Chainlink Casinos

What is Chainlink?

Chainlink is a digital currency like Bitcoin, Litecoin, Tether, TRON, etc. Chainlink is built on Ethereum and operates on a decentralized network of oracles to facilitate the connection of smart contracts to external ecosystems/outside world. Sounds complicated? Let’s break it down. Smart contracts. These are programs/computer codes on a blockchain network and will run when an agreement between two parties is met. In this case, there are no third parties/intermediaries involved, and the agreement gets executed without time loss, provided the predetermined conditions are met. 

Before Chainlink, smart contracts would involve sourcing off-blockchain information from different parties, including software and people, thus making it centralized. There was a gap between the decentralized aspect of the smart contracts and blockchain network and the centralization of the data used to execute the contracts. Chainlink’s inception was tailored to counter the gap to ensure smart contracts would all run on a decentralized blockchain network.

Chainlink (LINK) created a decentralized network built on blockchain oracles and run by node operators that would help source off-blockchain data feeds, APIs, etc., to the blockchain. Through this, smart contracts would be executed fairly. Today, online casinos have jumped into the bandwagon of using Chainlink in their banking section, and LINK gambling is gaining traction in the iGaming world.

History of Chainlink Gambling

Chainlink was created in 2014 but would debut in 2017, with Sergey Nazarov, a notable name in the crypto market, behind its launch. And while the Chainlink network was initially designed to become a centralized oracle system that would verify off-blockchain data, the network would later morph into a decentralized oracle network. This would facilitate secure and fair smart contracts by collecting off-blockchain data feeds and APIs. 

Today, despite the complexity of the network, most people are familiar with LINK tokens, the in-house Chainlink network currency, and they can buy, sell, trade on other platforms, and use them to pay for online services such as trading and gambling.

A look at its price history shows a currency on the rise. In 2017, the tokens traded for less than a dollar until mid-2019, when the price shot between $1 and $4 per token. In late 2020, the price per token increased further, with a LINK token trading for over $14. In Feb 2021, the LINK token hit an all-time high, with its price at $37. The Chainlink network is now an open system, and anyone can hold the tokens as assets. 

What are Chainlink Casinos?

Chainlink casinos are casinos that accept payments via LINK tokens. On the one hand, a LINK casino can purely accept LINK tokens. On the other hand, a LINK casino can accept payments via LINK tokens and other banking options such as cryptocurrencies or options supporting fiat currency. 

And with LINK tokens Ethereum-backed, gambling fans will need to hold Ethereum wallets to transact on the casinos.

Are Chainlink Casinos Legit?

Chainlink gambling sites operate the same way as traditional/regular online casinos. The first step for every gambling fan before playing is to check the licensing and regulation information of the casino. Legit Chainlink casinos will hold licenses from official regulatory bodies of the jurisdictions they are operating in. For example, a Chainlink casino operating in the UK has to hold certification from the UK Gambling Commission. The same applies to offshore casinos that mostly run on a Curacao government-issued license. 

Players should also keep in mind that not all countries allow cryptocurrencies, and this is an aspect that may affect crypto gambling. While players can gamble through offshore sites in such countries, they should also check if the country legalizes online gambling to be on the safe side with the law. Besides licensing, legit Chainlink gambling sites should also have certification to prove their games are fair to all players.

How to Choose the Best Chainlink Casino

With Chainlink considered in several gambling sites, there are other aspects a player needs to look out for to land on the top Chainlink casinos. They are:

• Licensing and regulation: As stated earlier, players should first check the licensing details of each casino. Every reputable and legit casino will provide its licensing information, including the licensor and license number. 
• Bonuses and promotions: A top casino will provide several high-value bonuses for new entrants and existing players. This should play a vital role while attracting and retaining players.
• Game portfolio: Chainlink casinos are similar to traditional casinos, and players should expect a vast portfolio of games on top casinos. They can expect quality and quantity on game types such as slots, table games, video poker, and live casino.
• Banking options: Besides LINK tokens, a top casino should provide convenient and numerous banking options for its players. They might include other cryptocurrencies and fiat currency options such as bank transfers, debit/credit cards, prepaid cards, and e-wallets.
• Customer service: A top online casino equates to an excellent customer service team available 24/7 and reachable in different modes, including a FAQ page, live chat, email support, and phone support.
• Mobile casino: Top casinos will provide mobile casinos accessible on browsers or mobile applications for players to bet anywhere at any time.
• Casino reputation and satisfaction: A top casino will receive positive feedback from its users and a good rating for the products and services it renders.

Read Chainlink Casino Reviews

To view the casino’s reputation and its satisfaction among the users, players should go through Chainlink casino reviews online to view the reputable and legit casinos. Some operators may pose as legit but may later turn to be rogue and end up taking your LINK tokens away. Therefore, players should always do a background check on the casinos they hop into before creating new accounts and depositing their tokens.

Our page has several reviews of the top legit casinos. Pick the one you prefer and start gambling in a trustworthy and reliable online casino.

