Best Online Crypto Casinos Accepting AAVE in 2022
AAVE is a peer-to-peer cryptocurrency designed to facilitate decentralized finance, making it a popular coin to use when gambling online. Here’s what you need to know to start wagering with AAVE on safe and secure online casino sites.
Best AAVE Casino Bonuses and Promotions
Promotions and bonuses are an integral part of the online casino ecosystem. Most online casinos will offer some new player welcome bonus or special promos, and AAVE casinos are no exception to this rule.
The promos and bonuses available through crypto casinos include:
- Matched deposit bonus promotions that reward new players for their first deposit with a matched percentage. A 100% matched deposit bonus, for example, will provide a new player who deposits $500 with an additional $500.
- Reload bonus promotions provide free spins, matched bonuses, or other rewards for making consecutive deposits.
- Free spins – 25, 50, or more free spins on cryptocurrency slot games for making deposits
- No deposit bonuses are for players who complete a casino’s sign-up process. To cash this bonus out, you must bet the amount received a certain number of times and complete its rollover requirements
In addition, to sign up bonuses, many crypto casinos offer VIP programs and loyalty programs that allow users to accumulate points for making wagers and deposits. These points can be exchanged for rewards or collected to access higher VIP reward tiers.
How to Deposit AAVE
Depositing AAVE to a crypto casino is similar to how Bitcoin and Ethereum transactions work — all you’ll need in order to make a deposit is a wallet address. The casino will provide this address within the banking, cashier, or wallet section of the site.
First, start a new transaction within your wallet or exchange to make the deposit. Then, copy and paste the casino’s wallet address into the destination field. Finally, specify the amount you would like to deposit and click send. Most AAVE transactions process within five minutes.
Be sure that you are depositing your funds to an AAVE-specific address. Depositing AAVE in an incompatible wallet will result in a permanent loss of funds. Albeit rare, it’s important to carefully check the fine print of these casinos to avoid missing any deposit and withdrawal fees. Most crypto casinos won’t enforce minimum deposits unless it’s to qualify for a deposit bonus.
How to Withdraw AAVE
The only requirement needed to make a withdrawal is your wallet address. You can find this by starting a new transaction within your wallet or exchange and clicking ‘receive.’ Doing so will give you a QR code you can scan and an address you can copy/paste.
Your casino will provide you with a dedicated section to make withdrawal requests. Copy and paste your wallet address into the space provided and specify how much you would like to withdraw.
Even though crypto transactions are known to process extremely quickly, some casinos may intentionally hold your request to verify the transactions. They may require additional KYC information or other verification forms before they let the transaction through. This can also happen if the requested amount is rather large or if there have been multiple withdrawal requests made in a short amount of time. In any case, these holds usually won’t last more than 24 hours.
Once withdrawn, you can use a cryptocurrency exchange to trade AAVE for fiat currency such as USD, EUR, or GBP. This decentralized financial ecosystem also uses AAVE to facilitate crypto loans so that some users can reinvest in the DeFi ecosystem.
What Games Can I Play?
Usually, casinos that accept AAVE offer the same games as any other casino. It’s possible to play slots, poker, and blackjack, as well as a variety of other live games or table games.
Some of the latest provably fair games that users can be played with AAVE on crypto casinos include:
- Classic blackjack
- European blackjack
- Texas Hold ‘Em
- Monopoly Roulette
- Double Ball Roulette
A major advantage of crypto casinos is the availability of provably fair games. Provably fair casino games operate on open-source blockchain smart contracts, making it possible for anybody to view the code that runs them. With this, players can check and verify the odds of these games.
Provably fair games operate on blockchains such as the Ethereum network or EOS. With these networks, casinos can provide a wide variety of provably fair games and allow deposits on many different cryptocurrencies.
Using AAVE to Bet Online: What You Need to Know
AAVE is a popular cryptocurrency that is simple to use, but there are a few key factors to consider when using it to bet online.
- Anonymity: AAVE isn’t a privacy coin, so all transactions are traceable to the exchange and account from which they originated
- Deposit fees: AAVE fees are extremely low and typically cost just a few cents. Many crypto exchanges charge small deposit fees. It’s best to check before making a deposit
- Trust and safety: AAVE transactions are irreversible — only send AAVE deposits to reputable crypto casinos
Advantages of Gambling with AAVE
Using AAVE, it’s possible to borrow, lend, or earn interest in cryptocurrency without third-party intermediaries. So while AAVE is the foundation of a massive decentralized finance ecosystem, the corresponding token is also fast and reliable.
This has made AAVE very popular as a banking method for crypto casinos, allowing users to make deposits and withdrawals in just a few minutes. Using AAVE to gamble is as easy as betting with Bitcoin or Ethereum, with the added advantage of extremely low fees and transaction times.
Choosing the Best AAVE Casino
AAVE is a valuable cryptocurrency and boasts impressive transaction speeds, meaning that you can complete deposits and withdrawals within just a few minutes. Furthermore, as one of the highest market cap cryptos, AAVE is valued as a means for lending or borrowing crypto.
There may not be as many casinos that allow AAVE deposits as Bitcoin or Ethereum, but the options available are still plenty robust. When assessing a casino, there are several important factors to take into consideration, including:
- Sign up bonus and welcome bonus offers
- Payout speed and reliability
- Support, customer service, and live chat
- Security, trustworthiness, and reputation
If you are using AAVE for the first time, it’s important to remember that AAVE is an “altcoin” and will not be available on every exchange. Major exchanges such as Coinbase, KuCoin, and Binance list AAVE, making it possible to buy with a Mastercard or Visa credit or debit card, but it’s important to make sure you are using an exchange you trust.
AAVE is a new addition to the lineup of high market cap cryptocurrencies. Designed primarily for decentralized finance, it’s still possible to gamble with it through cryptocurrency casinos. Start playing with our recommended safe and secure sites today.