Uniswap Casinos 2023

Vienne-GarciaVienne Garcia
11 min read
UNI Facts
Uniswap-logo
Company name:Uniswap Labs
Initial release date:November 2018
Headquarters located in:New York, New York (USA)
Abbreviation:UNI
Platform:Ethereum
Founder:Hayden Adams
Network type:Decentralised exchange
Total supply:1 billion coins
Website:uniswap.org
Available in:Most countries in the world
Best UNI casino:Stake

For those who automatically think Bitcoin as soon as they hear the word crypto, it is safe to say this domain has gotten to be a bit confusing. Fair enough, as we ourselves can hardly keep pace with the thousands of cryptos quickly flooding the market.

However, not all cryptos are created the same. And the vast majority still have yet to find their way into casino cashiers, which from our perspective, is our main interest here.

Still, there are plenty to work our way through, to best understand which digital currencies make for a good bet when gambling online.

As such, we have dedicated this article to reviewing the ins and outs of Uniswap, aka the UNI coin, covering its unique history, general advantages, gaming specific benefits, and more.

Keep reading for all the details, so you can decide for yourself if this crypto with a unicorn emblem is really the legendary token it aspires to be, and what if any, are its magical powers.

uniswap-websiteMoreLess

Play with UNI at Stake

Contents

Best UNI Casinos 2023

But first of all, for those who have come to this UNI review mostly for our expert advice, without further ado, we present to you, our picks for the best places to gamble online with this awesome token.

True, the list is still somewhat limited, as only a select group of top-tier casinos have added it to their cashiers thus far. But as these things tend to happen, as the world of crypto continues to expand, we expect to see more casinos adding it in the coming year, at which point we will be happy to re-evaluate and expand our recommendations in kind. In the meantime, feel free to register at any of our recommended casinos for the best in UNI gambling the internet has to offer.

eCOGRAGLIiTech LabsMalta Gaming AuthoritySSL Secured
1.
stakecasino-logo-cryptos-only95% Excellent$500visit StakeRead Review
2.
cloudbet-cryptos-only95% Excellent5 BTC / $1,000 + 200 Free Spinsvisit Cloudbet CasinoRead Review
3.
fairspin-casino-logo95% Excellentup to $200 000+ 140 Free Spinsvisit FairspinRead Review
4.
BCGame-Logo93% Outstandingno limitvisit BC.Game CasinoRead Review
MoreLess

What Is Uniswap?

So let us begin with the history. The concept behind it began with a Reddit post in 2016, in which Vitalik Buterin, the Ethereum co-founder, theorised about the concept for an on-chain AMM (automated market maker).

Hayden Adams, a mechanical engineer who had recently been laid off from his job at Siemens took the question seriously, and through studious work and multiple grants from the Ethereum Foundations built the concept into a functional exchange. The fruit of his labors, Uniswap, was launched on November 2, 2018 on the Ethereum blockchain - making an almost immediate significant impact on the world of crypto trading.

uniswap-protocol-1024x562MoreLess

The Uniswap exchange's big difference from other decentralised exchanges before it is that it does not use what is called a traditional order book. It is written in Solidity, uses smart contracts, and open source software on the blockchain networks upon which it is run.

Highly community based, changes to the decentralised finance protocol can only be made when voted upon by owners of the platform's native cryptocurrency, and thereby its governance token, UNI.

idea iconTo-date the market capitalisation for the UNI token is valued at over USD 6.6 billion. And Uniswap itself is estimated to be the largest decentralised exchange, and the fourth-largest overall cryptocurrency exchange measured by daily trading volume.

The UNI Token

Just to reiterate what we said, Uniswap is the actual protocol / exchange, while UNI is its native, governance token. And just like its protocol, the UNI token has quickly gained a foothold in the crypto market, now considered one of the largest cryptos by market cap.

