BitcoinCash Casinos 2024
Peter Schmidt| BCH Facts | |
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| Co-Founder: | Roger Ver |
| Founded in: | 2017 (Hard Fork) |
| Ticker symbol | BCH |
| Market capitalization | ~ $35B CAD |
| Website: | bitcoincash.org |
| Available: | Worldwide |
| Best BCH Casino | Stake Casino |
| Best BCH Bonus: | Bitstarz |
BitcoinCash (BCH) is robust peer-to-peer currency which split from Bitcoin in 2017. This younger spin-off of the most established crypto coin is notable for its ability to ensure faster transactions and other technical advantages.
Why did the split come about inside the Bitcoin family? Bitcoin Cash Co-Founder Roger Ver from Germany wanted to increase the block size limits from 1MB to 8MB. The eightfold increase would have delivered corresponding increases in transaction speed.
However, BTC rejected the proposed Segwit protocol extension to the Soft Fork Bitcoin and Ver went his separate way, eventually founding the new BCH coin which adopted Segwit.
Because of their shared origin in Bitcoin, BTC and BCH share a transaction history until the split on August 1, 2017. That common history works to the advantage of Bitcoin Cash. In the volatile world of crypto, having a recognized legacy lineage strengthens investor and trader confidence. After all, no peer-to-peer currency is more renowned and trusted than Bitcoin.
The debate over block size which led to the split still rages, inside and out of BTC. Block size affects transaction volume and scalability of the coin, so this was not a merely technical disagreement. Satoshi Nakamoto, inventor of Bitcoin, has long held the view that larger blocks were safer and would contribute to solving the scaling problem.
The issue was already attracting criticism. Processing was taking longer and longer, so many were searching for solutions that would expedite transaction. Ultimately, though, the dispute could not be resolved within BTC, so Ver walked and spun off BCH.
The Best BCH Casinos 2024
Direct deposit with BCH is possible via the wallets of several providers. The most popular wallets for Canadian players are Binance and Coinbase, though other BCH-supporting alternatives are out there, and keeping popping up. But BCH is not universally accepted at every casino, so make sure to check that your venue of choice welcomes BCH deposits and withdrawals.
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How Bitcoin Cash works at online casinos
After you find a crypto online casino that accepts BitcoinCash, it's usually straightforward to make a deposit. The first and most fundamental requirement, of course, is that you start a player account. Then select the wallet you want to use to purchase and deposit BCH.
BCH purchases take just a few relatively simple steps. Every time you proceed to make a deposit in BCH, the BitcoinCash Casino will generate a new address for you. Just copy the address shown by the casino and paste it into the transaction form. Each deposit will be automatically assign a new wallet address. Be careful to do this step so that the credit due arrives safe and sound.
Advantages & Disadvantages of BCH in Online Casinos
- What are the advantages of Bitcoin Cash as a casino payment method?
- What are the disadvantages of BCH as a casino payment?
1.) What are the advantages of Bitcoin Cash as a casino payment method?
Traditional currencies like Dollars or Euros have some serious obstacles in online casinos due to constantly changing regulations. Often there are strict deposit limits, reporting requirements and other annoying hurdles and invasions of your privacy and freedom as a player. This constantly increasing regulation is driving many classic payment providers to withdrawing from online gaming altogether.
Digital assets like BCH overcome most of these obstacles. These are not tied to traditional market economies and currency regulations. Not just in connection with online casinos but across a broad spectrum of industries and commercial transactions. Increasing numbers of companies are accepting and relying on crypto currencies due to their abilities to offer much greater flexibility and discretion, especially when it comes to digital transactions.
Peer-to-peer currencies like BitcoinCash can now be purchased through the most common digital wallets. In comparison with the classic Bitcoin, the BCH offers a raft of advantages, starting with the ability to purchase coin virtually free of charge. If there are any charges at all, they are likely to be small flat rates rather than percentages. This ensures that transaction costs remain stable and reliable.
Here are the key benefits of BCH:
- Low or no fees
- Fast transactions, in seconds
- More privacy
- Exclusive promotions
- Decentralization
- Stability
- Security
- Reliability
Cryptocurrency account movements are visible, though not attached to your name. This is the beauty and security that Bitcoin-Cash affords. Payments in BCH are legal in Canada and most other countries except for a few outlier nations like Afghanistan, Saudi Arabia or Bolivia.
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2.) What are the disadvantages of BCH as a casino payment?
Despite the rigorous security and privacy protections, BCH cannot guarantee absolute anonymity. At the end of the day, user activities on the internet are potentially visible. Although BitcoinCash arguably offers more protection than the original Bitcoin, there are still comparatively few BCH casinos, which reflects a degree of uncertainty and risk. Also bear in mind that you will need to verify your casino account before withdrawals, so cryptocurrencies won't grant you complete anonymity.
Key drawbacks of BCH:
- Not totally anonymous
- Accepted by fewer casinos than BTC
- Exchange fees may apply to wallet transactions
Bear in mind that exchange rates are in constant flux. Most BCH online casinos will pay out at the current rate at the time of the transaction and you won't know what that is in advance. If a coin's rate changes in value, this fluctuation is automatically taken into account across all transactions.
Exchange fees vary depending on which wallet you use. We strongly suggest you compare the offerings of several providers and read their terms and conditions carefully.
Back to TOCTips & tricks when paying in BCH
The BCH cryptocurrency is catching on and becoming increasingly popular. Last we checked, there are now some 5,000 physical transaction points across the world. As a result, Bitcoin Cash is becoming a viable alternative to fiat currencies.
