Are you wondering if Bitcoin casino sites in Australia are safe and legal? Are you looking for the best BTC gambling sites accepting Australian players?
In this comprehensive guide, we provide essential facts about crypto gambling in Australia & help you choose the right BTC casino.
TOP Bitcoin Casino sites available in Australia
- TOP Bitcoin Casino sites available in Australia
- Facts about Crypto Regulation & Online Gambling in Australia
- How to Choose the Right Crypto Casino for Aussie Players?
- How we Review Bitcoin Casinos in Australia
- How to Make a Cryptocurrency Deposit?
- How do I Withdraw Money from Bitcoin Online Casino?
- How to Open a Bitcoin Wallet for Crypto Gambling?
- What Games Can You Play at Australian Crypto Casinos?
- How Bitcoin Gambling Works: Tips for Australians
- Bitcoin Casinos: Pros and Cons
- FAQs
- Conclusion
Facts about Crypto Regulation & Online Gambling in Australia
Before we discuss bitcoin gambling, you may have some questions about general crypto regulations in Australia. Cryptocurrencies, Bitcoin, exchange platforms, and digital currencies of all forms are legal in Australia.
In fact, Australia is one of the world’s most progressive nations in its attitude towards cryptocurrencies. They have issued a wide range of regulatory updates to display their dedication to establishing an operational framework for cryptocurrencies and crypto-businesses.
The following is an overview of recent regulations in Australia related to cryptocurrencies:
- 2017: The Australian government declares that Bitcoin and other cryptocurrencies are legal and should be treated as property. As such, they will be subject to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF 2006).
- 2018: The Australian Transaction Reports and Analysis Centre (AUSTRAC) necessitates that crypto exchanges operating in Australia need to register with AUSTRAC, in compliance with the Digital Currency Exchange Register.
- 2019: The Australian Securities and Investments Commission (ASIC) establishes regulatory requirements for cryptocurrency trading and initial coin offerings (ICOs).
How to Choose the Right Crypto Casino for Aussie Players?
Australians have more options than most other countries when it comes to choosing online casinos or crypto casinos. However, since there are so many crypto casinos vying for your attention, selecting the right one can be difficult.
The following are a few tips to choose the right bitcoin casinos for Australian players:
- Ensure the cryptocurrency casino has the necessary licensing to operate in Australia.
- Look for crypto casinos with free versions of their casino games. This allows you to try different games and switch to actual cryptocurrencies once you’re satisfied.
- Look for BTC casinos that offer VIP memberships that help you maximize your winnings, especially if you’re a regular user.
- Look for online casinos in Australia that accept Bitcoin & alternative crypto like ETH, LTC, DOGE, USDT with generous welcome bonuses or loyalty programs, such as free spins with promo codes, daily or weekly reloads, or welcome deposit bonuses.
How we Review Bitcoin Casinos in Australia
- Reliability/ Fairness: We always gauge the BTC casino’s security, reliability, and fairness. That’s our first priority. We ensure the casino uses the most advanced security techniques to ensure the safety of your funds.
- Variety of Games: We gauge the quality and number of games available in BTC casinos. A good bitcoin casino should have poker, roulette, blackjack, pokies, and numerous card games.
- Welcome Offer: We compare the welcome offers from different bitcoin casinos to recommend those most suitable for first-timer crypto gamblers.
- Mobile Friendliness: We examine the crypto casino’s mobile apps, website interface, and user experience to recommend those most suitable for mobiles and tablets.
- Customer Support: We contact customer care to gauge the quality of their customer support and only recommend those that provide timely resolution.
Is an online casino safe and honest?
A BTC casino’s user-friendliness or a variety of games won’t have any value if it turns out to be a hoax or fraud. As such, when reviewing bitcoin casinos in Australia, our first mission is to ensure their safety and reliability.
