Best Solana Casino: How to Bet With SOL on 1xBit
With cryptocurrencies becoming the norm in the betting sphere, many casinos have incorporated them as payment methods. 1xBit is one such casino, and it also you to bet using Solana (SOL).
Read on to find out why it is regarded as the best Solana casino, and get to know the numerous Solana casino games you can play on the site.
Table of Contents
- What is Solana?
- 7 Benefits of Betting Using Solana
- How to Bet with (Solana) SOL on 1xBit
What is Solana?
Solana is a fourth-generation blockchain platform designed to host secure, scalable, and decentralized applications. Since its launch, it has become popular in the crypto sector as it currently ranks as the 11th largest crypto coin by market capitalization.
Unlike its predecessors in the crypto sphere, which operate using the proof-of-work (PoW) mechanism, Solana operates with a blend of proof-of-history (PoH) and delegated proof-of-stake (PoS) consensus model.
With the PoH mechanism, blocks in the Solana chain are defined using timestamps, meaning transactions are relatively faster compared to other blockchains. On the other hand, The PoS model allows validators to verify transactions on the blockchain depending on the amount of SOL tokens they hold.
Solana has a total supply of 500+ million SOL tokens, with slightly over 300 million of them already in the market. SOL tokens are also available in fractional amounts called lamports and can be purchased in most crypto exchanges.
7 Benefits of Betting Using Solana
Here are some of the main benefits you can get by placing your wagers using Solana.
Cost Effectiveness
Whenever you visit any Solana crypto casino, you will realize that betting with SOL is convenient compared to traditional wagering methods. Solana transactions are cheaper since the network charges lower gas fees than its competitors.
Faster Transactions
As mentioned earlier, the PoH mechanism used by the Solana network allows it to process transactions almost instantly. The network has a minuscule block time of 400ms, meaning it can process thousands of transactions in a single second.
Every time you win a bet wagered using SOL, there is a guarantee that the Solana casino will pay your winnings almost instantly.
Enhanced Security
The blockchain tech used by Solana guarantees gamblers traceable, transparent, and irreversible transactions free from third-party interference from institutions such as banks. Blockchains like Solana are also less vulnerable to hacks, meaning your money's safety and security are assured.
No Geo Limitations
Unlike betting with fiat currencies that are country-specific, the decentralized nature of Solana allows you to place wagers from any place in the world, provided it is accepted as a mode of payment.
Reliability
Though SOL is a relatively new cryptocurrency, it has gained global popularity quickly and has many users, showing that gamblers can rely on it.
It is Environmental Friendly
For the environmentally conscious bettor, you can have a guilt-free betting experience at any Solano casino because the PoH protocol used by SOL tokens is not as energy-intensive as in other cryptos.
Enhanced Anonymity
When transacting using a Solana wallet, you don't provide the sportsbooks with your financial and personal information, which allows you to place bets anonymously.
How to Bet with (Solana) SOL on 1xBit
1xBit is one of the best Solana crypto casinos, giving users countless bet markets on various gaming disciplines, including sports and casino games. To place wagers on 1xBit, follow the procedures outlined below.
First, visit 1xbit.com and click on the ‘Registration’ tab on the homepage. Then, provide your personal details to complete your registration process.
After creating your account, log in by entering your password and email.
Once you are done, make your first Solana deposit by clicking on the deposit tab.
The site puts forward numerous crypto options that you can use. Look for the Solana logo and click on it.
After affirming Solana as your payment option, the site will display a QR code and an address that you may use to make a deposit. At 1xBit, the minimum amount that you can deposit is 10.52 mSOL.
You can use Solana to play any casino games that you would like. To start, you will click on the ‘Live Casino’ tab on the homepage.
On the left side of the website, under ‘CATEGORIES’, choose the casino game you wish to wager on. In this example, we have selected Roulette.
Click one of the games provided, select the event and outcome to place a bet on, give your preferred stake, and wait for the results.
Solano is gaining popularity by the day, and 1xBit has introduced it in its portfolio to provide unlimited options and benefits for crypto casino gambling lovers.
Register on 1xBit today and get treated to an unmatched Solano betting experience.