Players at online casino are strongly advised to choose a crypto wallet from among the leading providers. There you can buy and store your BCH, often with an option to trade your digital currency.
Tip: You should always track current crypto prices and purchase when the BCH price is going down rather than when it's at a peak. Of course, you can't predict the future, but you can educate yourself about trading and price trends to guide your coin purchase and trading decisions.
Bitcoin Cash FAQs
While Bitcoin is well accepted by both players and casino operators, Bitcoin-Cash is still establishing itself as a method of payment across the online casino industry. That's why we address some of the most frequently ask questions and provided detailed answers below.
- Can BCH payments be made free of charge?
- Do casinos offer a BCH welcome bonus?
- How can you buy Bitcoin Cash?
- Which casinos accept BCH?
- How reliable are Bitcoin Cash transactions?
- Will I receive payouts in BCH?
- Which BCH alternatives are worth considering?
1.) Can BCH payments be made free of charge?
Most popular online casinos do not charge fees for deposits and withdrawals, although there are exceptions. However, there may be fees associated with transactions which exchange Bitcoin Cash credits for fiat currencies like CAD, USD or EUR.
These exchange fees can sometimes be costly. Many wallets charge a fee per transaction. You will want to compare the terms and conditions of various wallets. Doing so before transactions will save you time, money, and annoyance.
2.) Do casinos offer a BCH welcome bonus?
A welcome bonus may be available if a deposit is made via BCH, but it should not be taken for granted. Each casino has its own policies concerning bonuses, and they can vary from time to time. While popular payment methods like Skrill and Neteller are often a factor used in excluding bonuses, a deposit in BCH may let you qualify for a welcome bonus.
Bitstarz offers every new customer a welcome bonus whether they deposit with a cryptocurrency or in CAD.
3.) How can you buy Bitcoin Cash?
Purchasing cryptocurrencies requires registering a crypto wallet. There are many on the market. Once you have an account with a personal wallet address, you can deposit traditional money like CAD or USD in a variety of ways, then exchange them for the coin of your choice along with accompanying exchange fees.
Most of the established wallets offer BCH along with many other coins for sale. Keep in mind that, as a rule, you don't need to buy whole BCH coins. Fractional purchases are invariably accepted. Even small amounts of BitcoinCash can be purchased at the current rates.
4.) Which casinos accept BCH?
To be honest, the number of casinos supporting BitcoinCash is not that huge at the moment. Many casinos accepting cryptocurrencies such as Bitcoin, Ethereum or Litecoin do not offer BCH as a deposit option.
The best-known casinos accepting BCH include:
Casinos are especially careful when it comes to cryptocurrency transactions. Bitcoin Cash has only been around the block since spinning off from its more famous parent in 2017. But it appears that the BCH is here to stay and will continue to grow in popularity and acceptance, in online casinos and beyond.
In addition to its other advantages over BTC, there is its more manageable price, currently hovering around 1BCH to $1,200 CAD.
5.) How reliable are Bitcoin Cash transactions?
BCH is based on one of the most robust and secure blockchain technologies. For hackers, access is virtually impossible – another advantage for those who trading in BitcoinCash or depositing BCH into an online casino. Reliability is assured.
However, in discussing security, one always needs to take into account constant fluctuations in exchange rates, especially with volatile cryptocurrencies. It is never easy to predict the exact amount of BCH payout from your preferred casino. Younger coins like Bitcoin Cash fluctuate with a high degree of volatility. So always take this factor into account whenever dealing with crypto of any kind.
The wallet you choose is also important. For Canadians, Binance and Coinbase are two highly regarded wallet providers, but there are other options you may want to check out. As a rule, read up on their terms and conditions, checking out a range of reviews before you deposit your funds.
6.) Will I receive payouts in BCH?
Withdrawals are complex and sensitive questions, best to answer before your winnings are held by the casino. When it comes to withdrawing your money, it's a good idea to clarify this point via a short live chat with your preferred online casino as crypto policies vary between casinos. We checked with 20Bet and that casino confirmed that winnings generally are paid out in the same currency with which the deposit was made. But other casinos may operate according to different policies, so it's best to check in advance.
In the casino games themselves, fiat currency is used and the conversion will take place based on exchange rates at the time of the transaction, which can be tracked easily on the stock exchange, or wallet providers like Coinbase or Binance.
7.) Which BCH alternatives are worth considering?
No one can predict what will happen with Bitcoin Cash or other cryptocurrencies. So it makes sense for casino players to educate themselves and get familiar with several crypto alternatives. The best-known alternative to BCH is, of course, the original Bitcoin itself. In addition, Ethereum and Litecoin are well-known crypto options becoming increasingly important in online gaming as well as in other industries and commercial activities.
The Expert Conclusion on Bitcoin Cash Casinos
The pros and cons of BitcoinCash are worth considering carefully. In all, BCH is widely considered one of the safest crypto currencies along with Bitcoin, Etherum and Litecoin. After all, BCH is not a Johnny-come-lately but literally a "chip off the old blockchain" with a very well-known and highly reputable parent coin.
Bitcoin itself is less practical today for many players, and BCH can be had for a fraction of the cost. It thus remains affordable and manageable for players who want to invest modest amounts into digital currency.
Some critics fear that BitcoinCash may find it tough to survive alongside Bitcoin in the long run. At the moment, it is difficult to predict whether this concern will prove accurate. But the trends are moving in its favour, with many major online casinos increasing willing to accept BCH as payment. And if these trends continue, BitcoinCash will continue to spin in a positive direction, attracting more and more casinos to support it.
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