When Bitcoin was invented in 2009, few could have predicted that it would have been the start of a multi-billion dollar industry. Just over ten years later we’ve seen the growth of the cryptocurrency market, and the thousands of altcoins that have popped up. Today, the cryptocurrency market is worth a whopping $353 billion USD (at the time of writing), with Bitcoin at the helm. However, altcoins like Ethereum, Bitcoin Cash, Ripple and Litecoin are equally important, and all bring something new to the space. Cryptocurrencies have revolutionized the way we do many things – including gambling. Crypto and altcoin casinos make up a large proportion of the online gambling scene, and they’ve changed the way we play in numerous ways. We’ll be taking a look at the best altcoin casinos, so that you can start crypto gambling the right way.
The Best Altcoin Casinos
Now, let’s dive into the juicy part of this article. When you first start crypto gambling, you’ll want to ensure that your chosen altcoin casino is trustworthy, established, and has a solid selection of games. A generous welcome package is plus too. We’ve determined which altcoin casinos we like to play at, and we think they’ll suit you well too.
4. BitStarz Casino
Bitstarz is arguably one of the more established altcoin casinos on the market. Having launched in 2014, this casino is home to thousands of fantastic games, including video slots, virtual games, live casino games, table games, and more.
It’s a fiat and altcoin casino, so you can play with Australian dollars, Canadian dollars, Chinese yuan, Euros, Japanese yen, Norwegian kroner, New Zealand dollars, Polish zlotys, Russian rubles, and US dollars, as well as Bitcoin, Litecoin, Dogecoin, Ethereum, Bitcoin Cash, and Tether. Deposit and withdrawal speeds will depend on your chosen payment method – with a speed range between instant and 5 days.
3. GreenSpin Casino
GreenSpin casino is an altcoin casino that accepts Tether, Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dogecoin. It was established in 2020, making it a newer online altcoin casino. GreenSpin is socially responsible, and offers a massive selection of games, various payment methods, and solid promotions and bonuses.
At this altcoin casino, players can gamble on slots, jackpot games, live casino games, table games, and more. GreenSpin also accepts a range of fiat currencies, but their transaction speeds are much slower than the crypto options.
2. KingBit Casino
KingBit burst onto the altcoin casino scene in 2019, and quickly made a name for itself thanks to its incredibly generous bonuses and wide game selection. Players can gamble with altcoins including Ethereum, Litecoin, Ripple, and Tether, as well as Bitcoin.
KingBit casino has a huge selection of the top casino games in the world, from providers such asEzugi, Mascot Gaming, BetSoft, Wazdan, Nolimit City, Sinomenal, Pragmatic Play, Booming Games, and Reel Time Gaming. Players will find slots, scratch cards, table games, jackpots, virtual games, video poker and video bingo.
1. BetChain Casino
The top altcoin casino on our list of the best altcoin casinos in 2020 is BetChain. BetChain launched in 2014, and is one of the most well-loved altcoin casinos on the market. It offers players fantastic bonuses, a huge range of altcoin casino games, ease of use, and reputable online gambling.
Players will find slots, poker games, video poker games, card games, provably fair games, live dealer Games, and much more, all available to play with Australian dollars, Canadian dollars, Euros, Norwegian kroner, Russian rubles, and South African Rand, as well as Bitcoin, Litecoin, Dogecoin, Ethereum, and Bitcoin Cash.
A Bit More About Altcoins
An altcoin is any cryptocurrency that is not Bitcoin. Bitcoin, the original cryptocurrency, was invented in 2009 by Satoshi Nakamoto. Satoshi is the anonymous founder of the entire cryptocurrency industry, as his invention went on to spark the growth of all digital assets.
At first, cryptocurrencies were largely seen as a fringe idea. However, the crypto bull-run of 2017 changed all of that. Cryptocurrencies had already grown in popularity by that point, but when Bitcoin’s price peaked over $20,000, things started to change dramatically. Altcoins, forever on the trail of Bitcoin, swiftly followed suit, and the entire digital asset market swelled.
Today, cryptocurrencies like Ethereum, Ripple, and Bitcoin are household names. The crypto market has grown in leaps and bounds, and sparked the creation of alternative industries like the crypto gambling scene. Many casinos accept both fiat and cryptocurrency options, and altcoin casinos are on the rise.
How to Buy Altcoins
If you’re looking to start gambling at altcoin casinos, it’s probably a good idea to first acquire some altcoins. Let’s take a look at the top five altcoins at the moment, according to CoinMarketCap.
- Ethereum: Established in 2015. First to introduce the concept of “smart contracts”. Available at most crypto casinos.
- XRP: Founded by Ripple. Used often in the remittance industry – not decentralized.
- Tether: A stablecoin that works on a 1-to-1 basis with the US dollar.
- Bitcoin Cash: A fork of the Bitcoin blockchain.
- Bitcoin SV: A fork of the Bitcoin blockchain.
When you’re looking to start playing at altcoin casinos, you should first decide which altcoin you want to play with. Any of the top ten cryptocurrencies by market cap will be fairly accessible, and easy to buy.
