We are all familiar with the days when the day to day commodities and essentials such as chicken and cows were considered as money and were traded among micro-economies. Then, civilisation of the society and the development of cities brought about the inception of systems that would track money and other values across a wide region. This resulted in the formation of coin and paper money that was issued from ruling governments in a bid to keep good records of how economies were doing.
Towards the end of the 20th century, we witnessed the formation of World Wide Web. With it came plenty of significant additions and most notably the development of online casino websites. The websites made it possible for players to make payments and withdraw virtual currencies using bank-issued debit and credit cards.
However, several years ago, in 2009 to be more specific, we witnessed a new version of money that is native to the internet – Cryptocurrency. The first ever Cryptocurrency included Bitcoins, but ever since, there has been multiple currencies online.
In this article, we focus on the best coins to use at the various online casinos as well as the reasons why we recommend them.
What is a Cryptocurrency?
Also known as crypto money or crypto asset, Cryptocurrency is a medium of exchange that is much similar to government issued currency but uses cryptography to secure all the transactions and production of new units. As already mentioned in the introduction, this is the future of money as most of the things are quickly shifting towards becoming digital, including our money.
What are some of the best coins to have?
You might be new to Cryptocurrency, but you must have heard of the famous Bitcoin. This was the first ever Cryptocurrency to successfully prove the practicality of a cryptographic backed public money supply that anyone could use. It remains to be the popular and most valued form of Cryptocurrency, though there are plenty more of other currencies online – amounting to over 1000 different types. These other types come with different benefits that Bitcoin can’t offer.
The world’s largest cryptocurrency is Bitcoin. The decentralized coin is a great choice for young and experienced vets, due to its lightning-fast checkout times and fee-free transactions. Bitcoin’s top online casinos would have hundreds (if not thousands) of games from leading suppliers of tech. Live dealer games will also be included, providing you with a live casino experience and a live dealer with outstanding virtual tables. A variety of table and card games, including slots, table games, and card table games, will also be sold by the top Bitcoin casinos. Big names in the market, including bitStarz, Cloudbet, and FortuneJack, are some of the top sites we suggest. Plays from the UK or USA are not approved by big Bitcoin casinos such as bitStarz. FortuneJack (including Australia, Sweden, and Italy), CloudBet (no players from the UK), and mBit (UK, USA, and France).
The prototype of Ethereum is an open-source coin that is among the industry’s most common. In some of the largest cryptocurrency casinos, like mBit, bitStarz, and FortuneJack, it is approved. It allows a fast deposit or withdrawal to be made. Unlike debit cards or bank transfers, payments from Ether are immediate, meaning you can easily get your money back. For withdrawals or deposits, no costs are charged, and all transfers are fee-free. Hundreds of games, including Yggdrasil Gaming, NetEnt, Betsoft, Pragmatic Play, Red Tiger Gaming, and many more are available from the industry’s top providers. With dealers, you can play blackjack, roulette, and baccarat, and test your ability against the dealer or other players. Many of the top casinos in Etheeum also feature progressive jackpots such as Mega Moolah that will allow you to compete for millions of coins worth of prizes. At some casinos, powered by Evolution Gaming and other big suppliers, some live dealer games are available.
For example, there’s Litecoin, which offers players a faster confirmation time than Bitcoin. This means that it can handle higher volumes of transactions thanks to its faster block generation than Bitcoin. Furthermore, if you wish to make your Litecoin deposit and withdrawal from the online casino, it would take you only five minutes as opposed to the 10 minutes you’d have to wait with Bitcoins.
