Gamblers all around swear by cryptocurrencies as a replacement for the money they bet. But why is that? Which cryptos should you stick with if you decide to follow suit?
This piece covers it all. I’ve pinpointed the eighth cryptocurrencies that I believe are the best for your betting adventures. Read on!
8 Go-To Digital Coins to Place Your Bets With
Bitcoin (BTC)
Bitcoin is the OG of crypto. As a first-ever digital asset, it’s the number one pick for gambling. The reason for its dominance? Simple — it’s the most widely accepted and trusted coin, and people tend to stick with familiar things.
Because of its popularity, you’ll have no shortage of casinos that welcome BTC club members. And if you’re a high roller who loves betting big, Bitcoin has you covered.
Ethereum (ETH)
Ethereum is the world’s second-biggest crypto. Behind this token is a whole ecosystem favored by both users and devs. The Ethereum network has varied use cases. For instance, it powers many decentralized applications (dApps). Those are getting popular in virtual casinos these days.
ETH smart contracts are at the heart of many provably fair games. Here, you can check the integrity of your bets and outcomes. And the coin itself is also accepted by many operators. Heads up: because of soaring popularity, ETH network congestion may be a hurdle.
Litecoin (LTC)
Ever heard of “silver to Bitcoin’s gold”? That’s what Litecoin is often dubbed. Compared to its big bro, it’s cheaper and faster. Perfect for bettors who want quick transactions without fees eating into deposits and payouts.
I find this feature especially handy in live betting. Or some fast-paced casino games. Transact without delays and keep the game flowing!
Dogecoin (DOGE)
Once a meme coin, DOGE has grown into a solid cryptocurrency venture. And folks still love it! Dogecoin has built a loyal community around it, and it’s all about the laid-back vibe. No wonder its acceptance is growing each day.
Like other cryptos I mentioned, its fees are pocket-friendly. Those meme origins especially appeal to casual bettors who want a bit of fun along with gambling.
Bitcoin Cash (BCH)
Bitcoin Cash is BTC’s sibling on steroids. It’s faster and more efficient, thus capable of tackling scaling issues Bitcoin faces. Hate waiting for your deposits or withdrawals? Look no other than BCH, as its transactions are turbo-fast.
Microtransactions are where Bitcoin Cash rocks. When I’m after small frequent bets, I stock my BCH wallet.
Binance Coin (BNB)
Been in crypto for some time? Then, I shouldn’t explain to you what Binance is. For newbies, it’s the biggest cryptocurrency exchange out there. So, Binance Coin is its native token. First, it was designed to fuel transactions on the platform. Over time, its uses have spread to other spheres — casinos included.
Already in the Binance ecosystem? Then, expect discounted fees on Binance’s exchange and casino platform.
Ripple (XRP)
Ripple rules the game in cross-border payments. Want to bypass the hurdles of traditional banking? XRP might be an ideal choice. Transactions with this coin are convenient and affordable.
Ripple runs on a consensus mechanism that promises speedy transactions. Seriously, my last XRP deposit took less than a minute!
Stellar (XLM)
Stellar also makes global transfers faster and cheaper, pretty much like Ripple. However, its primary focus is underserved regions. For gamblers in emerging markets where traditional banking is limited or unreliable, XLM is an effective solution.
That being said, Stellar helps make online gambling accessible to more players. And it’s a great fit for microtransactions, too.
Why Gamble with Cryptocurrencies?
To sum it up, why is crypto becoming a big deal in gambling? Below are the reasons why gamblers are making the switch:
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Fast Transactions
Ditch long wait times with bank transfers or credit cards. Cryptos get your transactions processed in a flash.
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Lower Fees
Fiat payments often come with hefty fees attached. Cryptocurrency transactions involve just a network fee, which is usually tiny. Plus, you’ll save on exchange rates if gambling internationally.
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Ultimate Privacy
Want to stay incognito while betting online? Then crypto is your go-to. There’s no need to reveal your info when paying. Thus, no bank will ever see gambling expenses on your statement.
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Global Accessibility
You may reside anywhere. With cryptocurrencies, you can fund your gambling fun wherever you are. It’s a way out for bettors in regions where casino gaming is banned officially.
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Exclusive Bonuses
Gambling operators may hold special promos for crypto bettors. Think of greater match bonuses for cryptocurrency deposits, cashback offers, and extra loyalty point multipliers.
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Investment Potential
Cryptocurrencies tend to appreciate in value. Sometimes, digital coins soar overnight, turning their holders into instant millionaires. But it can work in the opposite direction, too. The key? Diversify your holdings and stay updated on market trends.
Wrapping Up
Ready to make your move with crypto gambling? These 8 digital assets are solid options to start with. Getting started with them is rather easy, and the benefits won’t leave you indifferent. So, go ahead, pick your coin, and take your casino transactions to the next level.
