Best Theta Network Casinos – Crypto Casinos with Theta Network (THETA)
Theta is an unusual cryptocurrency in that it appears as though its primary purpose isn’t to create a digital token or method of payment at all but to convince and incentivize users to operate a video streaming service that is decentralized and saves bandwidth and resources. While that’s a noble aim, does it make THETA effectively useless for crypto gambling online? Far from it; in fact, we’ll begin by introducing you to some of the top Theta Network casino sites below before deep-diving into this crypto option in detail.
Best Theta Network Casinos
What is Theta Network?
Theta Network (THETA)
Theta Network is a digital blockchain protocol that aims to do something different. Its primary purpose is to incentivize you to run decentralized video streaming software catering to its platform in a bid to cut bandwidth wasting and resources. If you play ball, you’ll be rewarded with THETA, the network’s cryptocurrency. The basic idea here is that you can use your spare bandwidth to deliver streamed videos to users.
THETA is the primary coin offered by the Theta Network, but it also has another coin known as TFUEL. The latter can be used to process transactions, while the former gives you the right to vote on changes to the protocol. Like many newer cryptos, the Theta Network seems to have an alternative agenda and uses its own token as a means to an end rather than attempting to challenge the big blockchains that focus more on providing decentralized digital financial services.
What Are Theta Network Casinos?
Theta can be used at online casinos, although it isn’t what we’d call an optimal cryptocurrency for gambling-related transactions. THETA can be used to process fast and efficient transactions that are secure and safe, and you’ll benefit from low transaction fees when using this option. Of course, any Theta Network casinos will accept THETA as a deposit option, and while you may be able to withdraw using the Theta Network, wagering on games is virtually not going to happen.
Playable Theta Network Casino Games
As touched on above, the chances of you being able to bet on casino games using THETA are almost zero. Instead, any Theta Network casino you join will almost certainly convert your deposit into another cryptocurrency, perhaps even a FIAT currency, for gameplay purposes. The same is true if you want to claim bonuses. Once that has happened, you’ll be able to play all the same types of games you’d commonly expect to see at crypto casino sites.
The Advantages of Playing with Theta Network at Crypto Casinos
Most of the advantages of using the Theta Network have no practical functionality in the online casino world. However, if you like the idea behind the cryptocurrency, then these two features could be fairly described as perks:
You’ll Be Part of a Change
Of course, the primary reason you’d use the Theta Network is to help save bandwidth and be part of the change this decentralized video streaming platform and protocol is bringing about. However, that has little to no practice use in the world of online gambling – at least, not yet.
Gain Power by Using THETA
Staking THETA gives you certain voting power within the community. The more THETA you stake, the higher your voting power rises, giving you more say in how the protocol is run. That, obviously, won’t be of huge interest to your average crypto gambler, though.
The Disadvantages of Playing with Theta Network at Crypto Casinos
Theta has a few disadvantages, and although we’re sure that if you’ve read this guide thus far, you’ll already know what they are, we’re still going to walk you through the biggest two flaws with gambling with this crypto token. They include:
Limited Functionality in the Casino Space
There isn’t much functionality or utility for THETA at online casinos. Yes, there are sites that accept it, but they almost always convert your deposit into another crypto, and you can’t claim bonuses or wager on dedicated crypto games using this option.
Limited Availability
It isn’t just the fact that you can’t wager on games or claim bonuses in THETA, which may be an issue. There aren’t many online casinos that accept it, either. You’ll find the best ones that do so on this page, but outside of this, finding a Theta Network casino can be a handful. Again, this is down to processing everyday payments not being the Theta Network’s primary function.
How to Choose the Best Theta Network Casino
If you are going to spread your wings and play at Theta Network online casinos, then we’d encourage you to keep the following in mind:
- THETA is not a widely accepted cryptocurrency at online gambling sites.
- The Theta Network can be used to process both deposits and withdrawals.
- Most gameplay is done using converted cryptocurrencies.
- Bonuses and promos can’t normally be claimed in THETA.
- As your options are limited, we recommend choosing one of our Theta Network casinos to join, as they have been personally approved by the team here at BTCGOSU.
Featured Theta Network Crypto Casinos
Struggling to find a home? If so, our recommended selection of Theta Network casinos should tick your boxes. Here are some that are worth considering:
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Start Playing at Theta Network Casinos Today
You can’t dive headfirst into THETA casino gameplay without first following these short steps to get started using the cryptocurrency. Here’s what you need to do:
- Create an account on an exchange. KuCoin is ideal, as it allows you to actively purchase THETA.
- Buy THETA from KuCoin using one of their approved payment methods.
- Don’t process payments to casinos just yet. Instead, you’ll want to open an account with a THETA wallet. We recommend the official Theta Network wallet.
- Move your THETA from your KuCoin wallet (or whatever exchange you use) to your Theta Network wallet.
- Now, you can sign up and deposit at one of our recommended THETA casinos using your network wallet so you can avoid the hefty fees that exchanges tend to apply to transactions.
Conclusion
THETA is something of a hit-and-miss cryptocurrency. It’s great if you sign up for one of the limited number of sites supporting it and if you want to do your part towards the bandwidth/video streaming debacle. However, if you’re not interested in that (most gamblers won’t be), then there are alternative cryptocurrencies out there that are much better tailored towards gambling than the Theta Network.
Theta Network FAQs
Do all crypto casinos accept UNUS SED LEO?
No. In fact, virtually none of them do. LEO is a token designed to be used for specific purposes, and gambling isn’t really one of them.
Can I play live dealer games with UNUS SED LEO?
No. Any LEO deposit you make will be converted into another option, most likely ETH, for gameplay purposes.
Can I claim LEO online casino bonuses?
This is no, too. Crypto casino bonuses can be claimed, but with another option – again, like Ethereum.
Is it safe to wager with UNUS SED LEO?
Safe – sure. However, you’re again going to struggle to find somewhere where this is possible. Safety isn’t the issue here.
Are LEO deposits free from fees?
Yes and no. LEO tokens can be used freely in the iFinex ecosystem. However, the second you start using them outside that space, you may be charged fees for processing payments. It depends on several factors.
