Do you live in a country, such as Norway or the US, that has made online poker or gambling illegal? This post will teach you 1 loophole you can use to gamble legally, anywhere…
And the answer is…
Bitcoin casinos make it possible to gamble legally anywhere, because bitcoin is not official currency, and therefore it is legal to do anything you want with it. The best part is that even if someone was to outlaw bitcoin gambling, you could easily just move to the next cryptocoin, such as litecoin or even dogecoin.
Many new bitcoin casinos seem to be surfacing as bitcoin grows in popularity and stabilizes. As more and more people are starting to understand it, it gains in strength, and it looks like bitcoin is not going anywhere any time soon.
Aside from the obvious benefit that makes gambling legal anywhere, bitcoin casinos offer many other good things compared to traditional online casinos. For one, deposits and withdrawals are nearly instant! Some of these casinos don’t require any sort of confirmation from the operator, and deposits and payout are literally instant, others can take up to an hour to confirm a transaction. This is still much, much faster than real money casinos. If you take into account that you don’t even have to confirm your identity to withdraw or play in these bitcoin casinos, it seems like a no brainer to drop real money casinos alltogether.
There are caveats though. Bitcoin is still kind of volatile, and although it will probably never lose it’s value completely, it still fluctates a lot. It is getting more and more stable though, which is an extremely good thing.
Other major law would appear to be trust; how can you know which casino to trust, since they don’t even require a licence to start a bitcoin casino? Well, they have already figured an answet to this by implementing provably fair technology. More on this later.
The bottom line is that bitcoin casinos are legal anywhere, and will probably continue to get more and more popular as time goes on. Share this post if you liked it!