This article provides a ranking of the best digital coins that you can deposit at a casino and play your favorite games with them.
Cryptocurrencies accepted by many gambling sites are a great alternative to fiat currencies. At the same time, the procedure for depositing funds into the player’s account is practically no different from traditional payment methods, and even much simplified. The main thing is to find a good casino that offers a specific crypto you are interested in.
The world of virtual currencies is changing dynamically. A few years ago, most of us did not know such concepts as a blockchain or a token. Today, even people who are not related to investing in cryptocurrencies know at least one of them – most often it is Bitcoin.
Bitcoin, although for many it is a symbol of virtual coins, it is not the only cryptocurrency. There are a huge number of them, including ethereum, litecoin and others. The number of cryptocurrencies continues to grow, which is mainly due to the technology that allows you to create new coins even without programming skills. However, the creation of a cryptocurrency in itself does not mean that the coin will have any value – there must be people willing to buy it. This is clearly seen in the currencies listed on the exchanges – some of them are not of interest to investors. The latter most willingly decide to place their savings in the most popular digital currencies.
RATING OF CRYPTOCURRENCIES IN ONLINE GAMBLING
We invite you to get acquainted with the ranking of the most popular and most preferred digital currencies for crypto casinos and other gambling sites.
1. Bitcoin (Bitcoin)
It was introduced to the market in 2009 by Satoshi Nakamoto. Blockchain technology was used to create it. In total, only 21 million coins can be created in the world.
Bitcoin (BTC) is the largest cryptocurrency in the world both in terms of market capitalization and popularity. Currently, its price is breaking records, and interest in the coin is growing every month. For many, bitcoin is a symbol of the virtual currency market.
Thus, almost any casino that works with cryptocurrencies accepts bitcoins.
2. Ethereum (Ethereum)
Ethereum (ETH) is the second most popular cryptocurrency used by legal online casinos .
Appeared on the market in 2015, and from the very beginning of its existence has been on the heels of bitcoin. Ethereum was created on the basis of a similar technology, with the difference that it allows the creation of so-called smart contracts.
The difference is also that the supply of ETH is unlimited, and mining is much easier than in the case of BTC.
This is another crypto that you can use to place bets in many online casinos. It was created in 2014 based on the stablecoin system.
Tether is not highly volatile. The coin is tied to a specific asset, or rather to the US dollar. She always aims for a $1 guaranteed value.
4. Binance Coin (BNB)
Binance Coin was created in 2017 by the owner of one of the largest cryptocurrency exchanges in the world, Binance. Initially, it served as a utility token, the task of which was to reduce the amount of commissions for commercial transactions, as well as to raise funds for the operation of the exchange.
Binance Coin is valuable because it is used as a means of payment in many services outside the exchange. The coin has a strict limit of no more than 200 million units.
Litecoin (LTC) is one of the oldest cryptocurrencies, released in 2011 as an alternative to Bitcoin. The creators of Litecoin have made small improvements – the currency processes blocks faster and has a larger supply. These are the reasons why Litecoin is cheaper and more efficient to use. Mining LTC is easier and faster, and transaction costs are lower. Like the number of Bitcoins, the number of Litecoins is limited.
Cryptocurrency has no limits, it can be used by any adult crypto casino player with an Internet connection. Cryptocurrencies are decentralized whereas fiat currency is issued by a government for use in a specific geographic area.
Bitcoin is not controlled by anyone. The coin is controlled by all users around the world. While developers improve the software, they cannot forcefully change the Bitcoin protocol — users are free to choose which software and version to use.
Ethereum is more than just a digital currency, it is a complete blockchain ecosystem. You can use it to buy goods and services or exchange for other currencies (both other cryptocurrencies and traditional currencies).
The Litecoin system was designed to be about 4 times faster than Bitcoin. BTC has a limit of only 21 million coins, while Litecoin has a limit of 84 million.