Even though brand-new cryptocurrencies and other types of digital assets continue appearing left and right, Bitcoin Cash has remained one of the top cryptos offered across Canadian online casinos. It stands right next to Bitcoin and Litecoin on the list of accepted crypto methods across the top Canadian casinos. The reasons are obvious; it still offers something that crypto enthusiasts cannot go without, and that’s unrivalled security, speedy transactions and better scalability compared to the first-ever digital currency. What is Bitcoin Cash and why choose to use it across online casinos?
About Bitcoin Cash
If you’re a crypto enthusiast or you’ve been reading our articles about payment methods, you must know by now that Bitcoin is the first-ever, the first-of-its-kind digital currency that revolutionized the way money circles across the internet. When it was first launched, it eliminated the need for the banking system and fiat currencies, and cash for that matter, and instead, offered a peer-to-peer, decentralized and open-source platform where users can send and receive money digitally, at low costs, without the money being ever available physically. And most importantly, without supervision from any authority whatsoever.
Naturally, it appealed to millions of forward-thinking users all around the globe, who started using it for daily transactions. These transactions, on top of all the other perks, were instant, making Bitcoin even more appealing. But, as its popularity grew, its platform could barely withstand the load of transactions that were being exchanged. The transactions started getting delayed, higher fees were charged and its market share dropped. In 2017, something happened, called the hard fork. Due to the overloaded blockchain and problems with sustainability, the split happened.
Part of Bitcoin patrons wanted to improve the scalability, achieve faster transactions than the current Bitcoin transactions, and make it better overall, but part of them wanted to keep it like it is. The hard fork, then, meant the creation of a whole new crypto, which we know today as Bitcoin Cash, designed by those patrons that were after a change. The new crypto was created on the same underlying blockchain technology, even though on a separate blockchain, and kept many of Bitcoin’s characteristics. Don’t let the “cash” part of the name fool you though; Bitcoin Cash is not a currency you can hold physically in your hands, it is not cash, but still a digital currency, with no physical appearance. It is an updated version of Bitcoin, per se, with the aim to make internet transactions faster than ever.
If you’re a crypto aficionado, you’d know what we’re sharing next, the differences between the two digital currencies. Those Bitcoin patrons that stayed with the original, managed to scale it a bit turning each block from 1MB to 2MB with SegWit2x measures. The founders of Bitcoin Cash, though, managed to further improve the blocks, up to 8MB! So, for those of you who need us to put this in simpler words, the founders of the new crypto managed to offer way speedier transactions, by improving the scalability way better.
Offering faster transactions when compared to Bitcoin, Bitcoin Cash, naturally, immediately got recognized by online casino players eager to get instant deposits and withdrawals. In fact, at the time, this new crypto was standing hand in hand with the first-ever crypto, and it is still one of the top most popularly used digital currencies across all industries, especially the online gambling industry. So, if you’re willing to get started with it and use it across Canadian casinos, stay with us, as we’re covering that next.
Getting Started with the Solution
If you’ve ever used Bitcoin or any other cryptocurrency for that matter, you’d know the steps you’d need to go through to get started with Bitcoin Cash. If not, we’re here for you. We’ll give you all the details, so even if a newbie, you’ll get started with it without much effort.
First things first, getting a hold of some coins. Similarly to Bitcoin and many other proof-of-work cryptos, you can mine for BCHs, or you can use the modern way of purchasing some coins at any exchange platform. Mining is overrated and overlooked nowadays, considered exhausting and money and time-consuming, and you need a lot of pieces of equipment and power to do it. Why do it, then, when you can simply join an exchange platform like Binance or Coinbase and do the purchasing right there? You can use all worldwide used currencies and payment methods to complete the purchase, such as global eWallets and credit and debit cards, so you’ll manage to get your coins hassle-free.
Now, the next step would be storing them. You should know that, even though many options exist, the best crypto wallet to go with would be an eWallet, as it would allow you to make deposits and withdrawals across online casinos in a smoother way. There are plenty of crypto eWallet providers, so find the one that suits you most and create your account. You’ll be generated two alphanumerical sequences, otherwise known as keys, one private and one public, which you’d need to use as your account credentials and addresses, as you’ll soon learn. And with that, you’ll be ready to join an online casino and start playing!
