Crypto-based online gambling sites now have a coin for every player. They attract players looking for instant deposits and fast withdrawals without unnecessary limitations of traditional casinos. However, with so many options available, how does one choose the best coins for gambling? While cryptocurrencies are efficient and reliable over FIAT, choosing a coin that doesn’t match your playing style can be costly since they behave differently on the blockchain.
In this guide, we break down the three main crypto coins categories–from the mighty rulers Bitcoin and Ethereum to stablecoins and altcoins. You’ll discover the best coins for high rollers and low-budget players and the features that set them apart. At the end, you’ll be able to choose the right crypto to maximize your bankroll while minimizing transaction fees.
Best For: High Rollers, Maximum Compatibility, and Huge Bonuses
Pros
Cons
Verdict: So, if you are going to use Bitcoin for online gambling, better be ready to spend some really good money and have the patience to wait up to 20 minutes for your winnings to arrive.
Eventually, Bitcoin remains one of the most secure and globally accepted cryptocurrency by new and old online casinos. These casinos boast some of the biggest BTC bonuses and promotional offers, reaching up to 1 BTC. Although you spend a little more in fees and wait longer, Bitcoin casinos guarantee solid security, unlimited transactions and liquidity in return.
Best For: Web3 Users, NFT Gambling, DeFi Integration
Ethereum is, without doubt, the most influential crypto in the online gambling space. The best Ethereum casinos use smart contracts to provide provably fair game mechanics and a trustworthy environment without traditional intermediaries.
Unfortunately, Ethereum’s strength happens to be also its weakness–the Gas fee. It has unstable transaction costs, especially with small deposits ($20-$50), that can reach up to 20% to 30% of your deposit. This makes ETH unsuitable for low-budget players who want to top up their accounts frequently.
Ethereum performs best when used on Web3 casinos where games run on-chain and your MetaMask wallet directly interacts with smart contracts. Most dApps don’t support FIAT payment systems, but rely on Ethereum’s infrastructure for secure and seamless transactions
Verdict: Ethereum is not for every gambler–it is designed for Web3 casino users or players transacting large amounts and the gas fee is not a big issue.
If you enjoy engaging in NFT gambling and Metaverse casinos, you’ll find ETH at the core because most decentralized apps (dApps) are built on its network. While Ethereum boasts of a powerful and efficient technology, the cost of using it remains a big obstacle for casual players.
Overall, we recommend using Ethereum only when making huge deposits (high rollers), but if you are on a mid-range budget, switch to other alternatives to avoid unnecessary costs due to the gas fees.
Best For: Bankroll Management and Avoiding Volatility
Smart online casino players who care about bankroll control and predictable value have switched to Stablecoin gambling like the USDT and USDC. Unlike other coins that are highly volatile, these coins are pegged to the US dollar, meaning 1USDT/USDC is equivalent to 1 US dollar. Gambling is already a risky venture with many uncertainties, so you shouldn’t be worrying about your coin depreciating in value by about 10% during your gaming session.
TRC-20 (Tron) vs. ERC-20 (Ethereum): When depositing stablecoins, you should always consider the network you’re sending to. The TRC-20 and the BEP-20 (Binance Smart Chain) have quickly grown popular for their cheap transactions (usually under $0.10) and almost instant confirmations, within seconds. On the other hand, Whereas the ERC-20 (Ethereum) is the most common, average players avoid it because of the high gas fee, usually ranging between $3 to $15.
Verdict: We find the stablecoins a perfect match for newbies who are just getting started with crypto casino sites. These coins can help them track exactly how much you are winning or losing without worrying about conversion rates.
Stablecoins are truly the hidden gems, especially for casual players, offering fast, affordable, predictable, and are universally understood. However, many crypto players prefer Litecoin with lower fees, perfect for an average casino player.
Best For: Casual Players, Frequent Transactions, Fast Cashouts
It is unfortunate how some cryptocurrencies like Litecoin, Ripple, and DOGE don’t get the attention they deserve in the online gambling industry. They may not be the most valuable or best coins for gambling, but they ensure fast deposits and hassle-free withdrawals.
Verdict: We recommend Altcoins for players with a starting budget of $50 willing to play short sessions of less than an hour and cash out winnings instantly.
| Coin | Avg. Fee | Speed | Best Player Profile |
|---|---|---|---|
| BTC | $1 to $5 | 10 to 60 mins | High rollers |
| ETH | $3 to $15 | 1 to 10 mins | Web3, NFT, MetaMask players |
| LTC | <$0.05 | 1 to 5 mins | Casual/Budget players |
| USDT | <$0.10 | 1 to 3 mins | Bankroll Managers/Risk Averse |
| DOGE | <$0.10 | 1 to 5 mins | Low-budget players |
Choosing the right cryptocurrency for online gambling comes down to your budget, depositing frequency and your tolerance to volatility. Though each coin has its benefits, a simple rule of thumb makes the process of choosing the best crypto for casino gambling effortless:
Final Verdict:
Pick your best coins for gambling and check out our best crypto sites to start playing. Remember, the best coin isn’t the most popular, but one that suits your style of play and budget.
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