Best Bitcoin Cash Sports Betting Sites

It’s time for us to reveal the efforts of our team by outlining the Bitcoin Cash betting sites that impressed us the most in 2022. The extraordinary number of sportsbooks available makes...
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1.

BetOnline

Sports Rating 8.70
Available in
Available in United States
8.70
Bonus: 
50% Welcome Bonus up to $1,000
Description: 

BetOnline is an online casino with higher than average betting limits. It offers sports betting, poker, casino, esports, and lots of bonuses throughout the year.

General Information

Year founded: 
2004
Cryptocurrencies: 
Bitcoin Cash
Ethereum
Litecoin
Bitcoin
XRP
Stellar
Cardano
Tether
USD Coin
Dogecoin
Solana
APEcoin
Avalanche
Binance Coin
Chainlink
Polygon
SHIBA INU
Languages: 
English
Licence(s): 
Panama Gaming Commission

Anonymity

BetOnline does not offer anonymity. You must provide your country, postal code and phone number just to open an account. 

Reputation

BetOnline has a fair reputation depending on who you ask. They offer a wide variety of betting options but there are also many complaints against them.

Play on BetOnline
2.

Bovada

Sports Rating 8.48
Available in
Available in United States
8.48
Bonus: 
Up to $3000 in welcome bonuses
Description: 

Bovada.lv is a famous sports betting and casino brand founded in 2011. 

General Information

Anonymity

Bovada.lv doesn't allow anonymous gambling, and players must leave their personal information during registration.

Reputation

Bovada.lv stands out with a solid reputation thanks to Curacao's official license and SSL security license.

Pros and Cons

Play on Bovada
3.

BetUS

Sports Rating 7.80
Available in
Available in United States
7.80
Bonus: 
200% crypto Bonus - JOIN200, 20% cash Bonus - 20CASH, 250% casino Bonus - CAS250, 100% Crypto Sports Bonus - SU100CRYPT
Description: 

This review of BetUS details everything any potential gamblers need to know. We cover everything from the reputation to the bonuses and promotions on the platform.

General Information

Anonymity

You are unable to create an anonymous account. BetUS requires you to input your name, phone number, and even your address in order to place any bets. 

Reputation

BetUS does not have a great reputation. They have a good track record of users being able to deposit & withdraw cryptocurrency easily but that is not the case with cash or bank deposits and withdrawals. 

Pros and Cons

Play on BetUS
4.

GTBets

Sports Rating 7.75
Available in
Available in United States
7.75
Bonus: 
150% Cash Sign-up Bonus
Description: 

GTBets is a sports betting venue that also offers a nice selection of casino games for every taste.

General Information

Anonymity

There is no anonymous play at GTBets. KYC is required by your sixth deposit.

Reputation

GTBets has a good reputation among players, but there is no information regarding ownership. That being said, with almost no complaints they appear to be a trustworthy site. 

Pros and Cons

Play on GTBets
5.

Looselines

Sports Rating 7.30
Available in
Available in United States
7.30
Bonus: 
Get a 100% bonus, up to $2000 on your first deposit!
Description: 

An in-depth look at Looselines; an online casino and sportsbook. Is Looselines legit? This review will allow you to decide if Looselines is right for you.

General Information

Anonymity

Looselines allows you to create an anonymous account using just an email and a digital wallet. This feature is valuable as it allows you to retain your identity and limits the amount of data that can be compromised. 

Reputation

Other than finding out that Looselines is a subsidiary of Jazz Sports, I was unable to find any information about the owners. This can be an issue but is often common practice amongst online casinos.

Pros and Cons

Play on Looselines

Why Should I Make the Switch to Bitcoin Cash on Sports Betting Sites?

You might want to try betting websites with BCH but remain curious about whether you should register.

After all, the whole crypto market remains a mystery to many people despite being exposed to a relatively large audience.

In our experience, most people who play with BCH on betting websites have no interest in returning to fiat websites.

Below, we outline a multitude of reasons why this is the case.

Each year, the value of fiat dwindles

Fiat currency is a form of legal tender propped up by the government that issues it.

