The primary difference between Ethereum and any other cryptocurrency is that it's not just a currency, it's an environment. 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.
Fastest deposits & withdrawals
Ethereum is the least expensive deposit method at BetOnline, plus withdrawals are free!
Ethereum is convenient, secure and easy to use
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
Think of this like purchased currency from a financial institution. This is a safe and secure way to exchange funds online, and to purchase Ethereum. Many of these exchanges will require a picture of your ID for personal verification -- but the process is fast and secure.
A peer-to-peer exchange allows you to exchange funds and trade cryptocurrencies with users around the world. LocalEthereum (now LocalCryptos) began in 2017 as the first peer-to-peer marketplace for Ethereum. Anyone can post a bid to buy or sell crypto. Find a buyer or seller who suits you. You can filter offers by payment method, currency, location and popularity. From bank transfers to gift cards — choose any payment method.
When purchasing from a seller, only deal with users that have a high rating reputation based on previous transactions to protect yourself.
Use CoinATMradar.com to find Ethereum ATMs in your area. These machines are fast, secure, and easy to use -- even for first time Ethereum users.
Please note that some machines may ask for ID prior to allowing purchase or exchanges. Additionally, you will need an Ethereum address to move funds. You will need to insert cash into the machine to purchase Ethereum. Also, you may need to verify your address to confirm most transactions -- when this occurs, the transaction will be instant.
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.
Once you have selected & created a wallet such as, Jaxx, or Coinomi wallet, you can easily buy Ethereum with different payment methods using an exchange service such as Coinbase.com or choose among the other exchanges, to then transfer them to your personal ether wallet & you`ll be ready to deposit to your BetOnline account.
The minimum withdrawal is $300 and the maximum is $100,000 per week.
Within a maximum of 2 hours, usually within a few minutes.
Within a maximum of 48 hours, usually within an hour.
No, BOL does not charge fees for Ethereum withdrawals, however, some third parties do charge fees.
Call our Ethereum hotline now at 1-888-446-9874
or send an e-mail to [email protected]