Make your bets using the best cryptocurrencies in Bitcasino

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Step into the world of online casinos and place your bets using the best cryptocurrencies in the market! Jump into the cryptocurrency train and get acquainted with the hottest and fastest-rising casino games online right here at Bitcasino!

It’s the dawn of a new decade for the financial world. People are no longer dependent on fiat currencies since they have discovered a better monetary system independent of intermediaries. 

It started with Bitcoin in 2008 and now, countless altcoins have surfaced with interesting offers that promise confidentiality as well as secured transactions, which is perfect for online gamers in the casino industry. With crypto’s continuous rise in popularity, there’s no better time to buy and use it than now! 

Step into the world of crypto gaming

The world is slowly evolving along with the advancement of technology. Among other industries, digital technology has helped evolve the financial system.

This is the cryptocurrency industry that has opened new opportunities for people to invest and process transactions without a middle man. Know the ins and outs of cryptocurrency and place your wagers in your chosen casino game with confidence here at Bitcasino!

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Cryptocurrency defined    

Cryptocurrency is a virtual payment system that allows you to send money using a peer to peer framework. It makes faster transactions possible by removing the intermediaries in the process and verification of transactions. 

Instead of being governed by one central authority, cryptocurrency transactions are validated by all participants in the network before it’s verified by a mining node. Once your transaction is, your transaction data will be recorded in the blockchain, making it immutable and virtually impossible to tamper with.  

This means you don’t have to deal with double-spending problems, know-your-customer protocols and having your personal information circulating in a centralized server.

Why is crypto the best option for Bitcasino bets?

Cryptocurrency is a currency developed to lessen the dependency on centralized institutions. It exists to fill the lapses of fiat currency like slow transactions and reliance on third parties. Take a look at the different aspects of cryptocurrency that makes it the perfect match for online betting below:

  1. Privacy considerations with crypto gambling

Cryptocurrencies operate on a completely decentralized system outside of the jurisdiction of any institutions or government. It can process a transaction from one node to another while being completely anonymous. Moreover, your data is secured since it is impossible to tamper with the data recorded in the blockchain. The only identifying criteria that you need to process your bets is your cryptocurrency address. 

  1. Get bonuses

Online casinos like Bitcasino operate with feature-rich games and amazing deals that offer cryptocurrency bonuses for players who wager with their chosen crypto. 

  1. Escape geolocation-based restrictions

Players have limited access to online casino games due to the restrictions based on geolocation. However, with cryptocurrencies’ decentralized system, you can avoid these regulatory constraints set by the government. Any online casino that offers cryptocurrency as a legitimate exchange will accept your wager regardless of your location.

  1. Gamble safely 

Crypto gambling provides a cloak of anonymity away from the government’s prying eyes as well as the hackers lurking to swindle your wins. Since it operates without a central authority, your bankroll balance is safe. Every transaction you make is secured in the blockchain. 

  1. Get with the new fad! 

At the start of the decade, everyone witnessed crypto’s rise in the market with its remarkable features that offer an exchange without the use of third parties. No longer do you need to rely on banks and the traditional monetary system, you can process your online transactions and place your bets on your own. 

With crypto, you are in charge of your deposits and withdrawals without a need to pay huge sums to banks for simple transactions. Witness the new age of online gambling and bet with crypto now! 

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Types of digital currencies 

Not all cryptocurrencies are made equal. Each cryptocurrency has a feature that separates it from the rest. One of the easiest ways to spot this difference is to see which type of crypto your currency falls in. 

Fortunately here at Bitcasino, we accept a wide variety of cryptocurrencies you can use to wager. Find the best cryptocurrencies for you and see which type will work best with your gaming style below: 

Store-of-value cryptocurrency 

The store-of-value cryptocurrency is a token made to replicate the function of fiat currency in the financial system. However, it doesn’t rely on third parties to handle the transaction. It is used as an instrument of exchange in peer to peer networks. You can think of it as regular legal tender. 

You can use this to receive and send money wherever you are in the world. What’s even better is that it has a faster processing time compared to banks and other financial institutions! Additionally, you can use this cryptocurrency to purchase regular items like clothes, food and transportation. Some examples of a store-of-value cryptocurrency are Bitcoin (BTC) and Litecoin (LTC). 

Platform coin 

Unlike store-of-value currencies, a platform coin is often used in a specific domain. This coin is used to develop a decentralized application in the blockchain network and utilize its services. You can also use it for your online purchases or gaming. 

The most popular platform coin is Ether (ETH), which is the token used by app developers and users of Ethereum. This platform creates a smart contract to return the control of apps to the original owners and remove the use of a middleman. Other examples of platform coin are NEO, EOS, and IOTA, which have their own blockchain network to create a decentralized application. 

Stable coins 

Stable coins are tokens created to counter the volatile nature of cryptocurrencies. The price for these tokens is pegged on an external traditional asset like fiat currency. Through this, stable coins can create a reliable financial environment with a secured and decentralized function. It’s the best of both worlds in crypto! 

The first, as well as the most popular stable coin, is Tether (USDT). This cryptocurrency’s value is pegged to US dollars which gives it the constant value of 1 US dollar.    

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Top currencies to buy and use in Bitcasino in

Don’t get left behind by the cryptocurrency trends and take a look at the top crypto that you can use in your online bets.

Dogecoin (DOGE)

Dogecoin is one of the most sensational cryptocurrencies this turn of the decade!. People are obsessed with memes and Dogecoin used that to its advantage to gain traction from people online. E that even billionaires like Elon Musk claim that it is their favourite cryptocurrency. Although it has been gaining popularity today and has risen to new heights since 2019, Dogecoin wasn’t intended to be a serious investment. 

It was supposed to be a joke until the developers found applications that use it for trading. Now, Dogecoin is one of the fastest rising cryptocurrencies, even reaching the level of bigger cryptos. Crypto analysts predict that it will continue to keep climbing in the crypto ladder if it continues to garner support from celebrities and major brands. 

  • DOGE 2021 Price High: $0.74 DOGE/USD
  • DOGE 2020 Price High: $0.0048 DOGE/USD
  • DOGE 2020 Price Low: $0.0023 DOGE/USD
  • DOGE All-Time High: $0.45 DOGE/USD

Tron (TRX)

Tron is one of the most emerging cryptocurrencies in the market. Developed by Justin Sun, this blockchain-based decentralized platform aims to create a network where digital content can be seamlessly shared. This eliminates the need for third applications and high fees. 

Moreover, this asset acts as a bridge between content creators and consumers through the use of peer-to-peer network technology. 

Aside from creating an alternative platform to stream services, Tron is versatile and can be used to any media related content. Tron’s native currency is called Tronix and can be used to buy goods, services and other digital assets. 

What makes Tronix more appealing to people is that it can be used to access blockchain-based games, which can lower the fees on the user’s end. According to market predictions, Tron’s value will have a price target around $0.15 by the end of 2021 and $0.16 by the end of 2022. 

  • Tron current price: $0.1234 TRON/USD
  • Tron price high: $0.1292 TRON/USD
  • Tron price low:$0.1179 TRON/USD

Ethereum (ETH)

Ether is a cryptocurrency launched in 2014 by Vitalik Buterin. Unlike Bitcoin that replicates the function of fiat currency, Ether is used to create decentralized apps in the Ethereum platform. It is the cryptocurrency that introduced smart contracts between users to establish an agreement without the interference of a third party. These smart contracts can self-execute a command that follows the code written in it.

Right at the beginning of the year, Ethereum managed to touch the $2,000 bracket in February. The good news for Ethereum investors didn’t stop there as it reached an all-time high in April with a price of $2,153.08. The rise in price is highly influenced by the current crises that the world is facing due to the COVID-19 pandemic. As the economy crashed, people looked for ways to secure their money and found crypto as a safe haven. Crypto analysts believe that it will surge up to $5,000 before the year ends.  

  • ETH 2020 Current Price: $2,432.41 ETH/USD
  • ETH 2019 Price High: $746.06 ETH/USD
  • ETH 2019 Price Low: $132.07 ETH/USD
  • ETH All-Time High: $2,607 ETH/USD

Ripple (XRP) 

Ripple trails behind Binance Coin in 2021’s crypto ranking. XRP is a cryptocurrency launched by RippleLabs Inc. in 2012 that aims to deliver faster international transactions wherever you are in the world. What would take banks several days to process only requires seconds in Ripple! Moreover, Ripple is recognized by several international banks, making it one of the most accessible digital assets for cryptocurrency adopters.

Unlike other cryptocurrencies like Bitcoin and Ether, XRP is not based on a blockchain. Rather, it is based on a distributed ledger database called XRP Ledger distributed database created by Ripple themselves.  

Despite crashing in 2020 and entering the crypto race of 2021 with only a $0.28 trading price, XRP skyrocketed come 2021 and have amassed significant gains while remaining bullish in the market. Crypto analysts predict that Ripple’s native coin might hit the $2 mark by the end of 2021 if Ripple pushes through with its collaborations with different financial institutions.   

  • XRP 2021 Current Price: $1.36 XRP/USD
  • XRP 2020 Price High: $ 0.61 XRP/USD
  • XRP 2020 Price Low: $0.17 XRP/USD
  • XRP All-Time High: $2.28 XRP/USD

Bitcoin (BTC) 

As the cryptocurrency that started it all, it comes as no surprise that Bitcoin made it on top of the list. Ever since it was created in 2008, it has been on the front lines of the cryptocurrency market. It is the most popular cryptocurrency to date and it has the highest exchange rate, making it the much-preferred currency by crypto investors. Additionally, its popularity made it one of the most openly accepted digital currencies by businesses and merchants.  

As the leading benchmark and most versatile cryptocurrency, Bitcoin has better liquidity compared to other cryptocurrencies. You can convert it to fiat the moment it reaches a desirable amount without losing a huge sum of its value during the exchange. 

Despite being the most volatile cryptocurrency, Bitcoin still leads the market. Investors, as well as financial experts, are positive that it will have a long term bull rise. According to crypto analysts, it is possible for Bitcoin to hit $400,000 before the year ends. With Bitcoin hitting an all-time high of about $63,729.5 in April 2021, the prediction doesn’t sound too far fetched. 

  • BTC 2021 Current Price: $54,806.01 BTC/USD
  • BTC 2020 Price High: $28,768 BTC/USD
  • BTC 2020 Price Low: $6,483.74 BTC/USD
  • BTC All-Time High: $63,729.50 BTC/USD

Binance coin (BNB) 

Binance coin is a cryptocurrency made by one of the largest cryptocurrency exchange platforms in the world, Binance. It was first introduced in July 2017 as the native currency of the Binance Chain, which is Binance’s own blockchain. You can use it for trading or paying fees in the exchange site and as part of the incentive, you receive a discount in the transaction fees in return. 

According to the Binance whitepaper, it uses 20% of its profit to buy back Binance coins and burn them completely off the market. Their consistent quarter burns ensure that the supply of Binance coin will remain finite, making it more valuable as it grows scarce. Financial experts believe that it will go past the $500 mark this year and it will continue to grow over the years with people even going so far as to claim that it will reach the $1,000 mark by 2023. 

  • BNB 2021 Current Price: $534.11 BNB/USD
  • BNB 2020 Price High: $38.95 BNB/USD
  • BNB 2020 Price Low: $15.34 BNB/USD
  • BNB All-Time High: $596.99 BNB/USD

Tether (USDT) 

Tether is the largest and highest-ranking stable coin in the crypto industry. Aside from that, it also has the largest trading volume. One of its purposes is to combine the unrestricted nature of cryptocurrency with the stable market price of fiat currency.

As a stable coin, its price is pegged on a traditional asset most specifically the US dollars. As such, it doesn’t see sudden highs and lows like the other volatile currencies. Tether is immune to volatility as long as the US dollars remain stable, Tether’s market price will steadily circle the $1 mark. Finally, Tether can control the supply and burn coins if necessary to maintain a stable price under any circumstances. 

Although stable coins aren’t subject to a lot of price change, there are slight fluctuations from time to time. Experts predict that it will have an average market value of $1.2829 by December of 2021. The maximum price is predicted to be up to $1.60710.   

  • USDT 2021 Current Price: $1.00 USDT/USD
  • USDT 2020 Price High: $1.011612 USDT/USD
  • USDT 2020 Price Low: $0.995831 USDT/USD
  • USDT All-Time High: $1.0926 USDT/USD

Cardano (ADA) 

Cardano is the first cryptocurrency to be founded on peer-reviewed research and developed through evidence-based methods. It uses a powerful proof of stake consensus algorithm called Ouroboros to secure the public blockchain. This crypto has a similar function with Ethereum except it focuses more on programming formal development methods as well as prototyping to ensure the success of future projects instead of creating decentralized apps.  

The program that Cardano uses is comparable to the programming language of the military infrastructure as well as other high-profile companies, making it one of the most secure cryptocurrencies as of today. You can even use it for trading, investing, shopping and playing online! 

With the global economy crashing in 2020, people are keen to find a good investment to keep them afloat during the economic downturn. Cryptocurrency’s decentralized nature offers a safe haven for investors since it is unaffected by economic fluctuations. Due to this, 2021 became a fruitful year for countless cryptocurrencies including Cardano. 

The price of Cardano started an uptrend at the beginning of 2021 with its price surpassing the previous 10 cent market value. By February of the same year, it reached past the $1 milestone and continued on an upward scale. Crypto analysts predict that Cardano will only increase its value from there and might even reach the $10 mark by the end of the year. 

  • ADA 2021 Current Price: $1.2613 ADA/USD
  • ADA 2020 Price High: $1.011612 ADA/USD
  • ADA 2020 Price Low: $0.1922 ADA/USD
  • ADA All-Time High: $1.4816 ADA/USD