Its value is determined by various factors, including interest rates, money supply, and economic supply and demand.

The United States Dollar is one of the best-known fiat currency examples.

Fiat money is always at risk of hyperinflation, a scenario where an economy suffers huge price increases in a short period.

When the Federal Bank of St. Louis took a close look at inflation recently, it discovered something concerning.

The financial institution set the dollar’s value at 100 in 1983, and found that in 2021, this figure had fallen to 37.

Basically, your purchasing power today is about one-third of what it was about 40 years ago.

Even worse, wages haven’t risen anywhere near as quickly in the intervening period.

In fact, since the end of the 1970s, wages have increased by under 1% annually, a percentage that’s significantly below inflation.

Ultimately, holding on to fiat will only make you less wealthy in the long run.

Why is fiat still around?

Governments like fiat money because it maintains their iron grip on the economy.

Banks also love fiat because they have immense power over its usage too.

We now know that only an elite few will ever benefit from fiat, so it is surely time to switch to BCH and get away from a currency that’s only dragging us down.

Proponents of crypto point out that it can act as a hedge against inflation, ensuring you retain a reasonable degree of purchasing power.

Privacy

Bookmakers regularly make the process of depositing cash a real hassle.

Realistically, you can’t use your debit/credit card or deposit via a bank transfer.

Why? Because banks don’t like ‘gamblers’ and make life extremely hard for anyone who uses a betting site.

If a betting site transaction appears on your bank statement, you’ll encounter real problems if you ever look for a loan.

We know of many punters who were refused a mortgage simply for using such sites.

Even if you’re only a casual user, this is likely the case.

Bitcoin Cash changes the game because it keeps banks in the dark.

The decentralized nature of digital assets means you can use them without the oversight of the financial industry.

Essentially, you get to deposit Bitcoin Cash on bookmakers incognito.

Your bank statement shows no such transaction, meaning you can enjoy yourself off the bank’s radar.

Crypto is capable of rapid price rises

Instability is a concern with Bitcoin Cash, as seen by the major increases and decreases in value throughout its history.

However, it seems apparent that crypto has immense growth potential in the long term.

The entire crypto market has hit the trillion-dollar mark on numerous occasions, but this is only the tip of the iceberg.

According to Forbes, the world’s combined wealth is well above $400 trillion, meaning Bitcoin Cash’s value has probably only started to swell.

In comparison, fiat’s worth and usefulness continue to recede at an alarming rate.

Therefore, when you use Bitcoin Cash on bookies, the money in your account could increase even if you rarely use the site.

Full control over your money

Bitcoin Cash doesn’t just offer better growth potential than fiat; it also enables you to take control of your money.

Once you cast aside the yolk of the traditional banking system, you’ll discover a huge array of options.

Crypto is widely adopted

Bitcoin was seen as the only cryptocurrency worth mentioning for a long time.

Nowadays, the public is familiar with a wide variety of digital currencies.

There is a widespread acceptance of crypto in the ‘mainstream’ as its use certainly isn’t confined to online betting.

Although most countries don’t consider cryptocurrency legal tender, a significant number allow its use.

One exception is El Salvador, which adopted Bitcoin as legal tender in September 2021.

This is likely only the beginning, with rumors suggesting Panama, Paraguay, Brazil, and others may eventually do the same.

Crypto offers protection

With Bitcoin Cash, you have the freedom to deposit and withdraw on betting websites as you please.

Alas, those who attempt to use fiat on bookies find that it’s far from smooth sailing.

In the UK, for example, a new regulation in April 2020 caused havoc for many people who didn’t know about it.

When people completed their first deposits on betting sites, they didn’t realize that the bank would prevent them from accessing their accounts.

Furthermore, it took weeks for banks to remove the restrictions in some cases.

In the end, customers were told that there would be consequences if they looked to make additional deposits.

As long as you use a trustworthy Bitcoin Cash betting site, the above problem won’t happen when you use Bitcoin Cash.

