Everyday legal online gambling with Bitcoin becomes increasingly more popular in different countries. Mainly due to advantages related to cryptocurrencies such as anonymity, quick payments, low commissions, etc. Cryptocurrencies have established a system where there is no need for third parties. When the user makes a financial transaction, he contacts the counterparty directly. As it excludes the intermediary in the person of banking organizations, many countries have not legalized cryptocurrencies yet.
Since cryptocurrency transactions started to be fully digital, verification became very difficult. The players’ anonymity is maintained because they pay with Bitcoin. In this case, fair business practices become more questionable. Moreover, a lot of Bitcoin gambling websites require minimal user information, missing age verification, and location check. Against that backdrop, more and more discussions are concerned about the legality of bitcoin online gambling.
Although no country has specific restrictions for bitcoin gambling, there are some in which online gambling is prohibited. It means that in such countries, cryptocurrencies gambling is not welcome at all. It’s important to note, that just because gambling is allowed in your country, it doesn’t mean that the bitcoin casinos are legal. The best that players who use cryptocurrencies can do is to keep abreast of developments related to the legal stand of bitcoin gambling.
A lot of players think that legal bitcoin gambling sites are the same as traditional online casinos. The honesty and reliability of the gambling website and protection of the rights by an independent regulator are significant for players. In this case, a very crucial point is the availability of a valid gambling license. This contributes to player loyalty and significantly increases the reputation of the casino, which offers legal gambling using bitcoin. If you want to use a Bitcoin casino, it is recommended to take certain steps to protect your data.
Legal bitcoin casinos in the United Kingdom
The gambling sector in the United Kingdom is well-developed, competitive, and strictly regulated as well. Many players don’t know if crypto gambling is legal in the UK. Gambling with Bitcoins in the UK is considered identical to gambling with fiat money. Therefore, there are several legal crypto casinos. There are a variety of games such as roulette, blackjack, poker, and sports betting, where players can use Bitcoins. Almost gambling sites offer different welcome bonuses for new players, which usually doubles your deposit.
Legal bitcoin casinos in the United Kingdom work in the same way as any other online gambling sites. The only difference is that you will use cryptocurrency as a payment method. Apart from Bitcoin, players can use other cryptocurrencies like Etherum, Litecoin, Monero, or traditional fiat money.
Now we can see that legal Bitcoin casinos in the UK are still few, but their popularity has been increasing for recent years. Legal crypto gambling sites that offer Bitcoin as a payment method must comply with the existing gambling laws.
Legit bitcoin casinos in Europe
If you live in Europe, you probably already know that you are lucky as many other countries have very strict regulations regarding online gambling. Is bitcoin gambling legal in 2020 in Europe? – Yes. Most countries in Europe, except some, don’t have specific regulations regarding cryptocurrencies. There are different legit bitcoin casinos, which are becoming more and more popular every year. Once you have created a Bitcoin wallet, you can play in a legit crypto casino.
Not all European countries have the same laws relating to online gambling. For example, in France, online casino games are not regulated. There are no laws that proclaim playing at unlicensed websites as a crime. Bitcoin gambling regulation in France is also missing, so players can choose from a big variety of licensed and unlicensed casinos.
Trusted bitcoin casinos
With so many casinos to choose from, finding trusted bitcoin gambling sites that provide an enjoyable gaming experience can be very difficult. There are a few points you can focus on while looking for the most trusted Bitcoin casino:
- The security of players’ funds is a very important point for any online casino. Trusted bitcoin casinos do everything possible to ensure the highest level of funds safety;
- Game selection. Trusted bitcoin gambling sites propose various games such as slots, roulette, poker, blackjack, etc;
- Special promotions. Different bonuses are very important for many players. Good bonuses can make the game more profitable, therefore it is one of the most important points when choosing a casino;
- Support. Regular players know that responsible customer support is a very positive sign.
What is the White Label bitcoin casino?
White label crypto casino is a reliable gambling website that offers players the best conditions. Such casinos are licensed and have good feedback from users. Only by trying out different online casinos, you can find the one that suits you best.
If you are unsure about the following list, you should find out more reliable bitcoin casino:
- Licensing. All reliable gambling sites are operating under the license. The most prominent licenses are the ones issued in the United Kingdom and Malta;
- Secure payments. White label casinos must carry out payments promptly. Frequent withdrawals delays are usually a warning sign;
- Fairness gaming. White label Bitcoin casinos do their best to prove that their games are fair. Such gambling sites are using the services of auditing companies that do the necessary verification.
How to check, if a crypto casino is licensed?
A gambling license for a crypto casino is a certificate issued by a licensing authority and required by companies that offer any type of game of chance. The requirements tend to vary from country to country, but generally include checking out the company owners, proving of probity, verification of system safety and efficiency, and much more.
Many crypto casinos display gambling license on their website. Also, they can provide the license when asked. It should be noted that possession of a license is not enough on its own, however, a lack of one is usually a warning sign. It is highly recommended to play only in licensed crypto casinos.
Are there any laws that restrict bitcoin casinos?
It’s important to know, that many countries don’t have clear laws around bitcoin casinos. In most cases, the functioning of cryptocurrency gambling sites is regulated by the same legislation. For example, underage bitcoin gambling is also strictly prohibited. Different payment methods and currencies are available in various countries where online gambling is allowed, no matter they are digital or not. Laws for bitcoin gambling are likely to be adopted in some countries within a few years.
Though, if you are planning to use cryptocurrencies and, in particular Bitcoin, it is necessary to take a look if there are any restrictions and taxes. For instance, when using cryptocurrencies is perfectly legal, some states in the USA forbid online casinos to accept them. For this purpose, check your casino’s terms and conditions. Also, you should be aware of the latest laws about crypto gambling in your country.