Advantages of Using Chainlink

While there are reasons to consider other options while transacting at an online casino, there are several standout reasons a player should consider Chainlink. They include:

• High-level privacy: Like most cryptocurrencies, Chainlink transactions will be private and anonymous, with no personal or financial information exposed.
• Speedy transactions: With no third-part/intermediary involved, every Chainlink transaction will be fast and instant.
• Chainlink value: Despite the early years that saw LINK tokens price rise slowly, the cryptocurrency has been on the rise, with its price constantly shooting up, making the winnings boast high value.
• Low fees: Chainlink transactions will charge low fees compared to traditional payment methods accepting fiat currency.
• Flexible limits: Chainlink transactions have flexible limits from the minimums and maximums. However, each player should ensure to transact within casino limits.
• Associated with Ethereum: Chainlink’s reliability and stakes are high, thanks to its association with Ethereum.

Are there any Disadvantages of Using Chainlink in Gambling?

On the flip side, there are a few drawbacks of using Chainlink as your preferred payment option in an online casino. They include:

• Licensing information: Chainlink-only casinos do not hold any license from regulatory authorities. Remember, most cryptocurrencies, including Chainlink, are decentralized, meaning that they are not subject to regulation from third parties such as governments or bank facilities.
• Not widely accepted: Unlike cryptos such as Bitcoin and Litecoin, few Chainlink casinos exist, thus limiting gaming options to the players.
• Volatility: While there has been a significant rise in the price of LINK tokens, the crypto wild is susceptible to volatility, meaning the value can drop on some days.

Depositing and Withdrawal Options

Are you looking to deposit with Chainlink at your casino? The process is straightforward, provided you have LINK tokens and an account at a casino accepting the payments. Here is a detailed process of transacting at a LINK casino:

1. Create an Ethereum wallet. Remember, Chainlink is an Ethereum-backed coin, and thus every transaction should be made via an Ethereum wallet. The crypto world boasts several wallets, ranging from hardware, web-based and mobile wallets. The latter two are effective for online players, with mobile wallets accessible directly from the App Store and Google Play Store for Android and iOS players. Reputable Ethereum wallets include Atomic Wallet, Coinbase, Guarda, and Exodus.
2. Fund your wallet. After creating your wallet, it is time to fund it with LINK tokens. You will need to buy the tokens directly from reputable crypto exchanges such as Binance, Coinbase, eToro, etc. These exchanges accept cryptocurrencies and fiat currencies, making it convenient for players to purchase their desired cryptos. After purchasing LINK tokens, you can transfer them to your wallet.
3. Sign up at a LINK casino. Choose one LINK casino from our list and create a free account by providing accurate personal, contact, and account information. The process should last less than five (5) minutes.
4. Deposit at the casino. Once you have registered, proceed to deposit LINK tokens to your account. Once on the Deposit/Cashier section, you can choose Chainlink as your preferred method, enter the amount, provide your Ethereum wallet address, and confirm the payment. Alternatively, you can copy the casino’s wallet address in the section, log in to your Ethereum wallet, enter the amount to deposit, and paste the casino’s wallet address under the receiving address field. The funds will credit instantly.
5. Claim the welcome bonus and play games. Most online casinos will offer a welcome bonus immediately after the new user makes a qualifying deposit. Claim the bonus and play the eligible games for real money winnings after meeting the wagering requirements. The deposit made should also allow you to play any casino game, as long as you meet the bet size.
6. Withdraw winnings. Should your bet end up on the winning side, the next step is to withdraw the winnings from your casino to your wallet. Also, ensure to meet the wagering requirements before withdrawing the bonus winnings. Go to Withdraw/Cashier section, choose Chainlink as your preferred payment method, enter the amount to withdraw, your Ethereum wallet address, and confirm the withdrawal. The casino will process your funds, after which you will receive funds instantly. Note that each casino has a different timeframe for how long it processes its withdrawal requests.

How to Buy Cryptocurrencies

Are you low on LINK tokens and wish to buy more? You can easily buy LINK tokens alongside other cryptocurrencies via a reputable online crypto exchange. Many cryptocurrency exchanges exist, including Coinbase, Binance, Skrill, and more. You can deposit funds through your preferred fiat currency payment method or cryptocurrency to purchase LINK tokens. Popular fiat currency payment options in most crypto exchanges include bank transfers, Visa/MasterCard, and PayPal. Once you have purchased your tokens, it is advisable to store them securely on your wallet (hardware, web-based, or mobile).

Looking for More New Online Casinos Accepting Chainlink?

While longevity is a pointer of a reputable online casino, players can also try the new Chainlink casinos. Despite several rogue casinos coming up because crypto casinos are not subject to regulation, we have reviewed some reputable new operators our players can try. Traditional casinos are currently plentiful and have a more robust standing than crypto casinos for aspects such as licensing and regulation. However, most new crypto casinos have upgraded and innovative technology that guarantees unique bonus features, quality games, quick transactions, and provably fair games.