In online casinos, Ripple is a beautiful Bitcoin substitute. Thanks to the open and autonomous inclusive scheme, it promises improved payments. A long list of tech vendors is affiliated with all Ripple casinos. As soon as you make a deposit at Ripple, you’ll have keys to hundreds of games. Bonuses and discounts that will put a lot of extra money in your wallet will also be available at the best Ripple casinos. Any Ripple casinos, such as Bitsler, have their own proprietary apps, so you can’t find exclusive games anywhere. When you want to take a rest from all the gaming, the Ripple casino even has a sportsbook. The games include traditional three-reel slots, new special effect video slots with free spins, incremental jackpot slots, table, and card games, as well as live dealer games. When you become a regular at a Ripple casino, you will most certainly receive an invitation to the VIP program of that casino that will have greater and better rewards.
A token that offers quicker transfers and lower fees is BitcoinCash. Although it’s not as popular as Bitcoin, there are thousands of followers of Bitcoin Cash. At various cryptocurrency casinos, like Bitsler, mBit, FortuneJack, and Cloudbet, you will find the famous fork. Among the best crypto casinos where you can use the fork to immediately deposit and withdraw, all these locations are commonly regarded. Some casinos, such as FortuneJack, also sell games such as ELK Studios from lesser-known and up-and-coming tech providers. More transfers per second are done by the Bitcoin Cash network than Bitcoin, rendering it a great online gaming option. Players from all over the world are approved by most of the Bitcoin Cash casinos on our list, but some limit US and UK players from signing up on the pages.⠀
Dash is a blockchain open-source that is available in many crypto casinos. Bitsler and FortuneJack, two of the major casinos accepting crypto-currency, are among them. Both feature a massive amount of top-notch manufacturers’ games and a variety of bonuses and promotions. Players from the UK, USA, Australia, Sweden, and Italy are not permitted to enter one of the leading Dash casinos. Dash deposits and withdrawals are subject to nearly zero costs, which also makes Dash a better alternative to Bitcoin and other cryptocurrencies. The number of Dash casinos is limited, but Dash deposits and withdrawals are still allowed on a few common sites.
Besides Litecoin, we also have Dogecoin, which is also proving to be popular among users online. While it was launched much later than the first two cryptocurrencies, it’s already proving itself to surpass Litecoin in the near future, thanks to its much higher mining reward. What has made it popular with players online is the fact that the confirmation times for the transactions are 10× faster than that of Bitcoin, a 50× lower transaction fee, and equally as good security as the one with Bitcoin.
Monero is an open-source cryptocurrency that focuses on anonymity, fungibility, and decentralization. In hundreds of casinos, it can’t be found and the only one we can suggest is FortuneJack. With thousands of games on sale, FortuneJack is a big crypto casino. With convenience and with virtually no costs, you can make Monero deposits and withdrawals. The site does not authorize players from the UK, the USA, Sweden, Italy, and Australia to be licensed. All other countries are entitled to access the venue. With Monero, the casino has a diverse variety of games, spanning slots, casino games, and live dealer games. This is a perfect alternative to other cryptos.
How safe are cryptocurrencies?
On a scale of 1 to 10, we’d rate the safety of cryptocurrencies at 9. They are by far the safest method of making transactions online as they are decentralised. This means that as you make any transaction using any of the cryptocurrencies above, no personal or financial information shall be shared by the second party involved in the transaction.
What measures should you take to ensure safety online?
To ensure that all your Cryptocurrency transactions are safe and secure, we highly recommend that you observe the following.
- Choose an exchange platform that has a good reputation and history of offering Cryptocurrency transactions
- Download the mobile applications for the different exchange platforms and use them for all your transactions. The applications provide better security than the in-browser services
- Always ensure your internet connection is secure. Avoid login in your account using public WIFI
Which mobile casino supports all these Cryptocurrencies?
There are plenty of mobile casinos supporting cryptocurrencies as one of their payment methods. However, none beats Fortune Jack Casino. Founded in 2014, and operated by operated by Nexus Group Enterprises N.V, a company that’s been registered under the laws of Curacao, the site is an all Cryptocurrency website, supporting up to 4 different types. So far, it’s the only site to achieve this feat as other sites support only one or two payment methods.
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