Serbia has had a love-and-hate affair with online casinos and sportsbooks. On the one hand, Serbians have been able to gamble online since 2011, with a fully regulated industry springing up in 2013. On the other, this is only true for Serbian-licensed sites, with the Balkan country’s Ministry of Internal Affairs enforcing a blacklist of over 13,000 sites.
Crypto casinos in Serbia fall into the ever-popular grey zone. As a non-regulated industry, crypto casinos are open for Serbians, provided they aren’t subject to the ISP blocks that many Fiat currency casinos and sportsbooks face (most of them are not). Stay on the article, as we’ll show you how to play at offshore crypto gambling sites here and maximise your bankroll’s value.
Crypto gambling in Serbia always takes place at offshore casinos. These sites support cryptocurrency deposits, wagers, and withdrawals, provide decent anonymity from the prying eyes of the state’s ISP blockers, and allow you to claim immense bonuses, expect less strict KYC criteria, play a great array of games, and enjoy more freedom than a typical Serbian licensed casino can offer. Here’s just a handful of some of our most trusted and exciting crypto casinos for Serbians to join:
For a casino or sportsbook to be legal in Serbia, it must be licensed by the Serbian Gaming Board. If it isn’t, it may find itself on the Ministry of Internal Affairs’ blacklist. Serbian-licensed casinos don’t accept cryptocurrency, but there are many offshore sites out there which do.
Officially, using a VPN isn’t illegal in Serbia, and most can help you circumvent ISP blocks. Moreover, it isn’t illegal to do this. Good news though Crypto gambling is deemed an unregulated industry; therefore, most crypto sportsbooks and casinos worth your time don’t feature on these blacklists in the first place.
What about cryptocurrencies themselves, though? Cryptocurrencies are wholly legal in Serbia – which is good news. Is there any sort of Serbian crypto regulation that you need to know about? As it happens, there is.
The Law on Digital Assets first came into play in 2021, and with it came the taxation of digital assets. Most of the regulation is on companies and businesses to ensure that they adhere to rules regarding tech security, anti-money laundering and inspection by Serbian authorities. However, the tax aspect of this regulation certainly affects your average Serbian. This effectively means that you are taxed on any profit you make when selling cryptocurrencies based on the purchase/selling prices.
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Serbian Crypto Gambling Facts
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Serbians can legally purchase, trade, and sell cryptocurrencies.
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Any profit raised from the sale of cryptocurrencies or other digital assets is taxable as capital gains.
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The Ministry of Internal Affairs runs a blacklist of over 13,000 unlicensed online casinos and sportsbooks.
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At the time of writing, it is perfectly legal for Serbians to use a VPN to access blacklisted offshore sites.
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Cryptocurrency casinos and sportsbooks are unregulated industries and often spared the indignity of appearing on blacklists.
Solid Crypto Online Betting in Serbia
It isn’t just casino gambling that’s legal in Serbia. Sports betting is, too. Serbian crypto betting (like casino gambling) takes place at offshore venues and can provide you with the anonymity you need to play in legal grey areas, allows you to take advantage of sizable deals, and withdraw your winnings more quickly than a run-of-the-mill Serbian site.
Do I Need a VPN to Place Bets at Offshore Crypto Sportsbooks Catering to Serbians?
Whether you need a VPN to access crypto sportsbooks for the Serbian market depends on whether the site you wish to play at features on the country’s ISP (internet service provider) blacklists. Normally, crypto casinos do not. However, the use of a VPN is legal in Serbia. Therefore, even if a Serbian sportsbook and crypto betting site appears on a blacklist, any half-decent VPN should help you access the site. Crypto sportsbooks also have more anonymity, and limited KYC features, making VPNs ideal for Serbian sports betting fans.
Serbians have access to offshore and state-approved cryptocurrency exchanges. It is up to you to decide which best suits your needs, but we find that you can’t go wrong with major international options such as Binance, Kraken or BitPanda. You may prefer using an exchange which isn’t signed up to Serbia’s regulations, as this means that they wouldn’t be legally required to hand over any personal data they may have on you.
