Page updated on 16.08.2019
elegro Payments for Online Casino Deposits and Withdrawals
Based on a blockchain platform, elegro is a payments method from a fintech company based out of Tallin, Estonia, called Niko Technologies. This company is licensed and regulated by the financial regulator of Estonia. This payments provider offers fiat exchange as well as crypto currency services in 50+ countries worldwide. Also, elegro provides the chance to sell and buy Litecoin, Etherium and Bitcoin Cash in 30+ supported fiat currencies. The company has existed since 2018 and expectations are that it will continue to grow.
The company is a recent entrant into online payments and service providers. Online casinos can also use elegro to both send and receive payments. While the number of participating casinos is still relatively small, the number is growing and can only get bigger going forward.
- licensed and regulated operator
- withdrawals are possible
- payments are fast and secure using crypto currencies exchanged into fiat currencies
- accepts users from many countries
- fees apply
Online Casinos with elegro Payments
We've put together a list of online casinos that accept elegro as a deposit and withdrawal payment method. These casinos are licensed and regulated in reputable jurisdictions. We have put together casino reviews, for each of them, where we look at bonuses, terms, customer support, games and more.
How elegro works
The payment method elegro offers players the chance to buy and sell crypto currencies using fiat currencies. You will need an elegro e-wallet address, so if you don't have one, then you'll need to create one. Once your account has been created, the KYC verification process gets kick-started. When your transaction has been processed, you will receive a certificate or receipt along with a notification. It is possible to buy or sell crypto currencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash with fiat currencies such as US dollars, Indian rupees, Canadian dollars, Great British pounds or Euros. There are many other currencies.
The provider allows you to create an elegro coin wallet. This can be done quickly and simply. Here your phone number is the main identifier of your wallet. From there, you can proceed to create different crypto wallets and fiat wallets.
You'll need to verify your identity and residency by sending proof. This can be done through a scan of your passport or ID and a utility bill recently issued which displays your address.
Make crypto exchanges while on the move with a mobile device by downloading the elegro app for Android and iOS devices.
Deposits at casinos with elegro
Choose elegro from the deposit payment method options. From there you can input the amounts that you want to deposit to your player account. After that, you'll need to follow the steps. Make a payment using your crypto currency and the funds will be credited to your account corresponding to the fiat currency on which the account was opened.
Withdrawals at casinos with elegro
With elegro, you can also withdraw funds from a casino player account, provided elegro was used to make the original deposit. Select the payment method and follow the on-screen steps to complete the withdrawal. The funds will be credited to your elegro e-wallet account which you can then transfer into your fiat currency bank account.
Fees are applicable depending on the services used. Blockchain fees apply when making transactions for another crypto wallet. Transactions within your elegro wallet are subject to a 0.9% fee based on the amount sent. While most casinos will not add their own charges, it is best to consult the terms and conditions of the casinos to make sure.
Is elegro legit and safe to use?
Payment method elegro is licensed by the financial regulator of Estonia. They have a Financial Institution Operating license, Virtual Currency Wallet Service licence and an Exchange Service licence. This gives them the ability to operate across Europe and other parts of the world. The United States is one such part. The company sticks to European standards for financial transactions and codes of conduct. Transactions are secured in SSL and the login process works with two-factor authentication. They also comply with KYC and AML standards. Contact customer support either by email or telephone 24/7. For money-laundering purposes, the company sends an official document which proves the legal origin of the obtained funds for each transaction. All this makes elegro a safe payment method.
Payment method elegro represents a new type of payment solution for online casino players who like to fund their casino account using crypto currencies. The advantage is that elegro allows players to exchange fiat currencies into crypto currencies safely and quickly. Fees apply depending on the manner in which you use the payment method. Another great benefit of this method is that players from a range of countries can benefit from it.