The number of online casinos accepting cryptocurrencies is growing rapidly. Surprisingly, crypto gambling sites are not a new thing. The industry has been accepting Bitcoin since 2013.
Over the years, casino sites have embraced cryptocurrencies and Blockchain—the decentralized ledger that powers all major coins. Casinos love crypto because it exposes them to a new customer base.
However, they don’t accept every cryptocurrency out there. Below are the most popular digital currencies for online casino payments.
#1: Bitcoin
Bitcoin is the granddaddy of all cryptocurrencies. It was created in 2009 by Satoshi Nakamoto—a person who chose to remain anonymous.
Although it faced countless challenges in the beginning, Bitcoin defied all odds. It appreciated by over 15,000% within a decade. At the time of writing, BTC is worth $29,000, nearly half of its all-time high price.
Most casinos support Bitcoin because it’s the most recognizable cryptocurrency. But why should you use it as a player? For starters, finding BTC casinos is straightforward. Secondly, it’s fast and reliable.
If you like crypto and own Bitcoin, using your funds to deposit money at an online casino will be easy. If you’ve never been involved with crypto, Bitcoin is also the best coin to use. After you learn how Bitcoin works, you can try out these other coins:
#2: Ethereum
Ethereum is the second most popular cryptocurrency by both market capitalization and popularity. It commands 19% of the industry’s market share. The digital currency launched in 2015 thanks to efforts by Vitalik Buterin, Gavin Wood, and Charles Hoskinson.
One of the reasons Ethereum is so popular is that it doesn’t entirely imitate Bitcoin. Sure, it’s a cryptocurrency built on a blockchain. But it’s faster and can handle more transactions.
More importantly, Ethereum is an ecosystem through which developers can create decentralized apps. Nearly 3000 projects run on the Ethereum network, which is why some people think it could one day become bigger than Bitcoin.t
That being said, Ethereum is an excellent choice for casino deposits. Its only problem is that fees can be extremely high sometimes.
#3: Polygon
Polygon is a scaling solution built on the Ethereum network. It’s a sidechain built to solve one of Ethereum’s biggest problems: high fees. Ethereum charges high fees because its blockchain is always packed with payment verification requests.
Polygon acts on the side to verify these transactions quickly. It does this at a lower fee, making it one of the most important crypto projects to date. For clarity, Polygon’s cryptocurrency is called Matic, which is why the cryptocurrency is often called Polygon Matic.
Who should use Polygon for casino payments? If you like Ethereum but hate its obnoxiously high gas fees, look for reliable Polygon casinos. Choose a site that welcomes you with a bonus. Also, ensure it provides your favorite games.
#4: Bitcoin Cash
Back when Bitcoin was growing at an astronomical rate, the community faced a major problem. BTC was becoming slow and expensive. As a solution, some developers forked a new cryptocurrency from the Bitcoin network. The developers called this cryptocurrency Bitcoin Cash (BCH).
For the uninitiated, forking means splitting a blockchain into two. Developers can change code in the BTC network to create a new cryptocurrency. But for this to work, they have to agree on the forking.
Bitcoin Cash is a lot faster and much cheaper than Bitcoin. It processes 100 payments every second. Bitcoin handles seven transactions in the same amount of time. When it comes to fees, BCH costs an average of $.20 per payment.
This makes the cryptocurrency an excellent alternative to BTC. It’s one of the most supported coins at online casinos. As such, use it if you want to save money and send crypto funds quickly.
#5: USDT
USDT is the third most popular cryptocurrency in the world. It’s tethered to the US dollar, meaning it does not fluctuate in value like many cryptocurrencies. If you dislike crypto coins because their prices can be unstable, you will love USDT.
You could hold it into your crypto wallet for a year and its value won’t change. This makes it great for making payments to online casinos and other businesses. You can also use it to hold your funds when other cryptocurrencies are crashing.
Another reason to buy USDT is if you’re a day trader. It can help you can get a good grip on how much different coins cost compared to the US dollar.
With that in mind, USDT isn’t the right coin for you if you want to make money by holding crypto long-term. It doesn’t gain value, meaning it can’t make you any money in the long haul.
#6: DogeCoin
Elon Musk loves this cryptocurrency. He’s touted making it an acceptable payment method at Tesla. He’s always talking about it on X.com. And whenever he tweets about the cryptocurrency, its price pumps.
Interestingly, DogeCoin is a meme. It’s a joke of a cryptocurrency started to show people will invest in virtually any new coin. That means it has no use case and its price is fully dependent on supply and demand.
Although Doge is a meme coin, it’s incredibly popular. It ranks seventh among coins with the highest market capitalization. Due to that, lots of online casinos will gladly accept your Doge Coins for deposits.
If you’re not a big fan of Doge, consider checking out Shiba Coin. It’s yet another meme coin with a huge fan base. It’s also an acceptable means of payment at some online casinos.
#7: Litecoin
Litecoin is yet another cryptocurrency forked from the Bitcoin network. It’s one of the oldest digital currencies, having launched in 2011. Charles Lee, a former Google engineer, created Litecoin to improve Bitcoin’s scalability and lower its fees.
Between 2011 and 2015, Litecoin was arguably the second most popular cryptocurrency in the world. It only lost its popularity after the launch of Ethereum and other altcoins.
Should you use Litecoin for casino payments? If you own LTC coins, there’s no need to convert them into BTC or ETH. Many crypto casinos accept Litecoin for payments.
