| Information about Cardano | |
|---|---|
|
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| Developer: | Charles Hoskinson |
| Publication year: | 2017 |
| Abbreviation: | ADA |
| Market Capitalization: | ~ 12 billion |
| Support: | IOHK, Cardano Foundation |
| Website: | cardano.org |
| Best Cardano Casino: | Bitstarz Casino |
With the breakthrough of the Bitcoin more and more cryptocurrencies entered the market within a short period of time. One that became successful within weeks is ADA – operated and developed Input Output Hong Kong – IOHK for short, which launched the platform Cardano launched.
Like most coins. ADA depends on the blockchain network. The range of Cardano (ADA) Casinos can (still) be described as fairly manageable. Nevertheless, our experts believe that the coin has immense potential for the future, which is due in particular to its high security standards.
Due to the decentralization of the ADA Coin and the special application platform, Cardano wants to succeed in rectifying the disadvantages known from Ethereum and further optimize the concept of the blockchain for ADA. It is not without reason that Cardano is also often called "the Ethereum killer".. The coin was initially limited to maximum 45 million. However, ADA also offers the possibility of generating further coins if there is a corresponding response.
Although ADA is still less well-known than its "role model" Ethereum, it is now traded on more and more crypto exchanges. Some of the most established are:
- Binance
- Bitpanda
- Coinbase
- Or even Exodus
Exciting Fact: With the introduction of the Cardano ADA Coin on Coinbase, the price experienced an immense rise. The US-based trading platform announced in March 2021 that it would list Cardano on Coinbase Pro in the future. Just at that moment, the value jumped.
Table of Contents
- The best Australian Cardano casinos
- What is Cardano anyway?
- Cardano, the Ethereum killer?
- This is how playing at ADA Casino works
- Advantages & disadvantages of Cardano casinos
- How can you recognize reputable ADA casinos?
- These limits apply when making payments with Cardano
- Can you use all games in the casino with Cardano?
- Tips & tricks for payment with ADA
- Cardano Casino FAQ
- Conclusion about Cardano Casinos
The best Australian Cardano casinos
The cryptocurrency ADA has meanwhile gained a foothold in online casinos – More providers that rely on digital coins are likely to follow. Here is our list of casinos that allow gambling with ADA at the current time:
What is Cardano anyway?
Cardano itself is a blockchain platform that focuses on the execution of smart contracts specialized. The crypto coin belonging to the company bears the abbreviation ADA. Cardano itself, just like Bitcoin, Ethereum and Litecoin, is a virtual currency that is generated and traded via the blockchain.
The developers or inventors of the coin have high aspirations for their project to offer scalable value transfer to governments as well as private individuals and corporations. With Cardano, one has to clearly differentiate between the blockchain and the provision of the own ADA coin, because both areas are offered independently of each other by the company behind it.
Blockchain apps of all kinds can be executed smoothly and securely via the platform. This refers not only to the well-known and popular smart contracts, but also to so-called DApps. ADA can be purchased on common blockchain wallets – also called crypto wallets. Companies like Binance also offer the possibility of trading. The currently still quite low price of the Cardano currency ADA is ideal for beginners.
Interesting: Cardano has officially existed since 2015. However, the launch of the token took place much later, at the end of the second quarter of 2017. At that time, there was one of the biggest "crypto bull runs", from which Cardano benefited significantly. Within a few weeks, the ADA Coin was able to establish itself as one of the top 10 cryptocurrencies.[1]
Behind the coin and its associated blockchain is Charles Hoskinson, who is considered the co-founder of Ethereum.
Cardano, the Ethereum killer?
Since May 2021, there have been the first Smart Contracts from Cardano[2]. This will make the project a true Ethereum De-Fi platform alternative, according to founder Charles Hoskinson. Overall, it seems as if the developer is making use of the experience he gained as ETH co-founder. After all, no one knows the "weak points" of the better-known coin better than Hoskinson.
With the Cardano blockchain as well as the ADA token, optimized functions now want to be established on the market. The success so far confirms that the developer seems to be doing everything right at times.
In the meantime, ADA is on the fast track. Within a very short time Charles Hoskinsonmanaged to make the coin "presentable" and even convinced Coinbase as well as Bloomberg. Both have implemented the ADA token in their Trader Tools – the former in the Coinbase Pro section.
This is how playing at the ADA Casino works
- Choose your preferred provider and create an account
- Log in, open checkout, select ADA as payment method.
