Ethereum vs. Bitcoin: Which cryptocurrency should you gamble with?

Cryptocurrencies have the unique distinction of having democratized gambling. Yes, online casinos like Betway delivered gambling to the masses. However, crypto coins like Ethereum and Bitcoin broke the monopoly of banks and government-regulated fiat currencies over casino transactions. This doesn’t mean choosing a crypto coin to gamble with is always easy. In this post, we compare the two top choices: Ethereum and Bitcoin.

By speed of transaction

Online casinos are popular because they’re convenient, accessible, and fast. Whether you’re playing online poker or online slots, you want to be able to withdraw and deposit funds across your account fast. This is where cryptocurrencies shine.

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However, when you compare Ethereum and Bitcoin, Ethereum comes out on top in terms of speed. Every Bitcoin block confirmation takes 10 minutes, which can be even longer when the network is congested. Meanwhile, every Ethereum block confirmation takes 12 to 15 seconds and is getting faster. This means Ethereum is the coin to choose when you value speed.

By transaction fees

Every transaction you make on a gambling platform like Betway costs a fee. Usually, this fee varies depending on the mode of transaction. Transacting with Bitcoin costs anything from a few cents to a few dollars, depending on how congested the network is at the time of your transaction. Ethereum behaves the same way, except it is more volatile and tends to be more expensive than Bitcoin during peak congestion hours. You can use Layer 2 solutions like Arbitrum and Optimism to lower Ethereum transaction costs.

By availability and access

If you’re using a crypto coin to gamble, you need it to get you into as many casinos as possible. Here, Bitcoin shines. Bitcoin was the first ever cryptocurrency to enter the market and is the most widely accepted cryptocurrency. Most casinos accept Bitcoin and even have games explicitly tailored to its use. Meanwhile, Ethereum’s adoption in the igaming industry is growing but still lags behind Bitcoin.

By game variety

In terms of game variety, Ethereum’s decentralized model and integration with NFTs and DeFi structures make for more interesting gaming environments. Most blockchain casino games are built on Ethereum’s ecosystem. It’s easy to find games offering NFTs and other tokens as rewards or linking to other blockchain environments.

Bitcoin games are many and varied, but they’re just crypto versions of the online games you play in regular casinos. The only difference is that you get to transact with Bitcoin.

By security

Ethereum and Bitcoin often compete in terms of security. Gamblers who love Ethereum point to its smart contract feature, which allows for transparency and fairness in gaming. However, this feature’s somewhat vulnerable nature makes Bitcoin the safer option. Bitcoin’s blockchain is highly secure and less vulnerable to fraud and attacks.

Which is better, Ethereum or Bitcoin?

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Both crypto coins have their strengths and weaknesses. So, the answer to this question comes down to what’s most important to you in a gambling currency. If you value fast transactions, innovative gaming, and transparency, Ethereum is the coin for you. If you prefer a stable, cheaper, and more widely accepted currency, try Bitcoin.

Shubham Kansal

Shubham Kansal is a tech-freak self-motivated professional who thrives on innovation and overcoming challenges. He is working on Tech Zimo for the last 4 years and went through writing for a lot of big media houses. Writing is her all-time favorite job. Know more about him on facebook,