Online gambling has since gone beyond using just traditional payment options and has embraced crypto. And why not?! Crypto is the future, and the benefits it proffers are much more, compared to regular payment methods. Due to this, more casinos are offering crypto payment options and one of the newer cryptocurrencies is Algorand. Want to know where you can play with Algo? Then check our list of recommended casinos and choose which one best suits you.
Algorand (with ALGO as its cryptocurrency) was created by Prof. Silvio Micali, a computer scientist in 2019. Algorand is an autonomous, decentralized blockchain network that was built to be scalable and secure. It is also the first blockchain in the world to be purely proof-of-stake (PoS). The currency, ALGO, stands out as a remarkable crypto token for its ability to process near-instant and on-chain transactions.
Algorand casinos are simply gambling platforms that accept ALGO. These casinos allow players to use Algo for withdrawals, deposits, and other monetary endeavors by integrating the Algorand blockchain payment and transaction processing system. Right now, there are very few crypto casinos that allow the use of ALGO.
Every game is available to you on any ALGO casino you choose. Your choice to play with Algo will not limit the number or types of games you can play at these casinos. Hence, you can play slot games as you would on any other site. You can also have a go at table games like roulette and try your hand at live dealer games. All of these games are available when you use any of the accepted cryptos in the casinos, so Algo is not an exception.
Like most cryptos, there are advantages to using ALGO at crypto casinos. Let’s look at these merits:
When you play with ALGO, you do not have to wait long before your payments are processed. The Algorand blockchain is made to process more than 1000 transactions per second and can complete a transaction in less than five seconds.
Transaction fees for most cryptocurrencies are constantly changing, so it can be difficult to know exactly what the transaction fee will be per time. However, the fees are usually in the range of 0.001 ALGO per transaction.
As we mentioned earlier, the Algorand blockchain was built for scalability. This allows it to process multiple transactions per second, unlike what is achievable with the Bitcoin blockchain.
As much as there are advantages to playing with ALGO, there are also some cons. Here are two of them:
Though Algorand is an amazing cryptocurrency, it is not as well-known as the likes of Ethereum and Bitcoin. This might limit its recognition amongst other players, which in turn may lead to a less vibrant gaming environment.
ALGO is already in a very saturated market, which makes it harder to thrive. Competing with cryptos like Bitcoin may be almost impossible since they have a wider head start.
When choosing an ALGO casino to play at, there are certain factors that you must consider. Let’s check them out.
We have picked some of our top ALGO casinos for a quick review. This way, we show you a sneak peek of what they offer so you can have a little idea of what to expect.
If you want to commence playing your favorite games using Algo, then it’s pretty simple. Let’s help you get started.
ALGO casinos have a lot to offer. You get an exciting opportunity to experience the many benefits of blockchain tech in online gambling. Even though ALGO is fairly new, you can be among those to partake in a more-than-average gaming experience when you use the currency for your gambling. Join the growing community of players and start playing at Algorand casinos for the best gambling experience!
No, not all crypto casinos accept ALGO.
Yes. Casinos that accept ALGO will allow you to play live dealer games.
Yes, you can. Using ALGO will not limit you from claiming bonuses.
Yes, it is, since security is one of Algorand’s trademarks.
Most ALGO casinos may charge a transaction fee of around 0.001 ALGO.