NEAR Protocol is not likely to be the first cryptocurrency you would consider when you want to gamble online. It isn’t widely available, and few casinos are involved in it. However, there are some considerable perks to using NEAR at betting sites. Join us as we explain what it takes for NEAR Protocol sites to be the best in the business and introduce you to a couple of them right here.
NEAR Protocol (NEAR)
NEAR Protocol is a reliable, well-built blockchain that is capable of handling smart contracts. It is scalable, and its ecosystem is perfect for running Dapps, improving trust between casinos and players. NEAR Protocol has already positioned itself as a favored option for some game developers and operators eager to make use of Dapps and smart contracts.
The blockchain has its own cryptocurrency, which, perhaps boringly, is known as NEAR. At present, the value isn’t particularly high, at around $1.85 per 1 NEAR. This is a noticeable drop from the $15 valuation NEAR had in spring 2022.
NEAR Protocol casinos, by definition, are any online gambling sites that actively permit deposits and withdrawals using NEAR. There are quite a few of these springing up of late. Some of the mainstream crypto sites were quick to identify the smart contract benefits of listing NEAR at their domains, so you do have options out there if you want to use this digital token to bet online.
There are substantially more NEAR Protocol-friendly games than you might think for a relatively small-scale cryptocurrency. Depending on where you play, you may be able to actively wager on games using NEAR. However, in most cases, the crypto casino in question will convert your NEAR deposit into another crypto or FIAT currency option for gameplay purposes. Playable games include slots, table games, and even live dealer releases.
If you’re looking for reasons to make use of NEAR at NEAR Protocol casinos, check these out:
NEAR Protocol utilizes an advanced Level 1 blockchain, and this blockchain can run smart contracts. This makes it the perfect companion for casino players who want to establish trust between themselves and casinos regarding payments.
NEAR Protocol is still expanding. However, the fact that it has its own blockchain and ecosystem ensures that it is more scalable for the future. There is room for growth regarding Dapp development and tools.
A few of the disadvantages of using NEAR at crypto casinos include the following:
NEAR Protocol can often be drowned out. While we think their package and service are good, there are hundreds (if not thousands) of rival cryptos out there, so NEAR Protocol struggles to make an impact.
There have been issues when it comes to proper centralization governance. For instance, because over a third of the total NEAR tokens out there are owned by insiders, decision-making on the future of NEAR Protocol can be tricky.
Get started at the best NEAR Protocol casinos by using the following steps:
If you want to play immediately, don’t hesitate to join these top NEAR Protocol casinos.
Acquiring NEAR is easier than you might think. Follow these short, few steps to acquire NEAR and play at NEAR Protocol casinos:
If you are a firm believer in smart contracts and want to try a trusted cryptocurrency that runs on its own blockchain (NEAR Protocol isn’t one of the many Ethereum spin-offs out there), then NEAR could be a cryptocurrency worth exploring.
The number is still limited, but it is growing all the time, with many new sites accepting NEAR Protocol.
Yes. That depends on where you play, of course, but it is possible in some quarters.
Some crypto casinos that have committed to NEAR do have NEAR Protocol-friendly bonuses, yes.
We don’t see why not. The smart contract nature of NEAR Protocol all but ensures that.
No, and fees can be costly. In fact, fees are measured in gas units and paid in NEAR, with some reaching heights of around 30% of the transaction total.