EOS was launched in 2018 and it ranks as the main competitor of Ethereum. It caters to both customers and programmers thanks to its lighting fast payments and scalable blockchain. You’ll need EOS tokens to make payments on the EOS.io platform and subsequently play at online casinos accepting the currency.
The EOS cryptocurrency was designed to help create various decentralized apps, and casino platforms have been a beneficiary of this. Our team has set up this guide to help you get started with EOS casinos in Australia.
Australian Online Casinos That Accept EOS Payments
No matter the guide we create, which in this case focuses on EOS online casinos for Australians, we never direct readers to platforms we are not confident about. Several crypto casinos launched and claim to be secure and trustworthy, but few live up to their claims. Our team has found 30+ EOS online casinos open to Australians, but only the listed operators are licensed, and legit, and cater to all gambling players via great bonuses and games. You can confidently join any of these and start betting today.
EOS Casinos Overview
EOS is one of the most secure cryptocurrencies worldwide, thanks to its peer2peer network. Several other users must confirm a transaction until it is processed and validated, without this downplaying its speed.
The EOS tokens work similarly to ETH, but they are fee free. That’s because EOS transactions do not require mining to be processed.
Although this is all great, and EOS carries similar benefits to other crypto casinos – no need for banks, lack of fees, speed, and transparency – it isn’t as popular as Bitcoin, Tron, and Monero. This can make it a real drag to find an EOS casino on your own.
How to Use EOS at Online Casinos
To get started with EOS gambling, you must first pick one of the few provably fair casinos that support it. You can spot them right on this page.
Signing up at the online casino is the first step of the process. Hit the join now button and key in your username, email, password, DOB, address, etc.
If you have yet to purchase EOS, you’ll need to get an account on a reputable crypto exchange like Kraken or Coinbase. There, you can buy EOS coins via cards or banks.
Switch back to the EOS casino and click on the banking department. Select the EOS currency, enter the amount you wish to deposit and include your wallet address. The payment should be posted instantly.
As with any other legit crypto coins, EOS casino withdrawals are also viable. Follow the same process as above and you will get your funds as soon as the casino processes your request. The EOS blockchain network claims to process 100,000 transactions per second, so you are in good hands.
Safety Remains a Priority
It’s important to note that game outcomes will always be verifiable and transparent, a vital component of blockchain technology as a whole. This helps mitigate manipulations and improves trust within the community.
Of course, to truly achieve safety standards that can be recognized on a broader scale, licensing and regulation have to be a part of the conversation as well. EOS also promotes a community feedback system to help make swift improvements where needed. You will also find that the benefits of blockchain security and transparency support the legitimacy of EOS casino outcomes.
By creating a more fair and transparent way to participate in your favourite pokies, players can feel safe in their decision-making and reap the long-term benefits. Although EOS and cryptocurrency in gambling have a bright future ahead, this doesn’t mean there aren’t some inherent challenges.
Potential Challenges
While many of these points aren’t deal breakers by any means, it’s helpful to look at the project from all sides. Aside from being among thousands of other cryptocurrencies, this is a market that demands adaptation at a moment’s notice. However, EOS is actively expanding to more online casinos that work with cryptocurrency as it becomes more of a norm in the industry.
Education is also still a big factor, as there are many people who haven’t caught up to the reasoning or upside of using cryptocurrency. Nevertheless, EOS is a growing project with a lot in store for people in the online casino world in Australia.
Even with a somewhat limited presence in the market, EOS is being seen as one of the most profitable tokens to make use of. Its upward potential in investment value and collaborative approach to the online casino space is a win-win for your gambling.
Leveraging EOS to Your Advantage
When you consider the overall value of EOS combined with the bonuses and offers found in online casinos, the earning potential is expansive. If you’re gambling your cards right, figuratively speaking, EOS can help to drive earnings in more ways than one.
Players in EOS online casinos should consider taking advantage of various promotional offers:
- EOS-specific promotions.
- Free spins.
- Welcome bonuses.
- Casinos with low entry requirements.
These are only just a few examples of what’s possible, and it’s safe to say the ecosystem behind EOS will only increase the incentive as time goes on. Although there’s plenty to be excited about, leveraging EOS or any cryptocurrency means navigating market volatility.
For those who are new to the world of crypto, its value changes on a consistent basis. With EOS projects being on the upside and numerous benefits to using it in online casinos, there isn’t much to worry about outside of keeping an eye on the market. Using cryptocurrency in online casinos isn’t necessarily a new idea, but it’s still being adopted on a wider scale. With the right education, you’ll start to see why so many people prefer to use EOS over traditional currency.
Summary
There you have it! An EOS casino guide for beginners. If you follow our steps and recommendations you can begin gambling at provably fair casinos with EOS tokens in minutes. Cashing out is equally fast, and you can relax knowing that the EOS blockchain is among the most legitimate ones.
