Online casinos have thoroughly improved throughout the years. As more and more players adopt crypto, online casino owners have realized that the number of crypto users is also fast growing. Slowly, online casinos have adapted to the use of crypto and have already included them in the roster of their accepted payment methods.
Although not all online casinos have accepted crypto as a form of payment, there are already countless ones who do. As crypto had been accepted as a payment method, it is quite undeniable that most of them just started by just accepting Bitcoin at first. Slowly, more and more sites have adapted to the use of this digital asset.
Crypto functions just like any other payment. Once deposited in your account, you can use it to play your favourite online slot games and table games. Playing with crypto does not have any difference when it comes to the games.
With tons of amazing bonuses that it has in store for its users, players can only be assured that the crypto coins in their wallets will also have them enjoy the same luxury of playing in online casinos. Since many sites are starting to accept crypto, here are some of its most popular forms which are being accepted as payment methods.
Invented in 2008 by the pseudonymous Satoshi Nakamoto, Bitcoin grew to be the successful peer-to-peer network it had aimed to be. As a pioneer of digital cash, this was considered widely as the most credible type of cryptocurrency.
With the help of blockchain technology that functions as a ledger, each BTC is stored and exchanged with the help of the internet. All of these are then recorded on the blocks that can be found on the blockchain.
Another thing that makes BTC popular is its value. As of writing, its value is $18,409.
Another popular form of crypto is Ethereum. With the help of its own blockchain, Ethereum makes use of its own currency called Ether. Although it may share lots of similarities with BTC, ETH ensures that they are unique compared to the other one.
With that, one of their most notable features is that they make use of smart contracts which ensure that certain conditions are met before a transaction gets verified. Although it may seem a little bit challenging, what people love about ETH is that it also makes fast transactions.
Ripple is another accepted crypto payment when it comes to online casinos. Although it may be decentralized, what makes Ripple unique is the fact that it can easily be used for exchanges in dollars and in euros. Despite its ability to work with banks and other financial institutions, XRP remains uncontrolled.
Aside from that, they were also built to be used for fast transactions. Their fast transactions may be completed in as little as four seconds. They are also highly scalable. In fact, they can handle about 15,000 transactions per second which is more than the capability of other cryptos.
Introduced in 2011, Litecoin has widely grown to be an impressive alternative to BTC. Although its value may not be as high as that of BTC’s, it has still grown at an almost similar rate. It also has the basic features of other cryptos — open source, efficient, and decentralized.
Still, it made sure that it will stand out compared to other forms. With that, they are proud to have easier algorithms that make mining much easier. Aside from that, they also have a supply of 84 million LTCs compared to BTC which only has 21 million.
Bitcoin Cash (BCH)
Despite having Bitcoin in its name, Bitcoin Cash shows a lot of difference compared to where it had been forked from. The developers of this crypto have in fact made sure that they will be able to improve the current features of BTC, especially its block size.
Whereas the block size of BTC can only manage 1MB of transactions, BCH can handle up to 8MB. With that, they can have faster transactions as they will be able to verify more at the same time.
Overall, making use of crypto in only casinos will be a nice way for you to play your favourite online slot games and table games. With the convenience and ease that crypto provides its users, you will definitely be guaranteed that your gaming experience will definitely be smoother.
Regardless of what form of crypto you wish to use, what you will be able to enjoy are faster transactions, more freedom, and lesser transaction fees. That way, you can focus more on your gaming experience and not the fees that you may have to shoulder in online casinos when you travel across different places in the world.