With players from all over the world enjoying online casino games, many players are seeking alternative payment methods so they can enjoy games with situs slot gacor even when their country has blocked transactions from banks. One way to enjoy these sites and amazing games is to make use of crypto currencies. While a number of players may already be familiar with Bitcoin, Ethereum is another currency that is starting to become quite popular.
Ether’s presence in the online gambling market is still limited as it is in its beginning phases, but this currency offers many advantages when betting at casino sites, poker rooms or even sportsbooks. With Ethereum, players can use this currency to wager real money without having to use the traditional payment methods that are commonly used at betting sites.
This crypto currency was just introduced in 2015, and while it is in the first stages of development, it has already become a top choice for many. It allows any user to send or receive payments online without any taxes, authorities or regulations, making it very similar to Bitcoin. The main thing that sets ETH apart from other crypto currencies is that smart contracts are used. These create effective systems for a variety of projects, from simple apps to gambling sites and all transactions are conducted in ether.
The dazzling lights, the sound of coins hitting the tray, and the exhilaration of hitting the jackpot are now accessible at your fingertips through online casinos Kuwait.
Buying ETH to Gamble Online
In comparison to Bitcoin, there are just a few exchanges that deal with ETH at this time, but getting your hands on this currency is not overly difficult. The best way to accomplish this task is to download an Ethereum wallet. Since ETH is still in the early stages, there are not as many wallets as there are for Bitcoin, but there are a few that are trusted and secure. Some can even be installed on Android and iOS devices for easy mobile use. Some wallets will also require a converter to be installed, which will convert the native currency to the Ethereum currency so it can be used to make online purchases.
Once the currencies have been exchanged and Ether is in the wallet, it can be used when registering at most online casinos. Players will simply create their account and make a deposit the same way a Bitcoin deposit would be made. If players are restricted from accessing online casinos due to an ISP block in their country, they can use a VPN program to generate a different IP address, allowing them to access online casinos and then make a deposit using Ethereum. The majority of online casinos that support the use of Bitcoin will also allow players to use ETH as a currency when creating and managing a real money account.
Ethereum vs. Popular Payment Methods
Any player who has visited an online casino will be aware f the different methods that can be used to manage a real money account. These often include credit and debit cards, prepaid card, ewallets and bank transfers. Unfortunately, many players suffer from the inability to use many of these methods. For example, players from the US cannot use bank transfers, debit or credit cards. They are also restricted from using some ewallets like Neteller, PayPal and Skrill.
By using Ethereum, players do not have any restrictions and it does not matter where they are located. There are no regulations in place and players are free to use a VPN service to alter an IP address to access many operating online casinos worldwide. With Ethereum, these players can now have a safe payment method and deposits can easily be conducted using an Ethereum wallet, just like when using Bitcoin. The funds are immediately available at the casino and all winnings and withdrawals will also be processed in ether.