The world of online casinos is booming with the addition of digital coins that allow players to make easy deposits and withdrawals. Almost all popular online casinos are investing in crypto these days, and the reason for this is obvious. They allow anonymous transactions, are easy to use, and offer a wide variety of options. Best of all, they are secure, with all transactions being recorded on a ledger that is impossible to tamper with.
For the longest time, the only popular cryptos, Bitcoin and Ethereum, were the only ones available in online casinos. They were a gamechanger in the industry providing transactions that players have never experienced before, with perks such as fast speeds and high deposit limits.
However, new cryptocurrencies came up and even though they weren’t as famous, their advantages couldn’t be undermined. In fact, some of the top casino websites now offer more than 10 crypto options to transact with. Besides Bitcon and Ethereum, maybe it’s time to take a step back and consider other options that are worth giving a try.
Even though we’ve mentioned there are several cryptocurrencies you can opt for, we’ll look at the top five that you can find in almost any crypto casino. From Monero to Stellar, here are other coins that you can consider.
Previously known as ‘BitMonero’, Monero was founded in 2014. It was among the multiple altcoins that emerged after the popularization of crypto, striving to make payments easier. Its main selling point is its ability to keep transactions private and anonymous. In fact, while Bitcoin records all payments on a public registry, Monero transactions are completely confidential and untraceable. In addition to this, the coin facilitates fast transactions and has low fees.
- Binance Coin
Binance Coin is yet another underrated crypto that you can use to make quick online casino payments. There is a limited supply of 200 million tokens which the Binance crypto exchange issues under the symbol ‘BNB’. Like most other cryptos, some of this coin’s pros include offering fast transactions with low fees. But perhaps the most notable benefit of using the Binance Coin is that users can get discounts when trading it on the Binance exchange platform.
If you frequently use crypto to make online casino payments, you’ve probably heard of smart contracts. For those who aren’t familiar, this is the technology that allows transactions to be automated, and while it’s difficult to implement, Chainlink has got you covered. This coin runs on a network of blockchain oracles, or data providers, that help smart contracts understand external data. Some of the benefits of this technology are efficiency as contract execution is sped up, as well as the accuracy that comes with automation.
Released in 2018, Uniswap is among the newer exchange platforms built on the Ethereum blockchain. It has its token, denoted as UNI, which you can buy and use for online gaming. The good thing about this coin is, thanks to its high availability, you don’t only need to use the Uniswap exchange to make casino payments. Casinos will allow you to make transactions using UNI from any big name exchange, including Coinbase, Kraken, and Binance.
Stellar was created as a branch of the Ripple system in 2014. After this, cryptocurrency exchanges started listing the coin in 2017 as the XLM token, causing its value to skyrocket from $0.002 to $0.87 within the year. Since then, more and more people have been interested in this altcoin, which is why you’ll find it listed in most crypto casinos. Its main benefits include fast transactions lasting from 2-5 seconds and a small base transaction fee of around 0.00001XLM.
Why Go For These Cryptos?
Now that you have a good selection of cryptos for online gaming, all that’s left is to weigh your options and choose one that suits you most. The good thing is all of the coins listed above offer top-level security, anonymity, speed, and efficiency. Though they aren’t as popular as Bitcoin or Ethereum, you’ll find them in most online casinos, and they’ll guarantee you a much more convenient transaction.
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