5 Things UK Players Need To Know About Crypto Casinos

Crypto casinos are all the rage and many UK players are keen to find them. Before you begin your journey to locate a casino that accepts cryptocurrency, there are certain things you must learn. 

#1 Crypto Casinos Are Illegal In The UK

A report from Sky News outlined that casinos offering cryptocurrency payments are currently illegal in the UK. This story broke in September 2023 and the law is yet to change meaning UK punters can’t access this type of casino…or can they? 

You see, the law states that casinos with a UK licence and registered in the United Kingdom cannot accept crypto payments. It does not say that British players can’t join crypto casinos outside the country. 

Many countries and international territories provide cryptocurrency casinos and accept UK punters. As long as you are legally allowed to create an account, you’re free to bet using crypto. You won’t be breaking any laws as no regulations are preventing Brits from using casinos in different countries. 

#2 Crypto Casinos Don’t Cooperate With GamStop

Have you heard of GamStop? It’s a self-exclusion scheme introduced by the UKGC to help punters take time away from gambling. When you register with this scheme, you’re blocked from accessing hundreds of online casinos throughout the UK. Some punters join it by mistake, meaning they’re unable to bet for anywhere between 6 months and 5 years. 

One cool fact about crypto casinos is that most of them don’t cooperate with GamStop. You’ll see hundreds of reputable casinos not on GamStop that take a plethora of cryptocurrency payments. The reason they don’t cooperate with this self-exclusion program is simple; they’re under no obligation to do so. 

You’ll recall we stated that crypto casinos are illegal in the UK. Well, UK gambling regulations make all UK sites join GamStop. If you’re not in the UK - which no crypto casinos are - you don’t have to join GamStop. Having said that, it’s worth double-checking as you do find the odd site that chooses to participate in the scheme for whatever reason. 

#3 Some Crypto Casinos Let You Buy Digital Currencies

A handful of cryptocurrency casinos will let people buy digital currencies straight from their platform. In many ways, they act as an exchange - you use your credit/debit card to select the currency you’re after and it appears in your casino account. 

From here, you can use the digital currency to place bets and hope that you win. If you do, the money can be withdrawn to an exterior crypto wallet. As such, you’ve effectively bought cryptocurrency on the betting website and it’s now yours to use as you please. 

Many punters don’t know about this, so it is always smart to ask a casino if it provides this service. Some are open about it and you’ll see the option in the casino banking section. Others don’t promote the service and a quick message to the customer service team will let you know if it’s available. 

#4 Most Crypto Casinos Provide Bitcoin Bonuses

We’ve searched hundreds of crypto casinos and most of them provide unique Bitcoin bonuses. The deal is typically activated when you make a deposit and provides a percentage back as bonus money. 

The exact amount depends on the site you’re using and it’s common to see as much as a 10% Bitcoin bonus. 

If we do some quick maths, this would mean that a £100 deposit using Bitcoin would generate a £10 bonus. £1000 would create a £100 bonus and so on. Terms and conditions apply, but we also discovered that Bitcoin bonuses don’t always have wagering requirements. Most casino bonuses have high wagering rules that force you to gamble the bonus money a set number of times before you can withdraw your winnings. A no-wager Bitcoin bonus means you gamble the money once and can withdraw all your winnings straight away! 

To be perfectly clear, Bitcoin deposit bonuses aren’t available at 100% of cryptocurrency casinos. Check with a site’s customer support team to learn of this deal or look at the footer - many casinos will show the bonus underneath the Bitcoin logo. 

#5 Casinos May Only Use Specific Cryptocurrencies

A “crypto casino” won’t necessarily let you use every cryptocurrency on the market. Some only let you use a couple while others provide deeper offerings. As noted by Bankrate, the most popular cryptocurrencies right now are: 

 

• Bitcoin

• Ethereum

• Tether

• BNB 

• Solana

 

The majority of cryptocurrency casinos will accept Bitcoin, Tether and Ethereum payments. However, BNB and Solana are less likely to be seen. You may also encounter other digital currencies like Ripple, Dogecoin, Litecoin and others. You’re advised to review a casino’s banking options before joining so you aren’t disappointed. 

It may be illegal for UK casinos to accept cryptocurrency payments, but UK players can still use digital currencies to place bets. As long as you use legitimate sites outside the United Kingdom, you won’t run into any problems. 

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