In this era, many bookies support real money betting and allow the use of cryptocurrencies. This has really created many advantages for players when participating in online betting.
There are many types of virtual currencies on the market today. So what are the most popular cryptocurrencies used for gambling at bookies today? Join us to find out information about our TOP 9 most popular virtual currencies when betting online in this article!
1. Bitcoin (BTC)
Bitcoin was born in 2009. And until now, it has become the oldest active cryptocurrency in the market. Bitcoin’s credibility is undisputed. Therefore, if you want to find a cryptocurrency to bet online, then Bitcoin is the best choice. Currently, most bookies accept BTC from players to make online betting transactions, even if you participate in betting at ignitioncasino.eu.
Many people also believe in betting with the main cryptocurrency, Bitcoin betting. This shows the scale of Bitcoin services compared to many sectors in the market today. The more the betting market expands, the more Bitcoin has a great advantage and will be the leading coin today. Currently, Bitcoin is very trusted and preferred for use in many bookies today.
2. Ethereum (ETH)
After Bitcoin, Ethereum is considered the most attractive virtual currency in the cryptocurrency market and has a market capitalization of twice that of XRP.
Currently, online betting players can bet with Ethereum at most bookmakers. Ethereum was launched in 2015 and has enjoyed relatively steady growth. Therefore, the risk of using Ethereum is very low. This growth promises to continue in the future.
3. Ripple (XRP)
Today, Ripple coin has been gradually becoming the face of particular interest to investors in the virtual currency market. Ripple cryptocurrency is a payment method developed precisely in 2004. Ripple founder at that time, Ryan Fugger, wanted to create his own currency system with maximum productivity. In 2012, Ripple was officially founded, taking the name of the company that built it, OpenCoin. In 2015, it was renamed Ripple. Currently, the betting market has also accepted Ripple to pay for transactions.
4. Tether (USDT)
Tether (USDT) is considered one of the most reliable stable coins today. Since its inception, this coin has appeared on many different blockchain platforms. In particular, Tether owns an increasing trading volume and liquidity in recent years. In 2020, Tether was rated as one of the top 4 largest cryptocurrencies in the world. At that time, it has the market capitalization of nearly $20 billion.
Therefore, Tether is increasingly asserting its position in the betting market.
5. Bitcoin Cash (BCH)
Bitcoin Cash was created due to different views in the Bitcoin community on how to scale the network. Although Bitcoin Cash has a way of working that is not suitable for the betting industry, Bitcoin Cash will create certain benefits for the online betting community. It won’t take much time for players to make a transaction like Bitcoin because you will only bet a small amount from Bitcoin cash.
6. Bitcoin SV (BVS)
Bitcoin SV (also known as Bitcoin Satoshi Vision) is known as a peer-to-peer cryptocurrency that allows users to send directly from one party to another without going through any other financial intermediaries.
On November 15, 2018, the blockchain was officially hard forked into 2 main coins: Bitcoin ABC (Adjustable Blocksize Cap) and Bitcoin SV (Satoshi Vision). Where the goal of Bitcoin SV is to restore the features of the original Bitcoin technology – decentralization, using virtual money (or cryptocurrency) as a method of payment and transactions, Bitcoin SV transactions can be done with many other cryptocurrencies with prices that may vary. Currently, the price of BSV is not stable. This is also a challenge for buyers, how to find the best deal in the market. This is also one of the most popular cryptocurrencies used in betting today.
7. Litecoin (LTC)
Litecoin, a cryptocurrency built on P2P peer-to-peer network technology, was released under the license of MIT/X11. This coin can be seen as a fork out of Bitcoin and possesses the ability to make instant payments. Especially, the LTC transaction fee is almost zero. The Litecoin network has the feature of helping users to control their own finances and has extremely high network security.
Litecoin was released through an open-source application on GitHub by Charlie Lee on October 7, 2011. Currently, Litecoin has appeared in many online casinos and has become one of the familiar cryptocurrencies to betting enthusiasts.
Referring to EOS, we can remember a relatively old token, the first ICO of EOS was on June 26, 2017, and ended on June 1, 2018. This is marked as “the longest ICO of all time”. At the same time, it is also called “the most successful ICO of all time” because it raised a huge amount of money, equivalent to over 4 billion USD for the EOS project.
EOS is a purpose-built platform that allows developers to build decentralized applications (also known as DApps for short) EOS also helps improve the experience for users and businesses. In addition to increasing security and reducing hassle for consumers, the project also strives to bring flexibility and secure compliance to businesses. Currently, EOS is being accepted at a number of online casinos because of the value it brings to the betting community.
9. Binance Coin (BNB)
Binance Coin issued by the Binance trading platform. This coin is traded under the abbreviation BNB and is run on the Ethereum blockchain platform according to the ERC-20 standard. This coin is only issued with a limited amount of 200 million coins. BNB was born with the goal of promoting trading activities on the Binance platform and its full ecosystem. The purpose of using this coin in the Binance system is mainly to pay for trading fees, exchange fees, and other trading platform fees.
This is one of the hottest digital currencies today, in the top 10 CoinMarketCap virtual currencies with the largest market capitalization.
Currently, you can use BNB to participate in betting at many reputable bookmakers in the market.