A number of casino establishments will take Ether as a form of payment. This particular type is no different to casinos accepting EUR, US Dollar, Bitcoin or any other currency for that matter. The process of depositing and withdrawing is not different from classic forms of gambling. Simply head over to your casino wallet, select Ethereum as your favoured payment method and you will have funds at the ready in a matter of seconds.
Contrastingly, brand-new exciting forms of casinos are pure Ether gambling venues. These offer casino games based on a string of smart contracts, while accepting payments in no other currency than Ether. Ether casinos have been leading the line forward in the industry by inventing new initiatives called Edgleless – which bring the 0% house edge gambling model. This disruptive piece of innovation has created plenty of wrinkles in the industry. However, it also helped bring Ether gambling to the very forefront of iGaming.
Casinos accepting Ethereum are a community of their own and one counted in hundreds. Naturally, a handful of leaders in this field are worth your time and Ether so before you dig into it, make sure to check if they boast a trusted status within the industry.
How to Deposit at ETH Casinos
The fun part of using Ether on gambling sides is depositing and withdrawing funds. Although, withdrawals are admittedly more fun as you get money instead of give it to someone. Nevertheless, your wonderful gambling adventure cannot begin if you do not deposit money. Here is how to do that:
- Log into your account or register if you are new
- Head to the Banking page
- Pick Ethereum as your option
- You will get a wallet address which you should remember
- Go to your ETH wallet and start a payment to the address you’ve received
- Wait for the confirmation of the transaction
- Funds should be at your disposal immediately
Ethereum casino deposits are perhaps easier than Bitcoin deposits. However, the only thing you should have in mind is the playing currency. If you are playing at ETH casinos, that won’t be a problem. But, if you decide to play at a regular casino that accepts Ethereum, bear in mind currency conversions.
How to Withdraw Funds from Casinos that Accept Ethereum
The cashout process is equally simple as deposits. You only need to pick a site that’s trustworthy, the rest will come easily. Here is a detailed explanation with steps for withdrawing funds from Ether casino accounts.
- Log into your account
- Visit the Cashier Page
- Choose a cashout process
- Select Ethereum as your payment method
- Enter the sum you wish to transfer
- Confirm the transaction
The only problem you might have with this part of the experience is the waiting time. In general, ETH transfers are completed in 15 seconds. But this also depends on the casino. For instance, players have to wait up to 48 hours for the operator to validate the transaction. Other operators finish this step in a couple of hours.
Fees & Processing Time
As far as any cryptocurrency is concerned, all activities and services are free, and they will remain free forever. The decentralised system is not under any control, so financial institutions cannot pose fees for something they have nothing to do with.
Moreover, gambling operators are not interested in billing customers as they would quickly lose customers.
The only fee you might encounter is the currency conversion fee. Check this detail before you join a casino and before each transaction.
As for waiting time, it is quite short. Deposits are nearly instant – if you count 15 seconds as a relevant processing time that can change something. Withdrawals are supposed to be fast, even faster than Bitcoin. However, you should count in the operators as well as they might take more time to authenticate a payment.