The best Canadian BCH casinos in the test
A direct deposit with BCH is possible with a few providers via corresponding wallets. The most common are Bitpanda, Binance and Coinbase, although there are certainly some similarly structured alternatives.
How Bitcoin Cash works in online casinos
Provided that a provider is found that accepts BCH, the deposit can be made relatively straightforward. The basic prerequisite is, of course, an own player account. In addition, a wallet must be selected via which BCH can be purchased.
The purchase of BCH as such is completed in a few simple steps. An individual address belongs to every wallet, regardless of whether it is Bitpanda or an alternative provider. Such an address is created by the Bitcoin Cash casino at the same time. This must be entered during the payment process so that the sending of the selected amount is completed.
It is enough to copy the address displayed by the casino and paste it into the transaction form. For each booking, there is a new wallet address that can be automatically assigned to the player account. This fact should definitely be taken into account so that the credit 💳 arrives reliably. A conversion into real money currency usually takes place immediately at the provider.
Advantages & disadvantages of BCH casinos
What are the advantages of Bitcoin Cash as a payment method in the casino?
Currently, there are just with online casinos some hurdles due to the new transitional regulations. Among other things, 1,000 euro deposit limits as well as massive wagering restrictions have been set. At the same time, more and more classic payment providers are withdrawing from the virtual gambling industry.
This is exactly where digital assets like BCH come in. After all, these are not tied to the traditional market economy and, of course, not only in connection with the topic of online casinos. In addition, more and more companies are turning to cryptocurrencies, as they offer significantly greater flexibility, especially digitally.
Currencies like Bitcoin Cash can now be acquired via all common wallets. Compared to the classic Bitcoin 🪙, the BCH offers even more advantages, because the purchase is almost free of charge. If at all, small flat fees apply. The rates are largely stable, and the transaction as such is also innovatively secured.
The most important advantages of BCH at a glance:
- Very low fees
- More privacy for investors
- Exclusive promotions
- Decentralized cryptocurrency
- Stable & secure exchange rates
- Reliable transactions
Basically, it can be stated that account transactions, even if they are made via cryptocurrencies, are visible. Nevertheless, methods like Bitcoin Cash offer more security. Moreover, the payment is legal. There are only a few countries that generally ban digital currencies. These are, for example, Afghanistan, Saudi Arabia or Bolivia. Canadian customers are not affected by this ban.
What are the disadvantages with BCH casinos?
BCH cannot guarantee complete anonymity. At the end of the day, what users do on the Internet is always visible. Despite everything, Bitcoin Cash seems to be once again much better protected than Bitcoin, from which it was split off in 2017. Probably the biggest disadvantage for players is that the selection of BCH casinos remains very manageable to date.
The disadvantages at a glance:
- Not completely anonymous
- Sometimes accepted by fewer casinos than BTC
- Exchange fees may be incurred by the wallet
Possible exchange rate changes can also be disadvantageous. Basically, BCH online casino pay out the daily updated rate. So, if something changes in the value, it will be automatically taken into account in all transactions.
By the way, the fees for the exchange can vary depending on the wallet. Therefore, we recommend a targeted comparison of several providers here.
Tips & tricks for payment with BCH
A special feature of this cryptocurrency is that there are now around 5,000 physical acceptance points worldwide. Accordingly, Bitcoin Cash is quite a promising alternative to real money – also and especially in online casinos without a license.
It is essential for players to opt for a crypto wallet. There, BCH can be bought and held – usually even with the option to trade them on the side, if you want to.
Tip: You should take a close look at the current prices and make the purchase when the price per BCH is just going down. This offers a sometimes enormous savings potential.
While Bitcoin has met with very high acceptance among gamblers as well as casino operators, Bitcoin Cash is a means of payment that first has to establish itself. For this very reason, we have taken a close look at the most important questions and summarized detailed answers.
Questions and Answers about BCH Casinos in Canada
Are BCH payments possible free of charge?
Most well-known online casinos do not charge any fees for deposits and withdrawals – although exceptions prove the rule. However, costs can still arise, because the Bitcoin Cash balance must be exchanged for real money during the transaction.
So-called exchange fees can sometimes be quite expensive. Especially in view of this fact, it is even more worthwhile to compare the terms and conditions of different wallets. This can offer a considerable savings potential.
