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Which cryptocurrencies are commonly used for provably fair gaming?

avatarcmarionmeDec 25, 2021 · 3 years ago3 answers

Can you provide a list of cryptocurrencies that are frequently used for provably fair gaming? I'm interested in knowing which digital currencies are commonly accepted by online casinos and gambling platforms that use provably fair algorithms.

Which cryptocurrencies are commonly used for provably fair gaming?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! Some of the most commonly used cryptocurrencies for provably fair gaming include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies are widely accepted by online casinos and gambling platforms due to their popularity and established infrastructure. They offer fast and secure transactions, making them ideal for provably fair gaming.
  • avatarDec 25, 2021 · 3 years ago
    When it comes to provably fair gaming, Bitcoin is undoubtedly the king. It was the first cryptocurrency and remains the most widely accepted digital currency in the online gambling industry. However, Ethereum has also gained significant popularity and is now commonly used for provably fair gaming. Other cryptocurrencies like Litecoin and Bitcoin Cash are also accepted by many online casinos and gambling platforms.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we recommend using Bitcoin (BTC) and Ethereum (ETH) for provably fair gaming. These two cryptocurrencies have the largest user base and are widely accepted by online casinos and gambling platforms. They offer fast and secure transactions, ensuring a seamless gaming experience. However, it's important to note that other cryptocurrencies like Litecoin and Bitcoin Cash are also commonly used for provably fair gaming.