FAQ
How secure are EOS online casinos?
Between the crypto token itself and the online casinos that take it as a form of payment, you have numerous security layers involved. A lot of this stems from the underlying blockchain tech. Any transaction on the EOS network requires multiple confirmations before it can go through. This helps to ensure that no one person can manipulate the transaction.
Regarding the online casinos themselves, this comes with SSL encryption, two-factor authentication, and your own login credentials. Even more, security when you’re using an e-wallet, as these are notorious for robust security measures. In short, the EOS blockchain platform makes it more than safe to use the token with online casinos.
Which EOS casinos offer the best bonuses?
The answer to this question will vary over time as bonuses and promo offers are always changing. Platforms like Stake and BetFury are known to be big supporters of EOS, and lean into specific bonuses from time to time. Another good example of this would be BC.Game, who can also be generous with their bonuses.
Finding the most valuable promo offers takes a little digging. Once you find a few casinos that are consistent with bonuses and game selection, all you have to do is periodically check in so you don’t miss out. When you do find a bonus you like, always read the fine print in the terms and conditions. This is especially true if there are any details related specifically to EOS wagering.
How fast are EOS casino withdrawals?
Transaction speeds using EOS can be pretty hard to beat. The EOS blockchain can easily handle up to 100,000 transactions per second, so it’s not like you’re going to run into much of a delay. In most cases, the longest you’ll ever have to wait is just a few minutes. However, it’s important to note that the casino’s internal approval system plays a part in this as well.
Using cryptocurrency ensures you can keep up the pace with your betting, no matter what you’re in the middle of. Although true withdrawal times will still vary a bit, you won’t notice much of a difference, if any at all. Internal security checks, verification, and transaction amount can also play a factor in the withdrawal time. Always remember to be patient, but rest assured, EOS casino withdrawals are surprisingly fast on a consistent basis.
How to identify legitimate EOS casinos?
This requires a bit of due diligence, but it isn’t too hard to figure out if you know what you’re looking for. Your first step would be to look for official licensing and a standing reputation with regulatory authorities. The who and what of this might look different, but any reputable online casino should have up-to-date licensing.
What this tells you is that they follow strict regulations, as well as go through regular audits, and prioritise gambling safety. The fact that they work with EOS is just an added bonus layer of security and peace of mind. Other factors you want to look for include SSL encryption, 2FA features, and any positive feedback or reviews you can find about the platform. Even better if you can find comments specific to their experience using EOS.
Can I play EOS casinos on mobile?
You would actually be surprised how well EOS casinos work on mobile devices. This includes tablets too, as many of these casinos optimise their UI specifically for mobile compatibility. You get the same responsiveness of the full website, with the ease of use and a similar feel to an application. It can seamlessly adapt to various screen sizes without getting distorted, and you don’t have to worry about what OS you’re running.
You also shouldn’t be limited in the features you have access to either. That means players can place their bets, initiate withdrawals, and select any game they’d like. It’s a level of flexibility that’s hard to beat, especially when you consider the efficiency that EOS payments offer. With this combination, you, your money, and your personal data remain secure no matter how fast you’re placing bets.
Can Australians legally play at EOS online casinos?
If you’re an Australian player and you’re worried about legal access, there’s no need to get ahead of yourself. Every player in Australia can play all of the pokies they want while legally using EOS online casinos. The only caveat here is that the platform you’re gambling on must be lawfully licensed and operate within their regulations. If you come across an online casino and you can’t confirm this, it’s best to look elsewhere.
Offshore platforms are always an option, but it’s an unnecessary risk you don’t have to take. There are more than enough EOS casinos that provide lawful access to gambling players in Australia. Another small detail to consider is the tax considerations that might be tied to your cryptocurrency. As long as you can keep an eye on your transactions and play in a lawful environment, then you’re good to go.
What benefits do EOS online casinos offer?
There are quite a few benefits to using EOS online casinos over traditional payment methods. For starters, you get the benefits of blockchain technology, which has proven to be one of the best ways to handle transactions. You also get more flexibility with where you spend your money, and you don’t have to worry about a bank locking down your funds.
Another thing that helps here is the transparency and security behind every transaction. It’s essentially unmatched, and every dollar is verifiable and tamper-proof. Compatibility is a big one here, as EOS online casinos make the entire experience more enjoyable.
From mobile compatibility to quicker transfers and easier integration with better security, it’s hard to overlook. Although cryptocurrency is still a growing idea in the world of online casinos, it’s becoming the payment method of choice for millions of players. The list of benefits behind EOS online casinos is only going to get better as bonuses, integrations, and features continue to expand.
- Explore the Thrills of Bush Telegraph Pokie - 29.02.2024
- Break da Bank Review - 17.12.2023
- Black Diamond Pokie - 16.12.2023
