Ethereum: Safe Payment Method for Online Gamblers

Ethereum is a payment system that does not have a specific control center. It’s available to any user and is not controlled by anyone. Any owner of Ethereum is confidential. The commission when transferring Ethereum does not depend on the amount of payment. The sender pays for the amount of data in the block in which his transaction is included. Nowadays, many online casinos accept Ethereum deposits. Ethereum can be purchased on cryptocurrency exchanges.

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Ethereum is historically one of the first cryptocurrencies ever created, and therefore it’s one of the most popular ones (after Bitcoin of course). The countless exchanges on which you can buy Ethereum, the huge variation in its storage methods and complete decentralization (you will never be able to confiscate or freeze Ethereum since everyone has equal rights) make using this payment method quite simple and convenient.

ethereum

How to buy and sell Ethereum

You can buy Ethereum on a large number of exchanges. Typically, the algorithm is as follows: you need to register an account, go through an identity verification (on most exchanges), deposit money into your account through a card or some other supported system and buy on the Ethereum exchange. Your account on the exchange will include a wallet where your cryptocurrency will be stored. With the help of this wallet, your operations will be subsequently carried out. Sale of Ethereum can also be carried out through a wide range of exchanges, usually, you can buy and sell Ethereum for a dollar in the same place.

How to payments with Ethereum

Transfer of funds is possible to other Ethereum wallets. It takes several minutes and is subject to a floating fee depending on the network load (currently 25-40 cents). You just need to provide wallet ID and sum. If you want to withdraw money procedure is the same. You need to provide your wallet ID and enter the withdrawal amount.

To fund your casino account with Ethereum, you need to log into your casino online account, choose Ethereum as your preferred payment method, enter your wallet ID and deposit amount. Using cryptocurrencies at online casinos has never been easier!