All the first-generation cryptocurrency casinos indeed began by accepting just Bitcoin, but now, times have changed. There are now plenty of other altcoins like Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Tether (USDT) being accepted at crypto casinos. But the problem with having so many options is, sometimes, you don’t know which to choose.
Perhaps, you’re asking yourself: Which digital currency and altcoin is the most ideal for betting? Take a deep breath. It’s time for you to find the answers.
Concerned about the anonymity of your transactions, then Ethereum might be the best option for you.
Why? Ethereum uses Smart Contracts, which easily allows you to cut out the middleman and maintain maximum security and anonymity. Sure, there’s nothing like 100% anonymity, but Ethereum towers above the rest of the cryptocurrencies when it comes to security.
Say the word convenience twice, and it begins to sound like Bitcoin. Why? Because Bitcoin is accepted on all cryptocurrency platforms because you can enjoy more games playing with Bitcoin than with any other altcoin. Sure, some top cryptocurrency casinos like Bitcoincasino.io accept many of the other coins. However, if you don’t ever want to worry about compatibility, then Bitcoin might be the perfect choice for you.
Your cryptocurrency casino might accept Dogecoins, Litecoins, Bitcoin Cash, and Tether. However, you might not be able to play games with them. Only two cryptocurrencies are most ideal for top-notch gameplay- Bitcoin and Ethereum. This is because most of the games will only be wagered by these two assets.
Dealing with cryptocurrencies can be tricky for neophytes, and things could go wrong real fast when trying to learn on live platforms. Therefore, for most beginners, we would recommend Tether.
Tether features conversion rates that are relatively easy to understand. Knowing that a Tether coin is equal to $1 will help you quantitatively gauge your bets to determine how much you’re going to wager per game.
If you don’t mind, though, you can take some time to go through materials on Bitcoin. If you can take the pain to understand it, then you’d open yourself to a plethora of games and opportunities.
The Most Ideal Option
Still standing at crossroads trying to determine which cryptocurrency is best for you? Pause to think about what you’re most concerned about achieving.
Is security your utmost priority? Are you looking for convenience or access to the most number of games? Are you a beginner seeking a simple asset with which you can learn the ropes? Select your most important concerns. Then select accordingly.
But know this: Bitcoin is most ideal for beginners, Ethereum is great for experts with an eye for security. Tether is best for simplicity.
Does this mean that altcoins like Dogecoins and Litecoins are entirely useless? Absolutely not! As an investor, you might find specific reasons for those coins to be your first choice, even above the aforementioned. It’s totally up to you to choose which cryptocurrency you intend to play with your online casino as long as you have a good reason for it.