What is Ethereum?

Ethereum (ETH) is the second largest cryptocurrency after Bitcoin . Many investors immediately saw the potential of Ethereum, as it was the first currency to use smart contracts on the blockchain. Smart contracts automatically execute transactions when the terms of the contract are met, which means that not only is it faster, but it's also more transparent because no middleman is needed. Ethereum transactions are confirmed using blockchain technology – a decentralized database that is open and public. This makes it harder for hackers to steal virtual money or user data and ensures that transactions always remain secure. Today Ethereum is becoming increasingly popular in online casinos although not many platforms support it.

A few words about Ethereum casinos

As Ethereum is one of the largest cryptocurrencies, ETH can now be used to make many online payments, including at online casinos and crypto casinos . Although cryptocurrencies are not yet on the agenda in online casinos, more and more platforms are choosing to make them available among their payment methods.

There are many scams that just want to get the player's money. Therefore, a licensed online casino is the best way to protect yourself from scams and hackers. When searching for your Ethereum casino, it is very important to carefully check whether the platform in question is trustworthy. Below we have decided to present a few online casinos available on South African market that support Ethereum payments:

Just Bit Casino

Casino Just Bit it is mainly focused on cryptocurrencies, although players also have the opportunity to deposit money using classic methods. An important point is that withdrawals can only be made by customers whose identity has been confirmed.

Unfortunately, the casino does not grant a welcome bonus at this time, however, each new player can count on personal promotions, 10% cashback and temporary promotions.

Wild Coins Casino

Wild Coins casino is 100% based on cryptocurrencies, which means that players who want to bet on classic currencies have nothing to look for here. This Curacao-licensed casino gives new players bonuses on their first 3 deposits and up to 400 free spins free spins . All payments and withdrawals are recorded immediately. Also great information is the fact that the casino does not charge any fees for processing payments.

Other casinos that accept Ethereum

Examples of other casinos that support Litecoin are:

• Payouwin
• MBit
• Bruno
• Excite Win
• Fortune Jack
• Fairspin
• Nine
• Bizzo
• Neon54

Using Ethereum in a casino step by step

In order to be able to deposit Ethereum into a casino, you must of course have it first. Any cryptocurrency can be purchased on exchanges for classic currency or other crypto. Then, Ethereum should be placed in your wallet so that you can pay with it or transfer it.

Some casinos allow you to make deposits in Ethereum directly using a cryptocurrency wallet. The exact way to use Ethereum in cryptocurrency casinos will, of course, vary from site to site, however, the general rules look like this:

• Go to the casino or banking section of your casino account
• Select Ethereum as payment method
• Enter the amount you want to deposit
• The casino will generate a one-time Ethereum address to which you will be able to send money
• Enter this address into your cryptocurrency wallet along with the amount you want to send
• If you have a lot of digital assets in your wallet, make sure you send ETH!
• The money should appear immediately in the casino account

Limits, fees and processing time of Ethereum payments in casinos

The deposit and withdrawal limits of cryptocurrencies in casinos vary from side to side, of course, although in most cases they are at least about 40 - 80 SAN. However, it often happens that with the help of cryptocurrency it is necessary to deposit or withdraw larger amounts, on the order of 200 SAN or more. However, all limits will be notified to the player at the time of deposit or withdrawal.

Many casinos realize that the issue of fees is extremely important for players, which is why they do not charge any commissions for processing crypto payments. However, if the case were to look different, the player will certainly see the relevant commission information before the payment is finalized.

Ethereum payments in many cases are posted instantly and take up to a few minutes, however some casinos reserve the ability to post withdrawals up to 48 or even 72 hours.

Ethereum casinos: advantages and disadvantages

Online casinos using Ethereum offer many advantages. First, with cryptocurrency, you can make more anonymous payments, since it is not necessary to disclose your bank account or credit card details. In addition, these payments are in most cases booked immediately. Most Ethereum casinos do not charge any additional fees for cryptocurrency transactions. A big advantage is also the security of payments - the transaction is always carried out using a secure numeric key, which is associated with the wallet.

The disadvantage of Ethereum is certainly the fact that many casinos still do not accept this method, which makes the choice of casino somewhat limited. Payments through the Ethereum wallet also involve so-called transaction fees imposed by the cryptocurrency wallet. As with many other cryptocurrencies, the price of Ethereum can fluctuate significantly. Loss of value is not uncommon.

How to find a safe and trustworthy Ethereum casino

One of the most important things to check before choosing any casino is security and fairness. The first thing to check is definitely the license - you need to make sure that the casino has it. One of the most popular licenses in cryptocurrency casinos is the Curaçao license. To protect user data, the platform should always be secured with SSL encryption. This prevents unauthorized persons from accessing them. Other important aspects in an online casino are protecting players from addiction. Users should be able to set their own limits and take a break from the game.

Tips for using Ethereum in an online casino

To make it easier for everyone to start their adventure with Ethereum casinos, we have prepared some tips that can be useful before you start playing.

• Compare ETH portfolios with each other

Since most wallets charge fees for the transactions they conduct, it is good to compare the amount of commission in several of them. This makes it possible to save even large amounts on fees. Therefore, we do not recommend choosing the first wallet that appears in the search engine.

• Pay attention to the ETH rate

In the case of cryptocurrencies, price fluctuations play an extremely important role. Therefore, it is worth buying coins when the exchange rate falls. Thanks to this, it is possible to buy more of them and later take advantage of repeated price increases and greater profits from winnings.

• Check the bonus offers

Before playing at the casino, you should always check the prepared bonus offer. Some of the casinos Grant much higher bonus values to crypto players, but others may exclude them from the bonus offer altogether. Therefore, we recommend that you carefully check the bonus rules, so as not to be unpleasantly disappointed later.

Summary

Ethereum, despite being the second largest cryptocurrency in the world, is still relatively new. With its unique blockchain architecture and smart contract features, it is one of the easiest options for crypto casinos online. Currently, there are many Ethereum casinos available, and most of them offer a high level of security, privacy and transparency, as well as traditional games and high winnings. So if you are looking for an alternative to traditional payment methods that is faster, anonymous and in many cases allows you to earn higher bonuses - Ethereum may be for you.