DAI is one of the most well-known cryptocurrencies ever and was the first decentralized stablecoin on the Ethereum blockchain. You can use the coin in a variety of online casinos. In the following, we will show you the best DAI casinos and provide you with all the necessary information about making payments with the token.
The best DAI casinos in the test
Advantages and Disadvantages of DAI in Casinos
- ✅ Deposits and withdrawals with DAI are possible
- ✅ No fees on the part of the casinos
- ✅ Bonus offers available for DAI
- ✅ Fast execution of payments
- ✅ Payment processing without providing private data
- 🛑 Crypto wallet required
- 🛑 Not found in every crypto casino
If you process your payments with DAI in online casinos, you can use the cryptocurrency for both deposits and withdrawals. In addition, in both cases, a speedy processing is certain, which is implemented significantly faster than with conventional payment methods. Fees charged by the casinos are also not the rule when paying with DAI.
An additional advantage can be found in the bonus offers. You can use most deals and promotions with DAI without any problems. In addition, you can process the payments all without giving private information such as your name or bank details.
DAI is still not available at every crypto casino, which can be considered a minor drawback. The same applies to the requirement of having your own crypto wallet for payment processing. However, this is not specific to DAI, as it applies to all other cryptocurrencies as well.
How does DAI work in online casinos?
With DAI, you can make payments in online casinos with just a few clicks. After logging into your player account, you open the deposit area. Here you can select DAI as a payment method and determine the desired deposit amount. It is important to note the individual limits and minimum amounts of the casino.
Then you copy the wallet address of the provider and transfer it to your own crypto wallet. You transfer the respective number of coins to the casino and can start playing after a short time.
- Open the deposit area
- Select DAI as the payment method and set the deposit amount.
- Copy the wallet address of the casino
- Send DAI to the casino address in your own wallet
- Start the game
How secure is DAI?
DAI is managed by the decentralized MakerDAO organization. The cryptocurrency is thus not under the control of central authorities such as central banks. This makes the currency less susceptible to inflation or similar processes. In addition, all payments within the network can be precisely tracked. Although these transactions are mostly anonymous, they are forgery-proof and can be clearly assigned. So you don’t have to worry about criminal activities.
With DAI, you don’t need to use any personal data for payments to the casinos. Therefore, there is no danger that your private information could fall into the hands of third parties.
The seriousness of the casino itself is, of course, a separate issue. We at GamblingID.com test every casino listed here for all aspects that can be an indication of how serious it is. After all, we are talking about your real money that you entrust to the casino after we recommended it.
How do I recognize reputable DAI casinos?
You can recognize reputable DAI casinos by their license. All reputable providers have a license from a regulatory authority. This ensures that the casino adheres to the legal requirements. Otherwise, the withdrawal of the license threatens. In addition, a look at the background helps. In some cases, listed companies are active here, which are bound by special publication requirements.
You should also ensure the player protection measures of your casino. The provider should provide you with the ability to set individual limits. It should also be easy to pause play or delete the account. Many casinos also collaborate with player protection organizations such as GamCare and have their games audited by independent agencies.
Who is behind DAI?
Actually, there is no institution, body, or company behind DAI. Instead, the software behind the DAI protocol is governed by MakerDAO and its associated Maker Protocol. MakerDAO, in turn, is an autonomous and decentralized organization that is run internally through the use of smart contracts. Makers, as holders of MKR tokens, can vote on important decisions regarding the development of DAI.
Frequently asked questions about DAI casinos
- Are all games available with DAI?
Currently, all types of games are available in online casinos with DAI. Players can access slot machines and slots, jackpot games, table games, and live dealer games. However, the number and variety of games may vary depending on the provider.
- Is there a DAI bonus in online casinos?
In almost every crypto casino, players can receive a bonus with DAI. In most cases, there are bonuses for new customers, as well as various offers for existing customers.
- Is the deposit with DAI in casinos free of charge?
Generally, there are no costs for depositing with DAI in casinos. However, players should be aware of network fees in the DAI network, which may include small transaction costs for making payments.
DAI can be used for both deposits and withdrawals in online casinos.
In our opinion, playing with DAI in casinos is very safe. One important factor is that no private data needs to be disclosed. All transactions are done only through wallet addresses. Additionally, we evaluate other factors like welcome bonuses, game selection, customer support, bonus terms, quality of table games and slots, and more, just like in any real money casino.
- How high are the payout ratios in DAI casinos?
In DAI casinos, the payout ratios are similar to those in traditional real money casinos. The choice of cryptocurrency does not affect the payout ratio. This also applies to the selection of games, including slots and table games.
Alternatives to DAI in casinos
If you don’t want to use DAI, you can find a variety of alternatives. DAI is based on the Ethereum network. It is therefore obvious to switch to Ethereum as an alternative. In this case, the distribution in casinos is even slightly larger. The same applies to Bitcoin, which is the top coin in casinos.
If the characteristic of a stablecoin is particularly important to you, you will also find interesting alternatives. For example, you can switch to Tether or USD Coin.