Bitcoin is the leading cryptocurrency in the digital currency market. It recently made headlines with the launch of Bitcoin Cash, a split from the standard Bitcoin format. Bitcoin Cash is being touted as a continuation of the Bitcoin initiative and has several differences. The introduction of Bitcoin Cash will affect the online marketplace in various fronts, including online gambling. Bitcoin Cash gambling sites have now begun to surface, allowing players to deposit and gamble online with Bitcoin Cash.
Online gambling sites have encouraged the use of Bitcoin in the past due to its speedy transaction times, secure nature and lack of fees. And Bitcoin Cash takes that a step further allowing bigger blocks and faster confirmation times. This page contains pertinent information related to the new Bitcoin Cash, including what it is, how it works and its impact on the online gambling market.
Top Gambling Sites Accepting Bitcoin Cash In 2024
With your Bitcoin Cash in tow, the next step is finding Bitcoin Cash gambling sites. Our team of industry analysts have searched through the Internet to find the best available gambling sites accepting Bitcoin Cash. These sites feature a wide selection of casino games, poker and sports betting options. You will also find bonuses and promotional offerings that give users additional funds to gamble with at no additional cost to you. You can browse through the sites by clicking on the links provided in the table below.
|100% Max $3,000
|100% Max $5,000
|500% Max $5,000
|100% Max $5,000
|111% Max $500
|100% Max $100
Types Of Gambling You Can Do With BCH – Bitcoin Cash Cryptocurrency
Bitcoin Cash Casinos
While Bitcoin Cash is still new, we expect there to be a surplus of online casinos that accept the cryptocurrency method in the coming months. There are already Bitcoin-exclusive casinos on the market, so it should not take much time for them to begin accepting Bitcoin cash. We expect Bitcoin Cash Casinos to have a wide game selection, including slots, table games and video poker, among others, each of which outfitted with Provably Fair Technology. Bitcoin Cash Casinos will also have their own bonuses available to players.
Bitcoin Cash Poker
Bitcoin Cash Poker is a little more complicated than online casinos because poker sites usually run on their own proprietary software. That being said, there are still Bitcoin Poker options in the online sector. Bitcoin Cash is still in the process of being rolled out, but we are expecting Bitcoin Cash platforms to host several game variations. There will be Texas Hold’em, Omaha, Americana and other versions available. We expect Bitcoin Cash poker rooms to follow the trends of other online poker sources in having customizable settings that allow you to filter by game type, pot limit and more.
Bitcoin Cash Sports Betting
Sports betting is one of the most popular forms of gambling in the world. There are many Bitcoin sports betting websites present, but only a couple sportsbooks currently accept Bitcoin Cash. Lucky for players that the sites that have already integrated the BCC protocol into their cashier are considered leaders in the industry with excellent reputations.
Bitcoin Cash FAQs
What Is Bitcoin Cash?
Bitcoin Cash is a fork of the Bitcoin blockchain ledger. It is peer-to-peer electronic cash to be used on the Internet. Like Bitcoin, it is a decentralized currency form with no central bank or financial institution behind it. There is no third-party involvement with the currency form.
How Is Bitcoin Cash Different From Bitcoin?
Bitcoin Cash has different consensus rules that set it up for expansion and growth. Bitcoin Cash features an increased block size limit, which helps with processing transactions. Block sizes contain information for multiple transactions. The block size limit has been a point of debate for Bitcoin enthusiasts for a while, with some arguing it should be increased to account for the increase in volume. Bitcoin’s block size limit is set at 1MB, while Bitcoin Cash’s is 8MB. Analysts view a smaller limit as a problem because it could lead to the transaction log being clogged up as each transaction must wait for approval. Bitcoin Cash eases this burden with its larger block size amount.
Another difference between Bitcoin and Bitcoin Cash is replay protection. Transaction replay is an issue with the cryptocurrency where two highly similar Bitcoins could be spent on two separate blockchains, essentially meaning you could spend your Bitcoins twice. Bitcoin Cash is modeled to minimize user disruption and permits safe and peaceful coexistence of two chains—should two chains exist. In this case, it would be the legacy Bitcoin blockchain (the original) and the Bitcoin Cash blockchain. The changes regarding the blockchain only affect the miners verifying each transaction. Miners are not able to mine legacy Bitcoin transactions on the Bitcoin Cash blockchain. The new transaction type works to eliminate transaction replay.
Bitcoin Cash incorporates a new SigHash type as part of their protective measures. This new way of signing transactions helps improve wallet security by preventing them from being replayed on the legacy blockchain. This new SIGHASH_FORKID is unreadable on the legacy Bitcoin blockchain.
How To Use Bitcoin Cash
Bitcoin Cash works just like the classic Bitcoin, only its increased block size limit allows for more streamlined transactions. If you own Bitcoin, then you technically own the same value of Bitcoin Cash. You must possess a cryptocurrency-friendly wallet (there are multiple versions of this—cold storage, downloadable, online, etc.). Most cryptocurrency enthusiast recommend keeping your Bitcoin or Bitcoin Cash in cold storage when not using it as a precautionary measure. When you want to issue a transaction, simply enter in your digital wallet address and the amount of Bitcoin Cash you would like to send over. You can use Bitcoin Cash with many different online vendors, including online gambling brands that feature online casinos, poker and sports betting.
Why Was Bitcoin Cash Created?
Bitcoin Cash was created to address some of the issues presented with the legacy Bitcoin network. The block size was one of the biggest issues, as mentioned earlier, and was frequently up for debate. Bitcoin developers have not seen eye-to-eye with the original vision laid out by Bitcoin creator, Satoshi Nakamoto. A general consensus could not be reached amongst developers regarding block size, leading to the fork.
Another reason for the fork was that some vendors were beginning to stray away from Bitcoin because of its slowed transactions. Transactions were delayed because of the clogged blockchain. The only fees ever attached to Bitcoin come with transactions, with users paying fees to increase the speed of transaction verification. Delays in transaction verification led to higher fees. Bitcoin Cash’s 8MB block size cap supports more transactions and assists miners with verifying the high volume of transactions.
If I Own Bitcoin, Do I Own Bitcoin Cash?
Yes. Bitcoin Cash is a fork of the legacy blockchain ledger, meaning you own the same amount of Bitcoin Cash as you do Bitcoin. Users may have to wait for online vendors to begin accepting Bitcoin Cash before they are able to disperse their digital funds.
What Are The Benefits Of Bitcoin Cash?
Bitcoin Cash is a more evolved version of the popular cryptocurrency. Bitcoin Cash users can enjoy fast transactions that are verified within minutes. The network is reliable due to its larger block size limits. The ease of transactions means there will be no fees, or if anything, the fees will be miniscule. Bitcoin Cash’s blockchain technology is inherently secure, so users can rest assured their Bitcoins will be kept safe along with their personal and financial information. The only information stored in the blockchain is the Bitcoin Cash amount being sent and the time of the transaction. Regarding online gambling, Bitcoin Cash is beneficial in that transactions are essentially private and conducted at a high rate of speed with bigger blocks.