Cardano Online Casinos

The use of cryptocurrencies across online casinos is becoming more popular each day, so when you find a site that accepts Cardano, make sure you it. This is a next-generation cryptocurrency, created a few years ago, which has revolutionized digital currency transactions we knew of so far. In fact, it has become the third-best crypto, following Bitcoin and Ethereum, because it offers the fastest transaction times. But why use Cardano across online casino sites as your payment method?

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Cardano FAQs

What is Cardano?

Cardano is an innovative cryptocurrency, created in 2015, with its native token ADA launched two years later. It is a global crypto accepted all across the world, allowing for incredibly fast transactions, which can be purchased using other cryptocurrencies, for a very low cost.

Can you purchase ADA using fiat currencies?

No, at the moment no, you cannot use US dollars, UK pounds or euro, for instance, to purchase ADA. You can only use stablecoins, Ethereum and Bitcoin.

What wallets can I use to store my coins?

There are plenty of options, but Daedalus and Yoroi are the most used ones by ADA holders. These can be ed on any desktop and mobile device, and you’ll just need to go through a few simple steps to get started with them.

Is there any Customer service I could in case I get in trouble with my transactions?

When you visit its official website, you will see that it is extremely informative and transparent, guiding you when it comes to the steps you need to make and how to use the crypto online. The whole process is described in detail, so you can easily find the solution to your problem there. But if you wish to, you can go to the Us page and fill out the form, and the Customer agents will reach you as soon as possible.

Is the crypto already available across many online casino sites?

There is a decent number of casinos that already accept the crypto, but this number won’t be as huge as it is for, say. Bitcoin.

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About Cardano

The first thing you should know about Cardano is that it is founded by the co-founder of Bitcoin and Ethereum, which are the absolute leaders. On the CoinMarketCap, you’ll see that it is listed among the top 10 cryptos, but its popularity is yet to reach its peak.

This is the first global blockchain that has been developed by a group of experts with academic backgrounds and reviewed by peers. It was founded in 2015 by Charles Hoskinson, who left Ethereum due to indisputable differences with his colleagues. Hoskinson and his new team of pros created a new blockchain, considered the third-generation blockchain, as it combines elements from the two previous blockchain generations, with a twist. But Cardano is actually funded by three organizations: Jeremy Wood/Hoskinson’s IOHK (Input-Output Hong Kong), Emurgo, which is an initiative that s enterprises, startups and developers who develop blockchain solutions, and a sister to IOHK, and the Swiss Cardano Foundation.

Now, the next thing you should know about this crypto is that the actual native token, ADA, was launched two years after the blockchain was created. The inspiration for the name behind it is quite a fun one. While Cardano was named after Gerolamo Cardano, one of the world’s biggest polymaths and mathematicians from Britain. Both contributed immensely to the world of programming, proving that math can be of great use for computer devices.

What makes this crypto so special, though? Well, while the blockchain is an open-source and decentralized one that facilitates peer-to-peer transactions, and works on smart contracts just like Ethereum, it is not developed on already existing blockchains, but developed from scratch. That’s its strongest suit, the fact that it was developed with a very data-driven and academic approach, reviewed by peers. And the best part about it is that when it was first tested upon the very launch, it processed 257 transactions per second, which was unbelievable, considering Ethereum’s 15 to 20 transactions per second and Bitcoin’s 4.6.

Therefore, it is no wonder that Cardano was warmly welcomed by the growing number of online casinos that accept it. So, if ready to find out how to get started with it and use it as your payment method, stay with us.

Types of Services Offered

You’ve learned a lot about Cardano so far, but let’s explain how it functions actually and the type of service it offers.

As mentioned, this is a revolutionary digital currency, designed from scratch, and not on the existing blockchain technologies. As such, its developers managed to improve the way crypto works, and create a solution that would sur others in of security, fees and speed. Let’s be real, these are Cardano’s strongest suits, the security and the cost-effective fees, and the speed, of course. But how could the developers make that happen?

You can discover all about the technology behind it on its website, to understand why the solution offers such impressive transaction times. You should know right away that the ADA tokens cannot be mined. Therefore, there won’t be a need for paying proof-of-work fees to the miners, since the solution does not use the PoW consensus model. To achieve network consensus, actually, it would all depend on the staking pools and the network nodes through the wallet. The nodes and the validators ensure that there’s an always-updated copy of the state of the blockchain for ing transactions. This is how security is ensured.

The fees are cost-effective since they are charged by the stalking pools in the validator network. They vary, but no memory cost of tracking the accumulated blockchain state applies. Sure, fees will be charged by exchange platforms, but these are inevitable.

