Bitcoin and Ethereum are the two most used cryptocurrencies in the world. And people have always had trouble deciding between them. Which one is more profitable to buy for the long term? Which one is more profitable to trade futures on?
These are good questions, but today we will try to answer another one: Which is better for gambling – Ethereum or Bitcoin?
Let’s try to figure it out.
Key Differences Between Ethereum & Bitcoin
In order to quickly figure out which of the cryptocurrencies listed above is better for playing casino dice, you should look at their differences from one another.
Transaction Speed and Fees
The first, and most important aspect is speed.
It is the one that can greatly affect your casino experience depending on the cryptocurrency.
Bitcoin can take anywhere from 10 minutes to an hour, depending on the load. That’s quite a long time. During the waiting time, you may get discouraged or have new things to do. It can be frustrating.
Ethereum, on the other hand, has great transaction speed. It takes a couple of minutes. But Ethereum’s gas fees can jump due to high network load.
To summarize, Ethereum is better for gambling in terms of speed.
Security and Anonymity
What about anonymity? There are fewer differences between the two currencies, but they are there.
If you want impenetrable anonymity, you need Bitcoin. It is almost impossible to trace its transactions. No one can find out that it was you who gambled or fooled you in any way.
Ethereum also has strong security, but there is one thing. All because of smart contractual functionalities. This system can allow other people to expose transaction details if they want to. Therefore, Ethereum cannot guarantee 100% anonymity.
In security aspects, Bitcoin is better.
Availability
This is probably one of the most significant aspects. Because if the casino does not support one of these cryptocurrencies, then there is no need to choose.
And here Bitcoin is also the leader. It’s the most popular cryptocurrency. Any casino that supports crypto will support Bitcoin. So you don’t even have to think about it.
Ethereum is of course also very popular, but not all casinos support payments with this currency. So you may not be able to play on the platforms you wanted to play on.
It is necessary to read the rules of the site carefully before playing on it so that then you have no questions.
So Which One Should You Choose?
And so, we’ve gone over the main aspects of currencies that can affect the gambling experience.
If you need stability, and accessibility but are willing to sacrifice speed – Bitcoin is a great choice for you.
If you want everything to be faster, use smart contracts, and are not afraid that some casinos will be inaccessible to you – Ethereum is what you need.
In any case, we advise you to test both of these cryptocurrencies and decide in practice what is better for you.
