As the popularity of crypto and esports continues to grow, so too does the opportunity to wager on your favorite games using digital assets. For many fans and bettors, crypto esports betting provides benefits over traditional sportsbooks, like anonymity, faster transactions, and access to markets not available elsewhere.

But with so many new sites popping up seemingly every day, it can be difficult to separate the winners from the wannabes. In this article, we'll break down the top 7 Bitcoin and crypto esports betting sites in 2024 based on our experience, focusing on features, selection, experience, reputation, and bonuses.

List of the best Bitcoin and crypto esports betting sites in 2024:

BC.Game - Top variety of esports markets

Jackbit - Intuitive interface for mobile betting

Winz.io - Generous rewards for crypto gamers

Cloudbet - Established name with deep liquidity

WSM Casino - Generous perks for skilled gamers

FortuneJack - Legendary crypto gambling brand

JustBit - Best live betting options

Ranking the best Bitcoin & crypto esports bookmakers for 2024

To rank the top crypto esports betting sites, we considered many important factors:

Support for Bitcoin (and other cryptocurrencies)

Odds and markets

Bonuses and promotions

Deposit/withdrawal limits and speeds

Live streaming and cashout options

Security, regulations, and reputation

Let's take a closer look at the 7 best crypto esports betting platforms that stood out in our research and why each one deserves a place on this list.

1. BC.Game - A well-established operator with a strong esports focus

Perhaps the largest and one of the best Bitcoin casinos, BC.Game offers an excellent all-around esports betting experience. With over 20 markets available in major tournaments and leagues, you'll find odds and props on every big game.

The site also wins points for stellar live betting and streaming. You can place in-game wagers and tune into most matches directly from the site. Beyond just esports, BC.Game also has deep sportsbook and casino sections to keep you entertained around the clock.

New players can jumpstart their BC.Game balance with a generous 180% matched deposit bonus of up to 5 BTC. Funding is a breeze with over 90 supported coins, and low minimums (0.0001 BTC) make it perfect for casual gamblers, too. BC.Game is a terrific all-around choice.

Pros:

Accepted Bitcoin deposits since 2017

A large variety of esports markets to choose from

The operator is regarded as trustworthy by the community

24/7 live chat customer support

 

Cons:

The website interface feels slightly outdated

Smaller range of payment options compared to rivals

Visit BC.Game

2. Jackbit - A dependable all-rounder for crypto sports betting

For those looking primarily for esports betting, newcomer Jackbit is worth a look. Though smaller than BC.Game, this crypto casino still manages to offer over 15 markets on tournaments across games like Dota 2, CS: GO, and League of Legends.

Where Jackbit stands out is its passion for the crypto esports scene. Alongside standard odds, you'll find fun prop bets catered to die-hard fans. The site also hosts free-to-enter esports prediction contests where top scorers can win cash and prizes.

Funding is fast, with 14 supported coins, including Bitcoin and Ethereum. Newcomers receive a 100% matched welcome bonus of up to 1 BTC after their first deposit, too. While Jackbit may lack breadth, it packs a serious punch for dedicated esports bettors.

Pros:

Specialists focus on competitive gaming markets

Large range of deposit/withdrawal crypto options

Frequent bonuses and promotions for esports fans

Novel bet props beyond just match winners

 

Cons:

The interface feels a bit busy and cluttered at times

Customer support could have more language options

 

Visit Jackbit

3. Winz.io - Great for crypto slot players seeking esports action

Sporting a clean and easy-to-use interface, Winz.io is another great choice for crypto esports betting. You'll find over a dozen top games supported with pre-match and live markets on matches from major regions. Standout features include a live scorebot to track live games and multi-live streaming.

Beyond just esports, Winz.io has sports and casino environments too. However, where it truly shines is Bitcoin support - few can match its suite of 14 supported BTC-denominated markets and currencies. Low minimums of 0.0002 BTC also make it perfect for casual or trial Bitcoin bets.

All new players can unlock up to 5 BTC in matched bonuses too with the site's generous 250% first deposit offer. While Winz.io may lack the depth of BC.Game, for pure crypto convenience and esports betting selection, remains a top-tier option.

Pros:

No-wagering free spins bonus is very generous

Deposits and withdrawals are instant with crypto

Customer support is responsive through live chat

 

Cons:

Esports selection still needs to expand

Website design could use some polishing

 

Visit Winz.io

4. Cloudbet - An industry leader with many crypto advantages

As one of the pioneering Bitcoin sports betting sites, Cloudbet helps cement its legacy with robust crypto esports betting. You'll find markets catering to competitive gaming obsessives with less mainstream options alongside juggernauts like Dota 2 and League of Legends.

Beyond just esports, Cloudbet also has sportsbooks with good Bitcoin odds. Its casino is another top destination for crypto gamers. However, the site truly shines in its VIP programs. Rewards start very accessible but scale to include exclusive promos and 24/7 concierge support.

New players can earn up to 5 BTC in signup bonuses, too, by splitting their deposits across the sportsbook, casino, and racebook. Cloudbet's experience, breadth of options, and rewards program make it a go-to for serious crypto gamblers.

Pros:

Cryptocurrency sportsbook innovator with experience since 2013

Powerful in-play betting features for esports fans

A diverse range of virtual and traditional games to play

 

Cons:

The interface feels somewhat cluttered and information-dense

Minimum deposit amounts start quite high at 0.0005 BTC

 

Visit Cloudbet

5. WSM Casino - Bursting with variety for crypto bettors

Though not a dedicated esports book, WSM still provides soli esports betting through its robust crypto casino environment. Alongside slots and table games, you'll find dedicated pages for competitive gaming with markets spanning Overwatch, League of Legends, and more.

Where WSM impresses most is its commitment to anonymity and crypto. The site requires no account creation, and only a wallet address is needed to start playing. Over a dozen coins are supported, too, including privacy-focused options. This level of crypto purity is tough to beat.

New players can also test the waters risk-free thanks to a 200% first deposit bonus up to $25,000. Low 0.0002 BTC minimums also mean casual Bitcoin bets are within reach. While not feature-packed, WSM remains a top crypto-first destination.

Pros:

Impressive 24/7 multilingual live chat customer support

Unique esports-themed props and tournaments

Generous referral program rewards player input

 

Cons:

Crypto game selection could still be widened

Website design lacks the polish of more established rivals

 

Visit WSM Casino

6. FortuneJack - Serious crypto sportsbook for high rollers

With FortuneJack, you get a robust all-in-one gambling solution wrapped up in a polished crypto package. Alongside its deep sports offering, you'll discover a growing esports betting selection spanning Overwatch, CSGO, and more popular scenes.

The site sets itself apart, however, through features like anonymous accounts, fast worldwide payouts, and an emphasis on cryptocurrencies over fiat. Over a dozen coins are supported, including privacy favorites Monero and Dash. Bonuses are also very generous at 200% up to 2 BTC, including a 150 free spins no deposit bonus.

FortuneJack's all-encompassing offering and Bitcoin focus make it a favorite amongst crypto gamblers of all stripes. Whether betting on esports or spinning slots, you'll enjoy true anonymity with every action. FortuneJack is a leader in the pack for crypto-focused convenience.

Pros:

Established brand bringing esports savvy from casino success

Easy crypto deposits and quick payouts

Expanding esports investment bodes well for deepening markets

 

Cons:

Current esports selection is still limited

Website redesign could provide a fresher visual experience

 

Visit FortuneJack

7. JustBit - Excellent all-round option for smaller balances

Rounding out our list is relative newcomer JustBit, a fresh Bitcoin esports betting destination bringing a breath of modernity. Here, you'll discover all the latest happenings in competitive gaming, from CSGO Asia minors to booming mobile scenes with markets to match.

Standout features include multi-live streaming direct from the site and slick futures betting on year-end tournament placements. Account creation is completely anonymous too. Yet it's JustBit's winning combination of 7 supported cryptos, low 0.0002 BTC deposits, and 220% welcome bonus that seals the deal.

While still establishing its reputation, JustBit provides a crypto-centric experience on par with more established veterans. For those seeking the newest crypto esports betting kid on the block, JustBit deserves serious consideration.

Pros:

Strong emphasis on growing mobile esports markets

Generous loyalty perks provide extra value

24/7 multilingual support across live chat and email

 

Cons:

Reliability depends on ongoing platform investment

Crypto payment range remains more limited than peers

 

Visit JustBit

Choosing the right crypto esports betting site

With so many good choices, how do you pick the best crypto esports betting site? Here are some factors to consider:

Game and market coverage - Evaluate which esports titles and tournaments are supported to ensure your favorites are covered with competitive odds and bet types.

Payment options - Most sites above accept major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, but check which currencies work best for you.

Bonuses and promos - Many crypto sportsbooks offer generous new player bonuses and ongoing promotions for depositors and active players.

Reputation and trust - Consider how long a site has been in business, reviews from players, and any history of disputes or failed payouts. Safer to avoid newcomers.

Support quality - Check if customer service is accessible 24/7 via live chat, email, or phone. Response times are important.

Betting limits - Consider minimum and maximum bet amounts to see if they align with your usual wager sizes.

Device compatibility - Some crypto sportsbooks work better on mobile via their dedicated apps or mobile-optimized sites.

Withdrawal speeds - Faster payout times within minutes or hours are ideal for convenient cashouts.

By researching factors like these for the options reviewed above, you can make a well-informed choice of the best crypto esports betting site to suit your unique needs. Let the games and winning bets begin!

Site Esports coverage BC.Game Extensive for major titles Jackbit Good range of pro tournaments Winz Solid markets for top games Cloudbet Huge range of pro + community events WSM Casino Developing fast, top tournaments covered FortuneJack Well-established, major titles listed JustBit Newcomer focused on crypto + esports

Wrapping up

Crypto and esports betting have never been more accessible or convenient. By focusing on the top options highlighted above, you can rest assured in finding quality markets, generous bonuses, robust features, and lightning-fast cryptocurrency support wherever your competitive gaming passions lie.

DISCLAIMER: Gambling carries financial risks and can lead to addiction. Please gamble responsibly, seek help if needed, and ensure you comply with local laws regarding gambling. The information provided in this article is for informational purposes only and does not constitute legal or financial advice. For additional resources on responsible gambling, visit ResponsibleGambling.org.

In simple terms, crypto gaming refers to video games that integrate blockchain technology, allowing players to own, trade, and earn digital assets. This fusion of gaming and blockchain has created a new way for gamers to interact with virtual worlds and in-game economies.

The concept of crypto gaming has evolved significantly since its inception. Initially, games were straightforward, with limited interactivity and financial incentives. However, the development of blockchain technology and non-fungible tokens (NFTs) has transformed the landscape, enabling complex ecosystems where players can truly own and monetize their in-game assets.

In this article, we will examine the key concepts that define crypto gaming and explore some of the most popular projects in the blockchain gaming space.

Key highlights:

Crypto gaming integrates blockchain technology into video games, enabling players to own, trade, and earn digital assets, creating new interactions within virtual worlds and in-game economies.

Blockchain-based games employ blockchain for decentralized, transparent ledgers of in-game transactions and assets, ensuring security and trust among players.

Popular crypto games like Notcoin, Hamster Kombat, and The Sandbox have gained significant traction, showcasing that engaging gameplay combined with play-to-earn features can attract a large user base, including non-crypto enthusiasts.

Despite challenges, such as the public backlash against NFTs in games, the success of well-designed crypto games highlights the potential for continued growth and innovation in the blockchain gaming space.

What is crypto gaming?

Crypto gaming (also known as blockchain gaming) refers to video games that use blockchain solutions in some capacity. These solutions usually include NFTs, cryptocurrencies, or unique monetization models like Play-to-Earn (P2E). 

What's the difference between NFTs and cryptocurrencies? NFTs are unique digital assets representing ownership of specific items like art collectibles or in-game items, while cryptocurrencies are fungible digital currencies like Bitcoin or Ethereum used for transactions. NFTs are distinct and indivisible (non-fungible), whereas cryptocurrencies are identical and can be exchanged on a one-to-one basis (which makes them fungible, like traditional money).

The crypto gaming market has grown rapidly over the past couple of years, and the growth trend is set to continue in the coming years. According to a report by Fortune Business Insights, the blockchain gaming market is expected to grow from $154 billion in 2023 to $615 billion in 2030.

Crypto gaming coins and tokens boast quite a large market cap as a whole (about $8 billion as of writing), representing a significant share of the total crypto market cap. Below, you can find a snapshot of the leading crypto gaming cryptocurrencies as of July 2024.

Key concepts that crypto games from traditional games

While crypto games and traditional games share many similarities in terms of gaming mechanics, graphics, and genres, there are several differences that make them clearly distinguishable from each other. Here are the main concepts that define crypto games in our opinion:

The use of blockchain: Blockchain technology underpins crypto games by providing a decentralized and transparent ledger for all in-game transactions and assets. This ensures security, immutability, and trust among players.

Tokenization: Involves converting in-game assets into digital tokens that exist on the blockchain. These tokens can represent anything from virtual currency to in-game items and can be traded, sold, or transferred outside the game itself, creating a real-world value for digital items.

NFTs: Represent ownership of a specific item or piece of content within the game. Unlike cryptocurrencies, NFTs are indivisible and unique, providing proof of ownership and rarity for digital collectibles, characters, or other in-game assets.

Play-to-earn: By playing the game, completing tasks, or achieving specific milestones, players can earn crypto or NFTs, transforming gaming from a leisure activity into a potential source of income.

While there are some other aspects of crypto games that make them unique – such as interoperability of in-game assets, the use of cryptocurrency in gaming for purchasing various items, and more – the list above should provide a good starting point for determining the differences between traditional and crypto games.

