Hot Features
Premium
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
Unless you have been living under a rock for a while, you must have heard about cryptocurrencies and maybe even crypto casinos by now. With most cryptocurrencies significantly up in price compared to a few years ago, it might be the case that you have some serious dough sitting in your crypto wallets. Well, then we have good news because nowadays you can play at online casinos with most of these cryptos. In this article, we will discuss which cryptocurrencies you can use to play your favorite online casino games and talk about the pros and cons of each one of them.
Bitcoin
The most famous cryptocurrency of them all, straight from Satoshi himself, is Bitcoin. Almost all online casinos that accept cryptocurrency deposits accept Bitcoin. As a single Bitcoin is quite valuable nowadays, these online casinos will display your balance in MBTC (1/1000 BTC) or μBTC or Microbits, which are 1/1000 of an MBTC. Most often these casinos will show your balance converted to EUR, GBP, or USD as well, so you don’t get too confused betting all these Satoshis.
Tether (USDT)
For people who like to gamble with cryptocurrencies because of the perks of doing so (think of the added level of security and the anonymity that comes with it), gambling with Tether or USDT can be quite handy. When you gamble with Tether, you don’t have the hassle of converting Satoshis, and it’s basically just the same as playing with USD, but then with USDT. There are even crypto casinos that offer free spins no wagering, no deposit, and deposit bonuses for depositing in USDT. The only downside we have come across at most crypto casinos that accept USDT, is that in most cases you cannot withdraw the USDT, but fiat money only. There are some exceptions to this rule, though.
DogeCoin
Even the most prominent dog-themed meme coin can be used in several crypto casinos nowadays. There are also ‘regular’ online casinos that allow cryptocurrency payments with sometimes Dogecoin being one of them. At these casinos, you have to say goodbye to your beloved DOGE coins though, as they will be converted to fiat currency as soon as you deposit them. You can check out the latest UK casino offers to find out which online casinos accept cryptocurrency deposits, or more specifically, Dogecoin deposits.
Litecoin
Litecoin is the most well-known cryptocurrency apart from Bitcoin. Charlie Lee founded it in 2013 and wanted to improve Bitcoin’s algorithm. Nowadays Litecoin is still quite popular and most online casinos that accept Bitcoin deposits also accept Litecoin as a deposit method. As a Litecoin is worth +-$100 at the time of writing, it’s easier to keep track of how much you are gambling. For this reason alone, some people prefer to gamble with Litecoin rather than Bitcoin.
Ethereum
With DeFi, NFTs, and the Metaverse becoming increasingly more popular, some online casinos decided to accept Ethereum deposits as well apart from just Bitcoin. There are even unique DeFi casinos where you can only deposit Ethereum and other ERC-20 tokens in a bit of an Etherdelta style. At these online casinos you basically just play casino games straight from your Ethereum wallet, without having to register or fill in any personal details. The cool thing is that all bets are being paid out instantly to your wallet and there’s no need to request a withdrawal or anything. Just be sure to play with a legitimate Ethereum casino and that you don’t accidentally give it access to your private Ethereum wallet.
Ripple’s XRP
We named it Ripple’s XRP here because the token you can deposit at some crypto casinos is an XRP token and not a Ripple, as many people would call it. Ripple Labs Inc. is the company behind this ‘’banker’’ token that’s worth just under a dollar each. Most gamblers that play with cryptocurrency at online casinos actually prefer XRP because of its transaction speed and easy denomination in fiat currencies.
Terra (Luna)
Despite Terra being one of the newer cryptocurrencies, only having launched in 2018, it is becoming a very popular cryptocurrency to use as a deposit method at crypto casinos. At the moment of writing, there are over 20 of the world’s best cryptocurrency casinos that all accept Terra as a deposit method. We mustn’t forget that Terra was created by the Terra Alliance. This alliance consists of 15 gigantic Asian companies that process over 25 billion dollars in transactions yearly. For this reason, won’t be surprised if Terra becomes the second most accepted cryptocurrency at crypto casinos by the end of the year.
Conclusion
We have talked about the 7 most used cryptocurrencies in online casinos and discussed the pros and cons of doing so. Note that there are more cryptocurrencies that can be used in online casinos, especially DeFi casinos, but that the ones mentioned in this article are just the most commonly accepted ones.
