Which Are The Best Coins To Use for Crypto Gambling
The number of coins available in the market is north of 10,000 but don’t worry, we won’t go through all of them, as it would take us a good few years to do so. Instead, we will focus on the most commonly used ones by crypto gambling sites.
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Bitcoin is point zero in the world of crypto. The originator and the king of all of them. After its launch in 2009, it was quickly devoured by tech fanatics and later became a legit payment solution for people wanting to transact anonymously without the interference of banks.
Online casinos saw the opportunity and added it to their banking section or even used it as the only payment option, and that’s how crypto gambling spawned. It is standard in every crypto-friendly site and, albeit having slower transaction speeds than some others, it should be preferred if true autonomy is your main goal.
The number two crypto after Bitcoin is Ethereum. It came as a flexible alternative to Bitcoin, providing faster transactions that conclude within a few seconds and the ability to build applications on top of it, changing the game forever. High fees are the Achilles heel of ETH, though, and it is most suitable for high rollers. Although the fee structure has improved with the last updates, recreational players with modest bankrolls should stick to the next coins instead.
Any cryptocurrency that is not Bitcoin is an altcoin. The most used ones in crypto gambling, though, are the infamous Dogecoin, Bitcoin Cash, Litecoin, XRP, BNB, Solana and Tron. A shared feature of all of them is the near-zero fees and the almost-instant transaction speed. Therefore, they are fit for gamblers of all pockets and even boast minimum deposits that start from as low as $1. The difference between each coin lies in the technology behind as well as the fees, so selecting one for your bankroll depends on your liking.
The crypto market is known for its frenetic volatility. Coin prices jumping up and down is not always good. In our case, it means the value of your bankroll can change overnight without even placing a bet. If this sounds unpleasant to you, don’t worry, stablecoins are the answer.
Stablecoins are cryptocurrencies that have their price pegged to the US dollar. That way, you keep all the perks of cryptocurrencies, such as the speed and low fees, while maintaining stability over your funds. USDT, USDC and BUSD are the most commonly accepted in crypto casinos and sportsbooks and can be found in multiple networks as well. Definitely recommended for gamblers that prefer a more traditional experience and unshakable funds.
Most cryptos are not 100% anonymous. Although it can be hard to be traced back to you, one can still figure out the real person behind the coins. That’s why they are called pseudonymous. Coins like Monero and Zcash are designed with total anonymity in mind and they provide untraceable transactions by default, meaning your identity remains unknown no matter what. They are often seen in banking sections of
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These coins are only a few of the ones we consider best for your gambling needs with cryptocurrencies. In some instances, you will see brands with upwards of 40 coins in their banking section. For more information on these, take a look at our in-depth guides. Now let’s move on with the full deposit process.