Avoid geo-restrictions

In certain countries, it is illegal to place any kind of bet.

If you happen to live in such a location, you can forget about playing on a regular sportsbook.

One reason is that it is challenging to hide the usage of fiat money.

In contrast, it is possible to avoid scrutiny by registering on Bitcoin Cash betting sites once you invest in a high-quality VPN (Virtual Private Network).

A VPN creates a protected network connection, thus disguising your online identity.

Using Bitcoin Cash on sports betting websites adds another layer of protection due to the anonymous nature of digital currency.

By doing the above, you can bet on any site you like, irrespective of the laws in your country.

In some cases, end-to-end Bitcoin Cash betting sites even accept users from nations where betting with fiat or digital currency is prohibited.

Disclaimer

Please note that the information provided above is designed solely to outline a flaw in the system already known to many people.

We will never be proponents of illegal activity, and advise you to avoid breaking the law.

If you get caught, the punishment could be severe.

Suppose you live in the United Arab Emirates; if you’re found guilty of gambling illegally, you could spend up to 24 months in prison.

Also, let’s face it, any Bitcoin Cash betting website that encourages illegal betting is probably not the most trustworthy!

After all, what’s stopping the site from keeping your money and closing your account once they find out where you live?

Ultimately, if you attempt to bypass gambling restrictions, you do so at your own risk, and we accept NO liability.

Consider this your only warning!

Faster Payouts

With conventional sports betting sites, payout speeds remain incredibly slow.

The above is due to sites linking with the banking system and the accompanying red tape.

A relative absence of regulation with Bitcoin Cash sportsbooks means they have a major advantage.

Don’t think this means a complete lack of regulation; bodies such as the Curaçao Gaming Authority do a fine job keeping things in order.

Even so, there are no bureaucratic holdups, which means you benefit from fast transactions.

Those who champion Bitcoin Cash point out that digital currencies are known for allowing super-quick payouts.

Modernity

A few traditional sites permit you to use Bitcoin Cash.

Unfortunately, this does nothing to improve the general transaction speed, nor does it impact deposit/withdrawal limits that much.

Add in regular issues such as poor customer service, old-school design, and bonuses with major stipulations, and there’s rarely much to recommend them.

If you’re looking for a modern-day experience, Bitcoin Cash betting sites are a long way clear of their conventional counterparts.

If you want great design, genuinely helpful customer service, and worthwhile bonuses, it is time to give these crypto sites a try.

High deposit and withdrawal limits

The limits on deposits and withdrawals associated with fiat-accepting sports betting sites are problematic for some players.

You might find that it’s possible to deposit a lot of money but discover that taking out similar sums is impossible.

The main reason for this difficulty is that sports betting sites like to keep withdrawal limits as low as possible.

You’ll likely have to give even more personal information to get what’s rightfully yours.

Even worse, if you’re a regular winner, conventional sports betting websites will restrict your bets or ban you completely.

In most cases, you can’t make a bet worth more than a few dollars at this point.

Bitcoin Cash sports betting websites are in a position to allow significant withdrawals, however, due to less regulation.

Remarkably, some sites don’t bother imposing withdrawal limits.

Due in part to greater competition, such sites are also less strict regarding restrictions and bans for being successful at betting.

Selecting the Right Bitcoin Cash Betting Site For Your Needs

You likely have a few important considerations when picking the right BCH bookmaker for your needs.

We understand that every reader has a different opinion on what matters, so our team investigates various features of the sports betting sites with BCH that we review.

The following are among the most applicable.

Sports and sporting markets

If you love sports betting, BCH betting sites provide you with everything a fiat-accepting sportsbook does and potentially more.

Whether you like golf, tennis, or eSports, these modern sites have you covered.

Furthermore, you have the opportunity to bet Bitcoin Cash on an extraordinary number of markets.

If you don’t get the best prices, forget about earning a long-term profit when you bet.

It is worth analyzing the odds available on several Bitcoin Cash betting sites to see which one provides the best value.

Over time, you might find that a specific site offers better prices than the rest or that one provides poor value.

