Argentina has a legal but complicated online gambling scene. Officially online casinos have been legal since 2006, although this is on a province-by-province basis, and each operator may require a license from each of those regions. As a result, Argentina’s online gambling sector can best be described as segmented, operating almost federally, much like the betting scene in the US.
All this leads to a cumbersome situation, along with subpar local platforms. But there is a way to get ahead of the game. Crypto gambling sites in Argentina let you access top-notch products safely & anonymously, with thousands of slots, high-odds sports markets and bonuses that can not even be compared to their traditional counterparts. Keep reading, as we are going to analyse the whole situation.
As touched on, cryptocurrency casinos aren’t licensed locally in Argentina’s provinces, so you’ll need to venture offshore to wager at a crypto casino in Argentina. There are many top reasons to do so, including faster withdrawal times and larger cashout limits, a great array of games and generally more flexibility when it comes to gameplay. You’ll find some of our top recommended casinos below.
As discussed, Argentina’s gambling laws are segmented. As of 2006, any gambling operator must apply to ALEA (Asociacion de Loterias, Quinielas y Casinos Estatales), otherwise known as the Association of Lotteries, Pools, and Casinos, for permission. If granted, they can apply for a license from whichever Argentinian province they are in, with roughly two-thirds of all Argentinian provinces having legalised online gambling.
Argentina doesn’t regulate cryptocurrencies, despite South America being one of the fastest-growing regions for crypto use. Gradually more businesses and individuals are gravitating towards digital currencies, despite options such as Bitcoin not being legal tender in Argentina. In fact, Argentina itself is one of the fastest crypto-adoptive nations in the world, with over 60% of respondents in a survey saying they use them. In 2022, the Argentinian Government announced that it was looking at forming a committee to explore crypto regulation. No results or recommendations have thus far been announced.
So, what does that mean for crypto gambling? What’s the situation surrounding Bitcoin gambling legality in Argentina? Argentina doesn’t punish its citizens for playing at offshore venues, nor does it prohibit you from using cryptocurrencies to gamble. While you are unlikely to find too many home-grown establishments accepting cryptocurrencies, you’ll find plenty of international sites accepting both BTC and other cryptocurrencies and Argentinians under the same roof.
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Argentinian Crypto Gambling Facts
1
Argentina has had a legal online gambling industry since 2006.
2
Each Argentinian province has the power to legalise and regulate gambling (if it chooses) and awards its own licenses.
3
Argentina is one of the fastest-growing crypto markets in the world, with over 60% of Argentinians admitting to using cryptos.
4
At the time of writing, Argentina doesn’t regulate cryptocurrencies.
5
Argentina is looking into cryptocurrency regulation and national licensing for gambling, so expect these in the near future.
Premier Crypto Betting Sites in Argentina
It isn’t just crypto casinos that you can join in Argentina. Sports betting is also immensely popular, and Argentinian crypto betting options can be found offshore here, too. Playing at the crypto sportsbooks also has its perks, including generally more diverse odds, anonymity if you seek it, faster withdrawal times, and, in some cases, no KYC hurdles. These are just some of the primary reasons why you should join top Argentinian crypto sportsbooks like those below.
Most Popular Bets at Argentinian Online Sportsbooks
Of course, with national icons like Diego Maradona, Sergio Aguero, and Lionel Messi, football is the number one sport you can bet on at Argentinian crypto sportsbooks. However, that’s not the only option Argentines like to splash cryptos on.
Other popular sports amongst Argentinian bettors at crypto betting sites include horse racing, boxing, basketball, handball, and golf. You will be able to find betting options in all these sports with odds that can reach up to 98%.
How to Deposit at Casinos with Crypto in Argentina
Snapping up cryptocurrencies is easy enough in Argentina. The South American country is (at the time of writing) the thirteenth largest market for cryptocurrency use, so there are many exchanges that are prepared to sell and buy cryptocurrencies.
eToro stands out as one of the most popular, and it sells over 3,000 cryptos, stocks and more. Bybit is also a popular choice amongst Argentinians, while Binance, OKX and Gate.io also have a large following in the South American country.
