Online Casinos in New Zealand Offering Bitcoin
New Zealand is not a country that has banned crypto, but it hasn’t implemented any specific crypto regulations either.
When it comes to online gambling, a set of strict laws and rules are implemented, but you’re not forbidden from joining an offshore online casino. That’s why you can, without any worries, join any BTC casino that accepts players from New Zealand. If you’d like to explore the subject more, you’re welcome to join us as we go through the details you need to know. Why choose to play using Bitcoin across online casinos catering to players from New Zealand?
The Legality of Cryptocurrency in New Zealand
Cryptocurrencies are not legalized or regulated by the Reserve Bank of New Zealand. However, the country being technology-neutral, does not forbid the use of digital currencies. And even though no legislation is implemented to regulate the activities, contract and tax laws apply, when received as payment for normal business activities. As a user, you won’t need to pay taxes for buying or selling coins as crypto assets.
As far as online gambling goes, things are put into perspective. While it is illegal to join online casinos that are operating within New Zealand, you can join sites with operations and servers outside of the country’s borders. Such sites are not included in the Remote Interactive Gambling Prohibition law.
The three main regulatory bodies, the Ministry of Health, The Gambling Commission, and the Department of Internal Affairs are overseeing gambling-related activities in the country. They are put in charge of protecting players in New Zealand, but they do not forbid them from joining sites operated by foreign operators. The government only mulled a ban on cards being used for online gambling purposes, to protect the citizens from spending excessive amounts of money while gambling on sites that are not regulated by any of the regulatory bodies.
On that note, while you can join international casinos that accept players from New Zealand, you are not protected by the New Zealand government from potential problems you may face while doing so. Therefore, as a New Zealander who wishes to join an online casino, you better look for duly licensed sites, sites that hold a license to operate by respected regulators, like the UKGC or MGA, to enjoy safe online gambling.
What’s more, most such international casinos with proper licenses offer Bitcoin as a payment solution. So, you have no obstacles whatsoever to join one and start making deposits and withdrawals with BTC right away. Continue reading as we'll lead you through the steps you need to take to get started.
How to Use Bitcoin at an Online Casino?
To address the elephant in the room, how could you start placing bets with BTC if you don’t own any coins? Well, you’d first need to buy some.
While you can also mine for BTC, that’s a really time-consuming and expensive process that requires the right resources, so the smartest thing to do is buy some.
You can do that by visiting any crypto exchange that operates in New Zealand. Kraken and Binance are quite popular in the country, with around 100,000,000 active users combined! Therefore, go with the one that you like better and fill out asimple form to create your account. Next, fund that account with money, with New Zealand dollars, and proceed with the purchase, choosing one from many different payment methods offered (cards, eWallets, prepaid and mobile solutions, and whatnot). Specify how many coins you’d like to own and pay for them in fiat currency. With that, you’ll be a proud BTC owner.
Next up is deciding whether you’d want to keep your coins there or use a crypto wallet to store and use them. Should you go with the second option, you'd need to select a trusted wallet, create your account with it, and receive your wallet addresses/keys. These are alphanumerical strings that allow you to safely send and receive crypto from and to your wallet, so keep them safe at all times. Finally, you’d need to transfer your coins from the crypto exchange to the crypto wallet and that would be it – you’ll be free to start using them!
That brings us to the next step, depositing with Bitcoin at a New Zealand-catering online casino. First up is choosing a properly licensed site to join. Once you find one, you’d need to register an account with it. Finally, you’d need to go through the following steps to successfully deposit with BTC:
- Head over to the casino’s Banking/Cashier page and select BTC.
- In the pop-up, you’ll find the casino’s wallet address/key – copy it.
- Then, open your crypto wallet, paste the casino's key, and enter the amount you wish to deposit.
- Check all the requested details and confirm the transaction, and in no time, your BTCs will arrive on your casino balance.
It is important to know that, while deposits with BTC are quite popular with New Zealanders, withdrawals are even more popular, thanks to the speedy transaction times. Once the request has been approved by the casino, and after you've provided your crypto wallet address, the coins arrive immediately on your crypto account, with unrivaled speed.
The Best 3 Payment Methods that Offer Bitcoin Across New Zealand Online Casinos
You do know now how easy it is to get started with Bitcoin and use it across online casinos.
But we’ve got great news: there’s an even easier way to do it! Believe it or not, you won’t even have to visit a crypto exchange, as there are a few payment solutions that have integrated with one and now allow a direct fiat-to-crypto conversion on their platforms. While there are many such solutions offered across online casinos, the following are the best 3 that offer BTC for New Zealand players:
- PayPal – As an alternative payment solution launched way back in 1998, PayPal is one of the most popular eWallets in the globe. It allows for secure and fast transactions in fiat currencies, hence New Zealand dollars, and cryptocurrencies, hence Bitcoin. As of a few years ago, it has provided users with the opportunity to convert their NZD to BTC within seconds, plus, it is accepted across most global casinos, so whenever you get the chance, make sure you use it for your BTC deposits and withdrawals.
- Neteller – Neteller is also an eWallet that offers the same NZD to BTC conversions and is offered in New Zealand. This is a global solution with extreme popularity all over the world, and one of the most popular solutions across international casinos. Now, as long as you have an account with it, you can start using it right away to fund your casino account and cash out winnings from it in BTC.
- MoonPay – Being one of the most crypto-friendly solutions out there, MoonPay will take you through all the steps you need to take to get started with Bitcoin, right there on its platform. Once you create an account with it, over 160 currencies are at your disposal, the NZD included, to purchase over 90 cryptos, including BTC. Since it is offered across more and more online casinos targeting players from New Zealand, you can choose to go with it and enjoy the most seamless BTC deposits and withdrawals.
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FAQs
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