Facts About Bitcoin Cash Casinos
Bitcoin was launched in 2009, and since then, it has remained one of the world’s most popular cryptocurrencies. Over the years, Bitcoin has been the basis for many cryptocurrencies, and its value has been in contention. In the last couple of years, Bitcoin has seen a significant rise in value, making it one of the most valuable assets to own. However, it is expensive for newbies to jump in and invest. As a result, many altcoins were created, among them is Bitcoin Cash. This direct altcoin acts as a spin-off to Bitcoin and continues to provide an avenue for new investors to get into the game. Over the years, its popularity has grown, and more people have begun to choose it as their preferred crypto to own.
History and Overview
Since 2009 after Bitcoin was created, users have maintained standard rules. However, in 2017, Bitcoin miners discovered a software upgrade. The upgrade was referred to as Bitcoin Improvement Proposal 91. As a result, the Segregated Witness (a name used for an initiated soft fork change in the Bitcoin transaction format) upgrade would trigger at block 477,120. The SegWit will enable second-layer solutions on Bitcoin, like Lightning Network, which created a difference of opinion between Bitcoin users as different factions were made over the running of nodes.
One faction wanted to keep the blocks small so the nodes would operate with fewer resources. On the other hand, others supported large blocks because nodes might only be run by private companies, non-profits, and universities. Some Bitcoin activists, miners, and developers weren’t happy with the proposed SegWit improvement plans, which could potentially increase the capacity of Bitcoin. As a result, these stakeholders proposed alternative plans that might increase the block size limit to 8MB using a hard fork. The supporters of this block size improvement were committed to providing an on-chain medium of exchange function.
This commitment led to the June 2017’s creation of Bitcoin Cash. The hardware manufacturer, Bitmain, described it as a contingency plan if the community decide to fork enforcing SegWit. At first, the software was proposed under the Bitcoin ABC name. However, in July 2017, Roger Ver and others felt that adopting BIP 91 favoured people looking to treat Bitcoin as a digital investment instead of a transactional currency. Eventually, the fork used to create Bitcoin Cash became effective on the 1st of August 2017. The technology was compared to Microsoft Word by a Hong Kong newspaper, saying it generates documents that can no longer be opened through older versions.
Trading and Usage
Bitcoin Cash trades using the BCH currency code and is available on digital currency exchanges. After the altcoin was created, it had a few bumpy periods. For instance, in 2018, a renowned crypto exchange platform, OKEx, removed all Bitcoin Cash trading pairs, only leaving BCH/ETH, BCH/USDT, and BCH/BTC because of inadequate liquidity. Despite these bumpy periods, the coin began to experience some growth in popularity, and by August 2018, Bitcoin Cash payments became supported by various payment service providers, making it more popular.
Concept and Technology
The similarities between Bitcoin Cash and Bitcoin are plenty. They both use proof of work and rely on Blockchain technology. In addition, the base algorithm for both technologies is the same. So, there isn’t much to separate both technologies. However, they do have some different concepts. Bitcoin is the original, while BCH is the alternative. As a result, investors can use BCH as an asset to hold instead of being a transactional currency like Bitcoin. Also, the division would not affect the trends in the market for Bitcoin.
Controversies
The controversies date back to before the coin was created. The factions created during the debates have caused some friction in the technology, stunting the growth. One side of the faction believes Bitcoin Cash is a scam that shouldn’t exist. Meanwhile, BCH loyalists believe the technology is the pure form of Bitcoin. These controversies are not going anywhere, and we might have a long debate in the future because most of it stems from hurt feelings and bruised egos. As a result, we don’t think perspectives will change soon.
Deposits & Withdrawals in Bitcoin Cash Casino Sites
Bitcoin Cash deposits are straightforward as long as you understand the processes involved. But, if you are new and don’t know anything about crypto, you might be confused about what to do next, and the worse can happen because transactions are irreversible, and you’ll lose your money.
Before using Bitcoin Cash, you should learn how crypto works and its underlying technology. Once you do that, you can easily transact with Bitcoin Cash and deposit money into your account. In addition, the online gambling industry is now advanced, and players can enjoy different welcome bonus offers.
