Multichain Cryptocurrencies in Online Casinos Best Cryptos on Different Blockchains

Over the past few years, there has been an increased uptake of multichain cryptocurrencies in online casinos. You have several options and don’t have to worry about potential network incompatibilities since they are interoperable.

Let’s find out more if all online casinos accept these tokens, any potential issues, and examples of blockchains that support them.

Do All Crypto Casinos Accept Multi-Blockchain Transactions

Most crypto casinos accept cross-chain transactions. Multi-blockchain tokens allow you to easily transact in crypto casinos, but you must ensure you’re using a supported blockchain. Otherwise, you risk losing your funds in the process.

Also, note that there are different transaction speeds and crypto fees across these blockchains. For example, most casinos only accept Tether on ERC20, one of the most famous blockchains. Other notable cross-chain cryptocurrencies include Avalanche, BNB, Terra, and USDC.

While some casinos accept only specific coins and blockchains, other crypto casinos we’ve reviewed support countless tokens. For example, Bets.io accepts over 390 tokens and BC.Game over 110, giving you a wider range of options regarding payment methods.

Potential Issues & What to Watch Out for in Cross-Chain Cryptos

As most Bitcoin casinos embrace multichain cryptocurrencies, note that acceptance across different platforms varies and is influenced by various factors. They include:

  • Scalability challenges: Increased network traffic due to cross-chain transactions has led to an increased need for an increase in crypto scalability to match user demands.
  • Legal and regulatory issues: Rapid regulatory and legal evolution in the crypto market poses an implementation challenge in multi-chain solutions. We hope that online casinos address any compliance issues so players enjoy the benefits of cross-chain technology.
  • Complex implementation: Most new tokens face implementation challenges due to infrastructural inefficiencies. They might start well but lose track along the way due to a lack of funds. You can choose to play with any cross-chain crypto, but we recommend converting it to more established cryptocurrencies after withdrawing.

Despite the potential issues highlighted above, multichain tokens have several advantages over single-chain ones.

  • Improved security and decentralization: As you conduct multi-chain transactions, there comes about an enhancement of the security and decentralization of multiple blockchains. Many layers of protection are added to the respective blockchains, reducing the risk of single points of failure.
  • Expanded payment options for players: The wider range of cryptocurrencies accepted in cross-chain transactions provides you with more deposit and withdrawal choices.
  • Interoperability between different blockchain networks: Cross-chain tokens break barriers and facilitate smooth transactions between different crypto blockchain platforms.
  • Increased liquidity and accessibility by bridging multiple blockchains, enabling easy transfer of crypto tokens across different networks.

Crypto Blockchains That Support Tether USD

Tether is the most widely used stablecoin and is accepted in over 15 different blockchains. For illustration purposes, we’ll look at some of the blockchains.

However, our list is not conclusive. There are many more blockchains that we can’t exhaust at the moment.

ERC20

The ERC20 acronym stands for Ethereum Request for Comment 20 and is the standard bridge for tokens on the Ethereum blockchain. It has unique technical aspects, including a wallet address that starts with 0x which has been a pillar of crypto transactions, not only for Tether USD.

Sending ERC20 tokens to a different blockchain for example Bitcoin will lead to a permanent loss of funds. They won’t be recognized by the receiving blockchain and will be unrecoverable. It’s important to always double-check, confirm the receiving address, and ensure the blockchains are compatible before sending your tokens.

For a great experience playing with different cryptocurrencies in online casinos on ERC20, you can try out BitStarz.

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TRC20

TRC-20 is also called USDT-TRON, and all its transactions are performed on the TRON blockchain. It’s among the fastest, low-cost multi-chain platforms and adopts a similar design to ERC20.

Another good thing about this blockchain is that it’s compatible with ERC20 and has many modern features, including supporting p2p transactions. Since transactions on TRC20 are processed at lightning speed, there is a high throughput per second, making USDT a preferable stablecoin.

Our best online casino to process USDT transactions on the TRC20 blockchain is Bets.io.

