Cryptocurrency and online gambling go hand-in-hand these days. As crypto grows more mainstream, gambling sites like Ricky Casino Australia are jumping to accept digital coins and tokens as deposits and withdrawals. Gamblers enjoy the fast transactions, privacy, and security of crypto payments.
But with over 10,000 different cryptocurrencies in existence, which one comes out on top for gambling? I’ve researched the leading online casinos and sportsbooks to determine the top 5 cryptos used for betting and gaming transactions. Read on to discover them.
As the first and largest cryptocurrency, Bitcoin was an obvious first choice for gambling sites. BTC paved the way for crypto gambling when operators started accepting it back in 2014.
Nearly all leading online gambling destinations now welcome Bitcoin deposits and payouts. Gamblers appreciate BTC for its name recognition, liquidity, and constantly fluctuating value that adds an extra dimension of excitement.
While Bitcoin transaction fees and wait times used to be issues, improvements to the network have made Bitcoin gambling seamless. BTC remains on top as the most popular crypto for betting.
As the second-largest cryptocurrency behind Bitcoin, Ethereum has also earned widespread adoption at online casinos and sportsbooks. Its smart contract capabilities have enabled the creation of gambling DApps on Ethereum as well.
ETH shares many of the same appeals as BTC – a household name crypto with excellent liquidity. Ethereum transaction times beat Bitcoin hands down, with most ETH gambling payments processed in under 5 minutes.
Like BTC, Ethereum has valuable brand name recognition from both crypto and mainstream users. That’s why ETH is accepted just about anywhere Bitcoin is, making it a top choice for gambling deposits and cash outs.
Tether is unique among the major cryptos – as a stablecoin designed to hold steady value pegged to the US dollar. One USDT token always equals $1 USD.
This stable value makes Tether popular for crypto gamblers looking to hedge against Bitcoin/Ethereum volatility risk. USDT offers the speed and privacy of crypto payments while safeguarding your bankroll balance.
Many sites even allow players to switch between USDT and other cryptos without any conversion fees. Tether brings worthwhile stability to the notoriously volatile crypto gambling space.
One of the first altcoins behind Bitcoin, Litecoin was created specifically for fast, affordable blockchain transactions. That key vision makes LTC an ideal cryptocurrency for gambling purposes.
Litecoin offers faster confirmation times than either Bitcoin or Ethereum – most LTC gambling deposits process in under 2 minutes. Network transaction fees are negligible at a fraction of a cent as well.
These fast and cheap qualities have positioned Litecoin as a leading crypto for gambling deposits/withdrawals. LTC also enjoys excellent brand recognition alongside BTC and ETH as a reputable name in crypto.
No list of gambling cryptocurrencies would be complete without the incredible rise of Dogecoin. What started as a joke/meme coin has morphed into one of the most prominent cryptos used for aviator game online.
Dogecoin provides a fun, friendly appeal for casino gamblers who don’t take things overly seriously. The low price and abundant supply also make DOGE deposits highly affordable.
Add the strong community around DOGE, and it’s clear why this coin has become a top-ten market cap cryptocurrency. More gambling sites are riding the Dogecoin bandwagon every month as well.
The Takeaway on Crypto Gambling Coins
While hundreds of cryptos are now available, the top options clearly rise above the pack when it comes to gambling usage and adoption. Bitcoin and Ethereum lead the way based on universal appeal and name recognition.
Fast-emerging stables like Tether provide gamblers with volatility protection compared to traditional crypto. And altcoins like Litecoin and Dogecoin fill niches for speedy, high-value transactions that many bettors are seeking.
These top cryptocurrencies have separate benefits but share common useful traits for gambling transactions: fast payouts, minimal fees, privacy, and industry-wide acceptance. As crypto gambling grows, expect these major coins to dominate the space for the foreseeable future.
Top Cryptocurrencies for Online Gambling
Cryptocurrency and online gambling continue to have a fruitful, symbiotic relationship that shows no signs of slowing. There’s no doubt the top crypto coins provide advantages that fiat currencies can’t match in terms of transaction efficiency.
Of course, remember to gamble responsibly – never bet more than you can afford to lose, even with crypto! But by sticking to reputable gambling operators and leveraging the major digital currencies covered here, you can have a head start on success.