Either way, once you’ve snapped up your cryptos, you can transfer them to a hold or cold wallet and sign up for one of our recommended offshore Serbian sportsbooks or casinos. Once there, visit the cashier page and use the address listed to move cryptos from your wallet to the casino or sportsbook.
You should expect near-instantaneous transaction times for both deposits and withdrawals. Moreover, transaction limits tend to be more flexible for crypto users than if you were using, say, a FIAT payment provider and the dinar (RSD).
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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.
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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.
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Transfer the cryptocurrency amount to your private wallet. Never make direct transactions between crypto exchanges & crypto gambling sites. Crypto exchanges may freeze such accounts.
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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.
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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.
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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 hinted at already, there are potential tax consequences for Serbians, which you’re going to want to pay attention to. We’ve got you covered with everything you need to know about gambling and cryptos taxes in Serbia in the next section.
Serbian Crypto Tax for Gambling Winnings
In Serbia, personal income generated from the sale of digital assets (including cryptocurrencies and digital tokens) is subject to a Serbian capital gains tax of 15%. In Serbia, this is calculated rather simply by subtracting the selling price from the initial purchase price. However, that doesn’t count for inflation, so some deem this to be unfair. Naturally, if no profit was made, no capital gains tax is due. If you mine digital assets, these are also subject to the 15% tax rate.
Fortunately, there are no taxes applied to gambling winnings. This means that all profits from an online casino or sportsbook is theoretically yours to keep, with only operators taxed. Of course, once you convert those cryptos into FIAT (or sell them via an exchange), the profit made is subject to capital gains tax. Therefore, the two are intrinsically linked.
If you wish to avoid this eventuality, you can hold on to your cryptocurrencies inside your chosen wallet. As long as they remain there, they are legally not subject to Serbia’s cryptocurrency taxes.
Crypto Gambling in the Balkans
Given the huge sports culture in the Balkans, it only makes sense for online gambling to be big as well. Unfortunately, just like in Serbia, other neighbouring countries try their best to regulate it, translating to lower-quality sportsbooks and more invasive vetting procedures. This is the primary reason crypto gambling sites in Bulgaria are surging among bettors. Less KYC drama and better odds on local leagues are a no-brainer compared to state-licensed alternatives.
To a greater extent, Romanian Bitcoin gambling sites became a powerful tool for players in the bordering country to circumvent the subpar sites available domestically and access top-notch promotions that reach up to 1 BTC in rewards. Overall, cryptocurrencies are set to take over, so learning about them right now gives you a head start against the regulators.
Our Final Verdict on Crypto Gambling Sites in Serbia
Our Final Verdict on Crypto Gambling Sites in Serbia
Given the surplus of FIAT casino and sportsbook blocks in Serbia, coupled with the surplus of top crypto gambling sites which aren’t subject to those restrictions, playing at a Serbia-facing crypto gambling site is very appealing. The laws in Serbia are flexible enough to allow you some leeway, even in a seemingly strict arena. Therefore, we’re happy to report that we’ve got a host of recommended offshore Serbian BTC sportsbooks and casinos for you to join right here.
FAQs
Yes. Serbia has a fully regulated online gambling sector, but it also has a severely restrictive blacklist of illegal sites. The good news for you is that crypto betting sites are mainly separate from both and operate in a legal grey area.
Any online casino licensed in Serbia doesn’t accept crypto payments. However, our top selection of offshore BTC, ETH, and crypto-friendly betting sites most certainly do.
Yes. Binance is one of several top cryptocurrency exchanges that are open for residents of Serbia.
We recommend being strategic about when you trade cryptos. Be selective about when you acquire them and exchange them. Given you’re going to have to pay tax on them, it helps if you’re strategic about when you buy (and sell) them.
Crypto gambling isn’t illegal in Serbia; it is unregulated. Meanwhile offshore FIAT gambling at non-Serbian licensed casinos is illegal. That’s the main difference. Therefore, Serbia doesn’t try very hard to blacklist crypto gambling sites, giving you a wealth of options to choose from.