U.S. gamblers can now buy bitcoin with Abra and American Express

Discussion in 'General Bitcoin Gambling Discussion' started by Humble Servant, Jul 27, 2017.

  1. Humble Servant

    Humble Servant Active Member Staff Member

    Online gamblers in the United States are always looking for easy ways to purchase bitcoin with their credit cards. Circle was popular until they pivoted aways from bitcoin and Coinbase has already banned many customers who made the mistake of transferring their bitcoin from their Coinbase directly to a BTC sportsbook, poker room or casino without using an intermediate wallet. That's why we were happy to learn yesterday that Abra Global have integrated American Express into their wallet app to allow their customer to easily purchase bitcoin.

    If you download the Abra Global iOS or Android app you will be able to purchase $200 worth of BTC every day and up to $1,000 per month. That should be enough to satisfy most sports bettors and poker players in the United States who gamble recreationally. The only major downside is the 4% fee, which is higher than what you would expect to pay at many U.S. exchanges.

    This new integration doesn't just apply to American Express branded cards but also extends to prepaid cards like Bluebird and American Express Serve, which can be purchased at Walgreens, CVS or Walmart.

    IMPORTANT: Once you have purchased your bitcoin using the Abra app, you should not send it directly to your betting account as Abra will likely close your account. It is important that you send it to an intermediate gambling friendly wallet where you control your private keys. Examples of these type of wallets include BreadWallet (iOS) and Mycelium (Android).

    Last edited: Jul 27, 2017
  2. Wonka

    Wonka Member

    The Abra app is awesome. Yesterday I bought $100 dollars worth of bitcoin with my Amex, I transferred it to my gambling friendly Mycelium wallet and then deposited it at Bovada. Whole thing only took a couple of hours. Hopefully the fees will come down in time but I don't mind paying a little extra for the ease of use.
  3. Jake21

    Jake21 Member

    for me the only thing interesting about abra was the fact that they had a teller system where you can buy and sell bitcoin directly from people in your vicinity similar to how local bitcoin and paxful works. now that they've disabled that feature i don't see what's differentiates them from any other wallet.
  4. Humble Servant

    Humble Servant Active Member Staff Member

    The fact that you can buy with American Express is now also a little less impressive since you can buy bitcoin with any type of debit card if you use the CashApp.

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