Bitcoin Cash Casinos
Bitcoin Cash is one of the more popular cryptocurrencies. It’s a fork of the original Bitcoin but runs on a much more efficient network. The creators planned to stay true to the original dream of Satoshi Nakomoto by creating the perfect Peer To Peer Electronic Cash. BCH offers fast transactions with low fees over a secure blockchain that doesn’t get congested, making it ideal for online casino payments.
When you use BCH, you can act as your own bank, with complete control over your money. There are no transaction limits, and the network runs 24/7, 365 days a year. Their decentralized system differs from that of a typical bank because there is no single person in charge, and there’s no chance of your funds being blocked or seized.
You can store your funds securely on offline or online crypto wallets like Bread, Blockchain, Exodus and Ledger. When you create a wallet, you get a unique Private Key. This is like a password and used to log in. This helps keep everything secure and minimize the chance of an account being hacked.
You can find more than 40 Bitcoin Cash online casinos offering the latest slots, table & live games to play and win with crypto. Many gaming sites have started to benefit from accepting deposits & withdrawals in BCH. Some of the most popular crypto game sites in 2021 are Bitstarz, FortuneJack, KatsuBet, King Billy, RooBet, and Stake.
While some places are pure crypto sites where you can play slots and live games in BCH, most casinos will convert your balance to a traditional currency like EUR or USD. After you have a win and request a withdrawal, the site will send the EUR/USD equivalent in BCH to your Bitcoin Cash wallet. This process is fast, efficient, and becoming the favoured way to get paid by many casino gamers.
A Brief History of Bitcoin Cash
An original member of the Bitcoin community was Roger Ver. He realized that BTC was becoming more of an investment token than a currency that people could reliably use for spending. Roger took the first steps and created Bitcoin Cash on August 1st 2017. His aim was to create a digital currency on an upgraded blockchain with bigger block sizes so miners could process transactions quicker.
The Bitcoin Cash currency was a hard fork of the original BTC. Anyone who was a Bitcoin holder on that date received the equivalent value in BCH on their network. Transactions with BCH are recorded to the ledger much quicker than standard Bitcoin. This efficiency means users can send transactions in Bitcoin Cash with an average fee of just $0.001, compared to an average of over $6 with BTC.
This faster crypto coin has remained a favourite for many and is currently ranked 13th by market capsize. Overall the currency has a total value of $9,000,000,000. So it’s no surprise that more players are choosing to play at bitcoin cash casinos.
The great thing about this type of crypto is the supply is limited to 21,000,000. The price is determined by supply & demand on the open market. This currency is very liquid, with BCH listed on 100’s of exchanges. You can find it on many popular payment platforms like BitPay, CoinPayments, and Coinbase.
BCH had an All-Time High price of $4,355 per coin on December 20th, 2017. After the massive surge in popularity, the market started to decline. Over the last two years, it’s been slowly growing, and currently, one BCH costs $480.
Bitcoin Cash – Pros and Cons
- Fast transactions & confirmations
- Popular payment choice for online gaming
- Easy to buy & sell on secure exchange websites
- It can be hard to learn at first
- Price fluctuations can cause the value of your BCH amount to change
How to use Bitcoin Cash at Online Casinos
Using Bitcoin Cash at an online casino these days is convenient once you’re set up and ready to go. The first step is to purchase some BCH at an online exchange. It’s always good to be safe and find established sites like Coinbase, CEX, and Paxful.
These websites allow you to purchase cryptocurrency using bank wires, credit/debit cards, e-wallets, and PayPal. Once you’ve purchased your BCH, it’s stored in your account wallet on the exchange. Some sites won’t allow gambling-related transactions, so it’s essential to get a dedicated crypto wallet to hold your funds if you’re using them to play at online casinos.
There are lots of wallet providers and types. It’s best to pick one based on their security features & reputation. One of the most popular online ones is the Blockchain.com Wallet. You can receive, store and send a range of cryptos, including BTC and BCH, from their website or mobile app. This wallet is well designed and easy to set up for use with casinos.
Once you have your online wallet setup, you can send your coins across from the exchange. All crypto wallets will have options for sending & receiving. You will need to get a receiving BCH address to send your money to. Once you have this unique wallet address, you can add it to the withdrawal field on the exchange and send it across.
Now that you’ve got your funds ready, you can use your wallet to deposit to your choice of Bitcoin Cash online casinos. It’s a good idea to look for a casino site with a great reputation, an excellent selection of games, and exciting bonuses.
In the cashier, you will find the banking options. Pick Bitcoin Cash, and you will get a unique wallet ID to deposit to. In your crypto wallet, select the option to Send. Pick the wallet holding your BCH. Copy the casino deposit address and paste it into the address field labeled ‘To.’
Next, enter the BCH amount you wish to play with and click send. For example, if you wanted to deposit $48 to the casino, you would send 0.1BCH. The transactions are fast, so you can expect to see your account balance updated in less than 10 minutes.
In 2021 it’s easier than ever to find fun & safe Bitcoin Cash casinos to play the newest games and win big cash prizes. This popular crypto is becoming more widely accepted thanks to its fast transaction speed and low costs. These features make it an ideal online payment method. Make sure to take your time and find reliable exchanges, safe wallets, and reputable casinos to enjoy a secure gaming experience.
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Bitcoin Cash FAQ
Is Bitcoin Cash safe to use?
What's the difference between Bitcoin and Bitcoin Cash?
Are BCH transactions slow or fast?
Can I use Bitcoin Cash to play at online casinos?
Can I play games in BCH currency?