Cryptocurrency is more than just a payment method. It is also a currency in the same sense as the dollar, the euro, the pound, etc. The biggest difference between the two, however, is that cryptocurrency exists only in digital form. This is why they are called decentralized currencies. This and many other advantages have influenced this payment method to become extremely common and used everywhere today, including online casinos. Among the variety of cryptocurrencies, a special place takes a coin Dai (DAI), which today will be discussed.
Dai is a decentralized crypto-secured stablecoin with a value roughly equal to the U.S. dollar. Unlike USDT and other stackable coins, which are backed by fiat currency, DAI is backed by crypto-assets. These can be Ethereum coins or any tokens on its blockchain (WBTC, LINK, MANA, etc.). All Dai that is in circulation is redundantly collateralized, and all Dai transactions are publicly viewable on the Ethereum blockchain.
The history of DAI began in 2014 when Rune Christensen, a Dane, founded the Maker Foundation. Later, the company created the Maker Protocol. The goal of the project is to run a credit system that allows you to borrow against the collateral of cryptocurrency.
More and more gambling establishments are allowing players to deposit in cryptocurrencies. Dai (DAI), Bitcoin, Ripple, Tether, and other cryptocurrencies are being accepted by more online gambling houses. Casinos with dedicated slot machines for Dai (DAI) are also being established, where you can «mine» cryptocurrencies yourself and earn extra cash. Dai Coin (DAI) is one of the attractive cryptocurrencies in online casinos, which is great for making payments in gambling establishments, providing anonymity, fast transactions, and no commissions.
Every gambler is advised not to use the list of the best gambling platforms with payment in Dai (DAI), but to look for a reliable gambling tycoon on their own. However, there remains the question of security and mental comfort when registering with a new gambling establishment – whether you will be cheated, whether you will be able to withdraw your winnings, and what will happen to your personal information. So how do you tell the difference between a good legitimate casino and one where it‘s better not to make a deposit?
A good online pay-to-play (DAI) casino should provide you with some sort of incentive gift when you make a deposit. Most gambling platforms offer solid bonuses in the form of free spins or cash to all new players who make their first, second, and subsequent deposits. Other bonuses that can be found at online casinos include a no-deposit bonus, cashback, or deposit bonus. It is important to pay attention to the terms and conditions and the requirements specified for the bonus.