Most Popular Cryptocurrencies in Online Casinos | Research January 2024

[FatFork]

The total number of casinos at international level that are starting to accept crypto is growing by the minute no doubt. There is a clear growth in the gambling industry in general and there is nothing that would deter a casino from accepting any type of currency including a range of cryptos. I think that the question now is much more about which cryptos will be accepted, that is, what type of stability in acceptance makes creating a payment gate worth the effort.

Technological innovations have had a significant impact on almost every sector around the world, and the casino industry is no exception. In a short period of time, the casino industry has adopted innovative technologies to offer players an immersive and flawless gaming experience. High-speed Internet and modern portable devices and smartphones have made casino games more accessible than ever before. Players can now enjoy their favorite casino games from their desktop or mobile device, anywhere, anytime; from the comfort of their own homes or while on the road. As new technologies, such as artificial intelligence and virtual reality, as well as blockchain and digital currency are introduced, the gambling industry will undoubtedly undergo major changes in the near future. Casino industries in different parts of the world are already facing the impact of this paradigm shift, as players increasingly adopt and enjoy various online technologies, including cryptocurrencies.

[goldkingcoiner]

Indeed you have provided us with a very entertaining and informative infographic with quite detailled stats. I think marketing experts all around the crypto sphere will love to take a look at this....

I am actually quite surprised to see a few things myself. Bitcoin cash being offered? Why exactly is this? I would not have thought there would be such a demand in gambling for something so low in demand in trading/investing.

[mak013]

If you ask me how long will they continue without asking KYC to their customers, I do not have the right answer because that will depend on each casino. But the casino that wants to give the best services will still do this while they can also negotiate with the gambling providers not too strict to their customers.

If we talk about laundering money, we talk about a lot of money that will be used to gamble and for that, the casino can ask them about the funds, where the money comes from, etc. The casino can also ask them to verify those people to know their customers who use big money.

As for me, only small casinos may not use KYC. When they get a big money, they get a big responsibility for it. Even if we don`t talking about law problems, big casinos have a lot of controversial situations that can`t be solved without KYC. Blockchain is a good decision, but when you verified with your ID you have more arguments in some difficult situations.

[South Park]

I hope we have something like this every year not only in the gambling section but all the other sections of this forum that are Cryptocurrency related, we will advance our learning and newbies can easily grasp all that happened and the past and current stat, kudos to OP for coming up to something like this.

Without a doubt it was an interesting read and I hope something similar could be done about exchanges, after all if gambling is the second industry in terms of significance to this market, and without a doubt exchanges would be the number one and it would be interesting to know how they have evolved over the years as this market has gained more and more attention from the public in general and the amount of money invested in it has increased in such a significant manner.

Comparing about numbers then i could say that casinos is much more in numbers rather into those exchange platforms existing including those who had been standing as of today and to those who had
been died or hacked but speaking with volume or liquidity then nothing beats out these exchangers which we know that it is no doubt to be on top in terms of marketshare.
It is true that it would be good if we do able to see other infographics on related to exchanges which is similar to this to have at least on picturing out
on how far we had able to reach out.

When we consider which one is easier to operate between a casino and an exchange then the casino is by far the easier option and as such it makes more sense that we have so many casinos in the industry, however exchanges is where massive amounts of money are moving as the chances of becoming profitable with the markets are higher than by becoming a professional gambler, this attracts more people and more money as well, but unfortunately this also attracts more hackers, which is why we have seen so many hacks to exchanges over the years.

[rhomelmabini]

When we consider which one is easier to operate between a casino and an exchange then the casino is by far the easier option and as such it makes more sense that we have so many casinos in the industry, however exchanges is where massive amounts of money are moving as the chances of becoming profitable with the markets are higher than by becoming a professional gambler, this attracts more people and more money as well, but unfortunately this also attracts more hackers, which is why we have seen so many hacks to exchanges over the years.

I think casino was more easy to manage and doesn't eye that much on the authorities like SEC, whereas it's a different thing among exchanges which are subject on that like Binance to name a few and even Uniswap which is a decentralized exchange. Risks to hackers will always be there but it's your take to upgrade your security, it's always a priority, a must.  Can't tell much about the difference on profit but I think casino is more manageable and not that costly if you'd the basic things to operate, just an opinion.

[khaled0111]

...

