Is Bitcoin Online Gambling Legal
The rapid growth of Bitcoin has been nothing short of exceptional. There was very little publicity for this digital currency when it was launched less than ten years ago, but it’s subsequently become a genuine phenomenon. There is now widespread interest in Bitcoin, and it continues to go from strength to strength.
The legal status of online gambling in general; The legal status of Bitcoin as a currency; Where is online gambling allowed? If online gambling with fiat money is declared legal in your country, then it’s more than likely that gambling with Bitcoin is legal too. Here’s a look at a few of the most online gambling and bitcoin-friendly countries to date. Online gambling status: Friendly. Mar 24, 2017 Bitcoin has proven to be quite a powerful tool in the online gambling sector so far. Various casinos accept bitcoin payments already, although there is still a lot of room for future growth. One question that is on most people’s minds is whether or not bitcoin gambling is even legal. Are Bitcoin Casinos Legal in the US? Current regulations in the US do not explicitly state that cryptocurrency gambling is illegal. While regular online gambling is regulated and is restricted for most states, current gambling laws haven’t quite caught up with cryptocurrency. UIGEA is a law that prohibits transferring funds for purposes of online gambling. Since Bitcoin is largely anonymous, it’s an easy way to get around the law. (Note that we’re not saying it’s a legal alternative.) Bitcoin is the fastest way to get money to and from an online gambling site.
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Bitcoin was almost worthless at the outset. In what is believed to have been the first “real-world” Bitcoin transaction, 10,000 units of the currency were used to purchase two pizzas. The value of this cryptocurrency has increased exponentially since then, and 10,000 units today are worth MILLIONS of dollars. Those who bought into the currency early made life-changing sums of money.
Although not yet considered a “mainstream” currency, it does have a number of practical uses. One of these is gambling. Bitcoin can be used for making deposits and withdrawals at many of the leading online gambling sites, and there are several advantages in doing so.
The problem is that a lot of online gamblers don’t really understand Bitcoin. We’ve recently been inundated with queries about using Bitcoin for online gambling, and many of these queries have come from people who know virtually nothing about this digital currency.
- Despite most governments do not recognize Bitcoin as a currency, all those restrictions and existing laws relating to online and mobile gambling apply to bitcoin gambling. If online gambling with fiat money is illegal in your jurisdiction, then it is also illegal with BTC.
- Not all online casinos accept Bitcoin and not all online casinos are legally licensed for US players. Gambling with questionable online casinos can put users in legal trouble and at risk of theft or fraud, so they are best avoided.
- Bitcoin Gambling Legal. Although Bitcoin casinos and betting sites primarily use the virtual currency, this does not automatically make the business and its services illegal. It is essential to take note of the fact that the Bitcoin gambling laws are basically like the gambling rules that govern traditional online casinos.
Blackjack split vs double down. That’s why we’ve put together this comprehensive guide to Bitcoin and Bitcoin gambling. We’ve covered all the basics you need to know about this popular cryptocurrency, such as how it works and the technology behind it. We’ve also explained how to use it for your online betting and gaming. There’s plenty of additional information, too, including a look at Bitcoin investment and trading.
Full details of what’s in this guide can be found below. We’ve split the page into the following sections, making it easy to find anything specific that you might be looking for.
One area that has always been a struggle for American online gamblers is banking. Thanks to the UIGEA, it can be a challenge to fund and cash out your player account. That is until Bitcoin came along.
Bitcoin is a relatively new banking method for online gamblers. Compared to other standard banking options, Bitcoin’s limits are higher, casinos process these payments faster, and there’s no way for anyone to track your payments.
What you’ll find below are the best gambling sites that accept both US gamblers and Bitcoin. We’ve vetted each site using our criteria in the next section, which is why we’re confident that you’ll have a good time at any of them. Choose any one of the sites below to get started now.
From time to time we also manage to negotiate exclusive deals with the online casinos to give our readers even more chances to walk away with a big win.We offer weekly updates on the latest from the best online casinos in United Kingdom, New Zealand, Canada, Sweden, Norway, Finland and South Africa.Please read our casino reviews to find out if you are eligible for a specific no deposit free spins bonus. In each casino review we’ve listed all eligible countries for a bonus. Free online slots no deposit free money. Free MoneyThis bonus is pretty self-explanatory. We’ve discussed free spins earlier on this page so now we will focus on no deposit casino bonuses that are given to new or existing players in form of free money or free play. No Deposit Casino BonusA no deposit casino bonus refers to three different types of bonuses; Free Spins, Free Money and Free Play.
Rank | Gambling Site | Exclusive Bonus | Products | Get Started | |
---|---|---|---|---|---|
#1 | Betway | 100% Up To€1000 |
| Visit Site | Betway |
#2 | Jackpot City Casino | 100% Up To1,600€ |
| Visit Site | Jackpot City Casino |
#3 | Spin Casino | 100% Up To€1,000 |
| Visit Site | Spin Casino |
#4 | Spinia | 100% Up To€250 |
| Visit Site | Spinia |
#5 | 22Bet Sports | 100% Up To€122 |
| Visit Site | 22Bet Sports |
Why should you trust our recommendations?
That’s a fair question. The answer is simple. You can trust our picks for the best US Bitcoin gambling sites because we do a lot of legwork to ensure they’re a good fit for our audience.
Is Bitcoin Online Gambling Legal Online
You can find out more about how we make our recommendations below. We also answer some common questions about the Bitcoin cryptocurrency and explain why you should consider using it for your online gambling.
Bitcoin Gambling Websites
We list some useful resources for learning more about Bitcoin, too, and answer some additional questions about gambling online with Bitcoin from the USA.