As online casinos work to keep up with the latest trends, we have witnessed the introduction of cryptocurrencies. There are dedicated online crypto casinos and regular online casinos that have added cryptocurrency as a payment method. Luckybird.io is one of the sweepstake casinos in the US accepting crypto. They also offer a generous welcome bonus, making them a great choice for anyone looking to use crypto at an online casino in 2023.
What you'll learn 👉
For anyone who has taken even the smallest interest in cryptocurrency, it will come as no surprise to see Bitcoin is regarded as one of the best cryptocurrencies for use in online casinos.
Having landed in January 2009, Bitcoin has remained the top cryptocurrency and it is the general popularity of the coin that sees so many people use it for online casino gambling in 2023. The fast transaction times is what makes Bitcoin the leading option for many when it comes to playing at online casinos and there is little waiting around before you can begin playing games. Bitcoin is the most widely accepted cryptocurrency and that means, if you win big when using Bitcoin at an online casino, you can withdraw your winnings and use it elsewhere with little fuss.
In terms of value, Bitcoin offers the best long term value and although it has taken a hit in recent times, Bitcoin remains the most valuable of all the cryptocurrencies. Bitcoin also comes with robust security and it is one of the most reliable cryptocurrencies available today, making it a top choice for online casino use in 2023.
Ethereum is the second most popular cryptocurrency generally so it comes as no surprise to see it is one of the best cryptocurrencies to use in online casinos in 2023. Founded in 2013, Ethereum holds the second largest market value for cryptocurrency available today and an upgrade in 2022 improved the features of the coin.
Ethereum uses smart contracts and they are perfect for ensuring transparency and fairness in online gambling. It is also worth noting that Ethereum underpins many of the other altcoins currently in existence, so it is going nowhere. When it comes to transparency for playing online casino games in 2023, Ethereum is difficult to beat.
You would not expect something that started as a joke to be listed as one of the best cryptocurrencies to use in online casinos in 2023 but that is exactly the reason Dogecoin was created in 2013.
Billy Markus and Jackson Palmer founded Dogecoin as a parody of Bitcoin but Dogecoin has since grown to become one of the top cryptocurrencies accepted by online casinos. For those who value the speed of deposits and withdrawals at online casinos, Dogecoin is a fantastic option as it is even faster than Bitcoin. In terms of block confirmation, Dogecoin takes around one minute in comparison to ten minutes for Bitcoin.
Dogecoin has a smaller value than Bitcoin and that makes it a great choice for online gamblers with a smaller budget and there is a strong community spirit behind Dogecoin, which can be a lot of fun.
If you are tempted to use Bitcoin when playing at online casinos but want something that operates on a smaller scale, Litecoin is a viable choice.
Based on the same blockchain as Bitcoin, Litecoin was one of the first altcoins to hit the crypto market. One of the advantages of Litecoin for online gamblers is it has lower fees than Bitcoin and is generated faster, in larger amounts, making it easier to obtain for online gambling.
In many ways, Litecoin is the diet coke of Bitcoin’s regular coke and the lower fees and greater volume make it more accessible to casual cryptocurrency traders and online gamblers.
In addition to the cryptocurrencies highlighted on this page, there are many others that are now accepted at online casinos. Tether (USDT), Ripple (XRP), Bitcoin Cash (BCH), Monero (XMR), and Binance USD (BUSD) are all examples of cryptocurrencies that can also be used for online casino gaming. However, the best options for use in online casinos in 2023 remain Bitcoin, Ethereum, Dogecoin, and Litecoin.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com