There is no definite answer on how to choose a Cardano casino. However, there are some pointers to keep in mind when selecting a Cardano casino to join. You should check the type of license that the casino has, the games it offers, and how supportive the customer service is. Don’t forget to look at the bonuses and the terms offered for those bonuses.
Best Cardano Casinos
We are living in a world where everything is getting digitized. Paper money transactions are gradually going out of trend, and cryptocurrencies are growing popular as reliable virtual currencies. As such, the popularity of cryptocurrencies, such as Cardano, has birthed entirely new innovations and technologies.
If you are an experienced gambler, you would have probably come across some problems such as the dreaded transaction declined message, withdrawal delays, lengthy and annoying registration processes, and other time-wasting tasks. However, the cryptocurrency market has come to solve these problems and provide you with a better gambling experience. At this point, you might be wondering about the connection between the gambling industry and cryptocurrencies. This is why we have come up with this review to enlighten you on the opportunities and features of playing casino games with cryptos.
Before we proceed to Cardano gambling, it is important that you know more about this particular cryptocurrency. As such, we will equip you with valuable information about Cardano, the perks it offers, and how to make payments with Cardano.
What is Cardano?
Cardano (ADA) is a blockchain platform that was released in 2017 by Charles Hoskinson, who was a co-founder of Ethereum. The native token of Cardano is ADA and is named after Ada Lovelace, the first-ever programmer. Cardano aims to address the shortcomings of many popular cryptocurrencies that came before it. Since its release, it has grown to have one of the largest market caps of all cryptocurrencies. It uses a unique method of verifying transactions called proof-of-stake. This method allows interested users called validators to mine or validate block transactions according to the number of coins they hold. Unlike proof-of-work that many original cryptocurrencies like Bitcoin use, the proof-of-stake used by Cardano does not require much work. That is, this method does not consume large amounts of energy to fuel computational power. Instead, it gives mining power based on the number of coins the miner holds.
Cardano is an open-source project that anyone can help improve. This doesn’t mean that just anyone can add anything to it. The Cardano Foundation in Switzerland must approve the request for improvement. The foundation also partners with top institutions like the University of Edinburgh and the University of Wyoming to improve the platform. The technology that forms the basis of Cardano isn’t much different from other cryptocurrencies, in principle. Most cryptocurrencies are based on blockchain technology. This technology is a decentralized network of computers that process and store transactions and helps to maintain a secure and decentralized record of transactions. This is to ensure the fidelity and security of any transaction and generate trust without the need for a third party.
What are Cardano Casinos?
Any casino that supports payment with Cardano is a Cardano Casino. Since fiat money is generally accepted by everyone all around the world, it made sense for most casinos to accept these currencies. But, since cryptocurrencies are becoming mainstream, you will now find many online casinos that accept ADA.
Although Cardano is a relatively new cryptocurrency, it is really doing well in the crypto space. The way most Cardano Casinos work is that you start by depositing funds into your casino account with ADA. The amount is then converted to a fiat currency balance that you can easily use to stake on your favourite casino games. Also, when you want to withdraw, the casino will convert your balance back to ADA and transfer it to your Cardano wallet. There are also some completely crypto casinos that do not accept fiat and only allow crypto. In these cases, a player’s account balance is held in the respective crypto and even bets are placed using crypto.
Many casinos prefer ADA for payments because there are no middlemen involved when processing payments. Also, Cardano offers traceability, a feature that means online casinos can keep track of their users without violating their anonymity.
Cardano Casino Games
There is no difference between games played at casinos that accept fiat currencies and cryptocurrencies. You don’t need to worry that the gaming experience will be different. However, based on jurisdictions, some games might not be available to play with Cardano.
Cardano casinos offer numerous games from top providers and you will never be short of options. You will find games from top gaming providers like Pragmatic Play, Microgaming, Evolution Gaming, Yggdrasil, Betsoft, Play’n GO, NetEnt, and Red Tiger.
You will find popular slot games at Cardano casinos like:
- Easter Island
- Gates of Olympus
- Reel Talent
- Wild West Gold
- Legacy of Dead
- Tower of Fortune
- Rise of Olympus
- Starlight Princess
- Beauty and the Beast
- Lava Gold
- and thousands more.
If you are the type that loves table games, you will find hundreds of table games like Poker, Craps, Baccarat, Roulette, Blackjack, and more. Some Cardano casinos also offer live dealer games, where you get to interact with live dealers and other players.
Cardano Casino Bonuses
These days, it is normal to expect bonuses and other perks from online casinos. Many Cardano casinos offer bonuses for signing up, making a deposit, and many more. Most Cardano casinos will offer welcome bonuses in the range of 100% – 200% of your first deposit up to a certain amount. The limit differs, depending on the casino you are playing with.
While the bonuses a Cardano casino offers might look good on paper, it makes sense to know the terms and conditions of the bonuses. Some of the things to look for are:
- Minimum Deposit – You should know the lowest amount of ADA you should deposit to qualify for the bonus.
- Maximum Bonus Amount – Check the highest bonus you will get when you fund your account with ADA.
- Bonus Validity Period – You should check for how long the bonus is valid.
