holding onto and gambling with ETC are:
There are only a few crypto casinos that we know of that accept ETC. Therefore, you may struggle to find one that suits your tastes.
Ethereum Classic has a history of suffering various attacks that have deteriorated many users’ trust in this platform. In 2019, Coinbase even temporarily stopped ETC transactions for some time.
ETC has the problem of being the brainchild of a hack. Interest in it peaked in mid-2021 but quickly dropped off to where it was at the start of the year. Given its negative image, many users fear for the future of this coin. Know that due to the number of attacks Ethereum Classic has experienced, its number of ETC confirmations keeps rising. At the time of writing, their number is substantially more than other established cryptos.
According to CoinSwitch, the best ETC wallets are Ledger Nano S, Trust Wallet, Classic Ether Wallet, Trezso, Jaxx, Atomic, Exodus, Guarda, and MyEtherWallet.
You can buy ETC on Exmo, Kraken, Poloniex, Binance, Gate.io, BitFinex, and Coinbase.
When you buy and hold ETC in your crypto wallet, you can deposit some of these funds with your chosen crypto gambling site. As mentioned, because of the number of confirmations needed for ETC transactions to go through, it may take a while before your deposit reaches your Ethereum Classic casino account.
If an ETC casino appeals to you, before creating an account and playing its games, check the following three criteria:
As a customer, you should demand that you get treated as a valuable asset to every online gaming platform that you use. That means that when you encounter a problem with your use of a specific crypto casino’s service, it should have knowledgeable representatives on standby. Such individuals should be eager to assist you in resolving your issue with their site. Today, 24/7 support is the industry standard, so do not settle for less.
Everybody wants to get their winnings swiftly. To accomplish this, you need to play at sites with low KYC. That is a mandatory identity verification procedure that you will have to complete before your first withdrawal. You may also get asked to go through it sporadically and when you win a sizeable award. It is an annoying process that can grow to become complicated. Thus, it is best to target sites that have undemanding KYC requirements.
If you are going to test your luck on casino-style products, why not get access to hundreds of them. Doing so ensures that you never get bored, as you can quickly jump from game to game, enjoying multiple gambling genres.
We’ll end by answering a few of the most asked questions concerning ETC and Ethereum Classic online casinos below.
Sadly, no. Ethereum Classic is for all intents and purposes, like Ethereum. However, most casinos tend to prefer the original. This is a pattern that is changing, though, so check our sites to find top betting domains that do accept Ethereum Classic.
It’s rare to find any cryptocurrency that offers transactions that are ever truly free of charge. Ethereum Classic has fees (withdrawal) costing around 0.005 BTC, but there are no fees to trade with the cryptocurrency.
You might be able to. Most of the major live casino software providers have made Ethereum a user-friendly cryptocurrency in their games. It is not that much of a stretch to imagine that they will also permit ETC gameplay.
Ethereum Classic offers more anonymity than most other cryptocurrencies but has been known to suffer more “attacks”. Crypto exchanges have been known to remove ETC when this happens, so the jury is still out on that one.
If Ethereum Classic is accepted at a crypto casino, there’s a reasonable chance that you can claim a bonus with ETC. The trouble is, there is only a limited number of casinos that accept Ethereum Classic, and most of those offer in-house, proprietary games that are not ideal for bonuses.