What is Polkadot?
Polkadot (also known as DOT) is a post-Bitcoin cryptocurrency and, like so many other coins, lives very much in its shadow when it comes to use in wider society and at crypto casinos. For that reason, it is not as widely accepted – which is a shame as it works as both a token and a protocol.
In short, this protocol allows unrelated blockchains to communicate securely in a speedy and scalable manner. This means it can process 1000 transactions a second, which is more than 100x faster than Bitcoin and more than 30x faster than Ethereum.
Crypto gamblers, however, will be more interested in its use as a token, and it uses proof of stake to create and distribute new DOT, rather than the Proof of Work method used by Bitcoin.
Buying Polkadot
Despite its relative obscurity, Polkadot is available to buy at the same cryptocurrency exchanges where you can buy more popular currencies like Bitcoin, Ethereum, and Peercoin. You can buy them using any other cryptocurrency, or almost any FIAT currency including CAD, EUR, and USD if you need to add funds to your wallet from another source.
As with the purchase of almost any other digital currency, you need to search for Polkadaot or DOT and ensure the pairing is correct so that you avoid hiccups in the process. You then enter the amount you wish to buy and, after completing the transaction, you will see Polkadot sitting in your e-wallet along with any other cryptocurrency you have purchased.
If, however, you are starting from scratch, you’ll need to find a crypto-currency exchange and sign-up for an account - but once verified and active, you can start to buy Polkadot using the same process.
Pros and cons of using Polkadot at a crypto casino
So, you can now see where Polkadot fits in with the other cryptocurrencies available. Yet, you might still be undecided whether Polkadot is the right crypto for playing casino games or whether you should just stick with the ‘usual suspects’ of Bitcoin, Ethereum Litecoin, or Tether.
For that reason, here is a quick breakdown of the pros and cons of Polkadot, so you can decide for yourself:
Pros of using Polkadot
Like most other cryptocurrencies, Polkadot gives the user the kind of anonymity that will appeal to a great many players of slots and table games. You can play as much and as often as you want, and the long paper trail you would get when using FIAT won’t be there.
Transactions using Polkadot will be completed quickly, with deposits showing up in your account almost instantly, and withdrawals being as speedy as the casino's internal verification process will allow.
Using Polkadot will also remove all of the red tape imposed by the banking system when you want to use your own money, as well as the limits they might impose.
Cons of using Polkadot
From the crypto gambler’s point of view, all of the benefits of using Polkadot would be there if you used any other cryptocurrency.
It is a much newer and less established coin
While Polkadot is secure, it is not as well known as Bitcoin and Ethereum. So, there is no long term information available about it, and this might affect how people feel about it.
It does not feature on the payment methods list of many crypto casinos, so you will be limited in your choice or need to exchange it for another coin before making a deposit.
What you need to know about making Polkadot deposits and withdrawals
Armed with this knowledge you will be in the best position possible to know if using Polkadot is right for you. The final piece of the puzzle here is knowing what is involved when you fund your account or make a withdrawal back to your e-Wallet.
The first thing you need to be aware of is that Polkadot is accepted at very few crypto casinos, but you should also note that this process will also be very similar if you opt to use a different coin for your crypto gambling instead.
Deposits
All transactions using Poladot are designed to be fast, and that is best illustrated by the process of adding funds to your balance. Before you attempt this, you will need to be logged in and have your account page open in front of you. There is usually a very apparent deposit option. If not, it can also be found under the banking options.
From the list of coins, select Polkadot (as with the exchange, you might find it listed as DOT) and copy the displayed code over to your e-Wallet. Then it is simply a case of entering the amount you want to deposit. At some Polkadot casinos, this process is made even simpler by scanning a barcode.
Withdrawals
The process for withdrawals is slightly longer, but that is only for your protection. Here you select withdrawals from the options and select the amount of Polkadot you wish to withdraw from your balance. This is where the extra step comes in – coming in the shape of 2FA – where a code is sent to you to confirm your identity before the transaction takes place.
Fees
While the casino is unlikely to charge a fee for transactions, you will have to pay a fee to the blockchain network.
Top crypto casino sites for June 2023
5 things all the best Polkadot Casino Sites have in common
Now you have some Polkadot sitting in your wallet, the next step is to find a Polkadot Casino. This is not straightforward as it might sound, since Polkadot is underused by online casinos; so, finding one where it is accepted can be something of a rarity. That said, when looking for the best ones you will find these 5 things.
1. Attractive bonus offers for new customers
All online casinos, whether they be regular, social, or crypto casinos, the competition for new customers is fierce. For that reason, they need to put together an offer that will attract you to them rather than to the competition.
As a result, even though crypto casino no deposit bonuses are rare, the regular welcome offers are typically very generous.
2. Check they are legit and licensed to operate where you are
While the internet and cryptocurrency are both available globally, gambling laws vary from country to country and even from one territory to another. This means that not all crypto casinos are available to you, and you need to check that they are licensed to operate where you are – although many online casinos are likely to let you know if you’re allowed to join by tracking where you are accessing them from.
3 You can use the site easily and find what you need
It doesn’t matter how attractive the bonus is if you can’t find the slot or table games you want because the site is badly designed. So, it’s considered good practice that you spend a little while on the site checking if you can access all the areas you need to; this does not just include finding the games you want, but also your user dashboard and customer support.
