Well, during the middle of 2017, a group of developers chose to increase the Bitcoin block size limit, and they prepared a code change. This change, which is known as a hard fork, came into operation on August 1st of that year. Due to this, the Bitcoin ledger (commonly known as the blockchain) and the cryptocurrency were split into two separate entities. At the time, anyone who possessed Bitcoin also became an owner of the same number of Bitcoin Cash units.
Because of this, Bitcoin Cash is generally referred to as a spin-off of Bitcoin, although it is more commonly categorized as an altcoin. But this altcoin is much more than simply a creation that came as part of Bitcoin. Instead, it has risen over the proceeding months to be just as readily accepted at online gambling sites as the Bitcoin cryptocurrency.
So, anyone who is looking to involve themselves in online CS:GO betting can also find satisfaction in making deposits and withdrawals via Bitcoin Cash. It provides you with just as much ease and swiftness as other cryptocurrencies, ensuring that you’re able to access CS:GO betting as soon as possible.
Top Sites for CS:GO Betting with Bitcoin Cash
So, you’re all ready and prepared to make some CS:GO bets, but now you need to locate a platform to do that at. Fortunately, there are quite a few locations that both accept Bitcoin Cash and provide CS:GO betting. We have brought a collection of these sites to you right here so that you can find one that you like.
These, we believe, are the top sites for participating in CS:GO betting with the Bitcoin Cash cryptocurrency. How do we know this? Well, we’ve visited them, registered accounts at them, and placed some CS:GO bets using the Bitcoin Cash cryptocurrency, too. We’ve had a first-hand experience of what Bitcoin Cash betting is like at these sportsbooks.
We’ve checked out the speed of depositing and withdrawing, the easiness of using the platforms, whether they invoke any additional fees on transactions, how fun it is to bet on CS:GO there, and much more. With such an insight into these sites, we’ve managed to gather a collection of those we think are the best.
So, if you’re looking to get involved in CS:GO betting with the Bitcoin Cash digital currency, you need look no further than this list of the top sites.
Why Bet on CS:GO with Bitcoin Cash?
Gone are the days of online sportsbooks only providing credit and debit card deposits. Now, these platforms tend to be a lot more diverse in the payment methods and betting currencies that they accept. This includes Bitcoin Cash for several of them, which is a great thing, as the cryptocurrency is gaining more ground in popularity and usage.
This could be for many reasons, but one of the prime reasons to bet on CS:GO with Bitcoin Cash is for the speed at which it operates. You can make instant deposits with it and swift withdrawals, too. Generally speaking, both of these transactions should take place instantly, although a time span of within 15 minutes is usually given. That’s still quicker than cards, bank transfers, and some e-wallets, as far as withdrawals are concerned.
Additionally, Bitcoin Cash is very secure and safeguards your personal details – mainly because it doesn’t require any for you to utilize the cryptocurrency. All you need to do is use the address of your wallet and the address of the sportsbook’s wallet to be able to transfer funds. This means that you’re not giving up any information on bank details, personal information, or anything else. Anonymity is the name of the game when it comes to Bitcoin Cash.
You’ll also find that Bitcoin Cash, like most cryptocurrencies, is more likely to provide free deposits and withdrawals to you. For us, there’s nothing worse than having to give additional money or have some taken off of your deposit to pay for the transaction. Bitcoin Cash is a decentralized digital currency, meaning that it rarely requires any transaction fees to operate. This works as a great pointer for anyone who is looking to place CS:GO bets at an online sportsbook.
How to Get Started with Bitcoin Cash Betting
Bitcoin Cash is a cryptocurrency that you’re required to purchase from an online exchange. Therefore, you need to convert your fiat currency into the cryptocurrency this way. It’s not a difficult process to go through, though. You can find several online exchanges that deal in the Bitcoin Cash digital currency.
Then, once you find an exchange, you simply need to purchase the Bitcoin Cash currency – try finding one that has the best exchange rate for you. Once you receive the cryptocurrency, it’s important to store it in a safe location. This means that you should have a wallet to transfer it to. It’s not recommended to use the exchange’s built-in wallet because they’re a lot less safe than other wallets.
It’s our advice that you utilize a hardware wallet or a paper wallet, because these are safer methods of storing your Bitcoin Cash. Then, you’ll just need to go to the “Send” section of the wallet. The sportsbook that you have chosen to bet on CS:GO at should also have a Bitcoin Cash wallet, with the address for this being found via the cashier.
Copy and paste the address of the sportsbook’s wallet into your own wallet, and then input how much Bitcoin Cash funds you would like to transfer there. Hit that “Send” button again, and the deposit should be done instantly. This allows you to start making your bets on the esport.
Pros and Cons of Betting with Bitcoin Cash
- Transactions without added fees
- Instant deposits and withdrawals
- Anonymous transactions
- Faster transaction time than Bitcoin
- Not as many sportsbooks accept Bitcoin Cash as those that accept Bitcoin
- High volatility level
Bitcoin Cash FAQs
Is Bitcoin Cash Different from Bitcoin?
Yes. Bitcoin Cash is actually the continuation of the Bitcoin project, working as peer-to-peer digital cash.
Why Was a Fork So Necessary to Create Bitcoin Cash?
The legacy Bitcoin code had a maximum limit of 1MB of data per block. This basically gave the possibility for three transactions per second, roughly. The Bitcoin community could not reach a consensus for raising that limit, which is why the fork was created.
Why Didn’t Bitcoin Just Raise the Block Size?
Some developers didn’t understand or agree with the original version of the peer-to-peer electronic cash that had been created by Satoshi Nakamoto. They had an alternative vision for Bitcoin, which led to a divide, and subsequently, the creation of Bitcoin Cash.