Over its years, Bitcoin has suffered from major transaction backlogs due to its 1 megabyte block size limit. It is not uncommon for a transaction on the Bitcoin network to take hours or even days to be processed. This major bottleneck was eased with the advent of Bitcoin Cash (BCH) in August 2017, which launched a new chain that increased the limit from 1mb to 8mb (and now 32mb). On top of this, Bitcoin Cash enabled the use of “zero confirmation” transactions, allowing casinos to accept deposits or send withdrawals instantly.
Due to the greater capacity of Bitcoin Cash, there is no “transaction fee market” where users compete with one another to have their transaction included in a block. This means that a player depositing at a casino can do so with a transaction fee of just a few cents as opposed to what can sometimes be several dollars when using Bitcoin.
A number of casinos have now enabled Bitcoin Cash as a banking method. Our list of the best Bitcoin Cash casinos can be found on this page and we will update this list as and when new BCH casinos enter the market.
Betting With Bitcoin Cash
Unlike Ethereum smart contract betting or entirely anonymous gambling with cryptocurrencies like Monero; Bitcoin Cash doesn’t offer anything particularly unique. The reason that someone may wish to bet with Bitcoin Cash comes down to a few key areas:
This aspect will matter more to those wishing to bet at low and micro-stakes. Users can deposit just a couple of dollars at a casino without having an enormous portion of their funds wiped out by transaction fees. In the case of Bitcoin, a casino deposit of less than $20 is typically non-viable as the fee can be in excess of $5.
If you want to play at a casino now, then making a deposit with Bitcoin Cash would be faster than using Bitcoin. However, if the speed of deposit is your primary concern, then Ethereum, DASH or Ripple are typically even faster than BCH.
Many Bitcoin users have moved to Bitcoin Cash as a protest against the censorship and control that the Bitcoin Core team and their affiliates have placed on the market. That said, Bitcoin Cash also faces similar issues whereby a handful of extremely wealthy individuals control enormous power over the market.
Ultimately the use of Bitcoin Cash for betting is a personal preference based on speed, cost and security. Other players may be interested in Bitcoin casinos due to their reputation and the currency’s strong security. There are good arguments for using a huge range of cryptocurrencies for betting, from Bitcoin all the way through to Ethereum Classic and even Dogecoin.
Bitcoin Cash Bonuses
As with any good cryptocurrency casino, bonuses are typically on offer for new players. We regularly work with partners to provide exclusive bonuses to our visitors and these bonuses come in all manner of formats. The most popular Bitcoin Cash bonus is the deposit bonus – a bonus that sees your deposit multiplied by a certain percentage, usually 100% or even sometimes as high as 200%. Other bonuses include the likes of free spins, cashback and the highly sought-after “no deposit” bonus. A list of the very best Bitcoin Cash bonuses can be found below.