Why gamble with Ethereum Classic (ETC)?
Ethereum Classic is the first Ethereum, hence its name. Ethereum Classic’s developers believe that applications should run exactly as programmed without downtime, censorship or third party interference. ETC is a hard fork from Ethereum that happened in 2016 after a 3rd party application on Ethereum got hacked. This split the Ethereum community up into two different camp, ETC and ETH. Ethereum Classic aims to provide a permissionless way to transfer funds through smart contracts, like Ethereum in 2016. The good things about the Ethereum Classic technology is that
|Cryptocurrency||Transactions per Second||Average Confirmation Time|
|Ethereum Classic||19||13 seconds|
|Bitcoin Cash||60||1 hour|
Compared to ETH, Ethereum Classic has much lower fees. The average transaction fee for ETC is 1 Gwei (or $0.03), while ETH currently has an average transaction fee of 10 Gwei ($0.30). Keep in mind that the transaction fee depends on how busy the network is, and since ETH is the more popular alternative, they have higher fees. Compared to other cryptos like Bitcoin or Litecoin, Ethereum Classic has one of the lowest fees on the market.
Like many other cryptocurrencies, Ethereum Classic provides anonymity while playing on your favorite casinos. Check out the casinos on this page to learn on how they handle your data and more.
How to Gamble with Ethereum Classic
- Get a Ethereum Classic wallet. Some great alternatives are Ledger, Trust Wallet and MyEtherWallet.
- Get some Ethereum Classic tokens from an exchange like Binance, Kraken or Coinbase.
- Deposit your tokens into your casino of choice and start playing
You don’t really need a wallet for this method, but when it’s time to withdraw you will have to have one, or just deposit right in to the exchange again to take it out for Fiat again.
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Ethereum Classic Gambling FAQ
Is Gambling with Ethereum Classic legal?
To know if it’s legal to play on casinos with ETC, you will have to check your local gambling laws and the licensing of the casino. Most ETC casinos operate under a Curacao license, which offers support for gambling in most countries.
Is Gambling with Ethereum Classic legit?
Using the casinos review in this article, you can be assured that they are legit. Here at DeFiCasinos.io we only provide you with legit casinos with the best features.
Is Ethereum Classic a dead token?
No, ETC is not a dead token. With the Ethereum merge, many people will go over to Ethereum Classic due to it’s basic philosophy of permissionless transactions. Ethereum Classic had a huge increase in popularity in 2019, and has followed the same curve as ETH. The current prize of ETC is $29, but we think it can reach triple digits again.
What are the cons to using Ethereum Classic casinos?
- Limited casinos offer support for ETC
- Limited knowledge about ETC makes it less popular
- History of security breaches