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SPL

SPL (Solana Program Library) operates on the Solana blockchain. Any SPL-compatible token like USDT runs parallel to the Solana native coin, SOL, and can be used like any other crypto. However, only the native coin, SOL, can participate in the core operations of the Solana blockchain.

Unfortunately, every transaction on the SPL blockchain attracts a transaction fee that’s payable to the native coin, Solana. All the same, this is one of the best interoperable blockchains you can play via in Bets.io Casino.

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BEP-20

While USDT initially existed on the Ethereum blockchain using ERC20, it has expanded to other blockchains, including BEP20. Built on the Binance Smart Chain (BSC) network, BEP20 provides a secure and efficient platform for USDT transactions and other cryptocurrencies.

You must, however, have a BEP20-compatible wallet to transfer Tether coins. These wallets usually have an address that starts with 0x, like in the Ethereum network.

The use of smart contracts on BEP20 enhances transparency and trust in online gambling platforms. Our top choice for BEP20-compatible casinos is BetFury.

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AVAX

On the AVAX blockchain, USDT and other crypto transactions are processed almost instantly at 4,500 TPS. Besides, AVAX also employs advanced cryptographic algorithms to secure transactions, and the low transaction fees are a plus as opposed to more established ones like Bitcoin and Ethereum.

AVAX can provide a seamless experience if you’re looking to deposit and withdraw funds from online casinos. We recommend you try it out on Cloudbet.

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Polygon

Tether USD tokens are also supported by the Polygon blockchain. Formerly known as Matic, Polygon offers a framework for new and existing projects to work on the Ethereum network without scalability issues.

Tether USD’s expansion to operate on Polygon has been of great significance to the crypto community by providing cheaper transaction fees courtesy of Polygon’s Layer 2 solutions. Transaction fees on this blockchain are way lower than in most of the established networks.

For crypto casino players, we believe Bitcasino is a great option to try out Tether on the Polygon network.

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CRC20

The acronym CRC20 stands for Cashtoken Request for Comments 20 and is built on the Bitcoin Cash network. It BCH’s Unspent Transaction Output (UTXO) model to give Cryptocurrencies on that network scalability and security similar to Bitcoin Cash.

To transact on the CRC20 protocol, you only need to define a token and choose it as the transacting network. However, ensure you send the funds to a CRC20-compatible wallet. Otherwise, you risk losing them.

Among the crypto casinos we’ve reviewed, BC.Game is the most suitable for depositing or withdrawing USDT on the CRC20 blockchain.

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Arbitrium One

Unlike Ethereum, Arbitrum One is an Optimistic Rollup that makes transactions cost a fraction of what they do on Layer 1 while offering a similar experience. This L2 crypto network aims to address Ethereum’s scalability issues and increase transaction throughput while reducing Ethereum’s gas fee.

As part of the multichain cryptocurrencies in online casinos, you can seamlessly transfer USDT on the Arbitrium One blockchain. For a great experience with this protocol, we recommend trying it out on BC.Game.

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Optimism

This is a Layer 2 protocol operating on the Ethereum network. Optimism lets you enjoy fast and secure transactions at low fees courtesy of the Ethereum architecture it employs.

To conduct USDT transactions on this blockchain, you must select it as the network and send the funds to an Optimism-compatible wallet. For an online casino like BC.Game, there are over 100 casinos and most of them can be transacted on this blockchain.

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Omni

The Omni network was the first to mint Tether USD and is among the largest networks used by Tether to mint USDT. For cross-chain cryptocurrencies like Tether, it’s among the best blockchains that solve scalability issues encountered with most of the older blockchains.

If you play in a crypto casino like Bets.io, Omni is one of the best blockchains you should try out.

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FAQs

These are cryptocurrencies that can be transacted on several blockchains, for example, ERC20, AVAX, and CRC20. A good example of these currencies is Tether USD (USDT).

Yes, you can. You only need to ensure a crypto token is compatible with your chosen network. Otherwise, a wrong network might lead to permanent loss of funds.

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