Is Crypto Gambling Legal? All You Need to Know in 2022!

crypto gambling legal

If you’re involved in the world of cryptocurrency, you’ve probably heard a bit about crypto gambling. The last few years have seen the rise of crypto around the world and gambling is one of its many use cases.

Now, crypto betting sites are a bonafide part of the gambling sector and many more people are getting in on the action. But, while Crypto betting is certainly more popular these days, there is still come concern surrounding it.

One of the most common is whether crypto gambling is legal. This is mostly because of the concern about cryptocurrency’s own legal status. After all, for most of us, fiat currency is what we grew up with and are used to, so seeing a new type of digital currency is strange.

Not to mention, around the world, different countries have different attitudes towards cryptocurrency and this brings up the question of whether crypto gambling is legal at all.

Not to worry though – we’re here to clear up all your doubts and give a definitive answer. In this article, we will be going through:

  • Is Crypto Gambling Legal
  • 4 Benefits of Gambling with Crypto
  • 12 Best Crypto Gambling Sites
  • Crypto Gambling Pros & Cons

And much more!

Is Crypto Gambling Legal?

Whether crypto gambling is legal depends on two things and both are related to the country where you’re based.

The first part is whether online gambling is legal in your country. Not every country in the world allows gambling but if your country does, then crypto gambling might be legal depending on the second part.

The second part is whether or not cryptocurrency is legal in your country. In some countries where cryptocurrency is banned, crypto gambling would not be legal, even if gambling itself is. As such, both cryptocurrency and gambling need to be legal in your country for crypto gambling to be legal.

So, long story short, if both are, then crypto gambling will be legal. If one (or both) is not legal then cryptocurrency gambling will be illegal too.

4 Benefits of Gambling With Crypto

Millions of people around the world gamble with crypto, and for good reason. This new style of gambling has a lot of benefits, including:

  1. More Privacy: Traditional online gambling with fiat currency requires that you use a bank account or payment card. To even have those, you have to provide official documents like your government ID and proof of address, essentially giving up your privacy. With crypto casinos, you only need a cryptocurrency wallet to get started and you can get one of these completely anonymously. No government IDs, no utility bills, no proof of address. Just complete privacy.
  2. The Potential for Profit: If you bet $50 and win $100 at a regular casino, the value of your win is $50. When gambling with cryptocurrency, the tokens you bet might go up in value before you cash out. So, that initial $50 in crypto might just end up being $100 thanks to market fluctuation. Simply put, crypto betting can make you money in more ways than one.
  3. More Control over Funds: When you’re betting with fiat currency held by a traditional institution, you’re at the mercy of their rules. Your bank can put a withdrawal limit or freeze your account and you’d have to go through them to get back control of your funds. With a crypto wallet, there is no centralized control. This means you can move as much or as little money as you want in and out of your wallet at any time with no interference and maximum control.
  4. Faster Transfers: Depending on the crypto you use and its underlying network, you can transfer your funds to and from your account within seconds. Many crypto networks are known to move funds much faster than traditional financial institutions, which is a huge benefit of crypto gambling.

12 Best Crypto Gambling Websites

1.

n1bet logo white

N1Bet

9.76

✅ Generous welcome bonus

✅ Wide range of accepted cryptocurrencies

✅ Sports and live betting options

BONUS

Up to €400 + 200 Free Spins

2.

7 bit casino logo

7Bit

9.52

✅ 5000+ exclusive BTC Games

✅ Retro casino aesthetic

✅ Robust VIP program

BONUS

1.5 BTC on first deposit,
1.25 BTC on second + third deposits

3.

BitCasino.io Logo

BitCasino.io

9.52

✅ 2 minute withdrawal time

✅ Huge selection of quality games

BONUS

Free spins, chips , & automatic cash rewards

4.

red dog logo

Red Dog

9.52

✅ Well-designed website + mobile app

✅High-quality RTG games

✅24/7 bonus promotion

BONUS

225% bonus + extra 20% for BTC deposits

5.

bitstarz logo

BitStarz

9.52

✅ 3000+ exclusive BTC games section
✅ Excellent mobile gaming app

BONUS

5 BTC or €/$500 + 205 Free Spins

6.

intertops logo

Intertops

9.52

✅ Exclusive mobile rewards

✅ New game promotions

BONUS

125% up to $1000

7.

betonline logo

BetOnline

9.52

✅ Sports and esports betting with high odds

✅ Variety of bonuses up to $3000

BONUS

Up to $1000

2.

