Top Cryptocurrencies for iGaming 2021

[qwertyup23]

Crypto payments made waves in 2021, especially in online gambling. These cryptocurrencies are the most used in 2021 for crypto gambling:

- Bitcoin
- Tether
- Ethereum
- Dogecoin
- Litecoin

These also happen to be the common cryptocurrencies accepted in online casinos. For sure you’ve also used these cryptos to play games and bet on sports. Which among these is your favorite? And which cryptos you often use in gambling that aren’t on the list?

I think the reigning cryptocurrency used in gambling would always be BTC given its dominant and high price in the market. But with the creation of dozens and thousands of altcoins in the market, this gave rise to several options where a person may exercise in gambling away their resources.

To be honest, I often used my BTCs in gambling as it is the most convenient and most widespread used currency among all the gambling websites. At least all online (and even physical) casinos accept BTCs as payment/reward in using their services.

I am also in favor of using other cryptocurrencies that are not listed on the list since it somehow implies that its popularity is steadily rising on the market.

[magneto]

I think that more and more people are actually using DAI or USDT for gambling.

As long as you don't use the ETH chain version of these stablecoins, I think that they are actually quite viable.

Transaction fees are low on networks such as Polygon which is definitely good, and the stability of value allows fiat players to also enjoy the fast transactions that are offered by crypto casinos.

[chaser15]

I think the reigning cryptocurrency used in gambling would always be BTC given its dominant and high price in the market. But with the creation of dozens and thousands of altcoins in the market, this gave rise to several options where a person may exercise in gambling away their resources.

It's not how I looked at the situation currently. If possible, gamblers will choose the minimal and lowest few as much as they can when they are about to deposit funds on a gambling site. BTC deposit fees are insane and that's a big issue to those gamblers being regular or not. USDT, TRX, or BNB, if supported by gambling sites will be the most used crypto either for deposits or withdrawal.

For gamblers, it's not actually a big deal for them if the currency they will use is dominant or not. Fees are critical and the lower fees are available, that's what they will choose.

[Obito]

I think that more and more people are actually using DAI or USDT for gambling.

As long as you don't use the ETH chain version of these stablecoins, I think that they are actually quite viable.

Transaction fees are low on networks such as Polygon which is definitely good, and the stability of value allows fiat players to also enjoy the fast transactions that are offered by crypto casinos.

When will they fix the problem that they have in Ethereum, I feel like a lot of people have been clamoring for this to be fixed because this has been a big problem for Ethereum for a long time. I can agree that Polygon is a pretty good one, I have used it before and I think that it's better than Ethereum. Surprised to see that people use Tether for gambling as most sites advertise heavily on crypto as a means to gamble in their platform.

[Darker45]

I made use of all the mentioned coins in gambling except Tether. I cannot remember an instance when I used USDT in betting. I really started with Bitcoin of course. Altcoins then became an option for reasons that Bitcoin fees are sometimes unbearable and losing Bitcoin seems more painful than losing fiat or altcoins. Dogecoin was particularly attractive before because of the lack of decimals. Everything's whole numbers. LOL!

[Jawhead999]

I used Bitcoin, Litecoin, Tron, and other cheap fees coins, I don't have any reason to use ETH and any coins using ETH chains since the fees is insane, it will reduce my profit. To be honest this survey aren't really important, usually a casino can adding more coins whatever he want. The biggest problem is the casino, does it's exit scam? or does they will do bad thing to the gamblers (e.g. randomly froze a coins, ask KYC, terminating account).

[Cling18]

I always prefer BTC, USDT, BNB, and BCH but as much as possible, I wouldn't pick ETH because of its high gas fee which is a common problem for most crypto gamblers. I hope that the ETH network would do something about the high gas fees this year. The coins mentioned always provide convenience and smooth transactions so players always prefer using them.

[worle1bm]

The casino usually choose the coin which have the demand and liquidity in the market and there were some coins like doge which was added to many casinos last year but ETH have gas issues due to which many players prefer ltc or say doge to withdraw the funds.There might be some other coins also which might be added to the casino list this year depending on the casino plans and market demands.

[coco23]

The casino usually choose the coin which have the demand and liquidity in the market and there were some coins like doge which was added to many casinos last year but ETH have gas issues due to which many players prefer ltc or say doge to withdraw the funds.There might be some other coins also which might be added to the casino list this year depending on the casino plans and market demands.

Of course it mostly depends on the casino or game provider, but there are certain traits to a coin token that make it more favorable. For instance cheap fees. Stablecoins are also attractive as they minimize the price movement  (although volatility might be a desired feature depending on the nature of the game)

[arwin100]

The casino usually choose the coin which have the demand and liquidity in the market and there were some coins like doge which was added to many casinos last year but ETH have gas issues due to which many players prefer ltc or say doge to withdraw the funds.There might be some other coins also which might be added to the casino list this year depending on the casino plans and market demands.

Of course it mostly depends on the casino or game provider, but there are certain traits to a coin token that make it more favorable. For instance cheap fees. Stablecoins are also attractive as they minimize the price movement  (although volatility might be a desired feature depending on the nature of the game)

Well its good to add up this two options and make the player decide wether which of those coins is ideal for them since there are some users preferred stable coin and some want also to gamble with volatile coins which have cheaper fees. So for this the casino ask should put a poll and ask what coin their community want to be added on their system.

[LUCKMCFLY]

Well, the truth is that the best currency for me in any casino are the following:

1.-ADA
2.-TRX
3.-UNI
4.-DOT
5.-BNB

And when the market in general begins to recover, I think that the coins that are going to shine the most are Matic and Solana, the reason is simple, if the metaverses are successful, I think that these coins are going to be highly sought after by players, for their trust and because their networks will be much sought after for possible projects, in addition the fees will be the lowest in the market and that is why they would be very successful, of course this is mere speculation.
And already, as many have said, stablecoins are a great choice, especially BUSD, which sometimes does not have an associated fee.

[YOSHIE]

Which among these is your favorite? And which cryptos you often use in gambling that aren’t on the list?

Bitcoin and DogeCoin, you own what you use in betting on gambling sites from the 5 crypto you mentioned.

The question for what, you ask the crypto that is often used in gambling bets...!

Should, you create a topic and ask about the comparison and transaction fees in deposits to gambling sites, which crypto is suitable and the cheapest and fastest fees.

Honestly, Bitcoin and Doge which I often use in gambling bets, I have strong reasons to use these two cryptos, the reason is common, maybe some people here know how easy it is to use the two cryptos.

[darewaller]

Honestly, Bitcoin and Doge which I often use in gambling bets, I have strong reasons to use these two cryptos, the reason is common, maybe some people here know how easy it is to use the two cryptos.

But, I use tron and ripple for my gambling to save time and money. I was using dogecoin for gambling but after my dogecoin core wallet started showing error and not syncing to make my new transactions, I decided not to make use of dogecoins for any of my transactions and I have stopped using bitcoins for gambling purposes some 3 years back itself after finding how cheaply I had spent bitcoins.

By the times of 2018, I was using BCH for gambling as I had claimed it from the fork event but since then in 2020 and 2021 I have been using tron and ripple only for gambling as these coins are helping me to get into gambling in no time due to quicker network confirmations.

[dothebeats]

I'm surprised there isn't any XRP on that list. It's certainly one of the most used cryptocurrency for gambling, too, given how fast the transfers are and how cheap the transfers can be no matter the time of the day. True that XRP as a coin itself might not be that good to hold in the long term, but for gambling purposes, it certainly is on par (or even better at times) on these coins mentioned. Never had any problems with XRP transfers in between casinos, too.