EOS is ideal for peer-to-peer use and for gambling since it has a very short block confirmation time and secure authentication. Ethereum, another cryptocurrency that is popular with players and is accepted at many casinos throughout the world, is its main rival.
Users of EOS, in contrast to Ethereum, are not need to pay any fees because there are no miners needed to validate transactions. Since EOS uses a proof-of-stake approach as opposed to Ethereum's proof-of-work model, there are no fees for users of the network as long as they are token holders.
EOS is the best option for gamblers who desire quick, secure, and convenient payments and withdrawals because it can allegedly process over 100 000 transactions per second.
Decentralized casinos and gambling dApps, like Eosreel.io, have been established on the blockchain since the platform was created particularly to make it easier to create dApps and connect them to the internet.
How to start gambling with EOS
Despite having a smaller market size than other cryptocurrencies like Bitcoin and Ethereum, such as EOS, it has nonetheless been able to draw a small but close-knit community of gamblers.
If you're interested in playing EOS games and prioritize security, there are numerous decentralized platforms and provably fair casinos available that support the use of EOS tokens.
What you need to do:
- Register on a reliable cryptocurrency exchange (Binance, Coinbase, or Kraken).
- Buy EOS tokens (you can do this with a bank transfer or a credit/debit card).
- Enter your name and a working email address when you sign up for an EOS casino.
- Choose from well known cryptogames like roulette, slots, keno, and dice.
To keep your tokens secure, it is essential to have a reliable wallet after buying them from well-known exchanges such as Crypto.com, Binance or Huobi Global, similar to any other digital currency.
You can choose hardware or internet wallets that preserve control of your private keys according on your preferences and security concerns. You can instantly send and receive EOS tokens with these.
Exodus, Scatter, EOS Wallet, and Freewallet are some of the most well-known EOS wallets for desktop and mobile use on Android and iOS devices.
To keep your funds, you can also use safe web applications linked to hardware wallets, such Ledger Nano or My EOS Wallet.
Since EOS is so popular among gamblers, many casinos will also include in-browser EOS wallets into their platforms to speed up transactions.
EOS Casino Payments
Most casinos make it very simple to transfer EOS tokens.
All you have to do to make a deposit is link your wallet, specify the receiver account or the casinos' deposit address, choose the token symbol and amount, and then confirm. This is because many of them are already integrated with well-known EOS wallets. You can immediately start gambling because transactions are instant.
The same process can be used to make withdrawals. Your funds will be available to you in minutes as opposed to hours because no miners will be required to execute and validate your transaction.
EOS Casinos – Licensing & Security
To better assist you in choosing where to play, there is a crucial distinction between EOS casinos and EOS gambling sites that needs to be made apparent.
How to find the best EOS Casinos 2023? There aren't many, however there are several, such Stake.com and BC.Game. These are independent, regulated companies that offer a variety of casino games like dice, blackjack, baccarat, sports betting, and more, most frequently in Curaçao.
On the other hand, EOS gambling sites are decentralized gaming platforms that were largely constructed on the EOS blockchain. They can have benefits and security risks because they are not governed by a single private company.
They provide games that can be proven to be fair and transparent algorithms to help determine some of the most significant advantages.
Numerous of these EOS gambling websites will have specific pages where they describe their software and let anyone to run it to verify its fairness (some great examples of transparency in this regard are Stake and BitStarz).
Several techniques can be employed to ensure fairness in online gambling. These include the use of blockchain technology, which provides a transparent and immutable ledger of all transactions. RNG (Random Number Generator) technology ensures that game outcomes are unpredictable and unbiased. Seed numbers and unique IDs are assigned to player bets to prevent any tampering or manipulation. Private keys and signatures are utilized to verify the authenticity of transactions and ensure secure transfers. Additionally, smart contracts can be implemented to enforce the rules of the game automatically.
However, proceed with cautiously as these EOS gambling sites are not overseen by a typical regulatory body like the MGA or UKGC. Verifying their software, be sure they have a good reputation, playing a test game session, and attempting to get in touch with customer service are some of the precautions you can take.
EOS Games & Software Providers
We should point out that compared to traditional casinos, the selection of games at crypto gambling sites is typically less.
Most gaming sites provide smart contract-based games that can be proven to be fair. Along with more uncommon game genres like crash and hilo, some of the most well-known games include slots, blackjack, roulette, dice, and lottery.
Most cryptocurrency games, including those offered by EOS casinos, have very low house edges; some even lower it to below 0.5% for the majority of their games.
In addition to all of this, the finest EOS casinos use a dividend system in which users who wager on the platform receive a share of the casino's earnings according to the number of stake points they have. Currently, operators like Earnbet and Bethash provide this service.
However, signing up for Stake.com is your best bet if what you're looking for is a casino-like experience with the added convenience, quickness, and security of gambling.
It's one of the few EOS casinos with superb software vendors for its online slots and table games. You may anticipate titles from Betsoft, Endorphina, Evoplay, Microgaming, and Nolimit City, among others.
In the well-known cryptocurrency game "Crash Gambling," players must choose when it is better to withdraw their winnings before the multiplier starts to "crashes."
Pros & Cons of EOS Casinos
When deciding where to play online, it can be challenging to choose between newer options like EOS casinos or more established choices such as Bitcoin or Ethereum casinos. To help you make an informed decision, let's examine the advantages and drawbacks of each option.
- Deposits and withdrawals are very fast
- Decentralization and fee-free, verifiable software transactions
- Transactions with no fees
- They hold verified-fair contests (dice, lottery, poker, blackjack)
- A reliable blockchain with improved scalability, speed, and security is EOS
- There are only a few EOS gambling sites available
- Many EOS casinos lack games from well-known developers (NetEnt, Novomatic)
- Some EOS gaming websites operate without a license
- Variability in the price of EOS tokens
Is It Worth Playing at EOS Casinos?
With hundreds of dApps to choose from, dozens of games that can be proven to be fair, rapid transactions with no fees, and a minimal house edge, EOS casinos undoubtedly provide some unique benefits that are difficult to find elsewhere.
In addition, gamers have access to VIP programs with special benefits and the opportunity to split profits if they wager their tokens.
The fact that there aren't many EOS casinos available means that you'll have less options and a tougher time choosing the best gaming platform or selection. This is one of the few drawbacks we can think of.
Additionally, as EOS is not a stablecoin, its value can change significantly with market movements; as a result, if you always keep your gaming funds in EOS, your balance could suddenly increase or decrease.
EOS Casino FAQs
Can I gamble with EOS?
Yes. Decentralized gaming sites and legal casinos both accept EOS for deposits and withdrawals.
Are EOS casinos safe?
Not all of them, there are some factors to consider to estimate their level of security, such as whether they are licensed, provide games that can be proven to be fair, offer VIP benefits and incentives, and have helpful customer service.
Is EOS gambling legal?
You won't be able to play if you live in a nation where using cryptocurrencies is prohibited (such as Turkey, Bolivia, or Nepal). If the contrary is true, registering shouldn't be a problem.
What bonuses can I get?
Most EOS casinos provide new player welcome bonuses paid in Bitcoin, free spins, cashbacks, jackpots, entry to prize competitions, and VIP benefits. Some even give dividends (or a cut of the casino's revenues) to players who wager on the platform.
How can I buy EOS cryptocurrency?
EOS tokens are available on a number of reputable cryptocurrency exchanges, including Binance, Coinbase, and Kraken.
Which are the best EOS casinos to play at?
BitStarz.com, Bc.Game, and Stake.com are three excellent choices, but our chart above also includes other options.