The use of cryptocurrencies is used in various spheres of human activity. The gambling industry was no exception. Many operators offer clients to open an account and make deposits in various crypto coins. Ethereum is one of the most popular altcoins. There are already casinos on the Internet that accept Ether.
The use of cryptocurrencies is used in various spheres of human activity. The gambling industry was no exception. Many operators offer customers to open an account and make deposits in various crypto coins. Ethereum is one of the most popular altcoins. There are already casinos on the Internet that accept Ether.
Is it convenient to use ETH tokens in a casino
Gambling sites use Ethereum as a way to fund an account. In this case, the balance is displayed:
- In fiat currency. The amount can become more or less due to an increase or decrease in the exchange rate in real time.
- Directly in altcoin.
At the same time, with most operators, customers still place bets in games with display 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 the crypt while spinning 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 Ether
The experts of our site have prepared a list of reliable platforms that allow you to open an account in ETH or accept deposits in this cryptocurrency. All selected operators operate on the basis of licenses from official regulators and offer games from well-known providers. The listed casinos provide 24/7 support and have a good reputation among users.
Advantages 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 the player’s funds will remain safe.
Other advantages of slots with Ethereum are shown in the table.
|Anonymity||The secrecy of transfers in the blockchain network is ensured. Because of this, outsiders do not know about the passion for gambling.|
|Transaction speed||If the network is not loaded, then the transfers take a couple of minutes.|
|Commission||The user himself sets the gas price depending on the time for which he wants to make the payment. At the same time, the cost of the commission is not affected by the amount of the deposit.|
|Discreteness of the coin||You can send not the whole ether, but only a part of it, since it has 18 decimal places.|
|Growth rate||ETH is one of the most valuable coins on the crypto market. During the game, its value can grow.|
How to top up your casino balance using Ethereum
To deposit Ethereum into the account, the player must perform the following sequence of actions:
- Go to the casino cashier.
- Select the appropriate deposit method.
- Copy the address of the crypto wallet or scan the QR code. For some sites, you will first have to indicate the amount of the transaction, but its value can then be changed.
- Send 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 indicate the amount of ethers to be transferred and the cost of gas.
Withdrawing tokens to a crypto wallet
To receive a prize you need:
- Go to the cashier.
- Opposite the payment method, click on the “Withdrawal request” button (the name may be different).
- Specify the amount to be paid.
- Enter the address of the crypto wallet.
- Confirm the transaction.
The rate of payments is influenced by the gas price set. 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 Med Gas Price field. After that, low, medium and high gas values will be shown, as well as the estimated time of the payment. Depending on the price, transferring coins can take from 30 seconds to 6 minutes.
Transactions are best done on Saturday or Sunday due to the lower gas price.
When making transfers, it is necessary to check the restrictions imposed by gambling sites:
- To replenish the account. Operators indicate the minimum limit, for example, 0.005 ETH, at which the operation will be carried out. Smaller amounts will not appear on the balance sheet. Therefore, you need to follow the restriction.
- For payment. Usually, the minimum amount for Ether withdrawal is set higher than for fiat currencies. However, there is no need to worry about the loss, since the system itself will not give you less order.