Foreword｜Money88
Online gambling is a highly competitive industry. Newcomers are trying to disrupt established brands by offering customers a range of benefits, including bonuses and promotions and various payment methods. One must understand how to claim bonuses offered by online casinos through activation codes. Players can then start enjoying the goodies that are part of the winnings. The type of payment method is also an important feature of the online casino industry. This article explains the different types of cryptocurrencies you can use at online casinos.
Why use cryptocurrencies at online casinos?｜Money88
Both online casinos and gamblers benefit from using cryptocurrencies for payments. Here are some of the most important benefits of betting with cryptocurrencies instead of fiat currencies.
- Anonymity: Cryptocurrencies provide the perfect cover for anyone who wants to remain anonymous while betting at an online casino. No one can take information about transactions made using a password and use it to identify an individual. Therefore, using coins ensures that your identity is never revealed to third parties.
- Lower transaction fees: The value of cryptocurrencies changes in real time. Casinos also adjust transaction fees based on the value of the coins. However, the average fees for transactions with cryptocurrencies are much lower than with fiat currencies. Therefore, customers tend to enjoy lower fees for transactions at online casinos using cryptocurrencies.
- Enhanced security: Casinos that allow customers to transact with cryptocurrencies are more secure than casinos that still allow customers to use credit cards. This makes them less vulnerable to hacking and other forms of cybercrime that often follow breaches of payment processors. Thus, you can safely complete any transaction on such sites, for example, activate Stake bonus codes on this popular crypto platform.
5 Top Cryptocurrencies｜Money88
Demand for cryptocurrencies will continue to grow rapidly in 2023. This will remain the case despite the cryptocurrency crash in 2022. Therefore, many gamblers will adopt cryptocurrencies for their activities at online casinos. But given the sheer number of coins available, it’s important to know which are the best. Our researchers carefully evaluated cryptocurrencies and came up with the following list.
Litecoin｜Money88
Litecoin is an amazing cryptocurrency that should be tried by anyone who likes to gamble online. There are a number of features that make this coin a good choice, especially for those who want to use a different cryptocurrency than Bitcoin.
Litecoin holds many more coins than Bitcoin. Bitcoin can only hold 21 million coins, while Litecoin is fixed at 84 million. Therefore, Litecoin is far superior to Bitcoin in terms of scale.
The second important feature of the coin has to do with the exchange rate of its cryptocurrency against the US dollar. The exchange rate of Litecoin is much lower than that of Bitcoin. So, if you cannot handle the large amounts of money associated with the high interest rates of Bitcoin, you can easily trade with Litecoin.
Dogecoin｜Money88
Dogecoin has steadily earned a reputation as a solid alternative to other leading cryptocurrencies. The coin was created to imitate Bitcoin, however, it took on a life of its own, and its market value and popularity increased significantly. Many attribute its popularity to endorsements by well-known celebrities. There are even rumors that the token might be used as a payment method on Twitter. However, this claim has not been confirmed.
Dogecoin is an excellent cryptocurrency for online gambling. Its confirmation time is very short, one minute, while the confirmation time of other mainstream coins is about ten minutes. Thus, your deposit transactions with Dogecoin are ten times faster than deposit transactions based on any other cryptocurrency such as Bitcoin.
Ethereum｜Money88
If you want to gamble online with a different cryptocurrency than Bitcoin, it might be a good idea to try Ethereum. The cryptocurrency, which emerged in 2015, has grown rapidly to occupy the second position in terms of market capitalization. Therefore, many gamblers who want a good alternative to Bitcoin always end up using Ethereum.
A full upgrade of the token will be released in September 2022. The upgrade addresses many of the critical issues with the network’s poor performance. Due to the upgrade, Ethereum is now a great alternative to Bitcoin. The time to confirm a block is greatly reduced. Thus, you can quickly and safely use coins as a payment method at any online casino.
USDC｜Money88
USDC is another great cryptocurrency that you can use in online casinos. Despite the recent decline in market value and circulation, the coin remains popular with online gambling enthusiasts. USDC has several features that make it attractive to gamblers. For example, its exchange rate is lower than many other cryptocurrencies. Therefore, individuals who may not be able to handle large transactions may find it suitable for their online gambling.
Bitcoin｜Money88
Bitcoin is the most popular and capitalized cryptocurrency in the world today. The coin has maintained its lead despite facing stiff competition from other, more secure, highly scalable, and relatively faster alternatives such as Ethereum.
Bitcoin is popular with online casinos for similar reasons. The coin was the first to appear on the scene. After cryptocurrency casinos started to become very popular, early online casinos that decided to use it as a payment method ended up paying off in the short and long term.
Currently, all online casinos that accept cryptocurrencies use Bitcoin as their primary payment method. Additionally, there are revolutionary casinos that do not accept any other form of cryptocurrency other than Bitcoin. Such online gambling platforms are simply called bitcoin casinos.
Conclusion｜Money88
Cryptocurrencies will continue to gain popularity in the online gambling industry. Many gamers these days prefer to use websites that accept cryptocurrencies as a payment method. Choosing from the list of coins that many online casinos offer their customers may not be easy. There are many factors to consider before deciding on the right type of cryptocurrency, including the main characteristics of the coin.