Originally, UNI coins were distributed to the early protocol users to build engagement in the community. As such, each Ethereum address that interacted with the Uniswap protocol was able to claim 400 UNI coins (which were worth about $1400 at the time). This mind you was until September 1, 2020, at which point things changed and now there is no such "giveaway" available.

uniswap-ecosystemAnd there is also a strong UNI ecosystem, with loads of projects built with the DeFi apps, tools, and integrations, using the Uniswap protocol.MoreLess

As for the purpose of UNI coins, they are in fact multifold. First of all, as mentioned, if you want to be a part of the Uniswap community and influence its blockchain (i.e. the Governance Forum), you of course, first need to be a UNI holder.

As for the UNI value, its all-time high at last check was listed at $28.46. Since then, however, the price dropped significantly and it is more usually to be found in the $5 to $7 range, though we have seen it go as low as around $3 too.

uniswap-chartThis graph demonstrates the fluctuations of UNI's value in comparison to the Canadian dollar over a one-year time period - giving you a nice picture of how it has been trading over time.MoreLess

Also note, UNI was designed with a supply of 1 billion tokens. The plan was to distribute this full amount over a four-year timeframe with 60% going to the community members, and the other 40% to investors and the likes. After the full billion coins reach the market, it is meant to be an inflationary token, with a continuous inflation rate of 2% (though market prices can skew this of course).

Buying UNI - How It Works

While UNI is the native coin of the Uniswap exchange, and there are ways to get it there, you can also buy or trade it on many other platforms as well. For example, the big names like Binance, Bitpanda, Gemini, Kraken, and Coinbase of course all offer it amongst others.

Just note: In order to purchase, UNI you will need to own an Ethereum wallet and have some ETH in it in some cases, though not with all platforms, so make sure to check this requirement.

As for the actual steps for acquiring it, they will look something like this:

  1. Create an account on a crypto exchange platform.
  2. Verify your account - Make sure to register with your real email address in order to receive this important link.
  3. Deposit money into your account on the exchange platform, using one of the currencies they accept.
  4. Buy UNI in the amount that you want - You should be able to do this with a bank account, debit card, or even sometimes, a credit card (depending on which platform you are using).
  5. Store that crypto on the platform itself, or in your existing crypto wallet.

In addition, there are a few things we always recommend when acquiring any crypto, to protect you and your finances best.

First of all, we cannot overstate this enough. Make sure to use a reputable exchange platform. You can use one of those we have recommended above to be on the safe side. But if you come across a different one you are interested in, make sure to do your due diligence.

This includes reading the details of the exchange platform's policy and checking all of the fees. For example, transaction fees (which you will always have with crypto exchanges) can really add up if you are active there. So make sure to understand what they are before you sign up. You also, by the way, want to check the limits in terms of how much you can buy or sell at a time so you won't encounter surprise constraints in conducting your trades.

digital-walletUNI, like other cryptos can be stored in a hardware wallet, paper wallet, software wallet, or on the crypto exchange itself.

And finally, make sure to watch the exchange rate itself. UNI is not a stable coin, so its exchange rate is going to fluctuate, not just on a daily basis, but also throughout the day. So watch the graph and buy low, if possible. Though as we have seen in recent years, low can turn out to be an arbitrary, relative number. Just think of how it turned out when people who bought Bitcoin at even $10,000 (which at the time seemed astronomically high) have made a killing!

Realistically, UNI is better known to those investing in cryptos already, and it is unlikely that you would purchase this digital currency for online casino gambling purposes alone. But of course you can do that, if that is what you would like to do.

Can I Mine for UNI?

miningThe question can I mine for UNI is a good one. After all, you can mine for Ethereum and UNI is based on its blockchain so it seems like a reasonable assumption.

And so, the answer is accordingly yes, you can mine for UNI. Though it is a little complicated, so we won't get into the details of how you do it. But should this be of interest to you, we recommend looking it up or joining the various social media discussions for a better understanding, and maybe to get in on a group effort in so doing, which is generally easier than mining yourself.

How to Bank at An Online Casino Using UNI as Your Currency of Choice

Uniswarp coinAnd now, after all that, we get to the core of the matter; and that is, UNI banking at an online casino. Or more specifically, how to deposit with UNI, and equally importantly, withdraw.

