If you hold Cardano, 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, a choice of crypto casino is starting to accept Cardano. Here are our ADA casino top sites for Cardano gambling!
Top ADA Casinos
Guide to Cardano Casinos
What is Cardano?
Cardano is a proof-of-stake blockchain platform, while the digital coin it uses is called ADA, named after the 19th-century mathematician Ada Lovelace. She is regarded as the world’s first computer programmer.
The Cardano 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 Cardano 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 to Cardano are thoroughly peer-reviewed, leading to a better, more stable product where glitches or problems are found before being released. The Cardano blockchain is already employed in real-world situations such as farming and retail.
Cardano was launched in 2017 and so is still relatively new. It’s not a common payment option at crypto casinos, but we see that changing in the next year. We will update this page with new Cardano casinos when they appear.
But try Cloudbet Casino, it’s a fantastic crypto betting site where you can make ADA transactions with a negligible transaction fee.
And a note, we use the terms Cardano and ADA interchangeably to mean the coin during this guide.
How much is Cardano worth?
In September 2017, Cardano was launched with an initial coin offering (ICO) that raised over $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 of ADA reached its all-time high of $1.33 USD on the Binance exchange. However, the price soon faced a sharp correction and dropped to a low of $0.02 USD in December 2018.
Since then, the price of ADA has recovered and has been trading within a relatively stable range. As of March 2023, the price of ADA is around $0.25 USD, with a market capitalization of over $8 billion USD.
It is worth noting that the price of ADA, like other cryptocurrencies, is highly volatile and subject to market speculation and sentiment. As such, it is essential to conduct thorough research and analysis before investing in any cryptocurrency.
You can buy Cardano at all leading cryptocurrency exchanges, and it’s kept in a crypto wallet like any other crypto coin.
Benefits of Cardano Casinos
Here’s why Cardano is well-suited to crypto gambling.
Cheap gas fees and fast transactions – average transfer equates to just a couple of cents, making it an inexpensive payment method. Unlike other blockchain platforms, Cardano’s 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 257 transactions per second, making it one of the fastest blockchain networks currently available. This is achieved through Cardano’s unique consensus mechanism.
Eco-friendly option – a more sustainable option than the energy-intensive tokens of Bitcoin and Ethereum. Cardano could have a serious edge over its competitors in the long term. By using a PoS consensus mechanism, Cardano massively reduces its energy consumption and carbon footprint. According to the Cardano Foundation, the energy consumption of the Cardano network is just 6 GW per year, compared to Bitcoin’s estimated 115,850 GWh per year.
Crypto gambling choice – the best Cardano casino will offer a Cardano casino bonus, like a welcome bonus or first deposit bonus, table games, staking options, live dealer games, slots, and more.
Potential for greatness – Cardano also offers more sophisticated smart contract capabilities, which could enable more complex casino game offerings and features in the future.
Drawbacks of an ADA Casino
A few things to consider when depositing at an ADA casino.
Cardano 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.
Scam sites – because very few casinos offer Cardano gambling, it leaves the door open for scam sites to accept Cardano. Beware – only play at trusted crypto casinos you see on Gambling Crypt.
Less offers – Many crypto casinos reserve their welcome offers for players that deposit with Bitcoin or Ethereum, so Cardano holders can miss out. A decent Cardano ADA casino is hard to find.
Strength of Bitcoin casinos – A 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 may have a smaller selection of games compared to a Bitcoin casino.
