Every online gambler knows that cryptocurrency is the best Philippines friendly sports betting deposit method at any reputable Philippines gambling site, but for the most part, support of crypto coins is limited to the old classics. These include Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.
While a few sites have started to branch out, Philippines Cardano sports betting is offered only by a few major operators right now.
Indeed, the best online PH sports betting sites keep their options fairly scant. That said, two major Philippine online sportsbooks are starting to accept a larger menu of crypto selections, including the hottest current coin, Cardano (ADA). To learn more about betting on sports online with ADA, our brief guide explains the crypto coin, its benefits, where to buy it, and how to use it for efficient Internet bet funding.
Best Cardano Sportsbooks For Filipino Gamblers
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What is Cardano?
Cardano (ticker symbol ADA) is a third-generation decentralized proof-of-stake (PoS) cryptocurrency, first launched in 2017. Developed by one of the cofounders of Ethereum, Cardano seeks to solve many of the speed, scaling, and centralization issues that plague most older crypto coins.
While assets like Bitcoin and Ethereum are similarly quantum-hacking-resistant, they’re comparatively expensive, slow, and difficult to mine. Cardano works differently, allowing ADA holders to delegate their coins to Cardano stake pools and earn passive rewards (i.e. free ADA!) while still maintaining full use and custody of their assets.
ADA is currently the fifth most traded cryptocurrency in the world, and the Cardano price is hovering in the $1.20-$1.60 range as of Q2 2021. Of course, by the time you read this, ADA prices could be twice as high, three times as high, or even 10 times as high! For Filipino bettors, this means if you gamble with Cardano and get paid out via the same, your winnings will be that much better in the long run.
How To Bet Sports Online With Cardano In The Philippines
It’s extremely easy to get started gambling with Cardano (or any other cryptocurrency), but there are a few minor barriers to entry. The first is that those who don’t already use crypto tend to get caught up in the minutiae about how crypto works, whether or not it’s “real” money, etc.
The technical aspects can be daunting, and if you wait until you have a pro-level understanding of the market, it’s going to be too late to get in for maximum gains. Our advice: Just buy what you can, use it, and learn as you go. You don’t need to know how ADA works to use it for online trading, investing, and betting. It’s enough to know that ADA simply works for all of the above.
The second issue is that many Philippines gamblers need to know how to buy Cardano before they can use it. It’s not quite as easy as using a credit card or debit card, but it’s not too difficult, either. To help you get started, the entire process is outlined in the next section.
Cardano Online Sports Betting Deposits
Online crypto deposits are very fast, though transfer times can vary based on the coin you use. Bitcoin (BTC) is the slowest option, as transactions take 30-60 minutes given the complexity of the blockchain. The same is true for Ethereum (ETH) betting transfers.
Altcoins like Ripple and Stellar are faster, and even things like Bitcoin Cash and Chainlink clear in just a few minutes. However, Cardano transfer times are among the best in the business, and they’re also the cheapest.
Remember, all cryptos have built-in blockchain fees, but the best PH sports betting sites never add fees to crypto coin deposits. To save more – and bet more – ADA is one of the best options around.
- Sign up at any Philippines crypto exchange (Binance, Bittrex, Coinbase, etc.) and submit all necessary personal documentation. These sites are safe and regulated, so your data is secure.
- Deposit PHP, USD, etc. into your exchange account, and then trade that fiat money for Cardano ADA. This process can take several days, so please be sure to plan accordingly. Once you buy ADA, you can transfer it to an ADA wallet, keep it in the Cardano wallet at your exchange, etc.
- Follow any link here to a legitimate online Philippines sportsbook that supports Cardano deposits and withdrawals. Our favorite operator is 22bet Sportsbook, which accepts ADA and nearly 30 other cryptocurrency bet funding options.
- During the sign-up process, select the Cardano banking option, and copy down your sportsbook’s ADA sending address.
