Cloudbet honors the Bitcoin fork with its May the Fork Be with You event wherein players who held Bitcoin (BTC) on their account last year will receive Bitcoin Cash (BCH) for free. Apart from distributing BCH, the leading sportsbook now provides Bitcoin Cash payment options for players who want an alternative to Bitcoin.
Players who want to check if they qualify for free Bitcoin Cash should check out the details on Cloudbet’s May the Fork be With You.
How to Enjoy Cloudbet’s Bitcoin Cash Giveaway
Cloudbet players who can receive Bitcoin Cash must have held Bitcoin in their accounts on Aug. 1, 2017 when the fork occurred. Even if some players have used their Bitcoin after the fork, they are still entitled to receive Bitcoin Cash.
Cloudbet uses the timestamp of the last common BTC block (block 478558, August 1, 2017, 13:16:14 UTC) to determine how much BCH to distribute. Casino members can check their account to see if they have received the amount in their active crypto wallet.
Bitcoin Cash stemmed from a hard fork from Bitcoin, making it a new cryptocurrency and now among the top five cryptos. When the fork occurred, Bitcoin owners received the new crypto for free. But people who control the private keys of their wallets and certain exchange account holders received free Bitcoin Cash. Online casino players are left out of receiving the new forked cryptocurrency until Cloudbet made a historical first as the first crypto sportsbook to distribute BCH to Bitcoin holders.
Reason for Giveaway and BCH Payment Support
The main reason for distributing Bitcoin Cash on the gaming site is customer demand. Cloudbet also believes it is ethical to give players what is rightfully theirs since Bitcoin Cash released during the fork are for Bitcoin owners. The goal of the BCH giveaway is to gain players’ trust and formation of goodwill towards the leading sportsbook.
Mirio Mella, head of acquisition of Cloudbet, said:
“The creation of derivative bitcoin products in what are termed ‘forks’ has both practical and political implications. Cloudbet is focused on the practical; players want fast, cheap and reliable transactions, and BCH offers a great alternative to BTC. We have no position on the politics but instead are having fun with the Star Wars fork theme and will leave it to others to decide who is theEmpire and who are the Freedom Fighting Rebels.”
Cloudbet has recently added Bitcoin Cash to its payment methods. This gives players more cryptocurrency options to use other than Bitcoin.
With the Bitcoin Cash payment option, members can now enjoy faster transaction speeds than with Bitcoin. Transaction fees of BCH are also significantly lower than those of BTC.
Punters can use Bitcoin Cash when making any sports bet. The new crypto can also be used by players on Cloudbet’s casino section for games from Betsoft, Spinomenal, and Microgaming. Players can also use BCH on live casino games from Vivo, Ezugi, and Evolution Gaming.