Depositing and Withdrawing
Bitcoin has been used across online casinos since its launch, but when the hard fork happened, Bitcoin Cash also gained momentum across the online gambling industry. Online casinos left and right started accepting it, and today, it is without a doubt, one of the cryptos that you’ll find on the list of accepted payment methods across Canadian casinos. You’ll certainly find it at 21Bit, BitStarz, Playfina, Crypto Loko and CasinoJax. But you’ll have plenty of others as your options, too. Create an account with the casino that works best for you and you’ll be ready to make your crypto transactions in no time.
To make a deposit with Bitcoin Cash, go through these steps:
- Visit the casino’s Cashier/Payment Methods/Deposits page.
- From the list of accepted methods, find Bitcoin Cash’s logo and press it.
- Copy the casino’s public key.
- Use your credentials to enter your crypto wallet, paste the casino’s key and specify how much you’d want to have on your casino balance.
- Double-check the key and confirm the transaction.
- Your BCHs will instantly arrive on your casino balance!
As you’d expect, since that’s what happens with all cryptocurrencies, transactions with Bitcoin Cash are irreversible, therefore, you’d need to double-check all the info you’ve entered before you confirm the transaction. And as explained previously, given everything is in order, you’ll get the coins on your balance in real-time.
Withdrawals with BCH are not only possible but also as fast! You’d need to repeat the procedure we just described, only this time look up the crypto on the Withdrawal Methods list. And this time, enter your own key address where needed. Specify how much you’d like to withdraw, double-check the details and confirm the request. The moment the casino approves it, the coins will arrive in your crypto wallet.
Top Bitcoin Cash Casinos
Applicable Fees
When it comes to fees, some will be charged depending on what you’re doing with your coins. If buying some, you will be charged by the exchange platform, for instance.
When transacting, there will be a fraction of the amount charged for the transfer. But this fee would be really insignificant, so you should not worry that much about it.
Accepted Currencies
Any currency would do when buying or selling Bitcoin Cash, Canadian dollars included. You can rest assured that the best exchange platforms allow users to obtain coins with Canadian dollars.
Other mainstream currencies are almost always accepted, too, such as US and Australian dollars, euros, Swiss francs, UK pounds, etc.
Coverage
Since this is an open-source, decentralized payment solution, Bitcoin Cash can be used literally by anyone, from anywhere across the globe, who has access to the internet. There is no country limit on its part, so you can rest assured that you, as a Canadian player, can certainly use it.
However, there are countries that have not embraced crypto and the concept behind it, countries that have even banned crypto, so players from such countries should avoid using it. Some of these countries include Algeria, Qatar, and Tunisia. On the other hand, there are several countries where cryptocurrencies are legal. Canada is one of them, as you may as well know, but others are the Netherlands, Malta, Germany and El Salvador, among others.
Customer Support
Since this is a digital asset of decentralized nature, it does not have an owner, a company behind it, which you could get in touch with to get assistance when using it. You do have, however, many communities that could help you out in case you have uncertainties. You can look them up on Google, or find their Reddit or GitHub profiles, to get more info.
In case you really need assistance, especially regarding the depositing or withdrawing process, you should have no doubts that your chosen online casino’s Support team will help you out. Casino Support representatives go through thorough training in order to be able to assist players with any issues they might have when it comes to depositing/withdrawing, and are usually available via many communication means, be it phone, email, Live Chat or on-site contact form.
Conclusion
Considering this is still one of the top cryptos out there, which you can obtain using Canadian dollars and some of the world’s most popular payment methods, Bitcoin Cash is certainly an option you should consider. It offers faster processing times compared to Bitcoin, lower fees and a better overall experience. Getting started with it is easy, as is using it for all kinds of transactions, especially at online casinos. It is an option across numerous Canadian online casinos, so you can most certainly find one to join right away, to get some of the most seamless crypto deposits and withdrawals.
FAQs
Well, not really. Except, of course, your crypto wallet app and where available, your online casino app. There is no Bitcoin Cash app to download if that’s what you’re referring to, as after all, this is still a decentralized digital currency.
Kraken, LocalCryptos, UpHold, Evercoin, Bitstamp, Coincheck and Gemini are just some of the options to explore. Remember to compare the fees these are charging for buying/selling BCHs and go with the one that offers the lowest, of course.
Yes, as it does with any other cryptocurrency, for that matter. You will see, though, that it is not so highly volatile, as its value has seen a steadier position on the market compared to many other digital currencies, but still, you should expect fluctuations.
