Best Crypto Casinos That Accept Dash (2024)

Dash is one of the top 12 cryptocurrencies in the world today. Even though it started small and surrounded by a significant amount of politics, this crypto has a decent share of the market. As a result, it’s no surprise that it is accepted by many different online casinos.

In this article, we will look at the best online crypto casinos that support Dash. We will also dig into how this altcoin came to be, how it operates, and everything else that you should know about it.

History of Dash

Launched by Evan Duffield in 2014, Dash originally entered the market under the name Xcoin. It came into existence thanks to a fork in the Bitcoin blockchain. Soon, however, it was seen only as a weak altcoin that was mainly only good to buy and then almost immediately sell.

Due to this, the altcoin quickly rebranded to Darkcoin. However, this made things worse as the coin became synonymous with the dark web and was traced to many darknet markets. In 2015, the crypto again rebranded to become Dash as it is today.

How Dash Works

As mentioned above, Dash was created thanks to a fork in the Bitcoin blockchain. This means that much of the base protocol of Dash is similar to the original crypto giant. However, there are some ways in which Dash is distinctly different from BTC.

The first way is the speed at which Dash processes transactions when compared to Bitcoin. Unlike BTC, which only confirms new blocks to the blockchain every 10 minutes, Dash adds blocks to the blockchain every two and a half minutes.

The speed of new block creation means that transactions are verified in the Dash blockchain very quickly-especially compared to BTC.

The second and more distinctive difference between Dash and BTC is that this altcoin has a governance that oversees the cryptocurrency. This takes the form of a decentralized autonomous organization that anyone who owns more than 1,000 Dash can be part of.

Members of this organization are known as masternodes and help vote on the future development of the blockchain while also helping to validate transactions on the blockchain. This governance structure adds some stability to the crypto and ensures that everyone working on its development only does what’s been agreed upon by the Dash community.

Dash Fees

Because Dash confirms transactions on the blockchain so quickly, service fees are relatively low. However, these can increase (as they have once before) when there is more demand for transaction verification than miners and masternodes to process the transaction blocks.

At its highest peak, Dash service fees cost US $1.59. This occurred in 2018 and has yet to repeat. On average, however, the standard fee is incredibly low and is usually only between US $0.01 and US $0.02. This makes Dash one of the cheapest cryptos to transact with when depositing funds into your player account.

Dash Wallet Requirements

Like almost all other cryptocurrencies, Dash doesn’t require any specific wallet to store. Even though there is an official Dash wallet, you can use any wallet that supports this altcoin. As normal, however, there are some recommendations as to what type of wallet to use.

For the storage of large sums of Dash, paper wallets, hardware wallets, and cold storage are recommended. However, if you transact regularly-like depositing into your online casino account or withdrawing winnings-mobile wallets offer greater convenience with slightly less security.

Pros of Gambling With Dash

Dash offers several great benefits if you are thinking about using it at your favorite online crypto casino. These include:

Speed of Transactions

Considering Dash blocks are confirmed on the blockchain every two and a half minutes, transactions on the Dash network are invariably very quick. These speed up even more if you opt to send crypto using the InstantSend method.

As a result, you won’t have to wait long to begin playing with your deposit if your chosen casino doesn’t allow instant deposits.

Secure

Because this altcoin is both decentralized and has a form of governance that ensures everything is operated correctly, Dash is incredibly safe to use online. This means that you won’t have to worry about security whenever you complete a transaction to or from your player account.

Increasingly Accepted

Thanks to the spreading popularity of Dash as a cryptocurrency, there are more online casinos that are beginning to accept this altcoin as a form of payment. This means that you should have plenty of options when it comes to choosing a casino to try your luck at when using this altcoin.

Service Fees

The service fees for transacting with Dash are some of the cheapest offered by almost any cryptocurrency. This means that you won’t have to worry about watching how many transactions you make and how much they are costing you. Instead, you can focus simply on playing and winning.

Cons of Gambling With Dash

Like all good things in life, Dash’s great benefits are also accompanied by some negatives. Some of the biggest of these include:

Very Volatile

Since it was first launched and enjoyed its first surge in worth, this altcoin has lost value by up to 60.87%-moving from over US $1,000 in 2017 to just US $110 in 2022. This means that your money could be worth less as time comes on. Adversely, the coin could gain value and result in you gaining more than you expect.

Masternodes

While having a form of governance makes Dash more secure and unique, it also presents a disadvantage to potential players and investors. This is because all regulations and decisions regarding the cryptocurrency are formulated by masternodes.

This results in the fate of your money possibly being dependent on the decisions of other people from all around the world.

Strong Competition

Another downside of Dash is the many other altcoins that are available. Some of these are less volatile than Dash and are accepted more widely by online crypto casinos.

Dash vs. Other Altcoins Comparison

The table below shows exactly how Dash compares when compared to the original Bitcoin and some other popular altcoins:

Dash - Conclusion

Dash is an altcoin that came onto the market in a storm but has since appeared to settle. While some people may see this as a bad thing since it lost significant value, it may also mean that the coin will be much less volatile in the future than it has been in the past.

Should this be the case, then there may be no better time to take advantage of the many great perks the coin offers when gambling online. In fact, you may just be able to strike it rich for several reasons if you play using this popular altcoin.