- In your ADA wallet, select the “Send” option and paste the above address into the requisite field. Select the Cardano amount you wish to send, and submit the ticket.
- Your deposit should be credited within just 3-5 minutes, and you’ll be ready to bet real money on sports online!
With crypto deposits, you can make rapid deposits so you can bet sports immediately. For online Philippine sports gambling, it’s important that you can get your crypto sent over ASAP, because many of the most valuable betting lines are only up for a few minutes before adjusting. This is especially true when it comes to online live betting.
In general, NBA odds, PBA odds, volleyball odds, boxing odds, NFL odds, eSports odds, and other popular markets see their lines shift constantly, both before and during games. To lock in the best values for your bets, you’ve got to have money ready to go in your account.
Cardano Online Sports Betting Payouts
Payouts tend to take longer when you’re gambling with legal offshore sportsbooks in the Philippines, simply because most of the common transfer types aren’t supported when receiving your winnings from these vendors.
Most methods – like bank wires, courier checks, and money orders – have significant lead times, and it often takes 5-7 days to get your money in-hand. However, with crypto, you can actually claim same-day payouts with the added benefit that these withdrawals come with zero added fees of any kind.
You can literally keep more of what you win when you gamble with crypto, and Cardano gambling allows you to keep the most out of all competing options. Because of the platform’s efficiency, ADA blockchain fees are minimal, and you can claim ADA payouts this way:
- Visit your site’s Cashier page and select the Cardano payout option.
- In your Cardano exchange wallet or private wallet, select the “Receive” option and copy down your wallet’s unique ADA receiving address.
- Back at your PH online sports betting site, paste the above Cardano address into the appropriate field, and enter in the amount of money you wish to claim.
- Submit the ticket, and you’ll see your winnings deposited into your crypto wallet within 5-10 minutes of your request being processed. The best ADA betting sites automatically process payout requests instantly, so you should be good to go in under half an hour.
That’s really all there is to it. Just remember to time your deposits and your withdrawals with the market. Check Cardano price analysis reports, buy in when the coin is trading low, and deposit it at this time.
After you win, if the ADA price is higher than it was, wait a bit for a dip, and then withdraw your winnings. This allows you to claim more ADA for every win, which will translate into big bucks later on down the road as the Cardano value goes up.
Cardano Online Sports Betting Bonuses And Promotions
As with all cryptocurrencies, Philippines punters can usually claim enhanced bonuses when depositing with ADA. While the standard sports betting bonuses at the best sites are already attractive and come with low rollovers, crypto bonuses can boost your bankroll by 200%, 300%, or more.
Best of all, the low rollover requirements stay the same, which means you can more easily meet the online betting promo terms and conditions. Bonuses are the best way to earn free ADA outside of Cardano stake pool delegation, though when you win, you can easily delegate your ADA and increase your winnings by that much more.
Typically, you can expect these kinds of online sports betting perks at the top Philippines sportsbook sites:
- Sports Betting Sign Up Bonus
- Sports Betting Crypto Sign Up Bonus
- Sports Betting Reload Bonus
- Sports Betting Crypto Reload Bonus
- Refer-A-Friend Bonus
- Refer-A-Friend Crypto Bonus
- Mobile Betting Bonus
- Risk-Free Bet Bonus
- No-Deposit Sports Betting Bonus
- Seasonal Event Sports Betting Bonus
Not every site offers the same bonuses for the same amounts, which means it’s a good idea to try several different Cardano sportsbooks to see which ones have the best promotional offers for your frequency and style of play. It’s also smart to shop lines across multiple sites in general.
Additionally, it should be noted that some sportsbooks actually don’t offer bonuses for crypto deposits at all. While these are few and far between, our current favorite Cardano ADA betting site – 22bet – specifically limits bonuses to traditional funding options, excluding crypto banking promos entirely.
We expect this change in the near future, but for now, it’s something that all Filipino betting fans should keep in mind.
Cardano Sports Betting FAQs
Is Cardano safe to use for betting on sports in the Philippines?
