What "Licensed" Means for Crypto Casinos
Most of the crypto casinos have a Curaçao licence instead. This is considered weaker as it does not require the casino to separate funds from different players, does not require an ADR process to resolve disputes, or does not offer the same level of protection for players.
A Curacao licence does, however, mean that the casino has to comply with some regulations. Its licence number will be published, and it can be revoked if the company engages in serious misconduct. There is no licence at all for unlicensed casinos.
Boom Casino is currently the best casino for cryptocurrency players as it has the strongest licence (MGA) and allows cryptocurrency deposits.
5 Licensed Crypto Casinos in 2026
Boom Casino
MGA #MGA/B2C/776/2020 - Strongest protection
Welcome: 200% up to €500 + 200 free spins (40x wagering)
Safety score: 4.2/5
BitStarz Casino
Curaçao #1668/JAZ
Welcome: 100% up to €500 or 5 BTC + 180 free spins (40x wagering)
Safety score: 4.5/5
King Billy Casino
Curaçao #8048/JAZ2019-015
Welcome: 151% up to €500 + 200 free spins (40x wagering)
Safety score: 4.2/5
Cloudbet Casino
Curaçao #8048/JAZ2019-010
Welcome: 100% up to 5 BTC + 100 free spins (40x wagering)
Safety score: 4.2/5
mBit Casino
Curaçao #8048/JAZ2013-022
Welcome: 110% up to 1 BTC + 300 free spins (45x wagering)
Safety score: 4.1/5
Why Each Crypto Casino Made the List
1. Boom Casino - The Strongest Licence for Crypto Play
Boom Casino is the only casino on this list with a licence from the MGA, under number MGA/B2C/776/2020. The MGA requires that their licensed companies keep their player funds separate from their operational funds, that their games are regularly audited for fairness, and that players can file cases against them in a binding process that is separate from the company itself. All of these criteria are significantly more onerous than the Curacao regulators require of their companies. Boom Casino accepts Bitcoin, Ethereum, Litecoin and USDT deposits. However, there is a cap on withdrawals of €7,500 per month from player accounts.
2. BitStarz Casino - The Longest Award Record
BitStarz has been operating since 2014 as one of the first online casinos to take both Bitcoin and traditional currency transactions. The site has earned AskGamblers and CasinoMeister awards for best-in-class online casinos. Withdrawals of Bitcoin or other cryptocurrency have no limit on the amounts to be withdrawn, and are typically processed within a few hours of requesting them from the casino. However, withdrawals of traditional currencies are capped at €4,000 per day. BitStarz offers more than 3,500 games and has a reputation over the years for paying out to its players.
3. King Billy Casino - Consistent Player Ratings
King Billy has earned several AskGamblers player choice awards since its founding in 2017. The casino has only a Curacao licence. However, it does offer Bitcoin, Ethereum, Litecoin, Dogecoin and USDT deposits along with traditional methods of deposits. It does, however, place a cap of €2,000 per day on withdrawals, and requires players to wager their welcome bonus 40x before they can withdraw any winnings from the offer.
4. Cloudbet Casino - The Longest Crypto Track Record
Cloudbet is another of the older online casinos, having started operating in 2013. It is one of the first online casinos to offer many different cryptocurrencies for player deposits. It does not offer traditional bank withdrawals however, and instead only offers cryptocurrency withdrawals. There is no fiat option at all. The online casino has a great deal of games to offer players, and a full sportsbook alongside its gaming area.
5. mBit Casino - Crypto-Only With No Withdrawal Limits
mBit is another online casino that has dedicated itself entirely to cryptocurrency since its founding in 2014. It is run by the same company that owns King Billy. It accepts Bitcoin, Ethereum, Litecoin, Dogecoin, XRP and several other cryptocurrencies. There is no limit to the amount of cryptocurrency players may withdraw. However, the standard welcome bonus does require players to wager the bonus 45x before they can withdraw any winnings. It offers more than 2,000 games from established software providers.
