Online Gambling With Cryptocurrency: Bitcoin vs Ethereum

Published on March 13 2021

Online Gambling With Cryptocurrency: Bitcoin vs Ethereum

As time goes by cryptocurrency seems to become more relevant with several companies, individuals, and even nations either coming up with their own or heavily investing in one. This is why it is important to understand the currency type as a whole and how it can be used in online gambling. Here is everything you need to know about gambling with Bitcoin and Ethereum:

Bitcoin Ethereum
This is a good choice for most people who are new to virtual money. Bitcoin is by far the most popular cryptocurrency giving players the most options with online casinos. Besides dedicated platforms for this type of money, a number of already popular gambling sites have added support for the payment type. This means that there are quite a few casinos out there with a very good game selection. These include well-known operators like PlayAmo casino, Betchan, and Sloto’ Cash. This is another fairly popular choice for people who wish to use cryptocurrency. Since its inception in 2015, the virtual money type has grown fairly steadily. Due to the sophisticated nature of the blockchain, it makes for a secure and safe choice. Finding sites dedicated to this cryptocurrency is more difficult but several well-known online casinos do support it. This includes 22Bet casino, King Billy casino, and Bitstarz casino. 

How To Make A Cryptocurrency Casino Deposit

When using either of the two cryptocurrencies the process is fairly similar. Both require using a crypto wallet to store your virtual currency. Once this is done making and receiving payments from a casino is fairly easy. Actually acquiring Bitcoin or Ethereum only requires a credit card in most cases. The next step will be to find a betting site that you like (do not rush this process, take your time). Making a crypto deposit to a casino is quite straightforward only requiring an address from the site. From here you can do the transfer through your virtual money wallet. Transfers usually happen immediately. 

How To Withdraw Your Virtual Winnings

The main advantage of using cryptocurrency for online gambling is that it's really easy to withdraw casino winnings with Ethereum and Bitcoin. You will need to go to the cashier section of the casino you are using and request a payout. Once you make a transfer back into your e-wallet from a betting site it will be very easy going forward. This transfer should be completed quite quickly. 

If you have been on the fence for a while about betting with cryptocurrency or just using the new money type generally, hopefully now you feel a bit more comfortable about it. When you are first starting out be sure to stick to well-known sites for the best possible experience. 

 

Written by Justin Frogs

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