At an online casino, it is often possible to play for free. To do this, simply use the demo mode. However, slot machines or live games, for example, only take on their full potential by betting money.
Therefore, players rather favor the real mode that allows them to bet with the currency of their choice. Of course, fiat money options like euros, dollars, etc. are usually offered. But you should also know that more and more online casinos now accept cryptocurrencies such as Litecoin, DogeCoin, Monero, or Bitcoin Cash.
Source of Bitcoin Cash
Created on August 1, 2017, Bitcoin Cash is inspired by Bitcoin. It is thus based on the sequential and distributed database technology called the blockchain.
Meeting a lot of success on the Internet, this cryptocurrency (simplified under the acronym BCH) has a circulating supply of 18 million units and a maximum supply of 21 million units.
Advantages of Bitcoin Cash
Currently, some online casinos already offer us to bet in Bitcoin Cash and their number continues to increase. There are different advantages that one can benefit from with this cryptocurrency. Let’s name a few.
The first is that if you receive a bonus in Bitcoin Cash, the bonus amount will be very large.
It is not uncommon for the amount to be an order of magnitude higher than the bonus you receive in fiat currency.
The second is the fast payment speed.
Bitcoin Cash is faster than Bitcoin. It boasts top-class speed among all virtual currencies. Depending on the coin, a deposit may not be reflected in the account for a while after the deposit procedure, but in the case of Bitcoin Cash, it is basically reflected immediately. It is a big merit that there is no extra waiting time when you are enthusiastic about playing.
The third is that making payments is easy.
Basically, when depositing and withdrawing to an online casino with Bitcoin Cash, you can easily complete the procedure simply by scanning the QR code displayed on the screen. Simply put, deposit errors are less likely to occur. It is one of the best payment methods available at online casinos.
Finally, we also benefit from optimal security guaranteed by the use of cryptographic rules.
Disadvantages of Depositing with Bitcoin Cash into an Online Casino
Of course, there are disadvantages to depositing Bitcoin Cash into an online casino.
The first is that the withdrawal conditions for bonuses will be stricter.
Although the withdrawal condition rate of the bonus does not increase only with Bitcoin Cash, the withdrawal condition will naturally become stricter as the amount increases.
The second is the difficulty of managing funds.
As Bitcoin Cash rates are constantly moving violently. Therefore, even if you have a rough estimate of the amount of 1 BCH, the price may fluctuate by 50% or more after a few hours. Of course, if you don’t know the amount properly, you may run into a reckless bet.
Since it is said that even the US dollar and the euro tend to disturb the sense of money, there is no doubt that using Bitcoin Cash will make it even more difficult to manage funds.