Yearn Finance (YFI) is a unique cryptocurrency that streamlines the way investors interact with the decentralized finance (DeFi) ecosystem. Unlike other cryptocurrencies — the circulating supply of YFI is extremely low (under 40,000 individual coins). The low supply generates extreme demand for YFI, making it a highly valuable cryptocurrency for players on some crypto casino sites.

With the growing adoption of YFI casinos and many features and bonuses to take advantage of, here’s everything you need to know about crypto casinos that accept Yearn Finance in 2022!

Best YFI Bonuses and Promotions

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Cryptocurrency casinos that accept YFI are highly competitive and offer a wide range of bonuses and promotions to attract new players. Some of the bonuses you’ll find offered by crypto casinos include new player bonuses, special seasonal promos, daily challenges and jackpots, and no deposit bonuses.

The latest bonuses and promotions offered by Yearn Finance casinos can include:

  • Welcome Bonuses: These bonuses can either take the form of bonus cash on signup or as a “matched deposit bonus”. Crypto casino matched deposit bonuses normally offer 100% of the first deposit made to a site as bonus credit. For example, if you deposit $500, you will receive an additional $500 in casino funds to play with
  • Reload Bonuses: These bonuses are similar to welcome bonuses but apply to deposits made after the first deposit
  • Free Spins: Many crypto casinos offer special promos that include free spins on games such as roulette or slots
  • No Deposit Bonuses: Bonuses that give players free cash with low rollover requirements

Crypto casinos that accept Yearn Finance also offer special promos that are only available through special bonus codes, which are redeemable during the signup process. The table at the top of this article provides a full list of crypto casinos that accept YFI and any bonus codes that are currently available.

Signing up with a VIP program on a crypto casino is a highly effective way to generate additional bonuses or privileges. Most VIP programs offer multiple tiers, with VIP points awarded to players who make regular deposits or wagers. VIP benefits can include free bets, free spins, bonus cash, or access to higher stake tables. 

What Yearn Finance Casino Games Can I Play?

The games offered by Yearn Finance casinos are typically the same as traditional casino sites — slots, blackjack, roulette, and table games are all widely available. The most important difference between using YFI to play casino games versus using fiat currencies is the limits available — you’ll find that most crypto casinos offer higher stakes and betting limits. 

Some of the latest provably fair games that users can play with YFI 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

Casinos aren’t the only way to bet your YFI coins online. The high value and demand for YFI have made it popular with many sportsbooks, making it possible to bet YFI on sports that include football, basketball, baseball, MMA, and more. 

How to Deposit YFI at Online Casinos

All that is required to deposit YFI is the casino’s wallet address. The casino will provide this address within your account’s ‘Banking,’ Cashier,’ or ‘Wallet’ section. 

First, start a new transaction within your wallet or exchange to make the deposit. Then, copy and paste the wallet address into the destination field, specify the amount you’d like to deposit, and then click ‘Send.’ Your transaction should process within 30 minutes. 

Ensure that you are sending YFI to a dedicated Yearn Finance wallet address. Sending crypto to an incompatible wallet, such as sending YFI to a Bitcoin address, will result in a permanent loss of funds. 

The price of YFI is usually extremely high compared to other cryptocurrencies, but it’s not necessary to buy or bet with an entire YFI coin. It’s possible to purchase and deposit fractions of a single YFI on a crypto casino. Some crypto casinos may enforce a minimum deposit to activate certain promos like matched deposit bonuses.

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 YFI

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The only requirement to make a withdrawal is your wallet address. You can find your wallet address by starting a new transaction within your wallet or exchange and clicking ‘receive.’ 

Once you have your address, you can copy and paste it into the section provided by your casino, along with the amount you would like to withdraw. 

Even though crypto transactions are known to process rather quickly, some sites may opt to put a hold on your withdrawal request intentionally. For example, some sites may do this in order to convert the necessary funds from other cryptocurrencies if the withdrawal request is for a large amount. It may also be on hold until the user provides security information like KYC or other identification. In any case, these holds won’t last more than 24 hours.

