FUN Token Online Casinos

With the huge popularity of cryptocurrencies across the online gambling industry, a company designed coins that could be used across online casinos only, called FUN Tokens. The online gambling industry, being among the first to embrace crypto, was a perfect environment for the company to launch its coins, to be available to all players looking for safe and fast transactions across online casinos. The innovative company created something we all wished for. What are FUN Tokens and why use them for deposits and withdrawals across online casinos?

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FUN Token FAQs

About FUN Tokens

As introduced, FUN Tokens are the native coins of an innovative company FunFair Technologies. But to tell you how they came to be, we must first mention their creators. Two iGaming veterans Jeremy Longley and Oliver Hopton and the tech entrepreneur and investor for the whole project Jez San OBE are the names behind it. The trio wanted to create an above all fun, but also decentralized and truly fair online gambling environment powered by blockchain technology. And that’s how FunFair Technologies came to be, the blockchain group created in 2017. The company’s headquarters are in Singapore, but it has offices in London and Dublin, as well.

For its medium, the company chose Ethereum blockchain, which enables a secure network, eliminating the need for any possible vulnerabilities and the need for traditional servers. If you know more about Ethereum, you know that its blockchain functions on smart contracts, and thanks to these smart contracts, FunFair Technologies had the power and resources to run the game code without third-party interference possibilities.

What the company did was create a way more fun, more user-friendly and fairer experience for all parties involved, online casino operators, software providers and more importantly, players. Developing a protocol and platform leveraging the transparency and security of Ethereum’s blockchain, the company created its ecosystem that linked all parties involved together, in real-time. Thus, it, indeed, managed to revolutionize online gambling as anyone knew so far.

Now, the group also created CasinoFair, a brand on its own, to deliver the ultimate experience to those interested in using FUN Tokens for online gambling. The casino was founded a year later, in 2018, and the interesting part is that it only offers proprietary games, developed by the company itself.

Another fun fact about the FUN Tokens is that the batch that was created and launched on the 22^nd of June, 2017, during the Token Event, is the only batch that will ever exist. No new coins will ever be created. Contrary to other cryptocurrencies which can be mined, there’s only a certain number of FUN Tokens launched back then and no new tokens can ever be launched. There are around 11 billion coins circulating on the blockchain, therefore, the number is not small at all.

Types of Services Offered

Similarly to other cryptocurrencies, to get started with FUN Tokens, you would need to create an eWallet account. You can use the company’s own wallet FunFair Wallet, but also Metmask, recommended by the group. Trezor, MyEtherWallet and Ledger NanoS are some other options that you can explore.

Once you decide on your wallet, you would need to purchase some coins. You can do that directly from the FunFair platform, at multiple exchanges. Some exchanges that sell and buy these coins are Binance, EtherDelta, Nove Exchange and HitBTC. You should know at this point that all transactions will be publicly available and trackable at CoinMarketCap and Etherscan, even though they will be anonymous, meaning even though your ownership, your name, won’t be published.

So, provided you’ve created your wallet account and purchased some coins, you can start using the solution across online casinos. If anything is unclear to you, just visit the official website and you’ll learn everything about the tokens and how they work.

How to Deposit with FUN Tokens?

We mentioned that FunFair had created its own casino, CasinoFair, but you must be wondering… Are there any other casinos you could join to play using these coins? The short answer is yes. The long answer is, due to the fact the solution was created not that long ago, the list of casinos that accept it is not that long. Yet, there’s a decent number of casinos that do, so just do your research and find one suitable for you to join. After that, you would need to join the casino and do the following:

1. Visit the casino’s Cashier/Banking page and look for FUN Tokens’ logo.
2. Click or tap on the icon and you’ll be redirected to a different page.
3. This is where you’ll need to enter your wallet credentials.
4. Specify how much you’d want to deposit and the address, the key.
5. Confirm the transaction and your coins will arrive at your online casino balance in real-time.

How to Withdraw Winnings with It?

Payouts with FUN Tokens are as easy. As long as you follow the same procedure as you did for deposits, you’ll be fine. The only difference is that you’d need to specify how much you’d like to receive from the casino, meaning how much you’d like to withdraw, and enter your wallet address, so that the casino can send you your winnings as soon as it reviews your request and confirms that everything is in order.

But, the beauty of FUN Tokens is that any winnings you make at the casino are held escrow by the blockchain. Therefore, the solution can process withdrawals faster than any other, and your withdrawal will be paid out in an instant. You won’t need to wait for days or weeks to receive your winnings.

Country Restrictions and Other Limitations

There are no known country restrictions when it comes to FUN Tokens. You should only be aware of your country’s laws and any possible crypto bans. Unless your country is against the use of cryptocurrencies, there’s no reason why you should not use FUN Tokens. But, if your country has banned the use of crypto or forbids it, you might want to reconsider their use and choose a different, traditional method to transact across online casinos with.

No other limits apply when it comes to your transactions. You can send as much as you want, whenever you want. However, when it comes to other limitations, we should mention two important ones.

The first thing you need to know about these coins is that their value fluctuates, just like with any cryptocurrency. You have to be vigilant and very careful as to when you transact with it if you don’t want to lose money.

The other thing we must mention is that not a big number of casinos accept it. To find one that you’d like to join, you’ll need to dig deep. Or, if you want to play on the safe side, then just join CasinoFair. That way you’ll know you’ll be getting the ultimate online gambling experience with FUN Tokens.

Advantages and Disadvantages

Let’s state the obvious disadvantages first so that we can then relax and reinstate all the positive aspects of FUN Tokens. The fact that not that many casinos accept it may be a discouragement, as well as the fact that the coins’ value fluctuates. But then again, if you’ve ever been involved with crypto, you know that all digital currencies’ values fluctuate. As far as the availability goes, the number of casinos that accept it may be small now but expect for it to grow immensely in upcoming years.

Now, let’s get to the good part. The advantages you’ll receive when playing with these coins are unrivalled. We must mention the fact that the coins are decentralized, and even though all transactions are trackable, your anonymity remains, and no one will know that you’re the owner of those coins and how you’re moving them on the blockchain.

On that note, considering FUN Tokens are available via Ethereum’s blockchain, an already well-established and trusted blockchain system, you can rest assured that your money will be safe with it. There won’t be any third-party interference, no frauds, no worries.

But as an online casino player, the biggest advantage you’ll get for using FUN Tokens is that all of your deposits AND withdrawals will be instant. You won’t need to wait for days for your winnings to arrive on your account, therefore, you’ll really receive next-level entertainment.

Add to that the fact that no country restrictions exist when it comes to using the solution, and there you have it: the perfect solution to use for online gambling purposes.

Final Analysis

It is clear as day that FUN Tokens have a lot to offer to the modern online casino player. They were designed with the player in mind, to make the players’ online gambling as smooth and as fun as it could be. There’s no doubt that you would be amazed by its qualities once you start depositing and withdrawing with it since you’ll love the speed with which transactions are completed, the easiness and the bulletproof security.

If there’s one thing you won’t like about these coins is the fact that their value fluctuates. But you should have been prepared for that, considering all crypto’s values fluctuate. And, you might not like the fact that you would need to look hard to find a bunch of casinos that accept them, but as soon as you find two or three, you’ll see that you’ll find the right one for you quickly.

Overall, we must say that the benefits you’ll get for choosing to play with FUN Tokens would prevail when compared to the downsides. So, it will cost you nothing to at least try using the solution at a suited online casino. As soon as you get started with it, you’ll see, you won’t be able to stop it.