Legal USD Coin Gambling For 2024

USD Coin is a crypto stable coin that, since its launch in September 2018, has rapidly become one of the most popular and heavily traded cryptocurrency assets in the world.

Each USDC coin is pegged 1:1 to the US dollar and is backed by fully reserved assets.

Most crypto enthusiasts and investors use USD Coin for swing trading, day trading, and arbitrage, but it’s a valid investment-grade crypto coin in its own right.

Many online vendors of goods and services – including some of the best online gambling sites – accept USD Coin as a matter of course, and it’s even backed by Visa!

You have several good options when it comes to USD Coin wallets.

While the nature of USDC compels most holders to keep it in their active crypto exchange accounts, that’s not the most secure option.

For online gamblers, we recommend using a USDC software wallet like Atomic, Bread, Electrum, or Exodus. These are all available as apps for iPhone and Android, too, which allows gamblers to streamline their entire experience.

With mobile online gambling and mobile crypto banking in the palm of your hand, there’s no more convenient way to bet real money online! 

Nope. USD Coin is tied to the US dollar at a 1:1 ratio, so it’s always going to be worth exactly 1 USD.

Of course, due to the inflationary tendencies of fiat currencies, the value of the USD Coin will slowly depreciate in lockstep with the dollar.

That probably doesn’t matter much to online gamblers, but it’s something to consider long-term if you plan to invest in USDC outside of legal betting over the Internet.

That’s difficult to answer.

If all you’re doing is gambling at legal online casinos, sportsbooks, and poker sites, then it’s not really good as an investment, per se.

Now, USDC does allow you to get into crypto without incurring the risk of volatile crypto fluctuations, which is a good thing. And it also lets you get all the crypto betting benefits these sites offer without worrying about the above.

However, if you want to gamble with a crypto asset that goes as the market goes – where you can enjoy gains to your bottom line whenever the value of given crypto goes up – then USDC can’t really be used for that.

As a rule, if you’re going to gamble with USD Coin, you should probably deposit in USDC and pull out your winnings in a different cryptocurrency when the market is trending low for the coin in question.

Most definitely. In fact, this is USDC’s biggest strength in the online gambling industry.

When you deposit with USDC, you get all the perks of Bitcoin/Litecoin/Ethereum/etc. without any of the potential drawbacks (i.e. market devaluation).

It’s just like depositing in US dollars, but your transfers can never be interrupted by the UIGEA banking law, and you can claim enhanced betting bonuses and get access to same-day crypto payouts.

Plus, with the USD Coin blockchain, you can also rest assured that your financial data is doubly protected with regular site encryption and quantum-hacking-resistant open ledger technology.

We think so. While it’s not our first choice personally, we’ve been in the crypto game for years.

For first-timers and new bettors, however, it’s hard to beat the stability of the stable coin.

Eventually, as a gambler, you’ll probably want to try out other cryptos due to their growth potentials, but for starters, USD Coin is money in the bank.