USD Coin Betting Sites

USD Coin (USDC) is a stablecoin crypto whose value is pegged to the US Dollar. That means that it will always be worth 1 dollar. This is a much-welcomed option as it combines access to crypto benefits without the risk of losing your bankroll's value—the best of both worlds.

What's more, you can transact it via various blockchain networks, making it extremely versatile. Let's continue by checking out the USD Coin betting sites, some of the lowest-risk/highest-reward crypto bookies you will find.

What Are The Best USDC Betting Sites

Nowadays, almost all bookies support USDC. This is the reason we put together a list with the top options. We based this list on bookmakers that thrive on reliability. We also looked for the ones offering many different networks, realistic deposit limits, and minimum withdrawal terms.

What makes USD Coin Gambling unique

USD Coin is an excellent addition to the crypto market. Being a stablecoin allows for a convenient way to trade cryptocurrencies without the constant need to convert your conventional currency.

You can buy almost every crypto you wish with it, which is excellent versatility. The best part is that it has a stable price, making USDC gambling sites ideal because the coin does not fluctuate in value.

Reasons for USD Coin Gambling

As you can understand, there are a lot of reasons that USDC gambling feels like a good choice. If you are risk-averse but still want to start gambling with cryptocurrencies, then USDC may very well be the go-to option for gambling. Let’s see why below.

✔ Hassle-free access to crypto

USD Coin provides easy access to the other cryptocurrencies. You can acquire and use it to enjoy the advantages of gambling with other cryptos, such as Bitcoin and Ethereum. You can use it on centralized and decentralized exchanges, as well as with many bookies.

✔ Very fast transactions

In USD Coin gambling, you can use multiple networks for their high speeds, allowing you to quickly complete your deposits and withdrawals. For comparison, a withdrawal with USD could take up to 1-3 business days to complete, depending on the bookie. Using USDC, a withdrawal does not take more than 5-10 minutes. Therefore, you can find its availability on our certified fast payout betting sites.

✔ Secure Transactions

We already spoke about taking the best of both worlds. One of the many positives of cryptocurrencies is unparalleled security in transactions. The token started as an ERC-20, taking advantage of Ethereum's secure network. Nowadays, you can find it on other blockchains, like BSC, Tron, and Solana. All are perfectly safe options.

✔ No volatility

One of the main pains you may experience when dealing with crypto is its extreme volatility. Imagine this applied to your bankroll 24/7. One moment, your funds may skyrocket in value, only to evaporate the next day. That is not the case with USD Coin, which has no volatility and will never be worth anything other than one USD. Even in extreme volatility, the price seldom sheds more than 1%.

✔ Promising use case/incredible opportunities

Don't convert it to fiat once you are done betting with USD Coin. Holding it lets you dive into the fascinating world of cryptocurrencies and decentralized finance (DeFi). Think about DeFi as bank services on steroids. Through it, you can access several services where you can allocate your USDC and enjoy passive income, which, in turn, you can use for gambling.

✔ Too big to fail: Backed by giants

USD Coin is not just any common cryptocurrency. It has some serious backers, making it almost impossible to fail and here to stay. Besides that, the functionality of combining stable value and a fast, anonymous way to manage your bankroll when betting is too good to pass by.

Reasons against USD Coin gambling 

We spoke about the advantages of using USD Coin in gambling. But, as you understand, there are, of course, certain disadvantages of USDC gambling. Some of these downsides are very significant, so consider them carefully. Let's see what they are further below.

❌ Very scarce option

Despite the notable use-case for gambling, USDC is almost absent in the best crypto bookmakers. Less than 10% of bookies accepting crypto include it as an option. This means you will struggle to place a bet with USD Coin.

❌ Less decentralized

The strong backing USDC enjoys from Coinbase and Circle may, at a glance, be positive. However, this also makes it less decentralized. Potentially, this means that if the significant backers decide to pull the plug on USDC, they might be able to achieve it and kill the coin. Unfortunately, contrary to the crypto mainstream, USDC is not decentralized enough to be censorship-resistant.

❌ High Fees on the Ethereum Network

Whereas the USD Coin provides interoperability and a way to eschew crypto volatility, the cost of doing business on the Ethereum network is currently high. That translates to higher fees for the bookies, who can not afford to have as low minimums as they do in other cryptocurrencies. So, it may not be worth transacting with USDC if the only offered network is ETH.

❌ Irreversible Transactions

Cryptocurrencies, including USDC, provide peer-to-peer transactions without a mediator, such as a bank or payment service. Unfortunately, you cannot reverse a transaction in case of a mistake or theft. As a result, you lose your funds forever. That is not to be taken lightly.

❌ Withdrawal Limitations

Even though USD Coin gambling allows for blazing-fast transactions, this is not always true. Simply because the bookie may impose limitations on the amounts or the intervals they permit you to withdraw your money. Sometimes, they process withdrawals manually, meaning you will not get your money as fast as you hope.

❌ Unlike other cryptocurrencies, you will not enjoy any upside

One of the most exciting things about gambling with other cryptocurrencies is that it is quite probable they will rise in value, and your gains will multiply. This is not the case with USD Coin, which will always be worth 1 USD. You could be missing out on massive gains during bull markets.

