BitCasino.io – Legit Licensed Bitcoin Casino Gaming Platform?
What Is BitCasino?
BitCasino claims to offer a convenient platform for their customers to gamble their Bitcoins. Bit Casino has also put down a bonus incentive for any customers that come their way: customers may double their first deposit by up to 1,000 mBTC if they join now.
BitCasino Special Offers
Like most online casinos, Bitcasino offers a few different special offers for their customers to get accustomed to their platform.
The Live Casino feature provides a realistic gambling experience for users as they are attended to by experienced dealers. Customers can play a variety of different card games such as Blackjack, Baccarat, Poker, and Roulette. There are multiple languages to choose from and the system caters to a worldwide audience.
To get started with the Live Casino, one simply makes a deposit of Bitcoins from their wallet to the gambling platform. The minimum deposit to get started is 1mBTC, and is also subject to the terms and conditions that can be read on the company’s website.
In addition to the special offers offered by BitCasino, one will also be presented with promotions, which differ from special offers as they are typically time sensitive. An example of such a promotion ran by Bit Casino is being able to win tickets to sports events, lotteries, travel packages and more. These promotions can be won by gambling a certain amount of Bitcoin through the casino, or can be sometimes be drawn at random by participating in the brand’s various events.
Is Bitcoin Gambling Legal In The United States?
While some consumers may not be too bothered about the legal standing of bitcoin gaming in the USA, the topic is well worth looking into. Online gambling has become a topic of debate for the past couple of decades, even in the United States. Various countries have different opinions and regulations set up to tackle online gambling. This explains why some online gambling platforms don't serve clients in specific states.
To be more particular, if the state or region you live in prohibits online gaming, it won't matter which kind of payment is being used. Betting is, technically speaking, not illegal on the national level by any means. However, many US states have made gaming illegal, irrespective of whether it happens in a physical location or on the internet. The method of payment used to fund one's gambling activities, however, is a different thing entirely.
Using the banking platform for gambling purposes is illegal in America. To be more specific, these laws apply to gambling operators on a state and national level. Federal legislation focuses on the transfer of capital, whereas country laws govern the operations within their respective state. Some individuals may remember how poker in the United States was a booming business until a few years back.
It is worth noting that the IRS has not taken a formal stance on bitcoin gambling yet. Even though it's possible for gamblers to make a profit, get paid out in bitcoin and convert their winnings to US Dollars, the IRS is not concerned about this situation. Gambling operators, on the other hand, may face the anger of these organizations at any certain time.