List of the Best Cryptocurrencies for Betting

Crypto betting isn’t just a case of buying some Bitcoin and betting anymore. There are so many different cryptos out there that it can take quite a bit of effort to find the right one for you. To help you to find the right one we’ve collated a list of our top 5 best cryptocurrencies and why they are a good choice.

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What Most People don't know about Cryptocurrency Betting

Before we cover the best cryptocurrencies for betting, there are a few things that will help you on your journey. It’s not always as simple as choosing the right cryptocurrency for you, there can sometimes be other elements that come into play at crypto betting sites.

Some Sites have their Own Crypto Ecosystem

While it’s still the minority at the moment, there are some sites out there with their own tokens in place. If you want to play at one of these sites, then the best cryptocurrencies might not be applicable to you. In this situation, you will have to play with the crypto that they have available. So, when looking over the sites that you want to play at, it is important to ensure that it has a wide range of different cryptocurrency options if you don’t want to use the native token.

Provably Fair Games

It’s important to take into account that if you want to play provably fair games, you may have to make a compromise with your crypto choice. The best cryptocurrencies on a general level, might not be available at sites with provably fair games. It means that it’s another area that is important to look into.

Hybrid Casinos

This is something that is often overlooked. Some hybrid casinos allow players to make deposits with crypto, but then require an exchange to play with fiat. It removes a lot of the benefits of playing with cryptocurrency which in turn means that the best cryptocurrencies for you will most likely be whichever the site accepts. However, if the site allows for withdrawals in crypto, then it means that there’s still value for you when it comes to choosing the right crypto.

Why you Need to Choose the Best Cryptocurrency for Betting

The best cryptocurrencies will vary from person to person. Whether you know what you want or are stuck with what to choose, it’s always good to get as much information as possible in order to pick the right choice from the best cryptocurrencies that are out there. That’s why we’ve put together a quick guide to what you need to know when deciding on the crypto you want to use.

Standard Things to Look For

Speed, security, cost and ease of use are all important factors to look when when choosing the best cryptocurrencies. However, these are the standard things that most people are already aware of. There are also other aspects that have to be looked into which can form a much more full opinion on which cryptocurrency is the best one for you.

Continued Work on Improvements

There are a lot of cryptocurrencies that are happy with how they are and just stand still. On the other hand, there are cryptocurrencies that are continuously striving for improvement. A great example of this is Ethereum. It’s one of the oldest cryptos out there but work is constantly going on to attempt to make it one of the best cryptocurrencies. If you want a crypto that will offer better features the longer you use it, then this is something that’s worth looking into.

Features Outside of Currency

A lot of the best cryptocurrencies focus purely on being a cryptocurrency. However, there are a lot of innovative cryptos out there that are expanding into other areas. One of the biggest is blockchain gaming. It’s coming along at an extremely fast pace and it’s likely that online casinos will go down the blockchain route in the future. As such, if you’re interested in playing a game that will have its own dedicated economy in the future, it’s worth looking into which cryptos are being used to develop games.

Stability

This often gets overlooked. The volatility of crypto is well known, so a lot of the best cryptocurrencies will be more stable on the market. It means that players will have to look at this in two ways. If you’re looking to maintain the value of your potential winnings, then a more stable crypto would be the right choice for you. However, if you want to increase the value of your holding while also increasing how much you have, then a more volatilite crypto would be amongst the best cryptocurrencies. You need to think about what you want in order to approach this from the right direction.

5 Best Cryptocurrencies for Betting

The top 5 that we have chosen all have different reasons for being on the list. Look through the selection and find out which one is the best for you!

Bitcoin

No list would be complete without Bitcoin being mentioned. It’s the most common and most popular crypto on the market at the moment. For many people, this makes it the best cryptocurrency. One of the biggest benefits of using Bitcoin for betting is that it’s available at most crypto betting sites. If you want access to the biggest selection of online betting sites, then bitcoin should be your crypto of choice.

Of course, Bitcoin also has high levels of security, allows for anonymous betting and is widely available. All of which adds to its appeal.

Bitcoin Cash

Bitcoin Cash (BCH) is a fork of Bitcoin. Since it was introduced it has been almost as widely accepted as Bitcoin. While the value isn’t as high as Bitcoin, it’s still relatively stable. What it offers over Bitcoin are faster and cheaper transactions. However, it’s not quite as secure as Bitcoin is as a tradeoff. This doesn’t mean it’s vulnerable by any means, it just means that the validation rules are not quite as strict as those for Bitcoin.

Ethereum

Ethereum is a popular choice for a lot of different reasons. Firstly, it’s the second biggest crypto on the market. This means that it’s widely available at a lot of different crypto betting sites. It’s not quite as widespread as Bitcoin is, but it still covers a significant portion of the market. The benefits of ETH use are huge though. Partly due to the potential that is available in the future. Smart contracts and software development are big parts of what Ethereum is driving forward. It means that there’s much more potential with ETH than with other cryptocurrencies. Smart contracts specifically are what will drive the development of decentralized apps in the future.

Dogecoin

Dogecoin might have been created as a joke, but it’s actually become quite a useful tool for crypto gambling. Part of the reason for this is that it’s relatively low cost, is secure and cheap to transfer. It makes it almost the perfect cryptocurrency for betting online. There’s also an unlimited supply of Doge, which means that there’s no issue around scarcity as more people move to use it. If you’re looking for a cheap way to get started with crypto betting then Dogecoin is one of the best ways to do so.

Ripple

Ripple is a controversial choice. It’s extremely fast, very cheap and more environmentally friendly than most other cryptos. On top of this, it has absolutely fantastic security in place. At face value, it makes it almost the perfect crypto choice. However, there is one issue that stops it from really standing out from the rest of the market. It’s not particularly popular with users. This has hindered it from being accepted at a lot of betting sites. It means that if you find a site that offers your needs and allows for Ripple to be used, it makes it a solid choice to bet at. With Ripple not being widely accepted, it stops it from being the absolute top crypto for betting. This might change in the future, but at the moment its lack of popularity means it gets dragged back down in the standings somewhat.

Your Best Cryptocurrencies for Betting

The best cryptocurrencies are a subjective concept. That’s why we have put forward a number of different options. However, it’s important to understand that this is a constantly evolving topic. The best cryptocurrencies at the moment might not be the case in six months’ time. This is why you should be willing to change your choice if something better comes along.

On top of this, you should also understand that what is right for one person might not be right for someone else. Make sure you look at the most important aspects of your needs.

Best Cryptocurrencies for Different Needs

Understanding what you need for each specific need is a vital part of finding the best cryptocurrencies. So, with that being said, we’ve put together a quick list of what we feel are the best cryptocurrencies for different types of bettors.

  • Best for Speed – Bitcoin Cash
  • Best for Gas Fees – Ripple
  • Best for Stability – Bitcoin
  • Best for Availability – Bitcoin
  • Best for Future Potential – Ethereum

Of course, the crypto sphere is constantly evolving, so make sure to keep your research regular in order to stay ahead of the game.

Will Wood
Written by Will Wood verified symbol Crypto Gambling Expert
28 Articles

Will is a professional writer who has been active in the crypto space since 2016. With a growing portfolio and a keen interest in blockchain technology, he is always on the lookout for anything new that can have a positive impact on the world.

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