In the last couple of years, cryptocurrencies have become immensely popular. People from all over the world buy, trade, and sell, and some of them even prefer using digital currency rather than fiat money to pay for their purchases. In fact, crypto has become so prominent that it is now accepted on numerous online platforms, including online gambling websites.
Fans of poker, slots, blackjack, and roulette are likely to run into a betting platform that allows customers to make payments not only in currencies, such as EU and USD, but in BTC, SHIB, and ETH, as well. Encountering a crypto-only online casino is also quite possible. Certain brands have decided to create sites that accept payments in nothing but crypto. For your ease, we will list the best cryptocurrency you are advised to use as a customer in online casinos.
Top Five Cryptocurrencies to Use On Online Betting Sites
New cryptocurrencies are becoming part of the endless market on a daily basis. However, as experts know, not all of them are worth your time and money. Everyone should be very careful before investing in a certain cryptocurrency. The same applies to depositing crypto in online casinos. In the following paragraphs, we will list the best cryptocurrencies you should use on gambling websites. They are also the most commonly encountered accepted cryptocurrencies on such platforms.
Bitcoin (BTC)
Of course, Bitcoin takes the first place in our listing. Although the currency first appeared in 2008, it wasn’t until 2012 that Bitcoin grew in popularity. A few years later, some companies announced that they’d be now accepting Bitcoin as a form of payment by customers. Nowadays, Bitcoin is the most commonly used cryptocurrency. Therefore, it is also accepted by most crypto-oriented online casinos.
Experienced players believe that Bitcoin is the safest cryptocurrency as long as it’s stored properly. If you use dependable crypto wallets, the chances of having your funds stolen are almost inexistent. With digital wallets and debit cards, on the other hand, the possibility of fraud is much more considerable. Additionally, the transactions get completed instantly, which is quite important when it comes to online betting.
Ethereum (ETH)
Ethereum is another quite popular cryptocurrency many people have decided to invest in. Just like Bitcoin, it can often be seen in the list of supported cryptocurrencies on many online gambling platforms. It’s usually available on dependable platforms, but you should still do your research before joining any online casino.
One of the reasons why Ethereum is a good option when it comes to online betting is that a great number of operators offer attractive bonuses for Ethereum-depositors. You may come across a lavish deposit bonus, free spins offer, or any other deal that may catch a potential player’s attention. ETH is supported on many crypto-only and hybrid casinos in the iGaming industry.
Litecoin (LTC)
Of course, we couldn’t miss mentioning Litecoin, which is another very popular currency in the crypto market. Usually, platforms that support payments made with Bitcoin, support Litecoin transactions, as well. In fact, many experienced gamblers prefer using Litecoin rather than Bitcoin when playing in online casinos.
The reason being is that the taxes accompanying Litecoin deposits are a bit lower than those that come with Bitcoin payments. Since Litecoin transactions are completed through secure blockchain technology, this makes the overall payment procedure much more reliable and secure. In addition to all this, it’s quite probable to come across an online casino that has an exclusive welcome offer for all users who top up their balances with LTC.
Dogecoin (DOGE)
Although DOGE was created as a joke, it became the most popular meme coin of all time, and thousands of people invested tons of money into this currency. Considering that it’s accepted in the majority of crypto casinos, we may say that it is still very prominent. Betting devotees can find many Dogecoin casinos that feature slot games, table games, virtual sportsbooks, and so on.
Before heading on a journey, however, you should first create a crypto wallet and add a part of your Dogecoin balance there. Once you join the respective casino, you’ll be asked to connect your wallet, and that’s how you will manage to add “money” to your balance. The taxes that go hand in hand with DOGE transactions are quite minimal, and the payments usually get completed in less than ten minutes.
Tron (TRON)
Tron was released three years ago and is now listed on most crypto online casinos. Although TRON is a secure option when it comes to making deposits on online casinos, you should be quite picky with the platform itself. The reason being is that not all crypto gambling sites are reputable.
To avoid any potential fraud and disappointment, we encourage you to analyze the operator and all security measures adopted by the brand to protect users’ information and money. The Tron transaction fees are usually quite reasonable. Additionally, by depositing TRON you may gain access to different exclusive promotions released by the respective operator.
Final Words
Digital currencies are becoming more and more popular every single day. The market is abundant with different currencies, and they are becoming recognized as forms of payment on many different platforms, including online casinos. Before joining a crypto gambling site and providing your personal data, along with your crypto wallet’s details, however, it is advisable to get familiar with the brand, its reputation, and its security system.