The best Bitcoin Casino and Crypto Casino in convenient overview. Choose your favorite Crypto/bitcoin Casino in the Netherlands and start gambling with crypto! Before you start playing, talk about the country’s laws and regulations. This is because as of October 1, 2021, the Netherlands has a gambling law where it only allows casinos with a Dutch gambling license.
How is the Dutch gambling law regulated?
The biggest problem in the Netherlands is that real-money online casinos usually do not accept Bitcoin or Ether. Currently, the Netherlands has no casinos that allow cryptocurrencies. Casinos offering this service are not licensed in the Netherlands, but in Curaçao, for example, or worse, not licensed at all.
Although cryptocurrencies are often praised for their anonymity, this is precisely a problem in the world of online gambling. The gaming industry just like the Belgium gambling law falls under the Money Laundering and Terrorist Financing Prevention Act (Wwft). This means that the casino must not only verify the identity of all customers, but also verify the source of the money. This is also known as Know Your Customer (KYC). The blockchain of a cryptocurrency is public, so anyone can see which address a transaction came from. In practice, however, these addresses (or wallets) are largely anonymous.
Dutch crypto casinos 2023
BitStarz is one of those real money online casinos that allow deposits and withdrawals using cryptocurrencies. When it comes to crypto payments, you have options such as Bitcoin Cash, Bitcoin, Litecoin, Ethereum, Dogecoin and Tether.
But don’t think the list will be so short in a few years time! Added new cryptocurrencies to support deposits and withdrawals for players worldwide.
What is the difference between cryptocurrency casinos in the Netherlands and other online casinos?
An important difference between cryptocurrency casinos in the Netherlands and other online casinos is that they obviously accept other payment methods. It doesn’t end there, however, because many things are different at cryptocasinos because of the choice of cryptocurrency.
Then there is the fact that it is not the same for every cryptocurrency casino in the Netherlands. For example, at some cryptocasinos you can deposit cryptocurrency, but it is then converted to U.S. dollars that you use when you gamble.
Sites like 0Xbet and Kingbit have chosen to let users gamble directly with cryptocurrencies. This makes it much easier to get started quickly, but sometimes it is less clear how much you are betting at a time. Most cryptocurrency casinos are licensed by Curaçao regulators. To offer an online casino in the Netherlands, you actually need a license from the Kansspelautoriteit.
Since these cryptocurrency casinos do not have this license, you basically have less protection as a consumer. If something goes wrong at a regulated online casino, your money is somewhat protected by regulators. You need not fear this, as the aforementioned casinos are professional gambling sites that have been around for a long time. A license from the Curaçao regulator may not give you immediate protection, but it does provide a good basis for trusting these sites.
Why start a cryptocurrency casino in the Netherlands?
Crypto casinos have many advantages over regulated online casinos in the Netherlands. For example, casinos are great for anyone who owns cryptocurrencies and likes to cash out without showing each deposit on their account statement. Moreover, cryptocurrencies make it easier and faster to deposit or withdraw funds. All you have to do is send it from your own wallet to the cryptocurrency wallet and vice versa.
Is it safe to gamble with Bitcoin in Holland?
The answer to this question is not a simple yes or no. Yes, it is safe to play at bitcoin casinos, but there are certainly some risks associated with using cryptocurrencies. Bitcoin is a relatively safer payment method than other payment methods because it uses encryption and is completely anonymous.
However, if you lose your private key, you no longer have access to your bitcoins and they are lost forever. Also keep in mind that Bitcoin transactions do not offer purchase protection. Unlike paying with MasterCard or Visa, you cannot count on getting help if something goes wrong with your payment.
Can I pay with other payment methods and cash out my winnings in Bitcoin?
Unfortunately no. If you play at a bitcoin casino that accepts euros and bitcoins as payment methods, and you make a deposit with a credit card, for example, you unfortunately cannot have your winnings cashed out in bitcoins.