Cardano Casino Payments: New Blockchain Crypto (ADA)

In the world of cryptocurrencies, almost every day we encounter new forms that join this intensive market. One of them is the blockchain platform Cardano, known as ADA. Cardano successfully solves numerous shortcomings of other systems, starting from inflexibility and low speed of transactions. The ADA ranks fifth in popularity, while at one point it was in third place. Cardano is currently Ethereum’s biggest competitor. More about this crypto casino payment method is below.

Top 5 online casinos that have Cardano payment option on offer

Cardano casino online sites are not so represented in Canada. However, we have found some of the best online ADA gambling sites and will present them to you below. We focused on the bonus offers and security of these platforms.

20BET

20BET online casino platform is owned by TechSolutions (CY) Group Limited. The company has a registered address at Parthenonos 5, Flat 103, 2020, Nicosia, Cyprus. Security on this online platform is provided by the Curacao licence. 20BET offers several promotions to new users. On the minimum $30 first deposit, players can activate a 180 CAD + 120 FS welcome offer. For the second payment of at least $15 using Cardano, players can get a bonus of up to 150 CAD. Finally, for a third deposit of $30 by entering the 2DEP promo code, users can get a 50% bonus up to $150 + 50 FS. Bonus funds of the last offer players can use exclusively to play the Rhino Megaways online slot.

Kahuna

Kahuna is an online platform that is managed by Mountberg B.V. This company has a registered office at Fransche Bloemweg 4, Willemstad, Curacao. Like 20BET, Kahuna boasts a Curacao gambling licence. The main feature of the Kahuna site is that it offers bonuses on players’ first 10 deposits. The first deposit promotion is 100% up to $1000. On the second, third, and fourth payment, players can activate a 50% bonus offer. For the seventh to tenth payment, players are rewarded with a 25% bonus. When all comes together, the Kahuna welcome offer is as high as $4000 + 200 free spins. Wagering requirements for 200 free spins are 30x. To activate the welcome promotion, users are required to make a minimum investment of $10 using Cardano or another payment system.

Lucky Nugget

Lucky Nugget is managed by Baytree Interactive LTD. The company is registered at Ground Floor, Kingsway House, Havilland Street, Guernsey. Unlike previous operators, Lucky Nugget is licenced by Malta Gaming Authority. Only to new players, Lucky Nugget offers a generous welcome promotion. After the first deposit using Cardano, a new player can activate a 150% welcome offer up to a maximum of $200. So, there are no free spins included in this offer to play pokies. The minimum deposit for activating the 150% bonus is $10. What we don’t like about Lucky Nugget bonuses is the high wagering requirements. To withdraw funds using Cardano, a player must rollover bonus funds at least 70 times.

Gaming Club

Gaming Club’s online gambling site is under Baytree Interactive LTD. Their company is registered at Ground Floor, Kingsway House, Havilland Street Guernsey. Like the previous operator, Gaming Club has a licence issued by the Malta regulatory body. Gaming Club offers a bonus on Cardano deposits as well. On the first ADA deposit, players can receive a maximum of $200. On the second deposit, the bonus offer can be up to $150. So, the total value of the welcome package of this Cardano casino online is $350, without free spins. Wagering requirements are 70x.

Queen Spins

This online casino is owned and operated by Dama N.V. The company has a registered address at Scharlooweg 39, Willemstad, Curaçao. As the address of this company itself shows, the platforms have a Curacao licence. Queen Spin offers several bonuses on deposits via Cardano cryptocurrency. On the first ADA deposit, the player receives a bonus of 100% up to 500 CAD. For the second and third deposits, users are awarded a 50% bonus with a maximum of 500 CAD. Also, the bonus offers for the fourth, fifth and sixth deposits are 50% up to 500 CAD. The minimum deposit for activating all the above bonuses is 30 CAD. Bonus money expires after 3 days.

How to use ADA for casino payments

Before making a deposit and withdrawing, you need to buy a cryptocurrency and transfer it to your wallet. For purchasing, we recommend using a trusted exchange such as Binance or Kraken. These companies make it possible to buy Cardano quickly and easily. If you are buying with CAD, expect the cost of currency conversion. Then you need to set up a crypto “wallet”. You can use the following ADA wallets:

Non-custodial wallet. Here, you take care of the security of your assets by keeping your private key from unauthorized access.

Host wallet. They are safer then the previous wallet. But you may be required to identify yourself when making a deposit, which means that transactions will not be anonymous.

ADA – the process of making deposits

We will now introduce you to the step-by-step guide for the deposit process using ADA digital currency:

• Sign up at chosen Cardano casino online
• Find Cardano in the deposit section, then click on it
• The next step is to copy the link into the Cardano wallet
• Then you need to determine the amount of the deposit and confirm the transaction

Deposits will be finished within 5 minutes due to security clearance. For deposits, there may be a 0,01 ADA transaction fee.

How to cash out funds using Cardano payment?

The payout process is very simple, just proceed as follows:

• After the win in a game, visit the “Withdrawal” section
• From the available methods, choose Cardano
• In the field provided, enter the address of your crypto wallet
• Determine the amount of the transaction and confirm it

The withdrawal process takes several minutes, you don’t have to wait too long. Also, fees related to payouts are usually 0.01 ADA.

ADA safety and reliability

Cardano uses innovative achievements aimed at the confidentiality of transactions and the protection of users. First of all, unlike other digital currencies, Cardano uses 15-30 levels of blockchain. This technology extends transaction time to 5 minutes but provides a secure transfer. In addition, Cardano is a platform that uses the Proof of Stake mechanism, while Ethereum, for example, is still planning to introduce it. The POS mechanism ensures network security, scalability, and speed.

Cardano’s Pros and Cons

We have selected for you a few pros and cons related to this payment method:

• High level of security
• Cheap crypto with the best growth potential
• Fast transactions that can last a few minutes
• Minimal transaction fees

There are also cons:

• A huge number of available coins could reduce the price
• Not all casinos accept the ADA
• A crypto transaction cannot be undone

Final thoughts about the Cardano cryptocurrency

Cardano is a cheap cryptocurrency compared to other digital currencies in this market. Although it is cheaper than others, the ADA does not lag behind Bitcoin, Litecoin, Ethereum, and others in any way. Cardano is also a secure payment system at real money casinos in Canada. It provides fast deposits and withdrawals, while its fees are not high.