Aside from depositing with this technology, you can also withdraw money using BCH. However, you might want first to win a substantial payout and gather enough money in your bankroll. The good news is once you understand how Bitcoin Cash casinos work, you can easily withdraw money. Follow the steps below whenever you plan to withdraw using Bitcoin Cash.
- Go to the withdrawal page
- Choose Bitcoin Cash from the withdrawal methods list
- Enter the amount you want to cash out
- Provide your wallet address
- Ensure the address is accurate
- Provide the address in the right field
- Confirm the withdrawal request
Once you understand the steps above, you shouldn’t have issues withdrawing funds from the casino. Fortunately, you can repeat the process multiple times whenever you have enough money you want to cash out.
Payout Times & Fees in Bitcoin Cash Casinos
Since Bitcoin Cash was built on Bitcoin, BCH transactions follow the same modern innovations that make the technology less expensive. As a result, players don’t have to worry about paying a transaction fee when they decide to use deposit and withdraw at most online casinos that accept BCH. In that case, you can get things done easily.
Fortunately, most Bitcoin Cash casinos have processes that allow easy transactions with the cryptocurrency. Another exciting thing about this technology is that the transactions are instant. They don’t take too long to be completed. So, if you want to deposit or withdraw instantly, you should try Bitcoin Cash.
Transacting with fiat currencies can take between a few hours to a couple of days. But with BCH, you will enjoy faster transactions. In addition, most casinos don’t have limits when you go with Bitcoin Cash payouts and deposits. With that, you can enjoy your gambling journey without stress.
Everything About Bitcoin Cash Casino Bonuses
You are in for an amazing ride when you play at an online casino with cryptocurrency payment methods such as Bitcoin Cash. Over the years, many things have changed in the online gambling industry, with the competition increasing and casinos looking to stay relevant among their peers.
Most new casinos bring something unique to the community, and the old sites must keep up if they want to stay at the top of the pile. As a result, most casinos change their working system and try to maintain a strong system that can absorb any new trend and offer its players, making the existing players stay and attracting fresh ones.
One of the many ways these casinos stay in the competition is that they offer different bonuses. So, whenever you play online, you will most likely enjoy access to a wide range of exciting bonuses to make your casino gaming experience smoother. The good thing is that these bonuses come in different forms. To give you a more detailed view of Bitcoin Cash casino bonuses, we’ve explained the popular bonus offers you’ll likely encounter.
No-Deposit Bonuses
Before you start playing your favourite online casino game for real money, you must create an account and deposit in most cases. However, it is different at some casinos where you can deposit Bitcoin Cash. At these BCH casinos, you can claim a no-deposit bonus offer once you complete your account registration and provide a bonus code or follow the instructions provided by the casino.
These no-deposit offers are usually reserved for newbies looking to explore the online casino site. Before you get started, you might want to check the BCH casino site to see the welcome bonuses the casino offers and if there are other promotions. You can check if the promotional offers include no-deposit bonuses. In that case, you will know if you must provide promo codes and the terms you must fulfil to get the bonus.
- No-Deposit Welcome Bonus: In most cases, the no-deposit offer you will get will be part of the welcome bonus package. As a result, only newbies can claim the bonus. The instructions for claiming the offer vary based on the casino you join. You may or may not need to provide a bonus code.
- No-Deposit Reload Offer: This type of no-deposit offer is rare. Most casinos don’t offer active players no-deposit bonuses. But if you can find a gem that does, you might want to try it out. However, it would be best to be wary of the bonus terms. Ensure you check to see if they are not too stringent.
If you’re lucky enough, the no-deposit offer will be enough to win a substantial payout, even before you deposit real money. In that case, you can easily withdraw your funds using BCH and send them to your Bitcoin Cash wallet.
Deposit Bonuses
Depositing Bitcoin Cash at most casinos that accept the payment method comes with an exciting incentive. You can claim various deposit bonuses at the casino. These offers vary based on the casino you decide to join. The good thing is that some of them are recurring. So, the more you play, the better your chances of winning a substantial payout.
