Cryptocurrencies for Online Gambling

Best Cryptocurrencies for Online Gambling

Recently, the safest and the easiest way for you to transfer or access money locally and internationally has been through the use of cryptocurrency. A rather safe form of money whose control is decentralized, and it has no jurisdictional control. That means that its users determine its value and exchange rates. Sites that use cryptocurrency are based on blockchain networks which are arguably the safest platforms. As people start trading in these currencies, it would appear that the online gambling sites are increasing the use of the cryptocurrencies.

As a result, some games are based on these currencies. The best part is that sites that offer games played through these currencies employ the best technologies and all the users are anonymous.

Since these currencies have taken out the hassle of moving funds from the online sites to banks, it’s not surprising to see an increase in the number of such sites increase.

 Bitcoin (BTC)

This was the first cryptocurrency to hit the market, and it doesn’t come as a surprise to note that this cryptocurrency was the first to be used in online gambling. As a result of its popularity, and also stability, there are many Bitcoin casinos, as well as Bitcoin games like Bitcoin Blackjack or Bitcoin Dice. Bitcoin’s rise to fame in the online gambling scene came about as a result of its efficiency in the processing deposits and withdrawals which has given rise to an active community. Over these past few years, the value of the Bitcoin has risen exponentially increasing the value of players’ balances.

 Ethereum

After Bitcoin came Ethereum, a cryptocurrency whose value has risen a few thousand-fold since the time it first hit the market. The rise in its value has made it the second most popular cryptocurrency. Besides its value, having a highly functional software platform which has made it possible for developers to build and also deploy leading decentralized applications is the reason for its popularity.

The best bit is that you could play and bet Bitcoin games using any cryptocurrency.

Litecoin 

With a growth rate of almost 5,000 percent, Litecoin takes the third place after Bitcoin and Ethereum. It works well when betting online. Created in 2011, it is Bitcoin’s sister, and it boasts higher and faster block times in comparison with Bitcoin. It also has a high market cap.

 DASH

Its rise in popularity stems from the fact that it offers instant transactions and these transactions are very private (InstaSend and PrivateSend). These two are the features we all look for in financial transfer services, and DASH offers just that. Thanks to the high speeds, DASH is a great alternative to currencies lacking in speed or high levels of anonymity.

 Veritaseum

This cryptocurrency offers a gateway to leading peer-to-peer makes that deal in assets. Like other cryptocurrencies, it aims to eliminate brokers, banks, and other financial advisors/middlemen. If you are a fan of Bitcoin Dice, then you are in luck because you could use this cryptocurrency.

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