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Guide to gambling with Ethereum in 2020

George Miller

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Guide to gambling with Ethereum in 2020
Reading Time: 4 minutes

 

Cryptocurrencies have become mainstream enough for gambling venues to considering offering options for players to pay via cryptocurrencies and we’ve been seeing this trend mostly in online casinos even though some of the traditional casinos are starting to catch up, offering classic casino table games where players can utilize cryptocurrencies. But with this new trend, there are new challenges, a couple of changes in the way casinos accept payment or offer the wins so it’s important to have a clear understanding of what’s different when gambling with cryptocurrencies, specifically with Ethereum.

The first steps

The step by step process is largely the same as with any regular casinos where you pay with cash, or in case of the online casino, you open up an account, make a deposit and wait for a win. When playing with Ethereum and we will largely cover the online casinos in this article the process is the same and you need to take the same steps, but there are differences in details because we are dealing with a different sort of currency. The process of opening the account will be the same in all online casinos.

One of the perks of online casinos is the easy registration process, but when you are planning to play via cryptocurrencies the anonymity of the payer is guaranteed so you will be playing Anonymous, only needing to write down your address and come up with a strong password in order to start looking for the what sort of deposit you want to make. Now, before you decide to transfer your assets, it is important to make sure that you are dealing with a license, legit online provider because the cryptocurrency industry is still new and in a lot of ways harder to control. It’s more difficult to prevent crime and in case of the wrongful transfer, your assets will be lost forever so it does require way more caution when gambling with cryptocurrencies because the stakes are higher and a lot more things should be considered besides selecting an appropriate amount to gamble on. Before you make the transaction the casino asks that you write down your unique Ethereum wallet address, and then making sure that you transfer the money to the correct casino wallet. According to the ethereum gambling guide on InsideBitcoins the transactions should take no longer than 10 minutes for the deposit to appear on the website and you should be able to start playing right away. Just remember to treat the transaction process with much more attention as to not mess up the wallet number and make sure that your transaction reaches its destination. After that, you should head over to the bonuses section to make sure you claim your rewards. The best option would be to read up about the bonuses even before you registered with the specific casino to be able to choose the one that sounds most appropriate to you.

What’s the difference

In general, when dealing with online casinos do your research read review, whether you will be playing with debit cards or cryptocurrencies. Many of the casinos have outstanding bonuses while others are quite basic and you will probably have to fight a lot to actually get them. Read about the available bonuses beforehand to make sure that you’re getting the best version out there, based on what games you actually want to play in the online casino.

While you might think that since you are paying in Ethereum the games will also go on referencing your assets through Ethereum that would make things rather difficult.

During the games, you will have your assets displayed in USD making it easier to control how much you want to spend and how much you can afford to lose.

When it comes to withdrawals the process is similar. You would usually go to your account info and look for the withdrawal button. The website will ask for your Ethereum wallet information again and just like during the deposits you need to be careful to make sure the information is corrected because if the information is invalid or if it goes to someone else’s wallet there is no getting that money back or tracing where it went. You can select how much you want to withdraw in Ethereum and get your wins in minutes.

When it comes to the game you can play for Ethereum the choices are not limitless but they do cover all the bases. You can play almost any classic card game like blackjack, a variety of poker games, roulette and other more conventional casino games on a lot of websites and make deposits in Ethereum. You also have many options when it comes to video slots which, considering they are one of the easiest casino games to get into no surprise that there are a lot of options here. You can choose from different themes, bonuses and difficulty levels but if you are a fan of video slots you will have no problem finding the right one for you to play using Ethereum. The types of games that Ethereum casinos will offer are largely the same but they might differ in variety considering the crypto casinos aren’t as popular as a regular online casino they also have fewer options but as mentioned above they provide all the basic categories of games. The bonuses in Ethereum casinos work similarly to regular ones as well. For example, the most popular way that casinos grant bonuses is that they match your deposit with a bonus. For example, if you start gambling by depositing 1 ETH, upon the first time the casino will grant you an additional 1 ETH to match the one you’ve invested in the casino. Make sure to check the percentage to which the casino will match your deposit to make sure you’re getting a good deal out of it.

