Austria has a loose approach when it comes to gambling, but the fact that only one company holds a local licence minimises any excitement for gamblers. Nonetheless, players are free to join international brands without any restrictions. And speaking of offshore brands, one option stands out.
Crypto gambling sites in Austria not only offer a bigger variety of games and sports markets, but they also enable speedy and anonymous transactions. Read on and we will show you all the ins and outs of crypto gambling as well as the best sites you can register to.
Grab the best Austrian Crypto Casino & Sports bonus
Thanks to our expertise in both industries, we have filtered out every top brand with valuable Austrian crypto casino & sportsbook bonuses, offered to players as they sign up. The list of our top crypto casinos on CryptoGambling.tv is updated regularly, so you can always find the best available offers.
In Austria, only one brand holds an official local licence. Casinos Austria International AG operates the gambling platform Win2Day which is strictly monitored. Unlike other European online casinos, this one does not accept players from other countries and offers just a limited range of games. Other companies can not get a casino licence before -at the very least- 2027.
The European Union does not prohibit gambling (including crypto gambling), while the Member States have the right to regulate gambling services on their own territory. Still, EU members must ensure that gambling does not undermine public order, integrity or security. Encouraging customers to gamble responsibly without getting addicted must be among their most important objectives.
Trending Brands in Austria
No of Cryptogambling Sites
5
Top Site
Anonymous gambling sites
4
Most Secure
Provably fair casinos
2
Most Games
Instant Withdrawal Sites
5
Fastest Payout
Stablecoin gambling sites
5
Most Networks
Austrian crypto gambling facts
1
There are no laws against crypto gambling in Austria, so you won't face any consequences if you partake in such activities.
2
Casino games have bonuses that encourage players to play more by offering extra cash through their first deposits; however, wagering requirements can stop you from withdrawing your winnings until they have been fully met. Read their t&c's carefully.
3
Austrian crypto gambling sites offer numerous slot games from the best game providers like Redtiger, Netent or Play'n Go.
Legit Austrian crypto casino sites
Crypto casinos in Austria are just like traditional ones, yet allowing you to deposit and withdraw money via cryptocurrencies. Some of them do not require any personal information, giving you the opportunity to play anonymously. This is very convenient for those who want to maintain their privacy and keep their credit card information off the internet. We've put together a list of some of the best new crypto casinos, all with huge sign-up bonuses, as well as thousands of slots to choose from.
Finding a crypto casino in Austria doesn't have to be hard. When choosing an Austria crypto casino, make sure it offers various promotions and deposit methods, along with bonuses with low wagering requirements, so that you may easily withdraw your winnings.
Cryptocurrency casinos offer a variety of loyalty and VIP programs, so it's important to take advantage of the benefits they provide. In addition to the welcome bonuses that are on offer as you sign-up, there are also cashback offers that encourage users to play more frequently and collect points. These can be either bonus money free spins or even actual casino crypto coins; certain terms and conditions usually apply, ones that you should always check beforehand.
Trustworthy crypto sports betting sites in Austria
These days, more and more people are opting for online bookmakers to place their bets. And if you're looking for the best crypto sports betting in Austria, you have come to the right place. We will now recommend a few crypto-bookies that accept local players while offering high odds, lucrative promotions and fast withdrawals.
Find the Optimal Austrian Crypto Sports Betting Site
You must carefully read each website’s terms and conditions to ensure there are no hidden surprises. Pay attention to wagering requirements, withdrawal processing time frames and any restrictions that may apply on actually using a bonus.
Betting odds should be calculated from the start, not just based on the popular sports markets. Secondary markets are often much more lucrative, however, many bookies tend to lower these odds. Any payout percentage below 95% is not considered as optimal.
In a highly competitive industry, it is really important to find a betting site which is well-designed, responsive and user friendly. Its gameplay should be accessible through all types of devices, while providing access to a large number of sporting events on a daily basis. Before depositing, try it on your mobile device too to see how it responds.
