Payment options have always been a top priority for NZ gamers as it significantly affects their winnings. The emergence of more secure methods like BTC and BCH has given them more confidence to play on platforms that accept and disburse it. If you are new to the world of cryptocurrency, you may find yourself confused by various terms and concepts. However, it is crucial to understand these ideas to make informed investment decisions. Among the most confusing terms are Bitcoin and Bitcoin Cash, and comprehending their differences benefits gamblers.
While Bitcoin Cash originates from Bitcoin, both currencies have become well-known in the cryptocurrency market. Numerous online casinos have started accepting digital currencies. This means that players now use cryptocurrencies instead of traditional fiat currencies to play top-rated games.
If you are on the lookout for the casino that accept Bitcoin or BCH, this guide will provide a comprehensive review of the best ones. To determine the platforms suitable for New Zealanders, crucial aspects to consider are bonuses, security, game selection, payment methods, and customer support. The article also highlights what sets BTC apart from BCH and the advantages or disadvantages they have over each other.
What is BTC?
Bitcoin is a digital currency created by an unknown individual or group called Satoshi Nakamoto in 2008. It was first used in 2009 and was created through mining. Bitcoin Cash, on the other hand, is a payment network and cryptocurrency that emerged in December 2017 as a result of a hard fork with Bitcoin. Its creation aimed to address concerns about the scalability and future of Bitcoin.
BCH was developed by Bitcoin miners and developers, and it has its own blockchain and specifications, setting it apart from Bitcoin. It has its hash algorithm, which eliminates the possibility of a replay between the two blockchains. If BCH experiences another hard fork, there is a replay and wipeout safety mechanism in place. If a fork occurs, both chains can coexist with minimal disruption to all parties involved. A fork occurs when some nodes on a blockchain network adopt a software update that others do not.
Since its inception, BCH has climbed the ranks to become the fourth-largest digital currency in terms of market capitalization. It shares similarities with Bitcoin, as it can be mined and traded. BCH is a popular choice for online gamblers due to its ease of transferring winnings from a Bitcoin Cash casino to a personal wallet. It has a faster transaction speed compared to BTC and also accelerates the confirmation of transactions. Moreover, it offers greater anonymity for Kiwis compared to other cryptocurrencies when playing BCH games.
As the rate of Bitcoin creation declines and demand for it increases, its value rises, explaining why it has become popular too. When a coin undergoes a fork, individuals who hold the original coin are automatically awarded an equivalent amount of the newly created coin. For instance, when Bitcoin forked to create BCH. An individual who possessed 10 BTC at the time automatically receives a corresponding amount of BCH with a value equal to their 10 BTC holding.
BTC vs BCH: Full Comparison
The primary difference between Bitcoin and Bitcoin Cash is that BCH has its blockchain and specifications. BCH transactions are processed faster than Bitcoin, which takes about 10 minutes to verify. Additionally, it offers lower average transaction fees, while BTC has been struggling to meet demand due to its high transaction fees. This results in a smoother process of transferring your casino winnings to your wallet. Likewise, if you play with your bankroll, the anonymity BCH offers means you cannot connect your winnings to any of your bank accounts or credit cards. Although some casinos may accept BTC and traditional currencies, this is not as widespread.
BCH handles more transactions per second than Bitcoin, meaning more people may use BCH simultaneously. These changes are attributable to the fact that a Bitcoin Cash block in the blockchain is eight times larger than a Bitcoin block. This makes BCH quicker, more affordable, and more scalable for NZ punters. Regarding user experience, Bitcoin Cash casinos are more user-friendly compared to those that solely accept Bitcoin. In addition, Bitcoin Cash incorporates replay protection, ensuring that transactions on one blockchain will not be considered valid on the other.
However, BCH currently has lower investor confidence and a lower adoption rate than Bitcoin, partly because it is a newer coin. Also, the profitability of mining Bitcoin Cash is much lower than mining BTC using the same equipment. Consequently, miners are less eager to mine Bitcoin Cash. Additionally, BCH has fewer trading pairs than BTC, which makes it less liquid and less attractive for trading.
Being an older currency, Bitcoin is slower and more expensive per transaction for New Zealanders. As the cryptocurrency market expands, Bitcoin may gradually lose its dominance over other coins with better scalability features. Likewise, BTC’s core development team is not as cohesive and effective as other cryptocurrencies, such as Ether.
Popular Bitcoin Casinos in New Zealand
Many online gambling platforms accept BTC and other cryptocurrencies. The following are the best three sites for NZ gamers:
Zoome Zoome is a crypto casino that offers players a variety of games from leading providers like NetEnt, Pragmatic Play, Endorphina, Microgaming, and more. The platform is accessible in multiple languages and can be enjoyed on various devices, including PCs, laptops, smartphones, and tablets. Additionally, the casino is fully licensed and regulated by Curacao, ensuring player security. However, countries like the USA, France, the UK, Netherlands, Ukraine, Greece, and Russia are restricted from accessing the casino. Virtual games are a major attraction at Zoome Casino, with over 4000 games to choose from. This includes an array of slots and table games, plus multiple variations of blackjack, roulette, and more. Similarly, Zoome offers a Live Casino section. The platform’s customer service team is available 24/7 to assist customers who require it. They accept numerous banking options, including Visa, Maestro, MasterCard, Skrill, Bitcoin, Bitcoin Cash, Dogecoin, Litecoin, Ethereum, Tether, Paysafe Card, and more.
