Like other cryptocurrencies, Bitcoin Cash offers gamblers a level of privacy that they can only dream of when using fiat. When signing up on a Bitcoin Cash casino, you may not always have to upload any sensitive information or undergo KYC procedures. Additionally, some of these casinos support anonymous play.
Cryptocurrencies like Bitcoin Cash know no borders. They work on an international scope and are accepted across all kinds of platforms. Whether you are playing on your desktop or mobile device, you can use it without the need for any conversions.
On the other hand, when playing at a fiat casino, you may have to switch from your country’s currency to the ones supported on the site. This is not only inconvenient but also costly as the third parties facilitating the conversion do so for a fee.
Furthermore, playing at Bitcoin Cash casinos offers a much higher level of transparency than on fiat casinos. All transactions are publicly visible on the blockchain. In some cases too, when they offer support for provable fairness, it is possible to check whether the Bitcoin games are truly fair and random.
In addition to these general benefits, they also offer a number of unique benefits that are lacking in other crypto casinos. Consider some:
Faster Transaction Times
Bitcoin Cash casinos are associated with faster transaction times than Bitcoin. Over the years since the inception of Bitcoin, there were concerns regarding its slow transaction processing and limited scalability potential. With this in mind, a group of developers and miners launched Bitcoin Cash as a Bitcoin fork in August 2017.
Among the key adjustments that were made to this new blockchain was the expansion of block sizes. While on the original chain, the block size remained at 1 MB and the new chain initially had a capacity of 8 MB, later extending it even further.
With bigger block sizes, the confirmation process was accelerated, translating to shorter wait times for users. As a result, the original network has a low transaction speed of approximately 7 transactions per second. A block takes on average 10 minutes to get confirmed and added to the blockchain. But since the new network was a lot more scalable, block processing times were reduced to a couple of minutes.
Furthermore, Bitcoin Cash supports zero confirmation transactions. This combination of features means that players using this digital asset can also enjoy instant deposits and payouts.
Cheap Transfer Fees
Another great feature that makes the network alluring to punters has to do with low transaction fees. After all, everyone wants to avoid paying some fees and use the extra money to optimize their potential to win.
On one hand, as a cryptocurrency, Bitcoin Cash offers much cheaper transfer costs than fiat currencies. On the other hand, it is cheaper than cryptocurrencies such as Bitcoin and Ethereum for gamblers.
In comparison to fiat currencies, the use of this digital asset does not require any third parties for transaction processing. Fiat currency payments have to come from some element of the banking system, pass through a processor and then make their way to the casino. Having an intermediary to process the transaction means higher fees than when transacting directly.
In comparison to other cryptocurrencies, Bitcoin Cash still offers a better bargain. When you make a deposit using Bitcoin, a huge portion of your funds may be wiped out on fees. This is especially true when the network is jammed with pending transactions and you need to pay top dollar to get yours confirmed fast.
Bitcoin Cash casinos address this pain point in the simplest of ways. Given that block sizes are bigger than on Bitcoin, the network offers much higher scalability. Consequently, it does not experience congestion. Rather, its higher processing speeds translate to lower transaction costs. In fact, the processing costs on the network are extremely cheap and users hardly feel the impact.
Value for Money
Aside from offering significant improvements over the original network, Bitcoin Cash price remains significantly lower than that of Bitcoin. This means you do not need an entire fortune to get your hands on it. This makes it a lot more preferable for gambling than Bitcoin.
Seeing as it is one of the most popular cryptocurrencies, it is not so hard to come by either. And that makes it a convenient choice of currency for casino use.
By virtue of the fact that it is a fork of the Bitcoin blockchain, Bitcoin Cash retains the security features associated with its predecessor. Not only does it offer top-of-the-range encryption features but it also does not require users to enter any sensitive information like their credit card details.
Rather, it is fully decentralized since the entire ledger of transactions is accessible to anyone and everyone on the Bitcoin Cash network. Therefore, it is above manipulation as no single entity can change the information on all network nodes at any point.