Crypto Casino Currencies: Which Coins Dominate Online Gambling?

Cryptocurrencies rose from obscurity to making global headlines in just 15 years. Bitcoin is the oldest cryptocurrency. It came out in 2009 thanks to a pseudo-anonymous developer known as Satoshi Nakamoto.

Over the years, more cryptocurrencies seeking to rival Bitcoin have come out. Some of them are incredibly popular. In fact, some people would rather invest in alternative coins than buy Bitcoin.

In this article, we’ll talk more about the popular cryptocurrencies you can use for online gambling. Let’s get started.

#1: Bitcoin (BTC)

Bitcoin is the most established cryptocurrency in the world. As a result, online casinos targeting crypto fans will always accept the cryptocurrency. While it has a huge value worth more than $50,000, you can buy fractions of a BTC.

At the time of writing this article, $100 can get you 0.000019 BTC. Of course, the digital currency’s value fluctuates, meaning you could receive more or fewer coins when you make your purchase.

Bitcoin’s high rank in the crypto pecking order comes with several benefits. For example, it attracts huge casino bonuses. You can receive up to 5BTC worth of bonuses during your first deposit.

#2: Ethereum (ETH)

Ethereum is the second largest cryptocurrency by market capitalization–$353 billion against Bitcoin’s $1 trillion. It came out in 2015 to change how we look at crypto.

You see, Satoshi Nakamoto developed Bitcoin to be an alternative, peer-to-peer payment system. Ethereum doesn’t focus so much on being a payment network. It offers a platform to create decentralized, trust-free apps.

Decentralized applications use smart contracts to help people transact safely through the Blockchain. Ethereum hosts more than 3000 decentralized projects, including major apps like Uniswap, Metamask, and the Sandbox.

Gambling sites usually accept Ethereum and all cryptocurrencies built on the Ethereum blockchain (ERC-20 tokens). 

#3: Binance Coin (BNB)

Binance coin is the official cryptocurrency for Binance—the world’s biggest cryptocurrency exchange. It has a ton of use cases, which is what sets apart this cryptocurrency from tokens created by other exchanges.

For starters, you can use BNB to pay fees while trading on Binance. You can also use it to pay fees while building projects in the Binance network. Considering that Binance processes payments fast and at a low cost, it shouldn’t come as a surprise that gambling sites love it.

The best Binance Sports betting sites match your first BNB deposit 100% for a maximum of 10 to 20 BNB coins. This is a huge bonus. One BNB coin costs $370 at press time, meaning 10 coins are worth at least $3,700.

#4: USD Tether (USDT)

USDT is a unique cryptocurrency whose value is pegged to the US dollar. Tether Limited created this coin in 2014 to help crypto traders have a coin that isn’t as volatile as other digital currencies.

USDT isn’t just great for traders. It’s also a good coin to buy during times of constant market volatility. Let’s say Bitcoin just flashed a bearish signal in the weekly candles. You could convert your BTC to USDT for a few weeks.

Your 1000 USDT will be worth $1000 for as long as you hold them. That makes cryptocurrency great for making online payments and for gambling. If you deposit one ETH at a casino and Ethereum’s value dips by 10%, you’ll have 10% less money at the end of the week. 

#5: Litecoin (LTC)

Litecoin is one of the oldest cryptocurrencies in the world. Charles Lee, a former Google engineer, created this coin to rival Bitcoin by offering faster, cheaper payments.

For a few years, Litecoin ranked amongst the top five most valuable cryptocurrencies. Newer cryptocurrencies with more scalable blockchains affected Litecoin’s valuation greatly. But the digital currency is still around.

In fact, you can use Litecoin to deposit money at your favorite sports betting website. As mentioned, using Litecoin guarantees you faster and cheaper payments compared to Bitcoin.

 That said, if speed and fees are your biggest concern when using crypto, you have better options out there. For example, USDT, Solana, BNB coin and Ripple can all process transactions faster than Litecoin. 

#6: Bitcoin Cash

Bitcoin Cash is yet another cryptocurrency that used to rank highly in the industry. But it has since been overtaken by coins with more utilities. Bitcoin Cash launched in 2017 as a Bitcoin hard fork.

A hard fork is a coin made by splitting one of Bitcoin’s blocks. When the Bitcoin Cash split took place, everyone who owned Bitcoin at the time also received a BCH coin as a reward. 

The Bitcoin Cash hard fork increased the new coin’s block size from 1MB to 8MBs. This increased transaction speed by 8 times and lowered payment charges significantly.

#7: Ripple (XRP)

XRP is the native coin of Ripple Labs, an American company designed to improve banking through Blockchain technology. When Ripple launched in 2012, it was one of the most promising crypto projects in the world.

Unfortunately, a legal issue with the Securities and Exchange Commission dragged Ripple through the mud for years. It has since won the case, but its value is far from getting back to its previous all-time high.

#8: Dogecoin (DOGE)

Dogecoin is the biggest meme coin by market capitalization ($12B). For the uninitiated, a meme coin is a cryptocurrency with no utility but gains value through hype and demand. 

Almost every crypto blockchain has a ton of new meme coins launched every day. Most of these coins rocket for a few hours before losing 99% of their value. A few meme coins have held their value over time.

Still, they’re not a great idea for investors. If you’re getting into crypto to profit long-term, stick with major coins like Bitcoin, Ethereum, and Binance Coin. If you don’t mind playing around with meme coins in the event you tenfold your money, Doge is a good bet.

As mentioned, Doge’s popularity is so high that you can use it for casino and sports betting payments. You might even earn a sweet bonus after you complete your first deposit.