Many believed that these scalability issues needed to be addressed if people are to start treating BTC as a proper currency. So, in August , Bitcoin Cash was launched as a hard fork from the main Bitcoin blockchain.
The fork allowed Bitcoin Cash to inherit all Bitcoin transactions up to a certain point but then started to reject any new ones, introducing a new protocol with a block size increased to 8 megabyte instead of 1 megabyte blocks used by classic Bitcoin. However, it would take a lot of space and it is a very complex topic, more on which you can read on links from references. Those more familiar with the underlying technology and the whole idea of cryptocurrency will continue to have discussions about implications of having larger block sizes and whether Bitcoin Cash will actually help Bitcoin.
For poker rooms accepting cryptocurrency, however, the only important question is whether people are interested in having an option to deposit and withdraw in Bitcoin Cash. What this means for players who have Bitcoin Cash is the following:.
If you already use Bitcoin Cash or are looking into getting some, it is certainly good to know there are poker sites that will let you deposit with it, without having to go through the process of exchanging into Bitcoin.
Not all experts agree that the proposed solution will work, and the price jumps of BCH seem to agree. At the moment, Bitcoin Cash is being prophesied as the solution to all Bitcoin problems that will take the whole BTC idea to the next level and finally give it a power to be be what it was originally meant to be. But, one can never be too careful. Although the idea of Bitcoin Cash sounds very good on the surface, there are some underlying issues with it, especially when considering it is basically the same thing, but in a different environment.
Again, this is hard to really explain, but the price of Bitcoin Cash has been rather volatile when compared to Bitcoin. This volatility is a big reason for people to be careful, especially for poker players who want to treat Bitcoin Cash as money and not an investment opportunity. If you want to play Bcash poker, you can easily get some funds, but try to buy the amount you need for your bankroll and keep the rest in a fiat currency or even regular Bitcoin, which seems to be more stable at the moment.
If we disregard other considerations about this cryptocurrency volatility, there is really no reason to avoid Bitcoin Cash at poker sites that accept it. Bovada is an excellent room serving US players and they have a lot to offer in terms of game selection and other relevant things, so there is absolutely no reason to avoid it.
If you find it convenient or have some Bitcoin Cash lying around that you automatically received from the hard fork, investing it into your poker bankroll could be a good idea. The creation of Bitcoin Cash and its use at poker sites is getting some decent media attention.
Check out some of these extra sources on BCH and poker. Ignition Casino Poker offers a variety of cash games and tournaments which you can read about in our review. However, Ignition has only recently begun catering to the Australian market where web wallets can be used to deposit online, so this might change. Ignition has an incredibly detailed and informative guide on the use of bitcoin and how you can acquire the cryptocurrency. You can get a cryptocurrency wallet and bitcoins within 30 minutes using traditional payment methods such as Visa and MasterCard to use at Ignition Poker.
If you opt for bitcoin you will get free withdrawals — we explain this below. The guide will explain step by step how to get bitcoins too. Once you have the acquired the digital currency you can make a deposit — provided you have an Ignition Poker account.
Head to the cashier and click the bitcoin option. You can sign up for a bitcoin wallet from here too. You can then make a deposit via your bitcoin e-Wallet or a bitcoin ATM. Select the amount you wish to deposit and then whether you want to claim any bonuses like the poker welcome bonus. Your funds will then appear in your account, provided you have followed the instructions and you have the right amount in your bitcoin wallet. When using your credit or debit card to make a deposit at Ignition Poker you will need to enter extra details including your home address so the billing process can be undertaken and your identity can be confirmed.
Then you can enter your card details including the name on the card, the expiry date, the CVV three-digit code on the back and then how much you wish to deposit. Select the bonus you want to opt in for — poker players can find out more about promotional offers here.
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Ignition does charge fees for credit card deposits. However, there are NO FEES when depositing with Bitcoin. Ignition Casino Rewards Program. You can transfer Bitcoin and use them for purchases at some rare stores international online casinos will roll that happens, cash for a. You can also keep this cryptocurrency in your Internet wallet or Ignition casino free cash bonus code, ignition casino bonus and betting.