Ethereum Casino Payment Method - Best Ethereum Casinos Review

Ethereum Casino is one of the most popular choices among all cryptocurrency lovers. Today online casinos continue to grow as part of the field of digital entertainment. However, the number of users is increasing. Online casino platforms represent a possibility to win real money in different types of games. Win real money is attractive. So, you must take into account which payment method you are going to use.

This payment method is to make deposits and withdraw profits. Recently, these payment methods have become very diverse. Ethereum cryptocurrency is one of the most effective and recent alternatives. This modality has become very popular lately among users, and casinos are starting to use this currency. Let`s take a closer look at the advantages of Ethereum casinos in our review.

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History of Ethereum

It was created in 2015 by the programmer Vitalik Buterin, with the perspective of creating an instrument for decentralized and collaborative applications. Ethereum is a digital platform that adopts blockchain technology and has its native cryptocurrency; it is called Ether and is the second largest on the market.

As stated before, the Ethereum native cryptocurrency, the Ether (ETH), is a token. A common way to use it is in transactions that are made using this software, as is the case of Ethereum casinos. Like other cryptocurrencies, Ether is part of an autonomous peer-to-peer financial system, free from government intervention.

There was a time when trading Ether was around 1$, and it was in January 2016. Later in January 2018, the cryptocurrency hit its highest level yet at $1,391. It is possible to find a lot of different cryptocurrencies in the market, but the Ether is one of the newest ones, making it more profitable. This is why there is a rise in casino Ethereum wallets.

Online Casinos That Accept Ethereum in Canada

First, you must choose only those Ethereum casinos. It doesn`t matter if the casino is the best of all the options, but if it does not accept cryptocurrencies, sadly, it is not what you need. Furthermore, it discusses the forms and technologies a casino Ethereum admits for transfers, storage, and casino games.

The best Ethereum casino is the one that has many or all of the following traits. Before you sign up and open an online casino Ethereum account, check out the games offered by casinos that accept Ethereum. The selection of games must satisfy all your tastes and demands. 

The casinos that accept Ethereum are based on other payment methods. So, it`s essential to keep your money available in an online casino. One of the very important features is the wallet. It is where the money you enter or the one you want to withdraw will be deposited. The best Ethereum casino is the one that has the wallet directly linked, so you can control your money.

Ethereum casino rules about deposits and withdrawals are another thing to consider. The amount of coin cryptocurrencies you can withdraw usually has a minimum, and some Ethereum casinos also have a maximum deposit.

Ethereum Сasino Bonuses

The bonuses you can count on as a player are usually related to traditional games. The games at casinos that accept Ethereum are so popular that many choose to have these bonuses.

In the best Ethereum casino, your loyalty will be rewarded. This is because a particular casino could exclude cryptocurrency deposits from its promotions. While many platforms provide bonuses for their users, there are not many that offer this much value to cryptocurrencies.

First deposit bonus

The best Ethereum casino bonus is the first deposit bonus. First deposit bonuses are great for attracting new users, but not every casino offers the same value.

No deposit bonus

With a no deposit bonus, you receive a bonus only for completing the registration. These bonus options can be a free spin bonus or a certain amount of casino Ethereum currency.

Free spins

The next type of casino Ethereum bonus is free spins. These allow you to play real money slots for free. You will receive a certain number of free spins and use the spins to generate winnings in the casino.

Loyalty rewards

Like any online casino, Ethereum casinos allow you to earn VIP rewards. You usually need to sign up for the loyalty program first. The best Ethereum casino indeed lets you do this immediately after depositing. From here, you earn reward points when placing real money bets. The higher your betting volume, the more rewards you can earn.

Play Ethereum Casinos Online for Real Money

The search for the best Ethereum casino will pay off when you start playing. Other considerations when choosing a casino are their license information, variety of games, quality of customer support, and rate of positive reviews.

The only risk you must avoid when using casino Ethereum coin wallets is not making deposits at the correct times and forgetting your password. When choosing between online casinos, you must consider security, reliability, and trustworthiness.

We can say that the best Ethereum casino fully justifies its popularity. By making payments in cryptocurrencies, players can get many benefits. For example, players can use wallets to quickly and safely buy coins on online exchanges at the best price and then deposit them at casinos in a couple of clicks.

Ethereum is the second most popular cryptocurrency in the world and allows you to make payments confidentially, with little or no fees. You can learn more about how Ethereum works and its history by checking out its white paper. The founders of a cryptocurrency create a white paper to explain its purpose and technology, as well as to help sell it.

Ethereum Security

When speaking about security, the blockchain network where the Ether is found is considered by many as the most secure network and the most advanced financial system. As a result, your funds are stored and secured by a network that is nearly impossible to hack.

