What is EOS?
EOS is a native cryptocurrency created on the EOS.IO blockchain network with smart contract abilities. The network is a decentralized operating system using technology that can support millions of transactions per second (TPS) with the user incurring little to no costs.
The low-cost aspect and scalability in the size of transactions have allowed the implementation of decentralized apps (dApps) by software developers. The dApp development ability makes the crypto quite similar to Ethereum with the only distinguishing factor being that a different consensus system is used to confirm transactions. For EOS, Delegated Proof-of-Stake (DPoS) will be used.
EOS gambling is not yet popular with the crypto still young. However, the development of dApps has been an ideal hub for decentralised casinos among other gambling products.
History of EOS Gambling
EOS.IO blockchain protocol, responsible for EOS, was created in 2017 by Block.one, a company created by Brenden Blumer and Dan Larimer. The blockchain network had its focus on developing and facilitating scalable dApps.
With the dApps, several entities including decentralised casinos would start adopting the cryptocurrency. Unfortunately, its stake in the crypto and gambling world is not the highest. Today, a very small group of operators accept EOS payments. However, there is light after all. The network’s flexible aspect and the transparency in smart contracts have seen a diverse gambling community created.
Must be noted that EOS’s current status has been majorly due to two aspects that it has over most cryptocurrencies. One, EOS provided a solution to scalability problems that would see transactions slow down, and two, EOS comes from a network that has enabled the development of dApps. The aforementioned aspects have seen more players opt for EOS since many developers are finding it easy to create and deploy dApps. This then opens an avenue for gamblers to access a variety of casino game options.
To put it into perspective, by 2020, three years since EOS’s inception, there existed 680+ dApps many of which offered casino games functionality.
What are EOS Casinos?
An EOS casino is simply an operator that allows a player to use EOS coins to play online. Some EOS casinos may additionally accept other cryptocurrencies such as Bitcoin, Ethereum, and Litecoin or other fiat currencies, such as GBP, EUR, and USD.
However, other EOS casinos may, through the use of EOS.IO blockchain technology, use smart contracts and dApps to have operators that only accept EOS. These operators provide provably fair games with some creating their games in-house.
Some of these casinos include EarnBet, first known as EOSBet, which originally accepted EOS-only transactions. However, the operator has since gone ahead to accept multiple coins such as BNB, LYC, and WAX.
Are EOS Casinos Legit? Like other cryptos, EOS gambling sites fall under ‘grey area’ meaning that the legal status depends on the gambling laws set on specific jurisdiction. Most EOS gambling sites may display license information from bodies such as the Government of Curacao and Gibraltar Gambling Commission. Aside from the licensing information, users are encouraged to bet on a casino that provides fair games and all the EOS operators on our list meet these requirements.
How to Choose the Best EOS Casino?
While there exist a few EOS casinos, players can still enjoy a wholesome gambling experience. We have provided a list of our legit and recommended top EOS casinos. But what is the criteria to choose the best option?
- Game Fairness – The best EOS casino or EOS dApp should provide provably fair games to every user. EOS-only casinos that create in-house games with no third-party software developers will get the best rating since the titles will be 100% fair with no rigging expected.
- Game Selection – The best EOS casino offers a wide variety of game options. Gamblers can bet on online slots, table games, video poker, dice, lottery, poker, bingo, among other options.
- Bonuses & Promotions – The best EOS casino will offer bonuses and promotions to both new and existing users. The catch here is the value of the bonus and how favourable the terms and conditions are.
- Casino Reputation – A casino with satisfied players and a casino that has existed for a while speaks of a great operator that one can try.
- User Friendliness – The casino should be easy to use. The top EOS operators offer a friendly UI that is easy to interact with and navigate on.
- Payment Options – A variety of options should be available for EOS casinos accepting other payment options.
Despite the small range of EOS casinos available, the existence of illegitimate or rogue casinos is there. With the decentralised aspect in EOS casinos, it may be impossible to hold some of these operators responsible. However, you can save yourself by going through our reviews of all EOS casinos before proceeding to play on them. We ensure that we inform our players if the casino they are playing on is legit or not.
Advantages of Using EOS
With EOS still in its early years and with other cryptocurrencies dominating the gambling market, why should you prefer EOS to them? Below are some of the reasons:
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Speedy Transactions – One of the major advantages is that the deposits and withdrawals are fast as opposed to waiting up to 5 working days to withdraw via banks and credit/debit cards.
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Feeless Transactions – EOS online casinos do not charge any fees on any deposit or withdrawal. However, some reasonable fees may apply in some cases.
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High-level safety – No sort of personal and information is shared on the transaction making it safe and anonymous. Moreover, the transaction cannot be traced back to the user.
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Transparency – EOS allows gambling players to store their bets, any game record, results, or the amount paid out on the blockchain network. This allows the viewing of odds to ascertain they were not rigged.
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Smart Contracts – This goes a long way in ensuring users are guaranteed top-level security and in other cases reduce the transaction costs.