Most popular crypto games

Over the past couple of years, many cryptocurrency games have been launched with greater or lesser success. However, there are a couple of games that have managed to break the typical crypto gaming mold and become popular among non-crypto enthusiasts as well.

Notcoin

Notcoin is a P2E clicker game launched on the Toncoin platform earlier this year. It’s a simple game that runs as a mini app on the Telegram messenger and allows users to tap on the screen to earn in-game currency, which can then be used to upgrade the speed at which new coins are earned. NOT, the game’s native cryptocurrency, is earned by completing various tasks and participating in game activities.

The game has amassed a player base of over 40 million, according to the team’s announcement in late June. At the time of writing, the NOT token is trading at $0.016 and boasts a market capitalization of more than $1.64 billion, making it one of the largest crypto gaming assets in the sector.

Hamster Kombat

Hamster Kombat follows in the footsteps of Notcoin, being a tapper mini-game on Telegram. What’s perhaps most impressive about Hamster Kombat is that it managed to surpass Notcoin in terms of popularity, amassing 239 million between its launch in March. The game puts players in the shoes of a crypto exchange CEO who has to make various decisions to increase their profit per hour. The profit can be increased by completing in-game tasks and also by participating in exclusive daily cipher and daily combo card events.

Hamster Kombat is expected to launch its native token in July 2024. However, several exchanges have already listed HMSTR for pre-market trading, including Bybit and KuCoin. As of writing this article, HMSTR pre-market orders are filling at about $0.120.

The Sandbox

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences. It uses blockchain technology to empower players with ownership of their creations. Players can trade in-game assets, which are represented as NFTs, on The Sandbox marketplace, fostering a robust economic system, making it one of the best play-to-earn crypto games overall.

It’s worth noting that the game initially launched in 2012 as a 2D mobile game developed by Pixowl. The company was acquired by Animoca Brands – one of the leading metaverse companies – in 2018, and The Sandbox was relaunched as an open-world metaverse in 2021. The game has since attracted millions of users, including celebrities like Snoop Dogg, Deadmau5, Steve Aoki, and major companies such as Adidas, Atari, and more. 

The bottom line

Crypto gaming has become more prevalent in recent years, but the trend has encountered several obstacles along the way. Perhaps most well-publicized was the backpack against the use of NFTs in games, with triple-A studios like Ubisoft backtracking on their NFT integrations due to public outrage. 

Still, games like Notcoin, Hamster Kombat, and The Sandbox show that people will gravitate towards crypto games that are well thought-out and engaging, especially if they have a play-to-earn component that allows them to earn money while having fun.

If you’re just starting your cryptocurrency journey, the most important step to take is to set up a crypto wallet and take the necessary precautions to ensure your crypto remains safe.

We’ll show you how to create a crypto wallet and explain the most important aspects of keeping your cryptocurrency safe. 

We’ll also be highlighting the different types of crypto wallets you can use and explain their advantages and disadvantages.

Key highlights:

You can download a cryptocurrency wallet for free and set it up in just a few minutes.

Crypto wallets can be installed as mobile apps, web browser extensions or desktop applications.

Some cryptocurrency wallets support many different cryptocurrencies, while others are specialized for a particular cryptocurrency.

When creating a cryptocurrency wallet, it is extremely important to back up your seed phrase and store it in a secure location.

How to create a crypto wallet?

The first thing you need to create a crypto wallet is to know which cryptocurrencies you plan to store in it. There are multi-currency crypto wallets that support many different cryptocurrencies, as well as specialized crypto wallets that only work with a specific cryptocurrency. 

You should also decide which device you want to use your cryptocurrency wallet on. Crypto wallets can function as mobile apps, web browser extensions or applications for your desktop computer or laptop.

In this guide, we will use a multi-currency wallet, but the set up process is quite similar for all kinds of crypto wallets. We will set it up as a browser extension.

Before we explain how to create a crypto wallet, we want to emphasize some basic tips for beginner crypto users which will help keep your cryptocurrencies safe:

Never share your private key with anyone.

Never share your seed phrase with anyone. Just like your private key, your seed phrase provides full access to your cryptocurrencies.

When setting up your wallet, make sure you back up your seed phrase (you can use a piece of paper) and store it somewhere safe.

Cryptocurrency transactions can not be reversed. Before you send your cryptocurrency anywhere, make sure to double-check that you are sending to the correct address.

If you lose the device your crypto wallet is installed on, you can still access your crypto if you have backed up your seed phrase.

Sharing your cryptocurrency address publicly is completely safe for your crypto funds, but you need to consider the privacy implications of doing so.

If you are a cryptocurrency beginner and working with a relatively small amount of funds, it’s okay to use a software wallet. If you plan to invest a significant amount of money into cryptocurrency, we strongly recommend you purchase a crypto hardware wallet.

1. Download and install your crypto wallet software

In this guide, we will be using Trust Wallet, which is a crypto wallet that supports many different cryptocurrencies and can be installed as a mobile app or as a web browser extension. We will be using the browser extension version for the purposes of this guide.

First, let’s head over to Trust Wallet’s official website, click “Download extension” and select our web browser (Google Chrome).

Then, we’re going to select “Add to Chrome” to add the Trust Wallet extension to our Chrome web browser.

The installation of the Trust Wallet browser extension should only take a couple of seconds. Once the welcome screen pops up, select “Create a new wallet”.

Now, you will be asked to set up a password which you will use to access your wallet. The extension has built-in checks that will automatically prevent you from creating a weak password. 

2. Back up your seed phrase

After you set up your password, you will be automatically logged into your Trust Wallet. Now, it’s time to back up your seed phrase so that you will be able to access your cryptocurrency even if you forget your password or your device is stolen or lost.

Please note that Trust Wallet uses the term “secret phrase”, but the more commonly used term is “seed phrase”. Both terms refer to the same thing.

Grab a pen and a piece of paper, then click “Backup your Secret Phrase now” at the top of the Trust Wallet interface.

Click “Show” to reveal your seed phrase. You will be asked to enter your password.

Your seed phrase is an ordered list of 12 words. This combination of words provides complete access to all the cryptocurrencies you store in this wallet. You can use it to restore access to your wallet if you forget your password or switch to a new computer or mobile device.

Write down the 12 words in the correct order on a piece of paper and store it somewhere safe. 

3. Get your crypto address

Now that you have securely backed up your seed phrase, it’s time to get your crypto address. We’ll use Bitcoin in this example, but the process is the same for any other cryptocurrency supported by Trust Wallet.

Click on BTC in the main menu to get to the Bitcoin section of your Trust Wallet. Then, click Receive.

The wallet will display a QR code, as well as a plaintext address that you can use to receive BTC. Please keep in mind that different cryptocurrencies can have different address formats. Our Bitcoin address starts with “bc1”, while Ethereum addresses start with “0x”.

Now that we’ve explained how to create a crypto wallet, let’s learn some more about the different types of cryptocurrency wallets that are available.

Custodial vs. non-custodial wallets

A custodial wallet is a type of cryptocurrency wallet where a third party manages the private keys on behalf of the user. For example, when you deposit your crypto to a cryptocurrency exchange, the exchange controls the wallet's private keys.

If you hold cryptocurrency in an account on a cryptocurrency exchange, you are using a custodial wallet since the exchange, not you, controls the private keys associated with your coins.

When you want to perform any transaction with the cryptocurrency in your account, you submit a request to the exchange, and the exchange has the final say on whether to approve it or not.

The main benefit of custodial wallets is convenience. If you’re using a custodial wallet, you don’t need to worry about backing up your private keys or seed phrase, since the custodian will do that for you. They will also be able to restore your account in the event you forget your password.

Meanwhile, a non-custodial wallet gives you full control (and responsibility) over your cryptocurrency. With a non-custodial wallet, you manage your private keys by yourself and have to ensure that you back up your seed phrase properly.

The main downside of a non-custodial wallet is that all of the responsibility of keeping your cryptocurrency safe lies on you.

Trust Wallet, which is the wallet we used in the guide above, is an example of a non-custodial wallet. However, this also means that the Trust Wallet team will not be able to help you if you lose your seed phrase.

Hot wallets vs. cold wallets

A hot wallet is a cryptocurrency wallet where the private keys are stored on a device that is connected to the internet, such as your mobile phone or desktop computer. This is convenient, but makes the cryptocurrency stored in a hot wallet much more vulnerable to cyber attacks. 

When it comes to cold wallets, however, the private keys are stored in a device that is always offline. The most popular type of cold wallets are hardware wallets. 

Hardware wallets are devices that generate and store private keys in a completely offline environment. When you want to transact with your crypto, you connect your hardware wallet to your PC or mobile device and initiate the transaction. Then, the hardware wallet transmits the signature necessary to approve the transaction, but never sends the actual private keys to the device it’s connected to.

If you plan to invest significant amounts into cryptocurrency, we strongly recommend that you use a hardware wallet, for example the Ledger Nano S Plus.

FAQs

Now, let’s quickly answer some of the most frequently asked questions users have about how to create a crypto wallet.  

How to create a Bitcoin wallet?

You can download a Bitcoin wallet for your mobile device, PC or laptop for free and set it up within minutes. Here are the Bitcoin wallets we recommend:

Blue Wallet (mobile)

Blockstream Green (mobile)

Electrum (desktop)

BitPay Wallet (desktop and mobile)

How to create an Ethereum wallet?

Ethereum wallets are typically offered either as mobile apps or web browser extensions. Here is our selection of the best Ethereum wallets on the market today:

MetaMask (mobile and browser extension)

Rainbow Wallet (mobile and browser extension)

Rabby Wallet (mobile, desktop, browser extension)

1inch Wallet (mobile)

How to create a Solana wallet?

Solana is a cryptocurrency that’s quickly growing in popularity, and there’s plenty of high-quality Solana wallets to choose from. Here’s our picks for the best Solana wallets:

Phantom (mobile and browser extension)

Solflare (mobile and browser extension)

Backpack (mobile and browser extension)

How to get a crypto wallet?

Crypto wallets are free to download and can be available as mobile apps, web browser extensions or PC applications. Before downloading a wallet, make sure it supports the platform you want to install it on and the cryptocurrency that you want to store.

What happens if I lose the phone my crypto wallet is installed on?

When you will be setting up your crypto wallet, you will receive a seed phrase, which is an ordered list of words that you can use to restore access to your cryptocurrency. As long as you back up your seed phrase safely, you will be able to access your crypto even if your phone gets stolen or you lose it.

How to create a crypto wallet address?

After you install your crypto wallet of choice, it will generate addresses for you automatically. You can then use these addresses to receive cryptocurrency.

The bottom line

Hopefully, our article helped you create your first crypto wallet and explore the exciting world of cryptocurrency. If you want to learn more about how cryptocurrency wallets work, check out our articles explaining hot wallets vs. cold wallets and Bitcoin wallet addresses.

Ethereum has become one of the most popular cryptocurrencies for online gambling due to its wide range of uses for sports betting. With Ethereum, bettors can place bets, track bets, and get payouts all using crypto. In this article, we'll explore the 7 best Ethereum sports betting sites of 2024 and what makes each site stand out. By the end, you'll have a good idea of which Ethereum sports betting platforms are the most reputable and easy to use.

List of the best Ethereum sports betting sites in 2024:

BC.Game - A well-rounded crypto casino and sportsbook

Winz.io - Robust crypto sportsbook with competitive odds

Jackbit - A crypto sportsbook specializing in eSports

Cloudbet - Established veteran powered by Bitcoin and Ethereum

JustBit - A full-featured crypto casino and sportsbook

FortuneJack - A veteran crypto casino and sportsbook

WSM Casino - A niche crypto casino focusing on slots

What is Ethereum sports betting?

Ethereum is a decentralized, open-source blockchain network that allows developers to build decentralized applications (DApps) on top of its platform. In terms of Ethereum sports betting, it provides bettors with several key advantages over traditional fiat-based sportsbooks:

Anonymity: Ethereum transactions are pseudonymous, meaning users' accounts are not directly tied to their real identities. This provides bettors with a higher level of financial privacy than depositing at a regular sportsbook.

Accessibility: Since Ethereum operates globally on the internet rather than being restricted by jurisdictional licensing, it allows users worldwide access to sports betting markets regardless of where they live.

Lower fees: Transacting with Ether (ETH) typically costs a fraction of a percent in fees, rather than the 3-5% that credit cards or wire transfers usually charge at fiat-based sportsbooks.

Fast payouts: Once a withdrawal is processed, moving funds between a bettor's Ethereum wallet and sportsbook account is nearly instant, versus the days or weeks sometimes required by traditional operators.

Ethereum provides a convenient, low-cost, and privately accessible way for bettors globally to access online sports betting markets. With that background in mind, let's explore seven top Ethereum sportsbooks leading the way.

The 7 best Ethereum sportsbooks to watch in 2024

Let's dive into the details of each crypto bookmaker to help you choose the best Ethereum sports betting site for your needs.

1. BC.Game - Offers the widest variety of betting markets

One of the leaders in the space is undoubtedly BC.Game, which has rapidly risen to become a top crypto sportsbook since launching in 2017. As an all-in-one betting, gambling, and crypto platform, BC.Game makes it effortless to place sports bets using Ethereum and other cryptocurrencies. The site offers a huge range of sporting markets covering football, basketball, ice hockey, tennis, and many more.

BC.Game stands out for its generous welcome offer. New players can earn up to a 360% deposit bonus on their first deposit of between 0.001 ETH to 1 ETH. That's one of the highest crypto betting match bonuses around. Existing customers are also well rewarded through their loyalty program with cashback, free bets, and special tournament entries.

The platform offers fast, low-fee Ether deposits and withdrawals thanks to its own optimized blockchain. You'll have your funds ready to bet with instantly. In terms of usability, BC.Game's sleek interface makes navigating markets and lines a breeze whether on desktop or mobile. Their app is also one of the best optimized for Android and iOS.

