Polkadot Casinos 2024

Peter Schmidt

11 min read

Polkadot Facts
Creator:	Gavin James Wood
Initial Coin Offering (ICO):	2017
Launch:	2020
Abbreviation:	DOT
Development:	Web 3.0 Foundation
based in:	Zug (Switzerland)
Website:	polkadot.network
E-Mail:	[email protected]
Best DOT Casino:	Cloudbet

When it comes to cryptocurrencies, it can be hard to keep track if you're not heavily vested in the market. After all, new ones are being released pretty much every day.

Yet with so much buzz around the matter, it can be well worthwhile to keep an eye on the different coins around. This is true for investment purposes as much as casino gambling.

As such, we see it as our duty to help our readers better understand their options - particularly when it comes to some of the lesser known cryptos, like Polkadot.

While we have no doubt that you have heard of Bitcoin, and likely Ethereum, Litecoin, and even Tether too, Polkadot (or DOT for short) is not necessarily a digital coin you have come across. And fair enough. It has only been on the market since 2020. Although it has gained much praise and interest since then, it rarely breaks the top 10 crypto ranking lists. On the other hand, few think it will fail, like thousands of digital coins before.

Regardless, as the brainchild of none other than, Gavin Wood, the man behind Ethereum and Kusama, it has gotten a fair bit of attention, including ours - which is why we have chosen it as the subject of this crypto casino review.

Visit Polkadot Casino Cloudbet

Contents

Best Polkadot Casinos 2024

If you have yet to come across a Polkadot casino, rest assured, you are not alone. Unfortunately, neither have we. There are simply very few around. So despite our scouring of the internet and turning to all our preferred sources, the selection our expert review team was able to conjure up was admittedly small.

That being said, after careful vetting, these few are all top of the line, and any one of them would make for an excellent choice for your crypto gambling needs in terms of safety as much as fun. And since DOT is only on the rise, we expect this list will continue to grow, so stay tuned for additional sites and recommendations.

All casinos are fully licensed 🔒 Recommended by experts ✅

1.		95% Excellent	5 BTC / $1,000 + 200 Free Spins	visit Cloudbet CasinoRead Review
2.		94% Outstanding	Virtually unlimited	visit BC.Game CasinoRead Review
3.		94% Outstanding	$1,000+ 150 Free Spins	visit Bizzo CasinoRead Review
4.		93% Outstanding	$300	visit 22BetRead Review
5.		93% Outstanding	$500+ 100 Free Spins	visit National CasinoRead Review
6.		92% Outstanding	$180+ 120 Free Spins	visit 20Bet CasinoRead Review

MoreLess

⏱The brands and bonuses above were last updated on 7. June, 2023. We test and check casinos regularly to provide up-to-date information. However, there may still be instances where there may be differences between a casino's newest offering and the listing on this site.

What Is Polkadot Anyhow? A Short History Behind the Crypto Coin

This one's a little complicated, but here we go. Polkadot is a platform and cryptocurrency for Web 3.0. Its protocol was created by Gavin Wood¹, Ethereum's co-founder. In its initial coin offering (ICO) in 2017, it already raised more than $144.3 million, likely inspired by Wood's reputation. Its actual block release came a bit later in May 2020.

As the flagship project of an organisation calling itself the Web3.0 Foundation based in Switzerland, it partners with developers from Parity Technologies, ChainSafe Systems, Soramitsu, Inria Paris, ETH Zurich, and more, with a strong goal in mind. According to the mission of its founders:

Polkadot does not have a market cap per se. Rather, it is an inflationary cryptocurrency, meant to rise by 10% each year. This model is intended to incentivise people to spend or stake their coins rather than hold them, to prevent loss in their value as the number of coins goes up. There are now more than 1 billion DOT coins in circulation, with the number growing.

MoreLess

Also known by its trading initials DOT, this token is more than a new digital payment method. It is designed as an extensive network that enables communication between different blockchains - even if they actually act independently of each other. The connection between such networks is referred to in technical jargon as parachains.

