It’s not hard to find the best Philippines sports betting sites when you want to bet real money online. However, getting your account topped off isn’t quite as easy, since there are so many different Philippines-friendly bet funding methods to consider. Fortunately, Philippines Bitcoin Cash sports betting options are now widely available, making deposits and withdrawals easier – and more valuable – than ever.
As a sports bettor, it’s important that you choose a banking method that gives you the best bang for your buck. And that, of course, means you should use cryptocurrency. But commonly accepted cryptos like Bitcoin and Ethereum have some issues, and Bitcoin Cash offers several benefits compared to these older crypto coins. If you live in the Philippines and want to boost your bankroll quickly, safely, and securely, our Bitcoin Cash betting guide will let you cash in and cash out with ease!
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What Is Bitcoin Cash?
Bitcoin Cash (ticker symbol BCH) is a cryptocurrency that was created in 2017 when Bitcoin (BTC) underwent a “hard fork.” Essentially, the original BTC network was split in two, allowing for the creation of an updated blockchain in the form of BCH. Bitcoin Cash was primarily intended to increase block verification rates compared to the BTC standard, reducing the transaction fees and wait times that plague the original Bitcoin platform.
As of Q2 2021, the Bitcoin Cash price is hovering around $500 per coin, and BCH is the 12th most popular crypto asset by market capitalization ($9.3 billion). Due to its popularity and the fact that so many sportsbooks already accepted Bitcoin, Bitcoin Cash was added to their banking suites when the aforementioned hard fork commenced several years ago.
This not only gives online Philippines sports betting enthusiasts more options for funding their activities, but when you bet with Bitcoin Cash, you’re actually betting on Bitcoin Cash, helping the asset continue its growth in the market and increasing the Bitcoin Cash value in general.
If you want to make Philippines-friendly sports betting deposits and same-day withdrawals that go through on time every time, Bitcoin Cash should be high on your list of trusted financial transfer options at your favorite online sportsbooks.
How To Bet On Sports With Bitcoin Cash In The Philippines
You don’t need to know how crypto works or worry yourself with some convoluted Bitcoin Cash technical analysis to understand how to use the option to fund your online sports betting. All you need to do is buy Bitcoin Cash from a reputable online Philippines crypto exchange, move it to a private crypto wallet, and send it to your favorite Internet sportsbook site.
Of course, you should probably do a bit of research before jumping in, as you’ll want to purchase BCH at the right time. And while some online services exist to tell you exactly when that time is, you should ignore these.
In reality, Bitcoin Cash predictions and Bitcoin Cash forecasts are a dime a dozen, and there’s no tried-and-true “best time” to buy Bitcoin Cash. As long as you buy BCH when it’s trending short of its all-time high (roughly US $1350, not including an aberrant one-day spike to $4000 in 2017), you can rest assured you’re getting in at a decent price.
Long story short: Just pay attention to the Bitcoin Cash news for a few days, track the price charts, and buy in whenever the water looks inviting. Then, simply follow the instructions in the next two sections to use your crypto to safely and legally bet sports online in the Philippines.
Bitcoin Cash Sports Betting Deposits
Once you have your Bitcoin Cash in hand – whether you’re holding it in your online exchange account or using a private BCH wallet – it’s a simple matter to move those funds into your online sports betting site of choice.
For those who haven’t yet signed up with any legal Philippines sportsbooks, we outline the entire registration and bet funding process here:
- Follow any link on this page to a trusted Philippines sports betting site, and click or tap on the “Join,” “Register,” or “Sign Up” button.
- Enter in all the required info, including your real name, address, phone number, etc. Be sure to use verifiable data in this step, as most of the top PH sportsbooks use KYC (Know Your Customer) protocols to enhance member account security. This information is always protected by SSL/TLS encryption and is never sold or shared.
- Select the Bitcoin Cash option when prompted to make your initial deposit and copy down your sportsbook site’s Bitcoin Cash address. You can also select an optional online sports betting bonus at this time.
- Open your crypto exchange or Bitcoin Cash wallet and select the “Send” option. Paste the above BCH address into the recipient field, choose the amount of Bitcoin Cash you’d like to deposit, and submit the form.