BC.Game is a great one-stop-shop for best Ethereum sports betting. New and experienced bettors alike will find huge range of markets, lightning quick crypto transactions and generous bonuses hard to top. It's no surprise they're chosen by many as the top Ethereum sportsbook.

Pros:

Tremendous variety of games

Regular promotions for deposits and loyalty

Rapid withdrawals

 

Cons:

The interface feels a bit cluttered

Customer support can be slow at times

 

Visit BC.Game

2. Winz - Best for anonymous betting with Ethereum

Next on our list of the best Ethereum betting sites is Winz.io, which, despite being newer, still offers impressive betting and gambling options since its 2020 launch. Focused primarily on crypto, Winz.io gives cryptocurrency fans an easy way to wager on a wide sports lineup using Eth, Bitcoin, and Tether.

Winz stands out for having no wagering requirements on its welcome bonus. New players can claim up to 300 free spins on eligible slots with zero rolling over needed. This makes it a low-risk way for newcomers to test out the platform. Existing customers are retained through daily cashback, multibet bonuses, and special tournament races with cash prizes.

The site operates smoothly across all devices with its mobile-optimized design. Deposits and withdrawals happen swiftly using crypto, with options for credit/debit cards and e-wallets. Customer support is accessible through several channels, like live chat, should any issues arise.

While the selection of markets could be broader, Winz.io is still worth exploring as a beginner-friendly online crypto bookmaker. Their no-wager bonus is unmatched, and the overall experience is hassle-free, whether you use desktop or mobile.

Pros:

Highly usable interface

Unique bet scheduling feature

VIP perks for top players

 

Cons:

Game selection is not as broad as competitors

Customer service can be slow

 

Visit Winz

3. Jackbit - Renowned for fast deposits and payouts

For gamers searching more for an all-in-one crypto entertainment hub than a dedicated sportsbook, Jackbit could be the perfect choice. As much as an online casino and game provider is a sports betting destination, Jackbit brings a fun social feel when gambling with crypto.

Jackbit is currently offering a 100% matched first deposit bonus of up to 1 BTC and 100 free spins for new players. It’s worth noting that there are fairly low 35x wagering requirements attached before withdrawals can be made. Table games like blackjack and dice, as well as thousands of online slots, can contribute toward the rollover, cushioning the stipulations.

Where Jackbit stands out most is its community features. Players can chat with one another, take part in freerolls, and compete in jackpots and leaderboards across games. A points-based VIP program unlocks cash prizes and exclusives the more active your account is. Jackbit does cost a small rake on bets placed, but it's often waived for VIP members.

While markets are less expansive than dedicated crypto books, Jackbit still presents the fun of blended gambling and betting through its community focus. The constant chat and competitions inject extra excitement for casual gamers.

Pros:

Established brand, pioneering crypto book

Great live betting and streams

Huge first deposit bonus

 

Cons:

The interface feels dated compared to competitors

The mobile app experience needs improvement

 

Visit Jackbit

4. Cloudbet - Pioneer in crypto betting with great loyalty rewards

Among the more established names in crypto betting is Cloudbet. Founded in 2013, Cloudbet was one of the original pioneers in introducing Bitcoin sports betting. Over a decade later it remains a leader with a reliable, feature-packed platform favored by experienced punters worldwide.

New players can earn 100% up on their first deposit at Cloudbet up to 5 BTC. The 25x playthrough is certainly steep, but achievable by spreading out bets across multiple sports. Customer support is top-notch should questions arise regarding the rollover terms too.

Cloudbet stands out most for its immense betting menu. Alongside typical sports leagues, numerous political, novelty, and TV markets are also available to choose from. Live in-play betting is smooth, with live streams supported on selected matches, and pre-match and future odds are also deep. Multi-sports and multilingual functionality make Cloudbet a truly global destination.

Transacting with Bitcoin, Ethereum, and Tether is fast and fees are small thanks to Cloudbet's direct dealings with exchanges. While not the fanciest interface, everything just works seamlessly across all devices here. It remains one of the most trusted and feature-filled crypto sports betting operators around.

Pros:

Extensive game and market selection

Power tools for experienced bettors

Stable company behind it

 

Cons:

The learning curve for new bettors

The interface lacks visual polish

 

 Visit Cloudbet

5. JustBit - A well-rounded platform for sports and casino games

As an online crypto gambling site expanded from its original casino roots, JustBit has developed a respectable sportsbook offering too. While perhaps not on the scale of larger dedicated books, JustBit presents a smooth, community-focused betting environment ideal for newcomers.

New members can unlock a lucrative 100% matched first deposit bonus of up to 1 BTC upon registration. The 20x rollover is more reasonable than some and can be met by mixing sports betting with slots and table games. Loyalty is regularly rewarded with cashback offers attached to football events too.

A big draw for JustBit is its social identity. Users get chat forums, freerolls, and leaderboards to compete across different verticals with others. Live esports betting is also prioritized for the growing audience, complementing typical sports markets. Fast crypto funding via coins like Ethereum helps you bet without delay.

While the market selection is average, JustBit's focus on community engagement sets it apart. Combining low-pressure betting with constant social competition gives it a unique mass appeal bridging crypto and sports. Ease-of-use can't be beaten either.

Pros:

Generous bonuses and regular promos

Feature-packed sportsbook and casino

Excellent multi-lingual support

 

Cons:

More generic interface aesthetics

 

Visit JustBit

6. FortuneJack - Veteran crypto site known for huge bonuses

Operating since 2014, FortuneJack has earned its place among the most dependable Ethereum sportsbooks globally. While site design retains some nostalgia, backend functionality is impeccably optimized for seamless crypto betting.

New FortuneJack players can earn a 300% matched bonus up to 5 BTC upon sign-up. The 21x playthrough attached to withdrawals isn't lax, but still achievable by dedicating time across multiple sportsbooks. Existing customers are eligible for smaller weekly rebates too.

Where FortuneJack continues standing out more than ever is in its trustworthiness thanks to licensing from multiple regulators. This instills confidence players' funds are safe with fast crypto payouts guaranteed. A huge range of football, tennis, and many other traditional/niche markets provides variety.

User experience is polished on both desktop and mobile. Navbar shortcuts make navigating between sports effortless. While not especially flashy, underhood systems work seamlessly. Count on FortuneJack to deliver a dependable crypto betting fix without fuss.

Pros:

Top-notch poker software and selection

Generous poker bonuses

Reliable cryptocurrency support

 

Cons:

Sportsbook/casino still maturing versus competitors 

 

Visit FortuneJack

7. WSM Casino - Reliable site for crypto slots and table games

Rounding out our list is newcomer WSM Casino, still growing but rapidly gaining traction for its ease of use and welcome perks in the crypto betting space. Officially launching only in early 2023, WSM has already powered onto radars, attracting new members.

Upon registration, WSM offers a staggering 200% matched bonus up to $25,000. Conditions state a 40x rollover is attached before cashouts can be requested, going beyond many competitors- yet achievable by dedicated players. Regular chip, coin, and ticket promotions help retain custom too.

WSM takes an innovative approach with its focus on live betting. Markets spring to life across esports, sports, and entertainment shows to catch all the action live. Crypto funding is fast through coins, including Ethereum. A new "Shark" contest injects extra fun betting alongside others.

While still building up its usual sports selection, WSM distinguishes itself through exciting live action, rewards for punters, and crypto perks like low minimum deposits. It makes for a thrilling newcomer option worth following as lines expand.

Pros:

Security and licensing standards far exceed peers

Solid crypto support and payment options

 

Cons:

New sportsbook still limited versus competitors

 

Visit WSM Casino

Platform Summary Welcome bonus BC.Game All-rounder with 35+ sports & 360% match bonus Up to 360% match on 1st deposit Winz Fully anonymous bets with ETH & BTC 100% match up to 1 BTC Jackbit Best live betting with 120+ markets 100% match up to 1 BTC Cloudbet Pioneer with 5000+ markets in 30+ sports 100% match up to 5 BTC JustBit Fast emerging player rewarding loyalty 100% match up to 1 BTC FortuneJack Established name reinventing Sportsbook 300% over 5 BTC plus reloads WSM Casino Specialized Asian coverage & promotions Lucrative matched betting

The bottom line

The Ethereum sports betting sites we've covered all offer crypto punters smooth, rewarding gambling experiences. Whether a beginner or a pro, each site on our list will suit different needs through its unique perks, markets, and design. With Ethereum's growing popularity in online betting, these top platforms are sure to continue innovating and strengthening their offerings.

Key highlights:

Agrotoken and Tanssi are developing a blockchain-based agro-finance solution for Brazil and Argentina.

Agrotoken will use Tanssi's appchain technology to collateralize loans with tokenized grains.

The project is the first agrobusiness use case within the Tanssi ecosystem.

Appchain infrastructure protocol Tanssi has entered into a strategic collaboration with Agrotoken, the first global tokenization platform for agricultural commodities, to develop an agro-finance solution using Polkadot technology for the South American market. They will initially be focusing on Brazil and Argentina. This collaboration marks the first agrobusiness use case to be developed within the Tanssi ecosystem, which operates on Polkadot’s Substrate framework.

What is Polkadot?

Agrotoken will leverage Tanssi’s dedicated appchain technology to develop a blockchain-based solution for collateralizing loans with tokenized grains. Equipped with its own appchain, Agrotoken will be able to efficiently digitize commodities and manage their lifecycle. As this activity scales, Tanssi's support will provide Agrotoken with essential infrastructure tools as a service, enabling the launch of its appchain with just a few clicks, and will support block production along with key integrations such as oracles and wallets.

Revolutionizing agro-finance with blockchain

Agrotoken is a pioneering platform for tokenizing agricultural commodities. They have entered into a strategic collaboration with Tanssi, an appchain infrastructure protocol. This partnership aims to develop a blockchain-based solution to improve agro-finance in South America, starting with Brazil and Argentina.

Agrotoken plans to utilize Tanssi’s dedicated appchain technology to create a system for collateralizing loans with tokenized grains.

This approach involves complex processes such as:

tracking grain values,

loan terms,

ownership transfers,

and repayment schedules.

Tanssi's appchain provides the necessary infrastructure to manage these processes efficiently.

"We are very excited to start working with Tanssi on account of their scalable infrastructure built with Polkadot and its simplicity in implementation. This collaboration will allow us to explore natural resource tokenization with greater speed and flexibility." —Ariel Scaliter, Agrotoken's CTO and co-founder

Agrotoken has already made significant strides by tokenizing $70 million in cereals, equivalent to 230,000 tons of soybeans, corn, and wheat. Tanssi’s infrastructure will support Agrotoken’s growth while maintaining the same level of performance. Tanssi will provide essential tools for launching Agrotoken's appchain and support critical integrations such as oracles and wallets.

Tanssi's role in the ecosystem

This partnership marks the first agrobusiness use case within the Tanssi ecosystem, which operates on Polkadot's Substrate framework. The project began with Agrotoken's appchain deployment on Dancebox (Tanssi's testnet) and will proceed to its mainnet launch later this year.

Tanssi's appchain infrastructure protocol simplifies and accelerates appchain deployment. By connecting to Tanssi, chains gain access to a modular, developer-friendly, and permissionless environment equipped with all essential infrastructural components.

Key features include:

a decentralized network of block producers,

robust security,

and seamless integrations with bridges, wallets, block explorers, and more.

The bottom line

Agrotoken and Tanssi's blockchain-based solution for tokenizing grains and managing loans is set to transform agro-finance in South America, starting with Brazil and Argentina. This collaboration improves the efficiency and transparency in agricultural finance and sets the stage for future innovations within the Tanssi ecosystem.

 Key takeaways:

Bybit has initiated pre-market trading for the Hamster Kombat token, following KuCoin and Gate.io's earlier moves.

Pre-market trading on Bybit records HMSTR tokens as points, which will convert to official tokens post token generation event later this month.

Pre-market HMSTR filled order prices have ranged from $0.120 to $0.178.

Initial trades pin HMSTR’s price at over $0.12

Bybit has opened up pre-market trading for the Hamster Kombat token. With its decision, Bybit follows in the footsteps of two other major exchanges, KuCoin and Gate.io, which already offer over-the-counter (OTC) markets for the token.

Trade Hamster Kombat on Bybit

According to Bybit’s official announcement, tokens trading in the premarket are recorded as points, which will be converted to the official token following the token generation event expected to occur later this month. The announcement also specified that the Hamster Kombat team would be the one setting the points to the HMSTR token conversion rate. “Once the conversion rate is announced by the project team, your point orders will automatically convert to regular token orders with the same total value,” the announcement states.

Pre-market HMSTR orders have been filling in the 0.120 to 0.178 USDT price range. Image source: Bybit

During the time of writing this article, there has been quite a lot of HMSTR pre-market activity going on at Bybit, with filled order prices ranging from $0.120 to $0.178. While this does provide insight into potential HMSTR prices following the token’s official spot market launch, it doesn’t mean that the token will actually trade at these prices once it launches. After all, we don’t yet know anything about the initial circulating supply, airdrop distribution schemes, or other tokenomics details that will have an impact on the price. 

For additional insights, you might want to check out our algorithmic Hamster Kombat price prediction.

The 'fastest growing digital service' in the world

Hamster Kombat is a viral phenomenon that was launched as a mini-app on Telegram in March. At its core, it is a clicker (or “tapper”) game simulating running a cryptocurrency exchange. In the relatively brief period since its launch, the game amassed over 239 million users, 31 million YouTube subscribers, and 12 million Twitter followers, becoming the “fastest-growing digital service in the time period,” according to Telegram founder Pavel Durov.

