Before you get started with online gambling at an Ethereum casino, it’s important to have your own Ethereum wallet. If you’re not familiar with what an Ethereum wallet is, a simple explanation is this.
What is an Ethereum wallet?
An Ethereum wallet is an app that allows you to send and receive Ethereum (ETH) or any other ERC-20 tokens, such as Polygon (MATIC) and Tether USD stablecoin (USDT). Upon setting up, you’ll be prompted to write down and save 12 English words.
These are your seed phrases or recovery phrases that will be used to recover your wallet if you forget your password, or if you’re setting it up on a different device.
The best Ethereum wallets for gambling
In summary, here are the top ten best Ethereum wallets for gambling. Keep in mind that best in this scenario will depend on each of the user’s preference, hence will be subjective depending on what you find is more accessible and useful for your gambling needs.
Below is a list of curated Ethereum wallets along with their pros and cons for you to consider using for online gambilng.
| Ethereum wallet | Pros | Cons |
|---|---|---|
| Coinbase wallet | – Sign up with email and directly buy crypto using credit card | – Need to withdraw crypto off the exchange to be able to use it. |
| Binance wallet | – Sign up with email and directly buy crypto using credit card | – Need to withdraw crypto off the exchange to be able to use it. |
| MetaMask | – You can quickly log in using MetaMask on casino platforms as it is a browser-based wallet. | – Limited to desktop devices. |
| MyEtherWallet | – You can quickly log in using MetaMask on casino platforms as it is a browser-based wallet. | – Limited to Ethereum and ERC-20 tokens. |
| TrustWallet | – Mobile wallet that you can keep an eye on everywhere | – Limited to mobile devices |
| Exodus | – Multicurrency wallet for Ethereum, Bitcoin, and more! | – Doesn’t offer instant wallet connection with online casinos, but that shouldn’t be a big problem. |
| Jaxx Liberty | – Classical Ethereum wallet that people trust | – Some people don’t like its old look. |
| Enjin Wallet | – Mobile wallet for all Ethereum tokens | – Limited to Ethereum and ERC-20 tokens. |
| Ledger Nano S | – Secure hardware wallet that you can use offline | – May not be suitable for beginners.– Costs around $80 US |
| Trezor | – Secure hardware wallet that you can use offline | – May not be suitable for beginners.– Cost start from $70 US |
All wallets listed here , except for Ledger Nano S and Trezor, are free to create.
For absolute beginners, we recommend using beginner-friendly crypto trading apps to buy and store crypto. However, eventually you must learn to use real Ethereum wallets to play in Ethereum casinos.
1. Coinbase Wallet
Coinbase is a US-based crypto exchange company that has the look and feel of a traditional crypto or stock brokerage for the everyday investor. If you just want to log in with your email or social media account, you can create a new Coinbase account and store Ethereum on a Coinbase wallet.
However, you must still learn to withdraw cryptocurrencies from Coinbase to your crypto casino if you wish to play on the casino.
2. Binance Wallet
Just like Coinbase, the Binance app allows you to buy Ethereum seamlessly with your credit card, and have your Ethereum tokens stored with them. You can also simply log in with your email account.
If you choose to use Binance, you must also learn to withdraw cryptocurrencies from the app to your crypto casino if you wish to play on the casino.
When you’re ready, get started with some real, non-custodial Ethereum wallets below:
3. MetaMask
MetaMask is a browser extension for Google Chrome that allows you to store, manage, and interact with your Ethereum and other ERC20 tokens directly from your web browser. It is a good choice because a lot of people have been using it, and its user-friendly interface makes it attractive for beginners.
4. MyEtherWallet
MyEtherWallet is also available as a browser extension for Google Chrome. Moreover, you can download it as a mobile app via the Google Play Store or the App Store. Click here for the mobile app.
MyEtherWallet is popular and secure because it is an open-source wallet. Like MetaMask, it allows you to store, manage and interact with Ethereum (ETH) and other ERC20 tokens directly from your browser or mobile device.
5. Trust Wallet
Another wallet that you can trust is the Trust Wallet. Trust Wallet is a multi-currency crypto wallet, which is why we highly recommend it to not only store Ethereum, but also other cryptos, like Bitcoin.
Trust Wallet is only available as a mobile app for both iOS and Android. You can say it’s more secure to use Trust Wallet on your mobile device if you carry your mobile device with you all the time — always keeping an eye on your crypto too!
6. Exodus
Exodus is another multi-currency desktop and mobile wallet that you can rely on. It has a user-friendly interface and offers a high level of security. However, in terms of security it is uncomplicated. You can make it as flexible as you want, for example, you can even leave your wallet unlocked if you’re already logged into your computer.
7. Jaxx Liberty
The website for Jaxx Liberty or Jaxx for short may look like it hasn’t been updated in terms of looks and feel. But don’t be mistaken — age comes with security strength. Jaxx is one of the classical wallets that beginners like to go to for its reputation. Jaxx is available for Windows, Mac, Linux, iOS, and Android.
8. Enjin Wallet
Enjin is a company that revolves around the Ethereum blockchain. Although it has its own token (ENJ), you can make use of its modern Ethereum wallet. The best part about Enjin wallet is that it makes storing NFTs so easy. If you gamble and win NFTs, you’ll know where to store them!
9. Ledger Nano S
If you’re more concerned about security, you can’t get any more secure with hardware wallets. Ledger Nano S is a hardware wallet, which works by storing your private key inside a separate device from your other Internet-connected device.
So, yes, you can receive Ethereum and ERC-20 tokens even if you’re offline! Not only that, it is a multicurrency wallet that provides an extra layer of security for your digital assets.
10. Trezor
This is another hardware wallet that allows you to store your Ethereum and other cryptocurrencies offline. Trezor comes with a few models and colors. If you like touch-screen multi currency wallets that are small yet versatile, choose Trezor.
The takeaways
Having your own Ethereum wallet is extremely important if you want to be doing anything on the Ethereum blockchain. This includes online gambling using Ethereum crypto tokens. Since most crypto wallets are free and easy to set up, there’s no reason for not having one!
Alternatively, if you’re planning to store large volumes of crypto, or prefer to have the absolute security for peace of mind, you can opt for a much more secure crypto hardware wallet, also known as a cold wallet such as Trezor and Ledger. There will be a bit of a learning curve, but the extra protection measures definitely make up for it.
On a closing note, it’s important to keep in mind that cryptocurrencies are known for their volatility and prices can fluctuate depending on the market condition. Be sure to do your own research thoroughly and understand your risk levels before proceeding.
