4 Popular Cryptocurrencies in Online Casinos Other than Bitcoin
When talking about cryptocurrencies, Bitcoin is often the first one that comes to mind. This comes as no surprise, since Bitcoin is by far the most popular digital currency that lots of investors focus on. This is one of the reasons why Bitcoin casino is now one of the established names for online casinos that accept crypto payments.
However, the name Bitcoin casino might be confusing for some. It may sound like these casinos only offer Bitcoin as a payment method, but in a lot of cases, that’s not true. Since the number of cryptocurrencies is growing, the casinos want to offer as many of them as possible to attract more customers.
Before signing up at a Bitcoin casino, it is therefore important to know that Bitcoin is not your only option when it comes to crypto gambling. At Bitcoin-casino.co, players can find the best crypto casinos that offer a wide variety of currencies. The large selection offered today makes this new way of gambling accessible to more people.
Top Cryptocurrencies for Gambling
Bitcoin is the most favored cryptocurrency, and the most expensive one. For gamblers that are interested in starting gambling with crypto, but who do not yet own any Bitcoin, it might therefore be difficult to get started.
If your gambling budget is not unlimited, it’s a good option to explore what other, cheaper currencies, are frequently accepted at crypto casinos. Below, we’ll guide you through four of the most popular alternatives.
Ethereum (ETH) was launched in 2015 and is a blockchain network where the currency Ether is held and exchanged. In its seven years active, the currency has grown out to be the second most popular after Bitcoin. Therefore, it’s possible to use Ethereum in deposits and withdrawals at many online casinos. ETH is one of the most liquid currencies, which is positive for new investors.
Although Dogecoin is not the currency that attracts most investors, it’s one of the currencies most people talk about. This has to do with its source of inspiration – an internet meme featuring a dog. The popularity of the currency means it’s becoming more and more available in gambling. And since transactions with Dogecoin are similar to the ones offered by Bitcoin, it is a simple and secure currency to use.
In 2011, the former Google engineer Charles Lee founded Litecoin. One of the things most important to Lee was the time of transaction. Therefore, an appreciated advantage of Litecoin is that transactions can be verified quickly, which means less waiting time before heading into a casino game.
Dash is a cryptocurrency based on Bitcoin that is surging in popularity. Two of the reasons why, are the transactions processed within a few seconds and the secure protection of funds and personal information. Many crypto casinos yet lack the possibility to use Dash, but it seems to only be a matter of time before the currency is implemented at the biggest crypto casinos.