Cryptocurrencies are revolutionising the way players can deposit, withdraw and bet in online casinos. While Bitcoin (BTC) would be the most well-known digital currency both globally and in gambling, it is far from the only option. There are faster, cheaper and more private alternatives on the market. This blog explores the best cryptocurrencies to use in online casinos and highlights what benefits they have over Bitcoin.

Ethereum (ETH) – The Smart Contract Powerhouse

Ethereum comes second after Bitcoin in terms of popularity but it offers something Bitcoin doesn’t: smart contracts. This feature allows for decentralised, provably fair casino games where outcomes can be verified on the blockchain and you can try crypto casino here. Ethereum transactions are typically faster than Bitcoin, though network fees can spike during periods of high traffic.

Litecoin (LTC) – The “faster Bitcoin”

Litecoin was created as a “lighter” version of Bitcoin, with faster transaction speeds and lower fees. Players are now favouring this alternative option as it is seen as more affordable regarding deposits and withdrawals due to its low fees. On average, Litecoin transactions process in about 2.5 minutes, compared to Bitcoin’s 10 minutes or more. It is very secure to use as it is built on Bitcoin’s robust blockchain technology. However, the one drawback of LTC is that it is less private than some of the other alternatives.

Tether (USDT) – The Stablecoin Solution

Unlike volatile cryptocurrencies whose worth can change, Tether (USDT) is a stablecoin that maintains a 1:1 Peg with the US dollar. This makes it a safer option for players who want to avoid market volatility. While Bitcoin and Ethereum fluctuate daily, USDT offers stability. It is usually listed alongside other cryptocurrencies on casinos sites which allow users to avoid currency risk.

Ripple (XRP) – Lightning Fast Payments

Ripple (XRP) is a unique cryptocurrency known for its ability to process payments almost instantly. Offering low fees and fast transaction speeds, XRP is one of the most efficient coins to use for online casino payments. It is also more environmentally friendly compared to Bitcoin mining due to its energy efficiency. While Ripple isn’t as widely supported as Bitcoin or Ethereum, more platforms are beginning to recognise its potential.

Monero (XMR) – The Privacy First Crypto

If anonymity and privacy are your main priorities, Monero (XMR) is an excellent choice to use. Monero transactions are untraceable, which means that deposits and withdrawals made to or from an online casino cannot be tracked. While this offers unparalleled privacy, Monero isn’t as supported as other cryptocurrencies on casino platforms due to its privacy coin status. Monero is often excluded from mainstream platforms due to regulatory concerns which are brought forward by associations such as MiCA (Markets in Crypto-Assets Regulation).

Dogecoin (DOGE) – From Meme to Casino Favourite

Originally a joke cryptocurrency, Dogecoin (DOGE) has become a legitimate option for online casino players. With low transaction fees and fast processing, Dogecoin is a fun and cost-effective option. Many crypto casinos accept DOGE, especially those who target a younger, more internet-savvy audience.

Whether you’re prioritising speed, privacy, stability or versatility, there is a cryptocurrency that can suit your needs. This diverse range allows players to choose from many options based on what they need at the time.