In an ever-changing world like gambling, more and more players are choosing to ditch classic currencies in favor of cryptocurrencies. Digital currencies have clear advantages in terms of traceability and handling of amounts. For the online casino enthusiast, there is a significant problem that cannot be ignored: not all online betting or gambling portals accept payments in cryptocurrencies.
A new look at online casinos
More and more bookmakers and online casinos are catching on to this trend and are adapting their payment systems to offer users the option to use cryptocurrencies. However, this is still a minority compared to platforms that have remained tied to older forms of payment such as bank transfers or credit cards. To help players who want to take advantage of the digital tool offered by cryptocurrencies, we have listed the most popular cryptocurrencies in this guide. We then indicated the benefits and adoption rate of these digital currencies in the gambling world. The best bitcoin casino strategies for US players have already been written in this article: https://cryptoinfobase.com/responsible-gaming-in-bitcoin-casinos-best-strategies-for-us-players/
Let's start with bitcoin, a digital currency introduced in 2008 by one Satoshi Nakamoto, which uses blockchain technology to make transactions. Bitcoin is considered the queen of cryptocurrencies, which first spawned what is now called the crypto trading frenzy.
Even today, it is the most famous cryptocurrency, being adopted by a large number of online bitcoin casinos, which have included it among their payment methods. There are several methods that allow you to convert real currencies into bitcoins. This is possible through online platforms or through the conversion offered by e-wallets such as Skrill and Neteller.
Although bitcoin is the most popular cryptocurrency in the world of gambling, it is not the most suitable for betting. Litecoin is a great alternative with fast usage and convenient exchange rates. Thanks to the computer expertise of its creator, former Google employee Charlie Lee, Litecoin can process more transactions simultaneously than Bitcoin. This can provide faster transaction speeds.
Bitcoin and other cryptocurrencies are queens of the casino
For those who bet everything on speed, Litecoin is the best choice. Also considering the fact that several online casinos have decided to include it along with bitcoin among the payment methods for deposits and withdrawals.
In 2013, another cryptocurrency was born, which is slowly conquering the gambling public. Let's talk about Dogecoin, the value of which remains relatively low but stable over time, compared to bitcoin's continuous fluctuations. This stability makes it one of the most secure cryptocurrencies, perfect for moderate money transfers. Dogecoin is the most suitable cryptocurrency for those players who like to bet small amounts at a time. How to spend your leisure time at home playing your favorite game, read by clicking on this link.
Many other cryptocurrencies could be mentioned to give a complete picture of the phenomenon that we have defined as the “crypto casino boom”, but here we will limit ourselves to pointing out some of the most relevant options in circulation. They also include Bitcoin Cash, which debuted in 2017 as a faster variant of Bitcoin, and Ethereum. The latter represents Bitcoin's biggest competitor in terms of quality of service and the number of currencies that can be converted.
