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Published on January 27th, 2014 | by Steve Gardman

CoinBet launches Bitcoin Online Casino

Online gambling enthusiasts in the U.S. are in for a treat as CoinBet announced the launch of its new online gambling site. It is now among the first fully licensed gaming operators to bring legal online gambling back for U.S. residents. CoinBet will accept the popular crypto-currency Bitcoin at its online casino, sports book and poker site. Players based in the U.S. can now benefit from a platform that can legally accept real money wagers from U.S. players using Bitcoin. Some gamblers are in favor of this service which also offers players the option to register anonymously with only an email and password.

Since Bitcoin isn’t officially recognized as a currency by lawmakers in the U.S., online gambling with a virtual currency like Bitcoin cannot be termed illegal under the Wire Act or UIGEA or Unlawful Internet Gambling Enforcement Act. U.S. residents can play real money games using the service. CoinBet is among the fist sports-books to offer speedy cash payouts within minutes of confirmation of a wagering result.

John Bauer, CoinBet Interactive Gaming’s senior vice president was of the opinion that the company was leading a revolution in gaming. This was made possible with industry-leading technology that allows for a better gaming experience. This includes zero transaction fees, provisions for speedy deposits and instant payouts, Bitcoin processing for players, and anonymous betting. Bitcoin and anonymous gaming services are available to U.S players.

CoinBet also announced the launch of a Huge Super Bowl Giveaway, offering U.S. players the chance to win $1,000 in cash in addition to a 2014 Mercedes S550. There are also 4K Ultra HD TVs and hundreds of other high value prizes up for grabs. Every new account created up to February 2, 2014 will be eligible for a big bonus, which is a million dollars in hard cash.

Anyone who signs up and makes a bet of $500.00 or the Bitcoin equivalent will gain entry with an opportunity to win the life-changing prize. The casino extends the offer to its friend referral program. Registered members can share information about the giveaway on social networking channels like Facebook. For any referred friend that wins, the referring friend will also receive the same prize, which includes the million dollar bounty. In addition, CoinBet offers a wealth of promotions, bonuses and cash prizes, and poker promotions as well.

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