Bitcoin vs Bitcoin Cash: Which is Better for Crypto Gambling?

In the beginning, there was Bitcoin. If there had been a Book of Genesis of cryptocurrencies, it would have started like this. Since the inception of Bitcoin (BTC), many virtual currencies have been created. Still, none of them are as widely spread and recognised as the one referred to as digital gold.

One of the many cryptocurrencies you can use at crypto casinos is Bitcoin Cash (BCH). Created as a hard fork from Bitcoin, BCH has been around since 2017. It was launched 8 years after Bitcoin with one goal: to enhance scalability and enable processing more transactions per second.

In this article, we compare Bitcoin and Bitcoin Cash in the context of crypto gambling. Stay with Crypto Gamba to discover which cryptocurrency is a better choice for playing crypto games.

Comparing Bitcoin and Bitcoin Cash Side-by-Side

To help you understand all the differences between BTC and BCH, we have analysed key aspects that can affect your crypto casino experience. Here is all you should know to make an informed decision.

Adoption in Crypto Casinos

Bitcoin reigns supreme at crypto casinos; that’s a fact. It is accepted at most crypto gambling platforms as the main payment method because of its wide adoption and trustworthiness.

The number of BCH-friendly platforms is smaller compared with those supporting BTC. Yet, this may change soon, with more and more crypto casinos adding Bitcoin Cash to their banking options.

So, when it comes to adoption, Bitcoin is a better option since you can use it at almost all crypto casinos.

Security and Privacy

Bitcoin is considered the most secure cryptocurrency in the world, with its network being highly resistant to attacks. Hence, it’s a trusted option for crypto gambling.

Truth be told, Bitcoin Cash is considered less secure than Bitcoin. The main reason behind the lower security level is that fewer miners verify transactions on the BCH blockchain.

As for privacy, BTC users should be aware that their transactions are pseudonymous. However, that doesn’t mean they’re fully private. Although your name may not be visible, Bitcoin transactions are linked to a public address, which can be traced back to your identity. So, we can conclude that BTC transactions are not anonymous.

Bitcoin Cash doesn’t differ from BTC in terms of privacy. Therefore, BCH transactions are also pseudonymous, and your identity won’t be completely hidden.

Transaction Speed and Scalability

Transaction speed is one of the major concerns when playing at crypto casinos, especially when withdrawing winnings. That’s where Bitcoin doesn’t compare with some younger cryptocurrencies. Its blocks are limited to 1 MB, which results in slower transactions taking 10 minutes on average. The block time may be even longer if the network is congested due to high demand.

One of the main reasons why Bitcoin Cash was created was to address scalability issues. By increasing the block size to 32 MB, the Bitcoin Cash blockchain processes more transactions per second. However, for you as a user, it’s important to know that each transaction takes as much as one made in Bitcoin. Yet, thanks to enhanced scalability, the network won’t get congested even in a high-demand environment.

Transaction Fees

Another thing you must be familiar with is what fees a crypto transaction incurs. When it comes to Bitcoin, fees may be high, especially during network congestion. On average, you may be required to pay from a few dollars up to $20 or even more. So, if you are a casual player, Bitcoin may not be the most cost-effective option.

Conversely, Bitcoin Cash has significantly lower transaction fees, even if the network is busy. With its fees setting you back only a fraction of a cent, BCH is a great option for those who deposit and withdraw moderate amounts.

Volatility

Last but not least, we must discuss volatility. Historically, Bitcoin has been the most volatile cryptocurrency, with its price fluctuating due to various reasons. Although its market cap and adoption have somewhat helped stabilise its price, BTC price can still ebb and flow, which can impact the real value of your funds.

Interestingly, Bitcoin Cash can be even more volatile than Bitcoin, mainly due to a smaller market cap and adoption. Therefore, it may be a riskier option than BTC, especially for newbies to crypto gambling. Many choose stablecoins as an alternative to BTC, BCH and other cryptocurrencies whose prices tend to fluctuate.

Final Verdict

So, Bitcoin is better in terms of adoption, security and volatility, while Bitcoin Cash offers faster transaction speed, better scalability and lower fees. If privacy is your biggest concern, you should know that both options offer pseudonymous transactions. Privacy coins are a great alternative for those gamblers who want them to be 100% anonymous.

Now that you are familiar with all the intricacies of Bitcoin and Bitcoin Cash, you can decide which option is better for you. After all, you should make decisions based on your preferences and options supported by the crypto casino you’ve signed up with.