Bitcoin Cash (BCH) is one of the newer cryptocurrencies to hit the market. As a result, fewer online casino sites are offering this method of payment. However, as with its counterparts, as time moves on and Bitcoin Cash stabilizes in value, so will its popularity.
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This article covers some of the benefits of using Bitcoin Cash, what’s needed to open a Bitcoin Cash wallet, how to connect it with your gaming account and where you can bet using your Bitcoin Cash.
The term Bitcoin Cash can be slightly confusing, some believe it is real coins, others think it’s just another term for the original Bitcoin, but it’s neither. Bitcoin Cash is actually a new independent cryptocurrency that was created as a fork (split) from Bitcoin in 2017.
The purpose behind creating Bitcoin Cash was to process transactions more quickly and economically than its predecessor, this, in turn, should encourage smaller everyday purchases boosting its popularity and usage. All holders of Bitcoin at the time of the fork received the equivalent of their holdings in Bitcoin Cash.
Bitcoin Cash is building a reputation in the online gambling world for its speed and lower transaction fees. Whereas Bitcoin (BTC) may take 10 minutes or longer to process a transaction, BCH is almost instant. When it comes to transaction fees, anywhere from $6 to $12 can be lost in fees for BTC, while BCH fees are as low as $0.20.
As with other cryptocurrencies, registering to play casino games with Bitcoin Cash is the same as any other payment option. Once you sign-up at your chosen site, visit the Cashier and select BCH from the list of available payment methods, then follow the on-screen instructions.
Of course, before you can register at the Bitcoin Cash casino, you’ll need to have purchased some Bitcoin Cash to be able to fund your casino account. You can open a Bitcoin Cash wallet through a reputable exchange such as Coinbase, Kraken or Binance.
Your BCH wallet can be ‘hosted’ by the exchange which will safeguard your password, often known as a ‘private key’ or, you may wish to take the non-custodial route where the responsibility rests entirely on your shoulders. However, should you forget or misplace your private key, your BCH cannot be recovered.
Here is a simple step-by-step guide:
Opening a BCH wallet is straightforward. We always recommend a ‘hosted’ wallet for online gambling as it is easy to open and ideal for use with online casinos. Choose your preferred exchange, select sign-up, follow the on-screen instructions to create your account.
A verification link will be sent to your email address, click on it to activate the account. Next, you can complete the two-factor authentication by clicking on the link sent to you via text to your mobile phone.
Further ID will be required in the form of government-issued documentation, such as a passport or driving license. This will be used to verify your legal name, date of birth and current address.
BCH can be purchased through your chosen exchange using debit/credit cards (3% fee) or a bank transfer. Just visit the exchange, select BCH from the list, enter the amount you require and click ‘Buy’.
Visit the Cashier at your chosen Bitcoin Cash casino and select BCH as the payment method. Copy the wallet address provided by the casino and paste it into your BCH wallet. Confirm the transfer and you’re ready.
– Secure online payments
– Faster transactions than many other cryptocurrencies and traditional payment methods
– Exclusive bonuses and promotions available to cryptocurrency users
– Increased betting limits when playing with BCH or other cryptocurrencies
– Lower transaction fees compared to other payment methods
For some, Bitcoin Cash may feel like a brand-new concept, while for others, it just feels like a welcome addition to the world of digital currency and online gambling. While some online casino operators are happy to sit back and wait for Bitcoin Cash to stabilize in value before opening the flood gates, there are plenty of others that already offer BCH as an option.
Players may find it difficult to locate BCH-exclusive online casinos, but plenty of mainstream sites are happy to accept Bitcoin Cash and other cryptocurrencies. This also goes for sportsbooks, esports and online poker sites.
Esports is an exciting and relatively new arena where professional video gamers battle one another for large sums of money. As this tends to appeal to the younger demographic, who are also frequent early adopters of cryptocurrency, betting on esports is a match made in heaven for BCH.
As you may be aware, some of the earliest crypto-exclusive gambling sites were poker sites. As this classic casino game continues to be universally popular, players will always find a Bitcoin Cash live casino willing to accept BCH and other cryptocurrencies.
As Bitcoin Cash strengthens its position in the market, its availability is expected to increase within the online gambling field. We have seen a rise in online casino operators accepting cryptocurrencies including growth in the number of sites specifically accepting Bitcoin Cash as a payment option.
Bitcoin Cash certainly has its advantages when compared to other cryptocurrencies, which may help to sway its position in the online gambling industry for both players and operators. Lower transaction fees and faster deposit/withdrawal processes both help to make Bitcoin Cash an attractive option.
Why should online casinos remain in the dark ages, relying on outdated, complicated fiat currencies with their high fees and long transaction times? We don’t think they should here at VIPCoin – which is why we’ve built our casino to specialise in the anonymous, unrestricted world of crypto. We’re sure you’ll have fun playing all your favorite casino games here.
The casinos we review should be licensed by a well-respected authority in the industry. This often includes the Malta Gaming Authority, but there are other legitimate regulatory bodies around the world, such as the British Gambling Commission and the Curaçao Gaming Control Board.
In addition to a valid license, online casinos must be independently regulated. This is often done by the licensing board in question. Outside regulation ensures that important rules designed to protect players are followed without personal interests in the casino in question overruling them.
Finally, we believe that casinos must be securely designed in order to perfect the player experience. Users should be able to visit their favorite online casino without worrying about the safety of their personal data, so we look for elements such as valid SSL encryption when rating providers.
With new coins appearing on the market almost daily, it can be hard to keep track of which crypto casinos accept which currencies. Which is why we make it clear in our reviews of our fellow crypto-gaming sites.
