Crypto for Betting

Currently there are over 18,000 cryptocurrencies. And new projects, with brand new coins, are being created each day. For that reason, we went through a careful process of deliberation and selected only the best ones to work with. This way, you may enjoy all of the thrills of online gambling, whilst using your favorite crypto for the job.

CRYPTO BETTING

Cryptocurrencies

BITCOIN

The very first cryptocurrency ever created. Nowadays, it is common knowledge, but it still needs to be stated that bitcoin at the time of its introduction was revolutionary. The sheer amount of projects that tried to imitate its success is proof enough of how historically relevant the whole thing was. The whole idea came from the thought of providing a safe and anonymous method of online payment that would be completely decentralized.

ETHEREUM

This crypto was conceived by the famed programmer Vitalik Buterin. It was thought of as bitcoin but with a twist. Buterin thought that blockchain technology could benefit from having more than just money on it, and should instead be used for a variety of other applications. Besides the difference in price, this crypto distinguishes itself from bitcoin as it uses “Proof of Stake”. This is its main form of guaranteeing online transaction speed and safety, which is a lot less energy-consuming. Therefore a lot more environmentally friendly than Proof of Work, which requires a lot more computational power.

USDT

This is a token issued by the Hong Kong Company Tether Limited. USDT was conceived as a form of “stable-coin”. This means that any user could withdraw their money into more conventional currency at any time, due to it being fully backed by dollar reserves from US companies. It has become most known for its ease of use in purchasing other crypto assets and also for being a kind of safeguard against inflation.

Advantages of Using Crypto for betting

  • Their decentralized nature makes it near impossible for someone to take them away from you or “freeze your account”.
  • Your personal information is safe, as anonymity is one of the core tenants of the whole concept.
  • They are internationally accepted as valid payment methods while some countries local currencies aren’t.

Hopefully, this quick summary of the cryptocurrencies we work with was helpful to you. However, if you are looking for a more detailed explanation of each one, feel free to check out the pages we have written on each of these.