I don't think it's fair to compare casinos to exchanges. They are different industries and serve different purposes.
If we admit that there are more casinos than exchanges then it's not only because casinos are easier to operate, as you suggested but most likely because there is more room for competition in the gambling business. Besides, Traders usualy stick to one or two reputable exchanges while gambles gamble on different platforms because they have different promotions, contests...

OP, I believe gathering all this data and turning it into easy to read graphs took you a lot of time and effort. Kudos for that

[Lanatsa]

I hope we have something like this every year not only in the gambling section but all the other sections of this forum that are Cryptocurrency related, we will advance our learning and newbies can easily grasp all that happened and the past and current stat, kudos to OP for coming up to something like this.

Without a doubt it was an interesting read and I hope something similar could be done about exchanges, after all if gambling is the second industry in terms of significance to this market, and without a doubt exchanges would be the number one and it would be interesting to know how they have evolved over the years as this market has gained more and more attention from the public in general and the amount of money invested in it has increased in such a significant manner.

Comparing about numbers then i could say that casinos is much more in numbers rather into those exchange platforms existing including those who had been standing as of today and to those who had
been died or hacked but speaking with volume or liquidity then nothing beats out these exchangers which we know that it is no doubt to be on top in terms of marketshare.
It is true that it would be good if we do able to see other infographics on related to exchanges which is similar to this to have at least on picturing out
on how far we had able to reach out.

When we consider which one is easier to operate between a casino and an exchange then the casino is by far the easier option and as such it makes more sense that we have so many casinos in the industry, however exchanges is where massive amounts of money are moving as the chances of becoming profitable with the markets are higher than by becoming a professional gambler, this attracts more people and more money as well, but unfortunately this also attracts more hackers, which is why we have seen so many hacks to exchanges over the years.

Agree on this one when it comes to operational aspects and complexity of such business then we could say that handling out exchange is never been simplier compared when you are running on a casino.

Although both business could really generate big money neither on bank roll or cold storages but comparing users would be totally different too and its true that its evident because we've seen lots of
casinos/gambling sites compared to exchange platforms which do really prove out that kind of presumption.

[Cryptock]

Wow I didn't expect Doge to be under 50%. I thought it would be the same or slightly higher than LTC usage because of the cheap transaction fees and increased popularity throughout the years. Maybe centralized casinos find it harder to set up their wallet. XRP at 28% was a surprise as well.

And what I pointed out was that Binance Coin is accepted at such a small number of casinos. Looking at the charts you can get the impression that BNB is still taking more and more part of the ETH market. However, in the gambling industry, Ethereum (65%) is much more popular than Binance (19%). I wonder what is the reason of that..   I mean why casinos are not interested in adopting BNB, after all transaction fees are extremely lower.

[uneng]

The research lets very clear bitcoin is hegemonic in crypto gambling. Actually, "bitcoin gambling" is a much stronger expression than "crypto gambling" when making reference to this industry. As we can see through the most popular keywords, there is no doubts bitcoin totally outstands, despite the complains of expensive transaction fees and for being too expensive itself. These statistics bring an interesting conclusion for those who despise and avoid bitcoin, imagining an altcoin or another is going to overcome the king of crypto universe's influence and price soon.

[South Park]

The research lets very clear bitcoin is hegemonic in crypto gambling. Actually, "bitcoin gambling" is a much stronger expression than "crypto gambling" when making reference to this industry. As we can see through the most popular keywords, there is no doubts bitcoin totally outstands, despite the complains of expensive transaction fees and for being too expensive itself. These statistics bring an interesting conclusion for those who despise and avoid bitcoin, imagining an altcoin or another is going to overcome the king of crypto universe's influence and price soon.

When we think about it it is not really that surprising, before the market of cryptocurrencies existed bitcoin was already here, basically it took some time for the first altcoin to be created and during that time bitcoin was the only cryptocurrency in existence, and when we take into account its dominance and the trust the community has in it then it is not surprising that people think of the gambling industry in this market as bitcoin casinos, even if some of them do not even accept bitcoin at all as a deposit option.

