Bitcoin Cash Accepted Online Casinos
Andreea Stanescu
Content Writer
Stefana Chele
Content Writer and iGaming Specialist
Launched in 2017 as an alternative to Bitcoin, Bitcoin Cash aims to provide faster and cheaper payment processing. It has since become one of the top cryptocurrencies in the market. Join me for a quick, insightful tour of Bitcoin Cash online casinos.
Best Bitcoin Cash Casinos
Bitcoin Cash Online Casinos Overview
Bitcoin Cash, also known as BCH, emerged from a hard fork in the Bitcoin blockchain, creating a new, distinct cryptocurrency. This proof-of-work blockchain network offers faster and more affordable mobile casino transactions than Bitcoin and has developed its own dedicated community.
 | |
|---|---|
| Type of Payment | Cryptocurrency |
| Founded | 2017 |
| Headquarters | Chicago, USA |
| Number of Employees | 10 |
| Countries Available | Worldwide |
What's Special about Bitcoin Cash?
Bitcoin Cash quickly surpassed Bitcoin in trading volume following its launch, with South Korea being among the first to embrace this new cryptocurrency. No wonder you will find it as a payment method in a number of new online casinos.
Extra Fact
Slovenia leads globally in the number of merchants accepting BCH, with growing acceptance in regions like Japan, Australia, and New Hampshire.
Similar to Bitcoin, Bitcoin Cash is usable at select merchants, can be bought via PayPal, and acts as an alternative for exchanging value.
Here are key advantages and reasons to consider when playing at a BCH online casino:
- Speedy Transactions - Deposits and withdrawals with Bitcoin Cash are almost instant. The cryptocurrency itself processes transactions quickly, and crypto casinos often don't need to manually process payments due to blockchain security;
- Low Transaction Fees - Most BCH casinos don't impose fees on deposits or withdrawals, though some might charge a minimal fee for withdrawals, irrespective of the currency;
- Enhanced Security and Privacy - As a Bitcoin hard fork, Bitcoin Cash retains many of Bitcoin's robust security features, making it a highly secure digital currency option;
- Potential for Greater Winnings - The volatile nature of BCH, like all cryptocurrencies, means its value could significantly increase, potentially boosting the value of your winnings.
Take Note
However, be mindful of the risk, as its value can also decrease.
What Are BCH Casinos Fees?
The key difference between Bitcoin and Bitcoin Cash is the size of their blocks.
To understand why block size matters, think about comparing baskets of different sizes. The larger the basket, the more transactions it can hold simultaneously.
With its larger block size, Bitcoin Cash typically charges less than a penny for transactions.
The BCH blockchain typically incurs a negligible gas fee, often less than $0.01, occasionally reaching $0.10. This makes BCH one of the most cost-effective options for online casino gaming.
It can manage considerably more data simultaneously — 32 times more than Bitcoin. Additionally, it boasts faster transaction processing, handling 100 transactions per second compared to Bitcoin's seven.
Speed Isn't the Whole Story
More speed doesn't translate into enhanced security. Below, I have explained why BCH may not offer the same security as BTC and how its creators are bumping up the safeguards.
Making Deposits at Bitcoin Cash Casinos - A Step-by-Step Guide
To begin, buy BCH with fiat currency on a crypto exchange and set up a wallet for casino transactions.
- Start with a Bitcoin Cash Exchange - Purchase BCH with currencies like dollars or euros;
- Choose a Bitcoin Cash Wallet - Mobile wallets are recommended for beginners for their ease and safety, though various wallet types are available. Once you have BCH, using it in casinos is straightforward;
- Set Up a Casino Account - After registering at an online casino, navigate to the 'Cashier' section to deposit BCH;
- Make a Deposit - In your wallet, select 'Send To' and paste the casino's unique blockchain address. Confirm and send. BCH deposits and withdrawals are almost instantaneous;
- Start Playing - Once BCH appears in your casino account, start playing your favorite games.
For withdrawals, simply transfer your winnings back to your wallet. The process becomes easier as you get used to it.
Is It Sufficiently Secure?
There's a balance to consider with Bitcoin Cash's speed: it may not be as secure as Bitcoin. The reduced number of validations for each BCH transaction could increase its susceptibility to cyberattacks.
An Update Every BCH User Should Know About
In May 2023, Bitcoin Cash underwent a notable upgrade, boosting its security considerably. A key addition was the integration of smart contract capabilities, which, according to developer Jason Dreyzehner, rival Ethereum's efficiency
Good To Remember
Visit the website to learn more about Bitcoin Cash security.
Should You Prefer Bitcoin over Bitcoin Cash Online Casinos?
In my opinion, Bitcoin Cash (BCH) is a cost-effective option for online casino payments, charging less than a penny per transaction and having a capacity of 100 transactions per second.
However, its efficiency comes with potential security trade-offs due to fewer transaction validations, which could increase susceptibility to cyberattacks. If you prioritize security, I recommend Bitcoin mobile casinos as BTC remains a more secure, albeit costlier, alternative.
Page Contributors
Andreea Stanescu
Content Writer
Stefana Chele
Content Writer and iGaming Specialist
