Bitcoin SV has long caused a stir among Bitcoin users. Since its establishment in 2018, Bitcoin SV has been battling with both Bitcoin and Bitcoin Cash, staking its claim as the “original Bitcoin” crypto option online. We can debate the inner squabbles of these forks all day, but what we’re really interested in is whether Bitcoin SV has any practical use in the online gambling world.
As it happens, it does. On this page, we’ll walk you through the ins and outs of using Bitcoin SV, touch on its coin, BSV, and introduce you to the key things you need to know about Bitcoin SV gambling. Let’s begin by exploring some of the top Bitcoin SV online casinos you can choose to join today, as recommended by our team here at BTCGOSU. They include:
Bitcoin SV is a cryptocurrency with one of the more interesting stories behind it. Bitcoin was originally released in 2009 but forked away from the original Bitcoin Protocol in 2017. In that year, Bitcoin Cash was deemed the “original Bitcoin”, but that, too, forked off in a new direction in 2018. Since 2018, Bitcoin SV has proudly claimed to be the “original Bitcoin” in that unlike its counterparts, it has branched off (forked) and retains the original Bitcoin Protocol rumored to have been developed by Satoshi way back when Bitcoin’s white paper was first released.
In 2020, Bitcoin SV initiated the Genesis Upgrade, which aimed to restore the original Bitcoin Protocol as closely as possible. Of course, some will argue that Bitcoin SV should be considered a hard fork of Bitcoin Cash, and that’s where the argument about the rights to being the original Bitcoin begins. However, we’re not so much interested in that as we are in the crypto itself.
Bitcoin SV’s coin is known as BSV, and it runs on the Bitcoin SV blockchain. It uses a proof-of-work consensus system, can process 50,000 transactions a second, and positions itself as a digital cash alternative to process payments globally. It has very much the same vision as Bitcoin and works in largely the same way. This naturally makes it well-suited for gambling online.
Bitcoin SV (BSV)
Much like Bitcoin casinos are gambling sites that accept BTC, Bitcoin SV casinos are online casino sites that permit deposits and withdrawals using BSV. Admittedly, there aren’t as many of these out there as BTC or BCH casino sites, but you get the idea. At the very best Bitcoin SV casinos, you’ll be able to wager on games and claim bonuses using this cryptocurrency, too. However, as it’s not as widely accepted, most BSV casinos will at least permit you to top-up your balance and cash out your winnings using the crypto token.
Whether you can actively wager using Bitcoin SV (BSV) crypto coins depends on where you play. At some casinos, this is going to be a very realistic possibility. At other sites, you may be limited to deposits and withdrawals, with BSV converted into BTC for gameplay purposes, as mentioned above. Fortunately, the number of developers working BSV into their lists of accepted cryptocurrencies is growing, so more and more games are gradually becoming BSV-friendly at crypto casino sites.
If you’re looking for the advantages of playing at online crypto casinos using Bitcoin SV, we’ve identified two key elements that you may wish to consider. These include:
Because Bitcoin SV has a much larger block size than Bitcoin, it is possible to process anything from 50,000 to 100,000 transactions a second. Moreover, it can be used for large-scale applications.
It may not quite be there just yet, but Bitcoin SV is growing its presence at crypto casino sites. A larger number of domains are starting to accept BSV as a deposit and withdrawal option, and the portfolios of BSV-friendly games and bonuses are slowly increasing.
There are also a couple of disadvantages that the team here at BTCGOSU wants you to be aware of. These include:
BSV is growing, but it still pales in comparison to Bitcoin Cash and certainly Bitcoin. While it is expanding its presence in many digital spaces, there are still many fewer users on this platform, and this means lower transactional volume may potentially impact future growth.
There has been plenty of controversy around Bitcoin SV. For starters, the fact that its creator, Craig Wright, claimed to be Satoshi Nakamoto has seen some crypto users put off this coin. Secondly, Bitcoin SV has been hacked several times, with losses of up to $70,000 worth of BSV reported. They seem to have a handle on this for the time being, though.
If you’re going to be playing at Bitcoin SV casinos, it pays to ensure that you only sign up at trusted options. Here, then, are a few things you may wish to consider and note about the best Bitcoin SV casinos online:
Let’s get you off to a flying start. Below, you’ll find an introduction to our most recommended and highest-ranking Bitcoin SV crypto casinos. Each has been approved by the BTCGOSU team, and they include:
Are you ready to start playing at Bitcoin SV casinos? If so, you’ll need to get your hands on the cryptocurrency first. Follow these short steps to ensure that you purchase BSV correctly and join recommended casinos:
Bitcoin SV has potential. It may not be as famous or as widely available as Bitcoin, and it may not have the following that Bitcoin Cash does, but it’s one to watch for the future. Bitcoin SV still lags far behind the big mainstream options, but while new cryptos go live seemingly every day and collapse just as quickly, Bitcoin SV looks to be one that can stick it out and become a player in this industry if enough of us get behind it.
No. However, this fledgling crypto has the potential to become one of the biggest cryptocurrencies in the gambling world in time. The number of sites offering it is increasing slowly.
Yes and no. It will ultimately depend on where you play. A handful of sites may permit this, but not many of them – at least, not yet.
You should be able to, but again, that will depend on the casino site you join. This will be possible at some casinos more than others.
We’d say so, yes. There have been a few hacks in the past, but Bitcoin SV seems to be on top of those now. We felt confident enough using it, and we wouldn’t recommend BSV if we didn’t think it was safe.
No, but the fees associated with Bitcoin SV are minimal. You’re looking at around $0.000015 per transaction, which is notably cheaper than mainstream crypto options. Ethereum, for instance, charges $0.025 per transaction.