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Best Ethereum Casinos: What You Need to Know When Using Ethereum in Online Casinos
During the last decade, there was another paradigm shift that resulted in the creation of an entirely new currency that has taken the world by storm. The invention of Bitcoin in 2009 paved the way for other digital currencies, including Ethereum.
Ethereum digital currency was established in 2013 and launched in 2014. Vitalik Buterin, a former staunch supporter of Bitcoin, was the brains behind this new cryptocurrency. Vitalik wanted to create a cryptocurrency that was more functional, faster, and smoother than Bitcoin. He, therefore, founded Ether, a digital currency based on the founding blockchain technology, but with enhanced systems. Ether is not only a replacement for fiat currencies, but it is also used in the execution of smart contracts.
Once you’ve purchased Ether, you will need to securely store it before you can spend it on online casinos. Thankfully, Ether and Bitcoin are stored in almost similar digital wallets. You can choose from the wide variety of digital wallets available in the market today.
Using Ethereum As a Payment Option in Online Casinos
Using Ethereum in online casinos is easy and takes a few minutes to complete. Once you’ve identified and registered with an online casino that accepts Ether, just head to the payment section and choose Ethereum as your payment method. The online casino will provide a digital wallet address for your casino account, and you can use this address to deposit funds to your account. This transaction takes seconds to complete, and funds will reflect in your casino account just in time to load your favorite game.