Crypto Online Casinos in Armenia

Crypto Online Casinos in Armenia

Crypto Online Casinos in Armenia

Armenia may be one of the smallest countries when it comes to population, but there is a pretty active gambling community nonetheless. Gambling in the country dates to 1991, when the Law on Games of Chance and Casinos was passed.

However, locally licensed options offer limited gambling products, and any winnings are subject to a 20% tax. Players that want to supercharge their game should seriously consider crypto online casinos & bookies in Armenia. Our curated picks offer 5,000+ slots from the top providers, bonuses up to 5 BTC, thousands of high odds sports markets and of course, winnings are tax-free.

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Approved Armenian Crypto Casino List

There are all sorts of top Armenian crypto casino sites for you to join on our page. If you want rapid withdrawal times, a greater array of games than you’ll find at regulated Armenian sites, and you also want a touch of anonymity when gambling, then any of the following top crypto sites in Armenia should tick your boxes:

Casino
Rating
Min Deposit
Rollover
Bonus Code
% Percentage
Amount
#1
BC.Game Bonus
4.3/5
star star star star star
Deposit Bonus
$30
special-rules
Special Rules
Exclusive Offer
NO CODE
120% Bonus Up To$20,000
#2
Vave Bonus
4.4/5
star star star star star
Cashback
$20
B x 40
NO CODE
100% Bonus Up To1 BTC
#3
BetPanda Bonus
4.3/5
star star star star star
Deposit Bonus
$10
x80
NO CODE
100% Bonus Up To1 BTC
#4
Betswap Bonus
4.3/5
star star star star star
Deposit Bonus
10 USDT
Bx50
NO CODE
100% Bonus Up To500 USDT
#5
Coins.Game Bonus
4.2/5
star star star star star
Deposit Bonus
$10
N/A
NO CODE
180% Bonus Up To$20,000
#6
Duelbits Bonus
4.2/5
star star star star star
Rakeback
$10
special-rules
Special Rules
Exclusive Offer
NO CODE
Bonus Up To10% Rakeback +500FS
#7
Coinplay Bonus
4.2/5
star star star star star
Deposit Bonus
20 USDT
x40
NO CODE
100% Bonus Up To5,000 USDT
#8
Jackbit Bonus
4.1/5
star star star star star
Deposit Bonus
€50
x1
WELCOME
copy-icon
Bonus Up To100 FS
#9
22bet Bonus
4.2/5
star star star star star
Deposit Bonus
€1
B x 50
Exclusive Offer
CRYPTOTV
copy-icon
100% Bonus Up To€300
#10
Stake Bonus
4.4/5
star star star star star
Rakeback
$1
special-rules
Special Rules
Exclusive Offer
CRYPTOTV
copy-icon
Bonus Up To10% Rakeback
#11
Gamdom Bonus
4.0/5
star star star star star
Rakeback
$1
special-rules
Special Rules
NO CODE
Bonus Up To15% Rakeback
#12
Sportsbet.io Bonus
4.1/5
star star star star star
Daily Rewards
$1
special-rules
Special Rules
NO CODE
Bonus Up ToDaily Rewards
#13
1xbet Bonus
4.2/5
star star star star star
Deposit Bonus
$10
x35
NO CODE
100% Bonus Up To$1,500
#14
20Bet Bonus
4.3/5
star star star star star
Deposit Bonus
$/€20
B x 40
NO CODE
100% Bonus Up To$/€120
#15
Mystake Bonus
4.2/5
star star star star star
Deposit Bonus
$20
x30
NO CODE
170% Bonus Up To$1,000
#16
Goldenbet Bonus
4.1/5
star star star star star
Deposit Bonus
$20
x35 in Slots
NO CODE
100% Bonus Up To$500
#17
FortuneJack Bonus
4.0/5
star star star star star
Deposit Bonus
BTC 0.001
Bonus x30
NO CODE
110% Bonus Up ToBTC 1.5
Bookmaker
Rating
Min odds
Min Deposit
Rollover
Bonus Code
% Percentage
Amount
#1
BC.Game Bonus
4.3/5
star star star star star
Deposit Bonus
-
$30
special-rules
Special Rules
Exclusive Offer
NO CODE
120% Bonus Up To$20,000
#2
Vave Bonus
4.4/5
star star star star star
Cashback
2.00
$20
B X 5 (Doubles)
NO CODE
100% Bonus Up To1 BTC
#3
BetPanda Bonus
4.3/5
star star star star star
Deposit Bonus
-
$10
x80
NO CODE
100% Bonus Up To1 BTC
#4
Betswap Bonus
4.3/5
star star star star star
Deposit Bonus
Not Available for Sports
10 USDT
Bx50
NO CODE
100% Bonus Up To500 USDT
#5
Coins.Game Bonus
4.2/5
star star star star star
Deposit Bonus
N/A
$10
N/A
NO CODE
180% Bonus Up To$20,000
#6
Duelbits Bonus
4.2/5
star star star star star
Freebet
1.50
$10
B X 5
NO CODE
100% Bonus Up To$100
#7
Coinplay Bonus
4.2/5
star star star star star
Deposit Bonus
1.60
20 USDT
x40
NO CODE
100% Bonus Up To5,000 USDT
#8
Jackbit Bonus
4.1/5
star star star star star
Freebet
1.30/selection (trebles)
€20
special-rules
Special Rules
NO CODE
100% Bonus Up To€100
#9
22bet Bonus
4.2/5
star star star star star
Deposit Bonus
1.40/selection (Trebles)
€1
Β x 5
Exclusive Offer
NO CODE
100% Bonus Up To€122
#10
Stake Bonus
4.4/5
star star star star star
Rakeback
-
$1
special-rules
Special Rules
Exclusive Offer
NO CODE
Bonus Up To10% Rakeback
#11
Gamdom Bonus
4.0/5
star star star star star
Rakeback
$1
special-rules
Special Rules
NO CODE
Bonus Up To15% Rakeback
#12
Sportsbet.io Bonus
4.1/5
star star star star star
Daily Rewards
-
$1
special-rules
Special Rules
-
copy-icon
Bonus Up ToDaily Odds Boost
#13
1xbet Bonus
4.2/5
star star star star star
Deposit Bonus
1.4
$1
x5
-
copy-icon
100% Bonus Up To$100
#14
20Bet Bonus
4.3/5
star star star star star
Deposit Bonus
2.00 Combined (ACCAs)
$/€10
B x 5
NO CODE
100% Bonus Up To$/€100
#15
Mystake Bonus
4.2/5
star star star star star
Deposit Bonus
1.40/selection
$20
x10 in Doubles
NO CODE
100% Bonus Up To$500
#16
Goldenbet Bonus
4.1/5
star star star star star
Deposit Bonus
1.4/selection
$20
x10 in Trebles
NO CODE
100% Bonus Up To$500
#17
FortuneJack Bonus
4.0/5
star star star star star
Cashback
N/A
BTC 0.001
N/A
-
copy-icon
20% Bonus Up To20% Cashback
crypto-icon

