Best Cardano Casino Site 2023
SMART COIN FOR SMART GAMBLERS
If you hold ADA, chances are you’re a smart cookie and see the potential for this token to develop. 2023 could be a massive year for the crypto coin, which is well-regarded in the space with some of the finest minds in crypto behind it.
Slowly but surely, Cardano casinos are becoming more common. Here are our top ADA casino sites for Cardano gambling!
Top ADA Casinos
Choosing a top Cardano casino shouldn’t be hard, and at Gambling Crypt, it’s not. We’ve tried and tested these Cardano casinos for fairness, quick withdrawals, and fantastic game choice. Know a good Cardano casino missing from the list? Let us know!
Guide to Cardano Casinos
What is Cardano?
Cardano is a proof-of-stake blockchain platform. It was created by Charles Hoskinson, one of the co-founders of Ethereum, and developed by IOHK (Input Output Hong Kong), a blockchain development firm.
The blockchain aims to provide financial services to all and become more mainstream. ADA is a digital coin used to store value and send and receive funds like other cryptocurrencies. The coin was named after the 19th-century mathematician Ada Lovelace. She is regarded as the world’s first computer programmer.
The network strives to be the most environmentally sustainable blockchain platform. To help with this, it uses a unique proof-of-stake consensus mechanism called Ouroboros, rather than the energy-intensive proof-of-work systems used by other coins like Bitcoin.
All proposed changes are thoroughly peer-reviewed, leading to a better, more stable product where glitches or problems are found before being released. The technology is already employed in real-world situations such as farming and retail.
Cardano launched in 2017 and so is still relatively new. It’s not a particularly common payment option at crypto casinos, but we see that changing in the next year. We will update this page with new ADA casino options appear.
But try Cloudbet ADA Casino, it’s a fantastic crypto betting site where you can make ADA transactions with a negligible fee.
How much is Cardano worth in fiat?
In September 2017, Cardano was launched with an initial coin offering (ICO) that raised over USD $60 million (fiat currency), making it one of the most successful ICOs at the time. The ADA coin was subsequently listed on several cryptocurrency exchanges, including Binance and Bitfinex.
During its early days of trading, the price of ADA experienced significant volatility. In December 2017, the price reached its all-time high of $1.33 on the Binance exchange. However, the price soon faced a sharp correction and dropped to a low of $0.02 in December 2018.
Since then, the price has recovered and has been trading within a relatively stable range. As of March 2023, the price of ADA is around $0.25, with a market capitalization of over $8 billion.
It is worth noting that the price of ADA, like other cryptocurrencies, is highly volatile and subject to market speculation and sentiment. You can buy ADA at all leading cryptocurrency exchanges, and it’s kept in a crypto wallet like any other crypto coin.
Benefits of Cardano Casino Gaming
Here are some of the advantages of playing at a Cardano casino.
Cheap gas fees, fast payouts on winnings
ADA transactions are fast and cheap. The average transfer equates to just a couple of cents, making it an inexpensive payment method. Unlike other blockchain platforms, fees are not based on market demand but rather on the actual resources required to process a transaction. This means that even during times of high network traffic, users can still enjoy low and predictable fees.
The platform is capable of processing up to 1,000 transactions per second, making it one of the fastest blockchain networks currently available. This is achieved through a unique consensus mechanism.
Eco-friendly blockchain option
As a more sustainable option than the energy-intensive tokens of Bitcoin and Ethereum, the ADA network could have a serious edge over its competitors in the long term. By using a PoS consensus mechanism, it massively reduces its energy consumption and carbon footprint. According to its own Foundation, the energy consumption of the network is just 6 GW per year, compared to Bitcoin’s estimated 115,850 GWh per year.
ADA roulette, poker, blackjack, baccarat, slots, esports
The best Cardano casino will offer a Cardano casino bonus, like a welcome bonus or first deposit bonus, plus regular top promotions, a VIP program, and Free Spins to keep you entertained throughout the year – often without wagering requirement.
At top Cardano casinos like Cloudbet, BetFury, and BitStarz you can you find a wide range of Cardano casino games like Cardano slots, jackpot games, video poker, craps, Provably Fair games like Plinko and Dice, live ADA casino and live dealer games like roulette, blackjack, and craps, plus much more.
Other popular games include Keno, scratchcards, and Cardano sports betting is becoming more common too. Wager on football, NFL, NBA, and dozens more sports at Cloudbet.
You will see all the best casino software providers like NetEnt, Pragmatic Play, Play’n GO, and Evolution, and unlike a traditional casino, most Cardano casinos are VPN friendly.
Potential for greatness with Ouroboros
Cardano also offers more sophisticated smart contract capabilities, which could enable more complex Cardano casino game offerings, digital assets, and features in the future.
Ouroboros is considered a good consensus algorithm because it offers a high level of security, energy efficiency, scalability, decentralization, and flexibility.
More wallet anonymity with cryptocurrencies
Like most crypto coins, there is more privacy and anonymity playing at an ADA casino. Shielded addresses on the blockchain use a cryptographic technique called zero-knowledge proofs to hide transaction details such as the sender, receiver, and transaction amount.
This provides a certain level of privacy and anonymity, but it is important to note that it is not complete anonymity, as the metadata associated with the transaction may still be visible.
Also note, that when signing up to a Cardano casino, you will still need to provide some personal information to the ADA casino. Truly anonymous gambling doesn’t exist outside of unregualted, unlicensed sites and apps where we wouldn’t recommended playing at.
Drawbacks and cons of a Cardano Casino
A few things to consider when depositing at an ADA casino.
Network faces competition
Many don’t see Cardano as superior to other smart contract blockchains like Ethereum, and it already faces rivals like Solana. This means not many casinos use it, preferring to accept Bitcoin, Bitcoin Cash, and ETH.
In addition, their technology is based on a unique programming language, which may make it more difficult for developers to create decentralized applications compared to other cryptocurrencies that use more common programming languages.
Whether Cardano casino sites will exist in a few years remains to be seen.
Scam ADA casino gambling sites
Because not many legitimate ADA casino options are out there, it leaves the door open for internet scam sites. Beware – only play at trusted crypto casinos you see on Gambling Crypt.
Less ADA casino offers
Many crypto casinos reserve their welcome offers for players that deposit with BTC or Ethereum, so ADA coin holders can miss out. A decent Cardano casino offer is hard to find.
Strength of Bitcoin casinos
The best Bitcoin casino will typically offer a wider range of games – more slots, in-house games, bigger table game, live casino offering, etc – and have been in operation for a longer time, so they are more established in the online casino industry. A Cardano online casino is still relatively new and, like Tron and EOS casinos, will always be in the shadow of Bitcoin casinos.
UPDATE: With some more big names like BitStarz and BetFury now accepting this token, the ADA casino world has some major crypto brands in its corner now.
Is Cloudbet the best ADA casino?
Cloudbet ADA Casino was established in 2013, making it one of the oldest crypto casinos. It is licensed and regulated by the government of Curacao, and was one of the first crypto casinos to accept ADA.
We don’t need to sell Cloubet to you, as it sells itself! It has a huge crypto casino, sportsbook, and even betting on esports. In addition to ADA, there are dozens more tokens you can use to deposit. And it has some of the biggest offers in the business!
