You’ve definitely heard of Bitcoin, whether it’s on the news or from your investor friends. But have you heard of Bitcoin Cash?
It’s a relatively young cryptocurrency, but it’s already gained popularity among the online gambling community. If you’re looking for safe, fast, and simple method to deposit funds at your favorite real money online casinos, then Bitcoin Cash (BCH) is a great option. Check out our recommendations for the best Bitcoin Cash online casinos below.
In this article, we’ll discuss how Bitcoin Cash works, how to purchase some, and, of course, more about the best online casinos for Bitcoin Cash deposits.
What Is Bitcoin Cash?
Bitcoin Cash is a form of digital currency or “cryptocurrency” that was released in 2017 as an improved and updated version of Bitcoin.
The developers and founders of Bitcoin Cash were frustrated by the extremely slow processing times for transactions on the Bitcoin network, so they decided to create a new cryptocurrency based on blockchain technology but with much faster block rates.
One major benefit of Bitcoin Cash is that it has the ability to handle up to 60 transactions per second— over seven times more than the seven-per-second rate for credit card networks. This makes it ideal for online gambling because players will not have to wait hours for their bets, wagers, raffles, etc. to be processed. In addition, fees are low compared to traditional payment methods like Visa or PayPal, which make Bitcoin Cash an attractive option for casinos and their players.
Bitcoin Cash vs. Bitcoin
The main benefit of using Bitcoin Cash over regular Bitcoin is that transactions are processed much faster—in about 10 minutes compared to the one-hour wait time for regular Bitcoin.
Bitcoin Cash has several other advantages as well: transactions are more anonymous (but still user-authenticated), fees are low or nonexistent, you can purchase fractions of a BCH rather than having to buy it in whole numbers, etc.
In addition, the Bitcoin Cash blockchain software has been upgraded from 32 MB to a whopping 128MB, which allows it to handle up to 60 transactions per second.
Why Use Bitcoin Cash for Online Gambling?
Using Bitcoin Cash is attractive for online casinos because it offers a cheap, fast, and secure payment method for their players. Since there are no fees when sending BCH between users, gambling establishments can pass the savings on to their customers in the form of bigger bonuses or lower wagering requirements before cashing out winnings.
And that anonymity thing we mentioned earlier? Well, that’s a big draw for online gamblers, too. They like having the security to protect their transactions and the ability to put as little of their information on the internet as possible. In the post-Cambridge Analytica world, more and more people are turning to anonymous forms of payment like cryptocurrency.
Top Real Money Online Casinos Accepting Bitcoin Cash
Most real money online casinos that accept Bitcoin also accept Bitcoin Cash. If that’s the case, you should choose Bitcoin Cash as your deposit method every time.
The following casinos offer some of the best rewards in the industry for crypto deposits. Coupled with their great customer service and game selection, they make gambling online a breeze.
Bovada
For US players looking for a selection of table games with the benefits of great crypto bonuses, Bovada is a solid option.
They offer tons of table games that might be hard to find at other casinos, like Teen Patti or Vegas Three-Card Rummy. Not to mention, there’s a wide selection of slot games!
Bovada is one of the best online casinos for live dealer games as well, with multiple blackjack tables that operate 24/7.
To learn more about what makes Bovada a great online gambling site, check out our full review.
BetUS
BetUS is another of those casinos that’s been kicking it for a long time. As such, they’ve developed both a solid online casino and a great online sportsbook.
Out of all of the casinos we recommend here, BetUS is one of the best places to play blackjack. They have over a dozen different variations of blackjack, plus live dealer games.
BetUS gladly accepts cryptocurrency deposits, in fact, they love them! First-time crypto deposits get a 250% match up to $5,000; this includes deposits with Bitcoin Cash.
