For a long time, Bitcoin was the de facto cryptocurrency for many people. This has since changed. While the digital currency is still very popular, its dominance has constantly been challenged by equally robust digital tokens. Bitcoin Cash (BCH) which split from Bitcoin back in 2017 is one of its key competitors.
Like Bitcoin, Bitcoin Cash has gained quite a bit of popularity and this is not just because of its name. It offers several technical advantages over Bitcoin in addition to facilitating faster transactions.
In the world of online gambling, the number of casinos that accept Bitcoin Cash has grown significantly. These include leading iGaming brands such as the ones we have compiled here.
As mentioned, Bitcoin Cash is a special kind of digital currency referred to as folk. This essentially means that it is built on the basis of another cryptocurrency which, in this case, is Bitcoin (BTC). Its creation came at a very interesting point in Bitcoin’s rise. At the time, there was an overload of the original blockchain system.
This was a bit of an eye-opener for the proponents of Bitcoin Cash. They had serious concerns about the original blockchain’s sustainability capacity. The lack of a robust scalability capacity was to blame for this. Now, this created a huge divide between the s of the system.
While one group was all for increasing the scalability of the system, another group was hellbent on retaining all the fundamental characteristics of Bitcoin. Consequently, on August 1, 2017, there was a hard fork of the system. This marked the debut of the Bitcoin Cash that we know today.
Over the years, Bitcoin Cash has moved away from the shadow of Bitcoin. It is a separate currency with its own operations and use cases. It is now a great platform for daily purchases and payments. The added transaction capacity further makes it a great option for the online gambling market where it is enjoying quite a bit of popularity at the moment.
Nothing quite comes close to the thrill of playing with real money at an online casino. Bitcoin Cash adds to that thrill by making moving funds to and from player s fairly simple even for newbies.
The players get to enjoy fast transactions speeds, reliability and, most importantly, safety.
Withdrawal speeds often vary from one casino to the next but like other digital currencies, the wait times are considerably shorter than they are with traditional payment options.
Bitcoin Cash was meant to be an improvement over Bitcoin. It has lived up to those promises pretty well but it is not perfect just like other online casino payment methods.
To help you decide whether it is the best option for you here are Bitcoin Cash’s key highlights:
| Hits | Misses |
|---|---|
| Top-notch safety and security features | Volatility – players may lose money if their BCH depreciates in value |
| Thanks to its larger capacity, BCH can process transactions very fast | BCH transactions are unreversible |
| Very low transaction fees – most are almost negligible as they are just a fraction of a penny | — |
| It is a decentralized and very stable digital currency | — |
| Some casinos offer exclusive promotions to BCH s | — |
| It offers world-class privacy features | — |
Several amazing online casinos sites allow their customers to make deposits using BCH and use that to play the games in their catalogs.
Developers have worked very hard to optimize their games for the ever-growing crypto ecosystem and Bitcoin Cash has not been left behind. Here are some of the games that can be played using the digital token:
Compared to many other payment methods, especially in the realm of crypto, the practicality of Bitcoin Cash is very hard to match. Even so, its drawbacks may be sufficient enough to make it a less suitable option for certain people. In such cases, some of the best alternatives one can consider include:
Despite its tradeoffs, there is certainly a very compelling argument for using Bitcoin Cash for online gambling. It offers all the best features of Bitcoin while being way more practical and accessible than its predecessor. Using it as a payment method is also straightforward.
To top it all off, a decent number of the top online gambling sites are already integrating it so gamers have quite a few outstanding options to choose from when it comes to finding amazing online gaming experiences.