Speaking of exchange platforms, to get started with the solution, you would need to create a wallet. Although there are many wallet options you can explore, choosing Daedalus, Yoroi, Ledger or Trezor would be the most convenient ones, as well as Coinbase, Binance, Gemini and Kraken. You can purchase your ADA tokens right there.

Another thing you should know is that ADA tokens can only be purchased by stablecoins like USDT, USDC and BUSD, Bitcoin and Ethereum. No fiat currencies can be used. And once your tokens have been purchased, for storing them, you will need to two addresses, one for transactions, one for staking.

How to Deposit with Cardano?

Even though Cardano was launched in 2015, ADA was in 2017, and as such, it is still fairly new and not accepted across many online casino sites. There’s a pretty decent number of casinos that already accept it, but the list is growing as you’re reading this. So, you would need to find a few casino options, explore them, and choose the one that suits you, which allows transactions with this cryptocurrency. When you do, the casino.

Then, do the following to make your first deposit with it:

Head over to the casino’s Cashier/Banking page.
Find Cardano’s logo from the listed payment methods and click or tap on it.
When the new window appears, specify how much you’d like to deposit on your online casino balance, and enter the required addresses.
Confirm the transaction and watch your coins arrive on your balance in an instant!

One thing to keep in mind here is that transactions with Cardano, although conveniently instant, are irreversible. So, considering the transaction is processed in real-time, and cannot be reversed, make sure you triple-check the amount and the addresses needed.

How to Make a Withdrawal with It?

Just like with all currencies, withdrawals with Cardano are not only an option but also instant. As long as you’re playing at a site that accepts it for deposits, you can rest assured that it will also be accepted for withdrawals.

The procedure will be similar to the one we described for depositing. You would need to visit the Cashier/Banking page and in the Withdrawal section, choose Cardano. Request the transaction as described, by entering the proper addresses and the amount you wish to withdraw and wait for the casino to approve the transaction. After the casino checks and approves the request, your coins will immediately arrive in your wallet.

Country Restrictions and Other Limitations

Considering this is a decentralized cryptocurrency, it is available all across the world, no country restrictions apply at all. But you should keep in mind that some countries have banned the use of crypto, and the only way you won’t be able to use it is if your country is one of those that do not allow cryptocurrency transactions. As long as your country allows, you can use this crypto whenever and however you want.

As far as other limitations go, we need to mention that you’re limited as to which cryptocurrencies you can use to purchase ADA coins. You can only use stablecoins like USDT, USDC and BUSD, as well as Bitcoin and Ethereum. You cannot use fiat currencies like with most other cryptos.

And, we should mention that you would need to pay fees charged by the validator network’s staking pools. Even though these fees would be low, they do exist. And so do fees charged by the exchange platform you’ll be using.

Advantages and Disadvantages

Just now, in the previous section, we basically covered the two disadvantages you’ll face when it comes to using Cardano. One is the fact that you cannot use fiat currencies and you can only use a few cryptocurrencies to purchase ADAs, and the other one is the fact that fees are charged by the staking pools and the exchange platforms. But considering no crypto is absolutely free of charge, you can probably overcome this issue.

As far as the advantages go, though, the list is huge. We’re talking about an innovative, revolutionary crypto that was designed from scratch. Even though inspired by the two previous generations of blockchains, it offers much more improved service and way faster and secure transactions. It is available all across the globe, so it is perfect for you as an online casino player. Especially because it is accepted for both deposits and withdrawals. The list of casinos that accept it is an ever-growing one, and the crypto has yet to reach its peak in of popularity. But, whatever you do, make sure you drop everything and give it a try. There’s not a chance in the world that you’ll regret it.

Final Analysis

If you’re into crypto and used to playing with crypto across online casino sites, you should definitely give Cardano a try. You may already have a wallet that s it, so things would be even easier for you to purchase some ADAs and use them to fund your online gambling time. But even if not, you can get started with it on any device easily, in just a few taps or clicks, and start using it right away.

This is the third-best crypto out there, mainly due to the security, speed and cost-effectiveness it offers. Its beginnings are impressive, and you can trust it as it was designed by the co-founder of Ethereum.

The only real downside, if you put the small fees aside, is that you cannot purchase it with fiat currency, but only with a pre-set range of cryptocurrencies. But if already a Bitcoin or Ethereum , you are pre-equipped. Therefore, do not overthink it and give it a try. Your online gambling experience with it would be seamless, considering the crypto is available to players from all across the globe, for both deposits and withdrawals.