New Zealanders are passionate online casino players who enjoy all kinds of games and bonus features. Local gamblers know all details of their games, so they demand the highest level of service when it comes to the average online casino NZ.
That is why the most popular payment methods in New Zealand are those that offer fast transactions and low fees. Cryptocurrencies have become one of the most used payment methods in online casinos worldwide, as they offer all these features.
In this post, we will discuss the most popular cryptocurrencies for online casino NZ. Let’s take a look!
Top 6 crypto coins at New Zealand gambling platforms
You probably know that there are thousands of different cryptocurrencies on the market. Nevertheless, only a few of them are used in online casinos due to their high volatile nature. Here are the most common crypto coins in New Zealand’s virtual casinos:
- Bitcoin (BTC)
As the first and most famous cryptocurrency, lots of NZ players use Bitcoin in plenty of online casinos as a payment method. It offers quick transactions (around ten minutes) with low online casino fees.
The coin has been around for more than ten years, which makes it one of the most trusted crypto assets. According to reports, more than 80 million people currently rely on Bitcoin for online transactions, thus making a huge opportunity for virtual gambling providers.
- Ethereum (ETH)
If you are looking for an alternative to Bitcoin with faster transactions, Ethereum is the right choice for you. The average transaction time for Ethereum is about two minutes, which is ten times faster than BTC. Besides that, ETH usually comes with zero fees for your gambling transactions.
- Litecoin (LTC)
Litecoin is another popular cryptocurrency for online casino payments in New Zealand. It has a similar structure to Bitcoin but with faster transactions. The average time for a Litecoin transaction is about two minutes. Litecoin is also one of the most widespread digital coins, which makes it a safe choice for online casino gamblers.
- Bitcoin Cash (BCH)
Bitcoin Cash is a fork of the initial Bitcoin blockchain, but it has already earned the trust of thousands of online casino gamblers. The purpose of Bitcoin Cash is to increase transaction speeds for payments, as well as to make mining more decentralized. Needless to say, both of these features perfectly suit digital casino users.
- Dash (DASH)
If you are looking for an anonymous cryptocurrency for your online casino payments, Dash is the right pick. It uses a unique technology called PrivateSend, which makes all transactions untraceable. So, if you value your privacy, this might be the best digital coin for you.
- Dogecoin (DOGE)
Dogecoin started as a meme coin but quickly became one of the most used cryptocurrencies in online casinos. It has a low transaction fee and can be easily found on popular crypto exchanges. The only downside of Dogecoin is that it is not as anonymous as Dash, but it is still a great choice for online casino payments.
What makes crypto money suitable for online gambling?
The use of cryptocurrencies in virtual casinos has become more and more popular over the past few years. This is because digital coins offer a lot of advantages for virtual gamblers. Here are some of the main reasons why people use crypto money for gambling:
- Quick transactions
One of the main pros of using cryptocurrency for online casino payments is the speed of transactions. Cryptocurrencies like Bitcoin and Ethereum offer fast transaction times, which is perfect for online gamblers who want to have fun with their favorite casino games without any delay.
You don’t need to wait for days or even weeks to receive your winnings when you use crypto money. The transaction will be processed within a few minutes, and you can enjoy your money right away.
- Low fees
Another great advantage of using crypto coins is that most of them have low transaction fees. This is especially useful for high rollers who make big deposits and withdrawals. With crypto money, they can save a lot on transaction fees.
When you use crypto coins for online casino payments, the transaction fee is usually around 0.001% to 0.01%. This is much lower than the fees charged by traditional methods like credit cards or bank transfers.
- Anonymity
Some people prefer to keep their gambling activities private, and cryptocurrencies offer a great solution for that. Certain coins such as Dash and Dogecoin offer anonymous transactions, which is perfect for people who value their privacy. If you use these coins for online casino payments, your personal information will be safe and sound.
How to use cryptocurrency for online casino payments?
If you want to use cryptocurrency for online casino payments, you need to first find a reputable online casino that accepts this type of payment. Luckily, there are more and more casinos that support crypto money these days.
Once you find a suitable casino, you need to create an account and choose cryptocurrency as your payment method. Then, you will need to deposit the amount you want to play with into your casino account. The process is usually pretty straightforward, and you can find all the instructions on the casino’s website.
After you’ve placed your deposit, you can start playing your favorite casino games. When you want to make a withdrawal, just choose cryptocurrency as your payment method and follow the instructions. The whole procedure is very simple and straightforward.
Final thoughts
Cryptocurrencies are becoming more and more popular in the gambling industry due to their fast transactions and low fees. If you are looking for the most popular crypto coins for online casino NZ, this post is for you. We hope you found it helpful!
