We all know crypto is immensely popular at the moment. Even if you were living under a rock, you’d struggle to tune it out. With that in mind, plenty of folks are curious about how they can start leveraging this kind of currency to their favor… but when you first step into the world of crypto, it can seem somewhat daunting. There are so many coins. There are so many categories. There are so many options! What should you look for and how can you get going?
Well, the good news is, you’re not short of learning opportunities. Maybe you already know the basics and you want to attend a few industry events to learn more from the pros. Maybe you’re just starting out, in which case blogs and YouTube might be your best friends. When it comes to gaming, though, there are a few extra considerations you need to throw into the mix when you’re weighing up coins, so let’s do a bit of work on figuring out what those might be!
What Does The Site Use?
This is perhaps the most important question of all, before you get into any other considerations whatsoever. What does the site that you want to play on allow you to use? Cryptocurrency’s acceptance has skyrocketed in recent years, but there are still quite a few limits and many of the smaller coins will not be accepted in particular areas. For this reason, it’s always worth checking out the big coins first, and matching up your options with the gaming platforms you’re interested in.
As an example, let’s say you’re planning to play at a Bitcoin casino. You’ll need to open their FAQs and check out what kinds of cryptocurrency they accept – because it probably won’t just be Bitcoin! If you play at a Bitcoin casino like Cafe Casino, you’ll have a ton of great options, such as Litecoin, Ethereum, USD Tether, and Bitcoin Cash. Choices have really expanded in recent times, introducing flexibility like never before.
The currencies work across games, of course, so you can use them no matter what your favorite options are. There’s no difference to the gameplay! In fact, because using crypto is so straightforward, people might even choose to branch out and try new games that they haven’t explored before. Casinos have made this even easier by offering simple guides and even strategy sheets for more unusual games like Keno, allowing everyone to get involved.
The degree of variety is great news for anybody who wants to experiment or dabble in a few different currencies, or those who already have a set favorite that they want to use for gaming. Different platforms will accept different coins, but always check what your options are before you sink your teeth into a new game! Most digital casinos are constantly expanding their offering, meaning that a lot of the major coins are seeing widespread acceptance these days, making payments as easy as possible for crypto enthusiasts all over the place.
So, once you know what the site uses, what’s next on your list of checks?
Think About Privacy
When you’re gaming online, privacy can be super important. Not everybody thinks about these things, but when you’re handling money, it really matters. If you’ve won big at the casino, you might not want it to appear on your bank statement or be visible to other middlemen for a number of reasons… and that’s one of the places where cryptocurrency excels. Because it’s decentralized, it’s generally far more private than traditional currency.
However, don’t assume that means you can just use any coin and it’ll be totally anonymous! A bit of a myth has gone around about this, claiming that Bitcoin is completely anonymous. While it’s more private than traditional options, that’s not strictly true.
Some coins prioritize privacy to a huge degree. If that’s a big plus in your book, you might consider something like Monero. This is frequently mentioned as the most private coin out there. Of course, you’ll need to cross-reference this info with what your gaming site of choice accepts, but it’s worth thinking about privacy and picking the best of your options.
For instance, Bitcoin is considered more private than Ethereum, which might nudge you in the bigger coin’s direction if privacy is key to you. All coins offer a step up from just using your bank card, but it’s well worth considering which could best protect your data when you’re gaming online.
Consider Speed
Speed comes next. Again, using any crypto will already put you ahead of most traditional options. Traditional banks will generally take several hours or sometimes even days to process transactions, especially if they’re big ones – but crypto’s normally just a few minutes. Of course, that again varies according to the coin you select and the demands on the network at the time. Just as some coins are geared for privacy, others put speed first.
Taking a bit of time to figure out what’s what here, with the other considerations also in mind, will benefit you. Litecoin is often a popular mainstream coin when it comes to speed, as it tends to outpace both Bitcoin and Ethereum. Other coins also boast excellent speeds, but Litecoin is one you’re most likely to see accepted at Bitcoin casinos, and it’s ideal if you want transactions to occur swiftly.
All in all, then, these three factors are critical for you to look at if you’re planning on using crypto for any kind of online gaming, whether that’s microtransactions in a mobile game, enjoying casino games, or a blockchain-based P2E option. Make sure you bear them all in mind and spend a bit of time figuring out which are the most important to you before you settle on a pick!
Thanks CafeCasino.lv for sponsoring this article.