Yes! Cardano is 100% legal to use in the Philippines, as are all cryptocurrencies. As long as the activity you’re funding with crypto is legal – like online sports betting at legitimate offshore operators authorized to host PH players at 18 and up – you have absolutely nothing to worry about.
That said, it’s important to keep your crypto activities and accounts private and store all passwords in a safe place. But as long as you stick with these basic best practices, crypto is the safest way to bet online.
Where can I buy Cardano in the Philippines?
You have numerous options for buying ADA cryptocurrency in the Philippines. The easiest and most straightforward option – which we definitely recommend – is to purchase ADA from a reputable online exchange.
These include the following, all of which accept residents of the Philippines:
- + More!
If you’re wondering about how to mine Cardano, you can’t. ADA doesn’t work that way. Of course, crypto mining is no longer a viable option for most popular assets, as the startup and maintenance costs associate with Bitcoin mining, Ethereum mining, etc. are through the roof.
Thus, it’s not really a negative that you can’t mine ADA. That said, once you actually have some ADA, it’s simple to earn more free coins. You do that by staking your ADA through your exchange or private wallet.
What is the best Cardano wallet for legal Philippines sports betting?
There are several excellent options for Cardano wallets out there, but we only recommend official wallets that have been vetted by Cardano’s official development partners like IOHK and Emurgo.
These wallets are all cross-compatible and support ADA staking, which is a must for those who want to maximize their holdings and gains.
For sports bettors, it’s also an option to keep your ADA on the exchanges themselves, which facilitates incredibly fast gambling transfers, but it’s also less secure, as your keys are stored on the exchanges.
It’s much better for crypto users to keep their crypto in software wallets or hardware wallets.
ADA software wallets like Daedalus, Yoroi, and AdaLite are the only options we recommend, and several of these have the benefit of working via your mobile device. Since most Filipino gamblers prefer mobile sports betting, this option streamlines things even more, as you can do everything from your iPhone, iPad, or Android device.
while ADA hardware wallets such as the Ledger Nano S, Ledger Nano X, Trezor One, and Trezor Model T are even more secure, although they require a few extra steps – and thus, extra time – when using them to send funds to your betting site of choice.
We do not recommend Cardano paper wallets for anything but long-term cold storage, and it’s important that you only download or buy ADA wallets from their official developer and manufacturer pages.
You should never install software wallets or buy hardware wallets from third parties, as these can be compromised.
Is Cardano a good investment for Philippines bettors?
Absolutely. The Cardano history proves that the asset is on an upward trajectory, rising in value from just a few cents to well over a dollar in the last year.
The Cardano all-time high (ATH) is about $2.40, but the asset has settled back to the $1.30 range since then.
Still, that ATH will undoubtedly be dwarfed in the near future, and ADA price predictions indicate that the asset could be worth $4 or more by 2022, rising to $10-plus in the next 3-5 years.
Right now, ADA is the best cryptocurrency for investors, and there’s nothing on the horizon that seems better positioned for rapid growth and returns.
What should I do with my Cardano betting winnings?
Once you win your sports bets at any legitimate, trusted Philippines online sports betting site, there are a few options for how to manage your withdrawals.
Most bettors will be content to leave their winnings in their betting accounts, but whenever you withdraw, you should pull those winnings out in ADA and have them sent to your Cardano wallet of choice.
This should be a “Shelley Era” staking wallet, and once you have your balance there, you should use a resource like pooltool.io to search for a Cardano staking pool.
ADA is the best proof-of-stake platform going, and by delegating your coins to these pools, you can actually earn significant free Cardano on top of your existing balance.
Staking is what powers the ADA blockchain, and whenever you have ADA in a wallet, you should be staking it. There’s simply no reason not to.
You can learn how to stake Cardano ADA via various online tutorials, YouTube videos, etc., and the whole process takes just a few minutes. Cardano rewards are doled out every five days, or every “epoch.”