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Bitcoin in US Casinos
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Online casinos in the US give players the chance to choose from a variety of different payment methods to fund their accounts and cash out their winnings, among which, Bitcoin is players’ leading choice. This is the first-ever cryptocurrency that continues leading the list of top digital assets and it’s being used across all kinds of industries, the online gambling industry included. As such, it has managed to get on top of the list of accepted methods in the US, so if interested in knowing more about it and how to use it across online casinos, continue reading to find out all the details. What is Bitcoin, is it legal in the US, and why use it across US online casinos?
Cryptocurrency Regulation in the USA
Both online gambling and cryptocurrency regulatory frameworks in the US are complex, there’s no point sugarcoating the fact. As you may as well know, whenever laws need to be implemented in the country, they can be accepted on a federal and a state level, and this is what complicates things for regular people.
Overall, it is safe to say that digital currencies are legal in the US. As an individual, you can buy, possess and sell Bitcoin as it pleases you, without any problems. However, as with many other aspects, different states have the right to allow or forbid the use of digital currencies. Crypto was not backed by the US government so far, but in 2022, President Joe Biden signed a document that should help create new legislation in the future, called “Ensuring Responsible Development of Digital Assets”. And while regulations vary from state to state, digital currencies are regulated on a federal level by some government agencies and on a state level, by local regulators.
When it comes to online gambling, the situation is pretty similar. There are states that have duly regulated online gambling such as Nevada, Pennsylvania, New Jersey and West Virginia, among others, but also, there are some that have banned gambling in its entirety, such as Hawaii and Utah.
So, the bottom line is, before you engage in cryptocurrency online gambling, you must check what the laws say in your state, to avoid any unnecessary complications.
Using Bitcoin Across Online Casinos
If online gambling and cryptocurrencies are legal in your state, you are free to use BTC as it suits you. You can buy it, possess it and sell it, and with that, you have full access to an unrivaled online gambling time.
The first thing to do to buy your BTCs is go to an exchange platform. Although you can mine for BTCs, again, rules are different state by state when it comes to mining, so the safest thing to do is purchase your coins using the US dollar or any other fiat currency you may have. Once at the exchange platform, be it Bitfinex, Bitstamp, Coinbase, or Binance, create your account with it and continue linking a payment method to complete the purchase. Top exchanges give you the option to choose from all kinds of credit, debit cards, eWallets, and even other cryptos to purchase Bitcoin, so you can also use Ethereum, Dogecoin, and Litecoin, to name a few.
The next step would be choosing a crypto wallet and creating your account. Once you do, you’ll get the two addresses or keys, which are alphanumerical strings that serve as your identification when exchanging the crypto; you must keep them safe.
The next step would be choosing a proper US casino to join which accepts the coin. Here at WoO, you have an entire list of US casinos to check out, most of which accept the coin, like Uptown Aces, Las Vegas USA and Lucky Tiger, with many new USA-friendly sites to emerge in no time. Choose the one you’d want to go with and then join it.
To make a deposit with Bitcoin, you’d need to do the following:
- Go to the casino’s Banking page and select Bitcoin from the list of accepted solutions.
- The casino’s address will be displayed; copy it.
- In a new window, use your credentials to enter your crypto wallet.
- Paste the casino’s address and specify how much you’d want to send.
- Confirm the transaction and the BTCs will become available on your casino balance in an instant.
Withdrawals with it are possible, too, and as easy, only done the other way around. Once you go to the Withdrawal page and select it as your payment method, you’d need to paste your crypto wallet address and specify how much you’d like to cash out. Confirm your request and immediately after the casino approves it, your coins will arrive on your crypto wallet.
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Top 3 Methods Offering Bitcoin at Online Casinos
While you can use Bitcoin in the way we just explained, by creating a crypto wallet and using your address to make a transaction, you should know that there are other ways to make deposits and withdrawals across online casinos with the currency.
Namely, many popular eWallet solutions available in the US have started offering the crypto functionality, meaning allowing users to purchase, hold and sell crypto via their platforms. So, instead of going to an exchange platform and creating a crypto wallet to use it, you can simply create an account with a certain eWallet and purchase your coins on the spot, to then use them as it pleases you. The following are the top 3 solutions offered to US players which give you the chance to purchase BTC and use it across online casinos:
- Neteller – Neteller is one of the most widely known eWallets offered across the online gambling industry. A few years ago, it introduced the functionality to purchase, use and sell crypto via an account you have created with it. The solution launched an app that you can download and for as little as $1, start trading BTC and over 40 other cryptos, without having to have a crypto wallet. You just have to find the Crypto tab in the app, select Bitcoin, press Buy and the amount of fiat currency you wish to use that you already have on your Neteller account will instantly convert into BTC. What’s more, you can convert your crypto back into your chosen fiat currency, too!
- Zelle – Zelle is another excellent solution you could use as a US player wishing to transact in BTC across online casinos. It was launched in the US in 2011, by a private company owned by leading US banks. Despite the fact that it is in direct contact with banks, Zelle actually allows users to buy Bitcoin and use it for all kinds of transactions, including deposits and withdrawals across online casinos. The whole procedure is pretty intuitive and easy, so why don't you create your account with it to try it out?
- PayPal – PayPal needs no introduction really, especially to US players, since this is one of the most popular payment methods across US casinos. Also launched in the United States,California, 25 years ago, this is one of the most worldwide-known eWallets. It introduces new functionalities and services on a regular basis, and as of recently, it also made it possible for users to buy, hold and sell several digital currencies through their PayPal account. Bitcoin is, of course, among them, but you also have Litecoin, Ethereum, and Bitcoin Cash. The best part is, this functionality is, for now, available to US users only, so it feels like a match made in heaven for you as a US player!
Conclusion
It is never easy to state something for sure when it comes to US laws and regulations since the whole system is pretty complex and some things are regulated on a state level, but not on a federal and vice versa. That's exactly what happens with both online gambling and cryptocurrency regulation in the country. So, the wisest thing to do if hoping to play at an online casino using Bitcoin is to check your state's laws regarding the activity and the use of digital currencies.
If your state allows them, you are in for a real treat. Not only can you buy and use BTC the usual way, but you can also use different eWallets to get a hold of some coins and use them via their respective platforms for both deposits and withdrawals. As you could see, you have many options, so hesitate no more and try out at least one of them, to enjoy incredible crypto online gambling.
FAQs
Is online gambling legal in the US?
Online gambling in the US is not legal on a federal level but on a state level. Some states like Delaware, New Jersey, Pennsylvania, and West Virginia have legalized online gambling.
Can I use Bitcoin in the US legally?
Cryptocurrencies are legal in the US to some extent, again, depending on states’ regulatory frameworks. Whether you can buy, hold and sell BTC would depend on your state’s laws, therefore.
Do many US online casinos accept Bitcoin?
Yes, in fact, many do accept it. Most legit US online casinos offer Bitcoin and give you the chance to make deposits and withdrawals with it; here at WoO, you have many choices to consider, vetted, and reviewed thoroughly by our expert team.
Do deposits and withdrawals with Bitcoin come with fees?
No, not at all. That’s the main reason why, in fact, many US players choose to use the crypto for their deposits and withdrawals, since in addition to offering instant, it also offers fee-free transactions.
Is there a Customer Support service I could use if I experience problems with my BTC deposits and withdrawals?
Bitcoin itself, considering it is a decentralized digital currency that has no owner or company behind it and works on a peer-to-peer principle, does not offer Customer Support; but your online casino does. Therefore, for any issue or question you may have, get in touch with your chosen casino’s Support team.