Ethereum Gambling: Easy ETH Deposits and Withdrawals at CryptoCasino

Using cryptocurrency to fund online casino gambling has been increasing in popularity over the last decade. Here at CryptoCasino, if you deposit Ethereum into your account, you’ll still be able to play all of your favourite online casino games, as well as some crypto-exclusive games too. Online Ethereum casinos have always been at the forefront of using technology to help improve user experience and we’re no different. This improvement is the main reason why the use of Ethereum for online gambling has increased over recent years.

Using cryptocurrency to fund online casino gambling has been increasing in popularity over the last decade. Here at CryptoCasino, if you deposit Ethereum into your account, you’ll still be able to play all of your favourite online casino games, as well as some crypto-exclusive games too. Online Ethereum casinos have always been at the forefront of using technology to help improve user experience and we’re no different. This improvement is the main reason why the use of Ethereum for online gambling has increased over recent years.

Here in this article, we’ll take an in-depth look at how easy it is to gamble with Ethereum here at CryptoCasino. So if you’d like to know everything there is to know about this increasingly popular method of payment for crypto gaming, keep reading.

Understanding Ethereum

Before we delve deeper into how to use Ethereum and its many benefits, we feel it’s best to first explain to you exactly what it is. Most will label it as just another form of cryptocurrency, however it is so much more than that. Yes, you can play your favourite casino games and withdraw Ethereum at selected online casinos, but there’s a reason it’s dubbed the “world computer” by many in the industry.

Ethereum is its own, decentralized platform that enables those who know how, usually experienced developers, to create and deploy smart contract and decentralized applications, called “DApps” for short. While its main competitors, such as Bitcoin, are just a cryptocurrency to be used in place of fiat currency, Ethereum offers users both the cryptocurrency and the secure platform on which to facilitate payments and transfers.

The best way to explain Ethereum is that it is a block-chain based platform. Blockchain works by filling blocks with transactions, once a block is filled, the following transactions are stored in another block linked to the previous, like a chain. Ethereum is a little different from regular blockchains however, as it allows the ability to run code within it, creating the possibility to create smart contracts and DApps.

How to Use Ethereum for Gambling on CryptoCasino

The first thing you’ll need to do to gamble with Ethereum is to ensure that you have your cryptocurrency stored in a reputable, secure Ethereum wallet. Then, you need to go to CryptoCasino.com and click or tap on the ‘Sign Up’ button, which can be found in the top right hand corner of the screen. If you have a MetaMask account, you can sign up and incorporate your MetaMask account with your CryptoCasino account, meaning you don’t have to provide any sign up information. Otherwise, you’ll need to sign up with an email address and password.

Once you're logged into our Ethereum casino, go to your account and select the deposit option.

Head over to your chosen e-wallet to deposit Ethereum, input how much you’d like to deposit into your CryptoCasino account and paste the unique blockchain address you copied earlier into the designated field to confirm the transaction.

Wait for the confirmation message to appear and your crypto should appear in your account instantly, allowing you to gamble with Ethereum safely and securely.

It’s worth noting that the minimum amount that can be deposited into your CryptoCasino account using Ethereum is the equivalent of $10. The maximum amount allowed in one transaction is the equivalent of $100,000.

What is MetaMask?

Created in 2016, MetaMask is one of the world’s most popular and widely used cryptocurrency wallets. It is free to use and also allows the ability to buy, receive, send and swap Ether, the main token on Ethereum. One of its main appeals is the fact that it can be used with various cryptocurrencies for the purpose of online gambling. It provides enhanced security, privacy and decentralization, making it a popular choice among online crypto casino players. Another benefit to having a MetaMask account is that you can link it directly to your CryptoCasino account, so you don’t even have to sign up with an email address if that’s not something you’d like to do. Simply select the MetaMask option when signing up and follow the instructions.

If you don’t have a MetaMask account, the good news is that you can set one up completely free. To begin, you’ll need to download the MetaMask extension for a supported web browser. Once added, you can create a new wallet, which will prompt you to create a secure password, along with a 12-word seed phrase as a backup for the account. Now you officially have a MetaMask account. Once in your account, you can buy ETH directly from the platform by heading to the homepage and clicking on the ‘Buy’ option. Many forms of fiat payment are accepted including debit and credit cards. You can also sell your ETH, send it to someone else using their public key, or trade it for another token, all from one secure place.

Benefits of Using Ethereum for Online Gambling

It’s no secret that using cryptocurrencies to gamble online provides a whole host of benefits for players, but these can be different for varying forms of payment. Ethereum is one of the most popular methods of payment here at CryptoCasino, so let's take a look at some of benefits of using it:

Enhanced privacy

If you want to bet with Ethereum, you’ll enjoy a much more secure experience than you would with a regular fiat casino. This is because you won’t need to provide any personal information in order to create your account and play your favourite casino games, like online slots using ETH.

Speedier transactions

One of the biggest benefits of playing at CryptoCasino using Ethereum is that the transactions are processed far faster than many other payment methods. When you use ETH, your transactions will be processed almost instantly, meaning you can play your favourite casino games with us whenever you like.

Lower transaction fees

You’ll find that, when using traditional payment methods at fiat casinos, one of the main complaints players have is the transaction fees associated with them. Using Ethereum with us comes with much lower fees, and you can expect to only pay the equivalent of $1 or $2 to process a transaction.

No 3rd party interference

When playing with Ethereum, there’s no need for information and data to be exchanged with the online casino. This means that you and your details are kept safe throughout the transaction process, regardless of whether you’re depositing into, or withdrawing from, your account.

Withdrawing Winnings in Ethereum

If you’re lucky enough to land some winnings from your gaming session with CryptoCasino, you’ll be glad to know that it’s just as easy to withdraw Ethereum than it is to deposit it. The process is pretty identical, also. Just head to the account section and select the withdraw option, choosing Ethereum from the list of payment methods. Have your crypto wallet open in another window and copy your unique blockchain address to post in the designated box, type in the amount you want to withdraw and confirm the transaction.

More often than not, Ethereum withdrawals are processed instantly, or a few minutes at the longest. On rare occasions, your withdrawal may be placed into a ‘pending period’, which is a delay to the transaction being processed. The very longest that a pending period will last is three days. As already mentioned, you will have to pay a transaction fee, but this is minimal compared to the vast majority of other payment methods and will only equate to a couple of dollars at most.

If your account has not gone through our verification process, you will be prompted to complete this procedure. You will only have to do this one time after signing up for a CryptoCasino account.

Safety and Security

We implement a Know Your Customer (KYC) approach that allows us to protect customers from potential fraudulent activity. We do this by corresponding with the email address you have linked to your account and we may ask for identity verification when your account is created or when your first withdrawal is made. We also allow you link your MetaMask account, so you can benefit from the additional levels of security offered by their platform.

Some good practices to keep your Ethereum transactions safe include:

• Using a hardware wallet where possible
• Enable two-factor authentication
• Regularly update software
• Keep your keys offline and encrypted if possible

Conclusion

Overall, using Ethereum as your primary method of banking is one of the best ways that you can enjoy everything that we have to offer here at CryptoCasino. Whatsmore, you’ll benefit from additional security offered by the Ethereum platform, as well as faster transactions which are typically processed instantly and are charged less than traditional payment methods. For even more ease and convenience, you can even link up your MetaMask account directly to your CryptoCasino account, making the entire deposit and withdrawal process as seamless as possible. So, if you’re an avid Ethereum user and you want to find out what all the fuss of crypto gambling is about, create a CryptoCasino account today and join one of the world’s leading Ethereum casinos!

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