Choosing the best prepaid banking options for online casinos and sportsbooks can be challenging, but new data shows that Bitcoin is the top choice for many Americans who gamble online.
As the most widely accepted and valuable cryptocurrency today, Bitcoin has proved its lasting power as an asset to many digital currency connoisseurs. Today, more than 250 online stores, ranging from popular retailers to online gambling sites, accept Bitcoin payments.
Below, we will discuss why betting with Bitcoin is a good idea and what to expect from the popular blockchain-backed technology in the future.
Bitcoin Gambling Perks
When gambling with prepaid assets, perks and anonymity are often the motivating factors. The most trusted online casinos and sportsbooks all accept Bitcoin; some even accept popular altcoins such as Litecoin, Ethereum, Dogecoin, Cardano, and more.
Bitcoin depositors can often take advantage of bigger bonuses, faster transactions, and little to no processing fees. While most sites claim processing a Bitcoin transaction takes up to 24 hours, our experience has been much shorter and often almost instantaneous.
Gamblers who make casino deposits with Bitcoin can also receive their winnings in Bitcoin. However, Bitcoin deposits are converted to USD and do not rise or decrease in value with the current market. Payouts are based on the USD amount in a user’s account.
Bitcoin Continues To Dominate Under President Trump
In December 2024, Bitcoin soared past $100k and peaked at USD 103,332.30. The climb has been attributed by many to the reelection of US President Donald Trump. While in his first stint in the Oval Office, Trump was on the fence about digital assets, this time, he seems much more friendly to the new technology.
On the campaign trail, Trump touted digital assets and even stated that the USA would soon be the crypto capital of the world. Since his reelection was confirmed, President Trump and First Lady Melania Trump have both launched meme coins.
Since Trump took office, Bitcoin’s value has dropped slightly, but it is still currently valued at around $97,000.