Bitcoin Cash Online Casinos

Crypto has entered the world of online gambling and is here to stay, and while Bitcoin is still the most popular digital currency, Bitcoin Cash is right behind it. This is actually a currency built on the Bitcoin model, therefore, you should expect greatness from it, too. But Bitcoin Cash is an improved crypto, thanks to its scalability. As such, it is offered across most, if not all, crypto casinos, and even international online casinos which accept both fiat and digital currencies. You won’t have any issues finding one that you’d like to join, so stay with us to learn more about it. Why use Bitcoin Cash across online casinos?

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Bitcoin Cash FAQs

About Bitcoin Cash

There’s hardly any person interested in crypto who doesn’t know that Bitcoin was the first cryptocurrency ever released. With its launch, the need for bank accounts and the use of fiat currencies was made redundant. Instead, with Bitcoin, there was this open-source, completely decentralized, peer-to-peer platform where people could exchange money online at low costs, with no authority supervision.

Considering this appealed to millions of people across the globe, Bitcoin started being used like crazy. Millions of people were making daily transactions with it, but its platform could not withstand the pressure. Suddenly, the transactions, which were initially instant, started being delayed, the market share dropped and even higher fees were introduced. Due to problems with sustainability, therefore, the blockchain was overloaded and this led to the 2017 split, known as the hard fork.

This is exactly when Bitcoin Cash was founded. How you may ask? Well, part of the Bitcoin patrons wanted to make a crypto that is more scalable, while part of them wanted to keep it as it is. They couldn’t settle their differences, and the hard fork happened.

Now, pay attention as we’re about to explain the main difference between the two digital currencies. As it turns out, the original Bitcoin supporters managed to scale the crypto using SegWit2x measures, turning each block from 1 MB to 2 MB in size. Bitcoin Cash founders further boosted the blocks, from 1 MB to 8 MB. Therefore, the founders of this new currency managed to offer better scalability, hence, offer way faster transactions compared to Bitcoin.

And that’s why the new cryptocurrency was warmly welcomed by the online gambling industry. In fact, it gained momentum in the industry the very same year it was launched. While online casinos were being used to Bitcoin’s processing times, when the new crypto appeared which offered even faster transactions, they had to include it on their list of accepted methods. And, that’s why you will find Bitcoin Cash across hundreds of online casinos. Stay with us to learn how to start using it and how to transact with it across online casinos.

Types of Services Offered

Bitcoin Cash is a cryptocurrency, just like any other available on the market today. Hence, you probably know what to expect from it in terms of the services offered. You know that you’ll be getting instant transactions, with no costs, all across the internet, with no financial authority supervision.

But let’s see how to get started with it. When the hard fork happened, Bitcoin Cash founders were given the opportunity to exchange their current Bitcoins. That meant that they were leaving the Bitcoin blockchain and joining the new one. So, to make it clear: all transactions of the two cryptos are separate, on a separate blockchain. As mentioned, though, Bitcoin Cash was built on the underlying Bitcoin blockchain, keeping many of its characteristics, but also improving some, allowing for safer and faster transactions.

Now, to go back to the getting started process. To purchase Bitcoin Cash tokens (BCH), you can either make use of the peer-to-peer trading system and have some coins sent to you by a friend or a family member. However, you can also purchase your tokens, at any exchange platform, and there are over two dozen of them to choose from. Just make sure you monitor its market value and purchase the tokens when the best price is offered.

You can purchase the tokens using many worldwide used traditional banking methods, such as credit, debit cards and eWallets. But before you do, make sure you create a wallet so that you can store your coins there. When you create a wallet, you will receive two alphanumerical keys, the public or the eWallet address, and the private or the eWallet password/credentials. Make sure you keep those safe and away from wandering eyes, as these are essential for seamless crypto transacting.

How to Deposit with Bitcoin Cash?

You should know that once you’ve obtained your tokens and stored them into an eWallet, transacting with the crypto would be a piece of cake. The first thing you would need to do to start using it for online gambling transactions is, of course, to find an online casino that accepts it. But as mentioned previously, you’ll have hundreds of sites to explore, so you’ll probably find the perfect casino for you in no time. Join the casino and then you’ll be ready to make your BCH deposits.

