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5 Best Altcoins for Gambling Online
Hunting for the best Altcoins for gambling online? If you’re not a fan of Bitcoin or other major cryptocurrencies, I can see why.
By definition, an altcoin is any cryptocurrency alternative to the world’s most popular crypto, Bitcoin (BTC). There are literally thousands of such digital currencies out there, which begs the question of what are the best altcoins for online gambling.
In this post, I will present you with five altcoins that are commonly accepted at the best cryptocurrency casinos.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a form of Bitcoin, meaning that its source code is taken from BTC. It was launched in 2017 and has already established a solid reputation in the online gambling world.
The No. 1 reason why gamblers think Bitcoin Cash is one of the top altcoins out there is that it’s very fast. This altcoin processes 116 transactions per second on average, while Bitcoin’s rate is just 7.
Another reason why Bitcoin Cash is one of the best altcoins for online gambling is that you can deposit smaller amounts using BCH. For example, the minimum deposit for Ethereum at Thunderpick Casino is $30. With Bitcoin Cash, however, you can deposit as little as $1.10.
This happens to be the #1 site for betting on esports. You can call read our Thunderpick review to learn more, or head there now.
Ripple (XRP)
If you thought Bitcoin Cash was fast, wait till you learn about Ripple (XRP). This altcoin processes up to 1,500 a second on average, which is more than 200 times faster than Bitcoin.
Ripple is also significantly faster than many top altcoins, including:
- Ethereum (ETH) – 30 transactions per second (average)
- Litecoin (LTC) – 56 transactions per second (average)
- Bitcoin Cash (BCH) – 116 transactions per second (average)
- Cardano (ADA) – 1,000 transactions per second (average)
- Steller (XML) – 1,000 transactions per second (average)
So, if you don’t like waiting for deposits/withdrawals to process, Ripple is one of the best altcoins for gambling online in your case. It’s also great for coming with low minimum deposit and high payout limits.
The only downside is that Ripple isn’t as commonly accepted in the online gambling world as other top altcoins like Ethereum or Bitcoin Cash. There are, however, some online casinos that work with this altcoin, the best example being High Roller Casino.
That is the place where you can deposit anywhere from $20 to $100,000 in one go using Ripple, with no processing fees.
This site is terrific for slots and other casino games, while they currently offer an insane $8,000 bonus plus 100 free spins when you first sign up. Check out the best High Roller Casino slots, or visit the site now to start using Ripple to gamble now.
Ethereum (ETH)
Ethereum with its coin Ether (ETH) is the original altcoin. It’s the No. 1 alternative to Bitcoin, with a total worth of over $450 billion. Its popularity in the cryptocurrency universe is second only to Bitcoin, which is why it’s understandable that most crypto-friendly gambling sites accept Ethereum as a banking option.
You can deposit/withdraw funds using Ethereum in the same manner as you would with Bitcoin. For your first-ever deposit with ETH, some casinos might reward you with a bonus. For example, over at Ignition Casino, your first Ethereum deposit will unlock the welcome bonus of 300% up to $3,000.
With most internet casinos, ETH payments are usually processed straight away by the casino, after which you just need to wait for the Ethereum blockchain to complete the transaction.
This, actually, is one of the main advantages of Ethereum over Bitcoin – its confirmations are significantly faster than Bitcoin’s.
When it comes to privacy and security, it’s on-pair with Bitcoin. Want to learn more and find out where to play with Ethereum? Check out our guide to the best Ethereum casinos.
Monero (MNR)
In the crypto community, Monero (XRP) is known as a “privacy coin” for the fact that it’s almost impossible to crack.
You can make anonymous payments from your MNR wallet to your online casino account and vice versa without the knowledge of any third parties.
Monero transactions are fast and online casinos usually process them with no fees attached. In some cases, MNR deposits will unlock bonuses and promos that the casino is offering.
Now, let’s talk about the bad sides of Monero. Actually, there’s only one disadvantage of using this altcoin for online gambling – not many gambling sites accept MNR.
The good news is that there are a couple of top-rated gambling platforms that will let you use Monero for deposits and withdrawals, the most notable example being BC.Game Casino.
This online casino has a crypto converter known as BC Swap that allows you to exchange MNR for any other crypto that’s accepted on its website – BTC, ETH, LTC, DOGE, and many others.
Take a look at the top slots to play at BC.Game or head there now to see what you can play with Monero.
Tether (USDT)
The main reason why Tether (USDT) belongs on our list of the perfect altcoins for online gambling is that its value is pegged to the US dollar – 1 USDT equals 1 USD.
Tether’s price is always the same, which isn’t the case with other altcoins. For instance, in the first three months of 2024. The price of Ethereum fluctuated from $2,211 to $4,066.
So, if you value stability, Tether is the right altcoin for you. This, however, is just one on the long list of reasons why this is one of the best altcoins for gamblers.
Other reasons include transaction speed, security, and the fact that it’s commonly accepted in online casinos. Bovada, BetOnline, DuckyLuck – these are just some of the casinos that accept Tether payments.
Which one you actually roll with is up to you, and really just depends on what you want to gamble with Tether on. My vote would be for Bovada, simply because it offers a little bit of everything and is probably the most reputable option of that trio.
Bovada’s welcome bonus is solid (125% up to $1,000), and they offer both a versatile casino and an amazing sportsbook. They’re a great place to start if you’re new to gambling with Tether. I suggest reading our detailed Bovada review, but you can head there ASAP if you want to.
