Online casinos provide convenience in many ways possible. Among those is the fact that they offer several payment methods that made deposits and withdrawals much easier than how they used to. With that, payments can be made instantaneously and safely.
Unlike traditional casinos where you need to fall in line to exchange your money for chips, online casinos allow you to do so with just simple clicks. By simply clicking on your account, you can complete your transactions hassle-free. There are also several payment tenders you can make the most out of.
Aside from e-wallets and banking cards, some sites also allow you to pay with crypto. With them, you can experience faster transactions, lower fees, and heightened security. If you haven’t tried playing in a crypto casino yet, here are some of the coins they accept:
Bitcoin (BTC)
Bitcoin was created in 2008 by the pseudonymous Satoshi Nakamoto. Since it was officially launched in 2009, the coin continuously grew to become the world’s largest digital asset. One of the factors that led BTC to what it is today is its impressive value in terms of market capitalisation. In fact, no coin has ever come close to how massive its value is.
Each BTC is saved and exchanged on the internet through blockchain technology which serves as a public ledger. All transactions are recorded on the blockchain in the form of blocks. Once they’re recorded there, the transactions can’t be meddled with by anyone.
Ethereum (ETH)
Ethereum has a native currency called Ether (ETH) which works as the lifeblood of the blockchain. Its main purpose is to provide users with data-friendly services. Even though it has a lot of similarities with BTC, ETH proves that it is different from the latter.
For example, it uses a Proof-of-Stake consensus algorithm. This means that they use smart contracts which ensure that certain conditions are met before transactions are verified. Though it may be a little challenging, this factor has helped ETH deliver fast transactions.
Litecoin (LTC)
Launched in 2011, Litecoin has developed into a strong BTC substitute. Its value may not be as high as that of BTC, but it has nevertheless increased at a close rate. It also has the fundamental characteristics of other cryptos, such as open source, effectiveness, and decentralisation. This is the main reason why it has been called a lighter version of Bitcoin or Litecoin.
Despite the similarities, it also ensured that it would be distinct from the other existing coins in the market. One way they were able to do this is that they use simpler algorithms that make mining simpler as a result. Another factor that makes it different from BTC is it has a supply of 84 million as opposed to the former’s 21 million.
These are just some of the coins that are accepted in crypto casino sites. By knowing what makes them unique, you can find it easier to find which coin suits your preferences. More importantly, it is by using them that you can make the most out of the convenience you can enjoy when playing online.
