Polygon (formerly known as the Matic Network) is both a cryptocurrency and a network aimed at improving the speed and reducing the cost of blockchain transactions. Heavily inspired by and based on Ethereum, it is an interesting and exciting option for crypto gambling fans to bet with. What does it mean to bet with MATIC at crypto casinos, though? We aim to introduce you to all the ins and outs with this guide. To begin with, though, allow us to showcase a few of the top Polygon casinos and betting sites that accept MATIC picked out by our team.
The Matic Network was originally founded as a way of improving crypto transactions. Some are incredibly complex and costly, not to mention slow. The hope was that the Matic Network would change that. Since its launch in 2020, the Matic Network was reorganized and rebranded as Polygon in 2021. The newly established brand still retains the MATIC cryptocurrency that launched with its predecessor and is the primary token used to settle payments between participants on the Polygon network.
The cryptocurrency itself is loosely based on Ethereum’s platform and was founded in India in 2017. It utilizes decentralized apps and virtual options and, of course, has an array of financial services you can take advantage of. An increase in transmission costs and traffic on Ethereum has sort of slowed things down for Polygon/MATIC of late, though. How does this affect betting with MATIC at Polygon-friendly casinos? Let’s find out.
Given that the cryptocurrency only launched in 2020 and was rebranded in 2021, it probably won’t surprise you to learn that MATIC-friendly casinos, also known as Polygon casinos, are in short supply- Our team looked far and wide to draw up a list of recommended venues. A typical MATIC-friendly casino will permit players to deposit into their accounts with the crypto token but finding somewhere that also permits wagering on games with Polygon is going to be a hard sell.
The good news is that if you can find an online casino that accepts Polygon deposits and features in-house proprietary software, there is every chance that you wager MATIC on those games. However, as is often the case with most small-scale and newer cryptocurrencies, many of the mainstream slots, live dealer, and RNG (random number generator) table games aren’t yet MATIC-friendly. There are a few bonuses and promotions you can use, too. Some sites offer faucets, no deposit bonuses, and welcome bonuses featuring Polygon, but free spin bonuses on MATIC-friendly slots are hard to come by.
There are more than a few advantages to using MATIC to bet online. Allow us to cover some of the highlights of using Polygon. They include:
Polygon has a decent architecture. The software development kit or SDK is used to build Ethereum-compatible dApps or decentralized apps. Moreover, these sidechains can be connected to the main Ethereum blockchain. Plasma Chains, zk-Rollsups, and Optimistic Rollups are other highlights.
There are other perks to using MATIC, too. For instance, you can expect relatively low fees with this cryptocurrency. The token can also be used to process transactions in mere seconds, faster than many of its counterparts. Moreover, there is more room for decentralized financial apps than some of its rivals, and scalability and rewards are not a problem for Polygon users.
Not everything is rosy with MATIC. Here are a couple of the disadvantages of using MATIC to play at Polygon casinos online.
While the initial idea behind this Indian cryptocurrency was that it would stand out from the crowd, it is rather like its rivals. Many of its features are shared with Avalanche, Polkadot, Cosmos, and others.
MATIC is not an overly valuable cryptocurrency. Supply is limited to around 10 billion MATIC coins at any one time. Given the low acquisition value of MATIC, that isn’t as much as it sounds. Many crypto gamblers may prefer a cryptocurrency with a better prospect of increasing in value.
If you want to start betting with Polygon, we recommend that you only choose MATIC casinos that can offer the following:
As touched on earlier, our team has been out and about seeking out the very best casinos featuring Polygon. Below, you’ll find more detailed information about one top-quality (and recommended) MATIC-friendly site.
Not everybody knows how to get started with MATIC. That’s where we come in. Our trusted team will tell you how to begin betting with Polygon in just a few short steps. Here’s what you need to know:
If you’re ready to begin playing with MATIC at Polygon casinos, you know what to do. Scroll up to our selection of recommended crypto casinos, and don’t hesitate to read our reviews. We’re sure you’ll find the perfect MATIC casino offering you top games and decent bonuses from the selection we have available.
No. MATIC is a new cryptocurrency, so you won’t find too many casinos that accept Polygon right now. This may change in the future, though.
That depends on the software provider. Many top developers of live casino games don’t yet accept MATIC as one of their cryptocurrencies, but never say never.
We’ve seen evidence of this, so, yes. There are online casino bonuses out there that can be claimed in MATIC. Again, check our casino list to find sites offering such deals.
Polygon uses Ethereum’s blockchain, and it features MATIC-friendly decentralized apps. From what we can tell, there are no security or safety issues known for this cryptocurrency. Everything looks good.
No, but the fees associated with MATIC payments are certainly cheap. They are very agreeable compared to similar cryptocurrencies, like Avalanche and Polkadot.