DAI Coin Online Casinos
Meanwhile, payment with cryptocurrency is widespread in online casinos. We at Kryptocasinos.com have searched for the best Dai (DAI) casinos. All the important facts and details about the stablecoin Dai can be found in our article.
- Top DAI Casinos: Jackbit, BC.Game, Bets.io.
- Stability & Fast Transactions: DAI is a stablecoin with low volatility and fast transactions; however, it is not widely used.
- Network Options: Deposits and withdrawals are possible via Ethereum (ERC-20), Polygon, Binance Smart Chain, Avalanche, Fantom, Arbitrum, and Optimism.
- Future Outlook: The future of DAI is uncertain; the website has not been updated since 2021.
- Recommendation: Use DAI now and switch to other cryptocurrencies later.
- Responsible Play: Encouraged for all users.
Best Dai Coin (DAI) Casinos for Canadians 2024
Here you can find the Dai Coin online casinos we tested, including bonus offers.
Our Top 3 DAI Casinos in Canada
#1 DAI Casino: Bets.io
Our winner Bets.io boasts an extensive selection of high-quality games, including an exciting live casino. In the slots category alone, over 3,700 games await you. In addition, the casino meets all necessary security standards. The bonus offer here is special and stands out from the competition.
Company | Zosma LLC |
---|---|
Website | bets.io |
Regulation/Licence | Anjouan |
[email protected] | |
Live Chat | Yes |
Game Selection | About 7861 games from 128 providers |
RTP | 98,93 % |
VPN | Yes |
User Search Terms | Dogecoin Casinos, Litecoin Casinos, Tether Casinos |
- Generous welcome bonus
- Many well-known game providers
- Provably fair slots and games
- Lightning-fast payouts
- 24/7 live chat
- Few cryptocurrencies
#2 DAI Casino: Jackbit
Our second-placed crypto casino Jackbit impresses with a strong range of over 7000 games and a live casino section. The website has a modern design and is easy to use. We also had very good experiences with the helpful customer support in our test. Our exclusive welcome bonus with no wagering requirements is unbeatable!
Company | Ryker B.V. |
---|---|
Website | jackbit.com |
Regulation/Licence | Anjouan |
[email protected] | |
Live Chat | Yes |
Game Selection | About 6550 games from 84 providers |
RTP | 97,74 % |
VPN | Yes |
User Search Terms | Cardano Casinos, Ripple Casinos, Solana Casinos |
- Excellent website usability
- Over 7000 games
- Very good game categories
- Modern design
- Good support
- Game selection is difficult to navigate
#3 DAI Casino: BC.Game
BC.Game offers a wide range of games from top manufacturers. It has its in-house titles and an impressive live casino section. This gambling site allows you to play via VPN, so you can enjoy flexible gaming fun whenever you want.
Company | BlockDance B.V. |
---|---|
Website | bc.game |
Regulation/Licence | Curaçao |
[email protected] | |
Live Chat | Yes |
Game Selection | About 4100 games from 62 providers |
RTP | 97,75 % |
VPN | Yes |
User Search Terms | Basic Attention Token Casinos, Polkadot Casinos, Stellar Casinos |
- Enormously large selection of slots
- Numerous well-known providers
- Exclusive BC.Game titles
- Fair rakeback bonus
- Many available cryptocurrencies
- Same-day withdrawals
- Excellent customer support
- Unclear welcome bonus
- Uses its own stablecoin for bonuses
Advantages and Disadvantages of Dai Coin in Online Casinos
Dai Coin is a stablecoin, meaning its value stays relatively constant. This stability is crucial for online casino players, as it ensures that their winnings and bets are not affected by market volatility. Dai's blockchain-based and decentralized nature also provides enhanced security for transactions, giving Canadian players confidence that their deposits and withdrawals are processed securely and transparently. This contributes to building trust in the use of this cryptocurrency.
Currently, DAI is not available as a payment method in many casinos. Although the popularity of cryptocurrencies is growing overall, many casinos mainly offer more well-known coins such as Bitcoin, Ethereum or Tether. The limited availability of DAI as a payment method naturally restricts the options for DAI casinos. On a positive note, though, an increasing number of pure crypto casinos are embracing niche coins and providing a broader range of deposit options.
- High stability: DAI is a stablecoin backed by cryptocurrency, offering consistent performance and lower volatility.
- Security: DAI is fully blockchain-based and decentralized, which increases the security of transactions.
- Popularity among players: Due to its stability and security, many players prefer DAI as a payment method.
- Use in pure crypto casinos: Pure crypto casinos offer a wider selection of cryptocurrencies, including DAI.
- Limited acceptance: There are currently comparatively few online casinos that accept DAI as a payment method.
- Conversion fees: When acquiring DAI through fiat currency exchange, fees are incurred which must be taken into account.
Choosing the Right Dai Casino
When looking for the right Dai casino, your personal preferences play a big role. Every Canadian player is different and chooses their favourite casino according to various criteria. Therefore, we examine all important areas of an online casino in our reviews. This way, you can get a complete overview and decide whether the presented DAI casino is what you are looking for.
