Next to Bitcoin, Ethereum is the most popular and widely used crypto for online gambling. First proposed in 2013 by Russian-Canadian computer programmer Vitalik Buterin, Ethereum is a blockchain-based software platform to send and receive value using ether, its native cryptocurrency. Like Bitcoin and other altcoins, Ethereum transactions are free from third-party interference. But this cryptocurrency can also do much more than that, making it a highly recommended option for crypto gambling.
At Pasino.com, Ethereum is an accepted cryptocurrency for wagering real money. You can use Ethereum to play classic casino games like online slots, blackjack, and baccarat or use it to try some of our Pasino Originals, which are provably fair. But before you deposit and start wagering with Ethereum, read our guide below and a few tips.
Why do bettors love to wager with Ethereum?
Ethereum is one of the biggest cryptocurrencies out there in terms of popularity and market cap. It has a market cap of $183.08 bn as of February 12th, with a total supply of 119.48 million. It runs on blockchain and is entirely transparent, but it's pretty unique among the many altcoins in the market.
Ethereum is based on smart contracts, which makes transactions anonymous and safe. In addition, transactions are transparent and easy to track, thus eliminating fraud. With the proper security protocol, you can remain calm when playing, knowing your funds are safe.
Playing with Ethereum also allows players to remain anonymous on betting sites. In most crypto betting sites, you don't need to share your banking details or even one's source of income. For players who want privacy, this feature makes Ethereum gambling viable. It also helps that Ethereum transactions are fast and secure, making it an ideal option for many.
Thanks to these qualities, Ethereum remains the top altcoin with a relatively stable exchange rate.
This is another reason why most crypto players gradually move from Bitcoin to Ethereum. It's now an attractive alternative to Bitcoin, with a market price that doesn't swing wildly that may cause unwanted stress.
Here are a few more reasons why Ethereum gambling is better
If you're still on the sidelines, Ethereum gambling offers a few more exciting pros. Ethereum and crypto use to provide a higher level of security. Since transactions are anonymous, players' funds are protected from theft.
Another exciting aspect of Eth gambling is the availability of provably-fair casino games. These famous examples are Hash Dice, Crash, and Towers, which offer fair and verifiable outcomes. Unfortunately, these are only available in Eth and crypto betting sites like Pasino Casino.
Finally, crypto casinos offer more exciting and generous bonuses than betting sites with regular fiat currencies. In addition to the standard signup and no deposit bonuses, crypto casino operators feature exciting promotions and campaigns like crypto faucets, giveaways, and cashback. In some crypto sites, you'll earn Ethereum bonuses by joining their social media pages and becoming active in the community.
Pasino Casino, for example, features a thriving community on Twitter. Here, players can connect with fellow enthusiasts, get news and tips about Pasino games and offers, and earn bonuses. For example, by following its Twitter account, re-tweeting its posts, and tagging friends, you can potentially win cryptos.
Ethereum and crypto offer a more exciting, safe, and potentially lucrative way of playing casino games. It gives you access to a world of the features provided by the blockchain, lets you play provably fair games, and rewards you with bigger bonuses.
But before you play, learn the basics of crypto, buy coins to fund your bankroll, and only play at legit and reputable crypto betting sites.
