Guides
What Is an On-Chain Casino?
By the Betmode Team ·
An on-chain casino keeps its bankroll in public blockchain wallets and settles bets as blockchain transactions that anyone can look up. That is different from a casino that simply accepts crypto deposits: there, the money and the bets sit in the casino's private database once the deposit arrives.
How is an on-chain casino different from a crypto casino?
| Casino that accepts crypto | On-chain casino | |
|---|---|---|
| Deposits and withdrawals | Blockchain transactions | Blockchain transactions |
| Where the bankroll is held | Private accounts, not shown | Public wallets anyone can open |
| Record of each bet | The casino's own database | A transaction with a block number and a hash |
| Can a record be edited later | Only the casino knows | No, the chain is append-only |
| What the player trusts | The operator and its licence | The licence, plus records the player can check |
Most crypto casinos are the first kind. The words "crypto casino" describe how you pay, not how the casino is run.
How does Betmode work on-chain?
- The bankroll is public. It is held in wallets on Etherlink: a hot wallet that settles bets and a cold wallet that holds reserves.
- Bets are transfers. A stake moves into the bankroll contract and a payout moves out. Each has a hash, and each row in Latest Bets has a Verify link to it.
- Promotions are paid separately. Bonuses come from their own wallet, so a promotion does not draw on the funds that back players' balances.
- Balances are in dollars. Deposits are accepted in Bitcoin, Ethereum, Solana, the main stablecoins and several other cryptocurrencies, then held in a dollar-pegged stablecoin and shown in US dollars, with no house token. See Supported Currencies and Networks.
- Figures are live. Bankroll value, total wagered and total bets are read from the chain and shown on the homepage and the manifesto.
What does on-chain not change?
- The house edge. Games cost the same to play. See What Is RTP?.
- The rules. An on-chain casino is still a licensed business with terms, age limits, restricted countries and identity checks. See Is Betmode Legit?.
- Network finality. Blockchain transfers cannot be reversed, so a deposit sent to the wrong address or network may be lost.
FAQ
Are on-chain casinos safer?
They are easier to check. A public bankroll shows whether a casino holds the funds it claims, and public bet records cannot be altered afterwards. They do not remove the risk of gambling itself.
Do I need a crypto wallet to play at Betmode?
You need a way to send a supported cryptocurrency to your deposit address. The account itself is created with an email address. See How to Deposit and Withdraw.
Which blockchain does Betmode use?
Betmode's bankroll and bet settlement are on Etherlink. The cashier lists the networks available for deposits and withdrawals.
Can I see other players' bets?
Settled bets appear in Latest Bets with a link to their transaction. Players can hide their username from public lists.
Gambling is for adults only (18+) and should stay entertainment. Responsible Gambling