Before you make your first deposit, check which cryptocurrencies and chains the casino supports by default. Choosing the right one will simplify your payment and reduce fees.
Most used cryptocurrencies in casinos
At the LibraBet online casino you’ll find a wide selection of cryptocurrencies for making your deposits and withdrawals
In this article you’ll find a comparison of the main tokens and the chains they commonly use in casinos, including practical notes on speed and fees. You’ll learn why USDT is offered on multiple chains, how to tell addresses apart, and when you must fill in a destination tag. The goal is to make sure you always click the right option in the cashier.
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Difference between currency and chain
Before you click “Send” in your wallet, you need to understand two things: what you’re sending and how you’re sending it. This is where beginners most often make mistakes, and yet a few simple rules are enough.- Currency (token / coin) is the asset itself: for example USDT, BTC, ETH.
- Chain (network) is the “road” your payment travels on: TRC20 (TRON), ERC20 (Ethereum), BEP20 (BNB Smart Chain), etc.
Native token vs. tokens on chains
Before you start depositing, it helps to distinguish what the chain’s “native” currency is and what is a token that simply runs on that chain. This tells you exactly what pays the fees (gas) and why casinos list multiple variants for one currency.Native token (native coin)
This is the base currency of a given chain. It’s used to pay fees and powers all transactions on the network. Examples: BTC on Bitcoin, ETH on Ethereum, BNB on BNB Smart Chain, TRX on TRON, SOL on Solana, ADA on Cardano, LTC on Litecoin, XRP on the XRP Ledger. If you send any token on that chain, you need some “change” in the native currency to cover gas (e.g., on Ethereum you need a little ETH, even if you’re sending USDT-ERC20).Tokens on chains (contract tokens)
They’re created as “applications” on an existing chain (typically in ERC-20 / BEP-20 / TRC-20 standards, etc.). These are often stablecoins (USDT, USDC), gaming tokens, or other assets. Example: USDT-TRC20 (TRON), USDT-ERC20 (Ethereum), USDT-BEP20 (BNB). It’s always the same USDT token, but on a different chain—so it has a different address format, different fees, and different speed. Some tokens exist in a “wrapped” form (e.g., wBTC on Ethereum) so they can be used outside their original chain.What this means for a casino deposit
- In the cashier, always select the currency + specific chain (e.g., USDT → TRC20).
- Keep a small reserve of the chain’s native currency for gas (for TRC20 → TRX).
- The same token on a different chain is not compatible with the address the casino shows you.
Bridge (connecting chains) in a nutshell
You may come across the term bridge. It’s a service that lets you move tokens between chains (e.g., from USDT-ERC20 to USDT-TRC20). This is useful if your token is on the “wrong” chain compared to what the cashier requires. How it’s usually done:- via a centralized exchange (CEX)—you deposit the token on one chain and withdraw it on another;
- via decentralized bridge services—the transfer occurs without an exchange directly between chains.
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Most common cryptocurrencies in casinos
Most online casinos and sportsbooks today offer a crypto selection that covers the needs of the vast majority of players: USDT/USDC as a stable choice, BTC and ETH as the best-known currencies, then LTC, BCH, DOGE for cheap transfers, and XRP, ADA, SOL for fast confirmations. The specific options differ by chain, fees, and crediting time. In the profiles below we summarize when each currency makes practical sense.BTC (Bitcoin)
The granddaddy of crypto and an almost universally supported choice. Deposits usually go on-chain on the Bitcoin network, where confirmations take longer and fees fluctuate with network load. You may encounter addresses like bc1… / 3… / 1…. Some platforms support Lightning, but it’s still a minority. BTC makes sense if you already hold it, your brand doesn’t offer anything else, or you prefer “pure” Bitcoin. Just keep in mind that transaction speed and cost can vary.ETH (Ethereum)
The second most well-known cryptocurrency and the base for many tokens. Deposits are on the ERC-20 chain and the fee (gas) is paid in ETH. Confirmations are usually fast, but at peak times they can delay and make the transaction more expensive. Addresses have the 0x… format. Ethereum is a practical choice if you already use it (e.g., you’re transferring other ERC-20 tokens too) and don’t mind that fees are typically higher than on cheaper chains.USDT (Tether)
