Nowadays, cryptocurrencies are widely used in almost every sphere of human life. The crypto boom resulted in the fast-growing popularity of gambling with Bitcoin and altcoins. But is it truly safe and, what’s more important, legal to gamble with BTC?! We have collected a list of countries where admirers of crypto gambling won’t get into trouble with the law.
Cryptocurrency Regulations Worldwide
Though digital coins proved their stability over the last years, some vicinities don’t consider cryptocurrencies as legal tender. Luckily, the biggest countries don’t hold a ban on crypto payments. This list includes:
- United States
- United Kingdom
- European Union
- South Africa
- South Korea
Crypto exchange services in these countries are totally legal if they are registered by the corresponding regulatory bodies. It means that users may buy and exchange digital coins on such platforms without any fear. They can also trade, invest, and gamble with Bitcoins.
Bitcoin Gambling Restrictions
It’s not a secret that gambling activity is under a ban in some regions around the globe. Traditional offline casinos are taboo for residents of such restricted countries. That’s where online crypto casinos stand out from their land-based alternatives. Gambling with Bitcoin and other crypto is allowed in most territories, including EU countries, Australia, and the USA.
When you play at a Bitcoin casino, you can be confident that your confidential data will stay anonymous from third parties. It is because Bitcoin is not subject to authorities or any banking establishments. Players at an online crypto casino don’t have to reveal their income on winnings in any bank statements. Anonymous gameplay is one of the fundamental reasons why gamblers opt for Bitcoin casinos but not ordinary sites.
One more reason for the huge popularity of Bitcoin gambling among casino enthusiasts is fast payouts with zero commission. It’s especially important for gamblers who make big earnings on online BTC games. Of course, skeptics may say that making money on gambling is a myth spread by casino operators. However, multiple cases of lucky winners prove the opposite.
Is it Safe to Play at a Bitcoin Casino?
We figured out that gambling with cryptocurrencies is legal in the majority of global countries. Still, it doesn’t mean that players should neglect safety measures. A choice of a legit Bitcoin gambling site is the first thing to keep in mind before putting your Bitcoins at stake in a crypto casino.
These signs will help you detect a reputable Bitcoin casino:
- License from a respectful jurisdiction
- Valid SSL certificate
- Provably Fair games
- 24/7 customer support
- Partnerships with leading providers
- Fast processing of payout requests
- Positive reviews by other players
- Reasonable wagering demands
When you see all these signs, you can be sure that you gamble at a decent crypto casino that takes care of the safety and security of players.
Online crypto casinos appeared to be a panacea for players living in the regions with a ban on traditional gambling. Besides, top-class casinos accept not only Bitcoin but other widespread cryptos as well. Today, players may gamble with Ethereum, Litecoin, Dogecoin, etc. Of course, it’s essential to manage your bankroll wisely and select only trusted sites if you want to start making a solid profit in Bitcoin casinos.