What are the most important features of the best casino online? These most certainly include game selection, bonuses, and payment methods. The last feature has become particularly impactful recently, mostly due to the introduction of crypto payments and depositing solutions.
It seems like more platforms are starting to embrace cryptocurrency payments every day. The likes of bitcoin casinos are thriving, but the largest crypto coin is far from being the only option you have. In fact, there are several different currencies you can use for online gambling, so let’s take a look at the top five cryptocurrencies to use in an online casino!
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Bitcoin
Any crypto-list would be incomplete without Bitcoin. After all, it was the first real application of blockchain technology and the first cryptocurrency to gain widespread adoption. It’s also the most valuable currency by market capitalization and one of the most popular payment methods in online casinos.
The main advantage of using Bitcoin for online gambling is that it’s incredibly convenient and widely available. Most casinos that accept crypto will also accept Bitcoin, and it’s easy to find a BTC wallet that fits your needs. The transaction fees are also relatively low, which is always a bonus.
On the downside, Bitcoin can be quite volatile. The value of the currency can fluctuate quite a bit, which means your winnings could end up being worth less (or more) than they were at the time of your deposit. Besides that, transaction times are usually too long.
Ethereum
Bitcoin might be the most popular cryptocurrency out there, but Ethereum is a very close second. In fact, some would say that Ethereum is even better suited for online casino payments than Bitcoin. The main reason for this is the fact that Ethereum transactions are processed much faster than Bitcoin transactions.
The key characteristic of Ethereum that makes it ideal for online gambling is its smart contract functionality. This allows for the creation of decentralized casino platforms that are provably fair. In other words, you can be sure that the games you’re playing on an Ethereum casino are not rigged against you.
The main downside of using Ethereum for online gambling is that it’s not as widely available as Bitcoin. There are still plenty of casinos that accept ETH, but you might have a hard time finding one that fits your needs. Besides that, Ethereum can also be quite volatile.
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Dogecoin
Dogecoin might be known as the “joke currency”, but it has serious potential when it comes to online gambling. If you’re looking for crypto money that is both fun and functional, then Dogecoin is definitely the way to go. This popular altcoin was originally created as a parody of Bitcoin, but it has since grown into its own thing.
Dogecoin is a perfect alternative for Bitcoin gambling because it is incredibly fast and has very low transaction fees. In fact, it’s one of the fastest cryptocurrencies out there. It’s also quite popular, which means you should have no trouble finding a Dogecoin casino that fits your needs.
The main downside of using Dogecoin is that many players still consider it to be suspicious and dubious. This is mostly due to the fact that it was created as a parody, and it doesn’t have the same level of brand recognition as Bitcoin. However, this shouldn’t be an issue for experienced crypto gamblers.
Tether
Tether is a relatively new cryptocurrency that is quickly gaining popularity in the online gambling world. The main reason for this is the fact that Tether is pegged to the US dollar, which makes it much less volatile than other cryptocurrencies. This means that you can be sure that your winnings will retain their value, regardless of what happens to the market.
Tether is also incredibly fast and has very low transaction fees. In fact, it’s one of the fastest and most efficient payment methods available for online gambling. The main downside of using Tether is that it’s not as widely available as some of the other options on this list. However, that is slowly changing as more and more casinos begin to accept it.
Litecoin
Litecoin is often described as the “silver to Bitcoin’s gold”. It shares many of the same characteristics as Bitcoin, but it is cheaper and faster. This makes it ideal for online gambling, as you can be sure that your transactions will be processed quickly and smoothly.
The main downside of using Litecoin is that it seems to have limited growth potential. It is unlikely that it will become mainstream anytime soon, which means that you might have a hard time finding a casino that accepts it. However, there are still plenty of Litecoin casinos out there, and the number is growing every day.
Conclusion
Cryptocurrency casinos are not a new thing, but many gamblers still haven’t tried them. If you are interested in such platforms, make sure to start with some of these crypto coins. They are all quite popular and have a lot to offer. Each of these cryptocurrencies has its own advantages and disadvantages, so make sure to choose the one that fits your needs the best. Good luck!