The most widespread stablecoin at online casinos, which holds value at approximately 1 USDT ≈ 1 USD. It’s commonly offered on multiple chains: TRC-20 (TRON) with low fees and fast confirmations, BEP-20 (BNB Smart Chain) also with low costs, and ERC-20 (Ethereum), where gas is pricier. The currency × chain must always match: send USDT-TRC20 to T… addresses, USDT-ERC20/-BEP20 to 0x…. USDT is ideal if you want a stable balance and quick crediting without exchange-rate swings.USDC (USD Coin)
Another popular stablecoin pegged to USD. In i-gaming it’s often offered as USDC-ERC20, with some brands adding other chains (e.g., BNB, and on selected brands Solana). As with USDT, you must choose the correct chain and have gas in the chain’s native currency. USDC is a convenient choice for those who want a stable value and prefer the Ethereum ecosystem.LTC (Litecoin)
A “lighter” variant of Bitcoin with roughly 2,5min blocks and long-term low fees. Addresses can start with ltc1… / M… / L…. In practice it’s a reliable choice when you want a faster and cheaper on-chain transfer with a similar experience to BTC. You’ll often find it among the cheapest options for small to medium amounts.XRP (Ripple)
Known for fast and cheap transfers on the XRP Ledger. Addresses typically start with r… and a mandatory “destination tag” adds a short identifier so the platform can assign the payment correctly. Without the tag, the deposit may not be credited. XRP is suitable when you want a combination of speed and low cost.BCH (Bitcoin Cash)
A Bitcoin fork with larger blocks and lower fees. Addresses use the CashAddr format (e.g., q…). Confirmation speed is typically higher than BTC and costs lower, making it good for cheaper on-chain transfers where the platform offers BCH. If you want a “Bitcoin-like” experience while saving on fees, BCH is a sensible choice.DOGE (Dogecoin)
Originally a joke coin, now a stable “cheap and fast” option with 1min blocks and low fees. Addresses usually start with D…. Some platforms may require more confirmations than for LTC/XRP. DOGE is suitable when you want an inexpensive transfer and your brand supports it widely. Just remember it’s not a stablecoin (the value fluctuates).ADA (Cardano)
The native currency of the Cardano chain with low fees and a specific address format (addr1…). Confirmations are fast and transactions reliable; just keep in mind that Cardano wallets differ from the “Ethereum-style” (ERC-20). ADA makes sense if you already use it, want low costs, and your brand supports Cardano.SOL (Solana)
The currency of the fast Solana chain with very low fees and quick finality. Addresses are longer Base58 strings. Some platforms support deposits in SOL; others prefer tokens on Solana (e.g., USDC on SPL). SOL is an excellent choice for the fastest possible crediting at a fraction of a cent, if your platform lists it in the cashier.How to choose the right option for your brand
First, check what your brand actually supports. The list of currencies and chains in the cashier will often decide for you. If you want a stable value and quick crediting, the most practical choice is usually USDT or USDC on TRC-20/BEP-20. If you prefer “pure” crypto and don’t mind price volatility, go for BTC/ETH/LTC. Also consider costs and speed. ERC-20 is universal, but fees can be higher. TRC-20, BEP-20, or Solana are cheap and fast. Also verify minimums and withdrawal limits. Some brands have different thresholds for different chains and require the same method for withdrawals as for the deposit.Common mistakes and how to avoid them
The biggest issue is mixing up the chain (e.g., USDT-TRC20 sent to an ERC-20 address) and a missing “destination tag/memo” for XRP/XLM. Always check that currency × chain × address match and that you’ve filled in all required identifiers. Other pitfalls include address typos and insufficient gas. Never retype the address manually and before sending make sure you have a small amount of the native currency for the fee. Watch out for time-limited deposit addresses (some systems may change them after a while) and for the brand’s internal rules. Crediting may wait for the required number of confirmations or a short review. In short: follow the cashier’s instructions, copy the address, send a small amount first, track the TX ID in an explorer, and for specific currencies (XRP, etc.) don’t forget the tag/memo. This will eliminate the vast majority of errors that would otherwise lead to delays or irreversible loss of funds.Frequently asked questions
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Sources: librabet.com
Kristyna Baranova
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