By using Filecoin, it’s possible to rent out digital storage space in order to generate profit, creating a decentralized global file storage system. FIL has significantly increased in adoption since the launch of the Filecoin Mainnet in 2020, which has made it a popular banking option on cryptocurrency casino sites that accept altcoins. 

Using Filecoin to deposit funds on a crypto casino site is now relatively easy. To help you get the most out of your FIL at the best online casinos, we have created this guide to simplify the process.

Best Filecoin Casino Bonuses and Promotions

best Filecoin Casinos

Cryptocurrency casino sites don’t just offer faster, more reliable payouts and higher limits — the bonuses and promotions are also more competitive. Some of the bonuses and promos offered by crypto casinos include new player bonuses, special promos, free spins, and no deposit Filecoin bonuses.

When you create an account and make a deposit on a crypto casino site that accepts Filecoin you’ll generally be offered the following bonuses: 

  • Matched deposit bonuses: This type of bonus provides players with a percentage of the first deposit they make to an account as a bonus. A 100% matched deposit bonus, for example, provides a 1:1 bonus on the first deposit a player makes. For example, if you deposit $500, you will receive an additional $500 in bonus credit to play with
  • Cash bonuses: Some sites offer a predetermined amount of cash as a new player bonus rather than a matched percentage deposit bonus, such as a $200 new player sign-up bonus. Cash bonuses are also commonly provided on reloads or as part of VIP programs
  • Reload bonuses: This type of bonus is applied as an incentive on additional deposits beyond the first deposit, such as the second or third deposit, and typically offers a smaller matched deposit bonus or a smaller cash bonus. Some sites offer special bonuses on reloads made in a specific cryptocurrency
  • Free spins: Free spins are the most common bonus offered from casino sites, and typically offer Filecoin roulette free spins

It’s possible to access larger bonuses and other benefits by using a special Filecoin casino promo code or bonus code when they become available. Coin Clarity keeps a current list of the best crypto casino sites that offer the latest promo codes in the table at the top of this article.

Another highly effective way of accessing additional benefits is signing up for the VIP program of a Filecoin casino site. Most crypto casinos offer VIP programs that operate on a point-based or level-based basis and can provide players with free spins, bonus cash, and other benefits. 

What Filecoin Casino Games Can I Play?

The different types of casino games available on cryptocurrency casinos that accept Filecoin are virtually identical to the games available on traditional sites. Once you’ve made your first deposit to a Filecoin casino site, you’ll be able to choose from a wide variety of games that include Filecoin slots, Filecoin roulette, Filecoin blackjack, Filecoin poker, and other Filecoin table games.

Some of the latest provably fair games that users can play with FIL on crypto casinos include:

  • Blackjack
    • Classic Blackjack
    • European Blackjack
    • Pontoon
  • Poker
    • Texas Hold ‘Em
    • Omaha
    • Caribbean Stud
  • Roulette
    • Monopoly Roulette
    • Double Ball Roulette
    • Japanese Roulette

Most Filecoin casino sites that offer poker or blackjack operate regular tournaments, with many sites offering freerolls as welcome bonuses and deposit bonuses. The most important difference between crypto casinos and fiat currency casinos is the availability of instant withdrawals. 

How to Deposit Filecoin at Online Casinos

Play Filecoin Casino Games

Once you’ve purchased your Filecoin, you’ll need to send it to a crypto casino to start playing casino games with it. In order to deposit your Filecoin on a site, you’ll need to create a Filecoin transaction. This process is much simpler and faster than sending a bank transfer — you won’t need any complicated details such as account numbers or routing numbers.

All you’ll need to send your Filecoin to a crypto casino site is your Filecoin wallet address on the site you want to play on. This information is usually found in the “wallet” or “account” section of the site. Once you’ve found your wallet address, you’ll need to copy it and paste it into the “destination” field when making a new withdrawal from your crypto casino. Most Filecoin transactions are complete in less than 30 minutes. 

Currently, players have several different deposit methods to choose from including:

  • Mastercard Debit or Credit Card
  • Visa Debit or Credit Card
  • Skrill
  • Neteller
  • PayPal

How to Withdraw at Filecoin Online Casinos

If you’re ready to withdraw your Filecoin winnings from a casino site, you’ll need to make a payout request and provide your casino site with a wallet address so you can store your winnings. The type of wallet you use to receive your winnings will change depending on how you’re planning on handling the coins.

If you want to sell your Filecoin winnings for fiat currencies such as USD or EUR, or simply want to trade your FIL for another cryptocurrency such as Bitcoin, you’ll need to withdraw your winnings to a Filecoin wallet address hosted by a crypto exchange. If you completed the “How to Buy Filecoin” section of this article, you can withdraw your Filecoin winnings back to the same hosted cryptocurrency exchange wallet you made your initial deposit transaction from.

Using Filecoin to Bet Online: What You Need to Know

Biggest FIL Casino Bonuses

If you’ve ever used a cryptocurrency like Bitcoin or Ethereum before, you’ll find the process of sending and receiving Filecoin from a crypto casino site relatively straightforward. This article provides all of the information you’ll need to choose the best Filecoin casino site, make a deposit, bet FIL, then withdraw and trade your winnings.

If you’re new to cryptocurrency or have never used cryptocurrency for online betting before, there are some important differences between betting with fiat currency and betting with cryptocurrencies such as Filecoin that are important to take note of. The following tips will help you keep your cryptocurrency safe when you bet online with FIL.

