The 5 Best Cryptocurrencies for Gambling: Ranked

Online gambling experienced a renaissance at the same time as cryptocurrencies bursted on the financial scene. But, while everyone has a general idea of what online gambling is all about, cryptocurrencies are still surrounded by a veil of mystery, and yet we can’t stop talking about it.

Whether it be Forbes, CNN, or a work colleague, it seems that everyone has an opinion about cryptos. After all, they are becoming so popular, that many online casinos offer them as a valid payment method, equal to more traditional ones like bank wire or credit cards. You can find top Ethereum casinos online, but if you want to learn more about the best cryptocurrencies for gambling, make sure to keep reading.

What Are Cryptocurrencies?

Cryptocurrencies, also known as cryptos or altcoins, are an alternative to traditional fiat currencies. The best way to think of them is as a digital money currency as they don’t have a physical form (even though they have a “coin” in their name). Cryptos exist online, and the only way to know who owns how many cryptos is via blockchain. A blockchain is a distributed ledger that tracks transactions.

Cryptocurrencies have no central authority or a bank that has to authorize the transaction. It is a peer-to-peer currency, which means that the only parties involved in the transaction is the person sending coins, and the person receiving coins.

Nowadays, there are over 5,000 types of altcoins available, with a total market capitalization of $201bn. Still, only a few of them are worth your time and money, especially if you plan to use them only to play in your favorite online casinos. Most online casinos support only a few cryptos, and not all 5,000.

How to Use CryptoCurrencies for Gambling?

Using a credit card or e-wallet has been an essential part of our everyday lives for decades, so there are no second thoughts about them. But how to make a deposit with cryptocurrencies in online casinos?

After finding a suitable casino, that not only supports the cryptocurrency of your choice but also has a proper license, clear and concise terms and conditions, and offers a variety of games, you will have to do as follows:

  1. Create an account with a crypto wallet. There are many brands available online, and some support more, and others just a single altcoin.
  2. Verify your personal information by delivering the requested documents. This is an important step that will enable you to do transactions.
  3. Buy a cryptocurrency of your choice. You can do so on special cryptocurrency exchanges.
  4. Go to the deposit page of your online casino and choose the cryptocurrency of your choice, type in the amount you wish to deposit, and submit.
  5. The deposit should be almost instant. Now you can enjoy all your favorite games.

As always when doing transactions online, make sure to do business only with safe e-wallet providers and crypto exchanges.

 

Top Cryptocurrencies for Gambling

Cryptocurrencies have been considered unsafe, unreliable, and even illegal for a long time, mostly due to the fact that they can be somewhat difficult to understand, especially as we are surrounded by traditional currencies at all times. But, the online casino industry was one of the first to see the full potential of cryptos. Just like many other innovations, the gambling industry welcomed altcoins from the very start. The number of online casinos offering deposits, playing, and withdrawal in cryptos is growing each day, and it seems that the growth of crypto casinos won’t slow down anytime soon.

If you are looking for a cryptocurrency to use in gambling, check out our favorites!

Bitcoin

Bitcoin (BTC) is for many synonyms for cryptocurrencies. No wonder, as it was the first cryptocurrency ever. Created in 2008 by Satoshi Nakamoto, it remains the most popular digital currency all over the world. It is very exciting for many, as it can be exchanged for fiat currencies, rewarded for crypto mining, and is more often than not, considered the most reliable and trustworthy cryptocurrency on the market. Some even claim how 50% of all cryptocurrency transactions involve Bitcoin.

Bitcoin is widely available as a payment method in many online casinos, both mainstream ones and those specialized exclusively in crypto transactions. Bitcoin has a strong presence on all continents and in more industries than any other crypto, so it is fair to say how it won’t disappear anytime soon. Also, due to its longevity, it is becoming recognized as a “real” currency by regulatory authorities all across the globe.

The fact that is becoming more mainstream than ever is also a sort of burden on Bitcoin. Some former Bitcoin fanatics claim how it is on its way to becoming something between crypto and fiat currency. Also, Bitcoin prices are extremely high, and most people find it hard to afford even a fragment of it. In December 2017, Bitcoin reached its all-time high – $19,783. In 2020, however, the price is closer to $6,000, but still higher than average crypto price, especially considering how in May 2010 it was worth less than $0.01.

Ethereum

Ethereum (ETC) is another cryptocurrency that is gaining in popularity. It was created later than Bitcoin, in 2015, when a Russian-Canadian programmer Vitalik Buterin introduced a new concept of blockchain protocols. The main innovation was that Ethereum utilizes the data movements as well, but not only in financial transactions like Bitcoin does. Ethereum platform allows all users to create and participate in contracts. Basically, it is used as a modified and updated version of Nakamoto’s consensus. Ethereum platform generates cryptocurrency called Ether, but these two are often used as synonyms.

