In honor of Calvin Ayre being so heavily involved in BCH, we thought we would start with this section. Sports betting is continuing to grow in popularity, and now with the chance to use cryptocurrencies like Bitcoin Cash at sports betting sites, we will see even more growth in the space.
Top Rated Bitcoin Cash Sites of 2019
The cryptocurrency market is growing at a rapid rate, so you shouldn't be too concerned if you feel a bit overwhelmed by all the information thrown at you these days. Between Bitcoin, Litecoin, Ethereum, and every other new blockchain-based currency joining the fray, it is hard to stay on top of it all.
We are here to help you wade through the clutter of information to understand cryptocurrency at its root and how it is a great way to manage payments with online gambling sites. Whether you like to play poker, bet on sports, or play your favorite casino games online, these new currencies are meant to help you get money to and from a site. This page is focused on Bitcoin Cash, which is a form of cryptocurrency that has recently launched and is now challenging other currencies to be the leader in the payment space.
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There is a lot of detail that we could go into, but for the purposes of this page, we are going to keep it as simple as we can. Bitcoin Cash (BCH) is being added to many gambling websites as a payment option, so we want you to know the following:
The Best Sites That Accept Bitcoin Cash
Bitcoin Cash is a newer currency compared to many of the other cryptocurrencies you can find on the market today. As a result, there are fewer sites that accept it than traditional Bitcoin (BTC). Our team of experts examines all the payment methods available at every site we review, and we are constantly on the hunt for sites that are integrating BCH into the fold. We have highlighted some of our favorites above, but if you want to read even more of our reviews, we definitely recommend you check out the reviews section of our site.
What Is Bitcoin Cash?
There is a lot of confusion out in the market about Bitcoin and Bitcoin Cash. Let's try to clear a few things up here for you. Bitcoin has been around for almost a decade and was the first cryptocurrency to come from new, decentralized blockchain technology. However, over the years, Bitcoin transactions have become slower and more expensive, causing many within the community to . To make a long story short, in August of 2017, a group of developers created a hard fork, or split, in the open-source platform, creating a new cryptocurrency that would be able to process transactions faster and cheaper than its predecessor. That currency is called Bitcoin Cash (BCH for short).
You can find even more .
How to Buy BTC and Use It for Depositing at a Casino Site Online
Now that you have a little more clarity on the background of BCH, let's talk about how you get some so that you can use it for your favorite gambling sites. It is a relatively pain-free process, but we want to walk you through it so that there is no confusion.
- Open a cryptocurrency wallet
- Enter your banking information
- Locate and purchase Bitcoin Cash
- Find sites that accept BCH as payment
- Connect your gaming wallet with your crypto wallet
- Play your favorite games!
This may have sounded like science fiction only a few short years ago - open a digital wallet to buy a digital currency that you will never see in real life, and then use it to play digital games on your phone or computer. Well, these days, it is easier than ever, with dozens of available wallets for use. Bitcoin Cash has many that they recommend, including:
All of these wallets are relatively similar in structure, and if they are listed on the Bitcoin Cash website, then you should feel comfortable using them.
Okay, great, you have chosen a wallet provider. The next thing you have to do is attach some personal information to your account. Remember, the majority of your transactions from here on out will be encrypted, but there needs to be a place where you connect the traditional currency world to your digital wallet. Here, you can choose to fund your wallet with a credit card, debit card, or other forms of payment. You should be aware that using a credit card may limit the amount of BCH you can purchase at one time.
Once your account is funded, you can get to making your purchase! The crypto wallets are all set up like any investment site. There is an exchange on which you can search for BCH, and there you will see the current value of the currency. From there, you can simply select how much you want to purchase, and you will see that amount listed in your wallet. Congratulations, you now own some BCH!
We have already discussed that our reviews come with a comprehensive look at all the ways you can make payments at one of these gambling sites. You can also choose to use one of the sites that we have recommended above, or you can go ahead and do your own research. We suggest you still read our reviews just to get a sense of what we look for when reviewing and recommending any online gaming site.
When you find a site that is to your liking, then you can create an account and head to the cashier section. There, you will find a link to BCH as a payment method, and when you click on that link, a new window will likely appear where you can enter your crypto wallet information. It will only take a few short clicks to make the transfer, and within a few minutes, you will have money in your account! From there, you are able to play games the same as you would with any traditional currency.
Pros and Cons
One of the main reasons these cryptocurrencies were conceived in the first place was to find a way to truly encrypt and protect personal information when sending payments across the world via the internet. BCH is very secure, and your account is designed to be impossible to hack.Speed
As we discussed, the reason for the split from the original Bitcoin blockchain was to increase the size of each block, which in turn would make all the transactions faster to perform.Betting Limits
Because the site knows you can't simply lose and then call your credit card company claiming fraud, it feels more comfortable letting you bet higher amounts if you have made your deposit with BCH.Lower Fees
Online gaming sites are paying up to 15% in processing fees for credit cards, so it is in their best interests (and therefore yours) to recommend you use currency like BCH for your transactions. This way, you will be charged less (if anything at all) for your withdrawals.Better Offers
We have seen consistently better bonuses offered to players who use cryptocurrency to make deposits, and we see no reason why this won't continue.
BCH, along with the rest of the cryptocurrencies, is traded as a commodity, and as a result, there have been some major swings in the value of BCH over the last year. This means that your currency could be at risk of losing value regardless of how you are doing at the tables.Recency
BCH is a new currency, and as a result, there are still major debates about its longevity. One of the proponents of BCH happens to be online gambling legend , so that is comforting for many of us in the online gambling industry.Site Availability
As BCH is still a newer currency, it is taking some time to have it adopted by the majority of online gambling sites. We expect the number to grow, but today, you will need to do your research to find all the sites that offer BCH as a payment option.
Bitcoin Cash Casino Site Onlines
It's time to shift gears from the mechanics and history of Bitcoin Cash and look at what types of sites you can use the cryptocurrency at for your deposits and withdrawals. There are many different verticals, so we thought we would break them down for you on a few different pages.
BCH Sports Betting Sites
BCH Casino Sites
Casino games have been popular online for over 20 years, but the introduction of BCH casino sites open games to a new group of potential gamblers. There are some sites that allow you to play in the crypto you used for the deposit, so there is no fluctuation in exchange rates when you convert back and forth while playing.
BCH Esports Sites
If you haven't heard of esports, we suspect you have been living in a cave for the last few years. These events, which pit professional video gamers against one another with large sums of money on the line, have become a great betting option for a younger demographic. This is also the group who is the early adopters of cryptocurrency, so it is a perfect match.
BCH Poker Sites
Despite the challenges the online poker industry has faced in the United States, it continues to be a very popular game around the world. In fact, some of the earliest crypto-based gambling sites were poker sites. You can jump into your favorite cash game or play in massive multiplayer tournaments using BCH as your payment method of choice.
What's Next for BCH?
It will be interesting to watch what the future holds for Bitcoin Cash. As it shared a platform with BTC, one would have to assume that at some point there will be a battle between the two. For now, we are very pleased that BCH is a fast, safe option for making deposits at online gambling sites, and we have no doubt that this is only the tip of the iceberg when it comes to this cryptocurrency. If Calvin Ayre has his way, every gaming site will be offering Bitcoin Cash as soon as possible!