The use of cryptocurrencies finds application in various fields of human activity. The gambling industry is no exception. Many operators offer customers to open an account and make deposits in various cryptocurrencies. Ethereum is one of the popular altcoins. There are already casinos on the Internet that accept Ethereum.
The use of cryptocurrencies finds application in various fields of human activity. The gambling industry is no exception. Many operators offer customers to open an account and make deposits in various cryptocurrencies. Ethereum is one of the popular altcoins. There are already casinos on the Internet that accept Ethereum.
Is it convenient to use ETH tokens in a casino
Gambling platforms use Ethereum as a way to replenish an account. In this case, the balance display occurs:
- in fiat currency. The amount may go up or down due to the increase or decrease in the real-time exchange rate.
- Directly in the altcoin.
At the same time, for most operators, customers still place bets in games displayed in dollars, euros, rubles or other fiat currencies. This is due to the fact that so far only a few providers set up the process of accepting crypto during the rotation of the reels in slots or when dealing cards in blackjack, poker, baccarat. Therefore, there is not much difference between using fiat money and altcoins.
Which casinos accept Ethereum
The experts of our site have prepared a list of reliable sites that allow you to open an account in ETH or accept deposits in this crypto-coin. All selected operators work on the basis of licenses from official regulators and offer games from well-known providers. The casinos on the list provide 24/7 support and have a good reputation among users.
Benefits of Cryptocurrency Slots
The use of ETH for slots in online casinos gives users several advantages.
One of the main advantages is the security of transactions. Third parties will not be able to change the smart contract, which means that the player’s funds will remain safe.
Other advantages of slots with Ethereum are shown in the table.
| Advantages | Description |
|---|---|
| Anonymity | The secrecy of transfers in the blockchain network is ensured. Because of this, outsiders do not know about gambling. |
| Transaction speed | If the network is not loaded, then transfers take a couple of minutes. |
| Commission | The user himself sets the price of gas, depending on the time for which he wants to make a payment. At the same time, the amount of the deposit does not affect the cost of the commission. |
| Coin resolution | You can send not the whole ether, but only part of it, since it has 18 decimal places. |
| Rate growth | ETH is one of the most valuable coins on the crypto market. During the game, its value may increase. |
How to fund your casino balance with Ethereum
To deposit Ethereum to the account, the player must perform the following sequence of actions:
- Go to the casino cashier.
- Select the appropriate payment method.
- Copy the crypto wallet address or scan the QR code. For some sites, you will first have to specify the amount of the transaction, but then you can change its value.
- Send an altcoin from your cryptocurrency wallet or any other resource that supports working with the coin (exchanger, exchange). When preparing a transaction, you will have to specify the amount of ethers to be transferred and the cost of gas.
Withdrawal of tokens to a crypto wallet
To win you need:
- Go to checkout.
- Opposite the payment method, click on the “Request for withdrawal” button (the name may be different).
- Specify the payout amount.
- Enter the address of the crypto wallet.
- Confirm transaction.
Timing
The gas price set affects the speed of payments. The value can be tracked using the Etherscan resource, which shows the characteristics of all transactions on the Ethereum network. The user needs to click on the field Med Gas Price. After that, the low, medium and high gas value will be shown, as well as the approximate time of the payment. Depending on the price, it can take from 30 seconds to 6 minutes to transfer coins.
Transactions are best done on Saturday or Sunday due to the lower gas price.
Limits
When making transfers, it is necessary to check the restrictions that gambling sites set:
- For account replenishment. Operators indicate the minimum limit, for example, 0.005 ETH, on which the operation will be carried out. Smaller amounts will not appear on the balance sheet. Therefore, you need to follow the limit.
- For payment. Usually, the minimum withdrawal amount for Ethereum is set higher than for fiat currencies. However, there is no need to worry about the loss here, since the system itself will not give you an order for less.
