Best Bitcoin Cash Bookmakers

Bitcoin Cash (BCH) is not to be confused with Bitcoin, even if it spawned from the original. BCH is a digital currency for direct, peer-to-peer transactions, tweaked specifically for everyday use. It is a faster and cheaper version of BTC. For these reasons, BCH gambling makes for a fantastic option.

However, you need to consider which Bitcoin Cash Bookmakers you play on carefully, as not all are worthy of your bankroll. Let’s explore how to safely and efficiently approach BCH gambling. We will list the best brands that offer the token before moving on to more information about it.

Trusted BCH Gambling Sites for 2024

We know that looking for a good BCH Sportsbook can be tiresome. This is why we made a list that included the most trustworthy options based on available bets in most markets, favourable odds, decent bonus wagering, and their reliability. A good level of trust is vital before depositing.

Bitcoin vs. Bitcoin Cash Gambling

It is vital to understand that these two are two different coins. Bitcoin Cash resulted from a heated conflict among members of the original BTC community who believed that Bitcoin’s blockchain was too rigid and could not handle large transactions.

In perspective, VISA can handle approximately 45,000 transactions per minute, whereas Bitcoin could handle only seven back then. This inability to handle the workload caused by many transactions has been a source of criticism for the king of crypto over the years.

Imagine you need to urgently place a Live bet on your favorite bookmaker and wait forty-five minutes to an hour for your deposit to go through. It’s terrible, we know. Therefore, we can argue that BTC is swaying away from its original goal of being an everyday digital currency.

This issue of making the blockchain suitable for mass usage is called scalability. Enter Bitcoin Cash, which has tweaked the Bitcoin Core code to achieve faster and cheaper transactions. Let’s see how they both fare against each other.  

BTC and BCH Similarities

As far as similarities go, both cryptos share the same history. Transactions that transpired before the split went down in both coins' blockchains. This should not come as a surprise, considering that Bitcoin Cash is a hard fork of Bitcoin.

In plain English, this is a split in the code that spawns a second currency that is totally separate from the original. Another thing they have in common is they are both decentralized, meaning there is no entity controlling them, which is reflects positively for your deposits and withdrawals on gambling sites.

When using a Bitcoin Cash sportsbook, bank red tape can never prevent your deposit from going through. Finally, both BTC and Bitcoin Cash have a blockchain, an infallible, digital ledger managed by computers worldwide.

BTC and BCH differences

There are, of course, differences between Bitcoin and Bitcoin Cash. The main difference and primary cause of dispute that led to Bitcoin Cash’s creation is the size of the block on the blockchain. BCH has a larger block size, effectively allowing it to process more transactions at any time.

Plus, there are fewer fees associated with each transaction. BCH fees are roughly three times cheaper than Bitcoin’s. Another difference is that Bitcoin Cash is less know than the original token. This makes sense since it was only created a few years ago, whereas Bitcoin has been around for more than a decade.

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Also Read: How to bet on bookmakers accepting Bitcoin

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Reasons for Bitcoin Cash Gambling

There are many reasons that propel Bitcoin Cash gambling at the top of the adopted coins. As evident even from its name, Bitcoin Cash aims to validate daily transactions of all sizes. Here are the main advantages:

✔ Increased privacy

Never before crypto was it possible to gamble without using your name or providing personal details. With Bitcoin Cash, you protect your privacy, provided you do not link your private information to the address of your digital wallet. It may not provide you with the levels of privacy Dash gambling sites do, but it is still a trustworthy option.

✔ Faster transactions

You can enjoy transactions at speeds that are unheard of in conventional payment methods. It takes less than three minutes to top up your account, which goes a long way, especially in mobile play and live betting.

✔ Very low fees

Along with the increased transaction speed, you enjoy very low fees. That is particularly true if you compare Bitcoin Cash sports betting with Bitcoin and Ethereum. The cost is negligible, plus bookies often absorb it, meaning you can deposit and withdraw your gain for free.

✔ Secure Transactions

There is hardly anything more secure than a blockchain. Even though public, the impervious nature of this decentralized online ledger keeps your transactions transparent, indisputable, and hack-proof. There is no way that any bookie will dispute your deposit. Additionally, you can always track it on-chain.

✔ Under-the-radar betting

Through enhanced privacy, the decentralized nature of crypto and the fact that Bitcoin Cash gambling sites usually can not be limited by regional regulations, you can finally practice under-the-radar betting. This way, you keep any prying eyes away from your betting activity and most certainly separate from your bank account.

