Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
With cryptocurrency steadily gaining popularity, so did the practice of gambling online. In fact, if you do a quick google search of Bitcoinbuster, you’ll see that there are dozens of different gambling sites that use cryptocurrencies like Bitcoin and Ether.
You will see these gambling sites in Bitcoinbuster have all been verified and are considered to be the best among the other sites out there.
What is Ethereum Cryptocurrency?
Ethereum Cryptocurrency or Ether (ETH) is another type of cryptocurrency, similar to Bitcoin. Ether holds the second place when talking about cryptocurrencies’ value, with Bitcoin taking the first spot.
The value of Ether changes almost every day, and many people believe that Ether will someday surpass Bitcoin in terms of overall value.
Like other types of cryptocurrency, Ether can also be used to purchased services and goods online. In fact, many different websites sell their services or products in exchange for Ether.
Registering for a Cryptocurrency Wallet
Before you can start gambling with Ether, you will, of course, need to obtain it first. The very first thing you need to do is to get yourself your own cryptocurrency wallet.
Most cryptocurrency wallets can hold not just one type of cryptocurrency but also a relatively wide array of well-known cryptocurrencies. Since Ether is pretty famous, finding a wallet that is compatible with it will be pretty easy.
Additionally, websites that will let you register your very own cryptocurrency wallet are pretty easy to find. Each of these websites offers different rates and perks, so checking them out one by one is recommended. Here are the best cryptocurrency wallet sites that you can choose from:
- Gemini
- PointPay
- Coinbase
- Trezor
- CoinMama
- Bittrex
- Kraken
Once you have chosen the right website, the next step would be registering for an account. When registering for an account, ensure that you provide your correct personal information because this will be needed to verify your account.
Since cryptocurrencies hold value as a currency, security will be tight. Most websites that offer cryptocurrency wallets will need verification from their users.
When you register, make sure to have your phone or email ready. These websites will usually contact you to make sure that your account is verified.
Buying Ether
Now that you have set up a cryptocurrency wallet, the next thing you will need to consider is obtaining some Ether. The value of Ether changes from time to time, so it would be best to time it perfectly so that you can buy it for a lower price.
Most of the websites that will let you register for a cryptocurrency wallet also sell Ether themselves. You can purchase the Ether from them or any other sources.
However, they may offer different prices. So if you want to make sure that your money will be worth it, try to do a little recon before you start purchasing.
Finding an Ethereum Gambling Casino
Now that you have your own Ether, the next step would be finding a suitable eth casino website.
Ether has gained fame over the years, which resulted in multiple gambling sites popping up left and right. To ensure that your Ether will be worth its value, you need to find a trusted site.
Here are just some of the websites where you can gamble to your heart’s content and not worry about the security of your account:
- Stake – Stake.com offers a fresh experience with various casino games that will be worth your time.
- Bitstarz – Bitstarz is one of the many Ethereum casinos online that offers tons of different casino games for you to enjoy.
- FortuneJack – FortuneJack is a great gambling site since it offers loyalty programs and accepts Ether and a wide variety of cryptocurrencies.
- mBit – For players wanting to try a wide variety of casino games, try mBit. There, you can play thousands of different casino games using your Ether.
- BetChain – BetChain offers a close-to-real-life casino experience.
Once you have found a gambling casino site best suited for you, just create an account there and connect your cryptocurrency wallet account. The moment you have finished connecting your wallet, you can start playing immediately.
Gambling and Casino Games Online
Most of the gambling and casino games online that use Ether as a currency aren’t different from the games you can find in real casinos. Here are the games that you will find in an online casino:
- Poker
- Blackjack
- Baccarat
- Spin Machine
- Video Slots
- Online Roulette
- Scratch Cards
Converting your Ether to Cash
Suppose you are ready to convert your Ether back to cash. In that case, you can do so easily by going to the website where you previously registered for a cryptocurrency wallet. There, you will be able to sell off your Ether and convert it to cash.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.