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Ethereum Gambling
Ethereum is a cryptocurrency that is fast becoming a go to option for online gamers. Blockchain is what has been used to build up Ethereum. Here is what you need to know about gambling with Ethereum and the brilliance it is bringing to the gambling world.
Ethereum Casino
Ethereum like Bitcoin, is a cryptocurrency that enables quick payments, that can be done anonymously from anywhere in the world. It is known globally as a decentralized platform for different modern applications and money. It is focused on running programming code. There are miners who make use of Ether, with the aim of earning Ether crypto tokens. Ether is unique as it is based on blockchain, but offers more than just cryptocurrency or virtual money.
Ether as the blockchain token for Ethereum is also known as ETH. This is one cryptocurrency that is amongst the top three in the world, with a market value of $16.34 billion.
Flexibility of Ethereum
Flexibility is at the core of what you can expect to enjoy from gambling with Ethereum. ETH is a crypto that focuses on the needs of the real world, and adjusts accordingly to meet these needs. It also has leadership that can be identified, which makes it much easier to respond to any issues that arise.
Security of Ethereum
To understand the security of gambling with Ethereum, it is worth looking at what happened in the past. In 2016, there was as a decentralized venture capital fund that was hacked. This led to a massive loss of ether, more than $60 million in value. However, this should not have anyone believing that there is a significant issue with Ethereum when it comes to security. It is actually highly secure, though one should note that security issues may arise with the contracts that are built on Ethereum. These issues are the downside of having so much flexibility and developers experiencing extensive freedom. The blockchain itself has close to no vulnerabilities.
How to buy Ethereum
Buying Ethereum is easy, as there are several ways that you can do so. There are platforms online, such as Coinbase, Bitstamp, Binance, Kraken and Gemini. On these platforms, you are able to create an account and purchase Ethereum. The first step is to create the account. Then you need to verify your identity using photo ID. Then using your debit or credit card, or a direct payment from your bank account, you can purchase Ethereum.
Ethereum vs. Other Cryptocurrencies
Ethereum competes primarily with Bitcoin and Ripple. Bitcoin is the most common cryptocurrency that ETH is compared to. By 2019, it stood out as a more promising investment option that Bitcoin. The popularity could also be because there are a number of Fortune 500 companies and financial institutions that are making use of ETH. Investors are also focusing on ensuring that ETH forms a part of their investment portfolios.
ETH also has the benefit of speed when it comes to transactions. Other cryptocurrencies typically have longer times for confirmations. Also, in comparison, they charge higher fees. ETH stands out for being quick and offering great value. More platforms and casino are starting to accept ETH, making it incredibly easy to spend.
Ethereum in Online Gambling
Modern gamers are all for making use of virtual currencies in their gaming experience, especially with decentralized applications. The biggest benefit of ETH gambling on online casinos is the transparency, due to the decentralized peer to peer network. The Smart Contract also ensures that rules can be incorporated to better control the gaming experience. As all this information is available for anyone to see, there is no room for cheating.
Why Should You Gamble with Ethereum
Wondering how to gamble with Ethereum? Have you managed to net yourself a big win? Great. Now try depositing this into your bank account and the joy that you feel could quickly ebb away. In some cases, the funds could even be frozen within your account. This is because making deposits into banks could often attract a significant number of questions, and investigation. You will need to justify where you got the funds from or how you earned it. Ethereum gambling has the benefit of being decentralized. This means that as a currency, there is no bank that has jurisdiction over the currency, and any transactions that are made with it.
Is it legal to Gamble with Ethereum?
Yes, Ethereum gambling is legal. However, you must find the right site so that you don’t run into any problems. The US has the most regulations when it comes to gambling transactions. Sites are regulated by the Unlawful Internet Gambling Enforcement Act (UIGEA). However, the UIGEA focuses on banks and other financial institutions by closely monitoring them. To date, there has been no mention from the UIGEA that cryptocurrencies are illegal on gambling sites. In regards to the law, there are no federal laws that are putting a stop to US students using offshore gambling sites that have been licensed. These are the best sites for using Ethereum gambling.
Advantages of ETH Casino
There are a number of advantages of ETH gambling and they include:
- Fast transactions that can be done in seconds is a key attraction of ETH casinos. This is due to the Ghost Protocol which helps hasten the reading of blocks of data. This is much better than other cryptocurrencies like Bitcoin, which can take several hours to read a block of data.
- Low charges that may even be described as negligible are what you will experience when you are using ETH. This makes it possible for you to spend more time playing online games, while also cutting down on the amount that you spend to do so.
