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These days, it is hard to turn on a television or read any of your favorite
news sites without hearing about the blockchain and cryptocurrency. This new
wave of payment methods has descended upon us, and while some have been around
for almost a decade, many are being launched as we speak. The gambling world was
one of the first industries to embrace this new technology from a payments
perspective, and as a result, it is one of the leaders when it comes to
integrating new cryptocurrencies as they are released.
Ethereum Poker Sites Games
Simply click on the withdrawal button, paste in the receiving wallet address and the amount you wish to cash out, and the Ethereum poker site should process the withdrawal instantly. Ethereum Poker Guide: Best Poker Sites in 2020. With heaps of Ethereum poker sites now in operation, knowing which platform to sign up with can be challenging. The Ethereum`s value keeps on increasing even quicker than Bitcoins. Experts say that ETH might completely revolutionize the crypto currency concept and its usage in gambling. Best Ethereum gambling sites. Crypto currency fans quickly realized Ethereum is a very promising digital currency. ETH platform is considered one of the safest one. Ethereum Poker Sites. In the US there are increasingly more poker sites accepting cryptocurrencies, including the ether. Most sites accept a mix of both fiat currency and cryptocurrency for transactions. Such sites allow you to deposit your money in ether, after which it is converted to whatever fiat currency you have such as US dollars.
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Ethereum has not been around for that long but is widely accepted as a safe,
secure payment currency. This page is dedicated to all things Ethereum gambling.
We are going to try to keep it as simple as possible, and focus on the use of
Ethereum in the gambling world.
While we will go into more detail on each type of Ethereum gambling sites
thatare available, we thought we would compile our favorites from all of our
expert reviews here for you. These sites not only cover a wide range of gambling
options, but they also represent the absolute best when it comes to player
satisfaction. If you try any of these sites, we are confident you will have a
positive experience.
What Is Ethereum?
Ethereum is a type of blockchain-based, decentralized computing platform.
This platform is supported by millions of machines which are used to create a
blockchain of transactions, which in turn are highly secured as they are stored
on all the machines at once. The Ethereum blockchain, just like with Bitcoin, is
a publicly-viewed ledger containing all the transactions of the currency that it
empowers, which is in this case called Ether.
This cryptocurrency, along with all the others, is used for online payments
and is presented in a peer-to-peer format. It was launched in 2015, and in the
relatively short period of time of its existence, it has grown in size and value
around the world. There are several similarities between Ether and other
cryptocurrencies, not the least of which is that they can be used in large part
for online gambling. There is an increasing number of sites accepting Ether, and
there are some sites that only accept cryptocurrency for payments, shunning the
traditional FIAT currency options.
One major advantage over Bitcoin that the creators of Ethereum cite is the
speed of each transaction. While a Bitcoin transaction can take over 10 minutes
to complete, the system that Ethereum is built on speeds that process as quickly
as 15 seconds!
How to Get Starting with Ethereum Gambling
Ether (ETH) is the currency that is offered on the Ethereum platform, and it
is being bought and sold as a commodity as well as being used as a currency
itself. So, how do you go about buying Ether and then using it for gambling?
Here’s a step-by-step overview:
- Open a Cryptocurrency Wallet
- Coinbase
- Gemini
- CEX.io
- Bittrex
- CoinMama
- Kraken
- Enter Your Financial Details
- Purchase ETH
- Find an Ethereum Gambling Site
- Connect Your Cryptocurrency Wallet to Your Gambling Account
The first thing you need to do is to open a wallet that is designed to hold
all your cryptocurrencies. There are many wallets available on the market today
– here are many of the most popular for you, so you don’t have to do too much
research.
You can head to any of these sites, enter your personal information, and open
yourself an account. There is going to be a verification process that may
involve a phone call, so be prepared to complete this verification before you
can buy your Ether.
You are going to fund your wallet with regular currency, which you can do
from your bank or credit card. The funding option you choose may very well have
a limit attached to it (for example, Ethereum doesn’t want you to buy tons of
ETH on your credit card). When you have created an account, you will be prompted
to enter your FIAT banking information. This will allow you to move your
cryptocurrency back and forth to your traditional bank account.
Your wallet will give you many options for the cryptocurrency you are able to
purchase. All you have to do is search for Ether, and when you find it, select
the amount you want to buy and complete the transaction. Once that is done, you
will see your balance in your wallet account. Congratulations, you are now the
proud owner of cryptocurrency!
