EOS Gambling – Best Casino Sites With EOS to Register on in 2022
EOS casinos are gambling sites that allow you to deposit, withdraw and play your favourite games using the EOS cryptocurrency.
- Top EOS Casinos to Play at for Real Money in 2022
- EOS Cryptocurrency Explained
- EOS Gambling – How Does It Work?
- EOS Gambling dApps
- EOS Casino Payments – Deposits and Withdrawals
- EOS Casinos – Licensing & Security
- EOS Games & Software Providers
- Pros & Cons of EOS Casinos
- Alternatives to EOS Casinos
- Summary – Is It Worth Playing at EOS Casinos?
- EOS FAQs
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EOS Cryptocurrency Explained
EOS is one of the most popular cryptocurrencies in the world. Launched in June 2018, it is currently occupying the 23rd spot on CoinMarketCap.
The EOS project was designed to offer users and developers a performant, scalable blockchain and lightning-fast transactions.
There are two main components to their ecosystem: the EOS.io platform, which functions similarly to a Windows or iOS operating system, and the EOS tokens which people use to make transactions amongst each other or pay for goods and services.
Due to the nature of the EOS system and decentralised infrastructure, its blockchain is widely used to host a variety of commercial scale dApps (decentralised applications), such as gaming platforms.
If all of the above sounds complicated, don’t worry. Here’s a beginner-friendly EOS guide that gets down to the basics:
EOS Gambling – How Does It Work?
EOS has a very low block confirmation time and offers secure authentication, making it perfect for peer-to-peer use and for gambling purposes.
Its main competitor is Ethereum, another player-favourite crypto accepted at a wide range of casinos worldwide.
However, as opposed to Ethereum, EOS users don’t have to pay any fees since there are no miners involved to validate transactions. There are no charges for the users of the network as long as they are holders of EOS tokens, as EOS uses a proof-of-stake model versus Ethereum’s proof-of-work.
EOS claims to handle over 100 000 transactions per second, making it ideal for gamblers who want fast, confidential and convenient deposits and withdrawals.
Since EOS was designed specifically to facilitate the creation of dApps and connect them to the internet, there are a number of decentralised casinos and gambling dApps built on its blockchain, such as Eosreel.io.
How to Get Started With EOS Gambling
Although EOS is not as popular as other cryptos with a larger market cap such as Bitcoin and Ethereum, it has still managed to attract a niche, tight-knit community of gamblers.
If you want to get started with EOS gambling, you’ll be pleased to know there are quite a few provably fair casinos and decentralised platforms that allow you to play using EOS tokens in a secure environment.
Here’s what you need to do:
- Go to a trustworthy crypto exchange (Binance/Coinbase/Kraken).
- Acquire EOS tokens (you can pay with a credit/debit card or bank transfer).
- Register on an EOS casino with your name and a valid email address.
- Choose from popular crypto games like dice, keno, roulette or slots.
Just like any other cryptcurrency, you need a safe wallet to store your EOS tokens after acquiring them from a trusted exchange like Binance, Kraken or Huobi Global.
Depending on your preferences and security concerns, you can go for hardware or online wallets that keep you in control of your private keys. These will allow you to quickly send and receive EOS tokens.
You can also use secure web apps connected to hardware wallets, such as Ledger Nano or My EOS Wallet to store your coins.
Since EOS is such a gambler favourite, many casinos will also integrate their platforms with in-browser EOS wallets to facilitate transactions.
EOS Gambling dApps
There are over 300 EOS gambling dAppsavailable in 2021, with a growing number of users and thousands of dollars in active player balances.
The most notable ones by volume, userbase, activity and player balances are Sportsbet.one, Bethash, Bet Spider, TrustDice and EOSReel.io.
As you've probably guessed from their names, the vast majority are decentralised platforms on the EOS blockchain that offer a variety of dice games, alongside poker, blackjack, baccarat or sports-betting.
EOS gambling dApps are insanely popular. In fact, according to an annual market report, they surpassed both Ethereum and Tron in 2019, generating a volume of $5 billion.
They also have one of the highest rates of activity and player engagement, with 479 out of 493 users active in 2019 – roughly 97% of the total.
EOS Casino Payments – Deposits and Withdrawals
Transferring EOS tokens is made very easy by most EOS casinos.
Because many of them are integrated with popular EOS wallets by default, all you need to do to make a deposit is connect your wallet, specify the receiver account or the casinos’ deposit address, select the token symbol and amount, then confirm. Transactions are instant, allowing you to start gambling straight away.
Withdrawals can be made in the same way. As you won't have to wait for any miners to process and validate your transaction, you’ll be in possession of your funds in minutes instead of hours.
EOS Casinos – Licensing & Security
There is an important distinction between EOS casinos and EOS gambling sites we need to make clear to help you better decide where you should play.
The number of EOS casinos is fairly small, including the likes of Earnbet.io and 1xBit. These are private, licensed operators, most commonly in Curaçao, that offer various casino games – dice, blackjack, baccarat, sports betting, and so on.
