Page updated on: 15.08.2019

Elegro Casinos and Guide for Deposits and Withdrawals

Elegro The payment method elegro ↱ is a blockchain-based platform, operated by of Niko Technologies, a fintech company based in Tallinn, Estonia, that is also licensed and regulated by the Estonia financial regulator. The payment provider offers crypto currency and fiat exchange services, available users from over 50 countries in the world. They currently offer users the chance to buy and sell Bitcoin, Ethereum, Litecoin or Bitcoin Cash in over 30 supported fiat currencies.

They are now also entering the market for online payments and service providers, including online casinos, who can use the service to receive and send payments. Although there aren't many casinos yet that accept payments through elegro, the number is growing and we expect this market to grow significantly in the future.

Advantages

  • fast and secure payments with crypto currencies exchanged into fiat currency
  • operator is licensed
  • withdrawals from casinos also possible
  • users from many countries are accepted

Disadvantages

  • fees apply

All elegro Casinos:

This list provides an overview of the online casinos that accept elegro for payments to player accounts. Each casino has a valid license from at least one European regulator, and you can find an exhaustive review for each online casino.

Unfortunately, there aren't any casinos available that accept players from your country.

How does elegro work?

With elegro, users can buy and sell different crypto currencies with fiat currency. To start you'll have to place an order for which you have to enter a wallet address. You can create a wallet if you don't have one yet by using elegro Wallet. Afterwards your account will be created and KYC verification is initiated. After your purchase orĀ  sale has been processed you'll get a notification and a certificate or receipt. You can buy and sell crypto currencies such as Bitcoin, Litecoin, Ethereum or Bitcoin Cash with fiat currencies, including EUR, GBP, CAD, INR, USD and many others.

You can create a free elegro coin wallet with the provider. The process is quick and simple. Your phone number will be the main identifier for your wallet. Afterwards you can create different fiat and crypto wallets in your account. In your account you can exchange crypto or fiat and perform other actions.

The company will also ask you to verify your identity and you can send them proof of identity and residency in the form of a scan of your passport or ID, and a recent utility bill showing your address.

You can also download an elegro App for iOS and Android devices and make crypto exchanges on the go using your mobile device.

Casino deposit with elegro

To make a casino deposit with elegro you'll have to select it from the list of available payment methods. Enter the amount you wish to pay in to your casino player account and follow the steps on screen. You can use your crypto currency to make the payment to the casino, and the casino will receive it as the fiat currency of your account.

Casino withdrawal with elegro

Players can also request a casino withdrawal with elegro, provided they also used it for the deposit at the casino. Select it as the payment method and follow the steps on screen to effect the withdrawal. The money will be credited to your elegro account and from there you can transfer it to your bank account in fiat currency.

Fees for using elegro

Depending on how the service is used fees apply. For example if you make transactions from another crypto wallet blockchain fees will apply. Making transactions within your elegro Wallet will incur fees of 0,9% of the sending amount. Most casinos won't charge additional fees for this payment method, but it's best to take a look at the casino's fees policy to confirm.

Is elegro a safe payment method?

The company offering elegro is licensed by the financial regulator of Estonia and has a Financial Institution Operating license, a Virtual Currency Wallet Service license and a Exchange Service license. These licenses allow the company to operate within Europe and other parts of the world, including the US, and it adheres to European standards for code of conduct and financial transactions.

Transactions are secured through SSL, logins require two-factor authentication and they are compliant with AML and KYC standards. The company offers 24/7 customer support by email or telephone. For each transaction, the company will also send an official document proving the legal origin of the obtained funds, which aids in the prevention of money laundering.

The payment provider has been around since 2018, and since proven to be a reliable service provide in the crypto currency market, so they are likely a serious provider and we expect them to grow in the future.

Conclusion

The payment provider elegro offers casino players a convenient solution if they wish to use crypto currencies to fund their casino account. It's a simple and fast method to exchange a number of fiat currencies into crypto currencies and also very safe to use. However, some fees apply, depending on how you use the payment method. What makes this payment also interesting is that users from many countries are accepted to use it.

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King Billy
King Billy

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