The seller will provide an email address for you to enter on the Zelle app. Once you send the money to the given email address, tell the seller that the funds have been sent and click ' I have paid ' on LBTC. Your bitcoin should be released shortly after. Buy bitcoins using Zelle with US Dollar (USD) LocalBitcoins.com user motoraloco wishes to sell bitcoins to you. Price: 33,524.98 USD / BTC. Payment method: Zelle User: motoraloco (feedback score 100%, see feedback) Min. Amount: 200.00 USD. Location: Miami, FL, USA. Payment window: 1 hour 30 minutes. A quick tutorial on how to sell Bitcoins for a bank transfer even if it's the weekend!! Great for college students who need quick cash or Bitcoiners who have. Sending Bitcoin. Open your Bitcoin.com wallet app and select Send. Copy and paste the recipient’s wallet address into your own wallet app. Or, if you’re in person, select Scan QR code and simply scan it with your app. Choose which wallet you want to send Bitcoin from. How To Buy Bitcoins. Instacoins is one of the easiest and most trusted places to buy Bitcoin securely. Instacoins allows you to buy Bitcoin in three easy steps: Step 01. Register for an Instacoins account by visiting the “Sign Up” link. Enter a few personal details and upload.
Because of national and international banking regulations, the legal online gambling industry has always had to be one step ahead of the game when it comes to account funding. Now, the newest way for US players to deposit into their casino, poker, or sports betting accounts is to use the Zelle to Bitcoin option.
Developed by major US banks, Zelle is a money transfer platform, and it has some real benefits for those who’ve had an otherwise difficult time sending funds to their favorite offshore betting and gaming sites. By using Zelle to purchase Bitcoin, wait times can be reduced from days to mere minutes, letting you spend more time betting and less time worrying about your bankroll.
Zelle money transfers essentially allow you to make an instant Bitcoin purchase that can in turn be used to fund your online gambling account. Zelle cannot be used directly to fund your account but serves as a great intermediary for purchasing Bitcoin without the waiting period or hassle of establishing a BTC wallet.
Is It Legal To Buy Bitcoin With Zelle?
As long as it’s legal to buy Bitcoin, it’s legal to buy Bitcoin with Zelle. To date, no US states have any laws against purchasing BTC, albeit you should always be sure to abide by the IRS rules and regulations regarding cryptocurrency taxation.
Because Zelle is a product of the banking industry, some analysts believe that BTC and other crypto purchases might eventually be outlawed by individual banks, but that hasn’t happened yet. If and when the US gambling laws or rules regarding Zelle and crypto change, we will update this page accordingly.
Bovada is an online gambling pioneer, so it makes sense that it would be one of the first major betting sites to offer a branded Zelle deposit option. The company operates under the banner of the internationally licensed Bodog brand, and as a Zelle friendly gambling site, deposits are now even faster and easier than ever.
To deposit with Zelle at Bovada, simply sign up for a free account, and when you go to load up your funds, click or tap the Zelle option. This will give you detailed instructions on how to go about quickly converting Zelle to Bitcoin, which you can then deposit immediately. When you deposit using Zelle, you’ll get same-day access to sports betting boards, a Vegas-style casino with table games and slots, a huge poker room, and even an international racebook.
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The Zelle platform is actually owned by several major banks, including Bank of America, BB&T, Capital One, Citibank, and others. If you currently have online banking enabled or manage your financial accounts via an app on your smartphone, you probably have access to Zelle already. Call your bank or credit union for more information.
To use Zelle, you have to be at least 18 years of age. This shouldn’t be a problem, as you also have to be 18+ in order to sign up at any online gambling site. That said, some states explicitly mandate a minimum online betting age of 21, in which case you should stick with the local laws in your area.
If you use a site like Bovada or Ignition Casino and sign up through their specific Zelle portals, you will only be eligible for standard deposit bonuses, not the enhanced Bitcoin bonuses. However, if you use Zelle to acquire BTC at LocalBitcoins.com independently, you can then deposit using that Bitcoin and claim any extra associated bonuses.
LocalBitcoins.com is a legitimate peer-to-peer BTC trading site. Unlike a crypto exchange, at LocalBitcoins, you’re dealing with individual private sellers. To prevent fraud, the site holds BTC purchases in escrow, releasing your Bitcoin as soon as your Zelle transaction goes through.
The concept with Zelle is that it’s like digital cash, where you just send money from your linked bank account to someone else’s. That means you can buy just about anything with Zelle, provided that the seller accepts it. However, as with cash transactions, there are no service or product guarantees, and banks do not monitor or refund Zelle transactions.
Zelle is a banking product that you likely already have access to. Essentially, it’s a convenient way to send USD from your checking or savings account to another person or company. However, it only works this way if both the sender and the recipient are physically located in the US. Naturally, such a model can’t work to fund your offshore gambling activities.
For our purposes, then, Zelle is not a direct banking method. When you use an offshore gambling site that says it accepts Zelle, you’re not actually sending your cash to that site. Instead, you’re using Zelle to purchase Bitcoin from LocalBitcoins.com, which you can then easily send overseas. The Zelle-to-Bitcoin process makes buying BTC quicker than ever, as other fiat-to-BTC sites can take 7-10 days to process. With Zelle, you can buy BTC in just a few minutes and start playing Bitcoin gambling sites right away!
Other popular crypto betting options include Stellar casinos, QB Direct gambling sites, and Bovada's new MatchPay deposit option. QB Direct (by QuickBit) and MatchPay are similar services to Zelle but as of now, only a few gambling sites embrace them.
While every A-rated gambling site can be funded with Zelle-to-BTC, some make it easier than others. The Bodog family of US-friendly gambling sites is the first to jump on the Zelle bandwagon, with the entire Bovada family of casinos, poker sites and sportsbooks accepting Zelle deposits via Bitcoin transfers - see the table above. However, even if a site doesn’t offer specific support for Zelle, you can still use this service to purchase BTC and fund your account.
At Zelle-friendly betting sites like Bovada, Slots.lv, and Ignition, you can simply follow their explicit instructions for how to deposit with Zelle. For all other sites – or if you just prefer to have more flexibility in general – you can follow the following Zelle funding instructions:
Using Zelle to fund your Internet gambling account is beneficial in several key ways. Zelle offers the following perks:
Zelle isn’t perfect, and it’s not for everyone. These are the main Zelle negatives to be aware of:
Disclaimer: Zelle is not a direct way to fund your online betting account, as it is specifically useful in this context only in how easily it lets you purchase Bitcoin via the LocalBitcoins exchange. Zelle is not affiliated with this site or any legal online casino, sportsbook, poker room, or racebook. Further, Zelle does not implicitly or explicitly endorse online gambling in any way.