In Saudi Arabia, all forms of gambling are explicitly illegal. Access to online casinos and sportsbooks has to be as anonymous as it can be to avoid legal consequences. This is valid for both Saudi nationals and expats that reside there for business or personal reasons. But there is a safe way to circumvent this issue.
Crypto gambling sites in Saudi Arabia are clearly the optimal solution since cryptocurrencies hold innate privacy characteristics. On top of that, you will get access to thousands of sports markets, slots and bonuses. We researched for you the top sites for cryptocurrency gambling in Saudi Arabia, so feel free to take a peek below.
Every crypto-friendly gambling website has the ability to provide anonymity for its users but there are sites that offer a lot more. To save you by just picking the first site that grabbed your attention, our specialized team filtered and listed the top Saudi crypto gambling sites offering surprisingly good bonuses. Just to take a taste, you can even find a package with up to 5 BTC bonus. Keep in mind that the list below is constantly updated in order to discover new brands in time.
Cryptocurrency gambling in Saudi Arabia - What should to know
As an Islamic nation, the Saudi Kingdom considers all forms of gambling to be illegal. There are no brick-and-mortar casinos or bookmakers. The same applies to online forms of gambling whether we are talking about online casinos or betting sites. Of course, this is not the case for many people who try to gain access to international online gambling sites. Sadly, those websites are not in a position to provide anonymous transactions. As a result, people accessing those sites can get tracked and may end up receiving severe fines and in many cases up to 6 months of prison time.
Luckily, over the last years, Saudi crypto gambling sites came to light providing the ability for anyone to conduct secure and completely anonymous transactions. This solution is becoming even more convenient since the Saudi government seems to be more open-minded about crypto trading. Cryptocurrencies have been banned since 2018, but there are still no clear laws or penalties for people who own cryptos. In reality, a lot of people hold and trade cryptos and nothing happens in contrast with gambling where penalties are continuously imposed.
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After taking a taste of the Bitcoin gambling legality and the overall crypto scenery, we are going to dive deep into crypto gambling sites in Saudi Arabia. More precisely, we are going to break down both Saudi crypto casinos and betting sites since there are different characteristics that apply to those markets.
Saudi Arabia crypto gambling facts
1
Gambling is illegal even for tourists or expats which are regularly arrested for the act of gambling. That’s why crypto gambling sites in Saudi Arabia are the only way to enjoy playing without have to worry
2
Access in international gambling sites is very difficult to be successful because money transactions, even partially anonymous options like Paypal, are very closely monitored.
3
In 2022, almost 3 million Saudi Arabians have traded or owned cryptocurrencies during the last 6 months. This equals 14% of the adult population.
Which is the best crypto online casino in Saudi Arabia
Currently the top choice if you want to have some gambling action is to pick a Saudi crypto casino. The main reason lies to the anonymous nature of cryptocurrencies which provide privacy and safety at the same time. For example you might be an expat that does not want to risk getting punished because you just wanted to play at an online casino. So, playing at crypto casinos is the best option to sleep calmly at night. However, the benefits do not stop there. There are brands offering a combination of amazing bonuses with packages of up to 3700 SAR or even 2,000+ slots to enjoy. So take a look at the list below and select one of the top crypto casinos in Saudi Arabia.
The amount of cryptocurrencies accepted is among the first things you should check while picking the Saudi crypto casino of your liking. Many crypto casinos offer just Bitcoin as a crypto choice. Nonetheless there are plenty of other digital coins that are much more efficient and fast during transactions. So keep an eye at how many crypto coins are supported in order to offer a better experience for yourself.
One more useful tip is to take some time to read the page of terms and conditions. Over there you can find out whether there are geographical restrictions since some game providers choose to avoid certain countries because they might cause trouble. Finally, reading terms and conditions is recommended in order to avoid any unpleasant surprise about bonuses offered. You should do that because bonuses might sound excellent but there is a possibility to hide annoying details.
Which are the best crypto betting sites in Saudi Arabia
Bitcoin bookmakers are also in position to offer remarkable benefits. Those perks start of course from anonymity and privacy and extend to providing access to a large amount of sports markets to bet. It would be unfair not to mention that crypto betting sites in Saudi Arabia offer the most competitive odds from any other online bookmaker. The benefits do not stop there so take a look at the list below to find out the optimal choice for your needs.
While trying to pick one of the best crypto betting sites in Saudi Arabia make sure that the site is actually available in your country. The decentralized nature of crypto is in position to keep under the radar cross border transactions but some bookies choose to avoid countries like Saudi Arabia. You could also use a VPN to access them, but using VPN is very risky because it is very likely to have problems in the KYC procedure. In order to find out whether that crypto bookie is for you, you should read the terms and conditions page.
However, if you want to make sure that you are on the safe side of the road, pick one of the CryptoGambling.tv recommended sites because those crypto gambling sites are actually accepting players from Saudi Arabia.
Subsequently, you should also try to get some information about the reputation and licensing of the betting site. Usually a quick search in Google will reveal if something is wrong. Additionally, always choose a licensed cryptocurrency gambling site. The vast majority keeps their license in Curacao which is a less strict place for gambling websites. That way you are going to be more safe while enjoying your game.
Creating an account and deposit in a Saudi crypto casino or bookmaker is basically an easy process. You have to start by becoming a member in a crypto exchange platform which usually takes no more than 10 minutes. In Saudi Arabia the most popular crypto platforms are Binance and Rain but there are some other choices too. After you have selected the crypto exchange platform all you need to do is to follow each step of the following guide and you will be ready to play.
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
Probably, you will end up with profits which you will need to withdraw. However the crucial question is whether you have to pay any taxes on those winning and if you need to fill your crypto tax return in Saudi Arabia.
How are crypto gambling winnings taxed in Saudi Arabia
As mentioned before, all forms of gambling are illegal to operate inside the country. As a result there is no regulation that imposes taxation in gambling winnings at all. The same is true about cryptocurrencies with the Saudi government strongly suggesting citizens not to buy cryptocurrencies.
That means that crypto gambling taxation is non-existent in Saudi Arabia. So, it is recommended for gamblers to keep their winnings stored into a wallet and buy things from it. If you withdraw that money into a bank account, it is possible to draw the attention of the authorities. So keep them into a wallet in order to avoid filing a suspicious crypto tax return in Saudi Arabia
The same applies if you are an expat. You should keep your money safe in your wallet and make purchases from it. If you wish to convert your crypto into fiat money you should do it by using a non Saudi bank account.
*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.
Gambling in Saudi Arabia is illegal, and it's not going to change any time soon. Although many citizens try to access online gambling sites, heightened security is needed to avoid trouble. That's why they resort to crypto gambling sites. With anonymity being their main characteristic and fewer KYC requirements, they can enjoy their gambling action away from the prying eye of the state and the consequences. Nonetheless, you are recommended to check out the list above in order to pick among the best crypto gambling sites on the market.
FAQs
Yes. You only need to create an account into a crypto exchange platform like Binance or Kraken. Afterwards follow their instructions and you are there.
Cryptocurrencies have been illegal in Saudi Arabia since 2018 because the government considers them to be highly volatile and risky. However, there are no specific penalties for owning crypto and the number of people owning crypto has soared rapidly.
Yes. There are a plethora of crypto gambling sites in Saudi Arabia that accept a large variety of different cryptocurrencies.
The answer depends totally on you since you might want your gambling site to offer high bonuses, a plethora of coins accepted or something else. Anyway you should take a look at the list above and decide which is the best site for you.
Bitcoin gambling refers to online gambling sites that let you deposit, withdraw and gamble using crypto coins while their main characteristic is anonymity combined with security.