Bitcoin & Bitcoin Gambling
Although we cover a variety of subjects on GamblingSites.com, our website is ultimately (and somewhat obviously!) primarily focused on gambling-related topics. It’s only natural, then, that our Bitcoin guide includes plenty of information on using this currency to gamble with.
The use of Bitcoin for online gambling has increased dramatically in recent times. It wasn’t that long ago that there were only a couple of sites accepting digital currency, but that’s all changed now. With a growing number of gamblers choosing to use Bitcoin for their gambling transactions, sites have HAD to adopt the currency or risk losing customers.
Bitcoin offers several advantages to online gamblers. There are some disadvantages, too, but for many, the pros outweigh the cons by quite some distance.
Bitcoin is ESPECIALLY useful for gamblers in America.
You might not understand why this is if you’re not from America, so let us explain. Online gambling is something of a challenge in the United States, thanks to a piece of legislation called the Unlawful Internet Gaming Enforcement Act (UIGEA). This was passed back in 2006, and contrary to popular belief, it didn’t actually make online gambling illegal.
What it did do, however, was make it illegal for banks and financial institutions to process online gambling transactions. As a result, many of the leading gambling sites pulled out of the US and stopped accepting American customers. This left American gamblers with much less choice of where to bet and play, and most of the sites they could use were facing challenges in processing deposits and withdrawals.
Most US-friendly gambling sites still face those challenges today. The best ones have found ways to overcome the problem to some extent, but they’re not always able to process transactions as quickly and effectively as they’d like.
If you live in the United Kingdom or another region where online gambling is fully legalized and regulated, you’re probably used to instant deposits and fast withdrawals. Online gamblers in the US are not so lucky. Deposits can take a little while to be authorized, and withdrawals regularly take a few days or longer.
Bitcoin solves this problem. Because this currency is not regulated or controlled, it’s MUCH easier for gambling sites to process transactions. Deposits are usually more or less instant, and certainly faster and more reliable than other banking options. Withdrawals are often received by customers in a matter of hours, which is a huge improvement.
Most of the other advantages of gambling with Bitcoin have nothing to do where you live. So, regardless of your location, it’s worth looking into using this currency for your online gambling transactions. The following page explains all about the pros and cons and includes the information you need to get started.
In addition to the above page, we’ve also written individual guides to using Bitcoin for each of the most popular forms of gambling. These include further recommendations for good sites to use.
Why have we recommended MORE sites? It’s simple, really. The sites we listed at the top of this page are the ones we consider the best “all-rounders.” They’re good for all the different types of gambling, so they’re good options if you enjoy multiple gambling activities.
Some sites, however, are particularly good for specific types of gambling. These aren’t always great at everything, though. For example, one of our favorite sports betting sites has a terrible selection of casino games. We’d never recommend that as a good all-rounder, but it features in many of our lists of recommended sports betting sites.
Please note that these pages aren’t JUST about recommending sites. They contain all kinds of other useful information, too.