The industry has always looked for innovative ways to manage payment processing, especially considering how expensive traditional methods have become. Crypto is an excellent solution, but it is still in its infancy, and many people have only learned about it in the last few months.
There are more and more online casino sites that accept cryptocurrencies these days, but that doesn’t mean they are all of the same quality.
Bitcoin is the original cryptocurrency, having been built on the original blockchain (the decentralised network) since the beginning in 2009. Although many other currencies now exist, the number of casinos that accept Bitcoin (BTC) is greater than any other cryptocurrency.
Another cryptocurrency that launched in 2011 on Github, Litecoin is the brainchild of a former Google employee. This is another attempt to create the same decentralized network with faster speeds. Litecoin (LTC) is a great alternative to Bitcoin and is being added as a payment method to more casinos every day.
Ethereum is another popular blockchain network, and the currency it created (Ether) is now widely accepted by online gambling sites. Built on the same premise as Bitcoin, but with faster acceptance speeds, Ether and the Ethereum blockchain are advertised as more efficient by those who use them.
We look at all sites that accept Ether for payments and what makes one site better than another for players in the long run.
How to Deposit with Cryptocurrency
All this talk about cryptocurrency and its benefits is fine, but understanding how to make a deposit to your online casino account is probably why you came to this page in the first place.
Using currency for deposits and withdrawals at online casinos is not as intimidating as it may sound, but you definitely want to know all the correct steps to take to make transactions as easy as possible.