- Privacy is the third advantage. When using ETH on a gaming site, you do not need to provide any personal information such as your name and email address. This is because on most sites that take ETH, you do not need to register anything. Your IP address will be your key identifier, allowing you the luxury of playing anonymously.
Anonymity in ETH Casinos
Most online gambling casinos require a significant number of documents from players, when it comes to transacting. This includes making deposits as well as withdrawals. Some of the documents that are requested include credit card copies, photo identification and in some cases, utility bills. When using a cryptocurrency, you have the advantage of anonymity. To use ETH on an online casino, you only have to deposit funds into your ETH gambling wallet. For withdrawal, you can choose a wallet of your choice. You do not need to have a myriad of documents to open up your ETH wallet. This ensures that you can keep your personal information safe, and play anonymously as well.
Speedy Transactions
Transactions may take several minutes when you are going through the paces on an online gaming website. With ETH, confirmation can take mere seconds, typically less than twenty seconds. You can quicken your gaming time since once you make a deposit, kicking off your play is almost instantaneous.
Fast and Easy Withdrawals
Speed of withdrawals is best evaluated compared to a competing cryptocurrency. Bitcoin being the biggest competitor has proven to be slow when it comes to withdrawals. ETH on the other hand is much faster, completing transactions in seconds. In fact, there are sites that believe that it has an instant withdrawal feel for a virtual currency.
Transaction Fees
Ethereum online gaming sites have the benefit of cutting out the middle man. This has an effect on privacy as personal information does not need to be shared for a transaction. Furthermore, this reduces the total amount of transaction fees that a player needs to contend with. In fact, the typical amount that a player is charged when transacting with ETH is 0.00004 ETH. For a gambler who is looking to maximize on wins, this is excellent news.
Trusted Ethereum Casinos 2019
There are a good number of Trusted Ethereum gambling Casinos that you can experience. Here are a few worth noting.
- FortuneJack
Should you have been seeking out a poker site, that also makes use of ETH, then this is an excellent option for you. This stands out as a site that is known for being trustworthy and attracting a host of brilliant players. Poker is not all that this casino has to offer. It also includes roulette, slots, blackjack and instant gaming options. As an additional benefit, other than ETH, you will find a range of other cryptocurrencies on the site. - BitcoinCasino.us
This is a site that carries an American theme, and which also offers ETH gambling. Players appreciate the extensive range of games, that include the slots, table games as well as some video options. With cryptocurrencies at the helm, payments are also very fast. The only challenge that this site presents is the support is not available 24/7. - Crypto Games
Known as a site that embraces cryptocurrencies, you will find that you can easily use ETH on this site as well. This site has all the popular offerings starting with slots, table games, video poker and even lotto games. The special feature that you will find here is that it offers dice gambling as well.
How to deposit in Ethereum Casino
There are a few little steps that you need to follow when you want to deposit with Ethereum. First, you have to generate a wallet address where you can deposit from your ETH wallet. Once done, you should then go to your ETH wallet so that you can make a direct payment into the casino in the wallet address. Typically, this will take less than 20 seconds. Once done, you will find that the ETH has been deposited into your casino account. There are some casinos which will then convert your ETH into another currency, while others will allow you to place your wages in ETH.
Are there Provably fair Ethereum Games?
Full transparency and automation are a key feature of gambling with Ethereum games. This comes down to the Ethereum smart contracts and provably fair games working hand in hand. The Ethereum platform is still working out a few kinks which will make it possible to hasten the verification process. This will avoid challenges that arise when gambling in real time.
What Games Can You Play in Ethereum Casino
Ethereum casinos are very much like normal casinos when it comes to the game offerings. This means that you will find an extensive range of games to experience. To begin with, there are slot games which include traditional slots as well as video slots. Table and card games such as blackjack and roulette can also be found in ETH casinos. If you love poker, these games are available as well as instant games such as keto and lotto.
Wagering On Games with Ethereum
Once Ethereum is in your gaming wallet, you may choose to change it into a currency for wagering, or to simply play with it as it is. Wagering is simple, just as it would be with other currencies.
How Do We Rank Ethereum Casinos
We take ranking gambling with Ethereum casinos very seriously, and use strict criteria when it comes to sharing our finding. Here is what we look out for:
- Games available – We investigate the games that are available, and only share sites that feature modern, exciting games with clear graphics and brilliant sounds.
- Bonuses and Promotions – The best Ethereum casinos also have lots of bonuses and promotions for players to experience. We ensure that we vet these promotions, and recommend which ones offer the most value.
