One of the most common deposit methods that online casinos have is Ethereum, a cryptocurrency. It's common in both new casinos online nd the household names that have been in business for ages.
It's important to note that Ethereum itself is not an online payment method per se. It is more of a currency, like bitcoin, US dollar, euro, pound, etc. Now, to deposit Ethereum to a new casino online account, players must use an intermediary, in this case, a crypto wallet. There are dozens of crypto wallets, but CoinsPaid remains the favorite on most online casinos.
After logging into your casino account sportsbook, you can select the wallet tab and choose the option to deposit followed by a prompt to enter the amount. You can input the deposit address or scan then QR using the specific phone app.
Advantages of using Ethereum
Ethereum, as a decentralized currency, guarantees anonymous gambling as transactions are pseudo-anonymous. It's also worth mentioning that Ethereum transactions are secure.
Another benefit of depositing using Ethereum is the fast transactions. Just like all crypto, Ethereum doesn't go through many bureaucracies before a transaction is completed. This translates into a fast transaction turnaround.
Third, Ethereum transaction costs are lower than most traditional online payment methods such as eWallets and card payments.
Last, Ethereum and other cryptos attract fantastic bonuses, especially in the new casinos online that want to popularize crypto gambling.