It is widely believed that once the game’s official token launches, players who collect in-game currency will receive distribution of tokens that will be (at least in part) based on their in-game balances. To boost their earnings, players regularly follow Hamster Kombat daily ciphers and combos, which allow them to earn millions of coins for free.

To learn more about the game and its mechanics, consider watching the following video.

Meme coins have disrupted the 2024 crypto landscape. Despite a slowdown in Q2, the meme token market continues to thrive, with new types of assets emerging alongside traditional animal-themed coins – from PolitiFi to grocery-based tokens. Dog breeds no longer fully represent the meme cryptocurrency market, and new asset classes spring up thanks to the unconstrained developers’ creativity.

Wall Street for Memecoins

2024 started with an early bull run, barely anticipated. It was marked by the astonishing success of meme coins – for the first time in history, they became the most popular asset class. The total market cap of meme coins reached $38 billion – 2.5% of the global crypto market capitalization. 

A reason for this surge might have a precise geographic location. As the SEC approved spot Bitcoin ETFs in January, institutional investors began pouring billions of dollars into the crypto market – and the influx wasn't limited to Bitcoin. The stablecoin supply has grown by nearly 20% since the beginning of the year, and a portion of this liquidity fueled the meme coin market. This is how Wall Street might have triggered the explosive growth of Bonk, dogwifhat, and other memecoins that entered the top 100 cryptos by market cap.

Solana Memecoins Outpace Ethereum’s 

The capital influx complimented how easily anyone can create a meme coin today. Especially on Solana – with no technical or market expertise, one can launch a token using no-code solutions in just a few minutes.

Low fees, high transaction speeds, and scalability have made Solana the backbone of the 2024 meme coin market. Following the success of WIF and BONK, speculative capital from other blockchains flooded into the network. This influx led to the launch of Solana-based meme tokens in early 2024 and late 2023, while Ethereum continues to host more established meme assets. Developers pioneered a few entirely new token types within this ever-changing environment. 

From Presidents to Groceries 

As the world holds its breath watching the US presidential race, the crypto market reacts. Over the past months, enthusiasts have created dozens of tokens dedicated to candidates: the most prominent among them feature Donald Trump, with a $250 million market cap, and Jeo Boden, with a $28 million market cap. 

Another unexpected source of inspiration for memecoin creators lies in something we encounter even more frequently than US presidential candidates. Those are groceries – specifically, beverages like water, beer, coffee, and tea. Millions of people consume these every day – and since many of them are Web3 enthusiasts, product tokens boast a huge potential user base. 

In practice, this potential translates into impressive figures. The BEER token raised 30,000 SOL during its presale and amassed a community of 3 million in a few weeks. WATER gathered $41 million from 26,000 wallets. Both tokens trade on top-tier exchanges and boast a daily trading volume of over $15 million.

Tea Party

The grocery-themed tokens market is only a few weeks old. It has yet to determine its leaders, but among all the projects in the niche, one stands out even before its official token launch. That's TEA – a community-driven token that unites enthusiasts of this drink on Solana. Within just a few days of its promo campaign, the project attracted an audience of over 3.5 million on Telegram and raised 38,888 SOL in its presale. Listings on major crypto platforms were announced.

A simple concept of a token for tea fans wouldn't be enough to gather such figures. TEA offers users a combination of DeFi mechanics and real-world initiatives, promoting sustainability alongside plain profits. The DeFi features include staking (users are rewarded for holding onto the asset), token burning (with plans to reduce supply to stabilize the price), and a tap-to-win game. In the offline world, TEA plans to reward users with rare tea collections, conduct charity campaigns, and launch environmental programs in tea-growing regions.

TEA has already secured a solid list of partnerships. These include MemeFi, WormFare, Gotbit, and global thought leader Gil Petersil, who will serve as a brand ambassador. The TEA token launch is expected to happen this summer.

What’s Next for Memecoin Market? 

Meme coin developers promptly react to what’s happening in the crypto market and the broader world. The influx of liquidity and Solana's straightforward UX have fueled explosive growth in the meme token market. The US presidential race spurred the emergence of PolitiFi tokens, while everyday products inspired devs to create grocery tokens like TEA. As the anticipated post-halving bull run unfolds, we may witness the emergence of many new asset classes in just a matter of days.

Investors are constantly on the lookout for the next big opportunity. The dream of discovering a digital asset that will reach a significant milestone, such as $1,000, is ever-present. However, it’s one thing to only dream of a coin reaching $1,000, often with no viable path to that goal, and finding one that actually has the potential to do so.

In this article, we will examine four cryptocurrencies that have the potential to hit the 4-figure mark for the first time ever. To make things even more interesting, we focused on assets that have the potential to do so in the next year.

Methodology

To identify cryptocurrencies with the potential to reach $1,000, we consulted crypto predictions data curated by CoinCodex. To omit potential outliers, we limited the selection to cryptocurrencies in the top 500 digital assets by market capitalization.

The table below presents the relevant information, including current prices, circulating supply, market cap, predicted high prices, and expected dates for these predictions.

  Current Price Market Cap Pred. High Price Date Price Increase Pred. Mkt. Cap BNB $516 $76.2 bln $1,010 Oct 2024 96% $149 bln Gnosis $249 $645 mln $1,078 Sep 2025 333% $2.78 bln Bittensor $236 $1.62 bln $1,067 Aug 2024 352% $7.29 bln Monero $154 $2.84 bln $998 May 2025 548% $18.4 bln

4 coins predicted to reach $1,000 within one year

Let’s explore each cryptocurrency that our algorithms forecast will reach one thousand dollars in the future. 

BNB (BNB)

BNB is the native cryptocurrency of the Binance exchange, one of the largest and best cryptocurrency exchanges in the world. BNB is used to pay for transactions on the Binance platform, which grants users various discounts and benefits and provides BNB with clear-cut utility, which definitely can’t be said for all cryptocurrencies.

BNB’s success is tied to the growth of the Binance exchange, which continues to expand its user base and offerings despite its recent legal challenges. Additionally, Binance conducts regular coin burns to reduce supply, increasing scarcity and potentially driving up the value of BNB. The predicted high price of $1,010 by late 2024 indicates strong growth potential, making BNB one of the most likely candidates for reaching the elusive 4-figure price tag.

Gnosis (GNO)

Gnosis started out as a decentralized prediction market platform built on the Ethereum blockchain. Over time, the platform evolved past its initial vision to become an ecosystem for open-source decentralized applications (dApps) that are EVM compatible.

Gnosis stands out due to its unique focus on decentralized governance, which is headlined by the GNO token. The Gnosis ecosystem has often been characterized as sort of a canary network for Ethereum, where the latest blockchain developments and products get tested in real-life scenarios before finding their way to Ethereum. The platform’s integration with Ethereum’s extensive ecosystem and its innovative approach to decentralized finance (DeFi) gives it a unique value proposition and a potential path to $1,000 per our GNO prediction. 

Bittensor (TAO)

Bittensor is a decentralized blockchain network designed to provide decentralized machine learning capabilities. It allows participants to create, share, and monetize AI models in a decentralized manner, promoting collaboration and innovation in the rapidly growing crypto AI space.

The core strength of Bittensor lies in its application of blockchain technology to the AI and machine learning sectors. This niche focus, coupled with a decentralized framework, positions Bittensor to capitalize on the growing demand for AI solutions. The prediction of Bittensor reaching $1,067 by August 2024 highlights its potential for significant appreciation in the short term.

Monero (XMR)

Monero is a privacy-focused cryptocurrency that aims to provide secure, private, and untraceable transactions. It utilizes advanced cryptographic techniques to ensure transaction confidentiality and user anonymity.

Monero’s emphasis on privacy sets it apart from many other cryptocurrencies. As privacy concerns continue to rise globally, Monero’s robust privacy features could drive increased adoption. The projected high price of $998 by May 2025 indicates that Monero might be on the verge of substantial growth (though not reaching $1,000, to be fair), benefiting from its unique value proposition.

The bottom line

Based on their unique value propositions and algorithmic market predictions, BNB, Gnosis, Bittensor, and Monero each exhibit strong potential to reach the $1,000 mark. As always, prospective investors should conduct their own research and consider market conditions before making investment decisions. 

The predictions outlined here provide a glimpse into the possible future for these digital assets, but the dynamic nature of the crypto market means that nothing is guaranteed. ​Also, you should keep in mind that our predictions are heavily influenced by historical trends and a snapshot of current technical indicators. If you are interested in more similar content, consider giving the following articles a read:

Can Solana reach $1,000?

Can Polygon reach $1,000?

Can Cosmos reach $1,000?

On July 8, EOS Network has launched a revamped staking rewards program, allocating 250 million EOS tokens to this new program as part of their new tokenomics plan.

Key highlights

EOS Network introduces a 250 million token staking rewards program to enhance its tokenomics.

Participants can earn an initial annual percentage yield (APY) of over 60%.

New features include a 21-day lock-up period and additional rewards for Block Producers.

Stakers can earn an impressive initial APY of over 60%, with 85,600 EOS that will be distributed daily. The program also introduces a longer 21-day lock-up period and provides additional income to EOS Block Producers through network fees.

A month ago, EOS block producers approved new tokenomics and transitioned to a fixed 2.1 billion token supply, cutting FDV by 80%. They also allocated 350M tokens to boost the RAM market and introduced a 4-year halving cycle.

EOS network unveils staking rewards initiative

The EOS Network has introduced a major update to its tokenomics plan by launching a new staking rewards program, distributing 250 million EOS tokens to participants. This initiative is part of the network's strategy to improve ecosystem growth and incentivize early participation.

Under the revamped staking schedule, a daily distribution of 85,600 EOS tokens will be allocated to stakers, resulting in over 31 million tokens distributed annually. This program offers an initial annual percentage yield (APY) exceeding 60%, rewarding early adopters significantly.

Key changes in the staking program

Several notable enhancements accompany the updated EOS staking program. The lock-up period for staking has been extended from four days to 21 days, providing a more sustainable staking environment. Additionally, EOS Block Producers (BPs) will now receive network-generated fees on top of their block rewards, further encouraging infrastructure support as the network grows.

The redesigned staking program aims to offer sustainable rewards for participants and bolster the overall ecosystem.

Bottom line

EOS Network's new staking rewards program is designed to drive ecosystem growth and provide substantial incentives for early participants. With the introduction of extended lock-up periods and additional rewards for Block Producers, EOS is set to improve its network performance and the engagement of its participant.

Key highlights:

SSV Network achieves 1 million ETH staked, marking a significant milestone.

The network supports nearly 30,000 validators and over 700 node operators globally.

Plans are underway to reduce node operators' hardware requirements by 75-90% within the next year.

SSV Network, an Ethereum distributed validator protocol, marks 1M ETH stakedLaunched in December 2023, this permissionless network allows partners and solo stakers to securely distribute ETH validators, improving security and decentralization.

As a DAO-runed, open-source protocol, SSV supports the development of distributed validator technology (DVT) applications, promoting flexibility and resilience with over 700 global node operators. With prominent integrations and a commitment to reducing hardware requirements, SSV continues to set new standards in Eth staking.

SSV Network hits 1 million staked ETH milestone

SSV Network is a distributed validator network focused on Ethereum. They have announced a major milestone with 1 million ETH staked on its platform. This achievement underscores the protocol's growing influence in the staking and restaking ecosystems since its permissionless network launch in December 2023.

The DAO-owned, open-sourced protocol enables developers to build staking applications using distributed validator technology (DVT). This technology improves resilience, uptime, and decentralization by distributing validator duties to trust-minimized node operators. As of now, SSV Network boasts over $3 billion in total value locked (TVL), nearly 30,000 validators, and more than 700 node operators.

SSV Network Hits $1B Locked Value

The recent surge in staked ETH, including around $1.2 billion from partners in the restaking ecosystem, reinforces SSV Network's role as a critical infrastructure for staking and restaking operations. The network's DVT infrastructure allows ETH validator nodes to be distributed across multiple machines and locations, providing greater flexibility and resilience compared to traditional staking platforms.

Integrations with prominent platforms like Lido Finance, Ether.fi, P2P.org, and Renzo have contributed to the network's robust validator distribution. A team member from SSV Labs highlighted the network's alignment with Ethereum's open-source, permissionless ethos as a key factor in its rapid adoption.

“SSV Network is creating the new gold standard for ETH staking and taking the industry by storm because it builds on the Ethereum community's open-source, permissionless, and trustless ethos.” —a team member from SSV Labs

In addition to celebrating this milestone, SSV Network announced an updated scaling roadmap aimed at reducing hardware requirements for node operators. The current move to an 8-core CPU has increased costs, but SSV Labs is working on solutions to cut these requirements by 75-90% over the next 12 months.

The bottom line

SSV Network's achievement of 1 million staked ETH marks a significant step in enhancing Ethereum's cryptoeconomic security and decentralization. With ongoing developments to optimize node operations and continued support from major integrations, SSV Network is poised to strengthen its position in the staking and restaking ecosystem.

As interest in cryptocurrencies continues to boom, so too does the popularity of crypto gambling. More players than ever are looking to wager their Bitcoin, Ether, Dogecoin, and other digital assets at online casinos and sportsbooks. But with so many options available, how do you know which sites are truly the best?

In this article, we'll explore the top Bitcoin and crypto gambling destinations in 2024 based on factors like game selection, bonuses, security, reputation, and more. Whether you're a dice roller, card counter, slots fanatic, or sports bettor, one of these acclaimed gambling platforms is sure to please. So, let's get rolling!

7BitCasino, one of the best crypto casinos, is welcoming new users with 75 free spins with no deposit required. The bonus is available to everyone who uses the promo code "75BIT" when creating an account.

