Take a closer look at Solana, one of the top cryptocurrencies that had just recently been launched in 2020. Solana has been similarly compared to Ethereum, however, there are a few aspects where Solana separates itself from Ethereum, and there are even a few features in which Solana overturns Ethereum. If you’re interested in learning more about this recently prospering cryptocurrency and of course a curated list of some of the top Solana casinos on offer, then look no further!
About Solana
Solana and Solana casinos may be considered to be rather new to the scene, this is simply because Solana had been officially launched in 2020. Solana is an open-source project offering smart-contract functionality, Solana was founded by Anatoly Yakovenko in 2017, and officially launched in 2020, the project is currently run by the Solana Foundation based in Geneva, Switzerland. Solana’s blockchain was built by Solana Labs in San Francisco. Solana attracted a great amount of attention due to its similarities to Ethereum, and also offers faster and cheaper transactions as opposed to other top cryptocurrencies.
What is Solana?
Solana’s Functionality
Solana can be similarly compared to Ethereum and even Cardano, this is simply because Solana is an open-source project and decentralized blockchain, that also provides smart-contract capabilities. Some of Solana’s most eye-catching features include the ability to mint, sell and trade Non Fungible Tokens or NFTs, Solana also allows users to develop Decentralized Finance Applications or Dapps, and Solana can also offer users the ability to create Blockchain and Web3 Games.
Solana's hybrid Proof-of-History and Proof-of-Stake consensus mechanism guarantees a rather high transaction throughput of more than 50,000 transactions per second (TPS), this essentially makes Solana a quicker and more cost-effective network than Ethereum, Solana also promises to uphold extremely low gas fees, at under $0.01 for both developers and users.
Solana Token (SOL)
SOL is the native Token of the Solana Blockchain with a circulating supply of 337,328,513 SOL coins, Solana’s market cap is currently $18,041,111,585. The current value of 1 SOL Token is placed at $53,03.
Together, these features have made Solana a prevalent cryptocurrency option for investors and online gamblers alike. Since its increase in popularity Solana has become available for play at many of the top real money online casinos. After taking a closer look at some of Solana’s features it’s easy to imagine that many more online casinos will have this cryptocurrency available for use within the near future.
The Best Solana Casinos
Online gambling has become vastly popular in recent years, reasons for this increase in popularity can largely be attributed to the convenience with which online gamblers are now able to access different online casinos. Additionally, the number of online casino games as well as bonuses that have become available to both new and existing players at these online casinos have vastly contributed to the increase in popularity of online gambling.
As popular as online gambling has become, Solana casinos are far more difficult to come by than one might imagine. However, there’s nothing to be considered, LatinTimes.com has created a specially curated list of all the top Solana casinos so you don’t have to!
How We Review Solana Casinos
Here at LatinTimes.com, we take online gambling rather seriously in hopes that our viewers can spend their time at a new online casino cheerfully. Our team uses a set standard to consider the quality of each online casino, the quality of the online casino can best be determined through several factors, the factors we have taken into account include:
- Security & Fairness
- Bonuses & Promotions
- Gaming Selection & Software
- Accessibility
- Mobile Compatibility
- Banking Options
- Customer Support
Top Solana Casinos
BC.Game casino takes the cake for top Solana casino and with good reason too, BC.Game was founded in 2017 and is fully licensed under Curacao eGaming Authorities, this means players are assured that the casino operates fairly and provides a safe platform as they are a regulated online casino. BC.Game offers an array of 2700+ casino games including slots, table games, live casinos, and 25+ provably fair in-house games, not to mention that sports betting is now also available at BC.Game casinos, offer players popular sports such as soccer, American football, and even esports options. Of course, players will find the option to use Solana for both playing casino games and sports betting at BC.Game casino is also a large factor in BC.Game reaching our number 1 position of best Solana casinos.
The games are available at BC.Game casinos are brought to players by some of the top providers in the industry such as NetEnt, Evolution Gaming, and BetSoft. BC.Game features unique and interactive bonuses, where players can even earn bonus rewards for participating in the online chat that BC.Game has been made available to players. This vibrant online casino truly offers a unique online gambling experience through an engaging platform that allows players to connect, while also providing a great variety of bonuses and provably fair casino games.
