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Altcoins are all cryptocurrencies that are not Bitcoin (BTC), offering unique features and benefits for many users. You can use them for many things, such as purchasing goods, trading, investing, and many more.
Altcoins have gained traction as preferred choices in online gambling platforms. Their lower transaction fees, faster processing times, and unique traits appealed to a lot of players. To give you more background, here are the top altcoin picks to explore today.
The market is filled with altcoins, and you might struggle to choose the best option. They may have a lot to offer, but here are some of the best options you can purchase if you want to use them in online casinos.
Ethereum is a decentralised, open-source blockchain system that allows developers to build and deploy smart contracts and decentralised applications (dApps). It was proposed in 2013 by Vitalik Buterin and officially launched in 2015.
Compared to regular banking, crypto transactions on the ETH network can be way faster, so you can deposit and withdraw your money faster. This is because ETH transactions get verified and processed by a network of computers (validators in the Proof-of-Stake setup) instead of going through banks and their usual procedure. This cuts out many manual checks and approvals that use traditional banking.
Ripple Labs created XRP, a native token of XRP Ledger, to enable fast, low-cost international payments. It’s key to Ripple's mission to improve cross-border money transfers for banks and financial institutions.
Ripple transactions are fast, wrapping up in just 3-5 seconds. That’s way quicker than regular banking and even other cryptos like BTC and sometimes ETH, mainly during peak hours. This means you can cash in and out funds right away.
Litecoin is a peer-to-peer crypto created in 2011 by Charlie Lee, a former Google engineer. Designed to be a ‘lighter version of Bitcoin,’ LTC offers faster transaction times and lower gas fees.
It tackles issues like slow transaction times and high BTC fees by using a quicker block generation time of 2.5 minutes. It’s efficient and cheap, so it’s become a go-to choice for everyday transactions, mainly among online casino players who want quick deposits and withdrawals.
SOL is the native cryptocurrency of the Solana blockchain, a high-performance, decentralised blockchain platform known for its speed and low transaction costs. Like ETH, it is also known for using smart contracts, but in the Solana system, they are called programs.
SOL is a popular pick for online casino players. With low transaction costs—averaging $0.00025—players get to keep more money for gaming instead of losing it to fees, which is great for those who frequently deposit and withdraw
Launched in April 2014, Monero is a decentralised, open-source cryptocurrency. It is known for its strong focus on privacy, security, and untraceability. XMR uses advanced privacy features such as ring signatures and stealth addresses.
Due to its robust privacy features, Monero has gained popularity among users who prioritise confidentiality in their financial transactions. That’s why it also became a go-to option for altcoin casino players wanting anonymity.
Dogecoin is a decentralised cryptocurrency inspired by the famous Shiba Inu ‘Doge’ meme. It quickly built a strong, enthusiastic community, earning its place as one of the first ‘meme coins.’
Dogecoin's community-driven approach and low transaction fees have made it popular for betting and other online uses. The coin's widespread adoption ensures players can seamlessly use it on many betting platforms, like Bitcasino.
Cardano is built to support safer, scalable apps and smart contracts. The platform's native cryptocurrency, ADA, is named after Ada Lovelace, a 19th-century mathematician recognised as the first computer programmer.
ADA offers distinct perks for online casino players. Its proof-of-stake (PoS) system enables faster transactions and lower fees than BTC's PoW model. These features make ADA an efficient and cost-effective option for seamless betting and gaming experiences.
Launched in 2017 by entrepreneur Justin Sun, TRX focused on creating a digital currency that content creators and online entertainers could use to monetise their work. It has evolved into a broader platform for decentralised applications and smart contracts.
Tron uses a Delegated Proof-of-Stake (DPoS) system, which helps the network handle a high volume of transactions per second. This efficiency results in low fees, making Tron an attractive option for online casino betting.
Created in 2014 by Evan Duffield, DASH was first called Xcoin and later changed its name to Darkcoin before finally becoming Dash in March 2015. It blends the words ‘digital’ and ‘cash.’
Dash developers have aimed to establish their digital currency as a practical option for everyday transactions. With fast transaction speeds and low fees, Dash provides players a convenient way to deposit and withdraw funds.
Tether is a stablecoin (an altcoin designed to have a stable price) with almost identical values to USD. Tether started as RealCoin in July 2014 before being rebranded to Tether (USDT) in November of the same year.
Due to its value, it is one of the best altcoins to use for online casino betting. Its stability and widespread acceptance across various platforms, including Bitcasino, make it a trusted choice for deposits and withdrawals.
With so many options available, getting lost in the sea of choices is easy. To make it simple and help you, this table of altcoin recommendations will highlight key aspects such as transaction speed, fees, security features, and many more.
| Altcoin | Feature | Pros | Cons |
| Ethereum (ETH) | Fast transaction speeds | Has a large ecosystem. | Takes higher gas fees. |
| Ripple (XRP) | Energy efficient | Advanced security systems. | Limited use outside finance. |
| Litecoin (LTC) | Quick transactions and low gas fees | Strong market trust and liquidity. | It can only be used for payments. |
| Solana (SOL) | Super fast transaction speeds | Rapidly growing ecosystem. | Complex structure. |
| Monero (XMR) | Privacy-focused transactions | Heavy focus on privacy and security. | Lack of mainstream use. |
| Dogecoin (DOGE) | Fast and cheap transactions | One of the strongest community supports. | No advanced features. |
| Cardano (ADA) | Highly secure transactions | Strong focus on security and development. | Slow development due to intense research. |
| TRON (TRX) | Low transaction fees | Can handle up to 2,000 transactions per second. | Limited use outside online transactions. |
| Dash (DASH) | Practical use | Boasts InstantSend and PrivateSend features. | Lower popularity among privacy-based coins. |
| Tether (USDT) | Stable and affordable | It can be used in about any transaction. | Limited use for DeFi and dApps. |
With this table, you can differentiate their capabilities and drawbacks. This highlights the trade-offs between different altcoins, showcasing their strengths in speed, cost, security, and features alongside their respective limitations in fees, usability, and ecosystem. They all have pros and cons, so decide which works best for you.
The growing acceptance of cryptocurrency has made digital currencies a common payment method for deposits and withdrawals. If you are ready to start your online gambling adventure, these altcoins will help make it easier for you.
In terms of both utility and altcoin popularity, those mentioned are some of the best choices that you can use to bet in your favourite online casinos. Some are more accessible than others but are mostly accepted on renowned gambling websites like Bitcasino.
They have different features and have their pros and cons. It is up to you to decide which one is worth having or which you prefer the most.
Altcoins are cryptocurrencies that are not Bitcoins. If it is not Bitcoin, it is an altcoin. Currently, there are over 5,000 altcoins to choose from.
Some of the top altcoin recommendations for gambling are Ethereum, Litecoin, Ripple, and Dogecoin. These four are the most picked choices due to their low fees and widespread acceptance.
The best way to choose the right altcoin for betting is to research. You can start with the following questions:
If a certain altcoin answers your question and specific needs, then choose it.
Not all altcoins provide anonymity, but privacy-based coins such as Monero (XMR) and Dash (DASH) do. These altcoins heavily focus on privacy and security.
Online casino gaming is generally banned in Japan. However, other forms of gambling, such as lotteries and land-based races, are allowed. If your local sites allow altcoins, then it is safe to use.
If used in online casino gaming, yes. In Japan, most types of gambling are not allowed except for a few government-regulated gaming industries.
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