How to Fund Your Win A Day Account with Bitcoin Cash
What is Bitcoin Cash?
Bitcoin Cash is the younger sibling of Bitcoin, striving to provide the same benefits but with a faster transaction time and without any congestion issues. As with all cryptocurrencies, it can be used online in the same way you use your dollars. You can both deposit and withdraw in Bitcoin Cash at Winaday: deposits are instant and withdrawals are processed the next working-day.
Since January 2018, Bitcoin Cash addresses have the new format (CashAddr). For more info see below.
What are the benefits of using Bitcoin Cash?
- Faster than Bitcoin
- Just as easy and secure
- Increased network stability
At Winaday Bitcoin Cash withdrawals are also processed the very next working day, and deposits are near instant!
Setting Up Bitcoin Cash and Funding Win A Day Play
Our simple guideline below details how to start depositing with Bitcoin Cash now, and you can find out more about the advantages of using this cryptocurrency here.
Create your Bitcoin Cash wallet:
There are many different wallets you can find, and as soon as this is created you can start sending and receiving payments. Jaxx is a good choice of digital wallet and Trezor a recommended hardware wallet, both support multiple cryptocurrencies including Bitcoin Cash.
Buy Bitcoin Cash:
Deposit at Winaday:
Select Bitcoin Cash as your payment method in the Cashier. Use the address provided to send the desired amount from your wallet to your account. Alternatively if you have set up mobile payments you can scan the QR code provided. Having problems when depositing? Read more below.
New Format for Bitcoin Cash Addresses
Since January 2018, Bitcoin Cash addresses have the new format (CashAddr), no longer sharing the same format with Bitcoin. The majority of online crytocurrency exchanges support the new address format but some hardware wallets, such as Trezor, Ledger, and Keepkey, do not. The 'legacy' Bitcoin Cash addresses can be easily converted to CashAddr format, and vice versa, using online converters. Address in both formats are 100% equivalent. Find out more about the Cash Addr format change here.
Depositing in Bitcoin Cash:
At Winaday we use the new format as our depositing address (CashAddr). If you are having trouble depositing, you can always convert the Bitcoin Cash address displayed on the deposit page to the 'legacy' format using the converter.
Withdrawing in Bitcoin Cash:
Withdrawals made at Winaday will be sent to the new Bitcoin Cash address format (CashAddr). You can however convert the Bitcoin Cash address shown on the withdrawal page to the 'legacy' format if you continue to use the older format of address using the converter.
If you have any questions please contact Customer Support at any time.