7 bit casino logo

7Bit

9.76

  • Generous welcome bonus
  • Wide range of accepted cryptocurrencies
  • Sports and live betting options

BONUS

Up to €400 + 200 Free Spins

1.

n1bet logo white

N1Bet Casino

9.76

ACCEPTED CRYPTO

BONUS

Up to €400 + 200 Free Spins

n1bet homepage

Cryptocurrencies: Bitcoin, Litecoin, Tether, Dogecoin, Ethereum

Safety: N1Bet is very dedicated to your data protection. They use 128bit SSL encryption with an additional PGP protocol for extra security. Players are also given the option to add an extra security measure by activating the two-factor authentication (2FA) to protect their accounts.

Reputation: N1Bet is licensed and regulated by the Curacao eGaming Authority and has an excellent track record of customer satisfaction and safety. Their dedicated customer support team provides 24/7 support.

Games: Another reason why N1Bet is one of the best crypto gambling sites is its innovative bookmaking. Players have a wide range of sports, esports, and live betting options to choose from, as well as over 2500 casino games. You can enjoy modern slot games such as Mega Moolah or Atlantic Megaways, provided by some of the best developers in the industry such as Microgaming or NetEnt.

Bonuses: N1Bet offers a welcome package of up to €400 that can be withdrawn immediately after winning a bet (no need to wager the bonus) + 200 Free Spins.


2.

7 bit casino logo

7Bit Casino

9.76

ACCEPTED CRYPTO

BONUS

Up to €400 + 200 Free Spins

7 bit casino

Cryptocurrencies: Bitcoin, Dogecoin, Litecoin, Ethereum

Safety: 7Bit provides 128-bit encryption to secure their site and protect your personal data and transactions.

Reputation: 7Bit has been around since 2014 and has garnered a cult following of dedicated customers due to their nostalgic retro vibe and consistent quality. They are also fully licensed and regulated by the authorities of Curacao.

Games: This one really stands out from the crowd just with the sheer size of their game library. 7Bit offers a vast and exclusive selection of over 5000 Bitcoin games, including slots, poker, blackjack, and roulette.

Bonuses: 7Bit gives players a 1.5 BTC bonus on their first deposit, 1.25 BTC on the second and third deposits, and 1 BTC on the fourth. They also provide a generous 200 free spins.


3.

BitCasino.io Logo

Bitcasino.io Casino

9.76

ACCEPTED CRYPTO

BONUS

Free spins, chips , & automatic cash rewards

Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Tether, Ripple, Tron, Ada, Doge

Safety: Bitcasino is a fully audited online casino that goes to great lengths to protect its customers. Their site is secured with SSL encryption and you can add an extra protection layer to your account through two-factor authentication.

Reputation: Bitcasino is licensed and regulated by the authorities of Curacao and has a solid reputation to uphold. They care a great deal about customer satisfaction by providing excellent customer support and a record 2 minute withdrawal waiting period.

Games: Bitcasino has an amazing range of games, with over 2300 to choose from! From jackpot slots, roulette, blackjack, baccarat, video poker, or video Bingo, they have it all.

Bonuses: Though Bitcasino does not offer any welcome bonus, they do have a lucrative loyalty program that awards regular players with free spins, chips, and cash rewards.


4.

red dog logo

Red Dog Casino

9.76

ACCEPTED CRYPTO

BONUS

225% bonus + extra 20% for BTC deposits

red dog casino homepage

Cryptocurrencies: Ethereum, Bitcoin

Safety: Red Dog is very serious when it comes to protecting its customers. It secures its website using cutting-edge 256-Bit SSL encryption, premium antivirus suites, and advanced fraud-prevention systems.

Reputation: Red dog is licensed by Curacao – ArbathSolutions and is dedicated to customer satisfaction, with a 24/7 customer support service available to all players.

Games: Red Dog provides over 200 top-notch casino games developed by some of the most well-respected providers, such as RealTime Gaming and Visionary iGaming.

Bonuses: Red Dog stands out with its truly generous promotions section. It offers a
225% welcome bonus (with an extra 20% for BTC and Neosurf deposits) that can be redeemed up to 5 times!


