What types of cryptocurrencies are in online casinos?

cryptocurrencies in online casinos

Over the years and the development of the industry, cryptocurrencies have been diversifying until nowadays finding different options to use them. Next, we will tell you which are the most popular and their main features.

Bitcoin (BTC)

This is the most used cryptocurrency worldwide. This was launched on January 3, 2009 and today it is the one that registers the largest number of electronic transactions in terms of electronic currencies.

Its development and popularity make it accepted by a large number of companies in the world. At Bodog you can use Bitcoin for your bets in a simple and practical way. At any time you can deposit and withdraw cryptocurrencies from your account.

Ethereum (ETH)


Ethereum is another of the most popular ways to make transactions with virtual currencies. This is an open source platform that has an application to be able to make payments at little cost and instantly.

This platform had its initial launch in 2015 and has grown over time. There you can make direct transactions with other users without having to go through bureaucratic procedures or pay commissions.

Dogecoin (DOGE)

Dogecoin is a cryptocurrency that arises as a derivation of the Bitcoin cryptocurrency. A coin that is identified by using the image of a Shiba Inu dog, famous for being a meme on the Internet. Regarding its functionality, we must emphasize that this type of cryptocurrency has no emission limit.

Dogecoin’s energy cost per transaction is much lower than one made by Bitcoin. This is one of the reasons why this cryptocurrency becomes widely used in the industry.

The launch of this platform was in 2013 and its developers were Billy Markus and Jackson Palmer. Today it is an alternative that many users prefer.

Binance Coin (BNB)

Binance Coin

Binance Coin is the official cryptocurrency of the Binance exchange. In principle, this virtual currency was designed for exchanges within the Binance platform, but over time it has grown, creating its own ecosystems.

This cryptocurrency was launched in 2017, and unlike other types of digital currencies, BNB cannot be mined. Today, it has become one of the most widely used cryptocurrencies in the world, and one that users trust.

Ripple (XRP)

This is another modern monetary system where users can make fast transactions without intermediaries. The exchange system was launched by the company Ripple Labs, and in 2018 it was called “XRP” by its users, to distinguish it from the company. On their website, the differences and relationship between both parties are explained very well.

This system has an important difference with the most important cryptocurrencies such as Bitcoin or Ethereum, since it does not distinguish between its users. In XRP each node has the same authority and works as a change processor itself.

Lumens (XLM)

And we end this tour of the main cryptocurrencies with Lumens, also called Stellar (XLM). Unlike cryptocurrencies like Bitcoin, this system is not designed for direct payment between users. This is a platform that is an intermediary between users and also becomes a non-minable cryptocurrency, competing with Ripple.

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