So basically it goes like this. In order to bank with UNI, you of course, first need to find the rare online casino that accepts it. The strongest example we have found to date is Stake casino, which also, happens to be one of the top ranked crypto gambling hotspots around, so that makes for a pretty much perfect scenario.

After you have pinpointed the casino you would like to join, all you will need to do is:

  1. Register an account - By providing a few basic details, including a legitimate email address.
  2. Log in to the casino.
  3. Click on the 'Wallet' button, usually found in the top right corner of each page - Note, it can sometimes be labelled 'Cashier' or 'Deposit' instead (i.e. different names, same functionality).
  4. Open the 'Deposit' tab and choose UNI from the drop-down menu.
  5. Either copy the deposit address provided and enter it into your own wallet, or scan the QR code with your cell phone.
  6. Enter the amount that you would like to deposit.
  7. Confirm your deposit.
  8. And you're done!

In other words, super easy stuff. And if you have ever made a deposit using a different digital currency, or even a fiat like CAD, USD, or EUR, it is basically the exact same user experience that you are already familiar with. If you have not, however, as you will quickly see for yourself, it is so simple that you will feel comfortable already from your first attempt.


plus iconPlus, any casino we recommend has excellent customer support to help walk you through things, if you want a bit of extra handholding the first-time round.


Pros and Cons of UNI Gambling

Next up, it is time to have a look at the pros and cons of UNI gambling. That is, using UNI to fund your casino account and place your bets.

While this is obviously a personal matter at the end of the day, we have put together a few things for you to consider. But, needless to say, take them with a grain of salt, and make sure to base your decision on parameters like your personal budget, crypto portfolio and goals, and even, if that is your thing, your gut instincts.

  1. What advantages does Uniswap offer as a payment method at an online casino?
  2. What are the disadvantages of using Uniswap as a payment method at an online casino?

What advantages does Uniswap offer as a payment method at an online casino?

For the most part, all cryptocurrencies offer the same advantages over fiat currencies, more or less. This is in terms of privacy as well as speed of transactions.

The differences between the different cryptos are a bit harder to gage, as they all pretty much have the same claims to this end. And the differences are generally so minute, that it would be hard to tell them apart. As such, we would basically say that UNI has all of the advantages of any other popular crypto out there. Certainly in terms of online gambling purposes.

Uniswap casino banking benefits at a glance:

  • Built on the renowned ERC-20 platform
  • Fast and safe transactions
  • High level of anonymity (i.e. privacy)
  • Exceptionally safe

If you are looking beyond strictly casino account funding purposes, however, there are also the advantages of the Uniswap ecosystem and network of DeFi apps, and the participation in the platform's governance that coin holders are afforded.

What are the disadvantages of using Uniswap as a payment method at an online casino?

The biggest disadvantage of choosing this decentralised money for casino gambling, is of course, the most obvious one - and that is the lack of choice. Or more specifically, the lack of availability, as to date there are still very few online casinos that accept UNI as a payment method.

The other one, of course, is also obvious, and that is the volatile exchange rate. Although we will say, since buying a single UNI coin costs well under $10, this volatility is far less painful than what could happen with a Bitcoin buy in which you are easily talking about $10,000 differences in a short span of time.

Uniswap coin disadvantages at a glance:

  • Only accepted at a handful of online casinos
  • Volatile exchange rate
  • Complicated altcoin for beginners

But again, as we have said, these so called disadvantages are pretty universal for all cryptos. So as you would do with any other digital coin, just make sure to keep an eye on the exchange rate to best protect your funds, and trade, save, or spend accordingly, depending on your goals.

Unique Aspects of UNI Coins in Comparison to Other Popular Crypto Currencies

At this point, from what we have already written, we have pretty much covered all of the unique aspects of Uniswap in comparison to other popular crypto currencies. But we will spell it out a bit more in detail here with some specific examples.

For starters, UNI is different from BTC in that Bitcoin is essentially a means for peer-to-peer value exchange, whereas Uniswap is a completely decentralised exchange and offers its own complete financial ecosystem.

cryptocurrenciesWhile not exactly the same thing, UNI is more similar to ETH, as it is also built on the ERC-20 blockchain platform. As such, these are both what is called fungible tokens, meaning they are interchangeable with other tokens (as opposed to NFTs which are non-fungible tokens, and cannot be interchanged). The main difference between the two is that ETH can be used for exchanges and blockchain and mining fees across the network, while UNI tokens give owners the added ability to partake in the Uniswap governance with voting rights to make changes to the system's protocol.