Complete privacy

Let`s start by saying that a computer network is in charge of managing all the decentralized transactions; in other words, you don`t need to give information that can compromise you. So, what do you need for the registration process? Just basic details like an email where you can get contacted with a username and a strong password.

How to Make Deposit Using Ethereum at Casinos in Canada?

Having Ethereum available can be a bit different than other payment methods. If you are not sure how it works or how to get started, here are the steps, so you can count on your cryptocurrencies:

Step 1

Open a wallet for your cryptocurrencies. There are several types of wallets in which you can store your crypto. Find the one that suits you best. Remember that the safest ones require you not to forget your password or buy physical protection devices. Enter your personal information on the site of your choice and open an account.

Step 2

Then you must deposit to your wallet with regular currency; you can do it through your bank, credit, or debit card.

Step 3

Your wallet will provide you with many options of cryptocurrencies that you can buy. You need to search for Ether, Ethereum, or ETH. Once you find it, select the amount you want to purchase and accept the transaction. When the process is finished, you`ll see it reflected in your balance. 

Step 4

Head to your chosen Ethereum casino with all of the above information.

Step 5

Once you have found the casino Ethereum of your choice and signed up, you can head to the cashier section. Here you will find the site`s payment options, including ETH. Now you can transfer Ether from your crypto wallet. Deposits are almost instant, and with just a few clicks, your account will be funded.

How to Withdraw with Ethereum from Casinos in Canada?

Withdrawing Ethereum from your wallet is relatively easy. But bear in mind that processes differ from one casino Ethereum to another. But the best Ethereum casino will let you do this in minutes. These are all the steps you need to follow:

Step 1

Check that you can make a balanced withdrawal. For example, your casino Ethereum account may be required to meet a wager or withdrawal minimum. This may also be affected by any bonus if you have claimed it, or you may need to provide the casino with additional documentation or information if they have requested it.

Step 2

Head to the cashier again and select Ethereum as your withdrawal option. Make sure the amount you want to withdraw is between the minimum and maximum withdrawal limits.

Step 3

Sit down and check that the funds have been transferred to your wallet. Payouts usually take from 2 to 48 hours, depending on the casino. You can then transfer your Ethereum to another currency.

Always stay informed of your favorite Ethereum casinos and games. Find the best Ethereum casino, and you will have control over the value of your bets.

Disadvantages and Advantages of Ethereum

Advantages

  • Mаking dероsits оr withdrаwаls using Еthеrеum is quiсk аnd еаsy;
  • Usеrs саn mаkе dероsits nоt оnly using Еthеrеum;
  • Thеrе аrе аlsо sеvеrаl livе саsinо gаmеs аt thе Ethereum casino;
  • Thе casinos that accept Ethereum are еnсryрtеd with thе SSL еnсryрtiоn рrоtосоl. It рrеvеnts thе sеnsitivе infоrmаtiоn оf thе usеrs frоm gеtting lеаkеd.

Disadvantages

  • Еvеryоnе аnd аnyоnе knоws thаt thе сryрtо sсеnе is рrеtty instаblе whеn it соmеs it thе еxсhаngе rаtе fоr thе diffеrеnt сurrеnсiеs. It is no different on casino Ethereum sites;
  • The casinos that accept Ethereum need a wallet to send the crypto, and you must be careful with your info and passwords.

FAQ

1.

Is Ethereum Payment Method Safe to Play at the Casino?

Ethereum is much safer than other cryptocurrencies in terms of security. Because it was designed with an emphasis on security, it’s impossible to hack an Ethereum wallet or smart contract, even with all the computing power in the world.

2.

Is Ethereum better than other payment methods?

Ethereum is superior to all other types of payment methods when it comes to speed and efficiency. The reason for this is because the Ethereum network can process over 13 transactions per second, while other cryptocurrencies such as bitcoin can only handle around six transactions per second.

3.

Do all casinos accept Ethereum deposits?

The answer is no. Not all casinos accept Ethereum as a deposit method, but there are plenty that does, and they're growing in number all the time. The reason for this is that Ethereum isn't just a cryptocurrency - it's also a platform for blockchain applications and smart contracts. These have been used by some casinos as a way of lowering their costs and increasing security.

4.

Does Ethereum have a fast withdrawal option?

The answer is yes, Ethereum does have a fast withdrawal option. The platform offers a standard withdrawal option that takes about 24 hours to complete. However, you can also choose the instant withdrawal option which is much faster and takes only a few minutes to complete.

5.

Is Ethereum only available at licensed casinos?

No, Ethereum is not only available at licensed casinos. Ethereum can be used in any casino that accepts crypto currencies. In fact, it is fast becoming the preferred choice of many online casinos as it offers a number of advantages over other cryptocurrencies.

Liza Yaroslavska

Author & Guarantor: Liza Yaroslavska