Gambling Sites with Ethereum – Learn More

Why Play at ETH Casino

If you can’t decide which cryptocurrency to play and which casino to pick, take a closer look at Ethereum. It differs from bitcoin because it is used mostly to run smart contracts – special software that replicates real-world scenarios in a decentralized environment.

Nevertheless, you don’t need to understand all aspects of the network, such as smart contracts, if you just want to make casino deposits using ETH. Ethereum’s block time is only 15 seconds compared to 10 minutes for bitcoin. Ethereum-casinos are not as common as bitcoin casinos.

Benefits of Ethereum Casinos

Ethereum’s rate can jump anywhere high at any moment. Online casinos that offer ETH are characterized by numerous advantages:

• The ability to use the system anonymously, preventing disclosure of personal and payment data to third parties.
• Instant execution of transfers – from several minutes to 24 hours.
• Freedom from control by financial and state institutions.
• Availability of fee deductions when sending crypto.
• Fair and transparent game.
• Simplicity of code.
• Reliability of the registry to store information and apply data.
• Maintenance of a large number of programming languages.
• Security of transactions by means of smart contacts.
• Any equipment is suitable for using the system.

Pitfalls of Ethereum Casinos

Like any other payment system, ETH Casino has certain disadvantages:

• The negative impact on the global economy due to the independent conclusion of transactions by the parties and the lack of need to use the administration’s services.
• The probability of issues with the placement of tokens on exchanges.
• Closing of transactions after fulfilling participants’ obligations.
• Vulnerability of the system – no 100% safety guarantee.
• Lack of information on the web.

How to Buy Ethereum

You can buy ETH on a cryptocurrency exchange or directly from wallets. On Ethereum.org, you can find available options to buy Ethereum simply by specifying your country. For example, here are some popular options:

• Binance
• Bittrex
• Coinmama
• Kraken
• Argent
• MyEtherWallet
• Trust

It is possible to buy Ethereum both for fiat money (e.g., dollars or euros), and cryptocurrencies (Bitcoin, Tether, etc.).

How to Choose a Reliable Platform

Gambling sites that guarantee fair payments and stable operation are necessarily licensed. Look not only at the availability of the document as honest websites always put it in the public domain.

When compiling the rating, gurus of gambling consider not only whether the company has a license, but also a number of other factors, including the variety of slots and games, the presence of well-known providers, such as NetEnt, Endorphina, Microgaming, etc. In addition, one should pay attention to whether the crypto casino site supports HTTPS protocol.

Security and Anonymity of Ethereum

Security is the key advantage of the ETH system. Applications developed and running on this blockchain are decentralized and almost completely unhackable. It is virtually impossible to impact the cryptocurrency ledger.

To eliminate the consequences of hacks, the company’s management did hard work, which led to the separation of the blockchain into Ethereum and Ethereum Classic. Since the system is not subject to any world government, it can be used anonymously.