In our reviews, we report honestly and fairly, giving you information on casinos’ strengths and weaknesses.
Bonus – Available Offers and Bonus Terms
Deposit and Withdrawal – Limits and Transaction Speed
Security – Measures and Licensing
Live Casino With DAI – Available Games
Mobile Casino – Web App and Mobile App
Game Offer – Categories and Software Providers
Customer Service – Contact Channels and Reliability
Bonus
Among online casinos tested by us, a special Dai no deposit bonus is currently not available. However, we gather all bonus offers regardless of the payment method. For example, you can get a no deposit bonus at Crashino Casino, which includes ten free spins. Betfury offers free coins every 20 minutes. Both bonus offers aren’t tied to a specific payment method.
However, before signing up with an online casino and claiming the welcome bonus, you should look at the bonus conditions or the wagering requirements. You need to make sure that the offer is fair and check whether there is a code that might be required for bonus activation.
Deposit and Withdrawal
Depositing and withdrawing with cryptocurrency Dai is the same as with other casino payment methods. Below we have summarized the deposit process in a few steps:
- Select an online casino and register
- Select Dai coin as a payment method
- Make your first deposit
- Activate the welcome bonus
- Play
How Fast Can I Start Playing With Dai?
Depositing with Dai coins has two distinct advantages compared to fiat currency deposits: there are no waiting times and also no fees. Even if the network is very busy, decentralized mining guarantees that deposits are booked to your player account within one hour.
Normally, the desired amount is credited to your casino account after a few minutes, and then you can already start playing. If you want to deposit with cryptocurrency – whether with Dai or another coin – you need a so-called crypto wallet or eWallet in which the cryptocurrency can be stored and transferred to a potential recipient.
If you already possess Dai stablecoins and have stored them in a wallet, you can start playing in just a few minutes, as described above. If you have to get a wallet first and change the coins from fiat currency to Dai, you won't need more than one hour. This means you are still faster (and more anonymous and safer) than with a fiat currency deposit.
How Fast Will I Receive My Winnings With Dai?
The withdrawal of your winnings is comparably fast. After making a profit, it comes to the payout. Click on the “Payout” or “Withdraw” button in your logged-in area and specify the desired amount plus the cryptocurrency.
Only your first withdrawal may take a bit longer, as the casino will verify your identity beforehand. This is a standard procedure implemented by every trustworthy online casino. Before making your first withdrawal, your ID card needs to be sent to the casino. This process is called KYC (know your customer). The goal is to verify the identity of new customers to gauge their legitimacy.
Security and Trustworthiness
Security and trustworthiness are two essential components of our tests and important criteria for Canadian players. Therefore, this topic is our prime focus, and we explore it in detail.
How Do I Recognize Trustworthy Dai Coin Online Casinos?
You should consider several security features when looking for a reliable and good Dai online casino. We have already mentioned the most important one – a valid gambling license (at least a Curaçao license). But there are also other features that point to a trustworthy provider: SSL encryption of the website and the option to set up limits or 2-factor authentication in the casino account.
Good customer service, ideally equipped with a 24/7 live chat and a well-stocked game selection with top-class game manufacturers/software providers and various payment providers, reflect well on a casino.
Are Dai Coin Online Casinos Legal?
Yes. It is also legal to play with Dai coins at the online casino if they are offered as a payment option. However, you should always check the casino’s terms and conditions first. This may also depend on the laws of your respective region.
Are My Dai Coins Safe in Casinos?
If a casino meets the security requirements described above, you don’t have to worry about your coins. The same applies to your personal data.
Expert Opinion on DAI Use in Online Casinos
Did you know that Dai's destiny is guided by a Decentralized Autonomous Organization (DAO) with the help of a software protocol? All the activities related to token issuance and burning are transparently monitored and documented using Ethereum-powered smart contracts.
Dai is so popular because of its soft peg to the USD, which provides a reliable unit of value amidst the volatile fluctuations that are common in other cryptocurrencies. So, if you're looking for a dependable cryptocurrency, Dai is definitely worth considering!
Live Casino
Live casino provides you with the real casino feeling that you experience from the comfort of your home. You can play against real dealers via live stream. If your online casino has such an area, it doesn't matter which payment method you use. This means you can also play the live casino’s roulette, blackjack, poker or baccarat with Dai.
Mobile Casino & Casino App
If you prefer to play at the online casino via your cell phone or tablet, that's no problem. All online casinos tested by us have a well-optimized web app. This means you can easily open the casino's website via your cell phone's browser, log in and start playing. It doesn't matter if your phone is old, new, big or small. Dai online casinos from our selection are excellently designed for mobile use.
Game Selection
An excellent Dai online casino has a large selection of attractive casino games such as slots, table games, card games, as well as various other games such as bingo, game shows or lotto. In our tests, the assortment plays an important role – everyone should find something for themselves there. Therefore, we pay attention to a good balance between the number of games and the game manufacturer/game provider.