Using Yearn Finance to Bet Online: What You Need to Know

The Yearn Finance ecosystem is complex, but dealing with YFI tokens themselves is relatively straightforward — because YFI is an ERC-20 token, it can be stored in any ERC-20 compatible wallet and is available at most major exchanges.

There are a few extra pointers to keep in mind to ensure that you’re keeping your YFI tokens and your identity safe when playing on crypto casinos:

where to play casino table games with yfi
  • Gas fees: YFI tokens operate on the Ethereum network. At normal times, sending YFI from an exchange to a casino or visa versa is relatively cheap. However, when the Ethereum network is under heavy load, transaction fees can become extremely expensive. Always check Ethereum network gas fees before making a YFI transaction
  • Anonymity: If you’re interested in playing anonymous cryptocurrency casino games, you may want to consider using a cryptocurrency such as Monero or Zcash. YFI is convenient and valuable, but it doesn’t provide anonymous transactions
  • Security: When you use cryptocurrency to play crypto casino games, you’re responsible for the security of your coins. It’s best to only play casino games on sites recommended by reliable sources. Always enable two-factor authentication if available for the safest experience possible

Choosing the Best Yearn Finance Casino

There are a limited number of crypto casinos that accept YFI — any casinos currently accepting YFI as a banking option are available at the top of this article. However, before you sign up with a cryptocurrency casino, there are a few features and factors to keep in mind to make sure you’re betting on a site that meets your requirements.

See the table at the beginning of this article for a full list of the safest YFI casinos.

Some crypto casinos, for example, offer live casino games, while others focus specifically on slots or other niche games. It’s best to check a site before you sign up to ensure it offers your preferred games. It’s also worth checking to make sure a site offers the following:

  • Instant payouts: Crypto casinos should, in most cases, provide instant payouts. See Coin Clarity’s list of recommended crypto casinos for the fastest-paying crypto casinos in 2022
  • Customer support: Reputable crypto casino sites should provide fast responding email support or live chat
  • Mobile support: If you’re planning on playing smartphone crypto casino games, you’ll need to make sure the site you sign up with offers an app or a mobile compatible website

How to Buy Yearn Finance

Yearn Finance is a highly valuable cryptocurrency, but it’s not as accessible as other major cryptocurrencies. Unlike Bitcoin and Ethereum, it’s not possible in most cases to instantly buy YFI with a Visa or Mastercard.

In order to buy YFI, you’ll need to first buy another crypto that supports YFI trading pairs on exchanges that list YFI. For example, Gate.io offers multiple BTC, ETH, and USDT trading pairs for YFI — to buy YFI, you’ll first need to purchase one of these cryptos and then trade it for YFI.

The fastest way to purchase crypto to trade for YFI is to buy Bitcoin instantly from Gemini or Binance US, depending on your location.

The steps required to buy Yearn Finance are as follows:

  • Create an account on Gemini or Binance US
  • Complete the ID verification process
  • Link your Visa or Mastercard to your exchange account
  • Buy Bitcoin, Ethereum, or USDT instantly with your card
  • Create an account with Gate.io
  • Send your BTC/ETH/USDT to Gate.io
  • Trade on a /YFI pairing

This multiple-step process can be completed in less than an hour and will provide you with YFI that can then be sent directly to a Yearn Finance casino. In addition, you can find the latest information on where to buy Yearn Finance via Coin Clarity’s 2022 guide to YFI. 

Key Takeaways

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The number of cryptocurrency casinos that currently accept YFI coins is low but is growing every day as the DeFi ecosystem intersects with the world of crypto betting. YFI is an ERC-20 token, which means it operates on the Ethereum blockchain. Using the ETH blockchain to facilitate transactions means that YFI betting is fast and provides users full control of their bankroll.

Crypto casino sites that accept YFI as a banking method offer several important advantages over traditional casino sites. For example, using Yearn Finance to bet online or play YFI casino games provides players with higher limits, higher wagers, and significantly faster withdrawal speeds and payouts.