November 20, 2017

Bitcoin vs. Other Cryptocurrencies

Bitcoin vs. Other Cryptocurrencies: What to Bet on in the Casino World


acetylene torch plus Bitcoin keychain ex” (CC BY 2.0) by btckeychain

In a fast-moving world, things never stay the same for very long and the casino industry is a prime example of this. Since it burst into life back in the late nineties, things have changed dramatically. From a few simple games you couldn’t play for real money to desktop and mobile platforms offering thousands of virtual and live action games, the evolution of the industry is hugely impressive.

In fact, it’s this level of progress and evolution that’s given us the power to offer something different. Thanks to ever-improving technology, we’ve been able to combine bitcoin and casino games in a single platform to create a new betting experience. For you as players, this is great news because it means more options. However, it’s not the end of the road. As more cryptocurrencies emerge and develop, there’s a strong chance they’ll find their way into the casino industry in the same way bitcoin did.

If and when this happens, you’ll be left with the question: bitcoin vs. other cryptocurrencies, what to be on? In this guide, we’ll take you through the debate and, hopefully, give you some idea of where the industry is moving and how you should move with it.

The Rise of Bitcoin and Other Cryptocurrencies


Modern cash 2” (CC BY-SA 2.0) by zcopley

Bitcoin first came onto the scene in 2009 and will always be known as the original cryptocurrency. While much of the initial focus was on how bitcoin could replace standard currencies such as GBP and USD, things gradually started to shift towards its underlying technology. In recent years, tech companies have focused on the blockchain and how it offers a more secure and efficient way of processing data.

From this, new currencies based on blockchain technology has entered the mix and that’s given rise to more opportunities. Although bitcoin is still the main player in the iGaming world, alternatives such as Dogecoin, Litecoin and Ethereum are now making waves in the world at large. With this being the case, it raises the question: bitcoin vs. other cryptocurrencies, what to bet on in the casino world? Well, at this stage, your options are fairly limited because other players haven’t entered the game. However, as we’ll explain in the following section, this is probably going to change in the coming years.

The Evolution of the Online Casino Industry


Casino Night 2.19.13” (CC BY 2.0) by Southern Arkansas University

Here at Bitcasino, we’re a shining example of how the online casino has evolved over the last decade. Thanks to the advent of bitcoin, we’ve been able to combine the best games with the latest technology to create a slicker, quicker and all-around better online betting experience. At this stage, we’re blazing something of a trail in the industry, but we don’t expect the rise of bitcoin betting to be the end of the road. Just as we’ve joined the move towards bitcoin casino gaming, others will soon jump on the next bandwagon.

That’s the nature of progress and it’s the reason we expect to see more cryptocurrencies become a part of the iGaming world in the coming years. For us, this is a good thing. Even though we’re all-in on bitcoin, we love to see this sort of evolution because it will continue to introduce new players to the wonders of cryptocurrency betting. For example, if Dogecoin suddenly became a popular casino currency, that would be good for us because it would mean the use of cryptocurrencies is becoming even more widespread. Essentially, because evolution is an ongoing process, we expect more cryptocurrencies to enter the mix in the coming years.

At this point in time, if you asked us the question “bitcoin vs. other cryptocurrencies, what to bet on?”, we’d say bitcoin – for two reasons. First, we’re all about bitcoin here at Bitcasino, and for good reason, too. Secondly, it’s the only cryptocurrency that’s really making any waves in the casino world right now. However, ask us the same question in a few years’ time and the answer will probably be very different. That, for us, can only be a good thing.

Bitcoin vs. Other Cryptocurrencies: What to Bet on Right Now


OK, so we’ve established that things will continue to change and cryptocurrency will become a bigger part of the casino industry, but we’re dealing with the here and now. Even though we’re happy to see more cryptocurrencies come into the mix, it’s fair to say that bitcoin is the only viable option right now. With this being true, the bitcoin vs. other cryptocurrencies, what to bet on? debate brings us to what we can offer you. If you’ve got to this point in our guide, we’re going to assume that you’re sold on the idea of bitcoin betting and all the potential it holds.

From here, your next move is to join us and experience everything we have to offer. How do you join? Simple: navigate to our homepage, click the sign-up button and input your email address, a username, a password and your date of birth. In exchange for a few simple details, we’ll give you a shiny new Bitcasino account that will open the door to more than 1,300 games. Each one is backed by the power of bitcoin and comes complete with the latest technology and best payouts. Regardless of the games you like to play and the amount you have to spend, we’ve got something for you. In fact, even if you don’t have anything to spend, we’ve still got games for you in the form of practice tables and slots.

Although we don’t have space or time to run through every game we offer, the main game categories we offer are:

  • Slots
  • Jackpot Slots
  • Video Poker
  • Blackjack
  • Roulette
  • Baccarat
  • Casino Hold’em
  • Table Poker
  • Craps
  • Live Dealer games
  • Sportsbook

Although we can’t say for sure, we’re fairly confident that you’ll find at least a game or two you’ll like. Once you’ve made some picks, the final thing you have to do is make a deposit by visiting our cashier and doing one of two things:

  1. If you already have a bitcoin wallet and an active balance, you can send them directly to your Bitcasino account by using our bitcoin wallet address.
  1. If you don’t have any bitcoins, you can choose the “buy bitcoins” option on your account page, visit a partner exchange and fill your new wallet with credits. After doing this, you simply follow the steps above and you’re good to go.

Follow all of these steps and you’ll be betting with bitcoin in no time. If the bitcoin vs. other cryptocurrencies, what to bet on? question has been whirring around in your head for a while, we’d suggest checking out what we have to offer here at Bitcasino. Even if other cryptocurrencies are going to enter the mix in the coming years, bitcoin is the top dog right now and our platform is at the head of the pack.