While Bitcoin (BTC) remains the undisputed king of cryptocurrency in online betting, a growing number of altcoins (any cryptocurrency other than Bitcoin) are gaining significant traction on crypto betting sites. These alternatives often offer distinct advantages such as faster transaction times, lower fees, or unique functionalities that enhance the betting experience.
As of mid-2025, here’s a look at the top altcoins widely accepted and preferred on leading top crypto betting sites platforms:
1. Ethereum (ETH)
Ethereum is undoubtedly the second most popular cryptocurrency on betting sites, right after Bitcoin.
- Why it’s popular: Ethereum’s widespread adoption, robust ecosystem, and its role as the foundation for decentralized applications (dApps) make it a natural fit. Many crypto casinos are built on or integrate heavily with the Ethereum blockchain.
- Benefits for betting: Relatively fast transactions (though gas fees can sometimes be high during peak network congestion), strong security, and wide acceptance across platforms.
- Smart Contracts: Ethereum’s smart contract capabilities allow for innovative “provably fair” games and even decentralized betting applications where game logic and payouts are automated and transparently executed on the blockchain.
2. Tether (USDT)
As the largest stablecoin by market capitalization, Tether is a cornerstone of crypto betting.
- Why it’s popular: USDT is pegged to the US dollar (1 USDT = ~1 USD), making it immune to the notorious volatility of other cryptocurrencies.
- Benefits for betting: Offers stability, eliminating the risk of your winnings losing value due to market fluctuations. It combines the speed and low fees of crypto transactions with the price stability of fiat currency. It’s often available on multiple blockchains (Ethereum, Tron, Solana, etc.), allowing users to choose the fastest and cheapest network.
- Ideal for: Players who want to lock in their winnings immediately or bet with funds that won’t suddenly plummet in value.
3. Litecoin (LTC)
Often called the “silver to Bitcoin’s gold,” Litecoin is a long-standing altcoin.
- Why it’s popular: Litecoin was designed for faster transaction speeds and lower fees compared to Bitcoin.
- Benefits for betting: Excellent for quick deposits and withdrawals with minimal network costs, making it a highly practical choice for frequent bettors. Its stability and liquidity are also strong.
4. Dogecoin (DOGE)
What started as a meme has evolved into a surprisingly popular cryptocurrency for online transactions.
- Why it’s popular: Dogecoin has a vibrant community, very low transaction fees, and fast block times. Its playful nature resonates with a casual betting audience.
- Benefits for betting: Ideal for micro-betting and for players who appreciate its low transaction costs and quick confirmations. Many crypto casinos have embraced DOGE due to its community support.
5. Ripple (XRP)
XRP is known for its focus on fast, low-cost international payments.
- Why it’s popular: While often associated with enterprise solutions, XRP’s core technology offers extremely rapid transaction speeds (often under 5 seconds) and negligible fees.
- Benefits for betting: Provides near-instant deposits and withdrawals, making it highly efficient for online gambling, especially for users who prioritize speed above all else.
6. Solana (SOL)
Solana has emerged as a major player, often dubbed an “Ethereum killer” for its high throughput and low transaction costs.
- Why it’s popular: Its incredible speed and scalability make it attractive for dApps and high-volume transactions, including those in the betting space.
- Benefits for betting: Offers extremely fast and cheap transactions, making it highly suitable for frequent deposits and withdrawals without incurring significant network fees. Its growing ecosystem means more betting platforms are integrating SOL.
7. Binance Coin (BNB)
BNB is the native cryptocurrency of the Binance ecosystem, including the Binance Smart Chain (now BNB Chain).
- Why it’s popular: Its close association with Binance, the world’s largest crypto exchange, gives it immense liquidity and widespread use. The BNB Chain offers fast and cheap transactions compared to Ethereum.
- Benefits for betting: Players can often leverage BNB for lower fees on platforms integrated with the Binance ecosystem, enjoying quick and cost-effective transactions.
Other Notable Altcoins You Might Find:
- Bitcoin Cash (BCH): A fork of Bitcoin, aiming for faster transactions and lower fees than BTC.
- Tron (TRX): Known for its focus on decentralized content and entertainment, offering fast and often very low-cost transactions, particularly for USDT on the TRC-20 standard.
- Cardano (ADA): A proof-of-stake blockchain with a focus on security and scalability, growing in adoption for betting.
- USDC (USD Coin): Another major stablecoin, similar to USDT, offering price stability.
Why Choose Altcoins Over Bitcoin for Betting?
While Bitcoin is universally accepted, altcoins offer specific advantages:
- Faster Transactions: Many altcoins (LTC, XRP, SOL, BNB) boast significantly quicker transaction confirmation times than Bitcoin, crucial for rapid deposits and withdrawals.
- Lower Fees: Network fees for altcoins are often a fraction of Bitcoin’s, making smaller transactions more economical.
- Specific Use Cases: Stablecoins (USDT, USDC) mitigate volatility, while smart contract platforms (ETH, SOL, BNB) enable more complex, transparent game mechanics.
- Diversity and Experimentation: Using various altcoins allows players to diversify their crypto portfolio or experiment with different blockchain technologies.
As the crypto betting landscape continues to mature, the acceptance and utility of these top altcoins will only grow, providing bettors with more efficient, private, and versatile ways to engage with their favorite games.
