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What Is Ethereum?

Bitcoin is the first thing that comes to mind when it comes to cryptocurrency gambling. However, Bitcoin is far from the only option to play at crypto casinos. Take Ethereum, currently the second largest cryptocurrency in the world. Best online casino Gamblingfellas will help you play with this currency.

Ethereum is an open source blockchain with its own cryptocurrency, ether (Ether or ETH). Ethereum is also a leading smart contract platform that allows various decentralized applications and contains thousands of tokens.

What Is An Ethereum Casino?

An Ethereum casino is a gambling site that accepts Ethereum as a means of payment. There are two main types of Ethereum casinos: centralized and decentralized.

Centralized Ethereum casinos are largely similar to their traditional counterparts. They use the same centralized servers and offer the same games. The only difference is that they work with cryptocurrencies, while regular casinos only accept traditional payment methods such as PayPal or credit cards.

Decentralized casinos are a separate category of Ethereum casinos. Such casinos are based on the blockchain itself and are protected by cryptographic protocols. Ethereum-based decentralized casinos use a set of smart contracts that determine the outcome of each game round, most often using provably fair algorithms.

However, as time has shown, the Ethereum blockchain is not optimized for gambling due to its slowness and high fees. This is why it is recommended to use the Ether currency as a deposit method in centralized casinos, and not the Ethereum blockchain as a decentralized gaming platform.

Deposit Ethereum At An Online Casino

Ethereum is a decent casino deposit option, but there are a few things you should be aware of.

If we discard all the additional features, Ethereum is just another decentralized cryptocurrency. With the help of ether, you can make deposits directly to the casino account. No intermediaries or central managers to delay or freeze your transfer.

Moreover, Ethereum provides good privacy, but should not be considered a completely anonymous cryptocurrency.

If you plan to deposit Ether, you first need to find a casino that accepts it. Below you will see a list of trusted casinos that process ETH deposits and withdrawals.

To deposit in Ethereum, go to the Cashier tab on the casino website, copy your Ethereum wallet address and use it to send funds from your exchange account or wallet.

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