As one of the top cryptocurrencies globally, Ethereum could be the ideal option for you. Find out more in our guide.

There is every chance that Ethereum will be a name that you are familiar with. After all, the cryptocurrency is regarded by many as arguably the second most popular in the world. Ethereum is undoubtedly the second largest cryptocurrency after Bitcoin. Ethereum works a little differently to its counterparts. It does not solely believe in being a peer-to-peer money transfer system. It also experiments with smart contracts and applications which could (if its creators are right) ensure that apps for everything from Facebook and more work more efficiently in the future.

Ethereum Betting Sites & Online Casinos

There are several online casinos in Canada that accept cryptocurrencies such as Ethereum(ETH), but only few can be trusted nowadays. If you are looking to gamble with your coins make sure the site is licensed and well known, below you will find the list of accredited casinos that accept instant Ethereum deposits and withdrawals.

Games: Slots (Pokies in AU), Roulette, Blackjack, Baccarat, Dice, Crash Game, Live Casino Dealers.

Sites:

1. Bitcoincasino.io

2. Kingdomcasino.com

3. Cleopatracasino.com

What Is Ethereum, and Why Have I Heard of this Cryptocurrency?

Ethereum first appeared in 2015, when Vitalik Buterin started playing with the technology behind Bitcoin. The idea behind Ethereum was less about trying to dominate the global banking industry, and more about trying to ensure that new technology to replace third parties could come to the forefront. Ethereum’s ability to run smart contracts is a part of that, and it is a technology which has been copied by rival cryptocurrencies since.

Ethereum has had its fair share of bad press, too, with some claiming that it is not as secure as Bitcoin. However, regular Ethereum traders disagree, and it is their efforts which have helped in no small part to make Ethereum the world’s second most favourite cryptocurrency.

How Does It Work?

Like Bitcoin and other leading cryptocurrencies, Ethereum is a decentralised option. It uses the same blockchain technology that Bitcoin does and is not owned by any one person. While Bitcoin’s blockchain is predominantly used to store values (BTC), Ethereum is also used to decentralise other things, such as applications and financial agreements. Many consider it to be a “world computer” and it has undoubtedly earned that nickname.

If that all sounds too complicated for you, you need not worry. For practical implications, Ethereum is a cryptocurrency. You can acquire an Ethereum wallet and then head to a crypto exchange to purchase Ether (the actual Ethereum cryptocurrency). Hardware, software, online and paper wallets do exist, so you will have a few options to choose from. Ethereum is also so popular (and yet, still cheap to acquire) that you can get it in your choice of cryptocurrency exchanges.

Am I Ready to Start Using Ethereum Today?

Ethereum has become a fan favourite at cryptocurrency casinos. The notion of being able to use automated smart contracts to deposit, wager and withdraw is most certainly appealing to anybody who does not trust third parties. Of course, you still need to trust the online casino you wish to play at. Because of this, it is essential that you do your homework before choosing somewhere to play. If you head over to our cryptocurrency casino reviews section, you can find various top Ethereum casinos, all of which are regulated, safe, secure and offer fair play gaming.

To learn more about Ethereum, please visit the official website at https://ethereum.org/en/what-is-ethereum/.