Crypto casino players have hundreds of options to choose from nowadays. However, some crypto tokens, altcoins and stablecoins are generally better suited for gambling than others. VeChain is one of the lesser-known options, despite being around for almost a decade. Why should you make use of VeChain to gamble at casinos?
Join us as we explore what VeChain is, how it works, and what types of games you can play. Let’s begin by taking a quick look at some of the best-known VET casinos you can join. These trusted sites have all won our seal of approval and include the following:
VeChain first debuted in 2015, when it was created by Sunny Lu. Every crypto token usually has a purpose, and VeChain is no different. Its goal is to lower the costs of transactions and increase the transparency and efficiency of crypto supply chains. It does this by making use of two tokens, one known as VET (VeChain Token) and the other known as VeChainThor Energy (VTHO). The latter is the gas (similar to Ethereum) which powers any smart contracts associated with VeChain. Naturally, when we’re dealing with smart contracts, cryptocurrencies tend to run on Ethereum’s blockchain, and VET is no different.
VET is a cryptocurrency that the casino gambling world has only recently started paying attention to, despite it having been around for almost a decade. Predictably, VeChain casinos are betting sites that actively support payments made using VET. Because VET runs on Ethereum’s blockchain and utilizes smart contracts, it has a broad presence in the online casino world.
Much of whether your chosen casino accepts VET as a wagering currency in its games comes down to the Ethereum network and smart contracts. For the most part, there are many ERC-20 tokens that do this, so it shouldn’t be too much of an issue to find most casino games playable with VET. However, it should be stressed that VET is still one of the newer crypto tokens accepted at casinos, so the selection may not be as diverse as with, say, Tron, Tether, or Solana.
If you’re looking for the benefits of using VeChain at crypto casinos, these include:
Because VeChain has real-world partnerships with established brands and corporations, you know that you can trust it. If it’s good enough for globally recognizable companies, then it must certainly be safe for you to use online.
VeChain is open and flexible for developers to use. This means that there is a greater probability of VeChain being accessible for those producing casino games and platforms. The smart contract nature of selected cryptos appeals to many bettors, so VeChain wins plaudits for going down that route.
We wouldn’t be doing our homework without at least mentioning a few of the downsides to VET, and these include the following:
Unfortunately, VET is not the best cryptocurrency to use when it comes to transaction fees. There are high minimum deposits for running nodes, while (depending on where you play and purchase VET from) withdrawal fees can also be a touch on the high side compared to rival tokens.
Despite it seemingly being set up for crypto gameplay, VET is just one of a number (and we do mean many) of cryptocurrencies offering similar smart contract services. Therefore, it can often appear lost in the crowd and gets drowned out compared to more mainstream cryptocurrencies.
Be sure to read these short snippets of information before you decide to sign up and play at a VeChain casino today:
Prospective VeChain players can get off to a flying start by choosing either of these top VET crypto casino sites:
Start playing with VeChain casinos today by completing these short steps:
There is no denying that VeChain has a quality cryptocurrency and service at hand. However, the nature of it and how it works don’t differentiate VeChain from other cryptos doing the same thing, and some of those are more mainstream. We can certainly recommend using VeChain, but it does tend to get swamped and crowded out by some of the more popular options, which are just as good, if not better.
No. However, any online casino that uses smart contracts and makes use of Ethereum’s network could possibly accept VET.
This is a question that only your chosen casino can answer. In some cases – yes. In others, not so much.
Again, you’re likely to face mixed results here. Your best shot is to choose one of our recommended VeChain casinos.
Safety is absolutely not an issue you need to worry about. VeChain uses a block-finality mechanism to guarantee the security of blocks and transactions. There’s nothing to worry about here.
Not by a long shot. VeChain is one of the costlier tokens you can use, with withdrawal fees of 100 VET and transaction fees of 21 VTHO expected.