Join 7Bit Casino & Get 75 Free Spins

List of the best Bitcoin & crypto gambling sites in 2024:

7BitCasino: Large game selection and generous bonuses

Flush.com: Cutting-edge features in a modern crypto casino

BC.Game: Huge game library plus provably fair focus

BitStarz: Award-winning crypto casino with slots galore

Winz.io: Relatable and rewarding crypto slots casino

Crypto Loko: Sociable slots experience in a retro casino vibe

WSM Casino: Engaging niche casino catering to crypto and stock markets

The 7 most popular Bitcoin gambling destinations of 2024

Without further ado, here are the best Bitcoin-focused gambling sites currently dominating the market according to our research:

1. 7BitCasino - Feature-rich crypto casino with large game selection

Established way back in 2014, 7BitCasino is one of the original pioneers of cryptocurrency online gambling. With a massive collection of over 8,000 casino games from 100+ providers, 7Bit has more than proven its staying power. With fresh titles constantly being added through innovative partnerships, boredom is never a problem.

The site's generous welcome offer of 5 BTC split over your first 5 deposits is among the largest in the business. And 7Bit sweetens the deal further by regularly doling out reload bonuses, cashback promotions, loyalty rewards based on your VIP tier and gameplay, and 75 free spins.

Security is another pillar of strength. 7Bit utilizes banking-grade SSL encryption and undergoes regular independent audits to ensure fairness. Withdrawals typically arrive in as little as 10 minutes. Customer support is also top-notch, providing 24/7 aid via diverse channels, including live chat.

7Bit's web and mobile platforms cater to all types of casino enthusiasts with smooth integration across devices. From accessible low stakes to high-roller private tables, there are betting limits and luxury perks for every budget. 7BitCasino remains near the top for its sustained excellence across the board.

Pros:

Offers generous welcome package up to 5 BTC + 200 free spins

Supports 11 cryptocurrencies, including BTC, ETH, LTC, DOGE

Large selection of games from major studios like NetEnt, Pragmatic Play, Big Time Gaming

Established a reputation as a pioneer in the crypto-gambling space

 

Cons:

The website design looks dated compared to the newer competition

Customer support response times could be faster

 

Visit 7BitCasino

2. Flush.com - Modern crypto casino with a 150% matching welcome bonus

Launched in 2021, Flush Casino has quickly risen through the crypto gambling ranks with progressive jackpots, generous promos, and attention to player experience. The stylish web lobby houses over 3,500 casino games from providers like iSoftBet, Evolution, Betsoft, and more - giving players access to all the latest hits and innovations in slots, table games, and live dealer play.

New customers can kickstart their action with a 150% match bonus of up to 1 BTC plus 50 free spins. Additional perks like cashback, leaderboard competitions, and VIP benefits keep the freebies flowing. While reload bonuses come with standard wagering requirements, Flush stands out by allowing players to clear playthroughs by wagering on any game category rather than limiting them to slots-only, like many sites do.

Flawless customer service is available around the clock via diverse channels. Secure payment processing leverages top-tier blockchains like BTC, ETH, LTC, and more for seamless deposits and fast withdrawals averaging under an hour. Licensing from respected regulators in Curacao and the UK cements Flush's reputation for integrity and responsible gaming.

All this has earned Flush a loyal following in the crypto casino space. Their dedication to evolving the player experience makes them a strong contender for years to come. To learn more about the platform, read our Flush casino review.

Pros:

Offers generous 150% matching first deposit bonus up to 1 BTC

Over 3,500 game options from major studios like NetEnt, Evolution, Pragmatic Play

Modern and easy-to-navigate gaming portal for desktop and mobile

Instant crypto withdrawals

 

Cons:

Newer platform with less reputation built than older competitors

Customer support can be slow to respond at peak hours

 

Visit Flush.com

3. BC.Game - Feature-packed casino focused on cryptocurrencies

Established back in 2017, BC.Game has since emerged as an industry leader thanks to lavish promos, robust security, and competitive choice. The 9,000+ game collection features everything from provably fair blockchain slots and table games to live dealer action streamed in sharp HD quality.

Newcomers can earn up to 220,000 BCD tokens spread across their first 4 deposits with 360% bonuses. Ongoing VIP loyalty rewards are equally impressive. Wagering requirements may seem steep at first, but BC.Game makes up for it by allowing players to meet playthroughs on virtually any game type.

Powered by world-class studios like NetEnt, Evolution, and Yggdrasil, BC.Game ensures only the highest caliber casino content graces its lobby on an "always improving" cadence. Banking options span 11 blockchain currencies with instant deposits and speedy withdrawals facilitated every business day.

Regulation by respected authorities like Curacao enhances user security and confidence at BC.Game. Friendly live support brings the cherry on top - always standing by day and night via multiple channels to solve issues. BC.Game shows why they've become a favorite of crypto casino connoisseurs around the world.

Pros:

Large selection of 9,000+ games from 30+ providers like Play'n Go, Betsoft, EGT

Generous 360% matched deposit bonus up to 5 BTC

Intuitive gaming portal optimized for desktop and mobile

Withdrawals paid in crypto typically within 24 hours

 

Cons:

The website design is a bit plain and could use modernization

Customer support is slow to reply at peak hours

 

Visit BC.Game

4. BitStarz - Popular crypto casino known for massive bonuses

As one of the pioneering crypto casinos that helped kick off the movement back in 2014, BitStarz knows what it takes to keep players happy today. The instantly familiar lobby offers over 3,500 top-tier online games, including bestselling NetEnt, Play'n Go, and Betsoft slots alongside live dealer tables for a complete casino experience.

BitStarz is famous for its massive welcome package equating to 5 BTC plus 30 free spins across four match deposits - an offer still unmatched after all these years. Loyalty players earn cashback, comp points, and entry to exclusive contests for major prizes. Efficient support provides solutions day and night in various languages.

Quality assurance comes courtesy of industry leaders like eCogra, ensuring fair play across the site. BitStarz accepts over 20 cryptocurrencies for easy and private transactions completed in as little as 10 minutes. Licensing by respected Curacao regulators guarantees legal compliance.

For recreational players and high rollers alike, BitStarz has as a pillar of cryptocurrency casino gaming since 2014. Ongoing game innovations, bonus offerings, and service speak to why they stay placed amongst the very best.

Pros:

Provides the industry's most lucrative matching deposit bonuses

Over 3,500 slot and table games from top providers

Supports over 20 cryptocurrencies including BTC, ETH, LTC, TRX

Withdrawals in crypto sent within 24 hours

 

Cons:

The website design is a bit outdated and could use refreshing

Customer support is slow to respond during peak hours

 

Visit BitStarz

5. Winz - New crypto gambling site focused on community

Established in 2020, Winz.io has quickly made waves with its fresh and modern design, gigantic jackpots, and around-the-clock support. They pack over 3,000 top-rated slots, table games, and live dealer selections from leading studios like Push Gaming, Endorphina, and Betsoft into the lobby for endless entertainment.

New users can unlock up to 5 BTC cash instantly with a welcome bonus or choose site currency gifts. Loyalty comp points translate to real cashback on future bets and exclusive promos. Wagering requirements won't burn a hole in anyone's pocket, made possible by generous odds across hundreds of eligible titles.

Security incorporates banking-grade SSL encryption of private user data on the site and mobile-optimized apps. Onboarding Know-Your-Customer (KYC) verification satisfies global market policies. Rapid same-day withdrawals may be processed in minutes, pending time zone availability.

Winz ensures fair play is maintained through continuous third-party auditing by authorities like eCOGRA and Curacao Gaming Control Board. With a prime focus on innovation, Winz is positioned well to further grow its fanbase in the years ahead.

Pros:

Offers 200% match bonus up to 5 BTC on first deposit

Over 3,000 games from leading providers like Evolution, Habanero, Pragmatic Play

Unique social features like clans and tournaments for bonuses

Supports major cryptocurrencies like BTC, BNB, ETH, LTC, DOGE

 

Cons:

Customer service can be slow to respond outside EU working hours

 

Visit Winz

6. Crypto Loko - Unorthodox crypto casino with unique features

Established just two years ago, Crypto Loko already ranks among the elite options for quality Bitcoin gambling. Their fully functional web and mobile lobby grants access to over 4,000 titles spanning slots, table games, and live casinos amid sharp RTG, Pragmatic Play, and Booongo design.

New members can score up to 6 BTC plus 300 free spins for the first 4 deposits – an enormous perk getting players off to a flying start. Points accumulate through gameplay, converting to cash rewards or reloads. Round-the-clock support lets issues get handled smoothly.

Transaction privacy and security take priority as players' private data is encrypted using industry-standard measures. Payouts are executed through easily verifiable blockchain technology ensuring transparency. Curacao licensing further proves legitimacy and fairness standards are being upheld.

While still new, Crypto Loko impressively stacks up against veterans with its entertainment and player-focused perks. Their long-term success will depend on keeping quality high and community trust strong going forward.

Pros:

200% match bonus up to 6 BTC for new players

Supports privacy-focused coins like Monero for anonymous gambling

Offers strange and distinctive game themes not found elsewhere

Promotes unique tournament and survival game modes on certain titles

 

Cons:

A non-standard interface will turn off more conventional gamers

Limited overall game selection still catching up to largest competitors

Good but not top-tier customer support compared to the largest brands

 

Visit Crypto Loko

7. WSM Casino - Cryptocurrency meme casino with unique branding

Established just last year, WSM Casino aims squarely at crypto sports betting enthusiasts with its robust betting platform powered by industry goliaths Kambi and SBTech. Complementing an immersive sportsbook are over 2,000 casino games from top providers like Live Casino, 1x2 Gaming, and Belatra.

New users can score up to $25,000 across initial deposits spread with bonuses of 200% or higher. Cashback, loyalty points, and special events keep the fun fueled long-term. Around-the-clock customer support agents address issues competently via diverse online channels.

Security derives from SSL-encrypted connections, multi-factor authentication, and blockchain transaction privacy. Regulatory oversight by respected agencies like Curacao affirms integrity and responsibility are maintained. Wallet deposits and withdrawals proceed smoothly through preferred cryptocurrencies.

While still maturing, WSM Casino shows strong promise, given its all-encompassing sportsbook and advanced security technologies. Their steady player acquisition success suggests great things are yet to come as they continue improving the overall experience.

Pros:

200% Crypto Welcome Bonus up to $25,000

Accepts popular meme coins DOGE and SHIB directly without needing to convert

Fun streetwear/pop culture-inspired website aesthetic

Offers unique referral and community manager programs

 

Cons:

Game selection is still quite limited compared to longest-running competitors

Customer support is average and could be improved

Overall reputation is still being established as a new entrant

 

Visit WSM Casino

The bottom line: These are the leading Bitcoin sportsbooks and casinos to try in 2024

These best crypto gambling sites represent the cream of the crop based on longevity, trustworthiness, bonuses, security, and non-stop entertainment across sports betting and all casino verticals. Whether you favor provably fair slots, live dealer tables, or competitive sports matchups, one of these industry titans is sure to keep you fully engaged for years to come.

Don't miss these large first deposit bonuses – our article reveals the top 7 crypto casino welcome offers for 2024, including bonuses of up to $20,000.

If you want to explore casinos tailored for cryptocurrencies other than Bitcoin, we suggest you check out the following articles:

Best Monero (XMR) Casinos

Best Tether (USDT) Casinos

Best Shiba Inu (SHIB) Casinos

Best Tron (TRX) Casinos

Best Binance Coin (BNB) Casinos

Best Polygon (MATIC) Casinos

Best Dogecoin (DOGE) Casinos

Best Litecoin (LTC) Casinos

Best Cardano (ADA) Casinos

With near-instant transaction speeds and extremely low fees, Solana has quickly become a favorite platform for decentralized applications (DApps) like NFT marketplaces and exchanges. It should come as no surprise, then, that some of the best online casinos and gambling sites are starting to accept Solana as a payment method.

In this article, we'll take a look at 5 top gambling destinations that support Solana deposits and withdrawals, as identified by our extensive research. But first, a brief overview of what makes Solana so well-suited for the online casino industry.

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List of the best Solana casinos in 2024:

BC.Game - Crypto sportsbook & casino

JackBit - Variety of slots and live dealer tables

Cloudbet - Established crypto-gambling pioneer

WSM Casino - Unique theme and exclusive games

FortuneJack - Established brand with diverse options

What makes Solana suitable for online gambling?

Solana is a proof-of-stake (PoS) blockchain that uses novel consensus protocols like Proof of History and Tower BFT to achieve ultrafast transaction processing speeds of between 30,000-50,000 transactions per second (TPS). Compared to Ethereum's current throughput of around 15 TPS and Bitcoin's 7 TPS, it's clear why Solana is drawing so much attention from crypto dapps developers. Beyond blazing speeds, Solana also has minuscule fees of just a fraction of a cent per transaction.

These attributes make Solana an excellent candidate for digital casinos and sportsbooks. Players can deposit funds, place bets, and cash out winnings nearly instantly without incurring network costs that eat into profits. Casinos also benefit from Solana's scalability as they can process huge volumes of concurrent wagers without infrastructure bottlenecks.

With energy-efficient validation powered by its decentralized stake pools, Solana is also far more eco-friendly than other proof-of-work blockchains. This "green" profile resonates well with the growing number of gamblers focusing on sustainability. Solana's tech delivers a uniquely optimized experience for online betting that maximizes both user and operator satisfaction.

The 5 best casinos that accept Solana deposits

Let's start by exploring five leading casinos accepting direct SOL deposits. We've analyzed each platform holistically to identify the best overall experiences. Now, let's break down each of these top SOL gambling sites in more detail:

1. BC.Game - Sports betting and casino site

Established in 2017, BC.Game is one of the OGs of the Solana gambling sites world, having supported the blockchain's deposits and withdrawals since it launched. This Curacao-licensed casino hosts over 3,000 games from the likes of NetEnt, Microgaming, Playtech, and more. More than 7 liveness games including blackjack, roulette, baccarat, and niche titles like Mega Ball and Dream Catcher complement its slots library.

