All About Ethereum

Ethereum is another cryptocurrency that has emerged at online casinos. Although Bitcoin is the most popular payment method at this time, Ethereum is apparently on the rise. Ethereum has caught the attention of many online casinos. Launched in 2014, Ethereum is a Swiss non-profit that was implemented to provide more flexibility while similar to the Bitcoin platform. The currency you may find at online casinos is called Ether, and according to its byline, it offers a great number of payment options. When funding your casino account with Ether from a wallet, there will be no problems using this payment method at a variety of online casinos that offer this option. This new brand of currency will be listed alongside other digital payment options.

What Casinos Accept Ether?

Currently there are very few online casinos that accept this method. But there are several sites that specialize in virtual currencies. You may find a few that accept ETH, as it is called. The most notable casinos that accept Ether are: Spartan Slots, Black Diamond, and Box24.

What is the Difference between Ether and Bitcoin?

When Bitcoin was first launched, it used a decentralized blockchain system. It was created for one currency. While Ethereum, on the other hand, was created to use an endless number of currencies, it also utilizes the blockchain system in a broader sense.

What is the Future of Ethereum?

Time will tell. Right now, Bitcoin is the number one method for online casinos, and more US casinos are adding Bitcoin to their sites. But don’t rule out Ethereum, as it will play the catch up game with Bitcoin sooner rather than later.

Understanding Ethereum Exchanges and Wallets

It is possible to mine Ethereum but most will purchase it from an exchange and store it inside an electronic wallet. There are a couple of exchanges that will allow casino members to purchase this digital currency. They can download the Ethereum wallet and have it ready to store any coins before purchasing. The wallet will have an address to send or receive ETH coins. Then regular currency such as dollars or Euros can be exchanged and sent to the electronic wallet.

How to Deposit at Ethereum Casinos

Top Ethereum Casinos

With Ethereum being a popular way to make casino payments, it is no surprise to find casino players who want to search for the top Ethereum casinos online. These are casinos that offer mobile gameplay, bonuses, rewards, and tournaments. The casino will have a matched welcome bonus for initial deposits to help grow the bankroll inside the casino account.

Ethereum Casinos For Mobile Play

Those who play casino games with a mobile device might be concerned that they are not able to do so while making deposits with Ethereum. This is actually not so, and mobile players can continue to use an iPhone, iPad or Android tablet or phone to play. They will now also be able to have ETH as a payment option.

Casino Bonuses Using Ethereum

The casino bonuses using Ethereum will depend on the terms and conditions of gameplay. The bonuses can range from 30 to 40% to over 100% as a matched deposit bonus. Some casinos give bonuses directly in Ethereum. Some examples of bonuses are reload bonuses, deposit bonuses, holiday bonuses, free chip bonuses, and more.

Keeping Secure Using Cryptocurrency

There are various ways to keep secure while using Ethereum cryptocurrency. It can be as simple as not storing your coins on a wallet provided by an exchange. Players can also encrypt their electronic wallets and make a backup of the wallet software. It is essential for those who play with cryptocurrency to have strong passwords for all their crypto and casino accounts.