|fees: Market-determined, can vary depending on network usage
|purpose: Decentralized and smart contracts
|security: Cryptographically secure
|anonymity: Pseudonymous, public ledger
|inception: July 30, 2015
|scalability: Improving, aims to support more transactions in the future
|decentralization: Decentralized, operates on P2P network
|consensus mechanism: Proof of stake
|average transaction time: 15-20 seconds
Cryptocurrencies in recent years have become one of the most popular payment methods that players use for deposits and withdrawals in online casinos. One of the most famous and significant digital coins — Ethereum is available for transactions on many gambling sites. We have collected for you on this page examples of top ETH casinos that support payments using this cryptocurrency. You will be able to find not only hundreds of games on these platforms but also generous bonuses that will unify your gaming experience.
Intro to Ethereum Casino
You won’t have any difficulties finding Ethereum online casinos. More and more sites accept this digital coin as a payment method, and with the development of the crypto casino segment, it began to take the online gambling market by storm. The ETH wallet allows you to conduct fast, reliable, and confidential transactions. It is ideal for both deposit and withdrawal operations.
The process of registering at an online casino, if you want to use ETH for transactions, is no different from creating an account in cases with traditional currencies. You need to choose a reliable website that works with digital coins. Enter the required data to create an account and proceed to top up your balance to play for real money.
How to Make a Deposit Using Ethereum
If you are looking for an easy and secure way to top up your online casino account, then Ethereum is perfect for this need. You will be able to count on a quick transaction, which will allow you to launch your favorite games in a few minutes and start playing for real money.
To use the Ethereum casino payment method for deposits, you must have a cryptocurrency wallet and funds on it. If both conditions are met, then you can proceed to top up your balance. This is a very simple process that will cause difficulties, neither for beginners nor for experienced gamblers. Use our instructions to structure your steps:
- Choose a reliable and legal online casino that accepts cryptocurrencies as a payment method;
- Create an account (you will need to enter your real personal and contact details);
- Log in to the system by entering your username and password;
- Use the button to go to the banking area of the site in the top menu or do it through the account options;
- Select the Cryptocurrencies tab to make a deposit using digital coins;
- In the list of available digital coins, select Ethereum;
- In the new window, you will need to log in to your cryptocurrency wallet;
- Copy the address of the online casino wallet and write the transaction amount;
- Confirm the action.
Very quickly, the funds will be credited to your account, and you will be able to start playing.
How to Withdraw From a Casino Using Ethereum
So, we figured out how to make a deposit in an online casino using Ethereum. As for the withdrawal of funds, ETH is ideal for such monetary transactions. Since you already have a cryptocurrency wallet, you can easily proceed with the payment:
- Open a browser on your desktop or mobile device and go to the online casino where you previously registered and played;
- Log in by entering your username/email and password;
- Use the account options or the menu on the main page of the site to go to the payment methods section;
- Select the Withdraw tab;
- Click on the Cryptocurrencies tab, and then pick Ethereum;
- Write the address of your wallet, the transfer currency, and the amount;
- Confirm the transaction.
The speed of the withdrawal transaction will please you. If you are a verified user, then from the moment of the payment request, you will receive the money within a few minutes or even immediately. Please note that such operations are accompanied by a standard network commission. Its size may vary, but it is usually a small amount.
Pros and Cons
Ethereum casino payment method has many advantages that are highly appreciated by gamblers who play slots, table titles, and games with a real dealer on cryptocurrency sites. However, there are some disadvantages that you should be aware of if you want to use this digital coin comfortably.
- Fast payment processing;
- Confidentiality of personal data;
- Ease of use;
- There is no third-party interference;
- ETH network is reliably protected from corruption and fraud;
- It is used in many online casinos, and their number is constantly increasing.
- With all the reliability of Ethereum, this payment method is not protected from human errors. You should carefully check the transfer address of your funds, otherwise, you can send them to an unknown recipient and lose them forever;
- Volatility — cryptocurrency rates are subject to fluctuations.
Safety and Security
The Ethereum casino payment method is one of the safest and most reliable options for conducting transactions in an online casino. Thanks to blockchain technology, fraudsters have almost no chance to interfere with payment. The personal data of the wallet owner is securely encrypted, and all transactions are provably fair, and this can be verified thanks to the open source code.
Thus, the only risks that the user bears are related to his/her ability to keep the payment data and banking details safe. Keep passwords out of the reach of other people. In addition, carefully check the address of the wallet to which you are going to transfer money. If you make a mistake, you will not be able to fix it, and you will simply lose your funds.