With cryptocurrencies, you can make transactions on the internet fast and safe without intermediaries. Due to those reasons, there are already many casinos that accept payments in crypto and their number is constantly growing. So why cryptocurrencies are so great for their users and how to pick the best casino that accepts them?
Cryptocurrencies are used to make international transactions, anonymous and fast payments on the internet, and even buy properties in different parts of the world. Some people prefer to stock their savings in crypto due to the constant growth of rates. And there are some perks for the gambling industry as well. Cryptocurrency has high capitalization and is very simple and safe to use. So many casinos are already working with Bitcoin and Ethereum. Those are the most popular currencies in the world.
Advantages of Ethereum
Ethereum is a cryptocurrency that is transparent and open-source. It also uses blockchain technology. With Ethereum, you can make high-speed transactions. And if you compare it to Bitcoin Ethereum is faster and has lower commissions. If you are worried about your personal data, with Ethereum all of it will be safe due to secure coding. So don`t be afraid to deposit this currency to the casino and make bets with it.
Main perks for gamblers:
The system is decentralized so no one can tamper with your transactions or your account. If you won, neither the casino nor some third-party organization can prevent you from getting paid. Ethereum is a currency with low volatility so its rates are pretty stable. Even if you just keep your money in your account and don`t spend it, it won`t drop down in a day or in a month and you won`t lose anything.
How to make a deposit and place a bet?
There are 2 main types of casinos that accept cryptocurrencies. First are the regular or classic ones. Those are the websites that work with fiat money and altcoins as well. And second are casinos that accept only crypto, sometimes even only one specific kind like only Bitcoin or only Ethereum. In both cases, you`ll have to sign up to start playing with Ethereum. That won’t take much time. You just need to type in your phone number, and e-mail address and sometimes confirm them.
To make a deposit you can use your crypto wallet or other methods. In that case, the currency will be automatically exchanged into casino tokens. You can add money to your personal casino account using exchanging services or the stock market of e-currencies.
So why is Ethereum so lucrative when it comes to iGaming and why should you set up your own wallet if you play in online casinos? Ethereum wallet grants you anonymity if you don`t want to share your personal data with anyone. Regular e-wallets demand personal information like ID scans but with cryptocurrency, you will only need an e-mail address.
How to pick a trustworthy platform?
If you want to play at a casino that will grant you honest payouts and stable work you have to check out its license. All reputable casinos always have those. Pay attention not only to the document itself but also to the authority that gave it out and the country where the company is registered. A casino that has nothing to hide always provides its users with that information. Usually, all the documents are placed at the bottom of the home page of the casino. And here you can find a list of the best operators who will accept Ethereum.
Our ratings are based not only on licensing but also on an abundance of different factors. Like the number of slots that casinos have and the names of software providers that are working with them. Besides that, we are always checking whether a casino works on HTTPS protocols and if it has blank and simple user agreement. And we always take into account opinions from other users – you can check them out in the feedback section.