Solana crypto casinos - key takeaways
- Solana is the most energy-efficient blockchain.
- The Solana blockchain has more scalability, meaning a promising future.
- You can benefit from faster withdrawals with low fees.
- Deposit, gamble and withdraw anonymously
- You can enjoy access to provably fair games and other crypto casino technology.
Introduction to Solana (SOL) - A brief history
Solana is an exciting and innovative blockchain that was launched in the spring of 2020. It was founded by Ukraine-born Anatoly Yakovenko, and is named after the San Diego beach town where he used to live and work.
It was originally called “Loom”, but the team later opted to rebrand it. “Solana'' refers to the blockchain and crypto platform, while “SOL” is the coin – the same as “Ethereum” and “Ether”.
The reason why the Solana blockchain managed to make a quick impact on the crypto market is the innovative “proof of history” method that it uses to record transactions. This almost entirely bypasses the need for crypto mining, which means that it uses far less electricity than the likes of Ethereum. This is why it is considered to be the most environmentally-friendly blockchain available.
Benefits of Solana casino sites
Just like all other crypto casinos,
Solana betting sites
offer you faster transactions, more security and more privacy than you can get at any fiat casino. If you want to keep yourself anonymous, and your data safe from hackers, then SOL and other cryptos are good options. Additionally, you can also keep your online gambling payments off of your bank statement, which helps your credit rating.
However, Solana also carries some additional benefits of its own. For starters, the unique “proof of history” method that it uses is even more secure than the “proof of work” method used by Bitcoin and the “proof of stake” system that Ethereum uses. Moreover, it is also substantially more scalable, which gives it more promise than other new coins and blockchains.
On top of all that, the Solana blockchain is extremely energy-efficient, even more so than the lauded Ethereum blockchain. As a result, Solana casinos provide you with the most environmentally friendly way to gamble online.
Pros and Cons of Solana casinos
- More secure than other cryptos
- Energy efficient and environmentally friendly
- More scalability than Ethereum and Bitcoin
- Play provably fair and other crypto games
- Fast withdrawals with low fees
- More volatility
- Not yet beginner-friendly
How we ranked the best Solana online casinos
Right here on this page, you can find the
best crypto casinos
that currently accept Solana as a deposit and/or withdrawal payment method. However, when it comes to ranking these operators, the fact that SOL is an available currency is only one of the aspects that we consider.
At the end of the day, the most important thing is that you have a quality casino gaming experience while staying safe and secure. That’s why our experts put all of the crypto gambling sites that we review through a stringent testing process.
There are a number of different elements that we look at closely when ranking operators. Ultimately, what we are looking for is an online casino that offers you the best all-round experience.
How to find the best Solana casino sites
When going it alone, finding the best
crypto betting sites in 2024
that accept Solana can be a difficult task. Even just finding a legit and trustworthy operator in the crypto gambling world can be tough. And that’s why it's vital that you always seek out the help of industry experts.
Here at Strafe, you can use our operator reviews in order to find the best sites. We only recommend legit operators, and our reviews are categorised in a manner that allows you to find a Solana casino that suits your preferences as best as possible.
We focus on the following categories when finding the best sites:
- Licensing and security
- Bonuses and promotions
- Usability and feel
- Payment methods and processes
- Customer support
- Rewards and loyalty
- Games
- Odds and value
What advantages do Solana casinos offer?
We have already briefly listed the pros and cons of using Solana for online gambling and covered some of the benefits. Below, you can now take a more detailed look at the biggest advantages of using Solanar for crypto gambling online:
Speed
Above all else, the method used by the Solana blockchain makes it faster than any other cryptocurrency on the market today. It is even 3,000x faster than Ethereum, which was the last blockchain to really evolve cryptocurrency and blockchain technology.
Cheap
Solana transactions incur much lower fees than the likes of Bitcoin and Ethereum. As a result, you have the potential to save money in the long run by using SOL to make your online casino deposits and withdrawals.
Scalability
The fact that this blockchain has the capacity to process thousands of transactions in a single second not only makes it faster and cheaper, it also makes it more scalable. While not directly impacting your betting in the short term, this does suggest that SOL is here to stay and that its price will stabilise.