No, not really. In fact, that’s why cryptocurrencies are most attractive for players across online casinos, since fees are never charged for transactions with them, and Bitcoin Cash is no exception to the rule.
You could create an account with Ledger, Exodus, Trezor, Edge, BitPay and Cypher, among many others, and you’ll be able to store and use your BCHs.
Bitcoin Cash is an excellent option for online casinos. Cashing out is fast, easy, and secure, with lower fees compared to traditional payment methods. Deposits are instant, and withdrawals process quickly, making gaming smooth and hassle-free. I love using Bitcoin Cash because it’s reliable, convenient, and gives me confidence that my transactions are safe. Definitely a top choice for any online casino player!
Banking with Bitcoin Cash offers a refreshing alternative to traditional finance. It provides faster transactions, lower fees, and greater financial freedom. With BCH, you can send, receive, and store value globally without middlemen or borders. It empowers users to truly control their money and promotes a more open, accessible, and decentralized financial system for everyone
Nothing wrong with the coin itself. Relatively low fees and pretty quick transfer overall. Good luck finding a place that accepts it however. Every now and then it has a moment and some more places adopt it it, but then it's like forgotten again and I don't really ever see it being widely adopted everywhere. Its kind of a middle of the road type thing. A lot of better and more widely accepted choices out there right now though.
Bitcoin Cash happens to be an alternative payment method that is definitely suitable for funding online casino accounts. I’m not opting to use Bitcoin Cash over Bitcoin Lightning Network or Litecoin but if I don’t have much of a choice between which cryptocurrency is available, then I would not have any issues using Bitcoin Cash
Bitcoin Cash is not one of my favorite but it's def safe I think it's came along easy from where it started that's for sure I'm sure it's going to keep doing great
I don’t have much personal experience with bitcoin cash. I know others who have used it and they have complaints about the speed of transaction, or should I say lack thereof. In the addition, it can be frustrating because not every casino accepts this cryptocurrency, in no way is it as popular as Litecoin bitcoin or Ethereum, and you will find that as well, as you make your way through the casino world.
Bitcoin Cash is an alternative currency to consider using when depositing at an online casino but there are better options if you’re asking me mostly due to the fact that not all sites are going to accept it as a payment method and when they do the fees are reasonable but still I would prefer a different cryptocurrency such as Litecoin personally.
I used bitcoin cash as crypto deposit only one time and it takes a whole hour or longer. That is a little bit to long for my opinion. Sorry. There are more faster crypto currencies with a half second of waiting for.
I’ve never particularly had an issue using Tether, per se, although I have gotten confused using it in the past because some casinos offer tether on one exchange and if you send it with the wrong exchange it will become lost forever.
I have discovered this cryptocurrency after playing on America777 and made my first withdrawal. Since they do not have bitcoin but only BCH i had to install it and in fact to me it is better than bitcoin. It has less fees and deposits are processed in the next seconds most of the time.
bitcoin cash or BCH as it is commonly known, is one of the first cryptocurrencies that i have ever know, so it's reliable in almost every way, but there's some things that i dont really like, as the fees that are usually high compared to other coins which have almost no commisions at all. anyways, i like bitcoin cash
Bitcoin Cash serves a valid purpose for users who prioritize fast, low-cost transactions. However, it hasn't seen the same level of growth or trust as Bitcoin. It's a solid alternative for spending rather than long-term holding. It's in the running for a up an new crypto method it just might be worth a look into for those seasoned and new to crypto
Depositing Bitcoin Cash (BCH) at online casinos is very fast, inexpensive, and anonymous. Transactions usually take just a few minutes and fees are very low. However, not all casinos accept BCH, so the selection is limited. Ideal for players who want to easily deposit with crypto. Swap (exchange) into another currency if necessary.
I really dislike the whole idea of bank wires. It takes so long and I have even had it sent to the wrong address and I just lose the money
I think you're using the wrong payment method. It's not a bank transfer...but you're still somewhat correct in your statement.
Bitcoin Cash is a good option for those who like to gamble using cryptocurrencies. I made a few small deposits with it at various online casinos as I had some left over from a site that paid me in BTC Cash. The transaction fees are lower than Bitcoin and the transactions are processed fast, confirming within just a few minutes.
Used Bitcoin Cash for a deposit. It was fast and had very low fees. I didn’t need to share bank details, which I liked. But not many casinos accept it, and the value can change quickly. Overall, good if you want speed and privacy, but not the best for beginners.
