The Best ChainLink Casinos in 2023
Although ChainLink is not as popular as Bitcoin or Litecoin, it is a cryptocurrency that is gaining momentum thanks to the role it’s playing in facilitating smart contracts. In this article, our experts look at how you can use your LINK tokens to play at the best ChainLink casinos.
How to Use ChainLink
Using ChainLink to gamble is actually a pretty easy and straightforward affair. In fact, the biggest hurdle will be finding a casino that accepts the altcoin – something which is offset by our list above, which includes legal and licensed casinos you can play at safely.
How to Deposit Using ChainLink
If you’d like to start playing using ChainLink, then you will need to deposit funds. Here’s how to do it:
Step 1: Sign up to one of the legal and licensed ChainLink casinos from our above list.
Step 2: Head to the casino’s Banking or Cashier page, and choose ‘ChainLink’ or ‘LINK’ as your preferred method of choice. Keep in mind that this may be under ‘Cryptocurrencies’.
Step 3: The ChainLink casino will then give you its address (also known as public wallet number), which will be made up of numbers and letters all jumbled up. You will need to copy this before heading to your Ethereum wallet, which is an app you can download onto your phone or desktop computer. Once on the wallet, set up a transfer, paste the address, select how much ChainLink you wish to transfer, and confirm. In case you are wondering, our favourite Ethereum wallets are the Atomic Wallet, Guarda, Exodus, and Jaxx.
Step 4: The money should appear instantly in your account, though there have been times where it has taken up to 30 minutes. Either way, once the funds are available, you can start playing instantly.
P.S. Be aware that while some casinos allow you to deposit in ChainLink, they may not allow you to play with ChainLink. To offset this, the casino will automatically exchange your LINK tokens to a fiat currency (like the euro or the dollar). This doesn’t usually come with a fee, but the exchange rate may not be that favourable. For a better rate, you can use your Ethereum wallet to exchange your LINK tokens into a fiat currency (or another, more popular cryptocurrency like Bitcoin) before using it to make a deposit.
How to Withdraw Using ChainLink
When you do land some winnings, a number of LINK casinos have the facilities to effect withdrawals in the altcoin. To do this, you’ll need to follow these instructions:
Step 1: Head to the Cashier or Banking section on your best ChainLink casino, and go to the Withdrawals section.
Step 2: Choose ‘ChainLink’ or ‘LINK’ as your withdrawal method of choice (it may be under ‘Cryptocurrencies’).
Step 3: Input the amount you’d like to withdraw followed by your public wallet number. Once done, confirm the withdrawal.
Step 4: The funds should be in your Ethereum wallet within a few minutes, though there have been times it has taken a few hours.
Are there any ChainLink Fees and Limits?
The answer to this question is both yes and no.
Let’s start with the casinos themselves. For most ChainLink casinos, the fees they pay to allow you to make deposits and withdrawals using this (and most other) altcoins are negligible, and so they don’t charge you anything.
Nevertheless, like most cryptocurrencies, buying and selling ChainLink comes with a small fee. This fee, however, can change from one day to the next, depending on how large (in byte-size) the transaction is, and the demand for network space at that point in time. Even so, the fees are usually a very small percentage when compared to the amount you’ll be transacting, and the money goes to pay the people who make this whole network possible and safe.
For more information on the best ChainLink Trading Fees, we like to use Crypto Fee Saver.
Games at ChainLink Casinos
Players at ChainLink online casino sites can expect to find all their favourite games, including poker, video slots, roulette, baccarat, blackjack, and live dealer casino games. While these are available, they are usually played in a fiat currency, as most game developers have not yet developed ChainLink casino games like they’ve done for Online Bitcoin casinos, Litecoin casinos, and Ethereum casinos.
Best ChainLink Casino Bonuses
LINK casino players usually get all the bonuses available to players, which can include welcome bonuses, reload bonuses, cashbacks, free spins, and much more. These bonuses are usually awarded in a fiat currency or in Bitcoin. As always, do take the time to read the terms and conditions to make sure you’re eligible and happy with what’s on offer.
Safety and Security at ChainLink Casinos
ChainLink casinos work in the same way as other online casinos do, with safety ideally remaining a priority. A legal and licensed LINK casino will always have a license from a reputable jurisdiction like Curaçao, and will adhere to international requirements, including those on responsible gambling and player safety.
Of course, with ChainLink being a cryptocurrency, you can expect even more safety and security, as blockchain is an open, decentralized database that is much, much harder to hack. Moreover, in 2020, ChainLink debuted the concept of Verifiable Randomness to the Ethereum Network, which is now used by some casinos to further bolster the work of their random number generators. What this means is that the games you play are doubly (or even triply) confirmed to be random and fair on players.
The vast majority of casinos that accept ChainLink also accept a wide variety of other payment methods. Among these are the usual credit cards payments, e-wallet options, internet banking, and paysafecard deposits, all of which are safe to use. However, players can also make use of other types of payment methods, including:
Binance is an online exchange through which users can sell and buy cryptocurrencies. Through this, players can exchange LINK tokens to other, more popular digital currencies. See Best Binance coin casinos
EOS is the world’s 23rd top cryptocurrency, and was developed to offer users scalable blockchain and lightning-fast transactions. See Top EOS casinos
Originally released in 2014, Stellar is an open-source platform which allows digital cash to fiat money conversions. It also has its own token or cryptocurrency, which is called Lumen or XLM. Owing to its relative age compared to newer platforms, Stellar has had a chance to enter adoption into quite a number of online gambling sites. See Top Stellar casinos
Ripple technically refers to the blockchain platform supporting much more than just cryptocurrencies. For a cryptocurrency gambling site though, you’ll be using the platform’s native currency called XRC. See the Best Ripple casinos
TRON is another cryptocurrency launched within the last decade, with its aim being to eliminate the middle man when sharing content and entertainment. See all TRON casinos
ChainLink Casinos Summary
ChainLink casinos are slowly but surely permeating the online casino world, and users can expect to find more and more of these on the internet as cryptocurrencies continue to become more popular. Easy to use and incredibly safe, we’d totally recommend checking it out.
ChainLink is a type of cryptocurrency originally created to bridge the gap between smart contracts and information derived from centralised sources. Today, the currency is also being used for gambling.
The best LINK casinos are those which are legally licensed to operate. Some of the best ones are listed in our Top List above.
Transactions using LINK tokens are usually instantaneous.
This depends on where you are playing from. The majority of European countries, as well as some countries in Asia and Africa, do not have an issue with players gambling using cryptocurrencies, including ChainLink. In the UK, however, the practice is illegal.
So long as you opt for a legal and licensed casino, then gambling using ChainLink is actually safer than when using the majority of other payment methods.
Online casinos do not usually charge players for making transactions using LINK tokens. Nevertheless, there is usually a small fee to pay when buying or selling cryptocurrencies.
Yes, most casinos will still award you your bonus. It’s good to note, however, that numerous LINK casinos will exchange your ChainLink for a fiat currency once you make a deposit.
This depends entirely on the casino in question. Nevertheless, because most casinos exchange your ChainLink to a fiat currency upon making a deposit, withdrawing using another method shouldn’t be too much of an issue.