How to use Ethereum on Gamdom

One of the most notable advantages about online casinos is their wide roster of payment methods. Aside from the usual credit and debit cards, players can now place their bets at Gamdom with cryptocurrencies like Ethereum.

Ethereum is one of the most popular cryptocurrencies in the market today after it has consistently ranked next to Bitcoin (BTC). Since it was based on the Bitcoin protocol, it shares several similarities to BTC with additional features. Its native coin is called Ether (ETH).

By incorporating the use of smart contracts, transactions were made faster and more affordable. This established the reputation of Ethereum, thus making it one of the most trusted crypto assets in the market. Since it is accepted across different parts of the world, several sites have also accepted it as a legal tender, including Gamdom. Here’s how to use Ethereum on Gamdom:

How to buy ETH 

Before using ETH in Gamdom, players must make sure that their crypto wallets are already funded with ETH. To do so, one should open their chosen crypto exchange and click the buy ETH button. Then, players must provide their address, verify the details, and input the amount they wish to buy. Once all details are provided, payers can confirm the transaction and see if it has already been reflected in their wallets. 

Several Ethereum wallets can be found online. It’s up to the players to choose where they would want to keep their assets. 

Here’s a quick guide to what Ethereum is all about

How to deposit ETH on Gamdom 

Once players already have enough ETH in their crypto wallets, they can already transfer some funds to their Gamdom account to their favourite Ethereum casino games. Making deposits in Gamdom is easy. Here are the simple steps to deposit ETH on Gamdom: 

• Open crypto wallet - Log in to the crypto wallet and make sure that there is enough balance.
• Click send button - Each online wallet allows its users to send money from one account to another. Click this button and be ready to transfer your preferred amount to Gamdom.
• Input necessary details - Refer to Gamdom’s details and make sure to input it as the recipient. Place the amount that needs to be deposited. Double-check all information to make sure that the transaction will go through.
• Hit send - Finalize the transaction by sending it to Gamdom. After a few minutes, log in to your account and see if the amount has already been deposited.

Click here to learn more about crypto wallets and why they are important

How to withdraw ETH winnings

Having ETH credits in a Gamdom account is great but it is more exciting when players win prizes out of the games they’ve played. As much as it’s great to keep the additional ETH in a player’s account, some prefer withdrawing them immediately. For players who wish to do that, here are some simple steps to withdraw ETH winnings: 

• Click your profile - Click your username at the top right part of the page. This will show you all of the details about your account. The middle top part of the screen will display your wallet balance.
• Click the wallet button - This will redirect you to deposit and withdrawal options. It will also show you a tab that displays all your previous transactions.
• Go to the withdraw tab - Hit the withdraw button and select Ethereum. This will lead you to a tab where you can enter your wallet details.
• Check all information - Provide all the necessary information and make sure to input your public address correctly. Double-check all information to avoid any mistakes.
• Finalize the transaction - Once everything is confirmed correct, click the withdraw button. After a few minutes, check your ETH wallet and see if the amount was already deposited.

Advantages of betting with ETH

There are several advantages when betting with ETH. Here are some of them: 

Fast withdrawals

One of the most notable advantages players love about ETH is its faster transaction compared to Bitcoin. By using a different consensus mechanism, players are guaranteed that their transactions can be processed faster than BTC.

Note: A consensus mechanism is an algorithm that keeps all of the decentralized records similar to a centralized database. It also automates each process to ensure that there is only a single valid copy of the record across all nodes. 

Low transaction fees

ETH charges gas fees so they can conduct transactions and execute smart contracts smoothly. While some people may think that gas fees are quite expensive, the fees are actually cheaper compared to other coins.

Guaranteed safety

ETH runs on its own blockchain technology that uses reliable software that is safe for both new and long-time ETH users. As a decentralized asset, players can make several anonymous transactions with ETH. This protects their identity in the online space. It also guarantees players that their money can’t be traced by the government or any financial institution. 

Games to play with ETH

Several games can be played with ETH. For a fun gaming experience, Ethereum casino bonuses are available here at Gamdom. Aside from a wide selection of slot games, there are also some Gamdom originals that players can try. Here are some of them: 

Gamdom Crash

In this game, players must keep an eye on the chart as the multiplier and payout increase. The main challenge in this game is that players must cash out before the chart reaches its maximum value. When it crashes, all bets are lost.

Gamdom Roulette

The original roulette by Gamdom contains 15 pockets with numbers ranging from 0 to 14 in a linear manner. The numbers 1 through 14 are all black and red, whereas the number 0 is green. There are only three options in Gamdom roulette:

• 1 to 7 (red)
• 0 (green)
• 8 to 14 (black)

Gamdom HiLo

HiLo stands for high and low, which explains the game's rules. Every round, a deck of cards is repeatedly flipped over. Players must predict whether the next draw will be a higher or a lower card.

These are just some facts that players would have to keep in mind whenever they want to play on Gamdom with their ETH assets. By using the maximum potential of this digital asset, players can make the most out of their investments and see how much they can win with them!

Have a great Bitcoin betting experience here at Gamdom

Words: Kyra Jimenez