What Is Ethereum?
Ethereum (ETH) is a decentralized currency, the second most popular one after Bitcoin. Think of it as digital money you can anonymously use to make payments at online casinos that use Ethereum without having to involve your bank.
![ethereum logo]() |
| Payment method type | Cryptocurrency |
| Website | www.ethereum.org |
| Founded | 2015 |
| Currency | Ether (ETH) |
| Deposits accepted | Yes |
| Withdrawals accepted | Yes |
A Closer Look at Ethereum & Its Features
I’ll skip the technical details (you probably know them anyway), but I’ll touch on some basics for newcomers.
How To Use Ethereum
Purchase ETH from a crypto exchange, add it to a crypto wallet, and pay to your desired online casino via the wallet.
Here are some of the things you should know:
- Ethereum is not the currency’s name: This is a common misconception. In reality, Ethereum is the programmable blockchain whose currency is Ether, abbreviated as ETH.
- True anonymity is a myth: Every transaction you make with ETH is registered on the blockchain ledger forever.
- You cannot reverse an ETH transaction: Once a transaction is processed, whether it’s for an Ethereum casino or online shopping, it cannot be canceled.
Therefore, you must carefully review your transactions before approving them.
Warning
ETH is highly volatile, meaning the value of 1 ETH can vary dramatically from one day to another - for better or worse.
This can significantly affect the amount of money you can play with or withdraw at one point in time.
Note
Some casinos convert your ETH into a fiat currency, whereas others keep it in ETH.
Fees & Timeframes
Fees are generally low but can vary between casinos that accept Ethereum. Deposits are instant, and withdrawals can take up to a few days.
Stay Safe While Using ETH
Scammers commonly target crypto users, with giveaway scams being the most common tactic.
Also, don’t forget that your transactions are recorded; therefore, they can be traced back to you.
To protect yourself:
- Never share your private wallet key.
- Use different addresses for distinct transactions.
- Pay via different crypto wallets.
- Store your key somewhere safe, preferably offline, to avoid hackers.
Keep in mind
Since ETH is a decentralized currency, you cannot get assistance from official regulatory bodies, only from fellow users. Anybody claiming to be from Ethereum support is trying to scam you.
Do I Have Access to All Games at Ethereum Real Money Casinos?
Well, it all depends on the game types provided by the casinos that take Ethereum. Aside from Slots, you can usually access Blackjack, Roulette, Baccarat, and Craps, among others.
It's best that you check this information on the casino review page, by clicking on the casino name above.
And since you're at it, it wouldn't hurt if you'd read the real player reviews, to see if the Ethereum casino sites have what you need.
Concluding The Topic
Cryptos have taken the world by storm, and Ethereum-accepted casinos are one of the bigger fish in the sea, so it’s no surprise it caught your attention. It’s discreet and fast, which I really appreciate when I pay online.
That being said, I wish you good luck in the Ethereum casino of your choice!
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