We review bitcoin casinos based on their legitimacy and safety. In Australia, gauging a bitcoin casino’s legitimacy is difficult because there are no bitcoin gambling licenses. Our team of experts looks for other means to verify the platform’s legitimacy, such as customer experiences, transactions made, and the first-hand experience. We also look for casinos licensed and regulated under non-Australian organizations, such as the Curacao eGaming Control Board.
Besides reviewing the casino’s legitimacy, we also assess their safety. The past decade has seen numerous instances of crypto hacking and theft. While none of them have targeted bitcoin casinos, we still err on the side of caution. We always assess the crypto casino’s safety practices to ensure your funds are always safe.
How diverse are the games and providers?
There’s no difference in the games offered by crypto casinos and Australian online casinos based on fiat currencies. However, we ensure that the BTC casino has a diverse portfolio of games from different providers to keep you engaged. Our technical reviewers also examine the games’ internal algorithms and architecture to ensure they have the highest standards of fair play.
When reviewing cryptocurrency casinos, we determine if they have the following games: dice games, card games, bingo, lottery, blackjack, sports betting, poker, and roulette. Besides these, we also look for the overall variety of games.
Should you claim a welcome bonus?
All crypto casinos offer welcome bonuses to attract new Aussie players. However, each casino has a different format for bonuses, requiring different levels of investment for different types of casino bonuses & bonus codes. For example, some may offer bonuses in lottery tickets, while others may provide free rounds with pokie machines.
Our team goes through all the available welcome bonuses and rewards to gauge their true value. We assess the potential monetary value of each bonus against the amount of investment required and compare that with other crypto casinos. This allows us to provide a unique hierarchy of welcome bonuses.
It’s worth noting that all rewards and bonuses have a fine print. The most common condition is that you must deposit a certain amount to withdraw your winnings. Our team examines all the terms and highlights them in our reviews.
Is a casino wholly optimized for smartphones and tablets?
In this day and age, no one has the patience to sit in front of a desktop while gambling. You should have the freedom to engage in crypto gambling in the bathroom, subway, or while waiting in line at a store. That’s why we always highlight crypto casinos with strong mobile apps and web interfaces.
We recommend bitcoin casinos in Australia that meet the following essential requirements:
- Mobile apps for iOS and Android phones.
- An interactive and intuitive website.
- User interface and design elements that facilitate easy navigation.
How good is customer support service?
When looking for reliable crypto casinos in Australia, you must consider the casino’s customer support experience. Casino players have the same rights and privileges as all other customers, so you must look for casinos that provide timely support.
Good customer service is essential because all players eventually face issues with the games, withdrawals, deposits, account access, and other problems. Depending on the financial state of your account, these issues can cause immense stress and anxiety. Timely customer support is necessary to resolve these issues as soon as possible.
Our team members individually contact the customer support with various queries to assess them on the following criteria:
- Are they available through live chat, email, and ticketing systems?
- What’s the most efficient means of contacting customer support?
- Is customer support available 24/7, or are there specific times?
- How soon do they respond?
- How skilled are they at conflict resolution?
- Are they polite and attentive?
- How long does it take to resolve a problem?
How to Make a Cryptocurrency Deposit?
- Step 1: Select a Crypto Wallet: Choose a bitcoin or cryptocurrency wallet from which you can send or receive funds. Some of the most prominent examples of bitcoin wallets include Trezor Model T, Exodus, and Electrum. However, the most convenient crypto wallets for gambling are cloud-based wallets, such as Blockchain.info and Coinbase.
- Step 2: Deposit Cryptocurrencies: If you already have cryptocurrencies, you can send them to the crypto wallet. If you don’t yet have bitcoin or other cryptocurrencies, you can purchase them from reliable exchange platforms, such as Coinbase and Bitfinex, and send them to the crypto wallets.
- Step 3: Create an Account: Create an account at the chosen Bitcoin casino in Australia. Once you create an account, you’ll be assigned a temporary bitcoin holding wallet where you’ll have to send the bitcoin funds. Furthermore, this bitcoin wallet will also hold your earnings from gambling.
