Bitcoin is clearly the most well-known and most popular virtual currency. So much so that some casinos only accept Bitcoin. Although, there’s an increasing number of them are offering other cryptocurrencies.
Regardless of which cryptocurrency you have a preference for, you’re almost certain to find it at multiple of our recommended crypto & bitcoin gambling sites. Here are some of the most commonly offered coins accepted at online casinos.
Bitcoin (BTC)
Bitcoin isn’t the fastest of the payment methods available, but it more than makes up for it when it comes to safety. Considering that the network governs itself, the safety of the currency is second to none. It’s one of the traits that users value the most in the coin, and is a major part of its success.
Although, perhaps the most important characteristic of Bitcoin is decentralization. Players all over the world can deposit funds without any government intervention or middle man involved.
When all is said and done, Bitcoin is the most popular crypto for online casinos, and that looks unlikely to change in the foreseeable future.
Ethereum (ETH)
The most popular crypto after bitcoin is Ethereum. Some online casinos only accept the coin because of this fact. Players can make deposits faster at an Ethereum casino than they can at a Bitcoin casino. The fees that come along with this crypto are generally noticeably smaller than those for bitcoin.
Where Ethereum falls down in comparison with Bitcoin is in the fact that it’s less secure. Regardless, it remains a great option for making deposits at online casinos. This is even truer when it comes to its cheap and fast transactions.
Bitcoin Cash
While it’s a Bitcoin offshoot, it shares the same basic principles as its (sort of) namesake. Bitcoin Cash was developed as a way of overcoming the shortcomings of Bitcoin. Developers worked with the Bitcoin code and applied advanced technology to handle issues such as slow transaction times. Bitcoin Cash is popular with online crypto casinos due to its user-friendliness and speed.
Litecoin (LTC)
Litecoin has been around since 2011. Also known as an altcoin, it shares a number of features with Bitcoin, but with its own distinct benefits. It’s also cheaper and faster than Bitcoin. Buying Litecoin to top up your crypto casino balance gives you top-level anonymity and security. The coin is used all over the world and also delivers speedy payment processing.