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Cryptocurrency is based on unique blockchain technology. It has already been implemented in a different sphere of life. The idea of a highly anonymous, decentralized, cheap and fast transaction network is wonderful. Hence, it should come as a surprise that more industries have started using cryptocurrency. One such is the gambling industry and you can check the different gambling sites that have adopted it already from BitcoinBuster.com
Cryptocurrencies like Ethereum have been adopted by gambling sites to go above and beyond. It has to stay abreast with technological progress and introduces advanced gambling needs on a regular basis.
Most Ethereum casinos have in-built wallets where punters will be able to store ether or some other cryptocurrency. There are different promotional campaigns and bonuses that are similar to the regular casino offers that you will get to enjoy in an Ethereum Casino.
Even though Ethereum casinos are the same as the regular ones, you will get to enjoy some unique features. Let’s take a look at them.
Safe and Fast Transactions
Blockchain is a popular technology. This is mainly because of the innovative features that it offers. For example, all operations and transactions within a blockchain are irreversible. This means neither casinos nor gamblers can manipulate the outcome or interfere with the financial transaction data.
Moreover, the transactions that you are making are encrypted. So, it is free from all third-party interference. Usually, you make peer-to-peer deals between the casino and the gambler.
Another important feature is that it comes with a high-speed network. Thus, you will be able to get your money almost instantly.
Bonuses
Ethereum casinos offer the same promotional deals and bonus as the other gambling sites.
Here are a few of them,
- Deposit Bonus: It will multiply the initial amount of Ethereum
- Free Spins and Tickets: It allows you to play poker, slots, and other games with a chance to win cryptocurrency without betting cryptocurrency.
- No Deposit Bonus: Offers free Ethereum after the registration.
- Progressive Jackpots: Increases the potential profit with every game.
The only thing that you need to keep in mind is that nothing is absolutely free. These offers are valid only for a limited time. At times, you cannot even withdraw the deposit bonus until you have fulfilled the wagering requirement of the Ethereum bonus amount. This is the reason it is important to read the terms and conditions.
High rollers can also win VIP offers. A few Ethereum casinos feature loyalty programs so, the more you bet, the better bonuses you are going to win.
Convenient for Gamblers
Blockchain can store the details in an encrypted form and doesn’t need any personal information of the users. It contributes to the anonymity and privacy of the users. This can be taken as a direct benefit, particularly in the world of gambling.
Blockchain is decentralized. Hence, it doesn’t belong to the government. So, as long as this technology is off the government radar, players will be able to avoid paying taxes. However, it is necessary to follow the legal updates and the news as Ethereum and blockchain are becoming highly popular.
Also, high rollers pay close attention to Ethereum casinos due to the rising cryptocurrency price. Even betting in Ether will help you to win a large amount of money.
Games
Ethereum casinos provide different kinds of casino games such as roulette, slots, poker, baccarat, and blackjack. Online slots are the most popular games that gamblers like to play. This is mainly due to its potentially large jackpots and simplicity. Nevertheless, there are other games that are popular such as Blackjack, Roulette, and Baccarat.
There are also a few sites offering sports betting. So, you will be able to enjoy all types of games in an Ethereum casino that you usually enjoy in a regular casino.
How to Make a Deposit in Ethereum Casino?
Unlike the regular online casinos, Ethereum casino needs to own a cryptocurrency wallet. In simple words, it is an address where you store the Ether. Hence, the first thing that you have to do is create the wallet.
Here are the steps that you need to follow when it comes to funding the Ethereum casino.
- Create a wallet with multi-factor authentication and unique addresses.
- Purchase Ethereum through regular exchanges or peer-to-peer systems online.
- Next, you have to register at an Ethereum casino and sign in. Look for the preferred payment option.
- Send the money by inserting the amount of Ethereum you would like to deposit along with the address of the casino in your wallet.
- Now, you can start playing.
Conclusion
It is evident that Ethereum casinos have great potential. However, they are not safe haven. Cryptocasinoking.com
The good thing about these casinos is that you will be able to transact with them directly and there will be no interference from the third parties. Moreover, the blockchain system is going to protect the transactions. So, all details you are sharing are going to be completely anonymous. Ethereum casino also charges a very minute transaction fee.
A few drawbacks of these sites are the unreliable nature of Ethereum. You can ignore the laws and the taxes of the states. However, you can’t predict the future of blockchain. Also, being a currency, its price is going to rise or fall.
Nonetheless, the websites are a good alternative to the regular gambling sites. However, you need to be careful with the site you are choosing.