As a first-time depositor with Bitcoin Cash, make sure you go through the following steps:

1. Head over to the casino’s Banking/Cashier/Payment Methods list.
2. From the list, find Bitcoin Cash and click or tap on it.
3. Enter the wallet address in the designated field.
4. Specify how much you’d like to deposit.
5. Confirm the transaction and the money will arrive on the casino’s crypto wallet in an instant.
6. The coins will be available on your balance right away!

How to Withdraw Winnings with It?

Now, payouts with Bitcoin Cash are not only an option, but they are also incredibly fast, just like deposits are.

To withdraw your winnings with it, you would need to go through a similar procedure to the one described above for deposits. This time, make sure you double-check your wallet address, specify how much you’d like to withdraw and confirm the transaction. Considering transactions with it are irreversible, if you want to receive your money, make sure you write the right wallet address.

Country Restrictions and Other Limitations

nliThere are no country restrictions when it comes to using cryptocurrencies across online casinos, as you may as well know. The same goes for using Bitcoin Cash for online gambling transactions. Cryptocurrencies are getting embraced by many countries and gambling markets, so you should not have a problem. However, keep in mind that, still, some countries ban cryptocurrencies, so before you decide to use it, make sure you check your own country’s laws.

You can purchase the tokens with many fiat currencies and even cryptocurrencies on exchange platforms. The solution is completely fee-free, so you can make cost-effective transactions with it across online casinos. On that note, not only can you use it for deposits, but this crypto is also your option for quick withdrawals, which is a major plus.

About other limitations, though, you need to bear in mind that transactions with it, although affordable and fast, are irreversible. You need to double, triple-check the necessary keys before you confirm a transaction with it since once the transaction has been processed, there’s no way to get your coins back. Another issue is that its value fluctuates. Even though its stability on the market is improving, the value can increase or decrease when you least expect it.

Advantages and Disadvantages

When you first start using Bitcoin Cash, you will notice that the benefits you get with it prevail when compared to the downsides. Sure, you can use many other cryptocurrencies across online casinos, but with this crypto, you get incredible transaction speed. Your deposits across online casinos will be really instant, and withdrawals will be pretty fast, too. This is actually its strongest suit and the thing that makes it better than Bitcoin. It is far more scalable, meaning it can process a greater volume of transactions compared to Bitcoin, therefore, you can enjoy a way faster and smoother online banking experience.

As far as the advantages of using it as a payment method across online casinos go, you’re in for a real treat. Not only are transactions with it super-fast, but they’re extremely easy to be made, as well. As long as you’ve created your wallet and purchased/received some tokens, you just need to enter the appropriate addresses and confirm a transaction. On that note, you can make both deposits and withdrawals with it, which is something online casino players love: using the same solution for both.

We must also mention that the crypto is incredibly secure, and never monitored by any authority. It uses the latest encryption technologies, and it works on a peer-to-peer system, therefore, you can rest assured that your funds will be safe with it. We must also mention the fact that transactions with it are completely fee-free. With other traditional payment methods, at some point, you must pay a fee, but with this solution, you make free deposits and withdrawals. And finally, we must mention that it is a method offered across many online casinos, so you can choose from hundreds of sites to find the one that’s suitable for you.

On the other hand, though, there are the three downsides. One, transactions with it are irreversible. Two, its value fluctuates. And three, it may happen that your country has banned transactions with crypto, and in that case, you cannot use it for seamless online casino transactions.

Final Analysis

Naturally, all cryptocurrencies come with their pros and cons. While the pros prevail with Bitcoin Cash, you cannot ignore the fact that transactions with it cannot be reversed, that its value continues fluctuating and that it may be banned in your country.

Other than that, you can rely on this cryptocurrency to process transactions in the smoothest way. No fees are charged when transacting with it across online casinos, which is a major plus. Add to that that you can use it for both funding your casino balance and cashing out your winnings from it, and there you have it: the most convenient solution to use. Not to forget that these deposits and withdrawals will be incredibly fast, instant.

With it, you will have the privacy you need, and you’ll never need to share with the operator any details about your credit/bank account numbers. The solution is safe and secure, fully decentralized and available across hundreds of online casino sites. Therefore, if into crypto, you cannot skip it. You must try transacting with Bitcoin Cash at least once to discover all of its strengths.