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It is legal to use Bitcoin in the United States, and this includes California. While you can send and receive funds to and from your online gambling account, it is important that you do so using a wallet, and not directly between an exchange and the gambling website.
Nearly all exchanges have rules that prohibit funds to be used for gambling, legal or otherwise. Sure it's more convenient as you are eliminating one extra step and saving a small amount on already super low fees. Wallets add an extra layer of security and anonymity.
California is now gung ho about Bitcoin with the price rising and more mainstream outlets allowing such transactions. For gambling, Bitcoin allows for anonymous transfers. In this era where more and more people are concerned over privacy issues, this is a perfect way to send and receive money.
Question: Do I need to send one whole Bitcoin to an online gambling site?
Answer: NO. If you wish to only send US$300 to a book, in today's market with one Bitcoin trading close to $9000, you would be sending 0.033 in Bitcoin, the equivalent of US$300.
There is actually a cryptocurrency trading platform, Abra, based out of California.
Abra Borrow will initially be available in 35 U.S. states, as well as globally.
Start Betting With Bitcoin Here Today - Highest Limits
- Aaron Goldstein, Gambling911.com