Overall, finding out if a site can meet all your needs requires additional work, including a thorough analysis of its sport and market variety.

Does the Sportsbook Platform have end-to-end crypto capabilities?

The difference between sports betting sites that accept BCH and specifically end-to-end crypto sites is massive.

Keep reading to learn why you could lose money by making the wrong choice.

Conventional Sports Betting Sites

It is folly to believe that traditional betting sites which happen to permit BCH are useful.

Once you put Bitcoin Cash into your account, it’s the last time you’ll see it for a while.

The site instantly converts it into fiat and turns it back into crypto when you withdraw.

Basically, the whole thing is a mirage because you can’t actually use the BCH on the site.

If that isn’t enough to put you off the process, you also pay deposit and withdrawal fees.

Therefore, if you believe Bitcoin Cash’s value will increase, you must use an end-to-end Bitcoin Cash sportsbook instead.

The benefits of end-to-end BCH Betting Sites

When you use end-to-end Bitcoin Cash betting sites, you conduct every type of transaction exclusively in digital currency.

Your account always has a crypto balance, so you benefit if the price rises and lose out if it falls!

In addition, the top-rated Bitcoin Cash betting sites tend to allow the use of several digital assets.

Look for the following features if you plan to use end-to-end crypto sites:

  • Anonymity

  • Fast transactions

  • Minimal restrictions on transactions

  • Of course, some BCH sports betting sites are better than others, so check out our detailed reviews to discover the best site for your needs.

Bonus standard

Bonuses remain an important feature of any bookie.

To simplify matters, we’ve divided this section into three subcategories.

The welcome bonus

It is standard practice for BCH bookmaker companies to provide a welcome bonus for new players.

Such sites work hard to convince you that they’re doing you a favor.

The 100% bonus, where the site matches your first deposit, is a prime example.

In this case, the Bitcoin Cash sports betting site awards you $200 if you deposit $200, so your starting balance is $400.

Unfortunately, there is a very big stipulation in this instance.

Namely, the fact that you can’t withdraw a cent from the Bitcoin Cash sports betting site until you wager with a minimum of 30 times your deposit.

So, if you deposit $200, your money is trapped in the account until you bet with the equivalent of $6,000.

As such, you’re going to lose that $200 unless you have a massive win, which is highly unlikely.

Given the restrictive nature of a welcome bonus, it is less relevant than the VIP program and promotions offered by a site.

How good are a site’s promotions?

Rather than emphasize the volume of promotions, it is more helpful to focus on the standard.

There’s little point in trying to avail of regular low-value promos, which are often more trouble than they’re worth.

In truth, it is rare for standard betting sites to care a great deal about promotions.

Such sites are more concerned with providing bonuses that are effectively useless to the player.

These days, BCH sports betting sites blow their old-fashioned counterparts out of the water when it comes to promotions.

Once they receive rewards worth mentioning, players have a much better time on the site.

VIP package

Famously, land-based casinos offer high-rollers perks such as free accommodation, dinners, and seats at big sports games.

Obviously, Bitcoin Cash betting sites cannot do this, but most of them try to make big spenders feel special via a VIP program.

The best sites offer innovative rewards programs to loyal players.

Many sites use points reward systems where players earn a point for every dollar they spend on a site.

Let’s say you earn 2,000 points; this could equate to $20 that you can spend how you like on the site.

These programs are often an effective means of keeping high rollers loyal to a specific betting site.

Other VIP program perks could include special gifts and access to unique games.

Sadly, plenty of BCH betting sites fail dismally regarding their VIP offerings.

Ultimately, if VIP rewards are important to you, it is best to check out our Bitcoin Cash betting site reviews to discover the top-ranked sites in this regard.

What payment methods are available?

No matter how many games, bonuses, or features Bitcoin Cash betting sites offer, they’re not worth your time without payment variety and reliability.

Our reviewers investigate the number of digital coins you can use, along with information on withdrawal limits, not to mention how quickly you’ll get your money.

Withdrawal speed

One of Bitcoin Cash ‘s main benefits is its lightning-fast transaction speed.

