Bitcoin remains the most popular cryptocurrency, but there are other cryptocurrencies widely used in the online gambling world.
The advantage of using Ethereum in an online casino, is that their decentralised software helps create a smart contract on their network that cannot be breached by third parties, making this payment platform highly secure, meaning that the player does not have to worry about the security of their banking details.
The security, coupled with the speed of its transactions when compared to traditional payment methods, make Ethereum perfect for use in online gambling.
Dogecoin has a comical origin: it emerged with the purpose to make fun of the cryptocurrency trend, however its market value had a meteoric growth with a whole new wave of support led by Elon Musk. Since then, Dogecoin has created its empire with a market value of around $85 billion. One of the differences between Dogecoin and Bitcoin is that, unlike Bitcoin, its supply is unlimited.
Dogecoin can also be used in online casinos and one benefit of using it is most of the Dogecoin casinos do not require use of your personal data, which allows the player to play in a completely anonymous way.
Litecoin’s technology allows for fairly fast transactions. Created by Charlie Lee in 2011, Litecoin is inspired by Bitcoin, and functions quite similarly to it. However, the advantage that Litecoin offers is that it generates blocks at a much faster rate, leading to a faster transaction process.