The advantage for other blockchains is that they can benefit from the security of what is called the Polkadot Mainchain (main chain) and can save their own connections, the provisioning of which would require a high level of technological effort. This makes the network not only interesting for investors and casino players, but ultimately also for all known blockchains - from Ethereum to Bitcoin.

Described by experts as a new generation blockchain protocol, what Polkadot really is about is interoperability, transactional scalability, easy blockchain innovation, security, user-driven governance, and of course, energy efficiency. Far less energy is required for mining DOT than other cryptocurrencies, .

©gavwood.com | Programmer Gavin James Wood, best known as a co-founder of Ethereum, is the brains behind Polkadot.

To those of who are interested in it for crypto gambling purposes, this can all read as fairly complex. It may even seem complicated for the many who see DOT as a sensible and lucrative investment.

However, despite all the complexity and fancy terminology, you don't need to master the technology or driving principles behind it in order to use DOT. It is just as easy for players to handle as Bitcoin, Litecoin, or Ethereum. And for gambling purposes, that is really more or less all we need to know.

What Are the Options for Playing with DOT in Crypto Casinos?

Like we said, most operators don't offer Polkadot as a payment method for now. But at least in professional circles, it is assumed that DOT as a cryptocurrency has enormous potential - especially since Polkadot is pursuing new goals and thus accepting the challenge of making payments safer on the internet, and ultimately banking at crypto casinos.

With all the positive properties of the Polkadot token, one should not ignore the fact that volatility in the crypto market is extremely high, and the competition is huge. This has an impact on investment purposes. But it also affects availability, as casino operators keep up with the trends, adding cryptocurrencies as they gain in popularity. This means we are seeing smaller coins making an entrance to casino cashiers, expanding your options well beyond the traditional Bitcoin gambling genre, with hopefully more Polkadot casinos on the horizon.

In terms of investment purposes, the decisive factor to the success of DOT is whether the interest in networking from other blockchains will be as great as the founders hoped. Unfortunately, these factors cannot be predicted, so we can only wait and see how Polkadot develops.

Buying Polkadot - A Few Prime Options

As for acquiring DOT, there are two main options. One is to participate in the mining process on the blockchain network. Although this may be simpler and less costly than mining Bitcoin, we are guessing it's not what most of our readers are planning. So in that case, you can easily buy Polkadot coins via one of the crypto exchanges. The following, from our experience, are all good options:

• Binance
• Coinbase
• Exodus
• Bitpanda

Remember, unlike USD Coin or Tether, Polkadot is not a stablecoin. That means its price will fluctuate. It hasn't been as wild in the way that Bitcoin has, but if you are getting in on the game then you want to watch the charts. Aim to buy on a low swing - that is, when you see the price drop.

This graph shows the fluctuations of the DOT digital coin to the US dollar over the last year.

If you already have a crypto exchange platform you like then you are good to go. However, if you are a newbie, we recommend doing a little research before deciding which one you're going to use. The things you should be looking for when making your choice will ultimately be things like transaction fees, speediness of transfers, and other functions and conditions such as limits on how much you can trade at a time.

Once you have made your decision, the signup process will generally be easy and look something like this:

1. Create an account by filling out the registration form with your correct personal data.
2. Confirm the information you have provided is correct.
3. Make a deposit - usually most fiat currencies like USD, EUR, CAD, and more will be accepted.
4. Purchase the number of DOT coins you want.

The transfer usually takes no more than a few minutes, and then you will be the owner of DOT coins.

Note: In addition to making a purchase with a common fiat like USD, crypto exchanges will let you use any other cryptocurrency that you already have to buy DOT.

How to Bank at An Online Casino Using Polkadot as Your Currency of Choice

Now that we know where to get DOT, the question is how to use it at the casino. This is simple. If you have ever gambled online before, it's exactly as you are used to. To make a deposit with your preferred casino provider, as with all currencies and payment methods, you just need to complete a few intuitive steps.

