Cryptocurrencies have become the go-to payment method at many online casinos nowadays. The best crypto casino sites offer dozens of coins to play with. While they all offer anonymous and instant transactions, there are some differences you need to consider when choosing the right crypto for your gaming adventures
Doing your own research is very important before you join the best Bitcoin casinos. We won’t share any financial advice and tell you which coin is the best for you. However, we have a few tips to share with you regarding how to choose the right cryptocurrencies and enjoy the best possible crypto gambling experience.
Why Are Cryptocurrencies Great for Gambling?
Cryptocurrencies and the blockchain have become a true powerhouse when it comes to online gambling. They come in many shapes and sizes, and while they’re similar, there are differences you need to consider. Some modern coins have outgrown their master—Bitcoin—by offering lower transaction fees or features such as smart contracts.
Depending on what you prefer, you can choose from dozens of cryptocurrencies available at the top casinos. Bitcoin is among the most popular options, but you should also consider Ethereum, Litecoin, Bitcoin Cash, or any of the so-called meme coins. On top of that, you also have stablecoins to consider which come with all the crypto advantages without the volatile prices.
We’ll share some of the most popular gaming cryptocurrencies in the paragraphs below and tell you why you should consider playing with them.
Bitcoin
Bitcoin is the crypto that started it all. It’s the coin that started a decentralized finance revolution and forever changed the investment industry. As the most valuable crypto coin in the world, Bitcoin has the highest value and the biggest advantages when it comes to playing casino games. If you have Bitcoin in your crypto portfolio, you know that you can make gains in minutes. The volatile price is both a blessing and a curse, as the value can drop down in minutes too.
Regardless, Bitcoin remains one of the top cryptocurrencies for online gambling. Players swear by it and its anonymous and fast transactions, regardless of the higher fees compared to other coins. The great thing about BTC is that it’s available at nearly all crypto casino sites. Unless it’s a gaming site which specifically revolves around a special coin, it will feature Bitcoin in the finance department.
Playing with Bitcoin is easy as it fits in any crypto wallet. It doesn’t matter if you’re using a hardware wallet, a third-party, or one of the free wallets issued by the top cryptocurrency exchanges. It will likely feature Bitcoin in it, so if you’ve built up a portfolio, you can use it to play your favorite slots and casino games. All transactions with Bitcoin are instant, while the blockchain fees you pay are low.
Ethereum
Ethereum is the alternative to Bitcoin and the second most-valuable crypto coin on the market. It’s a great pick for younger and tech-savvy players who love features such as smart contracts. Similar to Bitcoin, Ethereum is accepted at the top crypto casinos.
Ethereum was launched as a coin that aims to solve Bitcoin’s technical issues. It has faster transactions and lower fees, while offering smart contracts which are important for operators. On top of that, it’s quite the popular coin, so you’ll find it accepted at the top crypto casinos, just like it’s rival Bitcoin.
Moreover, Ethereum’s price is much lower than Bitcoin, making it a better investment for many players. You’ll buy a bigger piece of ETH compared to the same BTC investment, and that’s why it’s a popular coin at crypto casinos. It’s the best option for anyone who wants something more advanced and faster to use than Bitcoin.
Tether
Tether, known by its ticked USDT, is a stablecoin. Compared to cryptocurrencies, stablecoins have a stabler price. It is volatile, but since it’s pegged to the US Dollar, its price is constantly around $1. It can drop a bit to 99 cents, but it takes a short time before the price goes up back again.
Tether is a great pick for players who want all the advantages of cryptocurrencies, but none of the volatility. It’s a great alternative even to fiat money payment methods, since a single coin costs a $1. USDT transactions are just as fast as Bitcoin and Ethereum and feature low transaction fees, so you’ll benefit from all the crypto advantages without worrying about constant price drops.
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.