About DAI

After the great success of Tether on online casino sites, many of them started accepting other stablecoins. Options like DAI are nowadays perfect for both players and operators, as they provide a simpler way of tracking crypto bankrolls in USD.

Its value is pegged to the dollar, which means it's much easier to do the math without bothersome conversions. But, can it truly rival the likes of USDT? That's what we're here to find out in this guide as we evaluate DAI's accessibility, perks, limits, and more.

Top Reasons for Using DAI for Casino Payments

Using DAI comes with many benefits for players, starting with its security and processing speed. It's an option that's been on the rise on crypto casino sites, so here's an overview of its main pros and cons to help you decide on its worth:

• Easy bankroll tracking: Given that DAI is pegged to the value of USD, it is a perfect option for keeping track of your crypto gambling bankroll, which makes it convenient for responsible gambling.
• Extremely fast processing: Like other stablecoins, DAI is processed on crypto networks with extremely fast payment management. To be precise, it works with the Ethereum network or the Binance Smart Chain, so it's available at all crypto casinos offering those options.
• Low fees: Making DAI casino deposits and withdrawals comes with rather fair and low fees, especially compared to other cryptocurrencies.
• Higher privacy and anonymity: Ultimately, DAI provides a whole other layer of security. All of its transactions are written within the blockchain code, so it's nearly impossible for hackers to steal your personal or banking details. Furthermore, it gives you a chance to play completely anonymously.

How to Make DAI Casino Deposits

If you're a crypto holder, making DAI deposits and withdrawals will come naturally to you. If not, we'll share all the steps that you'll need to go through:

• Join a DAI casino: First, you should explore available DAI gambling sites and join one that accepts it as a payment method. Make sure to check eligibility for both deposits and withdrawals.
• Create a crypto wallet account: Moving on, you'll need to open a crypto wallet to store your DAI coins on. We'd recommend sticking with renowned options like Exodus or MetaMask for this reason.
• Visit the Cashier and scan the code: To make a DAI casino transaction, you'll need to visit the banking page, select it as a preferred method, and enter the deposit amount. From there, you should be able to authorize the payment by using your wallet's built-in QR code scanner.
• Verify the transaction: Finally, you can just authorize the payment from your casino account and check your wallet's balance for updates.

How to Claim Your Winnings

As much as DAI is beneficial for online casino deposits, it's even more useful for withdrawals, especially in terms of payout speed. Here's a quick guide on how to schedule payouts with it:

• Log in to your casino account and head over to the Cashier section
• Select DAI as your preferred payout option
• Enter the withdrawal amount
• Copy your wallet's code into the designated section of the site
• Confirm the transaction
• Check your wallet's status for updates or check the transaction status within your casino account's banking section

DAI Fees and Limits

Most players enjoy using DAI for its convenient fees and limits. While you pretty much won't need to worry in terms of the minimum/maximum deposit and withdrawal amounts, there are some slight fees you've got to be ready to pay. For instance, each transaction brings about a fee of around DAI 1.5. Converted to dollars, it's around 1.5 USD per transaction.

You should also be prepared to pay a slight gas fee for transferring your DAI coins from your wallet's balance to the casino account. Even so, it still makes a far better option in terms of payment speed and fees in general compared to old-fashioned wire transfers and credit cards.

Pros and Cons of Using DAI for Casino Payments

Before you decide on which payment option to use for deposits and withdrawals, you should consider all the facts. To help you compare all of its positive and negative aspects, we've created the list below:

Pros:

• Nearly instant payment processing
• Value of 1 DAI close to 1 USD
• Fairly low fees for casino transactions
• Completely anonymous gaming
• Flexible limits suitable for both low-rollers and high-stakes players

Cons:

• Limited availability on online casino sites
• Gas fees for crypto wallet transactions

Final Thoughts and DAI Alternatives

Overall, DAI is a great option for players looking for fast and reliable payments. It's perfect for every crypto gambling enthusiast, offering immense payment processing speed and very low fees. Still, it's not the absolute best stablecoin you can use for casino payments, so here are some worthy alternatives:

• USD Coin
• USDT
• Ethena USDe
• PayPal USD

Naturally, you can still get nearly the same benefits using DAI, as it is the nuances that separate those coins. Perhaps the biggest problem is the lack of crypto casinos accepting it. However, as the crypto gaming sphere progresses, we're confident it will become available on more and more sites.