1. Select a DOT casino and register an account - it should take no more than a couple of minutes, with minimal personal data required.
2. Go to the casino's cashier service - usually marked by a button or icon labelled 'Deposit', 'Wallet', or 'Cashier'.
3. Select Polkadot as a payment method from the icons or dropdown list you will see onscreen.
4. Copy the one-time deposit address or scan the QR code that you see onscreen using your mobile phone.
5. If you chose the copy address option, then enter the address in your own crypto wallet.
6. Specify the amount in DOT of how much you want to transfer.
7. Click to complete the transfer.

Tip: While it is more convenient to work with your own crypto wallet, if you don't yet have one and are not interested in going that route, many crypto casinos will offer a link direct from their cashier to a third-party service like MoonPay, through which you can buy crypto coins.

Technically, the Polkadot network can process over 1,000 transactions per second, which means it is one of the fastest around. It does require blockchain confirmations to clear a transfer though, which can slow things down a bit. In general, however, you can expect to see your money deposited in your casino account within a couple of minutes.

If you want to add an additional layer of security to your transaction, we recommend activating 2-factor authentication (also known as 2FA) when available. More and more crypto casinos are offering this tool to ensure both your personal data and payments are protected in the best possible way, which is always a good thing.

If you are wondering about withdrawals, they are processed in the same simple way, just in reverse. That is, you will be clicking on the 'Withdraw' tab or link in your casino wallet, then cashing out from there in the same quick and safe way.

Pros and Cons of Polkadot Gambling

As with any currency there are always considerations to keep in mind - that is the pros and cons of banking with it for casino gambling purposes.

1. What advantages does Polkadot offer as a payment method at an online casino?
2. What are the disadvantages of using Polkadot as a payment method at an online casino?

What advantages does Polkadot offer as a payment method at an online casino?

Since there are not many crypto casinos that accept Polkadot as a payment method for now, it is exciting to find one. Especially since this is seen as a digital coin with a bright future. But like we have said in past reviews, giving investment advice is beyond the scope of our expertise, as much as we think this may be a good option to consider adding to a well-rounded portfolio.

That being said, the advantages that DOT has as a whole for investment purposes are what makes it a good option for using as a currency for online gambling.

Polkadot Coin advantages at a glance:

• Complete interoperability for coin transfers and any assets or data types across a wide range of blockchain networks
• Extremely fast transactions
• High liquidity thanks to proof-of-stake
• Particularly safe and reliable

Keep in mind, Polkadot coins can in theory be generated in unlimited amounts over time, making DOT an inflationary currency. So the probability of a gigantic price fluctuation common with Bitcoin is very unlikely to happen. This can be a good or a bad thing, depending on why you are buying it. For casino purposes, however, we'd say it's a good thing as it helps you keep better track of your gambling budget.

Video: About Polkadot and its advantages

What are the disadvantages of using Polkadot as a payment method at an online casino?

As for disadvantages, the biggest one is the lack of Polkadot casinos as a whole. Unfortunately, despite this crypto's rising star status, it is not common to come across an operator offering it as a payment option.

Then there is the issue of the fluctuating exchange rate. Even when a casino accepts DOT, if you've purchased it as an investment, it could potentially be tied up in your casino account when the price goes up and you're in for a market killing. Though of course, you could easily quickly cash out and make your profit in time. And in any event, this is pretty unlikely with DOT as we already highlighted in the advantages section above, since this crypto doesn't tend to have massive fluctuations like BTC.

Polkadot Coin disadvantages at a glance:

• Only available as a banking option in a few crypto casinos
• Strong competition on the market, even in the multi-network space
• Inflationary, since no DOT limit was set – though some see this as an advantage.

Unique Aspects of Polkadot in Comparison to Other Popular Cryptocurrencies

The most obvious difference between Polkadot and other cryptos is the fact that transactions between Polkadot and alternative blockchains is easier than ever. However, this feature has no particular impact on crypto gaming and is more for investing and trading.

The other standout feature is the high level of network security, with what is called the multichain model, which is a big plus for online gambling. Because extra security is always a good thing when we are talking about real money play.

