Fastest Cryptocurrencies for Casinos Deposits and Withdrawals

The Casinoplusbonus team has plenty of experience depositing and withdrawing to and from cryptocurrency casinos. In this guide, we have compiled our shared experiences transacting with cryptos to give you an idea of how long you need to wait for your crypto transactions to arrive.

The Fastest to the Slowest Crypto Transaction Times

Bitcoin might be one of the most used cryptos to fund cryptocurrency gambling, but it is not the fastest option. From our experiences from covering 100s of crypto casino reviews and depositing using multiplier cryptocurrencies, XRP and FTN offer the fastest transaction times.

In the sections below, we list how long it takes to deposit or withdraw using some of the most commonly known cryptocurrencies on the global iGaming scene.

1. XRP – Ripple (4 to 5 Seconds)

Surprisingly, XRP is not the most popular crypto used to find online gambling when you consider it has the fastest transaction time for deposits and withdrawals.

• Deposits: When you deposit using XRP, you can expect your funds to arrive in your casino bankroll almost instantly.

• Withdrawals: The only point that your XRP cash-out request might get held up is if your crypto casino has a pending time.

2. FTN – Fast Token (1 to 2 Seconds)

The only reason FastToken is not at the top of our list is because, oddly enough, we have not seen many crypto casinos online adopt this cryptocurrency. Its fast transaction times are as attractive as XRP.

However, although FTN is well-known by software providers and aggregators in the industry, it is generally not a well-known crypto for players. As players are not overly aware of this crypto, this is why we think it is not as widely available as the other cryptocurrencies mentioned in this guide?

• Deposits: When you deposit using XRP, you can expect your funds to arrive in your casino bankroll almost instantly.

• Withdrawals: The only point that your XRP cash-out request might get held up is if your crypto casino has a pending time.

3. ETH – Ethereum (12 to 15 seconds)

Ethereum has the second-highest market cap compared to all other cryptos. It is also a popular crypto used to fund online casino gameplay, especially as it comes with fast deposit times.

• Deposits: One of the plus sides to using Ethereum is when you make a deposit, you don’t have to wait too long for your funds to arrive. There is a catch, though. Gas fees can be pretty high when the network is busy or congested. In this case, to avoid high fees, you may need to select a slower transaction time.

• Withdrawals: If you play at an online casino with instant withdrawal approval, ETH is a good choice. If there is a pending time, then the fast transaction speed is negated by the fact you need to wait for the casino’s AML team to approve the transaction.

4. USDT-ERC20 – Tether on Ethereum (12 to 15 seconds)

USDT-ERC20 Tether is first popular because it is pegged to the US Dollar, so there are, in theory, fewer currency fluctuations than most cryptos. Hence, Tether coins are known as stablecoins.

• Deposits: Offers fast deposits, and you can play games in USD, making life easier versus the traditional BTC and other crypto minimum and maximum bets. However, like Ethereum, Gas fees can be high if the network is congested.

• Withdrawals: Slowed down by casinos with a pending time, but if a casino offers instant withdrawals, then you can expect your funds to arrive in your wallet within 12 to 15 seconds. Also, some casinos may not give you the choice of network fees and thus, you can end up paying high gas fees.

 5. DOGE – Dogecoin (1 Minute)

DOGE is one of the few Meme coins that has become a popularly accepted form of crypto payment in cryptocurrency online casinos. Its value is subject to large swings in price value, but still, there are DOGE enthusiasts who are not fazed by these valuation changes and continue to use it for online slots and other casino games.

• Deposits: Deposits are quick enough if you are OK waiting one minute for your funds to arrive. Also, the fees for using DOGE are so low that you will barely notice them.

• Withdrawals: A fast withdrawal option in crypto casinos. However, pending times tend to negate the coin’s speedy transaction times. Yet, we like DOGE because its fees are so low. Therefore, unlike other cryptos like ETH and ERC-20, cashing out your winnings does not result in surrendering a large percentage to network fees.

6. TRX – TRON – 1-2 minutes

TRON is another cryptocurrency that provides relatively fast transaction times. It is a network that also offers low fees that are often below $0.10. With its low waiting time and low fees, it’s undoubtedly a great option. However, it is also a crypto that tends to fluctuate in value from one day to the next.

• Deposits: From our experience, deposits are always reliable and quick using TRON. We rarely have to wait the full 2 minutes for transactions to go through.

• Withdrawals: With its low network fees that would cost you one spin at the minimum bet on a 10-pay line slot, cashing out using TRX is cheap!

7. TRX – TRON TRC20 Tether – (1-2 minutes)

If you ask us to recommend a stablecoin pegged to the US Dollar with fast transaction times and low fees, we would recommend Tether TRC20. Fees are generally fixed at $1.00 per transaction.

• Deposits: Funds arrive quickly into your crypto casino balance with only a 1 to 2-minute wait. Perfect for those of you who want to deposit and play quickly.

• Withdrawals: With the $1.00 fee, which is generally the standard, it is best to withdraw amounts higher than $20.00. As for withdrawal times, like all the other cryptos mentioned, the time it takes for your crypto to arrive from your casino bankroll to your wallet depends on your casino’s pending time.

8. LTC – Litecoin – (2.5 – 3 minutes)

Litecoin has a reasonably large number of players using its coin for cryptocurrency casino gaming, including myself. Its key features are pretty fast transaction times, and the highlight is its low fees.

• Deposits: Deposits arrive within the 2 and a half to three-minute timeframe. Transaction times are rarely faster than this, while 3 minutes is the longest I’ve had to wait.

• Withdrawals: LTC is slightly slower than TRX, ETH, and other cryptos with similar transaction times. Yet, it excels due to its super low network fees. My last withdrawal using LTC cost me around $0.0070, so barely noticeable.

