What coins are the most popular in online casinos?

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As any cryptocurrency fan knows, there are hundreds of different coins alongside the big ones that everyone knows about. An increasing number of businesses are finally starting to realize that cryptocurrencies are the way of the future and have begun to accept them as payment. Online casinos are one of those industries.

The world of online casinos is crazy enough, with tons to choose from and new ones popping up all the time. Add in the crypto element and things get even more confusing. Many online casinos don’t accept any cryptocurrencies, some only except bitcoin, while others accept all the major coins. Using a cryptocasino guide like the one at dAppGambl.com, is a great way to cut through all the noise and get straight to the best casinos that accept cryptocurrencies.

Online casinos

Since the 2010s, online casinos have slowly been growing in popularity. That trend was accelerated by the Covid-19 pandemic and the rise of mobile gaming. As people have become more comfortable with socializing, shopping, reading, working, ordering food and doing just about everything else online, it makes sense that gambling would follow.

The best online casinos typically provide users with a number of ways to make deposits and withdrawals. There are generally more options for making deposits and the most popular include prepaid cards, credit cards, digital wallets and payment apps like PayPal. Recently, an increasing number of online casinos have begun to allow payments to be made with cryptocurrencies.

The most popular coins at online casinos

Only the biggest coins are usually accepted at online casinos. Here is a quick rundown of the most popular coins that players can currently use to make deposits at online casinos:

Bitcoin

Bitcoin was the first popular crypto and it remains the best known and most widely mined and traded today. Without the early success of Bitcoin, it is unlikely that the crypto market would have blossomed in the way that it has. Like any investment, Bitcoin has had its ups and downs, some of them major. However, it remains a solid investment and is not a scam like some coins.

Since Bitcoin is so well established, it makes sense that it would be the most widely accepted cryptocurrency. One of the perks of using Bitcoin at online casinos is that these transactions are usually processed instantly, so there is no delay in getting started playing. This is quite a change from the days of having to send a wire or bank transfer, which could take up to a week to be processed.

Ethereum

Ethereum is another of the early cryptocurrencies that has managed to hang on and remain a big player in the crypto game. Though not quite as well-known as Bitcoin, Ethereum also hasn’t had quite the same dramatic drops as its rival either.

The coin has been in the news the last few years because it is the marketplace where the majority of NFT transactions take place, a fact which has given the coin a major boost. Ethereum has also begun working to decrease the environmental impact that the coin has, moving from proof of work to proof of stake.

Like all crypto, Ethereum is secure thanks to its use of blockchain technology. This makes it an ideal currency for spending at online casinos since it can be traced and tracked. One other thing to consider is that the deposit limit for cryptocurrencies is typically higher than other forms of payment since it is so new and so volatile.

Litecoin

Litecoin is another currency that has been around since the early days of crypto. It is incredibly similar to Bitcoin since it was designed using the same code. While it is one of the biggest coins on the market, it doesn’t have the same notoriety and name recognition that Bitcoin and Ethereum do. 

One of the few differences between Litecoin and Bitcoin is the speed at which a transaction can be made and processed. Litecoin transactions can be confirmed an average of four times faster than Bitcoin transactions can be. This makes it ideal for making deposits at a mobile casino while you’re on the go. Again, however, since it is not as widely known it isn’t as widely accepted.

Other commonly accepted cryptocurrencies include Dogecoin, Ripple, Monero and Tether. Playing at online casinos with cryptocurrencies is a great way to ensure that your deposit is secure. We can’t wait to see how the market expands in the coming years as crypto becomes even more mainstream.


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