For those who mine, or simply prefer to be involved in a greener affair², they also like the fact that Polkadot's next-generation nominated proof-of-stake (NPoS) model uses a fraction of the energy of conventional blockchains.

And for those really into the world of crypto, they appreciate the user-driven governance system which gives all stakeholders a voice in things like network upgrades, ensuring the coin remains community-driven as per its intent, as well as future-proof.

Plus, you can even build a custom blockchain in a matter of minutes with what is called its Substrate framework, though again this is going to be beyond most of our needs.

MoreLess

Some also like how there is no limit on this coin, like there are on other cryptos, and no cap on DOT purchases and trades.

Its trading price is also fairly stable, even if it fluctuates. Though not technically a stablecoin, this can make it a more secure acquisition, depending on why you're buying.

Then there is the element of its purchasing price. For example, you may not have the budget to buy Bitcoin, but the price of DOT is well within reason. This makes it a good option for those with less capital who want to build a crypto portfolio. However, it is not alone on that front, as many other cryptocurrencies can be purchased in the $5-$10 range, or even less with coins like Tether.

In other words, DOT is unique in numerous ways, though with so many other coins on the market, there is a lot of overlap. Only time will tell how successful it will be in the long-term.

How Safe Is It to Play at a Polkadot Casino?

Unlike Bitcoin, DOT tokens cannot yet be used everywhere as a means of payment. The big challenge is therefore to first find a crypto casino that accepts Polkadot. Once you have done that important first step, you have basically overcome the most significant hurdle, as playing with DOT coins is just as easy and secure as with all other cryptocurrencies that can be used in casinos today.

To be on the safe side, we recommend that you always double check that the casino you join is fully licensed by one of the major gaming authorities. All online casinos must hold a gambling license to legally process payments and use the games of the various software providers. And for crypto gambling this is no exception. It is not just about their operating legally. At the end of the day, it is about protecting yourself as a player.

Similarly, fair play is at the heart of good gambling. Check things like the site's Terms & Conditions and FAQ page to make sure all game results are fair, either through a Random Number Generator (RNG) or Provably Fair algorithm.

Likewise, make sure to inquire into deposit and withdrawal timeframes, since the last thing you want to do is wait around for your money. And things like an explicit privacy policy can't hurt when you are talking about your sensitive personal and banking data.

Safety is also always going to be at least partially your own responsibility. But it always helps if the casino has an explicit safe gambling policy, with tools and links to help you stay in control of your budget and time.

Payment Limits at Polkadot Crypto Casinos

There are many advantages to cryptocurrencies, including their decentralized nature, privacy, security, and of course, the ease in which transfers can be made.

These benefits make for a good match with online casinos. But another huge advantage is the fact that many crypto casinos do not set limits on crypto deposits or withdrawals. If that is the case, then the limitless banking will be relevant for DOT deposits and withdrawals as well. Which is huge, especially for high rollers who will be able to deposit as much as they want in one go, so they have a big bankroll ready and waiting.

Example of a no limit casino – we checked with the customer support agent!

On the withdrawal end, this is even better news, as you can cash out in full at any time, without having to worry about max limits, and a multitude of smaller withdrawals to accommodate them.

That being said, some crypto casinos do have limits. So again, it is always worth checking the site's Terms & Conditions or asking a casino's customer support agent via live chat, just to be sure. Or look in the casino cashier itself, as most crypto casinos are very clear in their cashier services, listing exact deposit and withdrawal limits, with the maximum and minimum allowed for each coin, should limits exist.

This level of transparency is refreshing and often also includes info on any transaction fees you should anticipate, and even blockchain confirmations required for the cryptocurrency that you are using.

Game Selection Available for Gambling with Polkadot Online

Needless to say, all games found at an online casino that accepts DOT for banking purposes will be open to you for betting with this coin. There would be absolutely no point in finding a Polkadot casino if there are no games you can play. Or if your gaming options would somehow be limited based on your currency choice.