✔ Excellent upside potential

There is little doubt that out of all cryptocurrencies, Bitcoin is the one that is far more likely to stand the test of time. If you think you have missed the train to invest in Bitcoin, then what better way to invest in a coin that keeps Bitcoin’s legacy but improves on some flaws. The upside potential of Bitcoin Cash is huge, provided it gets the appropriate adoption.

Reasons against Bitcoin Cash gambling

Whereas Bitcoin Cash has unique benefits, we should also examine the reasons against Bitcoin Cash gambling. While there are not many, you should not dismiss them. Instead, factor them in carefully in your decision. Let’s see below.

❌ Not widely accepted

Despite BCH’s outstanding traits, Bitcoin Cash bookmakers are hard to find nowadays. Of course, this may change. But for now, you will need to look hard to find bookies that accept it. Therefore, your options are limited, and you need to be extra careful not to fall victim to any scams—kind reminder to check our list with the most trusted BCH gambling sites.

❌ Possible Regulation

As with every emerging market, we are still early. This means that regulation has not decided yet what to make of cryptocurrencies. Even though it is impossible to regulate crypto gambling fully, it is not improbable that regulators will try to find a way to make things more challenging in the future, such as controlling digital wallets.

❌ Price is volatile

Bitcoin Cash is a coin that has been introduced to the market under great doubt and dispute. Therefore, this makes its price very volatile. So even though you may find yourself with insane gains one day, you may lose most of your money in one of these violent price swings. Cryptocurrencies are, after all, infamous for their volatility.

❌ BCH is less decentralized

Bitcoin Cash has received some criticism. Due to its technical differences with Bitcoin, namely the block size. While there was discussion about the upgrade preserving decentralization, this did not prove to be the case. BTC is still more adopted, more valuable, and consequently, miners will prefer to dedicate their gears to it.

❌ Possible security issues

Without getting too technical, security concerns the amount of information required to secure a transaction. For the sake of speed and low fees, BCH sacrifices the amount of data necessary to confirm a transaction. Thus, transactions may not be thoroughly checked before finalization, which opens a small window for exploits.

❌ Irreversible Transactions

One of the true hard facts for every cryptocurrency is that you can not cancel or take back a transaction. Once you submit a transaction, it is irreversible. You need to double- and triple-check the address to which you are sending your coins. Failing to do so will result in a total loss of your funds. There is no way to retrieve misplaced funds in crypto and customer support cannot assist you in matters like this.

❌ Withdrawal Limitations

Bitcoin Cash may support breakneck speeds. But it does not mean that your bookie will, especially when it comes to your withdrawals. You should always read the policies before making a deposit.

There are cases in which Bitcoin Cash Sportsbooks process withdrawals manually, so you must wait a couple of days. Also important to note that it is almost certain you can only withdraw in the cryptocurrency you have deposited. If you seek faster withdrawal procedures, you can go after trusted alternatives like Cardano sports betting.

❌ Crypto is for advanced users

There is a rather steep learning curve in crypto. You need to learn to do things such as deposits, withdrawals, and transactions in a new way and be very mindful of certain security pitfalls. Even though it is not very difficult, you need to familiarize yourself to get the hang of it.

Is Bitcoin Cash sports betting safe?

Yes, Bitcoin Cash sports betting can be safe, provided you follow some ground rules. Make a habit of always playing with trusted operators. They must have a license, offer good bonuses, and have helpful customer service, at least in chat & email. A great variety of markets and bets offered is also vital. Last but not least, you want to get updated on relevant laws and applicable taxes.

☝  Legislation around Bitcoin Cash gambling

Laws on gambling are vague, and this also depends on factors such as your age and the gambling laws in your region. Also, keep in mind that legislation is ok as long as you play at a trusted bookie, but in general, if the bookie is accessible to your country, it’s probably OK to use it.

☝  Do I pay taxes using a Bitcoin Cash Sportsbook?

This subject, too, is uncertain given the decentralized aspect of cryptocurrencies, including Bitcoin Cash. It is very difficult to apply taxes to crypto, given they do not belong to any country or entity. For the time being, you are safe if you approach it as any potential taxation coming from gambling winnings. When in doubt, always consult a professional.

How to Go About Bitcoin Cash Gambling

We understand that it may seem challenging, and you may be struggling with where to start in BCH gambling at first. That is why we have prepared some essential information and practical steps to help you understand the basics in no time.

Remember, it is not rocket science, and this process is more straightforward than you think. You need to follow some steps correctly each time.

