Ethereum is the second largest crypto currency by market cap, only behind Bitcoin. Ethereum has become an increasingly popular payment method across many new and old online casinos. The quick transaction speeds and outstanding security technology behind each payment make this a desirable method of deposit and withdrawal for players.
The digital currency is arguably the most secure and efficient crypto in the market. The Ethereum network has been built with indestructible security and it performs at exceptional speeds, so all transactions are carried out swiftly and securely.
Ethereum is widely accepted across new and old casino sites alike. The crypto can be easily purchased from any exchange and moved in an instant to fund casino play. The digital currency is a popular choice amongst crypto-educated casino players, allowing users to move money without payment limitations, verification, and timely processes.
Keep on reading to discover more about this digital currency.
Ethereum is the native token of the Ethereum blockchain network. The Ethereum blockchain network has developed to allow developers to build and publish smart contracts and distributed applications (dApps) on. This programmable blockchain is basically a marketplace for financial services, games, and apps, which are paid for in Ethereum.
Because of this, the native Ethereum token has rocketed in popularity and sees more transactions than any other cryptocurrency, including Bitcoin. Unlike Bitcoin, there is no limit to the number of ETHs that can be created on the network. However, the crypto technology is undergoing a long-awaited upgrade known as Ethereum 2.0. This is to address congestion problems and reduce the notorious gas fees.
You can purchase Ethereum on any reputable crypto exchange, including Gemini, Binance and Coinbase.
Ethereum is the most popular crypto payment across online casinos that accept cryptocurrency payments. Here are some of the benefits:
Ultra-Secure: The digital currency has the most powerful and secure blockchain network, which cannot be compromised by any online threats.
Fast payments: All deposits and withdrawals are processed in an instant on the blockchain, no human interference needed.
Access: Most people around the world can purchase and own Ethereum and transactions can be carried out globally without restrictions.
Anonymity: Ethereum, like other crypto options, does not require users to verify or give up their identity. All transactions are recorded on the Ethereum blockchain ledger.
Mobile service: You can also send and receive your funds through mobile devices thanks to the many available crypto exchange apps.
Low cost: There is no charge to make a payment using Ethereum, but the casino may apply their own charge on deposits and withdrawals.
You can get set up with Ethereum in just a few steps and join the thriving world of digital currencies.
You can follow the simple step-by-step guide below to register for a Ethereum account:
1. Sign up for a crypto exchange (like Binance, Coinbase, Crypto.com)
2. Fill out your personal information, including address
3. Verify your exchange account by phone, email, and government-issued ID
4. Fund your account using your debit or credit card
5. Exchange your funds for Ethereum
6. That’s it. You’re all set to make Ethereum transactions
Although making online transactions is only one of many functions on the Ethereum network, it still offers convenient and secure payments. Ethereum eliminates the need to deal with banks or any other third party when moving your funds.
Another huge perk to using this digital currency is the speed in which it takes to complete a transaction. Casino players are tired of waiting up to a week to receive their winnings, with Ethereum and other digital currencies, you can enjoy your well-earned winnings right away.
You can even enjoy enhanced bonus offers when you make a deposit using Ethereum or another crypto option. These offers are usually available on those fully crypto operators and be sure to check Ethereum is accepted as on some occasions, it is only Bitcoin that is accepted.
What’s more, you will not have to go through a process of uploaded personal documents and verification steps required by regulated payment options. The world of cryptocurrency is not regulated by a governing body, so you can bypass any annoying KYC process.
If you’re a player who likes a little more bang for their buck, it’s always worth checking for a welcome bonus. More casinos are creating crypto friendly deposit offers so keep an eye out, and always make sure you read the terms and conditions before committing to any offers.
Making a deposit usually follows the below process:
The withdrawal process is just the same as the deposit process, you will also receive your funds in no time at all, so you can enjoy your winnings without delay. Here is the process of making a withdrawal using Ethereum.
Ethereum fees are known as ‘gas fees’ and these are widely talked about for being too high. However, these fees do not apply to general transactions such as casino deposits and withdrawals. The fees are based on how much computer effort is required and since regular transactions don’t take much effort, the Ether fees are generally low.
Moreover, the transaction is sent from one account to another in a matter of seconds, with everything recorded on the blockchain and referenced by a unique transaction code.
It’s important to keep your crypto funds safe and secure. You can do this by using two-factor authentication, using a strong password, storing your funds on a hardware wallet and more. Since Ethereum is a digital currency, it can be prone to threats if stored on a crypto exchange, although these are rare.
However, if you store your funds in a secure wallet you can be sure of excellent protection. The only way someone can break into your wallet is if you lose the private keys, so make sure you keep them written down and locked away safely. You will only ever get one set of private keys, if you forget your password to your account and lose or forget the private keys, you will not be able to access your funds.
We are seeing more casino operators launch with just crypto as a payment option and many established operators partner up with crypto payment services. The low costs, instant transaction times and robust security make it a perfect payment method.
Some of these crypto-friendly casinos also offer slots and table games that utilise a blockchain network. The random number generators operate on the blockchain and therefore, can be monitored but never manipulated. These games guarantee fair payouts and provide further peace of mind.
Casino players are getting more demanding with the gaming content and so new crypto operators are stocking their library with the best online casino games from the most adored gaming providers. These casinos offer thousands of top-rated slot games and tables from software providers like Big Time Gaming, Barcrest and NetEnt.
The games are built using mobile friendly technology so you can enjoy all the awesome games straight from your pocket. These mobile casinos offer a seamless experience with easy usability when claiming bonuses, exploring games, and making crypto transactions.
We remind our players to only join a new online casino if it's licensed and regulated. You will only find casino sites that are reputable and trusted on our site.
If you are not convinced to use Ethereum as a deposit or withdrawal method, then you can check out one of the other top digital currencies.
Here are the best alternatives to this payment method:
Bitcoin: Bitcoin is the original digital currency and the most popular. Bitcoin offers rapid payments, unbreakable security, and a limited number of coins.
Tether: This is a stable coin currency that will always be pegged to the same value as the US dollar, so you don’t have to worry about volatile price fluctuations.
Litecoin: Litecoin is another popular and widely accepted crypto payment. A spinoff from Bitcoin, it uses much of the same technical mechanics, without the huge price movements.
There are lots of worthwhile reasons why more and more casino players are opting to use cryptocurrency to move money into their real money balances. Ethereum as a crypto is one of the most reputable and trusted tokens, offering super security, lightning speeds and of course, plenty of privacy.
Because Ethereum is not run or regulated by any government or administration, you can forget about verifying payments. This means players from countries that couldn’t play online casinos with regulated payment methods can now join up and enjoy all that the casino has to offer through Ethereum deposits and withdrawals.
1. Why should I use Ethereum?
Ethereum offers its users fast, fast, and stress-free payments. Moreover, you can often make casino transactions without deposit and withdrawal limits.
2. Do Ethereum Casinos offer fast payouts?
Most certainly, making casino payments through the Ethereum networks means wait times are minimum and you can get hold of your winnings in just minutes.
3. Can I get casino bonuses when paying via Ethereum?
Although crypto friendly bonuses are not as common as regular bonuses, more casinos are creating bonus offers for crypto uses, which usually offer higher bonus amounts.
4. Are my details safe with Ethereum?
You will not be required to associate your personal details to an Ethereum transaction, so you never have to worry about your information being compromised.