pachinko gambling EOS Casinos 2023

Cryptocurrency is gaining in popularity around the globe, especially in the US as well as in Canada. As more people feel increasingly comfortable with the concept of digital currencies, many are becoming more sophisticated on the topic and asking what cryptocurrencies are good investments other than Bitcoin.

On this page, we'll talk a bit about EOS, which is considered an up-and-coming cryptocurrency. It is often compared to Ethereum in terms of its potential to disrupt the scene. Of course, other than just holding the asset, many of our readers will also want to know where to spend EOS.

While Bitcoin is now accepted at a lot of online casinos, EOS is still a bit of an outlier beyond the investor space. And although there are some crypto casinos that let you bank in EOS, they are not numerous. We will talk more about gambling in EOS and answer some of the questions you might have.

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The reality is that EOS is still not a major player like Bitcoin, Ethereum, or Litecoin in the world of online gaming. While EOS is recognized in the crypto investment space, this blockchain-based and decentralized platform is still in its relative infancy when it comes to the gaming industry. But with its growing appeal and solid performance, that could very well change.

In the meantime, there are a number of online casinos that do work with EOS, and from our findings, the results are positive. So long as the casino has fair banking terms, tight security, and a user-friendly wallet - which we expect for any currency - EOS makes for a great option when available.

Contents

What Is EOS?

To gain a better understanding of EOS casinos, let's start by defining our terms. EOS is actually a blockchain-based decentralized operating system. EOS coin is the more accurate term when we're discussing currencies, and is the official token of the EOS network known as EOSIO. The company that maintains the EOS software is block.one. It has offices in major cities around the world and holds 10% of the network's coins.

For simplicity's sake, when we refer to EOS casinos or EOS gambling, we are referring to those casinos that accept EOS coins, and not those run on the EOSIO platform.

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Now that we've clarified our terms, let's dig a bit deeper a take a look at the history. EOS launched in July 2017. It was the brainchild of Dan Larrimer, who also developed the social blockchain Steem. Dan founded EOS alongside the company's CEO Brendan Blumer, who's been working in virtual assets and gaming since he was 15.

After its launch, EOS then went on to run a year-long ICO (initial coin offering) that generated more than $4 billion in investment. Today, the EOS token is well established in some countries. It is also sometimes referred to as the fiercest Ethereum competitor as the two digital coins are quite similar in nature and appeal.

One of the great features is that the token specializes in DApps - i.e. decentralized applications - which essentially makes it more scalable than its main competitor Ethereum in particular.

It is also built to accommodate more transactions per second, ranging in the thousands, as opposed to Ethereum which ranges around the 15 transaction mark. This makes it interesting for other industries besides online gambling and not least for crypto trading.

Plus, EOS is what is called a utility token, which means it is not mined like Bitcoin; rather it is traded for resources like storage and bandwidth. And most importantly for many, EOS transactions are absolutely free.

All of these factors bode well for using EOS in your casino wallet or account. And we can say that we're actually quite excited to see to what extent the EOS token will establish itself as a means of payment in online crypto casinos.

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As mentioned, not all online crypto casinos work with EOS yet. But there are a number of establishments that allow Canadian players to add EOS to their casino wallet so they can bank and bet in EOS. While we are able to make a number of EOS casino recommendations, it is always good to check when you register at a new online casino to see if EOS is an accepted payment method if you plan to use it to fund your bankroll.

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When it comes to online gambling, cryptocurrency functions like fiat currency, to an extent. That is, if you are familiar with the cashier process, it won't be entirely new. The steps will simply be slightly different.

So how does it work? If you would like to deposit in EOS coins:

• Step 1: Create a casino account.
• Step 2: Go to the casino's cashier or wallet and choose EOS from the list of payment options.
• Step 3: Enter the number of EOS coins you would like to transfer to your casino account.
• Step 4: Either enter the casino's crypto wallet address or scan the QR code you'll see onscreen to move the coins to your casino account.
• Step 5: You'll need to confirm the transaction, and then within less than 5 minutes (or in casino terms, instantly), you should see the coins in your casino account which you can then use to play.

