Bitcoin Mobile Gambling Apps

Bitcoin is a decentralized digital currency that isn’t backed by any government or country. Further, Bitcoin is not supported by any bank or financial institution and is instead transferred directly from person to person. Your Bitcoin account can never be frozen, and there are no restrictions for who can hold Bitcoin or use Bitcoin over the Internet. Bitcoin is like a secure, Internet-based version of cash, which makes it the perfect way to fund your online gambling account(s).

The blockchain is how Bitcoin transactions are tracked and processed, and it essentially serves as a digital record of transactions. The blockchain is described as “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way."

The genius in the blockchain is that it doesn’t exist in one form in any one place, but it instead exists simultaneously among everyone’s computer who uses it. This is what makes blockchains very difficult to hack and why they are considered “quantum hacking resistant.” To hack Bitcoin or any blockchain-based service, a hacker would have to hack each computer or node tied to that blockchain. Blockchains are, in this way, viewed as the future of online data security.

In order to use Bitcoin, you first have to acquire the stuff. Fortunately, that’s easy enough to do, and there are two main ways to go about it. Most users use a Bitcoin an exchange to purchase BTC, which is essentially a buy-in site like Coinbase, though this process can take up to 10 days to clear. It establishes a Bitcoin wallet for you to use for transactions. Alternatively, if you want to get Bitcoin immediately, US players can use an instant-pay service called Zelle to buy Bitcoin at an online crypto exchange. Regardless of which method you choose, buying Bitcoin is as simple as buying anything else on the Internet.

Yes, you can! Once you have set up your chosen Bitcoin wallet (see below), making transfers to and from your gambling site of choice is as simple as clicking or tapping a few buttons and typing in the requisite amounts. If you can enter a credit card number or an email address, you can use Bitcoin. There’s really nothing to it, despite its state-of-the-art technological status.

As a general rule, BTC deposits come with special increased bonuses at online gambling sites. As an example, most sites will offer a deposit match bonus for new members. However, if you sign up and deposit with Bitcoin instead of a credit card or bank transfer, you can usually get 2X or 3X the bonus amount credited to your account. This is because offshore gambling operators prefer using Bitcoin to any other banking method, and they want to incentivize their members to use the platform, too.

There are several reasons why Bitcoin is better than credit or debit transactions when it comes to funding your online gambling account. First off, for US players, a banking law known as the UIGEA can sometimes cause your credit/debit payments to be declined. Bitcoin is not affected by the UIGEA, making transactions 100% guaranteed to go through, every time.

Additionally, BTC deposits have no added bank fees like international card deposits do, saving you money. You also can’t withdraw your winnings using credit or debit, but Bitcoin payouts are supported by all major gambling sites. Finally, the security of BTC is simply superior to the security attached to credit and debit transactions, and you get better bonuses to boot!

Nope! There are no domestic, state-licensed gambling venues that currently accept Bitcoin transactions. This is a major oversight, but given the regulatory nature of government, it is unlikely that a decentralized non-governmental currency like Bitcoin will ever be widely accepted by in-state gambling houses. For this reason, if you want to fund your real money gambling apps via Bitcoin, you’ve got to stick with offshore operators.

There are a number of Bitcoin wallets out there. You can use software wallets, hardware wallets, “cold storage” wallets, and even just keep your BTC on the big exchange networks. For convenience and ease-of-use, we suggest using exchange-based wallets or software wallets for storing any Bitcoin you intend to gamble with. However, for the greatest security, hardware and cold storage wallets are recommended.

One of the main draws of Bitcoin is that it is decentralized, meaning that there are no banks or governments influencing the pricing of each BTC unit. In other words, the price of Bitcoin is solely dependent on what people are willing to pay for it at any given time. As a result, the vale of BTC can fluctuate day to day and week to week, often by hundreds of dollars.

In this way, BTC is useful not just as a way to transfer money but as a way to invest, as well. And because the price can go up or down literally overnight, Bitcoin is especially attractive to gamblers.

Yes, most online gambling sites accept other cryptocurrencies as well as Bitcoin. However, BTC is the only constant across the board. One site may take Bitcoin Cash in addition to Bitcoin, while another may take Ethereum, Solana, Litecoin, Cardano (ADA), Stellar, Ripple, or any other common cryptocurrency out there. However, since BTC is the only universally accepted crypto, we recommend sticking with it for all your gambling transactions.