Cryptocurrencies are now a market of over $2 trillion dollars that continues to grow on a daily basis. Due to this reason, the gambling industry has added support to different crypto assets over the last few years and Bitcoin Cash (BCH) is one of them. Despite the fact that Bitcoin (BTC) is still the largest virtual currency, there are alternative options that make it easier and faster to send and receive payments.
Bitcoin Cash has been recognized as a virtual currency that lets users send and receive payments without having to be worried about fees or transaction times. It is faster and easier to engage in different financial activities that would otherwise be more difficult.
Considering that Bitcoin Cash has been in the market for several years now, it became a largely-adopted virtual currency in the gambling industry. Its unique features, its market capitalization, and its community were able to help this project move forward.
In the next few sections, we will tell you everything you should know about Bitcoin Cash casinos and why BCH could be one of the best options for you to play at some of the most popular online cryptocurrency gambling sites. If you are used to Bitcoin, then Bitcoin Cash will have some advantages.
💡 How does Bitcoin Cash (BCH) work?
Bitcoin Cash is among the largest virtual currencies in the market. A few years ago, it was also part of the top 10 largest coins in the world. Bitcoin Cash was created as a hard fork of the Bitcoin network back in 2017 when the crypto market was in a bull trend.
There was a deep division in the community about whether to support BTC or BCH. Ultimately, Bitcoin remained as the prominent network and BCH followed behind. The main reason behind the division in the community was related to the fact that there were some discussions on how to scale Bitcoin’s network.
Bitcoin Cash supporters considered that scaling should be done on-chain. Meanwhile, Bitcoin supporters believed that scaling improvements should take place off-chain. Due to this division, BCH was created as a blockchain network with larger blocks (meaning that more transactions could be processed per block).
Therefore, when we use Bitcoin Cash, we will pay lower fees than on the Bitcoin network and transactions will be processed faster. If you already know how to use Bitcoin, then, using Bitcoin Cash should also be an easy thing to do.
👉 How to buy Bitcoin Cash?
If you want to play at online casinos using Bitcoin Cash, then you should know how to purchase this virtual currency. This is something that can be done in just a few simple steps. Over the last years, the platforms allowing users to buy and sell virtual currencies became very easy to use.
By using cryptocurrency exchanges, you will be able to buy Bitcoin Cash with fiat currencies or other crypto assets. You can use US Dollars (USD), euros (EUR), or British pounds (GBP), among others. The availability of fiat currencies will highly depend on your location.
But which cryptocurrency exchange should you start using? This would depend on a wide range of factors, including the availability in your country, the fees that you have to pay to withdraw your funds, and the additional services that these exchanges could be offering.
For example, if you want to play at online gambling sites using Bitcoin Cash, then you should make sure that the cryptocurrency exchange that you use does not have high withdrawal fees.
There are also other ways to purchase Bitcoin Cash. If you want to custody your funds, you can also do so by purchasing BCH using crypto-wallets. These wallets are simple apps that can be downloaded to your smartphone and that will let you buy virtual currencies. The positive thing about this option is that you will not have to pay withdrawal fees when you take the funds out of your wallet.
🛡️ How to properly store Bitcoin Cash?
If you have purchased Bitcoin Cash for gambling, then you should know how to protect your funds. Users that purchased Bitcoin Cash using a cryptocurrency exchange might be subject to the attack of hackers. We have seen how different exchanges lost their funds over the last years, however, they are relatively safe (at least some of the most popular ones).
By holding your virtual currencies in a cryptocurrency wallet, you will be responsible for securing your assets. In this way, you can be sure that the funds that you hold are yours. Of course, you should also know that this requires you to be responsible for how you secure your private keys.
The best way to hold Bitcoin Cash for a long period of time (especially if you hold large amounts of BCH) is by using a cryptocurrency hardware wallet. This is, by far, the safest possible way to protect your funds. Instead, if you are going to be using your BCH coins to deposit and withdraw funds from an online gambling site, then you can use a simple software wallet on your desktop or smartphone.
↔️ How do Bitcoin Cash deposits and withdrawals work?
Let’s now focus on understanding how Bitcoin Cash deposits and withdrawals at crypto casinos work. If you are used to sending and receiving Bitcoin, then you should not have problems managing Bitcoin Cash as well. These are very similar virtual currencies and the process of sending and receiving funds is the same (with just a few minor differences).
