Online Casinos Accepting Egyptian Pound (EGP ج.م)

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History of the Egyptian Pound / EGP

Prior to 1834, no specific monetary unit was used as the common currency of the country. A decree issued in 1834 announced the introduction of a new bimetal currency and in 1836 the first new universal coins were minted and put into circulation. A monetary reform of 1885 imposed the gold standard and the first Egyptian gold pound was introduced.
The National Bank of Egypt was established in 1898 and was granted the rights to issue Egyptian banknotes by the government. It began operation in 1899 and issued banknotes exchangeable for gold. This continued until 1914 when a special decree dropped the convertibility of Egyptian banknotes into gold. This way, banknotes became the primary monetary unit of Egypt and bimetal coins were dropped from circulation.

Advantages of Using EGP in Online Casinos

A great variety of online casinos is accessible at your fingertips. Awesome entertainment and overwhelming game variety lie just a few clicks away. However, as an Egyptian player you might find it a bit tiring to constantly calculate exchange rates and transfer fee percentages when you deposit your Egyptian pounds.
Some online operators keep such cases in mind when developing online casinos. That is why you can find some online betting halls which support EGP transactions. You can make deposits and withdraw funds entirely in Egyptian Pounds. This is quite beneficial as some operators transfer your Egyptian Pounds automatically in USD or EUR and that can result in some unfavorable exchange rates. Another benefit of betting at online casinos accepting EGP is the faster processing time of your transactions. Moreover, you will also be able to avoid costly transfer fees.

Popular EGP deposit methods and withdrawals

You will have plenty of payment options to choose from when making a deposit. We would advise you to always explore your options in order to find the ones that will suit your needs best. Otherwise, you might find that some payment methods transfer your EGP to USD and EUR and you might not benefit from faster processing time and pay costly transfer fees.
One of the most common payment methods is using a Visa or MasterCard debit or credit card in order to transfer funds directly from your bank account. Nonetheless, you can deposit or withdraw funds via some e-wallets which accept Egyptian pounds. Some of those e-wallets include Skrill, PayPal, Pay Safe, and Yandex, to name a few.

Tips on finding a Great Online Casino that Accepts EGP

You can find plenty of online casinos after just a single google search. But what makes an online casino great? We at CasinoDaddy.com have a couple of pointers which will help you navigate the vast world of iGaming and find the perfect casino for you.
Firstly, you should look into a virtual betting hall’s licensing and certification. There are several esteemed jurisdictions that license online operators around the globe. If you see that your venue of choice is certified by the UK Gambling Commission, the Malta Gaming Authority, the Government of Curacao etc., you are at the right place as those licenses are not issued lightly.

Another thing you should check before depositing at an online casino is their game variety. All the great casino receive the software for their games directly from well-known developers in the iGaming industry. If you find games by names such as Microgaming, NetEnt, Evolution Gaming, and Play ‘N Go, it means that you have found a great casino to wager at.

Legal Online Gambling status in Egypt

Despite the fact that Egypt is a Muslim country, gambling is legal. The catch is that it is legal to anyone beside Egyptian citizens. Nonetheless, offshore online operators are not regulated and accessible by anyone located in Egypt. This means that everyone can enjoy top-notch casino games at various virtual betting halls.
All in all, we have not encountered ant cases of Egyptian gambling enthusiasts facing legal trouble for playing at online casinos. Egyptian players can wager at online betting halls freely as they are not a subject to regulation by the government.