There are dozens of cryptocurrency casinos around the world that are now letting users bet and play with virtual currencies. Cardano (ADA) is one of the most popular coins to use at online gambling sites.
Using Cardano over other virtual currencies to bet at online platforms is something that many individuals wanted to do for a long time. ADA has many benefits that make the whole gambling experience an even better thing. You could have the same benefits as using digital currencies but at an even faster speed and cheaper transaction fees. That’s thanks to ADA’s technology.
This guide will tell you all the things you should know about Cardano casinos and how ADA is among the most useful virtual currencies to gamble online. If you thought that you had a good experience with Bitcoin, then you should try Cardano.
💡 How does Cardano work?
Cardano is a cryptocurrency created by Charles Hoskinson, one of the co-founders of Ethereum. ADA was launched to the market in 2017 and it has been a project that focused mostly on the technical aspects of the network rather than on marketing.
The goal is to offer users a fast and reliable blockchain network to use in different industries. Compared to Ethereum and other Proof-of-Work (PoW) networks, Cardano addresses scalability issues. This is one of the main topics discussed among cryptocurrency investors in the world.
Thanks to this approach, Cardano is now one of the most promising projects in the cryptocurrency market. Users can process ADA transactions in seconds, making it a great option to send fast and cheap transactions.
The team behind Cardano is now working in order to offer smart contracts that would be much more efficient than on other blockchain networks. In this way, users would not have to be worried about congestion issues and other problems that could arise due to a large number of users using the platform at the same time.
Nowadays, Cardano is being developed by a team of experts, engineers, and developers that are working in different countries trying to expand Cardano’s solutions to as many individuals and companies as possible. Furthermore, Cardano is expected to have a unique governance system that would let the community play a very important role in the future of this blockchain network.
Due to all these developments taking place on the Cardano network and ecosystem, the virtual currency is now being demanded not only to perform transfers but also to play at different online casino sites. Speed, reliability, and low fees are among the main benefits of using ADA to play at gambling sites.
👉 How to buy Cardano?
It is very easy to buy Cardano nowadays. As virtual currencies expand all over the world, companies that offer to buy and sell services are now a standard in the industry. These sites are called cryptocurrency exchanges and they are the most useful platforms to purchase virtual currencies.
Cryptocurrency exchanges usually require you to register and to provide some information that would let you acquire not only Cardano but also other coins such as Bitcoin or Ethereum. Moreover, crypto exchanges have also been offering many other solutions besides buying and selling. If you want to buy ADA, an exchange would be the best solution to do so.
Despite that, there is another method that you can use. We are talking about cryptocurrency wallets. Some of the advanced wallets currently available in the market let you not only hold and protect your funds but also purchase the coins you desire. Although there might be some additional fees or larger spreads, it is usually a better option to get a wallet and have control over your funds at all times.
In addition, wallets let you keep control of your funds at all times, and this will be a key thing if you want to send and receive funds from a casino platform. Usually, when you withdraw funds from an exchange, you will have to pay a withdrawal fee, which is usually very high if you want to play with small amounts.
Cryptocurrency wallets are better due to this reason. You will be able to send and receive ADA coins without having to be worried about the fees you pay to handle them. Furthermore, you should also take into consideration that some casinos have a higher withdrawal fee than the fee processed by the network, thus, a crypto wallet would be very useful to reduce the impact of this type of policy.
🛡️ How to properly store Cardano?
If you want to store Cardano, then you should download a cryptocurrency wallet. You can either have a software wallet or a hardware wallet. Software wallets are usually the best option if you want to manage your funds in and out of casino sites on a regular basis.
Software wallets can be downloaded to your smartphone or desktop computer for free and you will have your funds ready to use. This would be a very comfortable solution if you are playing casino games with Cardano, as you can add more funds to your account if you want in just seconds and directly from your phone.
Hardware wallets, instead, require you to pay for them. This is because they are hardware devices that let you store your private keys offline. Holding virtual currencies in a hardware wallet is the safest way if you want to store your Cardano coins for a long period.
Nonetheless, if you want to play casino games, they might not be the best option, as you will have to use a hardware device to interact with your coins and process transactions. As you can see, the type of wallet you use to hold your ADA coins depends on the needs that you have.
