Get to know the pros and cons of choosing stablecoins or volatile coins to place your bets at Housebets.
Cryptobetting is now more popular than ever among online bettors because of the many advantages it has over fiat betting.
While some of the advantages can be found here, one that stands out is the ease of transactions, either funding your account or withdrawing your winnings.
For example, at Housebets, it is easy to fund your account. All you have to do is create an account on the site, fund your account with any cryptocurrency of your choice, and choose either the casino or sports betting option to start betting.
Cryptocurrency transactions are faster and easier than fiat transactions, which rely on a central authority or middlemen before transactions are conducted.
However, while cryptocurrency is now arguably more popular in online betting, it is still important to choose the coins that fit your profile as a bettor.
There are two major types of coins you can use to fund your betting bankroll on crypto-powered betting platforms like Housebets. The two major coins are Stablecoins and Volatile Coins.
In this piece, we will look at the pros and cons of both coins and which one you should go for as a bettor.
Stablecoins are coins that are designed to have a stable value, and the value is usually pegged to a physical commodity like the US dollar or gold.
Due to the volatile nature of most cryptocurrencies, stablecoins are created to bring stability that is required for everyday financial transactions.
If you are indeed someone who loves to trade in fiat currencies, and you want to get into the crypto market, then you should consider stablecoins.
There are different types of stablecoins, but these are some of the most popular ones.
Which of these coins are available at Housebets?
You can fund your Housebets betting account with a host of different cryptocurrencies, including the USDT and USDC stablecoins.
Volatile coins, unlike stable coins, are known for their volatility. Unlike stablecoins, their value is not pegged to a physical commodity.
Instead, it is determined by market forces, which then determine the prices of these coins. At times, the prices of these coins could be on the high side, and sometimes they could crash.
Types of Volatile Coins
Are these coins available at Housebets?
Yes, you can fund your Housebets betting account by depositing any of the cryptocurrencies listed above.
In fairness, it depends on the kind of bettor you are. If you are a newbie and are used to fiat currencies, it is better to bet with Stablecoins.
Also, if your betting session will be long, it is better to bet with Stablecoins. However, if you want quick gains and you are a risk-taker, then you can go for volatile coins.
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