While there are many reasons why people visit our website, there are two primary factors. First, players new and experienced alike are searching for a reputable operator for their online casino needs. Our own well-respected casino is committed to creating an unforgettable player experience for our users! This is not the only reason why we have received attention, however, as our casino reviews have proven to be a popular draw.
The team at VIP Coin wants each of our readers to find the perfect home with the online casino features that best fit their needs. We do this by carefully researching every casino we review. Our goal is to give you the information you need to make informed decisions about where to spend your money. Whether you stick with us or decide to branch out with another provider, you deserve to have an exceptional online experience.
For transparency’s sake, we have put together some of the most important elements we consider when reviewing websites. From trustworthiness to game selection and everything in between, this page will outline the things we weigh when directing readers to or away from an operator.
Here is the information we consider:
The casinos we review should be licensed by a well-respected authority in the industry. This often includes the Malta Gaming Authority, but there are other legitimate regulatory bodies around the world, such as the British Gambling Commission and the Curaçao Gaming Control Board.
In addition to a valid license, online casinos must be independently regulated. This is often done by the licensing board in question. Outside regulation ensures that important rules designed to protect players are followed without personal interests in the casino in question overruling them.
Finally, we believe that casinos must be securely designed in order to perfect the player experience. Users should be able to visit their favorite online casino without worrying about the safety of their personal data, so we look for elements such as valid SSL encryption when rating providers.
Trustworthiness and security are important, but we think that games and software options are just as critical to the player experience. With so many types of casino games available, ranging from live dealer titles to slots and jackpots, players deserve a big selection of games from some of the industry’s best developers. Here is a brief explanation of exactly how we rate online casinos’ software and game selections:
Some online casinos offer many games from one or two big developers, but not much else. While this does ensure that players have access to quality games, it also limits the types of games they can play. There is no end to the kinds of unique concepts used for the latest and greatest slot machine games, and working with a variety of game providers is the best way to allow players to experience as many of them as possible.
While they are not for everyone, progressive jackpots are a fan favorite for many players around the world. This kind of game keeps the money that players pay into it via wagers in a ‘pot’ that progressively grows until it is won. It is not unusual for popular jackpots to award millions of dollars!
Playing for real money is exciting, but sometimes playing for fun is the best option. An excellent online casino operator will have a free-play option for users who either like to have hands-on experience before they wager real money or who like to play without the pressure of winning.
We mentioned the importance of extensive game catalogs above, but there is another reason why we prefer online casinos that work with a multitude of top providers. There are many different game developers in the industry, and not all of them are committed to creating quality titles. Well-established and respected designers, on the other hand, have tried-and-tested development skills that result in hugely popular games.
Being able to easily play in-browser is an important part of the appeal of online gambling. We check to ensure that the operators we review make it easy for players to enjoy their favorite games.
Bonus offers, be they for new players or loyal users, are a great way to show player appreciation and boost your bankroll. Most online casinos offer some kind of promotion – however, they are not always plentiful or generous. That is why we look not only at the presence of offers, but also the value of them.
Also called ‘welcome bonuses’, new player offers are designed for users who have never before been registered with the online operator. This kind of promotion offers players some kind of incentive to sign up, such as free spins or a first deposit match bonus.
It is easy to claim all sorts of things on your homepage only to hide predatory regulations within the fine print. The VIP Coin team examines the terms and conditions of every casino we review to make sure that there are no hidden downfalls to bonuses, such as exorbitant wagering requirements.
New-player offers are important, but so are bonuses for returning players. We always check to see what bonuses an operator offers not just first-time users, but also loyal players.
Speaking of loyal players, VIP Casino believes that users deserve recognition for their time with online casinos. We, therefore, check operators’ VIP or other loyalty rewards when writing our reviews.
Games and bonuses are important, but only if players have access to convenient and safe payment methods. We do our research into the deposit and withdrawal processes of the casinos we review. We keep the following in mind when grading online casinos’ payment options:
The best deposits are quick and easy. We look to see how easy deposits are to make as well as how long it takes for funds to be made available.
Your personal information should not be treated lightly. We examine operators’ payment methods for weak links that might put your data at risk.
Sometimes, online casinos provide excellent games and a wide variety of deposit options only to drop the ball with slow withdrawals. Our goal is to find casinos with quick, trustworthy withdrawals.
Even beyond withdrawals, the team at VIP Coin looks for quick processing of all transactions in general.
Transparent gaming with fair RTPs. We believe that players deserve to know exactly how likely they are to land a winning spin when playing their favorite slot. We look for operators with transparent gaming and fair RTPs.
Even experienced players run into issues sooner or later. We place special importance on online casinos’ customer support options. We do this by looking at the following factors:
Is the website encrypted? We check out operators’ websites with a discerning eye to homepage encryption that keeps player information safe.
The VIP Coin team wants all players to be responsible when gambling. We look for online casinos that share this concern and offer players tools designed to help keep their spending in check.
Players should never have to dig through a website looking for customer support. We look at how easy it is to locate and access player care options.
Quick and accurate solutions: Not only do we think that players should have answers quickly, but we also believe that they should have the best answers at their disposal.
Today’s player has a wealth of devices at their disposal. Online operators should make it easy to access games from smartphones and tablets as well as desktops. We look for the following:
Can players visit the operator’s website from their mobile device and play their favorite games? Websites should be optimized for smaller screens.
If an operator offers a dedicated mobile app, is it easy to switch from the app to the desktop site? Is information synced between the devices?
Not every casino we explore meets all of our requirements. We note any potential downsides within our review, and if we feel as though an operator poses a risk to players, we will place it on our blacklist.
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