How to Make a Deposit and Withdraw Money at Ethereum Casinos
Ethereum is a simple, efficient way to deposit and withdraw money at online casinos. Transactions are processed quickly and securely, with reduced wait times and lower fees compared to fiat currency. Players use their personal Ethereum wallets to process payments via the smart contract system. Below is a typical step-by-step process.
Step-by-Step Process of Using Ethereum for Casino Deposits
Choose a reputed Online Casino
The first step is to choose a reputable online casino that accepts Ethereum as a payment method. You can choose any of the safe, secure casinos that our experts at Australian Gambling Online have listed. From here, you’ll either need to log in or create a new account.
Select Ethereum as Your Deposit Method
From your account page, navigate to the casino’s cashier or deposits section and choose Ethereum as the deposit method.
Enter Your Deposit Amount
Enter the amount of Ether (ETH) you wish to deposit into your account. The casino will generate a unique Ethereum address for you to send your funds.
Transfer Ethereum
Enter the unique address into your personal Ethereum wallet. Users should take care to ensure that the address matches the one provided by the casino, as blockchain transactions cannot be reversed. Once the transaction is broadcasted to the Ethereum network, it needs to be confirmed before the deposit can be processed.
Start Playing
The processing times of Ethereum payments can vary but typically take only a few minutes. Once your deposit has been confirmed, you’re free to start playing your favourite casino games!