The change in era has seen the growth of cryptocurrencies for gambling. The numbers of casinos that allow you to place your bets using crypto have increased, thus the increase in the number of cryptos that one can use for gambling also. 

We have written a review for you that will help you when you decide to place your bets using crypto, the coin you can choose as we have provided you also with a list of advantages for each coin.

Why Gamble With Cryptocurrencies?

Cryptocurrencies offer a very unique selling point for a lot of online casinos by attracting a new customer base and a lot of these casinos will offer you special benefits and offer that those other forms of traditional currency cannot compete with. 

Since cryptocurrencies are not regarded as real money in many countries, players can bet with them and once they have won, they can then convert that crypto into real money. Casinos that allow the use of cryptocurrencies is not governed by the same regulations used for traditional gambling which is a very interesting approach.

Top Cryptocurrencies For Gambling

Bitcoin

Bitcoin was registered for use in 2008 and gained fame when it was deemed a peer-to-peer electronic cash system. In 2009 the Bitcoin software was then released as an open-source code. With the release of Bitcoin came a change in the economic environment of the world. This cryptocurrency then started to gain recognition and it was the most commonly used cryptocurrency.

Pros

• This is the most used crypto around the world.
• It is highly unlikely for you to encounter fraud when using Bitcoin.
• It is the most suitable cryptocurrency for gambling as there are Bitcoin-specific sites for gambling.

Cons

Not accepted in other countries

Dash

This was first known as Xcoin and it came into existence in January 2014. This company changes its name to DarkCoin and was lastly named Dash. After it was rebranded it then started to prosper in the gambling industry. In its first 48 hours of business, this cryptocurrency did a business of around 1.9 million coins.

Pros

• It is user-friendly for all gamblers including ordinary members.
• This cryptocurrency has quick deposits and transaction times making it ideal for gamblers.

Litecoin

Litecoin is considered to be a peer-to-peer cryptocurrency that was introduced in 2011. It is similar to Bitcoin as it has a template design and structure that is also similar to Litecoin also. For a period of two years after it came into existence it got a market capitalization of $1 billion. 

Litecoin is the cryptocurrency that managed to adopt the Segregated Witness and this cryptocurrency was the first digital currency that was done to deal with the problem of malleability.

Pros

• The cryptocurrency’s mining is simple as it is similar to Bitcoin.
• One of Google’s former employees is responsible for the making of Litecoin thereby reducing its chances of the sudden disappearance.

Ripple

The cryptocurrency came into existence in 2012 and was constructed on the Native Cryptocurrency. The development of Ripple dates back to 2004 making it one of the oldest developed cryptocurrencies. 

Ripple was designed to be used in the RipplePay.com community which was designed by Ryan Fugger. The project was then later passed to Jed McCaleb and Chris Larsen who then created a new system and also browsed on that new idea which led them to create OpenCoin.

Pros

• The system of Ripple is quite anonymous and secure.
• You can make a sound investment using Ripple.

Ethereum

Ethereum came late into the digital currencies market as it was established in July 2015. This cryptocurrency just like many other cryptocurrencies followed the original design of Bitcoin. At the time it came to the market it had 11.9 million coins that were in circulation and the total circulating Ethereum coins at that time was around 13 percent.

Pros

• Has a sustainable market future.
• Its structural design is made to execute the coins perfectly.
• Gambling transactions that you make through Ethereum remain valid for a very long time.
• Has minimum house take-on bets

How To Choose The Best Cryptocurrency For Online Casinos

You have to, first of all, understand the benefits of coins that are very important for your gambling. If you are looking for anonymity you have to look for those casinos that allow the use of Dash. If you want to make quick transactions you have to look closely at Ripple, Litecoin, or Dash as they offer quick transactions. 

If you are looking for a cryptocurrency that you can use to gamble in poker, roulette, slots, blackjack, and other games you should resort to using Dogecoin. For big bonuses and a range of great casinos, Bitcoin and Ethereum will do the trick for you. 

Crypto Gambling Pros And Cons

Pros

• You get financial privacy
• Low or no fees required when you make deposits and withdrawals
• Some of these cryptos offer big bonuses

Cons

• Casinos that allow the use of crypto, some of them, are poorly regulated
• When gambling with crypto there will be no chargebacks

Conclusion

With how the world is moving and things are constantly changing, there will soon be no room for paper and coin commodities with how the digital age is taking over. Cryptocurrencies and many casinos are going to keep on solidifying their bonds and making it easy for people to gamble as they will keep increasing the numbers of casinos that allow the use of cryptocurrency. 

Be sure to pick a casino that allows you to use crypto, pick one coin that you would have like, and start placing your bets.