You can purchase cryptocurrencies easily enough in Argentina using your bank card. After doing so, transfer them to your casino or sportsbook wallet using your account address/key, and you can claim any exciting bonuses and promos from there. Naturally, withdrawing your winnings involves the same process, albeit in reverse.
Step-By-Step Process
Step-By-Step Process
1
Start an account at a crypto exchange. Fund it via debit card, bank transfer or any other local option. Acquire the cryptocurrency that you are going to use as a gambling bankroll.
2
If you are not in a hurry, limit orders hold fewer fees than market orders. Sometimes, it is better to acquire the proprietary coin of the exchange first, as trading pairs with them cost less.
3
Transfer the cryptocurrency amount to your private wallet. Never make direct transactions between crypto exchanges & crypto gambling sites. Crypto exchanges may freeze such accounts.
4
Head over to the gambling site’s cashier section. Click on the relevant crypto method. The wallet’s address will appear. Copy the address and paste it into your wallet’s send function. QR code scans are commonly available too.
5
If a brand does not support crypto-only wallets, watch out for the exchange rate. Any spread above 1% of the current market rate is too much.
6
After a few seconds or minutes, your deposit will settle. This depends on the cryptocurrency and the number of block confirmations required by the operator.
There are one or two issues with cryptocurrency taxes that we need to run by you, though. So, before we conclude anything, let’s look at those next.
Argentinian Crypto Gambling Taxes
Fortunately, you won’t be taxed on anything you win playing at an online casino, whether that is based offshore or locally. Only operators are taxed, so that’s one less than for you to worry about when betting in Argentina.
Unfortunately, there is a cryptocurrency tax that you need to consider. If you hold cryptocurrency and then sell it and make a notable profit, you will need to declare that crypto profit as part of your income tax declaration. Even holding onto cryptocurrency in Argentina is potentially a taxable situation because it is liable for a “personal assets tax.
Argentina’s crypto tax is around 15% for resident individuals. However, this is only the case when you sell it and make a profit. If you merely hold onto it, then it’s charged as a personal assets tax of between 0.5% and 1.25% if (and this is the key part) the value exceeds 6 million pesos (ARS).
The best way to get around this is to hold on to your crypto winnings and not convert them to legally avoid paying income tax. And if you want to cash out an amount, do it via small increments to stay under the radar.
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Our Final Verdict on Crypto Gambling in Argentina
Our Final Verdict on Crypto Gambling in Argentina
Crypto gambling in Argentina is open and accessible to everyone. Whether you want to bet with Bitcoin on casino games or splash the digital cash on sports betting, you’ve got options aplenty in front of you. It is true that the personal assets tax does throw a bit of a spanner in the works, but you can avoid it by leaving cryptos in your gambling wallet, not your crypto wallet, as technically, they aren’t assets that way.
If you do fancy having a stab at betting at Argentinian crypto casinos and sportsbooks, explore some of our recommended sites today to find trusted, reliable options.
FAQs
All our studies have shown that eToro is easily the biggest cryptocurrency market used by Argentinians both for betting and other purposes, so we’d recommend that you start there.
About 15%! Argentina charges a 15% crypto income tax if you make a profit from selling cryptocurrencies, while they will charge you up to 1.25% if you merely hold on to them in your wallet. They call this a “personal assets” tax.
Some may do, but it depends on which site and which province it is licensed in. However, if you choose to play at our offshore crypto casinos and sportsbooks for Argentinians, you’re guaranteed to be able to deposit, wager and withdraw using leading cryptocurrencies.
Again, you’ll find that this is something that’s going to vary depending on where you play. However, if you choose one of our sites, you’re guaranteed to find top bonuses aplenty, and not just for new players.