Some cryptocurrencies can process thousands of transactions every second, though not all have this capability.

Given the market’s competitive nature, BCH bookies understand the need for speed, and some offer virtually instantaneous withdrawals.

The CryptoManiaks team tells you which sites excel regarding withdrawal time and which falter.

Maximum withdrawal limits

Traditional sportsbooks continue to annoy users by preventing them from withdrawing reasonable sums of money at once.

In general, you’re lucky to get a maximum of $10,000 in a week, but some have even lower limits.

This is infuriating if you land a big win, only to discover it takes weeks or even months to withdraw it all.

Thankfully, top-rated Bitcoin Cash betting sites enable users to withdraw substantial sums.

Indeed, we know of a few sites that don’t bother implementing a maximum limit!

With this in mind, you know that a gigantic win can be transferred in moments.

Cryptocurrency choice

The number of digital coins available is in the thousands and growing rapidly.

Unfortunately, only a small fraction of the market has genuine growth potential.

Therefore, it is understandable for Bitcoin Cash bookmakers to remain selective regarding the coins they allow.

Nonetheless, it should support Bitcoin and Ethereum at the very least, along with a few others that have serious potential.

Does your country allow Betting with money?

Even today, dozens of countries don’t allow gambling of any kind.

Unfortunately, we still have a situation where people register with sports betting sites with BCH in countries where betting with money is illegal.

The Bitcoin Cash bookmakers on our top-rated list make sure they’re available to users where gambling is legal, giving them the option to bet on casino games or sports.

Those who look to create an account from an illegal country cannot do so.

Alas, low-grade betting sites with Bitcoin Cash seize upon this mistake and gratefully accept users from every country.

It is an easy way for them to make money since they can place the blame solely on the user.

Once you deposit money, however, they ask for verification details and ban you while withholding your money.

One workaround is to invest in a VPN to avoid geo-restrictions.

Well-respected Bitcoin Cash betting sites will quickly suspend you if they uncover your deception, but you should get your account balance back.

Even if you don’t lose money in the end though, you’ll have bigger problems if law enforcement in your country catches you!

Customer service

Never underestimate the importance of a high-quality customer support team.

Without one, you’re completely lost if anything untoward happens on the Bitcoin Cash betting site.

No matter the issue, if there’s an experienced and helpful agent around, you’ll feel less frustrated.

All of our reviews feature relevant information on a site’s attitude towards customer service.

This includes details of our interactions with several agents, emphasizing speed and helpfulness.

Bitcoin Cash Betting Site Reputation

The permanent nature of Bitcoin Cash transactions is a great feature, but it can also cause major problems.

If you make any mistake when transferring money, you can probably say goodbye to it!

This is also the case if you register with a dubious Bitcoin Cash bookmaker that steals your cash.

Bitcoin Cash is decentralized, meaning there are no intermediaries such as banks, brokerages, or exchanges to complain to if something goes wrong.

With this in mind, discovering everything you can about the reputation of Bitcoin Cash sports betting sites is crucial.

Apart from doing your own research, read our reviews to see if you can trust the sites you’re interested in using.

We spend hours on each Bitcoin Cash betting site we review, noting our experience, and also get additional first-hand information from real users.

By the time we’re finished, we will tell you everything you need to know about the reputation of each site we cover.

The Standard of Betting Choices Provided by the Bitcoin Cash Betting Site

The immense competition between sports betting sites with BCH means they have to maintain high standards regarding the sports and markets they offer.

Our team investigates the different sports markets available on each site it reviews to help you decide if they are suitable for your betting style.

The best eSports markets

The electronic sports industry is no longer a niche market; it has become a global phenomenon.

Indeed, eSports attracts an audience of several hundred million fans, making it incredibly lucrative for top performers.

eSports consists of world-class video gamers testing their skills in specific leagues.

Games of note include Call of Duty, Dota 2, and Rainbow Six.