And of course, again while it does have many things in common with cryptos like USD Coin and Tether, it is very different from them in terms of value, with USDT and USDC both being stablecoins, with their value intrinsically tied to that of the US dollar. UNI, on the other hand, has its value tied to market demand, and can fluctuate wildly.

The main features that have Uniswap standing apart from the competition include:

  • A decentralised exchange.
  • Owners of UNI coins have a say in operations and the future of the platform - In fact, they govern it entirely in a democratic way.
  • It is a complete ecosystem - And not just a coin.
  • Liquidity pools can be formed and supply passive income.
  • The Uniswap Grants Program helps fund developers looking to build or contribute with the Uniswap protocol.

In other words, we would say that it is the actual Uniswap platform itself that is more unique than the actual coin. Though it too, as we have said, does have its own advantages.

uniswap-governance-1024x745MoreLess

Is It Safe to Gamble Online with Uniswap?

shieldThe succinct answer to the question 'is it safe to gamble online with UNI coin' is absolutely yes! This coin is built with safety and privacy in mind, so it most certainly makes a good choice on that end.

And gambling online, for its part, is also safe, so long as you choose your operator wisely. That is, while we cannot vouch for all of the operators out there, if you choose one of our recommended casinos, you are going to be in good hands in terms of the safety element.

gamingcontrolcuracaoThe things to be on the lookout for, by the way, in terms of assessing an online casino's safety are first and foremost licensing from a recognised body such as the Curacao gaming authority, which is particularly popular amongst crypto operators.

Other things you want to pay attention to include the casino's bonus terms, including things like playthrough requirements (which should be no more than 40X, though we can live with 50X in the rare exception). Plus, you will want to make sure that withdrawal terms are reasonable, so you know you can get your winnings out in full, without delay.

Also, you will want to pay attention to the element of fair play. That is, that all rounds on any game played are completely random, as they should be, since this is what gambling is all about. For casino operators that work with popular developers, this won't be a problem, as they all have RNGs built into their games. And for crypto games, which are generally developed in house, you should see reference to provably fair algorithms.

Are There Any Payment Limits When Using the UNI Coin?

Although there are numerous advantages to gambling online using digital cash, many (if not most would say) the primary one is the lack of limits. That is, when making a fiat deposit, with says euros or dollars, you will often (if not always) notice limits in terms of the minimum amount you can deposit and the maximum amount that you can withdraw, either at a time or within a certain timeframe. This of course has a lot to do with the payment methods themselves, like the credit card or debit card you might be using to do such. So the big difference here, is that with crypto there is no intermediary. And so no limits set.

arrowThis means that with UNI, like all other cryptos, you will be able to find limitless casino banking. And as such, you can deposit or withdraw as little or as much as you want per transaction.

Casino Games You Can Play at a Uniswap Casino

Another concern some of our readers express is the ability to access casino games in the currency they choose. That is, will you be able to play all games with Uniswap. And again here, the answer is yes. The full game catalogue will be available to you if the casino accepts UNI and you choose to fund your account with that.

Just as an example, at a good online casino you should easily be able to choose between a wide range of games within any given category including:

fruit slot Online slot machineslive-dealer Live casino gamescoins icon Original crypto games
live-dealer Sportsbettingroulette icon Roulettecoins icon Arcade games
jackpot icon Jackpot gamesblackjack-cards Blackjackscratch card games Scratch card games

In other words, game availability is not something you need to consider in making your choice. You will have plenty of betting options to choose from.