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Scalability – EOS inception was mainly targeted in improving scalability meaning that the volume of transactions would be improved without affecting the speeds.
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Customizable Ecosystem – The blockchain network allows software providers to create customizable dApps. It also uses a consensus mechanism —Delegated Proof of Stake (DPoS) to enable a decentralized system that approves secure and safe transactions.
Are there any disadvantages of using EOS in gambling?
Despite its consistent improvement over the 3+ years, EOS has experienced some drawbacks and may be among the many reasons its popularity is not as huge as other cryptos. They include:
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Very few EOS casinos – Currently, EOS is not the most widely accepted cryptocurrency in the gambling industry. As a result, there exist very few EOS casinos.
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EOS value – EOS coins are not the most valuable and since the crypto is not a stablecoin, there exists the risk of price fluctuations.
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Anonymity – Some players may be running illegal transactions via the EOS network.
Depositing and Withdrawal Options
Deposits and withdrawals at EOS casinos are fast, easy, and secure to all. The process of making the transactions is easy. Here is the process to follow for quick transactions:
- Set up an EOS wallet. This is a medium where you can store EOS coins and you can set up one of three different wallet types. There exist software wallets, hardware wallets, and exchange wallets. The most convenient for EOS casino players who transact frequently is software wallets. Exchange wallets are the least recommended for frequent targeting by hackers. Some of the recommended EOS wallets include Infinito.
- Fund your EOS wallet. Once your wallet is set up, the next step will be to fund it with EOS cryptos. This can be done via a variety of exchanges where EOS coins can be purchased either via other cryptocurrencies or fiat currencies. Some of the best exchanges include Coinbase and Binance. Once the coins are funded into your EOS wallet, you will be ready to progress to the next stage.
- Create an account with an EOS casino. The next step is signing up at one of the EOS casinos we have reviewed. Choose one that meets your requirements and provide the details needed. EOS-only casinos might only require your email address and a strong password.
- Deposit at your account. Go to the ‘Deposit/Cashier/My Account’ section to deposit. Choose EOS as the preferred banking option. A pop-up page requiring you to input your EOS wallet address will be provided. Correctly enter the address and the amount to deposit and confirm the transaction. Some online operators will require you to enter a memo. Ensure you input the memo if prompted to or risk delays or losing funds.
- Gamble responsibly. Funds will be instantly credited into your account and you can proceed to gamble responsibly. As a new player, you can also claim some of the bonuses including the welcome bonus. Place bets on the various online casino titles while meeting the bet size caps set on each.
- Withdrawing your winnings. After a successful play, withdrawing your funds will also be another easy, secure, and fast process. It is advisable that those wishing to withdraw bonuses first meet the wagering requirements. The withdrawal amount is loaded into your EOS wallet.
Go to the ‘Withdraw/Cashier/My Account’ section and choose EOS as your preferred banking option. Write down the amount to cash out and paste your EOS wallet address. The process takes a few minutes before the money is reflected on your account.
How to Buy Cryptocurrencies
To transact with EOS on your favourite casino, you need to have EOS coins and in the crypto world, getting these coins requires one to buy them on several exchanges. Some of the top-rated exchanges include Coinbase, Binance, Coinbase Pro, and Kraken. Register for an account on either of them. The account can then be funded with fiat currency via different options including credit/debit cards and bank transfers. Some exchanges also allow funding the account via e-wallet options including Neteller, Skrill, and PayPal.
With the funds on your exchange account, buying EOS coins is easy and once bought, you can store them in your wallet. Also important to note that you can buy EOS coins with other alternative cryptocurrencies that you might have. Ensure the exchange accepts the funding option.
Looking for more new online casinos accepting EOS?
EOS casinos are still relatively new in the industry. However, while we have listed some of the top and experienced EOS casinos, it is important to note that the crypto is growing each day and more and more operators are coming up.
With the need to impress a host of players, they have ensured that they hit the market with the best shot. They come with a promise of a good game selection that is fair to all, a range of high-value bonuses, crypto converters, speedy transactions, and a secure gaming experience.
Below are some of the new EOS online casinos we have reviewed that are worth your time.
Playing at Mobile Casinos with EOS
The online gambling space is realizing new developments and one of the major game-changers has been mobile casinos. Software developers are creating online casino games that are compatible and playable on multiple devices including mobile phones. One is not required to download special software to play the game. This has extended from the games section to the banking section. Players can comfortably deposit and withdraw funds directly from their online casino account via different payment options, cryptocurrencies included.
This has led to the incorporation of EOS casino gambling apps and mobile site versions. Both iOS apps and EOS Android casino apps are available and with wallets also accessible easily on mobile phones, transactions become easy. Whether you decide to settle on the top EOS casinos or new casinos on our list, expect to play your favourite EOS casino games on mobile!
