It’s not a surprise that one of the most popular use-cases for cryptocurrencies is gambling. Anonymity, speed, and transparency are some of the most significant benefits gained from using cryptocurrencies when gambling.

The crypto-gambling industry has become an industry on its own with close to $5 billion wagered just in Bitcoin since 2014. Crypto gambling continues rising in popularity every single day as traditional gamblers are looking for better alternatives.

One of the main differences between traditional casinos and crypto-based ones is the anonymity offered by cryptos. Whenever you are using a traditional casino, you will most likely have to give out some of your personal information, at least your name and credit card/bank information.

This could even lead to credit-card fraud which is definitely a concern when using new casinos. You can definitely get scammed using cryptocurrencies, however, no one will have access to your personal wallet, at most, a hacker or scammer can only steal the funds deposited inside the casino.

Crypto-casinos offer dozens of benefits but not all of them are great. There have been numerous scams due to the lack of regulations and laws surrounding cryptos. Earnbet, however, has been operating since 2016 and it’s regarded as one of the safest crypto-casinos in the world thanks to its decentralized deposit system.

$50 FREE Bitcoin Sign Up Bonus

1. Sign up for an account on EarnBet.io

There is no email or password required, just choose a fun username (you can even use emojis 😎) and save your recovery words.

2. Second, deposit $100 of any crypto you like!

We accept BTC, EOS, ETH, XRP, LTC, BCH, and BNB. You can either make one deposit over $100, or multiple deposits in different cryptos! It just has to total $100.

How Did Earnbet Start?

Earnbet was initially known as Eosbet. Earnbet has always been known for being the first fully licensed and decentralized crypto casino built on the EOS blockchain. Earnbet is owned and operated by Aurora Tech N.V. but was formed by former gamblers. In fact, Earnbet was initially launched on the Ethereum network, however, the network was facing a lot of scaling issues and the team of Earnbet decided to swap to the EOS blockchain for a better scalability.

The casino was established in 2016 and it’s available in several languages and accepts multiple cryptocurrencies. Earnbet had a lot of early success thanks to its innovative provably fair system. Players are always 100% sure their bets are entirely random and can submit their own seed or use a random one to check and verify each one of their bets at any time.

The success that Earnbet ‘earned’ was most likely due to the amount of transparency offered but also the quality of their services. With no hidden fees on betting, CPU or RAM and allowing players to have full control over their deposits and wagers, Earnbet has quickly earned the respect and admiration of many crypto gamblers.

Earnbet is centered around players, unlike most casinos, Earnbet is built in a way that allows everyone to win. Being a decentralized casino and application, Earnbet offers some innovative features like the ability to have full control over your funds using a decentralized system that does not require players to set up a wallet.

Earnbet acts like a decentralized exchange, which means you don’t have to send your private keys to anyone and your funds cannot be stolen. Deposits and withdrawals are near-instant and the house edge is one of the lowest in the whole industry.

Over 27 million bets since 2018 Earnbet has become one of the most successful decentralized applications by transaction volume. Built on top of the EOSIO blockchain but later on switching to the WAX Blockchain, the casino quickly gained reputation by being the first crypto-casino to obtain a gambling license. Focusing on user experience and building a simple and intuitive interface, the experience a player gets by using Earnbet is smooth and enjoyable.

EarnBet is now recognized as one of the best crypto-casinos in the world by important publications, articles, and websites like Blockduo. The team of Earnbet has grown from just 6 members to 40 in a few years thanks to hard work.

How is Earnbet Empowering Players?

Since the beginning, Earnbet has always tried to help players as much as possible building its platform around the idea that most gamblers are average players. Earnbet created a simple and fast sign-up system and an intuitive interface that allows anyone to start playing in seconds.

Earnbet tokens (BET) were created to allow players to benefit from the overall profit of the casino. Earnbet is one of the few casinos that enable gamblers to make passive income thanks to BET tokens.

The process is also extremely simple as you only need to own BET tokens inside your EarnBet or WAX account. If you own 1% of the total tokens, you get 1% of all the future profits of Earnbet, forever. It’s really that simple.

But it doesn’t end here, EarnBet also has a BET token burning program active. The team of EarnBet buys back BET tokens from time to time and burns them. This process ensures the price of BET doesn’t fall off. Additionally, players can participate in the lucrative referral program to earn even more rewards.

While this might sound too good to be true, in this case, it is true. EarnBet has already distributed more than $4 million to BET token holders in just one year. Ever since its launch, Earnbet has been geared towards providing players with the best user experience. The BET token has become a staple amongst the gambling crypto industry. In the last 2 weeks alone, Earnbet has sent out over $80,000 in dividends.

After its huge success, crypto casinos are now following the same line of business Earnbet has adopted. BET tokens are now available on exchanges as well which means outsiders can also profit from dividends. BET was listed on Binance DEX and Newdex and will continue to be listed on more exchanges to further increase its exposure.

The Future of Earnbet

Earnbet has always strived to become the best decentralized crypto-casinos in the world. The platform has seen tremendous improvements over the years accepting only Bitcoin at first.

Currently, the crypto-casino supports Bitcoin, Ethereum, Litecoin, and a few more cryptocurrencies and offers six different casino games including Dice, HiLo, Baccarat, Crash, Jackpot, and Blackjack which is currently in the beta testing phase.

EarnBet is continuously improving and it has already disrupted the whole crypto-gambling industry. Earnbet has held and created hundreds of events and giveaways over the past few years. Players can participate in a multitude of giveaways, airdrops, events, challenges and more.

EarnBet has recently introduced FUN tokens which have no value but allow players to test out any game. Every single Earnbet account is credited with FUN tokens upon registration. The platform has been investing heavily in development in 2020 and has recently hired another developer and increased its marketing budget.

Conclusion

The crypto-gambling industry has become a multi-billionaire industry and continues to grow at a tremendously fast pace. Cryptocurrency casinos allow everyone from anywhere to participate and gamble. EarnBet is one of the few decentralized and licensed casinos that allow players to be in full control of their funds while playing.

A provably fair and transparent crypto casino that enables players to profit in the form of dividends by holding BET tokens, that’s Earnbet. The popularity gained over the last years and the more than $4 million distributed to holders shows that Earnbet is here to conquer the entire industry.

Earnbet is perhaps the only casino in the world that allows everyone to win in some way. Whether it is by holding BET tokens, gambling or participating in the numerous giveaways and promotions, players on Earnbet always have a way to profit.