2. BetFury
BetFury is classified as a gambling Dapp and is possibly one of the most complex gambling Dapps that are available. BetFury was first established in 2019, after BetFury’s initial launch it soon became a popular online casino due to its various alluring features, including a license under the Curacao eGaming Authorities, as well as the great number of games and promotions available to players. As of today, BetFury has become a complex gambling Dapp with more than 3,000 different casino games and also provides a sportsbook, here players can expect to see in-House Games, Slots, Live Games, Table Games, as well as popular sports betting options such as soccer, American football, and esports.
Though BetFury may not offer a welcome bonus package, here, for every 20 minutes spent on the BetFury site or Dapp, you will receive free crypto, including Solana, this works similarly to the way a Bitcoin faucet would. Players are also able to earn various cryptocurrencies from the crypto faucets which are known as BetFury Boxes. All these features together have not only made BetFury an extremely popular casino within the industry but also one of the top Solana casinos that are available, making BetFury the runner-up on our list of the best Solana casinos!
3. CryptoGames
CryptoGames had fully launched in 2020, being of the very first online casinos to accept Solana, and is fully licensed by Curacao eGaming Authorities. All the games provided by CryptoGames casino are provably fair and offer a great house edge.CryptoGames casino doesn’t focus on making the most bonuses and casino games possible available to players, however, CryptoGames provides a fully anonymous and transparent gambling experience. Here the main focus is the brilliant house edge, provably fair games as well as their very own crypto faucet.
Though CryptoGames casino may not offer any sort of deposit bonuses, players can benefit from a crypto faucet promotion, where players may request a small number of coins every 3 minutes, the bonus quantity will depend on your faucet level. At Crypto Games casino players can increase their faucet level through wagering coins, sending chat messages, loyalty in days, investing coins, and referrals! The games available at CryptoGames are Dice, Slots, Blackjack, Roulette, Video Poker, Plinko, Lotto, and Minesweeper.
Why Use Solana For Online Gambling?
Solana Is 1 of The Top 10 Cryptocurrencies
Solana offers great features through smart-contract functionality, opportunities to develop Blockchain and Web3 games, as well as the ability to mint, sell and trade NFT tokens, this all together has made Solana vastly popular in recent years. Considering that Solana offers impressively short processing times including its hybrid protocol which allows for a drastic decrease in validation times for both transaction and smart-contract executions, one can imagine why this might benefit an investor or online gambler.
Fast Transaction Confirmation & Extremely Low Network Fees
Solana offers faster transaction speeds than the Ethereum network as well as promising extremely low transaction fees. For an online gambler, a cryptocurrency that can provide fast transaction times will be far more beneficial than ones that take longer to process. This is simply due to the fact when online gambling, playing a casino’s games should be the main focus of the experience and not battling with deposits or withdrawals.
Therefore when online gambling with Solana, which offers fast transactions at a low cost, online gamblers can be sure the deposit they have made to the online casino will be processed quickly as well as not face intense gas fees on the deposit. Solana is also extremely proficient when dealing with mall network fees. This can allow players to visit various casinos while depositing and withdrawing funds easily.
Pros & Cons of Solana Gambling
Considering that online gambling with cryptocurrency can offer players faster transactions at much lower costs as opposed to some FIAT currency options is already a large benefit of Solana gambling. However, here at LatinTimes.com, we like to expose our viewers to the most impartial and comprehensive information we can. Here are some of the most immediate Pros & Cons of Solana gambling.
Pros of Solana Gambling
- Solana uses a proof-of-stake and proof-of-history consensus method to validate transactions, cryptocurrencies that use proof-of-work consensus methods such as Bitcoin, are far more energy-intensive in terms of validating transactions whereas Solana is much less energy-intensive in this aspect. This makes Solana more eco-friendly than some of the other top cryptocurrencies.
- Solana’s hybrid protocol, which is a proof-of-stake and proof-of-history consensus method, this algorithm essentially helps Solana process transactions much faster than alternative cryptocurrencies such as Ethereum, Solana can process up to 50,000 transactions per second .
- Due to Solana’s exceptional transaction processing the Solana network is capable of dealing with intense network congestion, other top cryptocurrencies such as Ethereum will face high gas fees when the network becomes congested. Solana can process up to 50,000 transactions per second, this means the Solana network will much lower gas fees on transactions when many people are trading Solana.
- On account of Solana’s features, Solana has gathered a great bit of traction in recent years. Not only is Solana considered to be within the top 10 list of best cryptocurrencies , but, Solana is also backed by large companies within the crypto atmosphere such as the popular cryptocurrency exchange FTX, and the esteemed cryptocurrency wallet Coinbase.