How to deposit on crypto gambling sites in Austria
Before diving deep into crypto gambling, you need to be aware of how it works and how to deposit funds through it. First, you need to create an account at a crypto exchange. Next, you need to set up a payment method that allows you to send funds from your bank account to that specific exchange you want to buy crypto from. Once this transaction is complete, you can transfer funds to the betting or casino site of your choice. Please keep in mind that you should always deposit from your private wallet instead of your exchange account.
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.
Withdrawing from a crypto-friendly brand is just as easy as depositing. In fact, many players prefer withdrawing as soon as they win, because it gives them the opportunity to either spend their winnings or purchase some fresh cryptocurrency. Withdrawals processing time depends on the casino or bookmaker, and this may vary from a few minutes up to several days.
In its effort to offer players fair and transparent taxation, the government has devised different levies depending on the location and the nature of gambling. The tax applied to online and offline sports betting is 2% on all stakes, while winnings are not taxed. Online casinos incur a 40% tax on their Gross Gaming Revenue (stakes minus winnings), while lottery stakes’ levy stands at 27.5% .
The Austrian government has recently released some crypto regulations. The new proposal will tax digital assets on capital gains and create a clear framework around them. Austria is the first European country to treat cryptocurrencies as stocks, while they’ve also set out to digitally tax assets. This means that if you make profit through cryptocurrency trading, it's going to be treated as capital gain and it will be subject to a 28% crypto tax in Austria. Thankfully though, this mainly targets gains from crypto investments and not crypto winnings from offshore gambling sites.
Play with the highest anonymity
It is possible to gamble anonymously through crypto betting in Austria. To do so, there are a few steps you need to follow. First and foremost: create a private wallet and sign up with an offshore gambling site with low KYC requirements. You can additionally use "Privacy coins" like Monero or Zcash. The main difference is that your transactions are completely anonymous; unlike bitcoin, where you can still see the wallet’s address, with "Privacy coins" the only viewable detail is the amount of money which was sent, not who it came from.
If you exchange your casino crypto coin for fiat money (EUR, USD or any other currency) at a regulated exchange, it could be reported to the fiscal authorities. They are closely monitored and they usually cooperate with local tax authorities; tighter regulation is also expected in the future. Therefore, decentralised exchanges and anonymous wallets are the best options in order to keep a low profile.
How Neighbouring Countries Treat Crypto Gambling
It is safe to say that other neighbouring countries face similar problems with this market. For instance, Swiss crypto gambling sites have the privilege of tax-free winnings but the burden of various state taxes for transactions. Or, if you take a look at Bitcoin casinos in Italy, winnings up to a certain limit are not taxed but holdings should be stated nevertheless. This is not bad news, though. If the regulation has a hard time catching up, it means more opportunities and windows for the market.
*Remember, this is meant to be a general overview of the current fiscal situation. As we are not financial advisors, contact a tax professional for any financial inquiries you might have, as errors may lead to significant losses & potential fines.
The selection of online gambling sites in Austria is already wide. Top crypto casinos and sportsbooks are limited, yet we have thoroughly reviewed them. Moreover, the fact that crypto regulations in Austria are not strict, means that players have an easier time finding a crypto-friendly brand. We totally recommend you to do so, as the best crypto casinos usually offer big bonuses & juicy promotions, whereas crypto sports betting sites offer higher than usual odds. Take a look at our recommendations and watch your gambling bankroll getting boosted.
FAQs
Even though there is no locally licensed online casino where you can deposit with bitcoin or other cryptocurrencies, there are a lot of offshore crypto casinos in Austria where you can deposit, withdraw and play using cryptocurrencies; there are crypto-only and hybrid casinos in Austria.
Yes, Austrian players have access to a wide range of sites for crypto sports betting in Austria where they can deposit, withdraw and actually even try crypto betting using their favourite cryptocurrency.
There are already countless different cryptocurrencies, well over several thousand. You can't deposit with all of them, but you can deposit using the most popular ones like Bitcoin, Litecoin, Eos, Matic or Ada.
Unfortunately, most crypto casinos and bookmakers adhere to the ‘Close loop’ policy, which dictates you can only withdraw using the same method you deposited with.