- One-time QR code / Cardano Wallet address will be generated.
- Open crypto wallet
- Log in, scan QR code or enter address manually
- Select amount, confirm payment
The credit should be available with most crypto wallets completed within a few minutes and the credit should be credited to the account of the selected Cardano casino. The fact that the transaction is not always directly in real time works, has to do with the calculations of the digital coins. If the booking is not completed even after an hour, it helps to contact the customer service. They can help with the tracking of the transaction, although this is actually only very rarely necessary.
Providers like Cloudbet display the account balance in the selected cryptocurrency – in this case, ADA. There is a possibility to view different transactions and coins so that funds can be easily deposited in the form of Cardano, but also BTC and ETH or the like. If the personal area is opened, the provider shows which euro value players have in the account.
Many games can be played in ADA currency however, for others the provider converts the balance as well. Placing the bets in euros is at least a little easier and makes it easy to keep track.
Buy ADA: How does it work?
In the meantime, Cardano is available on most crypto exchanges. The following providers can our experts currently recommend:
Once a customer account is set up, real money payments can be made and exchanged for ADA at will. exchange them for ADA. The purchase as such takes only a few minutes of time. Another option is with crypto brokers, although these are geared more towards more experienced blockchain users and buyers buyers. If it is only about acquiring ADA credits for the casino, the aforementioned exchanges are a simple and immediately implementable solution.
Advantages & disadvantages of Cardano casinos
- What are the advantages of using ADA as a casino payment method?
- What are the disadvantages with Cardano Casinos?
What advantages does ADA offer as a payment method in the casino?
In principle, Cardano can also be used as a secure blockchain currency or digital coin. describe. A major advantage is that the co-founder of Ethereum is responsible for the development and accordingly brings a high level of expertise. During implementation, particular attention is paid to better energy efficiency.
The development of the ADA token is based on the latest scientific findings. Already at the end of 2017, the developer made great promises, which, however, now have to be implemented first. Advantageous for casino players: Depositing and withdrawing with Cardano ADA works just as easily and securely as with all the
Advantages at a glance:
- Science-based coin development
- More energy-efficient blockchain
- Fast, easy transactions
- Winning payouts within hours
- Low transaction fee
- Independent of physical money
- Almost unlimited deposits and withdrawals possible
What are the disadvantages with Cardano casinos?
So far the selection of casinos, which accept ADA Coins, is actually still more than manageable. For Australian players, among others, Cloudbet, one of the first crypto casinos and absolute pioneer in terms of token diversity, offers to play with Cardano. However, many providers are still holding back, which could quickly change as the coin becomes more widely known.
The fact that so many companies in the industry are exercising restraint has to do in particular with the market development. Cardano is still in its infancy and the promises made by the Ethereum co-founder make must first be fully realized. Should that be the case, ADA, which is already in the top 15 coin rankings, could become more relevant to the gambling industry as well.
These disadvantages should be noted:
- Only a few ADA casinos available at times.
- Development phases not yet completely finished
- Currently unpredictable development of the market value
A security noteIf the opportunity arises, it is advisable to hold Cardano (ADA) as well as other cryptocurrencies on a cold wallet – i.e. a hard drive or USB stick. Hot wallets, such as the well-known exchanges, still carry a security risk, albeit a small one.
The difference to other cryptos
The fact is that Cardano is a token that is significantly younger than Bitcoin and also Ethereum. As a result, its founders, including CEO Charles Hoskinson, have benefited from the lessons learned so far. ADA often has to be compared with ETH in particular, which is due to the fact that Hoskinson was personally co-responsible for the development of Ethereum. Cardano was created on the basis of this as a third generation coin in which previous deficits were ironed out from the outset. In addition investors benefit from the following differences:
- More security through proof-of-stake consensus algorithm
- Better scalability
- ADA benefits from many years of ETH experience
- Lower network fees
Interesting detail about the company structure: Behind Ethereum is a community of diverse developers who compete in the background and where ultimately no clear hierarchies prevail. The situation is different with Cardano. Here, a team works hand in hand and sticks together every step of the way. Both the distribution of tasks and the salaries of the employees are clearly defined.
How can you recognize reputable ADA casinos?
No matter whether deposits are made with real money, ADA or other alternative coins are carried out: Security should, of course, always come first. Therefore, it is all the more important to pay attention to the presence of a gambling license. This does not necessarily have to be issued by the well-known MGA Malta, because many of the providers licensed there are now following the transitional regulations set for Australia and severely restrict players.