Generally, most Bitcoin Cash deposits at legal PH betting sites take 5-10 minutes to clear, at which point the money will show up in your gambling bankroll. Also, there are no added fees when depositing with Bitcoin Cash, though the BCH blockchain does charge small native fees for every transfer.
Now that you have money in your account, you can browse the odds boards and wager on any sport you want. You’ll find a huge selection of PBA basketball odds, MMA/UFC odds, boxing odds, NBA betting lines, NFL odds, baseball betting odds, NHL lines, international soccer odds, volleyball odds, and even seasonal event odds like Olympic betting lines and more.
As a bonus, if you’re interested in eSports, you’ll be happy to know that all the best-rated Philippines sportsbooks offer plenty of eSports betting odds to choose from, as well. With Bitcoin Cash gambling, the options are literally limitless!
Bitcoin Cash Sports Betting Payouts
Now that you know where to send Bitcoin Cash to top off your betting bankroll, you’ll need to know how to claim BCH payouts quickly and easily whenever you win your wagers.
Luckily, the process is almost identical to the above, though it works backward. We’ll walk you through it:
- Visit your sportsbook’s Cashier page and select the Bitcoin Cash payout option from the withdrawal menu.
- Enter in the amount of your eligible account balance you’d like to pull out, making certain you’ve met any bonus requirements beforehand.
- Open your Bitcoin Cash exchange account or wallet and choose the “Receive” option. You will be given a Bitcoin Cash receiving address. Copy this down.
- Back at your betting site’s Cashier page, paste the above BCH address into the provided field, and submit the ticket.
Many online Philippines sportsbooks have to verify Bitcoin Cash payouts, which can sometimes take several hours. Usually, however, this takes just a few minutes, and it either case, you’ll get them the same day you request them. Plus, if you live near a Bitcoin Cash ATM, you can even transfer your Bitcoin Cash to USD or PHP ASAP!
Remember: Betting is all about making money, so you want to withdraw your BCH when the price is right. By following the Bitcoin Cash news and checking out some Bitcoin Cash predictions, you can time your withdrawals for maximum profit potential.
The general rule is that you should wait to pull out your Bitcoin Cash when the asset is trading at a lower-than-average price. This way, you’ll get more actual BCH coins when you claim your winnings. Then, when the current Bitcoin Cash price is trending high, you’ll have even more to show for your savvy picks!
Bitcoin Cash Sports Betting Bonuses And Promotions
The only thing better than making Bitcoin Cash bets is making free Bitcoin Cash bets! And fortunately, the best online PH sports betting sites are ready to help you do exactly that.
With a selection of enhanced crypto sports betting bonuses for both new and returning members, you can get 2X or even 3X more free bets with every deposit compared to standard promotional offers.
Because every top-rated online sportsbook wants to solidify itself as your Bitcoin Cash sportsbook of choice, they sweeten the pot when you bank with crypto. And why not? After all, Bitcoin Cash – and other cryptos like Bitcoin, Litecoin, Cardano, Ethereum, Ripple, Stellar, USD Coin, Chainlink, etc. – are much easier and cheaper for the books to handle.
This savings is passed along to you, and to encourage more users to employ BCH/crypto for all their future bet funding, players always get the best possible bonuses. Best of all, since crypto betting bonuses come with the same low rollover rates as standard deposit promos, there’s no reason not to accept them!
Bitcoin Cash Sports Betting FAQs
Is Bitcoin Cash safe to use for legal Philippines sports gambling?
Yes! Bitcoin Cash is an extremely safe way to send and receive money over the Internet thanks to its quantum-hacking-resistant blockchain technology.
As long as you’re using BCH for lawful transactions – like online sports betting banking – there’s absolutely nothing to worry about.
That said, as always, it’s crucial that the offshore sportsbook you send your Bitcoin Cash to is highly regarded and time-tested as a legitimate service.
Provided you use the sites we recommend, Bitcoin Cash deposits and withdrawals are better and safer than just about any other banking option.
What is the difference between Bitcoin and Bitcoin Cash?
The Bitcoin vs. Bitcoin Cash debate has been raging ever since 2017, but when it comes to sports bet funding online, it’s no contest: Bitcoin Cash is faster and cheaper to use while enjoying the same high-level security standards.