Making an EOS withdrawal works in exactly the same manner. You'll just need to provide your wallet's address instead of the casino's when processing the transaction, so that the funds land up in the right place.

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If you already have EOS coins, the above banking process is smooth sailing. And if you don't yet have EOS, but want to gamble in EOS coins, it's actually quite easy to buy them.

In fact, many online casinos that work with digital currencies provide a direct link from the wallet/cashier that allows you to buy cryptocurrency. If not, you can easily go and get yourself some EOS coins from any number of trusted exchanges.

Some of the ones you might consider include:

• Coinbase
• Binance
• Exodus

If there is a different exchange that works with EOS markets that you prefer, or has been recommended to you by a friend or colleague, then of course, you can use that as well.

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There are a number of clear advantages to gambling in cryptocurrencies in general, rather than traditional currencies. And those general benefits translate to EOS gambling as well.

For example, one of the biggest benefits players appreciate is the higher limits with deposits and withdrawals. If you are using EOS as a payment method you will usually be entitled to much higher limits for both deposits and withdrawals. In many cases, there will be no limits at all, which is a huge advantage since it means you can withdraw as much money as you like at one time, any time you please.

The security levels and mechanisms in place also make it hacker-proof. In addition, cryptocurrencies have the anonymity factor, which makes all transactions completely untraceable for protecting privacy. The anonymity factor doesn't always translate fully to online casinos though, because you will usually have to verify your account before you withdraw any significant amounts.

But besides the general crypto benefits, EOS offers a few distinct advantages of its own.

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In a nutshell these are the key EOS advantages:

• No fees - You incur no cost when buying or selling EOS coins
• Extremely fast transactions - The platform can easily accommodate 1000s of transactions per second, which makes it one of the fastest blockchains around
• User-friendly block.one platform- Backed by experienced developers and operators worldwide
• Available in all countries
• Exceptionally high scalability
• Decentralization in all industries thanks to DApps
• Utility tokens - Takes care of your bandwidth and storage issues

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Every currency has its advantages and disadvantages, and this wouldn't be a complete review without addressing the potential downsides of EOS as well.

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The main EOS disadvantages are:

• Availability - So far EOS is available in a limited number of crypto casinos
• Fluctuating value - Like all cryptocurrencies, it may be subject to sometimes erratic changes in value

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Just to clarify the first point: while it is true that EOS is not available at all crypto casinos the way Bitcoin is, the number of EOS casinos is growing, especially as the EOS features improve and the coin increases in popularity.

As for the fluctuating value, this is something that affects all digital currencies, and since its inception, EOS has actually been relatively stable. That being said, price fluctuation is something you should always keep in mind when investing in EOS or any crypto currency for that matter.

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When you live in Canada, it's pretty obvious you'll base your life around Canadian dollars. But if you want to diversify, it's a little more complex. Some people like to buy US dollars because, well America is our neighbour, and we can easily spend our USD. Not to mention USD is a base of comparison for most fiat currencies. Euros are also popular with many, as they're a widely accepted currency.

When it comes to choosing a crypto currency, however, the choice can be more daunting. Bitcoin is an obvious choice for many in search of a decentralized currency. Or at least it was. Though bitcoin is undeniably the best-known crypto currency on the market – and for some that reads safe, its entry point has flown up beyond many peoples' financial reach. Other options have thus become increasingly popular.

How to choose between them is a matter of personal preference and often simply gut instinct. But there are comparisons that can be made to help you out.

EOS, for example, is most often compared to Ethereum in how it works. But it is better in a number of key ways including:

• Significantly higher transaction speed
• Led by only 21 validators (Ethereum has 6700)
• Proof-of-stake instead of proof-of-work algorithm
• Transactions are cheaper (actually free!) which gives you more value

On the flip side, if you are looking to acquire EOS for casino gambling specifically, then Ethereum and a handful of other crypto currencies have broader acceptance.

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There are a few things to take into account when joining any online casino, including one where you can pay in EOS.

