Playing smart: Top cryptocurrencies for online casino gaming
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Crypto casinos are one of the hottest online gaming platforms these days! They make your online casino experience better in terms of game offerings, security, payment options, speed, and more. If you’re new to online crypto casinos and are still unsure which crypto to use while playing, here are some of the best options that are preferred by many players.
Bitcoin (BTC)
Bitcoin (BTC), the first crypto to be launched in 2009, is the most widely used digital asset worldwide. It remains the top choice since it led the way for all the other altcoins that you can use today. BTC is known for offering secure and fast transactions that allow for pseudonymity in every transaction.
BTC allows for peer-to-peer transfers, which makes the process faster than most fiat currency payment processes. Instead of needing financial systems such as banks to process the transfer, in BTC, the transaction will happen directly from the sender to the receiver, so there is no need for any third-party approvals.
With its decentralised nature, BTC allows for cross-border payments without any restrictions and fees that are bound by traditional financial systems. However, it’s crucial to note that BTC’s price is volatile, meaning it can fluctuate at any moment, which can be a risk for users.
Ethereum (ETH)
Ethereum (ETH) is the second most popular crypto in the world. It is the crypto that made smart contracts possible. These are self-executing digital contracts that make agreements more swift and seamless. Plus, it allows for decentralised gambling applications (dApps) to be built on the Ethereum network, providing players with more exciting crypto casino games and experiences.
Apart from that, ETH is also known for its low fees, usually lower than Bitcoin’s, which is why many players who enjoy small wagers prefer ETH. It also offers fast transactions that can be completed in just a few minutes. Just like Bitcoin, most online crypto casinos nowadays accept Ethereum as a payment method, so there is no need to worry about any conversion.
Litecoin (LTC)
Litecoin (LTC) is one of the earliest and widely accepted altcoins after Bitcoin (BTC). It is based on Bitcoin’s open-source code, allowing for a network that is not bound by any central authority. What makes LTC special is that it mainly differs from BTC in terms of speed. With LTC, the block time is faster, allowing you to process transfers within about 2.5 minutes, instead of the usual 10 minutes with BTC.
With LTC’s nature, it is dubbed the ‘silver to Bitcoin’s gold’, as they share many similarities while also having key distinctions. LTC is preferred by many users not just for its speed, but also because it is a cheaper alternative to BTC, especially for everyday transfers.
Ripple (XRP)
Ripple (XRP) is a real-time gross settlement system (RTGS) which differs from other crypto in terms of its nature. Instead of being decentralised like most digital assets, XRP runs within the Ripple Labs system. However, the XRP ledger operates in a decentralised fashion. This crypto allows for fast and low-cost transactions, even for sending money internationally.
Also, unlike other crypto, XRP doesn’t use a proof-of-work or proof-of-stake consensus mechanism. Instead, it uses a unique Byzantine fault-tolerant consensus protocol that does not require mining. While it is widely different from other known crypto, XRP is still one of the most preferred crypto in online gaming as it offers efficient processes.
Tether (USDT)
Tether (USDT) is a type of crypto called a stablecoin. Stablecoins are pegged to the value of another asset, such as the US dollar or the Euro. For Tether, each USDT is backed by $1 held in Tether’s reserves. Tether Limited, the company behind USDT, created it as a way to easily convert between different crypto. So, instead of moving back to dollars, users can use USDT.
USDT is one of the most used cryptocurrency stablecoins in the world today, mainly due to its key feature of convenience. It also attempts to smooth out price fluctuations that other crypto like Bitcoin (BTC) are experiencing. This makes USDT a great choice for many players in the online casino scene.
Dogecoin (DOGE)
Dogecoin (DOGE) started as an internet meme or joke, presented by the Shiba Inu dog meme. Over time, this crypto gained popularity and developed a strong community, making it one of the most accepted digital currencies in the world. DOGE shares many similarities with Bitcoin (BTC) in terms of the underlying technology, except that it offers faster block times and a larger supply of coins.
With its unlimited issuance, DOGE has become one of the most preferred crypto for real-world usage and value. It can be used for payments, tipping, and trading, with a strong online community supporting it. Most importantly, it is widely used by many online casino players, making it one of the best crypto to play with.
There are tons of cryptos to use on the best crypto casino sites out there. However, if you’re new to the world of crypto, starting with the popular ones is a smart move. These crypto have millions of users, which is a testament to their excellent service offerings.
