How to deposit to Australian crypto gambling sites
Now that we have some of the basics of Australian crypto gambling sites down, let’s have a look at how you can actually deposit into one of them. In case you are not familiar with the process of crypto transactions, don’t worry, as you will soon find out it’s just as easy as conventional banking methods. But to do so, first, you need to get some coins. In the next part, we will discuss all the options available so you can find the one that fits your gambling needs.
WHICH ARE THE BEST COINS FOR AUSTRALIAN CRYPTO GAMBLING SITES
When it comes to cryptocurrencies, Bitcoin seems to be the primary choice for Australians, as it is owned by more than 60% of crypto holders. It is only normal for BTC to be the go-to for crypto gambling over the country, but what other options do you have? Let’s see some of the cryptocurrencies that are often used by crypto operators.
Bitcoin might be the one cryptocurrency that made its way first into the iGaming world, but users started looking for better options once they had to face its relatively slow transaction speed. Behold Ethereum. ETH did not just bring provably fair games to gambling, it also brought faster transaction speeds. Now gamblers can get their accounts topped up within seconds and get to play without waiting. The one hiccup of Ethereum, sadly, is gas fees. Even though they have been reduced significantly with the latest update, they are still quite high for players with smaller bankrolls. Thankfully, there are better alternatives.
In terms of altcoins, Cardano and Doge appear to be in the bags of many Aussie hodlers. But they are not used solely for investment purposes. They have an application in gambling too. Compared to BTC and ETH, their lower transaction fees, with equally speedy transactions, allow players to enjoy their game without hindering their precious bankroll on fees. While Doge was adopted quite quickly by crypto gambling sites, ADA is just starting to be added in more cashiers.
A major problem of cryptocurrencies is high volatility. Watching your balance change value every day is not for the faint of heart. That’s where stablecoins come to play. Stablecoins are cryptos with their value pegged to one (1$) dollar. The value that stablecoins bring to your gaming is pretty obvious. You have the chance to size your bets just like with regular dollars, stay away from the price action frenzy and still get lightning-fast transaction speeds with low fees. Doesn’t get better than this, right? USDT and USDC are the top and most trusted stablecoins in the market and they are part of every proper Australian crypto gambling site.
Cryptocurrencies are long praised for their anonymous nature, but in fact, they are pseudonymous. The truth is that your name might not be attached to your wallet address, but if the government wants to come after you, and collect crypto gambling taxes for example, they can do it.
The solution to this problem is true anonymity coins. Monero(XMR) and Zcash(ZEC) are two cryptocurrencies whose transactions are completely untraceable. Luckily, they can be found in most Australian betting sites with crypto in their cashier section, giving you the freedom to place your wagers without the state watching over your shoulder.
As you see, the options are enough to satisfy players of all kinds. Once you have chosen the coin that suits your style, signing up and depositing to a crypto casino is the next part. Here are a few of our picks accepting the coins we have previously analyzed that you will find exciting.