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Online gambling with Ethereum is a well-liked concept, mostly among users that value flexibility and privacy. Ethereum gambling sites offer speed, anonymity, and secure cash transfers. All of those are significant benefits that players are excited to experience. But, how about licensing, safety, and game selection? This article will discuss how Ethereum works and the benefits and drawbacks of gambling with it. What's more, we'll give you all the needed information on finding the best platforms to gamble using ETH.
Operators were certainly excited to offer this new payment option, but some users were initially sceptical. Yet, even the biggest sceptics jumped on the bandwagon once they saw the number of benefits of ETH gambling. Ethereum iGaming operators guarantee your anonymity. All you need is an address and a strong password, and you're ready to deposit.
Another perk of gambling with this currency is that transactions are usually instantaneous, or in the worst case, they can take up to 10 minutes. Your personal and financial information is not visible to the public simply because you don't have to provide any. All transactions are secure and kept outside of your credit card or bank reports.
If you don't want to browse through players' testimonials to determine each site's reputation, we've got you. We aim to provide readers with fact-based, detailed information. Our casino experts carried out thorough research. They ranked the best ETH casino platforms based on the following criteria:
Depositing and withdrawing with ETH is pretty straightforward. However, as a first-time user of the currency, you may find payments a little complicated. No worries, because we will explain the process in detail and teach you how to use ETH to play your favourite casino games.
Given that you've already set up and loaded your ETH wallet, you are ready to make your first-time deposit. To do it successfully, we suggest that you follow these steps:
Just like depositing, withdrawing with ETH is simple and easy. Once you have reached the casino's withdrawal limit, you can go on and cash out your winnings. Here's how to do it:
Each ETH transaction comes with a fee, which contributes to the network for processing your payment. Usually, you will have to pay about 0.0006 ETH per transaction but, you can increase or decrease the charges. If you want your transaction to be prioritised by the blockchain, you will have to pay more than that. We want to highlight the fact that fees are imposed by the network and not casino operators. Usually, casinos don't add any extra costs to that, but you should double-check with the operator to be sure.
Ethereum iGaming operators have high limits for both deposits and withdrawals, making them very interesting, especially for high rollers. Typically, the minimum amount you can deposit is 0.01 ETH, and the weekly limit for withdrawal at most casinos is around 94.45 ETH. These limitations are way better than those on fiat currencies like USD and euros because they allow players to withdraw considerable sums of cash each month.
To start your ETH gambling journey, you must first acquire the currency, and of course, learn how to store it safely. There are a few different ways to get ETH – some are good and others not so much. For example, you can buy ETH from private sellers, but that would be a risky business. We have better alternatives for you.
The best way to store the acquired ETH properly and safely is in cold wallets. Using a good strategy can help you earn more of the currency with minimum effort. Buy some ETH when prices are lower, and once their value increases, sell them at the highest possible price to other users.
Ethereum casinos are top-rated among players, and for a reason. Unlike conventional payment methods, Ethereum comes with its own set of benefits. We cover the most important ones below: