OMG Network is a rapidly growing cryptocurrency, but one which is still, at the time of writing, not one hundred percent realized in terms of what it offers and what it can do. Nonetheless, there’s still plenty of scope for it to become a decent cryptocurrency for gambling online.
On this page, we’ll walk you through the basics of the OMG Network, its cryptocurrency, and the OMG coin, and explain how it works for gambling purposes. Join us as we explain all the above and more. Let’s introduce you to our top OMG Network casinos, to begin with, though. Here are a few sites worth keeping an eye on:
OMG Network (OMG)
Like many digital coins, OMG Network is a cryptocurrency that is built on top of Ethereum’s blockchain, the native currency of which is OMG. As you might expect, the OMG Network handles Dapps and crypto transactions and has a suitable pace and speed when it comes to processing transactions compared to its counterparts and lower fees.
The cryptocurrency debuted in 2013 when the Thai-based payments processor was known as OmiseGo. It was rebranded in June 2020 to OMG Network. However, we should stress that many of the concepts and features that first appeared in its white paper in 2017 are still being worked on. This makes OMG an emerging cryptocurrency that is still very much in the works.
As you can probably guess, your average OMG Network casino is any cryptocasino where you can at least make a deposit (and, in all probability, a withdrawal) using OMG, the native cryptocurrency of the platform. Because it runs on top of Ethereum’s blockchain, this altcoin is surprisingly easy to get hold of and isn’t in short supply when it comes to top online casinos that support it.
Depositing and crypto casinos using the OMG Network and actively wagering on games using the OMG coin are two very different things. While the cryptocurrency is widespread enough at online casinos, there aren’t many games out there that facilitate crypto stakes using OMG. In most cases, OMG deposits will be converted into another cryptocurrency, an in-house token, or even a FIAT currency for gameplay. There are, of course, the odd exceptions.
Using the OMG Network has its perks, and we’ve highlighted a few of those for you below. They include:
While many cryptocurrencies have lost value over the last year or so, OMG Network is one which is very much on the rise. It has seen an influx of users, and that has caused its value to grow. While it isn’t worth extensive amounts, it is a crypto to consider if you’re looking to invest when gambling.
We didn’t have too much trouble finding at least a handful of top crypto casinos that accept OMG. We don’t imagine you’ll struggle to find sites, either predominantly because it can be found at many casinos that make use of Ethereum’s blockchain.
There are a couple of disadvantages to the OMG Network, and it’d be foolish not to mention them. Here’s what you need to know:
As touched on earlier, OMG Network is still going through the motions when it comes to its features and services. Many of the aspects found in its white paper back in 2017 haven’t yet been fully realized, so OMG is far from the finished article.
As hinted at earlier, finding online casinos that support OMG isn’t that much of a stretch. However, you could struggle to locate casino games that support OMG stakes natively without conversion or exchange of some kind.
The very best OMG Network casinos will all include the following features:
Now that you know a bit about the OMG Network, it may be time to play. Here’s how you can get started today:
OMG Network has a lot going for it, although much of it is still being worked on. It offers you largely the same benefits as other cryptos running on the Ethereum blockchain, but that’s not a bad thing. In fact, as most of these options are reliable – it’s arguably a very good thing.
No, but there is a growing number of crypto casinos that do accept OMG.
We didn’t see any instances where this was the case, but that doesn’t necessarily mean it’s not possible.
Again, we didn’t see any specific instances, but at dedicated OMG casinos, this will surely be an option.
Yes. Because the OMG Network is built on top of Ethereum, we have every confidence that it is safe and trustworthy.
No, but the fees associated with OMG transactions are lower than your average Ethereum deposit/withdrawal, sometimes at just 0.66 to 4.5 OMG.