BC.Game's welcome offer gifts to new players a 360% deposit match of up to $220,000 upon registering. Loyal patrons gain rewards through its VIP program with perks like personal account managers and luxury gift packages. An intuitive mobile app is available for on-the-go gaming.

While BC.Game accepts over 150 payment methods in total, and its integration with Solana stands out. Funds transferred using this blockchain are immediately available to play with and can be cashed out within minutes due to Solana's speed. BC.Game's all-round, veteran-grade offering earns it a spot among the top Solana choices.

Pros:

All-in-one gambling venue for sports, casino, lotto

Cutting-edge wallet compatibility

Enormous welcome bonus of up to 100%

High-quality games from elite providers

 

Cons:

Could add more variety to its sportsbook

Slightly complex bonus terms

 

Visit BC.Game

 2. JackBit - Large selection of games

The crypto-friendly JackBit casino made a splash in late 2022 by pioneering a built-in Solana wallet. This lets players seamlessly store, send, and receive $SOL and SPL tokens from within their account without external software. In addition to jackpots, video poker, and classic table titles, JackBit is a go-to for strategy card games. You'll find over 30 blackjack variants alone, including Lucky Ladies, Blackjack Surrender, and European Blackjack.

Newcomers to JackBit get a tempting 220% first deposit bonus of up to 5 BTC after signup. Redeeming it asks for 35x wagering of the bonus deposit amount, which is reasonable given the quality of the games. There’s also a 100 free spins promotion for new players. VIPs ascend JackBit's tiers according to their betting volumes to reap richer perks. The site has been audited by iTech Labs to ensure provably fair play.

JackBit goes all-in on Solana with the coin, which has its own exclusive bonus and freeroll tournament. Its built-in wallet and strong security make it our top choice for gamblers who want a seamless Solana experience from cash-in to payout.

Pros:

Overflowing game selection from A-list studios

Intuitive sportsbook for every sport imaginable

Daily login perks on top of big welcome packages

Exemplary 24/7 customer assistance

 

Cons:

Interface can feel crowded at times

High wagering requirements on bonus spins

 

Visit JackBit

3. Cloudbet - Renowned brand name

A long-standing favorite of crypto casino players, Cloudbet has reliably supported Solana since day one of the project's inception.

A generous 100% first-time match bonus of up to 5 BTC plus 50 free spins at Cloudbet's slots come for players registering from a low 0.001 BTC minimum. Card lovers enjoy 4,000+ hand variations of blackjack, baccarat, video poker, and more. Cloudbet also outperforms with its dedicated esports, politics, and award betting markets apart from regular sports.

Depositing and withdrawing SOL is as seamless as with BTC or ETH, thanks to the coin's impressive transaction times and sub-cent fees. With its vast selection and widespread brand recognition, Cloudbet makes the cut as one of the leading Solana casinos for crypto gamblers seeking a trusted all-rounder gambling destination.

Pros:

Decade-long pedigree in crypto gambling

Colossal game selection from big-name studios

Generous sign-up and ongoing promotions

Bulletproof security with top-tier licensing

 

Cons:

Interface feels a tad outdated

High deposit thresholds on bigger bonuses

 

Visit Cloudbet

 4. WSM Casino - Wall Street theme & originals

The young upstart brand WSM Casino rode its namesake Wall Street Memes token's success in 2023 to emerge as a fan-favorite gambling site. In addition to over 200 slots and live dealer games, WSM Casino accepts wagers on a huge selection of traditional sports markets as well as up-and-coming esports titles.

New members score a hefty 200% match bonus on their first deposit of up to $25,000. Meanwhile, loyal customers can climb its 11 VIP tiers and complete missions to earn extra perks. Another magnet is WSM Casino's buyback program - it uses 10% of net gaming revenue every month to purchase WSM tokens, thus rewarding holders.

Depositing and withdrawing the coin sees transactions take only minutes to complete, thanks to its amazing speed. With its young, dynamic brand coupled with strong Solana integration, WSM Casino sits rightfully as a top Solana gambling destination.

Pros:

Meme-inspired promotions stylize gameplay

Supportive community atmosphere

Generous bonuses match the comedy-first spirit

 

Cons:

Sportsbook could expand offered sports

The interface feels a bit disorganized

 

Visit WSM Casino

5. FortuneJack - Wide selection of games & cryptos

Veteran crypto casino FortuneJack has been a favorite of crypto rollers since 2014 for good reason. It hosts over 3,000 top-tier slots, video poker, and table games from the likes of Betsoft, Nucleus, Edict, and more. FortuneJack's live dealer selection is also top-notch with roulette, baccarat, blackjack, and unprecedented niche titles.

New players can double their first BTC deposit up to 1 BTC plus 150 free spins using its current welcome package. FortuneJack prides itself on its VIP concierge service catering lavishly to high-volume gamblers. The site strictly adheres to trusted regulations and undergoes regular audits by iTech Labs.

Despite its early origins, FortuneJack has kept up well by adding support for newer blockchains like Solana. Depositing, betting, and withdrawing SOL are handled delicately due to the coin's impressive tech. Reliable, trusted, and also embracing emerging coins like Solana earns FortuneJack its final spot on this list.

Pros:

Decade of expertise backing quality products

Colossal game choice tailored for all types

Generous and frequent bonuses for newcomers

Continual product development keeps it cutting-edge

 

Cons:

Interface feels a bit corporate compared to others

Smaller progressive jackpots versus competitors

 

Visit FortuneJack

Comparing the top 5 Solana casinos

Now that we've covered the top individual Solana casinos in-depth, let's look at how they stack up against each other:

Casino Games library Bonuses Founded BC.Game Growing (+3000) Generous 2017 JackBit Massive (+7000) Attractive 2022 Cloudbet Large (+5000) Frequent 2013 WSM Casino Adequate (+2000) Occasional 2023 FortuneJack Diverse (+3000) Rewarding 2014

As you can see, the main differences between these best Solana casinos are the overall range of features, game selection, bonus culture, supported coins, and track record.

The bottom line: 5 recommended Solana casinos

With its enviable scalability, rock-bottom costs, and blazing speeds, it's no wonder that Solana is gaining traction rapidly in the crypto casino industry. Based on our extensive research, the five sites highlighted in this article represent some of the finest Solana-friendly gambling destinations. Offering top-shelf games, generous bonuses, and seamless SOL handling, they give players an ideal destination to try their luck using one of the most promising smart contracting platforms.

If you want to explore casinos tailored for cryptocurrencies other than Solana, we suggest you check out the following articles:

Best Monero (XMR) Casinos

Best Tether (USDT) Casinos

Best Shiba Inu (SHIB) Casinos

Best Tron (TRX) Casinos

Best Binance Coin (BNB) Casinos

Best Polygon (MATIC) Casinos

Best Dogecoin (DOGE) Casinos

Best Litecoin (LTC) Casinos

Best Cardano (ADA) Casinos

Solana relies on providing a reliable Web3 infrastructure and a network where developers can host their decentralized apps. The Cosmos platform has a similar goal, with this crypto project made to ensure interoperability between blockchain services and apps. The latter sounds promising, so the idea of converting SOL to ATOM could sound appealing.

If you need a reliable exchange to swap crypto anonymously, you can’t go wrong with Godex. You don’t have to worry about entering personal details — anonymous exchanges provide a service without requiring any sensitive info. Here’s how to make a SOL to ATOM and other trades on DEX platforms like Godex.

What Is Godex?

Godex is an online decentralized exchange (DEX) that caters to the crypto market. It supports over 300 coins, securing access to hundreds of trading pairs. The list includes big names like BTC and ETH, projects like Cosmos, and many promising currencies.

Here’s the list of major Godex benefits:

Secure. Applying the latest security layers and techniques ensures there are no problems with cyber threats.

Anonymous. You can register an account for easier asset management, but that’s only an option. Godex allows you to remain incognito and not provide your name, address, or other details to execute the swaps, making it one of the top anonymous crypto exchanges.

Fixed rates. Godex keeps the rate fixed to protect customers from any asset price changes. It ensures you can plan the profit from a transaction once you decide to go through with it.

Forget about trade limitations. A small minimum exists, but there’s no maximum amount of crypto to trade per transaction or day.

Simplicity and speed. The secret lies in simplicity — Godex has a modern and user-friendly layout appealing to beginners. Experienced investors also appreciate that the platform loads pages fast and transactions are usually completed in seconds or minutes, mostly depending on the crypto network congestion.

How to Make a Successful Swap

Crypto market trading is an art of timing because recognizing the right moment for a swap is how you maximize profit. Even if you pick a reliable exchange like Godex, Coinbase, LetsExchange, etc, it’s vital to confirm the planned trade is a smart move. 

Here are the tips to check when converting SOL to ATOM or any other crypto:

Check the latest news and try to identify market trends. Are there any important updates regarding the currencies you plan to swap? Have they affected market demand, and should you consider changing your trading plans as a result?

Assess the coin prices. Knowing the token’s value ensures you understand how much you’ll get during the trade. Most traders pick a fixed rate to avoid worrying about their final profit.

Find a secure wallet for the assets you’ll acquire. Different crypto wallets support different currencies. Make sure you have a suitable storage option for the coin you plan to get. Always pick reputable wallets known for high-security levels.

Double-check relevant charges on the exchange platform. Godex is an example of a transparent platform with a great reputation. However, not all exchanges are like that. Always check the relevant fees, including any gas charges and other expenses included.

As long as you stick to those recommendations, you should be good to go with your swapping.

Step by Step: Exchanging SOL for ATOM

If you confirmed that the SOL to ATOM swap meets the conditions from the previous sections, here are the steps on how to trade:

Visit https://godex.io. It’s Godex’s official website, although you can also use the platform’s Android app. 

Pick SOL as the trading token and ATOM as the receiving coin. Notice the “You Send” and “You Get” fields. You’ll immediately see how many coins to expect in return. Feel free to explore different trading options here.

Click “Exchange” and enter your wallet address. The next step is to confirm the rate and enter the address of the wallet where you want to receive Cosmos tokens.

Finalize the exchange. Click “Exchange” once again and send SOL tokens to the specified wallet address. 

Be patient until the network finalizes the transaction. You’ll receive an automatic approval after the completion.

Make a Profit From Trading SOL to ATOM

Godex is a great choice for crypto trading since it offers fixed rates and fast trades. The art of being a successful investor lies in choosing the right moment for the swap. Some traders use technical analysis tools, and others trust their gut, but it’s best to mix both. If you believe converting SOL to ATOM is the right move, don’t waste precious time, but go ahead with the trade to try and make a profit!

Most Bitcoin transactions take about 10 to 60 minutes to complete. However, network congestion, transaction fees, and other factors can significantly impact the speed at which a Bitcoin transaction is confirmed.

In this article, we are going to look into how long Bitcoin takes to transfer and what you need to know when sending or receiving BTC.

Key highlights:

A typical Bitcoin transaction takes about 10 to 60 minutes to complete, but network congestion and fees can significantly impact the speed of confirmation.

The median transaction time for Bitcoin in the past year was 11 minutes, while the average transaction time was much higher at 291 minutes.

Factors like network congestion and transaction fees play a significant role in determining how quickly a Bitcoin transaction gets confirmed.

Typical Bitcoin transaction times range from a few minutes to over an hour, but strategies like higher fees and Bitcoin accelerator protocols can improve speed.

How long does BTC take to send?

According to Blockchain.com, the median transaction time for Bitcoin in the past year was 11 minutes. Meanwhile, the average transaction time was 291 minutes (4 hours and 51 minutes).

The median transaction time represents the middle value in a set of transaction times – half of the transactions take longer, and half take less time. In contrast, the average (or mean) transaction time is calculated by adding all transaction times together and dividing by the number of transactions.

The reasons for the large discrepancy between the median time and the average time are outliers and variability in network conditions. For instance, a few transactions with extremely long confirmation times can skew the average higher while the median remains more representative of a typical user’s experience.

Source: Blockchain.com

Factors influencing Bitcoin transaction time

The following factors impact how much time it takes for Bitcoin to be sent.

Network congestion

The Bitcoin network, the longest-running blockchain, can get congested, especially during peak times. Think of it like rush hour traffic on a busy highway – the more cars (or transactions), the longer it takes to get to your destination. When many transactions are pending, it can take longer for yours to be processed.

Transaction fees

The fees you attach to your Bitcoin transaction play a significant role in how quickly it gets confirmed. Higher fees incentivize miners to prioritize your transaction. If you're in a hurry, offering a higher fee can speed things up, whereas low fees can leave your transaction stuck in the queue for hours or even days.

Block confirmation

Each Bitcoin transaction needs to be confirmed by the network, requiring 1 to 3 confirmations to be considered fully processed. Each confirmation occurs when a new block is added to the blockchain, which happens approximately every 10 minutes. This means a typical transaction should take about 10 to 30 minutes hour, assuming the network isn't overly congested and you’ve included a reasonable fee.

How to improve Bitcoin transaction speed

There are several ways to improve transaction times. Let’s explore them together.

Increasing transaction fees

One of the most straightforward ways to speed up your Bitcoin transaction is by increasing the transaction fee. Most wallets allow you to set this fee manually. While paying more can expedite the process, it’s essential to balance speed with cost – too high a fee might not be necessary unless you need an immediate confirmation.

The average transaction fee in the past year was around $2 to $10, with extremes surpassing $100. Image source: BitInfoCharts

Using SegWit addresses

Segregated Witness (SegWit) is a protocol upgrade that optimizes Bitcoin's block size limit, facilitating faster transactions. By using SegWit addresses, you can reduce the transaction size, making it quicker and often cheaper to get confirmed. Simply put, SegWit allows the Bitcoin network to expand by employing a process that removes signature data from transactions and increases the block size limit. The removal of certain aspects of transaction data creates “extra” space and allows more transactions to be added to the chain.

