EOS Online Casinos

In a world where cryptocurrencies are getting more and more popular, online casino players cannot easily decide which coin to go with, but when they hear about EOS, they immediately see clearer. This is a fairly new digital currency designed with the aim to improve s’ experience with coins and allow them to use improved blockchain solutions to get instant, safe and easy transactions across the internet. As such, this is an incredibly convenient cryptocurrency to use for online gambling purposes. Why choose to use EOS as your online casino payment method?

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EOS FAQs

About EOS

The story about this cryptocurrency started in a really interesting way. A start-up from the Cayman Islands, called Block.one, launched it in 2018. But the start-up made history before it even launched it. In fact, Block.one launched the code in 2017, one year earlier, aiming to get as much investor money as they could. Essentially, all they did is give the investors a promise, an idea of how the crypto will work, with hopes that they could get the funding they needed. Well, not only a promise but also tokens through the EOSIO platform, guaranteeing to build an open-source, highly scalable software that would be the best there is in the crypto world, faster and more secure in every aspect.

What’s unbelievable is that this worked. Through a fundraising process known as ICO Fundraising (Initial Coin Offering Fundraising), a process embargoed by China and many other countries, the start-up managed to collect $4 billion before they actually released the crypto! It sounds incredible, and it really was.

Block.one presented two objectives to investors: to create a platform that would provide for way speedier coin transactions and to make that platform suited for dApps (decentralized applications). They said that the platform would be based on the same underlying principle as Bitcoin, the very first crypto ever created, but with the aid of the dApps, its scalability would solve the problem other digital currencies faced. So, the investors invested in the idea, without seeing the actual final product, they ed it and gave their millions of dollars to the start-up.

But Block.one raised the delivery expectations high, and could not deliver the product on time. The launch was postponed and this raised many eyebrows in the communities. Investors were worried and demanded the start-up to not only launch the coins as promised by also launch the technology that goes with them.

A year later, Block.one proved to everyone that they feared for nothing. The groundbreaking technology and the crypto were launched, delivering what’s promised and more. The start-up was devoted to building dApps and development tools that would further facilitate the movement of the coins on the platform. They made the coins really -friendly and available to anyone to get started with.

Believe it or not, just nine weeks after the product was finally launched, EOS made it to Online casinos guaranteed secure app processing, role-based security protocol and unrivalled transaction speed. Operators’ developers were offered development patterns and familiar programming languages to use by non-blockchain apps and create a more improved experience for their players using tools they were already used to using.

Providing instant transactions, the crypto became an instant hit with players. The EOS ecosystem grew with unseen speed, gambling dApps were being created and the new crypto found its way next to already hugely popular digital currencies like Bitcoin, Litecoin and Ethereum.

Types of Services Offered

As mentioned, EOS was created to be really -friendly, so that anyone, even people who have never come across cryptocurrencies before, could start using it right away, without much effort. The steps to start using its services are really intuitive.

The first thing you would need to do is choose a wallet type to store your coins. There are paper, mobile-based, web-based and hardware wallets, but for online casino transactions, the eWallet would be the most convenient one.

After you choose the type, it’s time to look for eWallets you can use to store the coins. There are plenty of eWallet platforms you can explore where you’ll need to create your . Just make a quick search on Google and you’ll see some suggestions. You’ll even see Skrill as potential brands you can use to get started with EOS.

Now, after you’ve created your wallet, you’d finally need to purchase some coins. You can purchase this digital currency using other cryptocurrencies or fiat currencies, whichever you prefer. Just head over to a crypto exchange platform to buy your coins.

The best part with this cryptocurrency, as mentioned earlier, is that some casinos have integrated it and offer in-browser wallets for you to store your coins, so you can entirely skip the choosing-an-eWallet procedure and just get started with the in-browser wallet, fund it with money, and start using it right away!

How to Deposit with EOS?

Just as the process of getting started with EOS was simple, so is the EarnBet, and more sites are being added on the list. So, just find one that you’d like to and create an with it. Provide the necessary personal details, and if asked during registration, choose the crypto as your deposit method. If not asked at this point, then do the following:

1. Go to the casino’s Cashier/Banking page and from the list of cryptocurrencies, choose EOS.
2. Specify how much you’d like to deposit.
3. Enter the casino’s crypto wallet address, if not pre-filled.
4. Double-check the address before you confirm the transaction since transactions with this cryptocurrency are irreversible.
5. Confirm the deposit and in an instant, the coins will arrive on your balance.

How to Make a Withdrawal with It?

Just like any other cryptocurrency, EOS is accepted for payouts. But thanks to the speeds it offers, this cryptocurrency stands out from the rest when it comes to withdrawal transaction times.

As soon as you choose it from the list of Withdrawal methods, enter your eWallet address and wait for the casino to approve your request. When the casino greenlights it, after ensuring you have no games at the casino.

Country Restrictions and Other Limitations

You should know that EOS comes with virtually no restrictions or limitations. That’s right, it is used all over the world, considering it is controlled by communities, not authorities, and it is a completely decentralized cryptocurrency. There’s no list of restricted countries, so unless your country has banned the use of cryptocurrency, you can rest assured that you can get started with it and use it across online casinos.

On that note, to use it for your deposits and withdrawals, you won’t need to pay fees. Transactions with this cryptocurrency are completely cost-free since fees are eliminated by inflation. Contrary to other digital currencies that charge a fee because of the proof-of-work mechanisms, EOS’ network pays all the costs. Instead of making s pay fees for accessing its combined resources, the network does it, considering owning tokens covers all and any costs that could be involved.

Advantages and Disadvantages

Let’s start with the disadvantages when using this cryptocurrency since there are none! Except for the fact that its value fluctuates, but that’s something that happens with all cryptocurrencies, this digital currency is one of the best out there, yet to reach its peak.

Since it is a newer name in the digital currency world, it may not still be as popular as Bitcoin and Ethereum, but it sure offers much bigger advantages than these two.

It offers way faster transactions, it is way more scalable, it does not charge any fees to the s, and it is accepted all across the world. Plus, it is really -friendly, and anyone, even those who don’t have a remote idea of how cryptocurrencies work, can get started with it easily and use it.

When it comes to the advantages it offers to you as an online casino player, there are plenty. For one, you can make both deposits and withdrawals with it. Two, these deposits and withdrawals will be instant, processed in a split second. And three, regardless of your country of residence, you can use it. Of course, there’s the fact that the crypto is getting recognized by more and more operators and the fact that it is already accepted across many online casinos. Therefore, all you need to do is decide to use it, and from there, everything would be easy. You will easily find a casino to to use it, you’ll be making deposits and withdrawals in a blink of an eye and you won’t need to pay any fees for your transactions.

Final Analysis

From the minute it was presented to the public, communities and investors, EOS showed that it offered something different from other cryptocurrencies. Its scalability and speeds are unrivalled, beating the records of the best digital currencies ever designed. It sure sured Bitcoin, the pioneer in the field, and it sure is at the forefront of the crypto world, providing s with faster and more secure ways to move their coins online.

The fact that it collected so much money when it was only an idea, $4 billion, and the fact that it delivered what’s promised, made it really popular in the crypto sphere. But thanks to its dApps and familiar tools, it became really popular across the online gambling industry, too.

The fact that transactions with it happen in real-time, are subject to no fees and are super easy to make, make it a really impeccable solution to use for deposits and withdrawals. And since you can use it, no matter your country of residence, make sure you give it a try the first chance you get. You’ll be asking yourself how come you didn’t know about it sooner because this solution would be the perfect one for your online gambling transactions.