Bitcoin Cash Gambling for Online Casinos
Not many people have a proper orientation about dealing with cryptocurrencies while gambling. This is one reason we have decided to enlighten people interested and ready to plunge into new waters. The main idea of discussion here is Bitcoin cash gambling. This is a result of modern-age advancements and the further optimization of blockchain transactions.
To further steer you towards making the right choice, we present the best sites for bitcoin cash gambling. Since we have done the research part for you, you can proceed to reap the benefits by having loads of fun at these suitable casinos.
Are you ready? Let’s get started!
How Do We Rate Bitcoin Cash Casinos for Users’ Benefit?
The intention behind creating cryptocurrency was to provide advantages not available with fiat currencies and other conventional banking institutions. Little wonder there has been a surge in its acceptance and adaptation in the online casino industry. Read more about we rate bitcoin cash casinos and how players can tell which to avoid:
Security & Licensing
For an online casino to be authentic and legal, it must be approved by relevant authorities based on its jurisdiction. These authorities have the right to provide, renew or withdraw operational licenses and provide oversight to these casinos. The UK Gambling Commission provides online casino licenses in the UK; the Malta Gaming Authority and Curacao Gaming Control Board are part of the European licensing and regulatory bodies, while the Macau Gaming Inspection and Coordination Bureau are involved with Asian licenses.
Security is also an essential aspect of online casinos. With the proper security measures in place, players can be at peace. They don’t have to worry about their personal and banking information being leaked or funds being stolen. To guarantee this, state-of-the-art encryption protocols are put in place alongside further security measures.
Website Design
The design of the website is what attracts players, similar to the way sugar attracts ants. If the interface of an online casino is goofy, fun, and accessible, it tends to receive more visitors compared to a complex one. There are various characteristics of a good gambling website. Some include easy navigation, simple gameplay, and understandable commands.
Also, it is better if the casino has desktop and mobile app versions. This makes it possible to play anywhere without being restricted by location.
Customer Support
Besides the website design, licensing, and security, the customer support service is another selling point. Customer support creates an avenue where players of every online casino get to make complaints and ask questions when some things aren’t clear.
The perfect customer service has multiple channels via which players can make their complaints—-hotline, email, and live chat. Also, it is available at all times regardless of the time in your location. Most of these casinos boast of excellent customer service, and we provide information on those that don’t for proper awareness.
Bonuses & Promotions
What do you think of when you hear bonuses and promotions? Well, we have an idea. Most times, these bonuses aren’t triggered by something huge. It is usually activated through simple means like registering on a specific online casino as a first timer, logging in to play for the day, or making your first deposit. Bonuses come in various forms depending on the casinos.
We have carefully selected these casinos to ensure you get the best offers when gambling with your bitcoin cash.
How to Deposit and Withdraw With Bitcoin Cash in Online Casinos
Knowing how to deposit and withdraw with bitcoin cash is crucial. Here are the steps to take:
How to Deposit
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Register as new players to get an account at a casino that accepts BTC cash transactions. This is the first step.
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Proceed to the cashier area of the gambling site to choose your preferred payment method. It is easy to find on the interface.
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Choose Bitcoin cash as your deposit method. When the screen pops up, you will receive your account’s unique web address or QR code.
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Move on to your BTC cash wallet. Then copy and paste the address as given.
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Specify the amount you want. Ensure that you confirm your transaction by verifying the information therein.
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Click send. In no time, the funds will be available to use.
How to Withdraw
Bitcoin cash enables swift payouts with little transaction fees charged. Here are some steps for retrieving your funds from an online casino via BTC cash.
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Go to your digital wallet. Then, select the cryptocurrency you intend to retrieve (BTC cash in this case), and click on receive.
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Generate your wallet address. This is unique and meant for your use only.
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Copy and paste the wallet address generated in the appropriate section. Then, state the amount you wish to withdraw.
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Now, you can make your withdrawal. Note that the withdrawal request may time depending on the online casino. However, it will be in your digital wallet in a couple of minutes once your request is approved.
Pros and Cons of Bitcoin Cash Gambling
Although there are reasons to use this payment mode, it comes with certain disadvantages. Below are some pros and cons of Bitcoin Cash gambling you should note to guide your line of action.
Pros
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Secure Transactions: High-end security is in place to ensure secure transactions at all times. This includes withdrawal and deposit time. So, you don’t have to worry about your fund being stolen or lost.
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Short Transaction Time: Compared to other deposit methods, this has a much shorter frame. It is also easy once you get the hang of it.
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Anonymity: With tight security, you don’t have to worry about revealing your transactions and other private information. It promises complete anonymity.
Cons
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Long Withdrawal Time: It is important to note that withdrawals may take up to 48 hours to process when using BTC cash to transfer funds. However, you can immediately access it once this waiting period is over.
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Quite New: Due to its newness, most people and casinos don’t consider this a payment method. Hence, some online casinos don’t provide the BTC cash option in their financial method.
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Crash Possibility: There is little risk here because it is a digital currency. A crash can occur once the critical systems are lost or corrupted.
Other Gambling Cryptocurrencies
Below are some of the other gambling cryptocurrencies casinos use for payment online:
Ethereum
This is an open-source and decentralized blockchain that possesses a smart contract. It gives people the liberty to conduct financial services without going through conventional intermediaries like banks.
Bitcoin
This consensus network paves the way for a new payment method and unique digital money. It has no use for a central authority or intermediaries while conducting business. As a decentralized peer-to-peer payment, it is one you can perform by yourself.
Litecoin
It is a peer-to-peer digital currency that is instant and costs almost nothing. It is open to anyone in the world for use and is fully decentralized. In other words, it is regarded as a commerce medium similar to Bitcoin.
Monero
It is a decentralized cryptocurrency that utilizes a public distributed ledger with private-enhancing technologies. This way, anonymity and fungibility can protect users’ interests. Monero helps to keep your finances secure and confidential at all times.