Bitcoin

<p>The concept of digital currencies has been around for longer than most people know. DigiCash was one of the most famous attempts to bring electronic money to life via cryptographic protocols in the late 1980s and early 1990s. That said. Cryptos, as we know them today, became a thing in 2009 when Bitcoin launched and set the stage for a global payment revolution.</p><p>Internet gambling was one of the first industries that accepted digital coins with arms wide open, as it did so at the start of 2010, shortly after the establishment of the world’s first crypto exchange. Today, the number of Bitcoin-accepting remote casino hubs is vast, with many considering the wide adoption of this transaction form within this sector as one of the main reasons for its staggering growth in the past few years, as it now tends to pull in<a href="https://www.statista.com/outlook/amo/online-gambling/worldwide" rel="noopener noreferrer nofollow"> revenues of over $100 billion</a>, expanding at a rate of 6.2%.</p><p>Gaming sites have gotten so deep into the crypto rage that many have decided to create digital assets of their own, equivalent to popular cryptocurrencies. Many of these coins have distinct platform purposes that aim to enhance users&#39; experience with them, and they also benefit their creators in various ways. They boost the appeal of crypto gambling projects, and below, we get deeper into the phenomenon that has set the online gambling sphere on fire.</p><h3 id="strong-how-crypto-gaming-coins-get-used-strong"><strong>How Crypto Gaming Coins Get Used</strong></h3><p>It is crucial to note that the public can understand the term crypto gaming coins as both established cryptos and gaming platform-created ones. The first category (as cited above) is your standard digital items, which have made a name for themselves as speculative assets and have dedicated fan bases. Naturally, Bitcoin is the king of this batch, with a market cap of $1.3 trillion and a 53% market share. So, there are plenty of<a href="https://www.onlineunitedstatescasinos.com/casino-deposits/bitcoin/" rel="noopener noreferrer nofollow"> online casinos that accept Bitcoin</a>. Most of these also permit depositing/withdrawing via Ethereum, the chief competitor of the initial cryptocurrency.</p><p>Site-created coins are usually only accepted for gambling entertainment by the platform that made them. They can get traded as normal cryptos, but it is doubtful that other casinos would allow them for betting. At their native ones, they act as in-house currencies, facilitating gaming transactions and as a foundation of rewards programs. Most seek to boost brand enticement by staking or earning dividends by holding them. Most crypto coin gaming projects utilize the Ethereum or Tether blockchains, have a set quality, and feature burning to increase scarcity over time. So, in short, their creators look to leverage blockchain tech, primarily its decentralization, security, and transparency aspects in creating novel gaming experiences and economic ecosystems.</p><h3 id="strong-how-to-make-a-profit-from-them-strong"><strong>How to Make a Profit From Them</strong></h3><p>Aside from staking, which not all crypto casinos offer with their tokens, token appreciation is the second most established way to turn a few gaming coins into many. That means holding the asset over time, hoping its value swells due to increased demand, utility, scarcity, etc. Then, selling it at an exchange platform for a higher price than the purchased one. That is possible, as all these coins trade somewhere, and users can profit from holding and selling the tokens at a higher price at sites like Kucoin. Please note that some more renowned exchanges like Binance may not have trending crypto-gambling coins available for purchase.</p><p><a href="https://www.fool.com/terms/y/yield-farming/" rel="noopener noreferrer nofollow">Yield farming</a> is another thing to be aware of, a practice similar to staking, but not the same. It is a more complex process where website users provide liquidity to decentralized finance protocols for rewards. That traditionally entails pouring/depositing funds/assets into liquidity pools. These are smart contracts facilitating trading between different tokens. Those who opt to do this get additional tokens or fees for providing liquidity. Staking, on the other hand, involves holding cryptocurrencies to support/secure the operations of a blockchain network or project.</p><p>Conversion into other digital asset forms is also possible at exchanges for those who no longer want to hold a specific crypto-gambling coin. But that process also comes with fees attached.</p><h3 id="strong-casinos-that-use-them-strong"><strong>Casinos That Use Them</strong></h3><p>Per market capitalization, the hottest gambling<a href="https://coinmarketcap.com/view/gambling/" rel="noopener noreferrer nofollow"> tokens on the market</a> at the time of writing were Rollbit’s Rollbit Coin, Shuffle’s SHFL asset, and BetFury’s BFG Token. Blockchain items like the Ripple-powered CasinoCoin (XUMM Wallet) or SBET are also available at multiple online gaming/wagering hubs. These general gambling coins have been getting some traction as of late, and regarding premium hubs that allow standard cryptos, DuckyLuck, Bovada, and Super Slots are terrific choices for American Web gamblers.</p><h3 id="strong-faqs-strong"><strong>FAQs</strong></h3><h4><strong>What are Crypto Gambling Coins?</strong></h4><p>They are cryptocurrencies designed for betting and gaming online.</p><h4><strong>How Can a Gambler Profit From Them?</strong></h4><p>Aside from winning big by gambling, staking, yield farming, and token appreciation are usually top options.</p><h4><strong>Where Can Someone Buy These Coins?</strong></h4><p>That option is available at exchanges such as the Uniswap V3 and the Poloniex Exchange, which are two solid picks.</p><h3 id="strong-to-sum-up-strong"><strong>To Sum Up</strong></h3><p>Crypto gambling coins are digital currencies that leverage aspects usually linked to celebrated virtual money-like items but also allow profit through different investing-style schemes on top of the standard appreciation possibilities. Their acquisition is possible at many web exchanges, and they are becoming more popular since they add extra dynamism to Internet casino gaming and provide more variety, helping build distinct ecosystems and enriching the overall gambling experience.</p><p><strong>Ashley Grasse</strong></p><p>Ashley Grasse is a research writer and casino entertainment expert. She&#39;s interested in game theory and strategy. Ashley reviews online casinos and writes blogs about trending topics in the gambling industry. In the years she&#39;s been writing at OnlineUnitedStatesCasinos.com, she&#39;s earned a reputation for her deep dives and thorough research. You can also find very quirky and entertaining pieces authored by Ashley throughout our site.</p>

What Are Crypto Gambling Coins?

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