- Step 4: Deposit Bitcoin: Go to the ‘Deposit’ section on your crypto gambling website. You’ll receive the bitcoin wallet address in the form of a long line of letters and a QR code. You can scan the QR code, enter the amount you want to deposit, and hit ‘send.’ Alternately, you can copy and paste the code into your crypto wallet and hit ‘send.’
- Step 5: Start Playing: Now that you have the necessary funds in your crypto gambling platform, you can play whichever games you choose.
How do I Withdraw Money from Bitcoin Online Casino?
- Step 1: Go to the Financial Page: Your crypto casino’s website will likely have a page called ‘cashier,’ ‘financial dashboard,’ or ‘banking.’ Navigate to this section for an overview of all your deposits and wins.
- Step 2: Select the Cryptocurrency: Select the cryptocurrency you want to withdraw into your wallet. For example, if you want to withdraw Bitcoins, select that and enter the amount.
- Step 3: Withdraw into Your Wallet: Once you’ve entered the right amount, click ‘withdraw.’ However, if you’re an avid player, you should avoid withdrawing all the funds and leave some in the platform for bets.
- Step 4: Scan the QR: Once you hit ‘withdraw,’ you’ll have to enter your private wallet’s address. You can do this by entering your crypto wallet’s public address or scanning the QR code via the phone/ tablet camera.
- Step 5: Receive the Funds: After you go through the steps mentioned above, you’ll receive the relevant funds in your crypto wallet in a few minutes. The cost of withdrawal is usually negligible.
- Step 6: Convert to AUD: If you want to withdraw the fiat equivalent of your winnings, you can convert the bitcoin into AUD. This can be done by executing a sell order at the going rate.
- Step 7: Transfer to Your Bank: You can now enter your bank’s details in your crypto wallet and transfer the AUD funds into your bank. With this, you would have successfully withdrawn your winnings in the form of fiat currency.
How to Open a Bitcoin Wallet for Crypto Gambling?
As the previous sections show, you need to have a private crypto wallet to deposit or withdraw funds from crypto casinos. You should avoid depositing and withdrawing directly from exchange platforms because they often block client accounts because of such transfers. However, with crypto wallets, you have complete autonomy to send and receive funds from whichever source you desire.
You have several options for opening a bitcoin wallet, such as cloud wallets, mobile wallets, desktop wallets, hardware wallets, and paper wallets. Out of these hardware wallets, such as Trezor and Ledger, are the most secure, and cloud wallets, such as Coinbase, are the most convenient. For crypto gambling purposes, you might want to use cloud wallets because they simplify the deposit and withdrawal processes.
Once you select a crypto wallet, opening an account is fairly simple. You have to simply sign up for the wallet, write down the paraphrase you’re given, and you’re good to go! You can now send and receive funds without any problem.
What Games Can You Play at Australian Crypto Casinos?
- Pokies (Slot machines) are the most popular games at online casinos in Australia because they have minimal rules and maximum potential for winning. Some of the most popular slot games include Jumanji™, Immortal Romance™, Starburst™, and the Book of Dead™. All legitimate crypto casinos have provably fair technology to ensure all slot machines are secure and fair.
- Roulette is a popular casino game in which a ball is dropped into a moving wheel with holes with numbers. As a player, you can bet on which hole the ball will be in when the wheel stops. It’s a game of luck with immense potential for winnings.
- Live Casino: If you want an authentic casino experience with crypto gambling, you should try the live casino feature. In live casinos, you have complete access to HD tables where you can bet on your chosen players. The live casino also includes games like blackjack, poker, roulette, and baccarat.
- Blackjack is one of the most popular gambling card games in casinos. The game involves players trying to acquire cards with a face value of exactly 21. Besides luck, this crypto game also involves skills and dexterity.
