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You are probably familiar with cryptocurrency. Digital currencies are now accepted by some online casinos as a form of deposit. Bitcoin Cash is a cryptocurrency that you can use to play all of your favorite casino games online for real money.
Before you sign up to start playing slots, blackjack, or roulette, you should know what to look for in the Best Bitcoin Cash casinos. Only play at those casinos which offer fair games and excellent customer service. Here are a few other things to know.
What is Bitcoin Cash?
Many people associate cryptocurrency with Bitcoin. There are many types of digital currency. Bitcoin Cash is known as an alt-coin, or alternative to Bitcoin. It was created as a fork of Bitcoin to help address issues of the original token that prevented it from expanding and offering faster transaction times.
Bitcoin Cash has no physical existence. It is a virtual token that can be traded among two or more parties for goods and services. It can also be used to play gambling games at online casinos.
This cryptocurrency functions in every way just like physical money. You can deposit it to play pokies or casino table games, and you can withdraw it to spend as you choose.
How to Use Bitcoin Cash at an Online Casino
Before you can use Bitcoin Cash at an online casino you will need to obtain some. All cryptocurrency is stored in something known as a cryptocurrency wallet. This digital wallet is what contains the proof of the Bitcoin Cash that you own.
After you sign up to play with an online casino you will need to make a deposit to your account. You can do this by moving Bitcoin Cash from your cryptocurrency wallet to the wallet of the casino. The online casino will give you some details known as a wallet address. The address will be a long combination of letters and numbers. It is very important that you enter this address correctly, or you could end up sending the Bitcoin Cash to the wrong party. Most online casinos will provide you with a QR code to scan.
Once the transfer is complete your Bitcoin Cash will be converted to the appropriate amount of your local currency for wagering. This is done because cryptocurrency can be volatile.
The Advantages and Disadvantages of Bitcoin Cash Casinos
There are some pros and cons of using Bitcoin Cash casinos. You should weigh the advantages and disadvantages before you decide to deposit.
- More privacy
- Easy to deposit and withdraw
- Little or no transaction fees
The cons are:
- Bitcoin Cash can be a volatile asset
- Buying Bitcoin Cash can sometimes be difficult
The best Bitcoin Cash casinos can be an excellent choice for any player that wants to gamble online in privacy. Players can also qualify for generous bonuses when making a deposit with Bitcoin Cash.