The cryptocurrency Ethereum or Ether is starting to gain popularity among online casinos. Ethereum is an open source platform designed by Vitalik Buterin in 2013. His goal was to produce something innovative in the blockchain technology space. Launched in 2012 with over 10 million coins, it makes use of a decentralized system like Bitcoin. It offers a virtual machine which is more known as the Ethereum Virtual Machine or EVM. Aside from Bitcoin, Ethereum is one of the most valuable and popular cryptocurrencies.
Using Ethereum at online casinos
You have to sign up first at an online casino that supports Ethereum. Registering an account is very quick and easy. It will only take a few minutes. Once done, you can top-up your account with Ethereum and play PKV games.
Look for the Deposit page and choose Ethereum as the payment method. Select the amount you want to deposit on your online casino account. Re-check if the amount is correct. Then send it to the Ethereum wallet address displayed on your screen.
The transferred funds will reflect in your account after a short while.
You can collect your winnings through Ethereum if you are lucky enough to make winnings.
First, move to the Withdrawal page and select Ethereum as the payment method. Choose the amount you wish to withdraw and then submit it.
Benefits of using Ethereum for online casinos
Online casino players who prefer to use Ethereum are aware of its potential benefits.
Unlike other payment methods, you can keep anonymous while carrying out your transactions. You do not have to fear about getting tracked and traced.
Safe to use
Ethereum already underwent a lot of trials and tests on many online casino platforms. It is safe to use for withdrawing and depositing. The Ethereum network uses smart contracts. This means that every transaction needs verification from other users.
Ethereum guarantees rapid deposits and withdrawals. The process will only take a few moments and the amount will already reflect in your account.
Using Ethereum has pros but it also has cons. Compared to Bitcoin, it is not as user-friendly. Also, although Ethereum is starting to become popular, it is still not easy to get Ethereum. It can be challenging for new users to get going with this cryptocurrency. There are also only a few online casinos that accept Ethereum. If you already know how to use the Bitcoin cryptocurrency then it would be easier for you to use Ethereum.