ETHEREUM ONLINE CASINOS 2018

Besides Bitcoin, the cryptocurrency Ethereum has also been making waves these past few months. As a result, many online casinos have also started to adopt Ether as an online casino payment option in order to make gambling online easier for Ether users. If you’re looking for Ethereum Casinos to play at, have a look at our guide and list of Casinos below!

 

WHAT IS ETHEREUM?

Ethereum is an innovative open-source computing platform which has hit the ground running in recent years. It was designed in 2013 by Vitalik Buterin with the intention of creating something cutting-edge and building on the groundbreaking creation of blockchain technology and decentralization. The platform, which official went live in July 2015 with 11.9 milion coins, provides a decentralized Turing-complete virtual machine known as the Ethereum Virtual Machine (EVM) that serves to render scripts using an international network of public nodes.

Other than being used for computing, Ethereum also produces a cryptocurrency called ‘Ether’ which is the second most popular and valuable cryptocurrency in the world. This can be transferred between two accounts and can also be used to pay participant nodes for any computations performed by way of a smart contract.

Although it’s possible to buy and sell Ether like Bitcoin, Ethereum is evidently so much more than a currency. Yes, just like Bitcoin, Ethereum uses a decentralized system (known as blockchain) in order to keep track of transactions and where each unit of the crypto currency is stored. However, Ethereum takes this idea one step further by tracking and executing computer programs.

 

ETHEREUM GAMBLING – ETHEREUM’S LINK TO THE ONLINE CASINO REALM

Thanks to the rapid changes in technology over the last few years, humanity has taken a quantum leap in the right direction when it comes to alternative currencies.  And fairly recently, a number of online casinos have started offering the cryptocurrency at casinos on the web in an attempt to offer a new alternative payment option. Despite the fact that the amount of online casinos offering Ether (ETH) at online casinos is merely just a handful, the list is set to keep growing.  Just like Bitcoin Casinos, ones that support Ethereum as a payment options serve to mimic the gambling experience everybody seeks when visiting the likes of Sin City. Below are just a few reasons you should play and visit the online casinos. 

 

HOW TO MAKE A DEPOSIT AT AN ONLINE CASINO

 

1) Sign Up To An Ethereum Casino & Find Its Deposit Page

In order to place a deposit, you must first sign up at an Ethereum Casino. Once you’ve done this, simply head to their deposit page and select Ethereum as the payment method. 

 

2) Make A Payment By Selecting The Amount

Next specify how much you’d like to transfer to your online casino account.

 

3) Transfer The Ether

Once you’ve decided how much to deposit, you’ll need to send it to the Ethereum address provided by the casino. So make sure it’s entered correctly, then simply just submit the payment. 

 

4) Allow The Transfer To Show Up In Your Account 

Once you’ve hit the submit button, all you’ll need to do is wait for the funds to appear your Ethereum account. 

 

WITHDRAWALS AT ETHEREUM ONLINE CASINOS

 

1) Navigate To The Withdrawals Page & Select Ethereum As An Option

Provided that you’ve managed to win an amount at your Ethereum Casino of choice, you’ll be able to claim your winnings by simply heading to the withdrawal page and choosing Ethereum as a payment option.

 

2) Enter The Amount You’d Like To Withdraw

After simply enter the amount you’d like to withdraw and submit the amount. 

 

 

 

ADVANTAGES OF USING ETHEREUM CASINOS

 

Anonymous Transactions

One of the advantages of playing at Ethereum Casinos opposed to other casinos which have regular payment methods is the facility of performing anonymous transactions.  

 

Safe To Use

The nature of Ethereum makes the cryptocurrency both safe and trusted to use in order to make both deposits as well as withdrawals to online gambling sites. This is due to the fact that the Ethereum network uses smart contracts and all transactions must be verified by other users and all parties can ensure that the contract was carried out correctly.

 

Quick Transfer Times

Another advantage of using Ether is the quick transfer times involved in depositing and withdrawing your money when using Ethereum.

 

DISADVANTAGES OF USING ETHEREUM CASINOS

 

Less User-Friendly Than Bitcoin

When compared to the cryptocurrency, Bitcoin, it’s safe to say that Ethereum is much less user-friendly than its older cousin. So if you’re new to using Ether as a currency, we definitely recommend its older cousin, Bitcoin, rather than Ether.

 

Ether Is Not As Easy To Get Your Hands On As Bitcoin

Despite the fact that Ether has become increasingly popular over the years, it’s unfortunately not as easy to get your hands on. Yet, for gamblers who are already knowledgeable on how to purchase Bitcoin, it’s definitely a help. You’ll basically be able to exchange bitcoin for ether at a number of bitcoin exchanges.

 

Not A Lot Of Casinos Accept Ether As Yet

Despite the fact that Ether has become increasingly popular over the years, it’s unfortunately not as easy to get your hands on. Yet, for gamblers who are already knowledgeable on how to purchase Bitcoin, it’s definitely a help. You’ll basically be able to exchange bitcoin for ether at a number of bitcoin exchanges.

 

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