The Most Popular Crypto Coins and Platforms for Gambling
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This article covers The Most Popular Crypto Coins and Platforms for Gambling. Also, learn about the biggest wallets used at online casinos.
The fact that crypto and online gambling are closely linked these days is no secret and the two markets share a lot of the same DNA, not to mention an overlap in customers too. However, crypto is a very wide world of different coins, wallets and exchanges, and some have tied in with casinos more closely than others.
So, which exactly are the crypto entities that are making the biggest waves in online gambling?
It isn’t likely to be much of a surprise but, like the rest of the crypto market, Bitcoin still reigns as the king of coins for crypto gambling purposes. If a casino says that they accept crypto for making deposits and withdrawals, 99% of the time that will be Bitcoin and then maybe others as well.
Not everyone owns Bitcoin, however. There are a plethora of online guides available for casino beginners. And this is most likely where a lot of first-time gamers will read up on rules and tips regarding games, such as the Crazy Time strategy guides for example. These primarily still focus on traditional payment methods like credit cards or bank transfers, as for beginners, bringing up the complex topic of Cryptocurrencies might be an overload of information.
Crypto isn’t universal across all online casinos, but it is quickly being picked up. In fact, those live casino games are one of the more popular options for those using crypto to play, and Bitcoin is at the forefront of that.
Of the other large coins commonly used for online transactions, the main ones that have found their way into online casinos are Ethereum and Litecoin. Of the two, Ethereum is the more flexible option, more flexible than Bitcoin in some cases, and generally sits as the second most common option for casinos despite a higher number of vulnerabilities.
Litecoin rounds out the top three but has never had the market presence of the other two and is widely seen as a declining coin. In fact, Lightcoin’s drop in value is often the largest among the big names.
When it comes to e-wallets, there are two main categories to look at. On the one hand, there are the tried and tested platforms that can be found as the main options on major betting sites. These include the all-purpose platform PayPal and more focused systems such as Neteller and Skrill. Even outside of the largest sites, these are the most common e-wallets to be found at online casinos.
What is more striking in the world of e-wallets is that many of the biggest names have not yet entered the world of crypto gambling. In fact, all of the platforms listed in our best e-wallets of the last year are absent from the world of online casinos, with major entry CoinBase, in particular, not yet extending their system to gambling sites. This has left the door open for regional payment platforms like EcoPayz and MuchBetter to perhaps expand operations to fill a gap for bettors.
While everything above may stand as the current state of crypto in gambling, it has proven to be one of the most changeable markets out there. It is entirely possible for many of these names to drop off the map by this time next year, and don’t be surprised if completely new players turn up in the mix.