Value
The low fees that Solana offers can also benefit the online casino as well. As a result, they are more likely to lower the house edge and offer better value. Furthermore, on casinos with SOL, you can play provably fair games like Dice and Crash, which are much fairer and more transparent than traditional slots.
Anonymity
Like with all other cryptocurrencies, transactions made on the Solana blockchain are completely anonymous. This means that no one can trace these payments back to you and that your personal and financial data is not out there open to hackers.
Our favorite online casinos
How to sign up and play Solana casino games
In order to start playing
crypto gambling games
and enjoying the benefits of gambling with SOL, you will need to open an account. Before that, if you haven’t already done so, you will need to open a crypto wallet and purchase some SOL. Solana is supported by most wallets and is backed by major exchanges such as FTX, so you shouldn’t encounter too many issues here.
Once that’s done, you can open your account and start playing by following these steps:
Once you have found a suitable operator by using our reviews here at Strafe, you can open the registration form when you arrive on your website. You can then register by providing your email address and creating a username and password. Many
crypto sports betting apps
and casinos don’t require KYC, which can make this step even quicker.
First of all, you will have to verify your account by following the instructions contained in the link that will be sent to you by email. On some sites, you may have to complete a KYC or AML verification process before deposits and/or withdrawals. However, if you are using a totally anonymous operator then this won’t be required.
Deposit your funds in SOL
You can log into your account and head to the cashier to make your first deposit. You will have to select SOL as your currency and then enter the amount that you wish to deposit. After that, you can make the payment by copying and pasting the address provided or by scanning the QR code.
Now that your account has been opened and funded, you can start playing provably fair games. At a Solana casino, you will find a massive range of games including slots, live dealers and much more. Additionally, most operators will have a selection of exclusive crypto-friendly games that use provably fair technology.
At some point down the line, you will hopefully be lucky enough to have some winnings to withdraw. With SOL, you can make an online casino withdrawal within a matter of hours. Cryptocurrencies are faster in general, but as we said before, SOL is even quicker. To cash out, you need to select the “Withdrawal” option in your account, enter the amount that you want to take out and then provide your wallet address to receive the payment.
What does the future hold for Solana casinos?
Overall, the future for Sol casinos looks quite bright, even if we can’t predict anything with absolute certainty. The innovative and efficient blockchain suggests that Solana is very much here to stay, and that it has an important part to play in the future of online gambling.
Ethereum knocked Bitcoin off its perch by evolving the concept, and now Solana appears to have done the same to Ethereum. Moreover, Solana is already considered to be the best blockchain for NFTs. We are seeing a fast rise in the popularity of
NFT casinos in 2024, and SOL is very much a part of that.
Strafe verdict on Solana casino sites
As is the case with all forms of crypto gambling, there are both pros and cons to using SOL to play at an online casino. However, our verdict is that the advantages by far outweigh the disadvantages.
The speed of the blockchain and the low fees that this can offer are unrivalled. Furthermore, you still have access to provably fair crypto games and can maintain anonymity while playing.
We would encourage beginners to be cautious and perhaps use a more established cryptocurrency. However, for more experienced crypto gamblers, playing online casino games with SOL is definitely worth considering.
Our favorite online casino bonuses
Solana casino FAQ
🎰 Are SOL casinos legal?
A complex answer deserves a complete, yet clear and concise explanation – and that’s exactly what we aim to deliver here at Strafe.com. This article has been researched and written by our experts, who know the cryptocurrency online gambling landscape inside out.
⏲ How long do Solana deposits & withdrawals take?
Solana withdrawals and deposits are quicker than any other cryptocurrency. Keen to find out more? Then follow the link to our SOL gambling guide, where we have provided full details of the deposit and withdrawal processing times, plus a whole lot more.
❓ How do SOL casinos work?
SOL casinos work in much the same way as other crypto gambling sites. Naturally, however, there are some elements that are specific to this blockchain and coin. For more information, you can check out this expert guide here at Strafe.com.
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