Comparing Bitcoin Cash Casinos
Online Casino | Accepts Bitcoin Cash? | Deposit Bonus | Crypto Bonus | License |
---|---|---|---|---|
BetUS Casino | Yes | 150% (non-crypto) | 250% (first deposit with any crypto) | Curacao Gaming Authority |
Bovada Casino | Yes | 100% (non-crypto) | 125% (first deposit with Bitcoin) | Kahnawake Gaming Commission |
How to Purchase Bitcoin Cash and Deposit at Online Casinos
The process for converting your cash into Bitcoin Cash or vice versa is very simple. You can buy BCH on reputable cryptocurrency exchanges like Gemini, GDAX, and Coinbase.
Or if you already own some kind of crypto, you can trade it for BCH using services like Changelly and Shapeshift. Once you have BCH, you just need to send it to the wallet of one of the gambling sites that takes BCH deposits.
Here’s a quick step-by-step guide to help you get started from scratch:
Step 1: Sign up for a crypto exchange. You’ll need verification documents like your state ID or driver’s license, social security number, and proof of address. Verification usually takes up to 24 hours, but if you’ve been waiting to be verified for more than a few days, reach out to the exchange’s customer support team.
Step 2: Complete your profile. This means providing personal information, bank account details, etc.
Step 3: Buy some cryptocurrency. Once you’ve deposited money into your account, find the “buy/sell” section of your exchange and purchase Bitcoin Cash. Crypto exchanges usually charge a small fee for using their platform to make crypto purchases.
Step 4: Transfer to an online casino that accepts BCH deposits. All you need now is the deposit address provided by the gambling website—which will be unique to that specific casino—plus the amount you’d like to deposit in BCH (the same as if you were depositing BTC).
Once you’ve sent it over, just wait until your cashier reflects the deposit in your account so you can start betting with Bitcoin Cash!
Step 5: Repeat the process if you’d like to cash out your winnings. You’ll need to send any cryptocurrency back over to the exchange, wait for it to clear, then withdraw the cash via bank transfer or PayPal.
Other Crypto Gambling Deposit Options
Online Bitcoin CasinosBitcoin is the most widely accepted crypto among online casinos and gambling sites. |
Best Ethereum Online CasinosEthereum continues to gain in popularity and is faster and more eco-friendly than Bitcoin. |
Ripple Gambling SitesRipple is quickly becoming one of the most popular cryptocurrency deposit methods. |
Bitcoin Cash FAQ
We really hope that we have answered the majority of your questions about gambling online using Bitcoin Cash. If you still have unanswered questions check out the FAQ below or message us through our contact page.
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Do All Bitcoin Casinos Accept Bitcoin Cash?
Unfortunately, no. Some online casinos will accept Bitcoin over Bitcoin Cash, but as more people realize the power of BCH, there will likely be more casinos adopting the currency.
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What Are the Transaction Fees for Bitcoin Cash?
While Bitcoin fees often fluctuate, Bitcoin Cash fees have never risen above $1. In fact, since its creation, the fee for Bitcoin Cash transactions has dropped significantly. It’s sitting at about $0.003 per transaction now.
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Is It Good to Keep My Winnings as BCH?
In all honesty, not really. Any crypto investor will tell you that you stand a better chance of increasing your profits with Bitcoin over Bitcoin Cash. That being said, if you withdraw your winnings as BCH, you can use your crypto exchange to purchase BTC and store them in your wallet. BCH peaked at about $4,000 per coin in 2017, and now it’s around $570 a coin. Long story short, if you want to stash your online casino winnings as a crypto, BCH isn’t your best option.
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Are There Sports Betting Sites That Accept Bitcoin Cash?
Yes! There are plenty of good options for Bitcoin Cash betting sites. In our opinion the best and most reputable option is BetUS. They offer many sports to choose from with an excellent welcome bonus of 200% up to $2,500 when you deposit with Bitcoin Cash.
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Are Bitcoin Cash Casino Deposits Safe?
Bitcoin Cash deposits are very safe and easy to use. Bitcoin Cash does differ from Bitcoin in the sense that it does use a larger block size, but even so, with the blockchain technology being used, the transactions are very secure.