[Lanatsa]

The research lets very clear bitcoin is hegemonic in crypto gambling. Actually, "bitcoin gambling" is a much stronger expression than "crypto gambling" when making reference to this industry. As we can see through the most popular keywords, there is no doubts bitcoin totally outstands, despite the complains of expensive transaction fees and for being too expensive itself. These statistics bring an interesting conclusion for those who despise and avoid bitcoin, imagining an altcoin or another is going to overcome the king of crypto universe's influence and price soon.

When we think about it it is not really that surprising, before the market of cryptocurrencies existed bitcoin was already here, basically it took some time for the first altcoin to be created and during that time bitcoin was the only cryptocurrency in existence, and when we take into account its dominance and the trust the community has in it then it is not surprising that people think of the gambling industry in this market as bitcoin casinos, even if some of them do not even accept bitcoin at all as a deposit option.

You would really expect some due changes whenever a new thing that do rise up or pop out in the market which business owners would really be taking that advantage for their benefit and we've seen crypto casinos are

growing in numbers as the years passing because they've seen that there's really some demand which could potentially adds up on overall revenue which it isnt really that surprising that they would really be following.
Basing off with numbers then we could really see the difference which does have some ascending behavior on overall existence of online casinos basing off with crypto.

[robelneo]

With the many changes and the many concepts in casinos being introduced and happening every year, I hope OP can do this every year, and he can add more the better, with new one linking other past infographics, this is a good reference not only for players but gambling developers and operators as well, we need a well-informed developers, I have seen gaming operators just coming here not knowing about industry structure and how to promote their casino.

[Hamphser]

With the many changes and the many concepts in casinos being introduced and happening every year, I hope OP can do this every year, and he can add more the better, with new one linking other past infographics, this is a good reference not only for players but gambling developers and operators as well, we need a well-informed developers, I have seen gaming operators just coming here not knowing about industry structure and how to promote their casino.

Really good to look at on someone who had been compiling some list of casinos existing year by year which we could really be having that basis whether this industry did improve
or simply been stagnant but in the infographics shows that there is really a demand which is a solid basis for casino owners would really make one in the future.
Hope that he would still make out some infographics on next year basing off on the difference within this year.

[AicecreaME]

I did a little research and collected interesting statistics on crypto casinos in infographics. It might be interesting for someone to take a look.

A by-product of this research is a table that collects all crypto casinos by name, year, as well as all altcoins available in these casinos. I would like to add other useful information to this table, so let me know if you would like to see some more information there.


The table - https://docs.google.com/spreadsheets/d/1GqMmEUYmmOisgtP625e9LfJIp6nVqXujHa3SdIeclNY/











Timeline sources:
2011 Fist gambling website
As for the Provably Fair Algorithm, I've used Bitcointalk search and found first mentions of this algorithm in 2011


2014 - Just Dice first crowdfunded casino


Infographic source

Making an infographic is a great method to engage the users in reading and knowing more about the topic being presented. Personally, I like infographics because it is refreshing in the eyes and it basically contains almost every detail that you need in just a few words and images combined. It's good to see the timeline of bitcoin casino gambling platforms as well as the gradual increase rate of each and the cryptocurrency as well as time passes by. The number of casino being established each year goes up very well which means there would be more options for the players and competitions among the casino owners.

Overall, I commend you for coming with this idea. It pretty much sums up the things newbies and even those who are playing long enough want to know. If you are open to suggestions, I would really appreciate it and maybe others here in forum as well if you'll make another infographic about the percentage of the crypto casino statistics you put there. Surely, it would enlighten many people reading. Nonetheless, good job! Thanks for this contribution.

[bitcasinorank]

Hello everyone!

I've updated my research on the most popular crypto tokens in casinos.

The research: https://bitcasinorank.com/top-crypto-for-gambling/



For comparison, here are the results from February 2022.



I plan to update this research and thread every year so we can track how the popularity of tokens changes. Stay tuned and share your thoughts below!

Hey everyone!

The research has been updated.

[Bushdark]

Indeed you have provided us with a very entertaining and informative infographic with quite detailled stats. I think marketing experts all around the crypto sphere will love to take a look at this....

I am actually quite surprised to see a few things myself. Bitcoin cash being offered? Why exactly is this? I would not have thought there would be such a demand in gambling for something so low in demand in trading/investing.