It is believed how each day 100 000 new accounts are opened, and a new Ethereum block is created every 14 seconds. At launch, there were only 72 million Ethers in circulation, and nowadays 18 million Ethers are mined every year.

Ethereum fans prefer it over Bitcoin as it is slightly less volatile and has more potential to be sustainable in the long-term. Also, all transactions are executed within a few seconds, which means the money can be transferred from your crypto wallet to the online casino wallet within less than a minute. On the other hand, the fact that more Ether can be produced at all times could significantly limit the maximum price, which makes it less than ideal for long-term investments.

Litecoin

Litecoin (LTC) was one of the very first cryptocurrencies that emerged on the market after Bitcoin. Launched in 2011 on Github by Charles Lee (a Google employee) it quickly became a popular choice among those looking for alternative payment methods. Modeled after Bitcoin (as almost any other crypto), some consider it to be the perfect copy: all transactions are stored on a common ledger, in the form of mathematical equations.

However, there are two important differences between these two altcoins: Litecoin’s blocks are much smaller and can be created much faster. In fact, Litecoin aims to generate a new block 75% faster than Bitcoin, which is rather impressive.

When it comes to online casinos, Bitcoin is still represented more frequently, and it may take some time and effort to find Litecoin casinos.

DASH

Dash was first known as Xcoin, and then as Darkcoin. It is a peer-to-peer open-coded cryptocurrency, created by Evan Duffield in 2014 as a fork of the Bitcoin protocol. Now, it is a DAO (decentralized autonomous organization) run by a group of users (master nodes). In April 2018, Dash’s market capitalization was around $4.3 billion. It is considered to be one of the top 10 currencies in the world.

The main feature that put Dash in front of other currencies is that it is very user friendly and easily accessible. In 2020, the average price of one Dash coin was on average $100. The main disadvantage is that it is not frequently featured in online casinos, unlike Bitcoin and Ethereum that are available in most of them.

Ripple

Ripple (or XRP) was first only just an idea that popped up in the mind of developer Jed McCaleb and built by Arthur Britto and David Schwartz 2004, who approached Ryan Fugger with their idea. Fugger then created a website RipplePay.com that was supposed to be followed by a digital currency that can be distributed within local communities. Even though Ripple was developed by a series of people and investors, it is generally considered to be much safer than the average altcoin. After all, Standard Chartered Bank and Google Ventures made some investments in this popular coin. It is important not to mix up the Ripple Payment protocol with Ripple (XRP). The payment protocol supports smooth international and national transactions of fiat and cryptocurrencies and is used by many mainstream companies.

On the other hand, their XRP usually serves as a bridge between currencies, may it be fiat currencies or cryptos. The transactions are executed via special gateways, controlled by authorized users. This features convinced many how Ripple is just a fiat currency in disguise.

Every Kanye West Album, Ranked

Kanye West is undoubtedly one of the most controversial figures in hip-hop. His rise to fame was meteoric, and he found himself showered with accolades for some of the most important and exciting work in the hip-hop genre for many years. However, as his behaviour in the public eye became increasingly erratic and he began to consider potentially ill-advised bids for political office, the focus on what should have been important – his music – fell by the wayside.  In his personal life, his separation from reality star Kim Kardashian generated headlines, and left the pair scrambling for the help of a divorce attorney. That’s a shame, because Kanye’s work is enduring even to this day. Here’s our definitive ranking of every major Kanye West studio album from best to worst. 

1. My Beautiful Dark Twisted Fantasy (2010, Roc-A-Fella, Def Jam)

Nothing other than this maximalist masterpiece was ever going to grace the top spot. Kanye’s fifth album is where upstart hopeful Nicki Minaj first cut her teeth, and she does such a superb job of proving herself that she effortlessly upstages heavy hitters like Rick Ross and Jay-Z on “Monster”. The production is where this record really shines; it’s everything-all-of-the-time pomp and circumstance, brilliantly undercut by Kanye’s insecure boasting and smart wordplay. A work of genius through and through.

You can take a look at this wonderful infographic provided by Betway to tell you more about why MBDTF is viewed as Kanye’s masterpiece.

2. Yeezus (2013, Roc-A-Fella, Def Jam)

Some might call giving Yeezus the number 2 spot controversial, but we’re confident in our choice. Kanye’s industrial-inflected ode to alt-hip-hoppers Death Grips is industrial, abrasive, and quite brilliant. From unconventional love song “Bound 2” all the way through to braggadocious anthem “Black Skinhead”, Yeezus once again oozes Kanye’s confidence, but it doesn’t have the pained insecurity of its predecessor. That said, large amounts of machinery-influenced swag are no mean replacement for human foibles. We’re still waiting on the true sequel to Yeezus; Ye outdid himself with this record, and hasn’t quite managed to top it since.

