Top cryptocurrencies used in online casinos

Did you know that you can use crypto to play online casino games? It has become one of the most popular methods as it offers benefits such as faster transaction speeds, lower costs, and enhanced security. When choosing which coin is the best to play with, you have several options to consider.

The best online crypto casinos offer a wide range of coins to cater different preferences of bettors. Some are just more popular than others. Here are some of the most accepted cryptocurrencies:

Bitcoin

Bitcoin (BTC) is the top crypto as it has the largest market value. It is known for its low transaction fees, peer-to-peer transactions, and fast confirmation times. BTC is an ideal choice when it comes to online casino gaming.

Even though it is widely accepted, most online crypto casino sites don’t use a full Bitcoin per bet. Instead, they take smaller amounts like mBTC (0.001 BTC) and μBTC (0.000001 BTC).

Ethereum

Ethereum (ETH) is one of the most traded coins in the world. Recognised as one of the world’s leading blockchains, one of the reasons for its popularity is that it is spearheading the development of Web 3.0. Aside from this, ETH uses smart contracts which makes every transaction more convenient.

Its blockchain tech allows crypto casinos to add more decentralised games and betting mechanics. With these, many betting sites don’t forego the chance of being part of its network by including it as one of the top assets for playing crypto casino games.

Tether

The volatility of crypto is what makes them appealing for trading. However, that same volatility is also what makes it hard for it to be globally adopted. With this, stablecoins like Tether (USDT) address this issue by pegging its value to the US dollar. Its stability has helped USDT become one of the most popular stablecoins behind BTC and ETH.

The USD Coin (USDC) is considered a direct competitor or USDT. Some say it is better because its issuer is more open about how it works. However, USDT is still preferred because it has a higher trading volume and is more liquid. That’s why more crypto sites accept USDT than USDC.

Dogecoin

What started as a Shiba Inu internet meme has become one of the most popular crypto assets today. Dogecoin (DOGE) is a top choice for those who prefer low-stakes betting. This is because it is much cheaper than BTC. You can easily buy a bulk of it for just ¥10 to ¥12 per coin on any exchange.

It’s easy for betting sites to accept DOGE since its technology is similar to Bitcoin’s. However, DOGE isn’t as valuable as BTC and isn’t expected to become more valuable over time. The main advantage of DOGE is its large fan base, which keeps its trading volume high and makes investors confident in using it.

Ripple

Ripple (XRP) is one of the more affordable cryptocurrencies you can use as a mode of payment at crypto casinos. It’s accessible and versatile which makes it a great option for new crypto users.

XRP is also popular in Japan with foreign exchange (Forex) investors. Financial institutions use it for international money transfers because it makes the process simpler and cheaper than fiat. Individual traders also like holding XRP because its price fluctuates, which can be good for online casino gaming.

Top games to play with crypto

It is common for the best online crypto casinos to offer thousands of games. However, this can be overwhelming, especially for new players. With this, it is best to start with some beginner-friendly options.

Here are some casino games to start out with:

• Baccarat: In this fast-paced game, you bet on whether the player or the banker will have a hand closer to 9. You can also bet on a tie, which pays out at 8:1 or 9:1 odds. It’s easy to learn and has different variations with side bets.
• Roulette: This game has quick rounds but has more betting options. You can bet on individual numbers, groups of numbers, or red/black. Payouts range from 1:1 to 35:1, depending on the odds of your bet.
• Poker: There are many poker variants like Texas Hold’em and Side Bet City but all of them center around winning hand hierarchy. The goal is to make the best possible poker hand. Some games have you betting against the dealer, while others just require the best hand. Payouts are based on your hand’s ranking.

Playing crypto casino games is fun on its own. Winning crypto is just an added bonus. To improve your winning odds, there are tons of betting strategies you can look up online. Some of the most popular ones are the Martingale and Labouchere methods. These can help turn betting into a great way to earn crypto, on top of mining and trading assets.