When you want to trade altcoins, you’ll need to do so over a cryptocurrency exchange or trading platform. Exchanges like Binance and Coinbase are established and trustworthy, and allow you to buy altcoins with your credit or debit card. All you need to do is sign up, complete a KYC process, and have a crypto wallet where you can store your digital assets.
Altcoin casinos will then have a specific address for you to deposit into. Usually, the funds will be credited to your account instantaneously – although it does depend on the coin of your choosing. Different coins have different transaction times.
Start Playing the Top Games at Altcoin Casinos Today
Now that you have a comprehensive list of the best altcoin casinos of 2020, you can start playing the very best games the industry has to offer. From slots to video poker, table games, scratch cards, live casino games, and more, there’s nothing that these altcoin casinos can’t do.
Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin
Israeli bitcoiners take note: a handful of Knesset members are seeking to ease Israel’s hefty taxation of cryptocurrencies.
Four Knesset members from the nationalist Yisrael Beiteinu party on Tuesday introduced a draft bill that would effectively end Israel’s 25% capital gains tax on bitcoin by redefining certain “distributed digital currencies” as currency, instead of a taxable asset.
Robinhood App Supports Screen Widgets on iOS 14
Robinhood widgets can be pinned to the home screen in various spots and sizes, allowing for many different layouts.
Robinhood’s application for iPhone has received a notable update today after Apple introduced the concept of Home Screen widgets in iOS 14, which provide information from apps at a glance.
As announced on the free-commission app’s blog, Robinhood widgets now allows users to check on their portfolio, holdings, and more, without having to tap into the app.
Robinhood widgets can be pinned to the home screen in various spots and sizes, allowing for many different layouts. Users can also place their investment app next to other everyday apps or create an entire screen with their favorite Robinhood destinations.
Updates bring many exciting features to the app users on iPhone, iPad, and Apple Watch devices. Specifically, Robinhood’s new widgets enables users to track their investments, gain additional insight into their investing habits and view the information about portfolio, holdings, specific stock symbols, among many others.
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Apple users around the world have been busy customizing their screens and sharing screenshots for the “widget gallery” where they can easily add and customize favorite apps. Prior to the latest OS version, users were only allowed to have their apps in a grid of boxes.
Despite the relative lack of 3rd party widgets at iOS 14 initial launch, some of top brands and tech giants have already released widget support. Investment apps, however, were notably absent from the early supporting apps on day one though, over time, widget support will be a standard feature for a large number of apps.
Just yesterday, Robinhood has reportedly closed a new round of capital, having raised an additional $460 million in an extension of its Series G round. In August, the quickly growing stock-trading app announced a $200 million Series G funding led by D1 Capital Partners and putting its valuation at $11.2 billion.
Robinhood has also made multiple changes to its options trading products, part of the improvements the app promised to do after one of its customers died by suicide thinking he incurred losses of over $700,000.
Visa-backed Anchorage Loads Up on Uniswap, DeFi Tokens
Anchorage, a digital asset custody provider, has added five new DeFi tokens, including Uniswap’s UNI, to its secure storage product.
- Anchorage now supports custody of five new DeFi tokens: Uniswap’s UNI token, AAVE, BAL, NXM, and YFI.
- The five DeFi protocol tokens are used as votes to control governance of their respective projects.
- By adding DeFi tokens, Anchorage makes it easier for institutions and investment advisors to gain exposure to the DeFi ecosystem.
Visa-backed crypto custody service Anchorage has added a set of leading DeFi protocols to its service. The idea is to make it easier for institutions and financial advisors to gain exposure to the emerging alternative financial ecosystem.
Anchorage added support for five DeFi governance tokens, including the recently released UNI token connected to the Uniswap decentralized exchange. It also added tokens from decentralized exchange and indexing protocol Balancer, lending platform Aave, yield optimization protocol Yearn Finance, and DeFi insurance provider Nexus Mutual.
These five tokens each represent a tradable stake in governance of the DeFi protocols themselves. Collectively, they have garnered billions in user funds, allowing holders to facilitate token swaps, generate loans, and/or earn interest on deposited assets.
Anchorage holds keys to digital assets in highly secure settings on behalf of its customers. The new additions should make it easier for institutional clients and new entrants to confidently invest in the rapidly growing DeFi products. According to DeFi Pulse, value locked in DeFi has increased from less than $2 billion at the end of June to more than $9 billion today, and Uniswap’s UNI token is up more than 60% since launching on September 16.
DeFi protocols operate using automated code contained in smart contracts. They make it possible, for instance, to deposit one set of crypto assets as collateral for a loan in a different crypto asset without going through a centralized institution, like a bank. But while the protocols operate automatically, decisions like setting interest rates on deposits or creating partnerships still require human intervention.
Governance tokens like UNI represent voting rights for those decisions. By committing, or “staking,” a certain number of tokens, users can bring a proposal for a vote or cast ballots for a particular outcome. Governance tokens are also tradable among users, making them potentially lucrative investments; as the value of the underlying protocols increase, so too should the value of voting rights to control them.
Anchorage has previously added support for other DeFi protocols, among them lending services Compound and Maker, in addition to more established digital assets like Bitcoin and Ethereum. The recent additions, however, signal a broader shift taking hold in the crypto landscape, as the utility and earnings generated by DeFi push the assets into investors’ portfolios.
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