1. First of all, it is extremely important that the casino is licensed and registered. Most online crypto casinos that we've reviewed come under Curacao licensing and regulation, which holds them to a high standard in terms of the level of safety and protection they afford you as a player.
2. Second, while one of the benefits of EOS gambling is that there are often no maximum limits on your deposits and withdrawals, any online casino that cares about its players' safety will offer you ways to limit your gambling if you want. So make sure to check that the casino has gambling control tools like deposit limits or loss limits available, which can help you keep your gambling safe.
3. And third, while anonymity is great and a big benefit of EOS gambling, a reputable online casino will always request identify verification when you go to make your first withdrawal, especially if it is for a large sum. This is not an invasion of your privacy, rather a step you want them to take to ensure it is you – and not someone else –  claiming your cash. In other words, account verification is a sign of a serious operator that actually protects its patrons.

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Some crypto casinos we've reviewed have dedicated sections clearly marked as crypto games. That means you can gamble on these specific games with your crypto cash.

Oshi Casino has an entire section dedicated to crypto gambling. Unfotunately, gambling with EOS is not yet possible. More Less

Other online casinos, which convert your EOS to a fiat currency require no such thing, and instead you can wager on any and all of the games in a fiat currency at your EOS value.

In general, whichever way the casino works you will be able to bet on all game categories including:

• Slots
• Live casino games
• Blackjack
• Roulette
• Table and card games
• And even in some case sports

Or put more simply, if you want to gamble in EOS, you don't have to worry about game variety. All game types, and most game titles, will be open to you so long as EOS is an accepted currency at the casino.

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Although there are still only a few options for using EOS as a means of payment in casinos the trend is moving more and more towards digital currencies. And due to the comparatively low exchange rate, it can be worthwhile to buy in on EOS now, so you'll be ready.

Additionally, for a positive EOS experience, we recommend that you:

1. Read EOS casino reviews and find out about the advantages and disadvantages of any particular casino you are considering joining
2. Buy EOS only from a reputable exchange
3. Set your own payment limits, as EOS casinos are mostly unlimited
4. Note the casino's banking fees, in case they charge a fee for transactions.

EOS Casino FAQ

While Bitcoin is seemingly on everyone's lips in every imaginable industry these days, you may not have heard of EOS at all. This is certainly the case for many customers in crypto casinos who, while experienced in the online gaming banking format, do not yet know what this token is about. To familiarise yourself a bit, we recommend having a read through some of Canadian players most common EOS questions and our answers to them.

1. Can I play anonymously at an EOS casino?
2. Are there online casinos that offer EOS bonuses?
3. Is EOS a safe cryptocurrency?
4. Which EOS casinos are trustworthy?
5. Are EOS casino payments free?
6. What is EOS worth?
7. Is EOS as good as ethereum?
8. Which EOS alternatives should I consider?

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1.) Can I play anonymously at an EOS casino?

While cryptocurrencies are renowned for the level of anonymity they provide, it's not 100% the case when it comes to online gambling. That's because when you sign up at a casino, you will have to provide personal data such as your name, address, and email.

Further information is then required for banking transactions, particularly withdrawals, as part of the account verification process which is required by the casino's licensor and local regulations in order to allocate prizes.

That being said, some of the top crypto casinos like Stake and Roobet have a very simple registration procedure where it only requires your email address and a username. If you're withdrawing just small amounts, the account verification process can even be skipped. However, if you're cashing out large amounts, then you will have to complete verification. This is for players' safety too, as you wouldn't want someone else walking out with your fortune!

2.) Are there online casinos that offer EOS bonuses?

Yes, of course there are online casinos that offer EOS bonuses, though not all online casinos offer match deposit bonuses for cryptocurrency. You need to check when you sign up at an online casino what type of bonus offers it has and if these bonuses apply equally to EOS and cash.

For example, at Stake Casino there isn't a standard welcome bonus that's typical of online casinos. Instead, it offers a menu of different promotions to choose from when players make their deposit, whether it's their first or 50th one. New players and returning players both have access to the same awesome promos. This is common at crypto casinos. You shouldn't be discouraged if you don't see a welcome bonus because these offers can be really excellent!