Bitcoin cash is a bit of an outlier when it comes to crypto payment methods, it has a pretty good transaction speed and the fees are quite low. There is really nothing wrong with using bitcoin cash as it can be a pretty good option, however with some of the other options that we currently have such as Solana or bitcoin on lightning network, I struggle to find a good reason to choose this is your currency of choice.
I love that there's a cheaper, quicker way to deposit with Bitcoin cash. Much faster and economical than doing it with BTC on most casino platforms. I haven't tried withdrawing yet, but will give that a go soon and report back.
Bitcoin Cash (BCH) is a fantastic option for online gambling due to its fast transaction speeds and low fees compared to traditional payment methods. I love how BCH allows for quicker deposits and withdrawals, which makes the gaming experience smoother. It’s becoming more widely accepted at online casinos, and with its scalability, it’s a reliable option for crypto enthusiasts who want a fast and cost-effective way to manage their funds. Definitely a solid choice for anyone who wants to avoid high transaction costs!
It exchanged easily cost some in fees but can trade easy n is reliable
I use Bitcoin Cash for online gambling because it enables nearly instantaneous transfers with minimal fees, keeping my betting flow smooth. Its decentralized network bypasses traditional banking slowdowns, so I never miss an opportunity to play.
Bitcoin Cash is top-notch for casino play 'cause of super-fast transactions, low fees, and strong privacy—perfect for quick and secure betting!
Using BCH has some advantages, but the transactions are slower compared to other cryptocurrencies. they do have lower fees but the delays in processing can be frustrating. Overall, BCH is a decent choice, but speed may be a concern.
I recently started using Bitcoin Cash for my online casino transactions, and it’s been a fantastic experience! The speed of deposits is impressive, allowing me to get right into the games without any waiting time. I love that the fees are often lower than traditional methods, which is a nice perk. Plus, the added privacy feels great. The only challenge was getting used to the wallet setup, but once I did, it’s been smooth sailing. Definitely a method I recommend!
This is definitely one of the weird coins and the fees are unpredictable, but it is nice when you get the hang of it and depositing with this coin is super cool looking because you think it’s bitcoin but it’s not bitcoin you’ll understand when you play with it
This is an excellent option for depositing and withdrawing at casinos. It's like the little cousin of Bitcoin and has cheaper fees for transactions and the transfer times are pretty quick as well. The price stays pretty steady too, well compared to the fluctuating price of Bitcoin anyway.
Bitcoin cash is a slow and expensive way to deposit. I have used it a few times and it takes a long time to receive confirmations and then you need many confirmations until your deposit is cleared to the casino
Bitcoin Cash impresses with its efficiency in transactions: transfers are quick and have low fees, making it a practical alternative to other cryptocurrencies. In everyday life, I appreciate the short waiting time and the fact that Bitcoin Cash is already accepted in many online shops and platforms. It also offers a good solution for international payments, especially if speed is important to you. Anyone looking for a stable cryptocurrency that is practical and widely accepted will find Bitcoin Cash a pleasant option.
Got paid in this before and paid with it .works the same as bitcoin and I like it it’s good and safe
I like Bitcoin cash. It's fast at depositing and withdrawaling. The fees are reasonably low and most places that take crypto take bitcoin cash. I haven't found much wrong with using this form of currency when playing online casinos.
I am not going to say that it is one of the worst because I have not used all the existing cryptos, but I can assure you that bitcoin cash is quite bad, not to mention very slow to make your transactions, both withdrawals and deposits are very slow due to blockchain confirmations and other aspects that make it one of the last options on my list, and even more knowing that crypto ones are usually very fast and approved quickly
Bitcoin cash is another crypto currency you can use for your transactions though not my first choice it's a decent alternative when you need to use same as most reliable crypto currency you can expect quick and efficient transferring of funds it is accept by a number of popular casinos.
Another simple way to deposit using crypto currency. Works pretty much the same as any other crypto method just be sure that you are sending the right crypto or your deposit can be lost forever. Simple and easy and decently quick too
Damn, Bitcoin Cash is the slowest out of the four cryptocurrencies I have and still use to receive payments. I only use it after exhausting attempting to use an address form the other three, but the casino is denying my use of those, so Bitcoin Cash is reluctantly tasked with coming to the rescue.