Cryptocurrencies have evolved rapidly since the launch of Bitcoin. Crypto coins are now in major aspects of our lives. We can even make payments at our favourite casino using cryptocurrencies. Just like there are many different types of fiat currencies, many crypto coins keep coming up, widening our selection.
Currently, there are hundreds of cryptocurrencies accepted by casinos. As players, we often have a hard time choosing which coin to use. Luckily, we’ve listed four cryptocurrencies that we’ve found to work well for punters.
As the pioneer coin of crypto payments and transactions, Bitcoin remains unmatched. It’s by far the most recognised cryptocurrency in the world. Many casino owners readily accept Bitcoin as a payment option for their players.
In light of its popularity, bookmakers even accept payments using altcoins and convert them into Bitcoin. It’s also pretty easy to find a dealer to buy or sell Bitcoins to when you want cash. This makes playing with Bitcoin quite convenient for players and casino owners.
This crypto coin comes as a runner up both in market value and popularity. Because of the high cost of Bitcoin, many people embraced Ethereum as an altcoin, and it has since grown to a reputable cryptocurrency.
Ethereum is mostly preferred for carrying out difficult transactions that Bitcoin doesn’t support. This coin makes it easy for developers to use applications inside it or for investors to buy other coins. Casinos like this, and readily accept Ethereum payments.
3. Tether (USDT)
Tether is a very stable cryptocurrency as it enjoys the backing of fiat currencies such as the euro and the US dollar. This coin aims to keep its value consistent with its backing currencies; hence, it’s able to retain its stability.
Many bookmakers readily accept Tether payments, making it an altcoin we should consider.
Founded in 2011, it’s one of the oldest crypto coins in the market. This coin is very similar to Bitcoin in how it operates. The key difference is that Litecoin transactions are faster, and additionally, it has a higher transaction limit.
This coin is highly sought after by developers as it’s easy to create applications with it. This has skyrocketed its demand and market value ranking it among the top altcoins for gamblers.
The crypto market is saturated with many promising entrants that use advanced technology. However, you can’t go wrong with established crypto coins that have a high market value and are readily available.