Cryptocurrency News

Ethereum Casinos gaining popularity

By October 15, 2020 No Comments

The undisputed king of cryptocurrencies when it comes to both investment and gambling industries is Bitcoin but coming in at close second place is always Ethereum. ETH Casinos have been around for quite some time now, and they’re gaining more and more popularity each year. There are reasons behind this rapid rise and they are directly correlated to the advantages of the Ethereum Casinos. These advantages are fairly similar to the ones that BTC brings to the table, although there are some even better attributes that only ETH Casino participants can boast in their everyday gameplays. So, why is Ethereum Gambling gaining so much popularity in recent years and why should you definitely give it a go?

Ethereum Casino’s Familiar Advantages

Just like the BTC, ETH gives the players certain benefits that no other form of gambling even remotely can come close to. The first and foremost is of course the amazing speeds of transaction that can only be achieved using cryptocurrencies. Both Deposits and Withdrawals happen unbelievably fast, compared to the classic casinos that take days to finalize transfers, due to intermediation from the banks. ETH Casinos enjoy the higher levels of security due to the decentralized design of cryptocurrencies, which are almost impossible to hack or tamper with. Last but definitely not least is the anonymity of the Ethereum Casino. While playing, all your information stays completely hidden from any third-party interference, making you invisible to unwanted attention. 

Difference Between BTC and ETH Casinos

Although fairly similar, ETH Casinos and BTC have slight differences, where Ethereum takes the game to even bigger heights. Both of these cryptocurrencies are lightning-fast, but Ethereum is even faster. It takes half of the time that BTC requires to finalize the transaction. We are talking about the literal minutes, and sometimes even seconds. This is due to the second difference, which is the smart contracts. SC is the revolutionary exclusive of the ETH which serves as a digital contract between the Ethereum Casino and the players for the transactions.

Where to find the best Ethereum Casinos?

It’s all about the reputation in the gambling industry and of course the offers that various Ethereum Casinos provide to their players. It’s easy to find certain review websites that pit ETH Casinos against each other and inform you about the in-depth details about the top casinos of the industry. All you have to do is choose the best option for yourself and start playing.