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Guide to Online Gambling with Ethereum


These days, cryptocurrencies are becoming more mainstream. So it’s no wonder that more gambling venues are offering options that allow punters to pay with cryptocurrency. Online casinos have been offering this facility for a while now. But even standard casinos are now offering table games that players can join in with and pay with Bitcoin or Ethereum. However, this is still a relatively new trend. So, what do you need to know about gambling at an Ethereum casino? Will there be a difference between this type of modern new online operator and standard online casinos? Here, we take a closer look at what you can expect in an expert guide to online gambling with Ethereum.

Signing Up to Your First Ethereum Casino Gambling account

Signing up to a cryptocurrency casino is very similar to signing up for any regular online operator. Simply open your account, pay your deposit then start playing. There is a major advantage to playing at Ethereum casinos though as you’ll be playing anonymously. However, you still need to take care of when you register online. Make sure you’re choosing a legitimate, licensed provider. Remember that the cryptocurrencies industry is relatively new and is still quite difficult to control. Preventing crime is more complicated and that means that, should you wrongfully transfer funds, you’ll lose your assets permanently. Once you’ve determined that the provider you’ve chosen is a trustworthy one, you can complete the unique Ethereum wallet address on the site, transfer the funds and then get playing.

Withdrawing Funds from Ethereum Casino

When you want to withdraw your winnings, you’ll need to know how to do this using Ethereum. Usually, you log into your player account, find the withdrawal button, click it and then complete your Ethereum wallet details. Choose the amount you’d like to withdraw in Ethereum then your winnings should be with you in just minutes.

Which Games Can I Play?

There are fewer casinos online that accept Ethereum as a payment method, so your choices are somewhat limited. Nevertheless, all the main bases will be covered. If you prefer classic table games such as poker, roulette, and blackjack, you’ll have plenty of options to pick from. There are also numerous video slots that you can play too. Whatever your favorite themes, you’re sure to find slots that match your interests and preferences.

What About Bonuses?

When you choose to play at one of the Ethereum casinos, you can expect to receive some impressive bonuses. Bonuses in cryptocurrency casinos work in a similar way to those in regular casinos. Usually, you’ll receive a deposit match bonus. So, for example, if you begin by making an initial deposit of 1 ETH, you may get an extra 1 ETH by the casino to play with. All operators offer different deposit match percentages though, so make sure to check the small print to ensure you’re getting the best deal. You’ll also still need to check the time limits and wagering requirements for your bonuses since these will apply at Ethereum casinos just in the same way as they do in regular online casinos.

Playing Online With Cryptocurrencies

Although there aren’t a huge number of online casinos out there that accept cryptocurrency payments, the numbers are growing year-on-year as interest grows in Bitcoin, Ethereum and other options. Thanks to the anonymity these currencies provide, it’s easy to see why many gamblers prefer them to standard banking options like credit and debit cards, and since signing up and playing is very similar to a regular online casino experience, it’s well worth signing up.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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