5.

bitstarz logo

BitStarz Casino

9.76

ACCEPTED CRYPTO

BONUS

5 BTC or €/$500 + 205 Free Spins

bitstarz casino homepage

Cryptocurrencies: Bitcoin, Dogecoin, Litecoin, Ethereum, Tether

Safety: Bitstarz spares no expenses when it comes to safety. They employ the very best encryption technology to protect their customers’ data. For an added layer of security, you can use two-factor authentication on your account.

Reputation: Reputation is everything to Bitstarz Casino. They have won many awards from the world’s leading Bitcoin gambling authorities and are dedicated to keeping their customers satisfied. Like many of the best crypto gambling sites, they are also certified and regulated by the authorities in Curacao.

Games: Bitstarz is also very serious about customer satisfaction when it comes to its games. They employ over two dozen software developers to bring you over 3,000 Bitcoin games, including slots, table games, and live casino games.

Bonuses: Their welcome bonus is up 5 BTCs or €/$500, as well as up to 205 free spins.


6.

intertops logo

Intertops Casino

9.76

ACCEPTED CRYPTO

BONUS

125% up to $100

Cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin

Safety: Your personal data and banking information is secured at Intertops with SSL encryption.

Reputation: Licensed by the Kahnawake Gaming Commission, Intertops has one of the longest histories in the online casino business, dating all the way back to 1996. You can say they’ve been around the block and know all the ins and outs of the gambling world. They are dedicated to keeping their customers coming back with their excellent 24/7 customer support live chat.

Games: They provide a wide range of slots, as well as several solid tabletop games such as roulette, blackjack, and poker. These games are developed by software providers such as WGS Technology and Realtime Gaming.

Bonuses: Intertops offers a generous welcome discount of 125% that goes up to $1000 on your first deposit, along with several other rewards for loyal customers. They provide a special mobile reward every week worth up to $100, as well as a new game almost every week with its respective bonuses.


7.

betonline logo

BetOnline Casino

9.76

ACCEPTED CRYPTO

BONUS

Up to $1000

betonline casino homepage

Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar

Safety: BetOnline uses SSL encryption to protect player information and ensure secure transactions.

Reputation: This is also one of the oldest online casinos on our list that has been operating since 1991. Licensed and regulated by the gaming commission in Panama City, BetOnline has proven to be a reliable and trusted online casino throughout its many years in the industry.

Games: BetOnline is mainly focused on betting on some of the most popular sports, such as basketball, football, MMA, and even esports. However, it also provides some slots table games, live games, and even scratch-off and Bingo.

Bonuses: BetOnline offers a welcome bonus of up to $1000.


8.

Slots-Empire logo

Slots Empire Casino

9.76

ACCEPTED CRYPTO

BONUS

100% deposit match bonus for a $30 BTC deposit

slots empire casino homepage

Cryptocurrencies: Bitcoin, Ethereum

Safety: Slots Empire uses SSL encryption to secure customer data and transactions.

Reputation: Slots Empire is licensed by the Government of Curacao and has a solid history of customer satisfaction. They provide a dedicated customer support team that can be reached 24/7 via live chat as well as hotlines.

Games: Though Slots Empire doesn’t have the biggest games library, they do offer some quality slots, table games, and live casino games developed by RTG games and Visionary iGaming. As an added perk, you can even try any of these games for free using their demo mode.

Bonuses: This casino offers a bonus like no other. You get a redemption-free, limitless code that gives you a 100% deposit match bonus for a $30 BTC deposit, 120% for up to $75 BTC, or 150% for up to $150 BTC


9.

ignition casino logo

Ignition Casino

9.76

ACCEPTED CRYPTO

BONUS

Bitcoin welcome bonus of 150% up to $3000

ignition casino homepage

Cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin

Safety: Ignition’s connection is secured using an SSL-encrypted connection, keeping your personal data and transactions protected.

Reputation: Though Ignition does not have an official license, it has been around for a while with no major customer complaints registered. They also work with some of the most well-known gaming companies in the industry.

Games: Ignition has a library of over 300 casino games and offers a $2 million weekly poker prize pool.

Bonuses: Ignition has a unique Bitcoin welcome bonus of 150% up to $3000.