- Deposits and Withdrawals – We test out the deposit and withdrawal systems on the site to ensure that transactions can be done in a few seconds.
- Customer Support – Getting help when you need it is crucial. We test out all the support methods available. This helps us inform players on the best support method to try.
Ethereum Casinos are on the rise and cryptocurrencies are great for quick deposits and withdrawals at online casinos. Like Bitcoin, it uses blockchain technology to provide a safe, anonymous way to make online transactions.
Online players like to use Ethereum for the following reasons:
- Easy to Use
More and more online casino sites are adding Ethereum (ETH) to their payment methods. As it offers various advantages over rival banking options, many players find it is their favorite deposit method.
Ethereum Online Casinos
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Complete Guide to Ethereum Casinos
Ethereum has similarities and differences to Bitcoin. A big part of this online Ethereum Casino Guide will compare and contrast the two. We’ll also compare them to other banking methods.
We will explain how to deposit and withdraw ETH at an online casino. Crypto casino payments are much faster than credit cards, web wallets, and bank transfers. They also protect you from identity thieves.
Top Online Ethereum Casinos
BetOnline Casino
BetOnline accepts Ethereum deposits and takes players from United States online casino players. BetOnline Casino includes an online casino with a card room, live dealer casino, sportsbook, racebook, binary options, and eSports betting.
Visa and MasterCard payments require a fee at BetOnline, so Ethereum is the best way to pay. The $500 Crypto-Bonus has a $20 minimum deposit limit but otherwise handles most deposit levels. High rollers can make bigger deposits with Ethereum than other payment types at BetOnline.
| Deposit Limits | Payout Limits |
|---|---|
| Minimum: $20 Maximum: $50,000 | Minimum: $20 Maximum: $10,000 |
Claim your $500 Crypto-Bonus today by signing up at BetOnline using the Code: CRYPTOBET. This promotion has a 14x playthrough.
Wild Casino
Wild Casino is a new online casino that accepts US players and Ethereum deposits. Using Ethereum is a simple and easy way to fund your account at this top-rated casino site. Wild Casino offers players various casino games, including video slots, live dealer, and table games.
High rollers will find that making deposits with Ethereum is a great option. The maximum deposit limit goes up to $50,000, and the maximum payout limit is $10,000.
| Deposit Limits | Payout Limits |
|---|---|
| Minimum: $20 Maximum: $50,000 | Minimum: $20 Maximum: $10,000 |
SportsBetting.ag Casino
SportsBetting.ag is a US-friendly online casino and sportsbook which accepts Ethereum deposits. The max time an ETH payment takes is 2 hours, but most deposits appear within a few minutes. Withdrawals take a little longer, with a max time of 48 hours, though most cashouts arrive in your e-wallet within an hour.
SportsBetting doesn’t charge a fee on Ethereum deposits, while a 7.5% fee applies to credit, debit, or gift card deposits.
| Deposit Limits | Payout Limits |
|---|---|
| Minimum: $20 Maximum: $50,000 | Minimum: $20 Maximum: $10,000 |
How to Choose an Ethereum Online Casino
Some sites have different deposit limits and withdrawal times, so it pays to research before choosing an online casino. When picking an Ethereum casino, even more factors are involved. Consider each of the elements below before choosing a casino with Ethereum payments.
Ethereum Online Casino Deposits and Withdrawals
If you’re new to cryptocurrency deposits, read through this section to get up to speed quickly. Using Ethereum is simple, though it has a couple of preliminary steps: choosing an Ethereum wallet and purchasing ETH. An Ethereum wallet works like an e-Wallet or PayPal, for storing your money online.
Follow these steps to make a deposit and withdrawal at Ethereum online casinos.
Pick an Ethereum Wallet
Choose a reputable service that holds your Ethereum cryptocurrency. Online casinos that accept Ethereum list three preferred crypto-currency wallets: Electrum, Coinomi, and Loafwallet.
Buy Ether Online at an Exchange
The next step is to go to an online crypto-currency exchange to purchase ethers. Kraken.com, Coinbase.com, and Bitstamp.net are the three most common exchanges. To make purchases, use your bank account, credit card, or ACH transactions.
Register at an Online Casino
Decide on which real money online casino you want to use for your Ethereum betting. We recommend BetOnline, Wild Casino, and SportsBetting because they cater to American crypto-currency users. Click “Sign Up” to join and fill the registration form.
