UNUS SED LEO is not a cryptocurrency that you’re going to find widely available at online casinos, and there’s a good reason for that. It is predominantly a utility token used in the iFinex ecosystem, so it is not a true cryptocurrency for multi-use practical purposes, per se. However, does that mean that you can’t gamble at all using LEO? As always at BTCGOSU, we’re going to put that theory to the test, explain how UNUS SED LEO works, and sniff out if there’s a remote chance of being able to bet with this crypto online.
LEO Token (LEO)
UNUS SED LEO gets its name from a citation (in Latin) that appears in Aesop’s fables. It debuted in 2019 and is a subsidiary of iFinex. As mentioned in our introduction, UNUS SED LEO isn’t a true cryptocurrency in the sense that it lacks multi-functionality. Instead, it is a so-called utility coin that can be used to receive discounts when trading on the iFinex ecosystem.
The token is based on two blockchains, namely Ethereum and EOS. The token itself, LEO, isn’t infinite and has expiration dates attached to it, predominantly because it is using a buyback and burn system or mechanism. It is compatible with smart contracts and is a notably fast coin to use for transactions. However, it is not as practical as most major cryptocurrencies, as its practical use for other applications isn’t great.
As you might imagine, a UNUS SED LEO casino is any cryptocurrency online casino site that supports the use of LEO tokens as a viable deposit method. These really are few and far between, and we struggled to generate a list of sites where LEO is actively accepted. There are one or two places out there where you can gamble with LEO – or rather, where you can deposit using it, but it’s slim pickings for bettors for the most part.
One of the key things to note about UNUS SED LEO casinos, where they are found, is that you aren’t going to be able to bet using LEO. You may well be able to deposit (and, in some cases, withdraw) using this option. However, in virtually all sites where LEO is accepted as a deposit option, your balance will be converted into a more mainstream and acceptable cryptocurrency for gameplay purposes. There are no real casino games out there that permit LEO stakes.
There really aren’t too many perks of using UNUS SED LEO at crypto casinos. We actually struggled to generate a list of positives, but if we were forced to do so, we’d highlight the following things:
UNUS SED LEO can be used on two blockchains. It allows you to enjoy benefits when processing payments via EOS or Ethereum. Those transactions are also fast, with almost instantaneous payment times.
Because LEO is the default token for all products and services linked to iFinex, it is the go-to option for any iFinex user. Of course, that company isn’t particularly heavily invested in the gambling sphere, so it’s not much of a major advantage.
This is one of those rare occasions where BTCGOSU has to say that there are more disadvantages to using LEO than advantages. Naturally, we’ll be as honest as possible with you, so here’s what you need to know:
This is not a crypto coin that has been developed with multiple purposes in mind, save for those involving the iFinex ecosystem. Therefore, you can’t claim bonuses in LEO, and you can’t wager on games using this crypto token, either.
Probably the biggest drawback to UNUS SED LEO is the fact that very few, hardly any online casinos accept it. The token just hasn’t been designed with gambling utility in mind, so you’ll struggle to make use of it, save for the one or two sites that feature on this page.
This is normally the time when we’d run you through a list of steps to take to ensure that you play at the best crypto casinos possible. Again, though, due to the limited number of options available to you, we must be honest and simply say the following:
Again, you’re really going to struggle to find UNUS SED LEO crypto casinos online. However, we spent a great deal of time trying to figure out where this was possible. Candidates came up in short supply, but we can recommend the following crypto casino sites:
To begin making use of UNUS SED LEO, you’re going to need to take a few preparatory steps. Here are the key things you’ll need to do to start using LEO at the limited number of casinos that accept it:
It is rare that BTCGOSU says, “We don’t really recommend this cryptocurrency”. On this occasion, we’re saying exactly that, and the main reason is this – UNUS SED LEO isn’t really a gambling-friendly option for cryptocurrency casino users. Given that LEO transactions will inevitably end up as Ethereum-based payments and your balance and gameplay will likely take place in ETH anyway, you may as well just use that. You’ll also have a much larger selection of sites to choose from if you focus on Ethereum online casinos instead.
No. In fact, virtually none of them do. LEO is a token designed to be used for specific purposes, and gambling isn’t really one of them.
No. Any LEO deposit you make will be converted into another option, most likely ETH, for gameplay purposes.
This is no, too. Crypto casino bonuses can be claimed, but with another option – again, like Ethereum.
Safe – sure. However, you’re again going to struggle to find somewhere where this is possible. Safety isn’t the issue here.
Yes and no. LEO tokens can be used freely in the iFinex ecosystem. However, the second you start using them outside that space, you may be charged fees for processing payments. It depends on several factors.