Ethereum is one of the world’s most-used cryptocurrencies. It’s also one of the more-popular ways to play casino games, with Ethereum slots more prevalent than ever.
ETH offers a convenient way to enjoy online gaming. But not everybody knows how to even get started with crypto.
You can find out more on ETH slots here. I’ll discuss Ethereum in depth as well as how to play online slots with it.
What Is Ethereum?
Ethereum is a public blockchain platform that offers the capability for smart contracts (scripting).
Computer scientist Vitalik Buterin proposed Ethereum in late 2013. This platform has since arisen to become the second-most-popular crypto project behind Bitcoin.
It utilizes a token called Ether, which can be transferred between accounts as a currency. Those who mine ETH collect Ether tokens for their work.
This cryptocurrency features a decentralized virtual machine (Ethereum Virtual Machine), which executes scripts through public nodes.
Applications, or decentralized apps (DApps), can run on top of ETH. Many developers have worked on or are currently working on DApps for this network.
Basics of Ethereum Slots
Many slots players are intimidated by using crypto like ETH to play online. However, this cryptocurrency isn’t so bad once you get used to it.
The first thing you must do is purchase ETH at an exchange. But not all exchanges let you buy crypto with fiat (e.g. US dollar).
You must instead visit a “fiat on-ramp” like Coinbase to purchase your Ethereum. You’re ready to make a deposit once you’ve secured ETH.
This simple matter begins with visiting the casino’s banking section. Next, you can use the Ethereum option to obtain a wallet address.
You then head back to the exchange and choose to send an ETH deposit to the casino’s address.
You can see that Ethereum slots aren’t overly difficult to figure out. They also offer certain advantages over traditional deposit methods like credit cards and bank transfers.