3.) Is EOS a safe cryptocurrency?

EOS is definitely considered a secure cryptocurrency. More than that, the developers of the EOS blockchain are committed to continually doing everything possible to close any security gaps that evolve for the best possible protection at all times. Whenever a hacking attack threatens, EOS starts a reset and chooses an earlier recovery time in order to reduce the dangers to a minimum.

Those who want even more security for their EOS tokens can save them on what is called a hard wallet, for example a hard drive or a USB stick. But even then you will need to ensure that the hardware is not misplaced or destroyed.

Comparatively speaking, as a payment method at an online casino, EOS is just as secure as Bitcoin and Ethereum and even Canadian dollars.  Security is also reliant on the casino's own measures, so you need to make sure that you only bank at casinos with strong encryption and coding tactics in place.

4.) Which EOS casinos are trustworthy?

Your best bet for finding a trustworthy EOS casino is to look for a longstanding casino; that is one that's been online for a number of years and has the experience, and user reviews, to back it up. True, there are some new crypto casinos that are trustworthy from the get-go. One of the telltale signs starts with licensing and regulation. So make sure whichever operator you choose, that it has at least that. For help, we recommend looking at the top EOS casinos we listed further up this page to get started.

5.) Are EOS casino payments free?

One of the biggest benefits of choosing EOS over its competitors is the fact that there are no transaction fees with this cryptocurrency. This is precisely what speaks in favour of choosing EOS tokens over others. Unfortunately, the selection of EOS casinos available is somewhat limited. As that likely changes in the next few years, the EOS blockchain will probably become more important for gamers in particular. After all, with free transactions, you can save a lot of costs especially if you're making frequent deposits and withdrawals.

Keep in mind, if you do see a casino fee associated with EOS, you should know that it is being charged on the casino operator's end, and not by EOS.IO itself.

6.) What is EOS worth?

This is the million-dollar question. Like all digital currencies, its valuation fluctuates, so we can't give you an answer that will stand the test of time. You need to look up the real-time exchange rate for that. But just to give you an idea, the EOS to CAD exchange rate in April and May 2021 has floated in the range of 1 EOS to $7 – 8 Canadian.

Many industry experts consider EOS one of the more stable cryptocurrencies, with less dramatic fluctuations. Maybe that's not as good for making a killing in the market, but it is more sound for those of us who want to use EOS as a form of actual currency, i.e. paying for things.

7.) Is EOS as good as ethereum?

EOS is most often compared to Ethereum, if not seen as a replacement. In terms of scaling and transaction times, EOS is a lot better than the ETH token. When it comes to security, investors and ultimately casino customers benefit from these higher standards. The disadvantage, of course, is that to-date there are only a few providers who offer EOS as a means of payment. So in this respect, Ethereum has the edge.

8.) Which EOS alternatives should I consider?

It is important to point out that although EOS is not yet accepted by most online casinos, it says nothing about the reliability of the EOS coin. In our opinion, it is only a matter of time until EOS is more broadly accepted. If, however, you're looking for a more widely accepted cryptocurrency for online casino payments you may want to consider Ethereum, Bitcoin, Litecoin, or Bitcoin Cash.

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Crypto gaming is making incredible leaps in today's market, with more and more players choosing cryptocurrencies as their preferred payment method. This is true in Canada as much as on the world stage.

The reality is, EOS is still less popular than Bitcoin and other digital currencies. However, the prognosis for the coin is very good - especially in light of the many advantages outlined above. This is particularly relevant in terms of its completely free and super-fast transactions, both of which are highly beneficial to online casino players.

As such, we will continue to see more operators enter the crypto arena and add more options. And with the strengths EOS coins offers, it is only a matter of time before EOS becomes a more widely available online casino banking method as well.

In the meantime, you can play at any of our recommended EOS casinos, a list we look forward to updating regularly as the format grows and EOS coins gain in popularity and prevalence.

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