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Bitcoin in French Casinos
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Bitcoin is a regulated digital currency in France, and since online gambling is also legal, French online casino players can enjoy BTC gambling. There are some restrictions when it comes to games allowed across online casinos licensed to operate in the country, however, there are still plenty of opportunities for French players to place bets using Bitcoin. If you're interested in knowing what verticals are legal in France, on which games you can place bets on using BTC, and more, stay with us as we'll take you through all the important info you need to know. Why choose to use Bitcoin across French online casinos?
Cryptocurrency Regulation in France
As a citizen of France, you can freely buy, sell, use, and trade Bitcoin. The activity is duly regulated in order to protect users and businesses who want to use cryptocurrencies for their transactions and overseen by the AMF (French Financial Markets Authority). Crypto exchanges willing to operate in the French market, are required to obtain approval by the AMF since 2019, therefore, before you choose an exchange platform to use, make sure you check whether it has the proper license to offer crypto trading.
The country has been really supportive, friendly, and encouraging the use of crypto. Sure, it is strictly overseen, proper laws are introduced, and exchange platforms like Binance, are granted a Digital Asset Service Provider license by the AMF, so when deciding to use BTC, you can rest assured that your entire experience will be safe and regulated.
Now, when it comes to online gambling in France there are a few obstacles you’ll come across. In 2010, after being put under pressure by the European Union, France made changes to its online gambling legislation, and a new French Gambling Act was established. With that, the regulatory body was introduced, Regulator l’autorité nationale de régulation des jeux en ligne (ARJEL), which was tasked to prevent fraudulent activities and ensure minors are fully protected.
France made online poker, online bingo and online horse and sports betting legal, but traditional online casino games like slots and table games are still a no-no to this day. Even though there’s a bill still to be reviewed by the French National Assembly, the situation with casino games remains the same.
Therefore, when trying to use BTC to gamble online in France, you only have poker, bingo, horse, and sports betting at your disposal to place bets on. If that's something you'd like to try, continue reading to find out more about the entire process of how to get started with BTC and use it across French online casinos.
Using Bitcoin Across Online Casinos
Even though the choice of online gambling verticals is limited in France, online casino players can still enjoy a few verticals they can place bets on legally within its borders. If a French player who would like to start placing bets on poker, bingo, horse or sports betting using BTC, the first thing you should do is obtain some coins.
To do that, as enforced by the French crypto laws, you have to choose a licensed crypto exchange platform. We mentioned that Binance is a duly licensed DASP, which obtained a license from the AMF to provide cryptocurrencies on the French market. So, consider going with it, or search for other licensed exchanges that you'd want to visit, to purchase your coins.
The actual purchasing process would be pretty simple. You'd have to create an account with the exchange, choose a payment method from the ones offered, and use the euro as your currency to purchase your coins. Different payment method choices are provided by all exchanges, but you can rest assured that popular cards and eWallets would be your option. Select the one that you have an account with and use it to complete the purchase.
From there, you'll be instructed on how to use the coins, since you can buy, sell, and trade your BTCs from the profile you created with the exchange platform. Or, as instructed, you can create an account with a crypto wallet, and transfer your newly-bought coins there. Ledger Nano X and Trezor One would be great options, but you can go with any other crypto wallet that catches your eye. Once your account is ready, you’ll be provided with the private and public keys, also known as addresses, which are strings of letters and digits, that will serve as literally the address where the coins are received or sent from. And with that, your coins will be ready to be used across French online casinos.
As said, you will find licensed sites in France, but these sites won't offer online casino games, but only poker, bingo, horse, and sports betting. Regardless, you'll find plenty of such licensed online gambling sites, so explore a few and decide on the one you'd want to join. Register your account with it and you'll be ready to start placing bets using BTC. To do that, you need to make your deposit first, and this is how to do it:
- Head over to your chosen casino and visit its Banking/Deposits page.
- Select BTC, and in the pop-up, you’ll see the casino’s crypto wallet key; copy it.