As an example, some of the game categories available at Polkadot casinos include:

Online slot machines	Original crypto games	Arcade games
Roulette	Blackjack	Live casino games
Jackpot games	Scratch card games

In other words, all of the game categories you are familiar with from other online casinos, with titles from all the well-known developers out there can be played with DOT. The only difference is going to be the currency you are using. Otherwise, the gambling experience is going to be the exact same.

Tips and Tricks for Gambling Online with Polkadot

We know that our readers really like tips and tricks. This is one of the top reasons they turn to our casino experts. We are dedicated to helping you out to this end, though the reality is there are very few specific tips for Polkadot betting that we can give. That is because at the end of the day, a currency is a currency. If an online casino accepts a given currency, the experience is uniform, and you will not need any tips or tricks to get the most out of betting with it.

So the advice we can give to this end is what we would usually say. And that is, make sure to choose wisely. Take care to choose a casino that is both versatile and reputable. If bonus offers are important, check if they are available, as well as the terms. Also, you'll want to ensure that the operator is licensed and that the games provided are from developers you like, or at least look interesting to you.

On the crypto end of things, you want to check the transaction fees so you can better gage how much and how often you would like to deposit and withdraw. For example, if it is a flat fee charged by your exchange platform, you would be better off with fewer transactions of larger amounts. If it is a percentage fee, then that doesn't really matter.

In addition, since the value of DOT can fluctuate, keep an eye on the exchange rate so you don't miss out on a potentially lucrative trade while your coins are in the casino. This is a lesser worry with DOT than with something like ETH or BTC, which can have wild shifts even within the same day. But still, it's something you should consider.

To summarise, some useful tips for DOT casinos:

• Check the casino's license and security measures
• Compare costs on crypto exchanges - especially for things like network transaction fees
• Keep an eye on the exchange rate to keep track of your money's value
• Clearly define limits for losses and bets so you don't spend more than you can afford

Another thing: If you find a casino that you like but are not ready to commit, most operators will let you try their games for free. Sometimes you will have to first register a casino account, but often not even that. This is a great way to get started risk-free, before you deposit and move on to the distinct thrill of real money gambling.

Some Popular Alternative Crypto Coins You May Choose for Gambling

Because there are few operators that accommodate DOT payments, it makes sense to know your alternatives. While there are over 20,000 (!) cryptocurrencies now in circulation by some estimations, not all of them were created equally. Not in terms of their investment value, nor in their ubiquity for casino gambling.

If you want something for online play, your best bet is therefore to choose the more popular coins on the market, such as the following.

• Bitcoin
• Ethereum
• Litecoin
• Dogecoin
• Bitcoin Cash
• Ripple
• Tether
• USD Coin
• Tron

You can also go the reverse route. First find a casino you like, then check its cashier to see which coins it accepts, and then purchase in kind.

Polkadot FAQs

Beyond what we have already written in this Polkadot review, there are a number of common questions that we have encountered from readers. Have a look through to close any gaps you may still have in your Polkadot know-how.

1. Are Polkadot casinos a good alternative to BTC providers?
2. How much does it cost to deposit and withdraw using Polkadot?
3. How long will a Polkadot deposit or withdrawal take?
4. Can I get a special Polkadot casino bonus?
5. How and where can I buy Polkadot?
6. What is the Polkadot forecast?

1.) Are Polkadot casinos a good alternative to BTC providers?

At first glance, when it comes to online gambling, you would be right to assume that Polkadot makes less sense for casino customers than better known cryptocurrencies. Things like Bitcoin are now even accepted at many online casinos that do not even specialise in crypto payments.

So in terms of availability, DOT cannot yet keep up with Bitcoin or Ethereum for casino gambling. In terms of security and functionality, however, the token is in no way inferior to its competitors.

As its international reputation and market capitalisation grow, we are hoping that acceptance in the iGaming industry will grow in kind. And when it does, this crypto will 100% be a good alternative in our books.

2.) How much does it cost to deposit and withdraw using Polkadot?

There are network fees for DOT transactions, just like with all other cryptocurrencies. There is no getting around this. But these fees are comparatively low. That being said, there can be differences as to the exact rate, depending on the exchange platform that you are using, so you should check that out when choosing one. In fact, comparing network fees is probably the biggest factor in making that choice.

