Gambling with cryptocurrencies – which ones to use?

The current wave of enthusiasm for cryptocurrencies of all shapes and sizes means that stories about digital currencies and analysis of their value and use are never far from our fingertips. Those of us who have an interest in online gambling will not be surprised about the popularity of cryptocurrencies as a brief look at online casinos will show you that the possibility of using them continues to grow while every day, new casinos are being set up online and more and more of them allow for gamblers to place their bets using one of the many cryptocurrencies around. Because of this, we have decided to take a quick look at some of the leading cryptocurrencies and give you an idea of which is most suitable for online gambling.

Bitcoin

Simply put, Bitcoin is the king of online gambling with cryptocurrencies. The vast majority of online casinos that accept cryptocurrencies will accept Bitcoin so immediately your gambling options are quite extensive. It is even possible to find Bitcoin-only online casinos. Bitcoin has been the driving force behind the cryptocurrency online gambling movement so it’s only natural that possessing a few bitcoins will open more doors in this environment. However, Bitcoin’s recent price surge may make it harder to buy bitcoins in bulk so it is also worth looking at other options.

Ether

Ethereum’s own cryptocurrency has enjoyed a healthy 2017 despite a recent slump and is slowly gaining on Bitcoin in the cryptocurrency market share. Ether is also gaining more visibility at online casinos and more and more of them are accepting this particular digital currency. Ether’s price is more affordable than Bitcoin as it’s worth a fraction of Bitcoin’s price. At the time of writing, 1 Ether was worth roughly a ninth of 1 Bitcoin. That said, it’s price surge in 2017 has seen its value multiply dramatically and purchasing the cryptocurrency now costs a lot more than it did mere months ago.

Litecoin

One of the lesser-known cryptocurrencies is Litecoin. Similar in its operation to Bitcoin, it has been in use since 2011 and, while not as widely accepted as the first two on our list, Litecoin is a good alternative as it is available at a far more affordable price in comparison to the aforementioned digital currencies. At the time of writing, 1 Litecoin was worth a seventh of the value of 1 Ether.

Dogecoin

The last cryptocurrency on this list is Dogecoin, the first cryptocurrency to be inspired by a meme. Dogecoin is a light-hearted digital currency that doesn’t take itself too seriously. There are a few online casinos which accept the furry-faced cryptocurrency so it’s a way to have even more fun while playing. Dogecoin is the most affordable of the cryptocurrencies on our list as, at the time of writing, it is trading at less than $0.01!

Other cryptocurrencies are out there as well and casinos which allow cryptocurrencies for gambling will usually list the ones they accept or have a visual display at the bottom of the page of the logos for the ones that can be used.

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