When we talk about playing casino games at crypto casinos, it is hard to compete with Bitcoin as the most popular cryptocurrency for deposits and withdrawals. However, Bitcoin and BTC casino bonuses are not the be-all-end-all of crypto gambling as there are various other altcoins that might suit your needs better. Today, we are going to talk about popular cryptocurrencies for gambling other than Bitcoin and see what they offer.
We start with Litecoin or LTC. While Litecoin is based on the same blockchain as Bitcoin, there are a few differences that might suit you better. As the name suggests, Litecoin is essentially Bitcoin-lite. It operates on a much lesser scale than Bitcoin and greatly differs in market capitalization and the total dollar market value of created coins. Where Bitcoin operates on a great crypto-to-dollar exchange rate, Litecoin has a much smaller capacity. This might suit those who find BTC values too great.
Furthermore, due to this great value, Litecoin can have a much larger number of coins than Bitcoin. Essentially, this increases the distribution factor where there are more Litecoin tokens to be had for users globally. Litecoin can accommodate 84 million coins, whereas Bitcoin can accommodate only 21. The key takeaway is that Litecoins are generated faster and in greater amounts, but Bitcoins are worth more. Weighing these factors can help you decide what is better for your casino needs.
If you like a bit of comical relief and a sense of community where you can find others with a similar sense of humor, then Dogecoin is a great altcoin for you. It was created as a parody of Bitcoin and has withstood the test of time as a reliable cryptocurrency. It is quite similar on many fronts to Bitcoin, but it is a much faster cryptocurrency to use at online casinos. Furthermore, when it comes to block confirmation, Bitcoin takes around 10 minutes while Dogecoin takes just 1.
Moreover, unlike Bitcoin, there is an unlimited number of Dogecoins that can be issued to users. Though it is important to say that only 5 billion can be issued each year. Overall, Dogecoin is a lighter alternative with a smaller value and a great community behind it. You can find excellent support for any inquiries on their forums which is not the case for every cryptocurrency.
Ethereum or ETC is one of the most popular alternatives to Bitcoin and has a lot of potential. It enables building and deploying smart contracts, decentralized applications, and among other things crypto casino gaming. The main difference between Ether and Bitcoin lies in the fact that Bitcoin was created as an alternative to national currencies. However, Ether was intended as a tool to facilitate digital contracts and applications via a global virtual machine. Therefore, they differ in the medium of exchange and store of value.
So if you are wondering whether you should buy one or the other, know that Ether has many different uses. If you are someone who uses a lot of smart contracts and dApps, Ether might be for you.
When it comes to Ripple, instead of using the standard mining idea of the blockchain, their network utilizes a new distribution system to validate transactions. These transactions are validated by conducting a pole for participating nodes. In this manner, your transactions are almost instantly without having to be confirmed by a central authority.
Besides speed, Ripple is also cheaper. Though it has a lesser value, the transaction fees are proportionally lesser when using it for online casino gaming. That being said, Ripple is rarely available as an online casino payment method as Bitcoin is much more popular. So if you want to use Ripple instead of Bitcoin, you will have to find an online casino that supports it.
Finally, we have Tether or USDT. The USDT insignia is crucial to understanding Tether as it aims to maintain its value around the 1-dollar mark. Furthermore, they are classified as a stablecoin and they are attempting to maintain this $1 value. Therefore, its main factors are stability and a reliable value.
In a crypto casino gaming world, volatility is the main disadvantage. This is where Tether comes in over Bitcoin and tries to provide a modicum of stability. Granted, the value of USDT has fluctuated in certain cases, but they have for the most part maintained their promised value.
There are many cryptocurrencies out there to use for online casino gaming besides Bitcoin. They all come with their own differences. Some are advantages over Bitcoin that usually relate to a more manageable value, transaction speed, and stability. That being said, when it comes to casino bonus offers, Bitcoin seems to be the main currency offered for these promotions. So if you see an online casino offer with a bonus in a different cryptocurrency, it might sometimes be worth it to use it if it better suits your needs.
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