Bitcoin Cash (BCH) Casinos
At today, there are more than 1,600 different cryptocurrencies listed on CoinMarketCap alone. Some of them are altcoins like Litecoin (LTC), others, such as Ethereum (ETH) and Ripple (XRP), with their own independent blockchain protocols. So, where does Bitcoin Cash (BCH) stand? Here’s some history and what you should know about playing at Bitcoin Cash online casinos. Immediately below, find a list of the best casinos where you can bet with BCH.
What is Bitcoin Cash?
Bitcoin Cash started trading in August 2017 as a hard fork or split based on the Bitcoin protocol. The reason for that was BTC’s scalability issues, which BCH aims to solve by increasing the size of blocks, allowing more transactions to be processed, from 1MB to 8MB.
That made transactions not only much quicker but allegedly up to 99.56% cheaper than the equivalent transaction on the original Bitcoin network. While this has posed to be an issue by increasing mining fees and risking the power being concentrated in the hands of a few, BCH has had a good rally and has reached a peak height of just above $4,000. At the moment, the coin is traded at around $800-900 and has one of the biggest market capitalisations.
Gambling with Bitcoin Cash
Like Ethereum, using Bitcoin Cash to play at online casinos is becoming more popular. Especially that Bitcoin has now paved the way and has proven to be a viable alternative for many players.
The most common way to play using BCH is to make a deposit as you would with fiat currency. It’ll then be exchanged into USD, EUR or another fiat currency at the operator’s discretion for the games to work as normal.
Other casinos, like the ones powered by Bgaming (SoftSwiss), also let you play directly using the crypto. Doing so also allows to considerably increase the minimum stake limit and eliminate the need for sharing sensitive payment info at an expense of volatility of the coin. By eliminating any third parties, transactions using cryptocurrency like BCH, both in and out, are also much quicker and often without any additional cost to the player as well.
On the other hand, the lack of a solid license from the more reputable authorities and jurisdictions may not outweigh the benefits for some. This could be a passing problem, however, as we’ve seen regulated casinos like Vera&John giving it a shot already a while ago.
Bitcoin Cash Casinos and where to find them
While the fate of BCH is debatable like most cryptos, the market cap and larger acceptance of Bitcoin Cash has given online casinos a reason to add it to their cashier as a payment method next to Bitcoin, Ethereum, Litecoin, Dogecoin, Monero and Dash.
So, if it's the added layer of anonymity that you're after or the lack of fuss with banking, then Bitcoin Cash seems to be a solid alternative to common payment methods as well as the more flagship coins.