The month started with rather frequent Bitcoin gambling as usual, but after the month passed on – an increasing amount of players started to HODL their Bitcoin rather than use them for playing.
Naturally, players are moving into using other cryptocurrencies that they believe are going to remain more stable and less volatile for the moment. Interestingly, since the flow of capital is coming from institutional investors into ETFs, the capital should remain locked into Bitcoin as opposed to flowing into alts, as we’ve seen in previous cycles. However, that of course doesn’t prevent
Coins that players found overvalued gained usage on the best crypto casinos, including but not limited to BNB, SOL, ETH and USDT are the four biggest this month. At the same time, LTC and Shiba Inu seems to be gaining ground on crypto casinos around the world as a good alternative to deposit with.
Why use USDT for crypto casino deposits?
Tether (USDT) is the most common stablecoin, one that you exchange to from other cryptocurrencies… preferably after taking a profit! Playing casino after that can be a sweet treat, a little fun after your balance has run into the positive.
Perhaps the most easy to understand for traditional online casino players, since it’s pegged exactly with the US dollar, it means a bonus that would normally be – for example – 2000 USD simply needs a ‘T’ added to the end for you to know how much Tether is up for grabs. This peg provides a level of stability in value that is not present with other cryptocurrencies, whose volatility can significantly affect the real-world value of deposits and winnings. For better or worse!
You can see sites to deposit USDT it here!
Why use BNB for crypto casino deposits?
BNB (see where to deposit) is an interesting one, especially considering the company associated with the coin is in a spot of bother with US authorities. Although ‘CZ’, as he was known in the industry, has stepped down and the company has agreed to large fines, the reputation of Binance is somewhat soiled.
That doesn’t seem to have affected the rally of its flagship coin though. In February 2024, Binance Coin had a market cap of more than $36 billion and ranks behind only Bitcoin, Ethereum, and USD Tether in terms of market cap.
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Why use Ether for crypto casino deposits?
Ether (coin review) is arguably the second most famous crypto after Bitcoin – and for good reason. It’s the second placed in terms of market cap too. The flagship and utility coin of the Ethereum network, the coin is super popular on tons of crypto casino sites.
Using Ether (ETH) on crypto casinos has become increasingly popular for several reasons, even when compared to the more widely recognized Bitcoin (BTC). Firstly, ETH transactions often benefit from faster processing times than BTC, meaning that deposits and withdrawals can be executed more swiftly.
Additionally, when it comes to truly decentralized casinos, Ethereum’s smart contract functionality introduces a layer of transparency and trustworthiness that is appealing in the context of online gambling. These smart contracts can automate and verify casino operations, ensuring fairness and reducing the potential for fraud.
See all Ethereum casinos!
Why use Solana for crypto casino deposits?
Solana – or SOL to give it its currency as oppposed to network name – is a firm favorite among the team at Crypto Lists. And, casinos that allow you to play with it are popping up all the time. It’s really quite incredible how a coin that looked destined to suffer the same ‘to zero’ fate as Terra Luna has rocketed right back to prominence. And, its appearance at so many gambling sites is testament to such popularity.
Using Solana (SOL) on crypto gambling sites has garnered attention for its unique advantages, particularly its blazing-fast transaction speeds and significantly low transaction costs. Solana’s high throughput capability ensures that gambling activities, including placing bets and processing winnings, happen almost instantaneously, providing a seamless experience for players.
This efficiency is crucial in live betting scenarios where timing is everything. Not to mention the minimal transaction fees which make it a cool choice for both players and operators, allowing for smaller bets and maximizing returns on winnings!
Find all casinos accepting Solana!
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Why use meme coins for crypto casino deposits?
One coin we didn’t expect to see used so frequently on crypto casino sites in February 2024 was Shiba Inu (SHIB). But yep, alongside DOGE it’s flying the flag for the meme kids and crypto degenerates across the land!
Do to their lack of inherent value, as well as the shady startup of many of them which appear to be pump and dump schemes, the forthcoming MiCA regulations in the EU (as well as the UK’s own crypto regulations to coincide) could put meme coins under a bit of pressure. It’s certainly something to keep an eye on. But, this might mean a big gambling increase over time as people seek to use their meme coins as a currency on casinos.
So that about wraps it up. We hope you’ve enjoyed this leap year February when it comes to your crypto gambling fun.
