Which Cryptocurrency Should I Gamble with Online?
The very first cryptocurrency casinos may only have accepted Bitcoin, but there are now plenty of others joining in the fun. Bitcoin Cash, Ethereum, Litecoin, Dogecoin and Tether (USDT) can now regularly be used to bet at cryptocurrency casinos alongside Bitcoin. Which digital currency and altcoin is the most ideal for what purpose, though? It is time for us to find out…
For Security
If security is the main issue for you, then Ethereum is arguably the best option. Ethereum can use Smart Contracts to effectively cut out the middleman, and its heightened security features give it the edge over Bitcoin and its counterparts. However, there is always a transactional record on the Blockchain, and that is difficult to hide, so do not expect anonymity with any option you choose.
For Convenience
Cryptocurrencies are now available at many top online casinos. However, a good number of these sites only accept the primary options, such as Bitcoin. If you want to be guaranteed to play with a cryptocurrency, then Bitcoin is the one to go with. However, if you are not yet sure, we would recommend playing at www.bitcoincasino.io as that site accepts several, including all the options listed earlier.
For Gameplay
While casinos can accept various cryptocurrencies, they do not all allow you to play games with them. Some casino games just are not geared up to accept bets with Tether, for instance. As such, if you want to be sure that you can wager using cryptocurrencies, then Bitcoin and Ethereum are arguably the two best ones to go with.
For Simplicity
Cryptocurrencies can be tricky for newbies to grasp. Because of this, Bitcoin could be the best option to go with. For reasons of simplicity, there is a wealth of material out there that you can read on Bitcoin, making it ideal for newbies. That said, if mathematics is not your strong suit, you could struggle to understand the conversion rates between FIAT currencies and cryptocurrencies. In this case, Tether (USDT) is recommended, as each coin is theoretically linked to, and therefore, worth $1.
And the Winner Is?
Ultimately, there is not a single winner from the pack. Bitcoin is ideal for beginners, Ethereum is handy for crypto experts who demand security, and USDT/Tether is suitable for simplicity. However, do not discount Dogecoin if you are an investor. Litecoin and Bitcoin Cash also have reasons why they might be ideal for some and not others.
It is entirely down to you which cryptocurrency you choose to play with at online casinos. However, we would urge you to read more about each specific one listed above before deciding to commit to one over the other. Alternatively, head to the recommended casino listed above, as they not only accept several cryptocurrencies but actively allow you to chop and change between them at any time. Moreover, you can also use FIAT currencies and cryptocurrencies simultaneously at that casino.