Best cryptocurrencies to use in online casinos besides Bitcoin
When we talk about playing casino games at crypto casinos, it is difficult to compete with Bitcoin as the most popular cryptocurrency for deposits and withdrawals. However, Bitcoin and BTC casino bonuses are not the best in cryptogambling as there are various other altcoins that may suit your needs better. Today we are going to talk about other popular gambling cryptocurrencies other than Bitcoin and see what they offer.
Litecoin
We start with Litecoin or LTC. While Litecoin is based on the same blockchain as Bitcoin, there are a few differences that may suit you better. As the name suggests, Litecoin is essentially Bitcoin-lite. It operates on a much smaller scale than Bitcoin and stands out greatly in market capitalization and the total dollar market value of coins created. Where Bitcoin operates at a good crypto-to-dollar rate, Litecoin has a much smaller capacity. This may suit those who think BTC values are too high.
Furthermore, due to this large value, Litecoin can have a much larger number of coins than Bitcoin. Essentially, this increases the distribution factor where there are more Litecoin tokens to be had for users globally. Litecoin can hold 84 million coins, while Bitcoin can only hold 21. Most importantly, Litecoins are generated faster and in larger quantities, but Bitcoins are worth more. Weighing these factors can help you decide what is best for your casino needs.
Dogecoin
If you enjoy some comic relief and a sense of community where you can find others with a similar sense of humor, then Dogecoin is a great altcoin for you. It was created as a parody of Bitcoin and has stood the test of time as a reliable cryptocurrency. It is quite similar on many fronts to Bitcoin, but it is a much faster cryptocurrency to use in online casinos. Furthermore, when it comes to block confirmation, Bitcoin takes around 10 minutes while Dogecoin only takes 1.
Also, unlike Bitcoin, there is an unlimited number of Dogecoins that can be issued to users. Although it is important to say that only 5 billion can be issued each year. Overall, Dogecoin is a lighter option with a smaller value and a great community behind it. You can find excellent support for all inquiries on their forums, which is not the case for every cryptocurrency.
Ethereum
Ethereum or ETC is one of the most popular alternatives to Bitcoin and has a lot of potential. It makes it possible to build and distribute smart contracts, decentralized applications and, among other things, cryptocasino gaming. The main difference between Ether and Bitcoin lies in the fact that Bitcoin was created as an alternative to national currencies. However, Ether was intended as a tool to facilitate digital contracts and applications via a global virtual machine. Therefore, they differ in medium of exchange and store of value.
So if you’re wondering if you should buy one or the other, know that Ether has many different uses. If you are someone who uses a lot of smart contracts and dApps, Ether might be for you.
Ripple
In the case of Ripple, instead of using the standard mining idea of the blockchain, their network uses a new distribution system to validate transactions. These transactions are validated by conducting a poll for participating nodes. This way, your transactions are almost instantaneous without having to be verified by a central authority.
Besides speed, Ripple is also cheaper. Although it has a smaller value, the transaction fees are proportionately less when you use it for online casino games. That said, Ripple is rarely available as a payment method for online casinos, as Bitcoin is much more popular. So if you want to use Ripple instead of Bitcoin, you need to find an online casino that supports it.
Tether
Finally, we have Tether or USDT. The USDT token is crucial to understanding Tether as it aims to maintain its value around the $1 mark. Furthermore, they are classified as a stablecoin and they try to maintain this $1 value. Therefore, the main factors are stability and a reliable value.
In a crypto casino gaming world, volatility is the biggest downside. This is where Tether comes in over Bitcoin and tries to provide a modicum of stability. True, the value of USDT has fluctuated in certain cases, but they have mostly maintained their promised value.
Conclusion
There are many cryptocurrencies out there to use for online casino games besides Bitcoin. They all come with their own differences. Some are advantages over Bitcoin that are usually related to a more manageable value, transaction speed and stability. That being said, when it comes to casino bonus offers, Bitcoin seems to be the main currency offered for these promotions. So if you see an online casino offer with a bonus in another cryptocurrency, it can sometimes be worth using it if it suits your needs better.
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