DundeeSlots Dama NV created DundeeSlots Casino in 2022. It holds the Curacao license and boasts a stylish design that sets it apart from many other online casinos. The navigation of the site is straightforward. The platform offers hundreds of casino games and over 1,500 slots from top providers. It provides a diverse selection of poker games, blackjack variants, craps, roulette games, baccarat, and many other popular games. DundeeSlots has a rich selection of banking methods, including Visa, Mastercard, Skrill, Maestro, ecoPayz, Neteller, Paysafe Card, bank transfer, and virtual credit cards. It also includes cryptocurrencies like Bitcoin, Dogecoin, Ethereum, Litecoin, and Bitcoin Cash. It gives numerous bonuses, and active customer support and is easily accessed on different mobile devices.
Dolly Dolly casino is owned and operated by Rabidi N.V. It is licensed by Curacao and has SSL encryption on its website, securing it for Kiwis. The platform gives impressive freebies with a welcome package of a 100% match bonus. Other bonuses include free spins, a weekly reload deposit bonus, and a VIP program. However, countries like Afghanistan, Bulgaria, Cyprus, Estonia, Iran, Malta, North Korea, and the USA are restricted from accessing the site.
Dolly has an excellent selection of games from companies like NetEnt, Evolution Gaming, Playtech, Yggdrasil, Spinomenal, and Quickfire. Available titles include keno, baccarat, roulette, craps, slots, video poker, and many more. The site is optimized for mobile devices with a robust customer support system. Banking options include bank transfer, Visa, Ecopayz, Astropay, Neosurf, Ripple, Ethereum, Bitcoin, and Litecoin.
Popular Bitcoin Cash Casinos NZ
If you are searching for the best platforms that accommodate BCH as a banking option, search no further. Here are the top 3 sites for New Zealanders:
Bluechip Providing more than 8,600 games, BlueChip is one of the best Indian online casinos for crypto gameplay. The titles include roulette, blackjack, slots, live games, and many more. They are provided by top-rated developers like Evolution, Pragmatic Play, Microgaming, Nolimit City, Ezugi, and others. The customer support is excellent and typically replies within a short period. Furthermore, there is a wide range of payment methods, including Paytm, Netbanking, Astropay, Jeton, MuchBetter, Visa, MasterCard, Bitcoin Cash, Ethereum Wallet, Tron Wallet, and others. They offer cool bonuses, loyalty programs, and promotions. The website is user-friendly and optimized for mobile devices.
Skycrown Skycrown is a casino with a good reputation for NZ gamers. It offers different language options with a wide range of payment options. They include Skrill, Neteller, EcoPayz, MasterCard, Paysafe Card, Ethereum, Ripple, Tether, and Bitcoin Cash. The array of games on the site is impressive. Slots, roulette, blackjack, video poker, keno, craps, baccarat, and jackpot games are some of the available titles on the website. The games are provided by respected developers like NetEnt, Playtech, Nolimit, Play’n Go, Evolution Gaming, Playson, and many others. The platform’s security is guaranteed, and players’ personal information is well protected. They have impressive bonuses and promotions for new and loyal customers. There are also responsible gambling tools on the site, which are easy to navigate.
King Billy King Billy is a reputable online casino brand for Kiwis, established in 2017 by Dama N.V. The site has over 5,000 games, including roulette, blackjack, baccarat, craps, and live games. They are developed by top providers like Evolution Gaming, Betsoft, Playtech, Pragmatic Play, and Yggdrasil. The site is user-friendly and optimized for mobile devices. The platform gives a Vegas-like online casino experience with a cool medieval theme and a 95.9% payout percentage. The banking options are broad and flexible, including Visa, MasterCard, PayPal, Paysafe Card, MuchBetter, American Express, Bitcoin Cash, and many other cryptocurrencies. They also offer unique promotions and a welcome bonus of up to $NZ400 and 250 free spins.
Other Crypto Alternatives
Apart from BTC and BCH, modern casinos suitable for New Zealanders also offer other cryptocurrencies as payment methods. They include Ethereum, Litecoin, Dogecoin, Ripple, Tether, and others. Virtual gambling platforms like Skycrown, King Billy, Bluechip, Dolly, DundeeSlots, and Zoome accommodate such options.
Litecoin is a highly utilized cryptocurrency. Its popularity stems from the network’s speedy and cost-effective transaction capabilities, making it a preferred choice among gamblers in crypto casino gaming. Ethereum is also used to send cash directly from your wallet to the casino’s wallet. Platforms that accept Dogecoin enable users to fund their accounts with cryptocurrency. They often impose no restrictions on the amount of Dogecoins that players may deposit, allowing them to add as many coins as they desire. Like other cryptocurrencies, Ripple and Tether provide secure, fast, and cost-effective transactions on gaming sites.
There is no doubt that BTC and BCH are some of the most secure and speedy payment options available for NZ punters. They keep your details safe and help you to manage your funds. The best Casino sites that provide them as banking options have been highlighted above. Factors to consider when selecting a gambling site include the range of payment choices, speed of deposits and withdrawals, secure transactions, and selection of games. You should also check mobile options, bonuses, and customer support service. Remember to understand the wagering requirements and read the terms and conditions on each site.
It has been clarified that Bitcoin Cash was created from Bitcoin to address scalability issues. The differences between them have also been highlighted. Determine the best option for you and choose a reputable cryptocurrency exchange platform when purchasing digital currency. Do not forget to store your crypto in secure wallets too.
Online gamblers find Bitcoin Cash highly appealing because of its seamless transfer of winnings to a wallet and its heightened anonymity compared to other cryptocurrencies. However, it is crucial to keep in mind that other cryptocurrencies are available, including Ethereum, and Litecoin, which may suit your preferences better.