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Zelle Bitcoin

4/10/2022
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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.

Who

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.

Pros

  • US Friendly Deposit Options
  • Deposit Easily With Your Credit Card, Bitcoin, or Zelle-To-BTC Transfers
  • Fast And Reliable Payouts
  • Enjoy Sports Betting, Casino, Poker, Horses Betting, and live dealer gambling With 1 User Account

Cons

  • Does Not Accept Players from NJ, NV, DE, or MD.

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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.

Zelle

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.

How Zelle Works: The Zelle-To-Bitcoin Process

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.

The Best Gambling Sites That Work With Zelle

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.

How To Deposit Into Your Online Gaming Account Using Zelle

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:

  1. Set up a legal online gambling account.
  2. Confirm that your bank offers a Zelle payment option - you can do this when you register as a user with the Zelle app.
  3. Set up a LocalBitcoins.com account.
  4. At LocalBitcoins, initiate a purchase of BTC using Zelle.
  5. At your preferred gambling site, select the Bitcoin deposit option.
  6. Send BTC from your LocalBitcoins account to your gambling account at the address provided by the gambling site’s cashier.
  7. Start gambling.
  8. Win big!

What Kind Of Gambling Sites Support Zelle?

  • Casinos that accept Zelle – Because Zelle lets you make quick, same-day BTC purchases, you can effectively use the platform to fund all your online casino gaming. Whether you prefer table games, video poker, or digital slots, you can spend less time banking – and more time BANKING! – when you use Zelle-to-BTC to load up your casino gambling account.
  • Poker Sites that accept Zelle – Poker sites have action 24-7, whether you’re playing a few hands at a sit-and-go or entering giant tournaments with hundreds of thousands of dollars on the line. Of course, you can’t win anything if you don’t buy-in, and for first-time Bitcoin players, Zelle is the best way to top off your bankroll with crypto.
  • Sportsbooks that accept Zelle – Sports betting, more than any other kind of online gambling, requires speed. The games on the schedule wait for no man, and if you see a valuable line or attractive odds, you have to pull the trigger ASAP. Because sports bettors don’t have time to wait while BTC transfers take days or weeks, Zelle is the perfect solution.

Zelle Benefits

Using Zelle to fund your Internet gambling account is beneficial in several key ways. Zelle offers the following perks:

  • Same-Day Bitcoin Buy-In – No more 10-day waits!
  • Widespread Adoption – Over 27 million users and counting.
  • No Added Fees – Banks do not currently charge their members any fees for using Zelle.
  • No Purchase Restrictions – Banks do not monitor and approve/disapprove any Zelle transactions. Caveat emptor!

Zelle Drawbacks

Zelle isn’t perfect, and it’s not for everyone. These are the main Zelle negatives to be aware of:

  • Requires LocalBitcoins Account – To use Zelle for gambling at offshore sites, you need a LocalBitcoins.com account, which is free. (We're not sure this is actually a drawback as this step is so easy.)
  • Can’t Send Money Out Of The US – Direct Zelle transfers are limited to the US only.
  • Zelle Payouts Not Supported – You cannot receive winnings from offshore gambling sites via the Zelle platform. Instead, you can be paid out in Bitcoin.
  • No Bank Protections – Banks do not guarantee Zelle transactions or offer refunds for accidental/fraudulent purchases. Caveat emptor! This is true for any purchase made with Zelle, not just Bitcoin.

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.

At most top-tier USA sportsbook sites, there are numerous sportsbook online deposit options to choose from. One of the newest methods that you’ll come across is something called Zelle. A few sites – namely Bovada – support Zelle specifically, but you can actually use the service to fund any betting account, provided the operator accepts Bitcoin (BTC) deposits.

To use Zelle effectively, you’ll need to know how the payment service works and understand its limitations. However, once you do, you may find that Zelle is the perfect way to fund your sports betting account. Best of all, if you do any online banking at all, you probably already have full access to Zelle, so read on to find out how to use this perk to quickly and easily top off your sports betting bankroll.

Top Sports Betting Sites
That Support Zelle Deposits

There is currently only one major USA online sportsbook that specifically accepts Zelle, and that’s Bovada. However, if you’re willing to do a little bit of legwork (which we explain below), you can actually use Zelle to fund any offshore betting site that accepts Bitcoin deposits.

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Bovada - The First Zelle Sportsbook For US Bettors

Bovada is nothing if not first. It’s in first place as the number-one sportsbook in the US, its parent brand (Bodog) was among the first to bring online sports betting to the country, and it was one of the first sportsbooks that accept Bitcoin. Now, Bovada can call itself the very first Zelle sportsbook, too.

With support for dozens of sports and thousands of daily betting lines, Bovada is a great choice for new and veteran sports betting enthusiasts. And with Zelle-to-Bitcoin options at the site itself, Bovada makes it simple for first-time BTC buyers to make same-day deposits and start betting on their favorite players and teams. (Note: Bovada does not accept new members from the states of NV, NJ, DE, and MD.)

What Is Zelle?

Zelle is a peer-to-peer payment service that is owned by a consortium of major US banks. While it’s only good for US-based transfers and can’t be used to send money directly to offshore sportsbooks, you can use Zelle to purchase Bitcoin from private sellers via LocalBitcoins.com.

Using Zelle in tandem with LocalBitcoins is a quick way to buy BTC, and it allows first-time crypto users to access Bitcoin without the typical 7-10 day wait that sites like Coinbase levy on their customers. This is especially important for sports bettors who often can’t afford to wait a week or more before betting.

