Online Casinos in the Netherlands Offering Bitcoin
While the situation with online gambling in the Netherlands used to be tough, as a Dutch player, you can now enjoy a completely regulated online gambling scene.
What’s more, even though not specifically overseen, Bitcoin is also an option for funding your account and cashing out winnings from it. Regardless of the lack of regulation, it is quite popularly used among Dutch users, and that brings us to the case in point here: BTC gambling in the Netherlands. If interested in knowing more about it and how to engage in it, stay with us as we’ll take you through all the details. Why choose to use Bitcoin across Dutch online casinos?
The Legality of Cryptocurrency in the Netherlands
No specific laws regarding Bitcoin regulation have been issued by the government of the Netherlands as of yet. Even though the Monetary Regulator of the DNB (Bank of the Netherlands) issued a statement saying that Bitcoin and virtual currencies weren’t viable alternatives to the fiat as they knew it, which was expected considering the crypto’s decentralized nature, users are completely free to engage in crypto trading if they wish to, on their own responsibility. While crypto is still not accepted as a currency in the country, there’s no legal obstacle that would make you miss out on the opportunity to use it.
Now, when it comes to BTC gambling, things are much clearer. Online gambling in the Netherlands is today completely regulated and legal, and a number of Dutch casinos offer BTC as an option for deposits and withdrawals. While in the past, or should we say, until a few years ago, the online gambling scene in the country was shaky, with the Remote Gambling Act 2019, the Netherlands launched its commercial interactive market in 2021. Even though there were technical issues that caused the delay, since October 2021, all gambling activities have been regulated in the country.
TheNetherlands Gaming Authority also known as KSA (Kansspelautoriteit) oversees operators and issues licenses to those that abide by the rules. The independent administrative body, regulator, and supervisor was established way back in 2012 and has been in charge of the gambling policy ever since, to this day. The regulator has the right to issue licenses to both local and offshore operators, but also make unlicensed sites exit the Dutch market. So, as long as you join a perfectly licensed casino, you’re free to use all of the services it offers.
On that note, among the things these sites offer, we can mention Bitcoin and other cryptocurrencies. Although the country is somewhat opposed to them, and no specific rules exist to regulate them, you can use crypto as it suits you, as long as the casino you've joined offers it. So, if this is something you'd want to try, continue reading as we'll take you through the steps you need to take to engage in it.
How to Use Bitcoin at an Online Casino?
Considering you have the option to use BTC for deposits and withdrawals across Dutch online casinos, and you'd like to try, there are a few steps you need to take first; we'll take you through them all.
First, you need to visit a fiat-to-cryptocurrency exchange platform, so that you can buy some BTCs. Of course, you could try mining, too, or have someone close to you send you some BTCs, but the easiest way to do it is to purchase your coins with euros (or any other fiat currency for that matter). Once you’re at the exchange platform, take a few seconds to create your account with it.
Next, fund that account with money, and pay for the purchase. To fund the account, you can use all kinds of payment solutions, from popular cards like MasterCard, local options like iDEAL to global solutions like PayPal, your options are limitless. Use the one you’re already using for your everyday payments and purchases and proceed with the payment. Specify how much BTC you’d like to own and complete the purchase.
From here, you can either keep the coins on the exchange platform or create an account with some cryptocurrency wallet to use them as it suits you. Trust Wallet is a popular option with Dutch users, but you can explore many other candidates. Once you’ve created your account, before you transfer the coins from the exchange platform, you’ll get two keys/addresses, unique strings of numbers and letters, that you'll use basically as your credentials when transacting with BTC. In fact, you’ll use them right away, to actually transfer the coins to your wallet from the exchange platform.
Provided you've gone through all of these steps and now you wish to use your BTCs across online casinos, it's time you learned how. First things first, you should know that you'll have numerous Dutch casinos to explore, sites that have obtained a proper license from the KSA to operate on the Dutch market. Check out a few options and choose the right site for you. After you create an account with it, to make a deposit with BTC, do the following:
- Go to your online casino’s Banking page and locate Bitcoin’s logo.
- Press it and in the pop-up, you’ll find the casino’s key that you need to copy.
- Enter the amount you wish to deposit and paste the casino’s key, where pointed out.
- Double-check the transaction details and confirm; the coins will reach your casino balance basically in real-time.
It goes without saying that Bitcoin is one of players’ most preferred solutions for cashouts. Thanks to the speedy withdrawals, Dutch players choose it over any other, to get their winnings in their crypto wallet in no time. What’s more, the procedure is pretty much the same, so you won’t have any issues requesting a withdrawal; this time, you just copy and paste your crypto wallet address where needed, and specify how much you wish to withdraw. The moment the casino approves the withdrawal request, the coins will instantly be transferred to the wallet address you provided.
The Best 3 Payment Methods that Offer Bitcoin Across Dutch Online Casinos
As you can see, there are a few steps you need to make in order to get started with the crypto. But the procedure is far shorter if you choose to do it with the aid of a payment provider.
The thing is, there are several payment methods that have implemented the functionality for users to purchase crypto on their platform. With that, they have significantly made players’ entire crypto experience nicer. Add to that the fact that these are popular solutions offered across most Dutch casinos, and there you have, the perfect methods to use. The following are the best three solutions that offer BTC and are accepted among most Dutch casinos:
- Apple Pay – Apple Pay is an extremely popular payment method in the Netherlands; among the top 5, actually. So, in 2021, when it integrated with Coinbase allowing users to purchase crypto on its platform, the solution quickly became one of the best options for Dutch online casino players. If you're already using it, and we bet you are, make sure you try buying Bitcoin with Apple Pay and then deposit with crypto at your chosen online casino; you'll love the speedy transactions and the efficiency of the entire process.
- MuchBetter – Launched in 2016, MuchBetter is a global eWallet that has caught the attention of many Dutch users thanks to its innovative features, including the opportunity for users to use crypto and get the right support when needed. Provided you already have an account with it, you can start using it right away to make smooth deposits and withdrawals with it across numerous Dutch casinos.
- Skrill – Part of the big Paysafe Group family, Skrill is one of the most worldwide-recognized and used eWallets. With over two decades of history in processing payments over the internet, the solution has become quite popular across online casinos; its position as a player-favorite solution further strengthened when Skrill started offering users the chance to buy BTC via its platform. With that, it became the dream method to use for BTC deposits and withdrawals, so if you already have an account with it, quickly give it a try.
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