If you’ve never bet on eSports before, you might be surprised to see markets similar to traditional sports, including:

  • Game winner

  • Outright winner

  • Handicap

  • First blood

  • Team maps

Before you decide to bet on esports, remember that information is power, so find as much relevant data as possible.

This is why we have included a quick overview of five great games available on Bitcoin Cash betting sites.

Rainbow Six: Siege

Released by Ubisoft in 2015, few games have captured the attention of the esports community more than Rainbow Six: Siege.

This First-Person Shooter (FPS) is played by two teams of five competitors who must defend or attack.

With over 50 operators to choose from, players are spoiled for choice.

As with DOTA 2 and League of Legends, much thought must go into picking an operator for strategic reasons.

Rainbow Six: Siege differs from other popular FPS games insofar as you have the option to damage terrain.

This offers gamers new ways to win a shootout or get inside a building occupied by opponents.

Call of Duty

Often abbreviated to CoD, Call of Duty is among the world’s most popular First-Person Shooter (FPS) games.

In esports, two teams play Call of Duty and try to earn a victory in different game modes, including:

  • Hardpoint: Those familiar with CoD know the importance of the ‘hardpoint,’ and teams earn points for each second they’re in charge of this region

  • Domination: Flags denote the three static objectives that the teams try to command, and they get points based on how long they dominate the flags

  • Search and Destroy: Team A tries to plant and explode bombs at one of the two bomb sites on the map, while team B tries to stop them from succeeding

There is a specific Call of Duty League comprised of the best players in the world.

DOTA 2

DOTA 2 allows players to select from over 100 characters and is regarded as one of the world’s best multiplayer online battle arena (MOBA) games.

Competitive DOTA 2 sticks to the “two teams with five players apiece” esports formula.

Winning at this game involves destroying the opposition’s “Ancient,” a massive structure located in the heart of their territory.

Few esports games are as widely played and watched as DOTA 2.

With 30 teams involved, The International is the #1 DOTA 2 event and takes place annually.

League of Legends

Developed by Riot Games and released in 2009, League of Legends (LOL) is a popular MOBA played by professional gamers.

Competitive LOL features two teams of five who try to destroy each other’s base, called the “Nexus.”

Pros pick one of the 130+ characters available and must note the different attributes of each before making a selection.

Throughout the game, players must finish challenges to boost their character’s power and give their team an edge.

The LOL World Championship is an annual event, and the winning team gets to bring home the Summoner’s Cup, which weighs approximately 70 pounds.

FIFA

The World Cyber Games began in 2001, and FIFA Football was an official game at the very beginning.

The popularity of soccer means that regional tournaments feature a huge number of players from various nations.

Successful players are allowed to participate in the Regional Playoffs, an important part of the FIFA Global Series.

Players can only control one character at a time, so AI is in charge of the rest; this is considered a problem in some quarters.

Nonetheless, with such a huge target audience, it seems likely that FIFA’s popularity will continue to grow in the esports sphere.

A quick guide to Betting on virtual sports

Unlike real sports, where the competitors decide the outcome, virtual sports events rely on a random number generator (RNG) to determine the result.

When betting on virtual sports, please note that you see the same outcome as everyone else watching.

The algorithm is random, meaning the Bitcoin Cash bookie can’t rig any events.

You’ll quickly find that virtual sports markets seem familiar because they replicate their real sports counterparts.

However, as the ‘competitors’ never get tired, it is possible for BCH betting websites to host these events every few minutes.

Consequently, the number of betting options daily ranges from hundreds to thousands.

What are the most popular virtual sports to Bet on?

Take your pick! Bitcoin Cash betting sites are well aware of the interest in this form of gambling and offer an ever-growing list of events.

These include darts, basketball, and soccer.

Once you place your bet, the event begins with everything decided completely at random.

Many bettors like that they can make wagers without needing to conduct research.

There are greyhound races every 60 seconds, with cricket fixtures usually occurring every four minutes.

As long as you bet within your limits, you might find that watching virtual sports is a fun way to spend some time.

What are the most popular markets in virtual sports?

betting on virtual sports markets is easy if you have experience in gambling on real sports.

