#UkrainianWar#NoFlyZone #StopRussianAggression #RussiaInvadedUkraineSupport the Armed Forces of Ukraine
EGamersWorld/Blog/Bitcoin: Is it Still the Best Cryptocurrency to Use at Online Casinos?

Bitcoin: Is it Still the Best Cryptocurrency to Use at Online Casinos?

Denne artikkelen er tilgjengelig på følgende språk
Bitcoin: Is it Still the Best Cryptocurrency to Use at Online Casinos?

It’s clear that Bitcoin dominates the crypto casino scene—so much so that crypto casinos are often called Bitcoin casinos. However, we’ve been able to use these digital currencies at gambling sites for many years now, which made me wonder if Bitcoin is still the best option among all cryptos. Are we just stuck in a rut, using BTC simply because it's the most commonly used, or are there better options out there that are more suited to casino gaming?

Personally, I’ve been switching between a few different cryptocurrencies recently, and there are quite a few that I believe are right up there with Bitcoin. I decided to take a look at some of the other contenders to see if we’re better off using those instead of the highly volatile and comparatively slow Bitcoin.

Bitcoin (BTC) - The OG of Crypto and Crypto Casino Gaming

Before I look into the benefits and disadvantages of some of the others, let’s get a baseline of what we have to compare them to with Bitcoin.

Bitcoin is obviously the top dog, as bets made using BTC accounted for over 58% of all crypto bets placed in Q4 of 2023. However, to show how trends are changing, that is a decline of 9.4% from the same period the year before.

Reasons to Use Bitcoin (BTC) for Casino Betting

  • It is the most popular cryptocurrency for casino transactions.
  • Many partner websites that offer demo slots regularly get exclusive BTC welcome bonus offers.
  • It has some of the lowest transaction fees.
  • Bitcoin is relatively quick, with transactions taking 10 minutes on average.

Ethereum (ETH) - Faster But More Expensive

Ethereum is known as the biggest contender to Bitcoin, which is evidenced in mainstream real-world use just as much as it is in casino gambling. 17.2% of crypto casino deposits were made using ETH during the previously mentioned reporting period.

I’ve used ETH on numerous occasions and find it blasts BTC out of the water in terms of transaction times but has high network fees.

Reasons to Use Ethereum (ETH) for Casino betting

  • As mentioned, transactions are lightning quick, often taking less than a minute to complete.
  • For faster transactions, you pay a lot more in network fees (gas fees).
  • While volatile, ETH is slightly more stable than BTC.

Litecoin (LTC) - A Compromise Between the Two?

The main thing that goes against Litecoin is that it’s far less known than BTC or ETH, and for that reason, it’s not used nearly as much as I believe it should. The cryptocurrency still accounted for 12.3% of all crypto bets placed in Q4 of 2023, however.

Litecoin boasts super-fast transaction times, and relatively low fees (especially compared to ETH), so perhaps LTC is a good compromise between the two.

Reasons to Use Litecoin (LTC)

  • LTC transactions take around 2.5 minutes to complete.
  • Using LTC costs 20 times less in transaction fees than ETH.

Dogecoin (DOGE) - The Unseen Crypto Casino Giants?

You’ve probably noticed a trend here, but the lesser-known the cryptocurrency, the bigger the benefits they seem to have for crypto casino gaming. Just 5% of crypto bets were placed using DOGE, but in terms of speed and cost, it's the best so far.

Ikke gå glipp av nyheter og oppdateringer om esport! Registrer deg og motta ukentlig artikkeloversikt!
Registrer deg

Reasons to Use Dogecoin (DOGE)

  • Has similar (if not better) transaction speeds than ETH with most completed within a minute.
  • The Blockchain fees involved in sending $50 worth of DOGE would cost less than a tenth of a penny.

Stick with What You Know or Twist for Better?

I get it, Bitcoin is where the cryptocurrency world began, but sometimes I think we’re blinded by loyalty, familiarity, or even fear when it comes to crypto. The above are just a handful of the more common cryptocurrencies we can use at online casinos, and there’s an argument that all are a better option than BTC. If you’re not convinced, try a few out for yourselves. I think you’ll be surprised at the savings you could make in both transactions and time costs.

Elen
Elen Stelmakh

Elen Stelmakh er en kreativ person som er opptatt av å fremme spillkulturen gjennom artikler og visuell design. Som heltidsansatt EGamersWorld-forfatter og designer for et spillnettsted skaper Elen ikke bare innhold, men tilfører det også energi og kreativitet.

Les nå
Innflytelse av kryptovaluta og blokkjede på spillindustrienInnflytelse av kryptovaluta og blokkjede på spillindustrienModerne spillplattformer integrerer aktivt kryptovaluta- og blokkjedeteknologier, noe som fører til betydelige endringer i bransjen.Elen
Siste artikler
Etter Star Wars eller når starter den nye Fortnite-sesongen?Etter Star Wars eller når starter den nye Fortnite-sesongen?Den nye Fortnite-sesongen lanseres 7. juni, rett etter Star Wars-finalearrangementet! Forvent nytt innhold, nye temaer og en fullstendig tilbakestilling av kartet senere den dagen.vitaliiDothers
De beste klassene i Elden Ring: Nightreign - Full guideDe beste klassene i Elden Ring: Nightreign - Full guideBeste Elden Ring: Nightreign-klasseguide. Sammenlign Raider, Guardian, Executor, Ironeye og Wylder for å finne din perfekte klasse for solo- eller samarbeidsløp.Chillplay
Hvordan handle planter og frø i Grow A GardenHvordan handle planter og frø i Grow A GardenFull guide til hvordan du handler planter og frø i Roblox Grow a Garden.Dima Ostapchuk
Yunaras evner lekket - alt vi vet så langtYunaras evner lekket - alt vi vet så langtMøt Yunara - League of Legends nyeste ADC. Evner, bakgrunnshistorie, spillrolle og alt vi vet før hun slippes.Chillplaylol
Vi bruker informasjonskapsler for å gi innhold og annonser et personlig preg, for å levere sosiale mediefunksjoner og for å analysere trafikken vår.
Tilpass
OK