When we talk about online casinos without a license then it is simply meant that the companies neither specify 1 euro betting limits nor a deposit restriction of 1,000 euros per month and will therefore apparently not apply for a Australian gambling license. Such providers are also the ones who are increasingly working with cryptocurrencies – be it the Cardano ADA Coin, BTC or also Ethereum and Litecoin, to name just a few.
Good to know: While a reputable ADA casino will largely waive many of the restrictions, it will still offer players the option to set limits for themselves. This makes it easier to counteract the dangers of gambling addiction. Ultimately, personal responsibility is especially important here, though of course fair crypto casinos will step in if the situation calls for it.
These limits apply when making payments with Cardano
Usually, as with all cryptocurrencies, only a minimum amount is specified for ADA. At example of Cloudbet this can be seen well, because the provider states that at least 1 ADA is to be deposited. However, the company does not set any upper no limits at all. Here it becomes clear why the registration in crypto casinos is worthwhile especially for high rollers.
The payout is in the example mentioned possible from 30 ADA. Converted, this would be, as of May 31, 2024, about 10.50 euros. The rate can fluctuate a little, of course, so that an equivalent value of around 10 euros can be expected on average. However, the fluctuations in the share price do not change anything. Thus, if the value were to actually drop even further, this would result in a significantly lower minimum deposit in euros. Also the The payout of winnings is also possible without limits.
Can I use all games in the casino with Cardano?
Is the deposit with ADA Coins is permitted, then all games are usually open to players. It can be, as already noted, that casinos Cardano credits converted into euros in advance to ensure the best possible availability of the portfolio. Basically, however, this does not matter much for the customer, because the main thing is that none of the favorite games have to be renounced either.
Here are some categories that are usually ADA compatible:
- Slots
- Jackpot Slots
- Baccarat
- Live Games
And by the way also the VIP program is also open to customers who have chosen ADA as their currency.
Tips & tricks for paying with ADA
Currently, the agony of choice may not be out of many players when it comes to Cardano casinos. Nevertheless, there are a few things that can be considered when buying tokens that will make a difference in the end – especially from a financial perspective. First of all, it is important not to choose the first wallet right away. The comparison sometimes brings significant potential savings. In addition our experts recommend the following:
Compared to Bitcoin, Ethereum and other classics, the ADA Coin is still quite affordable. With a little luck, the value will increase even while you are playing with it in the online casino.
- Watch out for special ADA promotions
- Ask the wallet provider about limits and fees
- Compare wallets to save costs
- Inform yourself in detail about purchase options
- Set your own limits for deposits
Currently, the Cardano purchase is particularly worthwhile, as the rate per coin is significantly cheaper than Ethereum, Litecoin or Bitcoin. While it is not possible to say too much about the further development, should there be an increase, those who bought early will profit the most. Whether the ADA is then invested in the casino or elsewhere, the decision is of course up to everyone.
Cardano Alternatives
Especially today, when the ADA Coin is not yet too widespread in the gambling industry, it makes sense to know the alternatives. In the meantime, significantly more tokens than just bitcoin are accepted by crypto casinos. Players should be familiar with the following cryptocurrencies:
Not everywhere the selection is identical. All the more reason to compare different crypto casinos. Helpful here are our expert reviewsOur expert reviews are helpful, because they focus on other aspects besides the payment methods – be it bonus promotions, the game selection, security precautions or the reliability of the customer service.
Cardano Casino FAQ
Players are now familiar with some cryptocurrencies. Cardano and ADA, respectively, on the other hand, are only just emerging. All the better to deal with the most important questions early on. As always, we have the right answers for you – easily comprehensible & helpful for the decision.
- What are the fees for making an ADA payment at the casino?
- Is there a Cardano bonus at the casino?
- Is ADA accepted everywhere?
- How secure are Cardano deposits?
- Who invented Cardano?
- Is Cardano the same as Ethereum?
1.) What are the fees for making an ADA payment at the casino?
Basically, online casinos do not charge do not charge fees for deposits and withdrawals. charged. Nevertheless, transactions could be associated with small costs. We are talking here about the typical fees for cryptocurrencies Network transaction fees. These are primarily influenced by the crypto wallet chosen. It is therefore even more worthwhile to compare options such as Binance, Exodus, Coinbase and Bitpanda in detail.