Make sure that you have selected a cryptocurrency casino that supports Bitcoin Cash. After this, you will be able to deposit BCH to this platform. Select the Bitcoin Cash deposit option and send funds to the address shared by the exchange using your cryptocurrency wallet. Make sure that you double-check the wallet address before sending your funds. Failing to copy and paste the correct wallet address could result in your funds getting lost forever.
The casino should send you a confirmation that funds have been added to your account. You should be ready to start playing using Bitcoin Cash after receiving your BCH coins.
Bitcoin Cash transactions are fast and cheap. This is why you should expect to receive your coins in just a few minutes. The fee will also be very small (in some cases, even below $0.01). Hence, BCH became one of the best options for users that want to use virtual currencies to play online casino games.
If you want to withdraw funds from the casino, you will have to request a BCH withdrawal and send your funds to your Bitcoin Cash wallet address. The funds will be sent in just minutes (if the casino does not manually verify the transactions before each withdrawal).
🎲 What games can you play with BCH?
There is a large number of games that you can play using Bitcoin Cash. The variety of games offered will largely depend on the platform that you have selected in order to play your favorite games. The vast majority of the online casinos that support virtual currencies will let you play slots, live casino games, table games, and others.
Filtering the online gambling sites that support Bitcoin Cash is always a good thing to do. This would help you have a clear idea of which are the platforms that will let you get access to your favorite games using BCH.
It is worth taking into consideration that not all online casinos that support cryptocurrencies have the same list of games. Some casinos might offer a larger number of titles than others. This is why it is always important to search for those BCH crypto gambling sites that let you play the games you like.
In some cases, you can also find some casinos or gambling platforms that will offer you a deposit bonus if you use BCH. However, welcome bonuses are becoming rarer in the industry.
🪙 What coins can be used for gambling besides BCH?
There are different coins that can be used to play at crypto casinos besides BCH. This is because online casinos that work with virtual currencies usually support many digital assets rather than just one. This is because they usually work with third-party payment processors that support different digital assets.
Bitcoin (BTC) is, by far, the most popular and accepted digital currency in the world. Nowadays, most platforms that work with virtual currencies support Bitcoin. This was the first digital currency to be released to the market and even large companies are now investing in BTC. The only issue with Bitcoin is that transfers are usually more expensive and slower than BCH or LTC.
The second-largest cryptocurrency in the market is Ethereum (ETH). This coin became an alternative to Bitcoin back in 2016 and 2017 due to the fast and cheap transactions that it offered. Nowadays, ETH is also congested due to the massive expansion of this blockchain network. Indeed, ETH is being used to pay for NFTs or execute smart contracts on different decentralized finance (DeFi) protocols.
If you want to enjoy a different experience at online casinos, then Dogecoin (DOGE) will give you this opportunity. This is the largest meme coin in the market and it became very popular thanks to Elon Musk’s tweets in recent years. This coin offers fast transactions and it has very low fees.
Tether (USDT) is a different virtual currency. Indeed, USDT is known as the largest stablecoin in the market. It is, after Bitcoin and Ethereum, the third-most valuable coin in the cryptocurrency market. Compared to Bitcoin or other virtual currencies, Tether’s price is tied to the U.S. dollar. Therefore, users should not be worried about price fluctuations that could also happen on the Bitcoin network.
If you were wondering, there are thousands of virtual currencies in the market. Many of them are currently accepted at different online gambling sites. Nonetheless, you will usually find the top 30 being accepted in most online casinos. Some other coins that you could use include XRP, TRX, SOL, and BNB, among others.
🔎 KYC in Bitcoin Cash casinos
Due to the fact that the casinos offering a large number of games require a license, they are also constrained to perform KYC checks to some users. If you are a Bitcoin Cash (BCH) casino player, you should know that most casinos are currently licensed, hence, they might conduct a Know-your-Customer verification.
Some other casinos that do not have a license, will not be required to conduct these checks. This offers an advantage to users, however, they will also have trouble offering some of the latest games in the casino industry.
If you select a casino that will conduct KYC checks, then you should be ready to share all the information that they could ask you. This information includes paperwork and private information. In some cases, you might also be required to show the source of your funds (but these are extreme cases).
Regulatory entities around the world are controlling more and more how online casinos work. The goal is to reduce money laundering activities and detect fraudulent transactions. Nowadays, this has become a standard procedure that BCH users will eventually have to pass if they are regular casino players.
There is no clear moment to pass a KYC check. This would highly depend on the casino. Some platforms will request additional data and documents when you withdraw your funds. Other platforms will require you to share additional data at any moment while playing.
If you want to avoid any confusing situation, then you should read the Terms and Conditions and understand which are the requirements of the online gambling site.