9. BCH – Bitcoin Cash (10 minutes)

Bitcoin Cash is a bit of an oddball. It isn’t a fast cryptocurrency, but it does come with super low transaction fees.

• Deposits: You will need to wait at least 10 minutes for your deposit to arrive in your casino balance. It’s not ideal for those looking for a crypto solution with fast deposit transaction times. On the other hand, the fees are as low as $0.005 per transaction, which is likely why it remains a popular option for some crypto iGaming enthusiasts.

• Withdrawals: The slow transaction times might put some of you off when it comes to withdrawals, but most crypto players understand there is a pending time, which offsets any of the cryptos with faster transaction times. Either way, pending time or no pending time, you will need to wait for funds to arrive in your wallet. As with deposits, the low transaction is one of the pros of using BCH.

10. BTC – Bitcoin (10 to 20 minutes)

Although Bitcoin is one of the most popular and most trusted cryptocurrencies to invest in, it is one of the slowest cryptos to deposit and withdraw.

• Deposits: If you don’t mind waiting anywhere between 10 and 20 minutes for your deposit to arrive, then Bitcoin is a safe and reliable way to find your casino account.

• Withdrawals: The only time Bitcoin can slow you down is when you play at an online casino with instant crypto withdrawal approvals.

Withdrawal Time Bottle Necks

One point most guides giving you information about the fastest cryptos to use in online casinos don’t mention is the withdrawal bottleneck. If your online casino operates under an official licensing authority, such as the Curacao GCB or Anjouan licensing authorities, there is likely a pending time. Therefore, you will need to wait for the casino to approve your withdrawal request.

With that being said, pending times are both a blessing and a curse. On the one hand, it takes longer for the casino for your crypto to appear in your crypto wallet. On the other hand, it means you are playing at an online casino overseen by a licensing authority. It certainly isn’t worth the risk of playing at casinos without proper licensing for the sake of receiving your money faster unless you are playing on a system that uses smart contracts.

The team here at Casinoplusbonus always recommend that you avoid playing at online casinos with no company information and no licensing authority.

Choosing Transaction Times Based on Fees

Although we have provided you with the most common speeds for a variety of cryptocurrency transactions, you can, in fact, choose to slow down the transaction time in some cases. Some wallets default to the fastest transaction time, while others may allow you to choose fast, average, or slow.

• Fast: Higher Transaction Fees
• Average: Higher Transaction Fees
• Slow: Low Transaction Fees

Crypto Verus Fiat Transactions

A good place to end this article is to compare cryptocurrency versus fiat currency casino transactions. It is always good to read about both sides of the coin so you can make a better decision on which is best for your circumstances.

• Fiat Vs. Crypto Deposits: In fiat currency casinos, when you make a deposit, the funds arrive instantly, and they are free of charge if you are depositing. However, when depositing using cryptos, you could wait anywhere between 4 to 5 seconds up to 20 minutes, and the blockchain network will take a small fee.

• Fiat Vs. Crypto Withdrawals: Fiat withdrawals are also generally free, while crypto blockchain ecosystems take a small fee for the transactions. As for processing speeds, generally, most fiat and crypto casinos come with a pending time.

That means no matter when you cash out, you still need to wait for the casino’s AML team to approve the withdrawal, which could be o to 72 hours.

Choosing Between Crypto and Fiat Currency Transactions

At this point, you may feel cryptocurrency casinos are slower compared to fiat currency casinos, and yes, we agree to a certain extent. However, using crypto has other advantages, such as anonymity, security, and the use of a provably fair algorithm for game results, which allows you to check game results.

In some cases, crypto casinos can also offer faster withdrawals compared to fiat casinos. For example, if you use a bank card like VISA or MasterCard, after the pending time (see FAQs), it can take 1 to 5 days for your bank to credit your account.

On the other hand, if you use e-wallets, then once the pending time is complete (your withdrawal is approved), your e-wallet may instantly credit your account. Yet, there is one problem with withdrawing to e-wallets, and that is they usually take a fee of around 1% to 5%. Compared to cryptocurrency, e-wallet fees are much higher.

Ask Casinoplusbonus: For more information about the content in this article, please take a look at our FAQ section below. Plus, if you have any questions, please feel free to leave a comment. You can also join our community via the crypto casino forum discussion!

FAQ

What is the fastest crypto to deposit to a crypto casino?

Ripple’s XRP is the fastest popular crypto to deposit and withdraw at an online casino. There is also the FTN crypto, which is slightly faster than XRP, but here at Casinoplusbonus, we have not reviewed any casinos that use this crypto.

What is pending time?

Pending time is the time it takes for the online casinos to approve your withdrawal request. As such, when you submit a withdrawal request, it will show as pending. Once the AML team at the casino approves the withdrawal, your cash-out request will show as processed.

Why is choosing a crypto with low network fees an important factor to consider?

When you cash out from an online casino, especially winnings, it makes financial sense to pay as low fees as possible. Sometimes, faster transaction times with high fees are not worthwhile, especially if you are a budget player. However, you should always consider how volatile the crypto is you choose to deposit and withdraw with.

Which cryptos have the lowest volatility?

If you are worried about cryptocurrency price fluctuations, then choosing Tether is a great option. Both ERC-20 and TRC-20 are pegged to the USD. Out of the two options, TRC-20 offers the most consistent network fees. As for ERC-20 network fees, they fluctuate depending on how popular the Ethereum network is at the time of your transaction.

What are crypto network or gas fees?

Cryptocurrencies are tied into a blockchain network ecosystem. To ensure that the ecosystem works, there are nodes, which are computers that confirm transaction times. Someone owns those computers and is connected to the blockchain, and to gain a return on their investment, they earn a fee when they process a transaction. The fee comes out of your transaction.