Crypto Betting in Armenia

Despite having a small population, sports betting is immensely popular in Armenia. But the much more profitable crypto betting in Armenia is possible only through offshore betting sites. Perks include a great array of markets to choose from, special offers with considerable value, and arguably fairer odds than at some nationally approved Armenian sportsbooks. We have filtered out the A-list brands below.

Bookmaker
Rating
Crypto Coins
Highlights
% Percentage
Amount
#1
white-star
BC.Game
4.3/5
star star star star star
Deposit Bonus
Bitcoin logo
Ethereum logo
USDT logo
check-icon
100+ Coins
check-icon
In-game DeFi Tools
check-icon
Up To 200+ Live Markets Per Event
check-icon
10+ Blockchain Networks
120% Bonus Up To$20,000
#2
Vave
4.4/5
star star star star star
Cashback
Bitcoin logo
Ethereum logo
USDT logo
check-icon
Over 29 Coins
check-icon
Up To 96%+ Odds
check-icon
Over 1,000 Daily Live Events
check-icon
4+ Fiat To Crypto Gateways
100% Bonus Up To1 BTC
#3
BetPanda
4.3/5
star star star star star
Deposit Bonus
Bitcoin logo
Ethereum logo
USDT logo
check-icon
Over 12 Coins
check-icon
Livestreaming
check-icon
40,000+ Monthly Pre-game Events
check-icon
Bitcoin Lightning Accepted
100% Bonus Up To1 BTC
Armenia’s Development of Digital Technologies Act & Sports Betting

Armenia could potentially change its laws regarding cryptocurrencies in the future. In 2018, legislation was proposed which would exempt crypto mining from taxation (until 2023). The opposition’s Development of Digital Technologies Act would also make crypto gambling legal, opening the way for regulated crypto sports betting in Armenia.

The ruling government shot down the proposal. Should the opposition make it into power in the future, it isn’t impossible that this legislation may be revisited. For the time being, international bookies based overseas will be your best bet (pun intended).

