The appearance of Bitcoin in 2009 did not cause much intensity initially, and no one imagined it would hit such incredible heights as we see now. Everything started in 2017, and Bitcoin’s price shows no signs of slowing down. As of 13 January 2021, Bitcoin’s cost exceeds $34,000, and experts predict it will go even further.
Bitcoin is not the only available cryptocurrency in the world. However, we can say that it is the most popular one in terms of usability. With its surge, the online gambling industry has also decided to adopt different cryptocurrencies for payment and betting.
While, at first, the difference between various cryptocurrencies might not be visible, it should be said that still, there are slight differences that players always take into consideration, and casinos themselves are emphasizing these differences. In this article, we will talk about this topic.
Speed
No question, one of the most significant advantages of cryptocurrency is the speed of transaction, which is executed instantly. Usually, for withdrawals, you do not have to wait for a long time to have your translation accepted.
According to Bitcoincasinosreviews.com, one of the most recent websites for guides and tips for BTC casinos, transaction speed is a critical factor for players in choosing BTC casinos.
Ethereum, for example, is better at speed than Bitcoin. Yes, there is a minimal difference, but for players, this difference sometimes plays a huge role. Ethereum is based on a completely different system, which is why it is faster than Bitcoin.
As for other cryptocurrencies, you might not notice any significant change. But still, speed is a pivotal factor for players.
Price
Bitcoin currently has the most significant price in the world, and no other cryptocurrency comes closer to that rate. Players usually gamble with Bitcoin but see it as an investment. Bitcoin is a volatile currency that changes all the time and is characterized by rapid surges and declines.
We can say the same about other cryptocurrencies, but there is an important detail. Cryptos like Ethereum or Ripple does not change significantly. So if you are playing with Bitcoin, you should be more cautious about fluctuations. You can benefit and fall at a disadvantage because of Bitcoin’s price.
Security
As for security, there are no significant differences between cryptocurrencies. Because Bitcoin is the first cryptocurrency in the world that was created in 2009, it can have the upper hand over other cryptos, but nothing too significant.
Every cryptocurrency can guarantee its users that they are safe, secure, and free from government surveillance. This is one of the main reasons why people in countries where online gambling is restricted choose Bitcoin for playing.
Easy Access
Different coins can offer additional requirements for purchasing particular crypto, and sometimes the process could become too protracted and complicated. Once again, as has been mentioned above, the differences that we are talking about are not significant, and everything is relative compared to various cryptocurrencies.
The Bottom Line
Even though it is tough to notice any significant differences at first glance, various coins offer advantages and disadvantages to their users. You can be sure to get the critical benefits from cryptos, such as anonymity, security, and speed of transactions. Still, these advantages might be slightly different when it comes to specific cryptos.