✔️ How to choose the best Bitcoin Cash casino to play?
It is always important to know that there are some checks that you can conduct to select the best Bitcoin Cash casino to play at. Some of the most important things to take into consideration include the reputation of the platform that you are using, the restricted countries, the games available and whether there are active welcome offers, among other things.
Check their reputation
Make sure to check the casino’s reputation before depositing BCH. This is extremely important and can be done using many tools available to everyone. You should try to find comments and reviews of other players at this online casino.
If you see that there are many negative reviews, then you should consider this a warning. That means that there have been several players that experienced issues while playing at this online Bitcoin Cash casino.
You want to check whether the negative reviews refer to canceled withdrawals or frozen funds. These are usually the worst comments that you can find. If that happens, you should definitely avoid these online casinos. Sending funds to these online gambling sites could result in your funds getting lost forever (as they might not activate the withdrawals).
Country check
Another thing that is worth pointing out is related to the restricted countries. Most online casinos that operate with a license will not be able to offer solutions to clients from specific countries. The list of restricted jurisdictions can be found on the Terms and Conditions of the casino that you are using.
There are some workarounds that you can do to play at these casinos, but this is not recommended. You could try using a VPN, but some casinos would not let you play if they detect that you are using a VPN. Additionally, the T&Cs of some online gambling sites would explicitly say that they don’t allow users to play from restricted jurisdictions using a VPN.
You should make sure that you read and check the T&Cs of an online casino before you deposit your funds. If you send BCH to the online gambling site and they detect that you are connecting from a restricted country, you can get your funds frozen.
Games
In this guide, we have also mentioned that you will be able to play different online casino games using Bitcoin Cash. However, not every single casino will offer you the same games. This is why, before creating an account at one of these online sites, you should check if the casino offers the games that you like the most.
This can be done in just a few seconds. You need to open the lobby of the online casino and check the list of games that they offer. Usually, the casino will publish this information under one of the menus that they have.
Another thing that you should check is related to whether the games that you want to play support Bitcoin Cash. Some of the games may support just some virtual currencies or payment methods. Therefore, check this information before creating an account.
Welcome offers
Welcome offers are also a very important thing to take into consideration when selecting an online casino to play with BCH. You will realize that some online casinos will give you some perks or free spins if you deposit funds for the first time.
In some cases, these welcome offers are very useful, especially if there are no limits or wagering requirements. Unfortunately, nowadays, most online casinos that have a welcome offer in place will also have large wagering requirements.
It would be better, in some situations, to select a casino that would not offer a welcome bonus but that has a good reputation and all the games that you want to play. It is up to you to decide whether you value some free spins or cashback than a great user experience.
Loyalty programs
Some casinos also have loyalty programs in place. This is especially useful for those players that play for large periods of time or that have a large Bitcoin Cash budget. These loyalty programs have been created to incentivize users to play. Basically, the more you play, the larger the rewards you get.
However, as it happens with everything, there are some things to take into consideration. Most loyalty programs will not give you large rewards if you don’t bet large amounts of money. In some cases, loyalty programs become attractive only if you bet more than $100,000 or $1,000,000.
Make sure that the rewards offered through the loyalty program can be easily achieved if you are not a high roller player. Otherwise, you might be stuck in the lower levels and not get any interesting reward.
Withdrawal fees
Finally, selecting an online Bitcoin Cash gambling site would require you to check whether there are withdrawal fees applied to BCH. One of the reasons that you use Bitcoin Cash is because you want to avoid Bitcoin’s large transfer fees. If the casino that you selected applies fees to your withdrawals, then you would end up erasing the benefits of using BCH.
Casinos that apply withdrawal fees are not fair with players. The casino is already making money by offering its gambling solutions to you. There is no reason for the gambling site to add an additional fee to your withdrawal. You should also check whether the casino sends transactions immediately or if you have to wait for manual approval.
👍 Pros and cons of Bitcoin Cash gambling
These are some of the pros and cons of BCH gambling.
Pros
- It is one of the fastest virtual currencies in the market
- Bitcoin Cash has lower fees than most digital currencies
- It has a large and active community
- BCH is widely accepted at online casinos
- Bitcoin Cash is also decentralized
- BCH is one of the most popular altcoins to play at online casinos
Cons
- Some of the games you like might not be available for BCH users
- Not every crypto-friendly casino support Bitcoin Cash deposits
- Casinos could also add withdrawal fees (erasing the benefits of fast and cheap BCH transactions)