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Technological innovation and the internet exploding in popularity led to a growing interest in online transactions. Buying and selling things over the internet existed for a while, but it was always treated with slight scepticism. While most of us looked for secure ways to use our debit cards online, some communities approached things differently. Their goal was to create actual internet money, which was not backed by any central bank.
We already know how this story ends. It saw the birth of Bitcoin, which remains an incredible cryptocurrency even now. However, it is not the only option for people interested in internet money. Mid 2015, we saw the creation and rise of the world’s second-largest cryptocurrency, called Ether or Ethereum.
The goal of Ethereum was to create access to digital money and services for everyone. The currency itself is the backbone that powers the Ethereum network. Ether can be used to pay funds, but it also has a variety of other uses. Ethereum allows you to get crypto loans, create tokens and, of course, use it as a payment service.
The technology behind it is incredible, and has the potential to change the internet! For our purposes, we will be looking into Ether as a way to transfer funds securely to and from a casino.
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As the second most popular cryptocurrency, Ethereum is present in every online casino that accepts crypto. That said, this is still a small number of operators. While they offer unparalleled security and privacy, cryptocurrencies are not everyone’s cup of tea.
Many websites choose not to bother with them at all. However, we do not think that should discourage you from using Ether. Which is why your pals at Casino Bloke picked out the best casinos that allow you to use Ethereum to pay!
New WooCasino players can claim 2 deposit bonuses worth up to €200 + 200 free spins. Spins valid only on select slots. 40x wagering requirement. All bonuses valid for 14 days. Min deposit €20 (or currency equivalent).
The minimum deposit requirement to qualify for any part of welcome bonus is 0.6 mBTC, its equivalent in other currency. Welcome package consists of: 100% bonus up to €100/1,5 BTC and 100 free spins on your 1st deposit; 75% bonus up to €100/1,25 BTC on your 2nd deposit; 50% bonus up to €200/1,25 BTC on your 3rd deposit; 100% bonus up to €100/1 BTC + 50 FS on your 4th deposit. All bonuses (unless otherwise specified) need to be wagered 35 times before the funds can be withdrawn. Time to wager - 14 days.
100% matched deposit on your first deposit up to $500 plus up to 200 free spins for slots. $20 minimum. 35x wagering requirement (deposit + bonus), 10 expiration period. New customers only. 18+. Find the full T&C on the Cashed casino site.
100% matched deposit bonus on your first deposit to the casino, plus 150 free spins for various available slots.. 75% bonus on your second, 50% bonus on your third, and a 25% bonus on the fourth deposit. 14-day time limit. 35x wagering requirement. New customers only. 18+. Please gamble responsibly. Full T&Cs apply.
Min deposit $20. 50x wagering for deposit bonus. Max bet with active bonus $5. Max winnings resulting from the use of free spins $50. Bonus not available to BTC, BCH, DOGE, LTC players. Free spins added after a successful deposit and 1x wagering is met. Free spins winnings subject to 50x wagering.
New 22Bet players can claim a first deposit bonus worth up to €300. 50x wagering requirement. All bonuses valid for 7 days. Min deposit €1 (or currency equivalent)
New players only. 18+. First deposit bonus is a 111% match up to $500 with First Deposit Bonus. Two more deposit bonuses available too. Minimum deposit $25. Maximum cash out is $5,000. Allowed on all games except for Jackpot Trigger. Wagering requirements 35x. Applies to first deposit only. General Terms and conditions apply.
Bitstarz Welcome Bonus covers 4 first deposits. 1st deposit is a 100% up to €100 or 1 BTC + 180 Free Spins. 20 Instant free spins + 160 (20 per day, starting in 24 hours). A minimum deposit of 20 EUR is required to receive the 180 free spins. 2nd, 3rd, and 4th receive 50% up to €100 or 1 BTC,50% up to €200 or 2 BTC , or 100% up to €100 or 1 BTC, respectively.
New players that are over 18 can claim a €500 welcome bonus along with 25 free spins with their first deposit using the given code, then 75 more free spins can be claimed over three additional deposits. The minimum deposit amount is €20 and the wagering requirement is 40x that must be completed over 21 days.
