Bitcoin Gambling Sites - The Most Popular Prepaid Option For US Players

Bitcoin is an entirely online currency utilizing peer-to-peer connection and is an anonymous network with digital signatures and wallets, which created a history of digital transaction known as a blockchain. The anonymity is appealing to online gamblers and keeps your identity from being known. It acts as a prepaid method because your Bitcoins are stored in an online wallet that can be accessed digitally.

You can purchase Bitcoins, Ethereum, Cardano, Bitcoin Cash, Litecoin, Dash, Ripple, 0x, and more through an online service called Coinbase. Coinbase is an online wallet that gives you the option of storing your digital currency. It’s a secure process and users can opt for two-factor authentication with your email and phone number when creating your account. Your bank account information is required to purchase (debit/credit card information is optional) and are two routes to purchase: Entering the USD amount you would like to spend or enter in the amount of Bitcoin you’d like and you’ll be prompted with how much it will cost.

While you have the option to store your Bitcoins through Coinbase, most users prefer a Blockchain wallet. Blockchain is another digital wallet service, however, it is strictly for storage (you aren’t able to purchase Bitcoins like you are through Coinbase). Most users prefer using Blockchain because it has a stronger security profile that keeps your cryptocurrency safe.

Whether you use Coinbase or Blockchain, you will be given a digital address for your wallet that you enter when trying to send or receive Bitcoins. Any transactions can be tracked in real-time through the wallet service, allowing you complete transparency of your transaction.

Zelle is an instant-pay banking service that can help you purchase Bitcoin from a private crypto exchange. Prepaid gambling sites that accept Zelle use the service to avoid wait times typically associated with buying Bitcoin through standard exchanges. This option is great for first-time Bitcoin buyers who want to wager right away.

Know that by using Bitcoin, you are using the fastest payout method available and is completely secure and anonymous. Your personal information isn’t attached to your transactions and only shows your digital signature and wallet address.

Yes. Withdrawals are simple with offshore gambling sites. Bitcoin may be your only available withdrawal method depending on what gambling site you choose. It is the fastest way of getting payouts, so it is the go-to method for most bettors. You can withdraw by entering in your digital wallet information. Once the Bitcoins have been transferred, you can convert them by selling them through an online exchange service (like Coinbase), and then you can transfer the funds to your bank account.

Yes. Both the offshore gambling sites and digital wallet services have security protocols in place, so your personal information isn’t attached to any transaction. You can track all transactions through Bitcoin’s public ledger. While the UIGEA monitors banks and financial institutions with gambling transactions, it doesn’t affect cryptocurrency transactions. It doesn’t require any bank information when making transactions – hence its status as a “prepaid” method.

Bitcoin has been around since 2009. It has become widely popular and is now accepted by many online businesses worldwide. There isn’t any US government regulation on it now, but some governments have opened discussions on imposing regulations on the online currency. The digital currency was made for the online marketplace and is not likely going anywhere anytime soon. You can learn more on the official Bitcoin website which offers content on every aspect of the cryptocurrency.