We have given you a few options above, and there are hundreds of sites that
we have reviewed for this site, so there are plenty of options for you to choose
from when looking for a place to use your Ether. As you will read further down,
there are many different types of Ethereum-friendly sites, and we will spend
more time on each one in more detail.
Once you have found the ethereum betting site you want to use, you can head to the
cashier section. There, you will find the payment options, which will include
Ether. When you choose that payment method, you will be directed to a site that
will connect you to the casino via the Ethereum blockchain. Here, you can select
how much you want to deposit with the site, and a few clicks later, your account
will be funded!
Pros and Cons of Using Ether
Unlike using traditional methods of payments at an online casino, Ether comes
with its own set of pros and cons. Let’s cover some of the more important ones
here:
Everything you
do on the Ethereum blockchain, including using Ether as a payment method at an
online gambling site, is completely encrypted, meaning your information cannot
be compromised. Casino sites will not have access to any of your payment
information.
Speed
The transactions using the Ethereum platform compared to other payment methods take far less time
to complete, meaning you will get your money faster when you process a
withdrawal.
Costs
Because of the digital nature of the transactions, Ether payments cost players far less if
anything at all to process, allowing you to keep even more of your winnings.
Limits
The secure nature
of Ether drastically lowers the possibility of fraud, so players who use the
currency are more likely to be given higher betting limits as well as deposit
and withdrawal limits.
Bonuses
Many sites are
encouraging players to use Ether as a payment method, offering far larger
deposit bonuses to players who choose to use this cryptocurrency. Check out our
individual site pages for the best places to look for Ethereum bonuses.
These new
cryptocurrencies have a real-world value, and they are currently being traded
the same way you would a traditional stock. The rapid growth of the industry
sent prices of Ethereum on a roller coaster, so not only are you going to be
gambling with Ether at a poker table, but you are also gambling on the value of
the currency when you decide to buy and sell it on the open market.
Site security
Not every
site that offers Ether as a payment option has a gaming license, and this can
lead to issues with security as a whole. While your cryptocurrency transactions
are secure, the site still has to approve payments, and rogue casinos without
licenses are more likely to cause trouble with their players.
Availability
Even though
the online gambling industry was one of the first to accept cryptocurrency,
there are still a majority of sites that do not accept Ether as a payment
method. While the number of sites that accept Ether will continue to grow, you
will need to do some research or read our site to find out the places you can
use this currency to do all your gambling.
Ethereum Gambling Sites
Even though the number is changing on a daily basis, the good news is that
more and more sites are starting to accept Ether for gambling purposes. Here are
the different types of Ethereum sites that you will find.
Ethereum: Casino Sites
Casino sites are where you are going to find the most competitive offers for your Ether deposits. These can come in any form, a download casino you use on your PC or an app you download to your phone or tablet. Regardless, you will find slots and table games at the best ethereum gambling sites. There are even sites that offer only cryptocurrency as a payment and gameplay option. Our Ethereum casinos page covers everything you need to know about the best places to play.
Ethereum: Sports Betting Sites
Sports betting is getting a lot of press these days, especially in light of the potential for regulation across the United States. It seems inevitable that Ethereum betting will be on the rise, and in fact, you can find sites now that are developing technology for you to use Ethereum to place wagers, without ever having to deal with a site itself. Until that time, there are plenty of traditional ethereum betting sites, and we’ll review a bunch of them for you on our sportsbook page.
Ethereum: Esports Betting Sites
Esports seems like the perfect spot for Ether to be used. The esports landscape is growing exponentially, and much like poker before it, it is allowing players from across the world to play in games simultaneously and without interruption. As the betting on esports continues to grow, Ethereum is well positioned to be one of the major payment mechanisms for this millennial-driven market.
Ethereum: Online Poker Sites
Poker was one of the first games to accept cryptocurrency, and the sites continue to lead the way. There is something about a poker player that seems to make them early adopters of new technology, and Ethereum is no exception. Whether you are looking to play tournaments or cash games, and no matter the stakes levels, there are poker sites available to play with Ethereum.
Conclusion
Despite only being active for less than three years, Ethereum has risen in
value and in credibility, challenging Bitcoin as one of the leaders in the
cryptocurrency space. We are bound to see an increase in eth gambling sites, and as we do, we will continue to
update our site reviews as well as this page, so you are always aware of what
great sites are available for real money cryptocurrency gambling.
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