If you enjoy playing slots in online casinos, you probably already know that many online gambling platforms accept a wide variety of payment options, including cryptocurrencies. However, when someone talks about cryptocurrencies, they usually mean Bitcoin.
It’s no secret that Bitcoin is one of the most popular cryptos and that the majority of online casinos that accept this type of payment actually only accept BTC.
However, there are many other platforms that pay attention to other cryptocurrencies. These are often referred to as altcoins as they present a sort of an alternative to Bitcoin.
Three such cryptos that are currently most popular (although nowhere as popular as BTC) are Bitcoin Cash, Ethereum, and Litecoin. Many casinos that offer real money slots nowadays also accept other cryptos, such as Ripple, Ethereum, Tether, and more.
Others In Market
Litecoin was the first one to appear on the crypto market and to offer a valuable alternative to Bitcoin. One unit of LTC is much cheaper compared to BTC, but it’s also as volatile as the “digital gold.”
Bitcoin Cash was created as the result of a hard fork that took place on the Bitcoin network. BCH is perhaps one of the most used alternatives for online gambling.
Ethereum is the cryptocurrency supported by the Ethereum network, which allows blockchain developers to build decentralized apps. Ethereum is widely regarded as the second most popular cryptocurrency in the world.
Why would someone want to make a deposit other than Bitcoin? For starters, prices of cryptocurrencies often change, and sometimes cryptos other than BTC may seem like a better alternative.
For example, if the price of BTC plunges, but that doesn’t affect ETH as much, then it’s better to make a deposit in that cryptocurrency.
One thing you should know is that making deposits in crypto is always a gamble, as they are still very volatile. If you win more money and want to withdraw it, you might end up with actually receiving less if the price dropped. However, if the price went up, you might actually withdraw much more than you won.
All in all, if you decide to make a deposit in cryptocurrencies other than Bitcoin, you need to find an online casino that will allow you to do so. One such casino is Slotland, which allows depositing in Bitcoin Cash and Litecoin.
Feel free to read our Slotland Casino review to find out more about this platform and its advantages.