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Yes, gambling with crypto is generally legal unless your country's law prohibits it.
Each crypto casinos accepts different cryptocurrencies. However, the most commonly accepted tokens are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, and more.
You can deposit funds at a crypto casino by buying with fiat or transferring the crypto token you already have into another wallet. You can withdraw by sending the funds you have to another wallet or trading your crypto to fiat back to your personal accounts.
Most countries implement official regulations regarding online gambling. However, only a few have specifics when it comes to crypto gambling.
Most crypto casinos offer exclusive and generous bonuses and promotions, such as welcome bonuses, cash backs, free spins, membership benefits, and more.
Around 5,098 crypto casinos
The exact number of crypto casinos is unclear, but as of 2024, there are about 5,098 global casinos and online gambling businesses, including all licensed crypto casinos.
Most countries have their own regulatory authorities. However, the most common license providers for crypto casinos are Curaçao, Malta, Costa Rica, and Montenegro.
Most countries implement official regulations regarding online gambling. However, only a few have specifics when it comes to crypto gambling.
at least 117 crypto casinos
At least 117 new crypto casinos were launched within the year, and all of them are licensed by several gaming authorities.
$1.8 Billion as of 2023
Crypto gambling brands lost around $1.8 billion in 2023 due to fraud and hacking incidents, compared to $3.7 billion in 2022.
$100K to $500K on average
The average revenue for medium-sized crypto casinos is around $100,000 to $500,000 monthly. In some cases, crypto casinos can make $2.6 billion annually.
Anonymity, Security, and Lower Fees
900+
Crypto gambling decentralized apps
2000+
Crypto and Bitcoin gambling sites
There are over 900 crypto gambling decentralized apps and over 2000 crypto and Bitcoin gambling casino websites.
Phishing attacks, fraud, potential threats, lack of user data protection, and lack of regulation
Bonuses and Rewards
Bitcoin gambling casinos offer several features as responsible gaming measures like setting deposit limits and even self-exclusion.
Welcome bonuses, no-deposit bonuses, free spins, reload bonuses, and loyalty rewards.
117 new crypto casinos
Around 117 new crypto casinos were launched within the past 12 months.
Minimum of 10
Most crypto casinos accept a minimum of 10 other cryptocurrencies for instant or faster deposits.
Almost all new crypto casinos offer no-deposit bonuses to gain users.
4,000 to 5,000 Games
Some crypto casinos offer over 4,000 to 5,000 games for their users to play. Meanwhile, some casinos focus on several in-house games with only 10 to 50 options.
416 Game Developers
There are around 416 developers that partner with casinos to provide games to users.
80%
Most crypto casinos optimize their Bitcoin casino games for mobile devices since 80% of crypto casino users play using their phones.
Game, BitCasino.io, Vave, ThunderPick, Bets.io, mBit Casino, Cloudbet, Metaspins, 7Bit, and more.
0 to 37%
Profits from Bitcoin Casinos are taxable as gambling income which varies from 0 to 37% depending on your tax bracket.
Since there are no clear rules for reporting Bitcoin casino winnings, many winners don't report their profits to avoid paying more taxes.
0 to 37% or 24% Flat Rate
Crypto tax rates vary based on gross income but range from 0 to 37%. In most cases, a flat 24% will be withheld by your payer if you have gambling winnings from a US-based operation. You may ow more or less than these estimated taxes based on your circumstances.
US, UK, Australia, and Canada
The US, UK, Australian, and Canadian governments have extensive guidance on Bitcoin casino winnings. The US government subjects gambling winnings to both federal and state income tax. Meanwhile, the other three governments don't require taxes on gambling winnings.
Vave, Sirwin, Lucky Block, Bovada, BC Game, and more
0.0001 BTC
The minimum deposit at a Bitcoin casino is 0.0001 BTC or $1 worth of the player's preferred cryptocurrency.
Bitstarz Casino, Metaspins, Crashino, Vegaz Casino, Deposit Win Casino, and more
mBit Casino, CryptoLeo, 7Bit Casino, FortuneJack, Wild.io