3. Late Registration (2005, Roc-A-Fella, Def Jam)

The second in a trio of Kanye albums themed around education, Late Registration earned him the somewhat unfair title of backpack rapper. All that title actually amounts to is “hip-hop artist willing to talk about real issues”, and Late Registration certainly has plenty of that. “Diamonds from Sierra Leone” integrates Shirley Bassey’s classic “Diamonds Are Forever” expertly, while “Gold Digger”, “Heard ‘Em Say” and “Touch the Sky” are instant classics. Throw in some impressive guest spots from the likes of Lupe Fiasco, The Game, and Nas, and you’re looking at a certified mid-2000s hip-hop masterpiece.

4. The College Dropout (2004, Roc-A-Fella, Def Jam)

Ranking Kanye’s first three albums really is a matter of preference; they’re all brilliant, and you could perhaps take numbers 2, 3, and 4 on this list as a sort of unified second place. To our ears, however, The College Dropout just about lacks some of the swagger and self-assuredness present on Late Registration. Of course it does; it’s Kanye’s first record, so he has a lot to prove. Not that “Jesus Walks” or “Through the Wire” aren’t instantly gripping; they’re hauntingly produced and full of West’s painful lived experiences, metaphysical in the former case, very physical in the latter. Kanye had produced for other artists before, but this is where he came into his own.

5. Graduation (2007, Roc-A-Fella, Def Jam)

Although still an excellent work in its own right, Graduation clearly shows Kanye growing somewhat tired of the overarching concept of his first three records. Lead single “Stronger” interpolates a Daft Punk sample to great effect, while elsewhere, “Homecoming” and “Flashing Lights” continue Kanye’s blissful officiation of the marriage between complex beats and clever wordplay. This one’s a little weaker than the other two, though, and not quite as overstuffed with potential radio hits. It’s starting to look a little filler-y, which is why 2010’s My Beautiful Dark Twisted Fantasy invigorated West’s career and elevated the artist’s profile to the degree that it did.

6. Ye (2018, GOOD Music, Def Jam)

Ye looked like it might be a turning point for Kanye. After 2016’s The Life of Pablo, Ye saw Kanye turning inwards. Its stark, almost unbearably poignant cover (which simply reads ‘I hate being Bi-Polar, its awesome [sic]” tells a tale of the kind of music to be found within. While Kanye doesn’t quite bear his soul on this album, it’s certainly more experimental and less maximalist than his previous releases, and at just 23 minutes and 41 seconds, it suggests an artist making music more for personal therapy than anything else. Unfortunately, it doesn’t quite fulfil the promise of its intriguing setup; its songs sound more like sketches than complete works, which is very un-Kanye.

7. The Life of Pablo (2016, GOOD Music, Def Jam)

Unlike My Beautiful Dark Twisted Fantasy, which couldn’t have stood to lose a single track, The Life of Pablo is in dire need of an editor (which is perhaps why 2018’s Ye is so short). The album has 20 songs on it, and about half of them are memorable enough to stick around after a few listens. At 66 minutes, The Life of Pablo could easily have lost 20 minutes from its running time and would not have suffered in quality terms. That said, “Father Stretch My Hands” and “Ultralight Beam” are brilliant, and lead single “Famous”, while not without its controversies, is a compelling listen. Also, this album has Chance the Rapper on it, and prior to 2019’s The Big Day, that was something to get excited about.

8. 808s & Heartbreak (2008, Roc-A-Fella, Def Jam)

We’re placing 808s & Heartbreak so low on this list only because it gave rise to the cringeworthy and irritating “emo rap” movement spearheaded by Drake and his ilk. Kanye was, to put it simply, better than this; “Love Lockdown” has an irresistible beat and piano refrain, but it’s hard to remember a lot of 808s’ other tracks. Kanye’s flirtation with Auto-Tune here became a fully-fledged relationship, and to put it simply, he can’t sing. This means his warbling on tracks like the aforementioned “Love Lockdown” comes across as ineptitude, something the rapper has never before had to acknowledge or deal with.

9. Jesus Is King (2019, GOOD Music, Def Jam)

Oh, Kanye…what went wrong? While a Christian rap album from hip-hop’s erstwhile production king isn’t necessarily a bad idea in and of itself, Jesus Is King continues Ye’s problem of having demos instead of songs, only here there’s no personal introspection to save the project. Instead, the album comes across as a half-baked paean to a belief system only Kanye can really understand. His love for God isn’t evident here; instead, it sounds like he’s at war with himself, trying to reconcile a history of personal turmoil with a spiritual side. While that sounds exciting, believe us when we say Jesus Is King’s turgid songs find a way to make it dull.