With many casinos now accepting cryptocurrencies, this is a great time to invest and use them when placing bets online. Not all cryptocurrencies are equal though, each one having strengths and weaknesses that should be considered. Depending on your specific needs, there are some cryptos better suited than others for playing online. You will find the best information here when looking for a top crypto casino, but here, let’s take a look at some top casino cryptos.
Solana for speed
For players looking to get speedy transactions, then Solana (SOL) is a solid option. It’s widely considered one of the fastest cryptos out there, taking less than a second to get through all the confirmations needed to finalise a transaction. This is the case for both deposits and transactions thanks to revolutionary blockchain technology. An added bonus is that SOL has very minimal fees in place too, which makes it great for a range of different players.
Tron for budgeting
While several different cryptos have very minimal fees in place, it’s TRON (TRX) that really stands out here. This is because players can actually claim free daily transactions, so no fees at all. These transactions do need to be on the smaller side though. But this makes TRX ideally suited for those looking to make small transactions, but to do so regularly. It too, offers super-fast transaction times as well, which means there’s a lot going for it for any player.
Polygon for dApps
Anyone playing on a dApp or a specific decentralized casino, will find Polygon (MATIC) a top option. Similar to some of the other points that make TRX and SOL great options, MATIC also has low fees and fast confirmation times. Specifically, fees here are less than $0.001, with two seconds being the norm for the average confirmation. This helps to put this crypto at the top of the list for anyone gambling online.
XRP for cross-borders
Again, XRP is a top option for a range of reasons. Not only does it have very quick withdrawals of around four seconds for the confirmation, but its fees typically sit around the $0.001 mark. Where it stands out from some of the other cryptos is if there are cross-border payments to be made. Using this method avoids fees and unnecessary wait times at an online casino, allowing players to get up and running quickly and efficiently.
Other cryptos to consider
Of course, many of you may be wondering about the top two cryptos, Bitcoin (BTC) and Ethereum (ETH). While these are very accessible and tend to be offered at all crypto casinos, there are some major downsides. For instance, due to the high demand, both tend to have rather slow transaction times with a lot of congestion on their respective blockchains. Additionally, fees can be quite high, which is not ideal for players enjoying their gaming on a tighter budget.
These days, the virtual world is transforming transactions with casinos that offer various gambling tokens to also consider. An increasingly large number of crypto casinos are developing and using their own tokens. This increases the stability of the token’s value while also offering players access to very fast transactions. Typically, anyone using the casino’s own token can enjoy no fees, as well as a range of different rewards and perks. This can include access to exclusive games, lottery entries and bigger bonuses.
Considering all these factors is a must for any player looking to play with crypto online. Think about what features are the most important when it comes to what you’ll get out of the cryptocurrency before selecting which one to use. Once done, speedy, low-cost transactions are there for the taking.