Sign In and Make a Deposit
Once you have your confirmation email, sign in to the online casino account, then pick Ethereum as a payment method on your cashier page. Transfer virtual currency from your Ethereum wallet to the online casino. Deposits are almost instant, while withdrawals might take an hour or two.
Play for Real Money
Now that you have successfully funded your online account using Ethereum email your code to claim your Crypto-Bonus.
How To Make an Ethereum Withdrawal at Online Casinos
Getting a payout with this method is also very quick and easy. Take a look at the steps below to learn how to withdraw your online casino money.
Clear the Crypto-Currency Bonus
Before you make a withdrawal, play long enough to clear the wagering requirements on your bonus. Accept the Crypto-Bonus via email, then wager on sports to clear your requirement. Online casinos require players to email a coupon code to activate a bonus, so contact customer support when signing up.
Play for Real Money
Once the bonus is cleared, explore the rest of the site, including the online casino games. Casinos have broad categories like table games, slots, video poker, and specialty games. Ongoing players sometimes qualify for weekly bonuses or reload bonuses, so ask the casino staff in live chat what Ethereum-friendly promotions are available.
Make a Withdrawal
Once you collect winnings, go to the Cashier page to make an Ethereum withdrawal. This transfer funds to your Ethereum wallet, which can be converted back to currency at your leisure. Ethereum payouts at online casinos usually arrive in your wallet within 2 hours.
Advantages & Drawbacks of Using Ethereum at Online Casinos
Before depositing with Ethereum, please look at the following pros and cons of using this online casino banking method.
- Safe – Ethereum is safe, secure, private, and transparent. Your online payments have zero chance for fraud or third-party interference because of the blockchain.
- Better Fees – There are often lower fees associated with cryptocurrencies at online casinos.
- Not Centralized – Ethereum is decentralized and unlikely to be regulated as a security.
- Free Payouts – Top US online casinos charge a 7.5% surcharge for Visa and MasterCard deposits, but Ethereum payments are free.
- Limited Availability – Ethereum isn’t used at as many online casinos as Bitcoin, so its availability is limited.
- Additional Setup – You’ll need to set up an Ethereum wallet and buy ether at a crypto-currency exchange. Luckily, we give steps that make both easy to do.
Ethereum Online Casino Bonuses
The $500 Crypto-Currency bonus at BetOnline stipulates wagers at the sportsbook. Virtual currencies are the easiest way to handle deposits and payouts at online casinos. Keep checking back to see which online casinos have Ethereum bonuses.
Online Casino Games You Can Play At Ethereum Casinos
All of our recommended casino sites that take Ethereum deposits offer players a wide variety of quality online casino games. Whether you enjoy fun and dynamic video slots or the thrilling experience of live dealer games, there is something for every type of player. The following is a list of popular casino games you can find at US online casinos that accept Ethereum.
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Ethereum: Brief history
Ethereum was released in July 2015 by co-designers Vitalik Buterin, Gavin Wood, and Joseph Lubin. Bitcoin was developed simply for money transactions. Ethereum is an open-source computing platform that focuses on running the programming code any decentralized application. It handles payments but is much more than that. Ethereum has several types of applications, including smart contracts and ether payments.
Ethereum Casino Usa Real Money
Ethereum’s ability to handle smart contracts has amazing possibilities. Some investors believe smart contracts one day will allow sports betting with a zero percent house edge. That’s for another day. For now, Ethereum handles online casino deposits and withdrawals and any payment method in the world.
Is Ethereum The Right Deposit Method For You?
Ethereum Casino Usa
If you’re looking for a safe and secure deposit method at online casinos, you can’t go wrong with Ethereum. Unlike Bitcoin, this crypto doesn’t fluctuate in price as much. That means that you won’t lose value with market changes. It’s also an easy to use banking method that will allow you to fund and withdraw your online casino account in minutes.
Ethereum Online Casino Deposit Method – Players Also Asked
Ethereum Betting
How do Ethereum deposits at online casinos work?
First, make sure you choose an Ethereum wallet that will hold your cryptocurrency. Buy Ethereum via an exchange like Coinbase.com. Once you have completed these initial steps, head over to your favorite casino site, and choose this method. Transfer Ethereum, and in a short time, no longer than two hours, your account will be funded.
Is it safe to make online Ethereum deposits at online casinos?
Ethereum is safe, secure, and private. Your online payments have zero chance for fraud or third-party interference because of blockchain technology.
Which US online casinos take Ethereum deposits?
We recommend players choose BetOnline, Wild Casino, and Sportsbetting.ag for making Ethereum deposits. Our experts highly recommend these online casinos for online gaming.