EOS gambling sites, on the other hand, are decentralised gaming platforms, with a large part of them being built directly on the EOS blockchain. The fact that they are not controlled by a single private entity can come with both perks and security concerns.
Some of the most important benefits is that they offer provably fair games and transparent algorithms to determine winners.
Many of these websites that offer EOS gambling will have dedicated pages where they explain their software and allow anyone to run it to check its fairness (some great examples of transparency in this regard are Earnbet and Bethash).
Some tools to guarantee fairness are the use of the blockchain itself, as well as RNG technology, seed numbers, unique IDs that correspond to player bets, private keys, signatures and smart contracts.
However, since these EOS gambling sites are not regulated by a standard licensing authority like MGA or UKGC, tread with caution. Some of the measures you can take are verifying their software, looking up their reputation online, carrying out a test game session, and trying to contact customer support.
EOS Games & Software Providers
We should mention that the number of games available at EOS casinos is generally lower than what a standard casino offers.
For the most part, EOS gambling sites offer provably fair games using smart contracts. Some of the most popular games you can find are EOS lottery, EOS slots, EOS blackjack, EOS dice, EOS roulette, alongside rarer game types like crash and hilo.
A hallmark of most crypto games, including those found at EOS casinos, is that they have very low house edge – some even take it down to only 0.5% for most of their titles.
Apart from all this, the best EOS casinos implement a dividend system in which players who stake on the platform get a fraction of the casino’s profit proportionate with their stake points. Operators such as Earnbet and Bethash currently offer this facility.
However, if what you’re looking for is an experience similar to a standard casino, but with the added convenience, speed and security of EOS gambling, your best bet is to register on Stake.com. It’s one of the few EOS casinos that offers online slots and table games from known providers like Betsoft, Endorphina, Evoplay, Microgaming or Nolimit City.
Pros & Cons of EOS Casinos
Should you play at EOS casinos? Or should you better look into more established options like Bitcoin or Ethereum Casinos? Let’s weigh up the pros and cons below:
- Hundreds of gambling dApps are issued on the EOS blockchain
- EOS casinos offer fast deposits and cash outs
- Decentralisation and verifiable software
- Transactions with no fees
- They host provably fair games (dice, lottery, poker, blackjack)
- EOS is a trusted blockchain with increased scalability, speed and security
- There are not many EOS casinos to choose from
- Many EOS casinos don’t have games from known providers (NetEnt, Novomatic)
- Some websites that offer EOS gambling are unlicensed
- Price fluctuations of the EOS tokens
Alternatives to EOS Casinos
If you’re a digital currency enthusiast and want to expand your gambling options, the closest cryptocoin casinos you can go for are Bitcoin gambling sites, Ethereum gambling sites, Litecoin casinos and Stellar casinos.
Since these are the oldest, most well-established and largest cryptos by market cap, you should have no issue finding dozens of trusted operators who accept them as payment methods.
If you want complete anonymity and untraceable transactions, Monero casinos are an inspired choice, too.
And, if you’re looking for reputable operators that allow you to juggle between dozens of different cryptos on a single platform (ETH, BTC, Doge, LTC, USDT, ADA), you can also sign up to BitStarz, FortuneJack, Bitcasino or mBitcasino.
Summary – Is It Worth Playing at EOS Casinos?
EOS casinos definitely offer some distinct perks you can’t easily find anywhere else, such as fast transactions with no fees, dozens of provably fair games with a low house edge, and hundreds of dApps to browse through.
EOS casinos also give players a chance to split the profit if they stake their tokens and access to VIP programmes with exclusive bonuses.
One of the only downsides we can identify is that the number of EOS casinos is small, so you will have very limited options and subsequently a harder time finding the right platform or game offer for your taste.
Additionally, since EOS is not a stablecoin, its value can greatly fluctuate with the market moves – that means if you keep your gambling funds in EOS at all times, your balance can both rise and drop unexpectedly.
Yes. There are plenty of licensed casinos and decentralised gambling platforms that accept EOS for deposits and withdrawals.
Not all of them, which is why there are some aspects to look into to determine their security levels – if they are licensed, offer provably fair games, VIP perks, bonuses and responsive customer support.
If you reside in a country where the use of cryptocurrency is banned (e.g. Turkey, Bolivia, Nepal), you won’t be able to play at EOS casinos. If the opposite is true, you should have no issue registering.
They are decentralised applications built on the EOS blockchain.
Many EOS casinos offer welcome bonuses paid in BTC, free spins, through cashbacks, jackpots, access to prize tournaments and VIP perks. Some even reward players who stake on the platform with dividends (or a share of the casino’s profit).
You can buy EOS tokens on various trusted crypto exchanges such as Binance, Coinbase or Kraken.
Some great picks would be Earnbet.io, Bc.Game and Stake.com, but there are others to choose from in our table above, too.
Unfortunately for privacy-seeking players, most EOS casinos we’ve analysed require personal information at registration (name, valid email address etc.). However, some EOS gambling dApps allow you to deposit and play without passing any KYC procedures.
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