The Pros and Cons of an Ethereum Casino
Keeping an eye on the price isn’t the only way to see your Ethereum wealth grow. With Ethereum betting, those who enjoy the online casino can experience even more cryptocurrency excitement. Here are the pros and cons of doing exactly that.
What’s better than winning a bet? Getting the money instantly. And while BTC transactions are still far and away faster than centralized currencies, ETH puts it to shame. As in twelve seconds per transaction versus ten minutes per Bitcoin transaction. That’s not even close!
Ethereum’s privacy level is downright exceptional. For players who don’t like their online gaming on display for unwanted eyes, cryptocurrency, in general, solves that issue, and Ethereum more so than the rest. While most legitimate online casinos require basic information for their security and the safety of their players, the amounts you win from Ethereum gambling can’t be scrutinized.
One of the biggest benefits of cryptocurrency gambling is the lack of extra costs. And with currency exchanges and banking fees, centralized currency can take a big chunk of your winnings. That’s why Bitcoin is such a popular choice for online casino players – with a fixed fee, you won’t be hit with something substantial because you received a huge payout. But such is not the case with Ethereum betting, where the more you’re transferring, the higher the transaction (“gas”) fee.
While Ethereum is the second most popular cryptocoin, it’s still number two. That’s why so many online casinos are adopting Bitcoin as a currency option while being slow to introduce Ethereum. So seeking out a cryptocurrency casino specifically is probably the best bet (pun intended).
For further information about Ethereum gambling, you visit: fortunejack.com/ethereum-gambling
And just in case you’re not already rubbing your hands in anticipation for gambling with Ethereum, consider this: at the best online casinos, you get free Ethereum with your first deposit. That’s like winning before you even play!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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