Top Bitcoin Casinos Germany
Online casinos have been massively popular in Germany for many years. Since the early 2000s, the world of online gambling has consistently grown, aided by technological advancements — mainly mobile phones. The industry has become very lucrative and new online casinos are frequently created, with crypto casinos becoming the most prevalent.
In this article, we will take an in-depth look at how crypto casinos in Germany function. You’ll gain knowledge on German gambling laws, history, the future, and if crypto gambling is right for you. We shall assess the pros and cons, and describe what is making crypto gambling so popular in Germany today. Once you’ve read this article, you’ll be equipped to choose the best crypto casinos in Germany and also have a sense of what crypto casinos you’ll want to avoid.
Is it legal to play at crypto casinos in Germany?
In short, yes it is legal to gamble in crypto casinos in Germany. However, the casino must have a German license and be regulated correctly. In the following sections, we will briefly examine the history of Germany’s relationship with online crypto casino sites and the important regulations.
Since Bitcoin’s inception, it has become the main cryptocurrency used in online casinos. While there are casinos that exclusively accept Bitcoin, ‘Bitcoin casinos’ has become an umbrella term to describe many crypto casino sites. As crypto became more and more mainstream and widely accepted, it was only natural for crypto casinos to gain traction.
Germany, like many countries, has an evolving relationship with crypto casinos. With the lack of regulations and overall volatility, crypto still has a long way to go in gaining the trust of the German public. In order to adapt, Germany has consistently updated its regulations in line with the changing environment of crypto casino sites.
While Germany has for a long time been known to have a fairly conservative attitude towards gambling, things seem to be changing.
Germany recently updated its gambling regulations. The new Interstate Treaty on Gambling aims to clear up some grey areas in Germany’s relationship specifically with online gambling. While the Treaty isn’t conclusive, it has made it easier for crypto casino sites to operate in Germany.
The treaty has also put into place a number of practices and limitations to protect players from issues such as gambling addiction. A few of the such are:
- There is a maximum deposit limit for players in Germany of 1,000 euros across all gambling platforms.
- In virtual slots, there is a minimum time set per game of 5 seconds with a maximum bet of 1 Euro.
- Live Betting is no longer allowed.
Operators must :
- Have a registered office in the EU
- Include a German version of their website
- Provide an ‘opt-out’ button for users
Why are cryptocurrencies popular in German online casinos?
Online casinos are hugely popular and crypto casinos are steadily becoming the new norm. This is mainly due to the advantages cryptocurrencies have over fiat currencies. For example, many players enjoy the anonymity and added security associated with the crypto world. The fact that you don’t have to reveal any sensitive information, like your bank details to use crypto casinos in Germany is a huge plus. Players can also profit from lower transaction fees, and faster speeds when making deposits and withdrawals.
How to choose the best crypto casinos in Germany
Choosing the right casino is one of the most important parts of enjoying your online gaming experience. While Bitcoin casinos are safe for the most part, it’s important to be careful. Here are some of the factors to consider when looking for the best crypto casinos in Germany:
Is the casino properly licensed?
While most countries in Europe allow gambling sites and casinos to be regulated by international regulatory bodies, German law requires a German license. With that said, strangely no online gambling site in Germany has such a license.
The most respected licensing bodies in the world are The United Kingdom Gambling Commission (UKGC), Malta Gaming Authority (MGA), Curaçao Gaming Control Board, and the Gibraltar Gambling Commission.
What games does the casino offer?
Ultimately, this is what will bring a player to a casino and keep them coming back for more. The games offered at crypto casinos in Germany will vary greatly, so do your homework. Excitingly, crypto casino sites often have dedicated crypto games that can’t be found on ‘traditional’ sites.
These games are different from the usual slots or table games. Developers build crypto games using blockchain technology and players can use cryptocurrencies within the games. Some of the most well-known crypto games are Axie Infinity, The Sandbox, and CryptoKitties.
Of course, crypto casino sites and Bitcoin casinos do have conventional casino games too. So, you can still find your favorite slot or poker game, and you get the added bonus of being able to use crypto to play with.
What is the choice of cryptocurrencies?
It is important to check that the casino allows players to make deposits and withdrawals in their preferred currency. Some sites are purely Bitcoin casinos, while others accept a wide range of cryptocurrencies. Other crypto casino sites will convert crypto into fiat currencies and then back to crypto for deposits and withdrawals.
Are there any bonuses and promotions?
Players can get some fantastic bonuses and promotions at crypto casinos in Germany. There is a lot of competition for players online, so crypto casino sites work really hard to attract and keep players. Therefore, players should look out for brilliant welcome bonuses, referral bonuses, reload bonuses, and free spins.
Is there good customer support?
