🏛️ Ethereum (ETH) Casinos in Australia
Ethereum, a blockchain-based platform, offers a decentralized and deregulated digital currency you can use for transactions at online casinos.
Vitalik Buterin designed Ethereum in 2013. His intention was to come up with a cryptocurrency that was more innovative and with a more diverse application on online channels.
Ethereum’s units are Ethers, which is what you’ll confirm if an online casino accepts as currency. To begin using Ethers for your online gambling transactions, simply download the Ethereum wallet from your app store and use it to convert funds in other cryptocurrencies to Ethers.
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How Deposits Work With Ethereum
With the Ethereum wallet, you can either convert other cryptocurrencies into Ethers, or you can buy Ether directly from select exchanges and deposit them into your wallet.
Once you have your Ethers in place, you can then register at your chosen online casino that accepts Ethers as currency and deposit the amount you need to start playing.
How Fast Can You Expect Your Money To Arrive?
Collecting your winnings after a successful session is just as simple. Locate the withdrawal tab and then enter an amount you wish to withdraw. You can have all or a fraction of the winnings sent to you as Ethers.
The Ethers will appear in the wallet momentarily, unlike Bitcoin, which takes about 10 minutes to reflect in your wallet. As long as you properly set up your Ethereum wallet, and ensure you key in the right casino details before confirming a transaction, you will enjoy that fast and secure transaction speed.
Will You Be Eligible For Casino Deposit Bonuses?
Just like any other online gambler, you are eligible for casino deposit bonuses.
Since Ethereum is relatively new in most online casinos, there are even better bonus offerings for those who use it, aimed at attracting a larger number of players.
You are likely to see bonuses in hundreds and some even in thousands of dollars on offer.
Choosing to transact with Ethers is therefore to your advantage.
Safety of Ethereum
You, understandably, may be concerned about the safety of using Ethers for online gambling. Here are some key features of Ethereum that address this concern.
- Ethereum relies on Smart Contracts, which makes it one of the most secure cryptocurrencies around. Smart contracts is a string of code that makes any actions on the Ethereum blockchain depend on each other, thus removing any undue advantage in one party over another.
- To add to it, the blockchain structure it is based upon ensures anonymity and added security.
- There is also the independent and decentralized nature of cryptocurrencies to consider.
The only drawbacks of note are its relatively low availability as compared to other forms of cryptocurrencies, and the irreversible nature of its transactions.
With more and more online casinos adopting it, it should soon be available and accepted in more online casinos, especially when you consider its advantages.
You also need to take a few moments to check through your instructions before confirming a transaction, thus reducing any chances of losing funds.
Ethereum offers online gamblers a great choice for their online transaction needs. If you are new to online casinos, you only need to be keen in the setting up process to enjoy using it stress-free.
For seasoned online gamblers, taking some time to register your Ethereum wallet gives you access to the many advantages of Ether.
Remember, do the registration process well, and confirm each transaction before sending it through. You should find a wide variety of games you can play at such casinos – for example, poker, live roulette, and all the major versions of live blackjack.