Cryptocurrencies are gaining traction in today’s economy, and especially in Sweden. There now exist multiple digital currencies that are becoming more legitimate, and are seriously being considered the future of monetary transactions. Some of these currencies include Litecoin, Dogecoin, and the most popular one, Bitcoin.
Sweden has found itself on the forefront when it comes to regularly using cryptocurrencies. Its government has been testing the e-krono for over a year now, and most people prefer using online payment methods rather than cash.
As a Swedish person looking to cash-in on Bitcoin, you must look for crypto casinos that accept the digital currency. As noted by one of our experts, author Dominic Andreasson, Casino online sverige is a good directory to find suitable places to play for cryptocurrencies.
Crypto Gambling Legality in Sweden
Cryptocurrencies are completely legal to use but are not regulated by the Swedish government. Sweden has already embraced the use of digital currencies, and many of you will surely be familiar with the mobile payment application Swish. Economic experts even claim that the country may go cashless by 2023.
The Swedish Gambling Authority (SGA) was established on 1 January 2019 and sought appropriate legislation to handle and regulate cryptocurrencies. It provided legislation that was small in scale and didn’t affect the online gambling scene to a great extent.
Gambling During the Pandemic
The SGA implemented the first major piece of legislation on 2 July 2020. New, tougher restrictions were placed on both gamblers and Swedish gambling sites. Two new rules stood out from the rest:
- Gamblers were only allowed a weekly deposit of 5,000 SEK
- The government capped gambling site bonuses at 100 SEK
Many gambling sites are seeing a decline of 30% in sales because of these restrictions. The government released a statement claiming that they were trying to reduce gambling-related issues. No data was published to support the new measures.
Picking the Right Crypto Casino
Using Bitcoin is a rising trend in Sweden, with many crypto casinos supporting the currency more than others. You must remember that not all sites are legitimate and safe to use. You’ll need a strong set of criteria to determine whether a Bitcoin casino is regulated effectively.
Currencies
There exist many cryptocurrencies you can choose from. The most popular one is Bitcoin as it’s the most universally accepted digital currency and has been around the longest.
Licensing
Licensing is an important factor in determining if a gambling site is safe to use. The logical first step would be to check sites licensed by the Swedish Gambling Authority, which is a sure-fire way of knowing if a site is credible or not.
However, if you are unsatisfied with the sites it licenses, you’ll have to look for sites that accept Swedish players and are licensed by other governments. A Bitcoin online casino will have logos posted at the top or bottom of their websites which indicate accreditation. Some logos include “MGA” or “Curacao eGaming”.
A good Bitcoin casino provides both security and anonymity in your transactions, and withdrawals are usually free of fees.
Top 5 Casinos for Bitcoin
Swedish gamblers have many options to choose from if they want to engage in Bitcoin gambling. Sites are easy to find and great in number, but few combine worthwhile offers with excellent services. Below you’ll find a list of the best Bitcoin online casinos that accept Swedish players.
1. 22Bet:
Incredibly popular and internationally trusted, 22Bet has good customer service and compelling features. It’s a good choice for Swedish gamblers who want a grounded and well-versed introduction into the world of crypto gambling. Swedish players get 100% up to 3,000 SEK.
2. AHTI Games:
It’s mobile-friendly, easy to use and navigate, and offers up to 100 Super Spins.
3. Explosino:
Similar to AHTI Games, it’s mobile-friendly and can get you up to 100 free spins. The website also has live support which helps if you encounter any problems.
4. Play Amo:
The website has a friendly and accessible user-interface. You get 150 free spins and a 2,500 SEK welcoming package.
5. Bitcasino:
You get a 100% matched bonus for up to 1 Bitcoin.
Conclusion
Cryptocurrencies are on the rise in Sweden, and our team suggests getting used to the trend if you want a safe and knowledgeable environment to exercise economic freedom.