Bitcoin gambling
Bitcoin is the most recognized cryptocurrency for online gambling. It is associated with:
- Acceptance by almost all cryptocurrency casinos
- Top security and decentralization
- Transaction processes that are, on average, stable.
A Bitcoin transaction may experience delays when the network is busy, and prices for the transactions may change according to usage.
Ethereum gambling
Ethereum is widely recognized for its versatility and, in some cases, the possibility of quicker transactions on certain networks. The significant features are:
- Ability to operate smart contracts
- Typically faster time to confirmation
- Works well with provably fair systems and decentralized platforms
Ethereum fees can change greatly at times, especially when the network is overloaded.
Key differences for online gambling
Majorly, the differences between Bitcoin and Ethereum for online gambling boil down to transaction speed, fees, and platform compatibility. Bitcoin is the most commonly accepted cryptocurrency among crypto casinos and is even considered the most stable currency with predictable transaction behavior. Still, at times of very high network activity, confirmation times might be longer.
As for Ethereum, this coin can provide faster confirmations on some networks and is also capable of supporting smart contracts, which are generally implemented in provably fair systems and decentralized casino platforms. However, it should be kept in mind that Ethereum gas fees are highly variable, and at times, during congested net cases, they can be quite high.
It is usually a matter of which coin the casino supports, fee preferences of the player, and the urgency of the deposit or withdrawal.
Which is better?
It depends on your personal choice. Bitcoin is usually considered an easy and universally accepted option, while Ethereum can be a good choice for those who want quicker confirmations or boast advanced blockchain technology.
Many cryptocurrency casinos give their customers an option of choosing between two and even allow switching of deposits during the game.
If you’re new to crypto gambling, our article on how crypto casinos work explains the basics of deposits, withdrawals, and security.
Tatiana Ivanova
Crypto iGaming enthusiast and author
Tatiana has been specializing in the crypto iGaming and cryptocurrency markets since 2022. She is currently working with TopBitcoinCasinos and her main focus lies in producing high-quality content that aids players in making the right decisions in the rapidly changing environment of crypto casinos and Web3 gaming.