Cons Of Solana Gambling
- The first downside to Solana gambling is simply based on how few online casinos offer Solana payment options . This can affect the overall Solana gambling experience as players are restricted to a set of certain casinos. The reason for Solana’s scarcity within online casinos can be because Solana is still in the process of gaining more popularity.
- The second drawback to Solana gambling can be considered a drawback to gambling with cryptocurrency as a whole. Cryptocurrencies are extremely volatile , this means the value of a cryptocurrency will change rather drastically and frequently. This creates a risk when purchasing and gambling with cryptocurrency .
Starting Solana Gambling
Now that the fundamentals of Solana are understood, including a specially curated list of the top Solana casinos, there are only a few simple steps to follow and you’ll be on your way to cashing out wins from your Solana gambling experience!
We always urge our players to take their time when online gambling and especially when gambling with cryptocurrency. Cryptocurrencies are extremely volatile this can create a larger risk when purchasing cryptocurrency to gamble online, with this in mind here are the steps to follow in getting started with Solana gambling:
#1 Select Your Favorite Solana Casino
The first step and often most crucial, here selecting a reputable online casino should be one’s main focus, here at LatinTimes.com online gambling is what we do best, our specially curated list of top Solana casinos is here to help guide you to your perfect Solana casino. Simply select a casino that best suits your needs as a player. Once you have selected your most preferred Solana casino from our list it’s time to sign-up and verifies your account at sed casino.
#2 Purchase Solana
The next step is in fact to purchase Solana, If you already have Solana within an e-wallet you can begin depositing Solana at your previously selected online casino, remember that you must complete the sign-up and verification process of your account at the online casino. To purchase Solana, we advise gamblers to locate a popular and reputable crypto exchange such as Binance or Kraken, after you have located an exchange you’ll have to create and verify your account. Once your account has been completed and the correct information has been verified you will then be able to purchase Solana within the exchange platform.
#3 Keep Your Sol In A Wallet
The most important aspect of this step is deciding whether you wish to keep your Solana in a hosted wallet or a non-custodial wallet. The difference here is simply that a non-custodial wallet does not involve a third party, you are utilizing software from a company to store your cryptocurrency within an application such as MetaMask, however, the company has no control over your cryptocurrency. This means you are in full control of the safety of your passwords, you must ensure you remember them and protect them from others, if you forget the passwords or someone gains access to these passwords the responsibility is all on your shoulders.
With a hosted wallet, one essentially involves a third-party company, this can have major benefits, for example, the third party will store your passwords, therefore if you have forgotten the passwords of your wallet it is not detrimental. This, however, will affect how you use cryptocurrency stored by a hosted wallet as the company may have certain restrictions, for example, Coinbase, a popular cryptocurrency exchange, forbids its users to purchase cryptocurrency for the use of online gambling.
# 4 Deposit Solana & Begin Gambling
Players must take their time when depositing funds at an online casino, to ensure one’s Solana is deposited to the correct address we urge players to copy the address of the online casino you wish to deposit funds into and paste it into your wallet where you will complete the transaction, again we urge players to ensure that all the unique characters are exactly similar, as one small mistake in the unique address could mean you lose your deposit. Online casinos process transactions at different speeds, the Solana you have deposited at the online casino may only reflect within a few seconds, hours, or even days. Once the Solana reflects within your online casino account you will then be able to begin gambling at the online casino!
FAQ
Are Solana gambling sites legal?
Solana gambling is likely to be legal most of the time, however, as an online gambler, one must ensure that online cryptocurrency gambling is legal within their country of residence. It is also important that when online gambling with cryptocurrency you have acquired the cryptocurrency from an exchange that does not restrict cryptocurrency gambling.
Can I gamble anonymously with SOL?
Yes, you can! When storing Sol in a wallet your wallet address will essentially be the only information that can identify where one's Sol is and where they have been sent, this means that one can remain anonymous to an extent. If you are to increase your anonymity one should use a different address each time they receive a payment, one can also use various wallets as well.
Is gambling with Solana safe?
Gambling with Solana is indeed safe, however, it can also be extremely risky. If players focus on playing at licensed and reputable online casinos half of the risk is already taken away as one can be sure the casino operates fairly. Additionally, it is always important for players to consider the risk of purchasing cryptocurrencies such as Solana, where most of this risk lies within the volatility of cryptocurrency itself. After considering both these aspects, players can mitigate the risk involved with Solana gambling.