Can I Gamble With Bitcoin Without A Bank Account Or Credit Card?
Gambling with Bitcoin at an online casino is very popular at the moment. More online casinos have become willing to accept Bitcoin as a method of deposit. This means that you can potentially increase the amount of Bitcoin you have right now by playing blackjack and your other favorite casino games. Nothing could be easier, but some people wonder if they need a bank account or a credit card to gamble with Bitcoin. The answer is a resounding no.
The Advantages of Gambling With Bitcoin
One of the main things that prevents people from gambling at an online casino is the need to share credit card or banking information in order to make a deposit. Their concerns are not unwarranted. Providing personal information on the Internet always carries some type of risk. All reputable online casinos use the highest security protocols to keep user information safe. If you stick with the ones that we recommend there is little chance of your data being compromised.
But what if there was a better way to make deposits and receive cash outs? Bitcoin just might be that better way, and a big reason for that is the fact that gambling with Bitcoin does not require you to have a credit card, debit card, or bank account. Instead of using these methods to fund your gambling account, you use Bitcoin instead.
Bitcoin is a decentralized digital currency that does not rely upon traditional methods of banking. This means that there is no bank account associated with your Bitcoin. The tokens you have are stored in a cryptocurrency wallet which is solely used for Bitcoin. Right away you should be able to see some advantages of online gambling with this method.
Using Bitcoin to gamble means that there is no paper trail like the one created when you use a credit card or a bank account. All the records of Bitcoin transactions are preserved on what is called the blockchain. The blockchain is a digital ledger that keeps track of token exchanges and other data. Some people are hesitant to gamble online because they do not want a credit card receipt popping up that their spouse or someone else may discover.
Bitcoin can also give you some small measure of anonymity when you use it to gamble. But you should know that registering an account with an online casino may still compel you to verify your identity. This could create a link between you and the Bitcoins that are being used.
Do Online Casinos Require a Credit Card or Bank Account for Verification?
The answer here again is no. Most casinos will only require you to submit some form of ID for verification. You may be asked to provide a copy of your driver’s license or identification card before you are permitted to make withdrawals from your account.
Casinos that accept Bitcoin will only require that you have a Bitcoin wallet for sending and receiving payments. You can create a wallet for free and there are many to choose from. There are even some hardware wallets that you can carry with you at all times.
So, if you are ready to begin gambling with Bitcoin then why not try out one of our recommended online casinos? You can receive a nice welcome bonus when you sign up, and you’ll be able to play on a variety of devices including your computer, phone, or tablet.