About Shiba Inu

In 2020, Shiba Inu was released as an alternative to DOGE, and it quickly became one of the most popular altcoins. With a massive following, it didn't take long before this Ethereum-based token took off and became a prominent deposit and withdrawal option at online casinos.

Still, players often argue that, even after five years, the gas fees are still a bit high compared to other crypto alternatives.

To check these and other claims and see if SHIB is a worthwhile payment option, we've decided to dive deeper into its practicality and convenience at online casinos in this guide.

Why Use Shiba Inu for Casino Payments

Some of the main reasons why you might opt for SHIB casino payments are the same as for nearly every other crypto: it's fast and highly secure. Still, we wanted you to have all the benefits conveniently laid out, so here's a brief summary:

• Extremely fast payment confirmation: In terms of payment speed, Shiba Inu usually takes from 10 seconds to around a minute to complete. It's processed on the ERC-20 network, which only comes second to TRC-20 in terms of payment confirmation speed. The good news is that this is mainly relevant to crypto enthusiasts, since both networks are still way faster than some traditional payment options like credit cards and bank transfers.
• Low payment fees: When transferring SHIB tokens, you'll have to pay a slight gas fee, which is still often lower than those charged by credit card issuers and financial institutions. In most cases, you'd be looking at around $1.50 per transaction, at least when using wallets like Cropty.
• Accepted by many crypto casinos: Today, crypto gambling sites are gaining increasing traction, and SHIB is accepted at most major sites. It's not as widespread as BTC, ETH, and LTC, but it holds its own among altcoins.
• High security features: With smart contracts and a proof-of-stake mechanism, SHIB payments are generally very safe and secure, and they allow you not to share your banking information with the casino you're playing at.

Shiba Inu Casino Deposits 101

Using SHIB at online casinos requires you to have a wallet first. You can easily swap other crypto for it on exchanges like Kraken and Coinbase and store your tokens within a secure wallet. It's just the start of the deposit process, and here's how the rest works:

• Join a dedicated SHIB casino: Find a reputable crypto casino that accepts Shiba Inu deposits, create an account, and verify it. Some crypto-exclusive platforms even allow you to join directly via your wallet, so there's no need to fill out any KYC forms.
• Select SHIB as a preferred deposit method: Navigate to the banking section of your selected casino and choose SHIB as a primary deposit method.
• Enter the deposit amount: After checking the site's minimum deposit limits and other terms, fill in the amount you want to transfer.
• Copy or scan the site's address: From there, you'll receive a crypto wallet address of the casino, so go ahead and copy it. You can paste it into your wallet or simply use the QR code scanner tool integrated in some decentralized wallets like MetaMask to avoid making a typo, which would lead to all your funds being lost. Make sure to double-check the casino's address at this stage.
• Check the payment status: To wrap things up, send the payment and check the transaction status in your wallet app or within the transaction history section of your casino account.

Making SHIB Withdrawals

Much like deposits, SHIB is also very convenient for gambling cashouts. It's fairly easy to schedule a withdrawal, and you start by revisiting the site's Cashier section. From there, you can conveniently enter your wallet's address and select a network. Make sure to only process SHIB tokens on the ERC-20 network.

From there, the rest is easy: you can just track the transaction status and receive your winnings in a matter of minutes.

SHIB Fees and Limits

Aside from the gas fees, which are usually around $1.50, you might also be looking at some slight costs for using the crypto exchange. For instance, Binance charges around $2, which is the highest fee you'd be looking at across the board.

Naturally, it's also possible to find less costly options, such as OKX, which charges around $1.

As for the limits, you can pretty much feel free to deposit and withdraw as much as you'd like, with the only restrictions being the ones imposed by crypto casinos you'd be playing at.

Pros and Cons of Using SHIB for Casino Transactions

Overall, SHIB is a very convenient token for processing crypto casino deposits and withdrawals, but it also has a fair share of downsides. Here are all the pros and cons of using it at a glance:

Pros:

• Very fast transactions, usually processed within seconds
• Fairly low payment fees, often capped at around $1 to $2
• Ranges suitable for both low rollers and high-stakes players
• Transactions processed on the renowned ERC-20 network

Cons:

• Limited availability at online casinos that are not crypto-exclusive
• Not entirely regulated for the US casino market

Our Take on SHIB Casinos

Ultimately, we'd say that SHIB is still on a roll as a token in expansion, and its supply has recently reached stunning figures, surpassing BTC by a mile. So, it's safe to say it's here to stay, especially with how steady the price has been.

Naturally, there are several issues with it, such as the fact that it's not accepted by every online casino. Even so, it makes a perfectly safe, fast, and reliable option for both deposits and withdrawals.