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Founded in 2014 and officially launched in 2018, Tezos (XTZ) is a popular altcoin available at many cryptocurrency casinos. With so many casinos now accepting the Tezos token, there is a lot to consider when choosing to bet online.

So, here’s what you need to know about how to play safe and secure casino games with Tezos.

The Best Bonuses and Promotions for XTZ

Best Tezos Casinos XTZ

Crypto casinos offer promotions and bonuses to players the same way a traditional site would. These promos consist of a new player welcome bonus and free spins on slots in most cases. Typically, the promos and bonuses you’ll find offered by XTZ casino sites include:

  • Welcome bonuses such as matched deposit new player bonuses. These bonuses offer new accounts a matched percentage of their first deposit to the site as a bonus — in most cases, 100% to match an initial deposit as bonus cash. A $500 deposit would reward a $500 bonus!
  • Free spins on cryptocurrency slots or Tezos slots
  • Reload bonuses for making regular or consecutive deposits. These often take the form of a matched deposit bonus with a lower percentage, sometimes offered as a weekly promotions

How to Deposit Tezos at Online Casinos

Usually, the entire process of buying Tezos from an exchange and sending it to a crypto casino takes less than 20 minutes. All you’ll need to make an XTZ deposit is a wallet address. Crypto casinos will provide this address within the ‘Banking,’ ‘Cashier,’ or ‘Wallet’ section of their site.

Once you have this address, start a new transaction within your wallet or exchange. Then, copy and paste this wallet address into the destination field along with the amount you would like to deposit.

Before making the deposit, ensure that the wallet address you are sending it to is compatible with receiving XTZ. Sending crypto to an incompatible wallet (such as sending XTZ to a Bitcoin address, for example) will permanently lose funds.

Crypto casinos rarely charge deposit fees. You are more likely to see a transaction fee or gas fee from your wallet or exchange. These fees are cheap and will usually cost just a few cents. Most crypto casinos that accept XTZ don’t enforce a minimum deposit amount either unless it’s part of the requirements to qualify for an initial deposit bonus.

How to Withdraw XTZ

Tezos Bonuses Casinos

All you’ll need to withdraw your Tezos from a crypto casino is your wallet address, which you can find by starting a new exchange within your wallet or exchange and clicking ‘receive.’

Crypto casinos will provide a section for players to make withdrawals. Copy and paste your wallet address into the section provided along with the amount you would like to withdraw.

Although crypto transaction times are known for processing quickly, some casinos may opt to hold your withdrawal request for verification purposes. This can happen when the requested amount for withdrawal is rather large, if multiple withdrawal requests are made in a short period or when the casino needs extra time to convert the necessary funds. In any case, these holds usually don’t take longer than 24 hours.

Some users choose to withdraw XTZ to an exchange to trade it for fiat currencies like USD or EUR. It’s also possible to withdraw XTZ to a long-term storage wallet.

If you’re using Binance US to trade, it’s possible to withdraw XTZ to the Binance Visa card and spend your crypto directly.

What Casino Games Can I Play with Tezos?

Tezos casinos host the same casino games that you’ll find on traditional casino sites. You can play virtually any casino game with XTZ, including slots, blackjack, roulette, and a wide variety of table games.

Some of the provably fair games that users can be played with XTZ on crypto casinos include:

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

It’s worth noting that crypto casinos often make it possible to play provably fair casino games. This is because the RNG (random number generator) software that runs these games relies on players’ blockchain information. With this technology, dice, slots, and crash games can use unbiased and provide true randomness to create fair odds for the players. Furthermore, since this is also open-source, players are free to view the code directly to verify the odds for themselves.

Using the XTZ Token: What You Need to Know

Where to Play XTZ Casino Games

Tezos is a relatively straightforward cryptocurrency for online casino games. There are just a few things to keep in mind when using XTZ:

  • Anonymity: Tezos isn’t an anonymous cryptocurrency like Monero. If you buy XTZ from a crypto exchange that requires ID, your personal information is traceable to your Tezos transactions
  • Crypto casino KYC: Many crypto casinos that accept XTZ require identity information before paying out large withdrawal requests, in order to comply with regulations
  • Safety and security: Tezos transactions are irreversible. For this reason, it’s essential to only bet on casinos that have a positive, trustworthy reputation.  

Choosing the Best Tezos Casino

Betting with XTZ delivers faster payout speeds, higher limits, and secure access to a wide range of casino games and slots.

Tezos transactions are fast and low cost, making it possible to cash out in just a few minutes. The transactions are especially fast compared to the transaction times of conventional fiat currencies such as USD or EUR, which can usually take days to verify.

Usually, casinos that accept Tezos offer higher wagering limits than fiat casinos. This is because the peer-to-peer focus of XTZ, along with the proof of stake mechanisms within the Tezos blockchain, adds additional security to deposits. More secure funding means casinos can comfortably offer higher-stakes games.

Before signing up and making a deposit on a crypto casino site, it’s best to check for the following features:

  • Payout speed and reliability: The best crypto casinos payout instantly
  • Live casino games: If you’re planning on playing live casino games, it’s best to check to make sure the site you sign up with offers this feature first and any specific games you would like to play
  • Smartphone availability: Not every casino site offers a dedicated mobile web platform or app
  • Customer service: It’s best to play with casinos that offer live chat or phone support
  • Promotions and bonuses: Some bonuses are significantly better than others.
  • Safety and Reputation: We rank safe and secure XTZ casinos based on trustworthiness, payout speed, security, and reviews.

How to Buy Tezos (XTZ)

If you want to trade to get XTZ with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Gemini and send your crypto to your account. In some cases, depending on location and exchange, you can purchase XTZ directly with a Visa or Mastercard debit card or credit card. We recommend safe and secure exchanges like Gemini, Binance, and Coinbase.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click “deposit” which will show you the address to send your crypto to Gemini.

You will then copy that address and paste it into the wallet holding your cryptocurrency and hit send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

Key Takeaways

Best XTZ Casino Games

Tezos offers impressive transaction speeds and low transaction costs, making it one of the best cryptos for online casinos. The peer-to-peer nature of XTZ and the availability of unique bonuses and provably fair games show off the advantages that crypto casinos can offer.