SOFTSWISS reveals crypto survey implying increased use of altcoins for betting

Altcoins may be a better choice for cryptocurrency bettors than Bitcoin, according to a SOFTSWISS report on the use of cryptocurrencies for gambling.

Even though Bitcoin's value has varied a lot this year, it is still far higher than it was in 2022 and 2023, when scandals like the FTX collapse had an impact on the entire cryptocurrency market.

According to the report from the gaming software solutions provider, this drop has increased the use of altcoin as a payment method for igaming.

 

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According to a SOFTSWISS report, altcoins may be a better option for cryptocurrency bettors than Bitcoin. Despite Bitcoin's value being higher than in 2022 and 2023, when events like the FTX collapse affected the market, its volatility remains significant. The report highlights that this fluctuation has led to an increased use of altcoins as a preferred payment method for iGaming, as they offer more stability and lower transaction costs compared to Bitcoin in the gambling sector.