As a Cardano user and online casino player, you should analyze how you use your coins and how you handle them. In some cases, it would be better to have a hardware wallet (and store your ADA coins for longer periods of time). In some cases, you can use your software wallet and easily manage your ADA coins from and to a casino platform.
You should never leave your coins in a cryptocurrency exchange as they could get hacked and you can lose your funds. An exchange should only be used by traders or people that want to buy and withdraw their funds to a crypto wallet.
↔️ How do Cardano deposits and withdrawals work?
If you want to play at Cardano casino, then you will have to know how to deposit funds and how to withdraw the possible earnings you could have at the gambling website. So how do ADA deposits and withdrawals work?
If you are a cryptocurrency user, then you should not have any problem handling Cardano. Transactions would work as in any other blockchain network. Despite that, you should take into consideration different things.
When depositing funds into an online gambling platform, they will share with you a wallet address. You should make sure that the wallet address is linked to the Cardano blockchain. If you send ADA coins to a wallet address that is linked to another virtual currency, then you might lose your funds.
Once you have an ADA-compatible wallet, then you should make sure that the address has been properly copy-pasted. A simple mistake could end up in your funds being lost forever. This is why you should triple check the wallet address that you use to deposit funds to your casino platform.
ADA transfers are very fast and you should see the funds in your account in just seconds. Of course, sometimes it might take longer if the online gambling site imposes some types of checks before the funds are deposited.
If you want to withdraw your funds, then you will have to do the reverse process. You will have to open your wallet, select the “deposit ADA” option and copy the wallet address. This information will then be pasted at the gambling site. You will have to select withdrawals and paste the ADA address from your wallet.
Once again, you must make sure that the address you are using has been correctly copied. The funds should arrive in your wallet in minutes as gambling sites usually make some standard checks before releasing the transaction.
🎲 What games can you play with ADA?
There is a large number of games that you can play with ADA coins at online gambling sites. Everything would depend on the platform you are on and the type of games you like to play. However, you can select from Live Casino games, slots, table games, and many others.
If you want to select an online casino that supports ADA, you should also make sure that this platform offers you the games that you want to play. In some cases, Cardano-friendly casinos would not support ADA for all the games they offer to players. This is why it is definitely important to always check the games they have and whether they are compatible with Cardano cryptocurrency.
There are some types of games such as Bitcoin Plinko, Bitcoin Crash, or Bitcoin Dice that could usually be played using different virtual currencies, even if they have Bitcoin in their names. This is because they have been mostly created for crypto users rather than for traditional players. In this way, you would not only have the most common games to play using Cardano but also some unique games that became very popular among crypto gamblers.
It is just a matter of understanding which type of game you want to play. If ADA continues to grow in the coming months, then you might have the possibility to play some Cardano-focused games. However, this option is currently available for some games linked to Bitcoin, Ethereum, or even Dogecoin.
Remember, before depositing funds to a crypto-friendly casino, make sure they support ADA and that the games that you want to play let you pay with Cardano. Otherwise, you might find yourself playing games that you do not like or using other virtual currencies.
🪙 What coins can be used for gambling besides ADA?
There are different virtual currencies that can be used to play at online casinos. These currencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), Monero (XMR), and Dogecoin (DOGE). Due to this reason, you will find a wide range of games that you can play not only with just one currency but with many of them.
But why are there so many virtual currencies? Because each of them offers different services and has different characteristics. Some of these currencies are faster while others are cheaper to use. Everything depends on the type of solutions you need.
Bitcoin, for example, would be a great virtual currency to use if you want to play at different casino platforms. This is due to the fact that Bitcoin is the largest virtual currency in the world and it can be used to do many things besides playing at online gambling sites.
Although Bitcoin is the most popular one, Ethereum has also been growing over the last few years. It is now the second-largest in the world and it became a clear leader in terms of smart contracts. Due to this reason, Ether became one of the best coins to play at online casinos. It is usually faster than Bitcoin but it also became as expensive to use as BTC due to congestion.
Litecoin is also one of the oldest virtual currencies in the world. Indeed, thanks to its fast and cheap transactions, it became a great option for users that want to send and receive funds in just minutes all around the world. If you want to fund your casino accounts several times and withdraw funds every time you win, then Litecoin could be a great option.
