Ethereum Betting Casinos sprouted from several betting sites following the trend of the potential emerging leader of the digital money. Online gamblers can now bet directly using their Ethereum cyber cash in online casinos. If the internet players do not have Ethereum wallets, they can go to the online cryptocurrency exchange points to purchase Ether or trade their existing digital money for Ethereum. After converting your digital cash to Ether, you may proceed with your bet placements in the Ethereum Betting Casino.
The cryptocurrency market is seeing Ethereum gain ground over other digital money including the Bitcoin. Digital currency investments acknowledge the Bitcoin leading the way last year. Investors are happy with their BTC investments with its value that is 10 times more than gold.
Bitcoin’s supremacy among the crypto money in the world market is slowly ebbing and entrepreneurs are starting to look for a more viable investment option. Business people are hesitant to put their money on Bitcoin but instead would prefer to buy on a cryptocurrency that will soon replace it. Ethereum is the name of the game in the present trend of crypto trading and is the most likely digital cash to replace Bitcoin.
The Benefits of a Bitcoin and Ethereum Betting Casino
People ask which crypto asset is better, the Bitcoin or Ethereum? The answer is that they are much similar in nature. Both digital currencies are safe, fast and anonymous when transacting these entities. It is of great advantage for the punters to use this instrument when depositing and withdrawal of their wagers. Some minor differences are:
Stability
Bitcoin edges Ethereum when it comes to market stability. All digital currencies are volatile in nature but the BTC soars high above the others. The features make Bitcoin the most convenient digital money in online gambling.
Ethereum is faster
Ethereum has no bottleneck issues when it comes to processing the withdrawal and deposit transactions. Processing often takes less than a minute compared to Bitcoin that usually takes hours to reach your account.
Ethereum has the Smart Contract Betting
This betting system is a convenient way for gamblers to place their bets. The issue of trust and confidence between the gambler and the Etherium betting casino reached its resolve.
Ethereum’s Phenomenal Growth Turned Rags into Riches
The rise of Ethereum saw ordinary men become millionaires since its launching in 2015. The purchase of Ethereum means that you are investing in one of the promising digital currencies of the future whose applications are bound to be limitless. The betting industry does not want to lag behind in accepting this medium of betting in the casinos.
Programmers and developers designed a betting program to accept wagers to its ethereum betting casinos. The digital cash is now transferable to the online betting site’s wallet and is withdrawable using the ethereum payment option facility. Bigbook.ag is accepting Bitcoin, Dogecoin, Ethereum among other cryptocurrencies in the market.
Online Gamblers Prefer to use the Crypto Money than the Fiat Currency
One of the reasons why Ethereum has the priority over other cryptocurrencies is that it is convenient for deposit and withdrawal to the Ethereum Betting Casino wallets. Once the encrypted codes are sent to the recipients, it becomes irrevocable and will definitely push through and reach the account. The withdrawals of Ether also are fast and prompt upon request of the punters.
Ethereum is now an alternative form of payment for the Fiat currency. The Fiat currency comes in the form of dollars, Euros, Pounds and other international money circulating in the world market. The best gambling sites in the online wagering industry accept Ether in their Ethereum Betting Casino.
Using the Ethereum digital cash saves you from the expensive charges on money transfers. Applying the blockchain technology, the rates for deposits and withdrawals costs you almost zero charges while on a roll in an Ethereum Betting Casino. The small charge allows you to make as many withdrawals as you can. It is an advantage to withdraw your bankroll so often to organize your betting strategy for your next wagers. The withdrawal frequency also avoids impulse betting that can ruin your bankroll when placing your wagers.
The second reason bettors prefer Ethereum is because of the “smart contract betting”. There are Ethereum Betting Casinos that operate only for the ethereum blockchain technology. The online gamblers send Ethereum directly to a smart contract instead of sending the digital cash to the Ethereum Betting Casino wallets. The process allows the smart contract to receive or payout wagers if the bet placements win or lose the games.
Smart Contract Advantages in Ethereum Betting Casinos and Online Players
Secure
The funds transferred by the online players remain with the smart contract in which the Ethereum Betting Casino cannot take hold of your money at any time. The method eliminates the risk of losing your hard-earned digital cash.
Safe
Payments commence in open source which makes the transaction irrevocable and permanent. Recipients will receive the money if the codes are correct. No one can alter the funds’ direction.
Fast
Payouts are prompt and swift. It will not matter how small or large the payments are, it will be in your account fast and in full.
Ethereum Betting Casinos & the Bettors benefit from Smart Contracts
One of the best things that will benefit the punter and the betting site is the fairness that Ethereum Smart contracts bring. These contracts validate the transaction on the betting platforms. The transaction benefits the punters more as the betting is transparent and is free of fraud and deception.
Take the online slot machine, for instance, Smart Contracts with the Ethereum Betting Casinos, the game is purely a game of luck but punters worry over casino operators running away with their hard earned crypto money if they win. Smart contracts secure the gambler’s money by allowing the transparency of the transactions and all you need to know about the Ethereum Betting Casino company.
Ethereum Smart Contracts work by the “if/then” commands. Such commands go as “if you bet on this number on a roulette table and hit the winner, then the smart contract will send your winnings to your personal wallet. The system automates the process and it is impossible for scammers to alter the transaction.
The method of bet placements and payouts are what online gamblers sought after. The trust issue between the punters and the Ethereum betting casino found its solution. A third party will be out of the picture to validate betting action making the transaction fast, smooth and legitimate.
The betting system is beneficial to online gamers and they prefer to see their wagers processed fairly and paid out promptly. It will be no surprise if this form of betting will be the trend of the betting industry. Ethereum will take over as the preferred medium of betting.
Is it Safe to Use Ethereum for Betting?
Yes, the use of Ethereum to place your bets in online betting sites is safe and secure. The reason for the cryptocurrency safe status is that the Ether’s blockchain has the backing of a gargantuan amount of “hash power”. Hash Power is the unit to measure how much power it takes to generate or find blocks within 10 minutes. The more hash power generated to form a blockchain, the harder it is for individuals or a group to alter the transaction.
Bitcoin has the most hash rate making it the most secure among cryptocurrencies. However, Ethereum is not far behind and both digital money has high-end security. The risk then lies in the trustworthiness of the Ethereum Betting Casino to provide sincere service and transparent transactions.
Bigbook.ag has the capability to accommodate your Ethereum wagers on its Ethereum Betting Casinos or in the Sportsbooks Ethereum wagering platform. Visit our website or call us at (877) 418-7171 to join our betting site.
Recent Comments