Two great examples are Stablecoins like Tether USDT or USD Coin that maintain a 1:1 ratio with the US Dollar. As the dollar is a fiat currency, it is considered stable with low volatility, making it the perfect asset to pair with a crypto stablecoin.

As a result, stablecoin cryptocurrencies are ideal if you are adverse to risk and want to avoid dramatic price drops.

Benefits of Using Stablecoins in Crypto Casinos

In crypto casinos, stablecoins are popular because they:

Protect against price swings:

Your casino bankroll holds the same value as the asset, such as USD or EUR, to which it is pegged.
Fast Transaction Times:

Stablecoins are well-known for their fast transaction times. As such, they are perfect for quick deposits or withdrawals.
Low Fees:

The fees are usually lower compared to using e-wallets or bank transfers.

For casino players, stablecoins are perfect if you want to enjoy the benefits of cryptocurrency, such as speed, privacy and low-cost transactions, while maintaining a stable and non-volatile balance.

How to Store Stablecoins Safely

Additionally, some individuals prefer to hold their USD or EUR in stablecoins, storing them in wallets rather than in a traditional bank account.

Custodial Wallets (with KYC):

You can store stablecoins on a custodial wallet, which often requires a KYC check

Self-Custody Wallets (non-KYC)

You can store stablecoins on self-custody (non-custodial) wallets, which do not require a KYC check.

Should You Use Stablecoins in Online Gambling?

If you want to gamble online without the stress of market volatility, consider using stablecoins. You can also use stablecoins to claim Bitcoin casino bonuses. For example, the mBitcasino welcome bonus offer is also available to players who want to deposit using USDT (ERC-20) for a minimum deposit of 30 USDT.