Introduction
The world of online gambling has changed dramatically over the past few years, with new payment methods and technologies emerging at a rapid pace. While traditional fiat currencies like the dollar and euro are still popular among players, some experts believe that cryptocurrencies like Ethereum have the potential to revolutionize this industry in much the same way they have transformed other sectors of our economy. So if you’re looking for an alternative way to place your bets on your favorite games and sportsbooks, here are 6 reasons why you should consider using Ether instead of traditional money:
Playing games with Ethereum is convenient
Ethereum is a digital currency that can be used to pay for things. It’s also a cryptocurrency, which means it can be traded and invested in like any other financial instrument. Ethereum allows you to access the blockchain, which is essentially an open-source database of all the transactions that have ever taken place on the network. This means that if you’re interested in gambling with Ethereum, there are plenty of options available to you—and they’re all easy to find!
To play games with Ethereum:
- Purchase ETH at an exchange like Coinbase or Gemini (which accepts credit cards). You can then send your ETH from the exchange to any wallet address (like MyEtherWallet) so that you can use it when gambling at a particular site. If this sounds complicated but don’t worry—there will always be instructions available online explaining how exactly how much ETH should go into each wallet before playing any game or tournament.*
You can gamble anonymously with Ethereum
Ethereum is a decentralized platform that runs smart contracts. These are applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. Ethereum was invented by Vitalik Buterin in 2013 and is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transaction data.
Ethereum is not controlled by any government or organization. This means that no single person or entity can control it either! It’s completely open source, meaning anyone can use their software to build on top of it without paying anyone anything to do so. This also means there aren’t many fees involved with using Ethereum at all because they’re not trying to make money off you like other online websites might try doing once they sign up at some point down the road (especially if they’re greedy). They just want people who want fun games like blackjack & roulette where they can win real money playing against each other while still being able to keep their privacy intact!
Your ETH gambling winnings are yours to keep
If you win on a cryptocurrency gambling site, your ETH is yours to keep. This makes a big difference when compared with traditional ones.
Most traditional online sites charge fees when players withdraw their winnings. These fees can range from 5% to 10%. If you deposit $100 and then win $300 playing slots, the casino will deduct their fee before sending the remaining $200 back to your wallet. In this case, it would be more like they deposited $100 and then took away 20% of it as soon as they sent out your winnings!
That’s not how crypto gambling works!
With crypto casinos (and especially those running on Ethereum), there are no withdrawal fees of any kind—the ETH in your wallet belongs entirely to you once it arrives there successfully! You can use that ETH for other games or simply cash out whenever it suits you (and yes, this includes converting them into fiat currency).
ETH gambling sites offer a wide range of features
When you visit the vast majority of Ethereum gambling sites, there is a wide range of options to choose from. You can play a variety of games and bet on several events in real-time. You can also take advantage of numerous bonuses and special promotions when you place your bets. Lastly, there is a variety of payment methods available for your convenience.
You can make instant payments using Ether
You can make instant payments using Ether.
In a world where you’re used to waiting days for transactions to be confirmed, it’s easy to forget that payments don’t need to take so long. With Ethereum, there’s no need to wait for your transaction to be confirmed by the blockchain—you can just send Ether immediately after sending it. No more worrying about whether or not your credit card company will approve your purchase or if your bank will process the payment within seconds of receiving it!
ETH casinos have lower fees than traditional gambling sites.
You might be wondering why you should choose an Ethereum gambling sites over a traditional one.
The answer is quite simple: ETH casinos have lower fees than their traditional counterparts! You see, gambling platforms that deal in fiat currencies have to pay expensive transaction fees every time they accept cash or credit card deposits from their players. With Ethereum, however, there are no such fees because it’s a decentralized currency and isn’t backed by any government or central bank.
Ethereum is a better payment method for online casino gaming than Fiat currencies
If you’re new to cryptocurrency, the concept of a “decentralized platform” may seem strange. In order for a cryptocurrency like Ethereum to be considered decentralized, it means that there is no central authority controlling it. The technology behind Ethereum relies on computers all around the world running software that contains its history and transaction logs (called a blockchain). Decentralization allows for many benefits in comparison with traditional currencies, including faster transfer times and lower fees.
If you’ve already heard about Bitcoin (BTC), then you know what cryptocurrency is: digital money created by computer algorithms instead of governments or banks. Ethereum is similar but different, as it aims to create an entire decentralized network through which people can interact without needing any third parties (like banks). This means that anyone using ETH can do so without having any intermediaries take fees away from their transactions or limit what they’re allowed to do online with their money!
Conclusion
In conclusion, Ethereum has many benefits over traditional payment methods. You can play games anonymously, securely, and with no fees. Your winnings are yours to keep, so there’s no need to worry about taxes or being scammed by shady sites that run away with your hard-earned cash! Being able to gamble with ETH is just another reason why it’s such an exciting technology right now – we hope this article helped explain some of the reasons why so many people are excited about this cryptocurrency!