The casino itself will rarely charge further deposit or withdrawal fees, so there will not be any additional costs on that end. But again, always double check to make sure on the site's T&C, so as not to encounter any nasty surprises.

3.) How long will a Polkadot deposit or withdrawal take?

Part of a pleasant online gambling experience, and one of the biggest benefits of crypto banking is undoubtedly speed. You want to be able to quickly fund your casino account and cash out in full, without waiting around. This is exactly what crypto gambling facilitates, and DOT gambling is no exception.

In other words, you will be able to pay in and cash out from the casino instantly. Once you make a deposit it will be no more than a couple of minutes until you see your money in your casino account. Similarly, when you cash out, you should see your money back in your digital wallet within a matter of minutes. This is a huge advantage over traditional withdrawal methods that can have processing times of three, or even seven days.

4.) Can I get a special Polkadot casino bonus?

With so few Polkadot casinos around, it is not surprising that we have yet to find any special DOT bonuses around.

But if the casino does accept it as a payment method, any bonuses it offers will probably also be relevant here. However, we strongly advise that you read the bonus terms and conditions to make sure.

Similarly, most crypto casinos these days have some sort of VIP or loyalty program. And if such a casino accepts DOT deposits, then most likely it will also count such bets towards your VIP ranking and rewards.

Cloudbet Loyalty Club: All currencies are eligibleMoreLess

Join the Cloudbet Loyalty Club!

5.) How and where can I buy Polkadot?

Like we mentioned above, you can technically mine Polkadot by allotting computer power to the network. This would make it more or less free beyond the energy expenses, which are relatively low for this particular coin.

More likely, however, you will do it the "old-fashioned" way and buy it on one of the crypto exchanges like Coinbase, Binance, or Bitpanda, and then manage your coins from the integrated wallet there.

Many casino operators make things even smoother for those making a last minute decision, allowing you to purchase crypto through an external service provider like MoonPay or Banxa, direct from the casino cashier.

6.) What is the Polkadot forecast?

The forecast for any currency, be it Bitcoin or US dollars, is the million dollar question. If any of us actually knew the answer, we would undoubtedly be rich. But the reality is that not even the most seasoned traders are able to accurately predict where the market will go. And these days, with inflation and a wild stock market, it is even harder to guess. There are ups and downs seemingly coming out of nowhere on any given day, and fluctuations easily reaching even double digits within those times.

As such, we cannot forecast Polkadot's value, nor determine its trading potential, though it does seem to be relatively steady, and increasingly popular over time.

Our Expert Opinion on Polkadot Casinos

Although Polkadot is still relatively unknown in the iGaming industry, the high security standards and the innovative concept behind the protocol speak for themselves, with the Polkadot platform supplying smart solutions for the existing blockchain world.

As such, even if no clear forecast can be made as to where its place on the market is going, or its ultimate value, it is quite conceivable that this digital coin will continue to grow in popularity across many areas and industries.

Should that happen, we would imagine the iGaming industry will quickly pick up on the trend, with more operators offering it as a payment option to accommodate player preferences.

Since this will undoubtedly be an exciting development, as we are fans of this coin and its usefulness in online gambling, we will continue to keep an eye on DOT and inform you directly here. So stay tuned and let's keep our fingers crossed that more Polkadot casinos are coming soon.

Visit Cloudbet

References:

[1] https://polkadot.network/PolkaDotPaper.pdf
[2] https://www.bloomberg.com/news/articles/2022-02-02/polkadot-has-smallest-carbon-footprint-crypto-researcher-says

Polkadot was tested and reviewed by Peter Schmidt

I'll admit that I'm a bit of an old hand when it comes to online casinos. I've seen so much of the business that it's practically unmatched. After working with offline casinos for more than two decades, I moved into the online casino industry looking for a new challenge. Distinguishing a good casino from a bad one is an art, and I am happy to apply my expertise to check and test casino sites to deliver expert casino analyses.