I think this information is somehow useful to casinos so that they could know what they are adding next to the list of there crypto deposite from users. The percentage is good and clear enough for everyone that want to check on those tokens that casinos needed to have in there deposit list of cryptocurrency tokens on casinos. Newbies can also take a look at this especially those one that are gamblers and new to crypto casinos. These are some of the tokens they needed to have in there portfolio in case they want to deposit on casinos.

[Mr. Magkaisa]

The total number of casinos at international level that are starting to accept crypto is growing by the minute no doubt. There is a clear growth in the gambling industry in general and there is nothing that would deter a casino from accepting any type of currency including a range of cryptos. I think that the question now is much more about which cryptos will be accepted, that is, what type of stability in acceptance makes creating a payment gate worth the effort.

Technological innovations have had a significant impact on almost every sector around the world, and the casino industry is no exception. In a short period of time, the casino industry has adopted innovative technologies to offer players an immersive and flawless gaming experience. High-speed Internet and modern portable devices and smartphones have made casino games more accessible than ever before. Players can now enjoy their favorite casino games from their desktop or mobile device, anywhere, anytime; from the comfort of their own homes or while on the road. As new technologies, such as artificial intelligence and virtual reality, as well as blockchain and digital currency are introduced, the gambling industry will undoubtedly undergo major changes in the near future. Casino industries in different parts of the world are already facing the impact of this paradigm shift, as players increasingly adopt and enjoy various online technologies, including cryptocurrencies.

        -    Regarding that point, you are absolutely right, we used to only do physical gambling, well in fact, I never even experienced gambling in a land-based casino, I experienced another form of gambling and it was betting on the lottery and gambling in bingo games is what I have experienced playing gambling.

But now because of the technology we have like the internet, I learned how to gamble online, and the first time I entered a casino via online is also a big deal and even if it's only a small amount, I can gamble in the casino.

[AmoreJaz]

Indeed you have provided us with a very entertaining and informative infographic with quite detailled stats. I think marketing experts all around the crypto sphere will love to take a look at this....

I am actually quite surprised to see a few things myself. Bitcoin cash being offered? Why exactly is this? I would not have thought there would be such a demand in gambling for something so low in demand in trading/investing.

I think this information is somehow useful to casinos so that they could know what they are adding next to the list of there crypto deposite from users. The percentage is good and clear enough for everyone that want to check on those tokens that casinos needed to have in there deposit list of cryptocurrency tokens on casinos. Newbies can also take a look at this especially those one that are gamblers and new to crypto casinos. These are some of the tokens they needed to have in there portfolio in case they want to deposit on casinos.

as we can see, the top coins are the old timers in this market. casinos and gamblers are still trusting these old ones when it comes to payment methods. i believe one contributing factor also is the availability of these coins to most trading platforms. if they are readily available and the liquidity is good, that would be attractive to players as they won't have any problem when they need to exchange their coins to other coins.

When we think about it it is not really that surprising, before the market of cryptocurrencies existed bitcoin was already here, basically it took some time for the first altcoin to be created and during that time bitcoin was the only cryptocurrency in existence, and when we take into account its dominance and the trust the community has in it then it is not surprising that people think of the gambling industry in this market as bitcoin casinos, even if some of them do not even accept bitcoin at all as a deposit option.

bitcoin remains the leading top choice in any crypto-related sites, whether trading or gambling-related sites. it is no doubt why people are choosing this top alt as up until now, no alt can topple its top position among cryptocurrencies. if you talk about crypto, the first thing that people will think of is bitcoin even if non crypto users. they usually affix bitcoin if someone is talking about crypto, hence, the popularity.

[iv4n]

Hey everyone!

The research has been updated.

Thanks for this one, I like this kind of stats. Bitcoin is still on top, followed by Ethereum and Litecoin, I guess there's no surprise about that... they still hold their positions. I am also not surprised to see BNB going up on the list, fast and cheap transactions are doing their thing. But I am surprised that Bitcoin Cash holds the position...

Well, this is a nice research. I guess that the first three will keep their position in the upcoming years, but for sure we will see some changes from 4-10 place. 

[Dunamisx]

I have to talk about this few coins beca they are very common and you are likely to see them available and being supported by most of the online gambling platforms, they are in the likes of Bitcoin, Ethereum and Litecoin, these three are very common and there's no how you could experience making transactions on casinos without coming across them, but people only like using Litecoin for the purpose of being affordable in terms of transaction fee, it is cheaper to use.