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The Biggest Crypto Betting Currencies

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Crypto betting has become a fun hobby for those that take a combined interest in cryptocurrencies, sports and gambling. Waiting around for the value of your crypto coin to go up could be a lengthy process. In the meantime, to spice up your hobbies of watching sports or gambling at casinos, you should look into placing bets, but with the crypto you’re holding onto.

Many sites and apps offer people to bet with their crypto for all types of casino games and sports such as football or even Esports video game tournaments. The betting can take place online, with fast & safe transactions that don’t compromise your anonymity.

What’s important to note is that not all crypto betting sites & apps accept every cryptocurrency out there since there is a lot to choose from. The value of each crypto currency constantly fluctuates, making it a risky business manoeuvre for many of these sites & apps.

However, the crypto betting sites like Coincasinos.com and apps do tend to accept the same few cryptocurrencies as everyone else in the market for the same reasons that make them the best crypto betting currencies. This includes the following:

Bitcoin – The market leader of cryptocurrency is clearly the dominant force in the crypto betting market since it has remained in the number one spot in value compared to other cryptocurrencies since the birth of crypto. Amassing a total 41.9% market share out of 2,000 various active cryptocurrencies.

Ethereum – Released in 2015, Ethereum holds the second total market share out of all cryptocurrencies, falling slightly behind its elder counterpart, Bitcoin. The appeal of Ethereum is being an open-source, decentralised blockchain that includes smart contract functionality. Many see Ethereum as more of an advanced technology compared to Bitcoin, which will one day overtake its predecessor, giving owners of crypto betting sites & apps hope in the coin.

Ripple – While Ripple is not one of the top 2 cryptocurrencies like the latter mentioned cryptos, it still holds wide acceptance and popularity with crypto betting sites & apps thanks to its technological features that are well-optimised for betting and a good investment as a future currency.

Firstly, Ripple has been considered one of the most environmentally friendly coins to mine compared to other cryptocurrencies due to the lack of electrical input needed to mine the crypto coin. 

Secondly, in relation to betting, transactions with Ripple are faster than other cryptocurrencies, taking between 3-5 seconds compared to crypto coins such as Bitcoin, which can take up to 10 minutes!

Bitcoin Cash – With a total market capitalisation of nearly $5.4 billion, Bitcoin Cash is in third place regarding total crypto market share. The benefit Bitcoin Cash holds over Bitcoin in betting is that it offers a larger blockchain that carries out more transactions per second. While being a spin-off altcoin from Bitcoin back in 2017, it holds this advantage over the more popular crypto coins similar to Ripple, which is why these two coins earn their place in this list.

EOS- This cryptocurrency is arguably the least popular on the list but it has its advantages to why the coin is becoming widely accepted amongst the crypto casino crowd. A common highlight you hear about EOS is the smart contract technologies associated with it. Where it carries the security of Bitcoin while maintaining the computer support of Ethereum.

The crypto coin is not only multi-faceted, but it claims to be faster and more scalable than Ethereum when it comes to betting. 

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