In general, the markets are more simplistic, but certain sports offer a surprising number of options.

In basketball, you can bet on the points total or spread, whereas the following markets are available in soccer:

  • Fulltime result (Home, Draw, Away)

  • Correct Score

  • Double Chance

  • First Goalscorer

  • Handicap Markets

In certain cases, players who bet on Bitcoin Cash betting sites prefer the different experience these events provide compared to real sports.

If you’re interested in discovering the upsides and downsides of virtual sports, keep reading!

Virtual sports advantages

  • There are hundreds of events every single day

  • As long as you use a reputable BCH sports betting site, there is no chance of the event’s outcome being rigged

  • You don’t have to worry about injuries, weather conditions, or form when making bets

  • As there are events every few minutes, you never have to wait long to get involved

  • There is absolutely no skill involved whatsoever

Problems with virtual sports

  • As the outcome is random, there’s no way to gain an advantage

  • Over time, you’ll lose money because the Bitcoin Cash sportsbook has a house edge

  • With so many events each day, it is possible to lose massive amounts of money quickly

  • At present, BCH sportsbooks still offer far more markets for real sports

  • While virtual sports can be entertaining, they pale in comparison to the excitement generated by real sporting events

What Sporting Events & Markets Does The Bitcoin Cash Sports Betting Site Offer?

Sports lovers will be delighted to know that the best Bitcoin Cash sportsbooks cater to almost all their needs.

When reviewing Bitcoin Cash betting sites, we investigate the different sports and markets available, not to mention the available odds.

Betting experts know that they can forget about making a profit without the right pricing in a sports market.

Keep reading for information on five sports favored by crypto site users and information on the top markets.

Advantages and Disadvantages of Using Bitcoin Cash on Betting Sites

betting with Bitcoin Cash may be tough for new customers.

Before choosing Bitcoin Cash on bookmakers, be sure to understand its pros and cons.

Everything about Bitcoin Cash

Bitcoin Cash is a crypto option launched in August 2017, shortly after a Bitcoin fork.

After a new form in 2018, the cryptocurrency was split into two options – Bitcoin Cash ABC and Bitcoin Cash SV.

Even if they have some philosophical differences, both Bitcoin and Bitcoin Cash have obvious similarities.

Both of them have the same mechanism and a restricted supply of 21 million.

Advantages of Bitcoin Cash

Be sure you understand the pros of Bitcoin Cash once you start betting.

Fast Transactions

Bitcoin Cash is known for fast transactions, processing more than 1000 transfers per second.

This makes the Bitcoin Cash recommended because of its good capacity and potential.

However, there is still a good way ahead for Bitcoin Cash compared to other Bitcoin Cash in the market.

Increased scalability

Bitcoin Cash is better than other cryptos in terms of scalability.

This is because of the larger block size and improved efficiency.

Better scalability means that more customers can process transfers at the identical time.

This also brings lower fees for users.

Decentralization

Bitcoin Cash is free of bank and third-party control.

Your money will be safe from third parties and central banks.

You control the total amount you spend for betting.

Disadvantages of Bitcoin Cash

Be sure you know the cons of using Bitcoin Cash.

Reduced adoption

Bitcoin Cash is still not the first option among players.

This could result in potential problems as the success of crypto is based on its usability.

Bitcoin Cash could have some issues with future growth.

Decreased security

Bitcoin Cash is not as secure as its predecessor Bitcoin.

It can process more transactions at a lower price, with less mining power required for the verification of blocks.

Branding concerns

After the fork, Bitcoin Cash has faced many branding-related problems.

This is because of the struggle between the cryptocurrencies to be differentiated from each other.

The differentiation becomes even more difficult as both share similar names.

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Written by

Brian N.

A decentralization maximalist, Brian has been involved in the blockchain space since 2016 and has a master’s degree in Public Policy & Law. He has worked with the United States Surface Transportation Board, the law group Squire Patton Boggs and the Children’s Defense Fund, where he gained experience on a range of policy issues. These experiences have led Brian to pursue a career in promoting decentralized policies.

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