- Enter your own crypto wallet, select the amount you wish to deposit, and paste the casino’s key.
- Confirm the transaction and watch the coins arrive immediately on your casino balance.
As you can see, the coins will immediately arrive, making Bitcoin one of the easiest and fastest-to-use methods for deposits; but also for withdrawals! As soon as your casino reviews your withdrawal request and approves it, your winnings will arrive in BTC in your crypto wallet in a few minutes!
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Top 3 Methods Offering Bitcoin at Online Casinos
Once you get used to the online gambling laws and the online gambling offerings in France, you will start enjoying a seamless BTC time. As you can see, getting started with the crypto is relatively easy, but what would you say if we told you that there's an even easier way? Well, in case you already have an account with one of the following top payment methods offered across online casinos, you can start using the crypto right away for your bets! What happens is, these are modern payment methods that have included the crypto trade functionality to their offering, and thanks to that, you can just select them at your chosen online casino site, and still request a BTC transaction. The following are the top 3 methods that offer BTC and that are really popular across French online casinos:
- NeroPay – Available in all EEA countries, France included, NeroPay is a modern eWallet that allows users to make transactions in both fiat and digital currencies and charges no fees for basic transfers. With it, you can use both the euro and BTC, as it pleases you, to make deposits and withdrawals across many online casinos. You must be a citizen of France or other EEA countries to use it of course, but considering you are, you are free to use its services and transact with BTC via its platform across any French casino.
- PayPal – PayPal was launched in California, the USA, over twenty years ago, and is one of the first-ever launched eWallets. As such, it has achieved global popularity and has an unrivaled availability, becoming particularly popular across EU countries in recent years. A few years back, in fact, the solution became even more popular among French users, since it introduced the option for them to use crypto through their accounts with it. Therefore, via your PayPal account, you can make smooth deposits and withdrawals across French online casinos right away; BTC is one option, even though several other cryptos are offered.
- MoneyGram – MoneyGram International is one of the most worldwide-known money transfer platforms ever. As expected from it, being always on track with the developments in the world, MoneyGram started offering users the chance to send and receive transactions in digital currencies, in addition to most, if not all, of the fiat currencies in the world. The functionality is offered in-app, so the minute you download its app, you'll be ready to start using Bitcoin to make your deposits and withdrawals across online casinos. And yes, since MoneyGram is incredibly popular across French casinos, you'll get the combo you need!
Conclusion
Even though online gambling laws and limits are a bit tricky in France, you still have the option to legally use Bitcoin to place bets on poker, bingo, horse, and sports betting in the country. As a French player, you're free to use crypto for your bets, since the activity is regulated within your country's borders. Therefore, make sure you choose the best online gambling site for you, where you'll be able to use BTC for your deposits and withdrawals, and you'll get the most seamless online gambling experience, with transactions processed within minutes.
FAQs
Is online gambling legal in France?
The online gambling laws in France are ever-changing, but the last changes made in legislation forbid traditional casino games and slots, and allowed poker, bingo, horse, and sports betting only.
Can I legally use Bitcoin across French online casinos?
Yes, yes, you can. Cryptocurrencies are duly regulated in France, and there's even a regulatory body that ensures that everything goes as smoothly as possible for users wishing to trade BTC.
Can I cancel a withdrawal request I made with Bitcoin?
No, not really. Neither withdrawals nor deposits can be canceled with BTC, due to the fact that transactions with it are irreversible. Once you've sent the request, you cannot cancel it, so make sure you double-check it first before you press Send/Confirm.
Is crypto taxable in France?
Yes, it is. For capital gains from crypto sales, a flat tax rate of 30% applies. By default, since you exchanged a capital asset for a service you paid using BTC, you have capital gain or loss and you have to pay your tax.
How can I be certain the online casino I want to join offers BTC?
You can simply check the bottom of its homepage, since that’s where online casinos usually display the payment methods offered, or you can go directly to its Banking page and check whether Bitcoin or any of the top 3 payment methods offering it are accepted.