BC.Game Logo
Casino
BC.Game
4.3/5
star star star star star
YEAR EST
2020
check-icon
100+ coins
check-icon
Over 5,400 Games
check-icon
60+ Providers
check-icon
DeFi tools
Pragmatic Play Pragmatic Play
Play ’n GO Play ’n GO
No Limit City No Limit City
Exclusive Offer
120% Bonus Up To $20,000
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How to Deposit at Crypto Online Casinos in Armenia

Around five or so cryptocurrency exchanges have proved themselves popular with Armenian crypto dabblers. Binance and Kraken seem to have the lion’s share of the market, so if you’re eager to purchase cryptocurrencies, we recommend starting there. You can use the Armenian dram (AMD) to purchase cryptocurrency using debit and credit card options at those exchanges.

Several of these exchanges also host their own wallets, which is handy if you wish to store cryptocurrencies without obtaining a cold wallet. Leaving cryptocurrencies in those wallets is advised should you win, especially since Armenia does tax any profit you make when you sell and convert your cryptocurrencies back to AMD.

Once you’ve obtained the crypto of your choice, you can head over to your chosen gambling site to deposit. Navigate to the deposit section and make a note of the wallet address you find there. Use that to process the payment via your wallet. Crypto deposits (and withdrawals) are processed near enough instantly. In fact, withdrawals from crypto casinos and sportsbooks to your wallet are processed far quicker than any conventional Armenian gambling site (using AMD) can match.

Step-By-Step Process
Crypto Online Casinos in Armenia
Crypto Online Casinos in Armenia
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.

As touched on, there are potential double taxation concerns for Armenians, and we’ll explain that below, as well as provide you with a few handy hints to ensure that you deal with your tax in a legal way.

Armenian Crypto Gambling Tax

Firstly, you should note that there are taxes on anything you win when gambling. For players, this tax used to be 21% but has been dropped to 20% from 2023 onwards. Gambling winnings are declared as income tax, according to the Armenian Law on Income Tax (Chapter 3). Because winnings constitute an income tax and not a gambling tax, per se, this law also applies to anything you win when playing at offshore sites, even with cryptocurrencies. 

If you win with cryptocurrencies, you are supposed to declare those winnings as income tax. However, Armenia doesn’t have a capital gains tax, so you could argue that any profit you make when selling your cryptos aren’t “winnings” but “gains”. It isn’t clear how successful you’d be, though. Cryptocurrency miners, for instance, are taxed on profit, as this is deemed to be a business venture.

To ensure that you stay on the right side of the law, it can’t hurt to keep your cryptocurrency winnings in your wallet and delay converting them into AMD. This is the best advice we have for Armenians.

Our Final Verdict on Crypto Gambling in Armenia
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Our Final Verdict on Crypto Gambling in Armenia

There’s no doubt about the value of crypto betting sites in Armenia. You are free to play at them, to wager and to do so with either AMD or cryptocurrency as you see fit. This may change in the future, for instance, if Armenia regulates cryptocurrencies. However, they haven’t had any luck doing that so far. If you’re ready to start playing, head over to our trusted Armenian crypto sites to sign up and start betting today.

FAQs

Yes. Like most countries, Armenia hasn’t regulated cryptocurrencies and doesn’t consider them legal tender. However, it is certainly legal for you to buy, sell and trade in cryptocurrencies. Gambling with cryptos falls into a grey zone, but you won’t be punished for doing so.

Yes. Armenia has legalised both online and land-based betting, so you can take your pick there. It hasn’t formally legalised crypto gambling, so that remains an unregulated industry right now.

Cryptocurrencies have many perks. For gambling purposes, you can process payments faster, enjoy more flexible limits, play with anonymity, pocket bigger bonuses, and play a larger array of games. All these are top reasons to wager with cryptos.

Hands down – Bitcoin. However, Armenia is generally a crypto-friendly country, so you do tend to see quite a few other cryptocurrencies making headway, and not just the usual suspects, either.

Officially, no – Armenia doesn’t have a capital gains tax. However, it does tax your winnings, so the Ministry of Finance can argue that you are liable to pay tax on those before you sell your cryptocurrency. We’d keep the winnings in our wallet to be on the safe side there.

Cryptogambling.tv is the first site to fully empower crypto iGaming brands. Decentralized digital currencies are the answer to the restrictions that gamblers face worldwide. Your funds, your rules. At the same time, we accept no compromises, and promote only legitimate websites. Trust our expertise, become an avid crypto gambler and maximize your bankroll’s value.
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