Best Online THETA Casinos in 2022
THETA operates close to the casino and poker ecosystem- so much so that Theta Labs recently partnered with the World Poker Tour to launch a series of NFTs and power the technology behind Binance’s first major esports tournament.
The high transaction speed of THETA paired with the extreme price increase of the token has led many crypto casinos to accept THETA tokens. Here’s everything you need to know to start betting online with THETA.
Current Theta Bonuses and Promotions 2022
Online casinos that accept THETA offer a range of different promotions. These promotions typically function the same way as traditional online casino bonuses and include free spins, welcome bonuses, and other special promos.
Some of the bonuses you’ll find offered by crypto casinos include:
- Matched deposit bonuses provide new accounts with a bonus based on the size of their first deposit. These bonuses, often called welcome bonuses or sign-up bonuses, typically offer a 100% matched bonus for first deposits, meaning the casino will reward the user with a bonus of $500 if the user made an initial deposit of $500
- Reload bonuses for making multiple deposits. A crypto casino bonus may offer a 100% bonus for your first deposit, then 50% for your second deposit bonus, and so on
- Many casinos offer free spin bonuses – a crypto casino site may offer 50, 100, or even more free spins for THETA slots when depositing crypto
- No deposit bonus is a bonus that doesn’t require an initial deposit. Usually, this will typically function as a free spin with extra wagering requirements that must be met before the user is allowed to withdraw the bonus
Crypto VIP bonuses like traditional casino bonuses often allow bettors and players to accumulate points for making wagers, playing slots, or making deposits. Players can exchange these points for various bonuses such as free crypto slots spins or additional cash bonuses.
Crypto casinos almost always have some limitations or requirements to withdraw bonus funds. The most common requirement involves wagering the bonus a certain number of times; this is called a rollover requirement.
For example, if there is a 20x rollover requirement for the ten mBTC bonus received from an initial 100% matched deposit bonus, it means that the user has to make bets equaling 20 x 10 mBTC (200 mBTC) before they may withdraw.
How to Deposit Theta at Online Crypto Casinos
Making a THETA deposit to a cryptocurrency casino site is relatively straightforward. Theta, like most other cryptocurrencies, only requires a destination address. Casinos will provide this destination address within the “Banking,” “Cashier,” or “Wallet” section. Additional details such as account names or SWIFT codes aren’t required.
Within the THETA wallet or exchange, start a new transaction. Then, enter the address into the destination field. Your Theta should be available for wagering within 30 minutes.
Be sure to check and see whether the casino requires a minimum deposit. Typically, casinos don’t set minimum deposits for altcoins like THETA. However, if there is a minimum, it will usually be around $1. In rare instances, the minimum deposit may be up to $5.
How to Withdraw Theta from Crypto Casinos
Theta withdrawals work the same way as deposits — all you’ll need to withdraw from a casino is your destination 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 or a string of text to copy and paste.
Casinos will provide a section for users to insert this destination address along with the amount they would like to withdraw. Although cryptocurrencies have faster transaction times when compared to traditional withdrawals, some casinos may opt to put a hold on withdrawal requests to verify the transaction manually. In these cases, the transaction will usually process within 24 hours.
Players can withdraw funds to many different types of wallets. For example, it’s possible to withdraw THETA to a crypto exchange and trade it for other cryptocurrencies, which users can then sell for fiat currency. It’s also possible to stake your THETA winnings to help manage the Theta blockchain network and earn rewards for running a Theta node.
What Theta Casino Games Can I Play?
Crypto casinos offer the same games as a traditional casino would. It’s relatively easy to find casinos that allow users to play blackjack, slots, roulette, or other table games using a wide selection of cryptocurrencies. Some of the larger sites might even offer live games as well.
Some of the provably fair games that users can be played with THETA on crypto casinos include:
- Classic blackjack
- European blackjack
- Texas Hold ‘Em
- Monopoly Roulette
- Double Ball Roulette
Some crypto casinos use the Ethereum or Eos blockchain to create provably fair games. These are open-source games that allow players to audit the code that runs them, meaning that the odds are fully transparent, unbiased, and unable to be tampered with.
Betting with THETA: What You Need to Know
THETA is a relatively new cryptocurrency compared to older cryptos, such as Bitcoin, however, it functions in a similar way. When using Theta to play casino games, it’s important to follow the best practices for safe crypto storage, but several other factors are important to keep in mind:
- Security and Safety: It’s very important to maintain a secure password and, where available, enable two-factor authentication when using THETA to keep your crypto safe.
- Anonymity: Theta isn’t an anonymous cryptocurrency like Monero — to buy THETA, you’ll likely need to provide KYC and AML information to a crypto exchange, which will link your THETA coins to your identity.
- Exchange fees: Theta transactions are very cheap, but it’s important to pay attention to the fees charged by exchanges. Some exchanges will charge a small withdrawal fee when sending THETA to external wallets.
Be vigilant when using an exchange to fund a crypto casino account. For example, Coinbase, in particular, can be notorious for blocking accounts that they suspect are being used for online gambling.
Theta Casinos: Choosing the Best Theta Crypto Casino
As the popularity of THETA increases, the number of crypto casinos that accept it will increase as well; however, many sites are still yet to enable THETA banking options. As a result, holders interested in betting online or playing casino games with THETA have two options — bet on a platform that accepts THETA directly or exchange it for other cryptocurrencies that are more widely accepted.
Some crypto casinos only accept a small selection of major cryptocurrencies, such as Bitcoin, Ethereum, and Bitcoin Cash. Others offer a wider range of supported cryptocurrencies, but both types of casinos typically offer the same games and activities.
Theta casino sites offer the same range of casino games as traditional casino sites, but several factors are worth considering before you sign up and start betting. For example, some crypto casino sites offer limited live casino games, while others may have limited support options.
It’s best to check for the following features in a crypto casino before betting Theta online:
- Site trustworthiness and security
- Promotions and bonuses such as welcome bonuses or VIP programs
- Customer support, live chat, or phone support
- Payout speed and withdrawal/deposit limits
How to Buy Theta
Theta is a highly popular altcoin and is available on most major exchanges. Binance, Huobi, and KuCoin all list THETA, making it easy to buy the coin directly or by exchanging cryptocurrencies such as Bitcoin or Ethereum.
It’s important to note that Binance US, the US-only version of Binance, doesn’t yet support THETA pairs. So if you reside in the US and are interested in buying Theta to play casino games online, it’s best to purchase Theta through an international exchange such as Huobi or KuCoin.
Since its launch, THETA has grown in value dramatically, making it a popular cryptocurrency now in use at many different casino sites. As a cost-effective crypto with fast transaction speeds, THETA is a good choice for banking with online gambling platforms.