Guide to Obtaining Ethereum for the Australian Gambling Community

Where Can You Obtain Ethereum?

You can get Ethereum in a variety of ways, both paid and free. In order to acquire Ethereum, you will need to choose the appropriate crypto platform and understand how it works. To get Ethereum for free, there are many different options available to you, including contests and the recently popular Airdrop. Explore all the available options and choose whichever is most convenient for funding your casino account.

Ethereum Exchanges

The first thing worth talking about is Ethereum exchanges. These are platforms where you can buy or sell coins using various fiat currencies or other cryptocurrencies. Many of them are available for Australian users, including these:

• CoinSpot

  This is an exchange with an integrated multi-currency crypto wallet and exchange service. On it, you can trade a variety of cryptocurrencies and tokens, including Bitcoin, Litecoin, and of course, Ethereum. CoinSpot is certified by SCI Qual and has been part of the Blockchain Australia community since 2014. Only Australian residents who have confirmed their identity are allowed;

• Binance

  Even people far from the world of cryptocurrency have probably heard about Binance. This is not surprising, because it is the largest cryptocurrency exchange in terms of trading volume, which is characterized by an excellent reputation and very low commissions. On Binance, you can trade a variety of cryptocurrencies, as well as earn interest on your cryptocurrencies and much more. Needless to say, on Binance, Australian users can use Ethereum as well;

• Coinbase

  This is an ecosystem that is a centralized exchange, cryptocurrency wallet, NFT marketplace, and more. On Coinbase you can use about 170 cryptoassets, including Ethereum, and in the professional version of Coinbase Pro – 250. The platform supports accounts in fiat currencies such as the US dollar, British pound, and euro, but does not support the Australian dollar.

Overall, exchanges are a convenient and most popular method of obtaining Ethereum. Most crypto exchanges allow you to start a cryptocurrency wallet so that you always have it at your fingertips and can quickly fund your casino account. In addition, reputable exchanges utilize strong security measures such as two-factor authentication and cold storage, so you don’t have to worry about your funds.

Ethereum Broker

Brokers are also one convenient and safe way to buy and sell Ethereum. One advantage is that some brokers provide educational resources in addition to customer support. This makes them very easy to use for those Australian players who have never dealt with cryptocurrency trading before. Below you can familiarize yourself with some of the brokers:

• eToro

  This is a trading platform that is used by players from many countries, including Australia. Cryptocurrency trading is one of the key features of eToro. To start trading Ethereum on eToro, you will need to make an account and go through a verification process, then make a deposit and search for ETH on the platform, after which you can make trades;

• Plus500

  This is a well-recognized brand in Australia where gamblers and bettors can trade a variety of crypto assets, including Ethereum. At this broker, players highlight a not insignificant range of services, including a high level of security and advanced web terminal functionality. It is also worth noting that Australian government agencies are among Plus500’s licensees.

Peer-to-Peer (P2P) Platforms

P2P is a technology for the online transfer of funds. In the cryptocurrency bizzo, P2P is used to refer to person-to-person payments. On P2P platforms, you can directly buy and sell cryptocurrencies without intermediaries, unlike brokers. Here are some of the well-known P2P platforms in Australia:

• Bisq

  Decentralized P2P platform launched in 2014.  Bisq connects buyers and sellers directly, and all transactions take place on the blockchain without any third parties. To buy Ethereum, you can either place an order yourself or choose one of the existing orders. Bisq is legal and available to users in Argentina, allowing local players to trade Ethereum safely;

• Paxful

  On this platform, the focus is primarily on Bitcoin, but Ethereum is also available. Standout features include a free cryptocurrency wallet, which will be provided to you immediately after registration. In order to avoid unfair actions of one of the parties during the transaction, your funds and the seller’s funds are resurveyed on a custodial account.

It can be said that P2P platforms are in some ways more convenient for gamblers than brokers or exchanges. Exchanges and brokers require KYC and regulatory compliance, while P2P platforms often do without it. Also, P2P platforms have a wider variety of payment instruments available, while brokers and exchanges are limited to traditional methods.

How to Get Ethereum for Free: Bonus Strategies

Although obtaining Ethereum usually involves buying it, everyone would like to get it for free, and there is such an opportunity. If you want to acquire cryptocurrency without investing, you can try these options: 

• Airdrops

  After the grouse success of a TON coin in Telegram, you’ve probably heard about airdrops, or you’ve already participated in them. Essentially an airdrop is a promotion that is done to draw attention to a new coin where you will need to perform some form of task, most often in the format of a simple mobile game. Despite the fact that Ethereum is not a new coin, you can still rarely find it in such promotions. Sometimes Ethereum-based projects may distribute small amounts of ETH as part of their airdrops;

• Referral programs

  Some exchanges and other crypto services have referral programs where you can get Ethereum. Such programs work in such a way that you are provided with a referral link, which you distribute in any way you like, and for each user referred through this link you get rewarded;

• Faucets

  Websites that give away small amounts of Ethereum for free. There you will be required to solve a captcha or perform other simple tasks to get the coins. It is also important to make sure that the site you choose is legitimate and not a scam;

• Contests and giveaways

  Follow contests and giveaways on social networks and cryptocurrency forums. At such events, you can often get rewards in the form of Ethereum or other cryptocurrencies for participating in promotions or completing other tasks.

Conclusion

Now it is possible to summarize how best to get Ethereum. It is worth understanding that the ideal option will be the one that best meets your specific preferences and capabilities. If it comes to how to get Ethereum for free, then in general all methods are good and do not require much effort, although you will not get any impressive amounts. 

If you compare exchanges, brokers, and P2P platforms, you should understand what you want to give preference to. Exchanges will allow you to fund your account quickly due to high liquidity, but they also have high commissions, which can reduce the amount of your winnings when withdrawing. Brokers are easy to use and give you access to many markets, but have similar disadvantages to exchanges, namely strict KYC procedures, as well as high commissions and spreads. P2P platforms provide privacy and a high level of anonymity without requiring verification procedures while offering flexibility in terms and conditions and a variety of payment methods. However, they have low liquidity, which can slow down the funding of your casino account, and they do not offer trading tools and have fraud risks if you fail to choose a counterparty.

Either way, whichever option you choose, using Ethereum for gambling is a convenient and modern option for deposits and withdrawals. Already, many players in Australia are using ETH and other cryptocurrencies, highlighting their strengths over fiat currencies.