Guide to Polkadot Casinos in the Philippines

Polkadot casinos will often have other, more mainstream crypto payment methods such as Bitcoin or Ethereum. So, why should you bet using the native Polkadot token, DOT?

Here’s a quick run-through of the advantages associated with Polkadot betting:

• Quick transfers. Polkadot can handle up to 1,000 transactions per second (TPS)

• Interoperability. Polkadot allows different chains to communicate via smart contracts.

• Cheap payments. You can deposit and withdraw DOT for a fraction of one DOT in fees.

• Unlimited resources. There’s no cap on how many DOT can be created, so it’ll always be available.

Polkadot and Interoperability

One major advantage of Polkadot betting is, as the crypto fans call it, interoperability. Polkadot can communicate between different networks using parachains. Without getting into anything too technical, it basically means that coins from different networks, like BTC and ETH, can interact with each other through smart contracts .

This is handy if you have future plans to cash out your Polkadot casino winnings and transfer to another token – or a bunch of other tokens.

It’s extremely safe to play at Polkadot casinos. In fact, the Polkadot network was created with safety as one of the highest priorities.

Instead of different chains and networks competing, Polkadot is able to use their collective security measures. You benefit from the safety protocols of all chains combined.

Earlier in this Polkadot casino guide we spoke about the interoperability of DOT, and that really helps with security. Instead of different chains and networks competing, Polkadot is able to use their collective security measures. You benefit from the safety protocols of all chains combined.

Another reason Polkadot casinos are a trustworthy choice is that they have provably fair games. These titles use blockchain technology to show you how each random outcome in the casino was generated. It’s something which the Polkadot gambling sites can’t control, which helps guarantee a fair game.

There are numerous benefits to betting at Polkadot casinos, but you want to make sure you’re using a wallet which you feel comfortable with. There’s a huge amount of variety with DOT wallets, and this can be impacted by your choice of browser, how you intend to store your coins and so on.

Luckily, creating an account for any digital wallet for Polkadot gambling is easy and only takes a few minutes. Here are some of the best Polkadot wallets:

• Talisman. One major advantage of using Talisman for Polkadot is the built-in staking option, making it a smart choice if you’re storing a lot of coins for a long time.

• Nova Wallet. Available on iOS and Android, Nova is another Polkadot wallet with daily staking. It has a modern interface which is quite user friendly.

• PolkaGate. Formerly known as Polkadot-JS, this wallet is built for Polkadot but has received criticism for not being user-intuitive.

• Coinbase. The app is incredibly easy to use and similar to most digital banking apps, though the fees can be a bit higher.

If you want to make a deposit with Polkadot and get set up at a crypto casino, you only have a few steps to follow.

The first thing you have to do, as discussed earlier in our Polkadot casinos review, is to create a wallet. Getting this right is important for all future payments, so make sure you choose one you like.

You’ll also need to get set up at a Polkadot casino. There are no extra roadblocks when playing at a crypto casino, and you should be able to create a new account in minutes, just like you would at a traditional online casino.

Here’s how you can deposit at a Polkadot casino:

1. Make a wallet. Select one of our recommended Polkadot wallets like Talisman or Nova Wallet and create a new wallet.

2. Deposit funds. Top up your account with USD, PHP or another fiat currency. You may have to do this at an exchange.

3. Swap for DOT. Exchange USD/PHP for DOT, which is the ticker for the Polkadot coin. A market order is usually fine.

4. Send it over. Find your wallet address in your casino account and make a transfer. Make sure every letter is correct.

Once you’ve successful made a deposit to a Polkadot casino, making a withdrawal will be a piece of cake. It’s essentially the same thing in reverse.

Polkadot uses a weight-based fee model which consists of a base fee, length fee and weight fee. If you want it done fast, you can add a kind of ‘tip’ to speed it along. Overall, the fees are very modest – often many fractions less than a single DOT.

When you’re ready to withdraw from a Polkadot casino, this is what you should do:

1. Log into the casino. Use your username and password to log into your casino account and go to the cashier.

2. Start the withdrawal. Select DOT, tap ‘Withdraw’, enter the amount, and carefully input your private wallet address.

3. Check your wallet. After a short wait, your DOT will land in your private wallet. Your balance updates in real time.

4. Convert your DOT. Now that it’s in your private wallet, you can exchange DOT for USD/PHP, or keep it as it is.

Polkadot casinos are hugely appealing for many reasons, but they’re not the only option if you’re looking to join a crypto betting site.

There are plenty of Ripple {XRP) casinos, ETH casinos, BTC casinos and so on. Each one has its pros and cons, and a lot of this will come down to your personal preference. Do you prefer fast payments, or safe ones? Are you looking for a quick cash out, or do you want to keep your crypto in your wallet for the long term?

Here’s a quick breakdown to help you decide if Polkadot gambling sites are the best choice for you.