What are Crypto?
Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service.
Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.
The Best Cryptocurrency for Online Crypto Casinos
The online casino industry is constantly evolving with thrilling, real-money slots being released daily. Along with this, there has also been an increase in the range of payment methods you can use to fund your online casino gameplay. Over the last few years, there has been a rise of cryptocurrency payment methods which led to the existence of crypto casinos. Nowadays, there are a number of cryptocurrencies to choose from. Take a look at the different crypto options available for online casino gameplay.
Bitcoin is the biggest cryptocurrency in the world accepted by a large number of online casinos. Some of the advantages of using it for online casino gameplay includes the fact that it is available nearly worldwide. Not only it is the most popular crypto option it is also trusted and readily available amongst crypto casinos.When using it as a payment method you will have double the security on payments as it comes with its own range of security features. You’ll have no trouble finding this cryptocurrency at the best Bitcoin casinos, and you’ll also find that it’s being accepted at regular online casinos too, meaning you can use it on Bitcoin slots, Bitcoin blackjack, Bitcoin roulette, Bitcoin poker and so on!
Ethereum blockchain app platform is considered to be the second stable alternative to the above. Its advanced technology is perfect for players who prefer to hide their personal and financial information. With Ethereum the creation of blockchain programs has become a lot easier which has in return sparked a revolution within the market. Thanks to Ethereum it has become easier to create currency in shorter time periods. This cryptocurrency is considered highly popular among players and will continue to rise in popularity as it is still making a lot of growth.
Monero is a cryptocurrency that provides complete anonymity with online transactions. The cryptocurrency was launched in 2014 and has become an important and favoured cryptocurrency in the past few years. User identities are protected by a ring of signatures and concealed addresses. In terms of safety and anonymity, this cryptocurrency is at the top of the list for online casino payments at crypto casinos.
Ripple serves as both a platform and a cryptocurrency and can be used for making large deposits or withdrawals at crypto casinos. One of the top reasons many players opt for this cryptocurrency is due to the versatility and variety it offers. Ripple is backed by banks throughout the world and serves as an exchange platform as well as a cryptocurrency. Ripple is available in online casinos across the globe and provides faster deposits and withdrawals than its alternatives.
Litecoin is known as an altcoin and has been a popular payment method used by online casino players since late 2011. This cryptocurrency bears a lot of similarities to the others, but has its own unique advantages. Funding your online casino account via Litecoin provides you with top-level security and anonymity. The payment method is used worldwide and all payments are processed speedily.
Dogecoin was initially referred to as a joke due to its logo sporting the famous Shiba Inu internet meme but quickly developed a huge following. Just like any other cryptocurrency, Dogecoin is a decentralised, peer-to-peer digital currency that functions through mining to form a blockchain. You can easily set up a Dogecoin wallet and start gambling at the best Dogecoin casinos. Dogecoin gambling works by buying the digital currency, getting them from a faucet or even contributing to their online community – you’re then free to spend your Dogecoin currency however way you wish.