If you are serious about diving into the real-money crypto gambling world, then you must expand your knowledge to more than just Bitcoin or Ethereum, as an example. NEO is one of the fastest-growing open-source decentralized blockchain platform founded in 2014 by Da HongFei and Ering Zhang.

It was formerly known as Antshares, but it rebranded itself into NEO in 2017. Without going too much into details straight away, let’s take a look at what you can expect at NEO Casinos, part by part.

About Neo

Since the rebranding in 2017, NEO has been gaining a lot of attention in the crypto world. Some call NEO the Chinese Ethereum as it functions on smart contracts. It also combines digital IDS and assets, creating a smart economy along the way.

So, it creates the whole ecosystem, as all those physical assets can become digital through tokenization. Even though there are some similarities between NEO and Ethereum, there are key differences you need to know of.

First off, there is a limited number of NEO coins, similar to Bitcoin. There are 100 million NEO coins that have been generated, and that are pre-mined. Instead of mining, you just stake Neo coins to support the ecosystem.

NEO has something called NEO IDs, and you need that before you start trading on the NEO platform. All these NEO IDs have to be verified in a few ways:

• Facial recognition.
• Fingerprint.
• SMS confirmation.

This is done to satisfy China’s regulations, so as you can imagine, some argue that the process undermines the entire privacy which is crucial for cryptocurrencies. Lastly, there are two tokens connected to NEO:

• NEO – the token for your ownership of the blockchain network.
• Gas – a fuel token that you use to pay for transactions.

Benefits of Neo at Casino Sites

Now that you know how NEO works, it is time to dive deeper into the main advantages it holds when you use it for gambling.

Here, we have to mention the volatility aspect. Neo is volatile, just like other cryptocurrency, but due to the fact that it adheres to some regulations, the volatility is relatively tame.

Up next, when you use NEO to play your favourite games at Crypto Play Casinos, you can enjoy swift cashouts. Note also that NEO Casinos usually have higher deposit and withdrawal limits than your average fiat gambling sites.

It also goes without saying that Neo is a secure payment method thanks to the blockchain. With all that mentioned, you can enjoy the following benefits of Neo for gambling:

• Easy way to purchase NEO.
• Low transaction fees.
• Instant deposits & withdrawals.

How to Make Deposits at NEO Casinos?

Making deposits at NEO Coin Casinos is easy. You’ll find the cryptocurrency at most trusted exchanges. Once you buy some and store it in a wallet of your choice, funding your casino account is a breeze.

• Choose a crypto casino that accepts NEO
• Register and log in
• Go to the cashier page and choose NEO from the list of options
• Enter the desired amount
• Click on deposit and finish

The deposit should be available immediately. You’ll only pay a small network fee when using NEO – casino fees are usually scrapped.

How to make Withdrawals at NEO Casinos?

When you make a NEO Coin withdrawal request, you will most likely receive it in the crypto wallet you’ve used previously. In short, the wallet you used for a deposit is an automatic pick for withdrawals at most NEO Coin Casinos.

This is done to prevent fraud, and makes withdrawals even easier. As long as you have a withdrawable balance, you’ll receive the funds on your favorite NEO wallet.