Bonuses

Not much is different between playing with crypto VS playing with regular currency, But considering the importance of those small differences, it still crucial that you know what to treat differently in this particular online casino. The basics of gambling like wagering requirements and time limits to meet those wagering requirements are there. The most important thing you can do to ensure the best experience is to search the information about the provider and to make sure that you are  that has a good reputation.

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Blockchain

Decentral Games Raises $5M of Funding

George Miller

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Decentral Games Raises $5M of Funding
Reading Time: 2 minutes

 

Decentral Games (DG), a next generation entertainment platform at the intersection of metaverse and blockchain technology, is pleased to announce that it has completed its latest capital raise for aggregate gross proceeds of $5 million.

The funding round welcomed partners Collab+Currency, Metaverse Ventures (Digital Currency Group), Bitscale Capital, Cluster Capital, and AU21 Capital. The additional funding will allow the company to bolster its team and accelerate the development of additional features and products.

“Decentral Games offers players both the novelty of avatars gambling in a virtual world and the great user experience that gamers demand. We’re excited to back Scott, Miles and team as they continue to bring the massive opportunity in blockchain-enabled gaming to life.” – Casey Taylor, VP of Development at Digital Currency Group.

Since its founding in 2019, Decentral Games has diligently executed on its mission to become the premier platform for wager-based games where players can bet using cryptocurrency. This year the company has seen its most rapid expansion yet in terms of both technical developments and user growth. The company has seized the opportunity to expand the value proposition of its virtual landscapes, and consolidate the totality of its offerings which include three virtual casinos, an NFT store, and a forthcoming virtual nightclub space.

Decentral Games intends to use the funds to continue to invest in its infrastructure including additional headcount in the areas of product development and marketing in order to continue to acquire new users as well as expedite the deliverance of key features in the product pipeline. This includes the development of new casino table games including crypto Poker, tournament style poker, and a new and improved slots game.

While the cryptocurrency market at large has faced extreme volatility in recent weeks, $DG continues to be underpinned by strong fundamentals. Since launching its token in December, 2020, betting volumes have increased quarter over quarter and recently eclipsed a landmark $80 million. The platform’s strong cash flows have contributed to the growth of the treasury, which remains well capitalized with over $8 million in assets, a 1000% quarter over quarter increase.

To meet community and investor demand, the company has scaled its team from 10 to 43 employees. DG has received accolades from the broader cryptocurrency community for becoming the world’s first metaverse employer, creating 20 hosting jobs thus far for remote workers, each of whom plays a critical role in welcoming new users into the metaverse.

“From day one the Decentral Games team has made community engagement a top priority. The legacy gambling industry has historically functioned by pinning the house against the player. Decentral Games’ community-first focus has flipped this dynamic effectively creating alignment between investors and players by allowing everyone the opportunity to ‘be the house,’ states Co-Founder & CEO, Miles Anthony. “We are thrilled to welcome our new partners to fortify our capital position and provide our team with the flexibility to continue to focus on community-driven initiatives while scaling our capabilities in order to bring more complex games and events to market.”

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Cryptocurrency

Simplicity Esports to Mine Crypto Currency Using Gaming PCs

Niji Narayan

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Simplicity Esports to Mine Crypto Currency Using Gaming PCs
Reading Time: < 1 minute

 

Simplicity Esports and Gaming Company (Simplicity Esports) has announced that it will, in collaboration with Esports Entertainment Group subsidiary ggCircuit, begin using its gaming PCs to passively mine crypto currencies, such as Ethereum when the machines are idle.

“We continue to find innovative ways to leverage the largest footprint of esports gaming centers in the U.S. for increasing revenue. We plan to have the first PCs mining Ethereum as soon as next week, and plan to rollout this strategy at all new locations that we acquire or build, as long as it remains economically viable. The beauty of the ggCircuit program is that initiating and halting mining activity can be done with the push of a button. At current levels, we expect to generate $100 to $125 in Ethereum per month per PC by mining during idle periods on the machines, including overnight,” Roman Franklin, CEO of Simplicity Esports, said.

