Although Sweden is considered one of the leading iGaming markets, the decision to limit Bonus offers to one, or even none per site is abnormal. And there are plenty of further restrictions in line. As a result, the wide majority of locals that yearn for quality gambling products find themselves at a severe disadvantage.
Thankfully, with Swedish crypto gambling sites, players gain back the ability to trigger multiple offers every week along with numerous extra features. There is more than meets the eye, though, so keep reading as we will unfold all the key details for you.
Living in a world where you can only claim one Bonus and no additional promos, is quite unfair for Swedes. For that reason, we have created a list of the best bonuses you can find on crypto gambling sites in Sweden. The perks don’t stop on the promotions, so check our reviews to find out how each brand can benefit your game.
With the new Gambling Act coming into effect in 2019, the doors opened for operators to get a Swedish license, but the fun was also taken away from most players. With a one Bonus limit and an overall subpar experience from the few licensed sites, gamblers started seeking better alternatives. Crypto casinos without a Swedish license proved to be the answer.
Providing lower KYC requirements, faster and anonymous transactions, thanks to cryptocurrencies and a wide array of promotions, a new standard for gambling was born in Sweden. Don’t just sign up for the first casino with the largest offer, though. Keep some of the following facts in mind during your search for a site.
Trending Brands in Sweden
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
If crypto transactions for online gambling sound like a go-to for you, the only thing left is to find a website and sign up. Due to the grey state of crypto regulation, there are many brands lacking trustworthiness. So, we selected the best Swedish crypto gambling sites you can sign up for, with all their features in two detailed categories below. Keep reading and see how they can elevate your game.
Swedish bitcoin casino facts
1
Crypto casinos without a Swedish license are not obliged to have SEK in their cashier section and it can be missing from many. If you prefer Krona for your sizing, make sure you find a website that supports SEK.
2
The legal age for gambling in Sweden is 18 years old, which is the standard for countries worldwide.
3
Registration in most bitcoin casinos can be completed only with a valid email address. Say goodbye to sharing your gambling activity with the bank and keep a low profile.
4
When picking a coin, take into consideration that cryptocurrencies like BNB, ADA, SOL or TRX are faster and have lower transaction fees compared to Bitcoin or Ethereum.
Best crypto casino without Swedish license
Although this can be quite tedious, in order to carefully inspect and find the best crypto casino with no restrictions for you, our shortlist below will help speed up the process. More specifically, we have compiled some of the top casino brands that accept Swedish players based on our objective criteria. Our selection features websites with lofty signup bonuses, thousands of slots and live games, as well as fast transactions with no minimums.
Many websites will try to lure you with a sky-high Bitcoin casino bonus on your registration. Before you take the offer, carefully read the terms and conditions for the wagering requirements, the available games and any dodgy terms in general. Remember, a Bonus should add to your playing style, not hinder it.
Besides the Welcome Offer, some available promotions in crypto casinos without Swedish license include Reload Bonuses, Cashbacks and Free Spins to accommodate your casino action.
Live games
Part of every proper online casino is a well-equipped live section with a variety of games. That’s why the biggest live gaming studios like Evolution and Pragmatic Play are always present on most top bitcoin casinos. Providing blazing game shows such as Crazy Time, Monopoly Live and Deal or No Deal, they bring a whole new level of excitement to players. If more traditional games are your thing, Poker, Craps, Blackjack and Roulette for all types of bankrolls will give you more than enough action for your sessions.
Crypto betting in Sweden - Top Brands
Ever since the Swedish government made way for new bookmakers to join the local iGaming scene, operators held a different stance. In particular, the complexity and high upfront costs of obtaining a local license made most bookies to abstain from the process, leaving players with a high number of lower quality offshore sportsbooks.
Well, not anymore, as crypto betting in Sweden gives players a way out. Higher odds, more sports promotions, better betting features and a plethora of markets are only several of the goodies you are in for. Luckily for you, we have prepared a list of the top crypto sports betting brands in the next section.
Sweden’s love for sports is evident in the diversity that people prefer both for entertainment and playing. Two sports steal the show, though, Football and Ice Hockey. Crypto betting sites in Sweden feature hundreds of markets in the nation’s top leagues, such as Allsvenskan, NHL and HockeyEttan. Apart from Football and Ice Hockey, sports like Floorball, Handball, Bandy and Formula 1 enjoy wide coverage from crypto bookmakers.
All about Promotions
Sports betting with cryptocurrency allows bookies to provide a bigger selection of promotions for players. Other than a Welcome Offer that matches your deposit, you can now trigger more rewards like Free Bets on selected events, Cashbacks and Reload Bonuses to complement your betting. As we mentioned already, inspecting the t&c’s is crucial, so be mindful of that when selecting a promotion. Now that you have all the basics down, it’s time to get some action.
