Of all the cryptocurrencies in the world, Ethereum is one of the most well-established. Even though it was launched after Bitcoin, Ethereum became popular among investors in digital assets because it was the first crypto to implement smart contracts. That’s why Ethereum became among the most popular cryptocurrencies.
In 2013, the then-19-year-old programmer Vitalik Buterin presented the idea, and its development was quickly crowdfunded. In 2015, the Ethereum network went live with over 70 million coins. The token for Ethereum is called ETH or Ether, but nowadays, they’re synonymous.
Ethereum Online Casino Registration Guide
Ether is the cryptocurrency offered on the Ethereum online platform, and it’s being used as a currency itself and being bought and sold as a commodity. So, how do you use it for gambling?
You’ll need to open a wallet that is designed to hold all your cryptocurrencies. There are plenty of wallets on the market today, and here are some popular ones:
You can pick any of these sites. Just open an account by providing some basic personal information. There may be some additional verification steps, so prepare to complete them before you can buy your Ether.
How to Make a Casino Deposit Using Ethereum?
The following step-by-step procedure will help players understand how to deposit funds at an online casino using cryptocurrencies for the first time.
Step 1: The first thing players should do is find a suitable online gambling platform that accepts Ethereum as a payment method. Choosing an Entherum online casino should include software providers featured in the game selection, promotional offers and bonuses.
Step 2: Once you’ve chosen where to play, you’ll need to open an account at the casino. Trustworthy operators will have all the necessary information laid out for their potential users with a straightforward signup procedure.
Step 3: Upon registering, go to the Cashier section of the site. Select Ethereum as your deposit method, and you will be provided with the e-wallet address for your casino account. All you need to do is copy the details and use them as your destination once you specify the amount you want to deposit. When it comes to Ethereum, all transactions are instant, so transactions take place in a matter of seconds.
How to Withdraw Funds From Ethereum Casinos?
Ethereum withdrawals are simple, but the process may differ from one casino to another. Here’s what you’ll need to do to withdraw funds from an Ethereum casino:
Step 1: Firstly, check if you’re able to make a withdrawal from your online casino balance.
Step 2: Go to the Cashier page of the site and choose Ethereum as a withdrawal method. Make sure that the amount you wish to transfer is between the casino’s minimum and maximum withdrawal limits.
Step 3: Wait for the funds to reach your Ethereum e-wallet. Depending on the casino, It can take anywhere from 2 hours to 2 days for funds to get your e-wallet account.
Ethereum Limits at Online Casinos
The currency itself doesn’t involve any transaction limits, whether you’re depositing or withdrawing funds. Every online casino has its limitations, so keep that in mind.
Ethereum Casino Transfer Fees
One of the many reasons cryptocurrencies are favoured in online gambling is that they don’t involve fees, both from the casino and the payment interface. You should check the banking terms, but usually, there are no fees on crypto deposits and withdrawals.
How Long Does it Take to Move Cash Into a Betting Account Using Ethereum?
When it comes to deposits and withdrawals at online casinos, speed matters. One of the most significant advantages of using Ethereum is the transaction speed. Blockchain technology enables transactions to happen in a matter of seconds. Furthermore, these transactions are fast because Ethrereum doesn’t have intermediaries, such as banks.
Ethereum Payment Method Review – Casino Edition
Year by year, more online casino players are turning towards cryptocurrencies to carry out transactions. As you’ll see below, this payment method presents many advantages:
Speed: Many analysts say that Ethereum is “the faster Bitcoin”. Thanks to the reliability and effectiveness of Buterin’s blockchain interface, transactions are approved and executed in a couple of minutes. This is an excellent option for those who are tired of withdrawal waiting times.
Anonymity: Like any other cryptocurrency, Ethereum transactions are entirely anonymous. This is not the case with banking transactions or traditional e-wallets requiring sharing data (financial or personal) with the online casino.
Safety: What makes Ethereum exceptionally safe is that nobody can interfere with its bulletproof transaction system.
Lower fees: Sending and receiving funds using Ethereum is considerably cheaper than bank transfers. Moreover, some online casinos may charge users for requiring them to send a bank transfer.
How to Find an Ethereum Online Casino?
There are plenty of online casino sites players can find through Google search. However, it’s not easy to find which website accepts Ethereum, let alone find legitimate casinos that do. Since Ethereum is considered a newer payment method, you may have some trouble finding online casinos offering this payment method.
Luckily, you can find the best Ethereum casinos in some of our online casino reviews. You will see a list of recommended casinos on this site, so make sure to check it out.
Alternatives to Gambling With Ethereum
VISA is known all over the world as it is the most popular debit and credit card company. Thus, you will not be surprised to hear that VISA is accepted at most online casino sites and used by many people who play at these venues. There are many reasons for its popularity, from no casino fees to its safety and security.
Skrill is the most popular e-wallet both in New Zealand and around the globe. Most online casinos accept this payment method, and thus many players use it to make deposits and withdrawals. It’s easy to deposit using Skrill for online casino deposits and withdrawals, as you only need the email address and email to complete the transaction.
EcoPayz is another e-wallet that provides plenty of advantages for using it as an online casino payment method. It’s secure and keeps all your personal information private, making it ideal for gamblers.