Crypto currencies are certainly making more headlines these days, which explains why curiosity and demand for them are increasing. Most online Bitcoin casino sites opt for a hybrid payment system (you can play with both crypto and fiat), but some are also focusing on a crypto-only system where only altcoins – Bitcoin, Tether, Ethereum and more – are accepted as a payment method.
As far as crypto is concerned in Germany, the country is consistent in implementing the EU’s various Anti-Money Laundering directives. Crypto is not really exempt from this, as Bitcoin and other cryptocurrencies are treated as private money for tax purposes by the German Federal Central Tax Office (Bundeszentralamt für Steuern).
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin, for short) is in charge of regulating crypto, just as it presides over regular fiat transactions and investments.
Gambling and gambling regulations in general have always been a bit unclear in this country. Germany has had many restrictions on this matter throughout the years in order to ensure fair and legal transactions as well as to keep a tight rein on the potential issue that gambling addiction could represent.
In 2021 the Treaty on Gambling was updated. Licenses issued to casino operators under the Treaty on Gambling are now valid throughout the country. In the past, many gambling regulations were handled as a state issue and could vary from one German state to the next.
In Germany providers of gambling services such as online lottery, poker, casino, slots, sports betting and horse betting must apply for a license, which will remain valid for five years.
According to the treaty updates the maximum deposit that players at online casinos in Germany can make is currently 1,000 €.
It is not allowed to use anonymous payment options for online gambling purposes, but luckily this does not apply to cryptocurrencies. Crypto gambling is therefore expanding everywhere, not just in Germany.
And of course, as a German citizen you are also free to gamble at casinos based in other jurisdictions where potentially restricting German gambling laws do not apply, like the casinos on our list – or any other casino that does not put Germany on the restricted countries list.
Using cryptocurrencies at online casinos has opened up new and interesting possibilities for players all around the globe. For many, crypto gambling is exactly their cup of tea – it allows them to enjoy their hobby whilst maintaining their anonymity online, it allows for decentralized, fast and secure transactions.
If you want to give crypto gambling a try or already love it but are still looking to improve your odds, check out the bonuses and casinos mentioned here – you won’t regret it!
While you are here, you might want to check out our other crypto casino guides:
