About Bitcoin Cash

In 2017, the hard fork of Bitcoin gave rise to a spin-off coin of the world's most popular cryptocurrency. As a result, Bitcoin Cash (BCH) changed the way Bitcoin transactions are processed.

The novel cryptocurrency introduced a more efficient online payment solution, thanks to faster processing times and lower fees. All that led it to become a more convenient coin for casino deposits and withdrawals.

Main Reasons for Using BCH for Casino Transactions

Using Bitcoin Cash for casino payments has many benefits, the main one being its faster processing than BTC. Additionally, it has a few advantages over other methods and cryptocurrencies as well, so here's why you should consider BCH for funding your bankroll:

• Very fast transactions: Bitcoin Cash has a very fast processing rate as its payments go through a larger block, which allows 100 transactions per second. For comparison, Bitcoin's processing rate is seven transactions per second. In most cases, it only takes a few moments for payment confirmation with BCH.
• Low processing fees: Another major benefit of using this method is the lower processing fees. To be precise, you'll only be looking at around $0.2 per transaction, which is way less than what you'd pay in BTC fees.
• Wider accessibility: As an altcoin of BTC, Bitcoin Cash is accepted on almost every major casino platform, including offshore and decentralized casino sites.
• Increased privacy: It shouldn't be overlooked that BCH also provides you with better privacy than fiat payment options like credit cards or even digital wallets. Most crypto casinos don't keep any personal logs of players, and they don't require you to complete any KYC procedures while joining.
• More convenient bonus offers: Last but not least, crypto casinos are usually way more generous with bonus offers than their conventional counterparts. So, you'll most likely be looking at a juicy sign-up offer when depositing in BCH.

How Do BCH Deposits Work?

Making a BCH casino deposit is rather easy - you just need a crypto wallet and a visit to the exchange to swap fiat or other cryptocurrencies for Bitcoin Cash. Here's an overview of the main steps:

• Join a BCH casino. First things first, you'll need to find a suitable BCH casino and create an account. To do that, you simply have to click on the Sign Up or Register button on the main page and follow the registration procedure.
• Acquire Bitcoin Cash. Up next, you'll need to get some BCH tokens to deposit. If you don't already have some in your wallet, just visit a crypto exchange like Kraken or Binance and swap USD for it.
• Visit the Cashier and scan the wallet code. Once you've got some BCH in your wallet's balance, visit the casino site, log in to your account, and head over to the Cashier section. Once there, click on the Deposit button, select BCH, and scan the QR code with your crypto wallet app. Alternatively, you can just copy the code.
• Enter the deposit amount. After you scan the code or copy the link into your wallet app, you'll be able to access your BCH balance and enter your preferred deposit amount.
• Authorize the payment. That's it; from there, you just need to follow up on the transaction status in your wallet app or on the casino site and wait for the balance update.

How Do BCH Withdrawals Work?

Once you hit your initial wins at a BCH casino, you'll need to know how to collect your winnings. The steps are usually the same on most platforms, so here's what you'll need to do:

1. Log in and visit the Withdrawal section. The first thing you need to do is visit the Cashier again and hit Withdrawal.
2. Select BCH as your withdrawal method. From there, you should be able to select BCH as your preferred coin.
3. Copy your wallet's address. Moving on, you'll need to copy the code from your wallet app into the designated section on the site to confirm.
4. Enter the withdrawal amount. Make sure to check the site's minimum cashout limits and T&Cs and enter the appropriate amount.
5. Authorize the payment. To finalize your withdrawal, just confirm the transaction and track your wallet's balance.

BCH Fees and Limits

Every crypto transaction requires you to pay gas fees, and the same goes for BCH payments. You'll be required to pay a small amount (usually around $0.2 per transaction) for processing. This is the usual rate for BCH, which is much lower than that for BTC.

The potential fees also depend on network activity, but you can expect them to be from $0.005 to $0.2 in most cases. As for the limits, some sites don't even impose any, and there's no set amount specified for BCH transactions.

Pros and Cons of BCH for Casino Transactions

Before we wrap things up, here's an objective overview of the main benefits and drawbacks of Bitcoin Cash for casino payments:

Плюсы:

• Extremely fast transactions
• Low and convenient fees
• Flexible limits for all types of players
• Increased privacy and anonymous gaming
• Juicier bonuses and promotions

Конс:

• Not available on all crypto casinos
• Potential regulatory issues in the US

Bitcoin Cash Alternatives in Crypto Casinos

Considering the speed and cost of Bitcoin Cash transactions, there are few alternatives that can rival it in those aspects. For comparison, BTC has higher fees and much slower transactions. But, if you're looking for some alternatives with similar processing speed and convenient fees, you can settle for one of these coins:

• Litecoin (LTC)
• Tether (USDT)
• Ethereum (ETH)

Litecoin also has lightning-fast transactions, whereas USDT has higher convenience as it is pegged to the US dollar and allows simpler bankroll tracking. Meanwhile, Ethereum is the most widely accepted cryptocurrency for casino payments, in addition to BTC.