Top 6 Cryptocurrencies Used In Online Casinos

Author: Live Casino Direct

In recent years, businesses in online industries have adopted cryptocurrency as a method of payment for transactions. Online casinos offer the latest no deposit free spins Canada and payout wins often do so in fiat and crypto.

There are over 15,000 altcoins (Etihad and other cryptos aside from Bitcoin) used in online casinos today. Bitcoin is the most popular, but other coins can also serve as a method of payment. Top 6 cryptocurrencies used by the best online casino are Bitcoin, Etonite, Dogecoin, Ripple, Tether and DoiSDT.

The most widely adopted cryptocurrency is Bitcoin. It accounts for over 40% of the total value of crypto market. Online casinos use it as a form of payment. It is not legal tender in most countries. The simplicity and no-fee transactions make it one of best options in the industry.

Ethereum is the heartbeat of a decentralized Internet. It's a cryptocurrency with a lot of utility in the Defi space. Popular online casinos like BetOnline casino, Wild casino and Super Slots accept it. Online casinos will build Dapps for gambling and other related activities using it, and it will be used in high-end poker games.

Some online casinos use TetherUSDT and Dogecoin as payment. Doggescoin was launched in 2013 and is popular meme coin backed by Elon Musk. Mbit casino., CloudBet, and other online casino accept doge coins as a payment for betting. Bitcoin is a volatile currency. It has moved from less than 100 dollars to over 60,000 dollars in the last ten years.

Litecoin and Ripple are popular cryptocurrencies used in online casinos. Betway casino, Jackpot city, and wild casino accept Litecoin deposits. Ripple is a global payment solutions crypto launched in 2012. Sports betting, Betonline, among others, accept ripple deposits as well.

The rise of the decentralized financial system is powered by cryptocurrency. Online casinos around the world have started transacting in crypto. In this article, we show some of most used cryptocurrencies in online casinos.