- Wagering Requirements – This is perhaps one of the conditions you must know before joining a Cardano casino. The wagering requirements refer to the number of times you should cycle your money before you can cash out. Don’t forget to check if they apply to just the bonus amount, deposit amount, bonus winnings, or all of them.
- Maximum Transferable Winnings – Some casinos limit the number of winnings from the bonus that you can transfer to your real money balance for withdrawal.
- Withdrawal Limits – Many casinos limit how much you can withdraw within a given period.
Aside from the welcome bonus, you can get other bonuses from Cardano casinos. Some of the conditions above may also apply to other bonuses you get from the casinos.
Cardano Casino Deposits
To start playing at Cardano casinos, you have to sign up for an account. Most importantly, you will need a Cardano wallet. Your wallet makes it easy for you to keep, send, and receive crypto. There are several free crypto wallets out there, but the most popular and convenient are the ones you install on your phone.
You can buy ADA through most cryptocurrency exchanges. However, you will need to create an account with the crypto exchange platform you are using to exchange your fiat currency to ADA. You can buy ADA with debit/credit cards, bank transfers, or other supported payment options.
For improved security, you should keep your ADA in your personal wallet. Overall, the process of buying ADA with a crypto exchange is fast and easy. You can then proceed to transfer it to your Cardano Casino account once it reflects in your wallet.
Depositing with Cardano
To deposit crypto into your Cardano casino account is easy to do. Simply follow the steps stated below:
- Visit the Cardano casino website.
- Log into your account.
- Go to your account and click on “Deposit”.
- Some casinos will support multiple cryptocurrencies. Choose “Cardano/ADA” as the deposit option.
- Depending on the casino, you might see a QR code or the casino’s Cardano address. The address is usually a combination of letters and numbers, just copy the address.
- Open your Cardano wallet and select “transfer” or “send”.
- Paste the address you copied above. Alternatively, you can scan the QR code.
- Confirm that the address is correct. If you send it to the wrong address, you may lose your money as there is no way to recover it.
- Enter the amount of ADA you want to deposit into your account.
- Accept or submit.
- Your payment will be processed in a few minutes.
Withdrawing with Cardano
To withdraw from a Cardano casino account is as easy as depositing. Before you can withdraw, make sure that you have fulfilled any KYC requirements of the casino and that you have met the requirements for withdrawing. The following steps can help you:
Visit the Cardano casino website and log into your account.
- Choose a withdrawal method.
- Enter the amount of ADA you want to withdraw.
- Input your Cardano wallet address.
- Confirm that you entered the correct address.
- Submit the withdrawal request.
- Check your Cardano wallet a few minutes after. You should have received the funds.
Advantages of Cardano Casinos
There are areas where Cardano casinos stand out compared to traditional fiat casinos. You will see some of them here.
Speed – One of the advantages that Cardano casinos have over their traditional cousins is the speed at which payments can be processed. Within minutes of processing payments, the funds will be sent to the destination.
Decentralized Payment Option – When you play at a Cardano casino, you are in control of your payments without the involvement of a third party, such as banks or a government regulating it.
Reliability – Unlike traditional payment methods, processing payments with Cardano cryptocurrency is reliable. The gaming industry is constantly under scrutiny which is why many traditional payment processors don’t like to get involved with gambling. With your Cardano wallet, you can rest assured that all your payments will go through.
Security – Perhaps the biggest selling point of cryptocurrencies is security. Blockchain technology ensures that every transaction is verified. This prevents foul play and ensures that every transaction is secure.
Low Energy Cost – Bitcoin has made the news for the large amounts of energy it uses for transactions due to its proof-of-work. Cardano corrects that by using proof-of-stake instead.
Disadvantages of Cardano Casinos
It’s not all splendour for Cardano casinos and there are some things to be aware of.
No Way Out for Payments – The Cardano Foundation is just a figurehead, so no single entity controls the Cardano transactions. If you make a mistake with the Cardano address or have a dispute with the casino then you’ve lost those funds forever. Hence, it’s impossible to reverse a payment.
Volatility – The price of ADA constantly fluctuates. It can lose or increase in value in a matter of hours. You should be aware that market volatility can be beneficial or disadvantageous to you.
Cardano Casino FAQs
How do I choose the best Cardano Casino?
Is Gambling at a Cardano Casino Legal?
Where you live can determine the legality of Cardano. Some countries have created laws to declare cryptocurrencies illegal. Be sure to check if your country supports cryptocurrency transactions.
Do I need to Pay Taxes on Winnings from a Cardano Casino?
Every country has its rules on taxes on winnings from a casino. You should speak with a tax consultant in your country to advise you on taxes due for casino winnings. Most times, you will need to pay taxes, whether the winnings are from crypto or regular casino.
Are Cardano Casinos a Scam?
Not at all. However, this is not to say there are no questionable casinos that deal with Cardano out there. To be safe, you should ensure that the casino you register with is reputable and preferably licensed.
Manuel lives in Argentina and is very passionate about casino games and the adrenaline that the games imply. Manuel has also a burning interest in the crypto market and its opportunities. In his free time, he likes to do extreme sports in nature, such as climbing the mountains of Patagonia and diving in the sea.