Which cryptocurrencies are winning the race in the iGaming industry?

In terms of actually being able to use it for everyday transactions, cryptocurrency is becoming more useful every year. It’s not uncommon to see Bitcoin cash machines in major cities, or for enthusiasts to have their own crypto wallet debit card, or for companies to offer products or services in exchange for crypto payments.

Among the sectors to adopt cryptocurrency early is the iGaming industry. Along with traditional banking options, players can use cryptocurrency at online casinos that offer it as a payment method.

Of course, as is always the case in the cryptocurrency world, not all coins are equal. Some have risen to the top of the pile as the go-to choice for casino gamers.

The usual suspects are up there - Bitcoin, Ethereum and Litecoin are all popular options. But which coins are winning the race to become the go-to for crypto casino gaming?

Major cryptocurrencies take the lead

Given its dominance in the overall market, it should come as little surprise that Bitcoin is the number one cryptocurrency for iGaming. If you come across a crypto casino, it’s more than likely going to accept Bitcoin.

Ethereum is another cryptocurrency that is widely available to use at online crypto casinos. Despite suffering a dramatic price drop in 2024, it is still by far the second most valuable coin in terms of both price and overall marketcap.

Bitcoin and Ethereum, as you would expect, are nearly always an option. Yet, when it comes to crypto payments at online casinos, there are a surprising amount of options. Players can deposit using Bitcoin, Ethereum, Litecoin, BTC Cash, Dogecoin, Ripple, ADA, and many more cryptocurrencies at the mBitcasino website.

In the past, there would have been major restrictions as to which games could be played using less popular coins, as many would be incompatible with what developers were offering. The introduction of USD Play, which allows you to play games in dollars using a crypto balance, has changed that to some extent.

Still, if you’re looking for maximum functionality and want to make sure you can play all games on a given platform, it’s best to use well established coins like Bitcoin, which are always well catered for.

Stablecoins

Stablecoins have a unique feature that makes them particularly useful for players who want to keep a bankroll on the site or play for the long term.

One of the potential pitfalls with crypto casinos is the volatile nature of cryptocurrencies. Prices tend to fluctuate, which can increase or decrease funds that players have on the site.

Stablecoins get around this because they are designed to retain the same value. Tether, for example, is always near enough one-for-one the same price as USD. So, you can play casino games using stablecoins and know exactly where you stand.

It’s also easy to see the fiat value of bets when playing with a stablecoin, which is why coins like Tether have found a home in the iGaming space.

Gambling coins

Outside of “mainstream” cryptocurrencies like Bitcoin, Ethereum, Litecoin and so on, a category of coins exists that is exclusively for betting, known as gambling coins.

Gambling coins are nearly always linked to a specific platform. Players buy the appropriate gambling coin and then use it to make their deposit on a particular site. Casino games can then be played using these coins and can be withdrawn when desired.

As it stands, gambling coins don’t take a huge slice of the overall crypto market. The highest gambling-specific cryptocurrency has a relatively humble marketcap of less than $200 million and, as of March 2025, is worth less than one cent per coin. Others are worth up to 10 cents.

Gambling coins present a familiar problem; that of volatility. It’s a curse that all cryptocurrency shares, but one that is amplified when it comes to less established coins. Coins like Bitcoin have legs of their own, whereas gambling coins don’t tend to have much value outside of the platform they are used on.

For this reason, it’s wise for players on these sites to exchange gambling coins as and when needed, rather than store huge amounts as a bankroll.

So, which coins win the iGaming race?

So, to go back to the original question, which cryptocurrencies are winning the iGaming race? 

Well, despite gambling coins providing a specific utility, and many online casinos accepting alt coins, major cryptocurrencies like Bitcoin still hold the reins. The fact remains that Bitcoin is accepted at the widest range of crypto casinos, as well as being compatible with most crypto games from major developers.

If you already have a preferred cryptocurrency or have a supply of a particular alt coin, it’s good to know that popular crypto casinos accept a range of coins for their transactions. If, however, you are jumping into crypto gaming for the first time, or had to pick one, Bitcoin stands above the rest as the first choice.