How To Fund Your Sportsbook With Zelle

There are two ways to fund your sportsbook with Zelle. The first method works at any online sports betting site that accepts Bitcoin, while the second method is specific to books that advertise branded Zelle support, like Bovada.

Because Bovada has a dedicated walkthrough for users who select to deposit with Zelle, we’re going to focus on the more general method here. Follow these brief instructions, and you can use Zelle to make deposits at other top USA sportsbook sites like BetOnline, SportsBetting, MyBookie, and more.

      1. Sign up at the sports betting site of your choice.
      2. Make sure your bank supports Zelle. If you use a mobile banking app, your bank likely already offers Zelle as one of their customer amenities.
      3. Register for a free account at LocalBitcoins.com.
      4. Find a US-based Bitcoin seller at LocalBitcoins, and purchase BTC using Zelle. You can do this from your online or mobile banking account.
      5. Receive Bitcoin in your LocalBitcoins wallet. (At this step, you can move the BTC to other wallets, exchanges, etc.)
      6. At your online sportsbook site, log in and select the Bitcoin deposit option. You will be given your sportsbook’s BTC wallet address.
      7. Send BTC from your wallet to your sportsbook’s wallet.
      8. Your money will be credited to your account in minutes, and you can start wagering on sports immediately.

Zelle Sportsbook Advantages

The main benefit of using Zelle is that Zelle-to-BTC trading allows you to load up your betting bankroll almost instantly. Remember: Zelle is a way to quickly buy Bitcoin via the LocalBitcoins network. Because other BTC buy-in services like Coinbase can take up to 10 days to process, using Zelle to transfer USD to BTC in just a few minutes opens up a world of opportunity for those new to the cryptocurrency scene.

Zelle Sportsbook Disadvantages

There are no real cons when using Zelle to fund your betting account. Just remember that it can add a bit of complexity, as you have to open a LocalBitcoins account. Of course, doing so is fast and free, and since crypto’s the future, you’re going to need a Bitcoin wallet anyway. By using Zelle to seamlessly transition from your bank account to your crypto account, you can get ahead of the game – and bet on the game – in just a few minutes.

Zelle Pro-Tip: While not a detriment, it is important to remember that Zelle is based on knowing and trusting your seller. Banks will not reimburse or reverse accidental or fraudulent Zelle transfers, so it’s imperative that you trust who you’re sending your money to. Fortunately, it’s safe to use LocalBitcoins, as their transactions are all guaranteed.

Zelle Sportsbook FAQs

Can I use Zelle at any offshore sports betting site?

Yes, you can, albeit indirectly. Remember: Zelle is a way to quickly buy Bitcoin. Whatever you do with that Bitcoin – including using it to fund your offshore sports betting account – is entirely up to you.

Why can’t I deposit USD directly into my sportsbook account with Zelle?

Zelle is limited to US transfers only. Since all the best USA-friendly sportsbooks are offshore, you can’t send them USD straight from Zelle. However, you can use Zelle to buy Bitcoin from a US-based seller, and you can then send that BTC overseas, quickly and safely.

How old do I have to be to use a Zelle sportsbook?

In order to use Zelle, you only have to be 18 years of age. All the top USA sportsbook sites also require their members to be at least 18, so there are no conflicts. (However, please note that Internet sports betting is expressly prohibited in WA and CT, though it has historically been safe to wager online in these states. If you live in WA or CT, proceed at your own risk.)

How can I tell if my bank has Zelle support?

Zelle was developed by several major banks including Bank of America, BB&T, Capital One, Citibank, JPMorgan Chase, PNC Bank, US Bank, and Wells Fargo. That said, most regional and national US banks offer Zelle support, and it’s usually listed as an option in their mobile banking apps. Contact your local bank for more information.

Does Zelle charge any service fees?

While banks are technically able to charge service fees for using Zelle to transfer funds to and from your account, most have opted to waive these in order to support the service and promote adoption. For now, your bank should not charge you any fees to use Zelle.

Can I use Zelle to collect my sportsbook payouts?

Unfortunately, you cannot collect sports betting payouts via Zelle. Remember, Zelle is US-only, so offshore books can’t use it to send you money. However, you can be paid out in Bitcoin, and that BTC can be credited to your LocalBitcoins wallet in just minutes. Cryptocurrencies such as Bitcoin are the fastest way to get your winnings from sportsbooks.

Are there any deposit bonuses for using Zelle?

At Bovada, if you use the branded Zelle deposit option and follow the instructions, you cannot claim any special Zelle or Bitcoin bonuses (though all normal bonuses apply). However, if you use Zelle to acquire BTC on your own, you can deposit using the Bitcoin option and claim special BTC rewards and perks.

Zelle Cryptocurrency

Is LocalBitcoins.com safe to use?

Zelle

Yes. LocalBitcoins.com is safe to use, and you can trust BTC sellers on the platform not to cheat you. This is because the site holds the BTC for each sale in escrow. If a seller absconds with your funds, LocalBitcoins simply awards you the BTC already allotted for you.

Zelle Buy Bitcoin

Can I buy other cryptocurrencies with Zelle?

Yes, but not at LocalBitcoins, which is Bitcoin only. In fact, you can buy almost anything with Zelle, as the banks take a hands-off approach to monitoring Zelle transactions. In many ways, using Zelle is like using cash. However, Zelle is not anonymous, so please limit use of the platform to lawful activities like buying BTC to fund your USA sportsbook account.