Today, there are so many forms of online casino games. There’s poker, blackjack, slots, sports wagering, and a lot more. The only thing players didn’t like about it was that you had to input personal info when playing on the web. Luckily, someone invented digital currency and you no longer have to do that, making online casinos even more attractive. As long as you have money in your digital wallet you’re good to go. But which cryptocurrencies to use for iGaming? Here are seven of them you just can’t go wrong with.
Let’s start with the most obvious one. It’s the very first cryptocurrency out there, having been around since 2009. It emerged as a response to the banking crises in the US and its popularity kept rising ever since. With that said, it doesn’t come as a surprise that it’s one of the most popular forms of digital money in iGaming. As soon as online casinos started accepting money, it became obvious players preferred Bitcoin over other options available. And even though some more user-friendly options arrived in the meantime, Bitcoin remains the top option. If you’re wondering why, the answers are top-notch security and no-fee transaction processing.
Next on the list we have Ripple. This cryptocurrency first appeared in 2012 and has proven to be an effective digital currency as well. It’s extremely popular in the gambling world as it comes with a number of benefits for players. The company is known for its swift transactions which take place a lot quicker than they do with traditional crypto. Another great thing about is the low cost of transactions, especially when compared to credit card payments and bank transfers. Ripple can also be used as a Bitcoin bridge which is exactly what many players want. With it, you can make payments in Bitcoin without de facto buying it.
Dogecoin is one of the hottest Bitcoin alternatives at the moment. This cryptocurrency actually started as a joke in 2013 but it rose to fame quite quickly. Some people even bought it just out of fun and ended up diving seriously into Dogecoin investing. It didn’t take long for Dogecoin to enter the online casino industry as well. It’s selling point is ease of use. If you’ve never paid for something with a digital currency, Dogecoin has got you covered. Making transactions is extremely easy and payments go through swiftly. That’s why you’ll find plenty of Dogecoin fans in the world of online gambling.
Since its launch in 2015, Ethereum has quickly grown to become the second-biggest crypto in the world. While it’s still far beyond Bitcoin, Ethereum is doing amazingly well at the moment. And as you can imagine, it has become a popular payment option in online casinos. It’s one of the fastest digital currencies you can use when gambling online. Most of the time, it won’t take more than 15 seconds for your payment to go through. Ethereum casinos also run real time code that audits anything you play at all times. That way, you can make sure that the gameplay is fair and that it hasn’t been tampered with.
Litecoin was one of the first digital currencies to follow in the footsteps of Bitcoin. This crypto launched in 2011 and many call it the “silver to Bitcoin’s gold.” The biggest difference between the two is that Litecoin has a somewhat more complicated technology behind it. This is both a plus and a minus, but crypto enthusiasts absolutely love it. In terms of online gambling, Litecoin is another currency that offers stellar speeds. That’s exactly why you’ll find so many Litecoin casinos when you look around the web. Another reason why it became so popular in iGaming is because it’s one of the least vulnerable currencies when it comes to double spending. Although paying with Litecoin is a bit more complicated, if you understand Bitcoin gambling, you won’t find it tough.
Now’s time to talk about one of the online casino enthusiasts’ favorite cryptocurrencies. Dash was developed in 2014 and it immediately became recognized in the crypto world. One of the reasons for this is that it’s as private as it gets. This means it helps you stay hidden when shopping online even more than Bitcoin does. This has attracted a lot of casino lovers to Dash and the currency gained a lot of popularity in the industry. However, it’s still not as big as some other digital coins. Still, there are plenty of online casinos that accept Dash and finding one to register at shouldn’t be tough.
Last but not least, we have Monero. It has been around since 2014 and it recently became a highly popular digital currency option, especially in iGaming. It’s selling point is privacy and, as we’ve already said, what’s what online casino players want. Monero is almost impossible to track down. There were even bounties for contractors who managed to trace it. Although it’s nowhere close to Bitcoin and other cryptocurrency giants, you can find plenty of casinos that accept Monero. It’s another easy-to-use currency, which results in a more enjoyable gambing experience.
Digital currencies are here to stay. Bitcoin was only the beginning, and we’ll see even more of these things appear in the future. Due to anonymity, fast transactions, and low fees, it’s not a wonder they found their way into the online casino world right away. Expect more and more players to ditch credit cards and turn to crypto when playing online. If you’re one of them, opting for any of these seven currencies makes a lot of sense.