The Best Cryptocurrencies (for online casino players)
Cryptocurrencies are now everywhere on the internet. Not all online casinos accept them, but there are more crypto casinos launching every week.
Bitcoin is the original and most popular cryptocurrency. However, there are loads of alternatives that are even easier and faster to use than Bitcoin.
Unfortunately, though there are hundreds of cryptos to choose from, the wrong investment could lose you money.
That’s why we’ve gone through some of the most popular options here. From advantages to disadvantages and their suitability for online casino gaming, read on for our expert opinion on each of the main cryptos available today.
Bitcoin / BTC – Most common at online casinos
If you know about cryptocurrencies, you’ve probably heard of Bitcoin. The original crypto has been a hot topic all over the world for the past half-decade after its remarkable price rise since it debuted in 2009.
Created anonymously by someone under the alias of Satoshi Nakamoto, Bitcoin was worth less than a cent when it launched. There’s been so much interest in the unique blockchain technology Nakamoto created that the price has risen tens of thousands of times in just over a decade.
There are only a certain number of Bitcoins available, with 21 million being the ultimate cap. This helped the value rise, as, unlike fiat currencies, nobody can just create more Bitcoins.
Although Bitcoin is the most popular and widely used crypto, it isn’t actually the most efficient or easiest to use. Because so many blockchain transactions happen with Bitcoin, the system can get clogged up – especially at peak times – and transactions can sometimes take ten minutes or so to confirm.
However, BTC transactions at online casinos are nearly always free, and they remain simple and anonymous, too. Plus, as it’s the most popular, you’ll find Bitcoin at all crypto casinos. Check out our Bitcoin casino guide for our rundown of the best sites for this OG crypto.