France has one of the most hostile environments for gambling in Europe. With the regulation banning casinos and limiting access to betting sites, it becomes increasingly hard for locals to bet on their national leagues and get some casino action.
Despite the fact that offshore operators are constantly blocked, French crypto gambling sites turn out to be the ideal gaming solution for French players, as they allow for true restriction-free gambling. Read ahead, as we will show you the best brands you can sign up to and all the important details.
Crypto-friendly gambling sites hold significant value for players, but choosing the right one might be confusing and time-consuming. To clear things up, our team filtered the top crypto gambling bonuses for French residents. The list receives constant updates, so you can consult it regularly.
Crypto Gambling Sites in France - Facts & Legal Info
Online gambling in France had a fairly rough time before it actually became legal. In short, it has been legal since 2010 and is supervised by the independent administrative authority ANJ (Autorité Nationale des Jeux). However, things are still not ideal since many gambling activities are banned. The only licensed online forms are sports betting, horse racing and poker games. Right now in France, there are 17 licenses for bookies, which is a very small number compared to the French population. On the contrary, online casinos, spread betting and betting exchanges are not allowed to operate inside the country.
While gambling regulations are harsh, cryptocurrencies seem to enjoy favorable laws. Not only are cryptocurrencies legal, but France is among the first countries that fully regulate them. So the official stance of the French government for cryptos is that they are considered digital assets. At the time, this was a very innovative decision, as many other countries held a passive or even hostile stance against this new technology. Keep in mind the following facts before forming your opinion about cryptocurrencies and gambling in France.
Trending Brands in France
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
At this point, it is becoming obvious that to circumvent all these restrictions, French crypto gambling sites are the key, due to blockchain networks that are unaffected by national borders. There are quite a few crypto-friendly sites to start playing but first you need to find which one is best for you. Below we will examine each case separately, starting with Bitcoin casinos and then French crypto betting sites.
French crypto gambling facts
1
Licensed online bookmakers operating in France have to deal with significant taxation, which can be up to 55,2 percent. Those increased tax levels directly affect the product’s quality & competitiveness.
2
Taxation for players’ gambling profits is 13,7% and it applies after the €1500 threshold.
3
Despite the adverse environment that gambling sites face in France, the wider crypto scene has found an ally. Not only has France taken very progressive steps in favor of the crypto industry, but it is also asking other EU countries to do the same.
4
According to estimations, 5% of the population of France owns Bitcoin or other cryptocurrencies. This translates to 3,4 million French owning crypto assets.
Trustworthy French Bitcoin Casino
At the same time that France resists the EU's pressure to accept online casinos operating inside its territory, French Bitcoin casinos are becoming more and more popular, and there is no wonder why. French online casinos with cryptocurrencies are the only way to enjoy some slot action at the comfort of your own home, while at the same time gaining access to their unique advantages. From enhanced privacy to amazing bonus opportunities, we find it essential to create a wallet and try them out.
It is widely known that French gamblers love betting in sports and more specifically in football. However their potential profitability is very limited since high taxation forces online bookmakers to reduce their odds. On the other hand, French bookies with cryptos are not only free from this irrational taxation, but also crypto payments do not require annoying bank intermediates getting involved and increase the overall cost of operations. As a result crypto betting sites in France are in position to offer way better odds than local bookmakers.
Before starting to play with a crypto betting site in France you should take into consideration some advice in order to make your life easier.
Check out the bookie’s reputation. Is very important to make a quick search on google, along with our own review. That way you will find out whether there is something wrong about the crypto friendly gambling site you chose.
Variety of sports offered. Locals enjoy a lot wagering in football but also like to gamble in cycling, rugby and F1. The good news is that French bookies with cryptos offer a plethora of sports markets to play.
Understand how cryptos work. There is no need to get technical and learn every aspect of cryptocurrencies. However, there are some things you should know like the fact that transactions are irreversible, meaning that if you do a mistake you cannot undo it.