The rare online casino has a section explicitly labelled BTC games or something of the likes. This is not necessarily an indication of the games' availability however. Sometimes this naming is simply to draw attention to the section, and in recognition that Bitcoin is still the most popular option for funding crypto casino accounts.

stake-casino-originalsStake provably fair gamesMoreLess

Tips and Tricks for Gambling Online with UNI Coin

If you have come to this review for tips and tricks for gambling with Uniswap, this section is for you. But again, take our advice with a grain of salt, as what we are spelling out here has more to do with how to protect and maximise your funds, as opposed to any given strategy for improving your odds of a win.

strategy-64x64.pngSo first off, you need to consider why you are buying this coin - primarily for investment purposes, to broaden your portfolio or make a quick buck? Or is it just for casino gambling use? This is something you need to think about to determine how, when, and how much you buy.

Whichever service you choose for acquisition purposes, we also recommend doing some research first (unless you have already committed elsewhere, and still even then) as different exchange platforms have different features and network transaction fees, which are things you should take into account.

Once you do purchase UNI, you will also, as we have mentioned, need to store it somewhere, so think about which platform is best for that, or the type of wallet you would like to use, and take care of that in advance to speed things up. If you do not want to do that, mind you, at a casino like Stake, you can make a spontaneous purchase by clicking on the MoonPay link. This will bring you to the third-party provider's website, where you can buy UNI on the spot.

increaseAnd finally, our last UNI tip is to keep your finger on the pulse. That is, make sure to track the exchange rate. You can do this on the exchange platform that you have chosen. Or just as easily, a simple Google keyword search will also come up with plenty of info on this front. While there is no guarantee which direction the market will go, the key is to ultimately buy as low as possible, and if you are doing so for investment purposes, try and sell for the biggest profit.

Similarly, since UNI is not a stablecoin, you will need to pay attention to exchange rates as part of your decision when to cash out of the casino. If you purchased UNI low and you see a sudden sharp rise, for example, and you have made a large casino deposit in the interim, you may want to process a withdrawal for a tidy profit in the exchange value rate alone.

Uniswap casino - useful tips summary:

  • Decide why you are buying UNI in the first place, i.e., for what purpose, gambling or investment.
  • Choose an exchange platform with low fees.
  • Follow the market value so you can potentially profit on your purchase.

Good UNI Alternatives Offered at the Best Online Casinos

Since it is realistically not all that easy to find a casino that accepts UNI as a payment method, there are many better contenders for casino gambling purposes. True, there are a few that do accept it for deposits, withdrawals, and bets themselves.

And should you find a casino that does - like Stake - that also matches your style and other gambling desires (like the promotions and VIP programme), then we definitely say go for it. Otherwise, Bitcoin is always a good bet and generally Ethereum and Litecoin too, as these are the most widely accepted.

  • bitcoin casino
  • bitcoin-cash-logo
  • Cardano Logo
  • dogecoin logo
  • EOS-logo
  • Ethereum Logo
  • Litecoin Logo
  • Ripple Logo
  • Solana Coin
  • Tron Network Logo
  • Tether Logo
  • Neo Logo
  • zcash-logo
  • dash-digital-cash-logo
  • stellar-logo
  • monero-logo
  • USD-coin
  • Polkadot

That being said, there are a number of other digital coins that are growing in acceptance for other purposes beyond trading, and have made their way into casino cashiers. The list above covers the best examples, but as crypto's overall popularity continues to grow, we anticipate seeing more options being steadily added all the time.

Uniswap Casino FAQs

Just finished reading our full UNI crypto review and still have questions? You can always turn to our editorial team and ask - or even the casino's customer support. Or just as easily, have a scroll through our FAQs, for complete answers to any remaining inquires that may still remain.

  1. Is Uniswap available as a payment option in every crypto casino?
  2. Are there any deposit or withdrawal fees when banking with UNI coin?
  3. Are there any UNI bonus promotions that can be claimed?
  4. How long will a UNI token deposit or withdrawal take?
  5. Is UNI considered a stablecoin?

1.) Is Uniswap available as a payment option in every crypto casino?

Although we did cover this within the review above (see our list of recommended Uniswap Casinos), we get that some of our readers are just browsing. So we will repeat it again here. And the answer is no, UNI coin is definitely not accepted at all casinos, or even very many at the moment.