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Cryptocurrency

6 Important Tips on How to Select Reliable Crypto Casino in 2021

George Miller

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6 Important Tips on How to Select Reliable Crypto Casino in 2021
Reading Time: 3 minutes

 

Back in 2009, when Bitcoin, the first cryptocurrency, came into play, very few people understood the entire concept. As a matter of fact, crypto casinos were unheard of, with Bitcoin transactions only used in the black markets like Silk Road.

Slightly a decade later, the gambling industry experiences a new turn of events, with online casinos sprouting from various parts of the world. Thanks to this encouraging growth, cryptocurrencies garner a massive following due to their convenience, especially during the COVID 19 lockdowns. However, before investing in crypto casino, here are six helpful guidelines you should consider.

1, Competent and Secure Payments

Compared to other forms of payments, cryptocurrencies are highly susceptible to theft if a site has slack security measures. Altogether, a reliable crypto casino should use encryption to safeguard member’s data and resources.

In addition, members should confirm the payment process first before enrolling.  Typically, crypto transaction starts with opening a wallet account. Next, players fund the wallet through digital currencies and use crypto coins to deposit favorite casino sites.

All in all, be wary if your preferred gaming site uses an unfamiliar mode of payment. Remember that cryptocurrency’s primary purpose is to overcome practical challenges experienced in various forms of transactions. Therefore, if a crypto casino falls short, that’s a major red flag.

2, Accept Several Crypto Payments

In recent times, upcoming casinos accept different forms of crypto transactions. As a result, it would not make any sense to pick a site with limited options. Instead, spend money on reviewed and well-ranked crypto casinos like CryptoCasinos.lol.

Some of the most outstanding crypto payments that casinos use include Litecoin, Bitcoin, Ethereum, Dash, and others.  Whatever option you choose, ensure that you weigh the pros and cons to avoid running into losses. Importantly, settle on a paying method that suits your games of choice without restrictions.

3, Observe Legal Licensing Requirements

Like any other running business, legality is a core requirement with crypto casinos.  Bear in mind that various gaming options require different licensing. Hence, take time to confirm if the platforms have applicable and legal licenses.

Mainly, fraudulent casinos disregard these vital prerequisite requirements to cut down costs. Then as a quick way to penetrate the market, they use enticing and unreal promises to lure gamblers. On such a basis, stay safe and only register with casinos that embrace transparency and legal procedures in all their operations.

4, Optimal Customer Service

Excellent customer service has a significant impact on online gambling. Furthermore, there is a higher chance of winning more clients if an online casino handles their clients well and meets their expectations.

Given that online gambling happens worldwide, a system that conveys in different languages goes a long way in keeping other customers satisfied. If possible, a crypto casino should incorporate telephone, email, and online chat support throughout the day to simplify the whole process. The bottom line is to ensure that clients receive the most favorable assistance always.

5, Bonuses and Incentives

An online crypto casino without incentives is likely to flop. After all, most punters invest in particular sites because of exciting bonuses on offer. One crowd-puller is the welcoming bonuses that vary from one casino to another. Other than that, some bonuses allow gamers to increase their initial deposits in various percentages.

Indisputably, bonuses add excitement to online gaming and keep gamblers on their feet eager to take home impressive bonuses. For this reason, settle on the sites that offer various verified bonuses to their clients.

6, Offer Assortment of Games

Modern gaming is a massive collecting of unique and breathtaking slot games. A decent crypto casino should focus on installing diversified and user-friendly games. Additionally, a combination of classic slot machines and new games makes it more thrilling and stimulating.

Apart from attracting more players to casino sites, various gambling games enhance the reputation of casino operators.

Wrap it up

Undeniably, online gaming offers an incredible for cryptocurrency holders to earn more coins. However, for a safe and rewarding experience, register on a site that meets the criteria above. Luckily, various websites run by experts assess, verify, and compare the safest casinos individuals should use. Above all, seek professional assistance on the best games and cryptocurrencies that enhances your chances of winning.

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