Need Help Choosing a Cryptocurrency for Gambling?
The world of online casinos used to be a thing before cryptocurrencies made it go viral. Cryptocurrencies simplified casino transactions virtually overnight, and their usage in gambling has only been growing.
Crypto gambling was born with the introduction of crypto’s to traditional online gambling!
Picking a cryptocurrency, that is best suited for crash gambling, can be confusing, but if we’re good at anything, it’s chasing out confusion from the world of online gambling.
This short guide will show you how we evaluate cryptocurrencies and determine which ones make the most sense for playing crash games!
Which Cryptocurrency is the Best?
There’s no easy answer to that question. The truth is that most cryptocurrencies can be used for gambling, and you’ll have no problems using them if the casino supports it.
Some cryptocurrencies are better for crash gambling than others. And that’s what we focus on: seeking out the best.
Here are all the aspects of cryptocurrencies that we consider!
The Amount of Casino’s That Offer Support
The first and perhaps most essential aspect of a cryptocurrency is the number of casinos supporting it. Casinos mainly offer support for the “top 10” cryptocurrencies, but you’ll also see casinos support some obscure coins.
You don’t really need that, to be honest.
Leading crypto casinos like BC.Game accepts over 90 different cryptocurrencies.
This includes established cryptocurrencies like Bitcoin, Ethereum, Tether, and Dogecoin. However, they also accept certain niche cryptocurrencies like “Banano”, for example.
You can buy leading cryptocurrencies on every cryptocurrency exchange like Binance, Coinbase, or Kraken. Or better yet, you can even buy them directly in the casino using your Visa or Mastercard.
Despite some casinos supporting them, we do not recommend using unknown, niche cryptocurrencies for crash gambling.
The following 5 cryptocurrencies are accepted at nearly every crypto casino, which is ideal!
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Tether (USDT)
- Dogecoin (DOGE)
Transaction Fees
Transaction fees are an integral part of every cryptocurrency. Network or transaction fees are the fuel that keeps blockchain networks running, so, like them or not, they are here to stay.
But there’s a catch, some crypto’s come with much cheaper transaction fees than others!
Here are our favorite, low transaction fee cryptocurrencies:
| Cryptocurrency | Average transaction fee | Average transaction fee in $ |
|---|---|---|
| Solana (SOL) | 0.000005 SOL (fixed) | 0,0001 |
| Ripple (XRP) | 0.00001 XRP | 0.0000042 |
| Stellar (XLM) | 0.00001 XLM | ~0 |
| Litecoin (LTC) | 0.0003 LTC | 0.03 |
| TRON (TRX) | 0.000080 TRX | 0.000005 |
It’s worth noting that transaction fees are subject to fluctuations; however, historically, the cryptocurrencies we listed above have proven to be the cheapest to transfer.
To get a better feeling of how affordable their transactions are, let’s compare them with Bitcoin and Ethereum.
| Cryptocurrency | Average transaction fee | Average transaction fee in $ |
|---|---|---|
| Bitcoin (BTC) | 0.000059 BTC | 1,33 |
| Ethereum (ETH) | 0.0029 ETH | 4,54 |
While they might not be the cheapest in terms of transaction fees, using Bitcoin or Ethereum still has its benefits, namely the reliability of their network and the fact that you’ll find them in every casino.
Here are our recommendations based on both transaction fees and support at casinos:
- Litecoin (LTC)
- Solana (SOL)
- Tether (USDT)
Transaction Speeds
Compared to online gambling with fiat currencies, just about any cryptocurrency you pick will outshine fiat transactions. However, there are significant differences in transaction speeds between cryptocurrencies as well.
If you’re sending crypto from your exchange wallet to the casino, you can wait an hour to a few minutes for your funds to arrive if you choose the fastest cryptocurrency.
Here are the transaction speeds of our crypto favorites.
| Cryptocurrency | Transactions per second | Average transaction time |
|---|---|---|
| Bitcoin (BTC) | 7 | 30-60 minutes |
| Ethereum (ETH) | 30 (200,000 with ETH 2.0) | 30 minutes (usually way less) |
| Solana (SOL) | Up to 50,000 | Almost instant |
| DogeCoin (DOGE) | 33 | 5-10 minutes |
| Litecoin (LTC) | 56 | 15-30 minutes (usually way less) |
| Cardano (ADA) | 250 | 15-20 minutes |
| Ripple (XRP) | 1500 | 5-10 seconds |
| Tether (USDT) | 50,000 | 1-10 minutes |
Based only on transaction speeds, we recommend using the following 4 crypto’s:
- Litecoin (LTC)
- Ethereum (ETH)
- Solana (SOL)
- Tether (USDT)
Anonymity
Anonymity has been a big part of cryptocurrency since the beginning. While it is true that cryptocurrencies lack anonymity by nature, as all transactions can be seen on the ledger, some cryptos still provide more privacy than others.
Those are our favorites as well!
The most sought-after are decentralized cryptocurrencies with no 3rd party intermediaries.
This includes Bitcoin, Ethereum, Dogecoin, and Monero. Other cryptocurrencies like Tether, Ripple, and BNB are centralized under the control of the majority holders, i.e., companies.
Licensed crash gambling casinos like Stake.com will sometimes demand KYC or Know-Your-Customer identification checks. If you want complete anonymity, you should only gamble in casino dApps or casinos with a clear no-KYC policy.
Stick to licensed casinos.
Licensed casinos, despite the lack of anonymity, offer much greater safety!
The following 3 cryptocurrencies offer the highest level of decentralization:
- Bitcoin (BTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
Network Stability and Trustworthiness
Trust is built on experience, and in terms of stability and trustworthiness, nobody can beat Bitcoin and Ethereum.