Of course, when it comes to investment potential – that is, when it comes to how much growth you can expect for your crypto holdings once you withdraw your winnings, it can be a little more difficult to choose Bitcoin or Bitcoin Cash.
Historically, Bitcoin has been a better investment than BCH, appreciating at a higher rate. That said, Bitcoin Cash values have also skyrocketed, and there’s probably not much to be gained by holding those funds in one particular crypto over the other.
Can Bitcoin Cash replace Bitcoin at Philippines sportsbooks?
Nothing is likely to replace Bitcoin as the crypto “gold standard,” since it’s the currency that started it all.
Of course, when it comes to value and market cap, Bitcoin isn’t likely to be the top dog forever, and Bitcoin Cash is one of the altcoins that could take its place.
As for whether or not BCH will replace BTC at legal PH betting sites, however, that’s far less likely. All the best sites accept both assets for deposits and withdrawals, and that’s not going to change any time soon.
Where can I buy Bitcoin Cash in the Philippines?
If you want to know where to buy BCH in the Philippines, there are several good options. By our estimation, these are the best Bitcoin Cash exchanges for Filipino sports bettors and crypto enthusiasts:
- + More!
If you want to know how to get Bitcoin Cash via other avenues, you might want to consider buying the stuff from private parties or mining Bitcoin Cash yourself.
However, we don’t recommend either option. Purchasing crypto from private sellers can be hit or miss, and learning how to mine Bitcoin Cash isn’t just time consuming and technical, it also has a high initial startup cost and a very low profit potential given the complexity and maturity of BCH’s Proof-of-Work backbone.
It’s so easy to buy BCH on the exchanges that there’s simply no reason not to go that route.
All that said, there is one final way to get your hands on some Bitcoin Cash without going through any of the above options:
Now that the best Philippines sportsbooks allow you to withdraw in Bitcoin Cash regardless of how you deposit, you can fund your account with a credit/debit card, bank wire transfer, cashier’s check, etc., and then simply claim your payouts in Bitcoin Cash!
What is the best Bitcoin Cash wallet for PH sports betting?
The best Bitcoin Cash wallet for sports betting in the Philippines comes down to a couple of primary considerations. Basically, you have to find the right balance of security and convenience.
Security is important because Bitcoin Cash is a valuable asset, and you should treat it as such.
Meanwhile, convenience is king because online sports betting odds change by the hour, and you never want to miss an attractive payout because it took too long to move your money into your account.
In general, we recommend using software Bitcoin Cash wallets instead of exchange-based wallets, as these are more secure options and still allow the instant transfer of funds to online sportsbook sites. The best options are:
- Atomic Wallet
- Guarda Wallet
- Electron Wallet
- Jaxx Wallet
- Coinomi Wallet
However, if you insist on maximum security, Bitcoin Cash hardware wallets are the best option, as these keep your coins completely off the Internet until you’re ready to send or receive them. Our favorites are the Ledger Nano S, Ledger Nano X, Trezor One, and Trezor Model T devices.
Still, because BCH hardware wallets take longer to use and are more complex, we like the software wallet (aka “hot wallet”) approach for most bettors.
Software wallets also allow for quick mobile access, which offers a perfect complement to the mobile sports betting suites provided by the best Philippine sports betting sites.
Important: Please only download BCH software wallets from their official developer pages, and please only buy BCH hardware wallets from their official manufacturer stores. Never install or purchase Bitcoin Cash wallets from third parties.
Is Bitcoin Cash a good investment for Filipino bettors?
We very much think so!
Bitcoin Cash is useful as a means of bet funding and trade in general, but it’s also been one of the best cryptocurrency investments since its 2017 launch.
If you check out the Bitcoin Cash price chart, you’ll see that when it first entered the market, BCH was worth about $900. It ballooned to $4000 for a hot minute at the end of the year (largely due to some exchange errors and irregularities) before settling back into the $500 range today.
Most analysts have their Bitcoin Cash price predictions sitting at an average stable value of $1000 by 2022 and more than $2500 by 2025.
If you bet with Bitcoin Cash and claim your winnings in Bitcoin Cash, you can Bitcoin Cash in on that growth and really build your bankroll!