Bitcoin Cash in Australia

What Is Bitcoin Cash?

Bitcoin Cash is a Bitcoin fork, which means it is based on the classic Bitcoin codebase but uses more advanced features. Its sign is BCH. Bitcoin has many forks, but BCH is probably the most successful (and popular) one. It is rumored that some of the original developers of Bitcoin work for BCH project. In technical terms, it is superior to Bitcoin in every aspect and provides the same benefits of all crypto-currencies, including anonymity, fast transactions, and lower fees.

How to Make a Deposit with Bitcoin Cash?

Like all other cryptocurrencies, BCH users need a wallet too. A wallet is a digital storage space for your BCH balance. You can obtain a wallet completely for free, just make a search for “Bitcoin cash wallet.” Choose a wallet that has a mobile version, it will be easier to use. Once you get the wallet, you will also get a blockchain address.

This address consists of lots of numbers and letters, do not try to memorize it. You can always see it in your wallet. Blockchain addresses are the way to make a transaction: Each BCH user has one, including your online casino. Think of them like bank account numbers. However, unlike regular bank accounts, they cannot be tied to a person – they are completely anonymous.

To make a deposit, you must learn the address of the casino, a.k.a. the “receiver.” Online casinos provide their blockchain addresses on their payment methods page, check here to find the address. Switch to your wallet, determine the amount you wish to deposit, enter the address of the casino, and hit “send.” That’s all. Your deposit will be reflected your account in a couple minutes. You will pay a transaction fee, but its amount will be different each time according to the trading volume of the BCH blockchain. However, it will always be lower than regular payment methods and many other cryptocurrencies, such as BTC.

Bitcoin Cash Accepted Casinos

As we mentioned above, there are many online casinos that provide support for BCH and accept it as a payment method. Below, you can find our recommendations. You can deposit and withdraw in BCH at these addresses.

• mBit
• Bob Casino
• Bit Starz
• Fortune Jack
• Play Amo
• BitCasino.io
• BetChain
• BetCoin.ag
• Crypto Wild
• Bitsler

Note that many other online casinos join to the list every day. We recommend checking our website regularly to see the most up-to-date info.

How to Withdraw Bitcoin Cash Balance?

The withdrawal process is very much like the deposit process. Instead of sending, you are receiving – this means you need to give your address to the casino. Again, navigate to the payment methods page and start the withdrawal process. When asked to choose a method, pick “Bitcoin Cash”. The casino will ask for your blockchain address. Enter it, determine the amount, and hit the “withdraw” button. The whole process will finish in a couple minutes. The amount you get will be a little lower due to the transaction fees. Things to remember are:

• You can withdraw in BCH only if you deposit with BCH. Online casinos do not exchange crypto-currencies.
• For the same reason, your payment will be in BCH, not Fiat currency (i.e., USD, EUR). You need to use an exchange site to convert your coins into Fiat currencies.

Advantages of Using BCH

• Provides anonymity
• Can be mined. So, in theory, you can mine your gambling budget
• Faster than many other cryptocurrencies
• Very low transaction fees
• A better choice for small-sized bets due to transaction fees.

Exchange Rates

Just like Fiat currencies, crypto-currencies have exchange rates too. Most of the online casinos will provide a screen for tracking these rates, but we recommend using your own. Coinmarketcap is probably the best source for this, due to its popularity and reliability.

Bonuses Offered by Bitcoin Cash Casinos

If you are wondering the bonuses of BCH casinos, take a look at the table below:

Casino Games Offered with Bitcoin Cash

There are no casino games developed for a specific currency. All casino games are designed to work with “coins”, which is a virtual balance tied to the real balance of the player. In other words, you can play all of the games in an online casino with BCH, including but not limited to slot machines, video poker, blackjack, roulette, baccarat, and even live casino games.