Cryptocurrencies in gambling: not only bitcoins

Over the past few years, cryptocurrencies have become popular with both investors and ordinary people. Bitcoin is the most popular cryptocurrency, but there are many more digital currencies that are also accepted by financial institutions for payments. The use of cryptocurrencies is not limited to conventional transactions such as online purchases and investments, as an increasing number of online casinos are also accepting digital currencies. Today, more and more gaming companies are switching to these digital currencies for online gambling.

There was a time when players searched the internet for crypto casinos to use their digital currency for transactions. Today, realizing the popularity of these cryptocurrencies, more and more casinos offer the opportunity to use various cryptocurrencies to execute transactions. The blockchain technology that digital currencies are based on is not only safe and secure, but also gives players the option of not using their bank accounts and debit cards for online gaming. There are also many other benefits of using digital currency to complete transactions:

  • Low chances of fraud, since the transaction is digital and neither party can say it never happened;
  • Low fees associated with cryptocurrencies;
  • Payment is confirmed very quickly;
  • The player is not asked for any identity documents.

Today, more than 30,000 players make transactions using cryptocurrencies at online casinos every week. All a gamer needs to do is buy cryptocurrency and add it to a virtual cryptocurrency wallet. Now he is ready to make payments with this wallet in an online casino without facing any problems they might face when paying through banks.

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  • Bitcoin
  • Ethereum
  • Litecoin

Bitcoin

Without a doubt, Bitcoin is one of the most popular cryptocurrencies that iGamers use to play their favorite online casino games. This digital currency has gained a lot of respect and legitimacy since PayPal announced that it would be included in one of its products. Previously, Bitcoin was only seen as an investment vehicle. Today, gamers view it as a safe and reliable currency to maintain privacy when playing at online casinos. In addition, it is one of the cryptocurrencies that is widely accepted in online casinos around the world.

Ethereum

Ethereum is also a very popular cryptocurrency among gamers. Gamers liked this digital currency because it is not as controversial as Ripple, and also offers more functionality for owners. Ethereum is a very safe and reliable digital currency, the value of which is growing every day this year. The best feature iGamers love about Ethereum is the smart contract that enhances client security. Funds are not released until all conditions are met.

Litecoin

Also called simply LTC, it is another popular cryptocurrency among gamers. Many investors see him as a child of bitcoin with a lower price tag but with a lot of potential to replicate the success of bitcoin. Gamers love the speed of this digital currency, which completes transactions at lightning speed. Due to its speed, Litecoin has become one of the most beloved cryptocurrencies in iGamers. Another feature of Litecoin that gamers love is the low transaction fees associated with this digital currency.

There are dozens of cryptocurrencies in the world, and new ones appear every few months. While Bitcoin is still the most popular of these cryptocurrencies, many new digital currencies have caught the attention of players due to their security features. As new cryptocurrencies are being created specifically for use in online casinos, the future of these digital currencies looks bright.

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