What exactly is Bitcoin Cash

Bitcoin Cash is a clone, more precisely, a hard fork of Bitcoin, founded in 2017. BCH stemmed from some founding members from the heart of the Bitcoin community, who believe Bitcoin can no longer be the everyday digital currency.

That is why they split up and created their own version, Bitcoin Cash. Through some technical tweaks, BCH achieves a faster speed than BTC and lower fees. Bitcoin Cash has received criticism for the possible security issues larger blocks entail and the fewer data needed to confirm a transaction.

Moreover, some say that BCH can achieve such low-cost fees because it does not nearly have the adoption BTC does, therefore its network has not been tested appropriately to see if funds will remain so low.

Nonetheless, many of the best crypto bookmakers added Bitcoin Cash as an option very soon after its creation in 2017. Despite its young age, Bitcoin Cash is a top 10 coin, and it should become more common as a deposit/withdrawal option in gambling sites.

You could already own some BCH

The way forked code works in crypto is that if you hold any amount of the coin that gets forked at a particular point, you automatically receive the equivalent amount in the new coin.

With Bitcoin Cash, the snapshot took place in the summer of 2017. So, if you were holding any amount of BTC in your personal wallet at that time, then you could already own some BCH, too. Then, there is the fork that BCH itself underwent in November 2018.

Bitcoin Cash and the Bitcoin SV fork

What happened is that, again, there was some disagreement within the Bitcoin Cash community. Backed by the infamous investor and gambling site owner, billionaire Calvin Ayre, a new fork was performed, this time on the Bitcoin Cash code.

That resulted in Bitcoin SV, short for Satoshi Vision, whose supporters claim it is closer to the Bitcoin founder’s vision of BTC. You should not confuse Bitcoin SV with either BCH or BTC. They are two entirely different coins. So far, Bitcoin SV has received lukewarm support from the community and is certainly not available on any Bitcoin Cash gambling sites.

How to Buy BCH and Deposit at Betting Sites

The safest and most reliable way to acquire Bitcoin Cash is through reputable exchanges such as Kraken, Binance, and Coinbase. That way, liquidity will never be an issue, which is essential. Otherwise, you could end up with coins you can not sell. Then, follow these simple steps:

• 1
  Open an account. You may not need KYC if you trade up to a certain amount
• 2
  Deposit your (euro, pounds, dollars)
• 3
  Buy some Bitcoin Cash, then transfer it to your digital wallet.
• 4
  Pick the Bitcoin Cash Sportsbook you like and sign up for an account; in most cases, you only need an email address to register.
• 5
  In the deposit section, select BCH. Copy the unique address generated there. Always carefully check the address where you are depositing crypto.
• 6
  Go back to your personal wallet and paste the above address. Confirm the transaction.
• 7
  That’s it. Within minutes, you have funded your account and can now start betting.

How to Withdraw from BCH betting sites

The process for withdrawing is pretty simple and similar to the deposit. Keep in mind that you will likely need to go through some KYC verification at this point. In any case, follow the steps below:

• 1
  Go to withdrawals.
• 2
  Using the same process as deposits but in reverse, send your gains back to your wallet.
• 3
  You can now either store your BCH or go to a trusted exchange and trade it for other crypto or fiat.

What other games can you play with BCH gambling

As usual, casinos are the pioneers in adopting new payment methods. It could not be different in the case of BCH, which is a very new coin. The reason for this adoption is that, despite the young age, Bitcoin Cash has the positive characteristics we described earlier.

The increased speed of transactions and the negligible fees, especially compared to Bitcoin and Ethereum, are very appealing. When searching for a crypto casino, it is best to weed out scams by checking out which ones have been around for a while, have a good reputation, and have active support via email and chat.

Great bonuses and provably fair games make for a robust combination. Some of the most common gaming options are Live Dealers, Slots, Jackpots, and Video BlackJack.

Is BCH gambling worth it

Bitcoin Cash was spawned from a conflict within the original Bitcoin community. But this does not change the fact it is a formidable option for gambling. Its fast processing speed and cheap fees make BCH an invaluable addition to your crypto betting options.

Despite some shortcomings as a new coin and accusations of being a cheap Bitcoin clone, I strongly recommend Bitcoin Cash as a payment option. It is a top 20 coin, and follows the legacy of Bitcoin. The people behind it are part of the original community of BTC. Bitcoin Cash Gambling sites are only getting bigger and there is no better time to start betting on them.