As a result, many gamblers are starting to embrace modernity in the gaming sphere, including Chainlink gambling. Here is our list of the new online casinos accepting LINK tokens.

Playing at Mobile Casinos with Chainlink

Talking of modernity and the new-age gambling has been a revelation to many, with many casinos providing mobile access, thanks to HTML5 technology used for compatibility with mobile devices. Today, players can play their favorite LINK casino games on their phones through a gambling app for LINK casinos or a mobile browser. The app version involves downloading a LINK Android casino app on the casino’s main website or the App Store for iOS users. The browser version only involves following the link to your casino on Safari, Chrome, and Opera Mini, among other browsers, to play the games.

You can access every casino’s product and service at your comfort. Remember, the mobile platform allows you to access your web-based or mobile wallets to deposit and withdraw funds from your casino account. 

Chainlink Casino Games

Wondering about the casino games to play with Chainlink? Worry not! Chainlink casinos operate similarly to traditional/regular casinos, allowing players to interact with all types of casino games, including:

Slots

Try your luck as you spin several classic or video slots from providers such as Play’n Go, Microgaming, and Yggdrasil. Despite depositing with Chainlink to play slots, you can also spin the slots for free as you understand the game mechanics before using real money. Most Chainlink slot machines will have bonus features you can activate, ranging from bonus rounds, jackpots, free spins, multipliers, wilds, and scatters.

Blackjack

Get into action against the dealer as you play blackjack at your favorite Chainlink casino. Involve your skills and strategies to turn the odds in your favor. Chainlink casinos have a set of blackjack variations you can try, including Blackjack Surrender, Blackjack Double Attack, and Blackjack Pro.

Roulette

Like blackjack, you will have different roulette gambling variations at Chainlink casinos. However, unlike blackjack, the odds of you winning depend on chance and luck. Guess where the ball lands to grab your wins. The most popular roulette variations include European, American, and French.

Craps

Craps’ popularity is becoming immense, and like most casino games, it is another game of chance. But even so, you can maximize your chances of winning by employing several tips, including avoiding bad bets such as World/Whirl bet, Any 7, and Hi-Lo bet. Try to lean on Field Bet and Pass Bet, regarded as the safest bets. Unfortunately, there are few Chainlink casinos offering craps.

Dice

Dice is one of the most straightforward casino games and is fast becoming a popular game in crypto casinos. You can play a Chainlink dice game at several casinos and enjoy the massive payout possibilities. Pick a midpoint and predict if the number shown after rolling the dice will be higher or lower than the midpoint.

Best Crypto Casino Bonuses

Remember, Chainlink casinos operate normally as traditional casinos would operate. This means that you can expect a casino bonus whenever you play with Chainlink. Remember to go through the T&Cs under each bonus to enjoy them to the maximum. We look at the popular casino bonuses at LINK casinos:

• Welcome Bonus

A welcome bonus is a free signup bonus awarded at Chainlink casinos after the player completes the registration process and deposits the qualifying amount. The welcome bonus might include a cash bonus, free spins, or both. However, some casinos might offer a no deposit bonus, where a successful signup process and a bonus code will be enough to activate the welcome bonus.

• Deposit bonuses

As the name suggests, these are bonuses activated by a qualifying deposit. They are offered in two main ways. One, the casino matches the deposit by a percentage, and in another, the casino offers a fixed bonus. In the former, a casino might offer a 100% bonus to a $50 deposit, meaning the player receives another $50 in their bankroll.

• Free Spins

Free spins are common in casinos, including Chainlink casinos. In most cases, the operators offer them as part of another bonus, but rarely are they offered as standalone bonuses. They increase the chances of winning prizes, and the only drawback is that they are only available for slot machines.

• No deposit bonuses

As stated, no deposit bonuses do not need activation via a deposit. A player only needs a valid bonus code to activate the bonus in most cases. However, it is rare to find a Chainlink casino with a no deposit bonus available for players. And as one would imagine, they are low in value compared to the deposit bonuses.

Why are Chainlink and Crypto Casinos with No Deposit Bonus Popular?

Despite their rarity, a Chainlink casino with a no deposit bonus, either as free spins or cash bonus, remains popular to many players. They get loads of traction for various reasons as follows:

• The bonus is free to claim
• The bonus is playable on all casino games (except free spins)
• Players can test games without risking their funds
• The bonus winnings are withdrawable once the player meets the wagering requirements

How to Claim No Deposit Bonuses

No deposit bonuses are easy to claim at the casinos. However, not everyone qualifies for the bonuses. Most no deposit bonuses are available for new entrants immediately after completing the registration process and entering the valid bonus code.

However, when existing players qualify for no deposit bonuses, the casino will specify how to claim it in their terms and conditions. Therefore, players should keep a close eye on them.

FAQ

Alternative Cryptocurrencies to Use

Despite Chainlink appearing in several casinos, some cryptocurrencies already dominate the gaming scene, and players can gamble using them. They include: