The financial markets of today differ quite a lot from those of times past. This is all due to the technological development we’re witnessing each day and the implementation of digital currencies. Cryptocurrencies have become quite popular in the last decade or so. They have a wide array of applications, high value, plenty of safety and security perks, and investment value.
Because of everything listed above, digital currencies have found their way into different spheres of our lives. Crypto is used in trading, everyday purchases, and even as a currency in online casinos. It is peculiar that these days, there are even casinos that accept only crypto payments. The safety, security, and, above all else, the anonymity of using blockchain technology offer unparalleled opportunities to users. If you’re still not too familiar with them, you will find some of the most popular digital currencies in the world below.
Bitcoin
Bitcoin is the most expensive crypto, and it holds the largest market cap. It was the one that started it all, so it’s only logical that we start with it. Also, it is the one that even casual onlookers have heard about. Its creation is a mystery, and its creator, Satoshi Nakamoto, remains an unknown persona. We all know that the first BTC appeared in 2009 and has taken the world by storm. While it was present for almost a decade at that time, it was only in 2017 that BTC and the rest of the cryptocurrencies became the norm of different financial markets.
If you’re a betting man and want to invest in crypto, then Bitcoin is your safest bet both on the trading platforms or any legitimate Bitcoin casino.
Ethereum
Right behind BTC, we have Ethereum. The popular ETH comes from the platform of the same name, and it is the second most recognizable name in the world of digital currencies. By using Ether, the system on which ETH is based, you can deploy its different functions and, through smart contracts, use both. This made it popular and gave it value second only to BTC.
Tether
If you want a stable crypto coin, Tether is that. Its price is $1 per coin, and that doesn’t change. Thus, it is called the stablecoin. It is ideal if you love to spend time at online casinos. Due to its stable value, you can never lose too much due to price oscillations, as would be the case with BTC, although you can win more that way. What most people like about Tether is the fact that it is tied to the US dollar, which is what makes it so stable. It is also the reason why it is often used as a medium when crypto is exchanged. It makes fiat currencies obsolete in the world of digital currencies.
BNB
While BNB might not be familiar to many, it is a digital currency issued by Binance. As you probably know, Binance is one of the biggest cryptocurrency exchange platforms in the world. It is intended to be a token used as a discount tool during trades on Binance.
In the meantime, it has become a coin that can be equally used for payments. Binance gave it trustworthiness, and today, it is used by many for buying goods and services and trading.
Solana
Solana is a new crypto, even by digital currency standards. As a new crypto, it had to attract people with something, and in its case, it’s the speed it offers. The speed of transactions with SOL is almost unparalleled. If you still haven’t found your go-to crypto for casino transactions that have to be swift, this might be an ideal choice.
USD Coin
Here, we have another stablecoin. USDC is also tied to the American Dollar, which means that its value does not fluctuate. The creator of this crypto guarantees that this stablecoin is backed by reserved assets. The assets in question have a fair and real value, and they’re preserved in institutions regulated by US institutions. Everything said makes it a good option for new crypto enthusiasts who still doubt the foundations on which digital currencies were introduced to the financial markets we know.