Monero is a different virtual currency as it focuses on privacy. Rather than having a public blockchain network, Monero focuses on making private transactions. That means that you will not be able to see any of the details of any transactions that are processed by this network. This is why this could be one of the best coins to use if you care about privacy.
Dogecoin is a popular memecoin that offers fast and cheap transactions to users. Due to its large community, it also became a great option to use at different online crypto casinos.
Tether (USDT) is the most popular stablecoin you can find in the market. What does it mean? It means that its value is pegged to the U.S. dollar. Each USDT coin is worth $1 and it never moves from this price. Thus, you have a stable virtual currency that has the same positive aspects of other digital assets without having to be worried about volatility.
🔎 KYC in Cardano casinos
Now it is time to understand how know-your-customer (KYC) works in Cardano casinos. We need to take into consideration that casinos are obligated to conduct regular KYC checks. That means that you will have to provide personal data when you sign up, and they can also request additional information when you withdraw funds.
It is very important to check in the Terms and Conditions (T&C) which are the KYC controls that they apply and when they can request this information from you. This is why it is very important to understand which data they can request as well.
Usually, if you are a larger player, then you should already prepare the necessary information as it would for sure be requested to you sooner or later. It is up to you to decide whether you play at casinos with more in-depth KYC checks than others.
Before playing at an online casino, you should check and understand which are the KYC rules that each of these platforms applies. This would let you plan your gaming strategy and eventually get the papers ready to submit on the gambling website using Cardano.
✔️ How to choose the best Cardano casino to play?
It is now time to choose the best ADA casino to play. But how to do it? There are some tips and tricks that you can follow in order to play at the best Cardano casino without being worried about having a bad experience.
Check their reputation
You should always check the reputation of the casino. That means that you should read different online reviews and comments from users. Usually, when there are many negative comments, you should try avoiding this platform.
If you see that some negative comments get repeated, then you should avoid this platform at all costs. This shows that the casino is not doing enough to solve the issue. Additionally, you should definitely check whether the withdrawals work properly, you don’t want your funds to be stuck at a Cardano casino.
Country check
Some casinos apply country limitations. If you are located in specific jurisdictions, you might not be able to play on this platform. Although you could still create an account and deposit funds, if the casino detects that you are playing from a country that is not allowed, you could get banned. This is something you should avoid at all costs.
Games
There are many different games that you can play on a Cardano gambling website. But you want to make sure that the games that you want to play are available at this casino. Sometimes, even if you deposit ADA to the gambling site, some games might not support this virtual currency. Thus, you should make sure that the games you want to play support Cardano.
Welcome offers
Some casino sites have welcome offers available. But what should you check about these welcome offers at ADA casinos? You should make sure that they do not require lots of wagering requirements and that they would effectively be useful throughout the game.
If you see that the website is pushing you to bet more than what you would normally do, then you should carefully analyze whether the welcome bonus is worth using. Moreover, some casinos might have ADA-related bonuses, you should definitely take those into consideration.
Loyalty programs
Loyalty programs are going to be the best way for you to have better perks at Cardano gambling websites if you are a regular player. The casinos should reward those users that deposit funds and play regularly.
You should check whether the loyalty program is achievable and if it is possible to easily move to better reward levels. You don’t want to play at a casino platform that has unachievable loyalty levels.
Withdrawal fees
It is also very important to understand if the casino has additional withdrawal fees. Even if they claim they do not have withdrawal fees, it is always worth comparing the fees that the platforms would take for a withdrawal to the actual network fee of the Cardano network.
Although ADA is cheap to use, the casino might add some hidden fees to the withdrawal process claiming these fees are used to cover the network fees of the Cardano blockchain.
👍 Pros and cons of Cardano gambling
These are some of the pros and cons of ADA gambling.
Pros
- Cardano is one of the fastest-growing blockchain networks
- ADA casinos are now widely available
- There are some games that have been created for crypto players
- Transaction times are faster compared to other blockchain networks
- Transaction fees are very low compared to other coins
- There might be some promotions and bonuses available for ADA users
Cons
- Not all casinos support Cardano
- Some platforms might add additional withdrawal fees (negating Cardano’s competitive advantage of cheap transactions)
- It might not be so easy to use for newcomers