❌ Crypto requires some proficiency

Cryptocurrencies are a new asset, and as with everything new, you need to familiarize yourself with the processes and, most importantly, avoid making mistakes that will cost you. We mentioned that transactions in crypto are irreversible.

Are USDC betting sites safe

USDC is a cryptocurrency with stable value; price and volatility-wise, it does not get safer than this in crypto. Adding the fact that there are significant players involved behind USDC and the US government’s blessings makes for a very safe and secure asset.

The betting sites that offer USDC are safe as long as they have some particular traits. No matter what, always play in trusted bookies. Look for a USDC Sportsbook with a license that offers reasonable bonuses and responsive, 24/7 customer service in chat and email.

If any, our Stake.com review can confirm that the brand ticks most of these "boxes". Of course, you should be wondering about the laws and taxes surrounding the crypto token.

☝ Legislation around USDC gambling 

A central feature of almost all cryptocurrencies is decentralization. That means no central authority exists to control them. That fact alone makes cryptocurrencies legal to the vast majority of the world. Nonetheless, legislation around gambling with them is a bit vague.

It depends more on the age and gambling laws in your region. Also, remember that laws are factored in when you play at a trusted bookie. In general, if the bookie is accessible to your country without a VPN, it’s probably legal to use it.

☝ Do I pay taxes using a USD Coin Sportsbook

Currently, and for the most part, USDC gambling is not taxable. We recommend you approach this as you would with any potential taxation coming from gambling winnings. Moreover, remember that you are not taxed in most cases unless you realize profits by trading crypto to fiat. If you are a US citizen, you can hold your USDC for over a year to pay considerably less taxes on them.

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Also Read: Can I deposit with USDC and activate the BC.Game Promo Code?

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Explaining USD Coin Gambling

Stablecoins are cryptocurrencies whose value is tied to the worth of a particular asset. This asset can be a real-world commodity like gold or, in the case of USD Coin, a FIAT currency like the United States dollar.

As with most stablecoins, USDC pegs its value to one dollar. It also aims to provide interoperability as a stable means of transaction within the sphere of cryptocurrencies. USD Coin was created by Centre Consortium, a partnership between Coinbase and Circle.

Coinbase is the largest crypto exchange globally, and Circle is a payment systems giant backed by Goldman Sachs, one of the world’s largest investment banks. Moreover, to keep this value stable, USDC keeps one US dollar for every USD Coin issued at a monitored bank account.

There is no doubt about its credibility, which, combined with speedy transactions, makes it a haven from volatility looking to chop up your bankroll. All things considered, USDC gambling is a fantastic option when you find it at bookies.

USDC, Ethereum and other networks

USDC operated as a token on the Ethereum network. That made it possible to take advantage of the vast array of applications Ethereum offered. On the other hand, it came with expensive fees.

The minimum amounts you can deposit in bookmakers compared to other cryptocurrencies were too high. There have been developments lately which allowed USDC to run on other currencies’ networks, such as Stellar, Solana, and Binance Network.

Despite being very fresh additions, they helped lower the transfer fees. When USDC bookmakers applied the above, it was a game-changer. The minimums were significantly reduced, making USDC gambling more attractive.

If you want to find alternatives, you can go through our site and read the rest of our crypto guides. Here is a little sample of them:

⏩ Zcash Sportsbooks

⏩ Tron Betting Sites

⏩ Stellar Gambling

Buying and Depositing at USDC gambling sites

You must use liquid and trusted exchanges to purchase and deposit your USDC for gambling. Coinbase is the best option, as it is the exchange that co-created USD Coin. Binance and Kraken are good choices, too.

• 1
  Open an account. You will not need KYC verification if you trade up to a certain amount (usually depicted in BTC worth). Deposit your conventional currency.
• 2
  Buy USDC, then transfer it to your digital wallet. Do not send it directly to the bookmaker. They have very strict gambling policies, and you may lose your funds.
• 3
  Go to a USDC Sportsbook and sign up for an account; in most cases, you only need an email address to register and no other personal information.
• 4
  In the deposit section, select USDC. Then, copy the unique address generated there. Always carefully check the address where you are depositing crypto.
• 5
  Go back to your personal wallet and paste the above address. Be careful with the network; It MUST match the one selected on the betting site.
• 6
  Confirm the transaction. That’s it. Within minutes, you have funded your account and can now start betting.

How to Withdraw from USDC betting sites

Once you are done betting, go to the withdrawals section. Make sure to check the withdrawal terms and conditions before initiating one because you need to see the limits your bookie allows and the frequency of the withdrawals they allow.

Then, using the same process as deposits but in reverse, send your gains back to your wallet. In line with each bookie’s policies, consider that you may need to do this more than once to withdraw your profits entirely. Then, you can store your USDC in your wallet or go to a trusted exchange, trade it for anything, allocate it to a DeFi service, and earn passive income.

Is USDC gambling worth it

USDC and stablecoins are a must because they incorporate access to crypto options for your gambling and keep you safe from violent price swings. Coupled with the fantastic withdrawal speeds and the excellent subsequent investing opportunities they offer, you should definitely opt for USD Coin gambling.

The only issue is that very few bookies accept it right now. Remember, despite being a new coin, USDC is almost guaranteed to be a top-10 coin. It will be around longer than most crypto, and we are confident it will become more widely available for sports betting in the near future. In the meantime, choose your USDC sportsbooks from our list and remember to gamble responsibly.