EOS Casino Games
While EOS casinos may be limited, players can still expect a variety of online casino games to play with EOS. These titles are not only about variety but also good quality that has been achieved. Remember with EOS casinos, players will have special in-house games they can play or other casino games from third-party software providers. Some of these developers include Microgaming, Play’n GO, NetEnt, and Playtech.
A wide range of online casino games to expect on an EOS casino include:
- Slots. Arguably the most popular game type to expect. You can play EOS slots on most of the operators and to make the experience better, EOS slot machines come in different varieties. With classic slots, video slots, and jackpot slots, players are provided with tons of options to make. Aside from spinning the reels, there is more to the titles with players triggering top features such as multipliers, wilds, scatters, free spins, and progressives with a great payout.
- Blackjack. Play blackjack on EOS casinos with different versions provided to players. Sharpen your skills on the selection as you enjoy good payouts. Several EOS gambling dApps have also specialized in provably fair blackjack games.
- Roulette. Play a variety of EOS gambling roulette games provided in different versions. With European and French Roulette having an RTP of above 97%, they are the best Roulette versions to gamble. Moreover, live roulette titles are also available for gambling on online casinos.
- Craps. Play Craps on some of the EOS operators. Look to aim 2 or 3 and try to avoid rolling 7 or 11. Enjoy the experience on this popular dice game and while the game is not available on many operators, it doesn’t mean that you cannot find it on some!
- Dice. EOS dice games lead in terms of popularity. It is highly likely that on every EOS casino you play, a dice game is available. This is one of the easiest games to play on any online casino with the player required to set the mid-point before rolling the dice. The player then predicts if the dice lands higher or lower than the mid-point. One can set their betting parameters and change odds depending on if the mid-point is adjusted.
Best EOS Crypto Casino Bonuses
One can expect an EOS casino bonus that they are eligible to claim on every online casino we have reviewed. Among the popular bonuses to expect include:
- Welcome Bonus. This is a free sign-up bonus awarded on an EOS casino for new players who successfully create an account. Most online casinos will offer this bonus as a deposit bonus where after making a successful EOS deposit, a bonus equaling your deposit or half of it is awarded. Others offer bonuses for the first 3-5 deposits making it a ‘welcome bonus package’.
- Deposit Bonuses. These are bonuses dependent on the deposit a player makes. Whether the bonus is matched up or a set value, players will trigger these bonuses by making a qualifying deposit. A 100% bonus up to 10,000 EOS offer on a 1,000 EOS deposit triggers an additional 1,000 EOS bonus.
- Free Spins. EOS casino free spins pass as the common bonuses to expect. They may come as part of a welcome bonus or be offered as a deposit bonus for existing users. With these free spins, players can play the different slots for real money. The size of the spins differs depending on special offers.
- No Deposit Bonuses. An EOS casino no deposit bonus is the complete opposite of the deposit bonuses. In this type of bonus, the deposit doesn’t trigger any sort of bonus. No deposit bonuses are mostly awarded to new account holders after signing up for an online casino account. The distinguishing factor from many is that they are not high in value.
Why are EOS and Crypto Casinos with No Deposit Bonus Popular?
The main reason a no deposit EOS casino bonus such as free spins will be preferred is that they are free. The operator doesn’t require you to make any EOS deposit to trigger the bonus. With these bonuses, players can benefit as follows:
How to Claim No Deposit Bonuses
The basic and simplest way of claiming a no deposit bonus is creating an account on an EOS casino that offers the same. After setting up the account, most of these online casinos will automatically credit the bonus and a player can start with a great gambling experience.
Want to find these online casinos? Below are some of the best EOS casinos offering these bonuses.
FAQ
Do casinos accept EOS?
Several online casinos are accepting EOS as a payment option alongside other cryptos and fiat currencies. Find these casinos on our above lists.
Is EOS a safe casino deposit method?
All EOS transactions are safe on any online casino. A user will not be prompted to provide personal and financial information nor will the transaction be traced.
Where can I buy EOS?
Users can buy EOS coins on various exchanges including Binance and Coinbase. The coins can be acquired either through other cryptos or fiat currency.
Is it anonymous to play with EOS?
EOS, like most cryptos, offers an anonymity aspect with transactions highly untraceable. This is one of the reasons it is preferred.
What do I need to start playing at an EOS casino?
To start online gambling at an EOS casino, you need to own EOS coins, create an account at an EOS online casino, and deposit to start playing.
Can I deposit with a debit card but cash out in EOS?
Most operators require that players use the same payment option when depositing and withdrawing thus making it impossible.
How long does it take to send EOS coins to an online casino?
EOS payments are instant with a player required to wait for a few minutes before the coins are credited to the online casino or the wallet.
Alternative Cryptocurrencies to Use
EOS is one of the many cryptos available. From Bitcoin, Ethereum, Litecoin, and Dogecoin, to other Altcoins such as XRP, Tether, FunFair, Monero (XMR), Zcash (ZEC), and Dai players have a bunch of alternatives to use.