Is there a BCH bonus in the casino?
Basically, a starting credit is not excluded, should the deposit be made via BCH. Whether the welcome bonus is granted to new customers ultimately depends on the provider. While better-known payment 💳 methods such as Neteller and Skrill are increasingly an exclusion criterion, it is therefore possible that the bonus credit is granted automatically or by entering a coupon code after depositing the required minimum amount.
Bitstarz grants all new customers a welcome bonus even when depositing with cryptocurrencies.
How to buy bitcoin cash?
The purchase of cryptocurrencies of all kinds requires registration with a crypto wallet – for example, Bitpanda or Binance, to name just two options. Once a separate account with an individual wallet address has been set up there, it is possible to deposit real money 🤑 in various ways. This can then be exchanged for any coin against exchange fees.
Most established wallets offer BCH for purchase alongside dozens of other coins, whereby complete BCH coins do not necessarily have to be purchased. Small shares can also be purchased at the daily updated price.
Which casinos accept BCH?
In fact, the selection of Bitcoin Cash casinos is not too large at the moment. Even providers that accept alternative cryptocurrencies such as the Bitcoin, Ethereum or Litecoin do not necessarily also provide BCH as an option.
Best-known companies with BCH acceptance in Canada are currently:
Most competitors in the industry sometimes exercise discreet restraint, which may be due, among other things, to the fact that the spin-off of the classic Bitcoin has only been around for a comparatively short time.
As things stand, however, it can be assumed that BCH will also gain more and more importance. One of the main reasons for this is its current price, which is still relatively manageable in direct comparison to the original Bitcoin at around CAD450.
How reliably does payment with Bitcoin Cash work?
First of all, it can be stated that the developers of BCH rely on a very robust and secure blockchain technology. This makes it almost impossible for hackers to gain access – which in turn is advantageous for those who either trade with BCH or deposit Bitcoin Cash into the online casino. Accordingly, there is no doubt whatsoever about the reliability.
However, when we talk about security, the price fluctuations must always be taken into account, especially with cryptocurrencies. It is difficult to predict how the price will turn out when a payout is due at the preferred casino. Especially coins like this sometimes fluctuate enormously. This has to be taken into account when making a decision, similar to Bitcoin itself.
The choice of wallet is also important. Bitpanda and Binance are particularly reliable, but Coinbase can also keep up with the two renowned wallets in terms of security measures.
Will I also receive the payout via BCH?
To clarify this question, a short live chat with the preferred crypto casino usually helps. We followed up with 20Bet and it was confirmed that the payout of winnings is basically made in the currency that was used to deposit.
So, if you decide to make a transaction with Bitcoin Cash, you will receive these coins in the course of the withdrawal request to the specified wallet. In the casino itself, however, you play in real money 💰 currency. The conversion is always carried out according to daily rates, which can be easily traced on the exchange, be it Bitpanda, Coinbase or Binance.
Which BCH alternatives are worthwhile?
How Bitcoin Cash will fare in the long term cannot be predicted at this point in time. This makes it all the more sensible, especially for casino players, to know about alternatives. The best known and ultimately the role model for BCH is Bitcoin itself, from which the new coin was split off in 2017. Alongside it, Ethereum and Litecoin are also proven options that are gaining more and more traction in both the innovative gambling industry and the crypto market itself.
Conclusion on Bitcoin Cash Casinos in Canada
Pros and cons are currently still close together when it comes to BCH. Essentially, it can be stated that the cryptocurrency is one of the safest alongside Bitcoin, Etherum and Litecoin. After all, it is not a “new invention” by some resourceful coin developers, but a spin-off of the world’s most successful cryptocurrency.
Bitcoin itself is only conditionally suitable for investors today, while a BCH currently costs a hundredth at only around 450 euros and thus remains affordable even for those players who do not want to invest a fortune in digital assets.
Critics fear that Bitcoin Cash will have a hard time lasting alongside Bitcoin in the long run. Whether this assumption is true is hard to predict at this point. However, the fact is that at least some of the major online casinos are willing to accept BCH as a means of payment. And provided things continue as they have since the spin-off in 2017, more providers could follow.