Online casinos like Betswap have embraced crypto as it rises in fame.
Player popularity has made it one of its top payment options. These comprise the transaction speed when making deposits or withdrawals. Low-cost fees, extra security measures, and more privacy and anonymity are other benefits.
The main difference between crypto gambling and fiat is their decentralised transaction.
Bitcoin (BTC)
Not only is Bitcoin the most well-known cryptocurrency, but it’s also the most widely accepted at online casino sites. It operates on a decentralized network of computers (nodes) that maintain the blockchain, removing the need for central authorities such as governments or banks to control it.
During peak times, transaction speeds may be longer, but overall, deposits and withdrawals should be instant. This method is ideal for players who value security and are willing to pay slightly higher fees.
Ethereum (ETH)
The second largest crypto-pay option is Ethereum. It is best known for its smart contract functionality. Ethereum also harnesses blockchain technology and its transaction speed on casino deposits and withdrawals is faster.
But it also includes DeFi features and financial services beyond gambling. Earning interest off your casino balance, predicting markets, or even through smart contracts are just some of these.
Litecoin (LTC)
Litecoin works very similarly to Bitcoin but has faster block times and lower processing fees for your deposits and withdrawals. It has become popular and widely accepted at top crypto casino sites. It is ideal for any player who values faster processing speeds and cheaper fees without compromising its incredible security features.
Tether (USDT)
One of the main perks of using Tether is that it is pegged against the US Dollar. This means it offers more stability than the other crypto options with fewer price fluctuations. It provides a stable and secure way to pay at crypto casinos. It offers fast transactions and very low fees. It’s perfect for players who prefer not to have to worry about volatility like the other cryptocurrency options.
DAI
This Ethereum-based stablecoin has many advantages for gambling. It is also soft-pegged to the US dollar, reducing the volatility risk. It also offers Smart Contract integration, and you can use it across borders without having to fork out for currency conversion fees. It has super-fast processing speeds for your deposits and withdrawals and low costs.
Betswap (BSGG)
We listed our token, BSGG, on a decentralised exchange in January 2022 after launching it in May 2021. This crypto payment method allows you to use it for casino gaming only at Betswap and offers cashback rewards on your stakes. It has low fees and fast transaction speeds for casino deposits and withdrawals.
Polygon (MATIC)
Running alongside the Ethereum blockchain, MATIC’s benefits include speed, security, and cost efficiency. This modern crypto payment option is perfect for high-value transactions, supports multiple blockchain networks, and is eco-friendly. As a decentralised finance project (DeFi), it enhances its utility beyond gaming.
Tron (TRX)
TRX offers near-instant casino deposits and withdrawals. Due to its blockchain technology, part of its appeal is its low to zero fees and privacy features. It uses Smarts Contract for transparency in your gameplay and can handle more transactions per minute than Ethereum or Bitcoin.
It was developed for the GameFi sector. It supports DApps and is easy to exchange with other cryptocurrencies, offering flexibility for its users.
TON
TON provides extremely fast casino transactions and can process up to 100,000 per second. Due to its high scalability, it has low fees for moving your casino funds and no delays. One of its benefits is its integration with Telegram, the messaging app. It also supports Smart Contracts and DApps.
It also employs an advanced proof-of-stake consensus mechanism, offering a more energy-efficient option.
USD Coin (USDC)
This stablecoin is also pegged to the US dollar, reducing volatility and stabilising prices. It offers instant transaction speeds for deposits and withdrawals and low to no fees. It is backed by U.S. government obligations, ensuring trust and transparency. It is also available on many blockchain networks like Solana and Ethereum.
It has grown rapidly and is now one of the largest stablecoins. Due to its wide acceptance, it also bridges the gap between crypto and traditional payment.
Recommendation of Crypto Wallets and Exchanges
If you are new to crypto and unsure where to start, we have included links to the top wallet and exchange providers.
Wallets:
- Coinbase Wallet: https://www.coinbase.com/wallet
- MetaMask: https://metamask.io/
- Trust Wallet: https://trustwallet.com/
- Exodus: https://www.exodus.com/
Exchanges:
- Coinbase: https://www.coinbase.com/
- Binance: https://www.binance.com/
- Kraken: https://www.kraken.com/
- Gemini: https://www.gemini.com/
Conclusion
Crypto has many benefits when used at Betswap. You can enjoy fast transaction speeds, low fees, anonymity, and first-class security features. You may also potentially claim crypto casino-specific bonuses, which are worth keeping an eye out for.
Decide which crypto option will suit your gambling requirements, whether speed or fees. Then, you can choose one of the premium wallets or exchanges we’ve recommended to get set up.
Experience the future of gambling! Check out Betswap’s offering and explore the diverse payment methods that offer speed, security, and convenience!
Disclaimer: Cryptocurrencies, except stablecoins like USDT, are prone to significant price volatility. The value of your assets can fluctuate dramatically over short periods. It can lead to gains or losses for investors. Factors include market speculation, regulatory changes, technological developments, and economic conditions. The past performance of any crypto does not guarantee future results, and you should be prepared for the possibility of losing your entire investment. It’s essential to research and understand the risks before investing thoroughly.