- Baccarat: Baccarat is a popular card game played between the player and the banker. It’s a comparing card game with three possibilities — player, banker, and tie. This is yet another game in which skills are just as important as luck, thereby suitable for avid players.
- Poker is one of the most classic card games used in casinos, and it’s also available in most crypto casinos. Like traditional poker, crypto poker also involves wagering over which hand is best according to a specific game’s rules. The only difference is that crypto casinos let you wager on cryptocurrencies.
- Other Bitcoin Games: Besides the games mentioned above, you can find a wide range of other card games, lottery, and sports betting opportunities in crypto casinos. The best BTC casinos in Australia should have a wide range of games.
How Bitcoin Gambling Works: Tips for Australians
- Legality: Players are often scared of delving into BTC gambling because they’re uncertain of its legality. However, in Australia, it’s completely legal to own Bitcoin, exchange Bitcoin, or use it as currency for gambling purposes. Numerous regulations, such as the have declared that cryptocurrencies are legal and should be treated as property. As such, you can own, trade, and play with Bitcoin without fear of legal consequences.
- Buying BTC: If you don’t have BTC yet, you’ll have to purchase BTC before engaging in BTC gambling. As such, you must decide who you want to buy BTC — via credit card, debit card, or PayPal. Since cryptocurrencies are legal in Australia, you can easily purchase them using your credit and debit cards. However, PayPal has a volatile relationship with cryptocurrencies, so you should consider that your last option.
- Choose an Exchange Platform: You must purchase cryptocurrencies from reliable cryptocurrency exchange platforms, such as Coinbase and Bitfinex. The chosen cryptocurrency exchange platform should have strict guidelines to maintain security, and you must use 2-factor authentication for added security.
- Use Crypto Wallets for Storage: You might think it’s convenient to store your BTC and funds in your cryptocurrency exchange platform. However, you should always send the funds to your private crypto wallets, such as Trezor and Ledger. Crypto wallets are owned and controlled by you, but you don’t have complete control over exchange platforms. Furthermore, exchange platforms are often targeted for hacks, unlike private wallets.
- The Rise of Cryptocurrencies: The signs are clear — nothing can stop the onward progress of cryptocurrencies. Over time, cryptocurrencies will become completely mainstream and just as reliable and acceptable as fiat currencies, if not more so. As such, Aussie players should be ready for the crypto revolution — this is the best time to win and store your cryptocurrency winnings.
Bitcoin Casinos: Pros and Cons
| Pros of Bitcoin Casinos | Cons of Bitcoin Casinos |
| Bitcoin is safer, faster, and essentially a free payment method. | The Bitcoin gambling market has minimal regulations to keep fraudulent platforms away. As such, you must be extremely careful and verify your platform’s legitimacy before depositing funds. |
| Bitcoin casinos offer bigger winnings to players than traditional casinos. | Bitcoin gambling sites can hide their identity, making them impossible to trace. This also makes them unaccountable. That’s why you should always transfer your winnings into your wallet. |
| Bitcoin and cryptocurrencies are anonymous and decentralized, so your crypto funds can’t be controlled by the government or other institutions. | There are no official gambling licenses for Bitcoin casinos. This makes it even harder to identify fraudulent sites. |
| Bitcoin and cryptocurrencies fall outside tax liabilities and restrictions. As long as you keep your crypto funds in your wallet, you won’t have to pay taxes on your winnings. | |
| Bitcoin gambling offers complete privacy and anonymity since your wallet isn’t linked to your personhood directly. | |
| Bitcoin casinos in Australia promise instant deposits and withdrawals of funds, making it extremely easy and convenient to engage in bitcoin gambling. |
Which is the best Bitcoin casino in Australia?
The following are our team’s picks for the best bitcoin casinos in Australia:
- Playamo: This online casino has 3500+ games, making it one of the largest collections of games in a casino. It also has impressive customer support, featuring live chat and emails.
