How to gamble with Ethereum
Chances are, if you are here, you are curious about Ethereum or ETH. Perhaps you want to learn what it is, how it’s different from other cryptocurrencies or how you can gamble with it. Well, we have all three answers ready for you.
A fun bit of trivia: Etherium was named after a fictional element from the Magic: The Gathering universe. You know, that massively popular playing card game.
What is Ethereum and what is Ether?
Aren’t they the same thing? No, they are not. Etherium is a decentralized computing system created by Vitalik Buterin in 2015. Ether is the crypto token that uses Etherium. So the cryptocurrency is called ether.
Right now, Ether is the second most valuable cryptocurrency on the market. It’s just behind Bitcoin. But there are more reasons to start using Ether.
Why you want to start using ether to gamble.
When it comes to transaction speed, Ether competes with the best of them. It can take twelve to fifteen seconds when others might take ten minutes or even an hour. That latter one being bitcoins expected times.
There is also plenty of Ether to go around. While this may have been an oversight by the developers, there is over 100-million ETH and there isn’t a current limit. There is a proposed cap, but that has yet to be accepted.
Note that transaction fees are higher with Eher. The reason for this is that Ethereum runs on gas. Much like a car, it needs to be topped up (but virtually) and every action that happens on Ethereum uses that gas.
Reasons to gamble with Ethereum.
This cryptocurrency is fast, a huge boon when it comes to gambling. Both deposits and withdrawals go through super quick, wasting less of your time. There is also the security that most crypto offers. Because there are no central authorities involved, you don’t share any of your personal information. Be aware that the casino itself likely has your personal information, but that’s unavoidable.
ETH is also recorded in a public ledger. So every transaction cannot be altered and tokens cannot be spent twice. Thanks to all of the above, there is a good chance that you can overcome geo-blocking for gambling.
We do need to point out that gambling is often banned for good reason. It’s an addictive practice that has a massive negative impact on lives.
How to get Ether of your own.
To buy ETH, you can use most exchange options. There are some recommendations for the best way to buy into Etherium and those are Binance and Coinbase.
Once you make an account with an exchange, you can deposit your currency and buy some ETH of your own. Once you have Ether, you need to transfer it to an e-wallet. Don’t forget that last step.
Where can you gamble with ETH?
Now all tables and slots take cryptocurrency. Even the ones that do might not take Etherium. However, there is still a huge range of options for you to gamble with Ether and those options will only keep on expanding.
Look for developers that are known to take ETH as a currency. Here is a list that you might find right here at Highest Casino Bonuses: Endorphina, Spinomenal, Habanero, Belatra, Pragmatic, Gameart, Wazdan, Lucky, Evolution, SoftSwiss, Platipus, Booming Games, NoLimit, and Mascot.
If you are interested in other cryptocurrencies, take a look at our article about Tether.