When playing at any casino, you never know when you might need some help. Therefore, it is essential for any online casino to have good customer support. There should be some way of contacting the casino 24/7. Crypto casinos in Germany should have at least a 24/7 live chat, in German so that players can get in touch with an agent. There should also be a comprehensive ‘Help’ section and a working search function.
Is it secure and fair?
Having excellent security measures in place is crucial to the functioning of any casino. Crypto casino sites should employ, as a minimum, 128-bit SSL encryption. This protects players’ data and transactions. The casino should also use secure servers, and work consistently to keep its security protocols up-to-date.
An independent body should test the crypto games and casino games for fairness. eCOGRA is an internationally recognized body that tests the Random Number Generator (RNG) for fairness. If they certify the casino, it’s an excellent indication that this is a great crypto casino site and Provably Fair.
How to use crypto at online casinos in Germany
Using crypto at online casinos is becoming increasingly simple. Although it may seem daunting at first, there are many instructions online to help players. Here are the three key steps that players need to take:
- Buy some cryptocurrency using a cryptocurrency exchange. It is possible to create an E-wallet on these sites to store your crypto.
- Find the right crypto casino — bearing in mind the factors above when looking at online casinos. Also, make sure the casino uses the crypto that you have;
- Sign into the casino and go to the deposits section of the site. There should be options to use the currencies there. Just select the correct currency and follow the steps to make a deposit.
Using crypto at online casinos is quite straightforward and is similar to other E-wallets such as PayPal or Skrill.
Since the launch of Bitcoin in 2009, more than 12,000 cryptocurrencies have been created. However, many of these have very little worth or are not active. Having said that, the biggest cryptocurrencies have increased greatly in value (although this value does fluctuate).
Over time, they have the potential to replace fiat currencies. These currencies have a number of advantages over fiat currencies. These advantages make them an attractive alternative to the fiat currencies that we have today. Let’s take a look at how this new financial system works and what its benefits are.
What is cryptocurrency?
If players are thinking of spending their hard-earned cash at casino sites by playing crypto games, it’s good to have a basic understanding of what cryptocurrency is.
This type of currency is a digital, or virtual form of money. It uses cryptography for security, which makes it very safe.
The best known, and indeed, the first cryptocurrency, is Bitcoin. The person or group known as Satoshi Nakamoto created it in 2008. Since then, cryptocurrencies have grown and diversified into the complex world we know today. Some of the most popular cryptocurrencies are Bitcoin, Ethereum, Litcoin, Tether, USD Coin, and Dogecoin.
The three main advantages of cryptocurrencies are:
Privacy and security
The nature of the blockchain and the distributed network means that transactions are very secure. Also, accounts are not directly linked to users’ personal details, so they are anonymous.
Cryptocurrencies are mainly based on peer-to-peer networks, therefore, there are very few costs involved in carrying out transactions. This is because there are no middlemen like banks or other financial institutions involved in transactions. Therefore, fees attached to these transactions are low.
Cryptocurrencies can be moved and traded very quickly over their networks with no ‘middleman’ involved, resulting in faster transactions compared to fiat currencies.
How do blockchains work?
Blockchain technology is the basis of many cryptocurrencies. Blockchains are peer-to-peer, decentralized networks. They are public ledgers or databases, which exist on computer networks. By maintaining records of transactions, they prevent people from making copies of coins or from spending them more than once (double spending).
Different blockchains are used to build each cryptocurrency. For example, developers built Bitcoin on the Bitcoin blockchain, whereas Ethereum was built on the Ethereum blockchain. Some coins can be mined, which is how Bitcoins are created. This means that networks of computers work together to solve complex cryptographic hash puzzles which update the ledgers and create the blocks. However, other coins like Tether are released by the company that owns them.
The future of cryptocurrency casinos in Germany
The Treaty on Gambling has gone a long way to clearing up many of the disputable areas relating to crypto casinos in Germany. This is a big step forward and bodes well for the future of crypto casinos in Germany. As more and more online casinos start to accept crypto as a payment method, crypto casinos should become more commonplace and well-accepted.
Here are a few of the most common questions asked about crypto casinos in Germany.
What crypto games can I play in Germany?
While some Bitcoin casinos, only allow you to play crypto games, the majority of crypto casinos in Germany have a wide choice of classic slots, and table games, as well as a great choice of crypto games.
How do I know if a crypto casino is safe?
Always look out for the logos of internationally recognised licensing bodies. The United Kingdom Gambling Commission (UKGC), Malta Gaming Authority (MGA), Curaçao gaming control board, and the Gibraltar gambling commission are the most well-respected bodies.
Which cryptocurrencies can I use in German casinos?
This depends on the crypto casino. Some casinos, such as a Bitcoin casino only use one currency, in this case, Bitcoin (BTC). Other casinos will accept a wide variety of both crypto and fiat currencies. It is wise to check if you can use your currency for both deposits and withdrawals.