Opting for Lightning Network

The Lightning Network is a second-layer solution that sits atop the Bitcoin blockchain, enabling faster and cheaper transactions. It's designed for microtransactions, making it ideal for small, frequent payments often facilitated by apps such as Cash App. With Lightning, transactions are almost instantaneous and can significantly reduce the load on the main Bitcoin network.

The bottom line

Understanding how long Bitcoin takes to send depends on various factors, including network congestion, transaction fees, and the method used for sending. While typical transaction times can range from a few minutes to over an hour, employing strategies like increasing fees, using SegWit addresses, or opting for the Lightning Network can improve your transaction speed.

FAQs

What can I do if my Bitcoin transaction is taking too long?

If your Bitcoin transaction is taking too long, you can try using BTC transaction accelerators, which involves paying an additional fee to speed up confirmation. 

Are there other cryptos with faster and/or cheaper transaction times than BTC?

Yes, several cryptocurrencies offer faster transaction times than Bitcoin. For example, Solana and BNB typically have quicker confirmation times due to their different blockchain technologies and consensus mechanisms. In addition, Bitcoin is one of the most expensive cryptos, so you can consider using one of the cheapest cryptos to transfer if you’re looking to save on transaction costs.

Scalp trading is a dynamic trading strategy that puts the emphasis on swift, short-duration trades, targeting small price fluctuations. We have already concluded that scalp trading and the cryptocurrency markets are almost a match made in heaven, due to the 24/7 nature and high volatility of the crypto markets. However, because cryptocurrencies vary so much, potential scalp traders often wonder which cryptos are best for scalp trading.

This article aims to answer this question by examining the top choices for traders interested in crypto scalp trading. We will evaluate factors such as liquidity, volatility, trading volume, and overall market demand to identify the most promising options.

Key highlights:

Scalp trading emphasizes swift execution and short-duration trades to capitalize effectively on cryptocurrency market volatility.

Optimal cryptocurrency selection involves prioritizing high liquidity and volatile coins, ensuring quick transactions with minimal impact on prices and ample opportunities for scalp trades.

Scalpers should conduct thorough research, continuously monitor the market, and implement strategic risk mitigation strategies to enhance scalp trading outcomes.

How to select the best coins for scalping?

The best cryptocurrencies for scalping are those that combine high liquidity with significant volatility. This ensures ample trading opportunities and allows for quick entry and exit from trades without significantly impacting the market price. Generally, the top 20 coins (excluding stablecoins) have high liquidity and sufficient volatility, making them ideal for scalping. The same applies to high market cap coins and major altcoins.

Read more: What Is Scalping in Crypto: Pros, Cons, and Strategies

Avoid illiquid small-cap coins with large spreads. Beginner scalpers should focus on the top 20 coins by market capitalization. Additionally, when selecting the perfect cryptocurrency for scalping, consider transaction costs, technical indicators, and the impact and availability of news events. It is also crucial to choose cryptocurrency exchanges with low trading fees, as high fees can significantly reduce your scalping profits.

The 6 top cryptos to scalp: Examining the best cryptocurrencies for scalp trading

In this article, we will focus on high market cap coins with highly liquid and sufficiently volatile markets, including Bitcoin, Ethereum, BNB, Ripple, MATIC, and Dogecoin. Please note that manual scalp trading can be very difficult, which is why using crypto trading bots is becoming increasingly popular among scalp traders.

1. Bitcoin (BTC):

Market capitalization: $1.20 trillion (#1)

Average daily volume in June 2024: $94.5 billion

30-day volatility: 5.00%

Bitcoin, the first cryptocurrency, is among the most popular choices for scalp traders due to its high liquidity, substantial trading volumes, and established market presence. Its price can be highly volatile, offering numerous opportunities for traders to capitalize on short-term fluctuations. Moreover, Bitcoin's widespread availability across most exchanges ensures easy access and is thereby suitable for most scalp trading strategies. These characteristics make Bitcoin one of the best cryptos for day trading as well.

2. Ethereum (ETH)

Market capitalization: $398 billion (#2)

Average daily volume in June 2024: $18.1 billion

30-day volatility: 3.65%

Ethereum, the second-largest cryptocurrency by market capitalization, is a top choice for scalp traders. Its advanced smart contract capabilities provide diverse trading opportunities. With a vast ecosystem of decentralized applications (DApps) and tokens on its blockchain, Ethereum benefits from high trading volumes and liquidity. The significant volatility in its price movements makes it particularly well-suited for scalp trading strategies. However, traders should closely monitor news and developments related to Ethereum projects, as these can rapidly influence the market in either direction.

3. BNB (BNB)

Market capitalization: $82.4 billion (#4)

Average daily volume in June 2024: $1.76 billion

30-day volatility: 6.88%

As the native cryptocurrency of Binance, a premier crypto exchange, BNB has become a favorite among scalp traders. Despite Binance's recent legal challenges with the SEC and a significant fine, BNB remains a reliable large-cap crypto with notable volatility. BNB offers several benefits to its holders, including lower trading fees, which are crucial for effective scalp trading strategies. With the ongoing growth and adoption of Binance and its ecosystem, BNB has experienced significant increases in trading volume and liquidity, providing ample opportunities for scalping.

4. XRP (XRP)

Market capitalization: $26.0 billion (#8)

Average daily volume in June 2024: $1.38 billion

30-day volatility: 3.15%

XRP, renowned for its fast, low-cost cross-border payment solutions and ISO 20022 compatibility, has become a leading cryptocurrency for scalp trading. With a large market cap and widespread support on major exchanges, XRP offers numerous trading opportunities. Its price movements are often driven by partnerships and collaborations, allowing scalp traders to take advantage of short-term fluctuations. However, as the market matures, XRP's volatility is gradually decreasing.

5. Dogecoin (DOGE)

Market capitalization: $17.2 billion (#9)

Average daily volume in June 2024: $54.85 billion

30-day volatility: 9.93%

Despite starting as a meme coin, Dogecoin has evolved into a prominent and fully functioning blockchain and cryptocurrency. Its high volatility and active trading community result in frequent price fluctuations, providing ample opportunities for scalping. The dog meme-inspired cryptocurrency has seen numerous ups and downs, often influenced by Elon Musk's interest in DOGE. While technical analysis is essential for profitable scalp trading, it is therefore also crucial to monitor Musk's posts on X.

6. Polygon (MATIC)

Market capitalization: $4.3 billion (#23)

Average daily volume in June 2024: $1.28 billion

30-day volatility: 9.32%

Polygon stands out as one of Ethereum's most successful layer-2 scaling solutions. Utilizing proof-of-stake (PoS) and plasma frameworks, Polygon facilitates faster and more cost-effective transactions than the Ethereum mainnet. Its interoperability with Ethereum and other blockchains, coupled with a robust ecosystem, cements its position as a key player in blockchain adoption. MATIC's high volatility and lower transaction costs make it particularly well-suited for scalp trading in the cryptocurrency market.

The Bottom Line

Choosing the best cryptocurrencies for scalp trading depends on your scalp trading strategy. While this article highlights some top choices, it's crucial to conduct thorough research, monitor market trends, and stay updated with the latest news and developments.

Scalp trading involves significant risks, so implementing proper risk management strategies and trading responsibly is essential. Technical tools like trend lines and candlestick patterns can help identify and analyze price movements effectively.

Whether focusing on the top 20 cryptocurrencies or cryptos with a lower market capitalization, developing a robust trading plan and using technical and fundamental analysis will maximize scalp trading profits. For those comfortable with higher risk, exploring low market cap cryptocurrencies with bullish potential can enhance daily returns.

Key takeaways:

ChromaWay joins AWS Partner Network to list Chromia’s solutions on AWS Marketplace.

The partnership simplifies the setup for developers and explores cloud-based nodes and consortium chains.

Strategic relationships with other AWS partners, especially in gaming, will be pursued.

ChromaWay expands Chromia’s reach by joining AWS Partner Network

Blockchain technology firm ChromaWay has officially joined the Amazon Web Services (AWS) Partner Network. This strategic move enables ChromaWay to offer its solutions on the AWS Marketplace, including those hosted on Chromia’s public platform.

AWS, a global leader in cloud computing, supports over 70 leading blockchain protocols and public networks. The collaboration will allow ChromaWay to leverage AWS infrastructure to optimize the development experience for blockchain applications.

One of the primary benefits of this partnership is the simplification of the setup process for developers. ChromaWay will introduce 'one-click' cloud-based environments, streamlining the development in Rell, Chromia's dedicated programming language. This approach is aimed at making it easier for developers to build and deploy decentralized applications (dApps).

The integration also includes exploring the deployment of consortium chains tailored to specific organizational needs and implementing cloud-based nodes. These efforts are expected to improve the interoperability and visibility of relational blockchain technology.

Another key aspect of the partnership is the facilitation of strategic relationships with other members of the AWS Partner Network. This is particularly relevant for verticals such as gaming, where cloud computing, storage solutions, AI and ML integration, analytics, and security are essential. By connecting with other AWS partners, ChromaWay aims to explore synergies that can positively impact the relational blockchain and AWS services.

The bottom line

ChromaWay’s inclusion in the AWS Partner Network represents a significant step in expanding Chromia's reach and capabilities. By leveraging AWS infrastructure and fostering strategic relationships, ChromaWay is poised to streamline the development process for blockchain applications and increase the visibility of its relational blockchain technology across various industries, including gaming.

The platform’s native token, Chromia (CHR), saw a 0.3% dip in the last 24 hours. That’s considerably less than the rest of the market, with cryptocurrencies like ETH, BNB, XRP, and DOGE recording double-digit percentage drops in the same time period.

INTMAX, a key sponsor of ETHGlobal Brussels 2024 and an Ethereum Layer 2 zkRollup, has announced a $5,000 prize for the best ideas on rewarding privacy contributions. This initiative aims to enhance user participation and overall privacy on its network.

Key highlights:

INTMAX announces a $5,000 prize for the best privacy reward mechanism ideas.

The contest is open to developers and privacy advocates.

Innovative solutions can involve mining or airdrops.

Rewarding contributions to privacy

The contest invites blockchain developers and privacy proponents to propose or develop methods that reward users for contributing to network privacy. Both conceptual ideas and implemented solutions are welcome, although practical implementations may have an edge in the evaluation process.

INTMAX's stateless architecture is designed for mass Web3 adoption, and its privacy protocols benefit from increased user participation. Unlike typical DeFi protocols where user competition for rewards is common, privacy protocols improve with more participants, offering greater privacy to everyone involved.

INTMAX's contest aims to address the straightforward yet challenging problem of rewarding privacy without duplication. By encouraging innovative solutions, INTMAX hopes to strengthen its privacy mechanisms and attract more users to its network.

To be eligible for the $5,000 prize, you need to meet the following requirements:

Implement or propose a method to reward users who prioritize privacy, such as through mining or airdrops. Submitting an idea is acceptable, but practical implementation will be taken more seriously.

Address the specific problems outlined in the provided documentation.

Ensure you explicitly apply for the prize during the submission process to be considered for the prize.

The bottom line

INTMAX is pushing the boundaries of blockchain privacy by incentivizing innovative ideas with a $5,000 prize. This contest aims to improve the network's privacy features by engaging the community.

DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.

Key highlights:

DWF Labs has launched a $20 million Cloudbreak Fund for Web3 projects in Chinese-speaking regions.

The fund focuses on GameFi, SocialFi, Memecoins, Derivatives, and Layer 1/Layer 2 infrastructure.

DWF Labs aims to provide financial backing and strategic resources to accelerate project growth.

 They have announced the launch of the $20 million USD Cloudbreak Fund to empower promising Chinese-speaking region projects and founders with investments and strategic resources.

DWF Labs remains a strong supporter of the Web3 industry through times of market fluctuations. To show our commitment, we’re launching our $20 million USD Cloudbreak Fund to empower promising Chinese-speaking region projects and founders with substantial investments and strategic… pic.twitter.com/Uhdzytl9aN

— DWF Labs (@DWFLabs) July 4, 2024

Introduction of the Cloudbreak Fund 

DWF Labs has announced the creation of a $20 million Cloudbreak Fund that is aimed at empowering promising Web3 projects in Chinese-speaking regions. This initiative is set to provide significant investments and strategic resources to foster growth and innovation.

The Cloudbreak Fund will support projects across various sectors, including GameFi, SocialFi, Memecoins, Derivatives, and Layer 1/Layer 2 infrastructure. These areas have shown tremendous potential and are poised for substantial growth with the right support.

Projects operating in these categories are encouraged to apply for the Cloudbreak Fund to accelerate their development and grow bigger in the Web3 ecosystem.

About DWF Labs

"We have been collaborating with founders in Chinese-speaking regions since 2018. Their culture and work ethic are commendable. Projects in these regions have seen significant growth recently and need dedicated support to reach their full potential. The Cloudbreak Fund is designed to unlock this potential."—Andrei Grachev, Managing Partner at DWF Labs

DWF Labs, with its experience as a Web3 investor and market maker, offers financial backing and access to a network of over 700 projects. The firm is recognized as Bybit’s Best Liquidity Provider of 2024. They also provide a range of services including wallet integrations, hackathons, funding initiatives, and grant programs. They support blockchains such as TON, Algorand, Gala Chain, and Klatyn, along with strategic brand and marketing distribution and a strong Key Opinion Leader (KOL) network.

Earlier this year, DWF Labs also renewed its commitment to the MENA region by partnering with DMCC. They are offering a new $5 million growth platform for Web3 and blockchain businesses in Dubai.

