OmiseGO

Casinos with OmiseGO

Overview

OmiseGO (also known as OMG) soared in value when it was first released in 2017 but since then the cryptocurrency has found its steady value. This cryptocurrency solution is a little different from the likes of Bitcoin, Ethereum and XRP. This crypto is focused on solving the coordination problem between payment processors. The network has a decentralized exchange and online payment API.

Bonus

There are bonuses available for those who prefer to make deposits using cryptocurrency. However, these bonuses are mostly only available on crypto-specific casinos. Most other online casinos that accept a few cryptocurrency payment options are not set up to trigger deposit bonuses through cryptocurrency transfers. There are plenty of cryptocurrency casinos that offer up deposit bonuses, free spins, cashback and more, all through ultra-secure blockchain currency deposit.

Advantages

There is a heap of advantages to making a deposit through the OmiseGO cryptocurrency. Cryptocurrency solutions have risen in popularity because of the perks they offer when making payments online.

Great protection: Crypto uses blockchain security which means the transaction cannot be hacked and data cannot be breached. It’s likely the more secure form of payment in existence.

More convenience: Using OmiseGO allows users to transfer money in a faster, easier and cheaper way and it can be used across borders.

Larger deposits: Using crypto as a deposit method means you can transfer larger amounts of money as there are no transaction limits attached to OmiseGO or other cryptocurrencies. There are no deposit or withdrawal limits when transferring OmiseGO.

Faster withdrawals: As there are no long-winded banking processes involved you can receive your money back within a few hours, depending on how quick it’s processed on the casino’s side.

Disadvantages

Using OmiseGO as a deposit option comes with a few cons, just like any other online payment. Let’s take a look at the setbacks behind this growing crypto-token,

Volatile: Just like any other cryptocurrency the value of the token is very volatile and can increase or decrease in value significantly on the daily. However, this will only impact you if you hold the crypto in the digital wallet and not after you have transferred it.

Fees: Making a payment using cryptocurrency does mean that there will be a fee attached to each transfer. This fee is usually set by the crypto exchange/wallet and can vary from wallet to wallet.

Fees

There are fees attached to making money transfers using the OmiseGO payment option. These fees are to cover the transfer made through the digital wallet and are often quite low. It’s also worth mentioning that some online casinos put their own fees to casino deposits, it has nothing to do with the payment provider. These fees are usually a set percentage amount of the deposit. You can find out if a casino operator charges fees with each deposit and withdrawal by checking the FAQs or by reaching out to the casino’s support service.

Creating an Account

OmiseGo is a special cryptocurrency token and therefore you will need to create an account with a digital wallet before you can hold the cryptocurrency. To sign up to a reputable digital wallet you have to provide some personal details and verify your identity. Once you have done that you can transfer money into the digital wallet and convert it into the OmiseGO cryptocurrency. Once you have the OmiseGO wallet set up, you can connect it with your online casino account.

Depositing

Making a deposit using OmiseGO or any other cryptocurrency is a little different than making a deposit using a standing banking method or eWallet. We are going to take you through the steps to fund your account via the OmiseGO payment solution.

• Choose OmiseGO as your payment option.
• Enter the amount of your deposit.
• You should then be presented with an OmiseGO wallet code.
• Head over to your crypto wallet and transfer OMG to the provided wallet code.
• Confirm the transaction and Your payment should be sent
• Once the funds display in your casino balance you can start enjoying the games!

Withdrawing

You can make withdrawals using OmiseGO and it follows a similar process to making a deposit. The good thing is that withdrawals are not delayed by banking processes but rather based on how fast the casino payments team operates, so you could receive your winnings in excellent time.

• Head over to the casino cashier
• Choose the OmiseGO withdrawal option
• Enter the amount you wish to withdraw and confirm
• You should then be able to enter your OmiseGO wallet code.
• Then the casino will confirm the transfer

Security

Making casino deposits and other payments through the OmiseGO token provides unparalleled levels of security. The OmiseGO payment system is fully protected from any kind of cyber threat and double-spending. What’s more, OmiseGO HODLers approves all transactions with a bullet-proof algorithm. This casino cryptocurrency works with a Proof of Stake (PoS) consensus algorithm. This ensures that the chain complies with the rules laid down in the protocol for further payment protection.

Support

If you ever have any questions about the OmiseGO network then you can reach out to the OmiseGO community on social through Reddit, Facebook, LinkedIn, and Twitter. If you have pressing issues or urgent questions, then you can contact the OmiseGO guys through a web form on the official website. Furthermore, all reputable digital wallets and crypto exchanges provide excellent information on OmiseGO and other available currencies.

Availability

OmiseGO is a relatively new cryptocurrency and doesn’t get the attention of its counterparts, such as Bitcoin, Ethereum and Ripple. This crypto token is making its way on to a number of online casinos and is growing globally. The future will bring more crypto-friendly casinos and existing online casinos will start to embrace crypto as the future of casino payments. Although OmiseGO may not be one of the popular payment methods, it’s growing and it’s a global payment option so we will see it spread on to casino payment solutions around the world.

FAQ