The crytocurrency Tezos (XTZ) was first developed in 2014, but not officially released until 2018. It is a prominent altcoin that is offered at numerous cryptocurrency casinos. There are a lot of factors to think about before you want to start betting with XTZ casinos.
Read on for the lowdown on playing securely and safely with Tezos at online casinos.
Top Tezos Casinos List (November 2022)
To help you out, we’ve created a list of the best XTZ casinos out there. You can check out this list and choose where to play.
Choosing the best Tezos casino
When you bet with XTZ, you typically get faster payouts, increased wagering/deposit/withdrawals limits, and a wide choice of casino slots and games. But how do you choose the best Tezos casino? We use specific criteria to rate our top sites, and you should use these criteria too.
So, before you sign up or make a deposit at an online Tezos casino site, consider these factors:
- Security and safety: Top XTZ sites hold a license ensuring an additional level of security. Sites should also be protected using SSL encryption, so your data can’t be accessed.
- Reliability and payout speed: The best cryptocurrency casinos pay promptly.
- Game Selection: Make sure they have the type of games you’re interested in. If you intend to play live dealer games, for example, ensure the casino offers them.
- Customer service: It is preferable to play at casinos that provide live chat, email or telephone support.
- Promotions/bonuses: The strength of promotions varies greatly from casino to casino. Check out the available bonuses and promotions on the casino site and compare them to other sites.
Making a deposit at a Tezos casino
Purchasing and sending Tezos from your crypto exchange to a casino account typically takes no more than half an hour, and is often far quicker. To make an XTZ deposit, you will need to have a wallet address. You will always be able to find this address. It will normally be in a section named wallet, cashier, or sometimes, banking.
Begin a transaction in your wallet/exchange once you have this address. Then, copy the address and paste it, and then add the amount you want to deposit when prompted.
Prior to confirming the deposit, make sure the casino’s address can definitely accept XTZ. This is essential, as you may lose money if you send to an address that cannot accept Tezos.
Deposit fees are rarely charged by cryptocurrency casinos. But the exchange or crypto wallet may well take a fee. This might be called a gas, or transaction, fee. These costs are low and usually equate to a few cents. The majority of XTZ-accepting crypto casinos do not impose a minimum limit on deposits unless there are conditions for qualifying for a deposit bonus or welcome bonus.
To withdraw winnings in Tezos from a crypto casino, all you’ll need is your own wallet address. You can get this by opening the exchange and clicking ‘receive.’ Paste this address into the casino banking area, and add the amount you wish to withdraw into the section provided.
Although cryptocurrency transactions are known to be quick, it’s not uncommon for casinos to choose to delay your request for authentication reasons. This might occur if the desired withdrawal sum is quite substantial and if many withdrawal requests happen in a brief span of time. It can sometimes happen because the casino needs additional time to convert the funds themselves. Even if this does happen, a hold typically delays things by no more than a day.
It is also possible to withdraw in XTZ, but then exchange it for fiat currencies such as USD, GBP or EUR. You can also withdraw XTZ into a wallet designed for long-term saving. With an excellent outlook for this crypto, a long-term view is not a bad thing.
If you trade on Binance US, you can withdraw the Tezos to your Binance Visa card. By doing this you can use your cryptocurrency for immediate purchases.
Casino games available
Tezos casinos host many of the casino games that you will find at a regular online casino. However, the number and variety can differ across sites. With XTZ, you may play almost any casino game, including slots. You can also play popular table games like blackjack, poker, and roulette. These are often available in video and live mode.
Games available at XTZ crypto casinos include:
- Classic slots
- Live dealer games
- Progressive jackpot slots
- Video Poker
It is common to find games powered by provably fair at crypto casinos. The random number generator that powers these games is based on the blockchain information of the players. With this innovation, games can provide fair chances for players by using unbiased and real randomness. Better still, provably fair is open-source. This means players can inspect the code themselves to confirm the odds.
Why bet with Tezos casinos
There are a number of good reasons to bet with Tezos. For instance, Tezos is a great cryptos for online casinos because of its fast transaction rates and small transaction fees. The secure structure of XTZ, as well as excellent bonuses and fair games are just some of the clear advantages to betting at a Tezos casino.
Tezos transactions are quick and inexpensive, allowing you to withdraw in a matter of minutes. Transactions are particularly quick in comparison to traditional fiat currencies, which can take longer to verify and complete.
Casinos that accept Tezos typically have higher gambling limits than casinos that accept fiat currencies. This is, in part, due to the high security of the blockchain. With more solid finances, casinos can confidently offer games with improved odds too.
Are XTZ deposits free?
Tezos does charge its users a transactional fee when they deposit at online casino sites, but the amount is modest. Furthermore, most casinos that accept XTZ withdrawals will compensate for the transaction cost, saving you money.
Can I get bonuses when depositing with XTZ Online Casinos?
If you discover an online casino that accepts XTZ deposits, your chances of being able to receive a bonus are fairly reasonable.
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