  • Anonymity: Filecoin, unlike Zcash or Monero, is not an anonymous cryptocurrency and does not hide sender or receiver cryptocurrency addresses when transactions are made. This means that if you send a transaction with FIL from a crypto exchange account linked to your ID it’s possible that the transaction can be linked to your details
  • Security: Using cryptocurrency to bet online provides a wide range of advantages but also means that you’ll need to take care of your own safety and security. Always make sure you’re betting on sites that are recommended, trustworthy casinos, and always enable additional security features on exchanges such as two-factor authentication (2FA) for the safest experience possible
  • KYC requirements: Some cryptocurrency casino sites offer relaxed Know Your Customer regulations and, in some cases, offer KYC-free casino games or anonymous crypto casino games. A site that is obligated to comply with KYC regulations may, however, require player ID information before it is able to pay out on a large withdrawal request above a certain threshold

Choosing the Best Filecoin Casino

The sites that do accept FIL as a banking option offer a wide variety of features and benefits. It’s important to make sure a site offers the features you want before you make a deposit.

Some of the factors you may want to consider when you choose a Filecoin casino to play on include the availability of dedicated smartphone apps or mobile web versions, any betting or wagering limits, KYC requirements, and the various type of casino games and action available.

Check the following features before you deposit FIL on a crypto casino site:

  • Customer support: Look for sites that offer fast email support or live chat
  • Payout speed: Always play on crypto casinos that offer instant payouts
  • Live Filecoin casino games: If you want to play live cryptocurrency casino games, it’s important to make sure they’re available before making a deposit
  • Bonuses and promos: It’s possible to access far better welcome bonuses by looking for current promo codes and bonus codes before making a deposit. The table at the top of this article lists the latest and best Filecoin casinos and any corresponding active promo codes

Filecoin Advantages

How to Play FIL Casino Games

Filecoin typically ranks in the top 50 cryptocurrencies by market cap, which makes it a popular and widely adopted coin that is listed on most cryptocurrency exchanges. Betting on online casinos with Filecoin provides players with a wide range of advantages, of which the most impressive is instant withdrawals. Unlike traditional online casinos, which can take several days to complete payouts via bank transfer or payment processors, Filecoin casino sites offer instant withdrawals that are paid out in less than 30 minutes in most cases.

Filecoin transactions are extremely fast — most transactions made with FIL are reflected in the next block on the Filecoin blockchain within 30 seconds, with most transactions taking roughly 100 blocks to finalize. In addition to providing nearly instant transactions when compared to bank transfers, Filecoin offers a number of additional advantages for casino players.

The high speed of Filecion transactions paired with its widespread adoption makes it extremely easy to withdraw FIL winnings from Filecoin crypto casino sites and trade them for USD, EUR, or other fiat currencies. Other benefits of crypto casino sites include significantly more relaxed Know Your Customer (KYC) rules, and higher stakes and betting limits. Many crypto casinos also offer significantly higher deposit limits and withdrawal limits.

How to Buy Filecoin

There are a number of different ways to buy Filecoin — the best way for you will depend on how fast you’d like to access your FIL, and the region you’re buying Filecoin from. The easiest way to access Filecoin is to trade Bitcoin or another cryptocurrency for it on a crypto exchange that lists FIL.

If you’re new to crypto or don’t own any other cryptocurrencies you can use to trade for FIL, you’ll need to create an account on an exchange and either purchase Filecoin directly with a Visa or Mastercard or fund your exchange account with a bank transfer.

It’s generally much faster to buy Filecoin with a Visa or Mastercard than fund your exchange account with a bank transfer, as the latter process can take several days. If you’re based inside of the United States it’s possible to buy Filecoin instantly with a Visa or Mastercard from Binance US, while individuals outside of the US are able to buy Filecoin instantly from Gemini, which caters to international users.

The basic steps involved in buying Filecoin are as follow:

  • Create an account on a platform that lists Filecoin and offers card purchases, such as Binance US or Gemini
  • Upload your photo ID to the exchange and complete the KYC verification process
  • Link your Visa or Mastercard to your exchange account
  • Buy Filecoin instantly with your Visa or Mastercard
  • Send it to your chosen crypto casino

Frequently Asked Questions:

Q: Are Filecoin casino sites safe?
A: Filecoin casino sites and other crypto casinos are ranked on factors that determine their safety levels, such as payout speed, reliability, player reviews, reputation, and site security. The safest and best Filecoin casino sites online are listed in the table at the top and bottom of this article. 

Q: Is there a minimum deposit for Filecoin casino sites?
A: Cryptocurrency casino sites offer far more relaxed deposit and withdrawal limits when compared to traditional fiat currency sites — it’s generally not necessary to meet any minimum deposit requirements. Although maximum deposit limits can reach as high as $5,000 to $10,000 for a single deposit transaction, some sites that offer deposit bonuses may set minimum deposit amounts at between $10 and $50. 

Q: Where can I bet with Filecoin online?
A: Filecoin can be used to play cryptocurrency casino games on some casino sites, or deposited on cryptocurrency sports betting sites. Other options include cryptocurrency horse racing sites and crypto live betting sites. 

Key Takeaways

Filecoin is a highly popular altcoin in 2022 that is widely accepted on many different cryptocurrency casino sites and listed on most major crypto exchanges. The high level of adoption of FIL means that it’s possible to rapidly withdraw winnings from a crypto casino that accepts Filecoin and trade them for fiat currencies such as USD or EUR in a short amount of time. 

In addition to offering instant withdrawals, Filecoin casino sites also provide benefits that include competitive bonuses and promotions, more relaxed KYC rules, high deposit limits, high stakes and betting limits, and high withdrawal limits.

If you’re looking for an altcoin cryptocurrency that can be used on most crypto casino sites in 2022, Filecoin is a popular alternative to Bitcoin or Ethereum.