When Satoshi created Bitcoin in 2009, it didn’t take long before some clever individuals began exploring its use for online gambling. In the new age of DeFi (decentralized finance) more and more online casinos are finding ways to integrate crypto deposit methods into their sites. Amongst all the existing coins today, many cryptocurrencies such as Bitcoin, Ethereum, and BNB have gained popularity in the gambling industry, and many users are choosing to use them for their safety, privacy, and security features.
In this article, you can explore some of the best coins available for online casinos, and why they work. The chart shows 10 of the most widely accepted coins currently in demand for online casinos, based on their most sought-after features that make them unique for enjoying the thrilling games online casinos have to offer.
Security– How much the organization ensures they are taking precautions to secure transactions, meaning all information systems that store, accept, or transact with cryptocurrencies, and remain compliant with the CryptoCurrency Security Standard (CCSS).
Privacy – How untraceable and un-linkable is each transaction. Untraceable means observers cannot tell who sent a transaction to a specific recipient, while un-linkable means that observers cannot tell whether or not any two transactions were sent to the same source.
Fast Transaction– The ability to instantly process transactions through the blockchain regardless of the amount of other transactions being processed simultaneously.
Low Fees/Affordability – This is one is pretty self explanatory. Some coins are costly to buy, in contrast to other currencies that are cheaper, which will come with the lowest cost per transaction made to purchase each coin and make deposits.
Accessibility – The ability to purchase the coin from different exchanges. Some coins are listed on more exchanges than others. Also, some countries don’t allow access to exchanges in general.
Popularity – This refers to how many places currently accept this particular coin, particularly in the online casino industry. Keep in mind this can always change.
Stability – How volatile a coins price is. Some coins like Tether are called “stable coins” and maintain a stable value where the price is designed to be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities. As to where most other coins have higher volatility.
Storing – How many wallet options are available for each coin. Each coins have particular wallets that store their currency.
So Which Coin Is For You?
Based on these different features, you can easily determine which coin is best for you to start placing bets online. You can decide the best coin to play depending on which factors matter to you the most:
★ Are you a player looking for more security or popularity? Then Bitcoin or Ethereum might be the better option.
★ Do you like a coin with stability that wont loose its value? Then look into Tether.
★ Do you want privacy? Monero is the most untraceable.
Unlike fiat currency, with crypto there are many more options based on which features are important to you.
After deciding which coin best fits your needs, then you can determine where to play by searching an online casino that offer different coins and good bonuses. A casino such as Cryptoslots, currently offers most of these coins as an option to play, and have trustworthy reviews.
You can place your first crypto-bet at their casino today with this special 145% bonus code: CRYPTO145. Try it today then let us know in the comments below what your experience was like!