Bonus terms and conditions. French Crypto betting sites offer nice bonuses but there might be some tricky terms. So, you should always read the fine print before get all excited about bonuses.
Let’s continue with a more practical part in order to clear some things up. After deciding which is the right gambling site, you will want to create an account and start gamble. However, before that you will need to become a member in a crypto exchange platform. In France this is very easy because the top global crypto platforms operate inside the country, and all of them offer legitimate services.
First and foremost is the crypto giant Binance, which is registered as a Digital Asset Service Provider (DASP) in France. This means that France allows Binance to operate like a crypto exchange inside the country, a move that made France one of the first major European countries that gave approval to a crypto platform. Additionally, Coinbase and Kraken are some very secure choices. After picking the exchange platform you liked more, just follow the steps below and you are there.
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.
When the winning time arrives you should probably wish to withdraw your money. The process is easy. You just need to type your wallet’s id in the withdrawal option of the gambling site. The last thing you should be aware of is what is the deal about crypto taxes in France.
As mentioned before, France was a pioneer in creating a crypto legislative framework. Owning crypto in France is considered legal with the government considering them digital assets. Of course, the fact that cryptos have been regulated means that they are subject to tax. As a result, if you choose to trade your cryptocurrencies with fiat money (Crypto to Fiat), it will incur an income tax of 12.8% plus social contributions at the total rate of 17.2% for most cases.
However, citizens can stay under the radar of the current crypto regulation directives and avoid taxes if they do not exchange their crypto assets in Fiat money. This is feasible because cryptocurrencies are stored in crypto wallets which are mostly anonymous. In addition, if you trade your digital coins with other digital coins is not considered a taxable act. So if you want to avoid the crypto taxes in France you should keep them secure in your anonymous wallet.
What Does the Situation Look Like in Other Countries
Cryptocurrencies are picking traction for gambling in other neighbouring countries as well. Belgian crypto casinos helped local players circumvent gambling rules and transaction bans similar to France. And as tight markets are clearly a perfect fit for cryptocurrencies, crypto gambling in Spain proves to be a huge success since players easily take advantage of offshore brands to claim Bonuses and more promotions, which are mostly banned on local websites.
*Keep in mind that this is meant to be a general overview of the current fiscal situation. As we are not financial advisors, contact a tax professional for your financial inquiries; errors may lead to significant losses & potential fines.
Online gambling in France is legal but is faces several restrictions, like in the case of online casinos that are 100% banned from operating inside the country. Also, bookmakers face staggering taxation which ends up hurting the product’s quality and value. On the contrary, the local crypto regulation favours the use of cryptos. That is why, the optimal gambling solution are crypto operators since they are hardly limited by French authorities. So, if you wish for true freedom in gambling activities, pick one of the tested French Crypto betting sites or Bitcoin casinos recommended by CryptoGambling.tv and get ready to reap the benefits.
FAQs
Crypto trading is not gambling. Cryptocurrencies are digital assets that give the opportunity to make money through investing and trading. We could say crypto trading is more similar to stock trading.
Every online casino is considered to be illegal in France and when players try to reach offshore brands, they might get blocked. Nonetheless, French online casinos with cryptocurrencies are very easy to gain access and not get blocked, due to the anonymous nature of crypto transactions.
A Bitcoin casino in France, works like any other online casino. You can become a member, deposit money and play to win. The only difference is that they use cryptos as their currency. These offer many advantages like anonymity, security and fast transactions etc.
Gambling in France is legal. The problem starts when we are talking about online gambling since there are many limitations. For example, online casinos are banned and online bookmakers are very few in comparison with the population of the country.
There are quite a few choices that will satisfy your needs. Take a thorough look at the recommended list above and pick the best for your own needs.
Yes. You can find the top French bookies with cryptos in the list above. Those sites are the optimal solution for online betting because they offer higher odds, nice bonuses and a great amount of sports markets.