NuxGame updates its online casino solution – welcome new providers and cryptocurrencies on board – European Gaming Industry News
Online players no longer need to use their credit cards or bank accounts. They don’t need to use e-wallets or prepaid cards. With the global growth of cryptocurrencies, players can now deposit altcoins.
In practice, crypto gambling is similar to traditional gambling. First, you just need to deposit some crypto and start playing. Then find an online casino that takes your favorite coin. But which pieces are best for the game? Keep reading to find out the best cryptocurrencies for online gaming.
But first, let’s talk about cryptocurrency and how crypto gambling works.
How to play with crypto?
Cryptocurrency gambling is simple. To use the crypto casino, you must first have crypto. Then go to any crypto trading website and exchange your fiat currency for crypto. Although all cryptocurrencies are similar, there are some differences that may catch your eye. This we will discuss in the next section.
Best cryptocurrencies for gambling
When it comes to crypto gambling, we have to start with Bitcoin. There are several currencies, but Bitcoin is the original.
The history of Bitcoin dates back to August 2008. Bitcoin is the best crypto to buy or sell anything. Any casino that wants to accept crypto deposits will accept Bitcoin. The term “Bitcoin” is well known to crypto enthusiasts and investors.
Online casinos that take other cryptocurrencies convert them into Bitcoins. Thus, Bitcoin is the most popular cryptocurrency for online gaming because it is easy to use, fast, and free.
Because Ethereum is not just a cryptocurrency, it can be a great alternative for online gaming. It was not intended to be a crypto platform. It was designed as a blockchain-based distributed computing platform with operating system capabilities, not an operating system.
Many types of blockchain-based applications can be built on Ethereum. Moreover, there is a good chance that the platform also accepts cryptocurrency. The Ethereum coin is called “Ether” (ETH).
In short, because it allows them to keep money unless certain conditions are met, gaming companies now accept it.
Litecoin is often considered the most likely to challenge Bitcoin among the top ten cryptocurrencies by market capitalization. Litecoin continues to hold its own in the crypto sphere, despite its lack of market capitalization and coin value.
Litecoin has many advantages over Bitcoin, including faster transactions. At the time, Litecoin transactions took 2.5 minutes to process, compared to 10 minutes for Bitcoin. A few years later, the gap is smaller, but Litecoin is still faster. Due to its fast transaction speed, this coin is used by many gambling sites.
Last on our list is Monero, which is relatively new to the crypto world. Open-source cryptocurrency platform focused on decentralization, privacy, and divisibility. But make no mistake: Monero’s most important feature is its security.
Monero uses a proof-of-work system to enhance security with each new coin created. The system encourages miners to improve network security. Thus, each new currency increases security. Payments and account balances are hidden on the blockchain, proving Monero’s security. Unlike most other cryptocurrencies.
We have provided useful information on the best cryptocurrencies you can use for online gambling. And now it’s up to you to decide which coin could give you the best results while having fun and winning at crypto casinos like FortuneJack.