While this is a bummer to us as well, since we like to see as broad an offering as possible, and think UNI has got some really great potential, this is unfortunately the current reality. That being said, as with many cryptos on our radar, we would not be surprised to see more online casinos adding it as a payment method, following Stake casino's lead.

Back to FAQ

2.) Are there any deposit or withdrawal fees when banking with UNI coin?

No, there are no fees charged by the casino for banking, period, either on the deposit or withdrawal end. This is true for UNI as much as any other crypto or fiat currency. At least at reputable casinos this is the case, and we wouldn't recommend anything else.

coins iconHowever, there are network fees for all crypto transactions, including Uniswap. So make sure to pay attention to them, and plan your transactions accordingly. For example, whether you would be paying a flat fee or a percentage of the transaction value makes a bit difference in terms of how many transactions you may want to make, and the size of each, in order to minimise fees.

Back to FAQ

3.) Are there any UNI bonus promotions that can be claimed?

Bonuses are a big part of online casino life, and often the thing that sets operators apart in a crowded market. This is especially true of the welcome bonus, which is often used to attract new players, though smart operators also have plenty of retention bonuses to keep you depositing, and often VIP or loyalty clubs to keep you betting and engaged.

That being said, since UNI is in no way the leading crypto on the gambling scene, there are no UNI bonuses that we have been able to find. As in no UNI specific bonuses.

This of course does not mean you can't get one. If the casino offers a welcome bonus, then in most cases, it will be currency agnostic, which means to say that you will get the same value of the bonus for whichever currency you are using for depositing purposes. And your bet values will count towards collecting loyalty rewards in the same way. Just make sure to check the casino's Terms and Conditions page to make sure this is the case, or ask the casino's customer support team to be 100% sure. But from our experience, unless explicitly stated otherwise, this is generally the case.

Back to FAQ

4.) How long will a UNI token deposit or withdrawal take?

There is no guarantee when it comes to transaction completion times, although it is well known, that clearing money on the blockchain is far quicker than the bank and pretty much all other payment methods.

racingIf you are looking for more specifics, we can say that while fast, it is not exactly instant. That is, you can expect a more typical waiting time of about 5 minutes for your transaction to be completed, though 20 to 30 minutes is within a reasonable range as well.

Essentially, as Ethereum transactions, the reasons potentially slowing down UNI movement include either the transaction fee that you paid (i.e. it is not high enough to prioritise it) or you have other pending transactions from the same wallet. So make sure to pay attention to these factors, if super quick processing is crucial to you, and you want to speed things up.

Back to FAQ

5.) Is UNI considered a stablecoin?

Since the most popular cryptos like Bitcoin and Ethereum have values all over the place, many people who are interested in digital currencies, but have a lower appetite for risk, opt for the stable coins instead. These are cryptos that have a set value, like USDC which is tied to the dollar at a rate of 1:1, taking the volatility factor out of the game.

increaseUniswap for its part is not a stable coin. That means its exchange rate is volatile and is constantly shifting. This can be good or bad, depending on your reasons for buying / trading it, and how much effort you want to spend paying attention to market prices. However, since the exchange rate is usually around the $5 to $8 range, the losses or gains are not going to be as great as with Bitcoin which can easily reach the $20,000 mark, with fluctuations of hundreds of dollars each day.

Back to FAQ

Our Expert Opinion on UNI Casinos

In conclusion, it is safe to say that we recommend UNI casinos, at least in concept. That is, if you choose one of our recommended casinos from the list at the top of this review, or find one that is equally safe and exceptional, then this crypto can make for an excellent way to gamble online.


star logoWhile its rate is somewhat volatile, its purchase price is low enough that it does not form an entry barrier. And built on the ERC-20 platform, it is intrinsically fast, anonymous, and safe for making transactions. You can easily purchase it from various exchange platforms, and even earn some through passive income by joining a liquidity pool.


So if you already own UNI, or are looking into buying it, know that it most certainly can make for a good choice for casino gambling purposes. Now we just need to work on getting more operators to add it as an option, to make it all the more worthwhile.

Visit now Stake

Author: Vienne Garcia
Last Update:
Article reviewed: Uniswap
Author Rating: 90%