Ethereum Classic (ETC) (not to be mistaken for Ethereum) is a decentralized crypto platform that runs smart contracts. Ethereum Classic is a continuation of the original Ethereum blockchain. The blockchain is programmed to make transfers without downtime, censorship, fraud or third-party interference. This popular digital currency has gained a lot of fame thanks to its namesake. It launched in 2015 and in 2016 went under development again to correct some technical issues. Ethereum Classic has enjoyed some good success in recent years and has become more popular in the world of virtual currency. This cryptocurrency allows you to make quick, safe and cheap online casino deposits and withdrawals.
Casinos with Ethereum Classic
- Ethereum Classic
Ethereum Classic is much lower in value and popularity than that of Ethereum. The rise of Ethereum has also seen a rise in Ethereum Classic. This open-source cryptocurrency was the first blockchain-based platform that developed smart contract capabilities, which allows decentralized governance. This cryptocurrency entered the market with some properties that the likes of Bitcoin were missing out on. Although crypto-friendly casinos don’t dominate the industry they are getting more popular and many are hosting Ethereum Classic as a payment option. We are sure to see plenty of growth in this area with Ethereum Classic making its way on to new and old casinos alike.
You don’t need to worry about missing out on the bonus action when you make casino payments using the Ethereum Classic cryptocurrency. Crypto-friendly casinos have developed an easy process to ensure that you can claim a deposit bonus with your transaction. You can enjoy a range of great casino bonuses from enticing welcome bonuses, match deposit bonuses and free spins. Remember to always run through the terms and conditions of each bonus you claim. Be sure to understand how the bonus works and where the value is. You should look out for wagering requirements and other important terms.
Cryptocurrencies have exploded in popularity for payments because of the great benefits and conveniences they offer. Ethereum Classic has some nice perks to enjoy when making casino transactions. Let’s take a look at some of the advantages you can expect with this deposit option.
Great protection: Ethereum Classic has all the security measures that Ethereum holds so you can be sure each and every transaction is bulletproof. What’s more, you will never need to share any personal information when making deposits and withdrawals.
Larger deposits: Using Ethereum Classic allows you to move larger amounts of money without any caps on the total amount.
Faster withdrawals: There are no long-winded banking processes involved in Ethereum Classic payments and therefore you can enjoy super-fast withdrawal times.
No Fees: Ethereum Classic is incredibly cheap to make transfers, allowing you to bypass the transfer fees that many banks and eWallets have.
There are some drawbacks with any payment method. Let’s take a look at some of the disadvantages you may find when using the Ethereum Classic cryptocurrency.
Availability: Ethereum Classic is not as widely accepted as cryptos like Ethereum and Bitcoin. However, you can still find it on most reputable crypto exchanges.
Volatility: Many cryptocurrencies can move up or down in value at a drop of a hat and therefore, you may find yourself with less or more than what you purchased. It’s best to transfer the digital currency straight after purchase to avoid this impact.
You don’t need to worry about fees with Ethereum Classic as their costs are so low, almost insignificant. Crypto is a very cost-effective way to move money as no fees are attached to the blockchain technology. Many online casino operators will add transaction fees to each deposit and withdrawals. You can contact your casinos’ customer support service to find out if any transaction fees are applied.
Creating an Account
You will not need to create an account with Ethereum Classic, but you will need to create an account with a crypto exchange. You can register an account with a reputable crypto exchange by providing some personal details and you will need to provide some verification documents before you can purchase, trade and store your cryptocurrencies.
You can move funds into your casino balance in a few short steps. The process is similar to any other payment option with an extra step in place. Let’s take a look at the process of making a deposit through Ethereum Classic.
- Choose Ethereum Classic as your payment option.
- Enter the amount of your deposit.
- You should then be presented with an Ethereum Classic wallet code.
- Head over to your crypto wallet and transfer Ethereum Classic to the provided wallet code.
- Confirm the transaction and Your payment should be sent
- Once the funds display in your casino balance you can start enjoying the games!
The process of making a withdrawal is very similar to making the deposit. Here are the steps to making a withdrawal through the Ethereum Classic cryptocurrency.
- Head over to the casino cashier.
- Choose the Ethereum Classic withdrawal option.
- Enter the amount you wish to withdraw and confirm.
- You should then be able to enter your Ethereum Classic wallet code.
- Then the casino will confirm the transfer.
The blockchain structure around Ethereum Classic provides super protected and secure payment transfers. The secure nature of cryptocurrencies is the very reason why they have gained an unprecedented amount of attention. You will never need to share any sensitive information when you make Ethereum Classic deposits and withdrawals, unlike conventional banking methods.
You can find a lot of information on Ethereum Classic on the official website and many other cryptocurrency news sites. There aren’t any support services on the official website but you can reach out to the support services offered by your crypto exchange. Your chosen online casino will also have extensive customer support options including email and live chat. There will also be an FAQs page that will cover some ground on banking and payments.
Ethereum Classic is missing out on the attention that Ethereum holds but it’s still growing. We are now seeing more online casinos make the jump over to cryptocurrency payments. Bitcoin, Ethereum and Ripple are currently the most recognised and popular crypto options available on crypto-friendly casino operators. Ethereum Classic still has a lot of growing to do but we are sure to see this rolled out across many top casinos in the future. Ethereum Classic is widely available on many crypto exchanges and boasts the speed, durability and scalability to make for a great payment option.
Can I make withdrawals using Ethereum Classic?
Yes, you can send money back to your Ethereum Classic account. Withdrawals are usually sent back in a matter of hours.
Are there fees involved with Ethereum Classic?
No, there are no fees attached to the crypto chain when making Ethereum Classic deposits. However, the online casino operator may have their own deposit and withdrawal fees, independent of any payment method.
What is the best Ethereum Classic casino?
We have researched for you so you can view the best casinos that accept Ethereum Classic payments and make a choice yourself. We have listed the top-rated Ethereum Classic casinos here.
Which online casinos accept Ethereum Classic?
Use the list of Ethereum Classic casinos to see all online casinos that accept Ethereum Classic payments. We filter the casino top list to only show Ethereum Classic casinos that accept players from your location.