Dubai's DMCC Crypto Center and Enya Labs Join Forces to Drive Web3 Growth

The Cloudbreak Fund highlights DWF Labs’s dedication to fostering innovation and growth in the Web3 space. By focusing on projects in Chinese-speaking regions, the fund aims to help local projects reach a global audience and explore new Web3 use cases.

The bottom line

The $20 million Cloudbreak Fund by DWF Labs represents an opportunity for Web3 projects in Chinese-speaking regions to receive the support and resources needed to achieve their full potential. With its strategic investments and support system, DWF Labs is well-positioned to drive growth and innovation in the Web3 ecosystem.

Cryptocurrency mining in 2024 is not as profitable as it once was. The profit margins have become tighter, and if you don’t have access to cheap electricity, you can’t really warrant an investment in expensive mining equipment.

In addition, cryptocurrency prices are quite high at the time of this writing, which means that if we see a small dip in market valuations, even the most powerful ASIC miners could struggle to turn a profit. That said, there are quite a few cryptos relying on the Proof-of-Work (PoW) consensus algorithm that are profitable for miners who have access to the right equipment and low electricity costs.

In this article, we are going to examine the best cryptos to mine in 2024 and look into how their respective profit potential.

Methodology

Before we get started, let’s first establish what parameters we used for our report. The cost of electricity used for this report was set to $0.10 per kilowatt-hour (kWh), and price data for cryptocurrencies was collected on July 3, 2024. The revenue margins were collected from WhatToMine, a leading website tracking the profitability and costs associated with crypto mining rigs. Finally, mining machines used for comparison were picked based on their profitability, meaning that we prioritized the most profitable miners for each different mining algorithm, kHeavyHash to Ethash.

  Algorithm Daily Mining Profit Miner Used Cost of Miner Days to Profitability* Kaspa (KAS) kHeavyHash $76.99 Bitmain Antminer KS5 Pro $10,500 136 Dogecoin (DOGE) Scrypt $17.72 Bitmain Antminer L9 $6,629 374 Bitcoin (BTC) SHA-256 $2.89 Bitmain Antminer S21 Hydro $5,599 1937 Peercoin (PPC) SHA-256 $2.68 Bitmain Antminer S21 Hydro $5,599 2089 eCash (XEC) SHA-256 $2.52 Bitmain Antminer S21 Hydro $5,599 2222 Monero (XMR) RandomX $2.49 Bitmain Antminer X5 $2,860 1149 Horizen (ZEN) Equihash $2.03 Bitmain Antminer Z15 Pro $2,000 985 Zcash (ZEC) Equihash $1.69 Bitmain Antminer Z15 Pro $2,000 1183 Ethereum PoW (ETHW) Ethash $1.50 Bitmain Antminer E9 Pro $2,500 1667 Ethereum Classic (ETC) Ethash $1.19 Bitmain Antminer E9 Pro $2,500 2101

*How long it would take for a crypto miner (prices collected from bt-miner.com) to offset its cost, assuming daily mining profit figures collected on July 3, 2024. Source: whattomine.com 

Apart from attempting to build an ASIC miner yourself, the miners used to compare the profitability of different cryptocurrencies in this report should produce the highest profit rate available in the market. Interestingly, most miners would need years to become profitable, making them a rather poor financial investment for most individual miners. 

However, it’s worth noting that if you already own a powerful mining machine, then you can ignore the days to profitability rate and solely look into profitability itself. This can significantly change the equation, and make mining a very viable passive income strategy.

The best crypto to mine: Examining the 10 most profitable options

In the following sections, we will more closely examine each of the most profitable coins to mine.

1. Kaspa (KAS)

Kaspa is an emerging cryptocurrency known for its fast block times and scalability. The kHeavyHash algorithm it employs is optimized for both performance and energy efficiency, making it a favorite among miners. Using the Bitmain Antminer KS5 Pro, miners can generate a daily profit of $76.99. Despite the high initial cost of $10,500, the miner becomes profitable in just 136 days, making Kaspa one of the top choices for profitability in 2024. 

Algorithm: kHeavyHash

Daily Mining Profit: $76.99

Miner Used: Bitmain Antminer KS5 Pro

Cost of Miner: $10,500

Days to Profitability: 136

2. Dogecoin (DOGE)

Originally created as a joke, Dogecoin has become a serious contender in the cryptocurrency market over the past decade. It uses the Scrypt algorithm, which allows for combined mining with Litecoin. With the Bitmain Antminer L9 (a successor to the popular Antimer L7), miners can earn $17.72 daily. Although the miner costs $6,629, it takes about 374 days to break even. Dogecoin's wide acceptance and robust community support add to its appeal for miners.

Algorithm: Scrypt

Daily Mining Profit: $17.72

Miner Used: Bitmain Antminer L9

Cost of Miner: $6,629

Days to Profitability: 374

3. Bitcoin (BTC)

Bitcoin, the largest and oldest cryptocurrency, remains a staple for miners despite its lower daily profits compared to newer coins. It relies on the SHA-256 algorithm, renowned for its security. Using the Bitmain Antminer S21 Hydro, miners can achieve a daily profit of $2.89. Given the miner's cost of $5,599, it will take around 1937 days to become profitable, which is certainly not a short period of time. Bitcoin's established network and value retention make it a reliable, though long-term, mining investment.

Algorithm: SHA-256

Daily Mining Profit: $2.89

Miner Used: Bitmain Antminer S21 Hydro

Cost of Miner: $5,599

Days to Profitability: 1937

4. Peercoin (PPC)

Peercoin offers a unique blend of proof-of-stake and proof-of-work systems, aiming for energy efficiency and security. It uses the SHA-256 algorithm, the same as Bitcoin. The Antminer S21 Hydro is the most efficient ASIC machine to mine Peercoin, providing a daily profit of $2.68. With a miner cost of $5,599, profitability is reached in about 2089 days. Peercoin’s dual system may attract miners looking for a sustainable and secure option.

Algorithm: SHA-256

Daily Mining Profit: $2.68

Miner Used: Bitmain Antminer S21 Hydro

Cost of Miner: $5,599

Days to Profitability: 2089

5. eCash (XEC)

eCash focuses on being an efficient digital payment solution, leveraging the SHA-256 algorithm. Miners using the Bitmain Antminer S21 Hydro can expect to earn $2.52 daily. The miner, costing $5,599, reaches profitability in over 2200 days. eCash’s emphasis on transactional efficiency and low fees makes it an intriguing option for those willing to wait for long-term gains.

Algorithm: SHA-256

Daily Mining Profit: $2.52

Miner Used: Bitmain Antminer S21 Hydro

Cost of Miner: $5,599

Days to Profitability: 2222

6. Monero (XMR)

Monero stands out for its strong privacy features, offering completely anonymous transactions. It uses the RandomX algorithm, designed to be ASIC-resistant, thus favoring CPU miners. The Antminer X5, a miner specially designed for RandomX, yields a daily profit of $2.49. With a cost of $2,860, miners can expect to achieve profitability in about 1149 days. Monero’s privacy-centric approach attracts users and miners, who prioritize confidentiality.

Algorithm: RandomX

Daily Mining Profit: $2.49

Miner Used: Bitmain Antminer X5

Cost of Miner: $2,860

Days to Profitability: 1149

7. Horizen (ZEN)

Horizen provides a robust platform for decentralized applications and enhanced privacy. It employs the Equihash algorithm, which is efficient for GPU mining as well as ASICs. Using the Antminer Z15 Pro, miners can earn $2.03 daily. The miner costs $2,000 and becomes profitable in approximately 985 days. Horizen’s focus on privacy and scalability makes it a versatile option for miners interested in supporting a broad ecosystem of applications.

Algorithm: Equihash

Daily Mining Profit: $2.03

Miner Used: Bitmain Antminer Z15 Pro

Cost of Miner: $2,000

Days to Profitability: 985

8. Zcash (ZEC)

Zcash offers advanced privacy features using zero-knowledge proofs, allowing transactions to be verified without revealing information about the sender, receiver, or transaction amount. It also uses the Equihash algorithm. With the Bitmain Antminer Z15 Pro, miners can achieve a daily profit of $1.69. The miner, priced at $2,000, takes about 1183 days to break even. Zcash’s strong privacy guarantees and active development, helmed by Electric Coin Company and the community, make it a compelling choice.

Algorithm: Equihash

Daily Mining Profit: $1.69

Miner Used: Bitmain Antminer Z15 Pro

Cost of Miner: $2,000

Days to Profitability: 1183

9. Ethereum PoW (ETHW)

Ethereum PoW continues the original Ethereum proof-of-work mechanism after the network transitioned to proof-of-stake during The Merge in 2022. It uses the Ethash algorithm, which is memory-intensive. Miners using the Bitmain Antminer E9 Pro can earn $1.50 daily. The miner’s cost is $2,500, with a profitability period of around 1667 days at current rates. ETHW retains Ethereum’s decentralized application ecosystem powered by the PoW algorithm, providing ongoing value to miners.

Algorithm: Ethash

Daily Mining Profit: $1.50

Miner Used: Bitmain Antminer E9 Pro

Cost of Miner: $2,500

Days to Profitability: 1667

10. Ethereum Classic (ETC)

Ethereum Classic maintains the original Ethereum blockchain with a focus on immutability and decentralization. It also uses the Ethash algorithm. The Bitmain Antminer E9 Pro can mine ETC with a daily profit of $1.19. The miner costs $2,500, and profitability is achieved in roughly 2101 days. Ethereum Classic’s adherence to the original Ethereum vision appeals to purists and those interested in maintaining decentralized governance.

Algorithm: Ethash

Daily Mining Profit: $1.19

Miner Used: Bitmain Antminer E9 Pro

Cost of Miner: $2,500

Days to Profitability: 2101

The bottom line

The cryptocurrencies included in our list are the most profitable choices for miners as of July 2024. But, as you can see, most don’t offer very high returns and require a high initial investment. Also, you should keep in mind that electricity costs are the most important thing to consider when deciding whether purchasing an ASIC miner is worthwhile. The figures in this article assumed an electricity cost of $0.10/kWh. However, if you don’t have access to cheap electricity, the whole equation changes completely. For example, if we assume an electricity cost of $0.30 per kWh, which is not that uncommon, then virtually all miners (apart from those designed for kHeavyHash) simply become unprofitable.

It seems that cryptocurrency mining is increasingly becoming an endeavor reserved for large companies that can afford to buy thousands of top-of-the-line ASIC machines and make the economy of scale work on their behalf. This has been reflected in the valuation of publicly traded mining companies, with virtually all of them recording significant uptrends in the recent past.

As things stand, staking crypto is easier, more accessible, and provides a similar return on investment without the hassle of managing high-powered computational equipment. Check our list of the best cryptos to stake to learn more.

Chromia is a Layer-1 blockchain platform combining relational databases and blockchain technology to provide dedicated dApp chains, customizable fee structures, and improved digital assets. This framework allows for real-time data querying and indexing, improving the end-user experience and enabling innovative Web3 business models.

Key highlights:

Chromia's MVP Mainnet is set to launch on July 16th, 2024.

It introduces innovative relational blockchain technology and many other features.

This launch establishes the foundational framework for all future developments within the Chromia ecosystem

They have announced the launch of their Mainnet on July 16th, 2024. 

JUST IN: Chromia MVP Mainnet Launch Confirmed for July 16th, 2024. Get ready to launch 🚀 🔗 https://t.co/70VMn6A4M4 pic.twitter.com/WUKr8VIDRz

— Chromia | Power to the Public (@Chromia) July 2, 2024

Impact on Chromia ecosystem

The MVP Mainnet forms the cornerstone of Chromia. It'll serve as the essential framework for all future development. Although the ecosystem's growth will be gradual, the 'MVP' label indicates that this release includes the necessary features for the network to begin expanding.

At the same time, the MVP Mainnet marks the genesis block of the new native CHR token. The launch will enable the current ERC-20 and BEP-20 CHR tokens to be bridged to the MVP Mainnet.

How To Buy Chromia CHR On Kucoin

The MVP Mainnet will also include staking and delegation process, payment of network hosting fees, and provider payouts. The updated staking and delegation system will be available by the end of Q3, 2024. Until then, current stakers will continue to earn rewards under the existing system 

Quotes from the team

The founders of Chromia, Alex, Or and Henrik, had major roles since the early days of the industry Back in the day, they co-founded one of the very first Bitcoin wallets and wrote the colored coins whitepaper, alongside Vitalik Buterin.

“Our journey began twelve years ago with Colored Coins, the world’s first token protocol. Following this, we launched a bank-backed stablecoin and recognized the potential of integrating relational databases with blockchain, inspiring the creation of Chromia. After years of development, we are thrilled to see the concept of relational blockchain become a reality.”—Henrik Hjelte, Chromia co-founder

Chromia combines blockchain architecture with ideas from cloud computing and database theory to provide a full spectrum of tools needed to deliver an amazing end user experience. This launch sets the stage for the future growth and development of our network, and I’m excited to see what developers can create with our tech.”—Alex Mizrahi, Chromia co-founder

How Chromia is different

Chromia differentiates itself from other blockchains by implementing the so-called relational blockchain that changes the way data is structured on-chain. It allows for easier searches and on-chain calculations without the need for third-party solutions like indexing services, data availability layers, and RPC servers. On top of that, it allows developers to lease resource containers and create their own revenue streams, while users can interact with dapps even if they don't own any cryptocurrency. The next step of Chromia's evolution involves a gradual increase in network activity which will help expand the Total Value Locked (TVL).

The bottom line

Chromia's MVP Mainnet launch represents a significant advancement for the platform. It introduces innovative relational blockchain technology and sets the stage for future development that will help Chromia streamline user experiences and foster the growth of the Web3 ecosystem.