Sweden used to be one of the most open and accepting countries globally when it came to online gambling. Many of today’s leading casino software providers have their bases and origins in the Scandinavian country. However, over time, the Swedish Gambling Authority has taken over the industry and now heavily regulates internet betting. It’s not impossible to bet in Sweden by any means many casinos are open and accepting of Swedes – but betting with Bitcoin is tricky.
As well as introducing you to some top Bitcoin casinos and cryptocurrency gambling sites below, we’ll also explain how it all works. Let’s start with the former…
Officially, Swedish licensed online casinos are not permitted to accept Bitcoin as a payment method or currency. The same is true of all cryptocurrencies. Here’s the reason why – Sweden has strict regulation that requires its members to go through a KYC process using BankID, and they must use bank transfers (or Trustly) to process those payments in Swedish kroner. Cryptocurrencies are, for lack of a better word, out.
That said, Sweden doesn’t stop its players from visiting offshore casinos. It is these sites that are going to accept cryptocurrencies. So, let’s look at those next.
As hinted at above, any Swedish casino that accepts cryptocurrencies isn’t a proper Swedish casino on account of it not being licensed by the Swedish Gambling Authority. However, that doesn’t mean that it isn’t safe and fun to play there. On the contrary, many MGA-licensed casinos are better regulated than Swedish ones, and they do accept Bitcoin and other cryptocurrencies. If you were considering having a crack at Bitcoin betting at a casino that accepts Swedes, these EU licensed sites would fit the bill, and Sweden wouldn’t stop you or punish you for doing so. They would, however, demand a cut (in the form of income tax) on anything you win.
Why bother playing at a Bitcoin casino when you could simply play at a Swedish licensed FIAT betting site? Well, there are a few good reasons worth exploring, and we’ve got them covered right here.
Swedish FIAT casinos are typically heavily regulated. However, if you want to play in total security, knowing full well that all games are RNG-certified, have fair RTP rates, and more, you need that regulation in a cryptocurrency site, too. MGA licensed Bitcoin betting sites can provide that.
Gone are the days when BTC games were an oddity. Today, many of the leading software providers in the world (many of which are notably based in Sweden) have ensured that their games can take onboard Bitcoin bets. Many even accept wagers via other currencies, too. This makes them more mainstream and less niched than they used to be. If you want to play the biggest and best slots with BTC stakes, you usually can do it nowadays.
Swedes are typically not fans of so-called big brother tactics. Given that all Swedish licensed casinos demand that you verify your identity via BankID, there is no getting away from this at FIAT betting sites. Being able to shirk ID verification at some crypto casinos, including Bitcoin betting sites, will likely be a major lure to Swedes, and we can’t blame them for wanting that.
You can search far and wide for Swedish BTC casino sites, and you’ll likely find a good number of them at your disposal. How do you know that you can trust them, though? The BTCGOSU team has years of experience behind it. We know what a top crypto casino should offer, and we look for these features all the time. We analyze each crypto casino we come across and put our findings in our in-depth reviews. If you want to know whether a Bitcoin betting site is worth its salt, don’t hesitate to check our reviews.
It is understandable and normal if you still have questions about Swedish Bitcoin casinos. If so, allow us to solve your questions and queries with this brief but concise FAQ guide to crypto casinos in Sweden.
Yes. Bitcoin is fully legal in Sweden. You can buy it, trade it, use it, sell it, and much more. However, you are expected to pay tax on any profit you make when using BTC and other cryptocurrencies.
Online gambling is legal in Sweden, but technically only if you visit one of the casinos that have obtained a license from the Swedish Gambling Authority. However, Sweden doesn’t prosecute its residents for playing at foreign sites. You are expected to pay tax on anything you win at offshore casinos, though, and that extends to cryptocurrency and Bitcoin casinos.
Traditionally, Swedish casinos take a dim view of promos and bonuses. You might think that offshore and foreign sites that offer their services to Swedes would simply ignore that. However, in many cases, they don’t. While they are prepared to accept Swedes, many BTC and crypto casinos are selective about the bonuses (if any) players in Sweden can claim. Some sites care far less and make all their promos and bonuses available to players in Sweden.