Ethereum 101

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Cryptocurrency is the best way to top up your account, but Bitcoin is not your only option. Keep reading to learn more about Ethereum.

What is Ethereum?

The primary difference between Ethereum and any other cryptocurrency is that it’s not just a currency, it’s an environment.

Why switch to ethereum today?

Every single step in a smart contract is a transaction in this blockchain and would have a cost that is measured in “gas”. The price of this gas is paid by the requester in Ethers. Ether(ETH) is the currency with which everything runs in the Ethereum. It also carries value given by supply and demand.

Ethereum Ethereum Ethereum
Fastest deposits & withdrawals Ethereum is the least expensive deposit method at BetOnline, plus withdrawals are free! Ethereum is convenient, secure and easy to use

 

Why more and more of our clients use Ethereum?

FAST PRIVATE LOW FEES SECURE
Buying Ethereum won’t usually take more than 30 minutes depending on your preferred funding method. No banks, government agencies or third parties involved. You control your own funds. Ethereum is the cheapest deposit option at BetOnline, making it the perfect way to get your money in. Ethereum technology makes this digital currency secure and reliable.

 

How can I start using Ethereum on BetOnline today?
In 3 easy steps.

ipad Get a wallet!
A wallet is a place to keep your Ethereum until you spend them. Wallets are free, and getting one is easy! Our recommendation for a great Ethereum wallet for your mobile phone is Coinomi Wallet. It is easy to use, has enhanced security features and is among the most recommended wallets for both Android and iOS.
ipad

Buy Ethereum
You can buy Ethereum instantly with your debit card, ACH or even your checking account, through a regulated exchange. 

ipad

Send your Ethereum to your wallet
You’ll need to send your Ethereum from your exchange account to your wallet. Don’t worry, it’s easy!

You’re finished!
Congratulations! Now you’re an official Ether user. Deposit with Ethereum to your BOL account! Log in and select “Cashier” button to continue, Select Cryptocurency method, then select Ethereum as your coin of choice.

 

Become an Expert: Types of Ethereum Wallets

Mobile Ethereum WAllet: 

Download an Ethereum wallet from the App Store or Google Play Store for an enhanced security Ethereum experience. Mobile wallets are free to download, are QR code enabled, and make for instant payments and transactions.

Most recommended for Android: Coinomi

Most recommended for iOS: Coinomi

Desktop Ethereum Wallets

Desktop wallets are also available to be downloaded to your home computer or laptop. Due to a computer’s increased susceptibility to hacking, using a desktop Ethereum wallet comes with a slightly higher malware risk than a mobile wallet. The recommended versions below carry a smaller risk:

Most recommended for Windows: Exodus

Most recommended for Mac: Exodus

 

More Ethereum Information

Keep detailed records of where you store your Ethereum. We recommend using a mobile wallet or trusted exchange services to store your Ethereum.

When making peer-to-peer transactions, only deal with accounts that have high satisfaction ratings from previous experiences.

In the BOL cashier, only use the generated Ethereum address once per deposit.

 

If you have any additional questions, please contact us. Our Player Services Team will be happy to answer them. 

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