Many people are using BitcoinCash as their preferred digital currency. Many users of that cryptocurrency do also like to use it as the way they make deposits, gamble and then withdraw any winnings from any gambling site they are a member of too.
You may be currently comparing several different cryptocurrencies, and trying to work out the pros and cons of using one over any other, as the main way that you fund your gambling site accounts, and also get paid out your winnings from such sites too.
If you have been looking at BitcoinCash and wondering how it stands up in comparison to any other cryptocurrency when used as a gambling site payment option, then you will be interested to learn there are quite a lot of different gambling sites that do accept it.
Plus, the actual purchase price of BitcoinCash is nowhere near as shockingly high as the cryptocurrency it is a fork of, that being Bitcoin, and its value is not as hugely volatile as Bitcoin either, so that is one thing worth keeping in mind!
One thing that does always need to be kept in mind though when using any cryptocurrency as a gambling site payment option, is just how easily and just how cost effectively you are going to be able to turn your cryptocurrency holdings into cold hard cash.
Sadly these days when you do make use of any digital currency exchanges you are going to be faced with having to pay some outrageously high fees, and may also be limited in regards to the number of ways that you can turn your cryptocurrency into any fiat currency too.
With that in mind do consider making use of some of the many BitcoinCash ATM’s that are appearing in locations in many different countries of the world in increasing numbers.
There are currently 174 BitcoinCash ATM’s in various different locations and that number is set to increase massively over the coming year.
When you do opt to use such an ATM you will be able to turn any quantity of BitcoinCash into the local fiat currency, but be aware that different operators of those machines will often have a different maximum limit imposed on each single transactions.
So if you do want to convert a large amount of BitcoinCash into cash then you may have top split it up into several smaller valued transactions.
There is of course a fee to use a BitcoinCash ATM, but those fees and charges are often based on the operator of those machines, where they are located and often also the actual quantity of BitcoinCash that you wish to buy and sell,.
So whilst it is going to be very easy to cash in your winnings or your bankroll when it is stored on the BitcoinCash blockchain, you are going to be faced with fees and charges when choosing to use a BitcoinCash ATM, but having said that, you will also be faced with such fees when using a digital currency exchange too!