An average RTP value (return-to-player) of 95-96% is considered fair in a good Dai coin casino. However, depending on the game, the value differs, just like the volatility.
Customer Support
Due to years of experience in the online casino world, we know exactly what players in Canada value and what matters most when it comes to customer service. A good Dai online casino not only has customer support in several languages but ideally also a live chat with real customer service employees.
In addition to that, a FAQ section is very useful. With the help of this section, the most frequently asked questions concerning a wide variety of topics are already answered. This provides clarity, and direct contact with customer service can often be avoided.
Instructions: How To Get Started at a DAI Casino
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Step 1: Check DAI balance
Ensure your wallet contains DAI coins and that your wallet software is up to date.
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Step 2: Register at a DAI Casino
Choose a DAI casino that suits you best, click on the green button on our list of the best and register.
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Step 3: Copy deposit address
Go to the cashier area, select DAI and copy the deposit address.
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Step 4: Make a DAI deposit
Open your wallet, paste the deposit address and select the desired amount. Pay attention to the casino's minimum deposit.
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Step 5: Start playing
Once the transaction is completed, you will receive a notification, and you can start playing. You can play any casino game using DAI.
DAI Coin – Background Information on the Crypto-Based Stablecoin
The creators of the DAI coin describe the coin as the “first unbiased/unprejudiced currency,” by which they mean that their stablecoin takes a new approach: Although DAI is loosely pegged to the USD, the coin is not equated 1:1 with the USD.
In theory, the stability of DAI should be ensured by the following mechanisms:
- Collateralized Debt Positions (CDPs): Users generate DAI by depositing collateral such as Ether (ETH) into a smart contract. This collateral must be overcollateralized, usually with a collateralization ratio of e.g. 150%, to cushion price fluctuations.
- Liquidations and stability mechanism: The CDP collateral is sold to buy back the issued DAI. Users pay a stability fee to maintain the value of DAI. This fee is adjusted depending on the market situation.
- Governance and MKR-Token: Management of the DAI system by the decentralized community of MKR token holders (MakerDAO). They vote on changes to the smart contracts and other parameters. In cases of undercollateralization, MKR tokens are issued and sold to raise additional collateral and secure DAI.
The concept is interesting, but does not seem to be too successful. The coin developers' website is extremely outdated and the blog has not received a new entry since 2021.
Dai Casino Alternatives in Canada
Here, you will find concise information about alternative coins.
Coin | DAI Coin | Bitcoin | Ripple | Toncoin |
---|---|---|---|---|
Symbol | DAI | BTC | XRP | TON |
Coin type | Stable Coin | Alt Coin | Alt Coin | Alt Coin |
Speed | Medium | Slow | High | High |
Pros |
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Cons |
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Price | $1.00 | $94,963.00 | $2.18 | $5.39 |
24h % | 0.65 % | -1.88 % | -1.43 % | 1.97 % |
7d % | -0.10 % | -7.91 % | -8.59 % | -15.53 % |
30d % | -0.08 % | -4.40 % | 49.85 % | -1.64 % |
60d % | -0.05 % | 43.02 % | 316.88 % | 5.70 % |
1y % | 0.17 % | 117.04 % | 249.59 % | 138.52 % |
Official Links | Website | Website | Whitepaper | Source Code | Website | Website | Whitepaper | Source Code |
Socials | X | Reddit | X | Message Board | X | Reddit | X | Message Board |
Best Casino |
Go to casino (Bets.io)
Read our Review of Bets.io |
Go to casino (CoinKings)
Read our Review of CoinKings |
Go to casino (CoinKings)
Read our Review of CoinKings |
Go to casino (CoinKings)
Read our Review of CoinKings |
Conclusion of Our DAI Casino Experience
After thorough research, we came to a positive conclusion. The Dai payment method is already available at some excellent online casinos. We are sure that many other casinos – especially new crypto casinos – will also offer Dai in the future.
At the casinos, the deposit process and the withdrawal of winnings are quick and easy. Furthermore, paying with cryptocurrency is highly safe and more anonymous than with fiat currency. Speaking of security – thanks to the blockchain principle, you are safe! We can recommend playing with Dai Coin without hesitation.
All Tested Coins in Online Casinos
In addition to the previously mentioned cryptocurrencies, we have also tested additional coins for their use in online casinos. You can find a list of all tested coins here:
FAQ
Dai online casinos are trustworthy if they are officially licensed. For experts at Kryptocasinos.com, a valid gambling license is a minimum requirement when choosing appropriate casinos. We thoroughly test Dai casinos and share our experience with you.
Yes, when you play with Dai at the casino, you can do so via casino or web app. We test the mobile casinos in order to find the best providers.
Yes. You can also play in a special live area at a Dai online casino with professional and real dealers.
In our casino reviews, we check whether it’s allowed to play via VPN. You can play at BC.Games Casino, our current test winner, using a VPN connection.
Sources
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