Cryptocurrencies and online casinos tended to operate in grey areas. It was difficult for countries and different jurisdictions to create clear legal frameworks for digital currencies to expand. The same happened with online casinos when they started to expand around the world many years ago. However, they are now legal in many countries and they have licenses that make sure that users’ rights are respected.
Nowadays, online crypto casinos are operating with licenses and, every single year, online crypto gambling standards improve. The goal is to make sure that these platforms offer better services to clients. Licenses are a good way for legal Bitcoin casinos to show their best side.
🤔 What Bitcoin Casinos can be Considered Legal?
Let’s now understand which Bitcoin casinos can be considered legal. One of the things that we should pay attention to when searching for an online crypto casino is the license under which they operate. A license is just a certification that shows the casino follows certain standards when offering crypto-related services.
Legal cryptocurrency casinos will not be missing a license. That means that it is highly unlikely to find a Bitcoin casino online that would not have a license from some of the most common regulatory authorities.
Having a license is very important for crypto-related casinos. With a license, it is possible for these platforms to have access to better payment services, improve their reputation, and sign partnerships with software developers. Without a license, these things become quite difficult.
Another thing that is worth taking into consideration about legal Bitcoin casinos is their reputation. When selecting a crypto casino online, it is very important to make sure that the platform has not been involved in controversial situations.
A Bitcoin casino would be considered legal if its reputation has been very positive over a long period of time, if not always. Those casinos that have been affected by scandals or that have been accused of freezing funds or blocking accounts should not be considered legal. At least, you should pay attention to them before opening an account.
Licensed Bitcoin Casinos
Owning a license is very important for cryptocurrency casinos. Thanks to a license, a casino can offer services to a larger clientele located in multiple jurisdictions. Despite the fact that some restrictions apply to players from certain countries that want to play at licensed casinos, a license is just one of the legal ways in which casinos can get access to new markets.
Thanks to licenses, casinos are also able to offer better services to users. Without a license, it will be certainly difficult for an online gambling site to partner with software developers. This is something that could make the whole gambling experience worse for users. Casinos without a license tend to create their own games or rely on lower-quality games offered by alternative software providers.
Finally, by holding a license, users could escalate issues or problems with casino platforms to authorities. Even when there is no guarantee that the license provider will side with users, it is always better to have an additional and alternative way to deal with blocked accounts or frozen funds.
Licenses make the whole experience better and upgrade the standards of most online gambling sites.
Pure Reputation Crypto Casinos
Having a license does not mean that a casino will always act as it should. Indeed, many licensed crypto casinos will still face issues and act shady. By creating complex terms and conditions, casinos can easily use many excuses to block your account or freeze your funds. In some cases, funds will not be frozen but withdrawals could be delayed.
This is where reputation plays a key role. As mentioned in the previous section, legal casinos do not only need a license, they also have to run clean and transparent operations, which is sometimes difficult.
Multiple casinos that do not have a license will have a better track record when it comes to their reputation. Meanwhile, other casinos with a license could have been involved in controversial situations.
When searching for an online casino, the best thing to look for is a platform that has at least 3 years of flawless operations with no complaints and with positive comments from users. If it has a license, even better.
🛡️ What kind of licenses are there in Crypto Gambling?
There are multiple licenses that crypto gambling casinos could get. There are different reasons for casinos to choose between one or another. Below you can get an overview of the most popular licenses among crypto gambling websites.
Curacao
Curacao is perhaps the most popular and known gambling license for casinos that want to operate online. Thanks to its easy access, a large number of companies can run their e-gaming operations.
Startups and multiple companies are already relying on this license in order to start offering crypto gambling services to the online casino community. The onboarding process is quite fast, and it also offers fiscal benefits to those casinos that opted for this license.
You should check the casino website for a logo confirming that the online gambling platform has a license with Curacao.
Isle of Man
The Isle of Man is also a great location for companies and gambling startups to start their operations. Thanks to the small amount of paperwork needed to get a license at the Isle of Man, it became a great alternative to Curacao’s dominance in the market.
One of the most attractive things about this license is related to the low taxes and corporate benefits offered to online casinos. Having a clear legal framework for where to operate is one of the most important things for startups that want to run a successful business.
Malta
Finally, Malta became a very popular destination for online crypto-gambling sites to obtain a license. Compared to the previous two markets, Malta is located in the European Union (EU) and it offers a fast and easy way to operate in one of the largest and most powerful markets in the world.
This country is offering a reputational license that lets casinos partner with software providers and that increases the chances of these companies getting onboarded by several payment providers across the European continent.
✅ Best legal Bitcoin casinos
These are some of the best legal crypto casinos that users can find right now in the market.
500 Casino
500 Casino operates with a license from Curacao, offering it great visibility and the possibility to add popular and reliable games to its platform. If we move to TrustPilot, we find that they have over 81% of “Excellent” reviews, which is a relatively high result.
Almost 90% of those users that left their opinion in TrustPilot claim that the platform is Excellent or Great. Moreover, there were no open problems or unresolved issues with this casino, showing that 500 Casino is running a legit and secure gambling business.
Stake
Stake is among the most known crypto-related casino sites in the world. Thanks to multiple years of operating in the market, Stake.com has created a unique reputation that few other platforms could achieve.
After searching online, we found out that their thread in Bitcointalk has been active since 2017. This shows how important it is to rely on legal casinos that operate with a license (Stake.com has a Curacao license) and that offer great services to users.
Gamdom
Gamdom is another cryptocurrency casino to have obtained a license from Curacao authorities. This online gambling platform does not only have a license to operate from Curacao, but it also has been running for multiple years, which improves its chances of being considered a reliable platform.
Most of the complaints that we have found online about Gamdom are related to users that claim that they did not earn anything while playing on this site. It is very common to see users complaining about this issue, as casinos have an advantage over players.
Bitsler
Bitsler has been running a stable and reliable crypto-gambling operation for many years without major issues or complaints from users, which is quite difficult to achieve nowadays. Bitsler is a trustworthy casino with a license from Curacao, that allows the company to offer unique games and services to users.
Crypto.games
Finally, we have Crypto.games that runs its operations with a Curacao license. The surprising thing is that the platform has not been involved in controversial issues and it also does not work with games from third-party providers.
Crypto.games benefits more from the fact that it has never been accused of conducting inappropriate operations rather than by having a license. It is very important to take these things into consideration at the time of selecting an online casino.
📢 Conclusion
There is a large number of online crypto casinos that are now operating under to oversight of different international gambling licenses. Moreover, many of these casinos are also running stable, reliable, and fun businesses offering unique services to clients.
Legal Bitcoin casinos will not only need to have a license, but it is very important to see how they behaved over the last few years and whether they follow or not the best practices in the market to run a successful business.