- Bistarz Casino is regulated under the laws of Curacao, making it completely legitimate. It also has a wide range of games from multiple platform providers, including Habanero, Pragmatic Play, and Microgaming.
- Casino4u: This crypto casino has extremely streamlined methods for deposit, play, and withdrawals. It also has 24/7 live chat support and a massive collection of games from over 60 providers. However, it also has higher deposit and withdrawal fees than most casinos.
How can you purchase Bitcoin, USDT, DOGE, LTC, Ethereum and other cryptocurrencies in Australia for gambling?
You can purchase Bitcoins via cryptocurrency exchange platforms, such as Coinbase or Bitfinex. The following is an overview of the Bitcoin purchasing process:
- Create an account at your chosen cryptocurrency exchange platform.
- Enter your credit card, debit card, or PayPal details.
- Select the amount of bitcoins you want.
- Execute a buy order for the bitcoins and pay using your chosen method.
What is an advantage of BTC casinos?
Bitcoin casinos offer several important advantages:
- Complete anonymity
- The value of bitcoins is likely to continue rising
- Safer and faster than other casinos
- Transactions are free or extremely cheap
- Can’t be controlled by the government
- They can’t be taxed
FAQs
What is a Bitcoin casino?
A Bitcoin casino is an online casino that accepts Bitcoins as the primary choice of currency for deposits, plays, and withdrawals.
Are Bitcoin gambling sites anonymous?
Yes, Bitcoin casinos are completely anonymous.
What does “provably fair” mean for crypto casinos?
Provably fair is a technological algorithm that ensures that all spins in slot machines are completely fair and random.
Is it safe to use Bitcoin?
Yes, it is completely safe and legal to use Bitcoin in Australia.
Do I have to pay any fees when using cryptocurrencies?
No, most crypto casinos don’t charge any fees while using cryptocurrencies for playing. However, you may incur standard cryptocurrency transaction fees if you convert your winnings into AUD or vice versa.
Are other payment methods supported by Bitcoin casinos?
Most Bitcoin casinos deal also accept other cryptocurrencies, such as Ethereum or Litecoin. However, each crypto casino has its own set of accepted payment methods, so you’ll have to explore the available casinos to find one that meets your requirements.
Is bitcoin legal and regulated in AU?
Yes, Bitcoin is completely legal and regulated in Australia. However, Bitcoin gambling is still fairly unregulated in Australia, so you can’t rely on internal licensing organizations. Instead, bitcoin casinos usually seek licensing from external organizations, such as the UK Gambling Commission, the Malta Gaming Authority, and the Curacao eGaming Control Board.
Is Bitcoin gambling safe?
Bitcoin gambling is safe if you select a legitimate and safe crypto casino. However, due to the lack of regulation in the bitcoin gambling industry, you’ll also find many fraudulent platforms. You must select platforms that have been thoroughly vetted by reliable third-party organizations.
How fast are the transactions?
Bitcoin transactions are instantaneous. You can play with Bitcoin the moment you transfer the funds from your wallet to your crypto casino.
Is Bitcoin gambling legal in Australia?
Yes, Bitcoin gambling is legal in Australia.
Conclusion
The Australian government has shown a deep desire to integrate cryptocurrencies into the general life of the country. Soon, cryptocurrencies will be just as legitimate, valid, and acceptable as fiat currencies, and their value is sure to continue rising.
Since cryptocurrencies are completely anonymous and decentralized, they’re ideal for those who like gambling. Your transactions are always secure and private, and the potential for winning is massive. However, due to the lack of regulation in the Bitcoin gambling industry, you must be wary of fraudulent crypto casinos.
Our team of experts thoroughly vet all crypto casinos in Australia to ensure their legitimacy and safety. We hope you found this comprehensive guide on Bitcoin gambling sites in Australia useful.
A recent report from the Guardian indicates that further restrictions on betting-related ads in Australia is gaining momentum from all sides of the aisle.
Roger Gros
Publisher
Global Gaming Business