Crypto Casino Licence Ratings Explained
| Feature | MGA (Boom Casino) | Curaçao (others) |
|---|---|---|
| Player fund segregation | Required | Not required |
| Formal ADR process | Yes - binding | No |
| RNG audit required | Yes | Basic |
| Responsible gambling tools | Mandatory | Basic only |
| Public enforcement record | Published | Not published |
How Deposits and Withdrawals Work With Crypto
Rather than having to use a card to make a deposit into an online casino, players will be given a deposit address for the specific cryptocurrency that they would like to use to fund their gambling. The funds will be sent to that address from the player's cryptocurrency wallet. Once the transaction is confirmed by the blockchain, the deposit will be credited to the player's account at the casino. Most online cryptocurrency casinos will perform an automatic conversion of the deposited cryptocurrency to fiat currency, or into mBTC units for play at the online casino.
To withdraw winnings from an online cryptocurrency casino, the same steps will be followed in reverse. The online casinos will typically send any cryptocurrency withdrawals faster than fiat currency withdrawals, as there is no requirement for the player's bank to be involved. However, all withdrawals are subject to review by the online casino prior to being sent. Most of the online casinos will apply network fees to the player's withdrawal request, which will be deducted from the total amount of cryptocurrency that is sent. It is also recommended to ensure that the address to which the withdrawal is to be sent is correct, as the transaction cannot be reversed after it is sent.
KYC Still Applies at Licensed Crypto Casinos
A common misunderstanding of how cryptocurrency online casinos work is that they allow players to gamble anonymously. This is false, however. Both the MGA and the Curacao Gaming Authority (CGA) require that the players of licensed online casinos provide their identification documents to the company. These documents will be requested prior to the player's first withdrawal from the online casino.
Any online casino that advertises that they allow players to gamble anonymously and without player verification of identity is one that does not hold a licence from any governing body for online casinos. This is a common warning sign of an unlicensed online casino, along with other signs such as the omission of a licence number on their website, or offers of bonuses that are unrealistic for most players.
What to Check Before Using a Crypto Casino
- Verify the licence number on the official regulator's register - see our licence verification guide
- Confirm your country is accepted - most crypto casinos are unavailable to UK, US, and some EU players
- Check the withdrawal process for your specific cryptocurrency - some casinos have different limits for crypto vs fiat
- Read the bonus terms, especially whether bonuses can be claimed with crypto deposits
- Consider that cryptocurrency values change - a 1 BTC bonus can be worth very different amounts over time
Why UK Players Cannot Use Most Crypto Casinos
All players from the UK are legally required to use only those casinos that are licensed by the UKGC. None of the casinos above hold a UKGC licence, so none of them can legally serve players from the UK. Boom Casino does accept players from much of Europe under its MGA licence, but it is advised to confirm availability for your country before registration. The only option for UK players that would be legally compliant would be a company that holds a UKGC licence and accepts cryptocurrency deposits.
Frequently Asked Questions
Are crypto casinos legal?
That depends on the country in which you live. Each of the online casinos that are covered on this page hold a licence from the MGA or Curacao. However, most countries have their own rules about who is permitted to play in their nation. For instance, UK players are required to play in an online casino that is licensed by the UKGC, and several other countries do not permit cryptocurrency gambling at all.
Is gambling with Bitcoin anonymous?
No. All of the licensed online casinos will require players to verify their identity, and will request that they submit identity documents prior to their first withdrawal from the online casino. Any online casinos that promise players that their gambling is fully anonymous are not operating within the terms of their licensing conditions and should be avoided by any players.
Which crypto casino has the strongest licence?
Boom Casino, which holds licence number MGA/B2C/776/2020 from the MGA. The MGA requires its companies to operate with segregated player funds, to regularly audit their games for fairness, and to allow players to file cases against them and have those cases resolved through a third-party organisation. The other online casinos on this list hold Curacao licences that offer fewer conditions and protections for players.
How fast are crypto withdrawals?
Based on the published terms of each online casino, cryptocurrency withdrawals will typically be sent to players within a few hours of the withdrawal passing the internal review by the online casino. The transfer of the winnings from the online casino to the player's cryptocurrency wallet will typically take place within a few minutes.
What happens if the Bitcoin price changes while I play?
Most of the online cryptocurrency casinos on this list will automatically convert the player's cryptocurrency deposit into a fiat currency balance or mBTC units at the time of the deposit. As a result, if the price of the player's cryptocurrency changes after they have made their deposit, the value of their balance in the player's home currency will change with it. Thus, a bonus in Bitcoin may be worth more or less than when it was awarded to the player after they have finished playing and wagering on the bonus.