The deposit bonus offers you’ll enjoy most times start from your first deposit. So, when you complete your account registration and deposit, you can claim the welcome bonuses, depending on the package available and the instructions. In this case, you might need to make a minimum deposit before you can get the offer.
At most Bitcoin Cash casinos, there are different popular deposit bonuses available. These offers vary; if you join the right casino, you might enjoy one or more bonuses.
- Welcome Bonus: You can claim a welcome bonus offer at most casinos, whether depositing with fiat currency or crypto. So, when you buy Bitcoin Cash and use it to fund your account, you can enjoy a welcome bonus package that will help make your gambling experience better. Some casinos also have exclusive BCH welcome bonuses.
- Reload Bonus: After you’ve enjoyed the welcome bonuses, some casinos offer additional bonuses you can claim when you deposit. So, depending on your level, you can enjoy various reload bonuses as you continue playing. The more money you deposit and risk, the more your chances of enjoying a massive offer.
- Sticky: Some deposit offers you will enjoy at these casinos are sticky, so whenever you want to fulfil the wagering requirement, you must also wager your deposit amount. However, these bonuses are almost always enticing.
- Non-Sticky Bonuses: The non-sticky bonuses are different from the sticky offers because, in this case, you don’t need to wager the money you deposited to fulfil the wagering requirement. The only problem is that they are relatively lesser than sticky bonus offers.
Free Spins
If you’re a slot fan, playing at online casinos will have you enjoying your gambling experience because most casinos have a wide range of slot games available. Most BCH casinos will let you start your slot gaming journey by claiming free spins. These free spins can come as part of the welcome bonus package or as a reload offer. Additionally, it might be a stand-alone recurring bonus, depending on the casino you’ve selected. So, you might want to check out the free spin offers available.
Free spins are a perfect way to kickstart your gambling journey. In this case, you might want to explore the different options. So, take your chances by checking out the terms, especially the wagering requirements and max bets. Also, you should confirm if the casino you want to join has specific games you must play to enjoy the offer.
Cashback Offers
Playing online is tricky. You need luck if you want to claim a substantial payout. Although different concepts tell players what they might get when they play some BCH casino games, they are mostly theoretical and don’t reflect how the game will perform when you start playing for real money.
In that case, when you spin the reels on slot games or play other games, you can’t tell the outcome because everything is random. Many casinos understand that losing is part of the game, and players might lose money whenever they try their luck. So, these casinos try to provide a cushion for these losses.
As a result, when you play and lose money, you can get a percentage back as cashback from the casino. Although you won’t get everything, you can recoup what you’ve lost by trying again. You can always win more if you’re lucky. And the good thing is that you’re not risking your bankroll in this case.
Other Casino Bonuses
Some casino sites don’t stop at the popular bonuses we’ve mentioned. They take it further to ensure players have enough bonuses to enjoy. When you join these casinos to play Bitcoin Cash games, you can try your hands on these bonuses and improve your chances of getting a substantial payout and enjoying your gambling experience.
- Drops & Wins: At some casinos, when you start playing, and after claiming the welcome bonus and depositing more money, you can participate in competitions like the drops and wins promotion. In this case, you might have to play a specific casino game or follow one or more specified software providers.
- VIP Programs: Some casinos also organise VIP programs for loyal players where they can gain points for performing and completing tasks. These points can be redeemed into real money, which they can use to play more casino games or withdraw into Bitcoin Cash wallet. Players can also level up to win more points and enjoy more rewards.
- Seasonal Tournaments: When you play at some casinos, you can also explore different tournaments based on seasons. So, for instance, you might get a Christmas tournament during December where you can win cash prizes and other exciting rewards. What you will get depends on the casino. And the more you play, the more you can get.
- Affiliate Programs: You can also participate in some casinos’ affiliate programs when you bring more people to the fray. In this case, you will have a link once you create an account, and you can use it to invite people to join. Once people join with your link, you can receive Bitcoin Cash tokens, which you can use to try your luck.
Instant transactions without restrictions
Transactions are irreversible
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Instant transactions
Bitcoin Cash is still being debated