There’s a reason why these two original cryptocurrencies reign as kings of the online gambling industry despite their slightly more expensive transaction fees.
With a track record of network stability, choosing Bitcoin or Ethereum for crash gambling just makes sense. However, more and more crash gamblers tend to lean towards Tether due to its also good network stability, but more importantly, price stability.
Avoid price volatility
If you don’t want to be bothered by price changes of cryptos, choose a stablecoin like Tether.
Bitcoin, Ethereum, and other non-stable cryptocurrencies frequently experience major price fluctuations. While it is true that this can benefit your winnings, it can also hurt them massively.
Playing crash with a stablecoin like Tether (USDT) lets you sleep calmly, knowing that your winnings will not lose value overnight.
If stability is what you’re after, and it should be, choose one of these 3 crypto’s:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
Transaction & Betting Limits
You don’t need to be rich to start your fun crash gambling adventure, and you shouldn’t be concerned with transaction limits. Here’s all that you need to know.
Deposit limits
The majority of online casinos have no maximum deposit limits; they will gladly take as much as you have. However, there are usually some minimum deposit limits. Are they a problem? Not in the slightest.
Minimum deposit limits are in place to protect you from depositing less than you’re paying for the transaction.
Withdrawal limits
Things get a little more complicated when it comes to withdrawals. If you plan on withdrawing larger amounts of funds, there are usually no maximum limits. However, licensed casinos may ask you to provide proof of identity and location to be able to withdraw those funds.
Minimum withdrawal limits also aim to prevent players from withdrawing amounts smaller than the resulting transaction fee.
We’ll notify you whenever we see a casino imposing unreasonable transaction limits.
Betting limits
This is something that not many casinos like to talk about, but we feel it’s important to know. Most casino games, including crash come with maximum betting and profit limits.
If your profit exceeds the profit limit, the casino will automatically pay out its maximum profit limit. These limits vary by cryptocurrency and the liquidity that a casino can provide.
Betting Limits
Betting limits are usually in thousands of dollars, but they can be significantly lower for some lesser-known altcoins.
This is another reason why sticking to Bitcoin, Ethereum, or Tether for crash gambling makes sense.
Bonuses
Good news! There is no longer currency discrimination regarding welcome bonuses and promotions. Some casinos used to implement differently sized bonuses depending on the cryptocurrency you chose to deposit.
Nowadays, all of our favorite crash gambling casinos offer the same bonuses in every currency they support.
How to Buy or Deposit Cryptocurrencies at a Casino
Getting crypto to your casino’s wallet may seem daunting, but trust us, it’s not. There are three ways to deposit cryptocurrencies to a casino, and we’ll start with the easiest one.
Buying Crypto Directly at the Casino
All modern crypto casinos offer their players the ability to buy cryptocurrencies directly at the casino! This is especially handy for those of you that don’t have any crypto yet.
Acquiring cryptos at a casino is extremely simple and usually done through a 3rd party service like MoonPay, which guarantees safety and low commissions on your purchase.
Here is how to buy cryptocurrencies directly at the casino:
- Click the “Deposit” button in your casino wallet!
- Select the “Buy Crypto” option.
- Select the cryptocurrency you wish to purchase.
- Decide on the amount of crypto you wish to purchase.
- Use your Visa or Mastercard to complete the purchase.
- Receive your crypto and start playing!
Deposit Crypto From Your Existing Wallet
For those of you who have cryptocurrencies in a wallet somewhere, getting those coins to a casino is as easy as the ABCs.
Here is a 6-step guide that covers all the essential points:
- Go to your casino wallet and select the cryptocurrency you wish to deposit.
- Copy the deposit address that you’ve been handed.
- Go to your existing crypto wallet.
- Select the amount you wish to transfer to the casino wallet.
- Paste in the deposit address from the casino and click “Withdraw” or “Send”.
- Wait a few minutes for your cryptos to arrive and get playing!
If you’re offered any bonuses based on your deposit, grab them to fuel your wallet with more crypto juice!
Buying Crypto at an Exchange
The third and arguably the most complicated way of getting cryptocurrencies to an online casino involves buying crypto at a reliable cryptocurrency exchange. Once you purchase the cryptocurrencies at an exchange, you have to go through the exact 6-step process we just described above.
Why is this the most time-consuming way to deposit crypto at a casino?
- You’ll need to find a reliable crypto exchange first.
- Some cryptocurrency exchanges do not allow transactions to casinos.
- Consider the withdrawal fees you pay at an exchange.
If you don’t own any cryptocurrencies, we strongly suggest you buy them directly at a casino of your choice. It is, without a doubt, the easiest and fastest way to start having fun at a crypto casino and enjoy all the benefits.
Best True Cryptocurrency Casinos
You’re now fully aware of which cryptocurrencies we like the most for crash gambling and what factors influence our choice. The only thing left to do is to reveal our favorite cryptocurrency casinos.
Here are our top 3 picks!
These 3 casinos will allow you to:
- Choose between a wide array of supported cryptocurrencies.
- Buy cryptocurrencies directly in the casino with your Visa or Mastercard.
- Have a no-limit cryptocurrency crash gambling experience.
- Assure you with top-notch safety features and excellent crash games.
Choosing a pure cryptocurrency casino will ensure you a smooth crypto gambling experience. The entire ecosystem of a crypto casino is built to welcome players with cryptocurrencies and assure them of the best experience possible.
This includes crypto purchases directly in the casino, meaning you don’t need to find a reliable exchange to buy some crypto for crash gambling.
Metaspins casino even allows you to sell your cryptocurrency winnings directly in the casino. If you’re not ready to enter the world of crypto gambling just yet, there are also casinos that allow for fiat deposits!
