We discuss the advantages of using ADA as a deposit method at crypto casinos. Learn about the benefits and access to exclusive games whilst saving money & time.
Cardano or also known by its trading ticker, ADA, is a third-generation blockchain.
Where Bitcoin was developed purely as a means of acting as a digital currency, Cardano has taken things a little further and has gone the same route as Ethereum by providing smart contract functionality in its network.
By enabling smart contracts in the blockchain, developers can essentially create applications, also known as DAPPs (decentralized applications), that run on the Cardano blockchain.
These DAPPs can come in wide varieties and perform many different functions. In most cases, they are smart contracts that facilitate financial transactions or act as decentralized exchanges where people can buy and sell tokens.
Since the Cardano network performs these financial functions and has real-world use cases, the underlying native token of the network’s ADA will always have a certain value. It is for this reason that people feel safe using the ADA token as a means of transacting with one another.
In this article, we will take a look at how online crypto casinos implement the ADA token as a deposit method, and you, as the user, can benefit from using it at online casinos.
780% Welcome Package + $5 No Deposit Bonus
18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply
100% Cashback up to 1 Bitcoin
18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply
100 Free Spins + 1000% Bonus
18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply
€750 Welcome Bonus + 75 Free Spins
18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply
Cardano or ADA tokens act just as well as a means of payment in addition to performing other intricate functions on the blockchain.
For users that opt to use ADA as a means of payment over the internet, there comes along with it a great deal of security, safety, and privacy that cannot be enjoyed when making payments via credit or debit cards over the internet.
Before the advent of the blockchain, users had to make payments across the internet by handing over their credit or debit card details to websites they did not necessarily trust.
Now users can make payments to sites they do not fully trust without the need to hand over any personal information. Also, the crypto wallets do not need to be registered to their names, which give them full anonymity when transacting with online casinos.
Additionally, banks do not allow gambling online in certain countries, so if you are, for example, traveling abroad, you might run into some problems trying to make or receive payments at online casino sites.
There are several benefits to using Cardano (ADA) as a deposit method at a casino over using normal bank payments.
As mentioned before, the greatest and most attractive advantage to users is the great deal of privacy and anonymity that goes along with it. The only place you would need to register to use cryptocurrencies might be the exchange which you purchased the tokens from.
Some exchanges do not require you to register if you are only using small amounts of cryptocurrencies. Outside of the exchange, you have full anonymity when using crypto as a payment method.
Users who deposit using ADA will also gain access to some of the crypto-only games that are available on the casino sites. These games can oftentimes yield greater rewards and jackpots than normal games.
Players that use ADA will also benefit from much quicker withdrawal times over the users that make use of traditional banking systems. This will be quite evident when comparing it to international wire transfers, which can be really expensive and take days in some cases.
The Cardano network is also fairly cheap and fast when compared to other blockchains, so transferring your tokens to and from the exchanges will also be a very quick and hassle-free experience once you have set up all your wallets.
25 FS + $90K or 3 BTC Welcome Bonus
18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply
€750 Welcome Bonus + 75 Free Spins
18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply
100% up to $700 Bonus
18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply
100% & 200% Bonus for all players.
18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply
ADA is a third-generation blockchain with some pretty impressive capabilities compared to your standard cryptocurrency. It does also serve very well as a simple means of payment, and clients can gain all the benefits of the blockchain by using ADA as a payment vehicle.
When comparing the benefits users gain by using ADA to that of traditional banking systems, it’s a no-brainer to go with crypto. There are some pitfalls that users will have to look out for, and with it comes some extra steps that need to be taken to enjoy the freedom and privacy that crypto offers.
Users need to take the extra steps of having to buy the tokens from an exchange and then transfer them to the casinos to take part in this payment system, but the payoff is well worth it.
In addition to the extra steps, there are some safety procedures to follow to ensure your money is never at risk. This involves using hardware wallets and also being smart with your wallets, and never connecting your main wallets to any online services.
ADA works on the same principles as any other cryptocurrency, and all the same safety rules apply when using ADA tokens. Crypto is as safe as you make it by adhering to safety precautions.
No, the ADA token provides no additional privacy over any of the other crypto tokens, but when used correctly, all crypto tokens pretty much provide you with full anonymity at casino sites.
The ADA network costs are not that high compared to other cryptocurrencies and vary depending on the congestion of the network, but, on average, cost around $0.017.
Yes, by using ADA as a deposit method, you can get access to exclusive crypto-only games that fiat users cannot play.
That all depends on the country you are in when gambling. Not all countries have the same gambling laws, and just so with cryptocurrencies. Each country has very different laws when it comes to cryptocurrencies. Always ensure you are on the right side of the law before depositing.
When you practice proper safety precautions like using a hardware wallet, it can be safer than using a credit card. Never connect your main crypto wallet to online casinos.
Whilst some online casinos allow you to do this; it’s a very bad idea for two reasons. Firstly, they will charge quite hefty fees to do so, and secondly, you will need to provide your bank details to receive a payout in fiat, which defies the whole purpose of using crypto in the first place.