How to deposit to a crypto gambling site in Sweden
Finding the best casino is only the beginning of the story. Next, you will need to deposit into your account with cryptocurrencies. Since Trustly is the most used payment method among local gamblers, depositing to a crypto gambling site in Sweden might feel a bit different, but don’t worry. Once you complete a few transactions, the process will be just as smooth and even faster.
The idea is simple. Get some coins from an exchange, transfer them into your private wallet and deposit to your operator of choice. As far as exchanges go, Binance, Coinbase and Kraken are your best bets, as they have a solid track record in the crypto industry. For the next steps toward your first deposit, we have created a detailed step-by-step guide below.
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
Naturally, gambling comes with the adrenaline rush of hitting a big win. And the last thing we want to think of after such a win is taxes. While gambling with crypto is not much different from traditional gambling, the current crypto regulation has not caught up yet, and things can get tricky. In the following section, we will summarize all the important details you need to know, along with some solutions.
One topic that is never fun to bring up in conversations is taxes. In contrast to many places around the world, in Sweden, the Tax Agency(or Skatteverket) is the go-to place for all citizens’ needs. Therefore, it makes locals happier about paying taxes. The ongoing situation with the crypto tax in Sweden is not as joyful, to say the least.
Let’s start by stating that winnings from gambling with crypto are not defined in the current tax framework, which can lead to multiple interpretations. Personal Income and Capital Gains Tax are the two of the most often used Taxes for cryptocurrency transactions. Since the landscape around cryptocurrencies and gambling is always changing, we would recommend advising a tax consultant if you want to report your winnings and be on the safe side.
Nonetheless, keeping your coins in a private wallet without selling them for SEK in exchanges will be more than enough for your gambling activity. If you are more risk tolerant, there is one more option.
The solution - Stay under the radar
In case you want to avoid taxes altogether, there is always the possibility of going entirely off the crypto grid. Anonymity coins like Monero and Zcash are built purposefully with the intention of having completely untraceable transactions, unlike most cryptos that can be traced back to you. Both coins are offered by plenty of crypto casinos without Swedish license. So, using crypto like this with a low KYC operator and keeping your winnings off exchanges, gives you the possibility of staying away from the eye of the regulators and avoiding the 30% capital gains tax, which reduces your profits.
Is it the Same in Other Nordic Countries?
Let’s start by saying that the crypto gambling scene stands in a gray zone, much like in most of the world. Regardless of this, it is best to keep any crypto winnings under the radar. If you proceed to large-amount crypto to Fiat exchanges, you may face significant tax burdens. That’s why we suggest players opt for Danish crypto gambling sites or crypto casinos in Finland for example, to keep their funds in anonymous private wallets. If you need to cash out to Fiat, do it in small increments.
*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.
While the latest legislation on gambling helped open the market to more players, the government doesn’t seem to slow down anytime soon, proposing more aggressive rules. In conjunction with the fact that locals are limited or completely excluded from Bonus offers on offshore sites, a clear point is made. Swedish crypto casinos are the way to go.
Besides the access to more Bonus offers and Promotions, local players can also enjoy faster transactions while keeping a low profile for their sessions. Moreover, our carefully selected recommendations will instantly bring value and peace of mind to your game, so have a look and start playing.
FAQs
There is no definite answer. All crypto gambling sites come with unique features and options that suit different players accordingly. If you are looking for a new crypto gambling site, you should definitely go over our list with the top brands and find the one that suits you best.
Absolutely. Although there are a few scammy crypto gambling sites, if you go for our carefully reviewed recommendations and do your due diligence on the brands, gambling with Bitcoin will be just as safe.
According to Skattverket, two types of taxes can be paid for cryptocurrencies. Income and Capital Gains Tax applies to most transactions except for gifting and holding. Since the type and amount of tax can be more complicated, we recommend talking with your tax advisor for more detailed information based on your situation.
Of course. The Swedish government recognizes cryptocurrencies as tradeable assets rather than actual currency. Nonetheless, you will have no problems using crypto in Sweden.
Gambling with crypto has become increasingly popular for many reasons. Almost instant transactions with higher winning limits, fewer geographical restrictions and the ability to gamble under the radar with complete anonymity are only a few of them. If you want to give crypto gambling a go, take a look at our expert reviews and get started.
Many players use a VPN for their gambling sessions, but it is not recommended as it can make you vulnerable to KYC requests from the operators. So, stick to your normal connection for gambling sites unless it is an absolute necessity due to your residence.