4. Fast and responsive customer support
The best DOT casinos do what they can to ensure as little as possible goes wrong. They also have fast support available in case the worst does happen. This will often be in the shape of an extensive FAQ section, as well as answers provided to you via live chat and email.
5. Impressive games roster
Most online casinos have a massive number of games available, but size is not everything. The best crypto casino sites have games from big-name providers and a range that covers all of the needs of crypto gamblers.
This will be made up of all types of slots including progressive jackpot and Megaways titles, and a variety of table games with multiple versions of blackjack and roulette. There should also be a live casino and, in some cases. a sportsbook for sports betting.
Finding the best Polkadot Casino
Finding crypto casinos that have all these things in common can take time, and you might not be too sure exactly what you are looking at – especially if this is your first ever crypto casino experience. In a situation like this, you can turn to our team of experts, who have already done the legwork for you.
They’ll have already checked, reviewed, and rated every one of the crypto casinos available out there. But of course, personal preference might mean you have a different opinion of what might be right for you, so don’t get too caught up in reviews if you’re sure that an operator is safe and that it fits your needs. Here are a few examples of reliable crypto casinos that will allow you to wager with your DOT Tokens:
1. Stake.com
Earlier in this guide we stated that Polkadot was not as widely used as other cryptocurrencies, and Stake.com is one of those that are yet to accept it as a payment method. However, there are still plenty of other benefits available if you trade your Polkadot in for something else.
Slots, table games, live casino, and original titles
Stake certainly ticks the box for an attractive bonus as you saw earlier, as long as you use the exclusive code. Also, the operator scored highly with our team of experts because of the range and quality of games available.
These include slots and table games from Pragmatic Play and Hacksaw Games, as well as live casino options from Stake Live, and exclusive games in the Stake Originals section. Here you will find games like Dice, Mines, and Crash – which are not your regular table games like roulette or casino, are easy to understand and have very high RTPs.
VIP club and other promotions
You will also find a VIP club – although it functions more like a loyalty program. There are several levels to climb through, with monthly bonuses for those just starting; and weekly and daily bonuses, a VIP host, and bespoke rewards for those at the top level. In addition to this, there are also multiple ongoing promotions to take advantage of – especially the $75K giveaway and the daily slot races for those who play on nominated slots.
2. B.C.Game
B.C.Game has seen what has worked at Stake and has tried to repeat that success on their own site. What you get is an easy-to-use site with a large roster of games, from names like NetEnt, Playtech, and Quickspin, who head up a list of over 50 suppliers. As with Stake, this sits with a small number of original games covering slots, table games, and live casino options.
There is also a VIP Club that allows you to spin a bonus wheel each day, with bigger prizes available according to your VIP level. On top of that, there are extra promotions here, which are usually centred around a featured lot – but not as many as you will find at Stake.com.
As with Stake.com, you will have to trade your Polkadot for a different cryptocurrency before playing, but unlike Stake.com. B.C. Game has an app so you can play on the go.
3. Fairpsin Casino
You will find more of the same at Fairspin, with a wide range of games all sitting on an easy-to-use platform. Many of these games have a free play mode so you can see what is involved before you start wagering your crypto. There is also a generous bonus for those signing up for the first time, and a small range of additional promotions for existing players.
Conclusion - making the best choice when looking for the right Polkadot casino
After reading this guide, you might have seen how Polkadot fits into the hierarchy of crypto coins, and the advantages and disadvantages of using it at a crypto casino. One of the first things you will find about DOT casinos, however, is that they are few and far between – but that does not mean you should go for the first one you find. Instead, you should use the tips in this guide to find the best one available and cash in on any crypto casino bonuses they have to offer.
If it turns out that Polkadot does not meet your requirements, you will find other guides on this site to many altcoins, and checking those out may be the best way forward for finding the perfect coin for you.
Our favorite crypto casino bonuses
Polkadot casino FAQ
💡Is there a list of DOT casinos?
Polkadot has its pros and cons, like any other digital currency. One of the less favourable facts is that crypto casinos that accept Polkadot are hard to find, which could put some people off. By reading our guide, you will discover how to find the best casinos, not just for Polkadot but other cryptocurrencies as well.
💭What is the biggest bonus available at a Polkadot casino?
When looking for a crypto casino, one of the deciding factors is going to be the welcome bonus on offer. These vary between casinos, and finding the right one can take a long while. Our new guide looks at this in detail, and by reading it you will find out the first place you should look.
💰 Will Polkadot still be around in 5 years?
As you have seen, new coins appear all of the time and others disappear without a trace. This can be worrying if you are a crypto gambler, and by reading our guide you will be able to see the pros and cons of Polkadot so you can decide for yourself.
💸Do they have VIP clubs at Polkadot casinos?
Different operators offer different services, which means that out there is the right crypto casino for everyone. However, as DOT casinos are few and far between, this search can take a long time. Our short guide will tell you exactly how to find a casino with all the right features for you faster than you might have thought.
🪙 How long do Polkadot deposits take?
When you join an online casino, you want to be playing as soon as you possibly can. This means knowing which payment methods will arrive in your account the fastest, and by reading our latest guide you will be able to see where Polkadot features on that list.
