Top 9 Cryptocurrencies for Gambling

Beating the game is fun, but what is even more fun is having instant access to your winnings. That is why players like to wager with crypto so much. Most crypto wallets allow for immediate withdrawals. This is revolutionary, given the fact that the most common traditional payment methods make you wait for days until your cash arrives.

Provably fair games are the hype right now. The reason is that they provide a solution to one of the oldest problems in the casino gambling world – the lack of trust. Players have always been concerned with the possibility of being cheated by the casino. Along with reputable, licensed websites, fake operators sometimes appear, who try to rip gamblers off by offering rigged releases.

Thankfully, this is no longer possible with provably fair games. Using a specific technology, these products allow you to verify the fairness of your results and to stay protected against fraud.

Ethereum is a decentralized, open-source blockchain platform based on smart contracts, which began as a crowdfunded project. People often confuse the two terms, but Ethereum is the name of the platform, and Ether is the cryptocurrency.

Ethereum appeared in 2013 thanks to Vitalik Buterin and Gavin Wood. It became very popular because it is both an environment and a programming tool. The platform’s functionalities provide a lot of added value. That said, it is not surprising that Ether has become the second most popular cryptocurrency following Bitcoin. In fact, even banks seem to favor it.

If you are looking for faster and cheaper crypto transactions, you might want to take a closer look at Bitcoin Cash. While it might appear as just your regular altcoin, Bitcoin Cash has a lot of advantages. That is why it became so popular in the blink of an eye once it was released in 2017. To give you an idea, a single Bitcoin Cash transaction may cost a few cents, while Bitcoin will charge you around $60 for the same thing.

Bitcoin Cash is also great for mining. Besides, it provides diverse ownership options, and you can easily exchange it for other cryptocurrencies. That is why its value is constantly growing, and the future seems to be bright for this cryptocurrency.

You must have surely noticed the entertaining social media dog memes that make fun of Bitcoin. Well, they actually gave birth to a cryptocurrency dubbed the first “meme coin.” Created by Billy Markus and Jackson Palmer, Dogecoin is claimed to have appeared only to pick at Bitcoin. In fact, Markus has stated that it took only 2 hours to invent the coin.

Whether it is true or not, the cryptocurrency attracted the public’s attention just a few weeks after it entered the market, reaching $8 million in value. However, there is a good reason for this success. The amusing factor aside, Dogecoin has a few serious virtues. Among them is the fact that it takes only one minute to confirm a transaction, whereas Bitcoin needs 10 minutes.

Tether is a so-called “stablecoin.” It is backed by several traditional currencies and was created so that its value would be linked to the value of the US dollar. Initially, the plan was to match the US currency at 1:1. However, the issuing company later changed its statement to say that each Tether is backed by its reserves in fiat money. In any case, Tether claims to be fully transparent and to be ideal for commercial purposes.