What are the Most Popular Cryptocurrencies to Use at iGaming Sites?

Crypto gambling. At one stage in time, it would have been hard to foresee these two worlds coming together. When the first Bitcoin whitepaper was released in 2009, there wasn’t a lot of belief in it. For the many, cryptocurrency was just a phase – an interesting concept that would soon fizzle out after users discovered there were no real-world applications. 

But now here we are fifteen years later, and the cryptocurrency market has truly kicked off. At the time of writing, the global cryptocurrency market is worth around $2.74 trillion, with various new cryptocurrencies now available on blockchain and numerous real-world applications. Of course, crypto casinos are one of them. It was back in 2012 that the first ‘crypto casino’ kicked into action, and since then, many more have followed. 

But if you’re new to the world of crypto casinos, what exactly are the most popular cryptocurrencies being used? Below, we’re going to walk through all of the most common cryptocurrencies being used at iGaming sites, with a bit of information on what makes them a worthy buy.

Bitcoin

Let’s start with the big one. Bitcoin remains the most popular cryptocurrency in the world, with a current valuation of $55,880 at the time of writing. Many crypto casinos are even called ‘Bitcoin Casinos’, even though they accept a range of crypto tokens. We know you know about this one, so we’re going to jump quickly to an altcoin that’s been making waves recently.

Solana

Over the last twelve months, Solana has seen a 300% rise that has entrenched itself as a top-five coin by market cap. One of the best places to take advantage of this is at Solana Casino LTD, where some of the top-rated Solana casinos – as well as their bonuses, such as 200% rakeback on up to 10 ETH – are listed out for you to browse through. Perhaps the reason they’re so popular is the relatively low transaction fees. Solana currently offers some of the cheapest transaction fees in the market, which is a big plus for regular gamblers looking to save on costs – the more money saved, the more money remains in the betting fund. 

Ethereum

Solana, of course, is an offspring of Ethereum, which is the second biggest cryptocurrency behind Bitcoin. At the moment, this coin probably holds top position in the world of crypto casinos and crypto poker rooms, with its high-tech features and wide use making it a popular choice for online casino sites. The speed of Ethereum is also setting it apart, dealing with bets and payouts far quicker than traditional banking methods. When it comes to iGaming, players don’t need to buy the latest CPUs, sit down, power them up, buy the games, and wait for them to download. Things need to be quick, and Ethereum ensures things are quick.

Binance

Binance is another coin you’re likely to know about already, but over the last few years, it has been used more and more as a gambling coin for iGaming platforms. Once again, this might have something to do with its fast transaction speeds – something that is keenly appreciated by gamblers looking for convenient and fast-paced betting. It’s also a little more stable than other coins mentioned on this list. Every cryptocurrency has a degree of volatility, of course, but the bond of BNB has ensured a little more reassurance amongst gamblers. 

DogecoinSpeaking of an innovative concept that was expected to last a few months at most, Dogecoin has truly surpassed all expectations. Created as a satirical joke in the cryptocurrency world, it’s now one of the most popular coins on the market, with a particular affiliation within the iGaming-sphere. This might be due to its focus on community. Compared to many other coins, users share their active involvement with Dogecoin, making it a popular coin to strengthen camaraderie among iGaming players.