10.

mBit Casino logo

mBit Casino

9.76

ACCEPTED CRYPTO

BONUS

Bonus of 110% up to 1 BTC.

mBit Casino Homepage

Cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Tether, Litecoin

Safety: Your personal information and transactions are secured with Encryption.

Reputation: Licensed by the authorities of Curacao, mBit has been around since 2014, providing quality gaming and excellent customer satisfaction.

Games: There are many games to play at mBit, including bitcoin slots, roulette, baccarat, blackjack, live games, and even the lottery. You can also take part in their Bitcoin casino tournaments with no wagering requirements.

Bonuses: They provide a welcome bonus of 110% up to 1 BTC.


11.

cloudbet casino logo

CloudBet Casino

9.76

ACCEPTED CRYPTO

BONUS

100% up to 5 BTC/BCH/ETH welcome bonus.

Cryptocurrencies: Bitcoin, Ethereum, Dogecoin, Tether, Bitcoin Cash, USD Coin, Paxos Standard, PAX Gold, Chainlink, Dai, and more.

Safety: CloudBet uses the latest SSL encryption technology to protect your data and secure your transactions.

Reputation: Operating since 2013, CloudBet is licensed and regulated by the authorities of Curacao. It is a fully audited site that is guaranteed to be fair to its customers.

Games: Although Cloudbet Casino is more focused on sports betting, they do boast some fantastic live table games as well.

Bonuses: They offer a 100% up to 5 BTC/BCH/ETH/PAXG welcome bonus.


12.

stake casino logo

Stake Casino

9.76

ACCEPTED CRYPTO

BONUS

15% lifetime Rakeback

Cryptocurrencies: Bitcoin, Dogecoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, Tron, EOS, and more

Safety: You can protect your Stake account using two-factor authentication.

Reputation: Licensed by the Curacao eGaming Authority, Stake has a history of excellent customer satisfaction. It is also a verified member of the Crypto Gambling Foundation, which guarantees that all its games are provably fair.

Games: They offer a pretty vast selection of 1,021 games, including 16 that are developed exclusively for Stake.com. But perhaps the most enticing feature is their incredibly high Return To Player percentage, which reaches 99% for some games.

Bonuses: Stake doesn’t provide any welcome bonuses at the moment, though you can receive a 15% lifetime Rakeback. It’s available with a special promo code that users apply when signing up.

7 Things to Consider When Picking a Crypto Gambling Website

Your crypto gambling experience, whether it is with crypto slots, crypto blackjack, crypto roulette, and so on, will be much better if you choose the right gambling site.

This is because the site’s features, from the games themselves to the technical support, can make or break the experience.

But how do you know if you’re choosing the right crypto gambling site? Well, when choosing, keep these things in mind:

#1. Restricted Countries

As most of us know, websites are restricted by country, and not every online service works in every country. So, when choosing a crypto gambling site, make sure you find out what countries the site operates in.

This should be publicly available on the site’s Frequently Asked Questions (FAQ), Rules, or Information page. If your country is listed on the site, you should be able to use it. If not, look for a different crypto gambling site to use.

#2. Reputation and Trust

When it comes to businesses, reputation is everything and the good news is that a business’s reputation is easier to check than ever before thanks to the internet. Google the crypto gambling site you’re thinking of, search their name on online forums and look into Reddit’s crypto gambling subs.

Avoid crypto gambling sites with a poor reputation and find out the strengths and weaknesses of each site you are thinking of using. Overall, err on the side of caution and only use sites that have earned public trust.

#3. Provably fair

You can never be too safe when it comes to gambling on the Internet and Provably Fair is a great way to secure yourself. Provably Fair is a software that uses blockchain technology to verify the fairness of the games run by an online gambling site.

Crypto gambling sites that use Provably Fair will advertise this on their homepages. It goes without saying that you should prioritize them over other gambling sites. This is because if you’re using a site with Provably Fair technology, you can verify yourself that the games have been played fairly and that you haven’t been scammed, which adds a layer of security to your crypto betting.

#4. Payout and Withdraw Speeds & Terms

Long after you’ve completed your crypto gambling games, you want to be able to withdraw your winnings without any problem. If you sign up on a crypto gambling site that is slow to payout or can only payout in one or two ways, you’ll probably struggle in this area.

