Like most people I have been following the various trials and tribulations of Bitcoin over the past year. On the plus side Bitcoin bank machines now exist in many countries and a growing number of online retailers and gambling companies accept Bitcoin as a method of payment. On the flip side the value of the virtual currency has been fluctuating wildly and a number of exchanges have been hacked which has resulted in ordinary people losing all their savings. My real interest in Bitcoin is as a method to deposit funds in the growing number of Android poker sites and casinos that are now Bitcoin friendly. I have a few queries first that I'm hoping someone can answer to help put my mind at ease... Is is legal to use Bitcoin for online gambling in the United States? Is is 100% anonymous. If I use it to play real-money poker on my phone in the United States can I be sure that my identity will be protected? What are the transaction charges for each deposit compared to credit cards? When will the value of the currency stop fluctuating so much? I think our current banking system in the US is broken and corrupt so I really hope that Bitcoin succeeds but at the moment I'm still a little nervous about making the leap into this brave new world. TOP BITCOIN U.S. GAMBLING SITE WWW.NITROGENSPORTS.EU - The biggest and best known bitcoin sportsbook. iOS/Android compatible. WWW.BETCOIN.AG - Top bitcoin casino, poker room and bookmaker. Works on any phone.
I don't think online gambling is illegal in the United States. I was always under the impression that it was payment processors like banks, credit card companies and e-wallets like PayPal that were prohibited from accepting funds from off shore gambling companies. The federal government in the USA has never prosecuted individual poker players and any clampdowns have been focused on major poker rooms like PokerStars and Full Tilt Poker. The biggest risk to poker players in the United States is that a poker room may be forced to shut down and they will lose the money in their player accounts. Even this is a small risk as the US Department Of Justice insisted that PokerStars refund Full Tilt players before they would be allowed to acquire the bankrupt online poker site. Bitcoin payments are certainly anonymous so there is no chance the payment will be traced back to you. The problem is most of the online betting sites that accept Bitcoin are completely unregulated so the safety of your money is far from guaranteed. If you live in the United States and you want to indulge in some sports betting or Texas Hold'em on your smartphone, I think these regulated US friendly gambling apps are a much safer bet http://forums.androidbettingapps.co...l-in-the-United-States&p=56&viewfull=1#post56
One of the major benefits of bitcoin for online gambling is the transaction charges are almost zero. You can often pay as much as 5% to fund your poker, sports betting or casino account using Visa/Mastercard. Hopefully Bitcoin will force these monopolies to lower their payment charges.
The biggest problem with Bitcoin is the how much its value changes. This probably isn't going to change anytime soon because when a large country like China announce Bitcoin regulations it causes huge shifts in the value of the virtual currency. Providing you are just gambling casually and you aren't investing your life saving in the currency, it shouldn't be a problem.
The value of Bitcoin has actually stabilised quiet a bit over the past few 6 months. If this trend continues in 2015 we might see some major online poker rooms, bookmakers and casinos adopt the crypto currency.
It's still early days for Bitcoin. The fact that it's so difficult to acquire has been the biggest barrier to it becoming more popular but I think this is about to change. A number of exchanges have now begun to accept Credit Cards, Bank Wires and transfers which will make it much easier for the average Joe to buy Bitcoin.
SealsWithClubs, who were the only mobile poker site to accept US real money players, closed down last month due to security problems with their poker client. The good news is all their players accounts were kept secure and players were given the opportunity to withdraw their currency before they permanently shut their doors.
US citizens can now fund their BetOnline accounts using Bitcoin. In addition to Bitcoin, the US sportsbook also has a sterling reputation for processing credit card and bank wire transfers. You'll find install instructions for their app, as well as a full rundown of the BetOnline apps features in this review page http://www.androidbettingapps.com/betonline-usa-horse-race-betting-app.html
the title of this thread should be "is bitcoin a good option for online gambling everywhere" and not just in the united states. anyone that wants to protect their anonymity should use bitcoin. especially since we live in the era where the the nsa are spying on everyone.
Many poker players at CarbonPoker have been waiting months for the US poker room to process their withdrawals because Carbon are having problems with their payment processor. Finding ways to service US-based gamblers is a huge problem for offshore gambling sites. With Bitcoin his will never be a problem. I'm sure many of Carbon Sports and Carbon Poker's players will now make the switch to bitcoin gambling sites so avoid just lengthy delays accessing their funds in the future.
i've been quiet a lot of poker at betcoin recently, which is a bitcoin poker room. the best part is my withdrawals are usually processed and in my bitcoin wallet within 2 hours. i've often had to wait 1 or 2 months for regular offshore poker rooms to process a bank wire or send me a cheque.
The list of U.S. facing casino and sportsbooks that now accept bitcoin is crowing. Bodog, Bovada, 5Dimes, Carbon Poker, Americas Cardroom and BetOnline all now allow you to gamble with bitcoin in the United States.
No. Bitcoin has never been hacked. Bitfinex, which is a bitcoin exchange where you buy BTC for dollars, was hacked. You should never leave your crypto-currency in an exchange because they are a target for hackers. It's best to use a wallet on your phone or to buy a hardware wallet like a Ledger Nano or Trezor.
A brand new online poker room has recently started to accept bitcoin. Their mobile poker software supports Omaha and Texas Hold'em cash games. They also welcome U.S. players. Here's a full run down of all their features http://www.androidbettingapps.com/ignition-casino-usa-mobile-poker.html
The price of bitcoin jumped at the start of the College Football and NFL season this year. I don't think that was a coincidence.
Interestingly, BTC sportsbook operators reported that they saw a huge uptick in business during the Presidential Election in the United States. Gamblers in the USA were using the crypto currency in their drove to wager on either Hillary or Donald.
i think i'll lay a few super bowl bets at some bitcoin bookmakers. what is currently the best bitcoin sports betting site and are any of them running super bowl promotions?