As already explained, ADA generally has much lower fees than other digital lower fees than for other digital assets. This alone is an aspect that speaks for the choice of the still comparatively unknown token in the gaming industry.
2.) Is there a Cardano bonus in the casino?
The ADA Coin is accepted by more and more casinos, so the legitimate question arises whether there is a suitable bonus offer. In pure crypto casinos, i.e. providers that do not allow real money transfers with credit cards or similar, but rely exclusively on coins, it is mostly common that, if there is a new customer bonus and other bonus offers, these are regardless of the currency can be used. So the answer is yes.
As the example of Bizzo Casino a provider that accepts both euros and ADA, there are also hybrid casinos that offer their customers the customers the new customer bonus with ADA. make. There, the following applies: Played (and settled) in euros, regardless of the currency selected for the deposit. The portal offers a 100 euro bonus for new customers.
3.) Is ADA accepted everywhere?
As already stated the Cardano ADA Coin is nowhere near as widely accepted in the gambling industry as Bitcoin, for example. However, there is with Bitstarz, Cloudbet or Bizzo Casino there are several attractive and reputable crypto casinos that allow payment with Cardano. And our experts are sure that more gambling sites will follow.
In fact, this manageable selection does not apply to crypto wallets or exchanges. All the exchanges we know of have now included the ADA and, as a result, offer their customers the opportunity to pay with the Coin of the Cardano Blockchain "stock up". This can even be particularly worthwhile at the moment, since the price is relatively low at the moment. Although a growth similar to that of Bitcoin is not to be expected, the ADA could still gain a bit in value in the future.
4.) How secure are Cardano deposits?
In terms of security, there is hardly any difference between ADA transactions and payments with other digital currencies. Wherever possible, players should the 2-factor authorization which provides additional security for the payment.
The QR code generated by the provider for the booking is just as individual as the alternative wallet address. Both are valid only once and are renewed with every transaction, so that access by third parties can be almost completely can be ruled out. The crediting itself should also be completed within minutes – for deposits as well as for winnings withdrawals.
5.) Who invented Cardano?
The inventor and one of the brains behind Cardano: Charles Hoskinson – Source: Cardano.com
Behind the ADA Coin is the mathematician Charles Hoskinsonwho was born on November 5, 1987 and who still lives in America. The scientist was able to gain experience years ago, as he not only had the idea for the Cardano ADA Coin, but was also one of the most important co-founders of Ethereum.
The idea for the development of the ADA came from Ethereum colleague Jeremy Wood. The latter approached Hoskinson at the time, and so the joint idea was born, the Input Output Hong Kong project, or IOHK for short. To this day, Cardano is backed by a a huge team of scientists and engineers, who manage both the blockchain and the ADA token.
6.) Is Cardano the same as Ethereum?
The Smart contracts platform of the Cardano blockchain is promising right now. What can be clearly stated is that Ethereum and ADA are not identical. On the one hand, the new blockchain is based on a different security concept, and on the other hand, it is supposed to eliminate the previous shortcomings of the ETH Coin.
Not without reason is Cardano is often referred to as the "Ethereum killer".. The great competition certainly has to do with the fact that the ADA developer Hoskinson knows exactly what is behind the structures of the Ethereum company. Several times he has already fired against the coin and its operators.
The founders of the ADA token are pursuing the goal of using their Haskell programming to be suitable for applications in the organizational and financial sectors. Hoskinson and his team are by no means only interested in becoming better known in the gaming sector. All in all, the new generation of ALT Coins offers many advantages that can only be expected with ETH in the newly planned 2.0 version.
Conclusion about Cardano Casinos
Currently, it seems as if the Cardano is on the fast track in the crypto world.. At least the well-known Ethereum makes the Coin sharp competition. However, whether it will be able to establish itself in the long term like ETH, Bitcoin or Litecoin cannot be said with certainty.
In the field of online gambling, ADA does not seem to be all that significant yet, although the number of casinos that accept the coin is growing steadily. 20Bet, Cloudbet, Bizzo Casino or Bitstarz are just a few examples of providers that rely on ADA in addition to Bitcoin & Co.
Many points, including in particular the efficiency and energy efficiency of the of the Cardano Blockchain, speak for a solid future. So, it can definitely make sense to look into ADA and acquire first coins via well-known platforms, such as Binance, Exodus or Bitpanda.
List of sources
[1] Coinmarketcap.com
[2] IOHK.io
Author: Jake ErvingRated: CardanoAuthor Rating:
