Cryptocurrencies as a type of digital money are used to make international transfers, anonymous and fast online payments, store savings and even buy real estate. There are many advantages for the gambling industry: decentralization, high market capitalization and security. Often, gambling sites support work with bitcoins and ether (the most popular cryptocurrencies in the world).
It is an open source cryptocurrency based on blockchain technologies and smart contracts. It allows you to make high-speed payments – faster and more profitable in terms of commission than in the Bitcoin network. Blockchain protects information about financial transactions using encryption, and therefore it is safe to play at casinos on ethereum.
Pros for players:
The decentralized management system excludes third-party interference in the movement of funds on the account and guarantees the transparency of transactions. Neither the casino platform itself nor any financial institution will be able to delay or cancel the payment in case of a win. Ether is a stable currency with low volatility (rate fluctuations), so the actual value of the funds received will not change in a couple of days or weeks.
How to make a deposit and place bets
Cryptocurrency gambling resources are divided into two types: ordinary ones that accept fiat money and tokens for depositing funds and withdrawing profits, as well as sites where you can place bets only in bitcoins, ether or other types of digital assets. To evaluate slot machines at ethereum top-up casinos, you need to register. To do this, just enter your email address and mobile number in a special form.
You can replenish the deposit using your cryptocurrency wallet, or in other ways, in which money is automatically converted into game currency. Casinos that accept ether (eth) also allow you to deposit the amount to your personal account through a crypto exchange or digital currency exchange.
What is the advantage for the player of ether and his own wallet for withdrawing funds? He guarantees anonymity if the person himself does not want to reveal his identity. Unlike payment systems, where an account is tied to personal data, you only need an e-mail to register a cryptocurrency account