Crypto gambling has become widely popular across the globe. Many bettors now prefer using Bitcoin or other cryptos to bet on sports or wager on casino games. Initially, individuals used these digital currencies as payment options on e-commerce sites. Many people find it more convenient to pay with digital currencies and like the privacy it offers. In addition, using Bitcoins online means you won’t the giving out too much of your information. As Bitcoin and other cryptos offer safer and primarily anonymous transactions for online payments, it’s not surprising that online casinos have adopted this method.
However, is gambling with Bitcoins legal? We will be answering this question in this article.
What is Bitcoin Gambling?
In Bitcoin gambling, players bet on sports or wager on casino games using Bitcoin or other cryptos.
Fiat currencies and standard payment options like credit and debit cards and bank transfers are popular in traditional online casinos. In crypto casinos, players can use Bitcoin and other cryptos for payments. Some crypto casinos may accept fiat currencies but only complement BTC and altcoins.
Like regular casinos, crypto casinos also boast popular game categories from slot machines and blackjack to live casino titles. Trustdice, a leading crypto gambling site, is home to these games and more. In addition to online slots and live casino games from Evolution Gaming, Trustdice features provably fair games like Crash and Dice. The primary difference between traditional casinos and crypto sites is that the latter supports BTC and games that run on the blockchain.
Apart from TrustDice, there are other trustworthy crypto casinos. On these websites, you can bet using BTC and enjoy almost the same set of games with a few extras.
Next, we will discuss their legality and recommend some of the best places to play games with your bitcoin.
Is Bitcoin Gambling Legal?
When writing this article, our team can’t find any specific legislation prohibiting using Bitcoin or other cryptos for online gambling in most countries. At least not in clear terms, so it’s safe to say it is not illegal.
Now, this doesn’t mean you should go ahead and ignore existing laws. Instead, you should exercise due diligence and know the laws and regulations in all states. For example, a few states legalized online gambling in the United States. Online gambling is legal in Delaware, Connecticut, New Jersey, Pennsylvania, and West Virginia. But the laws are silent when it comes to prohibiting the use of Bitcoin and crypto in online casinos.
So what is the implication of not having clear legislation against crypto gambling? First, it means that Bitcoin gambling is technically not illegal and also not legal. No country has penalized anyone for playing games at a Bitcoin or crypto casino. It will remain so unless new legislation becomes applicable.
While the regulations do not provide any legal status for Bitcoin gambling, it’s still important to use legal casinos. For this reason, we suggest you play games at regulated crypto casinos. However, most US players can sign up to play at offshore licensed casinos that accept US players.
Playing at licensed and registered casinos is essential to avoid legal issues if you’re in the US. They’re also convenient, and you’re better protected playing at regulated casinos. Regulated casinos usually hold gambling licenses from reputable jurisdictions. For instance, you should check if they have a registered license from governments like Curacao.
Higher Sports Betting Odds Compared To Competitors
Simple, Modern Interface
Customer Service Is Quite Efficient And Responsive;
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Supports both FIAT and cryptocurrency deposits and withdrawals
Features More Than 2,000 Top-Level Games From 79 Leading Gaming Software Providers
Supports Multiple Languages
Advanced UI/UX, Award-Winning Bitcoin Casino
Excellent customer support
Players Can Play Games Without Wagering Real Money
We’ve rounded up three of the best Bitcoin casinos to make your search easier.
BitStarz is a crypto casino site that began operations in 2016. The award-winning casino is one of the best gambling sites to play casino games. With your Bitstarz account, you can deposit and wager using Bitcoin, altcoins, and other fiat currencies. In addition, this operator is safe thanks to its operating license from Curacao.
Bitstarz caters to different kinds of players as they offer slots, progressive jackpots, table games, and even a live casino. You’ll find games from leading developers like Evolution Gaming, Microgaming, Betsoft, BGaming Amatic, and Pragmatic Play.
Cloudbet is another crypto site we recommend. Here you get to play casino games and bet on sports. They started their gaming site in 2013 and built a solid reputation. Curacao and Montenegro e-Gambling Commission are licensed. This bookie also had offices across the world. So whether you’re a sports fan or prefer their casino, you can switch on this site.
At 7Bit Casino, you can access over 2,000 online games from leading developers like Playtech, Microgaming, Betsoft, Evolution Gaming, and many others. You’ll love playing their high-quality games on their user-friendly site. 7Bit has been around since 2014, providing the best games for players. You’ll have a lot of fun playing as they keep updating the site with the latest games from developers.
So, is gambling with Bitcoin legal? Online gambling is legal in at least six states, but it’s a slightly different story with Bitcoin and cryptos. No current laws prohibit the use of digital currencies for online gambling. In the US, at least six states allow online gambling, but Bitcoin’s use in gambling is still in the ‘gray area’.
Since no law penalizes its use, you can go ahead and play games online with your Bitcoin. It’s usually easy to sign up at crypto casinos, which will take just a few minutes. Then, you can begin your experience with some of the crypto casinos we’ve suggested.