Want the Best Cryptocurrencies for Gambling? Check This Out!

Never gambled with cryptocurrency before, but are interested in the idea? Luckily for you, Punt Casino is the perfect place to start. Plus, this comprehensive guide on the best (and worst) cryptocurrencies for gambling with will boost your crypto confidence even more!

One of the harder parts is deciding which coin you want to gamble with – which is why having an overview of the best (and worst) cryptocurrencies for gambling is so helpful. But first, let’s cover the basics of how to gamble using cryptocurrency, including the advantages of gambling with crypto, and how to set up a crypto wallet.

Advantages of gambling with cryptocurrency:

Before we get into the best, and worst, cryptocurrencies for gambling, let’s delve into a few of the myriad benefits of gambling using crypto! It’s become an increasingly popular way to play, and it’s not hard to see why when you consider that:

• It’s secure
• Has lower fees
• It’s private (no personal information is attached to your crypto wallet – all we need is an email address and a crypto receiving address to pay out your winnings)
• It makes instant deposits and faster withdrawals possible (transactions are processed in a few minutes, unlike the longer wait time associated with fiat currencies). See more on the speediness of crypto withdrawals here

How to get started: open a crypto wallet, add funds, and deposits

Step 1 – Open a cryptocurrency wallet

We’ve outlined the best Bitcoin wallet options for 2022 right here. Not sure what a crypto wallet is? It’s a digital tool that is used to store and manage your cryptocurrency. Using a crypto wallet, you can access, send and receive crypto. Perfect for transacting at an online casino such as Punt!

Once you’ve decided on your preferred wallet, read our guide on how to set up a crypto wallet.

Step 2 – Buy your coins

Naturally, in order to gamble with crypto, you’ll have to buy coins first. Now that you’ve set up your crypto wallet, you’ll be able to purchase your preferred crypto using traditional (also called ‘fiat’) currency. Select the crypto coin of your choice, determine how much of it you want to buy, and, in no time at all, the crypto will reflect in your crypto wallet.

Step 3 – Pick your casino.

This is the easy one. If you’re new to Punt Casino, create your player account here (it only takes a few seconds).

Create Your Account

Step 4 – Deposit

Now that you’ve picked your wallet, have purchased your coins, and have signed up at Punt Casino, it’s time to deposit! Don’t forget to claim your welcome bonus: up to 6 BTC + 100 Free Spins.

This three-tiered welcome offer can be unlocked on each respective minimum deposit – outlined below:

• Make a minimum first deposit of $10 and get a 125% match up to 3 BTC, as well as 100 Free Spins on Punt’s top slots!
• Make a second deposit (minimum of $20 required), and unlock a 75% match up to 1 BTC
• Make a third deposit (minimum of $20 required), and unlock a 75% match up to 2 BTC

Step 5 – Start playing!

This is where the fun really begins. You have thousands of the finest slots, tables, progressive and live dealer titles at your disposal. Go wild!

Now that you’ve got the basics down, let’s take a look at the best (and worst) cryptocurrencies to gamble with:

The best crypto coins to gamble with

To date, there are over 19,000 cryptocurrencies. This is a pretty overwhelming number, and this makes it especially challenging to discern between those that are the real deal, and those that aren’t. This guide on how to spot a shitcoin is a good start.

Let’s jump right in to the best cryptocurrencies to gamble with:

Bitcoin (BTC)

The first ever crypto, Bitcoin is, without a doubt, the most popular crypto. It’s also one of the most widely accepted cryptocurrencies at online casinos. It’s also a lot less volatile, one of the major factors contributing to its popularity. Plus, with a major focus on security, it’s the ideal coin to use when making larger transactions. Luckily for you, this crypto is supported at Punt! Find out how to make a casino bitcoin deposit right here.

Bitcoin Cash (BCH)

Bitcoin Cash is another popular crypto that we recommend – and of course, it’s supported at Punt! Bitcoin Cash is popular with players because it allows for faster and cheaper withdrawals – ideal if you’re making smaller transactions.

Tether (USDT)

Tether’s value is tied to the United States Dollar, with a relatively consistent value that hasn’t veered much away from the US dollar’s value. This coin is another popular cryptocurrency, and – due to its status as a stablecoin – is a lot less volatile than other cryptos.

Ethereum (ETH)

Ethereum is, like Bitcoin, one of the more popular cryptos – and those that don’t play using Bitcoin likely are playing using Ethereum. This coin is also one of the most supported cryptos at online casinos in general.

Other popular cryptos that are the best to gamble with include:

• Cardano (ADA)
• Dogecoin (DOGE)
• Litecoin (LTC)
• Ripple (XRP)
• Binance Coin (BNB)

The worst crypto coins to gamble with

Now that you have an idea of the best cryptos to gamble with, we’re sure you’re itching to find out which ones to avoid. These are the worst cryptocurrencies to gamble with:

Shitcoins

There are some cryptocurrencies that are valueless, lack longevity, and should be avoided at all costs (for more on shitcoins to avoid, read this). These coins are notorious for capitalising on the naivety of those that are a novice in the crypto space, and who haven’t done the adequate research required, causing them to lose money in the process. And, although it may be tempting to purchase these, as they are generally cheaper, they provide little – if no – return on investment. They can actually lead to you lose money!

With that said, here are the worst coins to gamble with in 2022, based on performance:

Poor performing cryptos

These cryptos have failed to get in the green zone, with a poor return on investment. Strike them off your list right now!

• Aave
• Algorand
• Arweave
• Celsius
• Filecoin
• Hedera
• Helium
• Loopring
• Stacks
• Theta
• THORChain
• Paxos Standard
• Zilliqa

Naturally, these are the coins you’d want to avoid. We don’t support these currencies at Punt, so there’s that. But, it’s helpful to know should you be considering investing in crypto, or wish to play at a casino that does offer these cryptocurrencies.

Feeling more confident? We hope so!

Now that you’ve done the research (the hard part), we reckon you deserve a crypto bonus. Luckily for you, Punt has tons of them!

Ethan

With over a decade in the online gambling industry and a passion for all things crypto, Ethan offers valuable insight into playing at Punt with in-depth reviews, gambling guides, and informative content to help our readers make the best of their Punt Casino experience. Get all the ins and outs of crypto gambling with Ethan and our team of gambling experts right here, on the Punt Casino blog.