Before you sign up on any crypto gambling sites, much less deposit money on them, find out how fast they pay out their users’ funds (look through forums and on social media to find out other people’s experiences) and the methods that they payout in. Only sign up if their payout terms meet your needs.

#5. Games available

Do you have a preference for crypto poker? What about slots? You don’t want to have to go back and forth on different sites to play all the games you want. So, always keep in mind the game range of each site you’re considering.

Make sure all the games you want to play are available before you sign up.

#6. VIP Programs and Bonuses

Some crypto poker sites are very generous when it comes to their bonuses and the perks of their VIP programs and some are a bit more tightfisted. You want to get the best deal possible out of whatever site you’re giving your money to so find out what bonuses are available on the market, whether you end up playing in a  or a high roller one.

Compare all the deals and make sure you take the one that gives you the most benefit.

#7. Security

No matter what type of site you choose, it is important that your crypto betting be safe. This means that as you are picking your site, you have to consider the security measures that they have in place.

Is there two-factor authentication? Is the site encrypted? Does it log you out automatically after a certain amount of time? Think about all these before you sign up.

How We Rated the Best Crypto Gambling Websites

We’ve already given you our list of the top crypto gambling sites, but how did we do it? Well, we based the list on some important criteria that make certain sites ‘better’ than others. Here are some of the factors we used:

  • Legality: We’re all about promoting safe and legal businesses so this was the first thing we looked at. How many countries is the site licensed in? What gambling regulatory bodies are they registered in? When it came to this, the more the merrier!
  • Games Available: Some sites had more games than others and these got a higher ranking. We like to see all our favorites listed, from crypto roulette to crypto blackjack.
  • Customer Support: The more customer support channels a site had, the higher they were ranked on our list. This includes faster response times and a more detailed FAQ page.
  • Payout Methods: We prioritized sites that had the fastest payout times and more ways to deposit and withdraw funds.
  • Security Measures: Some sites had more security measures in place than others and these got a higher ranking from us.

Crypto Gambling: Pros & Cons

These days, many people are drawn to the many variations of crypto gambling like crypto poker sites and crypto dice sites, and for good reason. These sites offer a lot of benefits for those who use them, making them all the more popular.

At the same time, there are some cons to using these sites, and knowing what they are can help you make your decision.

Pros

  • More Privacy: One of the reasons people like cryptocurrency is that crypto wallets can be set up completely anonymously- no proof of address or official identification is needed. This allows you to have more privacy compared to getting a traditional bank account that would require a loss of privacy.
  • More Control of Your Funds: Crypto wallets aren’t controlled by any central body which means that no one can freeze or restrict your account in any way. You can move as much or as little money out of it at any time as you like.
  • Potential Profit: The value of cryptocurrency changes a lot and depending on the token you wager and what the state of the market is, the tokens you win would be worth more than before, giving you an extra win.

Cons

  • Potential Loss: While your tokens might increase in value when you bet with crypto, they might also reduce in value. There is always the risk that even if you win a game on a crypto gambling site, your tokens will be worth less than what you initially wagered.
  • Conversion Fees: It is one thing to play and even win a game on a crypto gambling site but spending your profits is another issue. Not every business accepts crypto for payment so you might have to convert your tokens to fiat currency first and this will usually attract fees.

How to Get Started With Crypto Casinos

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Crypto Gambling Sites FAQs

We figured you might still have some questions about crypto gambling so we’ve put together a helpful FAQ.

#1. Is Crypto Gambling Safe?

As long as you use reputable sites, follow their rules, and secure your wallet, crypto gambling will be as safe – if not safer – than your traditional gambling experience.

#2. What Online Casinos Accept Crypto?

All entries ranked on our list of crypto casinos accept cryptocurrencies.

#3. How Can I Deposit Money on a Crypto Gambling Site?

Depending on the site you use, you can connect your crypto wallet, send your tokens directly, and even buy tokens from the site.

#4. Can I Gamble With Crypto on my Phone?

If your crypto site allows it, yes. Most crypto casinos either have apps or browser-optimized webpages that allow you to open and play them on your mobile browser.

#5. What Is The Best Crypto Gambling Site?

This depends on what your needs are. There is no one-size-fits-all approach to crypto gambling. Take a look at our list of best crypto gambling sites to get an idea of which ones the market likes the best and take into consideration factors that matter to you, like privacy, game range, or payout and withdrawal terms.

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