Popular Cryptocurrencies Used at Online Casinos in Ireland
About a decade ago, cryptocurrency was a language understood by very few people. Nowadays, the story has changed as an estimated number of about 11,000 cryptocurrencies are said to exist. The rapid growth of the crypto industry has been embraced by diverse sectors of activities including the online casino market. Now, it is possible to conveniently initiate crypto payments at hundreds of online gaming sites. In this post, we’ll delve into the crypto world to look at some of the most popular cryptos accepted by casino operators in Ireland one of which is Bitcoin.
Cryptocurrencies Available at Irish Online Casinos
Real money gaming is possible with a wide variety of currencies which is why beyond the euro for Irish players, cryptocurrency can also be used.
The most common cryptos you can use online include the following.
Being the very first crypto, the popularity of Bitcoin is understandable. It has grown in value over the years and now serves as a major means of payment across millions of platforms online. When playing at a Bitcoin casino, you can expect anonymity, rapid payments, and even bonuses. Although the crypto is unstable and easily affected by price fluctuations, it uses advanced blockchain technology making it one of the safest of its kind. At Irishonlinecasino.ie, experts have reviewed and regrouped the very best Bitcoin casinos for players in Ireland.
Abbreviated ETH, this crypto is one of the most innovative of all cryptos as it enables users to take advantage of in-app development services. In other words, users have access to NFT games and blockchain games making it possible for them to earn real-time ETH assets. In the casino online world, Ethereum comes second to BTC and hasn’t ceased to grow in value over the past years. ETH offers anonymous gaming, its payments are rapid and incur relatively low processing fees.
Inspired by Bitcoin, LTC is a peer-to-peer crypto that has been in circulation since 2011. It is not a stablecoin and serves numerous purposes including mining and online purchase. Casino operators often motivate players to use Litecoin by making available welcome bonuses after a qualifying deposit is made. As its name suggests, it is designed with lighter systems to deliver speedier transactions and save players the stress of waiting for a long time to start gaming. Its mobile compatibility and ease of use are also contributing factors to its popularity among crypto fans.
As surprising as it may seem, when the Dogecoin adventure started about a decade ago, it wasn’t expected to have so much success. At the time, there were lots of speculations about cryptocurrency and its creators thought it would be “fun” to invent it. Indeed, it is often referred to as a meme-based cryptocurrency and the appearance of the coin features the face of a dog. Despite its look, Dogecoin has been widely accepted as a legitimate investment prospect and it didn’t take long for the online casino industry to do the same. The coin is accepted for deposits and withdrawals at numerous crypto online casinos and like Bitcoin, its network provides real-time consensus.
This is one of the most popular stable coins used for gambling and its fluidity simplifies conversions. It goes by the acronym USDT which is the Tether token. In the blockchain domain, it has the same value as the American dollar making it a flexible payment option for gamers. User data is kept safe from phishing, hacking, fraud, and other potential threats through several layers of security including 2FA and advanced API permissions.
This crypto may lack the popularity of cryptos like Bitcoin but it is considered an ameliorated version of most cryptocurrencies. Its electronic leger, the XRP is responsible for keeping transaction data and is secured with private and public keys. The system settles payments in a few seconds which makes it a good choice for rapid casino withdrawals.
Apart from the above cryptos, online gamblers are also growing fond of Bitcoin Cash and Binance Coin. The former is very much like Bitcoin except that it has 8 MB infrastructure and is a stable option for the transfer of funds. As for Binance Coin, in-app flexibility is one of its greatest attributes. Very often, it’s possible to find at least five of the above cryptocurrencies on the same casino site. As a matter of fact, you can find the very best crypto online casinos in Ireland by visiting Irishonlinecasino.ie.