Welcome package covers 4 deposits up to a total of 3.5 BTC. 45x wagering requirement. New customers only. Terms and conditions apply.
Company Name:
Ethereum
Headquarters:
Zug, Switzerland
Established:
2015
Like many cryptocurrencies, Ethereum has a long list of founders. The idea behind it was first described in late 2013. The original idea was to attach Ethereum’s scripting language and blockchain technology to Bitcoin. The idea was that this would allow developers to build apps around Bitcoin. The idea never took off, however. As such, Vitalik Buterin and several others got together to create Ethereum.
While it started humbly, it quickly began to expand rapidly. The Ethereum Foundation, a non-profit, was established to oversee the development of this new project. In 2017, Ethereum saw a massive boost thanks to the formation of the Enterprise Ethereum Alliance. This non-profit saw big names like Microsoft, Intel, Scotiabank, MasterCard and many others get on board the Ether train.
All of this effort has led to Ethereum becoming as widespread as Bitcoin is right now. The process of acquiring it is quite similar. You purchase it with real money through a coin exchange or a decentralised exchange. From there, you can keep your crypto with the exchange, or with a wallet. The wallet is the more secure option, as it prevents hackers from getting access assuming you take proper precautions.
Provided you have your wallet all set up, transactions are relatively simple. Your wallet will have a public Ether address, which serves a similar purpose to an e-mail address. When you first transfer your purchased Ethereum to your wallet, you sent it to that wallet’s address. Your address is unique to your wallet, and this is true for every individual wallet out there.
When you need to make a deposit to an online casino, you transfer your Ether to their wallet. How that exact process works depends on the wallet you are using. However, it functions similar to a transfer of funds from an e-wallet to the operator. Please be careful and triple-check everything when depositing funds. Cryptocurrencies do not have a support system in place if you accidentally send too much, or to the wrong Ethereum address.
As far as withdrawals go, they are handled identically to transferring crypto from an exchange to your wallet. The online casino will request your wallet address, which you copy over. Provided you entered everything correctly, the funds should appear in your wallet almost instantly.
Thanks to cryptocurrencies using similar safeguards as e-wallets, withdrawals function almost identically. Apart from processing time the operator might have, Ether withdrawals should appear in your account almost instantly. Please make sure you have correctly entered your address when withdrawing. There is no way to refund that money.
If you never used a cryptocurrency before, you may be wondering how it works exactly. To simplify matters, people use powerful computers to ‘mine’ coins and get to keep a portion of them. For everyone else who wants to use the coins, we have to purchase them! This is where the fees for using Ethereum come into play. The fee for purchasing Ether ranges from 0.25% to 5%, depending on the broker and the sum you are buying.
However, that is likely the only fee you will come across when using Ethereum. Once the funds are in your wallet, you can deposit and withdraw them without any extra cost. Keep in mind that operators may impose additional fees on their end. However, these are separate costs and have nothing to do with the actual Ether transaction.
To keep it brief; there is not any. Using your own wallet gives you full and secure control over all your cryptocurrency funds. At the same time, it also gives you full responsibility for what happens. There are no refunds or anyone to turn to if you do not secure your wallet properly. You have to accept this trade-off for the privacy cryptocurrencies offer.
Just seeing the incredible growth of the Ethereum environment tells us that it has a bright future ahead. Despite so many complaints that crypto was just a fad, it still holds strong to this day! We believe Ether is in the best position to grow and expand in the future as a result of all the extra things it offers.
As the second-largest cryptocurrency, it has widespread support among casinos that accept crypto. It has a lower initial cost than Bitcoin, too, which makes it more accessible.
An experienced iGaming writer with years of content production under her belt. Andjelka is CasinoBloke’s Content Manager who combines her passion for gaming with years of industry know-how. She’s picked up a knack for understanding what makes players tick, how games really work behind the scenes, and staying ahead of the latest online casino trends. Andjelka is all about making gaming fun, fair, and exciting for everyone.
